Friday Markets News
Israel and Bahrain, the United Arab Emirates, and Morocco will hold a summit Sunday and Monday, which would have been unheard of a few years ago. This also has affected Israeli share prices today, when the local market is shut for the sabbath.
The U.S. is attempting to stop gold trading with Russian holders. Do not trade in rubles unless you operate from a haven because this is now banned for U.S. people. Russia is trying to undo sanctions. Meanwhile, Ukraine continues to surprise the world on its ability to stop Putin's troops.
I think the Thursday gains in U.S. stock markets is probably a one-off.
Winners:
*TEVA Pharmaceuticals is up 4.71% on its being rated outperform today by Sanford Bernstein analysts, because of the surprise Israeli summit. It is Israeli.
*Esterline jumped 3.8%.
*AT&T gained 1.49% today. T.
*State Street (STT) also rose, by 1.25%.
*Sampo Oyj of Finland went up 1%. SAXPF.
*Coterra is up $4.36%. CTRA.
All these are likely gainers from higher interest rates in Europe.
*BlackRock's back buying Sampo Oyj shares having nabbed 5.07% of those outstanding today.
*Eon (EONGY)is up about 1%. The Europeans forced Pres. Biden to reverse his decision to ban nuclear weapons.
Drug dealers
*Pfizer gained 1.13%, PFE reported Q4 earnings which beat at 16 cents vs 14 cents last year, and its revenues rose 52.4% form Q4 2020 and 2.24% from Q3.
*Exelixis partner Ipsen got EU CHIMP approval for its cabometyx to treat thyroid cancer. The stock is up. EXEL.
*Reckitt Benckiser fell 2.52% because it competes with Israelis. RBGLY.
*Hikma Pharma rose yesterday by over 2% presumably because it will meet UK regulations on sales to Russia. HKMPY.
Losers
*Methane leaks in the Permian Basin are 6 times higher than estimates.
*Chinese carmaker NIO fell 10.7% today after its organic growth level was cut, but an anonymous writer on Seeking Alpha called it "good value". China is now being viewed as a backdoor play for Ukrainian shares and it is therefore being heavily shorted. Try not to listen to unknowns on SA. China also has problems meeting US rules on auditing which further undermines its globally listed shares.
*Occidental Petroleum fell 2.77% yesterday as it is more dependent on the Permian than other oil and natural gas sellers. OXY.
*CBOE which offers options trading worldwide was down 1.4% yesterday on fear it will be sanctioned for Russia dealing.
*Nutrien is expected for have .022 lower earnings at $2.64 vs earlier estimates of $2.67 (US). NTR.
*Zymeworks lost 0.3% but there may be more to come. It is in the far west and moves slowly in other markets. ZYME.
*French grocery chain Leroy Merlin is neither a king or a magician. It continues its operations in Ukraine and Russia. Its French staff are on strike for this.
*Bond Exchange-traded funds are off because of US regulations requiring better audits of their holdings will boost their costs without raising their gains.
Disclosure: None.