Libertex signs a strategic partnership with FPM Global family
Libertex is pleased to announce that it is now partnered with Financial Partners Marketing Global (fpm.global) to offer top level services for all its affiliate partners. The agreement, already in effect as of the time of press, will see Libertex affiliates benefit from FPM Global’s expertise in providing bespoke marketing solutions for the finance industry.
The top-tier trading platform for everyone
Libertex is a fast, user-friendly trading platform that enables users to trade on the financial market 24/7 on the web or via smartphone app. The broker offers over 230 financial instruments including stocks, shares currencies, indices, oil and gas, precious metals and more. With over 20 years of financial market and online-trading experience, Libertex has won over 30 international awards, including two accolades for Best Trading Platform from Forex Report and European CEO magazine in 2020.
FPM Global: marketing solutions for finance, forex, crypto
FPM Global is a new affiliate company formed by industry leaders, with a mission to bring the best in affiliate marketing to every kind of financial enterprise. FPM Global’s other partners include StormGain, a trading platform specialized in cryptocurrencies. Libertex, which also supports several cryptocurrencies among other financial assets, is pleased to offer the benefit of FPM Global’s expertise in all sectors of the financial market.
FPM Global and Libertex have confirmed that there will be a ‘seamless takeover’ for existing Libertex affiliates, who have been informed that their existing data, contracts and credentials will remain the same.
Both companies are proud to welcome current and potential affiliates to the FPM Global community. For interested parties, the details about Libertex’s affiliate partnerships can be found here, and information on Financial Marketing Partners Global’s affiliate payment plans here.
Topic: Libertex launches Litecoin and Bitcoin Cash margin trading (Read 1274 times)
Libertex Group awarded ‘Best Trading Platform, 2020’
and ‘Best FX Broker, Europe, 2020’ by Forex Report
Libertex Group is proud to announce that top financial magazine Forex Report has awarded them two of its prestigious prizes for excellence in the finance industry.
Nominated for the outstanding quality of its product and excellent customer service, Libertex provides technological platforms for trading on the financial market 24/7. The award-winning platform is available as a web terminal or smartphone app, and is consistently rated highly by both forex newcomers and veteran traders for its user-friendly interface, fast and responsive trading experience, and attention to security and client satisfaction.
Libertex CMO Marios Chaillis was happy to receive the awards from Forex Report, stating that: “At Libertex we are always striving for excellence in service to our clients and partners. We set out to build the best trading platform in the world and we are proud to be recognized by the experts at Forex Report. ”
About the Forex Report Awards
Forex Report is an industry-leading publication for financial professionals that serves as a hub for everything you need to know about the financial world. Each year, Forex Report’s team, in partnership with World Finance Banking Awards, recognizes the market leaders among brokers, traders, and technological innovators in the financial sector.
The judging panel, which welcomes recommendations from professionals in the market, takes into account product quality, community contribution and customer service to present the Forex Report Awards to nominees who ‘‘have made the FX community a better place to be.’
Proud holder of over 30 industry awards worldwide
Operating since 1997, Libertex Group is no stranger to accolades, and the veteran broker now adds another trophy to a well-stocked cabinet. The dual awards from Forex Report come not long after Libertex accepted the Best Trading Platform in the European CEO Awards 2020. Previously the company was awarded Best Trading App and Best Crypto Broker 2018 at the Forex Awards. After more than twenty years operating in the financial world, Libertex can boast over 30 international awards.
The killer app for all traders
With more than 240 trading instruments available and a design that’s easy to use for new and experienced traders alike, it’s easy to see how the Libertex app continues to receive awards throughout the years. The trusted broker of over 2.2 million happy clients in 120 countries, Libertex pledges to stay at the forefront of the highly competitive financial market.
Libertex also makes its mark in the football world as the Premium Plus Partner of Valencia CF and Getafe CF, top-tier Spanish LaLiga football clubs. Libertex clients have a chance to win VIP tickets to cheer on these elite clubs in both the national and European competitions.
For more information on Libertex, the company’s platform, features or awards, don’t hesitate to reach out to [email protected]
and ‘Best FX Broker, Europe, 2020’ by Forex Report
Libertex Group is proud to announce that top financial magazine Forex Report has awarded them two of its prestigious prizes for excellence in the finance industry.
Nominated for the outstanding quality of its product and excellent customer service, Libertex provides technological platforms for trading on the financial market 24/7. The award-winning platform is available as a web terminal or smartphone app, and is consistently rated highly by both forex newcomers and veteran traders for its user-friendly interface, fast and responsive trading experience, and attention to security and client satisfaction.
Libertex CMO Marios Chaillis was happy to receive the awards from Forex Report, stating that: “At Libertex we are always striving for excellence in service to our clients and partners. We set out to build the best trading platform in the world and we are proud to be recognized by the experts at Forex Report. ”
About the Forex Report Awards
Forex Report is an industry-leading publication for financial professionals that serves as a hub for everything you need to know about the financial world. Each year, Forex Report’s team, in partnership with World Finance Banking Awards, recognizes the market leaders among brokers, traders, and technological innovators in the financial sector.
The judging panel, which welcomes recommendations from professionals in the market, takes into account product quality, community contribution and customer service to present the Forex Report Awards to nominees who ‘‘have made the FX community a better place to be.’
Proud holder of over 30 industry awards worldwide
Operating since 1997, Libertex Group is no stranger to accolades, and the veteran broker now adds another trophy to a well-stocked cabinet. The dual awards from Forex Report come not long after Libertex accepted the Best Trading Platform in the European CEO Awards 2020. Previously the company was awarded Best Trading App and Best Crypto Broker 2018 at the Forex Awards. After more than twenty years operating in the financial world, Libertex can boast over 30 international awards.
The killer app for all traders
With more than 240 trading instruments available and a design that’s easy to use for new and experienced traders alike, it’s easy to see how the Libertex app continues to receive awards throughout the years. The trusted broker of over 2.2 million happy clients in 120 countries, Libertex pledges to stay at the forefront of the highly competitive financial market.
Libertex also makes its mark in the football world as the Premium Plus Partner of Valencia CF and Getafe CF, top-tier Spanish LaLiga football clubs. Libertex clients have a chance to win VIP tickets to cheer on these elite clubs in both the national and European competitions.
For more information on Libertex, the company’s platform, features or awards, don’t hesitate to reach out to [email protected]
Libertex wins Best Trading Platform in the European CEO Awards 2020
Top financial and business news magazine European CEO has chosen Libertex as the Best Trading Platform of 2020, as part of the prestigious publication’s annual awards for innovation in business.
The highly coveted prize, handed to Libertex CMO Marios Chaillis in London, recognizes Libertex as the leading trading platform on the market today.
Nominated for its high quality product and outstanding client service, Libertex has been operating since 1997 and currently offers the most cutting-edge platform for trading on the financial market 24/7. The winning platform is available as a web terminal or smartphone app, and stands out for its user-friendly design, fast and easy trading experience for beginners and veterans alike, and the security of client funds.
https://d.radikal.ru/d24/2002/ee/f6a5f37286c9.jpg
Libertex ‘‘Proud to be recognized as world leader’’
Upon accepting the trophy, Marios Chaillis stated: “We couldn’t be happier to accept this award which acknowledges Libertex as the world leader among the wide range of trading platforms in the market. We are proud to be recognized for our constant effort to deliver the best trading experience to all of our clients, whether they are experienced traders or newcomers, who choose us as their guide to the exciting world of financial markets.”
The European CEO Awards aims to highlight outstanding companies that are pushing the envelope in the business world, and the executives whose hard work and vision make such progress possible. Prizes are awarded according to the following categories: trading, finance, business, consultancy and outsourcing, technology and lifestyle.
Over 30 international awards
With this new award from European CEO, Libertex adds yet another triumph to its ever-growing list of accolades. The company previously cleaned up at the 2018 Forex Awards, scooping both the Best Trading App and Best Crypto Broker prizes. After more than two decades of experience in the financial markets, Libertex’s collection of international awards surpasses 30!
Winners in the market and on the field
With more than 240 trading instruments and over 2.2 million satisfied clients in 120 countries, Libertex is proud to continue to receive acclaim from esteemed international organisations such as European CEO, and most importantly, its customers.
As well as offering top quality guidance to clients in the financial markets, Libertex is also a keen player in the sporting world as the Premium Plus Partner of Valencia CF and Getafe CF, top Spanish LaLiga football clubs, and lucky Libertex clients can enjoy the thrill of VIP accesses to the outstanding performances of these elite clubs in both the national championship and European competitions.
Top financial and business news magazine European CEO has chosen Libertex as the Best Trading Platform of 2020, as part of the prestigious publication’s annual awards for innovation in business.
The highly coveted prize, handed to Libertex CMO Marios Chaillis in London, recognizes Libertex as the leading trading platform on the market today.
Nominated for its high quality product and outstanding client service, Libertex has been operating since 1997 and currently offers the most cutting-edge platform for trading on the financial market 24/7. The winning platform is available as a web terminal or smartphone app, and stands out for its user-friendly design, fast and easy trading experience for beginners and veterans alike, and the security of client funds.
https://d.radikal.ru/d24/2002/ee/f6a5f37286c9.jpg
Libertex ‘‘Proud to be recognized as world leader’’
Upon accepting the trophy, Marios Chaillis stated: “We couldn’t be happier to accept this award which acknowledges Libertex as the world leader among the wide range of trading platforms in the market. We are proud to be recognized for our constant effort to deliver the best trading experience to all of our clients, whether they are experienced traders or newcomers, who choose us as their guide to the exciting world of financial markets.”
The European CEO Awards aims to highlight outstanding companies that are pushing the envelope in the business world, and the executives whose hard work and vision make such progress possible. Prizes are awarded according to the following categories: trading, finance, business, consultancy and outsourcing, technology and lifestyle.
Over 30 international awards
With this new award from European CEO, Libertex adds yet another triumph to its ever-growing list of accolades. The company previously cleaned up at the 2018 Forex Awards, scooping both the Best Trading App and Best Crypto Broker prizes. After more than two decades of experience in the financial markets, Libertex’s collection of international awards surpasses 30!
Winners in the market and on the field
With more than 240 trading instruments and over 2.2 million satisfied clients in 120 countries, Libertex is proud to continue to receive acclaim from esteemed international organisations such as European CEO, and most importantly, its customers.
As well as offering top quality guidance to clients in the financial markets, Libertex is also a keen player in the sporting world as the Premium Plus Partner of Valencia CF and Getafe CF, top Spanish LaLiga football clubs, and lucky Libertex clients can enjoy the thrill of VIP accesses to the outstanding performances of these elite clubs in both the national championship and European competitions.
Forex Club made a strategic partnership with Alfa-Bank
Forex Club, an internationally known leader of the online trading market, signed a mutually beneficial agreement with Alfa-Forex - Russian leader of forex trading which founder is one of the most well-known and respected banks in Russia - Alfa-Bank.
Due to the decision made by the Central Bank of Russian Federation from 27 December, 2018, Forex Club ceased onboarding clients as a broker on the Russian market. However those clients who are interested in proceeding with CFD trading are now encouraged to use MT-5 Alfa-Forex platform which guarantees high reliability and quality of service.
FX CLUB is one of the largest international groups of companies operating in the financial market. Today it consists of multiple entities, brokers, dealers, educational and IT-development centers which allow to operate globally and serve clients from 120 countries.
Founded in 1990, Alfa Banking Group is headquartered in Moscow, Russia. Alfa-Bank is a provider of foreign exchange services to institutional clients with a strategic focus in Russian Ruble and prices available 24/5 at tight spreads. It is regulated by the Central Bank of Russian Federation.
Forex Club, an internationally known leader of the online trading market, signed a mutually beneficial agreement with Alfa-Forex - Russian leader of forex trading which founder is one of the most well-known and respected banks in Russia - Alfa-Bank.
Due to the decision made by the Central Bank of Russian Federation from 27 December, 2018, Forex Club ceased onboarding clients as a broker on the Russian market. However those clients who are interested in proceeding with CFD trading are now encouraged to use MT-5 Alfa-Forex platform which guarantees high reliability and quality of service.
FX CLUB is one of the largest international groups of companies operating in the financial market. Today it consists of multiple entities, brokers, dealers, educational and IT-development centers which allow to operate globally and serve clients from 120 countries.
Founded in 1990, Alfa Banking Group is headquartered in Moscow, Russia. Alfa-Bank is a provider of foreign exchange services to institutional clients with a strategic focus in Russian Ruble and prices available 24/5 at tight spreads. It is regulated by the Central Bank of Russian Federation.
European investors concerned over US and Chinese economic data
Over the short to medium term, European investors will be taking their lead from recent statistics indicating a slowdown in both the Chinese and US economies. The most likely cause of this current situation is the ongoing trade conflict between the two countries.
Perhaps the most significant development has been the sharp drop in China's manufacturing PMI to 52.8 over the month of October. This is a marked deterioration from September, when the index ended the month at 53.7. Nevertheless, it is still above its key psychological threshold of 50. This comes as most analysts are forecasting a slowdown in the country's services PMI to 53.6.
Meanwhile, the latest GDP data from the US tell a very similar story.
Previously, investor optimism had been maintained by the announcement by White House Principal Deputy Press Secretary Hogan Gidley that the US was still on track to sign the first part of the trade agreement with China despite the collapse of the planned meeting between President Donald Trump and PRC President Xi Jinping following the cancellation of the APEC summit in Chile. However, shortly after Gidley's statement, rumours surfaced suggesting that the agreement would not in fact be signed any time in the near future.
Market participants are also hotly anticipating any new Brexit developments. The EU has already agreed to delay the UK's departure for a further three months (until 31 January 2020), a proposition which British Prime Minister Boris Johnson has accepted, albeit reluctantly.
Elsewhere in the news, the FED's latest interest rates decision was largely anticipated and its effect on investor sentiment was thus minimal. The US regulator decided to cut its base rate to 1.5-1.75% from 1.75-2%. Going forward, investors will be waiting for the minutes of this meeting to be released in the hope that they will shed some light on the FED's future monetary policy direction.
Over the short to medium term, European investors will be taking their lead from recent statistics indicating a slowdown in both the Chinese and US economies. The most likely cause of this current situation is the ongoing trade conflict between the two countries.
Perhaps the most significant development has been the sharp drop in China's manufacturing PMI to 52.8 over the month of October. This is a marked deterioration from September, when the index ended the month at 53.7. Nevertheless, it is still above its key psychological threshold of 50. This comes as most analysts are forecasting a slowdown in the country's services PMI to 53.6.
Meanwhile, the latest GDP data from the US tell a very similar story.
Previously, investor optimism had been maintained by the announcement by White House Principal Deputy Press Secretary Hogan Gidley that the US was still on track to sign the first part of the trade agreement with China despite the collapse of the planned meeting between President Donald Trump and PRC President Xi Jinping following the cancellation of the APEC summit in Chile. However, shortly after Gidley's statement, rumours surfaced suggesting that the agreement would not in fact be signed any time in the near future.
Market participants are also hotly anticipating any new Brexit developments. The EU has already agreed to delay the UK's departure for a further three months (until 31 January 2020), a proposition which British Prime Minister Boris Johnson has accepted, albeit reluctantly.
Elsewhere in the news, the FED's latest interest rates decision was largely anticipated and its effect on investor sentiment was thus minimal. The US regulator decided to cut its base rate to 1.5-1.75% from 1.75-2%. Going forward, investors will be waiting for the minutes of this meeting to be released in the hope that they will shed some light on the FED's future monetary policy direction.
European investors to take cue from positive Brexit developments
European investors are expected to remain optimistic over the short to medium term in light of the recent good news regarding the potential outcome of Brexit. Their confidence in the potential to avoid a no deal British departure from the EU has grown amid reports that Northern Ireland's biggest party is finally prepared to make some concessions to the European Union. Although the claims were quickly denied, this was nevertheless interpreted as a signal that there is still some hope of a UK-EU agreement.
Elsewhere, investors are anticipating a positive outcome from the October US-China trade talks, which they believe will finally bring about some sort of deal between the superpowers. And this optimism would appear justified following a fresh relaxation of trade policy from both sides. US President Donald Trump has already announced his willingness to consider a temporary trade agreement with China covering a wide scope of goods.
Trump's comments came after China announced that it was exempting several categories of agricultural products (including soy beans and pork) from the list of US goods subject to tariffs.
The markets received another boost in the form of a sharp uptick in oil prices. Global oil prices were up markedly following a drone attack on infrastructure belonging to KSA oil and gas company Saudi Aramco.
Meanwhile, the ongoing political turmoil in Hong Kong will likely restrain European investors from stronger market activity amid fresh clashes between protesters and their opponents.
European investors are expected to remain optimistic over the short to medium term in light of the recent good news regarding the potential outcome of Brexit. Their confidence in the potential to avoid a no deal British departure from the EU has grown amid reports that Northern Ireland's biggest party is finally prepared to make some concessions to the European Union. Although the claims were quickly denied, this was nevertheless interpreted as a signal that there is still some hope of a UK-EU agreement.
Elsewhere, investors are anticipating a positive outcome from the October US-China trade talks, which they believe will finally bring about some sort of deal between the superpowers. And this optimism would appear justified following a fresh relaxation of trade policy from both sides. US President Donald Trump has already announced his willingness to consider a temporary trade agreement with China covering a wide scope of goods.
Trump's comments came after China announced that it was exempting several categories of agricultural products (including soy beans and pork) from the list of US goods subject to tariffs.
The markets received another boost in the form of a sharp uptick in oil prices. Global oil prices were up markedly following a drone attack on infrastructure belonging to KSA oil and gas company Saudi Aramco.
Meanwhile, the ongoing political turmoil in Hong Kong will likely restrain European investors from stronger market activity amid fresh clashes between protesters and their opponents.
Cannabis stocks up on sale by Aurora Cannabis of its Green Organic Dutchman holding
Shares in Canada's biggest cannabis producers were up this Friday following Aurora Cannabis's (ACB) decision to sell its 10% stake in Green Organic Dutchman. The deal was done for a price of $3.00 per share, i.e. around 15% lower than the stock's closing price. When the Canadian producer made its original investment in Green Organic Dutchman back in January 2018, it paid just $1.65 a share.
Then, it began selling its shares in October 2018 (for between $5.00-6.00), a programme which it has continued until now.
Elsewhere, the sector also received some negative news in the form of reports from US-based analysts, who estimate that the sector has declined 40-50% from its 2019 highs. The great sell-off began in response to delays in the approval of several mergers and acquisitions scheduled for 2019. This comes after the US Justice Department decided to take a much more aggressive stance in its investigation of any potential anti-trust violations. According to our financial scouts, despite analysts' negative market forecasts, Canadian cannabis stocks could still continue their recent rise. With this in mind, they predict share price increases for Canopy Growth (CGC), Aurora Cannabis (ACB) and Tilray (TLRY) to $27.00, $6-6.50 and $33.00 respectively. Meanwhile, they see Cronos (CRON) up to $12-12.50, with Aphria (APHA) also rising to reach the $7-7.50 mark.
Shares in Canada's biggest cannabis producers were up this Friday following Aurora Cannabis's (ACB) decision to sell its 10% stake in Green Organic Dutchman. The deal was done for a price of $3.00 per share, i.e. around 15% lower than the stock's closing price. When the Canadian producer made its original investment in Green Organic Dutchman back in January 2018, it paid just $1.65 a share.
Then, it began selling its shares in October 2018 (for between $5.00-6.00), a programme which it has continued until now.
Elsewhere, the sector also received some negative news in the form of reports from US-based analysts, who estimate that the sector has declined 40-50% from its 2019 highs. The great sell-off began in response to delays in the approval of several mergers and acquisitions scheduled for 2019. This comes after the US Justice Department decided to take a much more aggressive stance in its investigation of any potential anti-trust violations. According to our financial scouts, despite analysts' negative market forecasts, Canadian cannabis stocks could still continue their recent rise. With this in mind, they predict share price increases for Canopy Growth (CGC), Aurora Cannabis (ACB) and Tilray (TLRY) to $27.00, $6-6.50 and $33.00 respectively. Meanwhile, they see Cronos (CRON) up to $12-12.50, with Aphria (APHA) also rising to reach the $7-7.50 mark.
Cannabis stocks trading mixed despite news of Tilray deal
Shares in Canada's major cannabis producers are trading mixed this Friday. Tilray (TLRY) appears to be the worst affected after Thursday's announcement of a CAD 110 million deal to buy head-shop chain Four20, which owns and operates six recreational cannabis stores in Alberta. It is hoped that the acquisition, which will see Tilray buy up all of Four20's issued and outstanding shares, will help the cannabis producer expand its presence within Canada. Tilray will pay CAD 70 million for the shares when the deal eventually goes through at the end of Q1 2020, followed by an additional CAD 40 million "subject to the achievement of certain milestones" by Four20.
Prior to this acquisition, Tilray completed another deal with Authentic Brands Group to supply this latter with CBD for use in products for sale in several major retail chains across the US and Canada.
Despite the positive response to reports of a new deal, the company shares continue to fall and could even drop to the $5.00 mark over the short to medium term. Meanwhile, we could see Canopy Growth (CGC) slide to around $24.00 per unit share, with Cronos Group (CRON) and Aphria (APHA) rising to $11.00 and $7.00 respectively.
Shares in Canada's major cannabis producers are trading mixed this Friday. Tilray (TLRY) appears to be the worst affected after Thursday's announcement of a CAD 110 million deal to buy head-shop chain Four20, which owns and operates six recreational cannabis stores in Alberta. It is hoped that the acquisition, which will see Tilray buy up all of Four20's issued and outstanding shares, will help the cannabis producer expand its presence within Canada. Tilray will pay CAD 70 million for the shares when the deal eventually goes through at the end of Q1 2020, followed by an additional CAD 40 million "subject to the achievement of certain milestones" by Four20.
Prior to this acquisition, Tilray completed another deal with Authentic Brands Group to supply this latter with CBD for use in products for sale in several major retail chains across the US and Canada.
Despite the positive response to reports of a new deal, the company shares continue to fall and could even drop to the $5.00 mark over the short to medium term. Meanwhile, we could see Canopy Growth (CGC) slide to around $24.00 per unit share, with Cronos Group (CRON) and Aphria (APHA) rising to $11.00 and $7.00 respectively.
Canadian cannabis stocks were trading mixed this Tuesday following three consecutive days of losses.
This comes as sector leader Canopy Growth Corp (CGC) is enjoying a period of renewed growth following an upgrade of its shares to neutral by Seaport Global's Brett Handley, with the industry authority commenting that the company's stock looks like a good investment after a series of quick sell-offs over the summer months.
In early July this year, we saw Canopy Growth's shares dumped by investors following the sacking of then CEO Bruce Linton on the initiative of the company's majority shareholder, Corona Constellation Brands Inc. The beverage giant had invested $4 billion in Canopy, but was disappointed by the Canadian company's financials. Constellation has stated that it expects to post a $54.3 million loss in its Q2 report related to its stake in the Canadian cannabis producer.
There was more positive news for the sector as Namaste Technologies announced that it had promoted Meni Morim from acting to permanent CEO of the company, also adding him to its board of directors.
According to our financial scouts, the Canadian cannabis market is likely to continue trading mixed over the short to medium term. As such, they predict Canopy Growth will rise to $25.50, with Aurora Cannabis (ACB) climbing to $6.50. Meanwhile, they see Tilray (TLRY), Aphria (APHA) and Cronos (CRON) all down to $28.00, $6.00 and $11.00 respectively.
This comes as sector leader Canopy Growth Corp (CGC) is enjoying a period of renewed growth following an upgrade of its shares to neutral by Seaport Global's Brett Handley, with the industry authority commenting that the company's stock looks like a good investment after a series of quick sell-offs over the summer months.
In early July this year, we saw Canopy Growth's shares dumped by investors following the sacking of then CEO Bruce Linton on the initiative of the company's majority shareholder, Corona Constellation Brands Inc. The beverage giant had invested $4 billion in Canopy, but was disappointed by the Canadian company's financials. Constellation has stated that it expects to post a $54.3 million loss in its Q2 report related to its stake in the Canadian cannabis producer.
There was more positive news for the sector as Namaste Technologies announced that it had promoted Meni Morim from acting to permanent CEO of the company, also adding him to its board of directors.
According to our financial scouts, the Canadian cannabis market is likely to continue trading mixed over the short to medium term. As such, they predict Canopy Growth will rise to $25.50, with Aurora Cannabis (ACB) climbing to $6.50. Meanwhile, they see Tilray (TLRY), Aphria (APHA) and Cronos (CRON) all down to $28.00, $6.00 and $11.00 respectively.
Cannabis stocks fall after recent growth on Tilray news
Shares in Canada's biggest cannabis producers were down significantly on Friday. This comes after a period of growth following Tilray's (TLRY) announcement that it had put pen to paper on its first contract to supply cannabis to the European market.
Under the terms of the deal, the company will begin supplying $3.3 million worth of products to the German distributor Cannamedical Pharma from autumn of this year.
Expansion into Europe forms an integral part of the Canadian producer's strategy to increase profits. Back in March, Tilray's management was already talking about shifting its focus towards the US and European markets in a bid to unlock greater growth prospects than the Canadian market could ever offer.
Following this news, Tilray's shares responded by jumping 10% before correcting sharply downwards.
Elsewhere in the market, shares in Canopy Growth (CGC) are still falling relatively rapidly in response to last week's dismal Q1 report, which revealed losses for the company of several billion dollars.
We can expect this current negative outlook to endure over short to medium term as Canadian cannabis stocks continue to correct downwards. With this in mind, we predict share price drops for Tilray, Canopy Growth and Cronos (CRON) to $28-28.50, $25.00 and $11.00 respectively. Meanwhile, we see Aurora Cannabis (ACB) down to $5.00, with Aphria (APHA) also sliding to $6.00.
Shares in Canada's biggest cannabis producers were down significantly on Friday. This comes after a period of growth following Tilray's (TLRY) announcement that it had put pen to paper on its first contract to supply cannabis to the European market.
Under the terms of the deal, the company will begin supplying $3.3 million worth of products to the German distributor Cannamedical Pharma from autumn of this year.
Expansion into Europe forms an integral part of the Canadian producer's strategy to increase profits. Back in March, Tilray's management was already talking about shifting its focus towards the US and European markets in a bid to unlock greater growth prospects than the Canadian market could ever offer.
Following this news, Tilray's shares responded by jumping 10% before correcting sharply downwards.
Elsewhere in the market, shares in Canopy Growth (CGC) are still falling relatively rapidly in response to last week's dismal Q1 report, which revealed losses for the company of several billion dollars.
We can expect this current negative outlook to endure over short to medium term as Canadian cannabis stocks continue to correct downwards. With this in mind, we predict share price drops for Tilray, Canopy Growth and Cronos (CRON) to $28-28.50, $25.00 and $11.00 respectively. Meanwhile, we see Aurora Cannabis (ACB) down to $5.00, with Aphria (APHA) also sliding to $6.00.
Cannabis stocks trading mixed on contradictory news
Canadian cannabis stocks are trading mixed this Wednesday in a trend that has persisted since the beginning of the week when CannTrust's share price lost a further 5% following another scandal, this time involving one of its Ontario stores. This comes after the Canadian authorities announced that a probe of CannTrust's operations had revealed that the company was cultivating cannabis in unlicensed rooms at its Pelham, Ontario site. In an effort to draw a line under this scandal, the company dismissed two members of its executive management team who, it is alleged, were aware of the violation but failed to take action to halt the unlicensed production activities.
Now the company is looking at a variety of potential solutions to the challenges it is facing including selling the business outright.
In other news, some cannabis stocks received a boost in the form of reports that US company MedMen has become a major supplier of cannabis to the Californian market, boasting 17 retail locations in the state.
Elsewhere, shares in Aurora Cannabis (ACB) fell after the company announced it had completed its $47.7 million acquisition of Hempco Food and Fibre Inc. Following the deal, Hempco will become part of the Canadian giant's Aurora Hemp arm whose focus will be the production of hemp-derived products.
Our financial scouts believe that, as long as the news atmosphere remains contradictory, the cannabis market will continue to trade mixed. As such, they see shares in Canopy Growth (CG) up to $28.00, with Aurora Cannabis and Aphria (APHA) also rising to $6.50 and $7.00 respectively. Meanwhile, they predict potential share price drops for Tilray (TLRY) and Cronos (CRON) to $28.50 and $11.50 respectively.
Canadian cannabis stocks are trading mixed this Wednesday in a trend that has persisted since the beginning of the week when CannTrust's share price lost a further 5% following another scandal, this time involving one of its Ontario stores. This comes after the Canadian authorities announced that a probe of CannTrust's operations had revealed that the company was cultivating cannabis in unlicensed rooms at its Pelham, Ontario site. In an effort to draw a line under this scandal, the company dismissed two members of its executive management team who, it is alleged, were aware of the violation but failed to take action to halt the unlicensed production activities.
Now the company is looking at a variety of potential solutions to the challenges it is facing including selling the business outright.
In other news, some cannabis stocks received a boost in the form of reports that US company MedMen has become a major supplier of cannabis to the Californian market, boasting 17 retail locations in the state.
Elsewhere, shares in Aurora Cannabis (ACB) fell after the company announced it had completed its $47.7 million acquisition of Hempco Food and Fibre Inc. Following the deal, Hempco will become part of the Canadian giant's Aurora Hemp arm whose focus will be the production of hemp-derived products.
Our financial scouts believe that, as long as the news atmosphere remains contradictory, the cannabis market will continue to trade mixed. As such, they see shares in Canopy Growth (CG) up to $28.00, with Aurora Cannabis and Aphria (APHA) also rising to $6.50 and $7.00 respectively. Meanwhile, they predict potential share price drops for Tilray (TLRY) and Cronos (CRON) to $28.50 and $11.50 respectively.
Cannabis stocks trading mixed on contradictory news
Canadian cannabis stocks are trading mixed this Wednesday in a trend that has persisted since the beginning of the week when CannTrust's share price lost a further 5% following another scandal, this time involving one of its Ontario stores. This comes after the Canadian authorities announced that a probe of CannTrust's operations had revealed that the company was cultivating cannabis in unlicensed rooms at its Pelham, Ontario site. In an effort to draw a line under this scandal, the company dismissed two members of its executive management team who, it is alleged, were aware of the violation but failed to take action to halt the unlicensed production activities.
Now the company is looking at a variety of potential solutions to the challenges it is facing including selling the business outright.
In other news, some cannabis stocks received a boost in the form of reports that US company MedMen has become a major supplier of cannabis to the Californian market, boasting 17 retail locations in the state.
Elsewhere, shares in Aurora Cannabis (ACB) fell after the company announced it had completed its $47.7 million acquisition of Hempco Food and Fibre Inc. Following the deal, Hempco will become part of the Canadian giant's Aurora Hemp arm whose focus will be the production of hemp-derived products.
Our financial scouts believe that, as long as the news atmosphere remains contradictory, the cannabis market will continue to trade mixed. As such, they see shares in Canopy Growth (CG) up to $28.00, with Aurora Cannabis and Aphria (APHA) also rising to $6.50 and $7.00 respectively. Meanwhile, they predict potential share price drops for Tilray (TLRY) and Cronos (CRON) to $28.50 and $11.50 respectively.
Canadian cannabis stocks are trading mixed this Wednesday in a trend that has persisted since the beginning of the week when CannTrust's share price lost a further 5% following another scandal, this time involving one of its Ontario stores. This comes after the Canadian authorities announced that a probe of CannTrust's operations had revealed that the company was cultivating cannabis in unlicensed rooms at its Pelham, Ontario site. In an effort to draw a line under this scandal, the company dismissed two members of its executive management team who, it is alleged, were aware of the violation but failed to take action to halt the unlicensed production activities.
Now the company is looking at a variety of potential solutions to the challenges it is facing including selling the business outright.
In other news, some cannabis stocks received a boost in the form of reports that US company MedMen has become a major supplier of cannabis to the Californian market, boasting 17 retail locations in the state.
Elsewhere, shares in Aurora Cannabis (ACB) fell after the company announced it had completed its $47.7 million acquisition of Hempco Food and Fibre Inc. Following the deal, Hempco will become part of the Canadian giant's Aurora Hemp arm whose focus will be the production of hemp-derived products.
Our financial scouts believe that, as long as the news atmosphere remains contradictory, the cannabis market will continue to trade mixed. As such, they see shares in Canopy Growth (CG) up to $28.00, with Aurora Cannabis and Aphria (APHA) also rising to $6.50 and $7.00 respectively. Meanwhile, they predict potential share price drops for Tilray (TLRY) and Cronos (CRON) to $28.50 and $11.50 respectively.
Cannabis stocks up on positive reporting
Shares in Canada's biggest cannabis producers are for the most part rising strongly following the publication of a sizable batch of quarterly reports by some of the sector's biggest names.
Last week, for instance, Innovative Industrial Properties posted positive Q2 results showing profit up 76.4% to $0.30 per share.
Cronos Group (CRON) is another company that has already released its quarterly results, exceeding analysts' predictions with sales revenue of CAD 10.2 million. This impressive sales growth has helped to increase investor confidence in Cronos which, in turn, has generated a share price increase for the company.
On 1 August we saw Aphria (APHA) announce spectacular Q4 results on 1 August. Meanwhile, another key player in the market, Canopy Growth (CGC), is planning to publish its Q1 2020 financial results at close of trade on 14 August.
However, this wave of positive news was somewhat dampened by news that KPMG was withdrawing its audit report of the company's 2018 results.
Nevertheless, our financial scouts believe that if the sector's biggest names can sustain this trend of positive reporting, cannabis stocks should continue their current growth over the short to medium term. With this in mind, they see Canopy Growth's share price up to $35.00, with Tilray rising to $47.00. Meanwhile, they predict Cronos, Aphria and Aurora Cannabis (ACB) will increase to reach $14-14.50, $7.50 and $7.50-8.00 respectively.
Shares in Canada's biggest cannabis producers are for the most part rising strongly following the publication of a sizable batch of quarterly reports by some of the sector's biggest names.
Last week, for instance, Innovative Industrial Properties posted positive Q2 results showing profit up 76.4% to $0.30 per share.
Cronos Group (CRON) is another company that has already released its quarterly results, exceeding analysts' predictions with sales revenue of CAD 10.2 million. This impressive sales growth has helped to increase investor confidence in Cronos which, in turn, has generated a share price increase for the company.
On 1 August we saw Aphria (APHA) announce spectacular Q4 results on 1 August. Meanwhile, another key player in the market, Canopy Growth (CGC), is planning to publish its Q1 2020 financial results at close of trade on 14 August.
However, this wave of positive news was somewhat dampened by news that KPMG was withdrawing its audit report of the company's 2018 results.
Nevertheless, our financial scouts believe that if the sector's biggest names can sustain this trend of positive reporting, cannabis stocks should continue their current growth over the short to medium term. With this in mind, they see Canopy Growth's share price up to $35.00, with Tilray rising to $47.00. Meanwhile, they predict Cronos, Aphria and Aurora Cannabis (ACB) will increase to reach $14-14.50, $7.50 and $7.50-8.00 respectively.
Libertex: outstanding new partner for Getafe CF
Libertex, the best trading application of 2018, is Getafe Club de Fútbol’s latest great signing. The online broker and the Madrid team have signed a sponsorship agreement that will show the Libertex brand on the blue team’s uniform, both in domestic competitions - LaLiga and Copa del Rey - and in the UEFA Europa League, a tournament that Getafe CF will be entering after achieving an admirable fifth place last season.
As an exclusive partner, the agreement will also include branding on the static and dynamic advertisements of the Coliseum Alfonso Pérez Stadium and the training grounds, along with presence in social networks, on the club’s website and during special events.
The alliance will also mean the expansion of the Libertex brand in Spanish and European markets, but also in Latin America and Southeast Asia, as it comes from one of the fittest squads in the best league in the world, who have a significant global impact.
Libertex customers and Getafe CF members can benefit from numerous promotions such as regular and VIP tickets, special promotions, meet and greet with players, exclusive offers and other opportunities to enjoy a unique experience.
Michael Geiger, CEO of Libertex, stated: “Getafe completed an outstanding season, proving they can reach ambitious goals. They’re a young yet aggressive club with purpose, always oriented towards growth, and those are values that Libertex also share. We strongly believe that our new partnership will allow us to connect in a more intense and effective way with a larger community of online traders all over the world. We all hope for a great season and are confident that Getafe will be a perfect partner.”
The General Manager of Libertex, Andrey Nikolaev, said: “Thanks to this deal, our clients will experience the emotion of LaLiga and UEFA Europa League in person. We are sure that a number of offers that we’ll present throughout the whole season will meet all of their expectations, we invite everyone to join us in this unique adventure.”
Ángel Torres, president of Getafe CF, had this to say: “We are very glad to welcome a brand like Libertex to the azulona family; from this moment, they are part of the family and we hope that this path that we begin will be most satisfactory for both entities.”
Libertex, the best trading application of 2018, is Getafe Club de Fútbol’s latest great signing. The online broker and the Madrid team have signed a sponsorship agreement that will show the Libertex brand on the blue team’s uniform, both in domestic competitions - LaLiga and Copa del Rey - and in the UEFA Europa League, a tournament that Getafe CF will be entering after achieving an admirable fifth place last season.
As an exclusive partner, the agreement will also include branding on the static and dynamic advertisements of the Coliseum Alfonso Pérez Stadium and the training grounds, along with presence in social networks, on the club’s website and during special events.
The alliance will also mean the expansion of the Libertex brand in Spanish and European markets, but also in Latin America and Southeast Asia, as it comes from one of the fittest squads in the best league in the world, who have a significant global impact.
Libertex customers and Getafe CF members can benefit from numerous promotions such as regular and VIP tickets, special promotions, meet and greet with players, exclusive offers and other opportunities to enjoy a unique experience.
Michael Geiger, CEO of Libertex, stated: “Getafe completed an outstanding season, proving they can reach ambitious goals. They’re a young yet aggressive club with purpose, always oriented towards growth, and those are values that Libertex also share. We strongly believe that our new partnership will allow us to connect in a more intense and effective way with a larger community of online traders all over the world. We all hope for a great season and are confident that Getafe will be a perfect partner.”
The General Manager of Libertex, Andrey Nikolaev, said: “Thanks to this deal, our clients will experience the emotion of LaLiga and UEFA Europa League in person. We are sure that a number of offers that we’ll present throughout the whole season will meet all of their expectations, we invite everyone to join us in this unique adventure.”
Ángel Torres, president of Getafe CF, had this to say: “We are very glad to welcome a brand like Libertex to the azulona family; from this moment, they are part of the family and we hope that this path that we begin will be most satisfactory for both entities.”
Libertex, new Premium Plus Partner of Valencia CF
The trading sector multinational becomes the club's new sponsor until 2021
Valencia CF has reached an agreement with Libertex, a multinational financial scout in the trading sector and considered as the Best Trading Application of 2018, by which the financial company becomes the new Premium Plus Partner of Valencia CF until June 30, 2021.
The Libertex logo will now be visible on the back of both the game and training kits, as well as be present on advertising in the Mestalla stadium, the training grounds of Paterna, institutional events and in the digital media of the club: official app, www.valenciacf.com and social networks.
This way, Valencia CF becomes the best ally for Libertex in its objective of increasing its notoriety, both in Spain and internationally, with a special emphasis on the Latin American and Southeast Asian markets, in order to achieve an impact that reaches hundreds of millions of people when competing in the most prestigious competitions.
With this agreement, Libertex customers and Valencia CF fans will be able to benefit from promotions, exclusive offers, participate in meetings with players and many more opportunities to have a unique experience, both in their activity with Libertex and with Valencia CF.
President Anil Murthy is “very satisfied with the agreement reached with Libertex, another multinational company that joins Valencia CF to continue growing both locally and globally. Libertex is an example of a serious and solvent company in a very competitive market that wants to increase their position as a reference in its sector, the same way as Valencia CF has also looked for it throughout its history.”
Michael Geiger, CEO of Libertex, acknowledges that “Valencia CF is a top-level club internationally, with a long and successful history, with whom we share a common feeling in terms of emotions, passion and success stories. Valencia CF is the perfect partner to deliver our brand, our message and our services to potential customers to continue growing in the market. We believe it will be a great and ambitious season for both of us and we will support each other. ”
For his part, the General Manager of Libertex, Andrey Nikolaev, recognizes that “this partnership will allow us to offer benefits to our customers. Just by being a client, you will have the opportunity to live first-hand experiences with a historical club of LaLiga, the best league in the world.”
With more than 30 international awards, the most recent ones being the Best Cryptocurrency Broker and Best Trading Application of 2018 at the prestigious Forex Awards, the company created in 1997 has a portfolio of 2.2 million customers distributed in 110 countries, offering its users more than 240 trading assets with which to operate.
Libertex is considered one of the best web and mobile platforms to make secure purchases of various financial assets (stocks, currencies, indices and commodities). It offers its users an intuitive, simple and clear platform for both experts and beginners in the trading sector, providing training and creating didactic actions aimed at fans.
The trading sector multinational becomes the club's new sponsor until 2021
Valencia CF has reached an agreement with Libertex, a multinational financial scout in the trading sector and considered as the Best Trading Application of 2018, by which the financial company becomes the new Premium Plus Partner of Valencia CF until June 30, 2021.
The Libertex logo will now be visible on the back of both the game and training kits, as well as be present on advertising in the Mestalla stadium, the training grounds of Paterna, institutional events and in the digital media of the club: official app, www.valenciacf.com and social networks.
This way, Valencia CF becomes the best ally for Libertex in its objective of increasing its notoriety, both in Spain and internationally, with a special emphasis on the Latin American and Southeast Asian markets, in order to achieve an impact that reaches hundreds of millions of people when competing in the most prestigious competitions.
With this agreement, Libertex customers and Valencia CF fans will be able to benefit from promotions, exclusive offers, participate in meetings with players and many more opportunities to have a unique experience, both in their activity with Libertex and with Valencia CF.
President Anil Murthy is “very satisfied with the agreement reached with Libertex, another multinational company that joins Valencia CF to continue growing both locally and globally. Libertex is an example of a serious and solvent company in a very competitive market that wants to increase their position as a reference in its sector, the same way as Valencia CF has also looked for it throughout its history.”
Michael Geiger, CEO of Libertex, acknowledges that “Valencia CF is a top-level club internationally, with a long and successful history, with whom we share a common feeling in terms of emotions, passion and success stories. Valencia CF is the perfect partner to deliver our brand, our message and our services to potential customers to continue growing in the market. We believe it will be a great and ambitious season for both of us and we will support each other. ”
For his part, the General Manager of Libertex, Andrey Nikolaev, recognizes that “this partnership will allow us to offer benefits to our customers. Just by being a client, you will have the opportunity to live first-hand experiences with a historical club of LaLiga, the best league in the world.”
With more than 30 international awards, the most recent ones being the Best Cryptocurrency Broker and Best Trading Application of 2018 at the prestigious Forex Awards, the company created in 1997 has a portfolio of 2.2 million customers distributed in 110 countries, offering its users more than 240 trading assets with which to operate.
Libertex is considered one of the best web and mobile platforms to make secure purchases of various financial assets (stocks, currencies, indices and commodities). It offers its users an intuitive, simple and clear platform for both experts and beginners in the trading sector, providing training and creating didactic actions aimed at fans.
Cannabis stocks up as Aurora Cannabis receives new licenses
Shares in major cannabis producers are largely up this Wednesday on news that market leader Aurora Cannabis (ACB) has been granted licenses for two new outdoor cultivation sites.
This comes after a period of decline for the sector following a disappointing quarterly report from Organigram. At a time when all the experts were predicting a 3 cent per share rise, the company posted a 7 cent per share loss and a net pre-tax income increase of 628% to CAD 24.75.
Nevertheless, Organigram's executive management is convinced that it will be able to improve its financials some time during the latter part of the year. Finally, we end our coverage of Organigram with information that the company is planning to add another 100 employees to its already 700-strong workforce.
In other news, Aurora Cannabis's share price rose following the announcement that it had been granted licenses by Health Canada for two new open-air cultivation facilities in Quebec and British Columbia. The company has stated that the new sites will be used for cultivation research to develop new technology, genetics and intellectual property for outdoor production. Aurora Cannabis went on to clarify that it deliberately selected open-air sites since this would enable it to research methods of cultivation for different climactic conditions.
According to our financial scouts, cannabis stocks should continue to rise for as long as this latest wave of positive market sentiment lasts. With this in mind, they see share price increases for all the major producers, with Canopy Growth (CGC) rising to $36.00 and Aurora Cannabis up to $8.00. Meanwhile, they predict that shares in Tilray (TLRY), Aphria (APHA) and Cronos (CRON) could jump to $45.00, $6.50 and $15.00 respectively.
Shares in major cannabis producers are largely up this Wednesday on news that market leader Aurora Cannabis (ACB) has been granted licenses for two new outdoor cultivation sites.
This comes after a period of decline for the sector following a disappointing quarterly report from Organigram. At a time when all the experts were predicting a 3 cent per share rise, the company posted a 7 cent per share loss and a net pre-tax income increase of 628% to CAD 24.75.
Nevertheless, Organigram's executive management is convinced that it will be able to improve its financials some time during the latter part of the year. Finally, we end our coverage of Organigram with information that the company is planning to add another 100 employees to its already 700-strong workforce.
In other news, Aurora Cannabis's share price rose following the announcement that it had been granted licenses by Health Canada for two new open-air cultivation facilities in Quebec and British Columbia. The company has stated that the new sites will be used for cultivation research to develop new technology, genetics and intellectual property for outdoor production. Aurora Cannabis went on to clarify that it deliberately selected open-air sites since this would enable it to research methods of cultivation for different climactic conditions.
According to our financial scouts, cannabis stocks should continue to rise for as long as this latest wave of positive market sentiment lasts. With this in mind, they see share price increases for all the major producers, with Canopy Growth (CGC) rising to $36.00 and Aurora Cannabis up to $8.00. Meanwhile, they predict that shares in Tilray (TLRY), Aphria (APHA) and Cronos (CRON) could jump to $45.00, $6.50 and $15.00 respectively.
Canadian cannabis stocks are set to rise
Canadian cannabis stocks are set to rise on positive news from Aleafia Health Inc. that it is about to finish paying off convertible bonds in the amount of $25 million.
This comes after shares in Canopy Growth (CGC) saw significant growth following reports that the company had come to an agreement to acquire Acreage Holdings Inc. Under the terms of the deal, Canopy will be able to take control of the company as soon as US federal laws on cannabis are relaxed. Acreage will continue to operate independently but will have access to Canopy's intellectual property, branding, product recipes and patents.
Nevertheless, there were also some negative developments for the market, with Governor of New Hampshire Chris Sununu vetoing a bill that would open up governmental medical cannabis to commercial enterprises. This bit of news came as a serious setback to entrepreneurs who were hoping to set up businesses were the bill to have been passed.
Our financial scouts believe that the Canadian cannabis market is likely to rebound from this recent positive corporate news wave. With this in mind, they see share price rises for all of the major producers in this sector, with Canopy Growth, Aurora Cannabis (ACB) and Tilray (TLRY) tipped to rise to $42-43, $8-8.5 and $47 respectively. Elsewhere, they predict Aphria (APHA) will rise to
Canadian cannabis stocks are set to rise on positive news from Aleafia Health Inc. that it is about to finish paying off convertible bonds in the amount of $25 million.
This comes after shares in Canopy Growth (CGC) saw significant growth following reports that the company had come to an agreement to acquire Acreage Holdings Inc. Under the terms of the deal, Canopy will be able to take control of the company as soon as US federal laws on cannabis are relaxed. Acreage will continue to operate independently but will have access to Canopy's intellectual property, branding, product recipes and patents.
Nevertheless, there were also some negative developments for the market, with Governor of New Hampshire Chris Sununu vetoing a bill that would open up governmental medical cannabis to commercial enterprises. This bit of news came as a serious setback to entrepreneurs who were hoping to set up businesses were the bill to have been passed.
Our financial scouts believe that the Canadian cannabis market is likely to rebound from this recent positive corporate news wave. With this in mind, they see share price rises for all of the major producers in this sector, with Canopy Growth, Aurora Cannabis (ACB) and Tilray (TLRY) tipped to rise to $42-43, $8-8.5 and $47 respectively. Elsewhere, they predict Aphria (APHA) will rise to
Where to buy and sell Slack shares? The new instrument is now available in Libertex
Libertex just expanded its trading portfolio launching CFD (contracts for difference) for shares of Slack Inc. (WORK). This provides Libertex users with new trading opportunities.
Traders are not only able to use Slack as one of the most popular messengers worldwide, but they trade CFD on its shares too! Slack is an attractive instrument for both short term traders and long-term investors.
Slack made a direct listing at June 20th. Slack became the third “unicorn” company, after Lyft and Pinterest, that started offering its shares in the past months. All three companies are available at Libertex.
Trade Slack now with Libertex!
About Libertex:
Libertex is an international brand with a twenty year history in the financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 200 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and the Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018, Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards...
Libertex just expanded its trading portfolio launching CFD (contracts for difference) for shares of Slack Inc. (WORK). This provides Libertex users with new trading opportunities.
Traders are not only able to use Slack as one of the most popular messengers worldwide, but they trade CFD on its shares too! Slack is an attractive instrument for both short term traders and long-term investors.
Slack made a direct listing at June 20th. Slack became the third “unicorn” company, after Lyft and Pinterest, that started offering its shares in the past months. All three companies are available at Libertex.
Trade Slack now with Libertex!
About Libertex:
Libertex is an international brand with a twenty year history in the financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 200 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and the Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018, Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards...
European investors await Fed rate decision
The upcoming two-day meeting of the US Federal Reserve is at the forefront of European investors’ minds this week amid strong expectation that the regulator will keep rates at their current level of 2.25-2.5%. Investors are also keen to hear the Fed’s rate forecast, with many predicting a majority of the bank’s board will argue in favour of a July reduction in light of the deteriorating world economy. Elsewhere, European markets are still weighing up the prospects of a no deal Brexit as the UK’s internal political turmoil continues. Former Foreign Minister and bookies’ favourite for PM Boris Johnson has stated that the UK will not pay the country’s 39 billion Brexit bill until the EU agrees to a deal that is acceptable to Britain. This comes after current PM Theresa May officially stepped down as leader of the Conservative Party. She has pledged to stay on as the country’s Prime Minister until her successor has been chosen. The name of the new head of government is expected to be made public at some point during the second half of July. In regional news, one positive development for European markets was the announcement from international ratings agency Fitch that it has affirmed France's Long-Term Foreign-Currency Issuer Default Rating (IDR) at “AA” with stable outlook. According to the agency, the country’s rating is supported by its big, strong and diversified economy, its robust, effective civil and social institutions, as well as its record of macroeconomic stability.
Andrey Voytkiv, Financial Scout at Libertex
The upcoming two-day meeting of the US Federal Reserve is at the forefront of European investors’ minds this week amid strong expectation that the regulator will keep rates at their current level of 2.25-2.5%. Investors are also keen to hear the Fed’s rate forecast, with many predicting a majority of the bank’s board will argue in favour of a July reduction in light of the deteriorating world economy. Elsewhere, European markets are still weighing up the prospects of a no deal Brexit as the UK’s internal political turmoil continues. Former Foreign Minister and bookies’ favourite for PM Boris Johnson has stated that the UK will not pay the country’s 39 billion Brexit bill until the EU agrees to a deal that is acceptable to Britain. This comes after current PM Theresa May officially stepped down as leader of the Conservative Party. She has pledged to stay on as the country’s Prime Minister until her successor has been chosen. The name of the new head of government is expected to be made public at some point during the second half of July. In regional news, one positive development for European markets was the announcement from international ratings agency Fitch that it has affirmed France's Long-Term Foreign-Currency Issuer Default Rating (IDR) at “AA” with stable outlook. According to the agency, the country’s rating is supported by its big, strong and diversified economy, its robust, effective civil and social institutions, as well as its record of macroeconomic stability.
Andrey Voytkiv, Financial Scout at Libertex
Hexo’s worse-than-expected Q3 report pushes down cannabis stocks
Canadian cannabis stocks were down significantly on Friday after Hexo announced lower Q3 sales compared to last quarter.
According to the company’s own data, its gross cannabis sales totaled approximately $12 million, which represents a decline compared with Q2. This news was not well received by investors and it only served to intensify their concerns over the industry’s future prospects.
In light of this development, many are now doubtful of Hexo’s ability to reach their planned sales growth target of $400 million by 2020. Following its poor quarterly report, Hexo’s share price fell by 8%, driving down shares in other companies in the sector (with an average fall of 4-5%).
Our financial scouts’ short-term prediction is that the market will continue to reel from Hexo’s weak report, which means a further decline in Canadian cannabis stocks is on the cards.
With this in mind, they predict that shares in Canopy Growth (CGC) could fall to $41, with Aurora Cannabis (ACB) potentially sliding to $7. Meanwhile, they see Aphria (APHA), Tilray (TLRY) and Cronos (CRON) down to $6, $40 and $16 respectively.
Mitt Lemaev, financial scout at Libertex.
Canadian cannabis stocks were down significantly on Friday after Hexo announced lower Q3 sales compared to last quarter.
According to the company’s own data, its gross cannabis sales totaled approximately $12 million, which represents a decline compared with Q2. This news was not well received by investors and it only served to intensify their concerns over the industry’s future prospects.
In light of this development, many are now doubtful of Hexo’s ability to reach their planned sales growth target of $400 million by 2020. Following its poor quarterly report, Hexo’s share price fell by 8%, driving down shares in other companies in the sector (with an average fall of 4-5%).
Our financial scouts’ short-term prediction is that the market will continue to reel from Hexo’s weak report, which means a further decline in Canadian cannabis stocks is on the cards.
With this in mind, they predict that shares in Canopy Growth (CGC) could fall to $41, with Aurora Cannabis (ACB) potentially sliding to $7. Meanwhile, they see Aphria (APHA), Tilray (TLRY) and Cronos (CRON) down to $6, $40 and $16 respectively.
Mitt Lemaev, financial scout at Libertex.
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