ONLINE FOREX BROKER
2022-08-30 • Updated
3960 is an all-time high and a four-week high for the S&P. The index is challenging this resistance currently, and it’s not yet clear whether it’s going to cross it or will bounce downwards instead. Very likely, it will hang in there for a while as the first bullish attempt to cross it was reversed forcing the S&P to drop to above 3900. That means bulls don’t have enough momentum to make a one-leap march towards 4000 – optimism needs more time to move the index through to the next all-time high.
Fundamentally, Apple is on the brink of opening a whole new market for itself. As it’s marching into the EV-production industry together with Hyundai-KIA, millions and billions of sales profits are just around the corner for the IT-giant. That said, currently, it trades at local lows of $116. Together, both statements make this stock a potentially very worthy buy right now.
Nike is at its all-time highs. Although it ceded the gains dropping a few dollars from the mark of $147, strategically, it’s around the highest point it has ever traded. On Thursday, it will report its quarterly earnings for the fiscal quarter ending February 2021. If the figures are impressive – which they very likely are, given that the reported quarter includes holiday season – the stock will likely make a break through the current resistance to make a new all-time high. Therefore, it potentially present a very handy buy opportunity.
The famous EV-maker has a couple of problems now. First, there was a fire at one of the plants. It was put way, obviously, but sometimes, we get a feeling that important fundamentals are not properly addressed in Tesla business, don’t we? Second, one of Tesla investors sued Elon Musk for violating the SEC settlement with one of his tweets. Not just one, in fact – most of them are pretty vague – but the one suggesting that Tesla stock was “too high” particularly made investors worry about the shrinking value of the stock resulting from the tweet. Finally, upbeat economic outlook presses on growth stocks like Tesla indirectly through higher rates and yields. Therefore, the local stop at the round resistance of $700 makes Tesla quite suspicious. Wait a while and give it some time to act more decisively before you make a decision to open a position on it. However, if an uptrend starts forming, it may result to be a very impressive gain: from the current $700 to $900, it's more than 25% of potential rise.
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.
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.
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!
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