Shares of First Solar Inc. rose 1.0% in midday trading Monday, as a one-notch upgrade by analyst Pavel Molchanov at Raymond James has offset a two-notch downgrade by BofA Securities’ Julien Dumoulin-Smith. Molchanov said he upgraded the solar power systems company to outperform for the first time since 2010, citing the “best all-around investor sentiment

Shares of UnitedHealth Group Inc. tumbled 7.2% in midday trading Monday, putting it on track for the biggest one-day selloff since Aug. 8, 2011, as Senator Bernie Sanders surprisingly big Nevada caucus win may be switching the narrative on health insurers to one of a negative catalyst from a positive one. UnitedHealth’s stock, which is

Gold stocks were rallying, as fears over the global spread of COVID-19 helped attract buyers of the safe-haven metal. The VanEck Vectors Gold Miners ETF rose 2.0%, with 38 of 48 components trading higher, to trade at the highest prices seen since August 2016. Among the more-active U.S.-listed components, shares of Harmony Gold Mining Co.

Apple Inc. shares are down 3.9% in Monday trading as concerns about the novel coronavirus’s spread continues to weigh on global markets. The company announced last week that it wouldn’t be able to meet its previously issued March-quarter revenue forecast due to supply and demand disruptions in China. Evercore ISI analyst Amit Daryanani wrote over

Despite the big selloff in the broader stock market, as the Arms index tracking market internals are showing no signs of panic selling, and investors may even be buying on dips. The Arms index represents the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume. The Arms tends

French drugmaker Sanofi announced plans to split off its unit producing and marketing active pharmaceutical ingredients for a possible IPO in 2022. Sanofi plans to create the company from six of its production sites, in France, Germany, Italy, the U.K. and Hungary. Sanofi said the new company would rank as the world’s second largest API

Shares of Alphabet Inc. sank 3.5% in morning trade, enough to drag the internet giant’s market capitalization below the trillion-dollar mark for the first time since Feb. 5. The stock’s price decline of $51.34 shaved about $35.3 billion off Alphabet’s market cap, which fell to $984.3 billion. The selloff comes amid a sharp broader-market decline–the

The World Health Organization said Monday the coronavirus that broke out in Wuhan, China late last year is not a pandemic. Director General Dr Tedros Adhanom Ghebreyesus said the virus, named COVID-19, is not spreading in an uncontained way. “What we are seeing are epidemics in different parts of the world,” he told reporters on

Shares of Zoom Video Communications Inc. are up more than 6% in Monday trading amid concerns about the global spread of the novel coronavirus that originated in Wuhan, China late last year. Italy and South Korea are among the countries that have witnessed spikes in new cases over the past few days. Zoom Video makes

Shares of Apple Inc. fell 3.5% in morning trading Monday, amid a broad stock market selloff on the back of fears over the global spread of COVID-19. The selloff has pulled the stock below the widely followed 50-day moving average for the first time in nearly 6 months. The stock was trading at $302.25, while