Equities Higher with Tech, Energy Leading Way
Canada’s main stock index opened higher on Wednesday, driven by gains in energy and technology shares.
Canada’s main stock index opened higher on Wednesday, driven by gains in energy and technology shares.
3D Systems Co. (NYSE:DDD) – Stock analysts at B. Riley lowered their Q4 2018 earnings per share (EPS) estimates for 3D Systems in a report issued on Wednesday, October 31st. B. Riley analyst C. Horn now forecasts that the 3D printing company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. B. Riley currently has a “Sell” rating and a $9.00 target price on the stock.
Hyundai Mipo Dockyard will receive increasing orders, said eBEST Investment and Securities on Nov. 7 maintaining a “buy” recommendation and 130,000 won (US$115.80) target price.
Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with expectations for the Republicans to hold the Senate and the Democrats to take a majority of the House for the first time since 2010. Bonds and stocks have rallied. Asia-Pacific equities were mixed. While equities in Japan, China, and Korea were lower, the rest of the region posted modest gains. European markets are more decisively moving higher and the Dow Jones Stoxx 600 is up near 1.2% in late morning turnover, in which all the major industry groups are higher. US shares are posting gains, The S&P 500 may gap above the 200-day moving average at the open. Most gaps are closed rather quickly, though gap on October 31 remains on filled, and if it is a measuring gap as we have suggested, it points to a test on 2800.
In a market wrap, analysts at ANZ Bank New Zealand Limited explained that Markets are waiting for the US mid-term election results.
Emerging markets face near-term risks but are far more resilient than they were in the 1990s.
GS Retail’s third-quarter earnings have been solid but it’s uncertain whether earnings will improve next year, said KB Investment and Securities on Nov. 6 downgrading the recommendation to a “hold” from a “buy” while maintaining a 42,000 won (US$37.41) target price.
AMETEK Inc. (AME) traded on unusually high volume on Nov. 05, as the stock gained 1.21% to close at $73.51. On the day, AMETEK Inc. saw 2.48 million shares trade hands on 23,185 trades. Considering that the stock averages only a daily volume of 1.47 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
The domestic equities market of the Nigerian Stock Exchange shed N28.0bn from its market capitalisation to close at N11.7trn as a result, and year to date (YTD) loss further fell to -16.2%.
JB Financial Group’s earnings remain robust through management of profits and health, said KB Investment and Securities on Nov 5 maintaining a “buy” recommendation and 8,000 won (US$7.12) target price.