2020-05-21 • Updated
Could you predict that Netflix would rise amid the coronavirus lockdown? Obviously, but if you have lost the chance to buy it, don’t miss it now! Buy these 5 stocks!
It’s the best time to consider buying stocks that will gain as the coronavirus continues and people adapt to the new reality and change their life habits. Such industries as e-commerce, streaming, online food delivery, gaming and cloud companies benefit from social distancing and stay-at-home restrictions.
The first thing that comes to mind is the biotech industry, especially companies that create vaccines. Moderna, Inc. has recently revealed successful results of its first tests on people. Its stock price surged by 20% on Monday immediately after the optimistic report. Then it contracted by 10% on Tuesday, but new positive results can push it upward again.
These stocks didn’t perform so well in 2020. The stock price of Mastercard fell down from $348to $203, when the coronavirus pandemic started. However, let’s think about it this way: people preferred paying with credit cards than cash even before the coronavirus, just because it was handier. These days people try to avoid cash as it can spread the virus. This is an important reason for the future growth. The Mastercard stock price jumped to $290 and has some upside potential.
This tech company grows no matter what. It is a member of a prestigious IBD Long-Term Leaders list, that consists of stocks that have an incredible reputation of long-term gains. Moreover, this company always implements innovations to keep on track. Their cloud-based services are in high demand amid the coronavirus lockdown as it allows companies to continue working from home. The last April report showed that earnings rose by 23% and revenues – 15%. If we look at chart, we’ll see the price had declined since the beginning of the coronavirus, but then it almost returned to its previous price level. We may see soon a pull back to 78.6% Fibonacci level, and then the price can kick off from this level and move up again. It’ll be a good entry point.
This company has benefited from the deadly pandemic more than anyone else. Amazon is all in one: e-commerce, online delivery, cloud computing and digital streaming. Its gains seem to be unstoppable. People will continue ordering products and watching movies through Amazon Prime. Companies will continue using its Amazon Web Services. However, it wasn’t enough for Amazon, it has recently entered the healthcare sector. It bought the online pharmacy and also launched Transcribe Medical that allows doctors treat patients online and make medical recordings. The company holds all the cards now, by the diversification it reduced its future risk to minimum. Amazon is best of the best for investors to buy now. Let’s look at some technical levels. The price had been rising since March 16. It set a strong upward trend. Support levels are 2356 and 2287.
If you want to know more about stocks, read "How to trade stocks with FBS?".
Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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