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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AstraZeneca PLC    AZN   GB0009895292

ASTRAZENECA PLC

(AZN)
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Wall St rises, Nasdaq hits record high on recovery hopes

11/27/2020 | 09:53am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* Trump says will leave if Biden wins Electoral College vote

* Volatility dips to levels last seen in February

* U.S. stock market to close early; trading to remain thin

* Indexes up: Dow 0.44%, S&P 0.35%, Nasdaq 0.66%

Nov 27 (Reuters) - Wall Street's main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

Sentiment was also lifted by President Donald Trump saying he will leave the White House if the Electoral College votes for President-elect Joe Biden, the closest he has come to conceding the Nov. 3 election, market participants said.

"While it was certainly the expectation of the vast majority of traders that there would be an easy transfer of power, at the end of the day it gives a little bit of confidence," said Rick Meckler, a partner at Cherry Lane Investments in New Jersey.

The three main U.S. stock indexes have gained more than 10% this month as investors were encouraged by signs that COVID-19 vaccines were on track to be rolled out in the weeks ahead, setting the S&P 500 for its best November ever.

Although European bourses were subdued by doubts around the effectiveness of AstraZeneca's vaccine, Meckler said it would not affect the U.S. stock market with traders betting on candidates being developed by Pfizer Inc and Moderna Inc .

By 9:40 a.m. ET, the Dow Jones Industrial Average was up 131.92 points, or 0.44%, at 30,004.39, the S&P 500 was up 12.86 points, or 0.35%, at 3,642.51, and the Nasdaq Composite was up 79.33 points, or 0.66%, at 12,173.74.

Nine of the 11 major S&P sectors were higher, with only the real estate and the utilities sectors, commonly considered defensive, trading lower.

A rotation into sectors deemed to benefit from an economic recovery, such as industrials and financials, has also powered the Dow to record highs and put it on track for its biggest monthly gain since 1987.

Market volatility, as measured by the CBOE volatility index , slipped to pre-pandemic levels. Trading volumes are expected to be light as the U.S. stock market closes early on Friday.

U.S.-listed shares of iQIYI Inc fell 2.8% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the video streaming service.

Next week, investors will get the latest economic snapshot, including the monthly employment report. Economists polled by Reuters expect the Dec. 4 jobs report to show unemployment dipped to 6.8% from 6.9%, but still well above the 4.5% rate in March, before much of the U.S. economy went into lockdown.

Advancing issues outnumbered decliners 1.58-to-1 on the NYSE and 2.06-to-1 on the Nasdaq.

The S&P index recorded 17 new 52-week highs and no new low, while the Nasdaq recorded 75 new highs and four new lows. (Reporting by Shivani Kumaresan and Shriya Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun Koyyur)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.20% 243.46 Delayed Quote.4.61%
ASTRAZENECA PLC 0.44% 7592 Delayed Quote.3.66%
DJ INDUSTRIAL -0.57% 30814.26 Delayed Quote.1.26%
IQIYI, INC. -0.45% 19.76 Delayed Quote.13.04%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.10%
NASDAQ 100 -0.73% 12803.932503 Delayed Quote.-0.65%
NASDAQ COMP. -0.87% 12998.502287 Delayed Quote.0.86%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
S&P 500 -0.72% 3768.25 Delayed Quote.0.32%
All news about ASTRAZENECA PLC
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01/15ASTRAZENECA : Deutsche Bank Initiates Coverage on AstraZeneca With Buy Rating
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01/15South Africa's mining industry to support COVID-19 vaccine rollout
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01/15ASTRAZENECA : Nepal clears AstraZeneca vaccine for emergency use
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Financials (USD)
Sales 2020 26 400 M - -
Net income 2020 2 992 M - -
Net Debt 2020 13 217 M - -
P/E ratio 2020 43,0x
Yield 2020 2,73%
Capitalization 135 B 135 B -
EV / Sales 2020 5,63x
EV / Sales 2021 4,89x
Nbr of Employees 70 600
Free-Float 95,7%
Chart ASTRAZENECA PLC
Duration : Period :
AstraZeneca PLC Technical Analysis Chart | AZN | GB0009895292 | MarketScreener
Technical analysis trends ASTRAZENECA PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 126,21 $
Last Close Price 103,14 $
Spread / Highest target 51,3%
Spread / Average Target 22,4%
Spread / Lowest Target -18,5%
EPS Revisions
Managers and Directors
NameTitle
Pascal Soriot Chief Executive Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Pam P. Cheng Executive VP-Operations & Information Technology
Marc Pierre Jean Dunoyer Chief Financial Officer & Executive Director
Menelas N. Pangalos EVP-Biopharmaceuticals Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
ASTRAZENECA PLC3.66%135 464
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ROCHE HOLDING AG2.48%305 385
NOVARTIS AG1.97%218 041
MERCK & CO., INC.1.93%210 954
PFIZER INC.-0.30%203 993