5 Stocks To Watch: July 15, 2020
The market rallied today after positive news revealed a coronavirus vaccine was making strong progress. Traders and investors appeared motivated by the prospect of the economy returning to a pre-social distancing state, with a number of stock prices jumping early.
Additionally, there were better-than-expected revenue reports from banks. Which added to the overall positive market despite China’s threat to sanction U.S. entities in retaliation to President Trump. Who ended the United States’ special relationship with Hong Kong.
These are our five stocks to watch.
Moderna Inc. (MRNA) – $80.25
The big story today is Moderna Inc. (MRNA). The biotechnology company revealed that they’re on track to deliver 500 million coronavirus vaccines per year, from 2021. The news pushed MRNA shares to a daily high of $88.35. It currently sits 6.94-percent above its market-opening value.
Goldman Sachs Group Inc. (GS) – $215.71
Goldman Sachs Group Inc. (GS) has been on the rise today. With shares climbing to $225.23 throughout trading. Earlier estimates predicted the multinational investment bank would earn $3.78 per share, but trading and other financial activities put earnings at $6.26 in their most recent report. GS currently sits 0.77-percent above its market-opening value.
U.S. Bancorp (USB) – $37.24
U.S. Bancorp released their second-quarter earnings today and have seen a 2.65-percent increase in stock value overall. Over the last quarter, USB shares have climbed 15-percent, with revenue beating the estimate by $274-million. Revenue increased by 0.33-percent over the same period last year.
UnitedHealth Group Inc. (UNH) – $303.09
UnitedHealth Group Inc. (UNH) released their quarter two earnings, revealing that they beat year-on-year revenue by 2.55-percent, but failed to meet their estimate of $63.43-billion overall. Their earning per share rose by nearly 98-percent to $7.12 but stock valuation dropped by 1.8-percent overall.
Alcoa Corp, (AA) – $12.48
Alcoa Corporation (AA) is one of the world’s largest producers of aluminum and has been bouncing back, in terms of stock valuation. Climbing from their July 9 slump of $10.62 up to a daily high of $12.97. Despite this resurgence, Alcoa Corp is projected to post a quarterly loss and currently sit 1.25-percent below their opening market value.