Billionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted a big rotation out of growth and into value names. “It’s nuanced, but there are a lot of companies that will be direct beneficiaries [from a coronavirus vaccine], and they probably have further to […]
Category: Stocks Watch
Europe’s Energy Storage Market Is Fading, Right When It’s Needed Most
European energy storage deployment is set to shrink compared to other global markets, even as the need for flexibility on the grid increases, according to new research from Wood Mackenzie. Europe is still plotting the course toward being net-zero carbon by 2050, but no matter the shape it takes, it will surely involve hundreds of […]
Markets explode with euphoria but are they right?
Stock market historians may quibble but I certainly can’t remember a time when blue chip shares soared in the way some of them did today. The owner of British Airways, International Airlines Group (IAG) rose 40%, airline engine maker Rolls Royce up 33% while cinema owner Cineworld saw its shares rise 50%. Extraordinary, until perhaps […]
$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base
As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. The above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, […]
Dow futures rise more than 300 points after Biden win as post-election rally continues
Stocks were set to continue their big post-election rally as futures rose in early morning trading Monday. The gains came as Democrat Joe Biden defeated incumbent Donald Trump in the U.S. presidential race to become president elect, according to NBC projections. Futures on the Dow Jones Industrial Average rose 333 points, implying an opening gain […]
Netflix bets big on Asia as it sees ‘significant potential’ in these markets
Netflix is betting big on Asia-Pacific by investing millions of dollars into original and licensed content in major markets like India, a senior executive at the company told CNBC. When the tech company reported third-quarter earnings last month, it said nearly half of its paid membership growth came from APAC — the greatest share of […]
Biden win boosts global stock markets as Japanese shares soar to 29-year high
Financial markets around the world have received a marked boost in the wake of Joe Biden’s victory in the US presidential election, with Japanese shares hitting their highest level for nearly three decades and oil prices also climbing. Stock prices in Europe and New York were also expected to rise sharply on Monday after the […]
Brent crude tops $40 as Biden’s win buoys risk-taking
Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus pandemic. Brent crude futures (LCOc1) for January climbed 94 cents, or 2.4%, to $40.39 a barrel by 0710 […]
Analysis: Clouds gather over battered dollar in aftermath of U.S. election
An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday’s elections. A potentially divided U.S. government with Republicans in control of the Senate may […]
S&P 500 closes flat, but posts best week since April even with election undecided
Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. The S&P 500 ended the session down about 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped 66.78 points, or 0.2%, to end the day at 28,323.40. Energy […]
Hertz Is Now a Pink Sheet Stock That Is Completely Worthless
Hertz Global Holdings (OTCMKTS:HTZGQ) is now trading on the “pink sheets” as an unlisted security. On Oct. 30, the New York Stock Exchange filed SEC Form 25 and kicked Hertz stock off of the NYSE with immediate effect. This is an indication that Hertz stock has virtually no value and no one should be buying […]
Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi
A bitcoin rally to new 2020 highs has been slowed by lower spot volume. Meanwhile, some ether investors are moving capital out of DeFi. Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,190-$15,934 BTC near its 10-day moving average but above the […]