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Month: December 2020
Stock Investing

U.S. Indices Kept Flying Higher In Penultimate Session Of The Year

On Wednesday, the penultimate session of 2020, the New York Stock Exchange advanced, with the Dow Jones index closing at a historic high and other big indices reaching theirs. As a part of the latest assistance package in the United States, and through the coronavirus vaccine program, investors continue to expect a solid economic rebound in 2021. The dollar dropped to a two-and-a-half-year low, a bout of weakness that supported oil and gold prices, buoyed by revived risk aversion. The Dow Jones index rose 0.24 percent to 30,409 points at the close, just 6 points above its previous record on
Equity News

Oil Continued Rally On Tuesday

Oil prices continued to rise on the decline highlighted by the data in oil inventories. On Tuesday per barrel price of WTI crude oil futures rose by +0.88 percent to $48.00 while that for February Brent crude oil futures increased by +0.45 percent to $51.09 per barrel. The rise in oil prices was driven by a report from the American Petroleum Institute (API) that US domestic crude oil inventories dropped 4.79 million barrels last week. If the data is confirmed today by the official EIA report on changes in oil and oil products reserves (the consensus forecast assumes a decrease

ELVT Stock
Market Activity

U.S. Indices: Rally Continued On Monday After Christmas Holiday

U.S. financial markets marked the introduction of all three main indices to fresh historical peaks on Monday 28 December, the first day of trade after Christmas. Fears that federal departments will be left without Tuesday’s financing and that Americans will be left without subsidies have persisted in the background, after President Donald Trump signed the budget for the next fiscal year late on Sunday. The blue-chip Dow Jones Industrial Average contributed 0.68 percent to 30,403.97 points at the end of the day, the broad-market Standard & Poor’s 500 index improved 0.87 percent to 3,735.36 points, and the Nasdaq high-tech index

ELVT Stock
Equity News

Oil Prices Risen In Pre-Holiday Session

Trading on the ICE and CME platforms was not held on Friday 25 December on the occasion of the celebration of Christmas. On the eve of oil futures, the price added about 0.3 percent, continuing to respond to data released by the EIA a day earlier on the decline in oil reserves in the United States. The conclusion of a trade agreement between the European Union and the United Kingdom after Brexit was an additional plus. Following the trading results on December 24, February crude oil futures for Brent added 0.25 percent and closed at $51.37, February crude oil futures

ELVT Stock
Market Activity

U.S. Indices: A Relatively Calm Day Before Christmas

In this last (full) session before the extended Christmas weekend, Wall Street regained some ground. On Wednesday, the Dow Jones picked up +0.38 percent to 30,130 points. The S&P 500’s wide index gained +0.07% to 3,690 points, while the Nasdaq Composite index, rich in stocks in technology and biotech, slipped -0.29% to 12,771 points. Brussels and London are apparently close to an agreement on Brexit after months of talks, although some of the sticking points still seemed to remain on Wednesday. That was enough to overshadow the umpteenth blowout of Donald Trump, who vowed not to ratify the US Congress’

THMO
Market Activity

Dollar Strengthened As Virus Situation Is Putting Pressure On The Euro Zone

The US dollar strengthened against major currencies on Tuesday, December 22. The DXY index was up 0.66 percent on the day to close at 90.546, while price of EUR/USD pair dropped by 0.62 percent to $1.21637. The rise came as the situation with coronavirus in the UK is still in the centre of interest of market participants. There is growing concern at the moment that the latest strain of the virus may have already spread to Germany and France, though it has already been identified in Italy. In these conditions, it cannot be ruled out that the United Kingdom will
Equity News

Oil And Gold: A Tough Day For Both, Tesla (TSLA) Stock Also Dropped On Its First Day

On Monday, the oil sector remained under pressure from the U.S. Congress still not coming to an agreement on the stimulus plan as well as suffering the impact of new coronavirus wave in the United Kingdom which raised questions about the economic recovery in all parts of the world especially in Europe. In the January Nymex contract, U.S. light crude oil (WTI) dropped -2.77 percent to $47.74 a barrel. In February, the Brent contract for delivery lost -2.58 percent to $50.91 per barrel. On the other end, with strengthening Dollar, Gold for the February Comex futures contract, dropped -0.34 percent
Equity News

U.S. Indices Took A Break On Friday Awaiting Government’s Decision On ‎Support Plan

On Friday, the New York Stock Exchange ended marginally lower, following records in its key indices, which increased throughout the week. As Friday approached (the last deadline before a “shutdown”), talks in the U.S. Congress on a proposed $900 billion budget funding package have escalated, which can continue over the weekend. Another concern surfaced as Washington put the Chinese chip maker SMIC and 60 other Chinese organizations on the blacklist of the Commerce Department. Oil prices, however, kept increasing, with WTI reaching $50 per barrel. At the close, the Dow Jones index fell -0.41% to 30,179 points, while the large

ZM Stock
Stock Investing

How VEREIT (NYSE: VER) Stock shot up on Friday Morning?

So, What’s New The shares of VEREIT (NYSE: VER) closed Friday at around $37.86 in contrast with the previous close of $7,70. The calculation on that move, though, is meaningless. This price move was widely expected. Management announced plans to perform a 5-for-1 reverse stock split on Nov. 5, when it announced its third-quarter earnings. The number of shares doesn’t change with stock splits, only the number of shares. After the split, proportional ownership will remain the same among shareholders. Meanwhile, the dividend will now be $0.385 per share, a five-fold increase over what it was before the reverse split.   

PNC Stock
Trading Signals

What’s the update on Sundial Growers Inc. (Nasdaq: SNDL) Stock?

Sundial Growers Inc. (Nasdaq: SNDL) recently announced that it had repaid $50 million of its outstanding term loans to further strengthen the company’s balance sheet. All amounts are denominated in Canadian dollars unless noted. Repaying the debt will result in an annualized savings of $2.5 million in interest costs. The company’s indebtedness, including the Facility, is approximately $22 million. Its cash balance is currently about $39 million. Sundial’s Chief Financial Officer, Jim Keough, said the fast-tracked repayment of a significant portion of its debt is a further step toward advancing its financial flexibility and reducing its overall cost structure. Our

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