Tag Archives: business-yahoo

Fortinet Slips 7% After-Hours As 2Q Billings Missed Estimates 

Shares of Fortinet plunged 6.6% in extended trading on Thursday after the company’s 2Q billings fell short of analysts’ expectations. The cybersecurity solution provider’s billings, a key sales growth metric, grew 14.3% to $711.5 million year-over-year but missed Street estimates of $712.1 million.Fortinet’s (FTNT) 2Q billings result reflects slowing traditi […]

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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 […]

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Bitcoin and Ethereum crash by more than 12% in 6 minutes as more than $1B of positions gets liquidated 

Bitcoin and Ethereum crashed by 12% and 20% respectively in about 6 minutes as more than $1 billion of positions were liquidated. Bitcoin’s price went from $11,930 to $10,550. By press time, the price has now recovered to about $11,400. Ethereum crashed from $408 to $326. By press time, the price has now recovered to […]The post Bitcoin and Ethereum crash by […]

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Pfizer Inc. Just Missed EPS By 16%: Here’s What Analysts Think Will Happen Next 

As you might know, Pfizer Inc. (NYSE:PFE) recently reported its second-quarter numbers. It was not a great result…

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Pfizer’s October Goal in Vaccine Race Scrutinized by Street 

(Bloomberg) — Wall Street analysts and specialists are weighing the possibility that Pfizer Inc. and BioNTech SE may file their Covid-19 vaccine candidate with regulators by October after the pair said a late-stage Covid-19 vaccine study kicked off on Monday evening.Pfizer rose Tuesday on the announcement with its German partner, just hours after similar ne […]

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Is Nokia Stock a Buy Right Now? This Is What You Need to Know 

The days when Nokia (NOK) handsets were all the rage are now a bygone era. The former market leader sold its phone business to Microsoft in 2014, and although today the Finnish tech company remains a major multinational telecommunications player, since the “glory years,” shares have been in decline.However, following the coronavirus infected bloodbath, share […]

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Oxford-AstraZeneca Covid Vaccine Study Shows Dual Immune Action 

(Bloomberg) — A coronavirus vaccine the University of Oxford is developing with AstraZeneca Plc showed promising results in early human testing, a sign of progress in the high-stakes pursuit of a shot to defeat the pathogen.The vaccine increased levels of both protective neutralizing antibodies and immune T-cells that target the virus, according to the stud […]

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AstraZeneca Pops Ahead of Covid-19 Vaccine Data Report Due July 20 

Shares in AstraZeneca (AZN) spiked almost 5% in after-market trading amid a report that early-stage human trial data on the drugmaker’s coronavirus vaccine candidate will be disclosed on July 20.The stock rose to $60.60 in Wednesday’s extended trading after earlier jumping 7%. Data results from the Phase 1 trial of the potential coronavirus vaccine, also kno […]

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Moderna Soars 16% As Covid-19 Vaccine Shows Strong Immune Response 

Moderna (MRNA) soared a further 16% in Tuesday’s after-market trading after the biotech announced the publication of an interim analysis of the open-label Phase 1 study of mRNA-1273, its vaccine candidate against COVID-19.Results reaffirmed positive interim data assessment announced on May 18, said Moderna, and show mRNA-1273 induced rapid and strong immune […]

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Nokia rolls out software upgrade to 5G 

The Finnish firm hopes the software will help it in its battle against Huawei and Ericsson for next wave of 5G orders as the technology should allow carriers to save on costs. “This solution will save the telecommunications industry potentially tens of billions of euros in site engineering and re-visit costs,” Nokia said in a statement.

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Boeing Nabs $23B US Air Force Contract; First Fighter Jet Order Now In 

The U.S. Air Force has awarded Boeing (BA) a nearly $1.2 billion contract to build the first lot of eight F-15EX advanced fighter jets to help the service meet its capacity requirements and add capability to its fighter fleet. The award also covers support and one-time, upfront engineering costs.Already under construction at the Boeing F-15 production facili […]

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Has Apple Surged Too Far, Too Fast? Analyst Weighs In 

With the market getting extra frothy, it is legitimate to wonder whether we are in the midst of a bubble. Despite the growing disconnect between Wall Street and Main Street, the surge has been almost relentless since the coronavirus inflicted meltdown in March. Tech stocks, in particular, have outperformed, including the world’ largest company by market cap […]

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Buy Into the Shopify Story for the Long-Term, Says 5-Star Analyst 

E-commerce platform Shopify (SHOP) joined the $1,000 per share club last week, symbolically reaching the landmark on Canada Day. The Ottawa-based company has delivered a strong performance in 2020, with shares up by a remarkable 159% year-to-date. Given this impressive rally, should investors reduce exposure to the e-commerce highflyer?No, is the succinct an […]

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Tesla No Longer Even A Growth Company; Going Bankrupt: Shortseller 

Stanphyl Capital letter to investors for the month ended , 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 […]

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Tesla No Longer Even A Growth Company; Going Bankrupt: Shortseller 

Stanphyl Capital letter to investors for the month ended , 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 […]

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