Vaccine makers came to be adding to their values on the day. Pfizer Inc (PFE) rose +3.18% to $42.56, BioNTech SE (BNTX) jumped +1.92 percent to $128.11 while AstraZeneca PLC (AZN) added +0.85 percent to $54.72 on Tuesday. While vaccinations begin in the UK with the vaccine from U.S. firm Pfizer and its German partner BioNTech, Bloomberg also reported that the country will test that vaccine combining it with that of AstraZeneca and Oxford University.
After an initial fall on the day, Tesla Inc (TSLA) concluded Tuesday session rising +1.27 percent to $649.88to end up higher. The company’s CEO Elon Musk has announced the start of a $5 billion capital increase, the second in three months. The timing, however, is, as always with Tesla, well felt, since the stock of the electric vehicle manufacturer had risen almost 670% since January 1 before entering the S&P 500.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
Carrier Global Corporation (CARR) surged +1.25 percent to $37.30 in the last trading session. The air conditioner designer announced the sale of the balance of its stake in Swedish Beijer to the private equity firm EQT for $1.1 billion.
General Electric Company (GE) rose by +0.92 percent to $10.96. The automaker has stated its goal of returning to positive cash flow in 2021. For the next three years the company has pre-financed $2.5 billion in pension contributions and repaid $1.5 billion in loans to GE Capital in deals finalized this week. GE expects to decrease its debt burden by a total of $14.5 billion in 2020. The group have decreased its debt by around 28 billion in two years’ time. The company is also considering industrial free cash flows of about $2.5 billion in the current quarter.
The sale of the BioPharma division of GE to Danaher, completed in March, decreased the gross debt by 13.3 billion.
The Goldman Sachs Group Inc. (GS) rose +0.16 percent to $238.84 in Tuesday trading. The American investment banking giant has signed an agreement to buy shares in its Chinese joint venture Goldman Sachs Gao Hua (GSGH) from its local partner, the bank reported in a message to workers. It is not clear about the financial terms of the contract.