It has been a roller coaster 2020 so far for nano-cap biotech Iterum Therapeutics (ITRM). Over the past two trading sessions, ITRM shares surged nearly 85% after a regulatory path was outlined for the company’s oral tablet sulopenem for the treatment of uncomplicated urinary tract infections (uUTI) in patients with a quinolone-resistant pathogen. However, Iterum’s
Stock Market
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Job growth in September was expected to have been less robust than August as some companies made layoffs permanent and others looked to trim costs. The September report, released Friday at 8:30 a.m. ET, is expected to show 800,000
In the final leg of 2020, does the market have what it takes to reach a record high? If you ask J.P. Morgan, the answer is yes. According to strategist Dubravko Lakos-Bujas, the S&P 500’s earnings are bouncing back more quickly than expected thanks to the Federal Reserve’s accommodative monetary policy, global reopenings and long-term
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in part from increased snack purchases by homebound consumers. PepsiCo said it
Shares of Memory chip specialist Micron (MU) trended downwards on Wednesday following the release of the company’s FQ4 results. Micron reported revenue of $6.06 billion, a 24% year-over-year increase and coming in ahead of the estimates by $170 million. Non-GAAP (adjusted) net profit almost doubled from the same quarter last year to clock in just
Photo by Gage Skidmore | CC BY | Cropped From Birch Gold Group For obvious reasons, an election year means the potential for big changes in taxes, retirement, and investments. This election season, should former Vice President Joe Biden defeat President Trump, the first of these potential changes could come to your 401(k) in the form of overhauling how the tax breaks
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday
In the first week of September, the markets saw a sudden drop from peak values. That fall was most pronounced in the NASDAQ index, which dropped from 1,200 points – some 10% – in just 5 trading sessions. Since then, however, the situation has stabilized. Stocks have bounced up and down, but the NASDAQ has
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
Director of National Intelligence John Ratcliffe has transmitted evidence to the Senate Judiciary Committee showing notes written by CIA Director John Brennan that Hillary Clinton campaign advisors created a “proposal to vilify Trump by stirring up scandal claiming interference by Russian security services” on July 26th of 2016. [pdf link] This appears to be the explosive evidence
Walt Disney is planning to lay off 28,000 workers in its parks, experiences and consumer products segment. The massive job reduction comes as the media and entertainment company is struggling to operate with limited capacity. Shares of Disney are down 2.4% in Wednesday’s pre-market trading. Josh D’Amaro, Disney’s (DIS) head of parks, said that out
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir
by John Mauldin All debt shares one common characteristic. A bill comes due at some point and, if the borrower doesn’t pay, the lender either loses their money or finds someone else to pay. I’ve warned for several years now that our growing global debt load is unpayable. We will eventually “reorganize” it in what
NextEra Energy (NEE) made an attempt to buy peer Duke Energy Corp., the Wall Street Journal reported on Tuesday. However, Duke turned down NextEra’s takeover approach. Shares of NextEra Energy were marginally down, while Duke Energy gained 6.8% in the extended trading session amid deal speculations. According to the report, NextEra Energy is “testing the
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters Tuesday’s sell-off and recovery after a three-day bounce signals continued stock market volatility, and the possibility that the correction is not yet
by Ian56 Trump needs to take Arizona, Florida, Iowa, North Carolina and Ohio.He will then need 12 more Electoral College Votes to take the election. These could come from any one of the following 3 options:Pennsylvania (20)Michigan (16)Wisconsin (10) plus New Hampshire (4) Trump’s support is likely being under reported by circa 5% in Corporate
Put one “Battery Day” in the books, folks. On Tuesday, Sept. 22, CEO Elon Musk finally held his long-awaited presentation running down everything Tesla (TSLA) plans to do over the next decade to cut the cost of batteries, and extend the range (and lower the price) of Tesla’s electric cars. One of the key revelations:
by Martin Armstrong The central banks have been digging deeper and deeper into their monetary toolboxes in a vain hope of cushioning the COVID-19-induced shock, which has been orchestrated by this global effort to CRUSH the economy and redesign it in their image of a fossil-free world. The fake pandemic aside, the notion that the banks were
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose
McCormick (MKC) shares are down 2% in pre-market trading even as the spices and flavoring products company announced better-than-expected results for the third quarter of fiscal 2020, which ended Aug. 31. The company also announced a 2-for-1 stock split. Amid the pandemic, McCormick experienced robust demand for its products as people started cooking more at
Take a look at some of the biggest movers in the premarket: IHS Markit (INFO) – The financial information and analytics provider earned 77 cents per share for its latest quarter, 8 cents a share above estimates. Revenue was in line with forecasts. The company said it is seeing recovery at “varying speeds” in the
by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025). The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,200 then $5,500+. Extended basing may continue for
The COVID-19 pandemic has led to significant job losses and impacted consumer spending on several discretionary categories, including fashion and luxury goods. As per Boston Consultancy Group, fashion retailer sales could decline as much as 35% Y/Y in 2020 and luxury store owners could face sales deficits of 45%. The consulting firm also estimates that
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s price weakness should be met with aggressive buying, why you shouldn’t wait to invest in silver, and a newfound correlation between gold and Bitcoin. Gold’s dip is a massive buying opportunity
Yard signs supporting U.S. President Donald Trump and Democratic U.S. presidential nominee and former Vice President Joe Biden are seen outside of an early voting site at the Fairfax County Government Center in Fairfax, Virginia, September 18, 2020. Al Drago | Reuters If the presidential debate Tuesday results in a clear winner, there could be
Bull or bear market, no investment is a sure thing. Especially in the current financial environment, which remains riddled with uncertainty, finding compelling plays can be challenging for even the most seasoned market watchers. However, this is not to say that investment opportunities with stand-out growth prospects can’t be found. Roth Capital research analyst Zegbeh
BY JOHN MAULDIN Amid all 2020’s new problems, it’s easy to overlook the old ones. Yet they are still there and, like a silently spreading virus, silently getting worse. One such problem is debt, and specifically government debt. All debt shares one common characteristic. A bill comes due at some point and, if the borrower
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX
Citigroup raised its price target on Qualcomm (QCOM) stock on Monday to $132 (15.3% upside potential) from $108 citing strong earnings growth potential over the next year. Shares of the mobile chipset manufacturer were trading 1.7% higher in the pre-market trade today. Citigroup analyst Christopher Danely reiterated his Buy rating on Qualcomm. In a note to investors,
Check out the companies making headlines in the premarket Monday: Caesars Entertainment, William Hill — Shares of Caesar’s were up more than 6% after the casino operator disclosed a cash offer of 2.9 billion pounds to buy London-based sports betting site William Hill. London-listed William Hill shares dropped more than 10%. Snap, Spotify — An