1 October Watchlist 👀

 

Today we are watching…

1.  Bristol-Myers Squibb (#bmyers)

 BMS has found a new cure for cancer. Investors are celebrating the findings of a recent study that shows two Bristol-Myers drugs working together to edge out chemo in lung cancer survival rates. Biotech firms and drug companies at the forefront of immunotherapy are all scrambling for market share as the treatment delivers more and more promising results, this being the latest. Merck currently leads the pack, but the FDA approval pipeline for new drugs remains strict. For investors, that means stock picks can plummet or soar overnight. An application to the FDA runs 100,000 pages long, and drugs are formulated and developed ten years before facing federal judges. Wowza!

2. Boeing (#boeing)

 Two of Boeing’s new 737 Max planes hit the ground with impact earlier this year, leading to the indefinite grounding of the rest of them. Airbus capitalized, but now the American king of commercial aerospace wants to reclaim its thrown. In preparation for the CEO testifying before lawmakers on October 30th, Boeing’s board of directors has drawn up a series of new safety measures intended to rebuild trust. The first is a shake-up of safety culture at the manufacturer, and the second is a software update. Investors fear the financial damage of groundings that could stretch into next year. The stakes are high as the company tries everything in its power to put this unfortunate episode behind it and get clearance for takeoff once again.  

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.