What to watch Chewy: Online pet food and product retailer Chewy’s share price is up by more than 150% in 2020, as consumers stuck at home have turned to online solutions. Pet sales and adoptions have also surged this year during US lockdown restrictions. The firm will deliver its third-quarter earnings on Tuesday, where investors…
Read more
What to watch Coupa Software: California-based tech firm Coupa Software offers business spending management services, which provide companies with visibility into and control over their operations. The firm’s share price has soared in 2020, more than doubling. Coupa’s cloud-based products fit well into the current mass work-from-home environment. Companies facing economic difficulties who want to…
Read more
What to watch US jobs report: All eyes will be on November’s job report from the Bureau of Labor Statistics on Friday, investors will be watching to see whether surging Covid-19 case numbers in the US have damaged the labour market. In October, jobs growth was better than expected, and the unemployment rate fell to…
Read more
What to watch Dollar General: Discount retailer Dollar General has added almost 40% to its share price in 2020, taking its market cap past the $50bn mark. Along with other discount retailers, Dollar General’s gains this year have been driven by consumers stocking up on staples, and turning to cheaper options in the face of…
Read more
OIL There are two main drivers behind the oil price rally of the last few weeks. The first and main one is the positive vaccine developments. The second one is related to OPEC and OPEC+ meetings, as investors are expecting an extension of the current cuts, which seems already priced in by the markets. Is…
Read more
OIL Stocks started the week in green in the early trading. In this still “risk on” scenario, the oil price is extending its gains. Investors are betting on the efficacy of the vaccine and with it, slowing numbers of coronavirus cases within a few months. These expectations – which of course will need to be…
Read more
OIL The general enthusiastic scenario is supportive for oil prices, which started the new week still in green. Markets are still in full risk on mode with investors betting on a vaccine and with it a relatively quick solution to the pandemic and this optimism is boosting oil. Sectors previously left behind, such as energy,…
Read more
OIL The good times for oil are continuing with risk on is still dominating. There is widespread optimism on markets even if in early trading today we have seen some investors taking profit after the large gains of the last few days. Investors are now seeing Covid-19 matter as something that won’t affect global oil…
Read more
GOLD The gold price was hit yesterday by news of the almost imminent release of a Covid-19 vaccine. Investors are now betting on a shorter crisis than previously expected with the coronavirus curse seemingly over within 12 months but is there too much optimism? Markets reacted with significant rallies in all sectors, while bullion sharply…
Read more
OIL The countdown to the US election is drawing into sharper focus and as the odds of a Biden victory increase (implied probability went up from 65 to 69.2% over the weekend), investors are betting on the likeliest scenarios for oil in the next few years. A Biden victory could see less support for the…
Read more