Market Blog

Post Election Calls for a Volatile Week

US equity markets witnessed a volatile week following swings between optimism and worries about the coronavirus, easing political uncertainty and corporate earnings. While Pfizer Inc said its experimental COVID-19 vaccine in a Phase 3 trial showed more than 90 percent effectiveness, President-elect Joe Biden sealed his lead over incumbent President Donald Trump in the election. The reduced uncertainty helped S&P clock its best post-election weekly show in at least four decades.
Market Blog

A pre-market bear trap for RHT and NKE?

RHT– Red Hat, Inc provides software solutions. It develops Operating Systems, Virtualization, Middleware, Storage, and Cloud technologies. RHT – Red Hat, Inc Fundamentals Previously closed at 75.71 Day's high 76.19 Day's low 74.45 P/E ratio 73.50 EPS 1.03   Analysts opinion Today, pre-market, RHT reported their Q4 and Fiscal Year earnings. It generated a total revenue of $544 million boasting a growth of 17% YoY. Analysts have upgraded RHT to