Stock Market

In this article .AD.IXIC An ASL Airlines Boeing 737-400 freighter landing at Milan Malpensa airport. Fabrizio Gandolfo | LightRocket | Getty Images Check out the companies making headlines in midday trading. Intellia Therapeutics – Intellia shares surged 56% after the company announced positive results from a phase one study, along with partner Regeneron, of a gene-editing
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Crypto currencies have been around long enough that we can’t really describe them as ‘the next big thing’ anymore – they’re here and they’re part of the financial landscape. For stock traders, the rise of crypto brings a unique opportunity – not only in crypto currencies themselves, but in the technology that supports them. The
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Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing is not likely to receive certification for its 777X long-range aircraft until mid-to-late 2023 at the earliest. That’s according to a letter from a Federal Aviation Administration official to Boeing that was obtained by CNBC, saying there were numerous
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Sharing is Caring! by Martin Armstrong This bipartisan deal on new infrastructure spending that President Biden has reached this week with a group of “moderate” Democrats and “liberal” Republicans in the Senate represents a significant departure with respect to the Internal Revenue Service. Hidden within the claimed “infrastructure bill” you find $40 billion to beef
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Oh boy, crypto miners. Companies like SOS Limited (SOS) have been on a rocky ride of late, to say the least. Since hitting a high of nearly $16 per share earlier this year during the initial meme stock rally, shares of SOS stock have been on a downward trajectory. Currently, SOS stock trades at around
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Microsoft (MSFT) stock has been hitting new all-time highs this week. The tech giant has also clocked another landmark achievement, becoming the second company apart from Apple to reach a market cap exceeding $2 trillion. However, where Apple’s performance year-to-date has underwhelmed, Microsoft’s display has been typically sure-footed. It’s a big milestone week which also
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Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
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Memory giant Micron (MU) will take center stage next week when it delivers May quarter (F3Q) results on Wednesday (June 30, AMC). As the company already made a positive preannouncement on the quarter’s action a few weeks ago, Deutsche Bank’s Sidney Ho isn’t anticipating “many surprises.” Micron sees revenue coming in at or even above
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Skincare solutions provider The Beauty Health Company (SKIN) is expanding its international footprint by acquiring four distributors in Germany, Australia, France, and Mexico for a total consideration of $35 million. The purchases are expected to be accretive to BeautyHealth’s bottom line and have either closed or expected to close in June. Of the total consideration,
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Sorrento Therapeutics (SRNE) is a company with its foot on the gas, and hardly a week goes by without new developments. This week is no different. On Tuesday, the biotech announced a multi-year Cooperative Research and Development Agreement (CRADA) with the U.S. Naval Medical Research Unit (NAMRU-3). The partnership’s aim is to conduct infectious disease
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Sharing is Caring! BY JOHN RUBINO Back in 2018, the Fed tried to moderate its post-Great Recession emergency policy of low interest rates and torrential money printing. It reduced (or tapered) its asset purchases and, in a series of tiny steps, boosted short-term interest rates by about one percentage point. And the financial markets, by then
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Global digital payments network Visa (V) has signed a definitive agreement to buy open banking platform Tink for €1.8 billion. The transaction will be funded with cash in hand and retention incentives. Tink allows financial institutions, fintech companies, and merchants to access aggregated financial data, use smart financial services such as risk insights and account
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Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker’s shares surged 8.7% in the premarket after Lilly’s Alzheimer’s treatment received “breakthrough therapy” designation from the Food and Drug Administration. The designation means the treatment may show substantial improvement over existing therapies and qualifying it for expedited
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Sharing is Caring! Authored by Sven Henrich via NorthmanTrader.com, Oops, he did it again. The second there was any concern in markets about tapering or the potential of earlier than expected interest rate hikes as suggested in last week’s Fed dot plot Jay Powell hurried to assure investors that the dot plot was meaningless and
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Sulzer AG (SULZF – Research Report) received a Buy rating and a CHF140.00 price target from Kepler Capital analyst Torsten Sauter on June 22. The company’s shares closed last Wednesday at $134.00. According to TipRanks.com, Sauter is ranked #2181 out of 7558 analysts. Sulzer AG has an analyst consensus of Moderate Buy, with a price
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