Stock Market Live 19/11 – Sonos Shares Rally After Forecasts Exceed Expectations

latest updates

• Latest 21:05: US Equities Close the Day Positive
• 20:00: US Stimulus Bill
• 19:30: JOYY Shares Up 16%
• 17:15: Nikola Shares
• 16:37: European Equities Close The Day Lower
• 15:57: Electric Vehicle Stocks Climb
• 15:15: Tesla Stock At Record High
• 14:48: Sonos Stock Surges
• 14:34: US Equites Lower
• 11:51: UK Stock Gainers
• 08:35: Earnings
• 08:05: European Indices

Latest 21:05
US Equities Close the Day Positive

DOW         +0.15%
S&P           +0.36%
NASDAQ +0.87%

Today 20:00
US Stimulus Bill

US Senate Majority Leader Mitch McConnell has agreed to resume negotiations with the Democrats over a potential new coronavirus stimulus bill according to Senate Minority Leader Chuck Schumer.

Equities have rallied on the back of the news with the Dow up 0.10%, the S&P up 0.31% and the Nasdaq trading 0.83% higher.

Today 19:30
JOYY Shares Up 16%

Despite a Muddy Waters research report branding the company a “a multibillion-dollar fraud,” JOYY Inc has managed to regain some of yesterday’s losses and are currently up 15% at $85.21 per share.

Here is the full story: JOYY STOCK CLAWS BACK LOSSES FOLLOWING MUDDY WATERS RESEARCH REPORT CLAIMING THE COMPANY IS FRAUDULENT

Today 17:15
Nikola Shares

“Shares of Nikola (NASDAQ: NKLA) gained over 15% yesterday after General Motors accidentally revealed on its website that a partnership agreement has been signed.”

NIKOLA SHARE PRICE ERUPTS ON GM PARTNERSHIP HINTS

Nikola Shares are up over 4% so far today…

Today 16:37
European Equities Close The Day Lower

FTSE 100     -0.77%
DAX              -0.83%
STOXX 50   -0.90%
IBEX 35       -0.57%
CAC 40         -0.67%

Today 15:57
Electric Vehicle Stocks Climb

Shares of electric-vehicle companies are on the rise today…

Tesla             +3.80%  $505.11
Nikola          +7.83%  $27.41
NIO               +5.19%  $47.40
AYRO           +34.43% $5.70
Workhorse  +2.50%  $23.40

Today 15:15
Tesla Stock At Record High

Tesla shares have ticked up to a new record high of $507, up 4.18% from yesterdays closing price of $486.64.

Today 14:48
Sonos Stock Surges

Sonos Inc (NASDAQ: SONO) shares are driving higher, currently up 27.33% at $21.6 after the company’s year forecast exceeded expectations.

Sonos’ Q4 EPS was $0.33  compared to $0.15 last year. Its revenue increased 16% year over year to $339.8 million.

The company sees FY21 revenue between $1.44B-$1.5B.

They also announced a $50 million stock repurchase program and the completion of a previous stock repurchase program.

Today 14:34
US Equites Lower

DOW         -0.55%
S&P            -0.52%
NASDAQ  -0.24%

Today 11:51
UK Stock Gainers

Velocity Composites +28.57%

Somero Enterprise +23.27%: Somero releases a trading report upgrading full-year 2020 guidance.

Mirada Plc +19.33%: Mirada announces the integration of Disney+ into its Iris multiscreen product.

Headlam Group +14.72%: Headlam releases trading update stating that it has seen a sustained and strong recovery to 2019 levels following Q2.

Today 08:35
Earnings

Some of the companies reporting earnings today: 

Macy’s Inc
Canadian Solar
Qiwi
Ross
Williams-Sonoma
360 Finance
Brady Corp
Maximus Inc

Today 08:05
European Indices

FTSE 100   -0.76%
DAX            -0.72%
STOXX 50 -0.66%
IBEX 35     -1.22%
CAC 40      -0.67%

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