Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Trading on Wall Street closed higher today: NASDAQ climbed 0.9% and Dow Jones and S&P 500 added 0.8%.
Oil is soaring by 4.5%. Bitcoin has added 6.2% in the last 24 hours and the price of digital currency stands at $ 31.6 thousand.
Kaltura jumped 20%, Chipotle Added 11.5% andModern Increased by 4.5%. Netflix Lost 3.3%.
Cultura rose 16.4% on the first trading day on Nasdaq. The Israeli technology company issued a second attempt at a value of $ 1.24 billion and with a raise of $ 150 million. May increase by $ 22.5 million if the underwriters in the offering exercise an option to purchase additional shares at the offering price within 30 days.
Trading on Wall Street stock exchanges is currently on the rise. The Dow Jones and S&P 500 climb 0.7% and the Nasdaq adds 0.6%.
Oil soared 4.8 percent to $ 70.4.
Stock Modern Increases by 4.8%. The pharmaceutical company’s share joined the S&P 500 today.
Stock Chipotle Jumps by 12%. This is after the Mexican food chain released better-than-expected results. The company’s revenue jumped 32% to $ 1.89 billion.
Stock Netflix Loses 4.2% after publishing disappointing reports yesterday. Netflix posted $ 2.97 earnings per share in the second quarter, compared to analysts’ forecasts of $ 3.16. Revenue was $ 7.34 billion, slightly above the $ 7.32 billion forecast.
The trading day in Europe ended with beautiful price increases. The DAX rose about 1.4%, Potsey and Kak about 1.8%. European banks stood out, most notably Deutsche Bank, which jumped 4%.
On Wall Street, the positive trend continues, with the Dow Jones and S&P 500 rising 0.6% and the Nasdaq advancing 0.5%.
Bank of America Rises 2%, and increases are also recorded at Coca-Cola, Verizon, oracle , Wells Fargo , Anvidia , Citigroup andBoeing .
In the US, crude oil inventories data were released for the past week, according to which inventories jumped by 2.1 million barrels, while analysts expected a decrease of 4.4 million barrels. Last week inventories fell by 7.8 million barrels. Despite large inventories, oil continues to climb. WTI jumped 4.3% to $ 70.1 a barrel, and Brent crude rose about 4% to $ 72 a barrel.
The streaming giant Netflix Loses 2.7% in response to its results for the second quarter of 2021, which it announced last night after the end of trading. The company showed a lower-than-expected increase in the number of subscribers and missed analysts’ forecasts in the profit line, but overtook them slightly in the revenue line. Netflix posted $ 2.97 earnings per share in the second quarter, compared to analysts’ forecasts of $ 3.16. Revenue was $ 7.34 billion, slightly above the $ 7.32 billion forecast. The number of subscribers amounted to an addition of 1.54 million subscribers compared to forecasts for an addition of 1.75 million.
The communications company Verizon Climbs after posting slightly better quarterly results than forecast, where earnings per share were $ 1.37 (compared to an expected 1.3) and revenue was $ 33.7 billion (compared to an expected 32.7 billion).
AMC Returning to the interest of investors today, and climbing above 8%. The company announced this morning the appointment of CEO Adam Aron to the position of new chairman of the board.
Trading on Wall Street opened with price increases. The Dow Jones is up 0.6%, the Nasdaq is 0.3% and the S&P 500 is up 0.5%.
Chipotle jumps above 8% after publishing good reports before opening trading (see report from this morning), and Carnival, Anvidia, Check Point and Boeing are also recording gains.
Coca-Cola Climbs after announcing its results for the second quarter of the year – which passed the 2019 levels and led to an increase in the forecast for the entire year. The company posted earnings of 68 cents a share compared to analysts’ expectations of 56 cents, and revenue was $ 10.13 billion compared to the expected $ 9.32 billion. The company’s net profit was $ 2.64 billion in the second quarter, compared to $ 1.78 billion last year.
also Johnson & Johnson Released results, where earnings per share were $ 2.48 compared to an expected $ 2.29. Revenue exceeded analysts’ forecasts of $ 23.3 billion. The stock is slightly weaker.
In Europe, gains continue to be recorded, with the DAX rising 1%, the Kak advancing 1.6% and the Potsy 1.7%. The big European banks continue to lead the trade, and especially Lloyds , Charter standard andBarclays The British, Deutsche Bank The German, Credit Agricole Frenchman, Italian Investa Sao Paulo andBanco Santander The Spaniard.
In the commodity market, there is an increase of over 2% in both types of oil, with WTI oil rising to $ 68.7 per barrel and Brent oil rising to $ 70.8 per barrel. Gold, on the other hand, weakened slightly to $ 1,799 an ounce.
Rises in Europe are moderating: the Potassium Index is up 1.3%, the Kak is up 0.9%, and the DAX is up 0.3%.
Software companies SAP and Avast are losing 4.2% and 2% respectively.
Bitcoin is now traded at a value of more than $ 31,000. In the last day, the currency has risen by 5.8% – but it is still down 3.6% from last week. Etherium adds 9.9% and is currently trading at $ 1895.
Rises in Europe continue: the DAX is up 0.8%, the Potsy is up 1.6%, and the CAC is up 1.3%.
Deutsche Bank climbs 2%, Renault rises 3.1%, British fashion chain Next adds 7.8%.
Rises in Europe continue to rise. The Kak index is up 1.2%, the Potsy is up 1.4% and the DAX is up 0.5%. Increases of more than 1% are also recorded in the pan-European Eurostox 50 index, Amsterdam, Madrid, Milan, Vienna, Stockholm and Brussels.
Trading on Wall Street futures has also moved into a positive trend. Contracts for the Dow Jones are up 0.6%, for the S&P 500 are up 0.4%. The contract on the Nasdaq is trading steadily.
In the commodity market, there are now price increases of 0.5% on oil. A barrel of WTI oil trades at $ 67.5, while a barrel of Brent oil will cost $ 69.7. Accordingly, there are increases in energy companies – including Siemens Energy in Frankfurt, Royal Thatch’s and BP in London and Total Energy in Paris.
In Shanghai trading closed up 0.7%, the Hong Kong index fell slightly.
European trading day opened in a positive trend with a 0.6% increase in the Kak and Potsey indices. The Dax index is trading steadily, with slight ups and downs. Also in Amsterdam, Madrid, Milan, Zurich, Vienna and Stockholm the momentum is positive.
The increases in trade are led by the major European banks, including Lloyds, Barclays, the Scottish NetWest and the French Credit Agricole. Deutsche Bank, on the other hand, recorded a slight decline.
The crypto market is recovering from price declines yesterday, and Bitcoin is trading at $ 30.8 thousand – an increase of more than a thousand dollars since last night.
In China, the Shenzhen index closed up 1.4%, while the South Korean Kospi index lost 0.5%.
The Japanese stock market closed higher, with the Nikkei up 0.5%. In Australia, too, there were increases in the lockout and the Sydney index added 0.8%. In Taiwan, trading closed down 0.4%.
In Asia there is mixed trading this morning, with the Nikkei in Tokyo rising 0.5%, Shanghai climbing 0.6%, Shenzhen and Sydney advancing above 1%. On the other hand, the Hong Kong index is losing 0.3% and declines are also being recorded in Taiwan and South Korea.
In Japan, car stocks stand out, with Mitsubishi, Nissan, Toyota, Mazda, Honda and Isuzu recording decent increases. In Hong Kong, Shiomi is down about 2%, and there are also declines at the Chinese Industrial Bank, Petruchina and WuXi Biologics.
In the commodity market, and especially in the oil region, declines are still being recorded. Both types of oil are down 0.6%, with the WTI oil contract trading at $ 66.7 a barrel, while Brent crude at 68.9 a barrel. Today at 17:30 (Israel time) the crude oil inventory data in the US will be published. Last week, the inventory decreased by 7.9 million barrels, compared to an expectation of 4.3 million barrels. This week, analysts expect an inventory decrease of 4.46 million barrels of crude oil.
The reporting season in the US is at its peak, and today results are expected to be published, among other things, Coca-Cola , Johnson & Johnson , SAP , Seagate , The communications company Verizon , Company ASML Dutch (among the largest in the world in the semiconductor industry) and more.
Chipotle , The Mexican fast food chain, posted strong results after ending trading last night, indicating earnings of $ 7.4 per share (compared to analysts’ expectations of $ 6.5 earnings), and revenue also slightly exceeded forecasts and stood at $ 1.89 billion.
Trading on Wall Street closed yesterday with good gains: the Nasdaq and Dow Jones indexes rose 1.6%, the S&P 500 rose 1.5%. This morning there was a mixed trend in futures trading. The Nasdaq contract is down 0.1%, the contract The S&P 500 is trading stably and the contract on the Dow is recording a slight increase.
The US bond market strengthened last night, and now the yield on the 10-year bond stands at 1.21% – when before the opening of trading on Wall Street yesterday it fell to only 1.13%.
The crypto market has seen slight price increases, and Bitcoin has returned to trading above the $ 30,000 threshold – but it is still down by close to 8% within a week. Atherium trades around $ 1,869, the Dogecoin rises slightly and trades for 18 cents.