5 Stocks to Gain as Service Side of the Economy Bounces Back [Yahoo! Finance]
CareCloud, Inc. (CCLD)
Company Research
Source: Yahoo! Finance
The increase in new orders signified the underlying strength in the non-manufacturing side of the economy despite sustained contraction in employment. Thus, at the moment, investing in service-oriented companies like CareCloud, Inc. CCLD, DaVita Inc. DVA, RadNet, Inc. RDNT, SkyWest, Inc. SKYW and American Express Company AXP seems judicious. U.S. Service Sector Humming The Institute of Supply Management noted that the non-manufacturing index (NMI) increased to 53.8% in May from April's reading of 49.4%. Analysts had estimated the NMI to inch higher to 50.7%. The NMI, incidentally, had fallen into the contraction territory for the first time in April since December 2022. Any reading below the 50% mark indicates a contraction. Nonetheless, the service sector activity barometer had expanded for the 46th time in the last 48 months, while 13 of the 15 non-manufacturing industries reported growth last month and squashed worries about any looming recession. Rise in Business Activ
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CCLD
News
- CareCloud Announces Results from Annual Shareholder MeetingGlobeNewswire
- Equity Markets Rally as Consumer Inflation Cools Ahead of Fed Decision [Yahoo! Finance]Yahoo! Finance
- Is CareCloud (CCLD) Stock Outpacing Its Medical Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing CareCloud (CCLD) Right Now? [Yahoo! Finance]Yahoo! Finance
- Despite Fast-paced Momentum, CareCloud (CCLD) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
CCLD
Earnings
- 5/14/24 - Beat
CCLD
Sec Filings
- 6/20/24 - Form 8-K
- 6/18/24 - Form PRE
- 5/14/24 - Form 10-Q
- CCLD's page on the SEC website