S&P Global In Talks To Pull Off The Biggest Deal Of 2020

S&P 500: +0.2% Friday, -12.6% YTD (+1.6% last week)

Dow Jones Industrial Average: +0.1% Friday, +4.8% YTD (+1.5% last week)

Nasdaq Composite: +0.9% Friday, +36% YTD (+2.5% last week)

UK oil giants ride surging crude price

London-listed stocks were close to flat last week, having made double-digit gains over the past month. There were some significant winners and losers last week, however. Oil giants BP and Royal Dutch Shell (RDS-A) both rode the surging oil price to significant weekly share price gains. BP added 7.6%, taking its one-month gain to 33.7%, while Royal Dutch Shell added 9% with its one-month gain standing at 40.4%. Miner Antofagasta and Rolls-Royce were among the other big winners of the week, with gains of 9% and 8.3% respectively. At the other end of the spectrum, credit checking firm Experian suffered a tough week after delivering its half-year earnings, with its share price down 11.1%. 

In the FTSE 250, Cineworld, travel firm Tui, cruise company Carnival, and EasyJet all delivered significant gains. Cineworld added 27.4%, taking its one-month gain past the 100% mark (although it remains more than 70% in the red for 2020), following news that it has secured a financing lifeline.

FTSE 100: +0.1% Friday, -15.6% YTD (+0.3% last week)

FTSE 250: +0.3% Friday, -11.1% YTD (-0.2% last week)

What to watch

Zoom Video Communications: Investors in (ZM) video communications company Zoom have been handsomely rewarded this year, with its year-to-date share price gain close to the 600% mark, as mass working from home has led to huge demand for virtual meeting tools. The company delivers its latest set of quarterly earnings on Monday, where there will be several key points of focus. First, investors will be watching for what has happened to new user rates as the pandemic has continued, but perhaps more important will be the company’s success at converting free users to paying subscribers. After its rapid share price gains, Wall Street analysts are split between buy and hold ratings on the stock.

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