Dow futures rise 200 points after last week’s big market rotation

first_imgTraders work on the floor of the New York Stock Exchange.Source: NYSE – Advertisement – Those moves came as traders piled into beaten-down value names at the expense of high-flying growth stocks amid positive vaccine news. The iShares Russell 1000 Value exchange-traded fund (IWD) rallied 5.7% last week while its growth counterpart, the iShares Russell 1000 Growth ETF (IWF) slid 1.2%.Pfizer and BioNTech said last week that their coronavirus vaccine candidate was more than 90% effective preventing Covid-19 participants in a late-stage trial. The news sparked hope for an economic recovery, thus making value stocks such as United Airlines and Carnival Corp more attractive. United and Carnival rallied 12.4% and 15.9%, respectively, last week.“The announcement of an effective Covid-19 vaccine by Pfizer/BioNTech last week was so important that we almost forget that there has just been a US presidential election,” TS Lombard analysts Steven Blitz and Andrea Andrea Cicione wrote in a note.- Advertisement – U.S. stock futures rose on Sunday night as traders assessed a sharp market rotation that led to a mixed weekly performance last week.Dow Jones Industrial Average futures were up by 202 points, or 0.7%. S&P 500 futures traded 0.7% higher and Nasdaq 100 futures advanced 0.9%.The S&P 500 posted a record closing high on Friday and notched a one-week gain of 2.2%. The Dow rallied more than 4% last week and briefly hit an intraday record last week. The Nasdaq Composite lagged, however, sliding 0.6%.- Advertisement –center_img “The vaccine turns what could have been a prolonged crisis into something closer to a natural disaster (large shock, swift recovery),” they said. “Without an effective vaccine, current EPS consensus expectations (pointing to a return to trend by the end of next year) would be on the optimistic side. But with one, they may actually come to pass.”To be sure, the number of coronavirus cases are still rising, thus threatening the prospects of a swift economic recovery.More than 11 million Covid-19 infections have been confirmed in the U.S., according to data from Johns Hopkins University. Data from the COVID Tracking Project also showed that a record of more than 68,500 people in the U.S. are hospitalized with the coronavirus.Dan Russo, chief market strategist at Chaikin Analytics, thinks the market can weather this latest spike in coronavirus cases, however.“it seems that investors are more focused on vaccine news and are willing to look past the near-term spike in cases,” he said in a post. “If this becomes a cause for concern for investors, it will become apparent on the charts and risk management will take over.”Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. – Advertisement –last_img read more

Atletico Madrid star Thomas Partey keen on Arsenal move

first_imgPartey has a £45m release clause (Picture: Getty)Partey has a release clause of £45million which Arsenal could trigger at any time but they must be convinced that the midfielder wants to make the move.AdvertisementAdvertisementThat may be a formality though as the Telegraph claim the Ghanaian has told friends that he wants to move to the Emirates this summer.Partey, 26, is keen on proving himself in the Premier League after five years in the Spanish capital.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe make-up of any deal is unclear and Arsenal could trigger Partey’s release clause before agreeing a fee for Lacazette but what’s clear is that Arteta believes he needs a strong midfield to compete for top four places.Granit Xhaka wanted to leave in January and could be allowed to do so this summer, while Lucas Torreira has been frozen out and has attracted interest from AC Milan.MORE: How Sir Alex Ferguson was convinced to sign Henrik Larsson at Manchester United Metro Sport ReporterMonday 4 May 2020 8:45 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link5.4kShares Comment Thomas Partey wants to join Arsenal (Picture: Getty)Arsenal target Thomas Partey has told friends he wants to join the Gunners this summer and is hopeful that an agreement can be reached with Atletico Madrid.The Ghanaian has been identified by Mikel Arteta as a priority target this summer, with the Spaniard keen on adding greater defensive cover in his central midfield.Arsenal have long searched for a defensive midfielder after Arsene Wenger neglected the role in his later years at the Emirates but Arteta was set to have a limited budget this summer before the coronavirus pandemic hit. The pandemic is set to further impact Arsenal’s finances but Arteta remains hopeful that a deal can be done and knows that Atletico are interested in Alexandre Lacazette, who he’s willing to part with. ADVERTISEMENT Atletico Madrid star Thomas Partey keen on Arsenal move Advertisement Advertisementlast_img read more

Mancini: United have fear factor

first_img Press Association Mancini feels there is an aura about United, built up over two decades of success, that gives them a firm advantage going into games. City may have won the Barclays Premier League last season but Mancini accepts they are still way short of possessing such a sheen, and their seemingly doomed title defence proves it. The champions trail United by 15 points heading into their latest derby at Old Trafford, and Mancini said: “No one plays well against United because they only play with fear.” Manchester City manager Roberto Mancini believes Manchester United strike fear into opponents in a way his side do not.center_img He added: “Every team that plays against United plays very soft because they think this game is difficult, they can’t beat them. “It is not true – if you play strong against United you can beat them, like they can beat us. “But this is normal, this is football, this is because United have been a strong team for a long time. “For the other teams they play against, it is difficult. “We are young as a team and we don’t have the same importance like United in this moment. “Maybe in 10 years, it will be the same. The history is very important.” last_img read more

Maye Mac-Swiney – RiftAnalyst – Up your game

first_imgNot as good as you’d like to be at League? Enter RiftAnalyst. The low cost platform was built by Fluendo; this is a company which has built video analysis tools for traditional sports and worked with the likes of Blackburn Rovers and the Spanish national handball team. Maye Mac-Swiney, FluendoMaye Mac-Swiney is the Global Marketing Director at Fluendo. We asked her about the process, the aim of platform and who it’s targeted at. Esports Insider: How long has this tool been in the development stages and what was the process, who worked on it?Rift Analyst: It started as an internal brainstorming session on what product to develop next. Our employees suggested we went into the esports industry given its growth potential and given the fact that there were no video analysis tools in the market for League.“We’re working with Spanish teams like KIYF Esports Club and we’re closing agreements with other Challenger Series teams”The project started in April 2016 with a phase of research and after doing the numbers, we started development. We are multimedia experts, not LoL experts, and that’s why we approached the LVP as well as professional coaches and players to help us develop the functionalities that they thought were important.Esports Insider: Is it more geared towards amateur players and teams or do you think it’s sufficient enough to improve the pros’ games too?Rift Analyst: RiftAnalyst can help both amateurs and professionals. The features contained in our software can be used in many different ways: from analysing individual or team performances, inserting annotations or drawings to highlight actions in the match, easily creating playlists of the best or worst plays on the match, and so on.“The people that are using it sum it up as a tool that enables them to save a bunch of time and focus on the analysis aspect instead of going through hours of footage”Whether the user is an amateur or pro player, a coach, an analyst or a content creator, RiftAnalyst’s features can be extremely beneficial.  Esports Insider: Will you be partnering with any teams or players to promote the product?Rift Analyst: Yes, now that we’ve officially launched we’re working towards that. At the moment we’re working with Spanish teams like KIYF Esports Club and we’re closing agreements with other Challenger Series teams.Esports Insider: Fluendo has some history when it comes to working with big sporting organisations such as Blackburn Rovers and the Spanish handball team. Will you be focusing on League for now, or are there plans to diversify into products in other major esports titles?Rift Analyst: At the moment, we’re focusing on LoL, but yes, it’s within our plans to develop solutions for other esports titles.Esports Insider: There’s a free version which means you’ll doubtless get a decent amount of first time players try it out. What has their feedback been like? Moreover, how did you come up with the 3.99 price point for the premium version?Rift Analyst: Their feedback has been great so far. The people that are using it sum it up as a tool that enables them to save a bunch of time and focus on the analysis aspect instead of going through hours of footage to identify the actions that are important to their strategy. Professional teams are really keen about this tool that, in the end, makes their jobs easier.“RiftAnalyst can help both amateurs and professionals”The price point was a combination of customer feedback and knowing the consumption habits of our demographic. We knew the price needed to be very affordable and users have reacted very positively so far!last_img read more