Once again, Baird analyst Colin Sebastian is singing Amazon’s (AMZN) praises.Extra emphasis on the again here. The coronavirus has wreaked havoc on all aspects of daily life but what it has also inadvertently done, is provide Amazon with a monster surge in demand that shows no signs of slowing down. With the $1 trillion market…
Joe Biden's tax plan may wallop the stock market — here's one disturbing estimate
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This market veteran offers a grim assessment on markets if Joe Biden's tax plan goes through should he win the presidency.
Energy Transfer Vows to Keep Pipeline Open After Court Order
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(Bloomberg) — Two days after a judge ordered the controversial Dakota Access oil pipeline to shut by early August, its owner Energy Transfer LP is continuing to schedule shipments and has made no moves to take it offline.The Dallas-based company run by billionaire Kelcy Warren said Wednesday that it’s not currently emptying the pipeline and,…
What Type Of Shareholders Make Up Altimmune, Inc.'s (NASDAQ:ALT) Share Registry?
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If you want to know who really controls Altimmune, Inc. (NASDAQ:ALT), then you'll have to look at the makeup of its…
Bellus Health Craters 72% On Chronic Cough Miss; Analyst Still Says Buy
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Shares in biopharma Bellus Health (BLU) cratered 72% in Monday’s trading, after the company announced disappointing topline results from its Phase 2 RELIEF trial of BLU-5937 in patients with refractory chronic cough.The Phase 2 RELIEF trial of BLU-5937 did not achieve statistical significance for the primary endpoint of reduction in placebo-adjusted cough frequency at any…
3 Coronavirus Penny Stocks With Triple-Digit Upside Potential
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Out on the Street, it’s full speed ahead. Despite the chaotic events of 2020, the S&P 500, which is coming off of its best quarter in more than 20 years, is down by only 2% year-to-date. Somewhat remarkably, the market has continued to charge forward as the number of new COVID-19 cases surges. As COVID-19…
Tesla mocks shortsellers with sale of red satin shorts
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Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn. The “Short Shorts” on the Tesla shop website feature gold trim and “S3XY” in gold across the back, which also happens to be formed from Tesla model names.
Stock market news live updates: Stock futures rise even as coronavirus cases set records in FL, TX
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Stock futures opened slightly higher Sunday evening, even as coronavirus cases continued to march higher globally and domestically.
Tesla No Longer Even A Growth Company; Going Bankrupt: Shortseller
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Stanphyl Capital letter to investors for the month ended June 30, 2020, discussing their short thesis for Tesla Inc (NASDAQ:TSLA) and other positions in several small-cap stocks. For June 2020 the fund was down 3.9% net of all fees and expenses. By way of comparison, the S&P 500 was up 2.0% while the Russell 2000 was up…
Amarin Corporation plc (NASDAQ:AMRN): Is Breakeven Near?
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Amarin Corporation plc's (NASDAQ:AMRN): Amarin Corporation plc, a pharmaceutical company, develops and commercializes…
World’s Largest Pension Fund Loses $165 Billion in Worst Quarter
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(Bloomberg) — The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period.Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three months ended March, it said in Tokyo on Friday. The…
After Gilead Reveals Remdesivir Pricing, Analyst Sees Significant Revenue Upside
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The coronavirus marches on, but healthcare names all over the world are fighting back. Earlier this week, Gilead Sciences (GILD), the manufacturer of COVID-19 antiviral drug remdesivir, revealed the pricing plan for the treatment. A five-day course of remdesivir will be sold to governments of developed nations, including the US, for a price of $2,340…