ONLINE FOREX BROKER
2021-05-27 • Updated
While growth stocks have stepped back in the first quarter of 2021, cyclical stocks have come to the fore. The term ‘cyclical’ refers to a stock in which business generally follows the economic cycle of growth and recession. In other words, cyclical stocks are rising in times of economic expansion but falling during recessions and market instability. Indeed, stocks involved in such sectors as technology, e-commerce, online shopping, and streaming services skyrocketed amid the long Covid-19 lockdowns, but have already started falling amid ongoing recovery.
The travel and hospitality industries have been hit hard by social distancing restrictions amid the pandemic. Since the constraints are easing, people are more willing and able to spend money on traveling. Thus, such stocks as Booking, TripAdvisor, Royal Caribbean, and Carnival are edging higher.
For instance, you can trade TripAdvisor in our app FBS Trader. It is getting closer to the high of March 4 at $55.00. If it manages to break it, the way up to the next round number of $60.00 will be clear. Support levels are at the recent lows of $50.00 and $47.50.
Automakers tend to fall during recessions as consumers save money and keep their old vehicles instead of buying new ones. In opposite, people are more motivated to buy new cars during expansion. Therefore, such stocks as Ford, General Motors, and Ferrari are likely to jump in 2021.
If General Motors manages to break through the resistance of $57.00, the dorrs to the psychological level of $60.00 will be open. Support levels are $50.00 and $45.50.
Banks are usually losing their profits during recessions. Most people stop taking mortgages, and loans or even struggle to pay their debts. Besides, interest rates tend to fall before and during recessions, as a result, banks’ profit margins decline. JPMorgan, Goldman Sachs, and Bank of America should rise in 2021 amid the global economic recovery.
JPMorgan is climbing up and up. If bulls keep momentum, it may reach the next round number of $160.00. Support levels are the low of February 26 at $147.00 and the low of February 11 at $140.00.
Remember that with FBS you can make both buy and sell trades. Thus, traders have a chance to profit in case of either outcome!
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More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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