Yulia Slavina

TMDX up 54 percent from lows after earnings setback, Jonah Lupton notes

TMDX up 54 percent from lows after earnings setback, Jonah Lupton notes
TMDX rebounds 54 percent after Q1 slump

Jonah Lupton, investor and market commentator at Social Media / FinTwit, reports that many investors exited TMDX following its Q1 earnings setback, which he attributes mainly to compressed net income margins caused by increased spending on research and development, OCS trials, and international expansion.

Lupton notes, however, that TMDX has since rallied, rising 54 percent from its lows and approaching a technical milestone.

Lupton previously identified NBIS as his only long-term stock pick for the next three to five years following a recent earnings call and investment review, as reported in NBIS chosen as sole long-term stock, Jonah Lupton states. He has also covered post-earnings volatility in other names, noting HLIT's 28 percent surge before a retracement and BRUN's 18 percent jump followed by a reversal after their results in Jonah Lupton: HLIT and BRUN see sharp post-earnings swings and recoveries. These instances reflect Lupton's focus on earnings-driven price action in his recent market commentary.

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