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.
NETFLIX: end of fiesta
Netflix stock reached $570 a week ago. That’s the all-time high – challenged again. Failing to step over it, the stock price bounced downwards to eventually come to $523. That means, it erased all October gains and seems likely to dive lower. The most recent episode was losing $10 of value from $533 to $523 yesterday. Why?
Expectations were not met. Profits resulted lower than expected, new subscribers are coming slower than expected, everything, in general, proved to be duller than expected. It may be nothing specific to Netflix though: after the crushing experience of the first wave, the companies that were either resilient enough or benefited from the virus showed extraordinary results in Q2 against fearful projections. So investors extrapolated this performance into Q3 expecting similarly outstanding results. Which did not happen. So it is not the objective failure of Netflix to expand its business as much as the disillusionment of the market. That doesn’t mean Netflix has no problems though: it is trying to invent new ways of acquiring customers such as offering a free trial for a week for an entire country. Just as an option. In any case, be careful with this stock: it may go further downwards. Otherwise, there is plenty of room for bulls to take over: a 10% back up to the all-time resistance would be a nice gain.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
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.
The news is essential if you want to trade. Don't miss our digest, where we'll tell you about the most interesting events, happening right now.
A new trading week is coming…
News is always important part of the market. What do we expect today?