Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The Dow Jones industrial average is down 0.1% and the Nasdaq is down 0.5%.
Stock Wal-Mart Is trading up 1% ahead of the release of its reports tomorrow.
Sonos is soaring by about 8% following a court ruling that Google infringed the company’s patent rights.
The declines in New York are moderating and the leading indices are now retreating 0.2% -0.9%. The yield on 10-year US government bonds drops to 1.25%.
European stock markets closed down up to 0.9%.
Among Israeli stocks, Annalebx rises, Nova , Nice , Amdocs and Elbit Systems.
The declines in US stock markets are exacerbated by the Nasdaq index, which is now down 1.2%. Modern shares, Tesla, Monday Robin Hood, Sentinel One, Iron Source andNeo Prominent in sharp declines.
Slight declines on Wall Street at the opening of trading. The leading stock indices retreat by about 0.3%.
Notable declines are recording stocks Modern , Tesla and Novax.
The U.S. Highway Safety Agency announced today that it has begun investigating accidents involving cars of Tesla With emergency vehicles, especially during the hours of darkness. The investigation will include about 765,000 Tesla cars, after 17 people were injured in accidents.
The defense company Rada announced today the signing of a memorandum of understanding for the establishment of a joint venture with ADTL (Alpha Design Technologies), which deals with R&D and manufacturing and focuses on the Indian defense industry. , To the Indian market. The venture will be held in equal parts by the two companies, but Rada is not expected to invest sums of money in its establishment – it brings its technology and knowledge. It is estimated that the Indian market for radars is very large, about $ 1.5 billion. Rada’s forecast for this year is $ 120 million.
The negative trend continues in most world markets, including the European stock exchanges, Wall Street futures and the oil market.
Oppenheimer Investment House has begun surveying the company Culture Israeli, a provider of cloud-based solutions for video management, recommended by Outperform with a target price of $ 15. “The company is expected to enjoy increasing trends in the use of video content, while increasing its share of the dispersed market, in light of the technological advantages of the cloud platform.
“We estimate that Cultura will improve its customer retention rate to 110%, while expanding its product portfolio into conferences, virtual events, smart TV and more, in addition to global expansion. We expect the company to have revenues of $ 162 million in 2021 and $ 210 million in 2022, annual growth of 34% and 30% respectively, with a reduction in losses in parallel with an increase in revenue turnover, “the stock review said.
The declines in Europe continue, with the Ducks losing 0.5%, Potsey falling 0.9% and Kak shedding 0.6%.
Commodity markets are still declining, with oil weakening by 1%, natural gas by 0.7% and gold trading relatively stable. The crypto market has slight price increases.
In China, trading closed with a mixed trend. The Shanghai index rose very slightly, China 50 closed steadily and Shenzhen lost 0.7%. The Heng Seng Index lost 0.8%.
European trading day opened in a negative trend, with 0.6% declines for Dax and Potsey and 0.8% for French Cac. In Vienna and Lisbon there are slight price increases.
In Frankfurt, declines are noticeable at Adidas , Deutsche Bank , Volkswagen A.J. andSiemens . In London the fuel company BP Cut by 2% against the background of falling oil prices, and also Lloyds , Rolls Royce andBarclays Record declines.
In Asia, too, the negative trend continues and now the Heng Seng index is losing 0.9%, while the Shenzhen index is down 0.7%.
The Nikkei in Tokyo closed down 1.6%, led by energy companies Eneos Holdings, Mitsubishi Bank, Nissan, Nomura, Rakuten, Softbank and Mitsubishi Motors. In Sydney, trading closed down 0.6%.
In China, the gains recorded so far in the Shanghai and China 50 indices have been erased. The Shanghai index is now trading steadily, the China 50 is losing 0.1%. Hong Kong saw a 1.2% decline, led by automaker Geely, among others.
Trading in Asia is on a mixed trend this morning, and while the Shanghai and China 50 indices are up slightly, the Hang Seng is down 0.7% and the Nikkei index is down 1.7%.
The declines in Tokyo are led by, among others, energy company Eneos Holdings which loses 3% in the highest trading volume in the index, Mitsubishi UFJ Financial Group (Mitsubishi Bank) falls by 1.5% in the second largest trading cycle, Softbank falls by 2%, Nissan falls 3.5% and Mitsubishi retreats By 1.3%.
Also in Wall Street futures the trend is negative. The contract for the Dow Jones is down 0.3%, the contract for the S&P 500 is down 0.2% and the contract for NASDAQ is down 0.1%. The US bond segment is also down sharply. The yield on the 10-year bond drops to 1.25%, with the previous trading week ending at 1.34%.
Crude oil prices are down about 1% this morning, and a barrel of Brent oil is once again trading at just under $ 70. WTI oil trades at $ 67.5 a barrel.
Compared to the trend in the financial markets in the world, in the crypto market the screens are green. Bitcoin continues to strengthen and trades this morning for $ 47.4 thousand, ether still hovering around $ 3,270. The ripple currency completes a weekly jump of 65% and trades for $ 1.28.