RadNet Inc
Change company Symbol lookup
Select an option...
RDNT RadNet Inc
PNM PNM Resources Inc
ALB Albemarle Corp
AMBC Ambac Financial Group Inc
ASUR Asure Software Inc
MRK Merck & Co Inc
AMR Alpha Metallurgical Resources Inc
AAL American Airlines Group Inc
ADMS Adamas Pharmaceuticals Inc
MVIS MicroVision Inc
Go

Health Care : Health Care Providers & Services | Small Cap Blend
Company profile

RadNet, Inc. is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. As of December 31, 2016, the Company had in operation 257 MRI systems, 157 CT systems, 47 PET or combination PET/CT systems, 48 nuclear medicine systems, 479 X-ray systems, 279 mammography systems, 551 ultrasound systems and 104 fluoroscopy systems.

Closing Price
$22.80
Day's Change
-0.47 (-2.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.54
Day's Low
22.27
Volume
(Heavy Day)
Volume:
304,097

10-day average volume:
176,491
304,097

S&P 500, Nasdaq end at records as U.S. companies begin earnings blitz

4:27 pm ET April 26, 2021 (MarketWatch)
Print

By Sunny Oh and Joy Wiltermuth

Tesla, Apple, Alphabet, Microsoft and Amazon to deliver quarterly results this week

The S&P 500 and Nasdaq Composite finished at record highs on Monday, as investors looked ahead to one of the busiest weeks of earnings season and awaited a Wednesday update on the economic recovery from the Federal Reserve.

How did the major benchmarks do?

On Friday, stocks bounced back from a selloff the previous session triggered by reports President Joe Biden planned to push for a sharp rise in the capital-gains tax rate for Americans earning more than $1 million a year. Major benchmarks still suffered weekly losses, with the Dow down 0.5%, the S&P 500 off 0.1% and the Nasdaq Composite losing 0.3%.

Read: Capital-gains tax hike? Why the market bounced back so fast (https://www.marketwatch.com/story/capital-gains-tax-hike-why-the-u-s-stock-market-bounced-back-so-fast-11619202181)

What drove the market?

Two of the three major U.S. stock indexes ended above their prior closing highs Monday, with only the blue-chip Dow finishing at a slight loss.

"I don't expect any major increases in the indexes," said Peter Cardillo, chief market economist at Spartan Capital, in an interview. "But I think the bull remains fully in charge, at least for the moment."

Cardillo said the spotlight will be on the week's deluge of corporate earnings, wrangling over the Biden administration's capital-gains tax proposal and Wednesday's Federal Open Market Committee update and subsequent Fed Chair Jerome Powell press conference.

So far, it's been an upbeat earnings season, with 181 S&P 500 companies, including 10 Dow components, reporting results. Investors will hear from tech heavyweights, with results due after the bell Monday from electric car maker Tesla Inc. (TSLA) and later in the week by Microsoft Corp.(MSFT), Apple Inc.(AAPL), Google parent Alphabet Inc.(GOOGL)(GOOGL), Facebook Inc.(FB) and Amazon.com Inc.(AMZN).

"This week and next will provide the bulk of the remaining earnings. So far, results have far exceeded expectations. However, that hasn't translated into a further surge in stock prices. That supports the notion that even though analysts underestimated the power of the recovery, investors did not," said James Meyer, chief investment officer at Tower Bridge Advisors, in a Monday note.

Earnings Watch: Tesla and Big Tech are about to rev up the busiest week of earnings season (https://www.marketwatch.com/story/tesla-and-big-tech-are-about-to-rev-up-the-busiest-week-of-earnings-season-11619288756)

Through Friday, a quarter of S&P 500 companies had reported first-quarter results, leaving the index with the highest year-over-year growth in earnings since the third quarter of 2010, according to John Butters, senior earnings analyst at FactSet.

Analysts also expect double-digit earnings growth for the remaining three quarters of 2021, he noted. Above-average growth rates are due to a combination of higher earnings for 2021 and an easier comparison to weaker earnings in 2020 due to the negative impact of COVID-19 on numerous industries, he said.

Another trend to emerge has been more "inflation" mentions during earnings season (https://www.marketwatch.com/story/time-to-buckle-up-as-inflation-mentions-soar-during-earnings-calls-bofa-warns-11619461641?mod=markets)by companies in the S&P 500. And in a sign of the growing optimism and certainty around the economic backdrop, more companies were announcing merger and acquisition deals on Monday.

But even with the positive economic momentum, policy makers aren't expected to make any material changes to the current dovish monetary stance following the Fed's two-day policy meeting that concludes Wednesday.

Economic Preview:Tone of next week's U.S. economic data on track to be positive but the Fed will remain tone-deaf (https://www.marketwatch.com/story/tone-of-next-weeks-u-s-economic-data-on-track-to-be-positive-but-the-fed-will-remain-tone-deaf-11619285940)

"There is no question the Fed is going to have to acknowledge that the macro environment has been much stronger than expected, and that the economy likely is going to be showing explosive growth in the third and fourth quarters," Cardillo said. Even so, he doesn't expect to hear, yet, that the FOMC wants to taper its near $120 billion a month bond-purchase program.

Read:Why the Fed's focus on those hardest-hit by the pandemic matters for markets (https://www.marketwatch.com/story/why-the-feds-focus-on-those-hardest-hit-by-pandemic-matters-for-markets-11619270833)

At his Wednesday news conference, Powell's tone is unlikely to change much, analysts said. While the chairman's assertions that rates are unlikely to be lifted before 2022 will probably be challenged over the coming year, Powell is likely to stick to his position.

"While we believe the Fed is likely to act to contain inflation if it trends above 2.5% in the coming years, we see risk of the Fed being late to act or unwilling to risk damaging the economy short-term to contain inflation longer-term," David Bianco, chief investment officer, Americas, at DWS Group, wrote Monday. "For a long and prosperous cycle, the bond market must guard against inflation risk and be the disciplinarian for these fiscal and monetary policies."

Mark Hulbert:Why it'll take more than easy money from the Fed to keep sparking this bull market in stocks (https://www.marketwatch.com/story/why-itll-take-more-than-easy-money-from-the-fed-to-spark-this-bull-market-11619159724?mod=home-page)

March durable-goods orders rose 0.5% last month, falling short of forecasts for a 2.2% increase from February.

The data reflected a sharp decline in commercial and military aircraft sales but also pointed (https://www.marketwatch.com/story/u-s-durable-goods-orders-rebound-in-march-but-supply-shortages-still-gumming-up-the-works-11619441042)to the impact of shortages of supplies and raw materials that have gummed up supply chains.

Which companies were in focus?

How did other assets fare?

William Watts contributed reporting

-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 26, 2021 16:27 ET (20:27 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.