Trading Ideas

Top news and what to watch in the markets on Friday, April 17, 2020. …read more […]

Gilead Sciences stock (Nasdaq: Gild) popped in after hours trading on the strength of some good coronavirus news. The stock popped about 13%. The price increase was based on reports of a possible effective drug therapy for COVID-19.
The news came in the form of a video reported by STAT news. The video outlines a clinical study in which sick participants have responded positively to the drug remdesivir. The question is, how will this affect Gilead Sciences stock in the coming days?

A Potential COVID-19 Treatment?
The clinical study reported by STAT News involves 150 patients sick from the coronavirus. All of these …read more […]

Gilead Sciences (GILD) shares popped over 16% in after-hours trading on Thursday following encouraging anecdotal data from Gilead’s remdesivir COVID-19 trials.News source STAT reported on a video presentation within a single site, the University of Chicago, which recruited 125 COVID-19 patients into GILD’s phase III trials.According to the presentation, only 2 of the 113 severe patients died, fever curves for those presenting with fever reportedly fell after receiving remdesivir, and the investigator reportedly noted some ventilated patients coming off ventilators shortly after treatment.Moreover, investigators also reportedly noted that most patients were discharged within 6 days.RBC Capital’s Brian Abrahams admitted that …read more […]

Today we’ll take a closer look at Bayer Aktiengesellschaft (ETR:BAYN) from a dividend investor’s perspective. Owning a… …read more […]

Biopharma Moderna Inc (MRNA) has announced a $483 million government award to fund manufacturing scale-up and the development of the company’s SARS-CoV-2 vaccine mRNA-1273 to FDA licensure.The NIH-led Phase 1 study of mRNA-1273 has already completed enrollment of 3 dose cohorts (25 µg, 100 µg and 250 µg) and is now expanding to an additional 6 cohorts of older adults and elderly adultsLooking ahead, the company expects the Phase 2 study to begin in Q2 2020, following safety data from the ongoing Phase 1 study.In addition, Moderna will now hire up to 150 new team members to support efforts following …read more […]

“Our industry will need the government’s support, which will be critical to ensuring access to credit markets and likely take the form of loans versus outright grants,” Boeing Chief Executive Dave Calhoun told employees in a letter seen by Reuters. About 27,000 Boeing workers in the Puget Sound area will return to production of the 747, 767, 777 and 787 jet programs. In January, Boeing halted production of the 737 MAX after two fatal crashes in five months. …read more […]

(Bloomberg) — The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.Producers typically rely on regular airline services to ferry mined metal — called dore — from remote operations to the specialist plants that separate out the precious metals and craft them into bars or coins.That’s becoming more difficult with a large swathe of global aircraft grounded, including about two-thirds of the passenger jet fleet, according to Cirium, an airline industry data provider.“Where we’ve had to be doing more work is getting dore — the metal …read more […]

(Bloomberg) — Asian stocks climbed with U.S. and European futures amid tentative steps to restart the American economy and progress on the fight against the coronavirus. Traders looked past Chinese data showing its economy contracted for the first time in decades.Shares saw strong gains across the region, while contracts on the S&P 500 jumped over 3%. Treasuries fell with the dollar. Earlier, President Donald Trump outlined plans for the reopening and investors assessed a report that Gilead Sciences Inc. is seeing improvements in coronavirus sufferers taking its drug. Oil fluctuated around $20 a barrel. Gold slipped, though the yen strengthened …read more […]

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In its 49-year history, Southwest has never had any pay cuts, layoffs or furloughs, even following the Sept. 11, 2001 attacks and the 2009 financial crisis. McCrady said Southwest was focused on discussing with unions potential changes that may need to be adopted in October should the industry not recover. …read more […]

Gilead Sciences (NASDAQ:GILD) surged 16% and index futures are up around 3.4% in after hours trading after an article reported anecdotal results of a University of Chicago hospital study. The hospital is participating in Gilead’s single arm study and the partial results were revealed in a video of a presentation made by an infectious disease […] …read more […]

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A University of Chicago hospital participating in a study of the antiviral medication said it is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, according to medical news website STAT https://www.statnews.com/2020/04/16/early-peek-at-data-on-gilead-coronavirus-drug-suggests-patients-are-responding-to-treatment. Gilead, in an emailed statement, said “the totality of the data need to be analyzed in order to draw any conclusions from the trial.” UChicago Medicine, also in an email, said “partial data from an ongoing clinical trial is by definition incomplete and should never be used to draw conclusions.” …read more […]

On Monday, Roku (ROKU) released an update on Q1 figures and investors liked what they saw.The stay-at-home measures have provided Roku with new account growth beyond its initial guidance for the quarter, with the company estimating a net increase of 3 million active accounts from December 31 to March 31, reaching 39.8 million.Roku expects revenue for the quarter to come in between $307 million and $317 million, up by 51% year-over-year, beating its previous call for revenue between $300 million and $310 million, and well ahead of the Street’s call for revenue of $299.8 million.The stock skyrocketed 32% since the …read more […]

Oil prices rose on Friday with Brent gaining nearly 3% after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products. Brent was up by 75 cents, or 2.7%, at $28.57 a barrel by 0058 GMT, while U.S. crude for May delivery, which expires on April 21, was up 1 cent, or 0.1%, at $19.88 a barrel. Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus that has now killed …read more […]