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Berkshire Hathaway stock priceBerkshire Hathaway stock has been moving to higher grounds as expected and mentioned in my last stock technical analysis update. As expected the strong demand imbalance created at $175 per share has played out very nicely. Berkshire Hathaway stock price has been moving much higher managing to break all-time high again. Warren Buffet and most of his clients must be very happy people again. As explained in a previous forecast for Berkshire Hathaway, we expected the stock to rally strongly from $176 per share and so it did. The all-time high has been broken and created another strong imbalance around $209 per share. Will Berkshire Hathaway stock price drop down there? We will see. Given the bullish strength of all US indexes, It might continue to rally much higher creating new imbalances.
NYSE:BRK.BLong
by AlfonsoMoreno
Nuvve To Become Publicly Listed Company through NABC "Spac"1. Nuvve To Become Publicly Listed Company to Accelerate Worldwide Commercialization of Its Vehicle-to-Grid (V2G) Technology -------------------------------------------------------------------------------------------- Nuvve transforms electric vehicles into reliable, dispatchable and monetizable assets, which lowers the cost of electric vehicle (EV) ownership while supporting the integration of renewable energy for a scalable and sustainable green society. -- Company projects revenue growth to outpace the EV charging industry. -- Institutional investors commit to invest approximately $18 million in aggregate via a PIPE and bridge financing. TRANSACTION DETAIL: -Newborn is combining with Nuvve at a transaction value of approximately $102 million, subject to closing adjustments. - 10.17 million shares will be issued or reserved for issuance to existing Nuvve stockholders and option holders, based on a value of $10.00 per share. - Newborn has signed definitive agreements for the sale of approximately $14 million in equity to institutional investors in a PIPE. The PIPE investors will acquire Nuvve Holding shares at $10.00 per share. - For each share bought, the PIPE investors will receive 1.9 warrants; each whole warrant is exercisable for ½ of a Nuvve Holding share. The warrants are exercisable at $11.50 per whole share and have terms identical to the warrants that were sold as part of Newborn's IPO. - Nuvve also completed a $4 million bridge financing with an institutional investor in connection with the business combination. The investor in the bridge financing received a senior secured convertible debenture that will convert into equity immediately prior to the closing of the business combination. - pro forma equity value of the combined company will be approximately $202 million. - Pro forma net cash available to Nuvve at closing after estimated fees and expenses is expected to be approximately $70 million, made up of approximately $57.5 million in Newborn's trust account (assuming no redemptions), net proceeds of $18 million PIPE and bridge financing, and cash on Nuvve's balance sheet. - Assuming no debt outstanding, the combined company's pro forma enterprise value is expected to be approximately $132 million. Proceeds from the transaction will be used for general working capital, growth purposes and retirement of 0.6 million shares from legacy Nuvve shareholders. - Existing Nuvve stockholders have agreed to a one-year lock-up from merger close, subject to a partial release if after the 6 month anniversary of the merger close the VWAP of the Nuvve Holding shares is at or above $12.50 for 20 out of any 30 consecutive trading days. - Existing Nuvve stockholders will also be entitled to receive an earnout of 4 million newly issued Nuvve Holding shares if Nuvve's 2021 revenue exceeds $30 million as reported in its 2021 audited financial statements. - It is currently anticipated that the business combination will close in the first quarter of 2021. 2. V2G technology leader and leading electric heavy-duty vehicle manufacturer partner to provide V2G-enabled electric school buses and trucks -------------------------------------------------------------------------------------------- collaboration on launching vehicle-to-grid (V2G) technology as a standard feature of their zero-emission school buses. Lion's buses and Nuvve's V2G technology will be fully integrated, which will enable the batteries of Lion vehicles to dynamically store and discharge energy when plugged in and controlled by Nuvve's software platform. finance.yahoo.com finance.yahoo.com
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by AlenCiken
S&P500 Vs Manufacturing PMI & GDP Growth Expectations Here we take a deeper look at why the ISM Manufacturing PMI data release is the most closely watched economic indicator on the monthly calendar. We look at how manufacturing PMI predicts GDP growth in the U.S with an 85% certainty going back to 1948. We then take a look at the historical correlation to ISM Manufacturing PMI and the S&P500. After watching this video you will understand what that market focuses on to predict GDP growth and when to buy and sell the S&P500 index
SP:SPX
by KayansMarkets
2
GLJ Research Upgrades US Steel (X) to BuyGLJ Research analyst Gordon Johnson upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $17.30. -Foreseeing a revival of car demand in the U.S., and a revival of "high-end auto steel markets" alongside it, GLJ says it is currently seeing the "most bullish setup we've seen for the US steel sector since mid-2019. -Global steel prices surging, This is happening at the same time as the U.S. steel market is enduring "acute shortages" in supply. -GLJ sees "massive ... liquidity" from government stimulus efforts, and more coming down the pike from a "stimulus-friendly Biden Administration." - In GLJ's view, U.S. Steel, which cost $11 and change yesterday could conceivably soar as high as $17.30 over the next 12 months www.fool.com www.streetinsider.com
NYSE:X
by AlenCiken
OPTT Expands Commercial Team With Southern Europe-Based RepOPTT Expands Commercial Team With Southern Europe-Based Representative - Jorge Franco has joined the Company as Regional Sales Representative based in Spain. - Southern Europe offers opportunities for OPT’s offshore power and communications solutions, particularly in the oil and gas industry - Jorge has significant relationships within leading companies operating in the region, and we believe his experience will be beneficial to serving OPT’s existing and prospective customers. - He has more than 20 years of experience in multinational technical companies selling products and services for offshore operations finance.yahoo.com
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by AlenCiken
Ideanomics Increases Its Stake in e-Tractor Company Solectrac- Electric tractors are poised to disrupt the $75 billion global agricultural tractor industry NEW YORK, Nov. 23, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million. This additional investment reflects investment interest in Solectrac by ESG funds which is expected to close in the coming weeks. As a reminder, on October 22, 2020, the Company announced that it acquired 14.7% of Solectrac, Inc. for the consideration of $1.3 million. Since this announcement, Solectrac experienced an increase in product and investment inquiries. This recent investment increases Ideanomics ownership to 24%, which will reduce to approximately 22% post-money once the additional third-party investment is finalized. The new investment by Ideanomics allows Ideanomics to increase its share of ownership sufficiently to recognize its stake in Solectrac under the equity method for US GAAP accounting purposes. We believe Solectrac has enormous potential and, given the uptick in both product inquiries and investment interest they are seeing, we exercised our rights to increase our stake so we can help Solectrac scale to meet anticipated market demand ," said Alf Poor, CEO of Ideanomics. Solectrac develops, assembles and distributes 100% battery-powered electric tractors—an alternative to diesel tractors—for agriculture and utility operations. finance.yahoo.com
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by AlenCiken
DPW Shares rises on Plan to Put EV Chargers at Fast-Food OutletsDPW Holdings’ Coolisys® Power Electronics Business to Test ACECool™ EV Chargers Targeting National Fast-Food Franchise Networks ("Coolisys®"), has established a program targeting both national and regional fast-food franchisees to install the ACECool™ electric vehicle ("EV") chargers as a part of a revenue sharing program. The program initially will be funded from the Company’s recent capital raising activities. The program is expected to be launched in California, Nevada and Canada. While the Company is excited about Coolisys’ new franchise program, there is no assurance that the program will be successful. the program will allow franchise owners and operators to install the ACECool™ EV chargers and share in the net revenue from advertising and network usage. Coolisys expects to launch its program with a national fast-food network franchisee that forms a part of a network with over 1,000 locations. Coolisys expects to announce other network partners in the first quarter of 2021. Global EV sales rose a dramatic 65% from 2017 to 2018, for a total of 2.1 million vehicles, with sales figures steady through 2019. EV demand is again expected to rise according to a study by Bloomberg New Energy Finance, which sees improved batteries, more readily available charging infrastructure, new markets and price parity with internal combustion engine vehicles as the major growth drivers. finance.yahoo.com
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by AlenCiken
Arrival to list on NASDAQ through merger with CIIG Merger Corp.-Arrival, the company creating electric vehicles (“EVs”) with its game-changing technologies, has entered into a definitive business combination agreement with CIIG Merger Corp. (NASDAQ: CIIC); and the newly combined company will be listed on the NASDAQ under the new ticker symbol “ARVL” -The transaction values the combined company at an enterprise value of US $5.4 billion and is expected to provide approximately US $660 million in gross cash proceeds to the Company. -As part of the transaction, CIIG raised a US $400 million fully committed common stock PIPE that was anchored by Fidelity Management & Research Company LLC, Wellington Management, BNP Paribas Asset Management Energy Transition Fund, and funds and accounts managed by BlackRock -Arrival is producing EVs competitive in price with fossil fuel alternatives and substantially lower than comparable EVs -Arrival has developed a new method of designing and producing zero-emission vehicles using its proprietary hardware, software and robotics technologies and low cost Microfactories -Arrival has signed contracts with total order value up to US $1.2 billion and its first products are planned for production in Q4 2021 -Arrival has previously received investment from strategic partners Hyundai, Kia, UPS, Winter Capital, and funds and accounts managed by BlackRock -The combined company will add Peter Cuneo, CIIG’s Chairman and CEO, as Non-Executive Chairman to its post-closing Board of Directors www.globenewswire.com
CLong
by AlenCiken
5
Butterfly Network to merge with SPAC Longview in $1.5 billionButterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquisition Corp. Butterfly iQ is the only ultrasound transducer that can perform "whole-body imaging" with a single handheld probe using semiconductor technology. Connected to a mobile phone or tablet, it is powered by Butterfly's proprietary Ultrasound-on-Chip™ technology and harnesses the advantages of AI to deliver advanced imaging that we believe is easy-to-use, improves patient outcomes and lowers cost of care. - The Pro Forma enterprise value of the merger is $1.5 billion, with the combined company expected to have an estimated $584 million in cash after closing. - 100% of the equity of existing Butterfly Network investors, including Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited, will convert into shares of the combined company. There will be no selling stockholders in the transaction. - The business combination is expected to be completed by the end of the first quarter of 2021, and the combined company will be listed on the NYSE under ticker symbol "BFLY." finance.yahoo.com
LLong
by AlenCiken
Luminar has struck a deal with Mobileye, an Intel company!Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, which is currently in the process of becoming a public company through its expected merger with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, has struck a deal with Mobileye, an Intel company, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing. As part of the agreement, Mobileye will collaborate with Luminar to use its lidar for the first generation of its level 4 Mobility-as-a-Service (MaaS) pilot and driverless fleet in key markets around the world Luminar’s technology will be used to enable Mobileye’s TRUE REDUNDANCY™ solution which is uniquely comprised of multiple self-contained sensor systems to enable uncompromised safety and validation for level 4 driving. By processing completely independent streams of data from 360-surround view cameras, lidar, and radar, the solution ensures significantly greater perception accuracy and eliminates the impact of disruptions to an individual sensor. Austin Russell, Founder and CEO of Luminar Technologies said that“Mobileye disrupted the auto industry to become the undisputed king of ADAS, and with the right partner is uniquely positioned to enable autonomy at an unprecedented scale.” “After collaborating with Mobileye for over a year, we’re excited to formalize this deal and work towards a shared vision of making autonomy safe and ubiquitous.” Luminar has secured a total of 50 commercial partners across passenger vehicle, trucking, and robo-taxi verticals, representing approximately 75% of major players in the targeted customer ecosystem. Luminar’s accelerating commercial traction has resulted in opportunities to convert 12 of its OEM programs and engagements from development stage into production. Key 2020 achievements across its three key verticals include: Passenger Vehicle – Luminar has secured the industry’s first series production deal for consumer vehicles starting in 2022. Luminar remains on schedule with the first Iris sensors now running live on vehicles. Luminar is partnered with seven of the top 10 largest automakers at various development stages, with timelines to series production landing between 2022-2025. Trucking – Luminar is partnered with the largest global truck OEM to commercialize Level 4 autonomous trucks for long-haul highway use cases; Luminar is now also powering all other major autonomous trucking programs globally. Mobility-as-a-service – Luminar is now working with a number of major next-generation autonomous robo-taxi programs, with particular focus on those closer to series production, including Mobileye’s internal Mobility-as-a-Service program. www.businesswire.com
G
by AlenCiken
8
Pennant pattern on AMD / Long perspective and some theoryToday we have a long set up to share on the Stock Market. Here you will have a full explanation of it. a) What is a continuation pattern? A continuation pattern is a structure that comes after a bullish or bearish movement. The main characteristic is that is a sideways period that tends to have 3 forms a) Zig-Zag (also known as a flag, pennants), Triangles ( composed by an ABCDE), and Flats (literally are rectangles structures) b) When we spot a corrective structure (in an appropriate context), we can project the coming movement using Fibonacci Extensions c) Here, we can see 2 corrective structures on the same chart. The one we are interested in right now is the current pennant pattern d) If we have a breakout of the structure above B, we expect a continuation movement towards the 2nd Fibonacci Extension e) When trading these structures, Orders can be set above B (if we are in a bullish scenario). The stop should be set below C, and the Target can be set using Fibonacci Extensions as we explained before f) Remember that another key aspect of trading is Risk Management. If you are about to trade, define a specific risk according to your account. Trade safe and protect your capital!
NASDAQ:AMDLong
by ThinkingAntsOk
NAS100 BANKED 3.5% ON THE BUY + SELL TRADE RUNNING +1%NAS100 previous and current trade using our stocks strategy NO analysis, NO zones, NO trend lines... just buy on a buy alert and sell on a sell alert. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
FX:NAS100Short
by RossTyler
1