Find The Best Stocks With Perfect Trade Setups In Minutes A Day

Stop wasting time looking for the right stocks.  Free training on how to find perfect stock trades that can move 300-1,500%.  Learn the # 1 key to successful stock investing and how to find success even If the market is crashing, rebounding… or just going sideways. (ad)

Do Not Delay - Click Here Now

 

Gap Shares Surge After Announcing A New Line With Kanye West

Plus, new coronavirus cases hit a record again, Amazon is acquiring self-driving start-up Yoox, Microsoft is permanently closing its retail locations, and Virgin Galactic successfully completed an important test.

Stocks were lower to start Friday with the Dow falling 464 points, or 1.8%. The S&P 500 slid 1.5%, while the Nasdaq traded 1.7% lower.


Hey, do you want to be the next stock market millionaire? This free training lays it all out for you! Check it out here.


New coronavirus cases in the U.S. hit a new record again yesterday, with nearly 40,000 confirmed new cases. As cases spike there, Texas Governor Greg Abbott announced this morning that he will roll back some of the state’s reopening measures just a day after saying the state would pause its reopening effort. “As I said from the start, if the positivity rate rose about 10%, the State of Texas would take further action to mitigate the spread of COVID-19,” Abbott said in a press release. “At this time, it is clear that the rise in cases is largely driven by certain types of activities, including Texans congregating in bars.” The roll-back in Texas reflects a growing caution nationwide as the virus races across the U.S., extending its tentacles into places largely spared at the beginning of the outbreak. “We reopened too early,” said Peter Hotez, dean of the National School of Tropical Medicine at Baylor College of Medicine in Houston. “Masks alone are not going to be adequate.”

Gap shares jumped 42% this morning after rapper and designer Kanye Week tweeted a photo that touted his collaboration with the retailer. Gap said West is developing a clothing line for men, women, and kids called Yeezy Gap to be sold in-store and online. The retailer added that the items from West’s Yeezy fashion brand will be made up of “modern, elevated basics” and will be sold at “accessible price points.” The line is expected to debut in 2021, and while Gap didn’t disclose terms of the deal, Yeezy will reportedly receive royalties and possibly equity depending on the new line’s sales. “We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership,” said Mark Breitbard, Gap’s global head of brand.

Amazon announced today that it is acquiring self-driving start-up Yoox. Amazon said Yoox will continue to operate as a standalone business within the e-commerce giant, and that the deal will help bring Yoox’s “vision of autonomous ride-hailing to reality.” Some have speculated that Zoox could provide Amazon with the technology for autonomous delivery vehicles, helping Amazon to slash shipping costs, one of its largest expenses. “Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience,” said Jeff Wilke, Amazon CEO of global consumer. “Like Amazon, Zoox is passionate about innovation and about its customers, and we’re excited to help the talented Zoox team to bring their vision to reality in the years ahead.”

Microsoft said this morning that it will permanently close its Microsoft Store retail locations, and refocus on its online store. The move will result in a pretax charge of around $450 million, or $0.05 per share, in the current quarter, the company said in a statement. “Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location,” said Microsoft Corporate Vice President David Porter in a blog post. “We are grateful to our Microsoft Store customers and we look forward to continuing to serve them online and with our retail sales team at Microsoft corporate locations.” The company added, “Microsoft will continue to invest in its digital storefronts on Microsoft.com, and stores in Xbox and Windows, reading more than 1.2 billion people every month in 190 markets. The company will also reimagine spaces that serve all customers, including operating Microsoft Experience Centers in London, NYC, Sydney, and Redmond campus locations.”

Virgin Galactic shares gained nearly 5% at the open today following the company successfully completing its second glide flight test in New Mexico on Thursday, a milestone that should set the company up to soon begin spaceflights. “I am thrilled with the team’s hard work to complete today’s test flight successfully,” said Virgin Galactic CEO George Whitesides in a statement. “It was an important test that, pending data review, means we can now start preparing the vehicles for powered flight.” The company also completed a “wet dress rehearsal” of its systems and facilities last weekend, including fueling up the spacecraft Unity on the runway. Virgin Galactic has said that it expects to begin commercial operations this summer and aims to be profitable by 2021.

Stocks We’re Watching

Aptevo Therapeutics Inc (NASDAQ: APVO): Aptevo shares jumped as much as 104% yesterday after the biotech announced that it will receive a royalty from Pfizer related to sales of a rituximab biosimilar product, RUXIENCE (Rituximab-pvvr), which was approved by the FDA in July 2019 and launched by Pfizer in the U.S. and Japan in early 2020. “We are pleased to be receiving this first royalty payment from Pfizer and look forward to future quarterly payments, all of which will contribute non-dilutive funding to support our organization,” said Marvin L. White, Aptevo President and CEO. “This funding will help to support the advancement of our novel ADAPTIR™ bispecific antibody platform and more specifically, our lead ADAPTIR bispecific candidate, APVO436, which is progressing in a Phase 1/1b clinical study for the treatment of acute myeloid leukemia. Dosing in cohort 6 of the study is currently underway. We look forward to providing an update on this clinical program as additional data are available.”

By the way, if you liked this article, you'll LOVE this Meaty free training I just published on the top 3 questions and challenges every investor faces AND how to overcome them. It's titled "10k into $2.4 Million in 18 months" and you can grab it for free here

There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Companys software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.

FREE TRADING WEBINAR - TRADERSPRO PRESENTS: Starting With Only $10,000 Retire With $2.4 Million? Click Here Now

Join Us Now
X