Amazon was late to report among other stocks - but it was worth waiting!
Stocks that make news this week
Nvidia: a breakdown in plans
The British government is launching a national security investigation of Nvidia’s $40-billion deal to buy British chip design house Arm from SoftBank Group. That’s a big blow to US graphics processor company.
Outlook for the stock: further consolidation and correction are likely; only the return above $640 will allow the previous uptrend to resume.
Apple took a pause
Apple unveiled new products this week. Purple iPhone and AirTags, however, did little to move the stocks. The company’s earnings report on April 28 will be much more interesting for investors.
Outlook for the stock: Apple is still good in the long-term; in the nearer time, there may be volatility, so we need to watch resistance at $138.
Philip Morris: good choice in the sector
The cigarette seller reported first-quarter profit and revenue that beat expectations. One of the reasons for the positive impact was the continued strength of IQOS, the company's smokeless products. However, the greater tobacco sector took a hit on the news that the US government plans to severely limit nicotine levels in cigarettes. This affected the company, although does not sell or market cigarettes in the US.
Outlook for the stock: short-term correction, medium-term bullish.
Coinbase: the star
The stock is available for trading in FBS Trader. By the way, Cathie Wood-led Ark Investment Management bought another 236,348 shares of cryptocurrency exchange. As cryptocurrencies seem to be on the verge of larger recognition by the regulators, the prospects of Coinbase seem very interesting.
Outlook for the stock: the stock declined to the levels around $300 in the months after the IPO, but analysts say it can be worth $400 and more.
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In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.
The main focus of traders will be on US inflation at 15:30 GMT+3. Analysts expect the huge spike of the US inflation.