November 11, 20240 Comments

Tesla shares rise premarket, pointing to extension in post-election rally By Investing.com

Investing.com – Shares in Tesla (NASDAQ:) jumped by more than 6% in premarket US trading on Monday (NASDAQ:), pointing to an extension in a post-election rally in the electric vehicle giant. The stock spiked by 8.2% on Friday, pushing Tesla’s market valuation above $1 trillion, fueled by wagers that the company and its Chief Executive Elon Musk would be major beneficiaries of Trump’s second four-year term in the White House. Musk

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November 11, 20240 Comments

Tesla, Coinbase and Trump Media rise premarket; Sapiens slumps By Investing.com

Investing.com — US stock rose Monday, at the start of the new week that includes key inflation data as well as an abundance of Federal Reserve speakers. Here are some of the biggest premarket US stock movers today: Tesla (NASDAQ:) stock rose 7% after the EV manufacturer’s valuation closed above the $1 trillion mark on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald

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November 11, 20240 Comments

Sapiens earnings missed by $0.05, revenue fell short of estimates By Investing.com

Investing.com – Sapiens (NASDAQ: ) reported third quarter EPS of $0.33, $0.05 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $137M versus the consensus estimate of $140.38M. Guidance Sapiens sees FY 2024 revenue of $541.00M-$546.00M versus the analyst consensus of $552.70M. Sapiens’s stock price closed at $39.45. It is up 13.53% in the last 3 months and up 59.85% in the last 12 months.

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November 11, 20240 Comments

US equity valuations stretched, have ‘less room to run’: RBC By Investing.com

Investing.com — US equity positioning and valuations are looking increasingly stretched, according to RBC Capital Markets. In a report released Monday (NASDAQ:), RBC underlines that positioning in equity futures for both the and the recently reached peak levels. As the market rides post-election optimism, the investment bank suggests there may be limits to how much further valuations can expand. “US equity positioning in the futures market – including S&P 500

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November 11, 20240 Comments

Europe’s STOXX up 1% at start of data-packed week By Reuters

By Shashwat Chauhan (Reuters) -European shares advanced on Monday (NASDAQ:), with most sectors gaining, ahead of a week packed with global economic data including inflation readings in Germany and the United States. The pan-European added 1%, with industrials among the top gainers, up 1.4%. Later this week, inflation readings across Europe, the United States and a preliminary reading of euro zone third-quarter GDP would remain in focus. Minutes from the

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November 11, 20240 Comments

SIX Swiss deal sends Aquis Exchange shares skyrocketing, nearly doubling in value By Investing.com

Investing.com — Aquis Exchange Plc’s (LON:) stock more than doubled on Monday (NASDAQ:) after the takeover announcement by SIX Swiss Exchange.  The deal places Aquis’ valuation at £194 million, marking a significant premium over recent trading values.  This move comes as SIX seeks to expand its reach in the European market, broadening its service offerings across asset trading, market data, and technology solutions. In a joint statement, SIX said that

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November 11, 20240 Comments

Investors see safety in India as Trump win casts shadow on emerging markets By Reuters

By Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However, India’s strong economic growth, limited exposure to Chinese and

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