|
 Shares of vaccine makers rose sharply again on Thursday, amid rising concerns about the outbreak of a new coronavirus in Wuhan, China that has led the authorities to quarantine the city of 11 million. Novavax Inx. , which developed a vaccine for MERS (Middle East respiratory syndrome) in 2013, gained 9% in early trade, while Moderna Inc. was up 2%. The company said it will work with the Coalition for Epidemic Preparedness Innovations (CEPI) to develop a vaccine to treat the new illness. Inovio Pharmaceuticals Inc. shares rose 9%, after that company said the CEPI has given it a grant of up to $9 million to develop a vaccine against the virus. NanoViricides , which rallied on the first reports of the news before falling back after it issued 2.5 million shares, soared 45%. The virus was first identified in December in Wuhan City, China. It has since sickened more than 599 people, including a U.S. resident who had traveled to Wuhan this month, according to the Centers for Disease Control and Prevention. China has reported 17 deaths. Health officials now believe the virus is spread human to human. The SPDR S&P Biotech ETF has gained 18% in the last 12 months, while the S&P 500 has gained 26%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
 The stock analysts at Goldman Sachs have been busy. The bank - one of the world's largest and most influential investment and financial services organizations, with alumni in government positions throughout the major Western nations - maintains a cadre of Wall Street experts, who keep close tabs on the constant shiftings of the stock markets. The result is a wealth of expert opinion, backed by data, on the current go-to investments.All of this is bread and butter for TipRanks, a platform that makes financial recommendations accountable, and expensive institutional datasets available, to all investors. We've pulled up three of Goldman's recent tech sector stock picks, and run them through TipRanks' Stock Screener tool to confirm that Goldman is in the majority on Wall Street in recommending these equities.So, here are the results. Three tech stocks that usually fly under the radar - but Goldman sees them all with more than 15% upside potential in the coming year.GSX Techedu, Inc. (GSX)First on our list is an education-related tech stock from China. GSX is a software company, providing educational packages for after-school tutoring. The company is a leader in the K-12, large-class, after-school market in China, an important segment in a culture that puts a premium on education.A combination of factors worked to push GSX shares sharply upward in December - as much as 24%. While's China's overall economic growth has been slowing in recent years, and the trade tensions with the US have put pressures on most s
|
|
Vans parent VF Corp. shares fell 1.7% in premarket trade Thursday, after the company posted weaker-than-expected sales for the third quarter. The company said it had net income of $465.0 million, or $1.16 a share, in the quarter, after income of $463.5 million, or $1.16 a share, in the year-earlier period. Adjusted per-share earnings came to $1.23, ahead of the $1.21 FactSet consensus. Revenue rose to $3.385 billion from $3.228 billion, just below the FactSet consensus of $3.433 billion. The company, which also owns the Timberland brand, completed the spinoff of its jeans business in May, including Wrangler, Lee and Rock & Republic brands, as well as the VF Outlet business, which was spun off into a separate traded company under the name Kontoor Brands Inc. On Tuesday, the company said it is reviewing strategic options for some of its work brands, which make uniforms and work clothing for American workers. It now expects fiscal 2020 revenue from continuing operations of about $11.75 billion and adjusted EPS of $3.30. The FactSet consensus is for EPS of $3.37 and revenue of $11.85 billion. Shares have gained 21% in the last 12 months, while the S&P 500 has gained 26%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Private Label