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This isn't shaping up to be a good week for the stocks of leading COVID-19 vaccine makers. Shares of Pfizer (NYSE: PFE) were down 1.6% at 11:27 a.m. BioNTech (NASDAQ: BNTX) stock had fallen 9.4%. Moderna's (NASDAQ: MRNA) shares were 6.2% lower.
Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) dropped 4.3% as of 11:30 a.m. EDT on Tuesday -- and sure, most stocks on the stock market are down today. As Game Rant reports, "While graphics cards have become near impossible to acquire during the pandemic" (depriving Nvidia of revenue and profits it might otherwise have earned were it able to satisfy all the demand that is out there), its rival Intel (NASDAQ: INTC) "has largely kept its cutting-edge CPUs in supply." If that's the case, and if it's a trend that continues, then there would appear to be a chance that Intel will gain back market share that it might have lost to Nvidia during the pandemic.
Shares of Virgin Galactic (NYSE: SPCE) were down by 7.8% through 11:57 a.m. EDT Tuesday. "Captain Kirk" is going to space, and he's going there with the help of Virgin Galactic rival Blue Origin. As People magazine (and ABC News) reported Monday, Star Trek star William Shatner "is in talks to head into space on Jeff Bezos' Blue Origin rocket."
The bank has been dealing with some regulatory setbacks, as well as a lower analyst rating this morning.
In this article, we discuss the 9 stocks better than Apple according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 4 Stocks Better than Apple According to Hedge Funds. Bloated valuations and questionable earnings growth are some of the most important factors that seasoned investors […]
Treasury Secretary Janet Yellen said that if Congress does not raise the debt ceiling, the Treasury will run out of emergency funds to pay U.S. debt holders by that date.
Agency head says Republican governor's administration demanded she retire after incident. Kassidy Peters, Noem's daughter, received her certification four months later.
Markets are up this year – that’s no news, the gains have been substantial and sustained – but recent weeks have made investors nervous. The resurgence of COVID, rising inflation and stubbornly high unemployment have already made headlines, but new problems are coming up overseas. In China, for example, a developing debt crisis in the giant Evergrande Group threatens to upend that country’s lending system. So, after a full nine months of gains this year, the stock markets are looking at the real
Last week, biotech Cassava Sciences (NASDAQ: SAVA) published topline interim-analysis data for simufilam, a potential treatment for Alzheimer's disease. Unfortunately, these developments do not paint a clear path to victory, but instead, they raise more perplexing questions about its science. In the study, the first 50 Alzheimer's patients with mild to moderate disease who received simufilam for a period of 12 months saw their cognition improve by an average of 3.2 points on the Alzheimer's Disease Assessment Cognitive Subscale (ADAS-COG) from baseline.
Palantir (NYSE: PLTR) and IBM (NYSE: IBM) are two very different types of tech companies. Palantir's market value has tripled since its direct listing last September, thanks to the robust growth of its data mining and AI platforms. IBM, which went public 110 years ago, has lost about a fifth of its value over the past decade as it struggled to grow its legacy businesses.
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%.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don’t make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are […]
(Bloomberg) -- If there's any country that might've been in a position to rescue Europe from its energy crisis, it’s the U.S. — home to vast shale fields holding a seemingly endless supply of natural gas and giant terminals capable of liquefying it and shuttling it abroad. Instead, for a multitude of reasons, U.S. shale is in no position to bail out Europe. Indeed, supplies are so tight that Americans are staring down their own supply squeeze — and the accompanying sky-high utility bills.U.S. st
While the Nasdaq Composite Index on Tuesday morning was suffering a decline of more than 2%, market internals suggest investors in the Nasdaq-listed stocks are buying rather than selling stocks. The Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.426, while many on Wall Street see declines below 0.500 as suggesting panic buying. The Arms Index is calculated by dividing the ratio of the number of advancing stocks over decliners by the ratio of the volume of advancing stocks ov
These tech companies are trading at lofty valuations but their forecasts imply they might be fairly valued.
Brian Sozzi and Julie Hyman break down the news of Ford and SK innovation’s plans to invest $11.4 billion to build an electric F-150 assembly and battery plant in the U.S. and what this investment could mean for the EV industry race moving forward.
After a full year of market gains, markets are getting a bit nervous. Inflation is up, US job openings are exceeding the number of unemployed by record amount, and the pile-up of container ships on the West Coast is a continuing reminder that supply chains have not yet recovered from the pandemic disruptions. Taking the measure of current conditions, Jefferies’ global equity strategist Sean Darby lays out the worst case scenario: “…if breakeven inflation expectations were to fall, narrowing real
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
The COVID-19 pandemic shifted much of retail activity to online marketplaces, much to the chagrin of traditional brick-and-mortar stores like GameStop. Shares of GameStop have soared more than 1,900% in the past year. There remains a long road ahead before GameStop can recover from its woes.
Following failure to win a huge USPS delivery vehicle contract, electric vehicle (EV) maker Workhorse Group (NASDAQ: WKHS) is seeing its share prices crash even lower. Investor confidence sank recently on the recall of several dozen Workhorse delivery vans for upgrades. Among other troubles, Workhorse recently lost a multibillion-dollar contract to build electric delivery runabouts for the Postal Service to industrial vehicle maker Oshkosh Corporation (NYSE: OSK).