Reminder – it’s a US holiday today, Monday, 16 January 2023 – stock, bond trading closed
US cash equity exchanges are closed for a Federal holiday today, 16 January 2023. Its Martin Luther King Jr. Day. The US bond market is also closed. The Securities Industry and Financial Markets Association (SIFMA) is an industry group for bond markets, it “recommends” a holiday in the bond market. Traders don’t need any more […]
US stock indices not looking good into the open
The US stocks are looking to open negative with the futures currently pricing: Dow down -300 points after yesterday’s 216.96 point rise S&P index -39 points after yesterday’s 13.56 point rise NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market […]
Market Spotlight: Sainsbury Stock Falls Despite Profits Update
Better Q4 Profits Seen Shares in J Sainsbury, the UK’s second-largest supermarket, are trading lower today despite a better profit outlook for Q4. The group recorded a 7.1% spike in sales in the six weeks leading up to January, while the 16 weeks through to January were 5.2% higher than the previous year. The World […]
HFM’s Outlook 2023: US Stock Market and US500
US Stock Market and US500 – 2023 Outlook The Fed’s monetary tightening in an effort to curb soaring inflation and the resultant recession risk have not been friendly to the stock market in 2022. The US500 has undergone its worst year in more than a decade, with the first double-digit percentage annual loss (-38.4%) since […]
Why Forex Traders Should Especially Care About the Stock Market This Quarter
We all know that the forex and stock markets are related, so it’s of course a good idea for forex traders to keep an eye on what equities are doing. But there are a couple of circumstances that are coinciding this quarter that make this relationship especially pronounced. The stock market, particularly in the United […]
Casa Stock Skyrockets By 80% After Multi-Year Deal With US Telecoms Mammoth • 2nd Skies Trading
American telecom mammoth Verizon recently became the third-highest shareholder of a budding 5G-infrastructure-building company. This has led to an increase in interest in the shares of the budding company, reflected by an 80% rise in share price. Source: Z z What Happened? The shares of Casa Systems, Inc. (Nasdaq: CASA) soared by 80% when it […]
Can This Mammoth Gaming Stock Overcome Its Blizzard And Win Again? • 2nd Skies Trading
Activision Blizzard has been in the news for positive and negative reasons recently. On the negative side, the company has been dragged into lawsuits for discrimination and harassment. On the positive side, news has came out about Microsoft’s interest in acquiring Activision Blizzard, and Warren Buffet’s Berkshire Hathaway increased its stake in the company to […]
Can Lyft Stock Lift Itself Out Of Its Meltdown?
The ridesharing company’s stock is taking a major hit, and the headwinds might not dissipate soon. Why did Lyft, Inc. (Nasdaq: LYFT) stock take a 33% dip? Source: Thought Catalog What Happened? Lyft stock dropped by 30% on Wednesday, after the company announced that its profitability may take a dent as it increases incentives to […]