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Private Payroll Growth Disappointed In February As Labor Market Recovery Remains “Sluggish”

Private payroll growth disappointed in February. ADP reported this morning that companies added just 117,000 jobs for the month, while economists had forecast a reading of 225,000. “The labor market continues to post a sluggish recovery across the board,” said Nela Richardson, chief economist at ADP. “We’re seeing large-sized companies increasingly feeling the effects of COVID-19, while job growth in the goods producing sector pauses.” Trade, transportation and util...

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Kopin Corporation (NASDAQ: KOPN): Kopin shares gained as much as 29% yesterday after the developer and manufacturer of high-resolution micro-displays and sub-systems posted solid fourth quarter and year-end 2020 results. “We are delighted to have finished 2020 with very strong results in both our top and bottom lines, with revenue growth of 36% year-over-year and increased effici...

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GILD is down -8% from an early February peak – is it a buying opportunity, or a warning sign?

From that point, however, the industry has rebounded nicely, driven by progress on the vaccine front that saw approval of the third vaccine candidate over this last weekend, and increased production of the previous two already approved vaccines. That gave the industry a new sense of optimism that the end of the pandemic is in sight. It is still true that in the broadest sense, full herd immunity via vaccination isn’t likely to be reached until the middle of the year, but even as the total n...

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BioCryst Pharmaceuticals, Inc., a biotechnology company, discovers oral and small-molecule medicines. The company markets peramivir injection, an intravenous neuraminidase inhibitor, for the treatment of acute uncomplicated influenza under the RAPIVAB, ALPIVAB, RAPIACTA, and PERAMIFLU names; and Mundesine, an oral purine nucleoside phosphorylase inhibitor for peripheral T-cell lymphoma. It is also developing BCX7353, an oral serine protease inhibitor and oral dose formulation that is in Phase...

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