The Russian stock market performs the expected correction
The Russian stock market performs the expected correction after a significant growth for several days. Many market participants record positions ahead of the weekend.
Can continue to increase in such actions as: “Tatneft (MCX: TATN)” potential growth after the correction another +1.9%, and RussNeft may grow by +0,4%, MTS (MCX: MTSS), the expected growth of +0,4%, “Gazprom Neft (MCX: SIBN)” can add +0.6% and “Polymetal (MCX: POLY)” growth potential may be +0.4 percent. Also worth a look at the ALROSA shares as the company’s net profit grew by 33%. The financial sector will continue to grow. Shares of Sberbank can achieve in the short term of 206.00 rubles per share.
Also the shares of “VTB” are the interests of the investors for long term investments. It should avoid the shares of “Aeroflot (MCX: AFLT)” which have the potential to continue to decrease by another -1%, “MegaFon (MCX: MFON)” may decline of 1.3%, “M. Video (MCX: MVID)” will fall by 0.5%, “Rosneft (MCX: ROSN)” the expected continuing decline of -1,2%, GDRs of Pyaterochka will decrease by 0.3% and SAFMAR will continue to decline into deflation at -0.4%. In General, the dynamics of the Russian stock market will decline and the decline in oil prices until the end of the trading session.
The us stock market is gaining momentum for further upward movement. Investors pay attention to a very promising company for long-term investment. In particular, it is possible to consider the company Walt Disney Co (N: DIS). Family entertainment the company also has told about plans of creating a new video series of “Star wars” for an upcoming streaming she called Disney + and plans to start late next year to compensate for the continuing loss of subscribers from ESPN and other cable networks.
Disney is trying to turn into a large-scale company digital entertainment, as the audience moves to Netflix Inc (O: NFLX), Google Inc (O: GOOGL) YouTube and other digital options. He is on the verge of acquiring new films and television facilities in the acquisition of assets in the amount of 71.3 billion. From the company Twenty-First Century Fox Inc (O: FOXA).
Also, the growth leaders were companies TripAdvisor Inc (NASDAQ: TRIP), which rose by 15.26% to 66,93, Flowserve Corporation (NYSE: FLS), which has grown by 7.83% to 53.00 and ANSYS Inc. (NASDAQ: ANSS), which increased by 6.18% to the closing 169,68. The worst performers were Co Perrigo (NYSE: PRGO), which declined 16.32% to of 62.88 at the end of trading, Wynn Resorts Limited (NASDAQ: WYNN), which has lost of 13.13%, reaching the level of 99.02 and DR Horton Inc. (NYSE: DHI), which was down 8.97% to 34,22 at the closing. Today it is also possible to profit taking before the weekend.
“International Financial Center”