Vaccine maker Moderna (MRNA) is on everyone’s radar, with shares rocketing from the $20 level in January to over $60 today. Moderna stock got another small boost yesterday after the inventor of a leading coronavirus vaccine proposal was reported to be nearing a deal to sell its vaccine to Israel. Citing unnamed sources within the Israeli Health Ministry, news site Ynet.com noted that with Phase 2 clinical trials of the vaccine -- mRNA-1273 -- nearly complete, Israel is already "in final negotiations" to buy supplies of the vaccine for distribution to its populace. Which is great news, but here's the thing: Moderna stock was in fact already primed to go higher even before the Israeli news was announced.Over the weekend, you see, investment bank J.P. Morgan released an update on a recent discussion it had with Moderna CEO Stephane Bancel and CFO David Meline. In that note, J.P. Morgan analyst Cory...
With computing and cloud stocks that are capitalizing on the work-from-home economy rallying, an analyst at Morgan Stanley is of the view that it's time to rotate out of them -- and into semionductor stocks that are levered to a rebound in consumer spending.The Semiconductor Analyst Analyst Joseph Moore made the following changes to the ratings of the stocks in his coverage universe:Intel Corporation (NASDAQ: INTC) shares were downgraded from Overweight to Equal-weight with a price target upped from $61 to $65.NVIDIA Corporation (NASDAQ: NVDA) was downgraded from Overweight to Equal-weight, with a price target raised from $363 to $380.Qorvo Inc (NASDAQ: QRVO) was upgraded from Equal-weight to Overweight with a price target hiked from $91 to $130.Lam Research Corporation (NASDAQ: LRCX) was upgraded from Equal-weight to Overweight with a price target increased from $253 to $334.QUALCOMM, Inc. (NASDAQ: QCOM) was upgraded from Equal-weight to Overweight and the price target was...
(Bloomberg) -- Only 19 months after the Camp Fire erupted in the tinderbox mountains of Northern California, PG&E Corp., the power utility behind the deadliest conflagration in the state’s history, is poised to emerge from bankruptcy with its safety still in question.As the state braces for another fire season, the judge overseeing PG&E’s Chapter 11 case said Tuesday he would approve its $59 billion turnaround plan. Moments earlier, its chief executive officer pleaded guilty on behalf of the company to involuntary manslaughter, brining its criminal case from the deadly blaze close to an end. And on Wall Street, PG&E moved forward with plans to sell bonds to fund its restructuring.The quick series of events conclude a tumultuous chapter for PG&E. Yet it’s exiting bankruptcy facing many of the same challenges as it did the day it filed. Efforts to strengthen its finances and safety procedures are still underway, and the long-term...
White House Press Secretary Kayleigh McEnany said in a 2012 tweet she prefers Domino's Pizza, Inc. (NYSE: DPZ) over rival Yum! Brands, Inc.'s (NYSE: YUM) Pizza Hut.So why is this making news? Because it's 2020.What Happened: McEnany not only prefers Domino's over Pizza Hut, but said in her 2012 tweet it is "wayyyy better than any NYC pizza."First of all, no. As much as we all love Domino's, myself included, it's factually incorrect to say it is far superior to "any" NYC pizza. Maybe it's better than a few of the $1 slice joints, but I guess to each their own.Surprisingly, this isn't the source of the Internet's outrage. Instead, the Internet is taking offense to Domino's for responding to the tweet with a simple thanks.> @kayleighmcenany That's one heck of a compliment! Thanks for the love! WEAPPRECIATEIT!> > -- Domino's Pizza (@dominos) November 9, 2012This is what the Internet is...
While May’s Cass Freight Index showed some improvement in activity over the previous month, the index for both shipments and expenditures came in 20% below May 2019. ...
