Diamonds and Dogs
Robots are taking over the world, and making surgery safer for anyone under the knife. Intuitive Surgical (ISRG) hit a new 52 week high today of $580 per share thanks to better than expected earnings of $5.18 a share easily beating estimates of $4.11 per share. The company designs and manufactures the da Vinci Surgical System that allows surgeons to work through small ports instead of open surgery. Revenue also beat expectations by $24 million coming in at $676 million. With so many stocks making 52 week lows it's nice to write about a stock making a new high. Only 14 stocks made new highs today.
Do you have a platinum card, because it might not be worth as much as it use too. American Express Company (AXP) is down 12.5% today making a new 52 week low along with a 7 year low due to disappointing earnings and flat guidance year over year. The credit card giant which counts Warren Buffet as a shareholder has lost about a third of their value over the last year as investors steadily lose faith in the company's direction and its long-tenured CEO Ken Chenault. 2105 has not been kind to Warren Buffett's shares or his holdings in IBM or American Express.