Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s 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.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.