Price Archives - Zxcoachoutlet

General Electric Gains on Goldman Sachs Rating, Price Target

October 9, 2020

General Electric GE shares jumped higher in pre-market trading Friday after analysts at Goldman Sachs resumed coverage of the industrial group with a buy rating and a $10 price target.

Goldman Sachs analyst Joe Ritchie, citing the progress towards a ‘”leaner, structurally more productive company with better capital discipline” during the two-year tenure of CEO Larry Culp, said the group’s free cash flows will improve next year as its higher-margin businesses recover from the worst of the coronavirus pandemic. He also argues there is potential upside for both the stock and its longer-term price target heading into the group’s third quarter earnings on October 28.

Culp told investors last month that GE’s industrial free cash flows would be positive before the end of this year, a noted improvement from his July update that it would likely turn positive on in 2021.

General Electric shares were marked 3.3% higher in early

Commerce Bancshares: Solid Operator But A Rich Valuation Limits Share Price Upside (NASDAQ:CBSH)

October 8, 2020

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Investment Thesis

Based in Kansas City, Missouri, Commerce Bancshares, Inc. (CBSH) is a $30.5 billion asset holding company and parent to Commerce Bank. CBSH has a rich history of lending to the Midwest for more than 150 years. It currently operates a little over 160 branches with serving its local markets located in Colorado, Illinois, Kansas, Missouri, Oklahoma and Texas.

To me, CBSH is a bank that you would want to own in the beginning of a recession and but not necessarily today. Since the bank has a solid net interest margin and operating expense base it is typically more profitable than the average peer bank, and because of this has a that valuation is typically higher than peers. As one can see from the chart below, it currently trades at ~2.2x price to tangible book value per share.

While I do think that CBSH has a great mouse-trap, the

CleanSpark Is A Failed Business Roll-Up In A Vicious Court Battle With Its Largest Shareholder – $3 Price Target (NASDAQ:CLSK)

October 8, 2020

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CleanSpark, Inc. (CLSK) claims to provide software as a service, physical controllers, and consultation services to renewable energy infrastructure. This allows the company to have a diverse range of tools and abilities to help a client create a suitable microgrid platform. However, the reality is CLSK’s microgrid business has not gained any traction, and we doubt it ever will.

CLSK was a former OTC traded stock and got uplisted to the Nasdaq on 1/24/20. CLSK has been trading between $2-$3 from early March until early July, which is a fraction of its current price, which closed at $10.40 on 10/7/20. We believe the reason for the rapid rise in share price is due to news flow with buzz words that attract retail investors, primarily regarding microgrids and electric vehicle batteries and charging stations, sectors that have become hot this quarter.

However, its business hasn’t generated significant revenues and its losses

Netflix will surge 28% to Street-high price target of $650 on increasing users and prices, Pivotal Research says

October 7, 2020

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Reed Hastings (L), co-founder and CEO of Netflix, and Ted Sarandos, Netflix chief content officer, pose for photographs during a news conference in Seoul, South Korea, June 30, 2016
Kim Hong-Ji/Reuters

Netflix received a Street-high price target of $650 on Wednesday from Pivotal Research Group, representing potential upside of 28% from Tuesday’s close.
Pivotal said Netflix is set to continue benefiting from a “virtuous cycle” of growing its subscriber base, increasing its spend on original content, and raising the price of its monthly subscription.
Netflix is “due for an increase” in price as early as January 2021, according to Pivotal.
Visit Business Insider’s homepage for more stories.

Netflix is engaged in a “virtuous cycle” of growing its business and extending its lead against other video streaming services, Pivotal Research Group said in a note on Wednesday.

This cycle is just one reason Pivotal increased its Netflix price target to

FOREX-Dollar dips on hopes of some stimulus, markets price for a Biden victory

October 7, 2020

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By Karen Brettell

NEW YORK, Oct 7 (Reuters) – The dollar dipped on Wednesday as risk appetite improved on hopes of at least some new fiscal stimulus before the November 3 U.S. Presidential election, and as investors priced for the prospect of a Democrat victory next month.

President Donald Trump said late on Tuesday that Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pandemic.

Trump had earlier on Tuesday abruptly ended talks with Democrats on an economic aid package, which sent stock markets tumbling and boosted demand for the dollar.

“Those comments about having some options regarding putting some of the stimulus plans back in action certainly has buoyed the market and injected more optimism, and you can see that’s why the dollar’s weaker today, it’s really a ‘risk on’

German debt price up on weaker data; Italian 10-year yield hits 1-year low

October 7, 2020

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By Olga Cotaga

LONDON, Oct 7 (Reuters) – The price for benchmark German debt increased on Wednesday after German industrial output unexpectedly slipped in August, suggesting the recovery in Europe’s largest economy from the coronavirus shock could be weaker than hoped.

German 10-year yields fell 1.6 basis points to -0.52% DE10YT=RR after inching to a two-week high on Tuesday.

The day before, the gap between German and U.S. 10-year yields US10DE10=RR widened to its largest since March as U.S. yields rose. They gave back those gains after President Donald Trump on Tuesday abruptly cancelled talks in Washington over coronavirus aid.

For the Italian 10-year government bond, the yield fell to its lowest in more than a year at 0.765% IT10YT=RR as traders expected more monetary policy stimulus from eurozone’s central bank. It last traded down 1.6 bps.

On Friday, the Italian 10-year BTP yield fell to a record low

Russia’s Sovcomflot expected to price at low end of range -bookrunners

October 6, 2020

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By Olga Popova and Arno Schuetze

MOSCOW/FRANKFURT, Oct 6 (Reuters) – Russian shipping company Sovcomflot is guiding investors to expect its initial public offering (IPO) to price at the low end of the marketing range, two bookrunners organising the transaction said on Tuesday.

The first big stock market float by a Russian company in a couple of years comes as wider investor sentiment towards Moscow has turned negative after the poisoning of Kremlin critic Alexei Navalny, protests in Belarus and renewed clashes in Nagorno-Karabakh.

Russian assets, and the rouble in particular, have been under pressure since August, with the sell-off intensifying as rising coronavirus cases globally and at home add to investor concerns.

Increased volatility has weighed on investor demand in many markets and a number of IPOs have been priced at the low end of the marketing range, including Lithuanian utility Ignitis and German defence supplier Hensoldt .

Wild gas price swings reveal doubts about winter, supplies

October 5, 2020

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Rollercoaster moves in the natural gas market over the past few weeks are underscoring traders’ uncertainty about whether a frigid winter, muted output, and rebounding demand will send prices rocketing higher in the coming months.

Gas futures settled more than 7 percent higher on Monday, mimicking gains in oil and equities. But just two weeks ago, prices posted their biggest one-day loss in almost two years. Historical volatility has surged to levels not seen since late 2018, and implied volatility, a measure of how dramatic price swings may be going forward, is the highest in data going back to 2010.

Bullish bets on US gas have soared as traders wager on lackluster production and surging demand heading into winter. Liquefied natural gas exports are rising as consumption recovers from pandemic-driven lockdowns, and as terminals restart after storm-related outages and maintenance. Meanwhile, shale output remains subdued as drillers heed investor calls

SLV: ETF Investors Can Push Its Price Back To Its YTD High By Adding Just ~500 Tonnes To Their Holdings (NYSEARCA:SLV)

October 5, 2020

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We have been particularly bullish on the iShares Silver Trust ETF (NYSEARCA:SLV) in recent months after the massive policy from the Fed in response to the COVID-19 macro shock. In this regard, we have not been disappointed by the substantial appreciation in SLV – SLV rose as much as 120% from its mid-March low to its year YTD high established in August.

Source: Bloomberg, Research

The iShares Silver Trust ETF

SLV seeks to track the performance of silver spot prices by physically holding silver bars in England or New York.

The physically-backed methodology used by SLV prevents investors from getting hurt by the current contango structure of the COMEX silver forward curve (forward>spot) contrary to a futures contract-based methodology.

Its expense ratio is 0.50% per year.

SLV has come under renewed downward pressure since it reached its highs since April 2013 earlier this summer. In this note, we investigate whether

Ethereum Price Could Drop To $310: Here’s Why

October 5, 2020

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KEY POINTS

Ethereum has failed to break the key resistance at $370 and has stayed within $350
Bulls were able to protect the $350 level by preventing a drop to $340
Failure of these major supports could mean Ethereum would be visiting $310 soon

Ethereum has failed to break the key resistance at $370 and has further drop to $350. Losses due to the decreasing hype surrounding decentralized finance, as well as key technical indicators, are looking to bring Ethereum down to $310 in the short term.

Ethereum closed Sunday at $352 on Coinbase but that’s after failing to break past $370 three days prior. The failure to break is attributed to the news that derivatives exchange BitMEX was charged by both the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) of failure to implement required anti-money laundering (AML) and know-your-customer (KYC) features. The drop in Bitcoin