Moderna Delivers Surprise Profit with COVID Vaccine Boost Amid Cost Cuts

Image source: Wikimedia Commons

Moderna Delivers Surprise Profit with COVID Vaccine Boost Amid Cost Cuts. 💉 Moderna posted an unexpected profit of $13 million in Q3, driven by robust COVID-19 vaccine sales and strategic cost reductions. Despite lagging RSV vaccine sales, the company reaffirmed its annual revenue outlook and plans to fast-track future vaccine approvals. Reuters reports.

🔋Trumpha: Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company. Yahoo Finance reports.

⚡ TrumpediaBuzz: Trump Media soars after Trump wins Presidential Election. Yahoo Finance reports.

📉 SuperSlide: Super Micro slumps as weak forecast, annual report uncertainty fuel investor angst. Reuters reports.

📈 TrimbleUp: Trimble shares rise 17% after 3Q earnings beat, raised FY adjusted profit outlook. MarketWatch reports.

💊 WeightWoes: Novo Nordisk posts mixed results, adding to jitters about weight-loss drugs. Barron’s reports.

💳 FeeVeredict: EU regulators investigate if Visa, Mastercard fees harm retailers, document shows. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $MDJH: MDJM
Total gain: 89.62%

2. $NTRSO: Northern Trust
Total gain: 59.99%

3. $WBUY: Webuy Global
Total gain: 57.05%

4. $TRNR: Interactive Strength
Total gain: 49.28%

5. $ATCH: AtlasClear Holdings
Total gain: 45.63%

Big Tech’s earnings season can’t escape the AI trade

Big Tech’s latest earnings season has come to a close just as quickly as it started. Alphabet, Amazon, AMD, Apple, Intel, Meta, and Microsoft all reported their latest financials within the same week. The remaining holdout, Nvidia, will give us the lowdown on its own performance later this month.

They all, with the exception of Intel, either met or exceeded Wall Street’s expectations on the top and bottom lines. But investor response to the announcements was far from uniform. And you can, mostly, thank AI for that. The technology powered revenue growth for some firms while spooking investors over fears of an AI slowdown at others.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on November 6.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $FNMAS: Federal National Mortgage
Total gain: +68.98%
The stock appeared to be moving on no notable news.

2. $CONL: GraniteShares 2x Long COIN Daily ETF
Total gain: +60.80%
The stock appeared to be moving on no notable news.

3. $GEO: GEO Group
Total gain: +42.10%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

PBR: Petrobras Brasileiro
3Q 2024
After Market Close
Estimate: 0.790
Actual: N/A

ABNB: Airbnb
3Q 2024
After Market Close
Estimate: 2.140
Actual: N/A

PINS: Pinterest
3Q 2024
After Market Close
Estimate: 0.340
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 2
8:45 am - U.S. productivity (prelim) - Q3
10:00 am - Wholesale inventories - September

“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences.”

― Peter LynchSourced in:
“One Up On Wall Street: How to Use What You Already Know to Make Money in
the Market”, by Peter Lynch, published in 1989