Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
DOW -0.56% 28,133
S&P 500 -0.82% 3,426
NASDAQ -1.27% 11,313
That’s all from me, have a good weekend people!
PLM stock has soared today after a judge rejected allegations that the Minnesota Pollution Control Agency (MPCA) engaged in procedural irregularities relating to a permit issued to PLM that allows them mine from the NorthMet ore body in Minnesota.
PLM stock is trading 64% higher at $4.45 per share.
The Pentagon says it has again chosen Microsoft for its $10 billion “JEDI” cloud contract after a re-evaluation of the bids. The U.S. says Microsoft’s proposal “continues to represent the best value.”: Via @CNBCnow
Microsoft shares are trading at $216, down 0.60%.
Polymet Mining (PLM) +77%
VivoPower (VVPR) +34%
FBL Financial (FFG) +31%
Heritage Global (HGBL) -16%
Syros Pharmaceuticals (SYRS) -16%
Oxford Industries (OXM) -15%
FTSE 100 -0.86% 5,800
DAX -1.69% 12,837
STOXX 50 –1.31% 3,260
Domo stock surged as high as $47.25 after the company forecasts a smaller-than-expected loss for Q3 and fiscal year 2021. Its revenue estimates are higher than Street expectations for the same period.
Domo shares are currently trading at $39.89, up 7%.
DOW +0.15% 28,335
S&P 500 -0.59% 3,434
NASDAQ -1.90% 11,240
KCAC stock is up another 25% at $25.98 after yesterday’s news that it will be merging with Quantumscape via a SPAC merger.
FTSE 100 +0.70%
STOXX 50 +0.26%
Total Gabon +15%
Nordic Semiconuctor +12%
Reach plc +11%
Panther Securities +10%
Hansard Global +9%
Following on from the drop in Barratt Development’s share price, shares of Persimmon have also fallen this morning as they too are being investigated.
Its shares are currently trading at 2609p, down 1.21%.
Barratt Developments, Countryside Properties, Taylor Wimpey and Persimmon Homes are all being investigated by the UK Competition and Markets Authority after they stated that they had found “troubling evidence” in the leasehold housing sector.
Here is the full story – HERE’S WHY BARRATT DEVELOPMENTS (BDEV) SHARES FELL AT THE OPEN
Barratt Developments share price has plunged over 3% to 521.8p after the company released a statement this morning stating that it will cooperate with a UK Competition and Markets Authority (CMA) investigation into the sale of leasehold homes.
“The Group is committed to putting its customers first and will continue to cooperate with the CMA whilst it completes its investigation,” Barratt said in its statement.
FTSE 100 +0.16% 5,859
DAX +0.16% 13,078
STOXX 50 +0.18% 3,310
Good morning all…
-After yesterday’s drop in US equities, Asia-Pacific markets have followed suit. The Nikkei closed down 1.11% and the ASX closed 3.06% lower.
-The main story from yesterday was the fall in tech stocks with the Nasdaq closing 5% lower.
-White House Chief of Staff, Mark Meadows said that the US government is looking into banning more Chinese apps that could pose a national security threat.
-In FX markets the US dollar looks to be gaining strength this morning after a fairly subdued session overnight.
-On today’s calendar, we have seen German factory orders come in lower than expected, while later we have Canadian unemployment numbers and non-farm payrolls.
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