Nasdaq News

On Thursday, NBCUniversal, the studio arm of Comcast (NASDAQ: CMCSA), announced its slate of original programming that will be available to users of streaming service Peacock when it launches on July 15. Viewers will be treated to nine original series or movies, with content ran

For the biotech sector, volatility is nothing new. Stocks can surge or crash depending on regulatory approval or rejection. The same is true following the release of encouraging or disappointing clinical data.

That being said, vaccine developer Novavax’s (NVAX) recent spectacular rally is on another level. The stock surged by another 63% on May 12, cumulatively accruing 921% worth of gains in 2020.

The latest share price appreciation came after it was announced that the coalition for Epidemic Preparedness Innovations (CEPI) will commit up to $388 million to further the development of Novavax’s vaccine candidate against COVID-19 (SARS-CoV-2), NVX-CoV2373. The investment is the CEPI’s biggest to date, and follows up its initial $4 million grant to Novavax, which now seems miniscule in comparison. 

In tandem with setting the process of clinical trials in motion (with Phase 1/2 trial data expected by July), part of the funding will go towards ramping up production at various locations around the globe, with a target of matching the largest pharma vaccine developers’ production capacity.

Based on Novavax’s vaccine track record, Ladenburg analyst Michael Higgins is confident in the outcome, and predicts the Phase 1/2 results “will prove to be safe.” The results are a key component of Novavax’s rNPV (risk-adjusted net present value) as the data will have an impact on the “scale up activities.”

Accordingly, Higgins reiterated a Buy rating on Novavax shares, while boosting his price target from $38 to $50. Higgins wrote that the increased price target reflects his "continued confidence in the successful completion of development and global approval of NVX-CoV2373, with an increased estimate for the procurement of this vaccine in 2021, from 100M to 300M doses, at $10/dose, for a ~3% share of global vaccine consumption, with our continued assumption for a $5 CGS/dose." (To watch Higgins’ track record, click here)

Overall, Novavax gets 100% support from the Street, as all 5 analysts tracked over the last three months rate the vaccine player a Buy. With an average price target of $45.60, the analyst fraternity projects upside potential of 19%. (See Novavax stock analysis on TipRanks)

Read more:

• 3 Biotech Stocks Under $4 That Could Surge Over 50%
• 3 “Strong Buy” Penny Stocks With Triple-Digit Upside

Delta Air Lines (NYSE: DAL) said Thursday that it is reinstating two transatlantic flights, with demand for air cargo service driving the push to restore service.

Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the Legg Mason Low Volatility High Dividend ETF (LVHD) is a smart beta exchange traded fund launched on 12/28/2015.

The SPDR SP Pharmaceuticals ETF (XPH) was launched on 06/19/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Healthcare - Pharma segment of the equity market.

Dropbox DBX topped our first quarter fiscal 2020 financial results on May 7, and shares of the cloud storage firm have jumped 20% in 2020, against the S&P 500’s 12% slide. Now the question is will the coronavirus finally help Dropbox stock shine after struggling for two ye

(RTTNews) - After a weak start and a subsequent fall to lower levels, the Canadian stock market recovered gradually to eventually end flat on Thursday.

What happened Shares of Norwegian Cruise Line Holdings (NYSE: NCLH) climbed nearly 5% on Thursday, following the release of the cruise company's first-quarter results.  

The stock market rose on Thursday, finally regaining some lost ground from earlier in the week. Even though worries about the economic fallout from the coronavirus pandemic aren't going away anytime soon, investors seemed a little bit more comfortable with the possibility that t

Image source: The Motley Fool.

Image source: The Motley Fool.

Televised golf returns in the United States on Sunday with caddies barred from the course and a barrage of screening measures plus organisational changes to ensure the players observe social distancing amid the coronavirus pandemic.

Of all the high-risk, high-upside opportunities in the market today, none are perhaps as interesting as cruise line stocks Norwegian Cruise Lines (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL). Amid the coronavirus pandemic, all three cruise companies have

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which

In trading on Thursday, shares of Brooge Energy Ltd (Symbol: BROG) crossed below their 200 day moving average of $10.48, changing hands as low as $10.35 per share. Brooge Energy Ltd shares are currently trading down about 5.6% on the day. The chart below shows the one year p

In trading on Thursday, shares of Fuji Photo Film Ltd (Symbol: FUJIF) crossed below their 200 day moving average of $47.38, changing hands as low as $46.41 per share. Fuji Photo Film Ltd shares are currently trading down about 2.9% on the day. The chart below shows the one y

The Mexican peso jumped on Thursday as an interest rate cut from the country's central bank helped reassure investors of financial stability in Latin America's second-biggest economy.

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of American National Insurance Co. (Symbol: ANAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.28), with the stock changing hands as low as $64.

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Western Union Co (Symbol: WU) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.9), with the stock changing hands as low as $17.55 on the day. Div