19.77 - 21.33
4.21 - 22.545
Echofin Members Consensus
Man, it's mornings like this that I just have to scratch my head. I picked up $LPI a couple of days ago. Oil stocks have been on a rally and oil is holding strong. LPI had earnings yesterday and beat the estimates. Today, they are down, in contrast to most of the other upstream stocks I'm watching (COP, XOM, TOT, DVN, APA), and even down contra the oilfield service companies (SLB, HAL and BKR).
European markets finished mostly lower yesterday, led by continued rise in coronavirus cases. Credit Suisse Group slid 0.7%. The company announced that it is taking further steps to streamline its business by merging NAB's business with that of Credit Suisse in Canton Aargau by the end of this year. EssilorLuxottica shed 0.2%, after the company announced that the Dutch District Court has dismissed its demands for disclosure of information from both HAL and GrandVision on how GrandVision conducted business during Covid-19. On the flipside, LVMH Moet Hennessy Louis Vuitton rose 0.9%, following reports that the French luxury goods company and the US jeweller, Tiffany have extended the deadline to complete their $16.2 billion deal by three months. The FTSEurofirst 300 index slipped 0.3%, to settle at 1,434.9. The German DAX Xetra marginally fell, to settle at 13,061.6, while the French CAC-40 slightly added, to close at 5,008.3.