Starter Stock Portfolio: 5 Safe Stocks To Invest In Now

In this article, we will be taking a look at 5 safe stocks to invest in now. To read our detailed analysis of current stock market news, you can go directly to see the Starter Stock Portfolio: 12 Safe Stocks To Invest In Now.

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

Number of Hedge Fund Holders: 111

Thermo Fisher Scientific Inc. (NYSE:TMO) is a life sciences tools and services company based in Waltham, Massachusetts. It offers life sciences solutions, analytical instruments, specialty diagnostics, and more.

RBC Capital analysts maintained a $642 price target and an Outperform rating on Thermo Fisher Scientific Inc. (NYSE:TMO) on February 1.

There were 111 hedge funds long Thermo Fisher Scientific Inc. (NYSE:TMO) in the fourth quarter, with a total stake value of $10.3 billion.

Generation Investment Management mentioned Thermo Fisher Scientific Inc. (NYSE:TMO) in its fourth-quarter 2023 investor letter:

“In each quarterly letter we share examples from the portfolio that bring our investment process to life. This quarter we focus on Thermo Fisher Scientific Inc. (NYSE:TMO), a provider of healthcare products.

In recent years advances have accelerated. The large-scale use of mRNA vaccines during the COVID pandemic – the first major application of these vaccines – is just one example. Similar advances in drug development have allowed medicines to be developed for hard-to-treat diseases like Alzheimer’s, as well as to treat and perhaps cure diseases that previously eluded treatment.

To push innovation forward, researchers need tools to ask the right questions, run experiments to test hypotheses and in turn draw insights. These tools encompass high-specification instruments, high-purity reagents, powerful software and a variety of specialised services. An ecosystem has developed of companies that specialise in providing these tools. We often think of them as providing the ‘picks-and-shovels’ to researchers who are mining for the gold once obscured by nature…” (Click here to read the full text)