2023-03-08 • Updated
A new Covid-19 variant has been found in South Africa and Botswana. The World Health Organization named it ‘omicron’ and added it to the variants of concern. Many countries have closed their borders for travellers from South Africa amid concerns that omicron can trigger another Covid-19 resurgence.
Researchers don’t know for sure yet whether the current vaccines are sufficiently effective against omicron or not. Investors concern that it may slow down the reopening of economies and force central banks to switch back to the dovish policy.
On Friday, markets fell sharply on news of a new coronavirus variant detected in South Africa that might pause the global economic recovery.
With the market uncertainty and possible travel restrictions, it’s a good idea to brush off the list of companies that outperformed their peers amid the pandemic last year. Let’s then do it!
Amazon (AMZN), eBay (EBAY), and Walmart (WMT) can gain from both the return of Covid-19 restrictions and the upcoming New Year holidays.
Companies with solid balance sheets and regular dividend payments will grow no matter what: with or without Covid. Among them are Microsoft and Google (Alphabet).
Biotech companies whose vaccines show the best efficacy against the new mutations of the virus will win. For example, Moderna has already announced that an omicron variant vaccine could be ready in early 2022! Will we see it at $400 soon again?
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
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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