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S&P 500 Wraps Up Best May Since 1990: 5 Top Stocks in the ETF
ZACKS· 2025-06-03 16:31
Market Performance - The S&P 500 recorded its best May performance since 1990, rising over 6% in the month, marking its largest monthly gain since November 2023 [1] - SPDR S&P 500 ETF Trust (SPY) gained 6.3% over the past month, with five highlighted stocks gaining more than 25% [2] Key Drivers of Market Rally - The stock rally was primarily driven by a resurgence in tech stocks due to strong earnings and investor confidence in AI-driven growth [3] - Easing trade tensions contributed to market optimism, with the U.S. temporarily reducing tariffs on Chinese goods from 145% to 30%, and China lowering retaliatory duties from 125% to 10% [4] - The U.S. Court of International Trade blocked much of Trump's existing tariff policy, providing a temporary boost to equities [5] - Economic data showed mixed signals, with the Federal Reserve's preferred inflation measure cooling and the U.S. labor market adding 177,000 jobs, while consumer spending showed signs of slowdown [6] SPY Fundamentals - SPY holds 503 stocks, with no single stock accounting for more than 7% of its assets, indicating a balanced portfolio [8] - The fund has an AUM of $603.5 billion, charges 9 bps in fees per year, and trades an average of 68 million shares daily [9] Best-Performing Stocks - NRG Energy Inc. saw a 36% increase in the past month, with a solid earnings estimate revision of 19 cents and an estimated growth of 10.54% [10] - Seagate Technology jumped about 28% in a month, with a positive earnings estimate revision of 8 cents and an estimated growth of 516.3% [11] - Constellation Energy gained 26.8% in a month, despite a negative earnings estimate revision of 7 cents, with an expected growth rate of 9% [12] - Insulet Corporation rose 26.5%, with a positive earnings estimate revision of 3 cents and an estimated growth rate of 33% [13] - Microchip Technology gained over 25% in a month, with a solid earnings estimate revision of 19 cents and expected earnings to break even this fiscal year [14]
SOLV's Strong Q1 Signals Turnaround: Is the Stock Worth Betting Now?
ZACKS· 2025-06-03 16:16
Key Takeaways Solventum (SOLV) posted a strong Q1 FY25 with 4.3% organic growth and raised full-year revenue guidance. SOLV's growth is driven by improved commercial focus and product innovation in MedSurg, Dental, and HIS. Tariff risks loom, but SOLV's strategic mitigations to support sustained profitability.Solventum Corporation (SOLV) delivered a robust first-quarter performance, reflecting the company’s progress on its multi-phase transformation and renewed commercial focus. The company reported earni ...
Why The Cooper Companies (COO) is a Top Growth Stock for the Long-Term
ZACKS· 2025-06-03 14:46
Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][2] - The Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, helping investors identify securities with high potential for market outperformance [2][3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Cash Flow [3] - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [4] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes to identify optimal buying opportunities [5] Group 3 - The VGM Score combines the Value, Growth, and Momentum Scores to highlight stocks with the best overall potential [6] - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [7][10] Group 4 - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [10][11] Group 5 - The Cooper Companies Inc operates globally in the specialty medical device sector, with two segments: CooperVision and CooperSurgical [12] - Currently rated 3 (Hold) with a VGM Score of A, Cooper is projected to achieve year-over-year earnings growth of 9.8% for the current fiscal year [12][13] - Recent upward revisions by analysts have increased the Zacks Consensus Estimate for Cooper to $4.05 per share, with an average earnings surprise of 3.2% [13]
Foundational US Patent Granted for ECG Assessment of Heart Function, Further Expands HeartSciences’ Patent Portfolio and IP Value
Globenewswire· 2025-06-03 13:00
Patent covers estimation of measures of heart function using an ECG, which are critical in the diagnosis and early detection of heart diseaseSouthlake, TX, June 03, 2025 (GLOBE NEWSWIRE) -- HeartSciences Inc. (Nasdaq: HSCS; HSCSW) (“HeartSciences” or the “Company”), an artificial intelligence (“AI”) powered medical technology company focused on transforming ECGs/EKGs to enable earlier detection of heart disease, today announced the grant by the United States Patent and Trademark Office (USPTO) of a foundati ...
ReShape Lifesciences® Announces EU MDR Certification for Entire European and United Kingdom Product Portfolio
Globenewswire· 2025-06-03 12:31
Core Insights - ReShape Lifesciences has achieved certification for its Quality Management System (QMS) and medical devices under the EU Medical Device Regulation (MDR) and UK Conformity Assessment (UKCA), ahead of the December 31, 2027 deadline [1][3] - The EU MDR, effective since May 2021, imposes stricter requirements for clinical evaluation, post-market surveillance, and device traceability to enhance patient safety and product quality across the European Economic Area [2] - The certification positions ReShape Lifesciences among a select group of manufacturers compliant with the EU's rigorous standards, enabling the company to expand its product pipeline and maintain market access in Europe [3] Company Overview - ReShape Lifesciences specializes in weight loss and metabolic health solutions, offering a range of products including the FDA-approved Lap-Band System and investigational Diabetes Bloc-Stim Neuromodulation™ (DBSN™) system [4] - The company’s offerings include non-surgical options like the Obalon balloon technology, designed for long-lasting weight loss [4]
PAVmed Subsidiary, Veris Health, Enters into Strategic Partnership Agreement with The Ohio State University Comprehensive Cancer Center - James Cancer Hospital and Solove Research Institute
Prnewswire· 2025-06-03 12:31
Core Insights - Veris Health Inc. has established a strategic partnership with The Ohio State University Comprehensive Cancer Center (OSUCCC – James) following a successful pilot program of the Veris Cancer Care Platform™ [1][4] - The partnership aims to enhance personalized cancer care through remote patient monitoring and the development of the Veris Cancer Care Platform [2][3] Group 1: Partnership Details - The agreement includes a long-term, multi-project collaboration to further develop and commercialize the Veris Cancer Care Platform and its implantable physiologic monitor [2][3] - Key components of the partnership involve expanding commercial utilization across cancer care service lines, full electronic health record (EHR) integration, and launching a large clinical registry and clinical trial [3][4] Group 2: Platform Features - The Veris Cancer Care Platform offers remote physiological data collection, symptom reporting, telehealth capabilities, and EHR integration, aiming to improve personalized cancer care [4][5] - Patients enrolled in the platform receive a VerisBox™ with connected health care devices that transmit data to a cloud-based clinician portal, along with a patient smartphone app for symptom reporting and health tracking [5] Group 3: Company Background - PAVmed Inc. is a diversified commercial-stage medical technology company operating in medical devices, diagnostics, and digital health sectors, with Veris Health as its majority-owned subsidiary [7] - Veris Health focuses on enhancing personalized cancer care through innovative technologies, including the development of an implantable physiological monitor [7]
NeuroOne Strengthens Leadership Team with Appointment of Emily Johns as General Counsel and Corporate Secretary
Globenewswire· 2025-06-03 12:30
Core Insights - NeuroOne Medical Technologies Corporation has appointed Emily Johns as General Counsel and Corporate Secretary, enhancing its management team [1][2] - The appointment is expected to reduce overall legal costs and support the company's strategic growth initiatives [2] Management Team Enhancement - Emily Johns brings nearly a decade of experience working with NeuroOne and has a strong background in legal matters related to biotechnology companies [2] - Her previous role as a partner at Honigman LLP involved representing NeuroOne in transactional work since 2017 [2] - The company believes her legal expertise will be invaluable as it scales its operations [2] Stock Options and Compensation - In connection with her appointment, Ms. Johns received an option to purchase 500,000 shares of the company's common stock at an exercise price of $0.611 per share [3] - The new senior director of quality assurance and regulatory affairs was also granted an option to purchase 75,000 shares under similar terms [3] Company Overview - NeuroOne is focused on developing minimally invasive and high-definition solutions for neurological disorders, including epilepsy and Parkinson's disease [4] - The company aims to improve patient outcomes and reduce procedural costs while exploring applications in other areas such as depression and chronic pain [4]
Sanuwave Health Appoints Industry Veteran Dustin Libby as Executive Vice President of Commercial Operations
Globenewswire· 2025-06-03 11:30
Libby brings strong team building, growth, and sales operations and systems skills to Sanuwave after a career of growing startups into mid- and large-sized companies.EDEN PRAIRIE, Minn., June 03, 2025 (GLOBE NEWSWIRE) -- Sanuwave Health, Inc. (the "Company" or "Sanuwave”) (NASDAQ:SNWV), a leading provider of next-generation FDA-approved wound care products, is pleased to announce the hiring of Dustin Libby as its EVP of commercial operations. Libby brings 20 years of medical device experience focused on com ...
SMLR Investor News: If You Have Suffered Losses in Semler Scientific, Inc. (NASDAQ: SMLR), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-06-02 21:30
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Semler Scientific, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Semler Scientific securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Company Disclosure and Market Reaction - Semler Scientific filed its 2024 annual report on Form 10-K with the SEC, revealing that it had begun initial settlement discussions with the DOJ but ceased those discussions on February 11, 2025 [3]. - Following this disclosure, Semler Scientific's stock fell over 9% on the next trading day [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [4].
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Treace Medical
GlobeNewswire News Room· 2025-06-02 17:09
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Treace Medical Concepts, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements and undisclosed competition impacts on the company's primary product [3][5]. Group 1: Allegations and Impact - The complaint alleges that Treace Medical and its executives made false or misleading statements regarding the demand for their primary product, the Lapiplasty 3D Bunion Correction System, and failed to disclose competitive pressures affecting revenue [5]. - Following a press release on May 7, 2024, the company lowered its full-year 2024 revenue guidance from a range of $220 million to $225 million down to $201 million to $211 million, indicating significant revenue decline [6]. - The stock price of Treace Medical fell by $6.95, or nearly 63%, closing at $4.17 per share on May 8, 2024, following the announcement of the lowered revenue guidance [7]. Group 2: Legal Proceedings - Investors who purchased Treace Medical securities between May 8, 2023, and May 7, 2024, are encouraged to discuss their legal rights and options, with a deadline of June 10, 2025, to seek the role of lead plaintiff in the federal securities class action [2][3]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8]. - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Treace's conduct [9].