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 | | | Wedbush Doubles-Down On Secular Tech Winners
Last week, in a letter to shareholders, Wedbush doubled-down on big-tech names calling for another 20% to 30% upside for secular winners. The analysts say Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) will be the biggest winners during the next phase... Read the Full Story |
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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 | | | Wendy’s (NASDAQ: WEN) shares were sold off when markets started tanking in February, going from around $23 to $6.80 in less than a month. But shares quickly rebounded, approaching $20 a share just a month after hitting the lows. Since then, the stock has sat in a tight base between $20 and $22... Read the Full Story |
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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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Markets | | | After reviewing the earnings statement and looking at the charts, I have come to the conclusion that UnitedHealth Group (NYSE: UNH) is a #2 verging on #3. All it needs now is to break out to make it a buy. 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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