Gilead Sciences’ stock surged more than 8% on Friday, as its latest earnings drew the consensus from Wall Street that the company’s HIV franchise is not only holding firm but expanding, with its new prevention drug Yeztugo poised to be a catalyst for future growth. Analysts from leading firms upgraded…
US President Donald Trump and Russian President Vladimir Putin are set to meet in Alaska on August 15, for talks aimed at ending the war in Ukraine. It’ll be their first sit-down since Trump’s second term began, and Putin’s first trip to the US in about ten years. Alaska makes…
The Vanguard S&P 500 ETF (VOO) remained in a tight range this week as investor sentiment weakened and as the earnings season continued. The VOO ETF was trading at $580, a few points below the all-time high of $587. This article explains why the fund is about to surge.VOO ETF…
Pinterest stock price suffered a harsh reversal, crashing by over 10% in extended hours after the company published mixed financial results. PINS fell to $34.95, down by over 12% from the year-to-date high. It remains 47% higher than the lowest point this year. Pinterest user and revenue growth has deterioratedPinterest is…
Snap stock price suffered a major reversal this week, erasing the gains made in the past few months. It plunged to a low of $7.5, down by over 27% from its highest point in July. It has dropped to the lowest level since April this year and by 57% from…
Firefly Aerospace made a powerful entrance to the public markets on Thursday, surging more than 50% in its Nasdaq debut. Trading under the ticker symbol FLY, the stock opened at $70 per share, significantly above its IPO price of $45. The company had priced its shares late Wednesday above the…
Goldman Sachs analyst Asad Haider says investors are overreacting to the late-stage data Eli Lilly & Co (NYSE: LLY) reported for its experimental oral obesity pill, orforglipron, on Thursday.Lilly reported blockbuster results for the second quarter and raised its full-year guidance on August 7th.Still, the healthcare stock tumbled after management…
The FTSE 100 Index pulled back this week as many British companies like Intercontinental Hotels, Legal & General, BP, and Flutter Entertainment published their earnings. The Footsie Index also reacted to the Bank of England (BoE) interest rate decision in which it decided to cut interest rates by 0.25%. This article…
Asian stock markets rose on Friday, with a powerful rally in Japanese shares leading the way, as investors reacted positively to signs of easing trade tensions between Japan and the United States. While technology stocks also gained on strong earnings, a more cautious mood prevailed elsewhere, with Indian benchmarks like…
India’s domestic institutional investors stepped in with their largest purchase of local stocks in four months on Thursday, providing a crucial cushion to a market that was reeling from President Donald Trump’s recent escalation of tariffs. This powerful show of domestic support helped to offset foreign outflows and stabilize the…