• Breaking News

    Wednesday, March 2, 2022

    Stock Market - Moscow Exchange won't resume stock trading on Wednesday

    Stock Market - Moscow Exchange won't resume stock trading on Wednesday


    Moscow Exchange won't resume stock trading on Wednesday

    Posted: 02 Mar 2022 02:00 AM PST

    Russia shuts its stock market for a 3rd day as its government readies $10 billion to buy up plunging assets

    Posted: 02 Mar 2022 06:53 AM PST

    Bitcoin Could Be in for Big March Run, Says Expert

    Posted: 02 Mar 2022 09:35 AM PST

    Gazprom, Lukoil and Sberbank are now penny stocks as Russian companies collapse in London

    Posted: 02 Mar 2022 10:20 AM PST

    Ukraine conflict: Oil hits $110 a barrel despite emergency measures. Need to buy some oil stocks to hedge the gas fee in California. $6 a gallon now!

    Posted: 01 Mar 2022 11:40 PM PST

    Market close - Tuesday, March 1st, 2022

    Posted: 01 Mar 2022 01:29 PM PST

    The crime on $muln

    Posted: 01 Mar 2022 11:13 PM PST

    Here's Your Daily Market Brief For March 2nd

    Posted: 02 Mar 2022 05:09 AM PST

    📰 Top News

    US stock futures rose in Wednesday morning trading as oil prices surged amid intensifying conflict between Russia and Ukraine.

    Putin to "feel the pain" - US President Joe Biden, delivering his first "State Of the Union" address, promised to "inflict pain" on Russian President Vladimir Putin in response to his unprovoked invasion of Ukraine. Note: "We are choking off Russia's access to technology that will sap its economic strength and weaken its military for years to come," Biden said.

    Global hacking group targets Russia - A murky online group known as Anonymous has declared it has launched a cyberwar against Russian President Vladimir Putin and his government. Note: In a series of online posts the group claimed it was responsible for pulling down websites of numerous Russian state and media agencies.

    Let there be oil! - The International Energy Agency's 31 member countries agreed to release 60 million barrels of oil from their strategic reserves to aid the global oil supply. Note: The move comes as the organization said it would "send a strong message to oil markets" that supplies won't fall short after the Russian invasion of Ukraine.

    🎯 Price Target Updates

    BofA Securities downgrades SoFi. SOFI downgraded to NEUTRAL from BUY - PT $14

    Wolfe Research downgrades Zoom. ZM downgraded to PEER PERFORM from OUTPERFORM - PT $100 (from $140)

    DZ Bank upgrades Chevron. CVX upgraded to BUY from HOLD - PT $167

    📻 In Other News

    Apple put Russia on ice - Apple announced that it has stopped selling its products on its Apple store in Russia. Note: The company also said it had removed Russian state-controlled outlets RT News and Sputnik News from its app store around the world.

    Uber moving beyond ride-hailing - A new feature being rolled out by ride-hailing giant Uber will allow users to book dinner reservations, concert tickets, and other events directly through the Uber app. Note: According to the company, the feature, called "Uber Explore" is part of its strategy to expand beyond rides and create new revenue streams.

    No-fly zone - US President Joe Biden announced that Russian aircraft will be banned from flying through US airspace. Note: The move would prohibit planes that are owned or registered by Russians from flying over the United States, the latest coordinated approach between the US and its allies amid the Kremlin's war in Ukraine.

    📅 This Week's Key Economic Calendar

    Wednesday: Fed Chair Jerome Powell testifies at House Committee, ADP Employment report, Beige Book

    Thursday: Initial Jobless Claims (wk end Feb 26), New York Fed President John Williams speaks

    Friday: Non-farm payrolls, Unemployment Rate

    📔 Snippet of the Day

    Quote of the day: "Keep and open mind. But not so open that your mind falls out" - Cliff Asness.

    submitted by /u/hivincentc
    [link] [comments]

    Canaccord analyst says ZYNE is undervalued

    Posted: 02 Mar 2022 11:12 AM PST

    Canaccord Genuity (TSX:CF, LSE:CF) said it continued to believe that Zynerba Pharmaceuticals (NASDAQ:ZYNE) is undervalued after the company reported its fourth-quarter financial results that showed a $67.8 million cash runway to advance its flagship Zygel CBD Gel for Fragile X Syndrome.

    "We continue to believe that Zynerba, at its enterprise value of around $20 million, remains undervalued as it is pursuing high-risk/high-reward indications where the unmet need is high," Canaccord analysts wrote in a note.

    submitted by /u/ReggieLab
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    Glory to the Doge Federation!

    Posted: 02 Mar 2022 10:51 AM PST

    Wainwright's 5-star analyst likes SAVA

    Posted: 02 Mar 2022 06:28 AM PST

    Given the company initiated two separate Phase 3 studies of simufilam (RETHINK-ALZ and REFOCUS-ALZ), H.C. Wainwright's 5-star analyst Vernon Bernardino believes 2021 "ended strong."

    "With independent third-party confirmation by the prestigious journal, Neuroscience, that there was no evidence of data manipulation we believe the overhang that doggedly impacted Cassava stock in 2021, which at one point cast doubt whether the company would be able to initiate Phase 3 studies, is now past," the analyst went on to say. As such, Bernardino thinks "strong integrity exists" in the simufilam data.

    Bernardino reiterated a Buy rating, backed by a $124 price target. This suggests shares will soar ~209% over the coming year.

    submitted by /u/ReggieLab
    [link] [comments]

    OXY - DRILL BABY DRILL. I UNLOADED 50% OF MY SHARES WHICH I'VE HOLDED FOR OVER 2 YEARS @ 40. $ WHAT ARE PEOPLES OPINION FOR THE FUTURE. UP AND UP ?

    Posted: 02 Mar 2022 05:38 AM PST

    Follow the money: Ukraine war boosts Bitcoin and green stocks as crypto helps Russians and oligarchs to get funds out

    Posted: 01 Mar 2022 07:16 AM PST

    NIO has its Eyes Trained on a Bigger Goal

    Posted: 02 Mar 2022 12:24 AM PST

    Moscow Exchange - that ratio is weirdly abnormal. Does it mean anything?

    Posted: 01 Mar 2022 08:05 PM PST

    Stocks extend losses as Russia intensifies attacks on Ukraine

    Posted: 01 Mar 2022 09:50 AM PST

    Recently started trading $SPY. Is this normal? Seems heavily manipulated

    Posted: 02 Mar 2022 07:52 AM PST

    Here's Your Daily Market Brief For March 1st

    Posted: 01 Mar 2022 04:39 AM PST

    📰 Top News

    US stock futures started March negative, falling Tuesday as investors continued to monitor activity between Russian and Ukrainian officials.

    Stalemate in Russian-Ukrainian talks - Economic pressure against Russia continues to mount after an initial round of talks with Ukraine end with no resolution. Note: Officials from both countries said the sides could hold more negotiations amid Moscow's invasion of Ukraine.

    Russian Ruble plunges - The Russian ruble collapsed 30% against the US dollar, an all-time low, as markets assessed the impact of sanctions on Russia. Note: Russia's Central Bank confirmed it barred its brokers from carrying out sell orders from foreigners as it sought to contain the financial fallout.

    Climate alarm - A report from the United Nations Intergovernmental Panel on Climate Change says that reactive or incremental changes are no longer sufficient to tackle the climate emergency. Note: The report said the world faces unavoidable climate hazards in the next two decades with temperatures rising 1.5 degrees Celsius above pre-industrial levels.

    🎯 Price Target Updates

    Credit Suisse downgrades GoodRx. GDRX downgraded to NEUTRAL from OUTPERFORM - PT $27 (from $41)

    Atlantic Equities downgrades WIX. WIX downgraded to NEUTRAL from OVERWEIGHT - PT $100 (from $250)

    Tesley upgrades The Kroger Co. KR upgraded to OUTPERFORM from MARKET PERFORM - PT $54 (from $47)

    📻 In Other News

    The Magic Kingdom spurns Russia - The Walt Disney Company and Warner Bros announced they will halt all further theatrical film releases in Russia following the country's attack on Ukraine. Note: While ticket sales in Russia are not as significant as those drummed up in China, it is still a prominent market for Hollywood Studios.

    Bars, restaurants drop Russian vodka - Bars, liquor stores, and restaurants across the US have started pulling Russian vodka off their shelves and supporting blends produced in Ukraine. Note: Popular vodka brand Stoli, owned by Russian-born tycoon Yuri Shefler said in a statement that it "stands for peace in Europe and in solidarity with the Ukrainian people".

    Zero tolerance for racism - Cosmetics giant Estee Lauder said it has forced out executive John Dempsey after he posted a racist meme on a personal social media account. Note: A company representative said Dempsey was told to leave and agreed to retire over backlash for an Instagram post containing racist language and a joke about Covid-19

    📅 This Week's Key Economic Calendar

    Tuesday: ISM Manufacturing Index (Feb), Construction Spending

    Wednesday: Fed Chair Jerome Powell testifies at House Committee, ADP Employment report, Beige Book

    Thursday: Initial Jobless Claims (wk end Feb 26), New York Fed President John Williams speaks

    Friday: Non-farm payrolls, Unemployment Rate

    📔 Snippet of the Day

    Quote of the day: "Most people would rather fail conventionally than succeed unconventionally" - Christopher Cole.

    submitted by /u/hivincentc
    [link] [comments]

    Why a gas companies invested in Russia going up but gas companies not invested in Russia going down?

    Posted: 01 Mar 2022 04:46 PM PST

    Valero Energy Corporation - down

    Chevron - up

    Exoon Mobile - up

    MPC - down

    wtf??

    submitted by /u/WallabyUpstairs1496
    [link] [comments]

    Ratan Tata-backed BlueStone Jewellery to raise over Rs 1500 crore via IPO -Investcues.com

    Posted: 02 Mar 2022 03:25 AM PST

    Target Stock Jumps Sharply on Upbeat Fiscal-Year Outlook

    Posted: 01 Mar 2022 05:21 AM PST

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