(SRGA) – FDA Clears Surgalign’s HOLO Portal Surgical Guidance System For Spine Procedures

The FDA has granted 510(k) clearance for Surgalign Holdings Inc’s (NASDAQ: SRGA) HOLO Portal surgical guidance system for use within lumbar spine procedures. 

  • The Company says that the HOLO Portal system is the world’s first artificial intelligence (AI)-driven augmented reality (AR) guidance system for the spine and the first clinical application of Surgalign’s HOLO AI digital health platform.
  • The HOLO Portal system combines machine learning-based image guidance technology with AR, automated spine segmentation (i.e., anatomy recognition), and automated surgical planning utilizing proprietary AI software. 
  • Related content: Benzinga’s Full FDA Calendar.
  • The AI system autonomously processes intraoperative images to create a patient-specific plan presented to the surgeon using the AR display.
  • Preliminary Q4 and FY21 Results: For Q4 FY21, Surgalign expects sales of $21.5 – $21.9 million.
  • For FY21, the Company sees sales of $90.2 – $90.6 million, better than the previous guidance of $88 million – $92 million.
  • As
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(AMC), Gamestop Corporation (NYSE:GME) – Wall Street Fund Managers Tracking Retail Traders On Social Media And Message Boards

The behavior of retail traders is becoming a key focus of Wall Street fund managers, as the smart money is now tracking social-media posts to determine the sentiment of the crowd.

  • The Wall Street Journal reports that 85{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} of hedge funds and 42{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} of asset managers are now monitoring retail-trading message boards, according to a survey by Bloomberg Intelligence.
  • JPMorgan Chase & Co (NYSE: JPM) introduced a new data product in September 2021 that indicates which securities individual investors are likely to buy and sell.
  • About 50 clients, including some of the largest asset and quant managers, are testing the product, which includes data on which sectors and stocks are being talked about on social media.
  • JMP Securities estimates that 15 million Americans signed up for brokerage accounts in 2021. Their power was witnessed when retail traders on r/WallStreetBets subreddit banded together to spike the price of stocks like GameStop
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Why Apple’s Delay In Launching A Much-Awaited AR/VR Headset Makes Sense: Analyst – Apple (AAPL)

Apple Inc (NASDAQ:AAPL) is reportedly delaying the launch of its mixed reality headset until the end of 2022 or later. The delay has to do with development challenges related to overheating, cameras and software.

Delay Makes Sense: Apple’s decision to delay the product makes sense, given the AR/VR headset is a complex product with complex development cycles, supply chain and development technology, Loup Funds analyst Andrew Murphy said in a discussion on Loup TV.

A potential launch of the product around Apple’s Worldwide Developers Conference 2023 would work well for Apple, say Loup Funds analysts. This will help the developer community get behind the product and make it ready from a software perspective as well as apps and features, Loup Funds’ Managing Partner Gene Munster said.

Related Link: 7 Tech Predictions For 2022: Apple-Facebook Face-Off In Metaverse, Tesla Reigns Supreme, Quantum Takes A Big Leap, And More

The firm’s analyst

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Is Dogecoin Finally Moving Up And Making A Reversal? – Dogecoin – United States Dollar ($DOGE)

Dogecoin (CRYPTO: DOGE) is trading higher Friday in a crypto market that is seeing a green day. Dogecoin has crossed back above the 50-day moving average, showing the coin has seen some bullish sentiment in the past few days as bulls have been able to push the price higher.

Dogecoin was up 12.03{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} at $0.1898 Friday afternoon at publication.

See Related: Dogecoin Cracks Below A Key Support Level And The Chart Is Doing A Downward Dog

Dogecoin Daily Chart Analysis

  • Dogecoin is having a green day and looks to have possibly started an uptrend. If the crypto can continue to form higher lows, it may be able to climb toward resistance. Resistance has been formed near the $0.35 level while the crypto was just able to bounce off support at the $0.15 level.
  • The crypto crossed above the 50-day moving average (green) but trades below the 200-day moving average (blue).
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Mike Khouw Looks At Rocket Companies’ Options Activity: More Weakness Ahead? – Rocket Companies, Inc. (RKT)

Shares of Rocket Companies Inc (NYSE:RKT) have lost over 30{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} over the past year and are down close to 6{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} year to date.

On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said the stock traded 7.6 times its average daily put volume on Thursday.

See Also: Rocket Mortgage Super Bowl Squares Sweepstakes Returns For A Big Third Year

A large bearish bet came in the form of the purchase of 25,000 of the March 14/10 put spreads for an average price of $1.04 per contract, Khouw mentioned. The trade represents 2.5 million shares.

The trader expects shares of Rocket Companies to lose as much as 28{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} over the next couple of months.

“So, at least one institutional investor sees further weakness ahead,” Khouw said.

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