Stock Market Stallions
Hennessy Capital Acquisition Corp IV Class A (NASDAQ: HCAC) has recently gained a fresh vote of confidence from investors. The Special Purpose Acquisition Company (SPAC) has seen an impressive gain of 34% in the share price over the past month. On August 18th, the company announced it had reached a definitive agreement with Canoo, a high growth EV manufacturer to merge both companies.… Read more
Workhorse (NASDAQ:WKHS) investors are gearing up for an announcement from the United Stated Postal service (USPS) regarding their $6 Billion deal to revamp their delivery vehicles. WKHS surged 12.62% on Friday as Roth Capital analyst Craig Irwin noted that Workhorse was best fit for the USPS deal.… Read more
Johnson & Johnson announced this morning that they have entered a “definitive agreement” to acquire Momenta Pharmaceuticals at $52.50 per share. The acquisition has been confirmed as an all-cash transaction, which has been approved “unanimously” by the Board of Directors from both J&J and Momenta. The acquisition is set to be finalised later this year, assuming all the closing conditions are met by both parties in the tender process.… Read more
JP Morgan Chase & Co (NYSE: JPM) alongside other corporate giants will face the music this week as they are set to release second-quarter earnings for 2020. The timing of the JP Morgan earnings report will be on Tuesday, July 14, 2020. While the investor conference call will commence at 8:30 a.m.… Read more
Credit Suisse announced its intention to delist the popular Exchange Traded Note VelocityShares Daily 2x VIX (TVIX). Alongside 8 other publicly listed ETN’s, TVIX will no longer be traded on the NASDAQ effective of July 12th while new issuances suspended on the 3rd of July. If you aren’t completely familiar with ETN’s we will breakdown what they are and what happens when they delist from a public exchange such as the NASDAQ.… Read more
Written by Sergeo Domtchenko
Trying to make sense of all the movements this week has left many investors with a migraine. Bouncing around between significant gains & losses, the ASX 200 gathered momentum to finish the week 1.6% higher at 5942.6 points. This marks a 30.7% increase from the market lows that we experienced on March 23.… Read more
The demand for oil is at a nightmarish level. The lack of travel, the signifcant omission of cars in a stay at home economy, and the Russia-Saudia Arabia oil war are causing the oil crisis. The first two problems stem from COVID-19, which should dissipate. However, Russia- Saudi Arabi, and OPEC hold the future direction of oil in the palms of their hands.… Read more
The DAX is an index made up of some of the largest companies within Germany listed on the Frankfurt Stock Exchange. The companies listed on the DAX must meet specific criteria – a testament to the high quality these companies display. The DAX data over a period of 42 years – is relatively linear (inc.… Read more
Despite the false bull market the Australian markets failed to maintain their positive momentum throughout the week. The ASX 200 slipped on Friday to close out the week 0.96% lower at 5497 points. However, this was not enough to erase the gains that were made by Moderna’s positive vaccine results
However, this week saw renewed tensions between the U.S.… Read more
Before COVID-19, the tensions between the US and China were rising. The two economic powerhouses are already fighting over the origins of the virus, a trade war would see the relationship sink further. Many experts say that China and the US are in a “new type of cold war”.… Read more
Written by Sergeo Domtchenko
It seems that the Aussie markets have hit a rough patch. Bouncing around between substantial gains and losses, the ASX 200 finished the week 0.25% higher at 5404.8 points. Culminating the seventh time in eight weeks that the index saw overall weekly gains.… Read more
Written by Sergeo Domtchenko
It seems like the bears still have their claws well entrenched in the market. The bears are not letting go. All the weekly gains evaporated as the ASX 200 plummeted by more than 5% on Friday. Marking the single most significant daily drop over the past five weeks.… Read more