A number of biotech and pharmaceutical stocks have rallied sharply on hopes they can be part of the response to the coronavirus pandemic. Nano-cap AIM ImmunoTech (NYSEAMERICAN:AIM) stock has been one of them. In recent weeks, AIM stock has pulled back after a parabolic rally.Source: Shutterstock Beginning Feb. 26, shares rose nearly 500% in just nine sessions. They've since retreated -- but still have gained 75% over the last month.AIM ImmunoTech itself has stoked those hopes by highlighting its potential ability to treat the coronavirus and/or provide a vaccine. But as always in the biotech space, the keyword is "potential."InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter all, AIM ImmunoTech is one of literally dozens of companies racing to respond to the coronavirus. Any investor buying the stock at this point, even after the pullback, has to believe the company has some kind of edge over those rivals. But...
(Bloomberg) -- Tata Motors Ltd., the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles.Car sales in India fell for a 16th consecutive month in February, and that’s set to continue as the virus outbreak limits travel nationwide, and financing new vehicles becomes difficult. Automakers are cutting investment and production, and job losses in the sector, which employs more than 32 million people directly and indirectly, climbed to half a million even before the pandemic.“The recent outbreak of Covid-19 virus increases the challenges faced by the business,” Tata Motors said in a statement Friday. “This decision is a first step in our plans to secure mutually beneficial strategic alliances for the domestic PV business and help secure its long-term viability.”Lockdowns across the world to...
Roku (NASDAQ:ROKU) is likely to benefit from a huge surge in viewership amid the outbreak of the coronavirus from China. Meanwhile, fears about the company losing ad revenue during the crisis are overdone. As a result, investors should buy Roku stock at its current levels.Source: JHVEPhoto / Shutterstock.com Even people who aren't experts on consumer behavior can figure out that TV viewership will jump tremendously thanks to social distancing. Most American consumers are now stuck at home, and when they aren't working, they'll be watching TV.Moreover, one major TV genre -- live sporting events -- is almost completely unavailable. So, Roku will have less competition than before the crisis. And with tens of millions of consumers using Roku's operating systems to stream Netflix (NASDAQ:NFLX), Roku is sure to benefit from this epic jump of TV viewership.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a Feb. 26 note to investors,...
