Online Forex broker
This summer saw Moderna’s stock price go from $55 in June up to $95 in July just to come back to the same $55. In the meantime, Pfizer failed to break the resistance of $39 that has been capping its moves since the virus crisis has started. Currently, it trades below $36. The third in the competition for the vaccine is Novavax – fell from $187 in August to below $87 currently.
As you can see, all three experienced a similar surge in the middle of summer and then dropped to where they currently are. Why? Unclear sales projections. As the vaccines are coming closer to their completion stages with Moderna, Pfizer, and Novavax, these companies realize that not only they will be competing against each other but smaller contractors as well. In addition to that, none of them is sure that the political pressure will be taken out of the game to push one vaccine against the other to the public. Hence, although the first company to have an approved vaccine will see its stock price surge, bulls’ advances may be limited by alternative candidates. But who will it be? Follow the news with us.
Tesla split the stock recently, so we no longer see prices like $1 500 – so far… In addition to that, the recent plunge of the tech sector of the S&P made it fall from $500 to the current ranges of $330-340. While the famous creation of Elon Musk is pressing on the sales of its Cybertruck, its competitors seem to be grouping up to give it a fight back.
General Motors recently announced that it was taking a chunky $2mln share in an electric car startup Nicola (exactly, Nicola Tesla it was - unsurprisingly). That made its stock surge from the depths of $20 range to the current $33 – full restoration to the pre-virus levels, in other words. That’s a very handy move for this stock as it has been far from a stable growth trajectory during the recent years. Will Tesla withstand the approaching competition? We will see it very soon.
As the S&P’s tech sector plunged recently, Apple dropped from $138 to almost $112. Quite an unseen fall but pretty much within the industry. In fact, it looks more like a due correction from an unreasonable hype at the heights of above $130 into the normal uptrend established since March.
In fact, September 15 will see another yearly presentation by Apple. If the announcement of new products goes beyond what the market expected, the stock may surge again. For this reason, let the price calm down for a while and let’s see what Apple has to present – very likely, we will see $138 crossed quite soon.
In line with these observations, we are trying to keep you updated with the latest analytics, as well as give you the fundamentals of trading stocks and short-cuts of different trade strategies. Also, pay attention to the specifics of different stocks – you will find them all in specifications.
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 US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
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.
|
