Published on 4 Apr 2024 on Zacks via Yahoo Finance
Thermo Fisher Scientific Inc. (TMO) is Attracting Investor Attention: Here is What You Should Know
Thermo Fisher Scientific (TMO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this maker of scientific instrument and laboratory supplies have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Medical - Instruments industry, to which Thermo Fisher belongs, has lost 0.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.