Pfizer Inc. (NYSE: PFE) and
Moderna Inc (NYSE: MRNA) to combat the pandemic, but headlines that the virus has mutated in the U.K. spooked investors.
The bad news is that the variant identified in the U.K. is far more transmissible, potentially spreading at a much more rapid pace. The good news, according to former FDA commissioner Dr. Scott Gottlieb, is that the current vaccines from Pfizer and Moderna should protect against the new U.K. coronavirus strain.
“It doesn’t seem to have mutated the surface proteins of the virus in a way that they would slip past our vaccines or prior immunity,” Gottlieb told CNBC.
Polyvinyl Chloride (PVC) Market Size, Share Valuation to Surpass USD 108 12 billion By 2026 - Industry News
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Is INCY A Good Stock To Buy According To Hedge Funds?
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Written by Matt Whittaker, Ticker Tape Contributor
Say there’s a company that, over the past 15 quarters has lost money more often than not, and whose stock trades at a trailing price-to-earnings (P/E) multiple of over 1200. Could it be worthy of investor attention?
If the name is
Tesla Inc (NASDAQ: TSLA), the answerer is a resounding “yes.” And the spotlight on the company has only brightened after the announcement that it will be added to the
S&P 500 (SPX) and
S&P 100 (OEX) indices prior to the Dec. 21 trading session.
The addition to the benchmark SPX, which will result in the largest-ever rebalancing of the index, has big implications for the broader market because, despite TSLA’s checkered earnings history, it’s one of the biggest companies in the world.
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Given the many challenges endured this year, it seems only fitting that it should wind to a close amid uncertainty and caution. That seems to be where we are this week. As several recurring themes stimulus, Fed policy, virus cases and the impending rollout of a vaccine come to a head. Plus, it’s quadruple witching week, and stock indices are about to get a makeover.
One potential bright spot? We’re hearing the word “bi-partisan” for the first time in quite a while. It’s been so long, in fact, that some investors might have needed a dictionary to find out what the word meant.