Author: starbpo

Viking Therapeutics Inc.’s stock went up as much as 3.8% early Friday as people got more excited about the data the company will show at Obesity Week on its oral weight-loss drug. The stock VKTX 0.47% has been on a tear this year, rising almost 300% so far in 2024. It is in the unique situation of having all buy ratings from the 13 analysts who follow it on FactSet. The stock has gone up about 30% since last week, when the company reported its quarterly earnings. The report showed that the company had enough cash on hand to pay…

In the early hours of Monday, Viking Therapeutics stock went up 21% after the biotech company released data from a Phase 1 study of its oral weight-loss drug that showed better-than-expected results. The adults who were obese and took the biggest dose of VK2735 (100 milligrammes) lost an average of 8.2% of their body weight over the course of four weeks. Compared to the placebo, the 100 mg amount also caused up to 6.8% weight loss. The information was shared during Obesity Week, which is being held in San Antonio, Texas, from November 3rd to 6th and is put on…

The day of the election should only last one day, but polls and recent history show that we might not know the outcome of the Nov. 5 presidential race and important congressional races for days or even weeks. A report released Wednesday by Ed Clissold, top U.S. equity strategist at Ned Davis Research, says that investors may have to deal with long periods of uncertainty, which have hurt markets in the past. In a recent note, Clissold said, “The market has generally gone down because of the political uncertainty, but not in every case.” “In some years, the positive [macroeconomic]…

It’s easy to forget that stocks are tied to factors that are unique to each company when another Federal Reserve decision is coming up and American politics are making waves in the markets. What has been going on with Amazon.com shares lately AMZN That’s clear from the 6.19%. A very well received earnings report from the company that runs an online market and provides cloud computing caused its shares to rise 6.2% on Friday. But once more, even though the stock came close to $200 several times during the session, it did not close above that level. This made a lot…

Some of the biggest tech purchases made by the third-largest public pension fund in the U.S. were changed in big ways. There were cuts in Palantir Technologies (PLTR 0.87%), Apple (AAPL -1.33%), and Nvidia (NVDA 1.99%) stock by the New York State Common Retirement Fund in the third quarter. The fund, which is made up of New York State and Local Retirement System members, retirees, and beneficiaries, also bought more Advanced Micro Devices (AMD -1.53%) shares. In a form it sent to the Securities and Exchange Commission, the pension fund talked about the stock trades and other things. The pension’s…

Wall Street makes trading elections sound like it would be as easy as falling off a log: all you have to do is put your money into the stocks or areas that will do best under the policies of one presidential candidate or the other, and you’ll make money. Reality often seems to let us down. Green energy stocks did much better than standard energy stocks during both former President Donald Trump and President Joe Biden. This may be the best example of this. It was said on Wall Street that under Trump, fossil fuel stocks would go through the…

LITITZ, Pa. — Two days before the election, Donald Trump gave a speech full of bad language and conspiracy theories. He talked about reporters being shot and said he “shouldn’t have left” the White House after losing to Joe Biden in 2020. On Sunday, the former president said things that were nothing like the speeches he usually gives in the last few days of a campaign. He constantly questioned the validity of the vote and brought up old complaints about being prosecuted for trying to overturn his loss four years ago. Trump stepped up his verbal attacks on the American…

You may or may not want to vote on Tuesday. People are stressed out. Also, companies are, at least in some ways. A FactSet study released on Friday found that 116 S&P 500 companies have used the word “election” or “elections” during their quarterly earnings calls in the last 15 months. “A slowdown or pause in economic, business, or customer activity due at least in part to the election,” said 38 of them. These companies ranged from airlines to tool makers to big brewers. Still, that study found that many executives expect a rebound after this week, no matter what…

There is a chance that it could take days or even weeks for investors to find out who won this week’s U.S. presidential and congressional elections. The vote on Tuesday isn’t the only big event on the calendar, though. In fact, Federal Reserve Chairman Jerome Powell might steal the show at his post-meeting press conference on Thursday. If you compare the November Fed meeting to the excitement that led up to the big interest rate cut in September, it might not be quite as exciting. According to figures from CME Group, traders think that the Fed will almost certainly cut…

At this point, no one knows what will happen in the U.S. presidential election on November 5. Based on the polls, the race for the White House is pretty much a tie, and both parties have a good chance of taking the House. According to UBS Group’s most recent ElectionWatch study, Republicans have a small edge in the race for the Senate. So, investors should be ready for a lot of different results. One of these is the chance that the election will be contested, like the race between President George W. Bush and Vice President Al Gore in 2000.…