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The latest trading day saw Intuitive Surgical, Inc. (ISRG) settling at $481.73, representing a -0.35% change from its previous close.
Intuitive Surgical (NASDAQ: ISRG) has seen solid gains of over 80% from levels of around $270 in early January 2021 to nearly $500 now, vs. an increase of about 50% for the S&P 500 over this period.
Even as some sectors face uncertainty, healthcare spending is on the upswing. Industry powerhouse UnitedHealth Group is rising above its short-term challenges.
“It takes money to make money.” While that used to be true on Wall Street, it is no longer the case.
During times of market volatility, it's always good for long-term investors to take a breath and zoom out. That doesn't mean getting out of the markets as fast as possible.
Against expectations of a growth slowdown, Intuitive Surgical's results have been strong in 2024, supported by robust procedure volumes and a solid da Vinci 5 launch. Intuitive Surgical's margins picked up in Q2, despite the scaling of da Vinci 5 sales. Margins will come under pressure in coming quarters though as additional costs begin to hit. Intuitive Surgical has a large competitive advantage and a long growth runway, but its valuation will make it difficult for the company to generate strong returns.
Different companies have responded to the bull market in a variety of ways. Intuitive Surgical has seen shares soar as procedure volume and revenue increase steadily.
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Form 13Fs allow investors to see which stocks Wall Street's prominent money managers have been buying and selling. More than a half-dozen billionaires dumped shares of artificial intelligence (AI) leader Nvidia for a third consecutive quarter.
Intuitive Surgical (ISRG) continues to raise optimism among investors owing to its strength in robotics.