Thursday, Moderna Inc MRNA unveiled key updates at its annual R&D Day by reducing annual R&D spending by $1.1 billion by 2027, enabling a focus on ten prioritized products. The company expects R&D expenses to fall from $4.8 billion in 2024E to $3.6 billion—$3.8 billion in 2027. The strategy, expanding its portfolio into oncology and rare diseases, positions … Read more
Hartford Finl Servs Gr HIG has outperformed the market over the past 10 years by 1.02% on an annualized basis producing an average annual return of 11.81%. Currently, Hartford Finl Servs Gr has a market capitalization of $33.80 billion. Buying $100 In HIG: If an investor had bought $100 of HIG stock 10 years ago, … Read more
Tesla Inc TSLA could have an exciting October to remember with third-quarter earnings, third-quarter deliveries and its Robotaxi Day. An analyst said investors should focus on deliveries before robotaxis. The Tesla Analyst: Canaccord Genuity analyst George Gianarikas has a Buy rating with a $254 price target on Tesla. Read Also: Tesla Patent Shows New Automotive … Read more
NVIDIA Corp. NVDA and Advanced Micro Devices, Inc. AMD – both heavyweights in the realm of artificial intelligence – saw their market value rise significantly during the midweek session. NVDA stock jumped just over 8% against Tuesday’s close, while AMD came shy of hitting 5% up. According to a Reuters report, the U.S. government is … Read more
The SpaceX Polaris Dawn mission has set several space records, including being the first to help with a private spacewalk. One of the individuals on the potentially dangerous spacewalk mission is the CEO of a publicly traded company. Should shareholders be concerned? What Happened: Billionaire Jared Isaacman and SpaceX engineer Sarah Gillis completed the first … Read more
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF FYC is a passively managed exchange traded fund designed to provide a broad exposure to the Small Cap Growth segment of the US equity market. The fund is sponsored by First Trust Advisors. It has amassed assets over $314.36 million, making it one of … Read more
Software company Adobe Inc ADBE could provide another example of a company utilizing artificial intelligence for new products and financial growth when the company reports third-quarter financial results after market close Thursday. Earnings Estimates: Analysts expect Adobe to report third-quarter revenue of $5.37 billion. That’s up from $4.89 billion in last year’s third quarter, according … Read more
STOCKS CLIMBS OVER 16 POINTS AND CLOSES NEAR THE HIGH OF THE DAY TradePulse’s latest Power Inflow alert indicated institutional volume is coming into Service Now Inc., NOW, signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in NOW’s stock. … Read more
Lululemon Athletica LULU has outperformed the market over the past 15 years by 10.85% on an annualized basis producing an average annual return of 22.42%. Currently, Lululemon Athletica has a market capitalization of $30.60 billion. Buying $100 In LULU: If an investor had bought $100 of LULU stock 15 years ago, it would be worth … Read more
