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The virus situation seems to be improving. The UK passed the peak of infections, the US and Europe see improvements, too. Vaccines are being distributed all over the world. Not without obstacles but still, the process is unrolling. In this regard, it makes sense to look at the pharma stocks that all surged in 2020 on the pandemic.
Let’s put it like this: if you entered a position at the end of 2020, what would your profit be now?
Novavax is no doubt a champion here. It was floating above the support of $108 just a couple of weeks ago. Currently, it trades at $285 – that’s just slightly less than a 300% growth. All that is thanks to the vaccine production that appears to have taken a steady course and is expected to deliver the shots by summer.
Inovio made a slower rise but as spectacular. Starting at around $9 per share in the middle of January, it came to $19 right this week, ceding back below $15 however.
Moderna, the pharma company that was second after Pfizer in the race for vaccine delivery, dropped to $104 as the year began. However, since then, it gained more than 80% of value rising to $185 per share.
Emergent BioSolutions rose from $90 to $118 through the last several weeks taking #4 in the league of the pharma stocks.
All these stocks are at the forefront of the pharma industry now, and they will enjoy high demand through 2021 as even Pfizer CEO said that Covid-19 is “here to stay”. That means, in the long-run, you may bet on further growth – and further gains. At the same time, that doesn’t put away the necessity of technical analysis and being prepared to see corrections on the way – especially after these stunning leaps to the upside.
Finally, remember that you can trade stocks not only through MetaTrader 5 but FBS Trader, too!
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.
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