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Showing posts from December, 2020

OTOP 21: UK Beats The Deadline for Post BREXIT Deal. What's Next? (ENG) - 28-12-2020

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Every Monday 9am Singapore time (GMT +8 hrs) we'll take less than 10 minutes to share a market secret with you. Watch it now or Miss it!

This Week Highlight - The Post-BREXIT Deal

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  Just before Christmas, U.K. announced the good news of reaching a deal with the EU officials. This deal is unexpected and comes as a surprise gift to many traders who have been waiting to punt the Pound. The deal is agreed between the U.K. and the EU officials for a potential "zero tariff - zero quota" policy to be further ratified after the year-end. At least, the agreement in principle has been fixed in place while just waiting for the parliament to draw down the rules in January. IN the past, we have seen the final week of December to be illiquid in market. Even though there is any unexpected fundamental news, the market is still irresponsive until January. Hence, we foresee not much market movement in Pound until the GBP/USD might pierce above 1.3600 in January and hikes for 1.3800 level! Ironically, the coronavirus crisis has damaged and also helped the U.K. in getting the post-BREXIT deal. Currently, the covid-19 has mutated and resurged into a new second wave i

Will The SPY ETF Reach $500 By 2022?

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  Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal   portfolios . We surveyed a group of over 500 investors on whether the  SPDR S&P 500 ETF Trust  (NASDAQ: SPY ) will reach $500 by 2022. What Are ETFs? ETF stands for exchange-traded funds. An ETF is an investment fund that trades on a stock exchange along with stocks for individual companies.  ETFs track a sector, represent a commodity (like  gold , oil or wheat) or sample a basket of stocks or bonds that meet a given criteria. The SPY ETF tracks the S&P 500. Exchange-traded funds are popular with investors given they can help mitigate risk in your portfolio. Tesla S&P Inclusion If you’re concerned the inclusion of  Tesla Inc  (NASDAQ: TSLA ) into the S&P 500 could  destabilize  the SPY ETF as a whole, consider the EV company represents only 1.6% overall weighting for the index fund. Benzinga recentl

UPDATE: 'Holy smokes, I'm a $TSLA-naire!' Here's how quickly Tesla has turned modest investments into seven-figure windfalls

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  MW UPDATE: 'Holy smokes, I'm a $TSLA-naire!' Here's how quickly Tesla has turned modest investments into seven-figure windfalls   Shawn Langlois  A decade later and a $5,800 flyer in an upstart electric-car company would have turned a savvy or lucky investor into a millionaire. Or, in Brandon Smith's case, an initial investment of $10,000 in 2017 along with some small additional purchases along the way did the trick.  Earlier this month, Smith celebrated his "TSLA-naire" status in a tweet:  Smith, who doesn't even own a Tesla (TSLA) vehicle, is one of countless fans who have pledge their undying devotion to Elon Musk and, to this point, have been rewarded handsomely for sticking to their plans.  "I don't make six figures, and I don't know anything about puts and options," Smith told Bloomberg News in a recent interview (https://www.bloomberg.com/news/articles/2020-12-18/tesla-s-tsla-stock-price-an-army-of-millionaire-retail-traders-

Russell 2000 marks 13th record of 2020 but Dow, S&P 500 log modest gains in penultimate session before Christmas

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  MW Russell 2000 marks 13th record of 2020 but Dow, S&P 500 log modest gains in penultimate session before Christmas   Most U.S. stock benchmarks finished modestly higher Wednesday, losing some momentum in the final hour of trade, as investors shook off economic reports that painted a mixed, and unsteady picture of the economic recovery from the COVID-19 pandemic, ahead of the Christmas holiday. The small-capitalization Russell 2000 index outstripped its larger-cap brethren, finishing at a record, up more than 1%, and marking its 13th of 2020. Meanwhile, the larger-cap S&P 500 index ended up less than 0.1% at around 3,690, the Dow Jones Industrial Average gained 0.4% to about 30,129, while the Nasdaq Composite Index closed 0.3% at 12,271. U.S. economic data out Wednesday was mixed. There were 803,000 applications for jobless benefits in the most recent week, a decline of 89,000 from the prior week though the labor market overall remains weak. Personal incomes slid 1.1% in Nove

10 Things Apple Investors May Wish For In 2021

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  Apple Inc  (NASDAQ: AAPL ) shares have soared 80% thus far this year, and heading into 2021, investors may have the following 10 things as their Christmas wish list for the tech giant, according to Wedbush analyst Daniel Ives. iPhone 12  becoming the ultimate supercycle, resulting in sales of over 240 million units in 2021. Services business hitting an annual revenue run-rate of $65 billion in 2021 and remaining key to Apple's success and monetization story for years to come. Acquiring a major studio to bolster its content efforts around Apple TV+ and its streaming ambitions; Sony Pictures,  Lions Gate Entertainment Corp. Class A  (NYSE:  LGF-A ) and A24 could be potential targets. LiDAR tech in all 2021 iPhones, with double the current storage capacity. An EV strategic partnership that lays the groundwork for foraying independently into the lucrative EV market. Unveiling of Apple Glasses, its first augmented reality eyewear, at WWDC 2021. Settling of litigation with  Epic Games

UPDATE 1-Tennessee emerges as new COVID-19 epicenter in U.S. as pandemic rages

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  (Adds new CDC numbers, comments from congresswoman, California governor) By Gabriella Borter and Dan Whitcomb NEW YORK, Dec 23 (Reuters) - Tennessee emerged on Wednesday as an epicenter of the latest COVID-19 surge as U.S. political leaders sought to guard against a highly contagious variant sweeping across Britain. The southern state averaged nearly 128 new infections per 100,000 people over the last seven days, the highest state rate in the country, according to U.S. Centers for Disease Control and Prevention data. It was followed by California at 111 new cases per 100,000 residents. "Our state is ground zero for a surge in COVID-19 and we need Tennesseans to (do) their part," Tennessee Governor Bill Lee said on  Twitter  with a graphic stating: "Tennessee cannot sustain another holiday surge." Public health officials believe that Americans traveling and gathering for the Thanksgiving holiday contributed to the latest explosion in cases. All told 31 U.S. states

Quality One Wireless, B.C. Rich Guitars, and Once Upon A Coconut Team Up with Baby DJ & Johnny Magic to Donate Over $50,000 in Christmas Presents to Central Florida Families in Need

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  ORLANDO, Fla., Dec. 23, 2020 /PRNewswire/ -- Earlier this month, Orlando-based Quality   One   Wireless, a global leader in wireless distribution based in Orlando, Florida, continued their tradition of partnering with Central Florida's top-rated morning radio show host Johnny Magic, and his Baby DJ Christmas Fund & Toy Warehouse program. Baby DJ allows area children from economically disadvantaged families to retain the magic of Christmas by collecting toys and distributing them to children in families that otherwise would not have a Christmas. The unique challenges of 2020 have made this year a particularly trying one for many families, and as such the employees of Quality One donated over $50,000 of goods including bicycles, toys, Nintendo  Switch  consoles, and educational games. Participating companies B.C. Rich Guitars (https://bcrich.com) and Once Upon a Coconut (https://onceuponacoconut.com) coconut water also donated 10 electric guitars as well as several cases of coc

The Daily Biotech Pulse: Supernus Issues Positive ADHD Readout, Sorrento Files For Emergency Use Authorization For Rapid COVID-19 Test, Inhibikase To Make Wall Street Debut

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  Here's a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting 52-week Highs Dec. 22) Aclaris Therapeutics Inc  (NASDAQ: ACRS ) Adaptive Biotechnologies Corp  (NASDAQ: ADPT ) Allakos Inc  (NASDAQ: ALLK ) Allovir Inc  (NASDAQ: ALVR ) Alpine Immune Sciences Inc  (NASDAQ: ALPN ) Amicus Therapeutics, Inc.  (NASDAQ: FOLD ) Arrowhead Pharmaceuticals Inc  (NASDAQ: ARWR ) Arvinas Inc  (NASDAQ: ARVN ) Atea Pharmaceuticals, Inc.  (NASDAQ: AVIR ) Athira Pharma Inc  (NASDAQ: ATHA ) AtriCure Inc.  (NASDAQ: ATRC ) Beam Therapeutics Inc  (NASDAQ: BEAM ) BioNTech SE – ADR  (NASDAQ: BNTX ) Bioanalytical Systems, Inc.  (NASDAQ: BASI ) BIO-TECHNE Corp  (NASDAQ: TECH ) BioLife Solutions Inc  (NASDAQ: BLFS ) Blueprint Medicines Corp  (NASDAQ: BPMC ) BridgeBio Pharma Inc  (NASDAQ: BBIO ) C4 Therapeutics Inc  (NASDAQ: CCCC ) CareDx Inc  (NASDAQ: CDNA ) Corcept Therapeutics Incorporated  (NASDAQ: CORT ) Denali Therapeutics Inc  (NASDAQ: DNLI )