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
- Vail Resorts soared 8.84% on the news that it’s bringing back former CEO Rob Katz to turn the company around.
- Dick’s Sporting Goods climbed 1.66% thanks to solid earnings, and the retailer also impressed by keeping fiscal guidance intact.
- Box jumped 17.23% after the cloud storage company beat earnings estimates and raised its forecast for the coming quarter and full year.
- Joby Aviation soared 28.78% after the air taxi startup secured a $250 million investment from Toyota.
What’s down
- US chip designers sank on reports that the White House has ordered them to stop selling to clients in China. Cadence Design Systems tumbled 10.67%, while Synopsys lost 9.64%
- Okta tumbled 16.16% despite the identity management software company posting solid earnings and standing by its fiscal guidance for the year.
- Macy’s fell 0.50% despite beating Wall Street estimates across the board, though it did cut its profit outlook for the year.
- Automaker Stellantis dropped 3.15% after revealing veteran exec Antonio Filosa will become the new head of Jeep’s parent company.
- Freshpet fell 3.97% on a downgrade from TD Cowen analysts, who think the company’s refrigerated pet food concept doesn’t have much growth potential.
- Semtech stumbled 4.56% even though the semiconductor supplier beat earnings estimates and raised its fiscal forecast.
- Boston Scientific sank 1.56% after it decided to discontinue its artificial heart valve system due to regulatory feedback.
- Chevron fell 1.31% a day after the US government declared that it can no longer produce oil in Venezuela.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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