AI and Health Care Is a Potent Combo — but Avoid Medtronic Stock

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AI and Health Care Is a Potent Combo — but Avoid Medtronic Stock

  • We’re finding more uses for artificial intelligence … especially in health care.

  • Our Stock Power Ratings system tells you which stocks are good investments … and which one’s aren’t.

  • Today’s Stock to Avoid is a medical tech company that rates a “High-Risk” 18 out of 100 on our proprietary system.
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Matt Clark,
Research Analyst

I read an interesting article about artificial intelligence (AI) last week.
Researchers used the popular AI chatbot ChatGPT to take the three-part U.S. Medical Licensing Exam — the same tests medical students take to become doctors.

Without any specialized training, the AI program either passed or came close to passing all three exams.

It shows just how far AI tech has come … and what its potential can be.

That may be most true in the health care field.

But with our Stock Power Ratings system, you can see that, while AI tech has a long runway ahead of it, some AI-related stocks are not buys now.

Click here to see why Medtronics PLC (Nasdaq: MDT) fits that bill.

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World's 3 Richest Men Are Raving About "Imperium" — Why?

Take a look at this image of the Bloomberg Billionaires Index…

The four men circled here have a combined net worth of over $600 billion.

And right now, they have ONE thing in common.

They’re all throwing their weight behind a new technology I call “Imperium.”

Musk says Imperium is “amazing” … Gates says it will be “one of the most powerful technologies of the 21st century” … and Bezos and Zuckerberg are invested to the tune of billions of dollars combined.

Want to know why?

Click here to discover why the world’s richest men are piling into Imperium…

Bad News for Consumers and the Economy

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Michael Carr,
Editor, The Banyan Edge

Almost every economic data release includes both good and bad news now.

That could show an economy in transition from growth to contraction.

The chart below shows an economy in transition.

You can see the inventory-to-sales ratio for manufacturers (blue line), wholesalers (green line) and retailers (red line).

Historically, retailers have held the most inventory relative to sales.

The ratio has been low since the pandemic and is now lower than the other groups.

This indicates retailers should buy more to restock shelves, and that’s bad news for consumers since low inventories mean fewer discounts.

Manufacturing inventories rose before the pandemic but have been drawn down below pre-pandemic lows.

This could indicate they are preparing for lower output. Put another way: a recession.

Bottom line: All of this is bad news for the economy.

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