Wednesday, January 27, 2021

AstraZeneca (AZN), Walmart (WMT), Target (TGT), Alibaba (BABA) Stocks Rose, Boeing (BA0, Home Depot (HD) Stocks Fell

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On Monday, shares of AstraZeneca PLC (AZN) surged +1.77% to $49.38. In the coming days, the UK regulator, MHRA, is expected to vote on the UK laboratory’s proposal for the Covid vaccine, developed along with Oxford University. However, on Sunday, the UK Department of Health postponed the need for regulators to review evidence on vaccines. On 4 January, the ‘Sunday Telegraph’ announced the first injections.

AstraZeneca Chief Executive Pascal Soriot said in an interview with the Sunday Times that, after further study, he had discovered “the winning formula.” We believe we have discovered the winning formula and how to achieve effectiveness that is high like that of others at two doses. He said that we would assure that the vaccine offered 100% protection against extreme Covid-19 types.

Shares of Walmart Inc. (WMT) rose by +1.2% to $145.22 and Target Corporation (TGT) jumped up +0.68% to $176.39 after the Wall Street Journal reported a 2.4 percent rise in spending during the holiday season. A Mastercard study forecasts that retail sales in the United States will rise by 3% over the period from 11 October to 24 December, with strong e-commerce expansion.

Alibaba Group Holding Limited (BABA) remained stable (+0.16%) to $222.36 in Monday trading. Payment giant Ant Group, an affiliate of Alibaba, has been requested by the People’s Bank of China to revamp its credit sector to align with many regulatory requirements. The company has strengthened its equity repurchase scheme to $10 billion at the same time.

Home improvement retailer The Home Depot, Inc. (HD) fell -0.62% to $269.25. The purchase of HD Supply Holdings for a gross market valuation, including net capital, of around $8 billion, was completed by Home Depot. The merger agreement was announced by the retailer on November 16, 2020.

Stock of The Boeing Company (BA) slipped by -0.49% to end the first day of the week at $216.09. According to the airline, an Air Canada B737-MAX en route to Montreal from Arizona with three crew members on board was forced to divert because of a reactor problem.

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