Novavax rethinks strategy after decline in sales

Novavax $NVAX (+6.42%) reported a drastic decline in sales of 88 million dollars in the fourth quarter, compared to 291 million dollars in the previous year. For the full year 2024, sales amounted to 682 million dollars, compared to 984 million dollars in the previous year. These declines are mainly due to falling sales of the COVID-19 vaccine. The company plans to move away from pure vaccine development and instead enter into collaborations with larger pharmaceutical companies and license its technology. Despite the missed revenue projections, where Wall Street expected $684 million, Novavax beat loss projections with a fourth-quarter loss of $0.51 per share. CEO John Jacobs reported that the company continues to receive support from the government for the development of a pandemic flu vaccine. However, the uncertainties created by the political situation and the FDA have severely impacted the company's market opportunities.

Record outflow of 1 billion dollars for Bitcoin ETFs

On Tuesday, investors withdrew over $1 billion from spot Bitcoin ETFs, marking the largest withdrawal since their launch last January. The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the heaviest outflows, followed by the iShares Bitcoin Trust ETF (IBIT). This coincides with a fall in the price of Bitcoin as investors shun riskier assets. In the last six days, Bitcoin funds have lost a total of around 2.1 billion dollars, the longest sequence of outflows since June. Experts point out that current market conditions show that digital assets are heavily influenced by retail investors, meaning that the average investor has less capital to ride out losses. Matthew Sigel of VanEck explained that the record outflows are likely due to hedge funds that have discontinued a popular trading strategy, the basis trade. This could further exacerbate outflows as hedge funds close their positions in ETFs, causing significant redemptions.

Source: https://finance.yahoo.com/news/novavax-reports-large-quarterly-revenue-declines-rethinks-its-strategic-direction-144655966.html

Source: https://finance.yahoo.com/news/bitcoin-etfs-hit-record-1-181318701.html

Earnings next week (11.11 - 15.11)

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Hello folks.

I would like to know your opinion.

But first, about me:

36 years old, married from summer, father, investment horizon 20-25 years, Austria

Unfortunately, I only started investing late, right at the time of the corona crash in March 2020. Before that, I'd only had bad bank products pushed on me. Unfortunately, investing in shares has never been an issue in my family, there was and still is only the "good" old savings book and maybe gold.

Be that as it may, the shares I bought back then all did really well, it wasn't difficult. Unfortunately, they were only very small amounts because I didn't dare to invest more. But I sold a lot of them with 100% gains at good times. Then came 2021 and I let myself be influenced by finfluencers and the like, and still clueless as I was, increased the stake and made a few really really shitty purchases. Many are no longer in the portfolio now, but I still have a few pipe-dreamers.

And that's exactly what I'd like to know your opinion on:

$BABA (-0.09%) , $PYPL (+0.75%) , $COIN (+7.99%) , $TKA (-0.61%) , $NEL (+2.61%) , $PCELL (+0.79%) ,

In addition to the others, I actually want to get Nel and Powercell out of my portfolio, but the sums are now so small that I almost don't care if they also run to 0. My thought was to wait until next January to sell them in order to fill my loss offset pot.

This year I already have enough in my loss offset pot through the sale of $NVAX (+6.42%) and $B8F so that I don't pay any tax on my dividends (except withholding tax).

Thanks to everyone who takes the trouble to answer.

Have a nice weekend.

Now it's time to let your "pants" down.

Which are your 3 current "grey pellets" in the portfolio and/or which ones did you part with last?

My hit list:

$JMIA (+2.89%) with -89%

$NVAX (+6.42%) with -94%

$JK with -95%

Jumia and Just kitchen had to leave the group last week and just now unfortunately😜

How do you currently estimate $NVAX (+6.42%) and $VLA (+2.82%) rate?

I am currently down about 76% on Novavax and about 71% on Valneva.

From $BAVA (+1.26%) this week with a little plus. Now I have the question, wait for a turnaround in the other two or rather sell now to avoid going even further into the red?

I know, no one has a crystal ball but the exchange is always interesting. ☺️

getquin Daily Summary 22.09.2022

Hello getquin,

Happy Thursday to all of you. The week is almost done and it's time to make plans for the weekend. But don't plan too much, the weekend should also serve as a rest.

Europe🌍:

1st indictment against Wirecard management is admitted

The Munich I Regional Court has admitted the charges against ex-Wirecard CEO Markus Braun and two other managers. They will thus be put on trial for commercial gang fraud. The white-collar criminal proceedings are likely to be one of the biggest in German history. According to the court, a date for the start of the trial has not yet been set.

Read more: https://bit.ly/3BAYdJI

🟩 $WDI 0,035€ (🔼 +0,57%)

2. Goldman Sachs joins Allianz

Goldman Sachs, a major U.S. bank, acquires a 0.48 percent stake in Allianz. In addition, financial instruments such as futures, swaps and call and put options account for a total of 4.88 percent of the 408.5 million Allianz shares. The new shares were published today, but the deal was already closed last week.

Read more: https://bit.ly/3SlH25u

🟩 $ALV (+0.6%) 172,27€ (🔼 +0,78%)

America🌏:

3rd Powell makes the stock market shake

The Federal Reserve raised key interest rates by another 75 basis points and indicated that it will continue to keep rates well above current levels. Inflation has reached its highest level since the early 1980s.

Read more: https://cnb.cx/3xIUhWe

🟥 S&P500 3,752.94 (🔽 -0.98%)

Stocks of the day:

🟩 TOP $UN01 3,32€ (🔼 +9,14%)

👍 Uniper must not be missing from our "Daily Summary", therefore investors were kind enough to push the price so that Uniper becomes the Top Stock of the Day.

🟥 FLOP $NVAX (+6.42%) 23,95€ (🔽 -12,05%)

👎 Analysts cut their price target to $27 from $132 after Novavax issued a revenue warning. However, analysts estimate the sales slump to be even worse.

🟥 Most searched $DPW (-0.99%) , 31,43€ (🔽 -2,29%)

🟩 Most traded $UN01 , 3,32€ (🔼 +9,14%)

🟥 S&P500, 3,752.94 (🔽 -0.98%)

🟥 DAX, 12,544.61 (🔽 -1.74%)

🟩 Bitcoin ₿, 19,283.26€ (🔼 +2.66%)

Time: 17:45 CEST

Fun Fact:

September 22 is officially the first day of fall according to the calendar!

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