BREAKING: Stocks Drop As Netflix, Bristol Myers Slide As the overall market trend weakens, one area that remains intact is medical stocks — namely Intuitive Surgical (ISRG), which is having a strong month after earnings. After being beaten down for quite a while, Intuitive Surgical stock saw a strong comeback in October, when the stock rose close to 14% following a top- line and bottom-line earnings beat. Shares retook… Related news Dow Jones Leader Goldman Sachs, Intuitive Stock In Or Near Buy Zones 11/11/ ...

Group 1 - Intuitive Surgical's stock is currently priced at $538.82, showing a gain of $5.39 or 0.99%, with a notable 30% increase in the last period [1] - The company is forming a handle pattern with a buy point at $552.50 after a long consolidation phase [1] - Intuitive Surgical has experienced accelerated earnings and revenue growth over the last two quarters, achieving a Composite Rating of 97 out of 99 [1] Group 2 - The stock market rose due to doubts about Trump tariffs, with key stocks like Robinhood and AppLovin leading the earnings movers [2] - Despite the overall market fading, Intuitive Surgical's Composite Rating has improved to 96, indicating strong performance [4] - The company is closely watched as it prepares for the release of the Da Vinci 5 system, which is expected to impact its market position significantly [4]

Economic Impact - The US government shutdown is in its fourth week, affecting market sentiment and delaying key economic reports, including unemployment claims and the September payroll report [1] - Bloomberg Economics estimates that 640,000 federal workers will be furloughed, potentially increasing jobless claims and raising the unemployment rate to 4.7% [1] Mortgage Market - US MBA mortgage applications decreased by 0.3% for the week ending October 17, with the purchase mortgage sub-index down 5.2% and refinancing up 4.0% [2] - The average 30-year fixed mortgage rate fell by 5 basis points to 6.37% from 6.42% [2] Trade Relations - Markets are focused on US-China trade talks, with President Trump threatening to increase tariffs on Chinese goods if no deal is reached by November 1 [3] - The Trump administration is considering broad export restrictions to China in response to China's rare earth export restrictions [4] Stock Market Performance - Stock indexes closed lower, with the S&P 500 down 0.53%, Dow Jones down 0.71%, and Nasdaq down 0.99% [6] - Chipmakers faced significant losses after Texas Instruments forecasted lower-than-expected Q4 revenue, while Netflix dropped over 9% after reporting weaker Q3 EPS [5][6] Earnings Season - The Q3 earnings season shows rising expectations, with 85% of S&P 500 companies that reported so far beating forecasts, indicating the best quarter since 2021 [7] - Q3 profits are expected to rise by 7.2% year-over-year, the smallest increase in two years, while sales growth is projected to slow to 5.9% year-over-year [7] Interest Rates - Markets are pricing in a 97% chance of a 25 basis point rate cut at the next FOMC meeting on October 28-29 [8] - The yield on 10-year T-notes fell by 1.4 basis points to 3.949%, supported by strong demand for a recent Treasury auction [9] Corporate Movements - Texas Instruments and other chipmakers saw declines due to lower revenue forecasts, while Intuitive Surgical rose over 13% after increasing its growth forecast [5][16] - Netflix's Q3 EPS of $5.87 was below the consensus of $6.94, leading to a significant drop in its stock price [15] - Energy producers rallied as WTI crude oil prices rose over 2%, benefiting companies like Halliburton and Marathon Petroleum [18]

Economic Impact - The US government shutdown is in its fourth week, affecting market sentiment and delaying key economic reports, including unemployment claims and the September payroll report [1] - Bloomberg Economics estimates that 640,000 federal workers will be furloughed, potentially increasing jobless claims and raising the unemployment rate to 4.7% [1] Market Focus - Markets are closely monitoring US-China trade talks, with President Trump threatening to increase tariffs on Chinese goods if no deal is reached by November 1 [2] - The upcoming meeting between President Trump and Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation conference is anticipated [2] Mortgage Applications - US MBA mortgage applications decreased by 0.3% for the week ending October 17, with the purchase mortgage sub-index down 5.2% and refinancing up 4.0% [3] - The average 30-year fixed mortgage rate fell by 5 basis points to 6.37% from 6.42% [3] Stock Market Performance - Stock indexes are under pressure, particularly chipmakers, following Texas Instruments' Q4 revenue forecast below expectations [4] - Netflix shares dropped over 9% after reporting weaker-than-expected Q3 EPS, while Intuitive Surgical shares rose over 16% after increasing its growth forecast [4][15] Earnings Season - The Q3 earnings season shows rising corporate earnings expectations, with 85% of S&P 500 companies that reported so far beating forecasts, indicating the best quarter since 2021 [6] - Q3 profits are expected to rise by 7.2% year-over-year, the smallest increase in two years, while sales growth is projected to slow to 5.9% year-over-year [6] Interest Rates - Markets are pricing in a 97% chance of a 25 basis point rate cut at the next FOMC meeting on October 28-29 [7] - The ongoing government shutdown may lead to additional job losses and reduced consumer spending, potentially allowing the Fed to continue cutting interest rates [8] European Market Insights - European government bond yields are mixed, with the 10-year German bund yield up by 1.6 basis points, while the UK gilt yield dropped to a 6.5-month low [9] - UK September CPI rose by 3.8% year-over-year, unchanged from August and below expectations [9] Corporate Movements - Intuitive Surgical's stock rose over 16% after boosting its growth forecast, while Capital One Financial's stock increased over 3% after reporting better-than-expected Q3 adjusted EPS [16] - Netflix and Texas Instruments faced significant declines in their stock prices due to disappointing earnings reports [11][12]

Economic Impact - The US government shutdown is in its fourth week, affecting market sentiment and delaying key economic reports, including unemployment claims and the September payroll report [1] - Bloomberg Economics estimates that 640,000 federal workers will be furloughed, potentially increasing jobless claims and raising the unemployment rate to 4.7% [1] Trade Relations - Markets are focused on US-China trade talks, with President Trump threatening to increase tariffs on Chinese goods if no deal is reached by November 1 [2] Mortgage Applications - US MBA mortgage applications decreased by 0.3% for the week ending October 17, with the purchase mortgage sub-index down 5.2% and refinancing up 4.0% [3] Stock Market Performance - Stock indexes are experiencing modest losses, particularly in chipmakers after Texas Instruments forecasted Q4 revenue below expectations [4] - The S&P 500 Index is down 0.02%, the Dow Jones down 0.14%, and the Nasdaq 100 down 0.18% [5] Earnings Season - The Q3 earnings season shows rising corporate earnings expectations, with 85% of S&P 500 companies reporting so far beating forecasts, indicating the best quarter since 2021 [6] - Q3 profits are expected to rise by 7.2% year-over-year, the smallest increase in two years, while sales growth is projected to slow to 5.9% year-over-year [6] Interest Rates - Markets are pricing in a 97% chance of a 25 basis point rate cut at the next FOMC meeting on October 28-29 [7] - The 10-year T-note yield is up 0.8 basis points to 3.963%, with supply pressures from upcoming Treasury auctions [8] European Market Trends - European government bond yields are mixed, with the 10-year German bund yield up 0.9 basis points and the UK gilt yield dropping to a 6.5-month low [9] Company-Specific Movements - Netflix shares are down over 7% after reporting Q3 EPS of $5.87, below the consensus of $6.94 [11] - Texas Instruments shares are down over 7% after forecasting Q4 revenue of $4.22 billion to $4.58 billion, below consensus [12] - Intuitive Surgical shares are up over 16% after raising its worldwide Da Vinci procedure growth forecast for the year [15] - Capital One Financial shares are up over 3% after reporting Q3 adjusted EPS of $5.95, exceeding expectations [16]

Core Viewpoint - The medical sector in the United States is experiencing a bearish cycle, particularly influenced by scandals related to GLP-1 drugs for weight loss, which has affected various companies, including those not directly involved in this market, creating investment opportunities for discerning investors [1] Company Overview - Intuitive Surgical Inc. is a leading medical robotics company in the U.S., expanding its reach globally [3] - The company's stock is currently trading at $439.20, down 1.80%, and has a P/E ratio of 61.32, with a price target of $594.19 [2] Market Sentiment and Stock Performance - Intuitive Surgical's stock has seen a quarterly decline of 19.2% and is trading at 71% of its 52-week high, indicating a deep bear market territory [5] - The current price is viewed as a significant discount, with potential for recovery as the market recognizes the company's growth trajectory and new revenue streams [4][12] Business Strategy and Growth Potential - The company is expanding its flagship Da Vinci product line through a usage-based lease program, which is expected to stabilize revenue streams and enhance financial predictability [7][9] - Recent expansions into Europe and Japan may lead to an earnings-per-share (EPS) beat in upcoming quarters, further boosting investor confidence [8] Financial Forecast - Analysts forecast a 12-month stock price target of $595.95, representing a 33.25% upside from the current price, with some expecting it to reach as high as $700.00 [11] - The company reported an EPS of $2.19, exceeding the consensus estimate of $1.93, indicating potential for positive surprises in future earnings [13] Investor Confidence - Corient Private Wealth increased its holdings in Intuitive Surgical by 68.8%, reflecting a vote of confidence in the company's future despite current market conditions [14]

Company Overview - SSI International transitioned from financial struggles in 2023 to a successful Nasdaq listing in 2025, achieving a market cap exceeding $1 billion [1] - The company, founded by Sudhir Srivastava, has established itself in the medical technology sector, particularly in robotic surgical systems, competing with industry leader Intuitive Surgical [2] Business Development - SSI International has made significant progress since 2015, now shipping surgical systems weekly, with at least 115 units deployed across major hospitals in India and several other countries [3] - The company reported trailing 12-month revenue of $27.6 million as of June and has engaged an investment bank for public fundraising [4] Market Strategy - SSI went public through a merger with Avra Medical Robotics, allowing it to bypass traditional IPO processes [4] - The company aims to maintain capital efficiency in its operations, as emphasized by co-founder Shiladitya Sengupta [6] Industry Context - Vyome Therapeutics, another Indian biotech firm, successfully listed on Nasdaq via a reverse merger, highlighting a trend among Indian companies seeking alternative routes to public markets [5]