The Russian stock market is relatively stable

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The Russian stock market is relatively stable. Major stock indexes at the end of the working week will be traded in the outset, because there is no tangible growth drivers and reasons for decline. The oil market is also stable after recent decline. Bets – no bets! Investors weighed geopolitical factors of influence, to minimize risks when choosing investment instruments. While there is some uncertainty about the oil market, investors will seek stocks from other sectors.
Not a bad investment can be in shares of the company “Mechel”, as the news that foreign creditors have ceased recovery of debts in the London court of international arbitration. This allowed the stock to grow by almost 4% in the trading session. Growth stocks will continue for at least another 1.8% in the short term.
Also pay attention to the company “Raspadskaya” following the recent statements of the General Director Sergey Stepanov that the company may issue dividends in December. Therefore, the company’s shares in the short term may increase by 2% from the current price. More pay attention to the company’s shares “Cherkizovo”, which is planning further expansion of business scale due to the absorption of the JSC “Altai broiler”. These papers can be viewed in the long term with good and stable growth potential.
Wall street again began to conquer the peaks. Investors were active due to the fact that the US and China can settle their trade dispute, and Washington would suspend further tariffs on Chinese imports. The main indexes of wall street closed in the green zone. The Financial Times also reported that U.S. trade representative Robert Lighthizer told a group of industry executives that the next tranche of tariffs on Chinese imports suspended. Shares of Apple Inc (O: AAPL) rose 2.5%, to end five-day losing streak and help the technological sector (SPLRCT) rise 2.5 percent, the largest gain among the major sectors in the S&P 500 index.
Shares in Cisco Systems Inc (O: CSCO) rose 5.5% after quarterly earnings and revenue network equipment manufacturer has surpassed the analysts ‘ estimates. Cisco became one of the biggest drivers of growth for the indexes, the S&P 500 and Nasdaq. But was the action, that the growing market was significantly reduced.
For example, the company’s shares Dillard’s Inc (N: DDS) fell 14.8% after earnings in the third quarter was worse than expected. Retailer J. C. Penney Co Inc (N: JCP) also reported sales of similar stores below analysts ‘ expectations. The dismal results Dillard’s and J. C. Penney caused damage to the stock of Walmart Inc (N: WMT), which fell 2%, although the world’s largest retailer conducted an analysis of the sales and raised the forecast for the whole year. KB Home (N: KBH) fell 15.3% after the company reduced the revenue forecast in the fourth quarter. Shares of other homeowners, including D. R. Horton Inc (N: DHI), Toll Brothers Inc (N: TOL) and Lennar Corp (N: LEN) also fell.
Shares of PG & E Corp (N: PCG) increased their losing streak to a sixth day, reaching 15-year low of 17.26 dollar and finish of 30.7%. A utility company warned that it may face liability in excess of its insurance if its equipment has caused a serious fire in Northern California. In General, the us stock market looks quite optimistic. Due to the diversity of ideas and fixation of profits before the weekend, the us stock indexes can be closed in different directions.
Gaidar Hasanov
“International Financial Center”