Two Promising Growth Stocks for Long-Term Investment

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Intuitive Surgical and Amazon Post Strong Quarterly Results

Intuitive Surgical reported a Q2 2023 revenue of $2.44 billion, up 21% year over year, with diluted earnings per share of $2.19, reflecting a 23% increase. The company installed 395 da Vinci systems during the quarter, which included 180 units of the latest da Vinci 5 model. Amazon’s Q2 results showed net sales of $167.7 billion, a 13% increase year over year, with operating income at $19.2 billion. The Amazon Web Services (AWS) segment alone saw revenue rise 17% year over year to $30.9 billion.

Intuitive Surgical anticipates a procedure growth rate of 15.5% to 17% for 2025, while Amazon’s various business segments, including retail and advertising, continue to reinforce one another, positioning both companies for long-term success. Both companies’ price-to-earnings ratios stand at 65 and 34 respectively, highlighting their growth but also presenting investment risk.

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