Stocks Surge, Moderna Skyrockets, Goldmans Blowout Quarter, Needham Ups Apple

Published: July 15, 2020, 2:12 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the surge in stocks.\\xa0Markets getting a boost from blowout results from Goldman Sachs and Moderna\\u2019s vaccine news.\\xa0Goldman Sachs crushing earnings estimates its biggest outperformance in nearly a decade.\\xa0Revenue was more than $3.5 billion higher than the street was expecting, fueled by strong results in its trading and investment banking divisions.\\xa0On the coronavirus front, shares of Moderna skyrocketing after saying its vaccine produced a \\u201crobust\\u201d immune response, or neutralizing antibodies, in all of its 45 patients in its early stage human trial.\\xa0Other stocks tied to reopening, American Airlines, United, Royal Caribbean all popped on the news.\\xa0And Apple getting a boost, as\\xa0Needham increases its price target for the tech giant to $450, from $350.'