News

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

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.

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

The stock is trading below its NTA of $7.31. Since our last report on BOQ in May at $4.85 the stock is up 42% as of the last trading session where the stock last traded at $6.91.

After our initiation of report on Argosy In July 2020 at $1.18 the stock is up 22% and now trading at $1.44 mark. On October 13th the stock touched $1.49 peak to retrace back to $1.41 showing the resistance at this level holds.