Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The trading day on the European stock exchanges opened in a positive trend, with the Dax index climbing 0.6%, the Kak and Potsy rising by 0.4% and the other major stock exchanges also recording price increases.
Prominent for bank and vehicle shares in Europe, for example in Germany BMW Climbs 1.5% andDeutsche Bank Rises 0.9%, in London increases are recorded at Lloyds , Charter standard , Rolls Royce , Barclays And HSBC, Paris Bank Society General Climbs 1.5% and also at Credit Agricole andRenault Increases are recorded.
In Asia, trading in Tokyo closed down 0.2%, and the Shenzhen Stock Exchange rose 1.6%. In Shanghai and Hong Kong, trade is still on a positive trend.
Oppenheimer Investment House has updated its review for the company Solaredge – which presented strong results for the second quarter 2021 and provided a forecast above expectations for the next quarter. “The company maintains stability in its gross profit margin, despite rising chip prices and transportation costs, thanks to careful supply chain management and advance inventory construction. “Watt for 2022, and an acceleration in independent battery production is expected thereafter. Oppenheimer’s analysts estimate the revenue potential from self.battery production at a plant in Korea at about $ 300.400 million above forecast, but at present maintain the neutral perform recommendation.“
Leumi Partners updated their recommendation for the stock Tower – Technology analyst Omri Lapidot updated the target price for the Tower share to $ 32.9, a price that reflects an upside of 12.3%: “Quarterly reports were above consensus and the company increased forecasts above market expectations in the next quarter. In our estimation, the high demand currently exists in the semiconductor market. “Significant growth in the company’s results in the near future. We are giving the stock a target price of $ 32.9 on the BUY recommendation.“
Asian stock markets are posting mostly gains this morning, with Shanghai up 0.6%, Shenzhen up 0.9% and the Hang Seng Index up 1.5%.
On the other hand, the Nikkei in Tokyo weakened by 0.3%, partly due to sharp declines in high turnover of Sojitz Corp, Sumitomo Chemicals, Kawasaki and Marubi Corps. At the same time, Z Holdings (formerly Yahoo! Japan Corporation) jumps nearly 10% in huge trading turnover, having released strong quarterly results with handsome growth in its profits.
More in the reports section: Today, before the opening of trading in the US, reports will be published General Motors andKraft Heinz Reports will be published during the day CVS , Fox and.MGM , And upon completion of trading will publish Booking andUber – Among the Israelis who will also publish today’s results: Politics , Monday , Lemonade andCaesar stone – Reports from Sony, Honda, Isuzu, Yamaha and more will be published in Asia.
Two days after the price of oil was cut by more than 3%, relative stability was recorded in the sector. WTI oil weakened 0.1% and is now trading at $ 70.5 a barrel, Brent crude is strengthening at a similar rate, to $ 72.5 a barrel. Yesterday the drop in the price of oil dragged the oil and gas index down 2.9%.
The crypto market is experiencing slight price declines, and Bitcoin is slowly erasing the impressive rise it recorded last week. It is now trading for less than $ 38,000, down about $ 4,000 in a matter of days.