Good MorningInvestors got another shot of good news on Monday when Moderna released results from its early-phase COVID-19 vaccine trials. Moderna says its vaccine candidate produced very promising results in 95% of trial candidates surpassing the 90% success rate produced by Pfizer. While it will be many months before either vaccine is widely available the news is a balm to markets faced with rising COVID-19 cases. The S&P 500 and Dow Jones Industrial Average both set new closing highs on the news and the NASDAQ Composite is close behind.
This week could see the markets continue to rise. There is a raft of economic data due out over the week and it could fuel the market melt-up. Longer-term, the event investors need to watch is the Georgia senate run-off. If the Republicans lose control of the senate all bets are off.
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Markets | | Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with robust data from Japan and China fueling optimism over economic recoveries even as coronavirus caseloads surpass earlier records.
Stock benchmarks rose Monday in Hong K... Read the Full Story |
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Politics | | Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with robust data from Japan and China adding to optimism over economic recoveries even as coronavirus caseloads surpass earlier records Read the Full Story |
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Markets | | After 17 years in the business, big data firm Palantir (NYSE: PLTR) finally went public at the end of September. It’s been a while coming but has certainly paid off big already for any early investors or those who got involved once shares hit the secondary market. The stock closed out last wee... Read the Full Story |
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Politics | | British Prime Minister Boris Johnson says he is as “fit as a butcher’s dog” after being instructed to self-isolate for 14 days because he recently came in contact with someone who has since tested positive for the coronavirus Read the Full Story |
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Markets | | Workflow management solutions provider Asana, Inc. (NASDAQ: ASAN) stock went public through a direct listing process (DLP) on Sept.30, 2020 and has been plummeting since then. Investors assumed the Company would have been a benefactor with the COVID-19 pandemic backdrop but its underperformance agai... Read the Full Story |
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From Our PartnersThe bullish gold market is being fueled by forces that will likely maintain longevity, Gold is predicted to sky rocket in the near term. | | Continue Reading |
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Markets | | Highly-Valued Palo Alto Networks Growing By Double-Digits
Palo Alto Networks (NASDAQ:PANW) has been and will continue to be a pandemic-winner. The company is well-positioned in the tech space as a leader in cybersecurity and one focused on next-gen and cloud-centric solutions. The company caught my... Read the Full Story |
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Tech | | U.S. retailer Walmart is selling off 85% of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15% stake, in a deal valued at 172.5 billion ($1.6 billion), the companies said Monday.
KKR & Co., a global investment firm, will purchase a 65% stake, while Japan... Read the Full Story |
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Politics | | Japan's economy grew at an annual rate of 21.4% in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports.
The world’s third largest economy had logged three straight quarters of contraction and was already in recession by the time ... Read the Full Story |
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Markets | |
One could be forgiven for believing that Tapestry (NYSE:TPR) is a go-nowhere opportunity because all it does is make overpriced handbags. But given that the stock has gained around 30% in the last month, it becomes crucial to reconsider the value of the Coach, Kate Spade, and other brands handbag ... Read the Full Story |
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Markets | | Home Depot (NYSE: HD) has undoubtedly been a pandemic winner, with shares trading well above pre-pandemic levels. Four tailwinds responsible for the home improvement retailer’s success in 2020 are:
Bored homeowners turning into enthusiastic DIYers.
Home equity loans becoming available at h... Read the Full Story |
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