Posts From Andrew Wright

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Andrew Wright

Prior to founding tradersasset.com in 2014, Andrew worked as a proprietary trader, then as a market maker. As a market maker, he traded options in over 100 stocks, he then began trading currency pairs in 2013. Andrew still actively trades both, and prides himself on educating and informing traders on the benefits of both Binary Options and Forex.

The Shares of Pfizer Are Up on Encouraging COVID-19 Vaccine Trial Data

  Shares of Pfizer Inc. (NYSE: PFE) have been on an uptrend after the company reported upbeat preliminary results from a trial of a potential COVID-19 candidate, in partnership with BioNTech SE (Nasdaq: BNTX). On Thursday, the stock of Pfizer

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Yen Declines On Worse-Than-Expected May Retail Sales Data

  The Canadian dollar rallied against the yen yesterday following the release of upbeat building permits in May. The yen’s decline was also aided by the worse-than-anticipated May retail sales data published in the Asian session. In the past 24

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Accenture Beats Third Quarter Estimates, Narrows Fiscal Year 2020 View

  Global consulting firm Accenture PLC (NYSE: ACN) reported fiscal 2020 third-quarter earnings and revenues above the Street estimates. However, the reported Q3 earnings were slightly down from the same period last year. The company also narrowed its FY 2020

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Goldman Sachs Downgrades Slack Tech to Sell From Neutral

  The shares of communications software firm Slack Technologies Inc. (NYSE: WORK) was beaten Friday after Heather Bellini, an analyst at Goldman Sachs, downwardly revised the stock to “sell” from “neutral” rating, citing increasing competition from software giant Microsoft (Nasdaq:

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Food Delivery, Just Eat Takeaway, To Buy GrubHub in $7.30 Billion Deal

  European food delivery firm, Just Eat Takeaway.com NV (OTC: TKAYY, Euronext Amsterdam: TKWY-NL) is acquiring the US food delivery company GrubHub Inc (NYSE: GRUB) in an all-stock deal worth $7.30 billion. The agreement has happened after takeover talks between

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Louis Vuitton Arouses Suspicion over $16bn Tiffany takeover

  The CEO of France based Luxury goods company, LVMH Moet Hennessy Louis Vuitton Societe Europeenne (OTC: LVMUY), Bernard Arnault, has stated that his company is looking at ways to recommence discussions on the previously agreed $16.20 billion takeover of

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Social Games Provider, Zynga Inc, Acquires Turkish Mobile Game Developer, Peak, For $1.8 Billion

  Social game services provider Zynga Inc (Nasdaq: ZNGA) is acquiring the Turkish mobile game developer, Peak, in a cash and stock deal worth $1.80 billion. In a separate press release, Zynga upwardly revised its outlook for the current quarter

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Bayer Nearing a Deal on Weed Killer Lawsuits

  The shares of Bayer AG (OTC: BAYZF, XTR: BAYN) have gained almost 6% in the last two trading sessions to close at $60.77, after news reports indicated that pharmaceutical and life sciences company had made considerable progress in resolving

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Department Store Macy’s Issues Gloomy Outlook

  Apparel and accessories chain Macy’s Inc (NYSE: M) stated that it anticipates a 45% decline in the first-quarter sales and the net losses could be more than $1 billion, primarily due to the Covid-19 pandemic. The company also announced

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Canada’s Inflation Turns Negative for the First Time in Eleven Years

  The pound fell against the Canadian dollar yesterday after the release of lower-than-anticipated consumer price index (inflation) data from the UK. The release of worse-than-expected PPI Input/Output data also contributed to the decline. Notably, Canada’s inflation data also missed

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