Do you remember Moderna $MRNA ???
Moderna beats estimates but slashes guidance on low EU sales, competitive U.S. vaccine market. It is down -20% today and -79% from its covid all-time-high. Moderna: "Net product sales for Q2 24 were $184M, reflecting a 37% YoY decrease. This reduction aligns with the expected shift to a seasonal COVID-19 vaccine market.." Moderna had $241M in total sales in Q2 and $1.6B in total operating expenses. Adding interest income, they burned $1.27B in one quarter. Cash on balance sheet is down to $2.47B. I fully expect expect them to do large capital raise to dilute shareholders. Source: JaguarAnalytics, The Transcript
ISM PMI Employment came in at 43.4.
Only time lower: 1) the internet bubble popping. 2) the GFC. 3) Covid-19. Source: James E. Thorne, Bloomberg
As data compiled by the Olympedia website shows, The United States has won the most medals in the Summer Olympics since 1896.
U.S. athletes have won a total of 2,655 medals - 1,070 gold, 841 silver and 744 bronze. Source: Statista
Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.
In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours. This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks. Source: The Kobeissi Letter
#passion
Source: Compounding Quality
"The Largest stocks today have cheaper valuations compared to the Largest 7 in 2000"
@NDR_Research thru Mike Z.
Only 5% of firms currently use AI
Source: BofA
Delinquency rates on Office building loans hit 8.11%, the highest in more than a decade 🚨
Source: Barchart
