Keep an eye on Plug Power (PLUG). Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug's results. Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. "We believe these additions to the portfolio...
Continue reading >>The market traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess. The losses were the first for the major indexes in 4 weeks as July has been a...
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Continue reading >>The market traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess. The losses were the first for the major indexes in 4 weeks as July has been a...
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Continue reading >>The market settled in the red on Tuesday after a mixed bag of earnings and before the Fed’s midweek update. The central bank began its 2-day FOMC meeting and will report this afternoon if they will take further action to support the economy as coronavirus continues to stall growth.The Nasdaq tested an intraday low of 10,397 before closing at 10,402 (-1.3%). Current support at 10,500 failed to...
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