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The rise of continuous glucose monitors
  + stars: | 2023-05-26 | by ( Erin Black | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of continuous glucose monitorsAccording to the Center for Disease Control and Prevention, more than 37 million people in the U.S. have diabetes. Diabetics must monitor their blood sugar, a task traditionally done with glucometers by pricking your finger over and over again for drops of blood. But over the last decade, technology like continuous glucose monitoring has been on the rise. Abbott and Dexcom are the two most dominant players in the space. CNBC spoke with both companies about the technology inside CGM's.
AI can be placed under the broad category of disruptive technology, which refers to innovations that change consumers' habits and displace old markets. Then, you have public cloud infrastructure that connects it all together, such as Amazon Web Services or the Google Compute Engine which provides infrastructure as a service (IaaS). For this reason, instead of taking the approach of creating something as narrow as an AI ETF, the ETF is focused on anything that signals disruption to an entire industry and changes the status quo. They have a "tremendous" market share in AI applications, and companies are hungry for their products, he noted. Analog Devices (ADI) provides technology that can translate atmospheric information into digital data to mean something to the hardware.
All required the companies to open or maintain bank accounts with SVB and use the firm for all or most of their banking services. Silicon Valley Bank had exclusivity clauses with some of its clients, limiting their ability to tap banking services from other institutions, SEC filings show. Upstart held its IPO in 2020, two years after DocuSign's debut. As with Upstart, SVB set strict limits on the value and type of accounts that Sprout could hold elsewhere. The contract included an exception for international bank accounts but required that Limelight use only SVB's business credit cards.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDexcom drops on report that Apple has made glucose tracking breakthroughA new breakthrough by Apple could be bad news for medical device company Dexcom. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Courtney Garcia and Guy Adami.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDexcom shares fall on news Apple is progressing on glucose tracking for watchCNBC's Steve Kovach joins the 'Halftime Report' to report on Dexcom shares dropping on news that Apple is making progress on including a glucose tracking feature on the Apple Watch.
Check out the companies making the biggest moves in premarket trading:Lyft — The ride-sharing company cratered 31.5% after issuing weak guidance in its fiscal first-quarter earnings report. Lyft said it anticipates about $975 million in revenue, lower than the $1.09 billion analysts expected, according to StreetAccount. Yelp — The consumer review platform gained more than 5% in the premarket after it posted fourth-quarter revenue of $309 million, topping analysts' expectations of $307 million. Deutsche Bank — Shares of the German bank dipped more than 3% in pre-market trading after Deutsche Bank was downgraded to underperform from neutral at Bank of America. Newell Brands — The parent company of Rubbermaid and Yankee Candle slumped 7.5% after reporting earnings that missed analysts' expectations.
Loading chart...Triton International Ltd : "I'm going to have to say, let's take a pass on that one." Loading chart...Baxter International Inc : "I'd rather see you in Dexcom ." Loading chart...A. O. Smith Corp : "A. O. Smith is the kind of company that makes stuff, does things, returns capital to shareholders. Unity Software Inc : "Unity Software stinks." Loading chart...BigBear.ai Holdings Inc : "How do I say, sell, sell, sell, sell, sell."
Devices such as insulin pumps, which go back decades, and continuous glucose monitors, which monitor blood sugar levels 24/7, are increasingly connected to smartphones via Bluetooth. Sleep apnea, Type 2 diabetes and remote health careIt's not just diabetes where the medical device market is offering patients new benefits from remote monitoring. The number of internet-connected medical devices grew during the pandemic, as lockdowns created a big push to treat people at home. Multiple forms of medical cybersecurity riskIndustry security experts categorize cybersecurity risks of medical devices into three buckets. Many medical devices such as insulin pumps require patients to create online accounts to download data to a computer or smartphone.
Health care stocks were able to outperform the broader market in 2022. The Health Care Select Sector SPDR ETF dipped 3.6% in 2022, far better than the broader S & P 500 , which slumped 19.4%. CVS is rated a buy by 58% of analysts with an average price target implying a 28% upside. Nearly three out of five analysts rate the stock a buy, with an average price target reflecting an upside of almost 22%. About 75% of UnitedHealth analysts rate it a buy, with an average price target implying a 20% upside.
Campbell Soup was among the best performers of the week, adding 5.2% and hitting a 52-week high Friday. Just 5% of analysts rate the stock as a buy, and the average analyst expects its share price to decline 9.7%. Just over 40% off analysts also rate the stock a buy, with the average price target implying a 0.7% upside. The stock is more favored on Wall Street, with 65% of analysts giving it a buy rating with an average upside of 2.5%. However, just 22% of analysts rate the stock as a buy, with an average price target implying an upside of 3.5%.
Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Check out the companies making headlines in midday trading Thursday. GameStop — Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.
Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it merged with Sprint. Pinterest – Pinterest rose 8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount.
Morning Bid: Meta averse, ECB decides and CS slides
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Continuous glucose monitors (CGMs) allow diabetics to track their blood sugar 24/7. They're incredibly useful, providing insight on how your blood sugar reacts to insulin, food, exercise and whatever else affects it. Abbott Freestyle Libre 3 sensor CNBC | Andrew EversThe trend arrows tell you if your glucose is steady, rising or falling. Abbott Freestyle Libre 3 size vs Dexcom G6 CNBC | Erin BlackIt was accurate most of the time. Abbott Freestyle Libre 3 Apple iWatch notification CNBC | Erin BlackPrescription required, price varies
Energy names were the biggest winners in the market this week, as a major production cut by OPEC+ boosted oil prices. In addition, eight of the top 10-performing S & P 500 stocks this week are energy names. This year, Halliburton's stock price has increased more than 34%, including this week's more than 22% gain. Outside of energy names, analysts are also very bullish on Western Digital. Energy names Devon Energy , Hess , Pioneer Natural Resources and Schlumberger complete the list.
One of the tools US health systems and hospitals are turning to for improved outcomes and reduced costs is remote patient monitoring (RPM) technology. Insider IntelligenceOne of the tools US health systems and hospitals are turning to improved outcomes and reduced costs is remote patient monitoring (RPM) technology. What is remote patient monitoring (RPM)? Remote patient monitoring (RPM) is a healthcare delivery method that uses technology to monitor patient health outside of a traditional clinical setting. What are remote patient monitoring devices?
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