Jul 31, 2017

Wall Street investors favor airlines using artificial intelligence

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AI's health care hype

Illustration: Sarah Grillo/Axios

Two new studies highlight artificial intelligence's potential to improve patient care, specifically by aiding or improving cancer detection.

Why it matters: AI could create enormous benefits for patients and the doctors who treat them, but some experts warn that the explosion of new health technology could put some patients in danger, as the L.A. Times and Kaiser Health News recently reported.

Go deeperArrowJan 7, 2020

Health care profits dip, but stocks soar

Data: FactSet; Chart: Axios Visuals

Health care industry earnings fell 18% in the third quarter of this year, compared with the same period in 2018, due in part to the costs associated with opioids litigation, according to the Axios tracker of almost 170 health care companies.

Yes, but: The industry still churned out a 6.1% profit margin, and health care stocks are at the highest they've been all year because Wall Street foresees a very profitable election year.

Go deeperArrowDec 17, 2019

The S&P 500 could be overvalued

The New York Stock Exchange on Jan. 8. Photo: Xinhua/Wang Ying via Getty Images

The S&P 500 is too rich on a number of levels, according to calculations in a new paper from Ned Davis Research that examines the index's price to earnings, profits and price to sales.

What's happening: Not only is the benchmark stock index's current P/E ratio "well above fair value," S&P companies' prices relative to sales is at a record high, “well in excess of what they were in 2000 or 2007 at those peaks,” Ned Davis, the company's senior investment strategist, says in a note to clients.

Go deeperArrowJan 9, 2020