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3 “Strong Buy” Healthcare Stocks With Major Catalysts Approaching

It can happen in a New York minute. We are talking about the massive gains certain healthcare stocks are able to notch in what feels like a split second. Unlike names from other areas of the market, earnings results don’t paint the full picture. Rather, other factors like clinical trial data or regulatory decisions can be more useful in determining if a particular company is on the path to life-sustaining revenues. Therefore, any positive update can be the catalyst that sends shares blasting off towards outer space.These plays, however, aren’t without their risk. A disappointing outcome could also be the …read more […]

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DraftKings, Patriots’ Kraft Cash In on Betting-Fueled Surge

(Bloomberg) — DraftKings Inc. and some early investors including New England Patriots owner Robert Kraft are taking advantage of the stock’s 264% surge from an April debut to sell a combined 32 million shares.The offering, underwritten by Credit Suisse Securities LLC and Goldman Sachs Group Inc., will include 16 million shares sold by DraftKings while the other half are being offered by some investors, the online gaming company said in a statement. Boston-based DraftKings said its proceeds from the offering will be used for general corporate purposes.DraftKings shares closed at a record high $63.78 on Friday, up more than 260% …read more […]

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A Clear-Cut Biden Win Is Emerging as a Bull Case for Stocks

(Bloomberg) — With Joe Biden’s lead widening in the polls and President Donald Trump’s campaign sidelined by the virus, investment strategists now say there’s less of a chance for a contested election.A clear-cut Democrat victory could avoid a long and messy legal battle and provide certainty to markets that have been nervous about election risks, according to strategists from Citigroup Inc. to JPMorgan Chase & Co.The S&P 500 was up about 1% as of 9:32 a.m. in New York, havens including bonds are seeing little demand and the greenback is down.“Polls are shifting from a close election and prolonged uncertainty …read more […]

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Nvidia lays out plan to create new kind of data center chip

Models with limited features will debut in months, while full-fledged versions are planned within two years, Nvidia said in a press briefing. Server companies such as Dell Technologies and Lenovo Group Ltd plan to integrate them into their machines, it added. Nvidia chips have long been used to improve video game graphics, but in recent years they have helped to speed up artificial intelligence tasks such as image recognition. …read more […]

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Nvidia building UK supercomputer to boost COVID-19 research

U.S. chip giant Nvidia said on Monday it is building Britain’s most powerful supercomputer, which will use artificial intelligence to help researchers solve pressing medical challenges, including those related to COVID-19. GSK and AstraZeneca, which are both involved in coronavirus vaccine research, will be two of the first pharmaceutical companies to harness the power of the machine, Nvidia said. The Cambridge-1 computer, which is expected to come online by the end of the year in Cambridge, east England, will be a NVIDIA DGX SuperPOD system capable of delivering more than 400 petaflops of AI performance, the company said. …read more […]

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An Introduction To After-Hours Trading

Traditionally, stock market trading occurs during the day. In fact, when most people think of stock market trading, they probably think of lots of people in suits on the trading floor of a stock exchange engaging in various trading strategies. Pandemonium reigns as they compete for shares during the trading session.
But did you know that after-hours trading is also a thing? And now you’re probably wondering what after-hours trading is.
It’s true. You can buy and sell shares of stock outside of the normal stock market hours. Of course, as with all things, there are both pros and cons to doing …read more […]