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Northland Cuts Stamps.com To Hold Despite 2Q Earnings Beat

Northland Securities cut Stamps.com's stock rating to Hold from Buy citing its high valuation. The downgrade comes shortly after the company's 2Q earnings released on Aug. 6 surpassed Street estimates. Stamps.com shares soared almost 18% on Friday, taking their year-to-date rally to 270%.Northland analyst Tyler Wood maintained Stamps.com's (STMP) price target of $280 (9.5% downside…

Novavax Inks Vaccine Deals In Japan, India; Analyst Sees 70% Stock Upside

Novavax announced a partnership with Takeda Pharmaceutical to sell up to 250 million doses of NVX‑CoV2373, its COVID-19 vaccine candidate, a year in Japan.As part of the partnership, Novavax (NVAX) will license COVID-19 vaccine technology to Takeda for local production and commercialization in Japan. In exchange, Novavax will receive payments based on the achievement of…

2 Top Coronavirus Stocks with Massive Upside Potential

Anywhere you turn, COVID-19's impact can be seen. The deadly virus’ romp around the world and the lockdowns that ensued have had a devastating effect on the economy, with this made abundantly clear by the decline in GDP as well as the high unemployment rate. What else came out of the global pandemic? The crisis…

Doris Buffett, Philanthropist Sister of Warren, Dies at 92

(Bloomberg) — Doris Buffett, a philanthropist who with the financial assistance of her billionaire brother Warren Buffett gave life-changing gifts to people down on their luck, has died. She was 92.Buffett died at her home in Rockport, Maine, on Tuesday, surrounded by family and friends, listening to Billie Holiday music, according to her grandson Alexander…

Tencent in Talks to Create $10 Billion Streaming Giant

(Bloomberg) — Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the matter said, in a deal that would allow it to dominate the $3.4 billion arena.The Chinese social media titan — which owns a 37% stake in Huya and 38% of…

Trump Versus Trump as President’s Son Opposes Alaska Mine Site

(Bloomberg) — Donald Trump Jr. took to Twitter on Tuesday to oppose a mining project in southwestern Alaska that his father’s administration has previously supported.Trump Jr. said he “100%” agreed with Vice President Mike Pence’s former chief-of-staff Nick Ayers in opposing the Pebble Mine, which has known deposits of copper, gold and other metals, saying…