Summary: Thermo Fisher Scientific is a leading global scientific research, pharmaceutical, and biotechnology company. This guide will demonstrate how to buy Thermo Fisher Scientific stock using a regulated investing platform like eToro.
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About Thermo Fisher Scientific
Headquartered in Waltham, Massachusets, the company provides various science-related products, including instruments, reagents, consumables, and software. Its services have helped scientists advance in multiple domains of technology, such as genomics, proteomics, pharmaceuticals, and environmental analysis.
As of December 2023, Thermo Fisher Scientific is an S&P 100 component and occupies the 97th place on the Fortune 500 list with annual revenue of over $40 billion. The company strives to help its clients deliver scientific research to make the world healthier, cleaner, and safer, which makes it an ideal candidate for ESG investors.
How to buy Thermo Fisher Scientific stock: step-by-step
As a publicly listed business, Thermo Fisher Scientific takes investments from the general public, and you can freely buy its stock.
Investors can buy Thermo Fisher Scientific shares in the following five simple steps:
Step 1: Choose a broker
Before you purchase TMO stock, you need to secure access to the stock market. An online brokerage platform is the easiest way to speculate on stock prices.
To securely buy Thermo Fisher Scientific stock (TMO), we recommend the following:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Your preferences, investing style, and financial goals will make various platforms have different pros and cons. Still, certain factors can indicate the quality of the platform regardless of your taste. Consider the following:
- Range of offerings: Your brokerage’s list of assets should include TMO but also have a choice of other financial items such as different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. These instruments will help you diversify your portfolio once you establish a foothold in the market;
- Cost: Today, investing platforms commonly allow accounts with no minimum and 0% commission fees for stocks and ETFs. You should not accept anything less favorable;
- Regulation and security: Your platform needs to follow the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Validate the presence of two-factor authentication (2FA) policy and other advanced security measures;
- Fractional stock trading: Platforms that feature fractional stock trading allow you to buy stocks by the dollar amount, which benefits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
Step 2: Open and fund your account
Once you decide on an investing platform, you should open an account and verify it with your credentials. The instructions should arrive in your email inbox within a minute of registering.
After completing the verification process, you should transfer funds to your account. You can buy Thermo Fisher Scientific stock with the usual payment options like a bank transfer, debit or credit card, or a third-party transactional service such as PayPal (PYPL).
Step 3: Decide how much you want to invest in Thermo Fisher Scientific stock
Deciding on the precise amount of cash to invest in Thermo Fisher Scientific stock is vital to investing. Overextending could lead to adverse effects and result in a disaster. To prevent the worst consequences of an investment failure, consider the following course of action:
- Pay off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Deciding on the right sum also depends on your investing goals, risk-wariness, and investing approach.
Remember
Step 4: Place your order and buy Thermo Fisher Scientific stock
You should now place a trade order to purchase TMO stock. Perform the following steps:
- Step 1: Log into your account and find the company’s ticker TMO on the brokerage platform;
- Step 2: Type in the cash amount or the number of Thermo Fisher Scientific shares you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Step 5: Monitor and manage your Thermo Fisher Scientific stock investment
After receiving the Thermo Fisher Scientific shares, the investing process continues since you still have to manage and monitor your investment portfolio. Updating your investment with fresh research and new insights increases your financial undertakings’ efficiency and potential profit.
Keep a close look at the science-related industry sector and Thermo Fisher Scientific’s performance on the market to accurately predict the direction of the TMO price. Additionally, you should track the company’s media coverage and the pace of new technology adoption across the board, as these can all profoundly affect the stock’s value.
Thermo Fisher Scientific stock price today
Pros and cons of buying Thermo Fisher Scientific stock (TMO)
Pros
- Stable growth: Thermo Fisher Scientific has a long tradition of continuous revenue and earnings growth. While historical performance does not guarantee future gains, the company deals in industries with long-term growth potential, such as scientific research, healthcare, and life sciences;
- Market leader: Thermo Fisher Scientific is the biggest player in several product categories, giving it an edge over competition and allowing it to dictate premium prices;
- Innovation: Thermo Fisher Scientific invests heavily in research and development, remaining at the helm of technological advancements and providing cutting-edge solutions to its clients.
Cons
- Cyclicality: While its diverse product portfolio protects it from some hazards, Thermo Fisher Scientific is not immune to economic cycles. An economic downturn can still harm its sales;
- Regulatory risks: As a healthcare and life sciences company, Thermo Fisher Scientific is susceptible to regulatory changes and potential product recalls, which can impact financial performance;
- Controversies: The company received some drawbacks due to discussions regarding its deals with the PRC regarding Tibet and Xinjiang. If this trend continues, it could lead to further reputation tarnish and a decline in sales.
Common mistakes to avoid when buying Thermo Fisher Scientific stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the company and stock in detail, along with the market state of the related industries, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Thermo Fisher Scientific stock
Where is the company’s stock listed?
Thermo Fisher Scientific trades under the TMO ticker on the New York Stock Exchange.
How do I buy Thermo Fisher Scientific stock?
You can buy Thermo Fisher Scientific stock using a regulated online investing platform like eToro.
Should I invest in Thermo Fisher Scientific stock?
The answer depends on your opinion of the company’s future, investing style, and preferences. Read the pros and cons of investing in TMO in this guide to help you decide.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
