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CF Finance Acquisition Corp. II Announces Separate Trading of Class A Common Stock and Warrants

October 13, 2020

Press release content from PR Newswire. The AP news staff was not involved in its creation.

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NEW YORK, Oct. 13, 2020 /PRNewswire/ — CF Finance Acquisition Corp. II (Nasdaq: CFIIU, the “Company”) announced today that, commencing October 15, 2020, holders of the 50,000,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “CFII” and “CFIIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “CFIIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer

GBP/CAD: Range Trading Is Likely, Yet GBP Could Surprise To The Upside In 2021

October 10, 2020

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The GBP/CAD currency pair, which expresses the value of the British pound sterling in terms of the Canadian dollar, has managed to continue to fend off long-term lows over the past few years. However, in spite of Brexit (the U.K.’s decision to leave the European Union, which was announced on 23 June 2016), GBP/CAD has in fact managed to continue to trade above the lows of 2010 to 2013.

The long-term monthly candlestick chart below illustrates price action from as early as January 1975. Two levels are highlighted: 1.60 and 1.50. GBP has managed to safely avoid the 1.50 handle since the announcement of Brexit, although current prices above the 1.70 handle are still a far cry from the highs above 2.00 in the latter half of 2015 (and early part of 2016).

(Source: TradingView. The same applies to all subsequent candlestick charts presented hereafter.)

If we focus

AMD and Xilinx: Trading the Stocks Amid Acquisition Talks

October 9, 2020

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Advanced Micro Devices (AMD) – Get Report and Xilinx (XLNX) – Get Report were on the move Friday as a possible acquisition was in the works.

Shares of Xilinx were up almost 17% at one point Friday on news that AMD was working toward a $30 billion takeout of the company. For its part, AMD stock had fallen about 4% on the news.

The news is coming in fast and furious, with TheStreet’s own Jim Cramer suggesting that Xilinx may not be interested in a buyout.

All of this comes after Nvidia’s (NVDA) – Get Report recent announcement that it will acquire Arm Inc. in a $40 billion deal. Clearly both Nvidia and AMD are looking to spread their dominance and grow through M&A.

What do the charts make of the news? Let’s look.

Nvidia and AMD are holdings in Jim Cramer’s Action Alerts

Profiting From Trading Stocks Of The S&P 500 Healthcare Sector (NYSEARCA:XLV)

October 8, 2020

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This previous article described a profitable trading strategy with the stocks of the Technology Select Sector SPDR ETF (XLK), and this article described a strategy with the consumer staples stocks (XLP) of the S&P 500. Similarly, the healthcare stocks of the S&P 500 can be profitably traded to provide good returns.

Emulating the Healthcare Select Sector SPDR ETF

The analysis was performed on the on-line portfolio simulation platform Portfolio 123.

Since historic holdings of the Healthcare Select Sector SPDR ETF (XLV) are not published, a custom universe was constructed from the S&P 500 healthcare stocks of FactSet’s Revere Business Industry Classifications System.

The rule to set up the custom universe “S&P 500 (HEALTH)” in Portfolio 123 is: RBICS(HEALTHCARE).

The current holdings (61 stocks) of S&P 500 (HEALTH) are almost identical to the current holdings of XLV (63 stocks).

Backtesting of S&P 500 (HEALTH) universe

A backtest from 1/2/2009 to 9/23/2020

Nasdaq Inc. in talks with Texas Gov. Abbott about relocating trading systems to D-FW, sources say

October 7, 2020

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Nasdaq Inc. is in talks with Texas Gov. Greg Abbott about potentially relocating the exchange’s electronic trading systems from New Jersey to Dallas-Fort Worth, according to two sources familiar with the discussions.

Other trading exchanges also could be involved in the discussions, both sources said.

Nasdaq is planning a visit to Texas to meet with the governor, according to one of the sources. Leaders of the exchange have had “a great dialogue” with Abbott, the source said.

The exchange, which has 87 employees in the state, is intrigued by an opportunity touted by Abbott to power its electronic infrastructure with renewable energy from wind farms in the state, according to one of the sources. Nasdaq is the trading platform for many of the nation’s environmentally conscious companies.

When Facebook invested $1 billion in building its massive data center at AllianceTexas north of Fort Worth, it struck a deal to buy

Finance Sharpens Its Attack Against New Jersey’s Tax on Trading

October 6, 2020

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(Bloomberg) — The financial-services industry stepped up its battle against a proposed tax on high-speed trading in New Jersey, calling the idea bad for individual investors.

© Photographer: Spencer Platt/Getty Images North America
NEW YORK, NY – JULY 30: People are reflected in the window of the Nasdaq MarketSite in Times Square on July 30, 2018 in New York City. As technology stocks continued their slide on Monday, the Nasdaq Composite dropped 1.1 percent in afternoon trading with shares of Facebook, Netflix, Amazon and Google-parent Alphabet all declining. (Photo by Spencer Platt/Getty Images)

The tax would hurt pension funds and people who invest in financial markets for savings, according to letters from more than two dozen industry trade groups including the Securities Industry and Financial Markets Association and the Financial Services Institute. The plan “would effectively represent a sales tax on investors,” the groups said in the letters to lawmakers.

3 High-Return Guru Stocks Trading Below the GF Value Line

October 6, 2020

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– By Margaret Moran

GuruFocus has recently developed the GuruFocus Fair Value Line, a unique method of estimating the intrinsic value of a stock. Building off of the popular Peter Lynch chart, which compares a stock’s current price to how much its earnings per share would be worth if it traded at a price-earnings ratio of 15, the GF Value Line seeks to take more than price alone into account when attempting to determine value. This new metric considers the following three categories of information:

Historical price-earnings, price-book, price-sales and price-to-free cash flow ratios.
A GuruFocus adjustment factor based on the company’s past returns and growth.
Future estimates of the business’ performance.

GuruFocus users can now use the All-in-One Screener to screen for stocks based on how their current share prices compare to the intrinsic value estimated by the GF Value Line. If the ratio of the price to the

BitMEX Ether Futures Trading Contracts Fall by Half in Wake of U.S. Charges

October 6, 2020

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Ether futures open interest on BitMEX has fallen by half since U.S. charges were announced last week.

Investor interest in ether futures traded on BitMEX has declined sharply since the Seychelles-based cryptocurrency exchange was charged Thursday with illegally operating an unregistered derivatives-trading platform that accepted U.S. customers.

At press time, ether futures contracts worth $63 million (179,000 ETH) are open or active on BitMEX, the lowest since May 15, according to data source Skew.
Open interest is down nearly 50% from the $125 million observed on Oct. 1.
Last week, the U.S. Commodity Futures Trading Commission (CFTC) filed civil charges against BitMEX, and the Department of Justice brought criminal charges against BitMEXÃ¢ÂÂs owners for facilitating money laundering and other illegal transactions.

Open interest in ether futures on BitMEX was declining even before last weekÃ¢ÂÂs charges, in line with a downdraft witnessed across the industry. It had peaked at $214 million on Sept. 1.
SeptemberÃ¢ÂÂs 17% decline in etherÃ¢ÂÂs price likely dented short-term optimism, causing a slide in

The ‘hidden gem’ Dallas company that owns the Yellow Pages just went back to the trading floor

October 2, 2020

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Thryv Holdings, the Dallas-based company that owns the Yellow Pages, began trading shares of its common stock on the Nasdaq on Thursday, hoping to attract investors with its growth into a small-business-management platform.

Perhaps you haven’t opened or even seen a physical Yellow Pages book in years, but you’ve certainly seen the online Yellow Pages appear in search engine results. That evolution of the legacy Yellow Pages print product to a digital one has been the focus of Thryv president and CEO Joe Walsh and his team.

For five years, the company also has been building out an all-in-one business-management platform, called Thryv, that specifically caters to small- and mid-sized businesses. Think Salesforce, but for companies with two to 50 employees.

“We have the Yellow Pages, and the Yellow Pages come with hundreds and hundreds of thousands of mom-and-pop small businesses,” Walsh said. “So we built something that was appropriate

GLOBAL MARKETS-Asian markets mixed in early trade, Tokyo edges up after trading outage

October 2, 2020

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By Stanley White and Pete Schroeder

TOKYO/WASHINGTON, Oct 2 (Reuters) – Asian markets were little changed on Friday, as a U.S. stimulus deal remained out of reach and investors waited on fresh U.S. employment data for a read on the economic toll from the coronavirus pandemic.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.11%. Australia’s benchmark S&P/ASX 200 index .AXJO fell 0.86% as a decline in oil and copper prices weighed on the resources sector.

Japan’s Nikkei 225 index .N225 was up 0.19% after the Tokyo Stock Exchange (TSE) resumed normal trading after its worst-ever outage brought the world’s third-largest equity market to a standstill.

U.S. stock futures ESc1 fell 0.23% as an additional economic stimulus package remained elusive despite renewed efforts from Washington negotiators.

After a day of negotiations, House Speaker Nancy Pelosi told reporters she did not expect an imminent agreement with the