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Verastem Inc (NASDAQ: VSTM) opened nearly 70% down this morning even though the pharmaceutical firm reported positive interim data for its combination therapy as a treatment of pancreatic cancer. Here’s what is hitting $VSTM todayThe oncology company commenced a regulatory submission aimed at U.S. approval for avutometinib and defactinib as well on Friday. But Verastem stock still crashed today primarily because the biotech firm restricted its NDA application for accelerated approval to “adult patients with recurrent KRAS mutant low-grade serous ovarian cancer”. That’s significant because it e...
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Walmart Inc (NYSE: WMT) is in the green at writing after announcing an end to its years-long agreement with Capital One Financial Corp (NYSE: COF). What does it mean for existing cardholders?$COF has been exclusively issuing Walmart Consumer Credit Cards since 2019. Last year, however, the retail behemoth accused it of being too slow in replacing lost cards and making transactions appear on cardholders’ accounts. While Walmart has now decided to part ways with Capital One, it does not immediately change things for existing cardholders, as per the press release on Friday. Cardholders can contin...
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A 5.0% dip in Snowflake Inc (NYSE: SNOW) following its Q1 earnings report is an opportunity to buy a quality name at a discount, says Michael Turrin – a Wells Fargo analyst. Snowflake stock has a 50% upside from hereTurrin recommends buying $SNOW as he sees potential in it to climb all the way up to $225. That suggests a near 50% upside from here. The NYSE listed firm came in shy of Street estimates for per-share earnings in its fiscal first quarter last night. Still, the Wells Fargo analyst cited significant market opportunity and strong operational performance as reasons to own Snowflake sto...
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Toll Brothers Inc (NYSE: TOL) is trading up in extended hours on Tuesday after coming in ahead of Street estimates for its fiscal second quarter. Toll Brothers stock up on impressive guidanceThe stock is gaining also because the management issued upbeat guidance for the future. $TOL now expects to deliver up to 2,850 units in Q3 at an average price of between $950,000 and $960,000. The construction company forecasts about $14 of EPS this year versus analysts at $13.77. Douglas C. Yearley Jr. – the chief executive of Toll Brothers said in a press release today: Demand for new homes continues to...
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Biodexa Pharmaceuticals PLC (NASDAQ: BDRX) opened more than 100% up on Tuesday after reporting encouraging Phase 2 data for eRapa. Details of the Phase 2 data reported todayThe recently licensed drug for FAP (familial adenomatous polyposis) showed non-progression rate of 83% and lowered total polyp burden by about 24% versus the baseline upon six months of treatment. $BDRX reported two grade 3 adverse events while the remaining 97% of the participants remained on eRapa after six months. All in all, the Phase 2 data established eRapa as “safe and well-tolerated” on Tuesday. The news arrives abo...
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Zim Integrated Shipping Services Ltd (NYSE: ZIM) is trading about 10% down in premarket on Tuesday after reporting worse than expected per-share earnings for its fiscal first quarter. Zim Integrated’s guidance for the futureThe stock is taking a hit even though the cargo transport company raised its guidance for the full year. $ZIM now forecasts its adjusted EBITDA to fall between $1.15 billion and $1.55 billion in 2024. Eli Glickman – chief executive of the New York listed firm said in a press release today: Looking ahead, we now expect freight rates to remain stronger for longer than initial...
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Financial markets are broadly expected to do well this year – be it cryptocurrencies or equities. And that makes up for a good enough reason to be engaged with a trading bot. Why are experts bullish on financial markets for 2024?Reasons why experts are bullish on financial markets are plenty. These include the launch of bitcoin exchange-traded funds for the crypto market and solid earnings for the stock market. Still, making money out of the financial markets is never as straightforward is it may sound. Therefore, taping on a reliable trading bot to help you make better decisions as a trader o...
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Nvidia and Supermicro have been all the rage in financial markets this year. But if neither of the two are suitable for the limited capital you have to invest or if you think it’s already too late to build a position in them, here are the top three utility stocks which could be the next big winners. NextEra Energy Inc (NYSE: NEE)NextEra Energy is a great pick if you’re interested in environment-friendly utility stocks. Shares of the energy company are worth investing as it owns Florida Power & Light Company that currently supports over 11 million residents across that state. $NEE operates seve...
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Cruise stocks are in the green at writing after Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) talked of “very strong demand” at its investor conference on Monday. Norwegian Cruise Line raised full year outlookNorwegian raised its profit guidance for the full year and laid out a three-year plan aimed at increasing shareholder returns at its investor day. The cruise lines operator is calling that strategy “Charting the Course”. $NCLH cited “record bookings” and said it now expects to earn $1.42 per share on an adjusted basis this year. Analysts, in comparison, were at $1.36 a share. The cruise...
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GT Biopharma Inc (NASDAQ: GTBP) is up a whopping 150% at writing even though there hasn’t been any news to catalyse that sort of a rally in shares of the clinical-stage biopharmaceutical company. GT Biopharma stock trading volume today$GTBP did not publish a press release or file with the Securities & Exchange Commission on Monday. None of the Wall Street analysts issued a bullish note on it either. Still, more than 20 million shares of the Nasdaq-listed firm have exchanged hands today as of writing. The daily trading volume is up massively from about 10,000 only on average. The massive rally ...
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