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Day: June 27, 2024
Currently, Amazon is the top stock in the Dow after crossing $2T in market cap. This comes four months after it joined the Dow and replaced Wallgreens, which posted its worst day ever.
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Vaneck files for SOL TRUST
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Nike slipped after missing revenue estimates in its fourth quarter results. Barclays analyst Adrienne Yih called it a “disappointing” report and lays out what investors should look out for in the company’s earnings call.
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“Children of Ozempic.” Women Taking Ozempic Report Unexpected Pregnancies
The weight loss drug may lead to unintended pregnancies, but it can also increase fertility and help with infertility treatment, reports the journal Nature https://www.nature.com/articles/d41586-024-02045-w The weight loss and type 2 diabetes drugs Ozempic and Wegovy have received approval from nearly all regulators worldwide and have passed all phases of clinical trials. The active ingredient, semaglutide (Ozempic and Wegovy are brand names of the Danish company Novo Nordisk), has been tested and used for over ten years. However, as the widespread use of these drugs began, with them being considered literal “saviors of humanity from obesity,” reports of side effects started to emerge. Women on social media began writing about unintended pregnancies while taking Ozempic and Wegovy. Some women became pregnant while on birth control pills, which did not work properly. There were also reports from women previously diagnosed with infertility who were able to conceive after a course of weight loss medications. On one hand, this is an unpleasant side effect that disrupts people’s plans, but on the other hand, it is hopeful news for many couples as it gives them a chance to have a child. While the scientific community awaits additional data on the impact of these drugs on fertility with bated breath, the stock market seems to be responding already. MT5 Pepperstone submitted by /u/FXgram_ [link] [comments]
Levi Strauss dips -17% and Walgreens tumbles -22% after their earnings releases. OMG! Will they keep dropping?
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Platinum tumbles -2.1% to slide down from its recent climb.
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Pepperstone: Market Update: Gold’s sensitivity to US bond market signals a potential shift in trading dynamics. Traders are eyeing critical support levels amid ongoing market uncertainties.
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MrMBrown: On ‘yen-tervention’…worth noting that the 4 most recent intervention rounds have been seen after a move of over, or close to, 10 yen to the upside from the 30-day low in USD/JPY…we’re quite clearly some way off that right now…
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H&M drops -12% after their latest earnings report failed to meet traders’ expectations
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Xiaomi stock drops -8%. Is a rebound around the corner?
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