Good MorningWall Street got some really good news on Tuesday about the virus that could mean the difference between a prolonged bull market and another melt-down. Biotech company Moderna, a leader in the search for a COVID-19 vaccine, announced positive news about its vaccine candidate. The company says it was able to produce a robust immune response in 100% of patients within a small test group. The drug will now move on to another test in hopes of repeating the results.
What this means for the market is a possible end to the pandemic. With a vaccine in hand, assuming it can be mass-produced quickly enough, global economies will no longer have to operate below capacity or fear being shut down again. The news sparked a 1.0% move in the S&P 500 that set a post-pandemic high and that is bullish news indeed.
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Stocks | | |
On July 15, Goldman Sachs (NYSE: GS) posted earnings that blew away expectations. Goldman stock charged up nearly $10 at the opening bell, but has cooled off some. About two hours into trading the stock is up just over 1%.
This is leaving investors wondering what Morgan Stanley (NYSE: MS) will do... Read the Full Story |
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Markets | | | Oh boy, here we go again. Back in May, we wrote about how Moderna (NASDAQ: MRNA) had seen promising results from their early-stage coronavirus vaccine trials. The news was enough to send the stock up more than 30% in a single session which capped off a 350% move in just three months.
On Tuesday thi... Read the Full Story |
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Markets | | |
California-based athletic equipment and apparel company Big Five Sporting Goods (NASDAQ: BGFV) has its rally cap on and investors may want to take notice.
On July 9th Big Five reported preliminary second-quarter results that caught the market off guard. After recording a net loss of 3 cents per s... Read the Full Story |
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From Our PartnersBiotech has proven to be one of the hottest sectors in the stock market for quite a few years. We show you why the best is yet to come. | | Continue Reading |
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Markets | | | Colgate-Palmolive (NYSE: CL) has been basing between around $60 and $75 a share for roughly the past seven years. Over that period, the stock has edged out of that base a few times, but the move always stalled out around $76-$78. Most recently, shares hit $76.94 in February, before markets tanked, s... Read the Full Story |
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Stocks | | | Melting, Melting, Melting Up
The stock has been melting up for many months leaving hordes of traders and investors behind. While some sit back wondering why it is, or when the next crash will come, I’m here to tell you that the S&P 500 (NYSEARCA: SPY) is about to hit a new all-time high. ... Read the Full Story |
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The Early Bird Stock Of The Day NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years. | | View Today's Stock Pick |
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