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Month: November 2020
Equity News

Trump Willing To Accept Biden’s Victory, Europe Discussing Trade Issues With Democrat Team

Markets were pleased in terms of U.S. policy to see Donald Trump taking another step towards acknowledging his defeat in the November 3 presidential election to Joe Biden. In the short session on Friday, after remaining closed for Thanksgiving on Thursday, Wall Street took an upward momentum on the day. The larger S&P 500 index gained 0.24% to 3,638 points; the technology rich Nasdaq composite index gained 0.92% to 12,205 points, whereas Dow Jones rose 0.13% to 29,910 points on Friday. On Thursday, Donald Trump said he would leave the White House if the Electoral College votes in favor of
Market Activity

U.S. Markets Advantageous Of Vaccine News This Month, Stocks Of Vaccine Makers Jumped On Wednesday

This month, markets have benefited from many comfort factors, beginning with the positive outcomes of many coronavirus vaccine trials, but also the approval by Donald Trump of the presidential transition, or the insistent reports of former Fed boss Janet Yellen as head of Joe Biden’s Treasury Department. But, it is necessary for this appointment to must be confirmed by the Senate, which should remain under the jurisdiction of the Republicans. As an ex Fed boos, monetary policy of Ms. Yellen remained appreciated by the markets. And now the financial sector has been viewing her appointment as Treasury Secretary as well
Stock Investing

Brazil ends Boeing 737 MAX ban, after EASA and FAA approval

European Union Aviation Safety Agency (EASA) set up the conditions and regulations on Tuesday for grounded Boeing 737 MAX to back into the service. The new conditions include training and updating MCAS software implicated in the crashes. Following the footsteps of EASA, Brazil’s top regulator Gol said that they are implementing the required measures to resume theBoeing 737 MAX flights by the end of the year The regulator was waiting for EASA decision for a long time before implementing their measures as U.S aviation leadership has been tested hard due to Boeing 737 MAX fatal crashes. José Roberto Honorato who

VIPS stock
Stock Investing

Paylocity (PCTY) Stock Up 60% This Year, Adding More Remote Jobs Portfolio

The software company Paylocity Holding Corporation (PCTY), which provides cloud based HR and payroll solutions, has acquired another tool related to the field of remote working. The move came as Paylocity expects the growth of this field to continue even after the end of the coronavirus pandemic. Business namely Samepage, which owns tools for remote collaboration such as real-time file and document sharing, was acquired by Paylocity. This acquisition would extend the portfolio of Paylocity, which includes a suite of human resource management tools, HR support, and initiatives that include coordination by a geographically dispersed team. Solutions purchased will be
Trading Signals

Yunji Inc. (YJ) Rallies on Agreement Deal with Douyin

The Chinese e-commerce network is on a roll following a new collaboration deal that will leverage Yunji’s online store and video account on Douyin. Shares of Yunji Inc. Skyrocketed on Tuesday as the stock soared above 100%. The Chinese leading social e-commerce platform is set to announce its third-quarter 2020 results on Nov. 26, 2020. On Nov. 25, the company announced that it has signed a cooperative framework agreement with Douyin. Yunji has collaborated with the leading Chinese live-streaming network that is owned by Bytedance. The investors are expecting a good response from the company as the online audience has

PNC Stock
Market Activity

Chico’s FAS (CHS), Hormel Foods (HRL), Moderna (MRNA), Analog Devices (ADI) Stocks Lost Amid Surge In Stock Markets

Chico’s FAS Inc. (CHS) declined by -10 percent on Tuesday. The apparel retailer posted solid third quarter sales growth of 14.8 percent compared to the previous quarter, and an expanding gross margin of 740 basis points. The year-on-year digital growth was 67 percent. Best Buy Co. Inc (BBY) dropped -6.96 percent on Tuesday as the largest US retailer of consumer electronics posted adjusted earnings per share of $2.06 in the third quarter compared to a consensus of $1.73. Quarterly sales totaled $11.85 billion, compared to a forecast of $11 billion. Like-for-like growth was 23%. Online domestic like-for-like sales jumped 174%.

ALXO Stock
Trading Signals

Surge Continue For Roku Stock, As Better Prepared For Black Friday With Limited Offers

Streaming TV solutions provider Roku Inc. (ROKU) has released deals which will be available to customers for a limited period of time including Black Friday. The offers are related to reducing the cost of set-top boxes, which will also include premium subscriptions giving preferential access to its popular streaming services. The low-cost $17 Roku SE games, which will be published in a limited edition, are one of Roku’s main offerings. The device will be available on the network of Walmart Inc. (WMT) and will be sold before inventory runs out. Roku possibly plans to use such a device to broaden

ZM Stock
Stock Investing

Elon Musk Accuses Xpeng Inc (XPEV)’s Engineer of Stealing Apple’s Code

The Chinese automaker Xpeng is facing a lawsuit for possibly stealing the source code of the plaintiffs. Tesla’s owner Elon Musk is one of the most active persons on Twitter. In a recent debate on the social network, Musk claimed the Chinese automaker Xpeng had stolen Apple’s source code. Earlier in July 2019, Tesla’s former engineer Guangzhi Cao was caught transferring Tesla’s Autopilot source code to his iCloud account. Cao admitted his fault, and for this act, the leading automaker sued Cao for giving the secret code to Xpeng. Xpeng also popular as Chinese Tesla is once again under highlights

OPEN Stock
Equity News

Oil Rose While Gold Dropped On Monday

On Monday, oil prices continued to grow at their highest level in almost three months, hoping for a demand rebound in 2021 and an extension of OPEC supply cuts past 31 December. On 30 November and 1 December, the representatives of the OPEC+ will meet. For the December Nymex contract, the price of U.S. light crude oil (WTI) rose 2.15 percent to $43.06 a barrel on Monday, the highest since August 26. The January distribution Brent contract rose 2.45 percent to $46.06. WTI has peaked at 20.3 percent since the start of November and Brent has recovered almost 23 percent

OPEN Stock
Market Activity

Vuzix (VUZI) Stock Could Rise, Get More AR Glasses Orders

The U.S. manufacturer of augmented reality glasses, Vuzix Corporation (NASDAQ: VUZI) concluded the week losing 2.51 percent to settle at $3.88, but the stock was up 3.19 percent over the past 5 sessions. Over the past few years, Vuzix has successfully sold its augmented reality (AR) lenses. Requests originate from various sectors, and the AR M400 glasses are one of the most common solutions. A change in the status of Vuzix was previously marked by different investors. Now the company is a leading and universal provider of AR application systems, applicable in different processes including from operating in warehouses of

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