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TMO marked all-time highs prior to the next financial report

Published: October 17th, 2020 - 9.40am EDT

Thermo Fisher Scientific Inc. ($TMO) stock is trading at an all-time high yesterday looking forward to the forthcoming Q3 quarter earnings report. Stock just changed a 0.87% closing at $468.59 and marking the new all-time highs at $473.84. These all-time highs come after hitting other 3 highs in the previous days

TMO will host the earnings call on Wednesday next week. Market analysts analysts estimate earnings per share (EPS) of $4.31, that is a 10.8% more than Q2. Sales estimates for fiscal third-quarter are $0.00.

Stocks releasing earnings often show a much higher volatility in its price action while market is closed and the session after. This extended trading range in price means that your stop-loss orders may become useless or may trigger far from your aimed price. Have a look company's website to confirm time and details on the earnings call and the earnings report.

On October 5, JPMorgan Chase & Co. posted a target price of $480.00, with a bullish rating. The guidelines issued by financial analysts are not a buy or sell advice for small investors, so it is not desirable to follow them blindly.

Thermo Fisher Scientific Inc. provides analytical and other instruments, laboratory equipment, software, consumables, reagents, instrument systems, chemicals, supplies, and services worldwide. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery and production of new drugs and vaccines, and diagnosis of diseases to pharmaceutical, biotechnology, agricultural, clinical, academic, and government markets.. The stock belongs to the Diagnostics & Research industry in the Healthcare sector. The firm employs 75,000 people worldwide and has its headquarters in Waltham, United States. Its corporate website is http://www.thermofisher.com.

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