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MDT

Medtronic

$106.79

1.79 (1.70%)

16:04
10/09/19
10/09
16:04
10/09/19
16:04

FDA says Medtronic's Sherpa delivery catheter field action is Class I recall

Medtronic announced the U.S. Food and Drug Administration,FDA, has classified the company's voluntary field action initiated in March 2019 related to the 6F Sherpa NX Active Coronary Guide Catheter as a Class I recall. The catheter is used during coronary and peripheral interventional procedures. This issue does not affect the Medtronic Launcher(R) Coronary Guide Catheter or other Medtronic coronary stents, balloons or implantable devices. In response to receiving six complaints, Medtronic conducted a thorough investigation of certain lots of the product and determined that the affected catheters may have a potential to lose outer material from a distal component that could result in the underlying stainless-steel braid wires being exposed after insertion. While Medtronic has received no reports of patient injuries, as a precaution, Medtronic has voluntarily recalled all models of the 6F Sherpa NX Active Catheters due to potential patient risks associated with this issue. The issue has been reported to FDA and other regulatory authorities. Customers using the catheter have been asked to return all affected inventory to Medtronic.

  • 11

    Oct

MDT Medtronic
$106.79

1.79 (1.70%)

09/16/19
JPMS
09/16/19
NO CHANGE
JPMS
Overweight
Medtronic one of the few that could see multiple expansion, says JPMorgan
JPMorgan analyst Robbie Marcus believes Medtronic's pipeline is "deep and often overlooked." He sees a number of "significant potential catalysts" over the coming year that he believes many investors aren't focused on. The analyst thinks investors will want to own Medtronic not only for the expected sales acceleration, from ~4% this fiscal year to ~5% in fiscal 2021, but also for the potential upside in the out-years as pipeline catalysts, that "aren't appropriately modeled by the Street," play out. Medtronic is one of the few large-cap names that could see further multiple expansion, says Marcus, who reiterates an Overweight rating on the shares.
09/25/19
PIPR
09/25/19
NO CHANGE
Target $633
PIPR
Overweight
Piper says Intuitive Surgical overhang over after Medtronic unveils Hugo
Medtronic (MDT) yesterday afternoon showcased its long-awaited multi-port surgical robot Hugo, which will compete with Intuitive Surgical's (ISRG) da Vinci, Piper Jaffray analyst Matt O'Brien tells investors in a research note. As expected, Medtronic's robot is a fully modular system with an open console design and 3D vision, says the analyst. He believes Hugo should garner interest from hospitals considering its value proposition. However, Medtronic's system is at least two years out from the U.S., and the company will not be giving the system away for free like some feared, explains O'Brien. Competition has been an overhang for Intuitive for the last several months, says O'Brien, who left yesterday "feeling A LOT better about Intuitive's competitive positioning and long term growth potential." He believes Intuitive Surgical's overhang is over and that the company is likely to remain the market leader. The analyst keeps an Overweight rating on the shares with a $633 price target. O'Brien also has an Overweight rating on Medtronic with a $120 price target.
09/25/19
GUGG
09/25/19
NO CHANGE
GUGG
Neutral
Medtronic financial projections for Hugo robot 'underwhelming,' says Guggenheim
After attending Medtronic's (MDT) "much-anticipated" robotic-assisted surgery event, where the company gave a first look at the Hugo RAS system, Guggenheim analyst Chris Pasquale noted that the company gave an update on regulatory timelines and initial revenue targets, though information on pricing and clinical comparability to Intuitive Surgical's (ISRG) da Vinci system were "notably absent." He was impressed by certain design elements, though he thinks management's financial projections for Hugo were "somewhat underwhelming," said Pasquale, who keeps a Neutral rating on Medtronic shares.
09/27/19
PIPR
09/27/19
NO CHANGE
PIPR
Piper says insulin pump survey most positive for Insulet
Piper Jaffray analyst JP McKim conducted an insulin delivery survey in August and found that pump penetration is going "much higher" both in type 1s and in type 2s. The growth in the type 2 market is underappreciated by investors and will largely benefit Insulet (PODD) today given the pharmacy channel increases that access, McKim tells investors in a research note. Further, survey indicated that Medtronic (MDT) is expected to lose between 1,100-1,300 basis points of market share with Tandem Diabetes (TNDM) being the greatest beneficiary with the biggest uptick forecast in 2020, says the analyst. McKim views the insulin pump survey as most positive for Insulet.

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T

AT&T

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News Corp

$14.23

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News Corp

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News Corp.

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Facebook

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Apple

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F

Ford

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General Motors

$36.14

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Ford

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GM

General Motors

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

12:45
10/23/19
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12:45
Hot Stocks
Breaking Hot Stocks news story on Hexo 

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NLY

Annaly Capital

$8.94

0.05 (0.56%)

12:45
10/23/19
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Annaly Capital call volume above normal and directionally bullish »

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INTC

Intel

$51.83

-0.175 (-0.34%)

, SFTBF

SoftBank

$0.00

(0.00%)

12:44
10/23/19
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12:44
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12:44
Periodicals
Intel files suit against SoftBank's Fortress over patents, Reuters says »

Intel (INTC) has filed an…

INTC

Intel

$51.83

-0.175 (-0.34%)

SFTBF

SoftBank

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C

Citi

$72.11

0.03 (0.04%)

12:42
10/23/19
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12:42
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12:42
Periodicals
Judge says Citi claim against Czech miner OKD is eligible, Reuters says »

A Czech court determined…

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ALXN

Alexion

$105.68

6.46 (6.51%)

12:40
10/23/19
10/23
12:40
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12:40
Recommendations
Alexion analyst commentary  »

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SHI

Sinopec Shanghai

$28.18

-0.44 (-1.54%)

12:40
10/23/19
10/23
12:40
10/23/19
12:40
Upgrade
Sinopec Shanghai rating change  »

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General news
FX Action: USD-JPY »

FX Action: USD-JPY…

SFTBF

SoftBank

$0.00

(0.00%)

, WE

We Company

$0.00

(0.00%)

12:38
10/23/19
10/23
12:38
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12:38
Periodicals
WeWork's Claure tells staff layoffs are in the works, Reuters says »

Marcelo Claure,…

SFTBF

SoftBank

$0.00

(0.00%)

WE

We Company

$0.00

(0.00%)

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BMY

Bristol-Myers

$53.89

-0.55 (-1.01%)

, RHHBY

Roche

$0.00

(0.00%)

12:36
10/23/19
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12:36
Periodicals
Trump to nominate Stephen Hahn as FDA commissioner, WSJ reports »

President Trump intends…

BMY

Bristol-Myers

$53.89

-0.55 (-1.01%)

RHHBY

Roche

$0.00

(0.00%)

NVS

Novartis

$86.51

-0.32 (-0.37%)

GSK

GlaxoSmithKline

$43.27

0.76 (1.79%)

AZN

AstraZeneca

$44.61

0.69 (1.57%)

SNY

Sanofi

$45.54

0.23 (0.51%)

PFE

Pfizer

$36.63

0.19 (0.52%)

MRK

Merck

$82.39

1.09 (1.34%)

LLY

Eli Lilly

$106.97

-3.03 (-2.75%)

JNJ

Johnson & Johnson

$130.13

0.95 (0.74%)

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

12:32
10/23/19
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12:32
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12:32
Syndicate
Hexo announces C$70M private placement of convertible debentures »

Hexo Corp announced that…

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CRM

Salesforce

$145.02

2.75 (1.93%)

12:30
10/23/19
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12:30
Options
Heavy delta short term call buyer in Salesforce »

Heavy delta short term…

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  • 16

    Dec

DYMEF

DionyMed Brands

$0.00

(0.00%)

12:29
10/23/19
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12:29
Hot Stocks
DionyMed Brands receives court application seeking to appoint receiver »

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CMG

Chipotle

$785.08

-46.605 (-5.60%)

12:29
10/23/19
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12:29
Periodicals
Hedgeye sees 30% downside in Chipotle, adds to Best Idea Short List 

Reported by Bloomberg.

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  • 12

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BA

Boeing

$340.95

3.5 (1.04%)

, CAT

Caterpillar

$133.30

-0.39 (-0.29%)

12:28
10/23/19
10/23
12:28
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12:28
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been a bit…

BA

Boeing

$340.95

3.5 (1.04%)

CAT

Caterpillar

$133.30

-0.39 (-0.29%)

TXN

Texas Instruments

$120.05

-8.56 (-6.66%)

LLY

Eli Lilly

$106.95

-3.05 (-2.77%)

FB

Facebook

$184.57

2.3 (1.26%)

ADI

Analog Devices

$106.03

-4.88 (-4.40%)

MCHP

Microchip

$93.22

-3.09 (-3.21%)

XLNX

Xilinx

$94.81

-1.2 (-1.25%)

NXPI

NXP Semiconductors

$104.12

-3.62 (-3.36%)

TNK

Teekay Tankers

$2.21

0.22 (11.06%)

WGO

Winnebago

$46.96

4.17 (9.75%)

TMO

Thermo Fisher

$296.86

15.97 (5.69%)

SNAP

Snap

$13.22

-0.78 (-5.57%)

REZI

Resideo

$9.06

-6.11 (-40.28%)

LRN

K12

$20.03

-4.81 (-19.36%)

CMG

Chipotle

$784.15

-47.535 (-5.72%)

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SPLK

Splunk

$117.82

7.41 (6.71%)

12:25
10/23/19
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Options
Splunk call volume above normal and directionally bullish »

Bullish option flow…

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TMO

Thermo Fisher

$297.03

16.14 (5.75%)

12:23
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Recommendations
Thermo Fisher analyst commentary  »

Thermo Fisher price…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
10/23/19
10/23
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/23/19
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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GPS

Gap

$17.60

-0.27 (-1.51%)

12:15
10/23/19
10/23
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12:15
Options
Gap put volume heavy and directionally bearish »

Bearish flow noted in Gap…

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PYPL

PayPal

$95.85

-1.55 (-1.59%)

, SYF

Synchrony

$34.88

-0.1 (-0.29%)

12:14
10/23/19
10/23
12:14
10/23/19
12:14
Earnings
Fly Intel: What to watch in PayPal earnings report »

PayPal (PYPL) is…

PYPL

PayPal

$95.85

-1.55 (-1.59%)

SYF

Synchrony

$34.88

-0.1 (-0.29%)

V

Visa

$171.35

0.46 (0.27%)

MA

MasterCard

$260.61

-0.69 (-0.26%)

FB

Facebook

$184.50

2.23 (1.22%)

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F

Ford

$9.04

-0.025 (-0.28%)

12:00
10/23/19
10/23
12:00
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12:00
Options
Large pre-earnings calendar spread in Ford ahead of earnings »

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TXN

Texas Instruments

$120.29

-8.32 (-6.47%)

11:50
10/23/19
10/23
11:50
10/23/19
11:50
Options
Aggressive post-earnings put seller in Texas Instruments »

Aggressive post-earnings…

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, FB

Facebook

$185.39

3.12 (1.71%)

11:48
10/23/19
10/23
11:48
10/23/19
11:48
Periodicals
Bitcoin falls amid Zuckerberg testimony on Facebook's Libra, Bloomberg says »

Bloomberg's Claire…

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

FB

Facebook

$185.39

3.12 (1.71%)

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