STOCKS TELEGRAPH

Tag: OMI

  • Everything you need to know about ECOMI (OMI)

    Everything you need to know about ECOMI (OMI)

    Through its comprehensive ecosystem, ECOMI (OMI) expects to expand the acknowledgment of NFTs (non-fungible tokens) and other NFT collectibles. To offer an exceptional client experience, the convention incorporates a simple to-utilize programming, commercial center, cryptographic money, hardware wallet, and deflationary protocols. The venture’s motivation is to assemble a high-performing NFT climate. Quite, ECOMI is the VeVe Dapp’s true utility token. ECOMI is a coin based on Ethereum. The organization, notwithstanding, has ventured into the Binance Smart Chain ecosystem as well.

    What is VeVe?

    VeVe is a conspicuous advanced collectibles NFT platform. Clients might look through an enormous library of NFTs and make exhibitions to show their assortments on the network. Users associate with the convention utilizing OMI tokens, making ECOMI a significant piece of the VeVe organization. There are right around 290,000 dynamic users on the Dapp. It likewise completed the selling of 510,000 NFTs. Accordingly, VeVe is one of the world’s most well-known portable NFT markets, positioning with the top-netting Entertainment Apps in the Google Play and Apple stores.

    Benefits of Using VeVe and ECOMI

    ECOMI helps the diminishing of a wide extent of difficulties. Most importantly, the association is connected to protecting painstakingly approved computerized NFTs and digital art. ECOMI joins the best associations and licenses NFT specialists to communicate with a secondary market straightforwardly from their wallets. The show is planned to be a comprehensive asset for modernized collectibles. This strategy may be less astounding for new clients.

    Another basic advantage of the system is its deflationary traits. To keep the value rising, the structure uses buybacks and burning mechanisms. Noticeably, inflationary risks are normal in the fiat and DeFi social class. Through its worth control safeguards, ECOMI avoids these issues. The OMI used to acquire NFTs is unequivocally shipped off to a burn address. Burn addresses are wallets that don’t allow withdrawals.

    One more motivation to consider exchanging OMI is its true capacity for easy passive revenue. For token holders, ECOMI permits marking. You can get tokens in light of how much time and tokens you stake. The main thing to recall about staking is that your tokens will be inaccessible all through that particular time. This strategy likewise brings down the circulating supply, which drives up costs.

    About OMI

    The VeVe and ECOMI markets use OMI as their essential utility token. The coin sticks to the ERC-20 network, guaranteeing a significant degree of similarity with wallets, DEXs, and DeFi arrangements. OMI can likewise be staked for generally low-risk rewards.

  • Early Morning Vibes: Watch These 4 Stocks Today

    During the session on January 22, American stock indexes finished mostly in the red zone. The S&P 500 index dropped 0.30% to 3841 points, the Dow Jones lost 0.57%, and only the NASDAQ was able to add a symbolic 0.09%. The news background remained calm. A slight correction was caused by the fixation of positions after the rally. The real estate sector outperformed the market, climbing 0.3% on the back of an unexpected rise in secondary home sales. In general, macro statistics pleasantly surprised investors: business activity increased significantly in January.

    Company news

    Intel (INTC: -9.3%) posted good quarterly results, but investors were disappointed with forecasts of insufficient pace of outsourcing of part of the production of microchips.

    IBM (IBM: -9.9%) quarterly revenue fell short of consensus expectations.

    Medical device maker Intuitive Surgical (ISRG: -6.8%) notes the continued negative impact of COVID-19 on surgical system sales, so it is holding back from forecasts for the current year for now.

    Today, world stock exchanges are showing mostly positive dynamics. The focus is on negotiations between Democrats and Republicans over a $ 1.9 trillion economic aid package. The last meeting of legislators took place on Sunday, which indicates the desire to make a decision as quickly as possible. The Biden administration is pushing Congress hard as speeding up the vaccination process is heavily dependent on additional funding. Almost all congressmen agree with this, but on many other points of the plan, the contradictions are growing. Investors have already come to a consensus that in the final version the volume of the next anti-crisis package will be significantly less than the declared $ 1.9 trillion. Optimism at the moment is due to the fact

    The season of corporate reporting has a decisive influence on the dynamics of the market. Microsoft, AMD, Apple, Facebook, and several other major corporations will report quarterly results this week.

    Asian stock markets closed in the green. Japan’s Nikkei added 0.67%, Hong Kong’s Hang Seng rose 2.41% and China’s CSI300 climbed 1.01%. The European EuroStoxx 50 is trading near zero.

    The appetite for risk increases. The 10-year Treasury rate is reduced to 1.08%. Brent crude futures are rising to $ 55.75. Gold is consolidating around $ 1,855.

    The Freedom Finance Sentiment Index climbed to 65 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is showing an upward bias in the medium term. The trading session on January 22 did not change the picture. The relative strength of buyers prevails, but the upper border of the equidistant channel at 3860 points is a serious resistance. In this regard, short-term consolidation is quite possible.

    Today Top Movers

    ‎BlackBerry Ltd (BB) stock ascended 28.21% at $18 in the pre-‎market trading today.‎‎

    ‎Castor Maritime Inc (CTRM) stock moved up 2.47 percent to $0.41 in the pre-market ‎trading following the declaration of $15.3 million debt financing.

    ‎Palantir Technologies Inc (PLTR) is up more than 6.26% at $34.62 in pre-market ‎hours ‎Monday, ‎January 25, 2021, after the firm declared that Lauren Friedman Stat has been appointed to Palantir’s Board of Directors and Audit Committee of the Board.

    ‎Vyne Therapeutics Inc (VYNE) grew over 60.11% at $3.01 in pre-market ‎trading ‎today.‎‎ The company revealed the execution of a contract with a major PBM for its novel AMZEEQ® (minocycline) topical foam, 4%, and ZILXI® (minocycline) topical foam, 1.5%.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on American Eagle Outfitters Inc. (AEO), upgrading the stock to “Outperform” and assigning a $30.0 price target, representing a potential upside of 23.56% from Friday’s close.

    Atlantic Capital Bancshares Inc. (ACBI) has won the favor of Raymond James’s equity research team. The firm upgraded the shares from Market Perform to Outperform.

    Medifast Inc. (MED) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $265.0. They changed their rating on MED to Buy from Hold in a recently issued research note.

    Earlier Monday Goldman Sachs reduced its rating on IMAX Corporation (IMAX) stock to Neutral from Buy and assigned the price target to $17.9.

    Truist Securities analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Magnite Inc. (MGNI) has been changed to Hold from Buy and the new price target is set at $37.

    Analysts at Goldman Sachs downgraded Glu Mobile Inc. (GLUU)’s stock to Neutral from Buy Monday.

    Latest Insider Activity

    3D Systems Corporation (DDD) EVP, Chief Legal Officer & Sec Johnson Andrew Martin announced the sale of shares taking place on Jan 22 at $30.10 for some 4,000 shares. The total came to more than $0.12 million.

    Kopin Corporation (KOPN) Chief Financial Officer SNEIDER RICHARD sold on Jan 22 a total of 364,006 shares at $4.00 on average. The insider’s sale generated proceeds of almost $0.18 million.

    ServiceSource International Inc. (SREV) 10% Owner Edenbrook Capital, LLC declared the purchase of shares taking place on Jan 21 at $1.50 for some 78,880 shares. The transaction amount was around $0.12 million.

    Owens & Minor Inc. (OMI) Director Henkel Robert J bought on Jan 15 a total 21,000 shares at $27.11 on average. The purchase cost the insider an estimated $27,110.

    Important Earnings

    Top US earnings releases scheduled for today include Steel Dynamics Inc. (NASDAQ: STLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.83 per share from revenues of $2.53B in the three-month period.

    Analysts expect AGNC Investment Corp. (NASDAQ: AGNC) to report a net income (adjusted) of $0.65 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $362.11M.

    Xilinx Inc. (XLNX), due to announce earnings after the market closes today, is expected to report earnings of $0.68 per share from revenues of $775.66M recently concluded three-month period.