1154 days ago
GBPUSD holding its ground during dollar rebound on UK vaccine optimism
While other major currencies - notably the euro have sold off - Sterling has held its own above the 1.36 level and just down from 2/ 1/2 year highs
1154 days ago
Pot stock Nabis sees 9,500% surge
Regulators stopped trades. The Investment Industry Regulatory Organization of Canada said all trades between Jan. 27 and Feb. 2 would be canceled. Short-selling was also ruled ineligible. “IIROC has made this designation in the interest of maintaining a fair and orderly market based on the fails relative to the number of shares outstanding,” according to a separate statement on short selling. Source: Bloomberg
1154 days ago
Chart of the day: Since the election, US Micro-Caps are up over 50%
As 'most-shorted' stocks faded, the 'most-illiquid' stocks are aggressively bid...(source: www.zerohedge.com)
1155 days ago
Strong performer Sony to dive into music and movies next
The Japanese electronics-and-entertainment giant said its operating profit for the quarter ended December rose 20% from a year earlier, driven by stay-at-home demand for its games. Revenue at its gaming division jumped 40% year over year—its best quarter ever. Sony also expects operating profit at the division this fiscal year ending in March will reach a record. - Source: WSJ
1155 days ago
Match group owns online dating; could see shares blow up after restrictions lift
Match owns Tinder, Hinge, Pairs and the like. When Bumble announced its IPO shares fell, but investors shouldn’t be overly discouraged: Match entered the fourth quarter having outperformed the midpoint of its initial guidance by between 3% and 14% over the past three years, according to Jefferies analyst Brent Thill. Impressively, its fourth-quarter numbers show it also met its initial revenue guidance for 2020, given way back in early November of 2019, before the first case of Covid-19 had even been identified.
