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Investors this week snapped up shares of Robinhood, helping the ‘meme stock’ reverse its rocky first-day showing. Source: Bloomberg Shares Robinhood Stock Option United States Investor Robinhood Markets Inc (Nasdaq: HOOD) share price closed at US$70.39 per share on Wednesday (04 August 2021) The ‘meme stock’ has shot past its IPO price by 85% despite the tepid debut Options trading has begun, and big-name investors also boosted confidence Interested in trading Robinhood shares? Open an account with us to get started. Robinhood stock price: what drove the surge? California-based Robinhood’s stock price soared by 50.4% on Wednesday to finish at US$70.39 on a heavy volume of 174.4 million shares changing hands, less than a week after the online brokerage went public in a disappointing debut. The so-called ‘meme stock’ surged as much as 82% to touch a session high of US$85 on Wednesday, giving it a market value of US$71 billion. The volatility prompted multiple trading halts on the Nasdaq exchange, The Financial Times (FT) reported. After four straight days of gains, Robinhood’s market capitalisation has ballooned to US$58.9 billion, surpassing hundreds of blue-chip US firms such as Twitter Inc, carmaker Ford, and asset manager T Rowe Price. This week’s reversal of the California-based company’s underwhelming debut came as retail investors on social media embraced the stock. It was also triggered by the new availability of options contracts tied to Robinhood’s shares, FT said, citing traders and analysts. What’s your view on Robinhood? Take a long or short position today. Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019 Retail investors flock in, options trading starts The stock began trading last Thursday (29 July), but ended up tumbling 8.4% from its offer price of US$38 per share. That was among the worst debuts in US initial public offering (IPO) history, for a flotation of its size. Dealogic data showed that Robinhood chalked up one of the biggest first-day percentage declines by US-listed IPOs raising at least US$2 billion. But retail trading volume surged tenfold on Tuesday, propelling the stock price’s 24% increase, according to Vanda Research. Also brightening sentiment on Robinhood were big-name investors such as asset management firm ARK Invest’s founder Catherine Wood. On Tuesday, her Ark Fintech ETF bought another 89,622 shares of Robinhood, with the stock now making up 0.9% of its portfolio, Reuters reported. As Wood is known as a star stock picker, her latest sizable position was seen as a ‘vote of confidence’ in Robinhood, said private-equity firm Great Hill Capital. In addition, Wednesday was the first day that investors could trade options on Robinhood shares. More than 293,000 contracts changed hands by the afternoon, roughly evenly spread between bearish puts and bullish calls, Reuters reported. Contracts that were betting on Robinhood exceeding US$70 per share by 20 August 2021 were the most actively traded, Reuters added. The next most traded contracts were puts that would come into play if the stock falls below US$20 per share by mid-August. FT noted that dealers selling bullish call options to investors would typically buy Robinhood stock to hedge their risk, pushing the market in an upward direction. Kelvin Ong | Financial writer, Singapore 05 August 2021

The Amazon stock remains a ‘buy, despite a string of price target downgrades in recent days. Source: Bloomberg Shares Amazon United States Price Stock CFD Amazon.com (NASDAQ: AMZN) shares closed slightly lower on Wednesday (04 August 2021) The stock has fallen 7.5% since it posted worse-than-expected Q2 results Although most analysts slashed their price targets, they still foresee a 24% upside potential on average Interested in trading Amazon shares? Open an account with us to get started. Amazon stock price: what are analysts saying? Amazon.com shares continue to remain suppressed, following a string of analyst price target downgrades. Last week, JPMorgan analyst Doug Anmuth lowered his firm’s price target on the e-commerce company’s shares to US$4,100 from US$4,600, with rating unchanged at ‘overweight’. He cited that Amazon’s Q2 earnings ‘disappointed’ with growth of 24% (excluding the impact of foreign exchange) being at only at the halfway mark of its guidance, after having beaten high-end points in the last six quarters. Truist analyst Youssef Squali had the lowest price target of the latest investment notes at US$3,800 a share, down from US$4,000 previously. He noted that Amazon’s second-quarter sales marks the company’s first earnings miss since the start of the pandemic. This reflected softening demand in the Online Stores segment as countries re-open, he added. However, Squali maintained a ‘buy’ recommendation on the stock, as he still expects Amazon to achieve mid-teens growth in the second half of fiscal 2021, followed by a re-acceleration in FY2022. The stock, which is down 9% in the last one month, still has an overwhelming consensus rating of ‘buy’, according to the latest broker data published by MarketBeat. Analysts also have an average price target of US$4164 on the stock, which equates to a potential 24.12% upside from its closing price of US$3,355 on Wednesday. What’s your view on AMZN? Take a long or short position today Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. What are the key takeaways from Amazon’s Q2 report? Unfortunately for Amazon, despite net sales increasing 27% to $113.1 billion in the second quarter from US$88.9 billion in the same period a year prior, headlines have been focused on how it missed analyst estimates of US$115.2 billion. Discussions have been around how the 27% growth is ‘significantly’ lower than the 41% growth achieved in the same quarter in 2020. Amazon’s chief financial officer Brian Olsavsky defended the slowdown during a call with reporters, saying that logistical delays in the Q1 of 2020 which were only fixed by the next quarter allowed Q2 2020’s sales to jump to the 35% to 45% range, where it remained through Q1 2021. ‘In Q2 of this year, we began to comp this high sales period from last year, and the year-over-year revenue growth rate has narrowed. It has also narrowed as vaccines become more readily available in many countries and people are getting out of their homes,’ he added. Looking to the third quarter of 2021, Amazon expects net sales to be between US$106 billion and $112 billion, or at a growth rate of between 10% and 16% year-on-year. Analysts have a consensus estimate of US$119.2 billion, according to Refinitiv data. Next, operating income is expected to end up between US$2.5 billion and US$6 billion, down from US$6.2 billion in Q3 2020. Kelvin Ong | Financial writer, Singapore 05 August 2021

Hi @Samlau3388, Unfortunately at this point you can only display the company name, we had previous feedback from clients asking for tickers to be visible. We have forwarded the suggestion to the relevant department and we are working on a solution. Thank you - Arvin

Hi @Bullsrule007, The settlement periode is usually 2-3 business days for shares. The best way to follow up on that settlement would be to send your account details and the specific shares you sold to helpdesk.au@ig.com. They will be able investigate on your query. All the best - Arvin

Hi @nenglish, The issue on chart has been raised to the IT department. It is only on the Demo account. On the live account the chart won't show the off market hours. This issue should be fixed shortly. All the best - Arvin

Hi @rkhaghi, We have created a dedicated thread for Stock request on : For share dealing (non-leveraged) we only offer shares from the countries below : Thank you - Arvin

Hi all, Could you please check in My IG > Settings > Prices & dealing alerts: You can check if the alerts are correctly set up on that screen. If you have set up your alerts on a mobile app you might need to setup the alerts on the web platform as they won't carry over. We are working on syncing both alerts across. All the best - Arvin

Hi @StevenCham, Your request has been submitted ! All the best - Arvin

We highlight five things that investors and traders need to know on Wednesday, 4 August. Source: Bloomberg Forex Indices Retail Economy ASX Data New Zealand jobs data shows a roaring economy New Zealand’s employment data was published this morning, and pointed to an economy that continues to run hot. The country’s unemployment rate plunge to 4.0% from 4.6% last quarter, beating by some margin the 4.4% estimate going into the release. The data was the latest bit of evidence of a very robust economic expansion of New Zealand’s economy and provided a little vindication for the Reserve Bank of New Zealand’s move last month to end its quantitative easing program. The markets are betting now on an even shorter path to rate hikes from the central bank, with the NZD/USD jumping above 0.7050 this afternoon as a result. Source: IG charts Australian Retail Sales drop as lockdowns hit consumption Australian Retail Sales data revealed the impact on consumption of the recent lockdowns across the country, with retail sales for the month declining by 1.8%, as expected. In the data’s accompanying commentary, the Australian Bureau of Statistics outlined the sectors hardest hit by restrictions - cafes, restaurants and takeaway food services -6.0%, clothing, footwear and personal accessory retailing -9.5%, department stores -7%, other retailing -1.6% and household goods retailing -1.3%. Oil prices under pressure as demand concerns grow The price of ETFS Brent Crude has extended its drop in the last 24 hours, with WTI having fallen by as much as 6.75% from last week’s highs, before retracing some of those losses in Asian trade today. The fall seems to have come off the back of some mounting concerns about the global economy’s outlook, and whether its expansion may have peaked. On top of that, there remains some wariness about the strength of emerging market economies, which are struggling to combat the effects of the spread of the Covid-19 Delta variant. Learn more about trading oil. ASX 200 pushes back to record highs It’s been another record-breaking day for the Australia 200 today, with the index pushing back towards record highs. As had been the case in Wall Street trade in the night prior, it was a rebound in cyclical stocks that underpinned the charge higher, with energy and mining shares outperforming. Coming into the back end of the session, the ASX 200 is wrangling at the 7500 mark, a key psychological level for market participants. Source: ASX Focus slowly turns to US labour market data The remainder of the week in financial markets will be dominated by speculating about and reacting to the US labour market data. The climax of the trading week will be on Friday night with Non-Farm Payrolls. However, traders will receive their entrée this evening, with the ADP Non-Farm Payrolls numbers. Reflecting the strength also expected out of the official NFPs, the ADP data is tipped to explain how 695,000 jobs were added to the US economy last month. Do you have a view on the markets? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform. For example, to buy (long) or sell (short) a variety of local and international stocks using CFDs, follow these easy steps: Create an IG Trading Account or log in to your existing account Enter <Company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade For investors not looking to trade stocks, you can invest in shares directly through our share trading service. Kyle Rodda | Market Analyst, Australia 04 August 2021

As investors mull Square’s AUD$39 billion bid for Afterpay, one investment bank dramatically raised their price target (PT) on the BNPL leader. Source: Bloomberg Forex Indices Shares Stock Takeover Price Afterpay share price proves volatile following Square's AUD$39 billion takeover bid The exact takeover price remains 'undecided' Macquarie raises their price target on APT from $140 to $160 following this news Trade stocks like Afterpay and Square with IG today. Open an Account here. The perils of buyouts Once an acquisition bid is announced and especially when a company’s Board has agreed and endorsed such a deal, the share price of said company will typically trade up to or around the takeover offer price. There are some qualifications to this of course. Perhaps the market believes that the takeover will be knocked down by regulators, or maybe it won’t be approved by shareholders, despite being endorsed by the Board. In such cases, you’ll see that uncertainty ‘priced into’ the stock – that is, it will usually trade a bit below the takeover bid. Square's $USD29 billion or AUD$39 billion bid for Afterpay created its own pieces of uncertainty on Monday. Why? Centrally, the deal won’t be paid in cash, but in scrip or stock. Essentially, once we reach the record date – currently earmarked for the first quarter of CY22 – for every Afterpay share held by investors, they will receive 0.375 Square shares. In legalise, 'all of the Afterpay Shares held by Scheme Participants at the Record Date will be transferred to Square Acquirer.' (While we say all-scrip, it should be noted that there is an option for Square to fund 1% of the acquisition through cash.) Do you have a view on Afterpay? Whatever you think, you can use CFDs to trade both rising and falling markets, through IG’s world-class trading platform now. For example, to buy (long) or sell (short) a stock using CFDs, follow these easy steps: Create an IG Trading Account or log in to your existing account Enter <company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade Alternatively, you can invest in shares directly through our share trading service. But there’s more For reference, Square also noted that it had agreed to create a secondary listing on the ASX – so that investors wouldn’t have to hold US stock or be exposed to currency moves. In the wake of all this a few things happened. Immediately following the announcement of the takeover, the Afterpay share price surged, but it did not hit the implied bid price of $126.21 per share. Rather, the stock closed Monday’s session at $114.80 per share, up an impressive 18% but still ~10% below the Square bid. At the time we wrote this could have been reflective of concerns over shareholder or regulatory approval. Though in retrospect it has more to do with Square’s share price – and the volatile price that comes with holding such a stock. With Square announcing the takeover on Sunday (US time), and Afterpay’s stock surging on Monday (Australian time), there remained much uncertainty as to how the market would react to the announcement on the Square side. That likely explains the 10% gap we saw on Monday. Yet the market responded with sensational enthusiasm when US trade commenced on Monday, with Square finishing out the session up 10.16% to US$272.38 per share. Read our deep-dive into the takeover offer here. Afterpay share price to remain watched So, with Afterpay’s share price now leveraged to Square’s share price – it was unsurprising that the stock also surged on Tuesday (Australian time), with APT closing out the session 11.3% higher. That’s certainly not the end of the story though. On Wednesday, Macquarie analysts came out and revised their price target on Afterpay, bumping it from $140.00 per share to $160.00 per share. This was based on the investment bank’s price target of US$325 per share for Square, ‘adjusted for the proposed scrip ratio’, while also factoring in currency fluctuations. Analysts from the investment bank note that while Square's offer implies a premium to the sector's average, such a valuation is justified given Afterpay's above-average growth levels. 'As seen in the company’s Q4 release merchant and customer additions have maintained vs. a declining trend by smaller peers,’ Macquarie said. Ultimately, assuming the deal goes through, and with Afterpay’s valuation now essentially tied to Square’s share price, volatility is likely to remain a fixed feature of both companies for some time. More to come. Shane Walton | Financial Writer, Australia 04 August 2021

Hi @janscijack, The IG Labs Help page is a work in progress. For any query please email webapisupport@ig.com. Thank you - Arvin

Hi @Philteddy, I just tried to do the same on same market the position is showing up on the chart. Could you please try to log off on log back in? You should also try to clear your cache and cookies. If the issue persist, please contact helpdesk.uk@ig.com. All the best - Arvin

Hi @MattyG, I will forward you suggestion to the relevant department to add API for non leveraged accounts. Thank you - Arvin

HI @FiftyBagger, Could you please clarify which Stock are you referring to ? If you have a screenshot or exact time when you saw this pricing would be useful. Thank you - Arvin

Hi @Dener, It is possible that your SL was not triggered because of a slippage. "Slippage can happen at any time, due to two main reasons. The first reason is high volatility in the market. If there is a sudden movement of price beyond your stop order, the trade may not be closed in time and the stop may not be triggered at the level at which it was set. The second reason is that there is a gap in the market – this is when the market moves sharply up or down with little or no trading in between." More details here. I hope that it helps All the best - Arvin

Hi @HaidS10, Thank you for your feedback, I will forward your suggestion to the relevant department to be reviewed. All the best - Arvin

Hi @Simch747, In your scenario if your shares have been declared worthless, you can call our dealing desk (0800 409 6789 or +44 20 7896 0079) to close that position at the value of 0. Once closed, you might still occur custody fee of GBP 24 if you are trading less than 3 times a quarter or hold open positions. All the best - Arvin

Hi @PAULFURZE, On the London Stock exchange the prices are quoted in Pence 1/100. That would explain the pricing you see. I hope that it helps! All the best - Arvin

Moderna’s Q2 results are expected to show that sales of its Covid-19 vaccine have more than doubled from the first quarter to boost revenue. Source: Bloomberg Shares Moderna Share price COVID-19 vaccine Revenue Price When is Moderna earnings date? Moderna, the messenger ribonucleic acid (mRNA) medicines based company, is expected to release quarter two (Q2) of 2021 results on 5 August 2021. The scheduled results will cover the groups second quarter and half-year earnings (H1). Moderna results preview: what does the Street expect? Moderna is expecting a strong first quarter (Q1) to be followed up with an even stronger Q2, boosted by commercial sales of its Covid-19 vaccine. 2021's Q1 saw $1.7 billion in revenue from the three month period as 102 million doses of the Covid-19 vaccine were sold. Moderna in its last results update forecast 200 to 250 million doses to be sold in 2021's Q1. As of the last quarter the group had already signed Advanced Purchase Agreements (APAs) for product sales amounting to $19.2 billion for the full year. Consensus estimates as sourced from Refinitiv arrive at the following in terms of the groups upcoming results: Revenue for H1 of 2021 of $21.779 million is expected (+74% year on year) Earnings per share (EPS) of $4.25 for H1 of 2021 expected (vs $2.01 in H1 2020) How to trade the Moderna results A Refinitiv poll of 18 analysts maintain a long-term average rating of ‘hold’ for Moderna (as of 2 August 2021), with two of these analysts recommending a strong buy, seven recommending a buy, six hold and three sell recommendations on the stock. Source: Refinitiv Data The long-term price target (mean) for Moderna from these analysts is $205.07, suggesting that the share price currently trades at a significant premium (42%) to suggested fair value. Find out more on how to buy, sell and short Moderna shares Moderna share price: technical analysis Source: IG charts The share price of Moderna entered into a strong upward trend at the beginning of May 2021. The aggressive move higher has however moved the share price firmly into overbought territory. Traders respecting the uptrend will look to keep a long bias to trades, although recognize that the overbought signal suggests that they may be afforded long entry at a better price. Our preference is look for entry into a pullback towards a confluence of both trendline and gap support around the 260.00 level. Only on a move below the major low at 216.20, would we reassess the uptrend bias currently prevalent. Summary Moderna results are scheduled for release on 5 August 2021 Revenue for H1 2021 of $21.779 million is expected (+74% year on year) EPS of $4.25 for H1 of 2021 are expected (vs $2.01 in H1 2020) The long-term price target (mean) for Moderna is $205.07 The long-term trend for Moderna remains up, although the share price is overbought in the near term Shaun Murison | Senior Market Analyst, Johannesburg 03 August 2021

We highlight five things that investors and traders need to know on Tuesday, 3 August. Source: Bloomberg Forex Indices Shares China United States Bond US ISM Manufacturing data hints at peak cycle After what was shaping as a strong start to the week for global equities, US ISM Manufacturing PMI data took the wind out of the sails of Wall Street overnight. The survey revealed manufacturing activity expanded by less than expected last month, with the headline figure coming in at 59.5, down from 60.8 in the month prior. Though undoubtably a strong number, and indicative of a solid economy, the progress trend lower in the indicator seems to suggest the US economy’s cycle has passed its peak. Reserve Bank of Australia (RBA) disappoints the market by keeping policy unchanged The RBA met this afternoon and disappointed market participants after opting to reverse last month’s decision to taper its QE program. Despite the potential economic risks stemming from recent Covid-19 lockdowns in Australia, the RBA opted to stick to its timeline of reducing its bond purchases from $5 billion per week, to $4 billion per week. Naturally, the AUD/USD surged following the decision as Aussie bond yields jumped, with the pair pushing above 74 cents in the hours following the decision. Source: IG charts Afterpay shares extend rally The good times have kept rolling for Afterpay Holdings Limited shareholders today, as investors continue to digest the impacts of the company’s acquisition by US payments firm Square Inc. Shares jumped by over 12% today, after Square shares rallied overnight following it released quarterly earnings. The fortune for Afterpay shares will be closely tied to that of Squares from now on, with the takeover of Afterpay being effectively paid for by a proportion of Square shares. Tencent shares tumble on China regulatory risk Tencent Holdings Ltd shares have taken a tumble, as Chinese authorities seem to turn their crusade on the private sector to the gaming industry. The company’s shares plummeted as much as 10% during Chinese trade, after state media labelled online gaming as “spiritual opium”. The move is only the latest in several by the Chinese government against its public companies, with reports also swirling around today the country’s market regulator is also launching an investigation into its auto chip distributors. Source: IG charts ASX200 After surging to fresh record highs yesterday, the Australia 200 has shed a little bit of ground today, in what’s been a far less heady session for the market. In mid-afternoon trade, the index has found itself down by 0.4%, weighed down by energy and materials stocks. The IT sector has proven the outperformer for the second day straight, thanks of course to the surging share price of Afterpay. Kyle Rodda | Market Analyst, Australia | Publication date: Tuesday 03 August 2021 16:33

Hi @GingerDT, You can try with another browser and/or clear your cache and cookies. All the best - Arvin

As Rolls-Royce gets set to report H1 results, investors will be hoping that the worst is in the past after a torrid 2020 which led to a full-year loss of almost £4 billion. IG’s Victoria Scholar looks at the chart. Source: Bloomberg Shares Roll-Royce Investor Stock Citigroup Technical analysis Rolls-Royce set to report H1 - where next for the shares? Rolls-Royce gets set to report 2021 half year (H1) results on Thursday 5 August. In March the aircraft-engine maker announced a full-year (FY) loss of almost £4 billion, swinging from a profit of £583 million in the previous year. Investors will be hoping that the worst is behind Rolls-Royce, which suffered a sharp drop in revenues during the Covid-19 pandemic. Rolls-Royce undertook a massive restructuring plan, cutting 9000 jobs and raising cash from investors through a rights issue and extra borrowing. It also sold off parts of the business worth £2 billion. According to UBS, it will 'likely be another difficult set of results'. Earnings before interest and tax (EBIT) are forecast to come in at a loss of £129 million, that’s a major improvement from last years £1.67 billion loss but remains in the red. Despite this, analysts at Citi are still optimistic on Rolls-Royce. In July the analyst team wrote the shares offer ‘significant long-term value’, providing a buy rating on the stock. Citi added, 'We do not know when the wide body market will recover, but we do believe it will. When it does, we expect Rolls-Royce to recover faster (as it has more new deliveries adding to the fleet and fewer old aircraft being retired).' Find out more on how to buy, sell and short Rolls Royce shares Source: IG charts Rolls Royce share price technical analysis After a multi-year period of declines for Rolls-Royce, October marked the start of a countermove with shares rallying more than 340% from the trough to the peak in December. However, since then, losses have come back into play with a descending trendline marked by lower lows and lower highs. Shares have given back nearly 25% since the 2020 highs, breaking below psychological round number support at 100p. Since mid-July the stock has been attempting to regain ground once again pushing back above 100p with the next resistance level in sight at the 23.6% Fibonacci retracement level at 109.65p. A break above would penetrate the descending trendline of resistance and might point to the potential for further strength. On the flip side, a break back below 100p might indicate a resumption of the long-term downtrend. Victoria Scholar | Writer, London 03 August 2021

Hi @PureGain, The only times IG will ask you for a bank statement would be to verify the source of funding o return the funds to the same source. For example if you make a card deposit, we will require you to send us a bank statement showing your card deposit to IG, if you are withdrawing more than what you deposited. Other than this we will not ask for you to show us your account balance showing income and savings. The only time further document will be required, would be due to compliance investigation. All the best - Arvin

Hi @kuprainis, Could you please send an email to helpdesk.en@ig.com with your account details and a screenshot of the market you are trying to trade. Our team will be able to clarify on the distance requirements. All the best - Arvin

Hi Gavy, You can trade our full range of share options over the phone, on 0800 409 6789. As long as there is a tradable option in the underlying, we offer all options on shares in the FTSE® 100, the DOW 30, the S&P 500, the Nasdaq 100 and some large cap Canadian and Australian stocks, as well as on a large selection of European options traded on Eurex or Euronext. What are the dealing hours of share options? Dealing hours for share options are as follows: UK share options: 08:00–16:30 (London time) American share options: 14:30–21:00 (London time)* European shares: Market hours for the relevant exchange. Please ask for current details Australian share options: 10:00-15:55 (Sydney time)* *It may sometimes not be possible to quote a particular share option if there is no price being published in the underlying market. I hope that it helps. All the best - Arvin