Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
European stocks closed higher, leading the DAX index, which rose 0.9 percent. In London, the Potassium 100 rose 0.2%, in Paris Cuck 40 it rose 0.1% and the Amsterdam 25 rose 0.5%. The pan-European Stokes 600 index rose 0.4%, led by stocks that rose 0.9%.
The US Consumer Confidence Index rose in June for the fifth consecutive month, to its highest level since the Corona plague. The index rose to 127.3 points in June, from 120 in May. 24.5% rated current business conditions as “good”, up 19.9 The labor market estimate also rose and 54.4% of consumers thought there were plenty of jobs, compared to 48.5% in the previous month, while 10.9% thought it was difficult to get a job, down from 11.6% in May.
The Nasdaq is up 0.4%, the Dow is down 0.1% and the S&P 500 is up 0.1%.
Stock Medivand Drops 28% after the company did not receive FDA approval.
Iron Source shares began trading today on the New York Stock Exchange. At this point the stock is rising around 2%. The value of Iron Source was $ 11.1 billion – the highest value ever for an Israeli company.
Positive trend on Wall Street: Nasdaq is up 0.1%, the Dow and S&P 500, with increases of 0.2% and 0.3%, respectively. The S&P 500 is also at an all-time high now.
The yield on 10-year US government bonds strengthens to 1.49%. The dollar strengthened 0.2% against the basket of currencies, but weakened 0.1% against the Japanese yen to 110.53 yen per dollar. The pound weakened 0.3% to $ 1.38 per pound and the euro fell 0.2% to $ 1.19 per euro. WTI oil is up 1.1% and is trading at around $ 73.7 a barrel, while Brent oil is up 1% at $ 73.4 a barrel. Gold weakened 1.3 percent to $ 1,757 an ounce.
Trading in the US opened today with a mixed trend. Nasdaq is down 0.2%, S&P 500 is up 0.2% and Dow Jones is up 0.5%.
Macro USA: House prices rose at an annual rate of 14.6% in April, compared with 13.3% in March, according to the Case Schiller index. The index of the top 10 cities rose by 14.4%, compared with 12.9% in March, and the index of the top 20 cities rose by 14.9%, compared with 13.4% in March.
The increases were led by the cities of Phoenix, San Diego and Seattle, all three of which saw prices rise by 20% compared to the previous year.
“The performance in April was truly exceptional,” said Craig Lazara, CEO and Director of Global Index Investment Strategy at S&P DJ, “A 14.6% rise in the national index is the sharpest in more than 30 years of Case Schiller data.”
Prices not only rose in all 20 cities, but all also recorded an acceleration in the rate of increases and were in the top quarter of historical performance. Five cities, Charlotte, Cleveland, Dallas, Denver and Seattle, recorded their sharpest annual growth.
Expected mixed opening on Wall Street: Nasdaq futures are down 0.2%, the Dow is up 0.2% and the S&P 500 is stable.
Among the stocks that focus pre-trade interest, UBS has cut its target price per share Tesla From $ 730 to $ 660 and maintained a “neutral” rating, the bank noted increased competition as well as operational delays; Boeing Won an order for 200 aircraft from United Airlines, which also ordered 70 aircraft from Airbus as part of the company’s fleet renewal; Facebook She crossed the $ 1 trillion mark in market value last night after a court ruling disqualified antitrust lawsuits, both local and federal, against the social media giant.
A number of large banks have announced a dividend increase after passing the Fed tests Goldman Sachs , Bank of America , Morgan Stanley , JP Morgan Chase andWells Fargo , When the last two doubled the dividend. Citigroup Left the dividend unchanged.
Iron Source shares will begin trading today on the New York Stock Exchange under the symbol IS, after the Israeli software company merged into an American company SPAC at a value of $ 11.1 billion, a record value for an Israeli company in the IPO.
Rises in Europe and stability in contract trading on Wall Street indices. Oil is trading slightly lower and a Brent oil contract is at $ 74.4 a barrel.
The positive trend in Europe continues, the DAX is up 0.5%, the Kak is up 0.2% and the Potsy is trading steadily.
Bank Morgan Stanley Recently purchased Bitcoin ETFs (GBTC) as a statement that they are making the purchase through Greecail’s certificate and not in any other way. According to Ron Tzarfati, Bit2C’s VP of Development, “This is another significant financial move by a large financial institution that acquires a significant amount of Bitcoin, similar to other huge entities like Tesla, which purchase Bitcoin as part of their balance sheet and understand they can no longer ignore Bitcoin as a legitimate asset. For hedging and investment. Banks that do not integrate with the growing trend of buying Bitcoin and entering the crypto field will lag behind and fail to compete with the new digital economy. “
Meanwhile, slight increases are recorded in the crypto market. Bitcoin is strengthening and approaching the level of $ 35,000 per unit, the etherium at about $ 2,140. The DogeCoin and Ripple have yet to return to the goals they recorded before the collapse that occurred in the market about two weeks ago, and they are trading for 25 and 67 cents respectively.
China’s stock markets have closed lower. Shanghai lost 0.9%, Shenzhen shed 1% and Hong Kong 1.1%. Hainan Airlines retreated 1.4%, and energy companies also recorded declines
Trading on Wall Street futures is mixed, with the Dow Jones up 0.1% and the NASDAQ declining at a similar rate.
Stock Nike Won a “strong buy” recommendation in a review by Dr. Ron Eichel, chief analyst at Colmax Capital Markets. The review shows that in North America, Nike’s largest market, sales more than doubled to a record $ 5.38 billion. Digital sales also rose 41% Compared to the previous year and soared by 147% compared to the same period in 2019. “The stock is in a strong buying position for the coming week. The momentum indicator is positive. The support line is at the $ 85 level. The resistance line is at the level of $ 172.95, “the review said.
European stock markets opened in a positive trend, with the DAX rising by 0.6% and the Potsy and Kak strengthening by 0.4%. The Milan and Madrid stock exchanges are also advancing.
While in Tokyo there were declines in car companies, in Europe there were increases in the industry. Among the prominent stocks this morning: Deutsche Bank, Volkswagen, Siemens and BMW are rising in Frankfurt. In London, there have been increases for Barclays, the Barbary Group, Vodafone and Rolls-Royce. In Paris, Renault, Michelin and Airbus stand out positively.
The Nikkei closed down 0.8%, with Mitsubishi losing 1.5% in high-trading turnover, Nissan down 2%, Mazda down 1.4%, and Toyota down 1%.
In China, the negative trend continues, with the Shanghai and Shenzhen indices losing close to 1% and the Hong Kong Stock Exchange retreating 1.2%.
Asian stock markets are trading in a negative trend today and the leading stock indices are retreating at rates of up to 1%. Trading in U.S. stock market indices is down slightly after trading on Wall Street closed yesterday with a mixed trend.
The Dow Jones lost 0.4% but the Nasdaq strengthened nearly 1% and the S&P 500 by 0.2% to a new high. Facebook jumped about 4% after a complaint about its monopolistic power was reportedly rejected. For the first time, the company ends a trading day worth A market of more than a trillion dollars.
The yield on 10-year US government bonds stabilizes at 1.48%.
In the commodities segment, a Brent oil contract is down slightly and is trading at $ 74.3 a barrel. Gold is also trading down $ 1,774 an ounce.
In the crypto market, there has been some stabilization, following the high volatility of recent days. Bitcoin is recording a slight increase and is currently trading at $ 34,800, etherium stabilizing at $ 2,120.
The largest merger of an Israeli company to SPAC has been completed, and today (Tuesday) the share of Iron Source will begin trading on the New York Stock Exchange under the symbol IS. The company, which has developed a platform for game and application developers that allows them to turn their applications into successful businesses, has been merged with the American SPAC company Thoma Bravo Advantage at a value of $ 11.1 billion.
The merger transaction includes a $ 2.15 billion cash component, which includes a $ 1.3 billion PIPE (private investment) in addition to the SPAC’s trust funds. Upon completion of the transaction, Iron Source received approximately $ 660 million in cash (after payment of transaction expenses).