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Is Abbott (ABT) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research· 2024-03-19 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Abbott (ABT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Abbott currently has an average brokerage recommendation (ABR) of ...
Abbott (ABT) is a Top-Ranked Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-03-18 14:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
Medical Devices ETF Hits 52-Week High: Stocks to Watch
Zacks Investment Research· 2024-03-13 17:41
Investors remain in the midst of one of the greatest bullish moves in history. The S&P 500 has risen in 16 of the past 19 weeks, advancing about 25% over that stretch. It’s a remarkable feat that has only occurred a handful of times in the past. Coming off this historic run, market participants may feel cautious and question if this rally has more legs.Tech stocks have led the way throughout this new bull market, bolstered by an artificial intelligence theme that caught many investors off guard. As the rall ...
Abbott (ABT) Ascends But Remains Behind Market: Some Facts to Note
Zacks Investment Research· 2024-03-12 22:56
In the latest trading session, Abbott (ABT) closed at $120.76, marking a +0.47% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.Shares of the maker of infant formula, medical devices and drugs witnessed a gain of 6.81% over the previous month, beating the performance of the Medical sector with its gain of 2.49% and the S&P 500's gain of 2.06%.Market participants will b ...
Abbott (ABT) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-03-11 23:06
In the latest market close, Abbott (ABT) reached $120.19, with a -0.64% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.41%.Prior to today's trading, shares of the maker of infant formula, medical devices and drugs had gained 8.18% over the past month. This has outpaced the Medical sector's gain of 3.03% and the S&P 500's gain of 2.7% in that time.The investme ...
3 Dividend Kings of Healthcare Stocks to Buy Hand Over Fist in March
The Motley Fool· 2024-03-11 09:35
A dividend is more than passive income to investors. It's a sign of confidence from management in the business itself. After all, management probably wouldn't give you that cash to shareholders if they felt the company needed it more.Do you know what's better than a dividend? A rising dividend. Increasing the amount a company pays is the ultimate vote of confidence. These are the businesses you want to buy and hold.Healthcare is a multitrillion-dollar industry, but a few familiar faces have excelled for dec ...
Abbott (ABT) to Reduce Childhood Malnutrition With New Pact
Zacks Investment Research· 2024-03-07 18:31
Abbott Laboratories, Inc. (ABT) recently extended its partnership with Real Madrid and the Real Madrid Foundation through Real Madrid's 2026-27 season. First established in 2021, Abbott will remain the Global Health Sciences and Nutrition Partner of Real Madrid Football Club and the Global Partner of the Real Madrid Foundation.The partnership aims to put a check on childhood malnutrition and promote healthy habits for future generations.Fostering Health and Nutrition TogetherThe collaboration with the Real ...
Why Abbott (ABT) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-03-05 23:56
Abbott (ABT) closed the most recent trading day at $118.48, moving -1.3% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.02%. At the same time, the Dow lost 1.04%, and the tech-heavy Nasdaq lost 1.65%.The the stock of maker of infant formula, medical devices and drugs has risen by 7.51% in the past month, leading the Medical sector's gain of 4.07% and the S&P 500's gain of 3.64%.The investment community will be paying close attention to the earnings performa ...
Here is What to Know Beyond Why Abbott Laboratories (ABT) is a Trending Stock
Zacks Investment Research· 2024-03-04 15:01
Abbott (ABT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of infant formula, medical devices and drugs have returned +5.8%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Medical - Products industry, which Abbott falls in, has gained 0.6%. The key question now is: What could be the stock's future direct ...
Ozempic Won't Sink This Medical Device Stock's Prospects -- Quite the Opposite
The Motley Fool· 2024-03-03 14:45
Anti-obesity drugs rose in popularity last year, helping the leaders in this market -- notably Eli Lilly and Novo Nordisk -- crush the market. However, some medical device specialists got the wrong end of the stick. That was the case with Abbott Laboratories (ABT -0.02%), whose diabetes care segment is perceived as its most important growth driver. Some investors thought GLP-1 medicines such as Ozempic could decrease demand for some of Abbott's key products.But that's not the case. Anti-obesity medicines wo ...