Globus Medical Inc
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Health Care : Health Care Equipment & Supplies | Mid Cap Growth
Company profile

Globus Medical, Inc. is a medical device company. The Company is focused on developing products for patients with musculoskeletal disorders. It is focused on products to treat patients with spine disorders. The Company's products fall under categories, which include Innovative Fusion and Disruptive Technologies. The Innovative Fusion category products include fusion products to treat spinal disorders for the entire spine, and they can be used in various surgical approaches. The Disruptive Technologies category represents a shift in the treatment of spinal disorders by allowing for surgical procedures and the treatment of spinal disorders. QUARTEX is its Occipito-Cervico-Thoracic (OCT) stabilization system. QUARTEX features a threading locking cap to enable low-torque. The Company's portfolio of approved and pipeline Disruptive Technology products includes products that allow for minimally invasive surgical (MIS) techniques.

Closing Price
$53.74
Day's Change
-1.06 (-1.93%)
Bid
--
Ask
--
B/A Size
--
Day's High
54.71
Day's Low
53.26
Volume
(Average)
Volume:
559,650

10-day average volume:
607,687
559,650

This 'world-class disruptor' is the next Netflix and will pay off in a big way for shareholders, trader says

7:31 pm ET July 5, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

Early last week, shares of Spotify Technology (SPOT)took a hit when Guggenheim analyst Michael Morris cut the stock to sell, on the belief that "the market is now pricing shares for blue-sky growth, which has made the risk-reward unattractive."

But that "blue-sky growth" is still in play, according to RiskHedge trader Justin Spittler (https://www.riskhedge.com/post/the-next-netflix-has-finally-revealed-itself), who claims Spotify will soon be in the "hall-of-famer" class alongside the likes of Netflix (NFLX) , Facebook (FB) and Google-parent Alphabet (GOOGL) .

Spotify is "rapidly becoming something of a monopoly in the audio industry," he wrote. "It's doing what Facebook did with social media... what Amazon (AMZN) did with online shopping... and what Google did with online advertising."

After a slow start to life in the public market, the stock has transformed from hated to loved, as you can clearly see by the parabolic move illustrated in this chart:

Spotify is currently valued at $50 billion, but Spittler sees exponential growth for the "world-class disruptor." He predicts the stock to hit "hundreds of billions" in market cap within a few years, thanks in part to its aggressive push into podcasts, including nabbing Bill Simmons and Joe Rogan.

Read:Kim Kardashian West to create social-justice podcast for Spotify (http://www.marketwatch.com/story/kim-kardashian-west-to-create-social-justice-podcast-for-spotify-2020-06-17)

"Much like Netflix did in streaming, Spotify has established itself as the world's No. 1 destination for podcasts," he wrote. "Spotify cornering the podcast industry should be THE biggest story in the business world. It's going to make Spotify an even stronger business than it is today."

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 05, 2020 19:31 ET (23:31 GMT)

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