Abbott Laboratories

  • ABT

  • $113.38

  • -0.42%

  • $113.85

  • $114.29

  • $112.14

Ticker Appearances

Fri, November 1, 2024 | 12:45PM ET

⚡ FlashInsights

Fri, November 1, 2024 | 12:45PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Don't look now, but Healthcare has started to show some early signals that it could begin an end of year mean reversion rally. These types of mean reversion trades are common in November into the following February. Thus, while HC trend is negative, it's showing signs that it can snap back. MY technical ranking on Healthcare is neutral but believe this will rally in November and could outperform. I'll discuss more tonight. Notable outperformers today are A -1.36% , ABT -0.42%  CAH 0.54% , IDXX -1.16%  Lots of good strength across various sub-sectors. Following severe underperformance, today's broad-based sector strength within Healthcare is a plus, and XLV -0.04%  is breaking out of the minor downtrend of the past month.
Tickers
Fri, November 1, 2024 | 11:47AM ET

⚡ FlashInsights

Fri, November 1, 2024 | 11:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
The US Equity rally has been fairly broad-based today, with more than 2.5/1 Advancing issues over declining, despite AAPL's mediocre report. Technology overall is higher by +1.5% and Healthcare is also showing sharp gains, leading all sectors, up by +1.71% with good gains out of CAH 0.54%  A -1.36% , ABT -0.42% , HOLX -1.92%  and MDT -0.25% . SPX move, as can be seen, held the lower 2% Standard deviation Bollinger Band, and any gains back above this past Tuesday's lows near 5813, would spur on a push back to new highs. I feel that is likely into Election before any November volatility.
Tickers

Daily Technical Strategy
Thu, July 20, 2023 | 7:19PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Defensives finally strengthening as key Cycle date nears

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4600 RANGE MIGHT HOLD INTO...

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Daily Technical Strategy
Wed, April 19, 2023 | 6:52PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Medical Devices breakout should give Healthcare a further boost

I WILL NOT BE PUBLISHING FRIDAY, 4/21 DUE TO TRAVEL PLANS. THANK YOU FOR YOUR UNDERSTANDING. No evidence of any change of trend,...

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First Word
Wed, October 19, 2022 | 6:42PM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Updating "Granny shots": +9 additions, -5 deletions

Today is the October quarterly rebalance of our Granny Shots portfolio. The Granny Shots is a list of our core stock holdings, using 6 thematic/quantitative...

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Signal From Noise
Thu, August 4, 2022 | 7:27PM ET
Group135
FS Insight Team

Healthcare Showing Promise: Why We’re Bullish

Healthcare conversations over the past two years have centered almost exclusively on COVID-19, vaccinations, and therapeutics. Yet the dynamic sector offers much more to dissect...

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