5 Best Stocks In Each Sector

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In this article, we discuss the 5 best stocks in each sector. To read the detailed analysis of how the sectors performed in 2023, go directly to the 12 Best Stocks In Each Sector.

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

Market Sector: Healthcare

Number of Hedge Fund Holders: 109

Thermo Fisher Scientific Inc. (NYSE:TMO) is a biotech company that was founded after the merger of Thermo Electron and Fisher Scientific. The corporation offers medical equipment, analytical instruments, reagents and consumables, software, solutions, and related services.

On November 21, Thermo Fisher Scientific Inc. (NYSE:TMO) announced that it had agreed to partner with EDX Medical Group for multiple projects for the development and possible commercialization of several proprietary qPCR assays, tools to carry out the presence of mutant genes.

On November 14, Thermo Fisher Scientific Inc. (NYSE:TMO) reported the authorization for the repurchase of $4 billion worth of shares of its common stock, which will replace the ongoing repurchase authorization, of which $1 billion was left.

Thermo Fisher Scientific Inc. (NYSE:TMO) was mentioned in Weitz Investment Management’s second-quarter 2023 investor letter. Here is what it said:

“Portfolio activity this quarter included opportunistically initiating a position in life sciences tool and equipment maker Thermo Fisher Scientific Inc. (NYSE:TMO), a long-time holding of other Weitz portfolios, at an attractive valuation.”

Follow Thermo Fisher Scientific Inc. (NYSE:TMO)

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