Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Mixed lock in New York. The Dow Jones maintained stability while the Nasdaq climbed about 0.4%.
The yield on 10-year US government bonds fell slightly to about 1.64%.
Significant increases were recorded by HP, Anvidia, Weeks and AMD. On the other hand, shares of the Gap and Nordstrom retail chains fell by 24% and 29%.
The minutes of a meeting of the Fed’s Open Markets Committee, released today, show that committee members are considering accelerating the reduction of the quantitative easing program, against the background of rising US inflation.
At the next meeting, which is expected to take place on December 14-15, committee members will likely discuss a faster reduction in quantitative easing. The program is currently scheduled to be completed by mid-2022.
The minutes also show that a number of members think that the advance of the date of raising interest rates in the US should be discussed, if the rate of inflation does not fall and the high growth rate continues.
Prominent increases are recorded Weeks , Faber, Anvidia , Zilinks, Abogen, Spark Networks , Selzion, Nano Dimension And foresight. On the other hand,
European stock markets have closed in a mixed trend. On Wall Street, too, the trend is mixed now, with the Nasdaq index moving slightly higher while the Dow Jones retreated 0.2%.
The yield on 10-year US government bonds is stabilizing at about 1.65%.
In the commodities segment, oil contracts are trading steadily. In the crypto arena, Bitcoin is down 1.6%. And trades around $ 56,700.
Stock HP Jumps by about 10% after the company released strong reports. Stock Ormed Stands out with an increase of about 20% and nano-dimensioning increases by 5.5%. On the other hand, Magic drops by about 6%, Zim By 3% and Compugen decreases by 2%.
Company Global-E Announced the acquisition of the American company Flow Commerce, which engages in a similar field but caters to smaller retailers and brands, as opposed to Global-E. The scope of the transaction is up to $ 500 million, $ 425 million of the amount will be paid upon completion of the transaction and an additional $ 75 million based on the financial results of 2021. Another $ 45 million will be transferred in Global-E shares to Flow options. The acquired company is expected to generate net revenue of $ 20 million this year. The deal will close during the first quarter of 2022.
A negative trend in the opening of trading on Wall Street. Leading stock indices are down 0.5% -0.9%.
Prominent declines are recorded Gap , Tesla , Monday , Modern Veribian.
Initial claims for unemployment benefits in the United States last week stood at about 199,000, the lowest level since 1969. Economists 0 expected about 260,000 claims.
Wall Street futures signal that the trading day will open with price declines. The contracts on the three major indices weaken by about 0.3%.
Politics andLocust Robotics Israeliness stands out in the pre-season with an increase of about 4.5%, and also Ormed Strengthens in parallel with its recovery here in Tel Aviv. Nordstrom Dives 25% after falling 23% in late trading after publishing reports. The company ended the quarter with earnings of 39 cents a share – up from 34 cents a share in the same quarter last year, but missed analysts’ forecasts of earnings of 57 cents a share. On the top line, it met forecasts: Revenue grew 18% to $ 3.6 billion, compared to $ 3.5 billion.
also Gap Crashes in early trading by about 20% due to weak reports and disappointing forecast. The fashion company posted a loss of $ 152 million in the third quarter, compared to a profit of $ 95 million last year. Revenue was $ 3.94 billion, with analysts expecting $ 4.43 billion. The company cut its adjusted annual earnings forecast to $ 1.40-1.25 per share, compared to an earlier forecast of $ 2.25-2.10 per share.
After a positive opening, trading in Europe is now mostly taking place in price declines. The DAX is down 0.6%, the Potsy is down 0.1% and the CAC is down 0.5%. In Vienna, Zurich and Brussels the trend is positive.
In the commodity market, the increases recorded on crude oil were deleted and now there are decreases of about 0.2% in both types of oil. Gold is up 0.3% to $ 1,790 an ounce. The crypto market is relatively stable.
Colmax Capital Markets updated their recommendation for a stock Nice The dual. According to Chief Analyst Dr. Ron Eichel, NICE raised its annual revenue forecast to $ 1.91-1.90 billion, compared to previous estimates of $ 1.86-1.84 billion, with analysts expecting revenue of $ 1.85 billion in 2021. NICE raised The adjusted earnings forecast is $ 6.53-6.43 per share, compared to a previous forecast of $ 6.46-6.26 per share and the market expects an annual adjusted earnings of $ 6.37 per share. The Oscillators indicator and stock momentum are on Sell, “he concluded.
The day of trading on the European stock exchanges opened in a positive trend, after price declines were recorded yesterday. While the Dax index is trading steadily, Potsy and Kak are up 0.3% and also in Amsterdam, Milan, Zurich and Brussels there are gains.
In Asia, mixed trading took place as Shanghai and Hang Seng rose 0.1% while Shenzhen fell by a similar rate. Shiomi stood out in Hong Kong with a 7% drop in the highest trading volume in the index gap. Petrochina rose 2% in light of rising oil prices, electric vehicle maker Gili lost 3.8%.
In the foreign exchange market, the shekel weakened against the dollar and the euro. The dollar traded at NIS 3,143 and the euro at NIS 3,535.
Trading in Asian markets is on a mixed trend this morning, with the Nikkei losing 1.6% led by Softbank, Rakuten and Z Holdings (and yet Mitsubishi Motors soared 5% and Nissan 4.3%), and the Shenzhen index shed 0.2%. Shanghai, on the other hand, is up 0.3% and Hang Seng is up 0.4%.
Shiomi falls in Hong Kong by more than 7% due to a disappointing growth rate and reaches a low of more than a year. The difficulties in the supply chain and the global shortage of chips have brought the company Provide a disappointing forecast for the fourth quarter as well and it expects a calm only in the second half of 2022. Still, it expects to deliver 190 million smartphones by the end of the year – an increase of about 29% from last year. Shiomi’s revenues rose 8% to $ 12.2 billion, according to analysts’ forecasts, and net profit fell 84% to $ 123 million in investment losses.
Futures are signaling a mixed opening today on Wall Street, with contracts on the Nasdaq slightly rising. Macro data in the U.S. will be released today, including growth data, number of unemployment claims, new home sales and crude oil inventory. Some of the data is usually published on Thursdays, but tomorrow on Wall Street during Thanksgiving. In the evening, the minutes of the US Open Market Committee meeting will be published.
Trading on the New York Stock Exchange closed last night in a mixed trend and the 10-year US government bond yield rose to 1.68%, a six-month high. Today it drops to 1.62%. Gold weakened Wednesday in a row amid rising bond yields and a December delivery contract fell 1.2 percent to close at $ 1,783.8 an ounce. Today it is slightly up to $ 1,795 an ounce.
Oil prices rise after the announcement yesterday of the international move to release strategic reserves led by the US. The WTI oil contract for delivery in December rose by 2.3% yesterday and today adds 0.4% to the price of $ 78.8 a barrel. -0.3% at $ 82.5 a barrel.