Sales & Marketing news

• Sorrento Therapeutics skyrockets 244% after claiming a breakthrough on a COVID-19 antibody (SRNE)

  17-05-2020 13:53 via feedproxy.google.com
  Shares of Sorrento Therapeutics spiked as much as 244% on Friday after the company said an antibody it was developing showed "100% inhibition" of the COVID-19 virus in preclinical studies.
  The small biotechnology company said it aimed to create "an antibody cocktail that would act as a 'protective shield'" against the coronavirus.
  Sorrento said the full results of from its experiments would be "submitted to a peer-reviewed publication shortly."
  Visit Business Insider's homepage for more stories.
  
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• Warren Buffett has weathered multiple market crashes. Here are his 8 best quotes about investing in tough times.

  17-05-2020 13:42 via feedproxy.google.com
  Warren Buffett has weathered several market crashes including Black Monday in 1987, the dot-com bubble bursting in 2000, and the 2008 financial crisis.
  The famed investor and Berkshire Hathaway CEO advises investors to be bold when others are scared, warns against waiting too long to buy, and recommends they never bet against America.
  Here are his 8 best quotes about investing in times of crisis.
  Visit Business Insider's homepage for more stories.Warren Buffett has navigated multiple market
  
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• 'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over — and warns 'a lot more pain' is still to come

  17-05-2020 13:39 via feedproxy.google.com
  
  David Tice — the chief investment officer at the $150 million Ranger Active Bear Fund, which makes money by shorting stocks — believes we're currently in the midst of a full-fledged economic depression.
  To support his melancholy views, Tice relays several reasons, including: depressed consumers, no viable cure for the coronavirus, and a job market in disarray.
  Tice also harbors a bearish stock outlook. He was expecting the latest market rally because of what technical indicators were
  
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• 4 Wall Street experts weigh in on what makes the stock market's rally so fragile

  17-05-2020 13:36 via feedproxy.google.com
  The stock market's rally from March lows overcame dismal economic reports, corporate profit warnings, and economist caution.
  As stock market investors pocket sizable gains, experts warn the uptrend is fragile and facing significant threats.
  "Gravity is taking over" as markets begin to assess reopening risks and a second wave of virus cases, said Marc Odo, client portfolio manager at Swan Global Investments.
  Recession aftershocks could arrive later in the year as businesses fail to stage healthy
  
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• GOLDMAN SACHS: Buy these 14 stocks poised to surge in an economic recovery because of their limited exposure to consumers

  17-05-2020 13:35 via feedproxy.google.com
  
  Wall Street experts are poring over data from China to understand what an eventual post-coronavirus rebound in the US economy could look like.
  Arjun Menon of Goldman Sachs says cyclical stocks usually do best when the economy is recovering, but says companies that sell goods have more potential than those that sell services. 
  He adds that companies that sell to businesses have an advantage, as consumers may be reluctant to start spending money again.
  Menon and his team lay out 14 companies
  
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• A Wall Street equity chief lays out 5 reasons why another 'significant drawdown' in stocks is coming right after the fastest crash in history

  17-05-2020 12:05 via feedproxy.google.com
  
  The stock market's road to eventual recovery will stay choppy for the next few months, says Lori Calvasina, the head of US equity strategy at RBC Capital Markets. 
  She expects another "significant drawdown" due to risks stemming from pandemic headlines, earnings, investor positioning, valuation, and the elections later this year. 
  Click here for more BI Prime stories. For the last few weeks, stock-market investors have focused on the US government's massive efforts to support the
  
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• There are fears the US faces a coronavirus-driven meat shortage, but analysts say there's actually plenty to go around: 'We have the meat'

  17-05-2020 11:41 via feedproxy.google.com
  Fears have grown in recent weeks that the US will face a meat shortage in the coming months as coronavirus batters the ability of meat processors to meet demand.
  Agricultural analysts told Markets Insider, however, that the US is not facing a meat shortage but just a shortage in workers due to COVID-19 restrictions. 
  "We have the meat," one analyst told Markets Insider.
  Visit Business Insider's homepage for more stories.Fears have grown in recent weeks that the US will face a meat shortage
  
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