Stock Market Surges on Encouraging Profits and Anticipation of Russia-Ukraine Conflict Resolution
Plus500, a well-regulated and user-friendly futures trading platform, has been gaining popularity among traders, particularly beginners and US traders. The platform offers a web-based platform and mobile app with a straightforward interface, good demo accounts, and educational content. Although it lacks some advanced tools favored by active traders, it provides a diverse range of markets to trade futures contracts on.
Asset Range and Examples
Plus500 offers around 60+ futures contracts across various categories. These include commodities like micro gold and micro Eurodollar, major equity indices such as the Micro E-mini S&P 500, Dow Jones, NASDAQ, Russell 2000, Nikkei (NIK), and Midcaps, as well as cryptocurrencies like micro Bitcoin, micro Ether, XRP, Solana, and more.
Regulatory Status and Fees
Plus500 is CFTC/NFA regulated for US traders, ensuring a secure trading environment. The platform also offers low futures fees and no platform or routing fees, making it a cost-effective option for traders.
User Focus and Market Share Growth
The platform is ideal for traders prioritizing simplicity and low fees rather than highly advanced trading features. Plus500's futures now account for roughly 13% of its total revenue, showing strong growth beyond CFDs into futures and shares trading.
As the market continues to evolve, Plus500 is poised to offer a cost-effective, regulated, and diverse futures trading experience to traders seeking a user-friendly platform.
In other market news:
- Monster Beverage is up more than +7% after beating Q2 EPS estimates.
- Goodyear Tire & Rubber (GT) reports an unexpected Q2 loss per share of -17 cents versus expectations of a +19 cent profit.
- Trade Desk (TTD) reports Q2 adjusted EPS of 41 cents, considered underwhelming by several analysts.
- GoDaddy (GDDY) reports Q2 revenue of $1.20 billion, below the consensus of $1.21 billion.
- Trade Desk is down more than -38% after giving an outlook that analysts said was underwhelming.
- Twilio (TWLO) forecasts Q3 adjusted EPS of $1.01-$1.06, weaker than the consensus of $1.14.
- September E-mini S&P futures and Nasdaq 100 Index are posting gains, with the Nasdaq 100 reaching a new record high.
- Microchip Technology (MCHP) forecasts Q2 net sales of $1.11 billion-$1.15 billion, considered disappointing by analysts.
- Expedia Group is up more than +4% after reporting better-than-expected Q2 EPS and raising its full-year forecast.
- President Trump announced that he will double tariffs on US imports from India to 50% due to India's purchases of Russian oil.
- The chances of a Fed rate cut at the September FOMC meeting have risen to 91% from 40%.
- Gilead Sciences is up more than +8% after reporting Q2 product sales of $7.05 billion, above the consensus of $6.94 billion, and raising its full-year product sales forecast.
- European government bond yields are moving higher, with the 10-year German bund yield up +5.5 bp to 2.685% and the 10-year UK gilt yield up +5.0 bp to 4.507%.
- Tesla (TSLA) granted a rideshare permit in Texas for operating its robotaxi service.
- Pinterest (PINS) reports Q2 adjusted EPS of 33 cents, below the consensus of 36 cents.
- Maplebear (CART) reports Q2 gross transaction value of $9.08 billion, above the consensus of $8.94 billion, and forecasts Q3 gross transaction value.
- Upcoming earnings reports: Freedom Holding Corp/NV (FRHC), Lamar Advertising Co (LAMR), Liberty Media Corp-Liberty Live (LLYVA), Skechers USA Inc (SKX), Sotera Health Co (SHC), Tempus AI Inc (TEM), Under Armour Inc (UAA), Wendy's Co/The (WEN).
- Sweetgreen (SG) reports a Q2 EPS loss of -20 cents, wider than the consensus of -13 cents, and cuts its full-year same-store sales forecast.
- Gen Digital is up more than +10% after reporting Q1 revenue of $1.26 billion, stronger than the consensus of $1.19 billion, and forecasting full-year revenue of $4.80-$4.90 billion.
- President Trump announced a 100% tariff on semiconductor imports, with exemptions for companies building their products in the US.
- Live Nation Entertainment (LYV) reports Q2 revenue of $7.01 billion, above the consensus of $6.89 billion.
- Tempus AI (TEM) reports Q2 net revenue of $314.6 million, stronger than the consensus of $297.7 million.
- Swaps are discounting the chances at 9% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
- Microchip Technology is down more than -4% after pausing most factory expansions and cutting its full-year capital expenditures.
Plus500's offerings in finance stretch across various categories, including commodities, major equity indices, and cryptocurrencies, enabling traders to diversify their portfolios. The platform's low futures fees and regulatory compliance by the CFTC/NFA make it a cost-effective and secure platform for users prioritizing simplicity and minimal fees.
