Novo Nordisk (NVO) Is a Good Short-Term Pick, Wealth Manager Says
Novo Nordisk (NVO), which develops weight-loss drugs, looks poised to perform well over the short term, Rebecca Walser, the founder and principal of Walser Wealth Management, told Schwab Network recently.
Walser also identified semiconductor equipment maker Lam Research (LRCX) as a good pick for the near term.
Khosro/Shutterstock.com
Why Walser Is Bullish on NVO
NVO is 57% below its all-time high, and President Donald Trump recently directed his administration to work with Congress to increase the amount of time that drugs can be sold to Medicare without the government negotiating the prices to 13 years from nine years, Walser reported. The extra four years of "proprietary pricing" that NVO could receive from Congress for its weight-loss drugs would meaningfully help the company, according to the wealth-management professional.
Meanwhile, NVO has a dividend yield of 2.4%, she pointed out.
Why Walser Is Upbeat on LRCX
Lam Research is 40% below its all-time highs and has "a decent growth trajectory," the wealth-management professional said. She suggested that LRCX could make a positive announcement or deliver strong earnings in the near term. The company is expected to unveil its quarterly earnings tomorrow.
While we acknowledge the potential of NVO, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVO but that trades at less than 5 times its earnings, check out our report about this .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
5 hours ago
- Time Business News
Health Department Awards Optus $33M Contract for Medicare Communications Infrastructure
The Department of Health has awarded Australian telecommunications giant Optus a $33 million contract to provide critical communications services underpinning Australia's Medicare and e-health systems, marking a significant vote of confidence in the carrier following recent cybersecurity challenges. The three-year deal, with potential extension to six years, was confirmed through a contract notification posted on the government's AusTender procurement website. The agreement consolidates Optus's position as a strategic telecommunications provider to the federal government. Under the arrangement, Optus will deliver what the company describes as 'a fully managed Network-as-a-Service (NaaS) solution for the Department of Health, Disability and Ageing, supporting its digital transformation.' The contract represents a consolidation of various telecommunications services previously spread across multiple arrangements. Optus has historically maintained substantial portions of the Health Department's carrier contracts, but the new deal brings together disparate services under a unified framework. The award comes as the Albanese government prioritizes securing core digital infrastructure supporting Medicare and broader e-health services. The telecommunications backbone provided under the contract will underpin the delivery of essential health services to millions of Australians. The deal also signals renewed government confidence in Optus following a turbulent period for the carrier. The company was among several major Australian corporations targeted by Russian-linked ransomware attacks, drawing criticism from former Home Affairs Minister Clare O'Neil. The cyberattacks resulted in the application of sanctions following what officials described as malicious raids on critical infrastructure providers. Despite these security challenges, the Health Department's decision to award the substantial contract to Optus suggests the government views the carrier as having adequately addressed previous vulnerabilities. The Network-as-a-Service model allows the Health Department to access telecommunications infrastructure without the need for significant capital investment in physical network equipment, while ensuring reliable connectivity for critical health system operations. The contract timeline provides flexibility for both parties, with the initial three-year term allowing for performance evaluation before potential extension to the full six-year period. This structure enables the government to maintain service continuity while preserving options for future procurement decisions. TIME BUSINESS NEWS
Miami Herald
12 hours ago
- Miami Herald
Social Security income tax deduction hits major roadblock
It wasn't long after President Trump announced the administration's "Big, Beautiful Bill" that it began to draw scrutiny, and then criticism. While the more than 1,000-page tome contains many major changes, one has been called out most often: passing it will add $2.4 trillion to the U.S. national debt. Don't miss the move: Subscribe to TheStreet's free daily newsletter The bill has most recently been the topic of an offensive attack from former special government employee Elon Musk, who started to post criticism of it within a week of leaving his duties at the Department of Government Efficiency (DOGE). Related: Social Security income tax deduction clears critical hurdle Other key voices share his point of view. Sen. Elizabeth Warren echoed Musk's naming of the bill as a "disgusting abomination," saying in a statement, "This bill will rip health care away from millions of people and still jack up the debt to fund trillions in tax breaks for billionaires and billionaire corporations." The bill passed the House on May 22, leading Republicans to cheer for its victory. But once it got to the Senate, it hit a wall - and that could lead to a problem for some older Americans who claim Social Security. While the bill has many elements that have raised eyebrows, one that seems like a positive is its handling of tax deductions for those on Social Security. Should the bill pass the Senate, it would have a positive impact on the way married couples 65 and older handle tax deductions, raising the standard deduction to $35,200, with an additional $8,000 "senior bonus" deduction. More Social Security: Social Security income tax deduction clears crucial hurdleDave Ramsey has blunt words on social security, 401(k)sShark Tank's Levon O'Leary warns Americans on Social Security problem "This expanded deduction is designed to provide financial relief to older taxpayers and would be available to those who take the standard deduction and those who itemize," said TheStreet's Senior Retirement Editor Robert Powell. Related: Scott Galloway sends bold statement on Social Security, US economy However, the deduction is hitting a major roadblock to becoming new law. As soon as the bill made it to the Senate, Republican voices started to clash over key issues within it. The disagreements have forced GOP lawmakers to consider making changes to the bill to reduce the deficit, looking at Medicare, the Defense Department, and the Federal Reserve for potential cuts. However, some members disagree on even considering these cuts. Sen. Josh Hawley (R-Mo.) has said "fiddling with Medicare" is a bad idea and that he's "counseled against it." Sen. Thom Tillis (R-N.C.) argues that the "no tax on tips" provision is a problem, arguing that it's not fair to those who work outside tipped industries. And another concern is that the bill would shift certain Medicaid and food stamp costs to states, which has some former governors worried. Several members who have said the legislation does not save enough money plan to vote against it, including Sens. Rand Paul of Kentucky, Ron Johnson of Wisconsin, Mike Lee of Utah, and Rick Scott of Florida. Republicans plan to meet on July 11 to continue discussion of the bill. July 4 has been named as the date by which it will be passed, but with the level of contention it's stirred up, it remains to be seen whether that will happen. Related: Social Security income tax deduction faces a growing threat The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
The Hill
12 hours ago
- The Hill
DOGE cuts face battle in House
The Big Story Some Republicans are voicing doubts about portions of the White House's request to claw back $9.4 billion in funds for foreign aid and public broadcasting programs, as the party looks to lock in cuts pursued by the Department of Government Efficiency (DOGE). © The Associated Press One House Republican estimated around 10 lawmakers have voiced concerns about the bill, but 'there's more concerns than people who have whipped 'no.'' 'And I think it's a broader concern about the rescissions process itself,' the lawmaker added. Speaker Mike Johnson (R-La.) — under heavy pressure from hardline conservatives eager to codify the DOGE cuts — is aiming to approve the bill in the coming days, setting the stage for another complicated week for GOP leaders. One of the largest concerns Republicans have with the package is the $1.1 billion in rescissions to the Corporation for Public Broadcasting, which helps fund NPR and PBS. Republicans have panned the outlets as biased, and President Trump signed an executive order in May to cease federal funding for both companies. But a handful of Republicans are worried about the impact the slashes will have in their districts. Other Republicans are investigating the cuts to USAID, which was one of DOGE's first targets. The Hill's Mychael Schnell has more here. Welcome to The Hill's Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue. Did someone forward you this newsletter? Subscribe here. Essential Reads Key business and economic news with implications this week and beyond: Hawley bill would raise minimum wage to $15 Sen. Josh Hawley (R-Mo.) wants to double the federal minimum wage to $15 per hour, with legislation filed Tuesday to increase the rate last bumped up nearly two decades ago. World Bank slashes growth outlook on trade concerns The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming from President Trump's trade war. Three dozen House Republicans urge Senate GOP against 'budget gimmicks,' deficit increases More than three dozen House Republicans are warning Senate GOP leaders against approving additional deficit increases or using 'budget gimmicks' to count additional savings in the 'one big beautiful bill' of President Trump's tax cut and spending priorities. Tax Watch Senate GOP divided over trimming cost of Trump bill Facing a jittery bond market and scathing criticism from Elon Musk, GOP lawmakers have expanded their search for ways to reduce the deficit by cutting Medicare, the Defense Department and the Federal Reserve — areas of the budget that were considered off-limits just a few weeks ago. But each new proposal is creating new divisions. Sen. Josh Hawley (R-Mo.) is warning colleagues to steer clear of cutting Medicare spending, even though proponents of the idea insist it would be targeted only on 'waste, fraud and abuse.' Other Republicans want to look at Medicare Advantage plans provided by private insurance companies as an alternative to traditional Medicare. They say 'fly-by-night' health care providers are abusing the program and bilking the federal government. Sen. Roger Marshall (R-Kan.) also said lawmakers are discussing a proposal sponsored by Sen. Bill Cassidy (R-La.) that could save up to $275 billion by cracking down on insurance companies that overcharge Medicare Advantage. The Hill's Alex Bolton has more here. DEADLINE SLIPPING?: Former Trump economic adviser Stephen Moore, who served in Trump's first term, told The Hill's Emily Brooks that GOP leaders' goal of advancing the One Big, Beautiful Bill by July 4 is likely too ambitious. 'I'd love to see that, but I think there's too many differences right now to get it done by Fourth of July,' Moore said. Read more here and sign up for Brooks's new newsletter The Movement here. The Ticker Upcoming news themes and events we're watching: In Other News Branch out with more stories from the day: US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear NEW YORK (AP) — U.S. stocks drifted closer to their all-time high on Tuesday as the wait continued … Good to Know Business and economic news we've flagged from other outlets: What Others are Reading Top stories on The Hill right now: Judge declines to block Trump's Corporation for Public Broadcasting firings but allows board members to stay Correction: A previous version of this article gave incorrect names of the fired CPB board members. They are Laura Ross, Diane Kaplan and Thomas Rothman. Read more Stephen Miller wages war on the GOP's libertarians The Movement is a weekly newsletter tracking the influence and debates steering politics on the right. Sign up here or in the box below. Read more What People Think Opinions related to business and economic issues submitted to The Hill: You're all caught up. See you tomorrow! Thank you for signing up! Subscribe to more newsletters here
