Breakfast News: Week in Review
Moderna jumped 177% on a cancer-vaccine first, plus retail's reversal...
Overview
Investing demands patience, and every so often, there's a week that makes the case for sitting still and doing nothing. On Wednesday, a stock that had disappointed since its COVID pandemic boom days came roaring back on the news of its medical breakthrough, finally rewarding investors. Elsewhere, three businesses we've recommended kept growing their leads by advancing the strategies we believed in. And earnings season marches on, with Nvidia (NASDAQ: NVDA) taking its turn in the spotlight next week.
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Moderna's (NASDAQ: MRNA) COVID vaccine made a fortune, then orders dried up and the shares drifted for years. Then, on Wednesday, the stock jumped 177% on news of a clinical trial breakthrough. It gave back some gains on Thursday and closed at $133, still double where the week began, though far below its pandemic-era peak.
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Originally published at www.fool.com.