Illumina Raises Revenue Forecast as Gene Sequencing Business is Booming


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Illumina

‘s systems are the dominant products used to read the sequence of letters in the genomic code of our DNA, and the San Diego-based company says that demand for gene sequencing is hot.

At the annual healthcare conference hosted virtually by JPMorgan Chase yesterday, Illumina said sales grew 39% in 2021 and that analysts’ forecasts for 2022 revenue were too low.

Sales could grow 14% to 16% this year, to as much as $5.24 billion, said Illumina in a press release accompanying its Monday afternoon presentation. Earnings in 2022 could range between $4.00 and $4.20 a share.

The good news is lifting Illumina stock (ticker: ILMN) 10% in Tuesday morning trading, to $399. The


S&P 500

was up 0.2%, and the


Dow Jones Industrial Average

was down 0.1%.

“It’s always good to surprise people on the upside,” Chief Executive Francis deSouza told Barron’s.

By Illumina’s

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2022 Stock Market Forecast Brings Unfamiliar Risks For Investors

The S&P 500 rose 29% in 2019, 16% in 2020 and another 27% in 2021. Is another big gain too much to ask for 2022?




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The 2022 stock market forecast looks considerably different than 2021. To achieve another big year, the market will need to tame new risks, some that investors aren’t accustomed to. Key among these is inflation — a sore that had not flared up on the market’s skin since the 1980s.

The 2021 market rose on low interest rates, government stimulus and a huge rebound in earnings. The new year starts with the Federal Reserve moving toward the first rate hike since 2018 to tamp down inflation. In Congress, there’s no clear path for another massive spending bill. Earnings are expected to grow, but more moderately.

Lacking the same drivers of 2021, the stock market will need different protagonists.

Big Stocks Dominate Market

More and more,

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Annual Business Forecast set for Jan. 28 at Rogers Convention Center

by Jeff Della Rosa ([email protected]) 474 views 

Guests attend the Economic Forecast Luncheon presented by the University of Arkansas Center for Business and Economic Research on Feb. 1, 2019, at the John Q. Hammons Center in Rogers. FILE PHOTO

The 28th annual Business Forecast luncheon will take place in January in Rogers and feature three economists who will provide regional, national and international outlooks for 2022, according to a Wednesday (Dec. 8) news release.

The event will be hosted from 11:30 a.m. to 1:30 p.m. Jan. 28 at the Rogers Convention Center. It is coordinated by the Center for Business and Economic Research (CBER) at the Sam M. Walton College of Business at the University of Arkansas. Link here to register. Pre-registration is required by Jan. 21.

The luncheon will be moderated by Brett Biggs, executive vice president and chief financial

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Economists to Discuss 2022 Outlook at 28th Business Forecast Luncheon


From left, moderator Brett Biggs, International Speaker Juhi Dhawan, Domestic Speaker David Altig, and State and Regional Speaker Mervin Jebaraj

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From left, moderator Brett Biggs, International Speaker Juhi Dhawan, Domestic Speaker David Altig, and State and Regional Speaker Mervin Jebaraj

FAYETTEVILLE, Ark. – The 28th annual Business Forecast luncheon returns next month and will feature a panel of three distinguished economists who will speak on the regional, national and international outlook for the coming year.

The event will take place from 11:30 a.m. to 1:30 p.m. Friday, Jan. 28, 2022, at the Rogers Convention Center in the World Trade Center District in Rogers. 

The Business Forecast Luncheon is coordinated by the Center for Business and Economic Research at the Sam M. Walton College of Business at the University of Arkansas. Register now.

Panelists for the luncheon are:

  • Moderator: Brett Biggs, executive vice president and chief financial officer for Walmart
  • International Speaker: Juhi Dhawan, senior managing director, partner and macro strategist, Wellington Management
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