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Live reporting

Live Stock Market Updates 28/07 – Virgin Galactic Stock Falls

2 months ago

As it happens:

US Markets Close

Dow Jones -0.77% 26,379

S&P 500 -0.65% 3,218

Nasdaq  -1.27%  10,403

That’s all from me for today. Have a good evening all!



Roku Shares

Roku shares are trading 4.31% lower today after bearish commentary from Morgan Stanley.

Morgan Stanley lowered its forecast on Roku, reiterating its underweight rating, stating that its current value seems excessive.

They set a price target of $110 for the stock which represents a potential 27.5% downside.

Tesla Stock

Tesla shares have fallen -2.56% today.

There has been a lot of news on the company so here is a quick roundup –

  • Reuters reported that Tesla is on a hiring spree in China as it prepares for its Model Y production.
  • Bernstein downgraded Tesla stock to underperform
  • According to an SEC filing, Tesla was granted relief in June for a one-year deferral in relation to its Gigafactory New York lease agreement.
  • Tesla’s Gigafactory in Austin Texas is already under construction, while its Gigafactory in Berlin is still being built.

Virgin Galactic Shares

Virgin Galactic $SPCE shares are down -3.89% so far today.

Earlier today the company revealed the cabin interior of its first SpaceShipTwo on a Youtube live stream.

US Stock Performance

Let’s take a look at my favourite graphic on how the US stocks are performing so far…


Harley-Davidson Shares

Harley-Davidson shares are down 4.34% so far today after the company reported its Q2 earnings report.

Its EPS decreased 123.97% YoY to $0.35.

$HOG currently trading at $28.01.

European Equities Close

FTSE 100  +0.41%  6,129

DAX -0.02%  12,835

EURO STOXX 50  +0.03%  3,303

A little turnaround on the FTSE there, but overall a flat day in European indices.

Spectrum Pharma Shares Price

Spectrum Pharma $SPPI Shares have surged following a positive clinical readout in relation to its ZENITH20 Phase 2 trial on lung cancer patients.

Shares are up 24% at $4.01

Francesca Holdings

Francesca Holding’s shares are trading over 90% higher after the company said it has reopened 674 out of its 702 boutiques and repaid $2 million of outstanding borrowings.


US Equities

Lets have a first look at the major US equities today…

Dow Jones – -0.66  26,409

S&P 500  -0.46% 3,224

Nasdaq  -0.66% 10,466

Red across the board, European equities are down as well.

Eastman Kodak Share Price

Shares of Eastman Kodak $KODK are continuing to rise…

Up 217% at $8.32 premarket

European Equities Lunchtime Look

A little later than usual, here is out lunchtime look at how some of the equity markets in Europe are performing so far today…

FTSE 100  -0.02% 6,103

DAX  -0.43%  12,783

EURO STOXX 50   -0.46%  3,287


McDonald's Earnings Report

Revenue – $3.76bn (est $3.70bn)

Adj EPS – $0.66 (est $0.74)

Pfizer Earnings Report

$PFE Pfizer has released its earnings report, here is a snippet…

Revenue – $11.8bn (est $11.73bn)

Adj EPS – $0.78 (est $0.69)


Tailored Brands Share Price Plummets

Tailored Brands share price has fallen 16.53% in premarket trading after a report by Bloomberg stated that the company is likely to file for bankruptcy.

Trading at $0.50 premarket.


Another story on Facebook here…

According to reports, the company offered TikTok creators money to exclusively join its new service ‘Reels’.

Micro Focus Share Price

Micro Focus International’s share price is slightly higher this morning, up 1.04% to 283 GBX per share after UBS analysts set a price target of 350 GBX on the stock yesterday.

Highland Gold

Highland Gold Mining Shares are down by -0.48% so far today as spot gold trades lower.

Highland Gold’s shares closed over 6% higher in Monday’s session. It is currently trading at 288p



Orange and Google have announced a strategic partnership to help accelerate Orange’s IT infrastructure and develop cloud services.


According to a CNBC article, “Facebook is suing the European Commission for allegedly seeking information beyond what is necessary including highly personal details for their investigations.”

Invinity Energy Systems (LON:IES)

Invinity Energy systems shares have continued to climb, now up 23% on the day.

EU Market Movers

Invinity Energy Systems +12%

Quartix Holdings +9%

Wasgau Produktions & Handels +9%

Bitcoin Group SE +6%

Science Group +5%

Peugeot +4%

Fiat Chrysler +3%

European Equities First Look

FTSE 100  +0.48%  6,133

DAX  +0.30%  12,877

EURO STOXX 50  +0.12%  3,306


Morning Market Preview

Good morning traders…

  • In the Asia-Pac session the Nikkei and ASX both fell, but Chinese bourses, along with the Hang Seng are all trading higher.
  • Gold futures touched the $2,000 level before selling off, while spot gold traded as high as $1,981
  • In FX markets the USD has made some gains against the other major currencies.
  • Apple has been given another month to unveil steps to correct anti-competitive practices
  • There is not much in today’s economic calendar other than Spanish unemployment figures for Q2 at 8 am
  • Companies reporting earnings today include Pfizer, McDonald’s, Starbucks, AMD, eBay, and Visa