In Thursday’s stock market, investors should watch Intuitive Surgical (ISRG) follow through on the rally. ISRG stock traded above $540, then settled at $527.03 (+13.89%) on Wednesday.
The robotic surgical supplier is poised to accelerate its growth. In the third quarter, the firm sold 240 da Vinci 5s systems. CFO Jamie Samath said on the company’s earnings call that the system performed nearly 67,000 procedures.
Intuitive increased its procedure growth rate target by 2%, to a range of 17% - 17.5%.
Halliburton (HAL) broke out of the $20 - $22 trading range to close at $26.31. The firm posted earnings falling from $571 million to $18 million ($0.02 compared to $0.65 a share last year). However, the firm plans to cut its capital spending plan by 30%, to $1 billion, in fiscal year 2026. North America revenue will fall by 12%-13% Q/Q in the current quarter (Q4).
Among the stocks that slumped, watch Netflix (NFLX). It lost 10.07% to close at $1,116.37 after posting Q3 results.
Strategy (MSTR) is in a perpetual downtrend that started in late July. It lost another 6.99% on Wednesday to close at $280.81.
Tesla’s (TSLA) magic might end today. The EV giant posted an 11.6% Y/Y increase in revenue, to $28.09 billion. CEO Elon Musk touted the Optimus robot that could become an excellent surgeon one day. He said that its cyber cab should be driving without safety drivers in Austin by the end of this year. He also mentioned that the company would bring AI to the real world.
TSLA stock potentially peaked at $450.
