Update Archives - Zxcoachoutlet

These FTSE 100 Shares Are About To Update The Market. Should You Buy Them Today?

October 10, 2020

These UK shares are set to release fresh financial details over the next couple of weeks. Is now the time to buy in? Or should you give them a very wide berth?

Barclays

Imminent third-quarter financials from FTSE 100 banking colossus Barclays are bound to attract plenty of attention. This is a reflection of the blue chip’s standing in its own right as well as its role as a barometer of the health of the British economy. And I have to tell you that I’m not too optimistic over what they’ll show.

UK banks have already been forced to suck up gigantic impairments resulting from the Covid-19 crisis. Barclays itself announced it had booked £3.7bn worth of credit impairments in its half-year trading update in July. Profits at the bank sunk to £1.3bn between January and June from £3bn a year earlier, too. I fear

S&P 500 Weekly Update: Dow Transports And Small Caps Lead This Leg Of The Rally

October 10, 2020

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“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.” – Jesse Livermore

Anyone who follows the equity market realizes that they are faced with what I described last week as a foggy outlook in the near term. When that occurs, I try not to get swayed and then sidetracked into forgetting the long-term trends that are in place.

An investor has to be reactionary waiting for the market to give them clues, then reacting appropriately. I take my leads from price action, momentum, sentiment, and other indicators. All designed for me to decipher what the market is telling me. Never drifting too far from the one key that serves as the foundation of my current strategy. That is staying focused on the major trend that is in place, and that remains without question in favor

IPO Update: InMed Pharmaceuticals Readies IPO Uplisting (Pending:INM)

October 9, 2020

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Quick Take

InMed Pharmaceuticals (INM) intends to raise $10 million from the sale of common stock and warrants in an uplisting / Nasdaq IPO, according to an amended registration statement.

The company is developing cannabis-derived treatments for skin and eye conditions.

INM is still at a preclinical stage of development and is thinly capitalized; the IPO may be more suited to long-term hold institutional investors, so I’ll watch the IPO from the sidelines.

Company & Technology

Vancouver, Canada-based InMed was founded to advance drug programs for epidermolysis bullosa [EB], a skin condition that results in layers of skin not sticking to each other and for glaucoma, an eye condition that damages the optic nerve.

Management is headed by president and Chief Executive Officer Eric Adams, who has been with the firm since 2016 and was previously CEO at EnGene and held senior roles at QLT.

Below is a brief overview

Tradeweb Government Bond Update – September 2020

October 8, 2020

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August’s government debt sell-off proved to be short-lived. Amid a flurry of central bank and economic news, 10-year government bond yields fell in September, with some pushed further into negative territory.

Italy’s 10-year bond mid-yield saw the largest decline, plunging 26 basis points to finish the month at 0.82%. Yields on Portugal and Spain’s benchmark notes also posted significant drops, decreasing by 15 basis points to 0.26% and 0.25%, respectively. While Portuguese Finance Minister Joao Leao said the economy was recovering better than expected, the European Commission still predicts a GDP contraction of 9.8% this year. Similarly, Spain’s GDP is expected to contract by 10.9% this year, however, the country’s Economy Minister Nadia Calvino forecasted an expansion of more than 10% in the third quarter.

Meanwhile, the German 10-year Bund yield fell by nearly 12.5 basis points to close at -0.53%. Data from Germany’s Federal Statistical Office showed that consumer

Riot Blockchain Continues Hash Rate Expansion to 2.3 EH/s and Provides Deployment Update

October 7, 2020

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Riot Continues Its Second Phase of Transformation with New Purchase of 2,500 S19 Pro Antminers from Bitmain for December 2020 delivery, Announces Receipt and Deployment of Previously Ordered S19 Pro miners

CASTLE ROCK, Colo., Oct. 6, 2020 /PRNewswire/ — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Company”), continues its operational expansion with the purchase of an additional 2,500 next generation S19 Pro Antminer (110 TH/s) cryptocurrency miners for USD $6.1 million from BitmainTech PTE. LTD. (“Bitmain”), scheduled for receipt and deployment delivery in December 2020.

As part of Riot’s focus on the transformational expansion of its mining operations, it has opted to take advantage of new S19 Pro production capacity from its partner Bitmain by purchasing these 2,500 additional S19 Pro miners, with delivery scheduled to occur before the end of the year. With this purchase, the Company expects to reach 842 PH/s in operational hash

These Top Stocks Are Just About To Update The Market. Is Now The Time To Invest?

October 6, 2020

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Stock exchange market concept, hand trader touching on smartphone with graphs analysis candle line on bokeh colors light in night atmospheric city. — getty

These three UK shares are set to furnish the market with trading updates in the days and weeks ahead. Should you buy them ahead of these fresh statements? Here I take a look.

Robert Walters

It’s unsurprising that multinational recruitment specialist Robert Walters has seen its share price collapse in 2020. Since trading started on New Year’s Day its stock has lost a jaw-dropping 32% of its value as the global economy has suffered a Covid-19 shock.

I worry, too, that this most cyclical of shares could be in for a significant period of bottom line pressure. And that third-quarter financials slated for this week (Thursday, 8 October) could exacerbate market fears and prompt a fresh share price slump. Robert Walters certainly spooked in July when it declared that revenues tanked 22% in the first six months of 2020.

Latest research from Manpower Group
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Revisiting The Simple Retirement Portfolio – Q3 2020 Update

October 6, 2020

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About four months ago, I wrote about the Simple Retirement Portfolio, meant to provide retirees with, well, a simple retirement portfolio, but one meant to outperform comparable indexes and funds, while providing retirees with a strong yield and all the diversification they need. I thought an update on the portfolio’s performance might be of interest to readers and investors, especially considering recent heightened market volatility.

The portfolio as a whole has performed as expected, moderately outperforming its index with gains of 9.30%.

The portfolio’s equity picks have also slightly outperformed the S&P 500, due to a greater focus on international equities and the mid-cap sector.

The portfolio’s fixed income picks have significantly outperformed the broader bond market, due to a savvy selection of funds and management alpha.

Strong results these past few months, expect more of the same in the coming years. That is the goal at least.

What follows

UPDATE 1-London court fast-tracks FCA insurance test case appeal to Supreme Court

October 2, 2020

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By Kirstin Ridley, Carolyn Cohn

(Adds details, background)

LONDON, Oct 2 (Reuters) – London’s High Court on Friday approved a fast-track appeal of an unprecedented test case against some of the world’s biggest insurers, brought by Britain’s markets regulator, allowing it to leapfrog straight into the Supreme Court.

The decision was expected, but nevertheless spells further delays for thousands of struggling businesses battered by the coronavirus pandemic, who had hoped a judgment delivered two weeks ago would lead to prompt payment of disputed claims.

At a webcast hearing on Friday to hammer out how judges should word court orders to reflect and distil last month’s complex, 160-page judgment, judges approved the necessary certificate to allow the highest court to consider the case.

The Financial Conduct Authority (FCA) brought a case against eight insurers in June to clarify whether 21 policy wordings, affecting potentially 700 types of policies, 60 insurers, 370,000

German Cases Jump; Israel Sees Record Infections: Virus Update

October 1, 2020

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(Bloomberg) — Global coronavirus cases approached 34 million, with Germany reporting the highest number of infections since April amid a resurgence in Europe. Israel saw a record 8,919 new cases after a dip in numbers over the holiday weekend.

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European regulators are set to start an accelerated review of AstraZeneca Plc’s Covid-19 vaccine, even as the U.S. Food and Drug Administration is reported to have widened its investigation into a trial participant who fell ill.

U.S. carriers American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off a combined 32,000 workers as they contend with the unprecedented collapse in travel demand. The Centers for Disease Control and Prevention extended a ban on cruises in the U.S., saying further action is needed before cruises can safely resume.

Key Developments:

Global Tracker: Cases top 33.9 million; deaths exceed 1 millionEuropean regulators are said to speed review of

UPDATE 1-Money market turmoil in March shows past reforms may be insufficient-U.S. Treasury official

September 29, 2020

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(Adds background, additional quotes from Muzinich, context on fund industry)

WASHINGTON, Sept 29 (Reuters) – Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decade-old reforms to the industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Secretary Justin Muzinich said on Tuesday.

Muzinich said in remarks to a New York Federal Reserve conference that the Money Market Mutual Fund Liquidity Facility created in March was critical to restoring financial market functioning as broad shutdowns of the U.S. economy got underway.

But high demand for fund withdrawals was due to different metrics than those operating during the 2008 financial crisis, he said.

In 2008, the Reserve Primary Fund “broke the buck” when its net asset value fell below $1 as a banking crisis accelerated, causing a stampede of fund withdrawals that were quelled only by a U.S. Treasury backstop for