Amgen (AMGN) Gets a Buy from Bernstein
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Breen covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Merck & Company, and Moderna. According to TipRanks, Breen has an average return of 2.7% and a 50.00% success rate on recommended stocks.
In addition to Bernstein, Amgen also received a Buy from BMO Capital's Evan Seigerman in a report issued on July 9. However, on July 10, Morgan Stanley maintained a Hold rating on Amgen (NASDAQ: AMGN).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
32 minutes ago
- Hamilton Spectator
S&P/TSX composite up in late-morning trading, U.S. markets mixed
TORONTO - Canada's main stock index was up in late-morning trading as strength in the technology and industrial sectors helped offset weakness in base metal and energy stocks, while U.S. markets were mixed. The S&P/TSX composite index was up 58.21 points at 27,081.46. In New York, the Dow Jones industrial average was down 40.63 points at 44,330.88. The S&P 500 index was down 3.19 points at 6,256.56, while the Nasdaq composite was up 37.39 points at 20,622.92. The Canadian dollar traded for 73.06 cents US compared with 73.08 cents US on Friday. The August crude oil contract was down 43 cents US at US$68.02 per barrel. The August gold contract was down US$8.80 at US$3,355.20 an ounce. This report by The Canadian Press was first published July 14, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Business Wire
an hour ago
- Business Wire
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages iRobot Corporation (IRBT) Investors To Inquire About Securities Fraud Class Action
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired iRobot Corporation ('iRobot' or the 'Company') (NASDAQ: IRBT) securities between , inclusive (the 'Class Period'). iRobot investors have until September 5, 2025 to file a lead plaintiff motion. What Happened? On March 12, 2025, iRobot released its fourth quarter and full year 2024 financial results, reporting a loss of $2.06 per share on revenue of $172 million, representing a 44% year-over-year decline and stating that 'there can be no assurance that [iRobot's] new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies.' Accordingly, '[g]iven these uncertainties and the implication they may have on the Company's financials, there is substantial doubt about the Company's ability to continue as a going concern for a period of at least 12 months from the date of the issuance of its consolidated 2024 financial statements.' On this news, iRobot's stock price fell $3.255, or 51.6%, over two consecutive trading days, to close at $3.055 per share on March 13, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) iRobot overstated the extent to which the Restructuring Plan would help the Company maintain stability after the termination of the Amazon Acquisition; (2) as a result, it was unlikely that iRobot would be able to profitably operate as a standalone company; (3) accordingly, there was substantial doubt about the Company's ability to continue as a going concern; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired iRobot securities during the Class Period, you may move the Court no later than September 5, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
an hour ago
- Yahoo
Billionaire Bill Ackman Has 14% of His Hedge Fund in 1 AI Stock That's Up 6,930%
Bill Ackman's hedge fund, Pershing Square Capital Management, has made a successful bet on this leading AI enterprise. With access to massive amounts of data, incredibly popular products and services, and unmatched financial resources, this business will remain in a position of power. Despite very favorable characteristics, investors can buy shares at a discount to the S&P 500. 10 stocks we like better than Alphabet › Billionaire Bill Ackman, who follows an investment philosophy similar to Warren Buffett, has exposure in his Pershing Square Capital Management hedge fund to the artificial intelligence (AI) boom. That might go against his firm's usual focus of buying retail-based businesses. But since this particular company had its initial public offering in 2004, shares have risen 6,930% (as of July 9). Had you made a $1,000 investment in this top AI stock back then, you'd have about $70,000 today. Continue reading to learn what business this is and whether or not it should be in your portfolio. Through both Class A and Class C shares, Pershing Square had 14% of its assets (as of March 31) in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The hedge fund first purchased the stock in the first quarter of 2023, at a time when the company was losing investor interest as OpenAI's ChatGPT became the talk of the town. There were concerns Alphabet had already lost the AI race. But in typical fashion, being greedy when others are fearful, Ackman became an Alphabet shareholder. The billionaire highlighted many of the company's favorable qualities as they relate to AI. Pershing Square called out Google's distribution advantage, with the habits consumers have of using Alphabet's products and services. The business also has unrivaled data to train AI models on. And Alphabet has been at the forefront of AI for several years, not just hopping on the bandwagon recently like many others have. More than two years since Ackman bought the stock, Alphabet remains a power player in the AI world. It has a leading family of models in Gemini. Its crown jewel, Google Search, has an AI Overviews feature that now has 1.5 billion monthly users. And the Google Cloud Platform offers a long list of AI tools to clients, which should register strong demand. "All 15 of our products with a half a billion users now use Gemini models," CEO Sundar Pichai said on the first-quarter 2025 earnings call. But perhaps most importantly, Alphabet has the financial resources to stay ahead. Management plans to spend $75 billion on capital expenditures this year. That's a lot of money. However, when the business generates tens of billions of dollars in net income each quarter, having large capital expenditures is easy. There is certainly a lot of hype surrounding the AI craze. Some forecasters think this technology will completely upend entire industries, drastically cut jobs, and/or provide a substantial boost to economic productivity. It's really anyone's guess what the long-term implications will be. Things will take time to play out. But here's why Alphabet is in such an enviable position. Even before AI started getting all the attention, Alphabet already had some of the most popular and widely used internet properties on the face of the planet. Management is simply leveraging AI to better serve users, which is a smart strategic decision regardless of how you view this technology's future. Despite Alphabet's powerful position in the tech world, especially when it comes to AI, the market still doesn't fully appreciate the company. Maybe there are still worries about how AI will ultimately impact Google Search, the company's top moneymaker. Additionally, Alphabet remains in the crosshairs of regulatory bodies, adding uncertainty to the mix. The stock currently trades at a price-to-earnings ratio of 19.8, reflecting some level of pessimism. That's significantly below its trailing-five-year average of 25.5. And it shows that shares are selling at a multiple that's much cheaper than that of the overall S&P 500 index. Investors have the chance to buy an AI leader at a discount today. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy. Billionaire Bill Ackman Has 14% of His Hedge Fund in 1 AI Stock That's Up 6,930% was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
