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US retail investors shorted Wall Street hedge funds, US stock futures fell on Friday (27), Dow Jones futures fell 0.48%, S&P 500 futures fell 0.60%, Starck 100 futures fell 0.87%.
1. Robinhood opens a limited trade
Individual stocks such as GameStop (GME-US), which are popular with retail investors, have recently become a major driving force in the US stock market, even forcing funds to sell positions to cover short positions. , reflecting the changes brought about by more and more people participating in the stock market during the epidemic.
As trading platforms such as Robinhood, Interactive Brokers and other trading platforms set limits on a rising number of shares, audiovisual game maker GameStop lowered several intraday limits on Thursday. BB-US) fell 41%, and Bed Bath & Beyond (BBBY-US) fell 36%.
However, Robinhood previously announced that it prohibits users from buying certain shares recently sought after by retail investors and increases the margin ratio to buy these shares. Later, the company explained that although the decision was somewhat harsh, they all aimed to control risks. “We will open certain securities transactions responsibly. We will continue to monitor the situation and adjust our practices when necessary.”
These stocks rallied after the Robinhood announcement, with GameStop up 50%, AMC up 43%, BlackBerry up 15% and BBBY up 11%.
2. The efficacy of the US Novavax vaccine is almost 90%
The American pharmaceutical company Novavax (NVAX-US) announced on Thursday (28) that the results of the clinical trial of its new vaccine against corona pneumonia showed a protective effect of 89.3%.
Novavax said results from phase 3 clinical trials conducted in the UK estimated the effectiveness of its vaccine to be 89.3%. Gregory Glenn, the company’s director of drug research, said in a statement: “Our main advantage is that we can rapidly create and mass produce a combined vaccine against multiple circulating strains of new coronary pneumonia using only a very small amount of antigen.” .
Furthermore, the phase 2 clinical trial conducted in South Africa showed that the Novavax vaccine is less than 50% effective against the South African variant virus, with almost 60% of subjects being only 49.4% effective. Novavax said it will begin developing a new vaccine against the South African variant of the virus.
3. General Motors announced a complete switch to electric vehicle production in 2035
After the President of the United States, Biden, signed a series of executive orders in response to climate change on the 27th, General Motors (GM-US) plans to suspend the production of fuel vehicles in 2035 and go completely to the production of electric vehicles.
General Motors (GM-US) plans to stop producing all diesel and gasoline cars, trucks and SUVs by 2035 and switch all its new vehicles to provide electric vehicles. This is a broader plan to achieve carbon neutrality by 2040 as part of,
GM CEO Mary Bara said in a statement that GM is working with governments and businesses around the world to build a safer, greener and better world. The company has cooperated with the environmental protection organization EDF to establish a shared vision for the future of fully electric vehicles and the desire to stop the production of fuel vehicles by 2035.
4. Skylink’s financial report far exceeds expectations
Skyworks, a major manufacturer of wireless communications integrated circuits, announced its financial results for the first quarter of fiscal 2021 after the US stock exchange on Thursday (28). The results were significantly better than Wall Street expectations and several companies went bankrupt in a single quarter. records. Skylink also claimed that with the official arrival of the 5G era, there is great potential for future growth.
Revenues in the first quarter of fiscal 2021 were $ 1.51 billion, an annual increase of 69%, better than the $ 1.06 billion expected by FactSet survey analysts. EPS was US $ 3.36, a 100% annual increase, better than the US $ 2.09 expected by analysts in the FactSet survey.
Griffin said: “With our technical services in many areas, SkySports achieved impressive results in the fourth quarter. We will continue to install clients for 5G, Internet of Things, wireless communication infrastructure, autonomous transport and machine-to-machine (M2M). Strong demand for provision of services “.
Griffin said this quarter’s revenue, EPS, net profit and gross profit margin, and other data are higher than previous financial estimates, all breaking single-quarter all-time records.
5. Tesla will return to the solar battlefield
Tesla (TSLA-US) CEO Elon Musk said on Wednesday (27) that he believes that after the electric vehicle business is on the right track, Tesla will soon become a market leader solar.
Musk told the earnings conference Wednesday that in recent years, the company, including a team dedicated to solar technology, has committed to producing the Tesla Model 3.
Musk said: “Now that we are gradually on track, we will focus on the fast growing solar market in the future. I believe that Tesla will soon become a leader in the solar industry.”
However, Tesla will face fierce competition. Today, Sunrun, a leader in the solar installation industry, has indicated that it will acquire Vivint Solar, the second largest installer, and control at least 15% of the market. In the future. Additionally, Eos Energy Enterprises competes with Tesla for the solar energy storage business.
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