Niels Jensen, the founder and chief investment officer of London-based investment adviser Absolute Return Partners, said in a monthly letter to investors that wealth has been running too far ahead of the underlying economy for some time.

Investors should be aware that ESG investing is still in relatively early days, especially when it comes to the data-driven accountability that is required to gain an accurate picture.

The coronavirus market rally had a strong day, but growth stocks are lagging and breakouts lacking. Costco fell late on March sales. Apple, Amazon, Microsoft, Dexcom and Nvidia are in focus.

09 Apr, 2020 @ 03:36 by Yahoo! Finance

European stock markets pushed higher Thursday, as investors took in the strong gains on Wall Street overnight but remained cautious ahead of the resumption of talks on how to fund the massive government borrowing needed to support the region's economy through the crisis. The Eurogroup meeting had originally started Tuesday, but disagreements persisted over the conditions for loans to hard-hit countries like Spain and Italy under the eurozone bailout fund, the European Stability Mechanism, as well as whether to issue joint debt known as ‘coronabonds’ as part of a wider recovery plan. In corporate news, UBS  (NYSE:UBS) and Credit Suisse (SIX:CSGN), Switzerland’s two biggest banks, said Thursday that they had decided to partially postpone the payment of their dividend for 2019 until later this year.

It won’t be your typical Easter, or Passover, on Wall Street, in the era of COVID-19, the deadly pandemic that has forced a global shutdown of businesses and caused governments to impose social-distancing measures to curb the spread of the disease.

It’s a mixed start to the day for the majors. Failure to move back through Wednesday’s highs could see the majors give up yesterday’s gains.

09 Apr, 2020 @ 02:02 by Yahoo! Finance

Wall Street had closed sharply higher Wednesday amid hopes the U.S. may turn a corner in its battle against the coronavirus as early as next week. The Dow Jones Industrial Average rose 3.4%, or 780 points, the S&P; 500 up 3.4%, while the NASDAQ Composite added 2.6%.

It’s a busier day on the economic data front, which will influence. Updates on COVID-19, however, will remain the key driver.

09 Apr, 2020 @ 00:23 by FinancialContent

The cruise industry is one of the sectors hardest-hit by the current crisis. Discover what caused Carnival’s stock to rise.

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.

08 Apr, 2020 @ 22:51 by FinancialContent

We've seen 2 volatility boxes in recent years that use gravity points to ping off of. Here's what to expect in and out of a volatility box.

08 Apr, 2020 @ 21:41 by FinancialContent

Top tickers for end of day: HEXO, T, AAPL, MSFT, TWTR, TAL, TSLA, FCAU.

08 Apr, 2020 @ 21:32 by FinancialContent

As markets continue to rally, investors are becoming more confident. The vibe is now that COVID-19 will pass soon and it will be business as usual. In reality, that is unlikely.

The S&P 500 Index was buoyed by the real estate, energy and utilities sectors.

The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said.

Specialty insurer Palomar is among the top IPO stocks to watch and has just joined Microsoft, Netflix, Zoom and Adobe on the IBD Breakout Stocks Index.

08 Apr, 2020 @ 20:08 by Seeking Alpha

American and British cybersecurity officials are warning that state-backed hackers and online criminals are taking advantage of the coronavirus outbreak to further their operations, echoing concerns from digital safety experts.

08 Apr, 2020 @ 20:05 by FinancialContent

Microsoft to host earnings conference call webcast

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash, including a move by Alphabet Inc's Google to ban the desktop version of Zoom from corporate laptops.

Shopify is a big winner in 2020. Earnings are booming and the company plans to compete more with Amazon. But is SHOP stock a good buy now?

G Suite is Google's business suite of cloud software that competes against Microsoft Office and Office 365.

08 Apr, 2020 @ 19:18 by Yahoo! Finance

Nasdaq had a strong pipeline of companies wanting to go public this year, but most IPO activity dried up after the first six weeks as markets were up-ended by the coronavirus crisis, Nasdaq Chief Executive Officer Adena Friedman told the Economic Club of Washington, DC. "Most companies are either just waiting for a better moment, when investors are more ready to put some risk capital to work, or they are being disrupted in their business models and they're going to have to be able to demonstrate how they can bounce back or how resilient they are through that before investors are going to take that risk with them," she said.

08 Apr, 2020 @ 19:15 by FinancialContent

The future of business is changing fast with so much of the country working from home, and Citrix is ready.

08 Apr, 2020 @ 18:52 by Yahoo! Finance

Here we highlight some ETF areas that investors can consider amid the coronavirus crisis.

08 Apr, 2020 @ 18:41 by Yahoo! Finance

Long-term trendlines on the charts of major global tech stocks suggest that the uptrend is set to continue and the recent pullback could be presenting traders with a buying opportunity.

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection desktop computers because of "critical" security and data protection weaknesses, the newspaper Handelsblatt reported on Wednesday.

Alphabet Inc's Google said on Wednesday it would give two months of free access to the paid version of its cloud-based game streaming platform Stadia as people are confined to their homes due to the coronavirus outbreak.

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

Riskier assets find support early in the week, but downside risks remain as the spread of the coronavirus continues and central banks signal more easing.

We are navigating this public health crisis one day at a time. To flatten the curve, businesses are shutting down for the foreseeable ...

08 Apr, 2020 @ 17:32 by FinancialContent


(Bloomberg) -- With millions of people around the world stuck in their home offices to help contain the coronavirus outbreak, companies that specialize in remote-working products are becoming a hot spot.For that reason, Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and cyber security, according to a filing to the Securities and Exchange Commission. The ETF will trade under the ticker WFH.Thematic funds, which seek to capture trends that are easily explained to retail investors, have struggled in a crowded ETF marketplace. However, Direxion’s remote-work offering is likely to resonate with traders given the recent popularity of those companies, according to CFRA Research’s Todd Rosenbluth.“This ETF combines some popular, well-established thematic strategies focused on cloud computing and cyber security with remote learning and document management that are all the more pressing, given Covid-19 concerns are likely to remain,” said Rosenbluth, CFRA’s director of ETF research.Read more: Cloud Computing Seen as Tech Haven Amid Pandemic UncertaintyCloud-computing companies have been a clear beneficiary of the stay-at-home and social distancing measures to help combat the spread of the virus. Shares of Microsoft Corp. soared last week after the company said its cloud services usage spiked by 775%.Still, some analysts aren’t convinced about the positive trend for the industry. While WFH’s narrative is “compelling,” the valuations of the tracked companies likely reflect the market’s enthusiasm for this theme, according to Morningstar Inc.’s Ben Johnson.“This too shall pass and investors have already bid up the shares of a lot of these stocks,” said Johnson, Morningstar’s co-head of passive strategy research.Other issuers have sought to capitalize on the work-from-home boost. The Wedbush ETFMG Global Cloud Technology ETF, which tracks global small and mid-cap companies involved in cloud infrastructure and technology, began trading this week.Unlike the majority of Direxion’s products, WFH won’t use leverage to amplify returns. The new offering is consistent with Direxion’s focus on broadening its thematic offerings to “buy-and-hold” investors, head of ETF product David Mazza wrote in an email. The firm launched three non-leveraged ETFs in February as part of that strategy.“While leveraged ETFs remain part of their lineup, they have expanded beyond the nice and highly tactical short-term oriented products,” Rosenbluth said.(Adds tout. An earlier version of this story corrected Microsoft’s share price.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple revives its VR efforts by scooping up a startup at a steep discount.

The major stock indexes were broadly higher early Wednesday, as the stock market rally continues. U.S. virus cases topped 400,000.

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

Microsoft's (MSFT) cloud revenues expected to benefit from Blackrock's adoption of Azure Cloud Platform.

08 Apr, 2020 @ 15:19 by Yahoo! Finance

As many are working from home now to contain the spread of the coronavirus, some specific industries are benefiting.

When sentiment becomes extremely positive, it is time to sell.

EU ministers fail again at delivering a much-needed COVID-19 economic package to support the worse affected, yet the EUR holds on…

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

08 Apr, 2020 @ 14:14 by Yahoo! Finance

The Euro has fallen during a huge portion of the trading session on Wednesday but found enough support near the 1.08 level to turn around and rally a bit. By doing so, this shows a bit of resiliency in a market that I think is trying to find a new fulcrum for balance.

08 Apr, 2020 @ 14:12 by Yahoo! Finance

Looking for the best growth stocks to buy? Start by identifying the seven traits of winning stocks, then use IBD screens to find stocks showing them now.

GenMark Diagnostics and FedEx jumped, while Disney dipped on the Dow Jones as stock futures extended early gains.

08 Apr, 2020 @ 13:31 by FinancialContent

With millions of people sheltering in place, demand for cloud services is booming, making Microsoft, Google, and Alibaba attractive cloud buys for April.

08 Apr, 2020 @ 13:27 by FinancialContent

The cybersecurity stock has climbed 34% year to date despite a nearly 18% slide for the S&P 500 index.

08 Apr, 2020 @ 12:23 by Yahoo! Finance

Bitcoin Cash (BCH), one of bitcoin’s forks and the fourth-largest cryptocurrency by market capitalization, has just undergone its first halving at block number 630,000.The post Bitcoin Cash just went through its first halving appeared first on The Block.

Dow Jones futures: The coronavirus stock market rally reversed lower, hitting bullish moves from Microsoft, Nvidia, Vertex and more. Here's a test to avoid being burned at the open.

08 Apr, 2020 @ 12:10 by FinancialContent

The Trade Desk is well-positioned to create enormous value for investors.

Software growth stocks feasted on cloud computing, digital transformation and AI projects. But the coronavirus emergency will slow June quarter revenue growth for software stocks.

Alphabet Inc.’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google G Suite had more than 6 million paying users in March, boosted by millions ...

08 Apr, 2020 @ 10:32 by Yahoo! Finance

Based on the early price action and the current price at 1.0862, the direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the 50% level at 1.0892 and the downtrending Gann angle at 1.0827.

08 Apr, 2020 @ 10:12 by FinancialContent

While the economic impact of the coronavirus has become devastating, it’s important to remember that companies will survive the pandemic – some better than others.

08 Apr, 2020 @ 10:00 by Yahoo! Finance

We don't invest in "the stock market" as a whole because we know how easily a few truly weak spots can mask strength elsewhere, asserts Hilary Kramer, editor of GameChangers.

EUR/USD was faced with sellers after recovering above the 1.0900 level as the rally in risk assets lost momentum.

08 Apr, 2020 @ 09:31 by Yahoo! Finance

Plus, all Microsoft events will be done remotely, and fewer robocalls due to COVID-19 pandemic.

The novel coronavirus “really knows no boundaries in terms of who is getting impacted,” said Dr. Gigi El-Bayoumi, professor at GWU’s School of Medicine and Health Sciences.

08 Apr, 2020 @ 08:39 by Yahoo! Finance

The hopes of the markets are not yet fulfilled: the peak of the spreading of the disease in the United States has not yet passed in peak.

Additionally, gold futures rose 0.1% to $1,685.90/oz, while EUR/USD traded at $1.0869, down 0.2%.

It’s a bullish start to the day for the pack. A move back through to early highs would be needed, however, to avoid a reversal.

08 Apr, 2020 @ 05:27 by Yahoo! Finance

It’s a bullish start to the day for the majors. A Bitcoin move back through to $7,400 levels would support another breakout day for the pack.

European stock markets weakened Wednesday, as the region’s finance ministers failed to agree on how best to finance the response to the coronavirus crisis, reviving old doubts about the long-term viability of the euro. The broader based Stoxx 600 Europe index dropped 0.6%. Eurozone finance ministers have again failed to agree on an economic package to support the region’s economy after all night talks brought no breakthrough.

A light economic calendar leaves coronavirus updates and the FOMC meeting minutes in focus.

08 Apr, 2020 @ 03:02 by Yahoo! Finance

The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.345, up 0.4%, while EUR/USD fell 0.3% to 1.0857 and GBP/USD dropped 0.3% to 1.2300. Governor Andrew Cuomo said that deaths in New York state also rose.

European stock markets are set to largely open lower Wednesday, consolidating after posting gains this week, amid disagreements over how to finance the region's response to the coronavirus crisis. At 2:15 AM ET (0615 GMT),  {{167|France's CAC 40 futures and the FTSE 100 futures contract in the U.K. both fell 2.0%, while the DAX futures contract in Germany outperformed, rising 0.1% higher. A teleconference between Eurozone finance ministers, starting Tuesday, was set to continue through to Wednesday morning amid differences over how to tackle the economic fallout of the crisis.

It won’t be your typical Easter, or Passover, on Wall Street, in the era of COVID-19, the deadly pandemic that has forced a global shutdown of businesses and caused governments to impose social-distancing measures to curb the spread of the disease.

08 Apr, 2020 @ 00:13 by FinancialContent

There is a certain logic to the relative quiescence of VXN relative to VIX. About 47% NDX weight is concentrated in its top 6 components.

07 Apr, 2020 @ 20:08 by Seeking Alpha

BlackRock and Microsoft Corp. have formed a strategic partnership to host BlackRock’s Aladdin infrastructure on the Microsoft Azure cloud platform, bringing enhanced capabilities to BlackRock and its Aladdin clients, which include many of the world’s most sophisticated institutional investors and wealth managers.

BlackRock Inc, the world's largest asset manager, has partnered with Microsoft Corp to have its Aladdin investment and risk management system hosted on the Microsoft Azure cloud platform, the companies said on Tuesday.

Taiwan's cabinet has told government agencies to stop using Zoom Video Communications Inc's conferencing app, the latest blow to the company as it battles criticism of its booming platform over privacy and security.

07 Apr, 2020 @ 17:40 by FinancialContent

Top tickers for midday: AAPL, TSLA, MSFT, BA, BAC, AMD, CCL, FB, AAL, GE, DIS, DAL, AMZN, NVDA, T, BABA, F, XOM, ZM, RCL.

It all started when International Business Machines Corporation (NYSE: IBM) joined forces with the open-source software giantRed ...

Even with internet speeds under strain amid the pandemic, the software giant is planning a gradual roll out of its new game streaming service in 11 countries in Western Europe.

When the year started, tech investors couldn't have imaginedthat markets would go the way they have through the first three ...

07 Apr, 2020 @ 16:37 by FinancialContent

Nearly a decade. Facebook, Inc.'s (NASDAQ: FB)origin story is well known. In February 2004, Mark Zuckerburg and a group of ...

07 Apr, 2020 @ 14:09 by Yahoo! Finance

Bitcoin is on the brink of a bullish breakout above $8,000 after surging to $7,400 on Tuesday morning. The world's largest cryptocurrency has now risen by 13.66% over the past week with a further 2.88% gain being printed today. An upside target when analysing the chart has emerged at $8,080 as it is a historical level of resistance that is in confluence with the daily 200 moving average. A break above that point would indicate that the short-term downtrend has now finished and that Bitcoin has reversed into a bullish posture. It would also tie in with the upcoming block reward halving, a historically bullish event due to a reduction in supply going onto the market. Hash rate has also

The Euro pulled back slightly during the open on Tuesday, but then shot straight up towards the 1.09 handle where there would be a significant amount of resistance. All things being equal, the market is likely to continue seeing a lot of back and forth.

The New York Times, in a major article, says Trump has a “small personal stake” in Sanofi, the French drugmaker that produces the drug. Here’s how small.

Accounting standards setters are considering sweeping changes to goodwill accounting.

07 Apr, 2020 @ 11:34 by FinancialContent

Taiwan's cabinet has told government agencies to stop using Zoom Video Communications Inc's conferencing app, the latest blow to the company as it battles criticism of its booming platform over privacy and security.

07 Apr, 2020 @ 11:24 by Yahoo! Finance

The US dollar lost ground against its major rivals in Tuesday trading, as glimmers of hope over the coronavirus lifted risk appetite among investors.

07 Apr, 2020 @ 09:43 by FinancialContent

Today there are more than sixty major stock exchanges around the world. Sixteen of these exchanges have market capitalizations of over 1 trillion dollars. These exchanges are sometimes referred to as the “Trillion Dollar Club”.

07 Apr, 2020 @ 07:41 by Seeking Alpha
07 Apr, 2020 @ 07:16 by FinancialContent

'Peak Globalism' - ending along with 'peak virus', is not an active topic at the moment in many circles, but contemplating it should be.

07 Apr, 2020 @ 07:05 by Yahoo! Finance

Additionally, gold futures rose 0.7% to $1,705.10/oz, after earlier climbing to a new seven-year high of $1,742.20, while EUR/USD traded at $1.0875, up 0.8%.

It’s another positive start to the day for the bulls, with the latest COVID-19 numbers providing further evidence of containment…

The sharp rise in trading volumes during closing auctions at global stock markets requires more innovation by brokers to capture value for buy-side investors, one of the world's largest asset managers said on Tuesday.

07 Apr, 2020 @ 01:27 by Seeking Alpha

-- Note: Reuters has not verified this story and does not vouch for its accuracy

06 Apr, 2020 @ 23:00 by FinancialContent

Despite the negative news cycle, this market was able to at least show signs of life. Now, we must be vigilant in what we do next.

06 Apr, 2020 @ 22:39 by FinancialContent

Stocks explode higher today.

06 Apr, 2020 @ 21:24 by FinancialContent

Top tickers for end of day: AAPL, AMD, MSFT, T, SDC, BAC, LK.

Many of the strongest performers were consumer-discretionary stocks that have been hit hard by the economic shutdown.

Zoom Video Communications Inc. shares stumbled Monday after one analyst downgraded the stock joining a backlash against the videoconferencing company as it deals with an unprecedented surge of users stuck at home in the COVID-19 pandemic.

06 Apr, 2020 @ 17:54 by FinancialContent

Exposure to equity markets decreased in TD Ameritrade client accounts during the March IMX period. The IMX score decreased by 19.38%, ...

06 Apr, 2020 @ 17:35 by FinancialContent

Top tickers for midday: AAPL, LK, AMD, MSFT, BAC, TSLA, CCL, AAL, BA, DAL, F, DIS, MU, FB, ZM, NVDA, GE, XOM, AMZN, UBER.

06 Apr, 2020 @ 14:58 by Yahoo! Finance

Crypto exchange Gemini is adding support for Brave browser’s BAT token later this month.The post Gemini is adding support for Brave browser’s BAT token appeared first on The Block.

06 Apr, 2020 @ 13:33 by Seeking Alpha
06 Apr, 2020 @ 10:03 by Yahoo! Finance

Cryptocurrencies can hit a boom any time of the day, any time of the week. This makes them just great for day trading.

05 Apr, 2020 @ 18:18 by Seeking Alpha

Bitcoin trading volumes grew sharply in Q1 of 2020 amid the coronavirus pandemic.The post Bitcoin trading volume on exchanges grew 61 percent in Q1 compared to previous quarter appeared first on The Block.

Nasdaq (NDAQ) shares have surged roughly 30% in the last two weeks and its earnings revisions have climbed amid the broader coronavirus economic downturn...

The bank raised its ratings on its ratings on Cboe Global Markets, Intercontinental Exchange, and Nasdaq.

03 Apr, 2020 @ 19:06 by Seeking Alpha

(Bloomberg) -- Firms including JPMorgan Chase & Co., HSBC Holdings Plc and Nasdaq Inc. are making changes to their summer internship programs, including delaying their start, making them shorter or moving them online, as the coronavirus pandemic shifts work arrangements across the finance industry.JPMorgan pushed back the start date of its internship program to July 6, and is exploring a virtual format if necessary for safety reasons. The incoming class of more than 3,000 interns globally will still be paid for full nine-to-10-week internships despite the program being shorter than planned, a company representative said.Finance internships typically last nine to 12 weeks and include orientations, guest-speaker events and group projects -- collaboration limited by stay-at-home orders in cities around the world aimed at combating the virus’s spread. Companies are grappling with how to handle interns and post-graduate recruits who are generally given summer offers months in advance.Nasdaq said Friday that its summer program would be fully virtual, following Capital One Financial Corp., which was the first major U.S. bank to move its program online. Capital One said earlier this week that it will still pay its 1,000 interns the full amount outlined in their offer letters, including housing stipends.HSBC pushed the start date of its internship and post-graduate programs, which were set to begin in June and July, respectively, to later in the year. The London-based bank offers internships and graduate programs in locations including Singapore, China, the Middle East, the U.S. and the U.K., according to its website.“We understand that prospective candidates may be disappointed,” the company said in an emailed statement. “However, we’ve made this decision to safeguard our current and future workforce.”Bank of America Corp. said this week that its 2,000 summer interns and 1,000 campus recruits will start as scheduled in June and July, respectively. The lender didn’t specify whether the new hires would work remotely, saying it would finalize plans for bringing them on board later.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

03 Apr, 2020 @ 16:30 by Yahoo! Finance

The solid deliveries data has put the spotlight on ETFs having substantial allocation to the luxury carmaker.

03 Apr, 2020 @ 16:10 by Yahoo! Finance

Nasdaq (NDAQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

03 Apr, 2020 @ 13:54 by FinancialContent

Upgrades Raymond James changed the rating forAkamai Technologies Inc(NASDAQ: AKAM) from Market Perform to Outperform. ...

03 Apr, 2020 @ 12:25 by Seeking Alpha
03 Apr, 2020 @ 09:44 by Yahoo! Finance

Bitcoin looks to be on the brink of a major breakout as it coils up just beneath the crucial $7,000 level of resistance. The test of $7,000 comes after a volatile trading session that saw Bitcoin surge from $6,600 to $7,300 before being met with a substantial sell-off. Bearish pressure eventually pushed price back below $6,800, although a bounce this morning has lifted it back into a bullish posture. If Bitcoin can close Friday's daily candle and Sunday's weekly candle above $7,150 it would confirm a bullish breakout, which would pave the way towards continuation to the upside. Potential targets begin to emerge at both $7,400 and $7,850 if a breakout is to come into fruition, while a rejection from

Thesis, the team behind the Keep protocol, has secured $7.7 million in a fresh funding round as the company is set to launch tBTC v1 on April 27.The post Venture production studio Thesis closes a $7.7 million funding round as it prepares for tBTC's launch in April appeared first on The Block.

02 Apr, 2020 @ 18:17 by Seeking Alpha
02 Apr, 2020 @ 13:30 by Yahoo! Finance

Bitcoin has stunned critics this morning as it dusted itself off with a staggering 6.22% rally to the upside. At the time of writing it is trading at around $6,680, just below the level of resistance at $6,850 which was tested on numerous occasions throughout March. A breakout and daily candle close above $7,000 would invalidate any bearish theories about Bitcoin over the coming weeks as it looks to climb back to the $7,800 mark. However, Bitcoin was rejected from $6,850 on March 20 and again on March 25, with price proceeding to fall by 20% and 16% respectively. While it's true that a level of resistance becomes weaker upon every test, another rejection here would almost certainly confirm continuation

By Stephen Page As corporate boards work to navigate companies through this unprecedented time, directors can leverage digital governance solutions to optimize their communication as they respond to the virus and prepare for the proxy and AGM season. As businesses are actively responding to the COVID-19 pandemic, corporate boards are working to navigate their companies […]

Dear Readers, CorpGov is pleased to invite you to a Webinar on Thursday, April 2, at 2pm EST: Best Corporate Governance Practices During the Coronavirus Crisis and Beyond, sponsored by Vinson & Elkins LLP. Please register at this link: We will discuss a range of topics related to corporate governance including recent activist investor behavior, poison […]

01 Apr, 2020 @ 08:49 by Seeking Alpha
01 Apr, 2020 @ 07:20 by Seeking Alpha

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Nasdaq (NDAQ) have what it takes? Let's find out.

30 Mar, 2020 @ 10:40 by Seeking Alpha
29 Mar, 2020 @ 17:25 by Seeking Alpha
29 Mar, 2020 @ 10:01 by Seeking Alpha
29 Mar, 2020 @ 08:59 by Seeking Alpha
27 Mar, 2020 @ 20:04 by Seeking Alpha
27 Mar, 2020 @ 19:47 by Seeking Alpha
27 Mar, 2020 @ 13:07 by FinancialContent

One has a competitive moat. The other has a new competitor.

26 Mar, 2020 @ 16:43 by Yahoo! Finance

(Bloomberg) -- Amid the coronavirus outbreak, the options market has been a crucial tool for investors seeking to protect themselves from the wild swings of stock prices. Now, just as trading is surging, exchanges are warning that regulations could sideline banks that keep the market functioning.At issue are capital rules that determine how much risk Wall Street banks, which clear options trades, can take on behalf of their clients. Top officials at Cboe Global Markets Inc., Nasdaq Inc. and the New York Stock Exchange told the Federal Reserve last week that a jump in buying and selling was putting market makers perilously close to hitting their bank-imposed limits. The exchanges urged the Fed to give banks more leeway to handle the increased demand, according to a copy of a letter reviewed by Bloomberg.Investors rely on options to hedge against declines in equity prices and to bet on broad market moves, such as a surge or plunge for the S&P 500. The products have been embraced at a time when coronavirus is triggering significant angst about the state of the global economy, and as a result, roller-coaster trading days.“They become the go-to-instrument when markets become volatile and investors and market participants seek to manage their risk exposure,” said Andy Nybo, a managing director at Burton-Taylor International Consulting, which provides analysis to financial firms.There has been a surge of options trading this year, and at the current pace March would have the highest monthly volume in U.S. exchange-traded options in at least five years, according to Nybo’s estimates.Banks VitalBanks play a pivotal role in the options market because they settle transactions for market makers -- the professional traders who sit on the other side of wagers made by fund managers and mom-and-pop investors. But banks may resist clearing trades if it means having to set aside more capital. Should they pull back, it would effectively put a cap on market makers’ portfolios. Cboe, Nasdaq and the NYSE say that is at risk of happening just as volatility is hitting records and investors are desperate to trade options.“It is critical to extend immediate relief,” the exchanges said in the March 18 letter to Fed Vice Chairman for Supervision Randal Quarles and other officials. “We implore the Board to exercise its considerable authority to grant relief to expand clearing capacity during a time of extraordinary market stress.”In a statement, NYSE said the exchanges’ want the Fed to take action before the end of the month so that market participants can benefit from increased liquidity and price discovery. Cboe and Nasdaq declined to comment on the request to the Fed.A Fed spokesman said Quarles received the letter, but the agency had no further comment.Rule ShortcomingsU.S. regulators have acknowledged that the way they require banks to calculate risk from derivatives clients has shortcomings. The process is known as the current exposure methodology, or CEM. In November, U.S. officials announced they were shifting to a different measure known as the standardized approach for counter-party credit risk, or SA-CCR.That revision should lead to reduced capital requirements for banks’ derivatives contracts. Supporters say it also will improve market liquidity.But SA-CCR isn’t supposed to start going live until April, and it will probably take much longer before Wall Street applies it to options clearing. That’s because banks are required to use the new methodology across their firms, meaning it will likely take time to hit each individual business line.Cboe, Nasdaq and NYSE want the Fed to speed things up by letting banks start using SA-CCR this month on options contracts or by applying a different fix that enables lenders to overhaul their risk calculations.Risk DeadlinesThe timing is important because March 31 marks the end of both the month and the first quarter. Banks will likely make decisions before the month closes about how much clearing they’re willing to do in April. And the conclusion of a quarter is typically when banks assess whether to expand or contract certain business lines.Another issue is that just a few firms handle much of the clearing for exchange-traded equity options, according to two people familiar with the matter. Goldman Sachs Group Inc., Bank of America Corp. and ABN AMRO Bank NV are dominant, said the people who asked not to be named in discussing data that isn’t public.Goldman Sachs, Bank of America and ABN declined to comment.Regulatory ‘Disincentives’The exchanges also sent a copy of their letter to Fed Chairman Jerome Powell, FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Securities and Exchange Commission Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Heath Tarbert.During a March 24 public call with an industry advisory panel, Tarbert said the CFTC wanted to ensure bank capital rules don’t create “disincentives” for firms to provide liquidity to the options market. However, he said bank regulators would ultimately be the ones who would have to make any changes.“It’s very much an ongoing dialog,” Tarbert said.(Updates with options trading surge in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

26 Mar, 2020 @ 15:21 by Seeking Alpha
25 Mar, 2020 @ 08:33 by Seeking Alpha
24 Mar, 2020 @ 20:46 by FinancialContent

Short interest on the Nasdaq rose 3.3% in mid-March, the exchange said on Tuesday.

24 Mar, 2020 @ 20:15 by FinancialContent
24 Mar, 2020 @ 16:20 by Seeking Alpha

Coronavirus relief bill remained unsettled.

24 Mar, 2020 @ 12:13 by FinancialContent

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the ProShares ProShares S&P 500 Ex-Technology ETF (SPXT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $61.39 per unit.

23 Mar, 2020 @ 20:15 by FinancialContent
23 Mar, 2020 @ 19:53 by Seeking Alpha

Nasdaq (NDAQ) warns of potential market manipulation driven by coronavirus concerns.

23 Mar, 2020 @ 14:34 by FinancialContent

On Monday morning, 720 companies hit new 52-week lows. Noteworthy Mentions: The largest company by market cap to set a new ...

The New York Stock Exchange is going all electronic on Monday, marking the first time the centuries old exchange will operate in regular hours without its legion of trusted flesh-and-blood floor traders.

Financial firms should be on the lookout for potential market manipulation as the spike in volatility and volumes driven by coronavirus concerns could embolden traders with bad intentions looking to "hide amongst the noise," Nasdaq Inc said on Friday.

Keeping U.S. markets open during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint statement on Friday.

Keeping markets open in the United States during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint statement on Friday.

19 Mar, 2020 @ 19:18 by Seeking Alpha
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15 Mar, 2020 @ 21:23 by FinancialContent
13 Mar, 2020 @ 21:14 by Seeking Alpha

Nasdaq Inc is tweaking the process used to reopen following market-wide trading halts to help make the process more orderly after stocks plunged this week over concerns about the coronavirus, according to a regulatory filing.

13 Mar, 2020 @ 11:44 by Seeking Alpha
13 Mar, 2020 @ 08:52 by Seeking Alpha
13 Mar, 2020 @ 02:19 by Seeking Alpha
12 Mar, 2020 @ 22:22 by FinancialContent

It wasn't just "the Nasdaq" that declined. It was Nasdaq, Inc.

12 Mar, 2020 @ 11:34 by Seeking Alpha
11 Mar, 2020 @ 20:15 by FinancialContent
11 Mar, 2020 @ 18:21 by Seeking Alpha

The New York Stock Exchange is taking steps to separate traders on the floor of its iconic 11 Wall Street building and employees of the NYSE and its parent Intercontinental Exchange Inc, to reduce the risk of spreading coronavirus, according to an internal memo sent Wednesday.

11 Mar, 2020 @ 14:00 by Seeking Alpha
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10 Mar, 2020 @ 20:36 by FinancialContent

Short interest on the Nasdaq rose 0.3% in late February, the exchange said on Tuesday.

09 Mar, 2020 @ 21:06 by Seeking Alpha
09 Mar, 2020 @ 12:40 by Seeking Alpha
09 Mar, 2020 @ 12:30 by FinancialContent

Solovis will pair with eVestment to deliver investment data, portfolio analytics and monitoring across public and private markets

08 Mar, 2020 @ 23:03 by Seeking Alpha
04 Mar, 2020 @ 23:22 by Seeking Alpha

Stock exchanges are among the only businesses that thrive on market volatility.

03 Mar, 2020 @ 21:05 by FinancialContent
03 Mar, 2020 @ 16:52 by Seeking Alpha

If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.

To call it a case of mistaken identity might be underselling it, but shares of Zoom Technologies have been practically, er, zooming higher amid the recent rally in the popular videoconferencing company Zoom Video Communications which went public back last year to much fanfare.

27 Feb, 2020 @ 08:38 by Seeking Alpha

Major exchanges on Wall Street believe they are ready to deal with the effects of COVID-19, the infectious disease that is derived from the novel strain of the viral outbreak that reportedly originated in Wuhan, China, late last year and is rapidly sickening people outside of the country.

26 Feb, 2020 @ 21:01 by FinancialContent

U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue running if any of their operations were affected.

26 Feb, 2020 @ 21:00 by FinancialContent

Short interest on the Nasdaq eased 0.6% in mid-February, the exchange said on Wednesday.

26 Feb, 2020 @ 17:49 by Seeking Alpha
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21 Feb, 2020 @ 22:16 by FinancialContent

New Leaf Data Services is compiling the numbers from cannabis business entities in Canada.

20 Feb, 2020 @ 20:56 by Seeking Alpha
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The Members Exchange (MEMX), a new would-be bourse backed by major Wall Street firms, said on Thursday it plans to launch the exchange on July 24 following the closure of a funding round led by JPMorgan, Goldman Sachs and Jane Street Capital.

Technically speaking, the S&P 500 has staged a thus far orderly pullback from record highs, though the downturn is worth tracking for potential acceleration, writes Michael Ashbaugh.

Options exchanges run by Nasdaq Inc resumed normal processing of trades from NYSE Arca on Friday after having declared "self-help" alerts against the exchange.

14 Feb, 2020 @ 15:36 by FinancialContent

Options exchanges run by Nasdaq Inc declared "self-help" alerts against NYSE Arca on Friday, signaling problems processing trades from the NYSE exchange.

12 Feb, 2020 @ 20:15 by Seeking Alpha
11 Feb, 2020 @ 21:30 by FinancialContent

Short interest on the Nasdaq dipped 2% in late January, the exchange said on Tuesday.

10 Feb, 2020 @ 20:56 by Seeking Alpha
10 Feb, 2020 @ 19:28 by Seeking Alpha

MIAX Pearl, one of three options exchanges run by Miami International Holdings Inc, said on Monday it plans to launch stock trading in September, adding to a growing list of firms looking to take market share from incumbents like the New York Stock Exchange.

10 Feb, 2020 @ 19:07 by FinancialContent
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