Latest news with #MDT
Yahoo
a day ago
- Business
- Yahoo
Medtronic plc (MDT): A Bull Case Theory
We came across a bullish thesis on Medtronic plc (MDT) on Investing Intel's Substack. In this article, we will summarize the bulls' thesis on MDT. Medtronic plc (MDT)'s share was trading at $80.68 as of 23rd May. MDT's trailing and forward P/E were 22.35 and 14.08 respectively according to Yahoo Finance. An assembly line of medical devices being packed for distribution. Medtronic PLC (MDT) delivered robust Q4 and FY2025 results, showcasing solid execution across its portfolio and setting the stage for a strategic transformation. Quarterly revenue grew organically by over 5% to $8.93 billion, with adjusted EPS up 11% to $1.62, and operating profit rising 7.6% year over year to $2.5 billion—or nearly 13% on a constant currency basis. For the full fiscal year, Medtronic generated $33.54 billion in revenue, up nearly 5% organically, and delivered $5.49 in adjusted EPS. Strength was broad-based across all segments, with cardiovascular and diabetes leading the charge—each posting 12% organic growth, underscoring renewed momentum in key franchises. In a major strategic move, Medtronic announced plans to spin off its diabetes business within the next 18 months, aiming to streamline operations, improve focus, and enhance margin profile. The spin-off will be internally led, suggesting continuity and deep institutional knowledge to support the transition. This separation reflects management's intent to unlock value and pursue more focused innovation, particularly in core segments like cardiovascular, neurovascular, and surgical robotics. The diabetes unit, despite recent growth, has historically lagged in profitability and innovation compared to Medtronic's higher-margin units, and its spin-off could help drive a re-rating of MDT shares. Investors now see a cleaner, more focused medical device company emerging, backed by stable cash flow, improving margins, and strong earnings momentum. If successfully executed, the spin-off may unlock hidden value, positioning MDT as a leaner and more agile player in medtech. Previously, we have covered Medtronic plc (MDT) in April 2025 wherein we summarized a bullish thesis by Magnus Ofstad on Substack. The author emphasized the company's ongoing transformation amid operational challenges and strategic realignment. The article highlighted activist investor Starboard Value's involvement as a potential catalyst for streamlining operations, pushing divestitures, and revitalizing innovation, particularly through platforms like the HUGO Robotic Surgery System. Despite trailing peers in growth and margins, MDT was framed as a defensive value play with upside potential if it successfully executes on its strategic pivot. Since our last coverage, the stock has traded mostly flat as of 27th March. Medtronic plc (MDT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held MDT at the end of the first quarter which was 67 in the previous quarter. While we acknowledge the risk and potential of MDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MDT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
SpaceX Starship test ends in explosion again, but Musk calls it ‘big improvement'
'Rapid unscheduled disassembly' has become a term of art in SpaceX's accounting of the fiery explosions that have marked recent test flights of the private space company's massive Starship/Super Heavy rocket booster package. Tuesday evening marked the third straight such occurrence when, in separate incidents, both the Starship spacecraft and Super Heavy rocket exploded before returning to the surface following a 5:37 p.m. MDT launch from SpaceX's Boca Chica, Texas launch facility. The Starship spacecraft successfully separated from the Super Heavy rocket and the capsule even made it to space, outpacing the previous eight test flights. But the booster exploded about six-and-a-half minutes into the mission as it was executing a 'landing burn' that requires a re-firing of engines to allow for a controlled landing of the reusable component. While SpaceX had successfully recovered its Super Heavy booster on the last two test flights, Tuesday's mission called for a hard splashdown in the Indian Ocean. The Starship capsule encountered issues shortly after it began its reentry into Earth's atmosphere when it began leaking fuel, spinning out of control and eventually exploding. In a social media post, SpaceX owner Elon Musk said in spite of the explosive endings, the ninth Starship test flight was a success and one that will help advance development of the program. 'Starship made it to the scheduled ship engine cutoff, so big improvement over last flight!,' Musk wrote on X. 'Also, no significant loss of heat shield tiles during ascent. Leaks caused loss of main tank pressure during the coast and re-entry phase. Lot of good data to review.' While the Super Heavy booster rocket performed to expectations on the previous two test flights, the Starship capsule exploded less than 10 minutes after launch of both the seventh and eighth missions. Musk also noted that SpaceX is poised to increase the pace of Starship/Super Heavy test launches from its Texas site, which had previously been limited to five per year by the FAA. But earlier this month, the agency gave SpaceX the go-ahead for 25 launches and up to 50 landings each year. 'The FAA has determined that modifying SpaceX's vehicle operator license to support the increased launch and landing cadence would not significantly impact the quality of the human environment,' the FAA wrote in its decision. Under development for years, SpaceX's Starship system consists of the 164-foot tall Starship spacecraft and the 233-foot tall Super Heavy rocket booster. The massive booster is powered by 33 individual Raptor engines that, in unison, create nearly 17 million pounds of thrust. The methane-powered system dwarfs the former record held by NASA's Space Launch System, which flew a successful test flight last November and can achieve almost 9 million pounds of thrust. SpaceX describes Starship as 'a fully reusable transportation system designed to carry both crew and cargo to Earth orbit, help humanity return to the moon, and travel to Mars and beyond.' As SpaceX does with its workhorse Falcon 9 rockets, the Starship system is designed for booster return and reuse capabilities. The company has been successfully recovering Falcon 9 boosters for nine years, employing a remote controlled, floating landing pad typically deployed off the coast of Florida. Starship is capable of lifting as much as 250 tons into space and could accommodate 100 people on a potential trip to Mars. SpaceX has its own plans for putting the Starship to work once it becomes operational, ferrying satellites to low Earth orbit and potentially carrying paying passengers to space. But NASA is also vested in successful development of the giant rocket system, having struck a multibillion-dollar deal with SpaceX in hopes of making Starship part of the Artemis moon mission. Starship's upper stage spacecraft would be used to carry astronauts from lunar orbit to the surface of the moon but the NASA contract stipulates that SpaceX must first prove its abilities by performing a successful unmanned lunar landing.
Belfast Telegraph
3 days ago
- Health
- Belfast Telegraph
Taoiseach ‘very worried' about email from clinical director at Cappagh
Micheal Martin said there needs to be an 'exhaustive' review of unnecessary hip surgeries at two Dublin hospitals. He was responding to People Before Profit-Solidarity TD Paul Murphy during Leaders' Questions in the Dail on Wednesday. It comes after a clinical audit of surgeries for dysplasia of the hips in children found that a lower threshold for operations was used at CHI Temple Street hospital and the National Orthopaedic Hospital Cappagh (NOHC) than the threshold used at CHI Crumlin. The review discovered that in the period 2021 to 2023 almost 80% of children operated on at the NOHC, and 60% of those at Temple Street, did not meet the threshold for surgery. The 2,259 children who underwent hip surgeries in the three hospitals (NOHC, CHI Temple Street and CHI Crumlin) from as far back as 2010 will now be subject to clinical reviews. Mr Murphy told Mr Martin about an email from a clinical director at Cappagh which ordered an end to multidisciplinary teams considering the cases of patients listed for pelvic osteotomies, instead deferring to the decision of the individual consultant involved. He said the senior management team at the hospital was also CCd on the email in November 2023. He quoted: 'Recently, it has become apparent that many children listed for pelvic osteotomies are being cancelled or are having their surgery deferred at short notice thereby causing inefficiencies on surgical lists. 'Following a meeting today, I have decided that patients listed for pelvic osteotomies will no longer be discussed at the MDT 'It will be up to the patient's individual consultant to review the X-ray and decide if they wish to proceed.' Mr Murphy said surgeries were being cancelled because other surgeons on the MDT thought they were unnecessary, adding: 'Instead of saying there was something wrong here, the clinical director said 'we'll stop discussing them at the MDT and it'll be fully in the hands of the original surgeon to decide'.' Mr Murphy also told the Dail about the experiences of a a mother of two daughters, Amelia and Hannah, and a surgeon at Temple Street. He said the mother felt 'unduly and inappropriately' pressured by the surgeon ahead of two osteotomies on Amelia's hips. Later, her younger sister Hannah was spotted by the same surgeon while she was in the hospital for an eye issue. Mr Murphy said the surgeon insisted that she also needed two osteotomies despite the family being told by a doctor at the Coombe that this was not necessary. The surgeries on Hannah did not proceed. He said this was a 'chilling example' of the experiences of parents. He questioned whether there was financial motivation as if the operations had been carried out under private health insurance, the surgeon would have made 1,500 euro for the first hip and 750 euro for the second. He said this may have a 'significant distorting effect and was an 'example of the poisonous role of private profit in what should be a public health system'. In response, the Taoiseach said he did not know the reasons behind the decisions which were taken and cautioned that 'private does not mean unethical'. On the email read out by Mr Murphy, Mr Martin said he was not aware of who the clinical director was but described it as a 'serious issue'. 'That seems to be a shutting down of the multidisciplinary team and the multi-disciplinary approach is a safeguard against wrongdoing or poor practice or ill-informed decisions – because the collective can inform. 'And I've met many, many consultants who will say it's the collective approach as to whether we do surgery or not. 'Medicine is not an exact science, that's why the collective is important. He added: 'So I would be very, very worried about the suspension of the MDT team in respect of assessing the necessity for operations in this area.' Mr Murphy also asked the Taoiseach if he believed the surgeons who performed unnecessary operations should be suspended or at least prevented from carrying out osteotomies until an audit into the matter is verified. Mr Martin said Amelia and Hannah's mother should formally refer the matter to the Medical Council or the authorities in CHI. He said there was an onus on the Medical Council to be proactive on the issue as the professional regulator. He said the CHI also needs to satisfy itself that there is no danger to future patients and that the working environment is safe. Asked if there should not be an onus on parents to request a review, Mr Martin agreed and said there should be an exhaustive examination of cases.
Business Wire
4 days ago
- Business Wire
Union Pacific's Big Boy 4014 Will Make Two Whistle-Stops in Colorado During Limited 2025 Excursion
OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Railroad announced today its legendary steam locomotive, Big Boy No. 4014, will make two whistle-stops in Greeley, Colorado, this summer as part of a limited summer excursion. Big Boy will be accompanied by Union Pacific's No. 1616 Lincoln Locomotive, the railroad's newest commemorative locomotive, which honors Abraham Lincoln's role in uniting the nation through rail and laying the foundation for America's freight rail network. As part of this year's summer excursion, the Union Pacific Railroad Museum will auction off four exclusive cab rides between Cheyenne, Wyoming, and Denver, Colorado. All proceeds will go to the museum, a nonprofit that shares American history through the lens of the railroad. For more details of the June auction, visit Although this year's excursion is limited, Big Boy will return to the rails in a big way in 2026 to celebrate America's 250 th anniversary. Stay tuned for details. The 2025 excursion: July 17 Cheyenne, Wyoming, departs 10 a.m. MDT Greeley, Colorado, 11:30 a.m.-12 p.m. MDT July 19 Greeley, Colorado, 8:30-8:50 a.m. MDT Cheyenne, Wyoming, arrives 10:30 a.m. MDT Twenty-five Big Boys were built during World War II, but only eight survived. No. 4014 is the only one of the eight still in operation and remains the world's largest operating steam locomotive. Union Pacific reminds all rail fans to keep safety top of mind and stay 25-feet back from the tracks when taking a picture or viewing the colossal locomotive. That means never take a picture or video standing on the track or the ballast and never climb on the locomotive or equipment. To stay informed about Big Boy's schedule and future steam excursions, please join the Union Pacific Steam Club at A map showing No. 4014's location and route will be available on ABOUT UNION PACIFIC Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at
Time of India
5 days ago
- Time of India
Two constables attacked for trying to stop loud DJ in UP; 2 held
Lucknow: Police personnel, who went to stop a DJ in Talkatora area, were beaten up and their uniforms were torn. The police registered a case and arrested two persons in this connection. Inspector Kuldeep Dubey said that constables Amit Kumar and Rinkal, posted in UP 112, were patrolling the area in a PRV vehicle on Thursday night. At around 12 o'clock at night, information was received about loud DJ music being played in Murau Tola. The police personnel, who reached the spot, saw that the DJ music was playing louder than the set standard and some people were fighting over the DJ. Both the policemen tried to pacify them. At this point, two persons, identified as Rahul and Rajiv Kumar, started pushing Kumar. When a fellow policeman protested, he was also beaten up and the uniforms of both were torn. When the constables took out an MDT (video recording and information gathering device) to make a video of the incident, the individuals tried to snatch it and break it. Upon receiving information from the constables, additional force from the police station arrived at the scene. Subsequently, Rahul and Rajiv were brought to the police station. "The police registered a case against the accused under sections such as obstruction in govt work, assault and other sections. They were arrested and sent to jail," said DCP, eest, Vishwajeet Srivastava.
