Pavan Sharma

TLS stock have been on the decline since 13thJuly 2020from its peak of $3.54 to $2.72 on October 23rd. We see that the stock is sitting at the point of inflection.

Earnings season continues, with social media firms are trading higher after Snap reported strong earnings. Netflix slipped -6.5% after subscribers fell short of predictions.

The big news on the NZX was the listing of RUA, the first IPO since Napier Port last year. 

US fiscal stimulus headlines dominate the news board, with no agreement for a relief package as clear differences between both sides still remain.

There was little in terms of fresh news, as US stocks turned lower as investors assessed the latest progress toward a government spending bill.

Global markets were mixed to close the week (S&P 500 Index +0.01%) as reporting season started to ramp up in some of the major markets, while US stimulus talks and Brexit discussions between the UK and EU continued to show little sign of coming to an agre