Stocks making the biggest moves midday: Moderna, Delta, Bank of America, Best Buy, Disney & more

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Moderna shares spike on 'positive data' from its coronavirus vaccine trial. Netflix shares slip as investors rotate out of 'stay-at-home' stocks.

— The discount retailer jumped more than 4% after Goldman Sachs initiated coverage on the stock with a buy rating. "We like DLTR's positioning in a tougher economic setup, and believe top-line initiatives should fuel SSS [same-store sales] lift and enhance unit growth," the firm's analysts said.

Goldman has a 12-month target of $89 on the stock, which is about 13% above where it currently trades.— An analyst at Telsey upgraded Best Buy to outperform from market perform, sending the stock up nearly 10%. The analyst expects Best Buy to benefit from: the work-from-home trend, which will likely be here for a while, and the shift in spending toward home-related items, including electronics," among other trends.

 

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Of course, the vaccine won’t be available before years but who cares.

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Stocks rebound as positive Moderna vaccine trial boosts optimism for economic recoveryStocks bounced back Monday on optimism the U.S. economy may start to recover from the coronavirus pandemic after drugmaker Moderna released promising early results for a vaccine. result ?didnt stop the virus ! but didnt kill any rats in the last test
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European stocks rally as data shows slowing virus growth and Fed chief expresses optimism in capabilityEuropean stocks jumped at the open, as data showed new coronavirus cases growing at the slowest rate in months while the head of the Federal Reserve said the U.S. central bank had plenty of ammunition to fight the economic crisis.
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