Starbucks hits an all time high, and AstraZeneca has more than the Covid vaccine to look forward to.
Starbucks (NASDAQ: SBUX) shares soared to an all-time high of $105.39 after the company revealed it planned to increase its store locations by more than 66% globally. The coffee maker on Thursday said it will expand from 33,000 stores to 55,000 stores across 100 markets by 2030. Click here to read more.
Coronavirus vaccine maker, AstraZeneca (NASDAQ: AZN), plans to buy rare diseases specialist, Alexion (NASDAQ: ALXN), for $39 billion. The acquisition will add treatments for uncommon blood and immunological disorders to its portfolio. This is a strategic move because high-end medicines for rare diseases generate billions in sales. Click here to read more.
Market Strategist, Phil Orlando, hinted that the market could hit another all time high before the end of the month. Citing that the S&P 500 is currently up 12% since November, he is optimistic that the market will overcome the current Coronavirus spike, and hit the 3800 benchmark. Click here to read more.
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