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.
So, US equities close in the green, I hope you all had a positive week.
That’s all from me until Monday, have a good weekend!
Apple shares are now up 10.36% on the day at $424.63.
Tesla shares are down 3.39% at $1437.
What’s going on! Something ain’t right!
Izea Worldwide shares are up 25.22% at $1.44. So far, we haven’t seen any news that would suggest a surge.
Has Portnoy bought shares??
Reports from Fox Business News state that Microsoft could be in the running to buy TikTok.
US President Donald Trump says he may be banning TikTok.
He also said he is looking at alternatives to TikTok.
Taoping Shares are down 51% today after closing yesterday at +331%.
Currently trading at $4.29 per share.
Let’s have a look at how the European equity markets performed before the weekend…
Not a good couple of days for European index’s
Under Armour stock has plummeted, currently down over 6% at $9.56 despite posting positive Q2 EPS and sales.
Here are some of the top stories so far today…
Sonnet BioTherapeutics are up 96.22% at $2.80 after US President Trump encouraged US citizens who have recovered from COVID.19 to donate their blood plasma as a possible treatment for the virus.
Chevron Corporation shares are down 4.21% at $82.64 after reporting worse than estimated EPS and sales results for Q2 2020
ElectroCore shares are up 58.4% at $2.45 after the company announced its gammaCore Sapphire CV will be available for distribution for a price of $1750.
Applied DNA Sciences share price is trading 30.31% higher at $11.35 after the company announced the FDA granted an Emergency Use Authorisation amendment that will increase the company’s coronavirus diagnostic testing kit capacity.
Erm, how about this for a move…
Achieve Life Sciences is currently up 2,816.67% at $17.50 after the company announced the US Patent and Trademark Office granted them a patent on novel analogs of cytisiniclinen for use in CNS and addiction indications.
Here’s the proof…
GlaxoSmithKline shares are trading higher after them and Sanofi was provided with up to $2.1 billion for development, clinical trials, manufacturing and delivering of its potential coronavirus vaccine candidate by the US government.
The companies were picked for the US governments Warp Speed project.
GSK’s US-listed shares are currently up 1.57% premarket at $40.88. Its UK-listed shares are up 1.33% at 1549.6 GBX.
Zion Oil & Gas +190%
Sonnet BioTherapuetics +95%
World Wrestling Entertainment $WWE entertainment shares are trading higher after the company reported better than expected second-quarter EPS results. Currently up 5.44% premarket at $47.90
Ceres Power Share price has jumped 4.78% to 449 GBX after analysts at Berenburg gave it a rating of ‘Reiterates’ recommending it as a Buy. They set its target price at 580 GBX, representing a potential 33.8% upside.
Caterpillar have reported an adjusted EPS of $1.03 which beats estimates. Sales were $10 billion, beating $9.38 billion estimate.
Shares are ever so slightly down by 0.08% premarket
Redrow Plc’s share price has fallen slightly after the company announced Vanda Murray OBE will retire from the board after its AGM on the 6th of November.
Its share price is currently trading at 437.4 GBX down just over 0.60%
Pets At Home group +12.79%
BigBlu Broadband +10%
Doccheck AG +10%
Tiziana Life Sciences share price has jumped 15% after announcing the submission of a patent application for nasal administration of Foralumab. The drug would be used to treat coronavirus patients.
Shares are currently trading at 220 GBX.
Good morning traders…
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