Goldman Sachs sees reasons to like Avidity Biosciences . Analyst Corinne Johnson initiated coverage of the biopharmaceutical stock focused on unique diseases at a buy rating. Johnson’s $59 price target implies shares can rise 35.6% from Monday’s close. “Our positive view of the company is based on what we view as multi-blockbuster, first-to-market commercial opportunities … coupled with the scalable nature of the company’s antibody oligonucleotide conjugate platform,” Johnson wrote to clients. Johnson pointed to two specific areas where the company can lead. The first is del-brax, a drug designed to fight facioscapulohumeral muscular dystrophy, or FSHD, which has estimated…
Author: usaeverydaylife
A few stocks could ride the market’s momentum and see a breakout ahead, according to a bullish price chart pattern that is closely watched by technical analysts. McDonald’s and Cisco Systems are among the companies that have recently formed the “golden cross” pattern , a phenomenon that occurs when an asset’s 50-day moving average rises above an upwardly sloping 200-day moving average. These stocks could be poised for a strong run as the three major U.S. indexes also head toward a monthly gain. The 30-stock Dow is up 1.4% in September, and the S & P 500 and Nasdaq Composite…
Avishek Das | Lightrocket | Getty ImagesTrump Media shares turned higher Tuesday as the company behind Truth Social looked to pull up from a downward spiral that coincided with company insiders, including majority owner Donald Trump, getting clearance to start selling their stock.DJT shares climbed as much as 7% in heavy trading shortly after the opening bell. The stock was up more than 5% as of 2:30 p.m. ET.The upswing followed six straight trading days in the red, which drove Trump Media stock down more than 32%.Stock Chart IconStock chart iconTrump Media (DJT) Stock PriceThat dive was just the latest…
It seems like college football fans are booing the home teams and players more often, which goes right along with college football players getting paid in the open and college athletic departments early in the stages of asking for even more money so they can share court-mandated revenue with the players on top of name, image and likeness.First of all, boo until your voice is gone. If you pay hard-earned money for a ticket to a college football game, you should be allowed to let fly with any non-offensive utterance at the highest possible volume. And yes, that includes boos…
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesElliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shake-up that it hoped might stave off a proxy fight.The push comes days before the airline’s investor meeting, where it is expected to unveil improvements and operating changes. Elliott is seeking to oust CEO Bob Jordan and Executive Chairman Gary Kelly, the latter of whom has already committed…
With China’s central bank revealing its most aggressive stimulus since the pandemic, the Shanghai Stock Exchange Composite Inde x ripped higher by more than 4%. Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday. (It’s priced in U.S. dollars; thus, it’s affected by currency fluctuations). When a huge piece of news causes a massive move in any stock or ETF, the question always is whether it’s now too late to buy? First, every time significant…
Agriculture is responsible for more than 10% of global carbon emissions, according to the U.S. Environmental Protection Agency. But while agriculture is a massive carbon offender, it could now be part of a solution, as startups are trying new ways of using nature to save itself.Farmers have long spread crushed lime on their fields to balance soil acidity, improve its structure and increase the nutrients available for crops. Startups such as Lithos, UNDO Carbon and California-based Eion are experimenting with several types of carbon-absorbing rocks that can accomplish what lime does while permanently removing carbon from the atmosphere at the…
Republican presidential nominee, former U.S. President Donald Trump arrives for a campaign event, his first since a man carrying a rifle was arrested Sunday near where Trump was playing golf at his club in Florida, in the Dort Financial Center on September 17, 2024 in Flint, Michigan. Scott Olson | Getty ImagesFormer President Donald Trump has made headlines over the past week with yet another surprise economic policy announcement. After promising free in vitro fertilization treatments for women, no federal income tax on tips, tax-free overtime pay and no income tax on Social Security benefits, Trump now says that if he is…
It’s only Week 4 in the NFL, and already the league has given us plenty of surprises. Some of them have been good (Hello, Seattle Seahawks). Some have been bad (Sorry, Trevor Lawrence).This week the Power Rankings have dug deep to find something surprising on each team, and we’ll start the surprises right off the top because we’ve got a new No. 1.Last week: 2Monday: Beat Jacksonville Jaguars 47-10Surprise: That all of their offseason losses haven’t hurtIn fact, some of them might have helped. The Bills scored touchdowns on their first five possessions Monday night and led 34-3 at halftime.…
U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will “close on its merits” despite President Joe Biden’s vocal opposition.”We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it strengthens economic security and it strengthens job security.”Biden has publicly vowed that U.S. Steel will remain American-owned. Two people familiar with the matter told NBC News earlier this month that the president is preparing to formally block the $14.9 billion sale. Vice President Kamala Harris and…
