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Month: January 2021
Trading Signals

AstraZeneca plc (AZN) Claims Its COVID-19 Vaccine Is Safe For People 65 And Older

After the German government recommended its administration to people aged 18 to 64 years of age only, AstraZeneca plc (AZN) defended its vaccine’s effectiveness against the new coronavirus in the elderly. A spokesman for the British-Swedish group AstraZeneca plc (AZN) explained that the newest analysis “supports this hypothesis” of vaccine effectiveness for those over 65, pending a decision by the European Medicines Agency “which is expected to come on Friday. Boris Johnson, the British Prime Minister, who expressed approval for the vaccination for the elderly, stressed that the British Authority for Health Products recognized the vaccine to be effective and

DOYU
Stock Investing

The EU Commission and AstraZeneca plc (AZN) Ceased Talks Over Coronavirus Vaccine

Pharma giant AstraZeneca plc (NASDAQ: AZN) pulled out of talks in Brussels in response to delays in the coronavirus vaccine delivery, a development that represents another escalation between the company and the European Union, as reported by Bloomberg. European Union officials have been pressuring the company to rethink its decision to leave because they want to know about what has happened to vaccine deliveries, an official said. However, AstraZeneca has not confirmed its departure.  An online interview with AstraZeneca plc (AZN) CEO Pascal Soriot was published in the Italian La Repubblica in response to his company’s defense against the criticism leveled

SLGG
Trading Signals

It Turns Out COVID-19 is a Nightmare for AMC Entertainment (AMC)

AMC Entertainment Holdings Inc. (NYSE: AMC) has lost more than 60% of its value in the past year. The restricted social life and cancellation of high-profile premieres caused losses. However, the New Year is unlikely to bring much improvement. Although deferred demand is strong, AMC Entertainment is unlikely to achieve its financial target in the short to medium term. AMC Entertainment is facing the possibility of bankruptcy. The company’s management warned in October 2020 that it would likely have to initiate bankruptcy proceedings by early 2021 if it did not receive additional funding. AMC Entertainment’s creditors asked the company to
Equity News

How Likely Is General Motors Stock To Perform?

The recent announcement that the car giant General Motors (GM) has entered into an alliance with Microsoft Corporation (MSFT) in the project for the manufacture of autonomous cars has stimulated the market. In the Cruise initiative, which is designing self-driving vehicles capable of playing the function of robotaxis and robcurriers, the two companies took part in another $2 billion investment round. The explanation for the swift investor response to the announcement of a deal with Microsoft was that GM’s autopilot segment could be taken to a whole new level by the IT giant. In terms of cloud server power, Microsoft
Trading Signals

What to Expect When Intel Corporation (INTC) Reports Quarterly Earnings

Although Intel Corporation (INTC) released its fourth-quarter results before the end of the trading session, its stock price surged in the last minutes of trading. The stock closed 6.5% higher at $62.46, with the company announcing sales during the holidays and an outlook for the first 62.46. Their net profit was ($5.86 billion) or $0.42 per share in the fourth quarter, compared to ($6.61 billion) or $0.58 per share during the same period last year. The adjusted earnings per share for Intel during the period were $1.52, the same as in the previous year. With analysts surveyed by FactSet forecasting
Stock Investing

Is Peloton Interactive (PTON) up to the challenge?

Because of COVID-19’s outbreak, we have adopted a drastically different lifestyle. One beneficiary of social restrictions is Peloton Interactive Inc. (PTON), a home fitness equipment and content maker. Sales increased, and PTON stock grew thanks to the closed gyms. Shares of Peloton Interactive Inc (PTON) are up 2.68% year-to-date and moved 3.76% or $5.65 higher in the last trading session. The stock’s trailing 12-month performance is close to 386.84% higher. Currently, the stock is up 2.68% YTD and 17.13% over the trailing 3-month period. Its performance for a week went down by -0.16%, and for a month, it went up

OPEN Stock
Trading Signals

Acacia Communications Inc (ACIA) – Cisco Systems Inc (CSCO) deal has overcome the last hurdle

The Chinese government has approved the Cisco Systems Inc (CSCO) deal to purchase Acacia Communications Inc (ACIA). An earlier agreement almost failed, but now the two industry leaders are seeking to merge. This would result in the first-ever all-in-one communication equipment manufacturer. Chinese authorities have authorized the merger of Cisco and Acacia Communications Inc (ACIA). Cisco is delighted with this news as it continues to work hard to close the deal. For the deal to accomplish, Cisco increased its offer this month despite a ban imposed by Chinese regulators on Acacia to pull out of the deal. The company has
Stock Investing

Why Tellurian Inc (TELL) soared 25%

Stocks of Tellurian Inc (NASDAQ: TELL), a liquefied natural gas (LNG) supplier, rose following an encouraging announcement by its management. TELL stock was trading 52.85% away from its 20-day Simple Moving Average. The company achieved a weekly performance of 43.92% compared to its annual performance of -73.21%. Oil & gas sector giant Tellurian Inc employs 176 people, and its Market capitalization is 561.81M. TELL stock jumped 25.29% to close at $2.13 on the last trading session. Tellurian reports that construction is slated to begin on the LNG export terminal at Driftwood in summer 2021, intended to refuel LNG tankers. The
Stock Investing

Pinduoduo (PDD): Factors That Can Drive E-commerce Retailer High

Over the year, online retailer Pinduoduo Inc. (PDD) has risen more than 308 percent. The group displayed rapid sales growth and expansion in promising business areas throughout the last year. Any of Pinduoduo’s growth variables are long-term. After Alibaba and JD.com, Pinduoduo is China’s third-largest e-commerce site. Its difference from rivals is the ability for consumers to collaborate and to make mutual transactions. Pinduoduo has been establishing a lucrative segment for the selling of agricultural products in recent quarters. At the same time, also in this category, the organization embraces the community purchasing feature, which decreases the total cost per

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Market Activity

U.S. Closed A Bit Down, Waiting For Biden’s Announcement

On Thursday, hours before President-elect Joe Biden unveiled a large initiative to help the U.S. economy in the wake of the coronavirus epidemic, the New York Stock Exchange finished marginally lower. The media was concerned around two trillion dollars, in comparison to the 900 billion dollar proposal adopted in late December. Fed President Jerome Powell, for his part, has told the U.S. central bank that it is not going to minimize its funding for markets. Jobless registrations surged last week in the U.S. work market, topping a million in the wake of a revival of the Covid-19 outbreak. At the

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