WRTV News at Noon | October 20, 2021
WRTV News at Noon | October 20, 2021
The choppy seas for cruise line investors continued on Wednesday, as shares of Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH), and most especially Carnival Corporation (NYSE: CCL) (NYSE: CUK), which were down yesterday, bounced back today. As of 10:50 a.m. ET, shares of both Royal Caribbean and Norwegian Cruise are gaining 3%, while Carnival is leading the pack higher with a 3.8% gain.
What happened Shares of Arbutus Biopharma (NASDAQ: ABUS) rocketed higher on Wednesday morning in response to a court ruling in its favor. The stock was up 70.2% at 11:41 a.m. on Wednesday. So what Moderna's (NASDAQ: MRNA) attempt to avoid paying royalties on the lipid nanoparticle (LNP) technology that its COVID vaccine relies upon took another turn for the worse.
Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) were jumping 8.2% as of 12:01 p.m. ET on Wednesday. The nice gain came after the big biotech announced positive results from a phase 2 proof-of-concept study evaluating VX-147 in treating patients with APOL1-mediated focal segmental glomerulosclerosis (FSGS). FSGS is a kidney disease caused by variants of the APOL1 gene.
Shares of the Covid vaccine provider have tumbled after a U.S. Court of Appeals for the Federal Circuit panel of three judges upheld a ruling against the biotech company.
Yahoo Finance's Anjalee Khemlani runs down the CDC's report of the first case of the Omicron variant in the U.S., while Markets Reporter Ines Ferre breaks down how markets and travel sectors are reacting to this news.
For investors looking to get away from this volatility and find more safety, holding dividend stocks in your portfolio can be an excellent decision. Two dividend stocks that pay an above-average yield and are incredibly cheap right now are AbbVie (NYSE: ABBV) and ViacomCBS (NASDAQ: VIAC). AbbVie makes for an ideal buy-and-forget investment.
Helane Becker, Cowen senior research analyst, examines the relationship between airline holdings and COVID variants as travelers become more accustomed to pandemic regulations.
Yahoo Finance Live's Julie Hyman runs down some of the leading national headlines, including court rulings on President Biden's vaccine mandate, Tesla CEO Elon Musk's warning about SpaceX, and Fannie Mae and Freddie Mac backing home loans of nearly $1 million.
Reddit investors get dumped on because they cling to notions that monied interests are holding back their favorite meme stocks and endlessly cheer the next big short squeeze. There are actually some very smart investors on Reddit and quite a number of the stocks they discuss are very good, well-financed businesses that don't need their shares jawboned above penny stock valuations. Here are two of the most popular Reddit stocks that an investor can actually buy and hold for years to come.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Those following along with Clover Health Investments, Corp. ( NASDAQ:CLOV ) will no doubt be intrigued by the recent...
For you unbridled growth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based Sea Limited (NYSE: SE). Sea has had a monumental run-up since the bear-market bottom 20 months ago.
Shares of AT&T (NYSE: T) fell 4.4% on Tuesday after comments by one of the telecom's key executives sparked concerns of slowing growth among investors. Speaking during the Wells Fargo Technology Media and Telecom Summit, AT&T Communications CEO Jeff McElfresh indicated that the strong customer growth the company experienced over the past year was likely to decelerate. "We suspect the activity level for postpaid in 2022 is probably going to subside," McElfresh said.
Prior to it becoming a popular meme stock earlier this year, Sundial Growers (NASDAQ: SNDL) was nothing more than a struggling cannabis business that may have found it difficult to stand apart from other pot stocks. With an influx of cash plus multiple acquisitions this year, Sundial Growers is a much different business and is now a top cannabis retailer in Canada. Should investors expect another acquisition in 2022?
Shares of Tesla (NASDAQ: TSLA) raced out of the gate Wednesday morning, climbing 2.3% in the first couple minutes of trading before beginning to fall back. Tesla's first big pop seems to have been sparked by a bit of corporate theater. In an apparent poke at the phenomenon of whistleblowers trying to embarrass their bosses, Elon Musk tweeted last night that Tesla is now selling a "limited-edition Cyberwhistle" shaped like its still-unavailable Cybertruck.
Shares of Ford Motor Company (NYSE: F) were moving higher on Wednesday after a prominent Wall Street analyst noted that the company's electric Mustang Mach-E is on track to outsell a key rival in 2021. As of 12:45 p.m. ET, Ford's shares were up about 5.1% from Tuesday's closing price. In a new note on Wednesday morning, Morgan Stanley analyst Adam Jonas noted that Ford sold 21,703 Mustang Mach-Es in the U.S. through October.
This company is growing revenue and customers while the stock is selling at half its highs this year.
Salesforce actually had quite a successful third quarter of fiscal 2022 by numerous measures. One notable change for the company is that online business messaging service Slack -- bought almost exactly a year ago -- was incorporated for the first time into Salesforce's results. Slack is clearly an important part of the company's strategy.
A busy slate for Disney+, the return of Steven Spielberg, and a premium Disneyland offering are all coming this month.
Welcome to the last month of 2021. If you’re confused on how to read current market conditions, you are probably not alone. The past 3 sessions have been marked by volatility with wild swings from one extreme to the other. The market appears to be lacking direction in the face of the Omicron variant’s rise and the Fed’s admission elevated inflation levels might not be transitory after all. It’s a moment made for defensive stocks, for the short-term hedges that protect an investment portfolio fro