🦉 Intuitive Surgical Stock Can Trend Much Higher This Year

If you wonder if Intuitive Surgical (NASDAQ: ISRG) stock can trend higher this year, it can. The med tech business is growing, and Intuitive Surgical is the industry leader and outperforming expectations. The takeaway from the Q1 results is the same as last quarter and last year: industry normalization is compounded by the widening use of DaVinci systems and deepening penetration of existing markets. The combination is juicing the top and bottom lines, leading the analysts to raise their targets and paving a path to new all-time high share prices.  Intuitive Surgical Had a Good Quarter Intuitive Surgical had a good quarter on all levels. . ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Unsubscribe Your Evening Recap for Sunday, April 21st The sell-off in equities deepened last week, with the S&P 500 falling more than 3% at the session's low. The move is led by tech stocks and the fear of higher interest rates for longer. The NASDAQ Composite fell 5% for the week and marks a critical top that may not be broken for some time. The outlook for AI and the bubble it caused is to blame. Regarding interest rates, Fed Chief Jerome Powell says inflating is harder to tame than previously thought and has not retreated sufficiently. This week will be trying one for equity traders. The first read on Q1 GDP is due on Thursday, and the March reading of PCE is due on Friday. The GDP is not expected to show conditions conducive to FOMC rate cuts, nor is the PCE. The takeaway will be how they impact the outlook for the timing of rate cuts, which is not expected to be soon. As it is, the market now assumes the first cut won't come until September or later. Featured: Biden replacement revealed? (Paradigm Press) Intuitive Surgical Stock Can Trend Much Higher This Year  If you wonder if Intuitive Surgical (NASDAQ: ISRG) stock can trend higher this year, it can. The med tech business is growing, and Intuitive Surgical is the industry leader and outperforming expectations. The takeaway from the Q1 results is the same as last quarter and last year: industry normalization is compounded by the widening use of DaVinci systems and deepening penetration of existing markets. The combination is juicing the top and bottom lines, leading the analysts to raise their targets and paving a path to new all-time high share prices.  Intuitive Surgical Had a Good Quarter Intuitive Surgical had a good quarter on all levels. Read The Full Story > The A.I. story nobody is telling you (Read ASAP) (Ad) There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about... Click here to see Louis' new video for yourself. American Express profits jump 34%, helped by jump in new customers, higher spending Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards Read The Full Story > The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening.   MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com   Unsubscribe View as a Web Page   Today's Bonus Content: Stuck in your old ways? (Click to Opt-in)