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.
Virgin galactic: Buy When Everybody Sell
2022-12-15 • Updated
Latest news
On September 29, Virgin Galactic announced the Federal Aviation Administration approved launches resume. The FAA investigated the reasons why the spaceship veered off course while descending during a July flight with founder Richard Branson aboard. FAA approved corrective actions proposed by Virgin Galactic.
Virgin Galactic said it would incorporate additional steps in its flight procedures to ensure real-time mission notifications to FAA air traffic control.
On October 14, Virgin Galactic announced that it would begin its planned enhancement program for VMS Eve and VSS Unity and would conduct the Unity 23 test flight after this work is complete.
The enhancement program is designed to improve vehicle performance and flight-rate capability for VMS Eve and VSS Unity.
Why it is important?
Virgin Galactic stocks have always been highly volatile. For the past several months investors have been paying attention to the company’s workflow. The volatility fell extremely low and usually at these moments big players start gaining their positions.
According to Webull.com, some big players are buying Virgin Galactic’s stocks while the price is going down. Insiders might know some information that is not available for a regular user. That’s why it is important to use technical analysis to find such moments and buy stocks before the news gets announced.
Technical analysis
Weekly chart
If we look at the weekly chart, we can notice that there is a strong support trend line, which has been holding the price since November 2019. The price might break through this line, but it should not close a weekly candle below it. If it does, the bearish sentiment will be confirmed and the price might drop as low as $9.5.
Right now the buy zone is between $15.5 and $17.3. If the price reaches these levels buyers will get activated and huge volatility is expected that’s why the best option is to set your orders beforehand.
Targets for an upcoming movement are $21.5, $24.5, $33.
Similar
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
Latest news
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...