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.
Another down day for US indexes…
S&P 500 -2.38%
Current price $SPI: $18:37 +1653%
So, after announcing a new EV subsidiary, SPI energy’s stock has catapulted over 3500%.
I wrote this piece when it was (just) 200% higher, but here is the full story…
As we head into the last hour US indexes are in the red…
S&P 500 -2.33%
$TSLA: -8.76% $387.08
Tesla suffers complete network outage, internal systems and connectivity features down.
FTSE 100 +1.21%
STOXX 50 +0.50%
Shares of Cineworld Group plc (LON: CINE) today surged 17% ahead of the company’s H1 2020 earning results set for release tomorrow…
Here’s how US equities are performing…
S&P 500 -0.26%
$SPI: +231% $3.47
Hong Kong-based SPI Energy (NASDAQ: SPI) has announced the launch of EdisonFuture Inc, a company wholly owned by SPI that will design and develop electric vehicles and charging solutions in news that has sent its stock surging over 300% higher.
Tesla shares are down 4% premarket at $406 after yesterday’s Battery Day.
Ethereum (ETH/USD) price is trading almost 10% down on the week after the buyers failed to stay above the $365 handle…
Nahl Group (NAH) +29% – Frenkel Topping acquires Nahl shares. Frenkel makes preliminary approach for acquisition.
Applied Graphene Materials (AGM) +25% – Leading care care product company launches a new product using AGM’s Genable graphene dispersions.
Diploma (DPLM) +20% – HERE’S WHY DIPLOMA SHARE PRICE SKYROCKETED TODAY
AA (AA.) -15% – Platinum Equity does not intend to make an offer for AA
Grafenia (GRA) -10%
Fresnillo (FRES) -4%
Shares of LoopUp Group PLC (LON: LOOP) surged 13.6% today after the cloud communications and remote meetings software provider reported its H1 2020 earnings, which beat analysts expectations by a wide margin.
FTSE 100 +1.22%
STOXX 50 +1.25%
Good morning people…
-Asia-Pac markets were mixed with the ASX gaining 2.42% and the Nikkei losing 0.08%.
-The RBNZ kept interest rates on hold at 0.25%
-Tesla had its Battery Day with Elon Musk saying that the company plans to manufacture a car that will cost $25,000 in about three years time
-Nike shares gained after-hours following the company’s earnings report
-In FX markets the dollar continues to make gains against the other major pairs
-On the calendar, we have eurozone, UK and US PMI’s along with a host of Federal Reserve speakers
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