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, a turnaround after the FOMC minutes release where the Fed showed concern about the continued impact of the coronavirus on the economy.
Not the best end to the day for risk sentiment.
Anyway, that’s all from me, have a good evening!
Blink Charging stock has plummeted 13% to $8.60 after Culper Research released a report stating that the company has exaggerated the size of its charging network to gain money from investors.
Here are some quotes from the research…
“Blink claims that “EV drivers can easily charge at any of its 15,000 charging stations,” but we estimate the Company’s functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.”
“Almost no one uses Blink’s charging stations, many of which are in utterly decrepit condition.”
A scathing assessment from Culper there!
Spot gold has fallen over 3% to $1938 today as the US dollar strengthened further on the back of the FOMC minutes release.
$PENN National Gaming stock has fallen over 1% to $54.59 after Barstool Sports President and trading cult leader Dave Portnoy posted a video on Twitter saying he is sick, possibly with COVID.
Apple has become the first US company to hit a $2 trillion dollar market value after a 59% gain this year.
$GT stock has plummeted 4% after US President Trump tweeted telling people not to buy the tyres.
The S&P 500 briefly touched the 3,395.9 level, reaching all-time highs.
Target’s stock has jumped 8% higher premarket to $148.41 after the company reported an enormous 80% rise in profits.
Just a small update on European equities, they are now firmly in the green with the FTSE 100 up 0.15%, the DAX up 0.23% and the EURO STOXX 50 up 0.24%
Amigo Holdings +16%
Sensyne Health +14%
Explosifs Produits +10%
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