PARIS (Reuters) – Main stocks to watch Thursday on Wall Street:
* JOHNSON & JOHNSON announced Wednesday that it is on track to deploy its single-dose vaccine in March, with the goal of delivering one billion doses within the year and hopes to have clear data on its effectiveness by the end of early February. Interim results from a study published by the New England Journal of Medicine show that 90% of participants developed an immune response 29 days after its administration and for at least 71 days. The stock was gaining around 1% in non-session trades after the close.
* TWITTER – Social network CEO Jack Dorsey said on Wednesday that banning US President Donald Trump’s account after the violence in Washington last week was the “right move” while acknowledging it was a dangerous precedent.
* SNAP announced on Wednesday that it had permanently shut down Donald Trump’s Snapchat account, after simply suspending it last week following the assault by supporters of the outgoing president on the Capitol in Washington.
* TESLA – The US National Highway Safety Authority (NHTSA) on Wednesday asked Tesla to recall 158,000 vehicles – Model S and Model X – for touchscreen defects that could cause safety risks by not displaying some information incorrectly.
* ALIBABA and BAIDU gain more than 2% on the pre-market after Reuters reports that the Trump administration has abandoned plans to add the two groups, as well as Tencent, to its blacklist of companies suspected of being in the Chinese army orders.
* NORDSTROM – The department store chain’s net sales fell 22% in the November-December period as consumers curtailed purchases of non-essential goods with the pandemic. In post-close trading, the stock was losing 3%.
* CHEVRON – HSBC has raised its recommendation to “buy” versus “hold”.
* CHIPOTLE MEXICAN GRILL – RBC has raised its recommendation to “outperformance” against “performance in line with the sector”.
* DUPONT – JP Morgan lowered its recommendation to “neutral” against “overweight”.
* PPG INDUSTRIES – Berenberg upgraded its recommendation to “buy” versus “keep”.
(Laetitia Volga, edited by Marc Angrand)
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