Form 497K Advisors Preferred Trust streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Reddit investors drive up silver for the second day
Bloomberg
Silver jumped for a second day on Friday as the market remains on high alert after a call by Reddit Inc posters to create a short squeeze sparked sharp moves on Thursday.
Silver for March delivery rose US$0.99 to US$26.91
On Thursday, silver miners’ shares spiked and the largest silver exchange-traded fund, iShares Silver Trust, saw a frenzy of options buying after the market emerged as a target on the Reddit forum r/wallstreetbets.
The WallStreetBets forum on the Reddit Inc Web site is displayed on a laptop and the Reddit logo is displayed on a smartphone in Hastings-On-Hudson, New York, on Friday.
Analysts from Barclays, Raymond James, and Baird all downgraded their ratings for
Arcturus on Tuesday.
Arcturus released clinical and preclinical data for its COVID-19 vaccine candidate, ARCT-021, on Monday while also announcing that the Singapore Health Sciences Authority approved the vaccine for Phase 2 clinical studies.
Barclays analyst Gena Wang wrote that the interim data of the vaccine candidate was disappointing, per Seeking Alpha.
Arcturus Therapeutics fell as much as 53% to $40 on Tuesday, extending its losses for a second straight day after Wall Street was disappointed with the medical company s COVID-19 vaccine updates.
Arcturus released clinical and preclinical data for its COVID-19 vaccine candidate, ARCT-021 on Monday while also announcing that the Singapore Health Sciences Authority approved the vaccine for Phase 2 clinical studies.
Goldman s answer: No
Advertisement Despite the severity of the health crisis, state and local authorities have only tightened restrictions on economic activity modestly on average. Over the next month or two, early vaccination efforts targeting the most vulnerable segments of the population should produce a decline in hospitalizations, the key variable that has most often forced reluctant authorities to impose new restrictions. If so, restrictions are unlikely to get much tighter. We have raised our Q1 GDP growth forecast to +5% on a quarterly annualized basis and see a negative print as unlikely, Goldman said.
2. Will the virus threat fade enough for dense cities and high-rise service industries to recover?