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Stock impact report

PROG and Atlanticus Holdings Stocks Trade Up, What You Need To Know [Yahoo! Finance]

Atlanticus Holdings Corporation (ATLC) 
US:NASDAQ Investor Relations: atlanticus.com/about
Company Research Source: Yahoo! Finance
The broader market rallied after President Trump announced that talks were underway to end hostilities and that he had postponed strikes against Iranian energy sites. The news sent major indices like the S&P 500 and Dow sharply higher, creating a 'risk-on' environment favorable to financial firms. For the asset management sector, which is closely tied to the performance of financial markets, the rally is a welcome tailwind. Rising equity values increase the value of assets under management (AUM), a key performance metric for these companies. The de-escalation also caused energy prices to tumble, with Brent crude oil falling more than 7%. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Specialty Finance company PROG (NYSE:PRG) jumped 4.7%. Is now the time to buy PROG? Access our full analysis report here, it's free. Personal Loan company Atlanticus Holdings (NA Show less Read more
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