Arcturus Therapeutics (ARCT) investors felt the impact of a thunderous thud on Tuesday, following the share price’s collapse. The stock shed over 50% of its value after the company released disappointing data from an early-stage clinical trial of its COVID-19 vaccine candidate ARCT-021. While following the administration of one dose, the vaccine produced neutralizing antibodies,
Stock Market
Traders work on the floor of the New York Stock Exchange. NYSE The S&P 500 finished 2020 with a gain of 16.26% for the year and closed at a record high on Thursday, a remarkable performance after a drastic selloff in February and March. Some of the names in the broad market index had particularly
Authored by Doug Casey via InternationalMan.com, International Man: Markets have extreme emotions. They can go from irrational exuberance—where it seems everyone is swinging from the chandeliers—to a bottom-of-the-barrel bear market where people don’t even want to look at the business section. Why is assessing the psychology of the market so important? Doug Casey: The market,
Are you ready for the New Year? We’re getting down to the wire, 2020 is almost gone, and Wall Street’s analysts are engaged in the time-honored tradition of picking stocks for next year. In the background, we have, finally, a foundation of good news. The election is settled. For better or worse, former VP Joe
Here are the stocks making notable moves in midday trading. Tesla – The automaker jumped 3% to a new all-time high. The move caps a record year for Tesla, which saw the company report five straight quarters of profit extending back to 2019. The electric automaker was also added to the S&P 500. Shares are
by Charles Hugh-Smith When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great many people are living in bubbles that are about to pop. The largest bubble is the one inhabited by people who
Remark Holdings on Dec. 30 announced that one of the largest commercial banks in China had chosen its KanKan AI to upgrade 169 branches in the Yunnan Province. Shares of the global technology company rose 6.4% at the close on Wednesday. As part of the upgrade, the branches will install the smart customer retail platform
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AMC Entertainment — Shares of the beleaguered movie-theater chain fell more than
Momentum might be an elusive quality, yet it is also pretty easy to spot. Right now, it is clearly on BioNano Genomics’ (BNGO) side. In December, shares of the life sciences company have accumulated a mighty 328%. Evidently, investors are buying into the cytogenetics specialist’s steady stream of positive developments. On Monday, the company disclosed
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The stock was up 2% at
by visualcapitalist We’ve all been affected by the pandemic-induced mayhem of 2020. But when it comes to finances, some have fared far better than others. While job loss persists for Americans making less than $20 an hour, the rich have gotten richer. More specifically, the most wealthy American billionaires have seen their net worth bounce back dramatically, thanks
Wall Street’s investment firms are burning the midnight oil as we approach the end of 2020, publishing their year-end notes and their New Year prognostications, both for investors’ edification. There is the obvious point: we’re in a moment of rising markets, and investor sentiment is riding high now that the election is settled and COVID
Traders work on the floor of the New York Stock Exchange. NYSE The pandemic turned 2020 into a year of unprecedented events — not the least of which was the swift crash and then record-fast recovery of the stock market. The market’s race higher has been in stark contrast to an economy that has been
by Martin Armstrong One reader pointed out that this would not be the first election that led to violence because of corrupt politicians counting votes in their favor. The corruption in politics was just in your face. In Athens, Tennessee, the Cantrell-Mansfield government was not only rigging their election to stay in power, but they were also
AstraZeneca will start to supply the UK with its COVID-19 vaccine after the country was first to approve its emergency use. Shares rose 2.3% in Wednesday’s pre-market trading. AstraZeneca (AZN) said it expects vaccinations to begin early in the New Year and is gearing up to supply millions of doses in the first quarter of
by Michael Snyder We have seen spikes in certain major cities before, but there has never been a year quite like this. In 2020, murder rates have been soaring dramatically from coast to coast, and many are deeply concerned about what our big metropolitan areas will look like if this trend continues into 2021 and
The old axiom of what goes up must come down, is particularly fitting right now for fuboTV (FUBO). The sports-focused streaming platform came hurtling out of the gates following its public debut in October, with shares increasing more than five-fold in little over two months. However, over the past 7 days, the stock has handed
Check out the companies making headlines before the bell: SAP – The German business software company’s stock is moving higher after it announced its Qualtrics unit has filed to go public. Qualtrics – which specializes in customer relationship software – is expected to be valued at $12 billion or more, compared to the $8 billion SAP
Wall Street has mixed feelings about penny stocks. These tickers changing hands for less than $5 per share either draw investors in with their high return potential or send them running for the hills, but why? When we say high return potential, we aren’t exaggerating. The bargain price points allow investors to snap up more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.
by Martin Armstrong In November, all restaurants and cultural institutions such as museums, opera houses, cinemas, and events had to close. Every day demonstrations take place against these restrictions. Just 10 days before Christmas, on December 16th, Germany added more restrictions with a second strong lockdown where all schools and the retail industry had to
Novavax announced the initiation of the pivotal Phase 3 study of NVX-CoV2373, its COVID-19 vaccine candidate, in the US and Mexico after delaying the start twice. However, shares closed almost 10% lower on Monday as it looks like investors took the opportunity for some profit-taking. Specifically, Novavax (NVAX) disclosed that the Phase 3 trial will
by Michael Snyder Well, it looks like we are going to get $600 stimulus payments from the federal government after all. Oh goody! For the millions of Americans that are on the brink of being evicted from their homes, that will be enough for about half a mortgage payment or about half a month of
The Chinese government‘s crackdown on Alibaba (BABA) continues. Following the regulators’ suspension of sister fintech company Ant Group’s IPO, the government has now launched an antitrust investigation into alleged monopolistic practices. The probe centers around allegations the company coerces merchants to sign forced exclusivity agreements, thereby stifling competition. As a result, shares of Alibaba have
Check out the companies making headlines before the bell: Alibaba – The China e-commerce giant saw its shares plunge for the second straight session overnight to their lowest level since June. Alibaba announced it was increasing its share buyback program to $10 billion from $6 billion, but the move failed to ease concerns about a
United Therapeutics Corporation has announced that it has agreed to buy a Priority Review Voucher (PRV) for $105 million, which it plans to use with an application to get a new drug approved by the U.S. Food and Drug Administration (FDA). The PRV allows United Therapeutics to receive an expedited eight-month review of the new
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he sees a “less drama-filled” news flow for the company in 2021. “We expect Nikola to
by Sunshine Profits After awakening from its slumber last week, the USD Index may be in the early innings of a short-term breakout. Bursting with energy, the dollar basket closed (on Dec. 22) above its declining resistance line (although more data is needed to confirm a larger move). And to quote Francis Bacon, because “we rise
E-commerce giant Alibaba Group announced that its board of directors has authorized an increase in the company’s share repurchase program to $10 billion from $6 billion. Alibaba’s (BABA) upsized share repurchase program will be effective for a two-year period through the end of 2022. The company commenced the execution of its share repurchase program in
With 2020 winding down, there’s a growing belief that 2021 is going to be a growth year for the stock markets. The US elections have returned a divided government, one unlikely to have the broad majorities – or the broad support – needed to enact wide-ranging reform legislation from either the right or left, and