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Month: November 2020
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
Market Activity

Aptevo Therapeutics (APVO) Stock on a roll after Tang Capital Partners Discloses 54.40% Stake in APVO

Aptevo stock is trading in its highest range since Oct. 2018 as the biotech firm updates on completeremission of APVO436 while Tang discloses its stake in the company. The clinical-stage biotech firm, Aptevo Therapeutics Inc. (APVO) shares are on a roll from the start of this month and currently trading at its highest price range since Oct. 2018. Entering into November 2020, the stock market seems to ease the burden of pandemic and with the news of virus vaccine on the line, stocks are eyeing for a bullish run. On Monday, APVO stock surged up to 38.14% to $32.74 at the
Stock Investing

DraftKings Inc. (DKNG) Will Further Benefitted From Legalization of Sport Betting In Some More US States

The U.S. digital sports entertainment and gaming company, DraftKings Inc. (DKNG) was down -1.94% on Monday to close trading at $41.50. But the company’s shares rose +16.18% over the past week following reports of the legalization of sports betting in several other US states. Stocks of the online sports betting and fantasy sports matchmaking company are up 57.97% while the performance significantly increases to a rise of 287.85% from year to date. In the coming months, the states of Louisiana, South Dakota and Maryland will authorize their people to bet on sporting events. DraftKings will be one of the winners
Trading Signals

8×8 Inc (EGHT) – Quarterly Results And An Agreement With Mediterranean Shipping

Communications business solutions provider 8×8 Inc. (EGHT) posted quarterly results and revenue growth at the end of October. Investors responded positively to the news, and stocks, adding more than 12 percent over the month, returned to growth. Although on November 9, EGHT stock dropped by -1.18% to $18.48 but was up 6.82% in over the week trading while that raise to 15.79% over a quarter. During the mass shift of Americans to remote work due to COVID-19, the communication solutions provider has become particularly common. Furthermore, due to the cancellation of many conventional presentations and conferences, the market for connectivity
Equity News

General Electric (GE) Stock Rallies on GE Healthcare Collaboration with GenesisCare

GE Healthcare multi-year strategic partnership is valued at $130 million which includes clinical education and services, imaging technologies, and digital solutions. The stock market is driving towards bullish momentum after the potential COVID-19 vaccine obtaining 90% of completion in final stage trials. However, General Electric Company (GE) stock is rallying with a major update in-store. Shares of GE stock rallied over 10% in the premarket today partially driven by vaccine news, and also by GE Healthcare partnership with GenesisCare. This multiyear collaboration will be based on improving patient outcomes suffering from heart disease and cancer. GE Stock started the day

VIPS stock
Market Activity

Oil Fell But Gold & Silver Rose

According to trading data, global oil prices fell by more than 3% on Friday due to increasing concerns about demand for raw materials in the light of the ongoing coronavirus pandemic. The cost of January futures for Brent North Sea oil mix fell by 3.37 percent, to $39.55 per barrel, and December futures for WTI crude oil fell by 3.92 percent, to $37.27 per barrel. At the same time, Brent crude oil grew by more than 5%, and WTI by 4% this week. The rise in human infections with the latest coronavirus and the possibility of repeated economic shutdowns in

ZM Stock
Stock Investing

EUR/USD Rate Slid As Uncertainty Remained Around Outcome of U.S. Elections

On Friday, November 6, the Euro weakened against the US dollar by 0.1%, closed the trading at the level of 1.1873. December futures on the dollar index DXY dropped by 0.37% and were at the level of 92.23. At the end of Thursday, the EUR/USD exchange rate rose by 0.87% to 1.18229, and the DXY indicator fell by 0.96% to 92.516. Global markets have seen increased demand for risky assets, including the USD, for four consecutive days. At the same time, the rates of protective currencies such as the Swiss Franc and the Japanese Yen show significant strengthening, which is
Trading Signals

Investors relieved after Biden won the presidential race

After the few days of uncertainty regarding election results, finally, Investors and financial executives were relieved when the Biden victory was declared by the major media networks. Although the current president trump hasn’t conceded the elections and said that he would fight the results in court. Chief investment officer at Sunrise Capital Partners, Christopher Stanton said that the Biden is good news for the markets. We’re all so tired of the whipsaw that came with the Trump tweets. The biggest weekly gains were seen at the major U.S stock indexes as investors were betting on Biden win and a senate

VIPS stock
Equity News

Altus Midstream Co (ALTM) Stock Triples After Raising Future Outlook

Altus stock tripled overnight as the company plans to recommend a quarterly dividend of $1.50 per share beginning in March 2021. Shares of the Permian-to-Gulf Coast midstream oil & gas pipeline company, Altus Midstream Company (ALTM) skyrocketed on positive third quarter results and upgraded future outlook, including a dividend policy to recommend Board of Directors (BoDs) to initiate quarterly dividend payout in March 2021. Altus shares price tripled during yesterday’s trading session to $30.54 compared to the previous close of $10.03. The stock soared higher in the premarket on Thursday above 80% as it kicked off the session at $18.27.

HCCC Stock
Trading Signals

Qualcomm (QCOM) Posted Stronger Results, Came On The Heels Of Rising 5G Demands

Qualcomm Incorporated’s (QCOM) stock continued surge for second consecutive day on Thursday as investors welcomed a 76 percent increase in quarterly profit and 35 percent earnings announced after ring of the bell on Wednesday. The company also gave the current quarter a much better outlook than Wall Street forecasts. The company’s shares, which have risen by 46% since the beginning of the year, rose significantly by 16.44% on Thursday, as the company reported substantially better-than-expected fourth quarter results as well as above Wall Street estimates forecast for first quarter of fiscal 2021. The business posted an 86 percent rise in

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