ONLINE FOREX BROKER
2023-03-08 • Updated
Traders often ask “how do I know the right moment to buy”. A local low in a large uptrend – that’s when you buy. Pfizer’s stock price performance gives a perfect example on the daily chart below.
Here is how the story goes. At the end of 2020, Pfizer resulted to be the main vaccine producer. Its stock soared above $40 – twice. After that, it dropped to the area at $36 undoing all the gains. Why?
First, the market stopped being emotional. Having a vaccine is perfect but it doesn’t solve the problem of the virus – not yet.
Second, Pfizer’s CEO said the earnings in 2021 are probably going to be less than expected. The market got disappointment, the price cooled off. Standard story.
Nevertheless, in the long run, the company seems to be a good bet. At least, from the commercial point of view: it’s planning to increase the production of the vaccine to meet demand. That makes it a potentially good buy, in general.
Therefore, there are valid reasons to expect this stock to get up to $43 again. When? Extending the trend below says a couple of months may take it. It may be sooner, of course, but you don’t go with optimistic projections all the time, do you?
Don't know how to trade stocks? Here are some simple steps.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
