10 Best Dip Stocks to Buy According to Billionaires

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1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Price: $408.28 

52 Week Range: $385.46 – $627.88 

Number of Hedge Fund Holders: 101

Number of Billionaire Investors: 16

Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the 10 Best Dip Stocks to Buy According to Billionaires. On July 3, Thermo Fisher Scientific Inc. (NYSE:TMO) announced receiving FDA approval for its Oncomine Dx Express Test on the Ion Torrent Genexus Dx Integrated Sequencer.

After the approval, this test is now authorized as an in vitro diagnostic and as a companion diagnostic for Dizal’s ZEGFROVY. ZEGFROVY is a targeted therapy for non-small cell lung cancer patients with EGFR exon 20 insertion mutations. The test is also approved for broader tumor profiling in solid tumors, detecting mutations across 46 genes with clinical or potential clinical significance.

This is a significant achievement as it brings rapid next-generation sequencing closer to patients. The technology can deliver crucial genomic results in as little as 24 hours. This speed is important for cancer care, as delays in obtaining tumor profiles can prevent patients from receiving timely treatments.

Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company that is focused on accelerating research, solving complex analytical problems, boosting laboratory efficiency, and improving patient health.

While we acknowledge the potential of TMO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TMO and that has 100x upside potential, check out our report about this cheapest AI stock.

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