ONLINE FOREX BROKER
Despite all the gloomy projections, the stock market left the sideways uncertainties of July and entered August on a bullish note. Currently at 3 400, the S&P is exactly where it was cut by the virus crisis. Hence, we can now state that recovery is complete. So the future is bright once again. What next? Earnings reports.
Technically, this stock has been following a stable linear upward trajectory since the beginning of the recovery in March. Hence, it would be natural to expect the same in the coming mid-term future. However, also technically, its recent leap up to the epic level of $500 puts the price considerably above the normal rising trajectory. That’s why, while being confident about the fundamentals, be careful with a possible correction back down to the uptrend’s baseline.
Fundamentally, Nvidia expects strong results in Q2. These are mostly due to the virus-caused boom in demand for gaming industry products where Nvidia is a primary player. The EPS is forecast to be $1.97, up from $1.24 in the prior-year period by observers. Nevertheless, the price for this stock has gone far beyond the most optimistic projections for a semiconductor company – which it basically is – as well as far above the dot-come bubble red-zone levels of price-to-earnings ratio…
This stock is notably volatile. Since the beginning of July, it has been stuck in a sideways channel between $268 and $242. While it is at its all-time highs, it is still seen as undervalued by many. At the same time, as an e-commerce company with a wide range of services, it is enjoying high consumer demand. Hence, with this positive fundamental background, beating financial expectations for Q2 would be a very timely boost for this stock to get in an upward trajectory again.
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.
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 situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
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