Leapfrog – Global Markets

A day of realizations on Wall Street. The leading indices closed the week with declines of up to 0.8%. Banks Morgan Wells Fargo and Citibank opened the reporting season and posted weak earnings, which signaled a decline in all bank shares. Last night, incoming President Joe Biden unveiled his US $ 1.9 trillion aid program. The current plan includes $ 400 billion to manage the corona crisis, over $ 1 trillion in direct aid and about $ 400 billion to communities and businesses. Biden is also planning Increase the number of employees of the Ministry of Health to embark on a huge vaccination campaign.The amount of additional stands planned is 100,000.

The dollar is recording sharp rises for the second day in a row against the background of the Bank of Israel’s announcement that it will purchase dollars worth NIS 30 billion to fight the appreciation of the shekel. The dollar rose today to NIS 3.26. This increase increases the investment by 5% within a day.

Key metrics:

S&P 500
-0.72%

closure:3,795.54

opening:3,788.73

Tall:3,788.73

low:3,749.62

cycle:–

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Dow Jones
-0.57%

closure:30,991.52

opening:30,926.77

Tall:30,941.98

low:30,612.67

cycle:–

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NASDAQ
-0.87%

closure:13,112.64

opening:13,099.9

Tall:13,139.83

low:12,949.76

cycle:–

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Shares in title
JP Morgan (NYSE: JPM) – The Bank reported revenue and earnings for the last quarter of 2020 – revenue of $ 30.16 billion and earnings of $ 3.79 per share. Both figures were higher than expected in the market. Profits were higher following the release of money confined during the Corona period.

City (NYSE: C) – The bank’s earnings fell 7% to about $ 2.08 per share, compared to market expectations of 1.34. Revenue fell 10 percent to $ 16.5 billion from an expected $ 6.7 billion.

Wells Fargo (NYSE: WFC) – The bank’s share is falling despite recording higher-than-expected earnings. The bank’s revenues totaled $ 17.9 billion, compared to expectations of $ 18.1 billion. Its interest income amounted to $ 9.28 billion compared to expectations of $ 9.34 billion.

Bionano Genomics (NYSE: BNGO) – The company’s stock is up nearly 10%. We wrote about this stock and the reason for the recent gains.

Israeliness on Wall Street
Politics – The gaming company started trading today on Wall Street. The stock jumps about 15% to a price of $ 31, which gives the company a value of about $ 13 billion. The company announced this morning that it is increasing its share value by 20% in a public offering from $ 22-24 per share to $ 27 per share. This is an issue at a value of $ 11 billion – 20% above the previous pricing.

Solrodge – (NYSE: SEDG) – The stock fell almost 16% this against the background of Tesla’s announcement that it will market the voltage converters to its own solar systems. Which means it’s probably going to stop using Solrodge’s and even compete with it.

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– Teva has launched a generic version of NuvaRing designed to prevent pregnancy, which is based on a combination of hormones. This is a significant product whose sales in the United States last year totaled $ 837 million.

Sargon (NYSE: CRGN) The company’s share flew almost 70%. Forecasts for accelerating the deployment of the 5th generation of cellular infrastructure are likely to lead to a rapid increase in the company’s sales.

VBL (NYSE: VBLT) – The American biotech fund Aspire has signed an equity agreement with VBL in the amount of $ 20 million. The agreement is an undertaking by the Aspire investment fund to invest up to $ 20 million in VBL over the next 30 months.

Foresight
+ 30.29%

Base:278.6

opening:376.1

Tall:422.1

low:363

change:56,408,606

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– (NYSE: FRSX) Another company that has been enjoying a jump in the stock in recent days is Foresight. The company has risen 460% in the last year and today it is adding another 19%. Two days ago the company signed a pilot contract to test its electronic eye to prevent accidents in autonomous machines.

Tuffin (NYSE: TUFN) – Tufin Software Technologies is an information security policy management company that specializes in automating security policy changes on hybrid platforms while improving security and compatibility. The stock soars on Wall Street after updating its fourth-quarter results. Revenue is expected to total $ 30.5 million (beyond the maximum forecast of $ 29 million). The stock more than doubled in price within a month and a half.