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Moderna's share price nearly doubles on hopes of cancer treatment breakthrough
Sky News40d agobullish
Moderna's share price nearly doubles on hopes of cancer treatment breakthrough

Optimism about a potential breakthrough in personalised cancer treatment has sent shares in Moderna soaring by nearly 100%. A late-stage trial of its experimental, vaccine-based treatment, called Intismeran, reduced skin cancer re-growth and stopped it spreading to other parts of the body. Intismeran combines an immunotherapy drug created by German pharmaceutical company Merck with a Moderna mRNA vaccine, a type of shot authorised widely to treat COVID-19.

Yield Decline Intensifies as Treasury Increases Buybacks
Barrons.com40d agobullish
Yield Decline Intensifies as Treasury Increases Buybacks

An overnight decline in yields accentuates as the U.S. Treasury says it will at least double the size of buyback operations for longer-dated bonds. The announcement follows a sharp selloff in long-term bonds that increased the government borrowing costs. The new buyback target takes effect September 9 through November 4, the Treasury says.

TJX Q2 earnings beat expectations with strong margins
Proactive40d agobullish
TJX Q2 earnings beat expectations with strong margins

TJX Companies Inc (NYSE:TJX) reported second-quarter profit and revenue above Wall Street estimates on Wednesday, as the off-price retailer's discount model continued to draw shoppers, though shares fell 1.3% at the open. The parent of TJ Maxx, Marshalls and HomeGoods posted adjusted earnings...

Stocks Rally After Treasury Says It Will Increase Buybacks
Barrons.com40d agobullish
Stocks Rally After Treasury Says It Will Increase Buybacks

The stock market was rallying Wednesday morning after the Treasury Department said it would double the size of long-dated debt buyback operations. The Nasdaq Composite was up 0.4%. The Treasury said it will double liquidity support operations for long-dated nominal coupon securities to $4 billion per operation starting Sept. 9 through Nov. 4.

Is KLA (KLAC) a Buy as Wall Street Analysts Look Optimistic?
Zacks40d agobullish
Is KLA (KLAC) a Buy as Wall Street Analysts Look Optimistic?

The average brokerage recommendation (ABR) for KLA (KLAC) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

Why Is Fortinet (FTNT) Buying Into Continuous AI Runtime Security?
Simply Wall St.40d agobullish
Why Is Fortinet (FTNT) Buying Into Continuous AI Runtime Security?

Fortinet (NasdaqGS:FTNT) announced the acquisition of Virtue AI to support continuous AI runtime security for autonomous systems. The deal adds Virtue AI's continuous validation and real time protection tools to Fortinet's Security for AI strategy. Fortinet expects the Virtue AI technology to expand its security coverage across AI infrastructure and applications. Consider reviewing other companies building infrastructure and security around AI workloads through 56 AI infrastructure...

Target boosts 2026 outlook after Q2 sales and earnings beat
Proactive40d agobullish
Target boosts 2026 outlook after Q2 sales and earnings beat

Target Corp (NYSE:TGT) has raised its full-year outlook after reporting stronger-than-expected second quarter results. For the quarter, sales were up 5.3% year-over-year at $26.54 billion, ahead of Wall Street estimates of $26.13 billion. Comparable sales increased 3.8% year over year, while...

Estée Lauder Stock Surges as Earnings Show Growth Plan Is Working
Barrons.com40d agobullish
Estée Lauder Stock Surges as Earnings Show Growth Plan Is Working

Shares of Estée Lauder advanced on Wednesday as the beauty and cosmetics giant’s better-than-expected quarterly earnings showed Wall Street its growth plan is well underway. The company announced adjusted earnings of 39 cents a share in the fiscal fourth quarter, up from 9 cents a year ago and above Wall Street’s expectation of 32 cents. Estée Lauder reported adjusted earnings of $2.51 a share for the full fiscal year, up from $1.51 last year.