Stock Market

Incyte (INCY) and MorphoSys (MOR) have announced that the US Food and Drug Administration (FDA) has approved Monjuvi (tafasitamab-cxix) plus lenalidomide for adults with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) not otherwise specified. This includes DLBCL arising from low grade lymphoma, and patients who are not eligible for autologous stem cell transplant (ASCT). DLBCL is

Siemens Healthineers AG (SEMHF) announced on Sunday that it plans to acquire U.S. cancer device and software company Varian Medical Systems (VAR) in an all-stock deal valued at $16.4 billion. As part of the purchase agreement, Siemens will acquire all of Varian’s shares for $177.50 per share in cash, which reflects a 24% premium to

COVID-19 has changed the rules, yet growth is still the name of the game. Sure, it’s a strange time for growth investors. On the one hand, the Commerce Department just announced that in Q2 2020, real gross domestic product (GDP) decreased at an annual rate of 32.9%, with unemployment remaining at alarmingly high levels. On

by dryam2000 First, here’s a visual representation of the strong correlation between real interest rates and gold prices.  We are currently in an extremely bullish environment with negative real interest rates. And, here’s a link to a fairly comprehensive nondogmatic assessment to investing in gold/silver. Disclaimer: This information is only for educational purposes. Do not make any investment decisions

This week was all about haves and have-nots. Technology stocks led the way higher. A trifecta of blowout earnings from Amazon (AMZN), Apple (AAPL) and Facebook (FB) on Thursday drove the Nasdaq Composite and S&P 500 to end July on a positive note. However, Apple is the only one of these three names in the

by Michael Snyder Originally, I wasn’t going to write about Joe Biden’s search for a running mate, but I changed my mind.  Most of the time running mate picks are of relatively little consequence as far as the election outcome is concerned, and many of those on tickets that do not ultimately win end up

Qualcomm (QCOM), the world’s largest mobile chipmaker, flexed its muscles on Wednesday, delivering an estimate beating FQ3 report. The semiconductor giant reported revenue of $4.9 billion, roughly flat year-over-year (+0.2%) yet beating the estimates by $100 million. Non-GAAP EPS of $0.86 handily beat Street expectations by $0.15. A higher mix of 5G smartphones and improving

Take a look at some of the biggest movers in the premarket: Boeing (BA) – The jet maker reported a quarterly loss of $4.79 per share, wider than the loss of $2.54 anticipated by analysts. Revenue was well below estimates as well – amid the overall slowdown in the aviation industry. Boeing also announced a

A hot topic in the upcoming U.S. Presidential election will likely be federal regulation surrounding marijuana. Right now, cannabis remains illegal at the federal level, but over 30 states have various forms of state-level approval for either medical or recreational cannabis. New York Governor Andrew Cuomo is pushing aggressively for approval of recreational cannabis, and

A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell:  Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50

Retail giant Walmart (WMT) has run out of fuel, so says Tigress Financial analyst Ivan Feinseth. In a recent report, the 5-star analyst lists a host of reasons why he believes “WMT’s dominant industry position and incredibly efficient operating model remain fully reflected in its current share price, leaving little opportunity for significant share price

A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and

Despite COVID-19’s devastating impact on the economy, Oppenheimer’s Chief Investment Strategist John Stoltzfus remains overweight on U.S. equities, and is more bullish on cyclical sectors versus defensive sectors. As for the legitimate concerns about the virus’ re-emergence, Stolzfus argues investors should “consider the reopening setbacks as just that and not something that is permanent.” “In

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday.  Apple, Amazon, Alphabet and Facebook — worth

by Martin Armstrong As we head into the fall of 2020, the damage from this coronavirus lockdown will begin to make its full impact felt. While about 25 million unemployed receive $600 a week, there remain arguments to reduce that to $200. Meanwhile, the real impact will be witnessed as the eviction moratorium, which lasted

Our neighbors to the north are taking an interest in the upcoming US elections – which is no surprise, as the US and Canada are each other’s largest trading partners and have a long history of close relations. RBC – the major Canadian international bank and investment firm – has released a report from the

by Charles Hugh-Smith No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%. Few of those anxiously seeking a rebound in consumer spending take into account the top 10% of households account for almost 50% of consumption, and that top 10% skews

Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in

Russian search engine leader Yandex (YNDX) has managed to outperform the market in 2020, with shares up by 32% year-to-date. A sound Q2 earnings report should provide a solid base for further gains in the latter half of the year. So believes Deutsche Bank’s 5-star analyst Lloyd Walmsley after Yandex beat the estimates in its

A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell:  Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s

by Michael Snyder Every time the west coast shakes, it is another reminder that a day of reckoning is fast approaching.  Someday time will run out and “the Big One” will finally strike, and the devastation will be far more immense than most people would dare to imagine.  Over the last 7 days, there have

Heading into Amazon’s (AMZN) second-quarter earnings today after the bell, it feels like the narrative has mostly been written already. All that remains to be seen is how far Amazon’s performance will deviate from the projected outlook. The Street expects Amazon to deliver a blockbusting topline gain on account of the coronavirus driven tailwinds. However,

Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The worst appears over for the economy, but the latest data casts doubt on how long it will take to recover and for the

by: Ethan Huff (Natural News) A Black Lives Matter (BLM) “protest” group in Georgia modified fireworks and turned them into nail-laced bombs that they chucked at the Atlanta Field Office of U.S. Immigration and Customs Enforcement (ICE), a new document obtained by federal law enforcement officers reveals. The commercial-grade fireworks-turned-bombs were discovered almost immediately after the “protest” ended

The markets have been showing mixed messages lately. A look at the chart shows that the NASDAQ’s rate of climb has been slowing recently, although it remains at record high levels. At the same time, the S&P 500 is holding just over 3,200, putting the index back within 5% of its all-time peak. At the

Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products company earned $1.16 per share for its fiscal fourth quarter, 15 cents a share above estimates. Revenue came in above forecasts as well. Organic sales rose 6%, with particular strength in cleaning products boosted by

by Michael Snyder What did they think was going to happen?  For weeks, the mainstream media and many politicians on the left have been relentlessly praising the chaos, rioting and violence that has been taking place in major cities all across America.  Meanwhile, the mainstream media and many politicians on the left have also been

On Thursday, a tech heavy line up will report quarterly results in what should amount to a crescendo – a techscendo? – to this most unique earnings season. Among these tech giants, it is Amazon (AMZN) that has shone the brightest in 2020. Covid-19’s impact has inadvertently been a boon for the e-commerce giant, but

A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020 in New York City, Spencer Platt | Getty Images When the government releases gross domestic product data on Thursday, it is expected to show an unprecedented contraction of nearly 35% in the second quarter

Which stocks have been the stars of 2020? Biotechs. Amid the onset of the global health crisis, companies advancing COVID-19 vaccines, treatments and testing kits have seen their shares take off rapidly on an upward trajectory. That said, Wall Street focus has locked in on the space for a different reason, namely merger & acquisition