Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations

15:30

Mixed opening on Wall Street. The Nasdaq index is trading steadily while the Dow Jones is down slightly.

The Israeli gaming giant Politics Published its third quarter reports today, and the disappointment for investors is great. The company did not meet market forecasts, neither the top nor the bottom line – and the company’s stock is falling. The mobile gaming company posted earnings of 20 cents a share, down from 31 cents a share in the same quarter last year and less than market forecasts, which stood at 27 cents a share. In total, net income was $ 80.5 million, down from $ 119.9 million in the same period last year.

13:25

Car rental company Avis Budget Group , Which jumped 108% yesterday after announcing the electrification of its vehicle fleet, is losing about 6% in early trading. On Tuesday, the company released its quarterly reports, hitting forecasts with $ 10.7 per share earnings (compared to expectations of $ 6.9) and revenue of $ 3 billion, while forecasts estimated that they would stand at $ 2.7 billion.

Radware Reported revenue of $ 73 million in the third quarter, a 17% increase over last year. Adjusted earnings per share were 23 cents, while analysts estimated earnings of only 10 cents per share. The stock is down 1% pre-order.

12:30

Rada The dual Israeli company involved in the development and production of tactical radars, fell 6% in pre-trade on Wall Street after announcing its results for the third quarter. The company reported a 162% jump in adjusted EBITDA compared to last year, to $ 8.2 million. Its revenues totaled $ 32 million, a 57% increase over last year but slightly less than the market’s sales expectation of $ 32.6 million. , A jump of 184% compared to last year).

also Solaredge The Israeli is weakening in early trading (after losing about 5% in late trading last night) after publishing its third quarter reports. The company, which provides systems for monitoring and optimizing solar energy and also operates in the field of energy storage, recorded revenues of about $ 526 million in the third quarter, slightly lower than analysts’ forecasts and within the forecast range previously provided by the company. Non-GAAP net earnings per share, which reached $ 1.45, outperformed analysts’ earnings forecasts by 9 cents. The stock’s gains may also come due to disappointment from the fourth-quarter forecast for the fourth quarter – Solaredge expects revenue of $ 530-560 million, a growth of 48% -56% over the same quarter, with the mid-term forecast lower than analysts’ forecasts.

11:45

European stock exchanges are trading in a mixed trend, with the main markets – in Frankfurt, London and Paris – recording slight declines.

In London, the IAG airline group stands out, rising 3.5%, while the fuel company BP is losing ground. American Airlines is also strengthening and rising by more than 2%. The German Dax index is burdened by the pharma company Persenius, which focuses on kidney treatments, which is losing 4.5%.

Trading on futures is still on a mixed trend, with a slight drop to the Dow Jones and a small rise to the Nasdaq.

10:10

Trading on European stock exchanges opened in a mixed trend, although fluctuations were weak in most markets in the bloc. Dax records a minimal drop, Potsey loses 0.1%. The French Kak recorded a very slight increase, the Eurostocks 50 traded steadily.

British Fashion Company Next Loses over 3% in London, and so does the energy giant BP Loses ground in light of the weakness in the crude oil market. In Frankfurt Adidas Records a slight increase, Deutsche Bank Retreated 0.2%.

Futures on Wall Street indices have also softened, and the trend is now mixed, with contracts for the Nasdaq expecting a 0.1% increase in afternoon trading. The contract for the S&P 500 is trading steadily, while the contract for the Dow Jones is down significantly.

In China, declines slowed towards closing: the Shanghai index fell 0.2%, while the Shenzhen fell less than 0.1%. The Hang Seng Index fell 0.5%, with Shiomi leading with a decline of about 3% and Petruchina with a decline of 2.5%.

8:10

Trading in the Asian markets is taking place this morning in mainly price declines. In Japan the stock exchange is closed due to Culture Day. The Shanghai index is down 0.6%, the Hang Seng is down about 1%.

Shiomi Notable for negative in Hong Kong following a 3.5% drop in high trade turnover (second only toBank of China, Stably traded), and also the electric vehicle manufacturer Gili Loses height and decreases by about 4%. Petrochina Weakened in parallel with declines in crude oil prices.

After a volatile day ranging from sharp declines to rises, during which the dollar reached a 25-year low, the foreign exchange market is relatively stable this morning as the dollar and euro traded up 0.1% against the shekel. The dollar stands at NIS 3,135 and the euro at NIS 3,631.

Wall Street indices are trading in a negative direction, with investors waiting for an interest rate decision tonight. Last night US trading ended higher. The Dow Jones and S&P 500 added 0.4%, and the Nasdaq rose 0.3%.

During the day, the financial statements of a number of Israeli companies, including them, are expected to be published Rada , Ormat andSapiens The duality as well Culture , Radware , Politics andCaesar stone Which are not traded in Tel Aviv. Yesterday during the late trade Playtica lost 4.3%.

Tonight at 8:00 PM (Israel time) the US Federal Reserve will announce its monthly interest rate decision. And it is estimated that Governor Jerome Powell will announce a $ 15 billion-a-month reduction. In the opinion of Ofer Klein, head of the Economics and Research Division at Harel Insurance and Finance, in view of the slowdown in growth and fears of further morbidity, the governor will not commit to the date of completion of the purchases and will not hint at when the bank will raise interest rates. “Reducing central bank support will increase volatility in markets, equities and foreign exchange bonds, which has been relatively low over the past year and a half.”

In the US government bond segment, there have been moderate increases, with the yield on the 10-year bond standing at 1.55%.

In the commodity trading arena, the trend is negative: WTI crude oil is down 1.6% and Brent oil is down 1.2%, to $ 82.5 and $ 83.6 a barrel, respectively. Gold also weakened by 0.4% to $ 1,782 an ounce.

The crypto market is up slightly, with Bitcoin trading around $ 63.1 thousand and Ether continuing to break records and trade for over $ 4,500.

By Editor

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