Use Weakness in Alzheimer’s Disease Stocks as an Opportunity
Investors may want to use weakness in Alzheimer’s treatment stocks as opportunity. Just the other day, Anavex Life Sciences (AVXL) fell from about $22 to $18.35. Cassava Sciences (SAVA) fell from a high of $144.63 to $81. All after Annovis Bio (ANVS) gapped lower from...
Booming Buy Now, Pay Later Market Could Lead to More M&A
Keep an eye on Affirm Holdings (AFRM). At the moment, the stock is pushing higher on speculation it could also be acquired. All after Square announced it was buying its competitor Afterpay in an all-stock transaction worth $29 billion. All as “buy now, pay later...
US CDC: Delta Virus as Contagious as Chickenpox
The US CDC just warned the Delta virus is as contagious as chickenpox. Worse, according to CNBC, it has a longer transmission window, and could make older people sicker—even if they’ve been vaccinated. “Delta, now in at least 132 countries and already the dominant...
Why It’s Best to Just Stay Away from the Robinhood IPO
So far, the Robinhood (HOOD) stock has been a letdown. Since opening for trade today, the stock is down about 5%, or $1.81 a share. And, as it turns out, our way of trading IPOs worked out better so far. On July 21, we noted: The best way to trade an IPO is to not buy...
S&P 500 edges down on virus woes, slowing economy
(In paragraph 2, corrects to show that Waller was speaking on CNBC. Corrects paragraph 3 to read, "He also suggested the Fed could announce in September it would start to ...", not "...the Fed could start to reduces its monthly bond purchases in September...") By Echo...
Oil falls over 3% on concerns over demand and OPEC supply boost
By Laura Sanicola NEW YORK (Reuters) -Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply....
U.S. Treasury decreases third-quarter borrowing estimate
By Karen Brettell (Reuters) - The U.S. Treasury said on Monday it plans to borrow $673 billion in the third quarter, less than the May estimate of $821 billion, due to having a higher balance at the beginning of the quarter and lower outlays. The third-quarter...
Factbox-Record-low rates spur Australia M&A frenzy in 2021
(Reuters) -Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and companies a well-funded war chest to chase higher valuations. From potentially one of Australia's biggest-ever buyouts to a...
Wall Street falls with Amazon; S&P 500 posts sixth straight month of gains
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains. Amazon.com Inc...
China buyers re-emerge, patient Fed saps dollar
By Marc Jones LONDON (Reuters) - World share markets were back on form on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up Chinese stocks leap off the canvas. There was also some promising...
Revival of on-the-go snacking helps Hershey lift annual sales outlook
(Reuters) -Hershey Co raised its annual sales outlook and beat estimates for quarterly results on Thursday, as consumers bought more of its chocolates at airports, movie theaters and other food joints after the easing of COVID-19 curbs. With Americans stepping out...
From Facebook to Twitter, Big Tech sees social commerce driving sales growth
By Sheila Dang and Nivedita Balu (Reuters) - Led by Facebook, social media platforms from Alphabet's YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that emerged during second-quarter results over the...
Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
By Elizabeth Culliford and Nivedita Balu (Reuters) -Facebook Inc said on Wednesday it expects revenue growth to "decelerate significantly," sending the social media giant's shares down 3.5% in extended trading even as it reported strong ad sales. The warning...
Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
By Stephen Nellis (Reuters) -Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc's iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage. Qualcomm total revenues rose...
Analysis-Tesla hikes electric car prices in U.S.; holds line in China
By Eva Mathews, Nivedita Balu and Hyunjoo Jin (Reuters) -Tesla Inc showed signs of divergent strategies in the world's two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow...