Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Dow Jones -0.84%
S&P 500 -0.34%
Remember to watch out for the other big names reporting this evening!
Have a good evening all.
$FB shares are spiking after Q2 report beats estimates.
Daily active users 1.79bn up 12%
Q2 EPS $1.80 beating the $1.39 estimate
Remember, we still have Amazon, Apple, Facebook and Google (Alphabet) to report earnings after the close.
Big line up!
There have been some big movers in the US today. Here’s a round-up of a few of them…
Taoping +354% Was up over 600% earlier in the day
Liminal Biosciences +100.94%
Edesa Biotech +79% Was up over 200% earlier in the day
Blink Charging Co +26.82%
Eastman Kodak -12.98%
Chevron stock is down 4.11% at $86.37 as oil prices fall due to demand concerns and growing coronavirus numbers in the US.
Let’s take a look at the US stocks heatmap from Finviz.com…
FTSE 100 -2.31% 5,989
DAX -3.45% 12,379
EURO STOXX 50 -2.79% 3,208
Red across the board, although it picked up a little in the last couple of hours.
US equities are starting to pick up a little now also.
Precipio shares have climbed today after the company announced the commercial launch of its coronavirus antibody test.
Currently up 29.27% at $1.59.
I’ve got another big mover for you here, Taoping Inc is currently up over 594% at $14.16 per share.
Its stock has surged after the company announced upgrades to its Taoping Smart Cloud Platform to expand its business.
Edesa Biotech stock has surged over 200% after its FDA application, the stock is currently trading at $13.48, up over 159%.
Here’s the full story – EDESA BIOTECH STOCK PRICE SOARS AFTER FDA APPLICATION FOR COVID-19 STUDY
Let’s take a look at how US equities are performing…
Dow Jones -1.83% 26,054
S&P 500 -1.36% 3,214
Nasdaq -0.94% 10,444
European equities have fallen further, the DAX is down over 4%, the FTSE 100 is down 3.12% and the EU50 is down over 3%.
Anyone buying the dip?
FSD Pharma shares have jumped over 70% after the company announced it is working to submit an investigational new drug application to the FDA to treat coronavirus patients.
Currently up 67.38% at $6.26.
I’m sure there is a huge pun in there somewhere!
UPS shares are trading higher after reporting a better than expected Q2 EPS and sales.
Currently up 10.59% at $136.78.
PayPal Shares are moving higher after the company reported positive Q2 EPS and sales results yesterday. It also raised its FY 2020 guidance.
PayPal shares are currently 6% higher at $195.68
Eros International stock is up 10% after the company reported results for Q4 and fiscal year 2020
Jakks Pacific stock has plummeted after the company reported worse than expected Q2 EPS and sales results yesterday.
It always hasn’t been helped by Dave Portnoy trashing it in his Twitter post and live stream!
FTSE 100 -1.71%
EURO STOXX 50 -1.78%
Bad day for the DAX!
Shares in car dealership Pendragon Plc have fallen after the company announced that it will be slashing 1,800 jobs and closing 15 loss-making stores. The cuts come as the company struggles due to weaker demand in the fallout from the coronavirus pandemic.
Its share price is currently down 2.1% at 7.92 GBX
Lloyds Share price has plummeted so far today after the company announced a pretax loss of £676 million in Q2.
Here is the full story – LLOYDS BANKING GROUP SHARE PRICE SLUMPS 9.3% ON £676 MILLION LOSS IN Q2
SCS Group +17%
Belvoir Group +15%
Sopheon plc +9%
Ultra Electronics +8%
Delta Plus Group +8%
Deutsche Boerse -4%
Lloyds Banking Group -9%
Apple is facing a fresh EU antitrust complaint from messaging app Telegram.
According to a report in the Financial Times Telegram has accused Apple of curbing innovation.
FTSE 100 -1.02% 6,069
DAX -1.88% 12,581
EURO STOXX 50 -1.12% 3,263
A very shaky start to the day.
Good morning traders…
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