This week's best-performing stocks include a pharma name up more than 20%

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

This week's best-performing stocks include a pharma stock up more than 20%

Wall Street is wrapping up a volatile week, but some stocks still did well despite several macro crosscurrents. The S & P 500 is down 1.4% week to date, on pace for its biggest weekly decline since December. The Dow Jones Industrial Average and Nasdaq Composite were also lower for the week. Those losses come as investors became more nervous about the Federal Reserve's monetary policy outlook.

More than 54% of analysts covering the stock have given it a buy rating. However, they believe the stock will fall around 6% from current levels. Pharmaceutical company Catalent was this week's top outperformer, with shares surging 28.5%. The stock soared following after Bloomberg reported that life sciences company Danaher is interested in acquiring the company. Year to date, the stock is up more than 55%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They’re up because they spread lies about their vaccines.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer says he’s intrigued by these 10 top performing S&P 500 stocksJim Cramer said that he's intrigued by winners this year like Tesla, Meta Platforms and Nvidia. I’m intrigued on how you still have a show on CNBC you charlatan, I bet he goes to the Super Bowl and says I left early cause I saw something coming but I didn’t want to tell you guys anything till the market tanked
Source: CNBC - 🏆 12. / 72 Read more »

JPMorgan to hire more than 500 small-business bankers over 2 yearsJPMorgan Chase & Co , the largest U.S. lender, plans to hire more than 500 bankers catering to small businesses through 2024, the company said on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »

Chase to hire more than 500 small business bankers over 2 yearsJPMorgan Chase's consumer and commercial arm announced it plans to hire more than 500 small business bankers through 2024 to help customers navigate economic uncertainty. This makes me less concerned about the jobs that are being eliminated. A rotation into more relevant and sophisticated careers should be embraced.
Source: FoxBusiness - 🏆 458. / 53 Read more »