ONLINE FOREX BROKER
Tesla stock surged by more than 20% on Monday and closed at $780. Analyst at Argus Research increased forecast for Tesla to $808 citing continued revenue growth from the legacy Model S and Model X, as well as strong demand for the new Model 3. The company’s quarterly earnings surpassed expectations and it set a goal to “comfortably” sell more than 500,000 vehicles this year. Moreover, Tesla reported that production of its next vehicle, a compact SUV called the Model Y, was ahead of schedule.
Although usually, the price tends to correct down after an extensive growth like that, it might be difficult to pinpoint the exact moment when investors decide to take a breath making the buying frenzy pause. The level of $800 is a psychologically attractive number and may draw the price to it. Here some players may succumb to profit taking. At the same time, earlier, the level of $700 also looked like an impressive obstacle and yet it has failed to stop the carmaker’s surge. So, will it be too bold to say that the stock is targeting $1000? Probably yes, but remember that everything is possible in the market and Elon Musk may be a kind of wizard after all.
Alphabet Inc., the parent company of Google, has delivered its earnings report. The financial numbers for Q4 disappointed: the Q4 revenue was $790 million less the forecast mainly because of weak hardware sales. However, the dip of the price was only temporary. The giant’s core segments are doing very well, so buyers quickly rushed in to pick up the stock. Google’s overall revenue increased by 19% in 2019 to $162 billion compared to $137 billion in 2018 – isn’t that impressive?
One of the major changes what that Google has revealed the YouTube revenue, which used to be a top secret before. It turned out that the video site brought in $15 billion last year. That’s below analysts’ estimated that went from $16 billion to $25 billion. Still, no one has any doubts that YouTube is going to bring plenty of cash in the future. That’s why the stock keeps performing so well.
There are more stocks that will make big moves this week, so follow the news.
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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
