2020-11-17 03:25:01 03:25 11/17/20 11/1703:25 11/17/2003:25 | FX Update: Currencies have been seeing narrow rangesFX Update: Currencies have been seeing narrow ranges so far today after yesterday's fresh bout of risk-on positioning. The Australian and New Zealand dollars still edged out respective eight-day and eight-month highs, but there wasn't much appetite for follow-through and both currencies ebbed back. Stock markets have came off the boil today in Asia after rallying strongly yesterday, although Japan's Nikkei 225 continued its outperforming streak and posted a new a 29-year high. Yesterday the DJIA and the S&P 500 posted fresh recording closing highs, as die the MSCI World Index. Among currencies, the DXY dollar index has been plying a narrow range just above yesterday's eight-day low at 92.47. EUR-USD has been similarly directionally challenged, holding just off from yesterday's one-week peak at 1.1869. USD-JPY has settled above one-week low seen yesterday at 104.36, which corrected just over a 50% retrace of the strong gains seen last Monday during the initial height of the so-called 'Covid vaccine' global equity market rally. The pound has been trading neutrally, and is showing modest losses versus most peer currencies from week-ago levels but modest gains versus the same currencies from month-ago levels, and registers as the weakness of the main currencies on the year-to-date. The Brexit endgame drama is reaching fever pitch. Neither the EU or UK has blinked yet in trade talks. The UK's trade negotiator Frost said that a a deal could be reached by next Tuesday, while an EU diplomat cited in the Sun tabloid said chiefs are working to avoid and "accidental no deal." Market participants, meanwhile, are not committing, waiting on concrete developments. Analysts expect a deal, and anticipate a rally in the pound as and when this becomes apparent. |
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Berkshire Hathaway buys back record $25B of company stock in 2020 »
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Asos expanding, stock could be 'in fashion' now, Barron's says »
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Ross Stores stock 'a unique bargain' among discount retailers, Barron's says »
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Dow ready to 'put doldrums behind," Barron's says »
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Citigroup stock a Buy, Barron's says »
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Utilities offer yield, a way to play green energy, Barron's says »
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Charged: Tesla temporarily halts Model 3 line at CA plant »
08:14 02/27/21 02/2708:14 02/27/2108:14
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SSR Mining names Alison White as CFO »
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SSR Mining (SSRM)… SSR Mining (SSRM) announced the appointment of Alison White as Executive Vice President and CFO. Prior to joining SSR Mining, White held various corporate and regional roles at Newmont Mining (NEM) including serving as the Regional CFO for North America. White will join the company at the end of March. ShowHide Related Items >><<
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Arista Networks CEO: Our growth is back »
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In an interview on… In an interview on CNBC's Mad Money Jayshree Ullal said Arista is a preferred partner with cloud titans, but it's also looking to diversify. The company is doing everything possible to protect the network and work with best of breed, she added. It has been planning for the worst cases in terms of chip shortages and Ullal is "hoping to recover better" by summer. ShowHide Related Items >><<
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Estee Lauder's Haney sells 8,000 class A common shares »
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In a regulatory filing,… In a regulatory filing, Estee Lauder executive VP of Global R&D Carl P. Haney disclosed the sale of 8,000 class A common shares of the company on February 24 at a price of $295.49 per share. ShowHide Related Items >><<
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Solaris Oilfield CEO Zartler sells 500,000 common shares »
17:49 02/26/21 02/2617:49 02/26/2117:49
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In a regulatory filing,… In a regulatory filing, Solaris Oilfield Infrastructure chairman and CEO William A. Zartler disclosed the sale of 500,000 common shares of the company on February 25 at a price of $11 per share. ShowHide Related Items >><<
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Conference/Events
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Cowen Internet & restaurants analysts to hold analyst/industry conference call »
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Internet & New Media… Internet & New Media Analyst Blackledge, Restaurants Analyst Charles and Merger/Event Strategist Glick discuss what is happening and what could happen on an Analyst/Industry conference call to be held on March 5 at 12 pm. ShowHide Related Items >><<
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Syndicate
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National Storage files automatic mixed securities shelf
17:47 02/26/21 02/2617:47 02/26/2117:47
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J&J confirms FDA panel recommends COVID-19 vaccine for EUA »
17:45 02/26/21 02/2617:45 02/26/2117:45
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Johnson & Johnson… Johnson & Johnson announced that the U.S. Food and Drug Administration's Vaccines and Related Biological Products Advisory Committee unanimously voted to recommend Emergency Use Authorization for the company's single-shot COVID-19 vaccine candidate for adults 18 and older, developed by the Janssen Pharmaceutical companies of Johnson & Johnson. The vote was based on a totality of scientific evidence provided by the Company, including efficacy and safety data from the Phase 3 ENSEMBLE trial. "We are extremely grateful to the VRBPAC members for their extensive review of the data supporting emergency use of Johnson & Johnson's single-shot COVID-19 vaccine candidate," said Paul Stoffels, M.D., Vice Chairman of the Executive Committee and Chief Scientific Officer, Johnson & Johnson. "We believe our COVID-19 vaccine candidate has the potential to help change the trajectory of the pandemic and stand ready to make it available to protect the public as soon as possible." The next step in the process is for the FDA to decide whether to grant an EUA for Janssen's COVID-19 vaccine candidate. The recommendation of the FDA Advisory Committee is non-binding, and the final decision on authorization is made by the FDA. Under an EUA, the FDA has the authority to allow unapproved medical products or unapproved uses of approved medical products to be used in an emergency to diagnose, treat, or prevent serious or life-threatening diseases or conditions during a declared public health emergency. If authorized by the FDA, the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices will then provide a recommendation on the use and roll-out of the Janssen COVID-19 vaccine candidate. ShowHide Related Items >><<
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Syndicate
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Invitae files to sell 1.37M shares of common stock for holders
17:43 02/26/21 02/2617:43 02/26/2117:43
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TravelCenters files $750M mixed securities shelf
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Invitae files to sell 28K shares of common stock for holders
17:39 02/26/21 02/2617:39 02/26/2117:39
NVTA
Invitae
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Huntington Ingalls awarded up to $213.9M government contract »
17:32 02/26/21 02/2617:32 02/26/2117:32
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Huntington Ingalls… Huntington Ingalls Industries announced that its Ingalls Shipbuilding division has been awarded a cost-plus-fixed-fee contract for life-cycle engineering and support services on the U.S. Navy's San Antonio class of amphibious transport docks. This follow-on contract consists of a base contract valued at $36.9M with a cumulative value of $213.9M if all options are exercised. "This contract enables Ingalls to continue providing LPD support and services that are critical to the sustainment of the Navy's amphibious fleet," Ingalls Shipbuilding President Brian Cuccias said. "Our talented workforce has the knowledge and experience required to perform this important work, and we are committed to ensuring these state-of-the-art warships serve our nation well into the future." Services provided in this contract include engineering change management; systems engineering and integration; supply chain management; training for new LPD 17-class shipboard systems; and the execution of industrial post-delivery availabilities. ShowHide Related Items >><<
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Bell-Boeing awarded $309.58M Navy contract modification »
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Bell-Boeing Joint Project… Bell-Boeing Joint Project Office was awarded a $309.58M modification to previously awarded fixed-price-incentive-firm-target, cost-plus-fixed-fee contract for the production and delivery of four CMV-22B variation in quantity aircraft for the Navy. Work is expected to be completed in March 2025. FY21 aircraft procurement funds in the amount of $309.58M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity. ShowHide Related Items >><<
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Crown Castle CCO Kavanagh sells nearly 4,000 common shares »
17:28 02/26/21 02/2617:28 02/26/2117:28
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In a regulatory filing,… In a regulatory filing, Crown Castle chief commercial officer Michael Joseph Kavanagh disclosed the sale of 3,796 common shares of the company on February 25 at a price of $161.22 per share. ShowHide Related Items >><<
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Eli Lilly awarded $210M Army contract for 100,000 doses of antibody therapeutic »
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Eli Lilly was awarded a… Eli Lilly was awarded a $210M firm-fixed-price contract for 100,000 doses of Lilly's combination monoclonal antibody therapeutic treatment. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of March 31. U.S. Army Contracting Command is the contracting activity. ShowHide Related Items >><<
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Ralph Lauren CCO Smith sells nearly 10,000 class A shares »
17:27 02/26/21 02/2617:27 02/26/2117:27
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In a regulatory filing,… In a regulatory filing, Ralph Lauren chief commercial officer Andrew Howard Smith disclosed the sale of 9,763 class A common shares of the company on February 25 at a price of $120 per share. ShowHide Related Items >><<
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Sorrento Therapeutics files to sell 2.57M shares of common stock for holders
17:26 02/26/21 02/2617:26 02/26/2117:26
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FireEye files to sell 400K shares of 4.5% of Series A convertible stock
17:23 02/26/21 02/2617:23 02/26/2117:23
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