Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Mixed lock in New York. The Nasdaq index rose by 0.2% and the Dow Jones fell slightly.
Modern stood out with an increase of about 17% and Nova.Vox jumped by 12% against the background of the continued spread of the Delta variant in the world. Among Israeli stocks, Faber rose 5.8%.
The mixed trend continues in New York. In the crypto arena, Bitcoin jumps more than 5% and trades around $ 45,850.
In commodity trading, a WTI oil contract is down 2.5% to $ 66.6 a barrel as the Delta virus continues to spread around the world. Gold is down 1.9% to $ 1,730 an ounce.
A mixed trend in New York. The NASDAQ index is up 0.1% and the Dow Jones is down slightly.
Stock Faber Records a sharp rise after sharp declines in recent days. Also prominent are modern stock increases, Nova.Vox Ormed and Fertility.
European stock markets have closed in a mixed trend.
In his weekly review, Ari Wald of Oppenheimer reiterates his positive recommendation for the U.S. stock market, estimating that the stabilization of the recent uptrend provides support for the continued long.term uptrend. In addition, he estimates that the current 10.year US government bond yield level Marks the low point from which a recovery may emerge, which should support the general stock market.However, the strengthening of the dollar against the currency basket poses a risk factor to oil and commodity prices, thus favoring Oppenheimer’s technical strategist cyclical investment channels with strong momentum.
Significant increases record stocks Modern , Ormed And Unlabux. On the other hand, Siva stands out in a sharp decline.
Mixed opening on Wall Street. Robin Hood shares are up sharply.
New York Trading Day is expected to open with a mixed trend. Bitcoin jumps more than 4% to a price of $ 45,700.
Siva Reported today a 21% increase in second quarter revenue, compared to the same quarter last year, to about $ 30.5 million. GAAP net income was $ 300,000, 1 cent per share, compared to a net loss of $ 1.1 million, 5 cents per share, in the same quarter last year. Based on revenue for the first half of the year and business visibility for the rest of the year, the company raises its annual revenue forecast to $ 119.121 million, compared to a previous forecast for revenue of $ 116.117 million. The new forecast reflects growth of about 20% compared to 2020.
Europe is slowly moving into the negative territory. The DAX is down 0.2%, the Potsy is down 0.4% and the Kak index, which has traded steadily so far, is now down 0.1%.
In Frankfurt it stands out Deutsche Bank Which loses 0.6%, in Iyar Which decreases 0.3% and also decreases in Daimler andHeidelberg Cement – Car companies are also weakening, BMW Decreases 0.6% andVolkswagen Withdrew by 1%. The British energy giant BP Falling 2.2% in parallel with falling oil prices, and Lloyds, Rolls.Royce, IAG and Glencore also recorded declines in London. French Bank Credit Agricole Decreases 0.4%, Renault Cut by 2.8%.
Contracts on Wall Street show a mixed trend. Contracts for the Dow Jones and S&P 500 are falling slightly, while the Nasdaq 100 is expected to strengthen.
Trade in Europe continued in a mixed trend, and now the declines are intensifying. Dax erased the rise he recorded earlier in the day and now losing 0.1%, Kak is trading steadily. The London Potassium Index is down 0.2%.
Oil prices continue to fall and are now losing about 4%. The declines are largely due to fears that new restrictions related to the corona virus in Asia, particularly in China, could halt the global recovery in demand for fuel. This, following the accelerated spread of the Delta variant. WTI crude fell to $ 65.4 a barrel, and Brent crude to $ 67.9.
Trading on Wall Street contracts is changing direction slightly, and now contracts on the Nasdaq 100 are rising slightly, while contracts on the Dow Jones and S&P 500 are still weakening.
The Asian stock markets closed mainly in a positive trend, with a 1% increase in Shanghai, 0.7% in Shenzhen, 0.3% in Hong Kong and 1.7% in the China 50 index.
European trading day opened with a mixed trend, with Dax and Kak rising 0.1% but the Potsy weakening close to 0.2%. The departures in London are led by, among others, the airline group and owner of British Airways IAG , Rolls Royce And the energy company BP –
Colmax Capital Markets updated their recommendation for Teva shares after the company published reports and reduced its annual revenue forecast. According to chief analyst Dr. Ron Eichel, “Estudo ‘and’ Ajobi ‘sales were disappointing and, among other things, were the reasons why Teva did not meet its revenue forecast. However, Ajobi’s level of penetration into new markets is quite high and there is high optimism from it. At the same time, we will mention that Teva owes about $ 24 billion and that a heavy legal case – the opioid – could have an impact on the company’s financial strength. Technically, the stock is in a selling position for the coming week. The momentum indicator is positive. The support line is at the level of 2,087 cents. The resistance line is at the level of 4,366 ag.
Rises in Asia continue, while the Sydney Stock Exchange has closed steadily. The Shanghai Composite Index is up 0.9%, Shenzhen is up 0.7% and Hong Kong is up 0.3%. The China 50 index, which has the 50 largest companies in the country, climbs 1.7%.
Wall Street futures still show slight declines of about 0.3% each. In the oil market, declines intensified to 2.5%, so WTI oil traded at $ 66.5 a barrel and Brent oil at $ 69 a barrel.
Today the stock exchanges in Japan and Singapore are on vacation, and in other Asian stock exchanges there are mainly increases. The index in Shanghai is up about 1%, Shenzhen is up 0.4% and Hong Kong is up 0.9%. Australia and India are also rising, while the Taiwanese index is down 0.6% and Indonesia is also weak.
In Hong Kong, there have been adequate increases for regional banks and technology companies, which have weakened in recent weeks, including Tencent, Shiomi and Mytuan, which are up 3.3%, 1.7% and 5.2%, respectively. Alibaba loses 2.6%.
Reporting season: Kia, Samsung SDI (Samsung’s Battery Division), Hyundai and LG will be released in Asia today. In the US, Tyson Foods will publish. Tomorrow, the Softbank Group will report on its quarterly performance.
Wall Street futures are down 0.1% to 0.4%, signaling that the U.S. trading week may open with price declines.
There are also declines in the commodities sector, and both types of oil are losing almost 2% of their value. A barrel of WTI oil trades for $ 66.9, a Brent barrel for $ 69.4. The crypto market also has declines compared to yesterday, but Bitcoin is still at a relatively high level in recent weeks and is trading at $ 43.5 thousand. This is a rate about 10% higher than a week ago. Heather is approaching a level of $ 3,000 per unit.
Alex Zabrzynski, Meitav Dash’s chief economist, commented on China’s regulatory moves, which also overshadow the stock market and especially technology companies, noting that growing concern is that regulatory interventions are not temporary but signal a turning point in economic management through more governmental decisions versus reliance on market forces. “In our estimation, this change is expected to have a negative economic impact on the Chinese economy over time. In the past week, other areas have emerged that the authorities are dissatisfied with: Sharpness in the shares of companies engaged in the field; News of the publication of a directive for the preference of local procurement was published, in violation of agreements with the United States and the rules of the International Trade Organization.