Moderna (NASDAQ:MRNA) just had a second recall of its Covid-19 vaccine due to contamination. Reuters reported that Moderna recalled 764,900 doses of its Covid-19 vaccine made by its contract manufacturer Rovi, based in Spain. That could hurt MRNA stock going forward, despite some other recent good news. The problem is this is the second time within a year that this contamination has occurred. This time a vial was found contaminated by a foreign body. It did not disclose what was in the vial. Even though this was one vial, Moderna distributed the lots for this vial in January throughout Norway, Poland, Portugal, Spain, and Sweden. The company previously recalled doses previously distributed in Japan after authorities stopped the use of some of the does. It had to recall three batches of Cov

Palantir(NYSE:PLTR) is rising after Bank of America initiated coverage of the data analytics company with a "buy" recommendation. PLTR stock has fallen more than 50% year-to-date to trade near $8.80 per share. The Denver, Colorado-based company has struggled to meet Wall Street expectations for its earnings. Shares ofPalantir(NYSE:PLTR) are up 4% today afterBank of America(NYSE:BAC) upgraded PLTR stock to a“buy” recommendation.Bank of America said the Denver, Colorado-based data analytics company should benefit from growing demand for artificial intelligence platforms. The firm also noted PLTR stock offers an attractive entry price for investors at its current level of $8.84 per share.Bank of America placed a $13 price target on Palantir stock, representing nearly 58% upside from its closi

SoFi Technologies (NASDAQ:SOFI) is a digital financial services company, meaning that almost all of its services are offered and performed over the internet. This is a highly disruptive and promising business — and highly competitive, although it is still in its early developmental stages. SOFI stock was selling in the mid-$20’s in February 2021; the stock recently has been struggling to stay above $6 a share. Will the stock reverse course and take off on the upside? There are no guarantees, but I think there’s enough of a chance that long-term, risk-tolerant investors might consider this a good entry point. SoFi Helps People Achieve Goals SoFi Technologies operations include broad-based financial services, lending activities, and its technology platform. The company, among other activitie

Bank of America(BAC) stock is a viable value play as its business verticals are starting to align once more. Quantitative metrics indicate that BAC stock is oversold. Relative valuation metrics convey a value gap. Bank of America(NYSE:BAC) stock could be on the cusp of surging. The bank passed its stress test earlier this month and subsequently raised its dividend to22 cents per share. I know many investors might fear a recession. However, there’s always uncertainty around. I’d rather buy banking stocks below book value instead of investing in high-beta tech names. Furthermore, investors are in dividend-seeking mode as the fight against inflation continues, which suits Bank of America as it possesses a lucrative, sustainable, and high-yielding dividend profile. Additionally, BAC stock is o

Along with the broad market correction, auto stocks have declined in 2022. The S&P 500 Automobile Manufacturers Sub Industry Index hascorrected by more than 20% during this period. This correction presents a good opportunity to accumulate some undervalued auto stocks.The industry faces near-term headwinds that include inflation and a possible recession. Supply chain challenges have also impacted the auto industry. However, the long-term outlook remains robust. This is particularly true as the electric vehicle segment continues to grow at a healthy pace.It’s worth noting that the global automotive market is expected togrow at a CAGR of 3.7% through 2030. For the same period, the electric vehicle market is expected togrow at a CAGR of 21.7%. It’s not surprising that traditional automaker

Tonix Pharmaceuticals(NASDAQ:TNXP) stock is soaring after the company announced that it had received a patent for the main component of its “monkeypox and smallpox” vaccine. As monkeypox slowly spreads around the world, investors have bid up the stocks of companies that have or are developing vaccines which can be used to prevent the virus.Earlier today, Tonixannounced that it hadobtained a patent “covering synthetic horsepox virus.” According to the company, the latter virus “is the basis for the Company’s TNX-801 vaccine in development to protect against monkeypox and smallpox.”The patent, issued by the United States Patent and Trademark Office (USPTO), is expected to remain valid “until 2037,” Tonix stated.Tonix’s Recombinant Pox Virus (RPV) platform is also covered by the same patent.

Coinbase(COIN) stock is down about 5% in early afternoon trading. Atlantic Equities downgraded COIN stock to “neutral” from “overweight.” Exposure to virtual currencies subjects companies to risk, especially when crypto prices come down. Once arguably the hottest sector, cryptocurrencies are now struggling, posing serious problems for popular exchange and wallet serviceCoinbase(NASDAQ:COIN). Most recently, Atlantic Equities analyst Simon ClinchdowngradedCOIN stock to “neutral” from “overweight” with a $54 price target. Previously, the target was $95. In response, COIN is down nearly 5% in early afternoon trading.Primarily, Clinch explained the downgrade in a research note as reflecting “incremental concerns over the company’s ability to attract talent longer-term, as well as competitive co

Semiconductor stocks are not to be ignored. We’re not talking about a handful of stocks that make commoditized products and are low-margin producers. Due to evolutions in technology –technologythat almost every industry now leans on – semiconductors are in a near-constant state of demand.We go through ebbs and flows when it comes to shortages in the semiconductor space. However, I believe this industry acts as a bellwether for the economy. When we hit true contraction points in the economy, it’s felt in the semiconductor space. In that way, we can use theVanEck Semiconductor ETF(NASDAQ:SMH) as a sort of guide on the market.As cyclical as the semiconductor space is, there are also many trends that are secular in nature. This is not a collection of automakers, a business that does well durin

Starbucks is in full focus today following an insider purchase from interim CEO Howard Schultz, who replaced Kevin Johnson on April 4. Year-to-date (YTD), SBUX stock has declined by over 35%, driven largely by decreased foreign demand due to Covid-19. During the company’s second-quarter earnings call, Starbucks China Chair Belinda Wong had the following to say: “We expect an even greater impact on our [third-quarter] results due to the timing of the Shanghai lockdown and the further resurgence of the virus in other cities, including Beijing.” The Shanghai lockdown hasn’t scared Schultz away from buying shares of SBUX, however. Let’s get into the details. Interim CEO Howard Schultz Buys SBUX Stock On May 10, Schultz purchased 137,500 shares at average prices ranging between $72.60 and $73.1