Month: May 2020

No Picture
Trading Ideas

Analyst Believes Potential COVID-19 Treatment Can Push Ahersys (ATHX) Stock up to $12

May 6, 2020 admin Comments Off on Analyst Believes Potential COVID-19 Treatment Can Push Ahersys (ATHX) Stock up to $12

Many small biotech players have put the foot on the gas in 2020. With the urgent need for a COVID-19 vaccine and treatment still the number one global priority, this comes as no surprise.Athersys (ATHX) is among those to rise to the challenge and the market has rewarded the micro-cap accordingly. Shares have appreciated by 114% since the turn of the year.Yet, Dawson James analyst Jason Kolbert believes the upward movement has a long way to go.Kolbert reiterated a Buy rating on ATHX shares along with a $12 price target. Investors can expect returns of a whopping 360%, should the …read more […]

No Picture
Business News

Tech leads Wall Street higher as financials fall

May 6, 2020 admin Comments Off on Tech leads Wall Street higher as financials fall

The benchmark S&P 500 rose modestly on Wednesday, with gains in technology shares offsetting declines in financials and defensive groups as data showing U.S. private employers laid off 20 million workers in April underscored the economic fallout of the coronavirus outbreak.

…read more […]

No Picture
Trading Ideas

Houston confronts one-two punch of COVID-19 and oil bust

May 6, 2020 admin Comments Off on Houston confronts one-two punch of COVID-19 and oil bust

When you’re known as the energy capital of the world, oil busts are nothing new. Like in other cities, the coronavirus has shut down much of Houston’s economic activity, slashing thousands of jobs as well as sales tax revenues. Mayor Sylvester Turner expects a city budget deficit of about $200 million, the worst in the history of this city of more than 2.3 million, the country’s fourth largest. …read more […]

No Picture
Trading Ideas

WTO must decide if U.S. complied with Boeing aid ruling, Airbus says

May 6, 2020 admin Comments Off on WTO must decide if U.S. complied with Boeing aid ruling, Airbus says

The World Trade Organization must decide whether the United States has fully complied with WTO rulings on illegal government aid to Boeing Co , and that process could take some time, a spokesman for Airbus said on Wednesday. The U.S. government on Wednesday told the WTO that it had fully complied with the WTO’s rulings since Washington State had now repealed its tax breaks for Boeing, and there was “no valid basis” for the European Union to retaliate against U.S. goods. …read more […]