IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 10.86% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $9.02 would be incurred if the stock dropped below the $100.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for IBM is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for IBM is bullish.
The RSI indicator is at 63.72 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for IBM
IBM Study: Majority of Global Consumers Embrace e-Commerce, Sustainability for the Holidays Amid COVID-19
Tue, 17 Nov 2020 10:00:00 +0000
While the holiday shopping season will be different in many ways due to the COVID-19 pandemic, sustainability is still top of mind for many global consumers, according to the latest findings of a global IBM (NYSE: IBM) Institute for Business Value study.
World Leaders Urge U.S.-China Reset as Virus Rages: NEF Update
Tue, 17 Nov 2020 03:18:22 +0000
(Bloomberg) — The first day of the four-day Bloomberg New Economy Forum concluded with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global trade and climate change.U.S.-China tensions were a major focus, with former and present heads of state calling on Xi Jinping and the incoming Biden administration to get the relationship back on track. Singapore Prime Minister Lee Hsien Loong urged a truce, while former President Bill Clinton said a more coordinated approach to dealing with Beijing would be needed as Xi’s long-term reign upended relations. Henry Kissinger said the new administration should move quickly to restore lines of communication or risk drifting into a crisis that could escalate into war.On the economy, health and environment, former U.S. Treasury Secretary Lawrence Summers called for a stronger coordinated global response to the crisis caused by Covid-19. Former Federal Reserve Chair Janet Yellen said fiscal policy was “essential” to back up the stimulative policies of the central bank and help the U.S. economy recover. United Nations Secretary-General Antonio Guterres said he sees Biden rejoining the Paris climate agreement and eventually committing to a net-zero pledge by 2050.The New Economy Forum is organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.Adnoc CEO Optimistic on Global Growth Led by U.S. and Asia (10:32 a.m. HKT)There’s very good reason to be optimistic about global growth, Sultan Ahmed Al Jaber, the United Arab Emirates’s minister for industry and advanced technology and CEO of Abu Dhabi National Oil Co., said at the Bloomberg New Economy Forum. The U.S. rebound is very robust despite Covid-19, while Asia is recovering very well and European growth is slowing due to new pandemic restrictions, he said. — Sharon ChoBrexit Deal Landing Zones Becoming Clear, Irish PM Says (10:04 a.m. HKT)The contours of a Brexit deal between the U.K. and European Union are clear to both sides, Ireland’s prime minister said, as the two struggle to reach a trade agreement.Negotiating teams understand “the landing zones” around an accord, Micheal Martin said at the Bloomberg New Economy Forum, warning it’s not yet fully clear if his U.K. counterpart, Boris Johnson, truly wants an accord.“Having met Boris Johnson, having talked to him, my sense is deep down his gut instinct is that he would see the sense of a deal,” Martin said in an interview with Bloomberg’s Stephanie Flanders. — Peter FlanaganChina Regulator Sees Little Fallout From Ant IPO Suspension(9:57 a.m. HKT)International investors have responded to the suspension of Ant Group’s initial public offering “quite well,” Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the New Economy Forum. In the past week, inflows from international investors and investors in Hong Kong have also done quite well, he said.Fang also said the U.S. is pushing too fast for change from China and should instead take a more patient approach, adding that he’s hoping for better relations under Biden.“I sense U.S. negotiators demand to get something from China quickly and hope China will change quickly,” Fang said. “The U.S. needs more patience.”– Jonas Bergman, Evelyn Yu, Enda Curran, Michelle JamriskoU.S., China Could Heal Rift By Cooperating on Climate Change (9:55 a.m. HKT)President-elect Joe Biden and China’s Xi Jinping can begin to mend their nations’ fractious relationship by avoiding any provocation on Taiwan or the region’s disputed waters, Australia’s former prime minister Kevin Rudd said.The two could also cooperate on fighting the effects of climate change, Rudd, now the president of the Asia Society Policy Institute, said in an interview Tuesday at the New Economy Forum. — Ruth PollardBill Clinton Says China’s Direction Under Xi Upended U.S. Ties (9:03 a.m. HKT)Former President Bill Clinton said Xi Jinping’s long-term reign has upended U.S.-China relations, and will require Joe Biden’s incoming administration and its allies to take a more coordinated approach to dealing with Beijing.“The old Chinese system, which was by no means a democracy, still guaranteed enough debate, and play, and openness because there was a regular rotation of leadership,” Clinton said. “Now that it appears that a person is in charge of China who intends to stay there for life, in essence, that changes things. But we shouldn’t accept or assume that it’s all going to be bad without working to make it better.”Speaking in conversation with former U.K. Prime Minister Tony Blair at the Bloomberg New Economy Forum, Clinton said the U.S. could strengthen its negotiating position with China by enlisting partners, from Europe to Asian nations which were part of the Trans Pacific Partnership trade pact abandoned by President Donald Trump. — Iain MarlowSingapore PM Calls for U.S.-China Truce After ‘Tumultuous’ Years (8:26 a.m. HKT)U.S. President-elect Joe Biden should look to develop an “overall constructive relationship” with China following “quite a tumultuous ride” over the past four years, Singapore Prime Minister Lee Hsien Loong said in an interview.A new framework between the nations would allow both countries “to develop the areas of common interest, and constrain the areas of disagreement” on issues such as trade, security, climate change, North Korea and non-proliferation, Lee said in an interview with Bloomberg Editor-In-Chief John Micklethwait at the New Economy Forum. Singapore’s leader also rejected any attempt to divide nations “Cold War style.”Lee also said Singapore is concerned about the situation in Hong Kong and hopes the financial hub could “settle down to a new normal.” He sees the government running a budget deficit at least through early next year, and perhaps “a while” longer, as the coronavirus-hit economy bends the city-state’s traditional fiscal prudence. — Philip J. Heijmans and Michelle JamriskoChina’s Zeng Calls for More Policy Coordination (8:01 a.m. HKT)Zeng Peiyan, former vice premier of China’s State Council, called for more global cooperation on epidemic control and treatment and coordinating economic policies. Speaking at Bloomberg’s New Economy Forum, Zeng said the top priority was to establish and improve global dialog and competition mechanisms.He made a plea for a stronger commitment toward multilateralism and efforts to improve global governance. Without naming any specific countries, Zeng denounced “some forces” acting against that trend by trumpeting decoupling and willfully walking away from international commitments. He said those behaviors have undermined market rules and hampered sound global growth. — Zhu LinPaulson Calls for New Round of U.S., China Talks (11:23 a.m.)The incoming Biden administration should start a new round of bilateral negotiations with China aimed at fair trade and competition, former U.S. Treasury Secretary Hank Paulson said at Bloomberg’s New Economy Forum Monday.“We’ll need to deal with structural and process issues that include services, not just goods,” he said. “The agreement should be done in phases with regular deliverables, beginning with easier issues that build momentum to tackle the tough ones.”Paulson also called for a shift away from what he called “reflexive reciprocity” to “targeted reciprocity” to ensure that the strategic competition between the world’s two largest economies won’t result in the U.S. closing itself off to the world. Two years ago, Paulson warned that the U.S.-China relationship was on a trajectory to establishing an economic iron curtain. On Monday, he said that unfortunately, many of his predictions have panned out.Yellen Won’t Comment on Biden Treasury Secretary Job (11:07 a.m. NYT)Former Federal Reserve Chair Janet Yellen declined to comment on reports that she is in the running to be President-elect Joe Biden’s pick for Treasury Secretary.“I don’t have anything for you on that I’m sorry,” Yellen during a panel at the forum. Asked if she thought she’d be good at the job, she said “It’s for other people to decide, I think.”Bloomberg News reported on Nov. 13 that Yellen is under consideration to be President-elect Joe Biden’s Treasury secretary, according to people familiar with the matter.She said fiscal policy was “essential” to back up the stimulative policies of the central bank and help the U.S. economy recovery from the pandemic.“Fiscal policy has a very important role to play now,” Yellen said during a panel discussion. “I believe it’s essential.”– Rich MillerSummers Calls for More Coordinated Global Response (10:52 a.m. NYT)The Covid-19 economic crisis requires a stronger coordinated global response to reflect the worldwide dimension of the problem, former U.S. Treasury Secretary Lawrence Summers said.Summers, who has been advising President-elect Joe Biden’s campaign and is a paid contributor to Bloomberg, lamented the Trump administration’s opposition to an allocation of $500 billion in reserve assets, or special drawing rights, by the International Monetary Fund, a stance that he hopes will change with a Biden administration.“The last crisis had a major response from the IMF, issuance of SDRs, big increases in lending from the World Bank, that was driven by the global community,” Summers said. “There has been no boldness at the global level comparable to the boldness at the national level, and that could get us in real trouble down the road.” –Eric MartinKing Warns of Straying From Central Bank Mandates (10:47 a.m. NYT)Former Bank of England Governor Mervyn King said he was worried that the “new generation” of central bank leaders were getting into areas that are not core to their mandates.King echoed former U.S. Treasury Secretary Lawrence Summers in challenging central banks’ current interest in generating policies to help tackle climate change.“If we’re going to do stress tests on climate change, we need to do stress tests for the next pandemic. There are many ways that the financial system is threatened other than climate change,” King said. –Jeff BlackChina Vice President Urges Shift From Protectionism (10:34 a.m. NYT)Chinese Vice President Wang Qishan called for global solidarity and a shift away from protectionism as Beijing grapples with the prospect of a new administration in Washington.“Countries must rise above exclusive blocs and reject the zero-sum mentality,” Wang said via video link. “We should build an open world economy that works for all. We must firmly safeguard the multilateral trading system under the WTO and unequivocally reject unilateralism and protectionism.”Wang didn’t address U.S.-China ties directly, instead calling more generally for countries to “build platforms for dialogue and keep communications open.” He also urged nations to develop “a collaborative mechanism for epidemic control” to help battle Covid-19. — Peter MartinSupply Chains Less Efficient in Pandemic, FedEx COO Says (10:25 a.m NYT)Supply chains are getting shorter, more regional and less efficient as companies and countries stock up on supplies to prepare for a crisis, such as the coronavirus pandemic, said FedEx Corp. Chief Operating Officer Raj Subramaniam. In a “tug of war” between supply-chain efficiency and bigger stockpiles, consumers will pay for bloated inventories, he said.As companies move from just-in-time inventory to just-in-case, “there is a price to be paid and that price is going to be, at the end of the day, in the cost of goods sold,” he said.The pandemic hurt global commerce but international commercial trade had already peaked, Subramaniam said. In 2008, trade made up 25% of the global economy, rising from 14% in 1990. Trade had slipped to 21% of the global economy in 2018, he said. — Thomas BlackMalmstrom Says EU May Have to Wait for U.S. Trade Talks (10:20 a.m NYT)The European Union’s former trade chief, Cecilia Malmstrom, warned that negotiations for a transatlantic deal may have to wait, even with a U.S. administration under President-Elect Joe Biden taking office in January.“We shouldn’t expect Europe or the Biden administration to rush to the negotiating table to take that out of the freezer,” Malmstrom said. “There has been a considerable lack of trust between the EU and U.S. in the trading area over the past years so we need to rebuild that.”Malmstrom said that she doesn’t expect the resumption of talks “in at least the first two years” of the Biden administration. –Richard BravoMoreno Says Trade Can Aid World’s Hardest-Hit Region (10:12 a.m NYT)The countries of the Americas should look at ways to enchance regional trade to help speed a recovery in Latin America, the region of the world hit hardest by the Covid-19 pandemic, said Luis Alberto Moreno, the former president of the Inter-American Development Bank.Latin America has an opportunity to improve integration and agree to a common set of rules to benefit its countries, particularly by better incorporating Central America and creating opportunities for nations that are a large source of migration to the U.S., said Moreno, who completed 15 years at the helm of the Washington-based institution at the end of September. — Eric MartinJordan’s King Urges Ensuring Covid Vaccine for All (9:55 a.m. NYT)Jordan’s King Abdullah II said the Covid-19 crisis showed why countries must work together to tackle global challenges, as he urged world leaders to ensure vaccines are made available to all.“The pandemic has shown us how connected we truly are,” he said. The vaccine “must be treated as a global public good.”A program aimed at supplying low- and middle-income countries with Covid-19 shots said this month it has raised more than $2 billion but needs an additional $5 billion for next year. The king said the pandemic offered an opportunity to build the resilience needed to confront other global crises, including climate change and food insecurity. — David WainerKissinger Warns U.S.-China Divide Risks Catastrophe (9:45 a.m. NYT)The incoming Biden administration should move quickly to restore lines of communication with China that frayed during the Trump years or risk a crisis that could escalate into military conflict, former U.S. Secretary of State Henry Kissinger said at the forum.“Unless there is some basis for some cooperative action, the world will slide into a catastrophe comparable to World War I,” Kissinger warned. “America and China are now drifting increasingly toward confrontation, and they’re conducting their diplomacy in a confrontational way,” the 97-year-old Kissinger said in an interview with Bloomberg News Editor-in-Chief John Micklethwait. “The danger is that some crisis will occur that will go beyond rhetoric into actual military conflict.”The diplomat who paved the way for President Richard Nixon’s historic 1972 trip to China said he hoped that the shared threat of the Covid-19 pandemic would provide an opening for political discussions between the two countries when President-elect Joe Biden takes office on Jan. 20. –Peter MartinMcDonald’s CEO Sees Long-Term Covid Impact From Pandemic (9:39 a.m. NYT)McDonald’s Corp. will need to be thinking about personal protective equipment (PPE) and tracking transmission rates for in-restaurant staff for the foreseeable future, Chief Executive Officer Chris Kempczinski said.It’s an “evolving area of consciousness,” he said. “There’s now a much higher level of appreciation and understanding on the safety component. We have, like I think everybody, learned through this.” — Leslie PattonIBM’s Rometty Sees ‘New-Collar Jobs’ (9:21 a.m. NYT)International Business Machines Corp. Executive Chairman Ginni Rometty highlighted the importance of what she called “new-collar jobs” as a way to attract candidates with different backgrounds to the technology industry.IBM has tried to hire based on skills as opposed to college degrees, and the company has partnered with high schools and community colleges to promote this effort, the executive said.Rometty also said the digital economy has not been inclusive and noted that the global pandemic and “systemic racism” have made the issue worse. — Isabelle Lee, Rosalind MathiesonSchwarzman Says Teachers Shouldn’t Pay Income Taxes (9:12 a.m. NYT)The chairman, co-founder and CEO of Blackstone Group Inc. said the U.S. must bolster its education system, noting that only 5% of children in public schools are learning computer science.Stephen Schwarzman also said the business community needs to help provide apprenticeships for schools and that teachers should be the only group of workers in the U.S. who are exempt from paying income tax.“It will mark them apart from other types of employment as a valued class,” he said. — Sabrina WilmerSingapore Minister Cites Underlying Workforce Issues (9:01 a.m. NYT)Singapore Senior Minister Tharman Shanmugaratnam began a panel on a “New Deal” for workers by pointing out there were issues for the workforce well before Covid-19 hit.By that he meant not just the most vulnerable workers, but also the middle class, which has suffered from stagnant incomes and fewer opportunities in rural areas. And in many advanced economies, Tharman says, job creation has centered on relatively insecure service sector jobs. He proposed two solutions: Greater intervention by both government and the private sector in boosting lifelong learning, and greater investment in “public goods” including infrastructure. — Rosalind MathiesonUN Chief Sees Biden Election Aiding Climate Goals (8:45 a.m. NYT)United Nations Secretary-General Antonio Guterres said he sees President-elect Joe Biden rejoining the Paris climate agreement and eventually committing to a net-zero pledge by 2050.“With a government committed to move forward, I believe the extraordinary dynamic of the American society will allow us to arrive at net zero by 2050,” Guterres told the forum. “This is the moment for a great global coalition for net zero.” — David WainerMichael Bloomberg Sees Lessons Learned From Pandemic (8:00 a.m. NYT)Michael Bloomberg said that the lessons learned from the global fight against Covid-19 could help the world take on challenges including climate change and racial and economic inequality.“We can right the ship of the global economy and put it on a smart course for the months and years ahead,” the former New York City mayor said at the start of the annual forum. “The truth is the pandemic has also reminded us what’s possible when the public and private sectors collaborate.”Michael Bloomberg is the founder and majority owner of Bloomberg LP.The four-day summit comes amid the virus’s resurgence, particularly in the U.S. and Europe, and early but promising developments regarding a potential vaccine. To date, the virus has infected at least 54 million people and caused about 1.3 million deaths, including an estimated 240,000 in the U.S.Speakers at the four-day summit include Ginni Rometty, the executive chairman of IBM, Indian Prime Minister Narendra Modi, Ray Dalio, the co-chairman and founder of Bridgewater Associates and Christine Lagarde, president of the European Central Bank. The focus of the forum will shift from finance and trade on Monday to cities, climate and global trade in the coming days.“Every big challenge we face requires cooperation and collaboration,” Bloomberg said in his remarks. “If we act wisely, we can invest in ways that reduce greenhouse gases and build resilience, that address economic and racial inequality, that reduce poverty and improve public health, and that spur growth and job creation.” — Bill FariesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Samsung Intensifies Chip Wars With Bet It Can Catch TSMC by 2022
Tue, 17 Nov 2020 01:02:06 +0000
(Bloomberg) — Samsung Electronics Co. is pouring $116 billion into its next-generation chip business that includes fabricating silicon for external clients, betting it can finally close the gap on industry leader Taiwan Semiconductor Manufacturing Co. as soon as two years from now.South Korea’s biggest company will mass-produce 3-nanometer chips in 2022, a senior executive at its foundry division told attendees at an invite-only event last month. That target, which hasn’t previously been reported, means it’s on a path to start churning out the industry’s most advanced semiconductors the same year as its Taiwanese rival expects to pass that milestone. Samsung is already developing initial design tools with key partners, Park Jae-hong, executive vice president of foundry design platform development, told conference delegates.If Samsung succeeds, that will be a breakthrough for its ambition to become the chipmaker of choice for the likes of Apple Inc. and Advanced Micro Devices Inc. that now rely on foundries like TSMC. The business isn’t new to Samsung, which was the first manufacturer of Apple’s A-series iPhone processors, but the company’s renewed push is now shepherded by billionaire heir Jay Y. Lee, who wants to see it establish tech leadership across advanced sectors like chipmaking and 5G networking to power its next phase of growth. Park’s comments suggest Samsung is accelerating its bid to compete with iPhone-chipmaker TSMC, one of the biggest beneficiaries of this year’s wave of stay-at-home demand for personal electronics.“To actively respond to market trends and lower the design barrier for competitive systems-on-chip development, we’ll keep innovating our cutting-edge process portfolio, while strengthening Samsung’s foundry ecosystem through close collaboration with partners,” Samsung’s Park told attendees, according to people at the event.Read more: Samsung Takes Another Step in $116 Billion Plan to Take on TSMCSamsung’s aim is in line with TSMC’s target of offering volume production of 3nm chips in the second half of 2022. But the Korean company also hopes to go one better by adopting what’s known as the Gate-All-Around technique, regarded by some as game-changing technology that can more precisely control current flows across channels, shrink chip areas and lower power consumption. TSMC had opted for the more established FinFET structure for its 3nm lines.“Samsung is catching up to TSMC very fast and it seeks to achieve dominance over its competitor by adopting the new technology for the first time,” said Rino Choi, a professor of materials science and engineering at Inha University. “However, if Samsung can’t improve production yields of the advanced node fast in an initial stage, it may lose money.”Already the world’s largest maker of computer memory and displays, Samsung wants a bigger share of the $250 billion foundry and logic-chip industry that’s set for accelerated growth with the advent of artificial intelligence and fifth-generation wireless technology. In 2019, TSMC controlled more than half of the contract chipmaking market while Samsung had just 18%, according to TrendForce data.Lee has taken a close interest in the matter. He flew to ASML Holding NV’s headquarters in the Netherlands last month to discuss supply of its extreme ultraviolet lithography (EUV) machines, gear that’s indispensable to the creation of the most advanced semiconductors. Other top executives have toured major cities from San Jose to Munich and Shanghai, hosting foundry forums and negotiating deals.Some analysts question Samsung’s ability to carve out a significant share of a market dominated by TSMC, which spends some $17 billion annually to ensure it remains at the forefront of both technology and sheer capacity. For its part, Samsung’s semiconductor division plans to spend $26 billion on capital expenditure in 2020, but that’s been largely in support of its dominant memory business and not all of its expertise in making memory is directly relevant to creating advanced logic chips.Processors are more complex to manufacture than memory and their production yields are harder to control and scale up in the same way. Foundry customers also require bespoke solutions, imposing another barrier to rapid expansion and also making Samsung dependent on customers’ designs. But the Korean giant can draw confidence from its work with Nvidia Corp., whose chief executive officer sung the praises of collaborating with Samsung on customizing the manufacturing process for its latest graphics card silicon.The risks and initial setup costs have whittled down the number of companies capable of even competing in the EUV-based chipmaking industry. Intel Corp. this year announced it’ll consider outsourcing production of its most important chips for the first time, highlighting the complexities of the business and leaving Samsung and TSMC as the two major competitors. While Samsung has scored some marquee customers, TSMC’s long-standing relationships with clients allow for better coordination on design and manufacturing, leading to superior yields, said Sanjeev Rana, an analyst at CLSA Securities Korea.“In terms of chip performance, Samsung and TSMC are neck and neck,” Rana said. “Most smartphone, high-performance computing, high-end server applications need leading-edge process fabrication for performance and power efficiency reasons. This is where the competition between TSMC and Samsung comes into the picture.”Read more: Behind Samsung’s $116 Billion Bid for Chip SupremacyThe Korean company is making rapid advances, in part because even with TSMC’s deep pockets, the Taiwanese chipmaker cannot expand capacity quickly enough to satisfy all demand. Customers also prefer to use more than one foundry, which also works to Samsung’s advantage. The Korean company has already secured enough orders from major clients to keep its currently most-advanced 5nm process lines busy for the next few years, a company executive told Bloomberg News. The electronics giant increased its roster of semiconductor clients by 30% last year, according to another official. In recent months, Nvidia and IBM Corp. are among those that turned to Samsung for some of their chipmaking needs, while Qualcomm Inc. has reportedly awarded the company a 1 trillion won ($858 million) contract to build its flagship mobile processors.Samsung started up its first dedicated plant for EUV-based fabrication in the southern city of Hwaseong this year, while a second facility in Pyeongtaek is slated for mass production in the second half of 2021. The growth rate of its foundry business is expected to significantly exceed that of the market, which is likely to be in the high single-digits, Shawn Han, senior vice president of the semiconductor business, said during a recent earnings call. The GAA technology that Samsung’s chosen is expected to be adopt by TSMC for 2nm processes in 2024, but there’s a chance that schedule could be moved up to the second half of 2023, said Kim Young-soo, an analyst at SK Securities.“Technically, Samsung could turn the table in 2023 before TSMC kicks off the 2nm production,” Kim said. “There will be overflow orders of making application processor chips and edge computing devices. The key to expand the market share is how many EUV machines Samsung can secure.”Officials at Samsung believe the company has a competitive edge from its experience building both the chips and the devices that they go into, like Galaxy smartphones. It can foresee and address the engineering requirements of its clients. Samsung believes its other trump card is an ability to package memory and logic chips into a single module, improving power and space efficiency. But some companies may be wary about outsourcing production to a direct competitor. TSMC executives have from time to time highlighted the fact that the Taiwanese chipmaker doesn’t compete with any of its customers, a clear jab at Samsung.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Dow Jones Soars on Moderna Vaccine News; Home Depot, IBM, and Cisco Announce Acquisitions
Mon, 16 Nov 2020 17:48:00 +0000
More positive vaccine news lit a fire under the stock market on Monday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) up about 1.4% at noon EST. Moderna announced that an independent data-safety monitoring board found that its coronavirus vaccine candidate had an efficacy rate of 94.5% in a large phase 3 trial. The company expects to have 20 million doses ready to ship in the U.S. by the end of 2020, and it's on track to manufacture as many as 1 billion doses globally next year.
Factors You Must Note Ahead of Workday's (WDAY) Q3 Earnings
Mon, 16 Nov 2020 16:58:04 +0000
Workday's (WDAY) fiscal third-quarter results are likely to reflect gains from robust adoption of its cloud based HCM and financial management solutions.
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