August 28, 2023

BOSTON SCIENTIFIC JUMPS ON POSITIVE SURPRISE ON FARAPULSE FOR AFIB ABLATION

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

News

Boston Scientific (BSX) stock is jumping 6.25% to $53.92 as of this writing on a positive surprise from ADVENT study. Farapulse Pulsed Field Ablation is a system in which electric fields selectively ablate heart tissue in patients with atrial fibrillation. The study shows that the system is not inferior to radiofrequency or cryoablation that are now standard-of-care.

Approval

In The Arora Report Analysis, the system is likely to be approved by next year.

Model Portfolio

BSX is in the core Model Portfolio.

Aging Population

The population is aging. … Please click here or the title below to read more.

August 28, 2023

DON’T BUY INTO THE MOMO NARRATIVE THAT RECESSION PROBABILITY IS ZERO, CHINA PROPS UP STOCKS

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Recession Probability

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

The chart shows that the stock market has pulled back after touching the low band of the mini resistance zone.
The chart shows that the stock market is consolidating slightly above the top support zone.
RSI on the chart shows that the stock market is neither overbought nor oversold and can go in either direction from here.

… Please click here or the title below to read more.

August 28, 2023