Day: July 21, 2020

S&P 500 News: Oil Stocks Surge on $2 Trillion EU Stimulus Deal, Will Tesla Join the Index? – Motley Fool
Stock News

S&P 500 News: Oil Stocks Surge on $2 Trillion EU Stimulus Deal, Will Tesla Join the Index? – Motley Fool

The S&P 500 Index (SNPINDEX:^SPX) closed relatively flat on July 21, up 5.5 points, or 0.17%. Yet while the index was not very volatile, oil stocks were surging higher. Nine of the top 10, and 17 of the top 20 biggest-gainers in the index today were oil and gas stocks, including Occidental Petroleum (NYSE:OXY) and Devon Energy (NYSE:DVN), both up more than 10%.  Today's oil stock surge came as crude prices moved higher following news that the European Union reached a massive $2.1 trillion stimulus deal to help its member countries deal with the deep coronavirus recession that's caused global oil demand and prices to crash.  In other notable news, Tesla (NASDAQ:TSLA) is set to report second quarter results tomorrow, July 22, in what could p...
Over 7M Americans Own BTC But Hold None In Retirement Accounts
Crypto News

Over 7M Americans Own BTC But Hold None In Retirement Accounts

Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts.  "There's 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don't have Bitcoin in their retirement account," Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview.  People have more to spend on Bitcoin in their retirement accounts Retirement accounts allow the public to put money into a long-term investment fund, with the stipulation of only taking money from that account after a certain time period — usually totalling decades, depending on the participants age. Such a format comes with sign...
Hindustan Copper Q4 results: Company reports net loss of Rs 514.27 cr
Stock News

Hindustan Copper Q4 results: Company reports net loss of Rs 514.27 cr

NEW DELHI: Hindustan Copper on Tuesday posted a consolidated loss of Rs 514.27 crore for the quarter ended on March 31, 2020.The company had posted a consolidated profit of Rs 40.37 crore in the year-ago period, Hindustan Copper said in a filing to BSE. The company said that "profit (loss) for the period (is) from continuing and and discontinued operations (after tax)." The consolidated income of the company during January-March period of 2019-20 dropped to Rs 166.47 crore from Rs 475.09 crore in the year-ago period, the filing said. Earlier the company's CMD in a house journal had stated that the financial condition of Hindustan Copper was in "dire straits" primarily due to the dismal performance of the PSU in 2019-20. Source: ET Markets
Rand rallies as EU stimulus deal boosts risk demand
Stock News

Rand rallies as EU stimulus deal boosts risk demand

The rand rallied more than 1% on Tuesday in a broad emerging market advance on perkier risk appetite after European Union leaders agreed a 750 billion-euro ($862 billion) fund to prop up their coronavirus-hit economies. At 1530 GMT the rand was 1.01% firmer at R16.46 per dollar, its best level since June 10 in a risk-on rally led by Brazil’s real and the Russian rouble. The EU deal was hailed as an important signal of unity by Europe’s leaders and a foundation for economic recovery. The deal also provides fresh positive signals to investors beginning to doubt the speed of a bounce back in the global economy amid a sustained surge in coronavirus infections. South Africa’s rand has recently been underpinned by a hunt for yield which has outweighed investors’ concerns about domestic e...
Share Market Tips Free for 22nd July 2020
Top Trading, Trading Tips

Share Market Tips Free for 22nd July 2020

BUY GODREJPROP (NSE Code) Buy Above 900 after cooling period. SIGNAL : DOUBLE TOPS CROSSED WITH HIGHER VOLUME. Stop Loss : 863.30 Target : 929.80 (Short term) HOT BUZZING STOCKS (22.07.2020) NSE SYMBOL      CLOSING RATE HATHWAY    52.85 DEN    109.60 PRICOLLTD    40.60 BALAJITELE    85.80 SUNTECK    182.50 AFFLE    1781.30 AUBANK    720.90 CREDITACC    588.35 IBVENTURES    115.55 INTELLECT    140.80 SHREYAS    76.70 SPANDANA    647.15 5PAISA    384.15 CREATIVE    88.30 NATHBIOGEN    357.35 WABAG    119.15 GTPL    84.45...
Tuesday’s ETF with Unusual Volume: SIL
Stock News

Tuesday’s ETF with Unusual Volume: SIL

The Silver Miners ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 577,000. Shares of SIL were up about 3.8% on the day. Components of that ETF with the highest volume on Tuesday were Hecla Mining, trading up about 3.3% with over 11.0 million shares changing hands so far this session, and Endeavour Silver, up about 11.8% on volume of over 8.6 million shares. Bear Creek Mining is the component faring the best Tuesday, higher by about 14.7% on the day, while Pan American Silver is lagging other components of the Silver Miners ETF, trading up by about 0.7%. VIDEO: Tuesday's ETF with Unusual Volume: SIL The views and opinions expressed herein are the views and opinions of the author and d...
Tuesday’s ETF Movers: XOP, FBT
ETFs

Tuesday’s ETF Movers: XOP, FBT

In trading on Tuesday, the SPDR— S&P— Oil & Gas Exploration & Production ETF is outperforming other ETFs, up about 7.9% on the day. Components of that ETF showing particular strength include shares of SM Energy, up about 20.1% and shares of Occidental Petroleum, up about 14.3% on the day. And underperforming other ETFs today is the First Trust NYSE Arca Biotechnology Index Fund ETF, down about 2% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Acadia Pharmaceuticals, lower by about 18.8%, and shares of Alnylam Pharmaceuticals, lower by about 4.3% on the day. VIDEO: Tuesday's ETF Movers: XOP, FBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect ...
Coca-Cola CEO says its business is still lagging even in markets that have coronavirus under control
Stock News

Coca-Cola CEO says its business is still lagging even in markets that have coronavirus under control

Coca-Cola CEO James Quincey said that the company's business will likely not recover completely from the coronavirus pandemic until a vaccine or another comprehensive solution is available. "Business is still struggling to recover to pre-Covid levels even in those places where there's no real transmission of the virus and the large majority of locations are allowed to open," Quincey said Tuesday on CNBC's "Squawk on the Street." "We're still not back to those levels even where it's been most under control." Countries like New Zealand and Thailand have contained Covid-19, while the United States and others have seen cases spike again. The latest surge has led many states and countries to reimpose restrictions on bars, movie theaters and indoor dining, dealing a blow to Coke's business....
Technically Speaking: 15 Bullish Beliefs (Or Not) For The Market
Stock News

Technically Speaking: 15 Bullish Beliefs (Or Not) For The Market

In this edition of "Technically Speaking", we analyze the 15 bullish beliefs (or not) currently supporting the market. Is this time different? Or should investors be concerned? Bullish Moves Yesterday, the market broke out of its consolidation range that we have been discussing over the past several weeks. Such is undeniably bullish and sets the market up for a test of "all-time" highs. However, while we did get a bit of "exuberance" yesterday, there was still considerable weakness beneath the overall market. As noted this weekend, the month of July has continued to perform as expected and has provided the seasonal lift to stocks. "In the short-term, the bulls remain in charge currently, and as such, we must be mindful of those trends. Also, the month of July tends to be one of the b...
Commodities

EXCLUSIVE-Singapore’s Agritrade has potential investors-source

Nithia Capital proposes $65 mln in cash, bonds and loans-source Ng Xinwei, CEO of Agritrade Resources, says talks are ongoing By Roslan Khasawneh SINGAPORE, July 21 (Reuters) - London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter. AIPL, whose businesses span palm oil and coal, is undergoing a court-appointed restructuring after it collapsed earlier this year amid fraud allegations. It owes $1.55 billion, including $983 billion to at least 20 banks. Nithia Capital, an alternative investment manager that specialises in turning around underperforming companies, has proposed the creation of...