Latest Market analysis news
Shares of Moderna (NASDAQ: MRNA) exploded 15% in pre-open Monday after the company said its Covid-19 vaccine showed 94.5% efficacy in testing. Fundamental analysis: “As good as it gets” Moderna said its coronavirus vaccine was 94.5% effective making it the second highly-efficient vaccine after the one developed by Pfizer and BioNTech. “These are obviously very exciting results,” said Dr Anthony Fauci, an immunologist and the di...
The US stock market is still supported by upbeat over the prospect of a divided Congress, Covid vaccine news and less risk of major policy changes. Pfizer and BioNTech announced that their jointly developed COVID-19 vaccine which is effective in more than 90% of the patients. Joe Biden won the presidential election and become the 46th president of the United States. Donald Trump said there is evidence of fraud in several of the deciding states th...
Farfetch (NYSE: FTCH) stock price has exploded this month to print record highs above the $50 mark. This way, shares are now up over 300% since the beginning of the year. Fundamental analysis: Sales soar Farfetch, an online luxury fashion platform, posted a loss of $537 million to beat the market’s expectations for the third quarter. The company recorded $798 million in gross merchandise volume (GMV), which is by far the highest number reac...
The price of crude oil has advanced above $43 last trading week and the current price stands around $40. Crude oil remains under the pressure by growing fears that new restrictive measures could significantly reduce demand for oil. Fundamental analysis: Rising COVID-19 cases could add another pressure to the price of oil Oil price finished the week above $40 but continue to seesaw between covid concerns and vaccine hopes. It is important to say t...
The price of gold weakened this past week on Covid vaccine optimism and finished the week below $1900. Pfizer and BioNTech announced that their jointly developed COVID-19 vaccine which is effective in more than 90% of the patients. Fundamental analysis: Gold price is still supported by uncertainty over the global economic future Gold is considered a safe-haven asset and the price of gold has weakened as Pfizer announced that it will have a corona...
BMW (OTC: BMWYY) stock has advanced from $22.4 to $28 in less than three weeks and the current price stands around $27.9. Shares of BMW could be a good investment option and most financial analysts are also expecting its price to rise considerably in the next several years. Fundamental analysis: BMW has launched the iX that will be the automaker’s new technology flagship Bayerische Motoren Werke AG, also known as BMW, is a German multinatio...
Litecoin (LTC) price is trading more than 12% higher this month as the bulls attempt to break the key resistance in the short-term. Fundamental analysis: Paypal’s new crypto update will allow trading of BTC, ETH, BCH and Litecoin in the U.S. Paypal’s latest update will allow trading and holding of several cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The payments services provider has been testing its crypto featu...
Shares of Siemens AG (ETR: SIE) rotated lower in the second part of the last week after the company presented a cautious outlook amid the coronavirus-related uncertainty. Fundamental analysis: Profit soars Siemens posted a net profit of 1.9 billion euros ($2.24 billion) in Q4, 28% higher than in the same period last year, thanks to the spin-off of its energy business Siemens Energy. Still, negative currency translations he...
Cosmos (ATOM) price has weakened from $8.7 below $4 in less than three months and the current price stands around $5. There is still a level of uncertainty surrounding the Cosmos project but if the price jumps again above $6 the next target could be located at $7 or even $8. Fundamental analysis: There is still a level of uncertainty Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms. B...
NEO has weakened from $19.2 below $13.5 in less than thirty days and the current price stands around $15.4. The price of Neo (NEO) is still far away from the NEO price predictions but if the price jumps above $16.5 that could be a very good opportunity for the short-term traders. Fundamental analysis: One of the Chinese government’s favorite cryptocurrencies NEO price extended its correction from the recent highs above $19.2, registered in the th...
PotCoin (POT) price has advanced from $0.0050 above $0.012 in less than five days and the current price stands around $0.0069. There is still a level of uncertainty surrounding the PotCoin project but if the price jumps again above $0.0080 the next target could be located at $0.0090 or even $0.010. Fundamental analysis: There is still a level of uncertainty PotCoin is a digital cryptocurrency solution for the global cannabis industry which can be...
U.S. Treasury yields are trading in a volatile manner amid fluid COVID-19 situations worldwide. The 10-year yield declined yesterday on the constant resurgence in coronavirus cases, but recovered today. Fundamental analysis: New single-day record in daily infections As many as 144,000 new COVID-19 cases were registered on Wednesday, setting a single-day record and driving the seven-day average to 127,603, 35% up compared to the week ago. Followin...
Bitcoin enjoyed an impressive bull rally over the past month that saw its price rise to nearly $16,000 on November 6th. Although the upward pressure seems to have cooled off in the last few days, the rising demand among institutional investors suggests greener pastures ahead. The buying pressure behind Bitcoin skyrockets A new wave of billionaires appears to be flocking the cryptocurrency market as faith in the traditional monetary system fades....
This stock has been one of the market’s biggest winners in the last several months. The price of Nike (NYSE: NKE) stock has advanced from $86 above $130 in less than six months and the current price stands around $126. Fundamental analysis: The risk/reward ratio is not good currently for the long-term investors Nike shares have been moving in an uptrend last several months and for now, there is no signal of the trend reversal. Nike is an Am...
Shares of Foxconn Tech (TAI: 2354) are trading about 2% higher this week on a strong outlook for the new iPhone 12 for the holiday quarter. Fundamental analysis: Strong demand for new iPhone 12 Foxconn reported a net profit of T$30.8 billion ($1.08 billion) in the quarter between July and September, compared to T$30.7 billion a year ago and beating the consensus estimates of T$28.61 billion. The company’s plan to inject $10 billion into the state...
Vodafone (NASDAQ: VOD) shares have advanced from $13.3 above $15.7 in less than three weeks and the current price stands around $15.4. The technical picture implies that the price may advance even more this November but there are also some obvious risks when it comes to buying Vodafone shares. Fundamental analysis: Vodafone is positioned to weather the COVID-related storms Vodafone shares have been moving in an uptrend last several days and for n...
Shares of Tencent Holdings (HKG: 0700) gained 4.7% today to recover a portion of losses after the Chinese tech giant posted a profit of growth of nearly 90%. Fundamental analysis: Another monster quarter Tencent posted an 89% profit growth in the third quarter, thanks to its flagship game Honour of Kings and strong advertising results which helped it outstrip consensus estimates and send its shares surging. The gaming and social media behemoth th...
The price of Dash (DASH) has been moving in an uptrend last several days and for now, there is no signal of the trend reversal. There is still a level of uncertainty surrounding the Dash project but if the price jumps above $80 the next target could be located at $85 or even $90. Fundamental analysis: Dash solves two of Bitcoin’s biggest problems Dash is a cryptocurrency that was released in early 2014 under the original name of DarkCoin (DRK). D...
Nem (XEM) price is up around 35% in November as buyers continue to erase losses from September and October. Fundamental analysis: NEM teams up with MyContainer to provide staking options NEM said it teamed up with the staking service provider MyContainer, a new strategic partnership that will allow NEM to offer more accessible staking options to its customers. With the new partnership, NEM will seek for new opportunities that will help improve th...
The International Energy Agency (IEA) and OPEC both cut the global demand for oil products amid the surging number of new COVID-19 infections. Fundamental analysis: The rebound fading The IEA cut its global oil demand outlook for this year as it is highly unlikely that COVID-19 will have a meaningful impact this year, as well as beginning of the next year. The Agency now projects global oil demand to fall by 8.8 million barrels per da...
Bank of America (NYSE: BAC) shares have advanced from $23.2 above $28 in less than five days and the current price stands around $27.3. The technical picture implies that the price may advance above $30 this November but there are also some obvious risks when it comes to buying Bank of America shares. Fundamental analysis: Bank of America is a stable bank with a good position on the market Bank of America shares have been moving in an uptrend las...
AT&T (NYSE: T) shares have been moving in an uptrend last two weeks and for now, there is no signal of the trend reversal. Drugmaker Pfizer announced that it could have a coronavirus vaccine ready in the United States by the end of this year and this adds further support to AT&T stock. Fundamental analysis: The current dividend makes AT&T one of the steadier players in the region AT&T Inc. is handling the coronavirus threat very w...
Shares of Alibaba (NYSE: BABA) crashed nearly 10% in Hong Kong overnight amid growing concerns of China’s ongoing crackdown on tech titans. Fundamental analysis: New guidelines introduced The official Beijing yesterday introduced a set of guidelines with an aim to limit the power of the biggest tech companies, including Alibaba, Tencent, Xiaomi, JD.com, Meituan, etc. This move has created a havoc in the tech sector sending tech stocks crash...
Shares of Beyond Meat (NYSE: BYND) crashed this week after the company reported worse-than-anticipated sales on Monday. Fundamental analysis: “Shockingly weak” numbers Beyond Meat posted a sharp loss for the quarter due to a decline in demand for the company’s plant-based meat at restaurants and stores. The company reported a loss of $0.28 a share excluding items, compared to consensus estimates of a $0.05 profit. Credit Suisse analyst Robert Mos...
Vanguard S&P 500 ETF is expected to continue to be supported over the long-run and could actually accelerate to the upside this November if the global situation stabilizes. Drugmaker Pfizer announced that it could have a coronavirus vaccine ready in the United States by the end of this year. Fundamental analysis: Vanguard 500 is expected to continue to be supported over the long-run Vanguard tracks the S&P 500 and has an excellent reputat...