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3 “Strong Buy” Healthcare Stocks Under $5 That Could See Outsized Gains

August 6, 2020 Editor Comments Off on 3 “Strong Buy” Healthcare Stocks Under $5 That Could See Outsized Gains

The stock market just keeps going up, up and away. COVID-19 continues to have a choke hold on the economy, yet stocks have pulled off an incredible recovery, with the S&P 500 up 50% since its March low point. But can the index keep the rally alive?Credit Suisse’s global equity strategy analyst Andrew Garthwaite says yes, noting that by the end of next year, the S&P 500 could “easily hit 3,500 on our models.” He believes there won’t be a major correction, and that “the key is whether you want to buy into dips or sell into rallies and we …read more […]

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Dropbox Sales Beat Estimates; Shares Tumble as CFO Prepares Exit

August 6, 2020 Editor Comments Off on Dropbox Sales Beat Estimates; Shares Tumble as CFO Prepares Exit

(Bloomberg) — Dropbox Inc. reported revenue that beat analysts’ estimates, benefiting from increased demand for cloud software amid a shift to working from home due to the coronavirus. The company also announced Chief Financial Officer Ajay Vashee is stepping down effective Sept. 15, sending the shares tumbling in extended trading.The San Francisco-based file-sharing company said sales rose 16% in the second quarter to $467.4 million. Dropbox reported its second consecutive quarter of profits, with net income of $17.5 million, or 4 cents a share, in the three months ending June 30, compared with a loss of $21.4 million, or 5 …read more […]

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July jobs report preview: Payrolls likely rose at a slower rate, as labor market recovery hit an 'inflection point'

August 6, 2020 Editor Comments Off on July jobs report preview: Payrolls likely rose at a slower rate, as labor market recovery hit an 'inflection point'

U.S. employers are expected to have added back fewer jobs in July after a record gain in June, as a resurgence of coronavirus cases in some states earlier this summer weighed on the labor market recovery. …read more […]

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5 Steps to Building Wealth in Your 70s

August 6, 2020 Editor Comments Off on 5 Steps to Building Wealth in Your 70s

TThis is my final article in a series on building wealth throughout your life. Most of this series has focused on a variety of general best practices for building wealth, but this final article on building wealth in your 70s will be a bit different.
If you’re interested, here are the previous articles in this series:
5 Steps to Building Wealth in Your 20s
5 Steps to Building Wealth in Your 30s
5 Steps to Building Wealth in Your 40s
5 Steps to Building Wealth in Your 50s
5 Steps to Building Wealth in Your 60s

As you enter your 70s, you will likely decide to reallocate …read more […]

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Buy Moderna Stock as the COVID-19 Vaccine Race Heats Up, Says 5-Star Analyst

August 6, 2020 Editor Comments Off on Buy Moderna Stock as the COVID-19 Vaccine Race Heats Up, Says 5-Star Analyst

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 […]