When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Virgin Galactic Wins Space Race
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos. For those who don’t know, Richard Branson is the Virgin Galactic’s founder and the famous business magnate. He is the main competitor of Jeff Bezos (the ex-CEO of Amazon), the founder of another space company – Blue Origin. Both men are trying to be the one who will fly to space first. If Virgin Galactic wins this race, its stock price will skyrocket!
By the way, Jeff Bezos plans to make a flight already on July 20. It's neck and neck!
Why should you buy SPCE?
Virgin Galactic (SPCE) is probably one of those companies that have a huge potential to grow. Some analysts believe it may increase its current value 10 times. Why? The company is engaged in one of the most promising industries of the future: space tourism. Investing in space stocks today is the same thing as investing in internet stocks back in the 1990s. Think about it.
On June 25, Virgin Galactic claimed that the Federal Aviation Administration gave the company a license to fly passengers on future spaceflights, and Virgin will start sending paying passengers to the space starting from 2022.
Virgin Galactic has dropped below $44.00 after hitting the high of $57.50. However, don’t be misguided, the news came out when the stock market was closed. It will open at 16:30 GMT+3. Thus, the price is likely to open with a gap up. The breakout above $50.00 will push the stock to the next round number of $55.00 and then to $60.00. However, today the volatility will be quite high and the prices may go back and forth.
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The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.