Wednesday, January 27, 2021

Tesla (TSLA) Continued Beating Pricce Targets, Facebook (FB), AmerisourceBergen (ABC), Walgreens (WBA) Stocks Gained While Moderna (MRNA), Conagra (CAG) Lost

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Tesla, Inc. (TSLA) increased to $816.04, up +7.94 percent. Morgan Stanley, which lifted its price target to $810 on Wall Street, boosted Tesla on the day, gaining from RBC’s favor on Thursday. The broker has thus lifted its rating from ‘Underperform’ to ‘Sector Perform’ on the flagship benefit of the electric vehicle. According to the Bloomberg list of billionaires, Elon Musk today became the world’s richest man ahead of Jeff Bezos in this stock market rally.

Twitter, Inc. (TWTR) was down to $52.33, dropping -1.75 percent. Facebook, Inc. (FB) increased to $268.74, up +2.06 percent. On Thursday, after the Capitol Hill incidents, Twitter and Facebook briefly removed Donald Trump’s account as part of steps aimed at cracking down on repeated allegations regarding the U.S. presidential election in November.

AmerisourceBergen Company (ABC) increased by +3.73% to $110.13 while Walgreens Boots Alliance Inc. (WBA) rose by +5.18% to $45.26. AmerisourceBergen to purchase Alliance Healthcare from Walgreens Boots Alliance for $6.5 billion or $6.275 billion in cash and 2 million shares in AmerisourceBergen.

Moderna, Inc. (MRNA) was down to $115.09, down -1.01 percent. The company’s CEO predicts that his new coronavirus vaccine can cover anyone vaccinated for up to two years. Following the FDA’s approval earlier, the vaccine received the European green light. It should also be remembered that, according to distributor Takeda Pharmaceutical, Japanese authorities should not allow the vaccine until May because of local specifications.

Conagra Brands, Inc. (CAG) fell -5.46% to $33.78. For the current year, with demand for snacks, the U.S. food company issued better-than-expected profit guidance. In the fiscal third quarter, quarterly adjusted earnings were forecast to be between 56 and 60 cents, compared to a median of 57 cents. Organic growth was more than 8 percent for the three months ended November. In the following quarter, it’s projected to be between 6 and 8 percent.

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