SPI Energy Co Ltd
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1.51 - 8.59
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By Kanupriya Kapoor (Reuters) - Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, with Australian shares up 0.72%, Seoul adding 0.84% and Taiwan advancing 1.07%. Hong Kong's Hang Seng and China's main indexes also traded higher, while Japan's Nikkei share average slipped 0.04%. European markets also looked set for a firmer open, with pan-European futures up 0.93% and FTSE 100 futures rising 0.88%. The U.S. dollar index =USD - which measures the currency against six major rivals - rebounded 0.16% to 101.92, a level not seen since April 26. Meanwhile the kiwi hit a three-week high of $0.65 after the New Zealand central bank raised rates by an aggressive 50 basis points and signalled more to come. Overnight, Wall Street reeled from weak housing and manufacturing data, while U.S. central bankers backed two more big interest rate hikes as early as June and July to fight 40-year-high inflation. The Nasdaq Composite dropped 2.35% and the S&P 500 lost 0.81%.[.N] New home sales in the U.S. fell 16.6% month-on-month in April, the largest decline in nine years, sending U.S. Treasuries yields down to one-month lows as investors turned once again to safety. The benchmark 10-year note was at 2.766% and the 2-year yield was at 2.522%. But Atlanta Fed President Raphael Bostic warned headlong rate hikes could create "significant economic dislocation" and was among a handful of Fed policymakers who favour reducing the pace of rate hikes later in the year if inflation cools. Investors in Asia remain similarly nervous about growth being impacted by the effects of persistent Chinese COVID-19 lockdowns, which threaten to undermine recent stimulus measures in the world's second-largest economy. "In Asia, investor debate centers on whether or not China's easing policies are sufficient to offset downward pressures,” Stephen Innes of SPI Asset Management said in a note. "Fiscal multipliers will be minimal in an economy where economic activity have slowed sharply. Moving beyond mobility restrictions in short order is a pre-condition, but not a guarantee, for an Asia-led economic recovery." Gold prices dipped 0.19% to $1,862.27 per ounce, having risen to their highest in two weeks on Tuesday, as the greenback gained. Oil prices climbed more than 1% on the prospect of tight supplies. U.S. crude futures rose to $111.05 a barrel, and Brent rose to $114.86.
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By Noah Browning LONDON (Reuters) -Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown that fuelled worries about a sharp slowdown in growth. Brent crude futures rose $1.06 or 0.9% to $113.61 a barrel by 1240 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 97 cents, or 0.9%, to $111.25 a barrel, adding to last week's small gains for both contracts. "Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes. "Refineries are typically in ramp-up mode to feed U.S. drivers' unquenching thirst at the pump." The U.S. peak driving season traditionally begins on Memorial Day weekend at the end of May and ends on Labor Day in September. Analysts said despite fears about soaring fuel prices potentially denting demand, mobility data from TomTom and Google (NASDAQ:GOOGL) had climbed in recent weeks, showing more people were on the roads in places like the United States. A weaker U.S. dollar also sent oil higher on Monday, as that makes crude cheaper for buyers holding other currencies. Market gains have been capped, however, by concerns about China's efforts to crush COVID-19 with lockdowns, even with Shanghai due to reopen on June 1. Lockdowns in China, the world's top oil importer, have hammered industrial output and construction, prompting moves to prop up the economy, including a bigger-than-expected mortgage rate cut last Friday. "The persistent squeeze in refined petroleum products in the U.S. and ever-present Ukraine/Russia risk underpinned prices, with China slowdown and U.S. recession noise limiting gains," said Jeffrey Halley, a senior market analyst at OANDA. The European Union's inability to reach a final agreement on banning Russian oil following its invasion of Ukraine, which Moscow calls a "special operation", has also stopped oil prices from climbing much higher.
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By Isabel Kua SINGAPORE (Reuters) - Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally. Brent crude futures fell 11 cents, or 0.1%, to $114.13 a barrel by 0602 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid 22 cents, or 0.2%, to $113.98 a barrel. Both benchmarks gained more than 2% on Monday, following a 4% jump on Friday. EU foreign ministers failed on Monday in their effort to pressure Budapest to lift its veto of a proposed oil embargo on Russia following the country's invasion of Ukraine. An embargo would require approval from all EU nations. On the supply side, U.S. producers are ramping up in order to replenish inventories that have dwindled in the wake of Russia's war on Ukraine - which Moscow calls "a special military operation" - and recovery from the COVID-19 pandemic. Oil output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil producer, is due to rise 88,000 barrels per day (bpd) to a record 5.219 million bpd in June, the U.S. Energy Information Administration (EIA) said on Monday. Still, overall sentiment on prices remained bullish amid optimism about demand recovery in China as it looks to ease COVID restrictions that have hurt its economy, analysts said. "All supply data suggest dips will be shallow despite potential demand destruction from China's lockdown but even in that view, we are seeing the light at the end of the lockdown tunnel trade," said Stephen Innes, managing partner at SPI Asset Management, in a note. Shanghai on Tuesday achieved the long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones and set out on Monday its clearest timetable yet for exiting a lockdown now in its seventh week. Further supporting prices was the "intensifying geopolitical tension" between EU and Russia as Sweden and Finland seek to join NATO, CMC Markets analyst Tina Teng said. "This could cause a retaliation action by Russia to further cut gas supply," she added. Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed on Monday, underlining tight supply.
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By Noah Browning LONDON (Reuters) -Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China's COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia. Brent crude futures were up $2.32, or 2.2%, at $109.77 a barrel at 1345 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed $2.52, or 2.4%, to $108.65 a barrel. Both benchmark contracts were, however, on track to post slight declines for the week. The market is continuing to be pushed and pulled by the prospect of a European Union ban on Russian oil tightening supply and concerns about faltering global demand. SPI Asset Management managing partner Stephen Innes said in a note that oil traders were looking "for a glimmer of light at the end of China's gloomy lockdown tunnel". "Still, we continuously end up at square one with lower case counts weighted against the authorities doubling down on their zero COVID policy," he added. Inflation and rate rises have driven the U.S. dollar to 20-year highs, capping oil price gains as a stronger dollar makes oil more expensive when purchased in other currencies. Analysts, however, continue to focus on the prospect of a European Union ban on Russian oil, after Moscow imposed sanctions this week on European units of state-owned Gazprom (MCX:GAZP) and after Ukraine halted a key gas transit route. "Oil prices are rebounding today as the world is in wait-and-see mode over a broad economic downturn and the potential implications of a recession on oil demand," said Rystad Energy analyst Louise Dickson. "Extended Covid-19 lockdowns in China, rising cases elsewhere, and fiscal policy decisions to combat soaring inflation are giving the markets reason to be skittish as oil continues its run of over $100/barrel averages." An International Energy Agency report on Thursday said rising oil production in the Middle East and the United States and a slowdown in demand growth were "expected to fend off an acute supply deficit amid a worsening Russian supply disruption".
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By Florence Tan (Reuters) - Oil prices bounced on Wednesday ahead of an announcement by the U.S. Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. Brent crude futures had risen $1.46, or 1.4%, to $106.43 a barrel by 0616 GMT amid thin trading volume, with China and Japan closed for holidays. West Texas Intermediate crude futures rose $1.59 , or 1.6%, to $104.00 a barrel. The gains came on the back of news from Tuesday that the European Union would slap new sanctions on Russia for waging war on Ukraine. [nL3N2WW0CK] European Commission President Ursula von der Leyen is expected to spell out the proposed new sanctions on Wednesday, including a ban on imports of Russian oil by the end of 2022, officials said. Investors are also waiting for an announcement from the Fed on Wednesday. It is expected to intensify efforts to bring down high inflation by raising interest rates and reducing its balance sheet. Oil "prices remain in a holding pattern ahead of EU sanctions and the Fed", Stephen Innes of SPI Asset Management said in a note. In the United States, crude and fuel stocks fell last week, according to market sources citing American Petroleum Institute figures. Crude stocks fell by 3.5 million barrels for the week ended April 29, they said. This was more than an expected 800,000-barrel drop estimated in a Reuters poll. [API/S] U.S. government data on stocks is due on Wednesday. [EIA/S] Oil prices fell more than 2% on Tuesday on demand worries stemming from China's prolonged COVID-19 lockdowns that have curtailed travel plans during the Labour Day holiday season. [nL5N2WW04M] The global manufacturing purchasing managers index contracted in April for the first time since June 2020, with China's lockdowns a key contributor, Caroline Bain, chief commodities economist at Capital Economics said in a note. "The big picture is clearly negative for commodities demand," she said, adding that rising inflation and higher interest rates were starting to bear down on spending. "While supply constraints may keep commodity prices elevated for some time yet, we think subdued demand will weigh on most prices later this year and in 2023," Bain said. On Thursday, the Organization of the Petroleum Exporting Countries and their allies are expected to stick to their policy for another monthly production increase, although the group, known as OPEC+, undershot output targets between October and March, except for February.
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By Sonali Paul MELBOURNE (Reuters) - Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world's top oil importer, outweighed fears of potential supply stress from a looming European Union ban on Russian crude. Brent crude futures fell $1.13, or 1.1%, to $106.01 a barrel at 0511 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1, or 1%, to $103.69 a barrel. Markets in Japan, India and across Southeast Asia were closed for public holidays on Monday. Prices fell after China released data on Saturday showing that factory activity in the world's second-largest economy contracted for a second month to its lowest since February 2020 because of COVID lockdowns. "A slowing to that extent, when China is already suffering from a property bust and worries about its (until recently) increased regulation, is potentially a major issue for commodity markets and the world economy," said Tobin Gorey, a Commonwealth Bank commodities analyst, in a note. On the supply side, Libya's National Oil Corp (NOC) said on Sunday it would temporarily resume operations at the Zueitina oil terminal to reduce stockpiles in storage tanks to avert an "imminent environmental disaster" at the port. NOC in late April declared force majeure on some shipments at Zueitina as political protesters forced a number of oil facilities to suspend operations. Limiting the down side for oil prices is a possible dent in supply with the European Union leaning towards banning imports of Russian oil by the end of the year, two EU diplomats said after talks between the European Commission and EU member states on the weekend. Around half of Russia's 4.7 million barrels per day (bpd) of crude exports go to the EU, supplying about one-fourth of the EU's oil imports in 2020. "In the absence of an immediate EU total oil embargo, eliminating mobility restrictions in China is necessary to drive oil out of its current range," said SPI Asset Management Managing Partner Stephen Innes. While Western countries have curbed buying Russian oil as sanctions have hit shipping and insurance for the country's exports, the impact on global supply has been cushioned as India has been picking up heavily discounted Russian cargoes. Royal Bank of Canada analysts estimated India's crude imports from Russia have grown from less than 100,000 bpd in 2021 to 800,000 bpd in April and expect India to continue ramping up imports as long as Washington does not impose secondary sanctions. Reuters reported on Friday that Indian refiners are negotiating a six-month oil deal with Russia to import millions of barrels per month.
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By Florence Tan (Reuters) -Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Brent crude futures rose 67 cents, or 0.6%, to $105.66 a barrel by 0636 GMT. U.S. West Texas Intermediate crude futures gained 44 cents, or 0.4%, to $102.14 a barrel. Crude prices settled about 3% higher on Tuesday in volatile trade as the market is torn between supply and demand concerns over Russian oil and gas disruption and a worsening global economic outlook. "The market is increasingly volatile and event driven," said Howie Lee, an economist at Singapore's OCBC bank. "Energy security across the world is getting more vulnerable and vulnerable security normally comes with a higher price tag." Russian energy giant Gazprom (MCX:GAZP) said on Wednesday it has completely halted gas supplies to Bulgaria and Poland due to absence of payments from the countries in roubles for the fuel delivery, in a major escalation of Russia's broader row with the West over its invasion of Ukraine, which Moscow calls a "military operation". The row sent NYMEX ultra-low-sulfur diesel futures up more than 9% on Tuesday to settle at $4.47 a gallon, a record close. "Oil is supported via the escalation of geopolitical tensions," Stephen Innes of SPI Asset Management said in a note. "Cutting gas flows is not new news, but it's the timing of Russia plugging the gas flows when stagflationary fears are running rampant again." The International Monetary Fund (IMF) warned on Tuesday that Asia faces a "stagflationary" outlook with the Ukraine war, a spike in commodity costs and a slowdown in China creating significant uncertainty. China's central bank said on Tuesday it will step up prudent monetary policy support to its economy as Beijing races to stamp out a nascent COVID-19 outbreak in the capital and avert the same debilitating city-wide lockdown that has shrouded Shanghai for a month. Any stimulus would boost oil demand. Despite extended lockdowns in Asia's biggest aviation market, China's domestic flight demand has rebounded, pushing global airline capacity to its highest level in 2022 this week, travel data firm OAG said on Tuesday. In supply, U.S. government data on crude inventories is due later on Wednesday. Industry data on Tuesday showed U.S. crude and distillate stocks rose last week while gasoline inventories fell. [API/S] [EIA/S]
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RCAT - Potential hot chick. I rather let it push and exhaust first before I make a plan. A massive push toward 3.00 and rejection would have me interested, but until then. I have it on side radar SPI - FORMER RUNNER. This can be weak all morning then zombie back to highs. Be VERY CAREFUL here short side. Again, will WAIT ON THIS short side MULN - This has been holding very very strong and SSR is still on. This might continue to trap shorts as its been very crowded. Will probably ignore the short for now AMC - In a perfect world we get a big push toward 24 / 25 to short, if it just continues to tank LET IT TANK no need to chase lows. Its been red few days in a row so we might get a dead cat bounce LGVN - $14.04 is SSR trigger. I think they will trigger SSR then rebound it. So ideally a morning pop toward 15.00 / 15.50 / 16.00 with a 16.50 ultimate stop TWTR - Way out of my pay grade lol. Ignoring both long and short https://myinvestingclub.com/trading/how-to-scale-into-the-watch-list-when-to-use-max-full-size-when-trading-30-rule-watch-list/
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By Sonali Paul and Mohi Narayan MELBOURNE (Reuters) - Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine. Brent crude futures were up $2.53, or 2.28%, at $113.67 a barrel at 0651 GMT after trading in about a $5 range. The benchmark contract slumped 13% in the previous session in its biggest one-day drop in nearly two years. U.S. West Texas Intermediate (WTI) crude futures were up $1.64, or 1.51%, at $110.34 a barrel, after trading in a $4 range. The contract had tumbled 12.5% in the previous session in the biggest daily decline since November. Uncertainty over where and when supply will come from to replace crude from the world's second-largest exporter Russia in a tight market has led to wide-ranging forecasts for oil prices between $100 and $200 a barrel. "So to suggest the oil market is confused would be an understatement as we are in an unprecedented situation," said Stephen Innes, managing partner at SPI Asset Management. Comments from the United Arab Emirates energy minister and the country's ambassador to Washington sent conflicting signals. UAE Energy Minister Suhail al-Mazrouei said on Twitter (NYSE:TWTR) late on Wednesday his country is committed to the existing agreement by the Organization of the Petroleum Exporting Countries and allies including Russia, together called OPEC+, to ramp up oil supply by 400,000 barrels per day monthly following sharp cuts in 2020. Just hours before, prices slumped on comments from UAE's ambassador to Washington saying his country will be encouraging OPEC to consider higher output to fill the supply gap due to sanctions on Russia after it invaded Ukraine. Russia calls its incursion a "special operation" to disarm its neighbour. The comments from UAE officials came as the market also took into account moves by the United States to ease sanctions on Venezuelan oil and efforts to seal a nuclear deal with Tehran, which could lead to more oil supply coming from Iran later this year. Talks set for Thursday between Russia and Ukraine's foreign ministers in Turkey also gave the market reason for pause. While UAE and Saudi Arabia have spare capacity, some other OPEC+ producers are struggling to meet their output targets due to underinvestment in infrastructure over the past few years, which will limit their ability to lift output further. "We think it will be challenging for OPEC+ to boost production in this environment," Commonwealth Bank commodities analyst Vivek Dhar said. Meanwhile, U.S. crude oil, fuel stockpiles fell last week, adding to the worries over already tight global supplies. Crude inventories fell by 1.9 million barrels in the week to March 4 to 411.6 million barrels, compared with analysts' expectations in a Reuters poll for a 657,000-barrel drop. U.S. crude stocks in the Strategic Petroleum Reserve fell to 577.5 million barrels, the lowest since July 2002.
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anche spi comincia a essere in profit
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IU Watchlist: Main Watches: $IONQ 50% the last two days monster move - shorts got twisted. Remember front side = thin. Reactive trades = PROACTIVE covers until things settle down and sell side is confirmed ie: LCID today RIVN etc. So, if I short a parabolic and it flushes I will be covering into flushes like RBLX today until it gets HEAVY and confirms. We may still be going $35 + at this rate. Shorts feel incredibly caught. $LCID floated down AHs I am hopeful for $52 + tomorrow then fade off if not - watch $50 open and flush to $45-47 range and could get a solid rebound too. $GGPI thinking this could fill gap if LCID doesn't ramp back and hold - that said over $14.20s if it continues to defend - behave! $GOEV killer today from pre market awesome job. Higher better tomorrow and then maybe into singles. Failed Follow Through: $RIVN higher better and sub $130s $RBLX nice one today looking to join failed follow through $QS nice seller present higher better for back side Continuation: $EYPT feels like shorts twisted - dips vs $17.50s $TRT same deal - any big break outs = sell any flushes = scoop for me as long as over all trend holds. Don't chase break out you'll be buying smart $ sells. $RETO weak open for break out again - those bids soaked and refreshed. $PPSI same thing - figured $8.50-9s on scan last night I do think shorts are trapped still but if it keeps failing it keeps failing respect it. If you are chasing a break out you're asking for it. $SPI watch dips tomorrow vs. $7 I sized out of most but will re scale if it holds well. $SABS impressive move today feels like shorts twisted on low volume. $KZR nice one today opened up huge after the circuit for the exit will look to re scoop all dips vs $12
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GOEV - Looking to short a morning bounce toward 12.60 / 13.00 / 13.20 with a pre mkt HOD stop LCID - Potential FIRST RED DAY. Looking to short this at $55.50 when it goes red RIVN - Maybe a bounce toward VWAP in the morning to short (risky) SPI - Would love a 7.50 / 8.00 pop to short CEI - Ideally this extends toward 2.00 to short
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IU Watchlist: Main Watches: $LCID ideally $62-65 + parabolic -- just some thoughts based off the comments in room today. I feel like most post were very micro focused. Zoom out and look at macro levels - there is NO rush when stocks trend like this. Heck I may put a few on starters here and there to get a vibe but if you're looking for the .20-.50 trade on $10 range forget it. Reactive trade off open and then look 945-10AM + for more clarity. $RIVN I don't know if it's fueling LCID or LCID fueling it etc but we'll see ideally gap up rush on $200 and then an opp one day at a time no sense making a plan tonight. $GOEV big move AHs - nice from MaxAlgo all day went nuts AHs. Should be a nice fade opportunity soon. $GGPI trappy as hell but thick when it wants to be - most important to be covering on flushes - its hard though I've minimized this trade numerous times. So far it's held all the key levels needed. Watch w/ the rest of the sector. Failed Follow Through: $PTON higher better and looking for failed follow through. $RBLX nice opp today - great scale. Had a feeler on to focus got the trade after the candles noted nice flush to VWAP - a great example of not trying for a home run - just take the move and move on. $QS higher better and more fails would be ideal. Nice game plan today on broadcast. Continuation: $SPI huge rocket AHs on the swing trade - hit $8 - awesome 🙂 $PPSI I don't want to get overly bullish but just has that feeling that shorts may have been trapped again. Right space right now if it starts to get rollin' again over $8.50-9 I may give it a go and close my eyes. $RETO possible continuation tomorrow - chart is huge so if it stops squeezing up please realize chart is huge. I'd be looking to fade it but felt like there was a steady buyer in there all day very well can keep grinding. Had a little action AHs but nothing that turned into much. $TRT keeps holding on - tiny market cap. Watch all dips.
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IU Watchlist: Main Watches: $MARA just realized AHs that it was up $15/share - insane day. Bitcoin going wild nothing to step in front it'll keep getting absorbed as long as Bitcoin agrees. Looking for over extensions vs. BTC action to trade - looking for squeeze opportunities to fade. At this point I'd have a hard time getting long unless $3-4 fade and then a reversal set up. $LCID as we discussed on the broadcast this morning I think we are going $50-60 near term (pending TSLA) but will trade around that idea on the short side. Nice fade opps today if you were trading it you made money if you were looking for more you likely minimized if you tried to force a trade you likely lost. I was in the made money to minimized side of things. Definitely had a monster trade this AM but wanted a bit more so only covered 1/2 and then it went back to entry. Patience for set up and wait for opportunity to present. $FCEL steady break out continues watch with PLUG and rest - should have a nice extension trade soon - $11.50 + and sit back flat is ideal. $QS nice game plan on this - perfect set up goal on last Sunday video and this past was just like LCID so far carbon copy. Looking for $2-3 + more and then fade off for a trade. Failed Follow Through: $SKLZ double top looking left on daily - morning shove and if pressure comes in I'd love to fade it but again we are in a melt up market and an insider buy so just be aware if it stops going down ... may be worthy trend up. $F so far so good from the break out idea over $19.60 - tried it short twice today didn't really turn into much nothing to size will be monitoring for the day these things take a break. $OCGN nice plan today higher better for back side. Continuation: $PPSI flip a coin, nice one into close nice squeeze out I re bought a few AHs but don't trust it I'll either be up or down a buck and if I'm down a buck that's fine if I am up a buck I'll scale in if it looks to go. $PTPI snuck back today nothing I'm excited about for XXL scale until the levels I went over. At this point reminds me of BMRA may take time. $DNA setting up well - did the consolidation we talked about now setting up for possible next leg. $PALT watching in case rebound $SUNW started in today scaled in - scaled down holding core $SPI same as above
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By Roslan Khasawneh and Sonali Paul SINGAPORE (Reuters) -Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a fall in U.S. crude stocks and were set for modest weekly gains ahead of a highly anticipated U.S. monthly jobs report. Brent crude futures were up 13 cents, or 0.2%, to $73.16 a barrel at 0619 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 4 cents, or 0.1%, at $69.95 a barrel. Both benchmark oil contracts jumped 2% on Thursday, putting WTI on track to climb 1.8% for the week, while Brent headed for a 0.6% weekly gain. The move down in WTI was likely due to traders squaring positions ahead of the U.S. non-farm payrolls report for August, on worries the report may be weaker than consensus forecasts, said Stephen Innes, managing partner at SPI Asset Management. However, some analysts see room for further oil price gains amid tightening crude supplies and signs of recovering fuel demand. "With an oil market still strongly in deficit for the remainder of the year, oil seems poised to rally further as OPEC+ signals discipline in easing cuts and as U.S. stockpiles continue to decline," Edward Moya, senior market analyst at OANDA, said. The increase this week has also come amid a falling U.S. dollar, which makes oil cheaper in other currencies, and the fallout from Hurricane Ida. "The prolonged U.S. Gulf production and Louisiana refining capacity outages, which are bound to carve a bigger hole in the already diminished U.S. oil stockpiles, as well as data showing continued strong domestic fuel demand recovery are supportive factors," said Vandana Hari, energy analyst at Vanda (NASDAQ:VNDA) Insights. About 1.7 million barrels per day of oil production remains shut in the U.S. Gulf of Mexico, with damage to heliports and fuel depots slowing the return of crews to offshore platforms, sources told Reuters. Offsetting the supply impact, oil demand has been curbed as extended power outages are slowing the reopening of refineries that were shut in Louisiana. Demand is likely to be in focus after the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, this week stuck to their plan to add 400,00 barrels per day (bpd) back to the market over the next few months amid surging COVID-19 cases, analysts said. "The focus shifts again to the shape of the demand recovery, with some concern that it will be challenging to keep the market in deficit next year if OPEC+ continues to add supply at the anticipated 400,000 bpd pace," Innes said.
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@DarkPoolAlgo #Dark Pool Charts
Monday, August 23, 2021 Futures Up/Down % Last Dow 157.00 0.45% 35,215 S&P 500 15.25 0.34% 4,452 Nasdaq 40.50 0.27% 15,127 Stock futures are looking higher, trying to rebound after last week’s modest losses, boosted by hopes that the U.S. FDA is aiming to give full approval to Pfizer’s ($PFE) COVID-19 vaccine today (as per a NYTimes article Friday) and as investors looked to the Jackson Hole symposium later in the week for hints on future Federal Reserve policy. Oil prices rebound, rising around 3%, looking to snap its 7-day losing streak as prices fell over 9% last week. In Asian markets, The Nikkei Index jumped 480 points (1.78%) to 27,494, the Shanghai Index gains 49 points (or 1.45%) to 3,477 and the Hang Seng Index rises 259 points to 25,109. In Europe, the German DAX is higher by 40-points to 15,850, while the FTSE 100 gains 30 points to 7,120. Stocks slumped last week as the S&P 500 drops 0.59%, Dow down 1.12%, Nasdaq loses 0.73%, but YTD performance remains impressive with the S&P +18.25%, the Dow +14.74%, the Nasdaq +14.17% and the Russell 2000 +13.14% (gold -5.91%, Bitcoin +57.52% and oil +30.87%). The S&P and Dow were weighed down by steep losses among shares of economically-sensitive companies like banks, materials companies and energy producers this week as the Fed signaled that it will scale back some of its easy money policies. Other factors playing a role in volatility last week included an uptick in Covid-19 infections and a slowdown in China’s growth that could impede the economic recovery. Bitcoin prices topped $50K over the weekend, the first time since mid-May (15th) in a continuation of last week’s advance Market Closing Prices Yesterday The S&P 500 Index gained 35.87 points, or 0.81%, to 4,441.67 The Dow Jones Industrial Average rose 225.98 points, or 0.65%, to 35,120.08 The Nasdaq Composite surged 172.86 points, or 1.19%, to 14,714.66 The Russell 2000 Index advanced 35.18 points, or 1.65% to 2,167.60 Events Calendar for Today 9:45 AM ET Markit Manufacturing PMI-F…est. 62.5 9:45 AM ET Market Composite Flash-PMI…est.58.3 9:45 AM ET Markit Services PMI-Flash…est.59.5 10:00 AM ET Existing Home Sales MoM for Aug…est. 5.83M Earnings Calendar: Earnings Before the Open: $JD, $MSGE Earnings After the Close: $FLXS, $MARK, $PANW Other Key Events: American Association of Neurological Surgeons, 8/21-8/25, in Orlando, FL UBS China Telco, Media, Internet Virtual Conference 2021, 8/23-8/27 Truist Texas Bank Virtual Summit, 8/23-8/24 Macro Up/Down Last Nymex 1.90 64.04 Brent 2.06 67.24 Gold 7.40 1,788.50 EUR/USD 0.0019 1.1717 JPY/USD 0.29 110.07 10-Year Note +0.018 1.278% World News France Aug Mfg PMI: 57.3 in line; Services 65.4 vs 57.0 consensus Germany Aug Mfg PMI: 62.7 vs 65.0 consensus; Services 61.5 vs 61.0 consensus Eurozone Aug Mfg PMI: 61.5 vs 62.0 consensus; Services 59.7 vs 59.8 consensus UK Aug Mfg PMI: 60.1 vs 59.5 consensus; Services 55.5 vs 59.0 consensus Sector News Breakdown Consumer General Motors Co ($GM) to take a $1B charge to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack; this comes on top of $800M in costs from previous Bolt recalls – Reuters Uber ($UBER), Lyft ($LYFT) and DoorDash ($DASH) fall after a California state judge strikes down a ballot measure that declared drivers for the companies were independent contractors Energy, Industrials and Materials The U.S. Defense Department ordered U.S. airlines to provide 18 planes to transport evacuees, saying the extra capacity will help military aircraft focus on operations in and out of Kabul Stem ($STEM) a positive mention in Barron’s saying the company that installs batteries for utilities and sells software to manage them, is an attractive renewable energy bet. Business inquiries have picked up since the company received a $475 million cash injection through a SPAC merger in April, the CEO said. Revenue is expected to more than double in 2022 Maxar Technologies ($MAXR) won a 5-year, $60M contract from the U.S. National Geospatial-Intelligence Agency (NGA) to continue development and operations of a classified big data analytics program SPI Energy ($SPI) said its wholly owned Phoenix Motorcars subsidiary expands R&D and production capabilities; Phoenix Motorcars signed a long-term lease agreement for the facility located in Anaheim, California Ardmore Shipping ($ASC) files to sell $50M of common stock Financials Jefferies ($JEF) mentioned positively in Barron’s calling it a “rising star” on Wall Street and it will benefit from European banks’ pullback from the U.S. capital markets. CEO Rich Handler told Barron’s the investment bank is “long-term oriented” in its approach and is in no hurry to sell its merchant-banking business. PayPal ($PYPL) will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week – Reuters Healthcare The FDA is targeting full approval of Pfizer ($PFE)-BioNTech’s ($BNTX) two-dose Covid-19 vaccine on Monday, August 23, further expediting an earlier timeline for licensing the shot, The New York Times reported Axsome Therapeutics Inc ($AXSM) rises over 30%; said the FDA was unable to complete its review of the company’s drug to treat major depressive disorder by the target action date of Aug. 22; said the FDA did not request additional information, adding that the review of the application was ongoing. Orphazyme ($ORPH) rises more than 20% after the Danish biotech company posted results from the trial of its key drug candidate for a genetic disorder Niemann-Pick disease type C, two months after it was rejected in the U.S. Technology, Media & Telecom com ($JD) Q2 Non-GAAP EPS of $0.45 beats by $0.11; GAAP EPS of $0.08 misses by $0.13; Q2 revs $39.3B beats by $1.12B; annual active customer accounts increased by 27.4% Y/Y to 531.9 million in the twelve months ended June 30, 2021. Intel ($INTC) wins us government project to develop leading-edge foundry ecosystem; Intel Foundry Services will lead the first phase of the U.S. department of defense’s ramp-c program to establish a domestic commercial foundry infrastructure. Nokia ($NOK) announced that it has been selected by A1 Telekom Austria Group (A1) to extend its 5G footprint outside of Austria into Bulgaria, Serbia, and Slovenia. Barron’s said investors should have more confidence in Spotify ($SPOT), noting while its audience growth is losing steam, Spotify is poised to post a profit in 2022, making it a promising bet as a market- leading subscription service in a growing sector Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. ($NXST), announced on Friday it acquired The Hill for $130 million (plus working capital adjustments), in a transaction that is expected to be immediately accretive to Nexstar’s operating results. The Hill is the nation’s leading, independent, political digital media platform.
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@DarkPoolAlgo #Dark Pool Charts
/*============================================= = Wednesday, June 16, 2021 = =============================================*/ Futures Up/Down % Last Dow -14.00 0.04% 34,163 S&P 500 1.25 0.04% 4,238 Nasdaq 20.50 0.14% 14,042 U.S. stock futures are looking flat as the most highly anticipated Federal Reserve policy meeting is upon us, with the FOMC meeting statement at 2:00 PM ET followed by a press conference by Chairman Jerome Powell. While the central bank is widely expected to keep key interest rates near zero, its statement and subsequent Q&A session from Powell is sure to be parsed for clues regarding the timing of taper talks, as well as any indications if rising inflation prices are a concern, or just temporary as the Fed has pleaded over the last three months. Treasury yields remain depressed despite recent higher inflation readings (CPI, PPI) as the benchmark 10-year yield holds under 1.50%. In Asian markets, The Nikkei Index fell -150 points to 29,291, the Shanghai Index fell -38 points to 3,518 (3rd straight day of losses) to 28,436, and the Hang Seng Index fell -201 points to 28,436. In Europe, the German DAX is up about 20 points to 15,750, while the FTSE 100 rises about 10 points to 7,185. Wall Street took a rest on Tuesday, as major indexes closed lower and the S&P 500 and the Nasdaq backed down from the previous session’s record closing highs. Big tech pulled back on Tuesday after leading the day prior while Dow Transports finished green. While U.S. stock indexes have been range-bound since the beginning of the month, any changes in nuance from the Fed today, and Friday’s quadruple witching options expiration, could trigger some volatility. Market Closing Prices Yesterday The S&P 500 Index slipped -8.56 points, or 0.20%, to 4,246.59 The Dow Jones Industrial Average fell -94.42 points, or 0.27%, to 34,299.33 The Nasdaq Composite slumped -101.29 points, or 0.71%, to 14,072.86 The Russell 2000 Index declined -6.07 points, or 0.26% to 2,320.07 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:30 AM EST Housing Starts MoM for May…est. 1.63M 8:30 AM EST Building Permits MoM for May…est. 1.73M 8:30 AM EST Import Prices MoM for May…est. 0.8% 10:30 AM ET Weekly DOE Inventory Data 2:00 PM EST FOMC June Meeting Earnings Calendar: Earnings Before the Open: None Earnings After the Close: $LEN Other Key Events: Citigroup European Healthcare Conference (virtual), 6/14-6/16 Cowen Annual Future Health Conference (virtual), 6/16-6/17 Deutsche Bank Global Auto Industry Conference (virtual), 6/16-6/17 European Hematology Association (EHA) Virtual Meeting, 6/9-6/17 Northland Customer Engagement SaaS Conference (virtual), 6/15-6/16 Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference (virtual), 6/15-6/16 Macro Up/Down Last Nymex 0.09 72.21 Brent 0.16 74.15 Gold -0.85 1,858.20 EUR/USD -0.0004 1.2122 JPY/USD -0.14 109.94 10-Year Note -0.014 1.485% World News S. TIC data report showed foreign accounts purchased $100.7 B in net long term securities in April, after the$262.4 B (was $262.4 B) surge in March. Accounts also bought a total of $101.2 B in assets on the month versus $146.7 B (was $146.4 B) previously China May Retail Sales: y/y 12.4% vs 13.6% consensus; China May Ind Prod: y/y 8.8% vs 9.0% consensus Japan April Core Machinery Orders:6% vs 2.5% consensus; Japan May Trade Balance: -Y187b vs -Y77b consensus Sector News Breakdown Consumer DAVIDsTEA ($DTEA) Q1 EPS C$0.05 vs. (C$0.26) last year Q1; Q1 sales fell -27.9% to $23.2M from $32.2M YoY; said brick and mortar sales for the quarter declined when compared to the prior year quarter by $11.9 million or 78.3% to $3.3 million; sales from e-commerce and wholesale channels increased by $2.9 million or 17.2% to $19.9 million, from $17.0 million in the prior year quarter La-Z-Boy ($LZB) Q4 non-Gaap EPS $0.87 vs. est. $0.74; Q4 sales $519.5M vs. est. $498.5M; anticipates ongoing incremental increases in manufacturing capacity throughout fiscal 2022 that will enable higher delivered sales; incoming order rates and backlog will mitigate usual seasonal slowdown associated with Q1; Q4 written same-store sales up 100% General Motors ($GM) will increase its global spending on electric and autonomous cars to $35B, which is 30% higher than the company’s most recent forecast, Reuters reported Blue Apron ($APRN) announces stock offering Energy, Industrials and Materials The American Petroleum Institute ($API) shows a draw of 8.54M barrels of oil for the week ended June 4, gasoline inventories show a build of 2.85M barrels, distillate inventories show a build of 1.96M barrels and Cushing inventories show a draw of 1.53M barrels A U.S. District Court judge grants a preliminary injunction to Louisiana and 12 other states that sued the Biden administration over the halt on new oil and gas leasing on federal lands Bespoke noted that WTI crude has now had a record 13 straight days with an intraday high higher than the last (WTI crude closed above the $723 per barrel level Tuesday for first time since October 2018) Phoenix Motorcars, a wholly owned subsidiary of SPI Energy ($SPI) has launched a full range of EV charging products for the U.S. market. S. Steel ($X) assumed with Underweight from Neutral at JPMorgan Financials Capital One Financial ($COF) selected as exclusive long-term issuing partner for new Williams Sonoma, Inc. ($WSM) credit cards; new credit cards and loyalty enhancements are expected to launch before end of 2021 H&R Block ($HRB) Q4 adj EPS $5.16 vs. est. $5.13; Q4 revs $2.33B vs. est. $2.35B; raises quarterly dividend 4% to $0.27; announced its fiscal year-end will change to June 30, effective immediately; says substantially exceeded its original FY revs and earnings outlook when including total tax season through extended deadline PennyMac Mortgage ($PMT) files automatic mixed securities shelf R. Berkley Corporation ($WRB) raised quarterly dividend by 8% to $0.52 Healthcare The FDA cleared an additional batch of Johnson & Johnson ($JNJ) Covid-19 vaccine doses from a troubled production plant in Baltimore run by Emergent BioSolutions Inc. ($EBS) as the agency cleared 15 million doses, bringing the total doses authorized for export to 25 million Elanco ($ELAN) will acquire all outstanding stock of Kindred Biosciences (KIN) at a price of $9.25 per share, or approximately $440 million, a premium of 52% based on the 30-day average Molecular Partners ($MOLN) 3M share IPO priced at $21.25 Rapt Therapeutics ($RAPT)79M share Secondary priced at $33.00 Regeneron Pharmaceuticals Inc. ($REGN) said an antibody it developed has been shown to significantly cut the risk of death among certain hospitalized Covid-19 patients, raising hopes for a valuable new tool for tackling severe cases. Inhibikase Therapeutics ($IKT) 15M share Secondary priced at $3.00 Protagonist Therapeutics ($PGTX)05M share Spot Secondary priced at $37.75 Eton Pharmaceuticals ($ETON) has acquired U.S. and Canadian rights to Crossject’s ZENEO hydrocortisone needleless autoinjector, which is under development as a rescue treatment for adrenal crisis Spero Therapeutics ($SPRO) announces the initiation of two early-stage trials of SPR206, an intravenously (IV)-administered next-generation polymyxin product candidate. Technology, Media & Telecom Oracle Corp. ($ORCL) Q4 adj EPS $1.54 vs. est. $1.31; q1 revs $11.23B vs. est. $11.04B; qtrly cloud services and license support revenues were up 8% to $7.4B; qtrly cloud license and on-premise license revenues were up 9% to $2.1B; Q4 Cloud Application Revenue: Fusion ERP up 46%, Fusion HCM up 35%, NetSuite ERP up 26%; Q4 Short-term deferred revenues were up 10% from last year to $8.8 billion. Operating cash flow was up 21% to a record $15.9 billion during the trailing twelve months Convey Holding ($CNVY)333M share IPO priced at $14.00 Roblox ($RBLX) shares fell -8%; released May key metrics, which showed daily active users hit 43M, which was up 28% from the previous May, but down 1% from 43.3M in April; hours engaged increased, however, to 3.2B (up 9% year-over-year, and up 1% from April) MiTek ($MITK) announces $15 million share repurchase program WalkMe ($WKME)25M share IPO priced at $31.00
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Good morning traders, US stock futures little changed with the S&P still sitting at ATH level. Gold, silver and crude are all flat. Dollar and treasuries are marginally lower. Some more very big movers this morning. $AEMD report that they can remove covid virus from bloodstream. $SPI on start of production new EV drivetrain product $SLDB on new chief regulatory officer $CLNE, $WISH, $CLOV, $CLVS, $WKHS being driven by social media crowd all up double digit percentages
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Tellurian, Ocean Power, Fuel Cell Energy, Transenterix, Westwater Resources, Spi Energy
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$KXIN was really nice too. day 2 pop and fade setup, just like $KODK, $SPI, $VVPR, and countless others. Couldn't get in on the first pop above 6s, but was able to get in on the second one, and ride it down. The more you watch, the more you realize that stocks do the same thing over and over.
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$SPI a gif" onerror="this.style.display='none'" class="msg-img"/>ting
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Next Dividend Date
SPI Energy Co., Ltd. (the 'Company') is a global provider of photovoltaic ('PV') solutions for business, residential, government and utility customers and investors. The Company develops solar PV projects that are either sold to third party operators or owned and operated by the Company for selling of electricity to the grid in multiple countries in Asia, North America and Europe. The Company's subsidiary in Australia primarily sells solar PV components to retail customers and solar project developers. The Company has its operating headquarter in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia.
CEO: Roger Ye
HQ: , Suite 2703, 27/F, China Resources Building, 26 Harbour Road, Wan Chai