U.S. markets open in 8 hours 58 minutes

  • S&P Futures

    3,687.75
    +6.25 (+0.17%)
     

  • Dow Futures

    30,093.00
    +59.00 (+0.20%)
     

  • Nasdaq Futures

    12,671.50
    +20.25 (+0.16%)
     

  • Russell 2000 Futures

    2,009.80
    +6.90 (+0.34%)
     

  • Crude Oil

    48.46
    +0.34 (+0.71%)
     

  • Gold

    1,880.80
    +2.70 (+0.14%)
     

  • Silver

    25.98
    +0.05 (+0.21%)
     

  • EUR/USD

    1.2209
    +0.0010 (+0.09%)
     

  • 10-Yr Bond

    0.9550
    -0.9180 (-100.00%)
     

  • Vix

    23.31
    -24.23 (-100.00%)
     

  • GBP/USD

    1.3553
    +0.0047 (+0.35%)
     

  • USD/JPY

    103.5560
    +0.0310 (+0.03%)
     

  • BTC-USD

    23,083.66
    +88.25 (+0.38%)
     

  • CMC Crypto 200

    428.81
    -12.93 (-2.93%)
     

  • FTSE 100

    6,495.75
    +42.59 (+0.66%)
     

  • Nikkei 225

    26,627.33
    +102.54 (+0.39%)
     

SpaceX shows off its Starship test flight one more time

Richard Lawler
·Senior News Editor
SpaceX's first super heavy-lift Starship SN8 rocket during a return-landing attempt after it launched from their facility on a test flight in Boca Chica, Texas U.S. December 9, 2020.
SpaceX's first super heavy-lift Starship SN8 rocket during a return-landing attempt after it launched from their facility on a test flight in Boca Chica, Texas U.S. December 9, 2020.

Taking a victory lap around the test flight that wrapped up quite a year for SpaceX, the company posted a longer video of its Starship SN8 high-altitude test flight. Its high speed impact and explosion is just a footnote, as this two-minute video marvels at the spectacle of a 12-story-tall vehicle executing a controlled fall and landing flip maneuver.

SpaceX has already rolled its next prototype out of the hangar so we may not have to wait long for a follow-up, but for now this footage will have to suffice.

Latest Stories

  • Nikola's stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks

    The undoing of Nikola continues. Today, the company announced the termination of its contract with Republic Services for 2,500 garbage trucks. Announced back in August, the deal had Nikola building garbage trucks in 2023 with on-road testing scheduled for 2024.

  • 4 Hot Penny Stocks Trading Under $1 That Need To Be On Your Watchlist

    This article is going to explain what penny stocks are and discuss four penny stocks under $1 to watch as small-cap stocks continue a hot streak this winter.First thing's first, what are penny stocks? In short, these are shares of companies that trade for less than $5. Penny stocks are well-known for their volatility aside from just their cheap price. But whether you're looking at stocks under $1 or ones closer to $5, it's important to keep a few things in mind. First, understand what you're buying and why you're buying it. Just saying you trade penny stocks isn't the goal. You're in the market to make money. So, identifying entry and exit targets are obviously important. What's more, is you should have a basic strategy in mind. Are you looking at day trading penny stocks or do you have a longer-term idea in mind? Also, it's important to account for the swings in price and how fast they're happening. Small-Cap Stocks Continue Their Hot Streak Why would anyone want to buy penny stocks right now? Case in point, small-cap stocks are red hot right now. Check out the benchmark ETF, the Russell 2000 (IWM). While the S&P, Dow, and even the Nasdaq struggle to maintain a bullish trend, the IWM just made fresh, all-time highs on Wednesday. Considering the strength in small-cap stocks - especially stocks under $1 - it's prudent to at least have some trending names on your watch list.When finding penny stocks to buy, make sure you assess each trade independently and plan accordingly. Most wouldn't plan on investing in penny stocks that are rising and falling 50% in seconds. Furthermore, day traders wouldn't normally jump into a stock that is barely fluctuating in price. As a rule of thumb, the lower the price, the higher the volatility. That's simply for the fact that a small move in price equates to a larger percentage change. With this in mind are any of these penny stocks under $1 on your watch list right now?Tonix Pharmaceuticals Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) is another one of the penny stocks under $1 gaining steam before the end of the year. This week the company came out with news that it finished the purchase of roughly 44 acres in Montana. This will be the site for its vaccine development and manufacturing facility. This adds to the growing footprint of the company as well. A few months ago, Tonix also bought a 40,000 sq/ft facility in Massachusetts. These two facilities will support the development and production of the company's vaccine candidates. If you're new to TNXP stock's story, the company is currently developing TNX-1800 as a potential COVID-19 vaccine as well as TNX-801 for a smallpox/monkeypox vaccine.Specifically, the TNX-1800 has been a center of attention as you could imagine. Many coronavirus vaccine stocks have garnered interest over the last few months. In this case, Tonix is aiming to report efficacy data from animal challenge studies of the vaccine candidate next quarter. Biolase Biolase Inc (NASDAQ: BIOL) is another one of the lower-priced penny stocks making moves at the end of the year. This week alone the penny stock has climbed from around $0.27 to over $0.31. While this is only a $0.04 move, it equates to a nearly 15% jump in price since Monday. Unlike other biotech's Biolase is mainly focused on products used in oral health. The company's main products are dental laser systems that perform a wide range of procedures, including cosmetic and complex surgical applications. Last month the company launched Waterlase Endo Academy to foster education and best practices for integrating Waterlase technology in clinical settings. "As endodontists continue to seek out more advanced solutions for challenging cases, the academy will serve as a resource for some of the greatest minds in the field to elevate the dissemination of best practices for the integration of advanced technology like the Waterlase," said Todd Norbe, President and CEO of Biolase.Jaguar Health Inc. (NASDAQ: JAGX) has continued climbing this week. Wednesday saw the penny stock further extend its December gains and reach highs of over $0.90. While we've reported on the company for weeks, the bigger move this week comes after Jaguar's latest update. The company signed an agreement for a non-dilutive royalty financing transaction. Jaguar will sell a royalty interest of future royalties of its Mytesi® (crofelemer) and lechlemer for an aggregate purchase price of $6 million.Lisa Conte, Jaguar's president and CEO, explained that, "The timing of this transaction aligns well with the progress of the recently initiated pivotal Phase 3 trial for CTD, for which patient enrollment is progressing."Also keep in mind that the company held preliminary discussions with Swiss Growth Forum, a sponsor of a European special purpose acquisition company, "Post Pandemic Recovery Equity". There's a potential deal with the SPAC and an operational subsidiary of Jaguar to be established in Europe with an exclusive license to crofelemer and Mytesi for the indications of inflammatory diarrhea and HIV-related diarrhea.Senseonics Holdings Inc. (NYSE: SENS) has begun skyrocketing this week after a major U.S. patent win. Senseonics was granted a patent titled, "Remotely-powered sensing system with multiple sensing devices." Considering that the company is a medical device company, patent wins come in very handy. Senseonics' implantable glucose monitoring systems are used by diabetes patients. The company's CGM systems, Eversense® and Eversense® XL, include a small sensor inserted under the skin. This communicates with a smart transmitter worn over the sensor. Data are then sent every five minutes to a mobile app on the user's smartphone. Adding to the reasons to watch Senseonics, earlier this year the company entered a collaboration with Ascensia Diabetes Care, a global diabetes care company. Heading into the beginning of 2021, there are a few things traders are following. One of these things is the initiation of commercial activities outside of the US with the help of Ascensia. The company also expects a decision on approval of its Eversense product by the FDA in the first half of the year.Neither the author of this post nor Pennystocks.com have a position or financial relationship with any of the stocks mentioned above.See more from Benzinga * Click here for options trades from Benzinga * 6 Alternative Energy Stocks To Watch For Q1 2021 As Renewables Heat Up(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 3 “Strong Buy” Stocks Insiders Are Snapping Up

    Insiders are an interesting lot. From an investor’s perspective, corporate officers have access to information – and information has always been the key to successful investing. Company CEOs, exec VPs, board members – these are ‘insider’ positions, officers in position to know what is happening, or likely to happen, to a company and its stock.And yes, they do trade their company’s stock. They are privy to the inner workings of their companies, and that knowledge puts them in a far better position than the general public to make purchase decisions on their on corporate stock.To keep the market’s playing field level, Federal regulators require that corporate officers – the insiders – publicly disclose their trading in the companies they administer. In short, following the corporate insiders is a viable path toward profitable stock moves.To make that search easier, the TipRanks Insiders’ Hot Stocks tool gets the footwork started – identifying stocks that have seen informative moves by insiders, highlighting several common strategies used by the insiders, and collecting the data all in one place.Fresh from that database, here are the details on three Strong Buy stocks showing ‘informative buys’ in recent days.Vistra Energy (VST)The first insider pick here, Vistra Energy, is a Texas-based utility company. Vistra offers a full range of electricity services, including power generation, transmission, and distribution. The company is, of course, an essential industry, giving it an edge during the ongoing corona crisis, and Vistra’s revenues made a fast recovery from a modest dip in Q2.That recovery was substantial. Q3 revenues came in at $3.55 billion, up 40% from Q2 and 11% from the year-ago quarter. The company’s earnings were also solid, at 90 cents per share, and were the best in over two years.Two of Vistra’s officers have made recent insider stock buys – the President and CFO, James Burke, and Board of Directors member Scott Helm. Burke purchased 17,000 shares for which he paid over $310,000. Helm, for his part, paid over $356,000 for two blocs of 10,000 shares each. Among the supporters is BMO analyst James Thalacker who rates VST an Outperform (i.e. Buy) along with a $29 price target. This figure suggests a 57% one-year upside. (To watch Thalacker’s track record, click here)Thalacker takes note of the company’s solid Q3 performance, and its potential for a strong finish to the year, noting: "We ascribe the strong performance at generation to a more favorable hedging environment last summer when the company entered into its 2020 hedges. In addition, with a very mild summer in ERCOT we suspect VST may have had the opportunity to optimize its generation portfolio by running less of its own higher heat rate power units and procuring power in the spot market."The analyst added, "We are maintaining our $3.590 billion estimate (already on the upper half) as we wait to see how power conditions develop over the next few weeks.”Overall, Vistra Energy holds a Strong Buy rating from the analyst consensus, based on 6 recent reviews breaking down 5 to 1 Buy vs. Hold. The stock’s $18.47 share price and $29 average price target make the upside ~57%, matching Thalacker’s for the coming year. (See VST stock analysis on TipRanks)Grid Dynamics Holdings (GDYN)Next up, Grid Dynamics, is a hi-tech company offering digital transformation services. Grid’s services include solving the problems of legacy replatforming, technology engineering, and moving to the cloud. The company has a global customer base, and is headquartered in Silicon Valley.Grid went public on the NASDAQ index in March of this year, through a merger with a special purpose acquisition company, ChaSerg Technology Acquisition Corporation. When the transaction closed, Grid boasted a market cap of $660 million. The stock fell sharply in the early days of its trading, coinciding with COVID’s impact on the economy and stock markets at that time. Since then, GDYN shares have rallied, and the shares are up more than 120% from their March trough.The corona impact can still be felt for Grid, however. While revenues in Q3 were up 18% sequentially from Q2, the $26.33 million reported was still lower than Q1. The company reported strong revenue growth in its non-retail industry and technology verticals. The notable insider move here comes from Victoria Livshitz, EVP of Customer Success, who purchased 126,000 shares last week. She shelled out $1.48 million for the bloc of shares, and now has a holding in GDYN worth $10.65 million.Canaccord's Joseph Vafi is impressed by Grid’s forward prospects. The 5-star analyst noted, "We believe the Grid customer set will be more robust and growthy versus pre-pandemic, boosted by strong spend on digital transformation by healthy and growing customers in TMT and CPG. Retail, de-risked, retains attractive option value, but no longer will Grid be weighed down by material revenue exposure in a somewhat hamstrung and defensive vertical.”To this end, Vafi rates GDYN a Buy along with a $15 price target. At current levels, his target implies a 12-month upside potential of 21%. (To watch Vafi’s track record, click here)Survey says… Wall Street agrees. A grand total of four out of four ratings published in the past few weeks say GDYN is a Strong Buy. However, the stock’s $12.75 average price target suggests a modest upside of 3% and a change from the current share price. (See GYDN stock analysis on TipRanks)Arvinas Holding Company (ARVN)From hi-tech we shift to biotech, where Arvinas is an innovator in the biopharmaceutical field. The company is working on protein degradation therapeutics, a new class of drugs that targets disease-related proteins and uses the body’s own natural protein disposal systems to break down and remove problem proteins. As with most research-based biopharma companies, Arvinas is all about the pipeline. The pipeline here is early stage, but robust, featuring no fewer than 13 programs in the fields of oncology, immune-oncology, and neuroscience. The drug candidates under developments are in various stages of early research, ranging from the exploratory to Phase 1 clinical trials.In recent days, ARVN shares have spiked, more than doubling their share price. The jump came after the company released clinical data showing the potential efficacy of two pipeline drugs; ARV-471 for the treatment of patients with locally advanced or metastatic ER+/HER2- breast cancer, and ARV-110 for the treatment of men with metastatic castrate-resistant prostate cancer.Also in recent days, Arvinas announced the pricing on a new issue common stock. The company is putting 5.714 million shares on the market at $70 each, in a move to raise $400 million in new capital.And this brings us to the insider trading. Board member Liam Ratcliffe spent $9.99 million on 142,857 shares during the new common stock offering. His total holding in ARVN is now $58.46 million.In a note from Roth Capital, 5-star analyst Zegbeh Jallah writes, “We like management's outline of important next steps, which we believe highlights how Arvinas plans to develop [ARV-110 and ARV-471] to drive value, and build out its early-stage pipeline… The company's robust preclinical pipeline is a nice addition to its strong leading clinical candidates.”Jallah gives the stock a Buy rating, and his $120 price target implies a strong one-year upside of 50%. (To watch Jallah’s track record, click here)It’s not often that the analysts all agree on a stock, so when it does happen, take note. ARVN's Strong Buy consensus rating is based on a unanimous 9 Buys. The stock’s $102.44 average price target suggests it has 28% growth ahead of it in the coming year. Shares currently trade at $79.74. (See ARVN stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • Cramer's 'Dream Market' Of Alternative Fuel Stocks: Quantumscape, Plug Power And More

    Tech stocks along with banks, aerospace, retail, and many other sectors have all had "their day in the sun" and now is the time for investors to pay closer attention to a "dream market" of alternative fuel companies, according to Jim Cramer.Hydrogen Power: At top of the list are potential power giants of the future like Plug Power Inc (NASDAQ: PLUG), Cramer said Tuesday on "Mad Money." The hydrogen fuel cell company has seen its stock skyrocket more than 1,000% in 2020. Fellow hydrogen cell company Bloom Energy Corp (NYSE: BE) is up 300% while Ballard Power Systems Inc (NASDAQ: BLDP) is up 200%.EV Play: Self-driving electric vehicles won't be possible without companies that manufacture the technology that powers the cars.Luminar Technologies Inc (NASDAQ: LAZR) is a manufacturer of laser-based sensors and competes against Velodyne Lidar Inc (NASDAQ: VLDR).EV cars will need access to charging stations. At the forefront of that market is Blink Charging Co (NASDAQ: BLNK) and its stock has soared from a 52-week low of $1.25 to a high of $48.70 in 2020.But at the end is Cramer's top pick, Quantumscape Corp (NYSE: QS), a maker of a lighter and faster-charging battery for EVs.Related Link: Watch Out, Elon Musk. These EV Startups Are Trying To Take On TeslaRare Earth Minerals: Rare earth mineral company Mp Materials Corp (NYSE: MP) is a U.S.-based company with "a hammerlock" on magnets for electric engines, Cramer said.Why The Interest: These "alternative energy-adjacent companies" boast expertise in unique technologies that used to be "too expensive" but have now become a lot cheaper to produce, Cramer said.The group is also benefiting from a potential catalyst from a Joe Biden administration that will be more supportive of alternative energy, Cramer said.See more from Benzinga * Click here for options trades from Benzinga * Ripple, XRP And The SEC: What You Need To Know * Corona Beer Sales Reportedly Unaffected By Unfortunate Name Association(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Elon Musk Floats Idea Of Starting One Parent Company To Hold Tesla, SpaceX, Boring, Neuralink

    Elon Musk is the CEO of multiple companies. While his main focuses are SpaceX and Tesla Inc (NASDAQ: TSLA), he's also CEO of Neuralink and The Boring Company.One thing all of these companies have in common is the desire to solve problems humans are or will soon face, and let everyone look forward to a brighter future.While Tesla is public, the other companies remain privately held. SpaceX has talked about spinning off Starlink into an IPO. Starlink is currently launching a satellite-based internet solution that aims to service the internet to rural customers or those out of reach of land-based internet connections. The Boring Company looks to dig tunnels underground to alleviate traffic congestion.When Tesla investor Dave Lee suggested to Musk to form a holding company called X, that would work as a parent company for Musk's many ventures, Musk seemed intrigued.> Good idea> > -- Elon Musk (@elonmusk) December 23, 2020Alphabet Inc (NASDAQ: GOOGL) is a similar setup. Back in 2015, Google was restructured and Alphabet became its parent company along with other Google subsidiaries.Photo courtesy: Daniel Oberhaus via WikimediaSee more from Benzinga * Click here for options trades from Benzinga * Watch This Teaser Video From Ford Showing Electric F-150 Playing In Snow With Mustang Mach E * Apple Aims To Produce Electric Vehicle In 2024: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • The new stimulus deal includes 6 tax breaks that could help Americans

    The $900 billion coronavirus relief deal includes six tax breaks for Americans. Another three tax benefits show up in the government spending bill attached to the package.

  • 6 Reasons Why You Should Not Buy A Home

    Owning a home might be the epitome of the American dream, but it's not engraved in stone! So, if you've been toying with the idea of giving up homeownership, then, by all means, go for it. However, given that homeownership is perceived as the hallmark of wealth, giving it up is set to bring you a lot of controversies. Individuals in your circle might even criticize. But regardless of what the greater population thinks, here are good reasons never to buy a home.Homeownership Costs Are Lifelong Advocates for homeownership often argue that paying rent is costly, but homeownership is equally as expensive. Homeownership costs do not end with that initial payment. It comes with lifelong costs, which, compared to renting, will create a dent in your finances and take away your peace of mind. For instance, utility bills like electricity and water are unavoidable and must be paid every month. According to Zillow, these bills alone cost homeowners between $2,300 and $4,600 annually. Add in recurring costs like insulation, heating and cooling maintenance costs, homeowners insurance, property taxes, HOA fees, mortgage payments, and yard maintenance, and chances are you end up spending more annually than a renter residing in a house similar to yours. What's more, there's no opting out. Once you purchase a home, you commit to these costs unless you decide to sell it. On the other hand, when you lease or rent a home, you can always opt-out. For example, when times become hard, you can always shift to income based apartments until you're back on your feet again. A Home Is Not A Real Estate Investment Pro-home individuals will try to convince you that your home is an investment. Although there's some truth in this, buying a house as your primary residence is not the same as buying one to rent out or resale. Why? Well, when you purchase a home for real estate, it brings you a return on investment.For instance, when you purchase a condo and rent or lease it out, it offers you returns on investment at least every month or every six months based on the terms of your agreement with your tenant. But when you purchase a home to live in, you will have invested, but you will not get any returns. If anything, you will be the one putting money into it through maintenance, mortgage payments, and all other costs mentioned earlier. Plus, a house can never be an investment if you don't plan on selling it at any point. What makes an investment an investment is your control over its ownership. In other words, a real estate investment is referred to as such because you can buy it when its value is low and sell it when the value is high, making profits.But your primary residence is different because you cannot just wake up one morning and decide to sell it unless you are hard-pressed for cash, which in most cases means you will take any offer leading to losses.Also, when you sign that home-buying agreement, your money is automatically locked down, and the only way you can get it back is by selling it or taking a home equity loan. When you rent or lease, you free up your cash, and you can use it to invest in opportunities that grow your wealth.Sure, you could argue that rent is expensive, but this is not a good enough reason to buy a home since there are plenty of modern, well-equipped, low-income apartments that'll help you keep costs low. Housing Values Aren't Always High It's true that a house increases in value as time goes by. Due to inflation, a house bought for $100,000 is by now worth over $600,000. That means selling it will bring you good profits. However, keep in mind that the real estate market is incredibly volatile.The value of your home might be high now, then it may drop steeply due to a real estate market crash and/or other external factors. For instance, during the great financial recession of 2007-2009, real estate market values experienced a sharp decline, which saw sellers incur massive losses. Existing listing values plunged from $7.1 million to $4.1 million, marking a 25% decline in the value of homes sold during this period. What does this have to do with buying a home? Well, you may buy a home expecting it to increase in value, but instead, find that its value is incredibly low when you badly need to sell it off. The result? You end up selling it at a loss. Keep in mind that some factors are out of your control. For example, the real estate market may not crash, but due to other components such as increased crime, the value of homes in the neighborhood you bought your home in goes down. Such an occurrence will make it almost, if not, impossible to find a buyer who's willing to get it off your hands, even at a buying price.In other words, unless you have a magical crystal ball, there's no telling what will happen next with the general, or your local, real estate market.So if you are buying a home now with hopes that its value will increase in the future, then you are better off not buying one because you potentially could be massively disappointed.Owning A Home Ties You Down Unless you are wealthy and can afford to buy a home in different parts of the country, homeownership tethers you to one location. If you get a fantastic job or entrepreneurship opportunity, you cannot just pack up and go. First, you have to put your home on the market and find a realtor to help you sell it.You also have to worry about market values, and since you are in a hurry to move on to your next location, chances are you will sell it to the first buyer because you have no time to wait for better offers. But when you are renting, all you need to do is pack and go. Even if you are not moving, buying a home automatically means you'll have to deal with the community around you for the rest of your life, especially if you don't plan to sell it. For instance, even if you do not like your neighbors, you will have no option but to learn to put up with them. When you rent and don't like your neighbors, the option to walk away is always viable. Homeownership Isn't For EveryoneNot everyone is cut out for homeownership. It comes with responsibilities that some people just don't have the skin to handle. For instance, when you purchase a home, especially in an HOA community, you need to ensure the yard is well maintained, clean out gutters, repaint your exterior regularly, and other similar tasks. Not everyone is cut out for that level of responsibility, and if this describes you, then never buy a home. Homeownership Doesn't Define YouOwning that modern condo is great, but you can still enjoy living in it without having to deal with the stress of ownership by simply leasing. Homeownership doesn't in any way define your success. So, if you've never wanted a home, do not buy it because your peers own multiple houses. After all, homeownership leaves little to be desired.See more from Benzinga * Click here for options trades from Benzinga * Amazon Opening Three San Antonio Facilities * The Psychology Behind M1 Finance's Platform And Its Focus On Financial Well-Being(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Why Apple entering the EV market is 'a good thing'

    Los Angeles-based startup Canoo's executive chairman said the Apple electric car news had a ripple effect through the EV space.

  • Trump wants you to get a bigger stimulus check — so what now?

    The president is demanding $2,000 payments, not $600. What can he do?

  • Don’t Jump on Moderna Stock Bandwagon, Says Analyst

    Last week, Moderna's (MRNA) Covid-19 vaccine candidate mRNA-1273 became the second approved vaccine in the U.S. after it received emergency-use authorization from the FDA. And on Tuesday, the National Institute of Allergy and Infectious Diseases (Niaid) Director Anthony Fauci was administered the first dose of the vaccine live on TV.However, countering the good news, coronavirus stocks have come under pressure this week over worries the current batch of vaccines won’t be effective against a new Covid-19 strain which has recently emerged in the UK.Moderna is currently testing its vaccine against the new fast-spreading variant, but Wall Street’s most prominent Moderna bear remains skeptical about the stock's prospects.Whether the vaccine proves effective against the new strain or not, it makes little difference to Leerink analyst Mani Foroohar.The analyst reiterated an Underperform (i.e. Sell) rating on MRNA shares along with a $69 price target. This figure implies a steep 47% descent from current levels. (To watch Foroohar’s track record, click here)Simply put, Foroohar believes Moderna’s “current valuation and consensus estimates” have all the goodness already baked in, which therefore skews “risk/reward sharply to the downside.”The analyst expects the stock to “remain volatile as investor debates on commercial and execution risk come to the fore.”Moderna’s problem is further exacerbated by several other factors, says the analyst. MRNA-1273 represents the “bulk of the company’s revenue opportunity,” and is the “key driver of share performance.”Furthermore, the effort to combat the virus is a worldwide concern which is likely to result in additional pressure from multiple sources.“As we are in the midst of a global buildout of capacity analogous to a Manhattan project for vaccines,” Foroohar summarized, “We see excess capacity, high competitive intensity, and limited pricing power as likely long-term structural features of vaccine end-markets, presenting secular challenges to a sub-scale player such as MRNA.”What does the rest of the Street think? Looking at the consensus breakdown, opinions from other analysts are more spread out. 7 Buys, 7 Holds and 2 Sells add up to a Moderate Buy consensus. In addition, the $148.31 average price target indicates ~14% upside potential. (See MRNA stock analysis on TipRanks)To find good ideas for healthcare stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • IPOs to watch in 2021: The 5 most anticipated debuts

    2020 was a banner year for U.S. IPOs even amid a global pandemic and financial crisis. Momentum will continue into 2021, with the hotly anticipated debuts of Roblox and Affirm.

  • Cloudera Buys Back $314 Million Intel Stake. Here’s What It Means for the Stock.

    Cloudera said it had bought back all of the stake Intel took in the software company for $314 million, likely booking a substantial paper loss for the chip giant on its investment.

  • Here Are the Most Overvalued Stocks in America. Yes, Tesla Is One.

    2020 has been a year of monster gains for individual stocks, with companies like Tesla seeing a triple-digit rise.

  • Top Dividend Stocks for January 2021

    These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for January.

  • Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst Weighs In

    Can you feel the ground moving beneath your feet? Shares of Ocugen (OCGN) skyrocketed over 800% in the past three trading sessions after the biopharmaceutical company disclosed it had signed a binding letter of intent (LOI) with India based Bharat Biotech to co-develop a COVID-19 vaccine for the U.S. market.Bharat's offering COVAXIN, a whole-viron inactivated COVID-19 vaccine candidate, has already shown promise in Phase 1 and 2 clinical trials in India and the enrollment of 26,000 subjects for the Phase 3 study is currently underway.The agreement stipulates Ocugen will hold the vaccine’s U.S. rights, and the remaining details are expected to be finalized over the coming weeks.Considering Bharat’s reputation for world-class R&D and manufacturing capabilities in vaccines and bio-therapeutics, H.C. Wainwright analyst Swayampakula Ramakanth thinks the company is a “suitable partner.”Ramakanth believes the “broad immunity targeting different components of the virus could potentially provide better protection against emerging mutant viruses, such as the one currently circulating in the UK.” With this in mind, in the Phase 1 study, COVAXIN has shown robust antibody responses against spike (S1) protein, receptor-binding domain (RBD) and the nucleocapsid (N) protein of SARS-CoV-2. “More importantly,” the 5-star analyst added, “COVAXIN also induces comparable levels of neutralizing antibodies to those in human convalescent serum," which, the analyst believes," bodes well for the success of the ongoing Phase 3 trial in India.”Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXIN’s development.However, due to the fact the details of the definitive agreement have yet to be finalized, in addition to the current lack of “insight into the U.S. regulatory pathway or commercial strategy,” Ramakanth stays on the sidelines for now.Accordingly, the analyst rates OCGN a Neutral (i.e. Hold) without suggesting a price target. (To watch Ramakanth’s track record, click here)In contrast, all 3 other analysts who have recently posted an Ocugen review rate the stock a Buy. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. This is most likely a result of the stock’s meteoric rise and analysts’ inability to turnaround new price targets so quickly. (See OCGN stock analysis on TipRanks)To find good ideas for coronavirus stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

  • Stock Market Rally Takes Trump Veto Threat In Stride; China Launches Alibaba Probe, 6 Chip Stocks Near Buy Points

    President Trump's stimulus deal veto threat didn't roil stocks. China is probing Alibaba. AMD leads 6 chipmakers near buy points.

  • Is GE Stock A Buy As Wall Street Gets Bullish On Turnaround?

    GE's turnaround is winning over more believers on Wall Street, and the Boeing 737 Max is returning to service soon. Is GE stock a buy right now?

  • Here's How Much Investing $1,000 In Ethereum 5 Years Ago Would Be Worth Today

    Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin (BTC) in terms of market capitalization. The cryptocurrency was released on July 30, 2015, with Vitalik Buterin and Gavin Wood as its original authors. So how has this altcoin fared in the past half-decade?Ethereal Highs: Assuming an investor purchased $1,000 worth of ETH on Dec.23, 2015, they would have picked up 1162.79 units priced at $0.86 approximately.Fast-forward just three-years to Jan. 13, 2018, when ETH hit its all-time high of 1,432.88 and that $1000 investment would have turned into $1.67 million. Five years later to press-time and the $1,000 would be worth $709,740.70. The returns may not be as impressive, like those in 2018, but it is still a whopping 70,974% gain.Even for the earliest of ETH investors, the cryptocurrency has unleashed a bonanza returning 21,971.12%. The earliest known price for ETH is $2.77, recorded on Aug. 7, 2015.What about Bitcoin and Stocks: The returns from the apex cryptocurrency pale in comparison to ETH, as Bitcoin appreciated 5,295.16% in the same period. $1,000 would have bought approximately 2.29 bitcoins on Dec 23, 2015, which would be worth nearly $52,956 as of press-time.On the equities side, investors in Tesla Inc (NASDAQ: TSLA), Amazon.com, Inc (NASDAQ: AMZN), and Apple Inc (NASDAQ: AAPL) would have enjoyed returns of 1,278.85%, 2450.02%, and 391.72%, respectively.Price Action: ETH traded 2.17% higher at $617.13 at press-time while BTC traded 3.54% higher at $23,589.53.On Tuesday, Grayscale Ethereum Trust (OTC: ETHE) closed 7.64% higher at $23.40 and Grayscale Bitcoin Trust (OTC: GBTC) closed 1.43% lower at $30.39.See more from Benzinga * Click here for options trades from Benzinga * SEC Rule Change On Direct Listings 'Unquestionably' Spells The End-Game For Traditional IPOs, Says Bill Gurley * AstraZeneca To Test Its COVID-19 Vaccine In Combination With Russia's Sputnik V(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • BofA Names Occidental Top Oil Stock Pick, Sees 70% Upside In 2021

    Occidental Petroleum Corporation (NYSE: OXY) is among the most levered stocks to an oil recovery, according to BofA Securities.The Occidental Analyst: Doug Leggate maintained a Buy rating for Occidental Petroleum, with a price target of $29.The Occidental Thesis: The company's stock came under significant pressure and has "paid the price" for its capital structure being "heavily weighted towards debt," Leggate said in the note.He added, however, that Occidental Petroleum will benefit due to its oil leverage now that there is upside to oil prices.The analyst noted the company had extended its debt maturities through 2023, enabling a transition in its investment case "from anxiety over its balance sheet to a focus on world class operations with the lowest capital intensity of the US oils and one of the highest free cash margins in the industry.""In recent months strong operating performance has been overshadowed by concerns over underlying portfolio declines and managements suggestion that its corporate break-even was still in the high $30s WTI. On closer examination we believe it is being conservative on both measures," Leggate wrote in a note.OXY Price Action: Shares of Occidental Petroleum had risen by 7% to $18.09 at the time of publication Wednesday.Latest Ratings for OXY DateFirmActionFromTo Dec 2020Wells FargoUpgradesUnderweightEqual-Weight Dec 2020Morgan StanleyMaintainsEqual-Weight Dec 2020MKM PartnersDowngradesBuyNeutral View More Analyst Ratings for OXY View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Why Royal Dutch Shell Has Compelling Upside Right Now * Teladoc Health A 'Large Player In A Fast-Growing Market': Evercore ISI(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Fidelity’s Largest Money Market Fund Waives $247 Million of Fees

    (Bloomberg) -- Fidelity Investments has waived nearly $250 million in fees and expenses for its largest money market fund, a sign of how low yields pressured the products in an unprecedented year.The Fidelity Government Money Market Fund reported the figure for the six months ended Oct. 31 in a filing last week. Without the waivers, investors in the $212 billion fund would have faced negative yields on their holdings.Retail money market funds struggled this year as the U.S. Federal Reserve tamped down interest rates in response to the Covid-19 pandemic crisis. That made it difficult to generate enough interest income to cover expenses and still pay shareholders, leading to the fee waivers. As a result, managers face earning less revenue to oversee more assets.“The question is not “Are you waiving fees,” but “how much are you waiving fees and how badly are you hurt,” said Peter Crane, the head of Crane Data, a money market research firm. “Clearly, if the number is in the hundreds of millions, the answer is ‘ouch’.”Fidelity spokesman Charlie Keller said the waivers reflect reductions across many of the fund’s expenses, not just management fees. He added that Fidelity is currently waiving fees on most of its money market funds to maintain positive yields.“We have experience managing our money market funds in near-zero interest rate environments and are well prepared to manage them for extended periods of extremely low interest rates,” Keller said in an email.The financial fallout from the pandemic has led to surging assets for Fidelity Government and other retail money market funds, which primarily invest in super-safe Treasuries and agency debt and seek to maintain a stable net asset value of $1 a share.Fidelity Government’s net assets totaled $209 billion at the end of October, up from $143 billion a year earlier. But the fund’s interest income on its holdings plummeted to $208 million from $1.5 billion during the same period last year. After the $247 million of waivers, the fund’s fees and expenses totaled $198 million, according to the filing, compared with $303 million in the first six months of the prior fiscal year.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.