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Day: November 11, 2020
Stock Investing

Petrobras (PBR) Stock on a Roll After It Decides to Sell Off Its Fully-Owned Ceara Cluster

The Brazilian based energy firm has decided to sell 100% of its stake in the Ceara Cluster in order to reduce cost and enhance capital allocation. Shares of Petrobras (PBR) are continuously rising after the company increased its production guidance for 2020, reported in Q3 release earlier this month. Since the beginning of this week, PBR shares have lifted up with stronger momentum. Shares of PBR are driven by high volume (51 million on Tuesday), but what’s causing the investors to come in big numbers? Recently, the company announced that it will be selling all its stakes in the four
Trading Signals

Canopy Growth (CGC) and Aurora Cannabis (ACB) Reported Beating Quarterly Results

Shares of cannabis firms have get traction in recent days since cannabis legalization was voted on by citizens in five states of the United States. For the reason, Canadian companies Canopy Growth Corporation (CGC) and Aurora Cannabis Inc (ACB) gained on over the past three trading days but have lost in yesterday’s session. The surge in their stock prices began on Friday, when the preliminary results of the US presidential “race” were announced, as well as the votes on the topic of cannabis legalization was counted. Also Canopy Growth and Aurora Cannabis this week posted earnings above the expectations of
Equity News

Gold Recovering, Oil Rebounds, Dollar Stabilizes While Fed’s Boston Chief Supporting Greater Economic Assistance

Gold has recovered its color on Tuesday after getting a blow on Monday due to the return of risk appetite. After slipping the highest one-year decline of 5 percent in more than seven years on Monday for the Comex Futures contract, Gold gained 1.2 percent to $1,876.4 on Tuesday. In the expectation of an anti-Covid vaccine, oil prices continued to climb on Tuesday: the December contract for the barrel of U.S. light crude (WTI) took 2.7 percent to $41.36 after an 8.5 percent leap on the Nymex on Monday. After a 7.5 percent jump the day before, the Brent contract

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