Spectra Energy's most recent trend suggests a bearish bias. One trading opportunity on Spectra Energy is a Bear Call Spread using a strike $200.00 short call and a strike $220.00 long call offers a potential 23.84% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $3.85 would be kept by the premium seller. The risk of $16.15 would be incurred if the stock rose above the $220.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Spectra Energy is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Spectra Energy is bearish.
The RSI indicator is at 62.27 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Spectra Energy
Can Sea Limited Still Move Higher?
Wed, 16 Dec 2020 15:43:13 +0000
Sea Limited has been one of the strongest stocks of the year. Does it still have more gas in the tank?
3 Top E-Commerce Stocks to Buy Before 2021
Wed, 16 Dec 2020 11:03:00 +0000
At first glance, Fiverr International (NYSE: FVRR) might not seem like an e-commerce stock, but it merely addresses a different type of commerce. The company is one of the world's largest digital sales platforms that connects businesses with freelancers, offering any manner of digital services to users around the world. Fiverr works as the go-between and holder of the funds to ensure both parties are satisfied, and takes a flat fee of 20% from the seller for its trouble.
Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal
Tue, 15 Dec 2020 23:56:43 +0000
(Bloomberg) — Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter.The special purpose acquisition company is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the southeast Asian nation, the people said. The SoftBank Group Corp.-backed firm could be valued at $8 billion to $10 billion in a transaction, said the people, who asked not to be identified as the discussions are private.Deliberations are at a preliminary stage and Bridgetown could still look at other potential targets, the people said. Hong Kong tycoon Li, whose investment firm Pacific Century Group also owns companies including insurer FWD Group Ltd., is already a minority investor in Tokopedia, the people said. Representatives for Bridgetown and Tokopedia declined to comment.Bridgetown surged as much as 31.5% in New York on Tuesday, its biggest advance ever, before closing 25.7% higher.Bridgetown raised $550 million in a U.S. initial public offering in October, following other so-called blank-check companies such as those associated with billionaire investor Bill Ackman and former U.S. House Speaker Paul Ryan.Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. A potential merger with Tokopedia would also be in-line with the strategy that Bridgetown set out in its prospectus: to focus on a target in the technology, financial services or media sectors in Southeast Asia.Read more: SPACs, the Year’s Hottest Investment Vehicle: Bloomberg 50Tokopedia became Indonesia’s second most valuable startup, just behind ride-hailing and delivery giant Gojek, by scoring early backing from SoftBank and Alibaba Group Holding Ltd. Alphabet Inc.’s Google and Temasek Holdings Pte invested about $350 million in Tokopedia, people familiar with the matter have said.E-commerce platforms including Tokopedia, Alibaba’s Lazada Group and Shopee — a unit of Singapore-based Sea Ltd. — have been some of the beneficiaries of coronavirus-driven lockdowns this year as they moved quickly to serve the millions of people forced to make their first online purchases while staying home.Read more: Why Blank Check Companies (SPACs) Are Filling Up Fast: QuickTake(Updates Bridgetown’s share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sea Limited's (NYSE:SE) Intrinsic Value Is Potentially 24% Below Its Share Price
Fri, 11 Dec 2020 09:11:45 +0000
Does the December share price for Sea Limited ( NYSE:SE ) reflect what it's really worth? Today, we will estimate the…
Singapore’s Sea Raises $2.6 Billion in Upsized Stock Offering
Fri, 11 Dec 2020 05:13:12 +0000
(Bloomberg) — Singapore’s Sea Ltd., the tech startup that’s become Southeast Asia’s most valuable company, increased the size and set the final price of a secondary stock offering to raise at least $2.57 billion.Sea priced the sale of 13.2 million American Depositary Shares at $195 each, increasing the size from 11 million because of strong demand, according to a statement. The underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., have the option for another 1.98 million ADS, which would yield $386 million at the same price.Sea, a games company that has expanded into e-commerce and digital payments, has surged to a market valuation of almost $100 billion with its shares rising 395% this year alone. It intends to spend the proceeds from the new offering on business expansion, “including potential strategic investments and acquisitions,” the company said in its statement.The company just won a license to open a digital bank in Singapore, a coveted award that will allow expansion into financial services. Under criteria set by the Monetary Authority of Singapore, digital full banks are required to have total capital of at least S$1.5 billion ($1.1 billion), with S$15 million at entry and progressively increasing the capital.The new capital could be used for its digital bank or to accelerate e-commerce and gaming investments, Bloomberg Intelligence analysts Matthew Kanterman and Joyce Ho wrote in a note.Sea’s first self-made mobile game, a battle royale called Free Fire, has attracted tens of millions of players and its gameplay is now one of YouTube’s most-watched attractions. The company’s Shopee platform has also surged in sync with greater demand for home shopping and food delivery, having taken the mantle of Southeast Asia’s leading e-commerce provider at the end of 2019, according to research firm iPrice.Read more: World’s Hottest Stock Is a Money-Losing Tech Giant Soaring 880%Investors have been betting on Sea becoming its region’s Tencent Holdings Ltd. and Alibaba Group Holding Ltd. rolled into one, though the company’s most recent quarterly results showed a slight slowdown in its prodigious growth rate.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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