US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
3 Christmas Stocks to Buy
2021-12-28 • Updated
It is said that the 2022 holiday season will be different from the previous one. Most shops, restaurants, and entertainment places will remain open. Besides, online capabilities have improved significantly as companies have adapted to extended lockdowns. As a result, customers have a wide variety of things to do and places to go during this Christmas break. Which industries will benefit from a high-spending season? E-commerce and retail, hospitality and tourism, and those engaged in money transfer.
Amazon: Best of the Best
Amazon is the top stock in the e-commerce and retail sector. By the way, Amazon showed record revenue for the post-Thanksgiving sales period as it offered the lowest prices. Thus, we can expect that the Christmas holidays will be successful for Amazon. Besides, this company is engaged in cloud computing, digital streaming, and artificial intelligence. Moreover, Amazon is at the local lows currently. This makes this stock an attractive purchase before the holidays!
The stock of Amazon is in the lower part of the ascending channel. The nearest support level is $3350 (the 50-week moving average). In combination with the lower trend line, this support should constrain the stock from further falling. Thus, the stock is likely to reverse up soon. If it breaks above the $3500 psychological mark, Amazon will rally to the November peak of $3700!
PayPal: Perfect Chance to Buy the Dip
PayPal has dropped by over 40% since the mid-summer of 2021. Why? Covid-related restrictions helped the stock of PayPal to surge above $300 as more people started using digital payments. However, PayPal began to falling from that moment, as the company missed earnings expectations for the second quarter, even though it still posted strong earnings growth.
Besides, eBay stopped working with PayPal, and it pressed the stock. However, PayPal signed a deal with Amazon to allow consumers to use PayPal's Venmo at checkout starting next year! Besides, the company has recently announced the launch of its PayPal "super app", which merges all of its services. 430 million active PayPal users and 80 million Venmo accounts are the company's most significant advantages.
PayPal is near the critical support level of $180.00. When the stock price breaks above the psychological mark of $200, the stock will run further to the 100-week moving average of $215.00 and the following round number of $250.00.
Coca-Cola: New Year Atmosphere
Almost everybody associates New Year with Coca-Cola. But is the stock of Coca-Cola is a good choice for investing now? Let's find out!
First, Coca-Cola revealed impressive third-quarter earnings results, which exceeded analysts' expectations. The beverage giant showed $10.04 billion in net revenue, representing a 16.1% growth rate against the year-ago period. Besides, Coca-Cola's consolidated unit volumes outrun the pre-pandemic levels! It has proved that the company has fully recovered from the negative impact of the pandemic. Moreover, Coca-Cola has a bright future of growth due to its reputation as a Dividend King with 59 consecutive years of payout increases.
Coca-Cola is just under $60 – the peak of 2020. When the stock exceeds this resistance level, the doors will be open to the following round number of $65.00 and then $70.00. Support levels are at the 50- and 100-week moving averages at $54.00 and $52.00.
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People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.