The market showed strength throughout Monday’s session as progress on the next stimulus bill and perhaps some bargain hunting after last weeks' declines fueled gains. Continued good news on a possible vaccine development was also in focus after Moderna (MRNA) said it has begun Phase 3 trials, with results expected by November. The Nasdaq closed at 10,536 (+1.7%) after trading to a late day...
Continue reading >>Keep an eye on Plug Power (PLUG). Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug's results. Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. "We believe these additions to the portfolio...
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Continue reading >>The market traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess.The losses were the first for the major indexes in 4 weeks as July has been a...
Continue reading >>The market settled higher on Wednesday despite ongoing U.S.-China tensions, ongoing virus uncertainty, and signs that central banks are shifting away from crisis mode. The small-caps and Tech were the most volatile sectors but the late day overall strength was enough to pull back into positive territory into the closing bell.Speculation over the content of a second stimulus package and ongoing...
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