2022-12-16 • Updated
It is said that the 2022 holiday season will be different from the previous one. Most shops, restaurants, and entertainment places will remain open. Besides, online capabilities have improved significantly as companies have adapted to extended lockdowns. As a result, customers have a wide variety of things to do and places to go during this Christmas break. Which industries will benefit from a high-spending season? E-commerce and retail, hospitality and tourism, and those engaged in money transfer.
Amazon is the top stock in the e-commerce and retail sector. By the way, Amazon showed record revenue for the post-Thanksgiving sales period as it offered the lowest prices. Thus, we can expect that the Christmas holidays will be successful for Amazon. Besides, this company is engaged in cloud computing, digital streaming, and artificial intelligence. Moreover, Amazon is at the local lows currently. This makes this stock an attractive purchase before the holidays!
The stock of Amazon is in the lower part of the ascending channel. The nearest support level is $3350 (the 50-week moving average). In combination with the lower trend line, this support should constrain the stock from further falling. Thus, the stock is likely to reverse up soon. If it breaks above the $3500 psychological mark, Amazon will rally to the November peak of $3700!
PayPal has dropped by over 40% since the mid-summer of 2021. Why? Covid-related restrictions helped the stock of PayPal to surge above $300 as more people started using digital payments. However, PayPal began to falling from that moment, as the company missed earnings expectations for the second quarter, even though it still posted strong earnings growth.
Besides, eBay stopped working with PayPal, and it pressed the stock. However, PayPal signed a deal with Amazon to allow consumers to use PayPal's Venmo at checkout starting next year! Besides, the company has recently announced the launch of its PayPal "super app", which merges all of its services. 430 million active PayPal users and 80 million Venmo accounts are the company's most significant advantages.
PayPal is near the critical support level of $180.00. When the stock price breaks above the psychological mark of $200, the stock will run further to the 100-week moving average of $215.00 and the following round number of $250.00.
Almost everybody associates New Year with Coca-Cola. But is the stock of Coca-Cola is a good choice for investing now? Let's find out!
First, Coca-Cola revealed impressive third-quarter earnings results, which exceeded analysts' expectations. The beverage giant showed $10.04 billion in net revenue, representing a 16.1% growth rate against the year-ago period. Besides, Coca-Cola's consolidated unit volumes outrun the pre-pandemic levels! It has proved that the company has fully recovered from the negative impact of the pandemic. Moreover, Coca-Cola has a bright future of growth due to its reputation as a Dividend King with 59 consecutive years of payout increases.
Coca-Cola is just under $60 – the peak of 2020. When the stock exceeds this resistance level, the doors will be open to the following round number of $65.00 and then $70.00. Support levels are at the 50- and 100-week moving averages at $54.00 and $52.00.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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