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Why Viking Therapeutics (VKTX), HEICO Corporation (HEI), and ABM Industries (ABM) Stocks Are Plunging Today?

The shares of Viking Therapeutics (NASDAQ:VKTX), HEICO Corporation (NYSE:HEI), and ABM Industries (NYSE:ABM) are all sinking sharply today.

Viking Therapeutics (NASDAQ:VKTX) has developed an anti-obesity drug, while HEICO Corporation (NYSE:HEI) sells components for airplanes and ABM Industries (NYSE:ABM) Industries provides various functions for offices, such as janitorial and parking services.

A person with a cell phone who is looking for new stocks

Viking Therapeutics (NASDAQ:VKTX), whose shares are sinking about 10%, is retreating along with a number of  other companies in the anti-obesity space. These names are falling after Merck (MRK) disclosed that it would collaborate with China-based drug maker Hansoh (HNSPF) to create an oral anti-obesity drug.  The deal marks the first time that Merck has entered the anti-obesity space.

HEICO Corporation (NYSE:HEI) is sinking after its fiscal fourth quarter sales came in at $1.01 billion, which was $20 million below analysts’ average estimate. However, its revenue did increase 8% versus the same period a year earlier, and it generated earnings per share of 99 cents, versus analysts’ mean estimate of 98 cents.  The company reported its financial results yesterday after the market closed.

Finally, ABM Industries (NYSE:ABM) Industries is dropping after the firm reported this morning that its adjusted EBITDA had sunk 11% during its fiscal Q4 versus the same period a year earlier to $128 million. Additionally, its operating profit tumbled 82% year-over-year to $19.2 million.

While we acknowledge the potential of VKTX, HEI and ABM our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VKTX, HEI and ABM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.

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China’s terrifying internet “Master Key”… and the one microcap that could stop them

In August 2024, news outlets around the world revealed one of the most shocking data breaches in recent history.

Approximately 2.9 billion records, including names, email addresses, phone numbers, mailing addresses, financial data and, distressingly, Social Security numbers, were stolen when Coral Springs, Florida, firm National Public Data (NPD) suffered a massive cyberattack. The company confirmed that the breach, which happened in December 2023, resulted in the potential leaks of data in the summer of 2024.

Nearly every day in the news, we hear about yet another damaging data breach or ransomware attack that puts valuable data — including yours — into the hands of hackers. And the number of attacks is soaring — up 30% year over year according to the latest numbers.

As bad as this is, it’s a day at the beach compared to what’s coming.

That’s because hostile nations across the globe — including Iran, North Korea, Russia and Communist China are going all-out to develop a breakthrough technology that will unlock what I call the “Master Key” to the Internet.

If they succeed in harnessing this groundbreaking “Master Key” technology, the consequences could be catastrophic.

Click to continue reading…