A Surprising Use For A Leveraged, Single-Stock ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
0mins
Source: Benzinga
Portfolio Armor Services: Portfolio Armor offers aggressive trading strategies for investors, such as buying shares of Super Micro Computer, while also providing a tool for risk-averse investors to create hedged portfolios based on their investment amount and risk tolerance.
Performance of Hedged Portfolios: An example portfolio created for a $30,000 investor with a 13% maximum drawdown achieved a 23.18% return over six months, outperforming the S&P 500, demonstrating the effectiveness of their hedging strategy.
Analyst Views on COO
Wall Street analysts forecast COO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COO is 90.33 USD with a low forecast of 73.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 82.540
Low
73.00
Averages
90.33
High
100.00
Current: 82.540
Low
73.00
Averages
90.33
High
100.00
About COO
The Cooper Companies, Inc. is a global medical device company. The Company operates in two business units: CooperVision and CooperSurgical. CooperVision segment is involved in the contact lens industry. CooperSurgical segment is involved in the fertility and women's health care market through its diversified portfolio of products and services, including fertility products and services, medical devices, cryostorage (such as cord blood and cord tissue storage) and contraception. CooperVision’s products include MyDay daily disposable, MyDay daily disposable toric, MyDay Energys, MyDay multifocal, Biofinity & Biofinity XR, Biofinity Energys. CooperSurgical’s portfolio includes INSORB, Lone Star, and the Doppler Blood Flow Monitor. It also offers a suite of single-use cordless surgical retractors with an integrated multi-light-emitting diode (LED) light source and dual smoke evacuation channels, and single-use surgical suction devices with an integrated, cordless radial LED light source.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
