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Yesterday’s chaos in the United States Capitol and the victory of Democrats in Georgia’s runoff election propelled the price of Smith and Wesson shares as investors anticipate higher demand for firearms derived from these events. Shares of the American gunmaker advanced as much as 18.4% since the beginning of yesterday’s stock trading session, closing the…
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2020 was a dismal year for energy companies like ExxonMobil (XOM) as crude oil prices plummeted during the year. However, things are looking up for the battered energy sector in 2021. 2020 was among the worst year for oil and gas companies. The WTI (West Texas Intermediate) contract turned briefly negative in April. It was…
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After a strong 2020, electric vehicle companies have started 2021 on a mixed note. While electric vehicle producers like Tesla, NIO, and XPeng Auto gained on the first trading day of the year, many of the companies that listed through the SPAC route including QuantumScape, Romeo Power, Canoo tumbled. To be sure, the sell-off in…
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Gold futures are climbing above the $1,900 threshold for the first time since early November as the US dollar continues to dive. The precious metal is gaining nearly 2% so far in early commodity trading activity at $1,935 per ounce, accumulating a 9% gain since its 30 November lows. A weaker US dollar partially explains…
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US stock markets made several records in 2020, both positive and negative. As we head into 2021, these are the key events that stock markets would watch in the first week of January itself. 2020 was a good year for US stock markets. The Nasdaq 100 Index gained 48% in the year. The S&P 500…
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AstraZeneca stock was trading higher in the US premarket today after its COVID-19 vaccine candidate got an emergency use approval from Britain. Indonesia has also placed an order for 50 million doses of its vaccine. There has been a lot of positive development on the COVID-19 vaccine front. India is also expected to soon approve…
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The FTSE 100 is trading at its highest level since the pandemic started following yesterday’s rally in America’s broad-market indexes while market players eye the upcoming approval of the AstraZeneca/Oxford vaccine. The footsie is advancing 2.1% today at 6,641 in mid-day stock trading activity while other European market indexes are advancing less than 1% during…
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The price of Bitcoin is advancing again this morning after yesterday’s wild session, with the cryptocurrency seeing a 15% advance since 23 December amid a seemingly insatiable retail interest. Bitcoin (BTC) is trading 1.7% higher today at $26,686 in early cryptocurrency trading activity, making this its fourth green session in the past five days. The…
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Airline stocks were very volatile in US premarket trading today. Congress approved the $900 billion COVID-19 stimulus bill that has a $15 billion package for the ailing airline industry. However, travel bans in Europe more than offset the stimulus news and airline stocks turned negative. The global airline industry has been among the worst hit…
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Tesla stock (TSLA) soared to a record high yesterday. A credit rating upgrade might have aided the price action but it’s the euphoria over the company joining the S&P 500 that’s leading to the rally. S&P Global has raised Tesla’s credit rating to BB. While the rating is still speculative, it is one notch below…
