Why did Thermo Fisher Scientific rise on 5 October?
Written after the close on
Thermo Fisher Scientific +3.35%
Thermo Fisher rose sharply, lifted by analyst backing. Thermo Fisher Scientific Inc. (TMO on NYSE) was roughly flat over the last five trading days, lagging a market that rose clearly and holding up better than a healthcare sector that fell clearly. Proteomics is the large-scale study of proteins, and such discoveries support the long-term case for its life-sciences tools. Watch the late-October earnings report for the next real test of the story.
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