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.
Here is a tweet from @PriapusIQ on the timeline if the US election is delayed or contested: https://twitter.com/PriapusIQ/status/1307947656384327682
Goodnight, and good luck if you are trading through the election. It’s going to be volatile, to say the least!
AT&T is considering selling a significant minority stake in DirecTV, AT&T Now and U-Verse pay-TV operations according to a report from CNBC.
AT&T shares are trading at $27.49, +0.53%.
Inspire Medical +31.01% – INSPIRE MEDICAL SYSTEMS (INSP) STOCK SKYROCKETS AFTER RAISING REVENUE FORECAST
GW Pharmaceuticals +20.71% – GW Pharmaceuticals stock rallies on Q3 earnings beat. Revenue: $137.05m (+50.7% Y/Y) vs consensus of $125.97M, Net loss: ($12.2M) (-11.6%); loss/share: ($0.03) (-25.0%) vs consensus of ($0.06)
Collectors Universe +19.95% – Collectors Universe reports Q1 results: Fiscal Q1 GAAP EPS of $0.65., Revenue of $30.79M (+52.4% Y/Y).
FTSE 100 +2.29%
STOXX 50 +2.65%
IBEX 35 +2.48%
CAC 40 +2.44%
Shares of medical technology company, Inspire Medical Systems (NYSE: INSP) have shot higher after the company released its third-quarter financial results.
Ant Groups Record $34.5 billion IPO in Shanghai and Hong Kong has been suspended.
Both the Shanghai and Hong Kong stock exchanges made that announcement earlier today. As a result, Alibaba, who owns an approximately 33% stake in Ant Group, saw its share price fall over 8%.
According to CNBC’s translation of the Shanghai Stock Exchanges announcements, they said that the company has “reported significant issues such as the changes in financial technology regulatory environment.”
Arista Network’s ($ANET) stock price is up over 13% at $244.59 premarket on Tuesday after the company posted an adjusted Q3 profit of $2.42 beating the $2.21 estimate and its revenue of $605.4 million beats the $581 million estimates as the company said it saw continued improvement in underlying business trends during the quarter.
Rainbow Rare Earths +40.60% – Company announced it has signed a binding agreement for the co-development of the Phalaborwa Rare Earths Project in South Africa
Hornby Plc +21.10%
Crest Nicholson +18.66% – Crest Nicholson shares surge after upgrading profit expectations
Panther Securities -14.29%
Amigo Holdings -13.43% – Company provides a complaints update
Zaim Credit Systems -12.55%
FTSE 100 +1.55%
STOXX 50 +1.26%
IBEX 35 +1.46%
CAC 40 +1.49%
Good morning all…
-First off, happy US election day…
-APAC equity markets traded positively following the closer higher on Wall Street yesterday
-The RBA cut interest rates to 0.1% from 0.25% and announced a boost to its QE programme
-China is threatening to impose bans on up to $6 billion of key Australian exports from Friday. Copper ore and sugar could be added to a growing list of commodities targeted by China.
-On the economic data calendar today we have US factory orders, but of course, all eyes will be on the US election
-Companies releasing earnings today include Wayfair, Prudential, Catalent, and Bausch Health
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