MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants
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What’s up
- CrowdStrike popped 2.82% off strong quarterly earnings for the beleaguered cybersecurity company.
- Best Buy jumped 14.09% thanks to impressive profit growth in spite of a slowdown in sales.
- Affirm Holdings soared 31.92% due to a beat-and-raise quarter for the buy-now-pay-later company.
- Nutanix gained 20.31% after the cloud infrastructure company took advantage of a rival’s recent acquisition to gobble up market share.
What’s down
- Okta, the security software maker that never lets you get into your company files when you really need to, dropped 17.64% after issuing mixed guidance for the coming quarter.
- Salesforce sank at the open but recovered a bit, falling 0.94% after the cloud computing company announced solid earnings.
- Pure Storage plunged 15.84% after beating estimates but announcing that full-year earnings will come in lower than expected.
- Speaking of data storage companies, NetApp fell 9.64% in spite of beating on the top and bottom lines last quarter.
- Birkenstock slipped 16.09% after the company that makes the ugliest shoes on the market missed on earnings estimates.
CITE: https://tinyurl.com/2h47urt5
Here’s where the major benchmarks ended:
An early rally lost steam, once again victimized by selling in semiconductors and mega caps despite signs of progress elsewhere. That progress helped lead the Dow Jones Industrial Average® ($DJI) to a new all-time high for the third time in four sessions.
- The SPX fell 0.22 points (0.00%) to 5,591.96; the $DJI rose 243.63 points (0.59%) to 41,335.05; the NASDAQ Composite®($COMP) dropped 39.59 points (–0.23%) to 17,516.43.
- The 10-year Treasury note yield (TNX) climbed two basis points to 3.86%.
- The CBOE Volatility Index® (VIX) eased to 15.99.
CITE: https://tinyurl.com/tj8smmes
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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