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GNTX earnings call for the period ending June 30, 2021.
What happened Shares of several COVID-19 vaccine makers were sliding on Monday. BioNTech stock (NASDAQ: BNTX) was down 6.5% at 12:09 p.m. EDT. Shares of Moderna (NASDAQ: MRNA) had slipped 4.4%. Novavax (NASDAQ: NVAX) stock had fallen 6%.
Shares of Apple (NASDAQ: AAPL) stock dipped 1.5% in noonday trading, EDT, Monday, and the slip appears tied to some news out of Europe that broke late last week. As The Verge reported Thursday, the European Commission, the executive arm of the European Union, is considering mandating that all cellphones sold in the EU use a standard USB-C power cord. It could be a big problem for Apple, however, which uses, and sells, proprietary Lightning cables to charge its iPhones.
Names in the electric vehicle sector sometimes move as a group, but three stocks that are doing their own thing today are Nio (NYSE: NIO), Nikola (NASDAQ: NKLA), and Canoo (NASDAQ: GOEV). As of 11:30 a.m. EDT, Nio shares were about 2% higher, while Nikola shares were up nearly 5%. Canoo's move makes sense.
A vote on the bipartisan infrastructure bill is scheduled for this Thursday in the House of Representatives.
Ford is driving head on into the future of electric vehicles.
Ending the week on a sour note, shares of Bloom Energy (NYSE: BE), FuelCell Energy (NASDAQ: FCEL), and Plug Power (NASDAQ: PLUG) all tumbled lower on Friday. As of 11:48 a.m. EDT, shares of Bloom Energy are up 5.3%, while FuelCell Energy's stock and Plug Power's stock are up 10.2% and 6.1%, respectively. While some positive news from Wall Street is a catalyst for the rise in Plug Power's stock today, other investors are choosing to power up their portfolios with Bloom Energy and FuelCell Energy after learning of some encouraging news out of the Golden State.
In this article, we reviewed Bridgewater Associates founder Ray Dalio’s portfolio adjustment strategies to cope up with the market volatility. We also discussed the top ten stocks billionaire Ray Dalio is buying. You can skip our detailed discussion and jump directly to Billionaire Ray Dalio is Buying These 5 Stocks. Raymond Thomas Dalio’s $223 billion […]
Shares of MercadoLibre (NASDAQ: MELI) fell today even though there was no news out on the Latin American e-commerce company. Instead, it was one of a number of high-growth stocks that pulled back sharply today as investors were spooked by fears of rising Treasury yields, which entice investors away from growth stocks and into other options like bonds. MercadoLibre stock finished the day down 5.4% while the 10-year Treasury yield rose 1.6% to 1.48%.
Shares of cruise line stocks had a great start to the week, with the industry climbing by the high single digits in trading on Monday. Shares of Carnival (NYSE: CCL) (NYSE: CUK) were up as much as 7.7%, Royal Caribbean (NYSE: RCL) was up 5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) rose 4.8% at its peak. The jump in shares was impressive given that the market overall was flat and the biggest mover was oil (an expense for cruise lines), rising 1.9%.
The Securities and Exchange Commission charged two traders with engaging in so-called "wash trading" of meme stocks, including GameStop, Inc. in alleged scheme that netted them hundreds of thousands of dollars in ill-gotten rebates from a number of stock brokers.
Shares of Naked Brand Group (NASDAQ: NAKD) surged 21.8% on Monday, as investors' excitement about a potential game-changing acquisition reached a fever pitch. Naked Brand's popularity among traders on Reddit and other social media sites helped it raise cash via stock offerings earlier this year. After ridding itself of debt and amassing a war chest of $270 million, Naked Brand's management team went hunting for takeover targets.
As MarijuanaMoment.net reports, a panel from the U.S. House of Representatives -- having passed its SAFE Banking Act (a law legalizing banks doing business with cannabis companies) as part of the 2022 National Defense Authorization Act last week -- is now preparing for a vote to "federally legalize marijuana" outright. Shares of marijuana stocks are responding as you'd expect. Sundial Growers (NASDAQ: SNDL) and Tilray (NASDAQ: TLRY) are both up 4.1% as of 11:45 a.m. EDT today.
The Dow Jones rose. Nancy Pelosi made an infrastructure bill move. AMD stock offered a buy point. Tesla stock gained, Apple stock fell.
Boeing stock is higher after U.S. durable-goods orders for August 2021 blew past economist expectations Monday.
JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin.
Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut early as the economic toll of the squeeze mounted. China is in the grip of a power crunch as a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs and triggered widespread curbs on usage. Rationing has been implemented during peak hours in many parts of northeastern China since last week, and residents of cities including Changchun said cuts were occurring sooner and lasting for longer, state media reported.
Recent oil price strength could be a timely income opportunity.
Investors have been rewarding companies that are doing a particularly good job of pumping out free cash flow and increasing their shareholder returns.
Naked Brand Group Ltd (NASDAQ: NAKD) is continuing to trade higher Monday after the company's chairman and CEO, Justin Davis-Rice, stated Friday that the company had found an opportunity in clean technology. "I am happy to report that after extensive searching and due diligence, we believe we have found a disruptive opportunity in the clean technology sector. Due diligence on both sides is progressing and we believe the business combination will reward our patient shareholders," said Davis-Rice
Bond yields rose and tech stocks fell, but shares of Elon Musk's EV maker gained. The stock behaved more like shares of Ford or General Motors.