Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
DISNEY stock: legends and money
Uygurs are people of Turkic ethnicity, traditionally Muslims. Having no sovereign state, most of them live in China. In the poorest, biggest, and literally deserted part of China that is most far away from the Han people that comprise the demographic core of this country. Centuries ago, Uygurs used to rule territories as vast as Australia. Now, they are a 12-million nation contained in Xinjiang autonomous region of China. In this context, name one reason why there would be no tensions between Uygurs and the Chinese authorities. Right, there is none. Now, as the Chinese state is constantly responding to and suppressing continuous revolts and discontent among Uygurs, it is reported to keep up to 1mln of these people in “voluntary reeducation” camps in their native region. “Wait, I just want to trade, why am I reading this?”. Because Disney filmed “Mulan”, and “Mulan” is about the Chinese fighting against invaders. Where did Disney film “Mulan”? Right – in Xinjiang autonomous region of China. So do you want to trade Disney stock?
“Mulan” has been long waited for. At the same time, it was expected to have problems with sales from the very beginning due the virus in the first place. No one suspected that it may contribute to the US-China geopolitical tensions though. In any case, if the movie collects more than the market expects, it will be as surprising as boosting the price of Disney share. So far, the latter has not fully recovered from the crisis but it is gradually coming up to the pre-virus level. The area above $145 is one step away now. So watch the market trend – and watch “Mulan”. Released on Thursday, by the way.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…