Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The New York trading day ended with slight price declines in the three major indices for the fourth day in a row. The Dow Jones and S&P 500 lost about 0.4%, the Nasdaq about 0.2%.
The Israeli AutoTech Company Autonomous Crashed last night and lost 17% of a campaign, after reporting earlier today on a strategic partnership with U.S. LeasePlan, which specializes in vehicle fleet management. also Risked The Israeli finished a difficult evening during which she fell by 10%, and more declines are recorded at Global-E , NeoGames , Culture andIntec Pharma .
Those who recorded a sharp rise tonight are hippo The Israeli who rose more than 8%, Re andOrmed .
Gevo soared above 35% in the highest trading volume on NASDAQ (almost 180 million shares compared to a daily average of about 7 million), after reporting together with the energy giant misfortune That the two signed a memorandum of intent to jointly invest in the construction and operation of new or more facilities that will process inedible corn for the production of sustainable aircraft fuel. More beautiful rises recorded American Airlines , Modern , Under Armor, Lolulmon andEphraim Holdings .
The rises recorded on Wall Street have been erased and now the leading indices are losing ground. The Dow Jones and S&P 500 indices are down 0.4 percent each, while the Nasdaq is down 0.1 percent.
Modern andAmerican Airlines Continue to concentrate interest and rise in high cycles, and further increases are recorded at Under Armour , Seagate Technology , Pluto Interactive , Lolulmon Athletics andAmerican Wall . Among Israeliness, Re Automotive , Inmode , Ormed And Stratsys are recording increases of more than 5%.
On the other side of the table In Eugene Cut by 7%, Eli Lily Loses almost 6%, Chinese Tencent drops 3%. Israeli RiskPayed and Autonomous continue to fall by about 15% each, NeoGames Loses 6% and Global Island 5%.
Green energy company GEVO jumps 35% in the highest trading volume on NASDAQ (122 million shares compared to a daily average of about 7 million), after reporting together with the energy giant misfortune That the two signed a memorandum of intent to jointly invest in the construction and operation of new or more facilities that will process inedible corn for the production of sustainable aircraft fuel.
European Trade Day closed with a mixed trend. The DAX was up 0.1% and the Kak was up 0.2%, while the Potsey Index was down about 1% – with the notable declines recorded Vodafone , IAG , The energy giant BP andTesco .
On Wall Street, the positive trend continues, although gains have moderated. The Dow Jones is recording a minimal increase, the S&P 500 is up 0.1% while the Nasdaq is standing still.
American Airlines andModern Interest centers and stocks are soaring above 6%. More adequate increases are recording Delta Airlines , United Airlines andNorwegian Cruise Line .
There is a mixed trend among Israeli women in New York. The AutoTech Company Autonomous Crashes and loses 14% battle, andRisked Decreases at a similar rate. More notable declines are recording Sentinel Van , Culture andGlobal-E .
On the other hand, Analybax Therapeutics Israelis are growing by 6%, and so on Inmode , Ofco Health , Re Automotive , Nano Dimension , Stratiss , Ormed andNovocure With adequate increases.
Crude oil data were released in the US, with inventories down just 1.5 million barrels this week, while a decline of 4.6 million barrels was expected.
The slight declines recorded at the beginning of the trading day have been erased, and now the major US indices are trading up 0.2% -0.4%.
Sentinel Van , Which opened the day with a 5% increase, mimics the increase and is now down 5.2%. The cyber security company released its first financial statements as a public company yesterday after the close of trading, and although its revenues were higher than analysts’ forecasts and it provided a positive forecast for third quarter revenue, the company still posted a net loss (according to forecasts) and today the stock is losing ground.
Risked , Which develops and markets a system for payments and prevention of credit fraud in online commerce, collapses and loses 12% after publishing today the second quarter reports, which are its first reports as a public company. Revenue for the quarter grew by 47.3% compared to the same quarter in 2020 and amounted to $ 55.7 million, higher than analysts’ forecasts. In the first half of the year, revenues reached about $ 107 million, up from $ 71 million in the same period in 2020.
Trading day in New York opened with a mixed trend, with the Dow Jones and S&P 500 down 0.1% but the Nasdaq opened steadily and is now recording a very slight increase.
Gamestop stands out negatively and loses over 7%, having recorded declines in early trading as well. The Israeli Sentinel One climbs 5% after the publication of its first reports last night. Shares of the sports and athletics clothing company Lolulmon are soaring by about 13%.
London Airline EasyJet Falls 11% after rejecting a bid from its rival Visair, announcing a £ 1.2 billion round of capital raising.
Macro USA: Lower unemployment claims in the US in the week ended September 4: 310,000 claims were filed while the market expected 335,000 claims. In the week before, 345,000 initial claims were recorded.
The number of ongoing claims decreased by 22,000 and amounted to 2.78 million.
As expected, the Central Bank of the Eurozone (ECB) left interest rates unchanged at zero. At the same time, the ECB announced the slowdown in the repurchase program of its bonds, launched in March 2020 with the aim of supporting the bloc’s economy.
At 15:30, ECB leaders will hold a press conference.
Nadav Ofir, Global Markets Strategist at Bank Hapoalim’s Chamber of Commerce, notes that “in his statement to the market, the central bank talked about continuing its acquisition program but at a slower pace with the market expecting that by March 2022 the monthly bond purchase rate will drop to 80 billion euros To 50 billion euros. The decline in the acquisition program stems from the central bank’s recognition of the improving state of the European economy in the face of the corona crisis. At the same time, this is not a similar story to the American economy. The eurozone has entered the corona crisis in a significantly worse state than the US economy. The improvement in the European economy will be milder and longer than on the western side of the Atlantic. “We expect bond yields in Europe to remain ultra-low in the medium to long term, affecting risk appetite in European stock markets in light of the lack of an alternative in the European debt market.”
Company Risked , Which develops and markets a system for payments and credit fraud prevention in online commerce, today published the second quarter reports, which are its first reports as a public company. Revenue for the quarter grew by 47.3% compared to the same quarter in 2020 and amounted to $ 55.7 million, higher than analysts’ forecasts. In the first half of the year, revenues reached about $ 107 million, up from $ 71 million in the same period in 2020. GMV, the volume of sales made through the RiskPayed platform, totaled $ 55.7 billion in the second quarter.
The cyber security company Sentinel Van Yesterday (Wednesday) after the end of trading, it published its first financial statements as a public company. The company was issued last June. In the second fiscal quarter (the quarter ended in late July), the company’s revenues were higher than analysts’ forecasts and the net loss matched forecasts. At the same time the company provided a positive forecast for third quarter revenue.
Declines in Europe. Leading stock indices retreated 0.4% -1.3%.
Experts from the investment institute of the financial asset management company BlackRock referred in their weekly review to the strengthening of European markets in the wake of the ECB meeting and the upcoming German elections: “Europe this month is in the spotlight, due to the ECB meeting We are now overweight in European equities due to a change in the European Central Bank’s economic outlook leaving inflation below the medium-term target, and the expansion of the continent’s economic restart. 2022 and will further support our tactical preference for shares in the eurozone. At the same time, the ECB may reduce its asset purchase rate as early as September amid lighter financing terms and lower bond yields, ”they note.
The day of trading on European stock exchanges opened in a negative trend, ahead of the announcement by the European Central Bank (ECB) later in the day.
Online gambling company 888 Announced this morning that it is acquiring William Hill’s international operations at a company value (EV) of £ 2.2 billion.
Asian stock markets are trading in a mixed trend today, after a negative close in New York yesterday. The Nikkei index in Tokyo is down 0.8%, while Shanghai is up slightly. Trading in US stock market indices is down slightly.
Tencent shares are down about 6% in Hong Kong due to fears of regulatory intervention in China in the company’s business.
In the macro arena, China reported today that the consumer price index has risen 0.8% in the last 12 months compared to economists’ expectations of a 1% rise. The producer price index jumped by 9.5% compared to the expected increase of 9%.
In the crypto market, Bitcoin is currently trading down slightly around $ 46,200. This is after he had already climbed to a level of $ 52,800 during the week.
A Brent oil contract is trading at a slight rise to $ 72.7 a barrel and a contract on the gold ounce is down slightly to $ 1,790.