Monday, July 25, 2022

Monkeypox Outbreak Sends These Stocks Soaring...

Trade of the Day Wake-Up Watchlist
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Good morning Wake-Up Watchlisters! While you're sipping that morning coffee you'll see stock futures were higher on Monday as the busiest week of corporate earnings and economic data is upon us. All three major indexes advanced since mid-June and the Nasdaq gained over 10% during that period.

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Here's a look at the top-moving stocks this morning.

Siga Technologies (Nasdaq: SIGA)

Siga Technologies is up 15.54% premarket after the World Health Organization recently declared monkeypox a national emergency. Siga's smallpox drug, tecovirimat (known in the U.S. as Tpxx), has been approved for oral use against monkeypox in Europe.

Biotechnology remains a hot sector, and there's a new invention on the horizon that's being dubbed the "Next Giant Leap." SpaceX Founder Elon Musk recently sent this technology into orbit and right now you get in on it for just $3.

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Chimerix (Nasdaq: CMRX)

Chimerix is up 24.46% premarket. Last month the company was awarded a contract worth up to $25.3 million by Canada for its smallpox drug, likely to be used to treat monkeypox as the viral infection spreads across the world. The contract came a day after Chimerix announced an order worth $9.3 million for the smallpox drug.

 

RPM International (Nasdaq: RPM)

RPM International is up 10.00% premarket after its latest earnings report. The company reported record results with a 13.7% net sales increase to a record of $1.98 billion. Fourth quarter net income increased 27.4% to a record $199 million and income before income taxes was a record $221.7 million.

 

Iovance Therapeutics (Nasdaq: IOVA)

Iovance is up 5.86% premarket after a recent announcement the company approved a grand of inducement stock options covering 39,400 shares of Iovance's common stock to 15 new non-executive employees. The awards provide for the granting of equity awards to new employees of Iovance by the Company's compensation committee in accordance with Nasdaq Listing Rule 5635(c)(4).

 

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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