Gilead Sciences (GILD, $81.19) shares got...

Abhoy Sarkar

published in Blogs

Apr 20, 2020

Gilead Sciences (GILD, $81.19) shares got downgraded by BMO Capital and Wells Fargo

Gilead Sciences shares got downgraded by BMO Capital and Wells Fargo analysts.

BMO Capital's Matthew Luchini slashed his rating on the bitotech company’s stock to market perform from outperform. Luchini re-iterated his price target at $79.

While Luchini thinks that Gilead’s anti-COVID-19 drug remdesivir is encouraging, he also mentions "continued uncertainty around the remdesivir commercial opportunity," . That’s what makes him neutral on the shares "ahead of a better entry point."

Wells Fargo analyst Jim Birchenough lowered rating on the stock, to equal-weight from overweight. He maintained his target price, at $87. Birchenough is hopeful about remdesivir being a part of a potential economic recovery from the coronavirus pandemic; but he also feels that there is uncertainty regarding the amount of revenue the drug will generate for Gilead.

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Sergey Savastiouk

published in Blogs

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4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

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published in Blogs

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Sergey Savastiouk

published in Blogs

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Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

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published in Blogs

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Is Ethereum’s Bomb about to Explode?

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published in Blogs

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

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Rick Pendergraft

published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.