Year: 2020

The race to be first to market with a COVID-19 vaccine is changing gears. As the companies developing vaccine/therapeutics move further down the development path, the commercial aspect is starting to take a more prominent part in the conversation.mRNA vaccine maker Moderna (MRNA) is one of the companies currently leading the pack, but it needs to be vigilant of rivals’ progress. Shares of Moderna hit a speed bump on Wednesday and trended downwards on account of positive developments in the progress of rivals Novavax (NVAX) and Johnson & Johnson’s (JNJ) respective COVID-19 vaccine programs.Novavax’ candidate NVX-CoV2373 performed well in a …read more […]

While Nutanix, Inc. (NASDAQ:NTNX) might not be the most widely known stock at the moment, it led the NASDAQGS gainers… …read more […]

Rates fall deeper into the “2s”, to the benefit of homebuyers and homeowners. …read more […]

The stock markets have been having a string of good days, as earnings season has been a bit less grim than expected. While aggregated revenues are down nearly 10% year-over-year, many companies have been clearing the lowered expectations bar. Writing from Wells Fargo on the current mood and prospects, equity strategist Chris Harvey describes the situation as a ‘melt up.’ He sees room for another 5% growth in the S&P 500 by year’s end.Harvey specifically noted that two policies put in place to support the economy against the corona virus shutdowns have had a boosting effect on the stock markets …read more […]

Yahoo Finance’s Adam Shapiro breaks down the stocks to watch Thursday. …read more […]

British based energy giant BP PLC (NYSE:BP) cut dividends by 50% to 31.50 cents/share for each American Depository Receipt ( minus any ADR fees). This was the first dividend cut for BP since 2010, when it had a costly oil spill in the Gulf of Mexico. BP Follows Royal Dutch Shell And Cuts Dividends This is the second […] …read more […]

(Bloomberg) — Dan Gilbert’s long-awaited initial public offering of Rocket Cos. may have been downsized on Wednesday, but it finally reveals the vast fortune he’s built in a city battered by the last financial crisis.The listing values his mortgage company at about $35 billion after it priced 100 million shares at $18 each on Wednesday. While below a marketed range of $20 to $22 for 150 million shares, the Detroit-based firm, which includes Quicken Loans, has a higher market value than Ford Motor Co.The IPO makes Gilbert, 58, one of the biggest beneficiaries of the era of ultra-low interest rates …read more […]

Patrick Spence, Sonos CEO, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the company’s third-quarter earnings report, the spike in consumers listening at home amid the coronavirus pandemic, future outlook for 2020 and much more. …read more […]

(Bloomberg) — Streaming video is the media world’s new favorite playing field, and ViacomCBS Inc. wants investors to remember it’s in the game.The entertainment company rose in premarket trading after highlighting growth in its streaming business as a bright spot last quarter. Its two pay services, CBS All Access and Showtime, now have more than 16 million combined subscribers. ViacomCBS’s free service, Pluto TV, has more than 33 million users worldwide.The shares gained as much as 5.6% to $27.45 in New York trading Thursday. They were down 38% this year through Wednesday.In a call with analysts, ViacomCBS said it expects …read more […]

America’s 1 Cannabis Oil Brand is Now Available in 12 States WAKEFIELD, Mass., Aug. …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Beyond Meat, Inc… …read more […]