FlowBank

1157 days ago

Stocks rally and catch up from last week's stumble.

S&P 500 futures rose 0.6% as of 6:25 a.m. in London. The S&P 500 surged 1.6%.Topix index rose 0.9%.Australia’s S&P/ASX 200 Index rose 1.5%.Kospi index gained 1.4%.Hang Seng Index climbed 1.5%.Shanghai Composite Index rose 0.7%.Euro Stoxx 50 futures added 0.5%. Source: Bloomberg

#Stocks

1158 days ago

Chevron records loss of $5.5 billion, its worse performance in three decades

Chevron  could be avoiding the scrutiny Exxon  is seeing because of stronger fundamentals and can offer dividends more sustainably than Exxon. Chevron is also catching up to Exxon in production narrowing the gap after acquiring Noble Energy. Chevron trades at 33X forward 12 month earnings, slightly in front of Exxon. Source: WSJ

#Stocks #Commodities

1158 days ago

Main events of the GameStop stock adventure

From a company in terminal decline to being the most valued company in the Russell 2000, the GameStop stock has seen an adventure we've never seen on the market. Here's a chart of its price for January, with the main events that affected it. 

#Stocks
Main events of the GameStop stock adventure

1158 days ago

Western Digital sees 9% increase after earnings

Stifel maintained its Buy rating, Wedbush emphasized its outperforming rating and boosted its target price from $60 to $68. WDC saw Adjusted earnings at 69 cents above the FactSet consensus of 54 cents. Source: WSJ

#Stocks

1158 days ago

World's top 8 Sovereign Wealth Funds

According to the SWF Institute, the Norwegian Government Pension fund is the largest sovereign wealth fund in the world, with over $1.1 trillion in capital as of January 2021. It is closely followed by the China Investment Cooperation fund, which sits at a little over $1 trillion. The rest of the top 8 are far behind, with the biggest of them all not reaching $600 billion. The Norwegian government is free to use up to three percent of its fund's volume annually for social purposes – that number currently amounts up to $33 billion.

#Stocks #Macro
Top 8 World's Biggest Sovereign Wealth Funds
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