Elon Buys Twitter, What’s Next?
He’s made it! Elon Musk officially bought 100% of Twitter paying $44 billion, and $54.20 per share. Probably the most influential social media network has become a private company as yesterday the board unanimously approved Elon’s offer recommending stockholders to do the same.
The world’s richest man promises to bring free speech to Twitter, and its founder Jack Dorsey trusts him.
“In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”, said Dorsey in a Tweet.
Here are the steps that might follow yesterday’s decision:
- The buyer will take a closer look at the books of Twitter, but it shouldn’t be a problem, since Elon Musk is already overpaying for the company;
- The buyout will be reviewed by regulators (probably the US Federal Trade Commission and/or European Commission), they will check if it doesn’t violate antitrust laws, but Musk doesn’t own any major media companies yet;
- The shareholders need to vote. Twitter's annual meeting is scheduled for May, so this would be the latest date this happens, it’s possible it would happen earlier;
During this process, the stocks are still going to be traded on the New York Stock Exchange, so it’s going to be interesting to see how far will the price go from the $54.20 offered by Elon Musk.
Twitter closed at $51.64 yesterday. Make sure you trade the stock today when the market opens at 15:30 UTC.
https://app.simplefx.com/instruments/TWTR.US/chart
He’s made it! Elon Musk officially bought 100% of Twitter paying $44 billion, and $54.20 per share. Probably the most influential social media network has become a private company as yesterday the board unanimously approved Elon’s offer recommending stockholders to do the same.
The world’s richest man promises to bring free speech to Twitter, and its founder Jack Dorsey trusts him.
“In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”, said Dorsey in a Tweet.
Here are the steps that might follow yesterday’s decision:
- The buyer will take a closer look at the books of Twitter, but it shouldn’t be a problem, since Elon Musk is already overpaying for the company;
- The buyout will be reviewed by regulators (probably the US Federal Trade Commission and/or European Commission), they will check if it doesn’t violate antitrust laws, but Musk doesn’t own any major media companies yet;
- The shareholders need to vote. Twitter's annual meeting is scheduled for May, so this would be the latest date this happens, it’s possible it would happen earlier;
During this process, the stocks are still going to be traded on the New York Stock Exchange, so it’s going to be interesting to see how far will the price go from the $54.20 offered by Elon Musk.
Twitter closed at $51.64 yesterday. Make sure you trade the stock today when the market opens at 15:30 UTC.
https://app.simplefx.com/instruments/TWTR.US/chart
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Microsoft Jumps 6%
The stock gained on great earnings reports that beat the expectations. Microsoft opened high and hit $286 per share today after closing at $270 on Tuesday.
The company reported Q1 earnings that went above anticipations. The revenue went up 18% year to year.
However, the price went down to $279 shortly after the opening and is hovering above $282 right now.
Do you buy or sell Microsoft?
https://app.simplefx.com/instruments/MSFT.US/chart
The stock gained on great earnings reports that beat the expectations. Microsoft opened high and hit $286 per share today after closing at $270 on Tuesday.
The company reported Q1 earnings that went above anticipations. The revenue went up 18% year to year.
However, the price went down to $279 shortly after the opening and is hovering above $282 right now.
Do you buy or sell Microsoft?
https://app.simplefx.com/instruments/MSFT.US/chart
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Meta Rockets 20%
The company published promising first-quarter results. Facebook’s active daily users rose by 30 million, and revenue by 7% year to year. Meta reported $2.72 earnings per share, higher than the expected $2.56.
On Thursday, the stock opened at $203.76 and rallied to $207.9, up 20% compared to yesterday’s close. Since then, many investors have cashed out, and Meta is trading at $194 on SimpleFX.
The current price is 44% lower than at the beginning of 2022, making Meta an exciting target for stock bulls. The price may collapse anytime as well.
Trade Meta
https://app.simplefx.com/instruments/FB.US/chart
The company published promising first-quarter results. Facebook’s active daily users rose by 30 million, and revenue by 7% year to year. Meta reported $2.72 earnings per share, higher than the expected $2.56.
On Thursday, the stock opened at $203.76 and rallied to $207.9, up 20% compared to yesterday’s close. Since then, many investors have cashed out, and Meta is trading at $194 on SimpleFX.
The current price is 44% lower than at the beginning of 2022, making Meta an exciting target for stock bulls. The price may collapse anytime as well.
Trade Meta
https://app.simplefx.com/instruments/FB.US/chart
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Alibaba Up 12%
Chinese tech companies soar as top leaders hit to boost stimulus, and investors hope for an easing of the tech crackdown.
Alibaba Group Holding soared 11.8% on the NYSE trading at $101.8, while Baidu is up 9% at $131 per share. The steep appreciation is unexpected since both companies had to slash their earnings estimates due to recent Covid Lockdowns.
These stocks have huge growth potential but are very susceptible to the geopolitical tensions between the west as well as local Chinese regulations.
Trade Alibaba
https://app.simplefx.com/instruments/BABA.US/chart
Chinese tech companies soar as top leaders hit to boost stimulus, and investors hope for an easing of the tech crackdown.
Alibaba Group Holding soared 11.8% on the NYSE trading at $101.8, while Baidu is up 9% at $131 per share. The steep appreciation is unexpected since both companies had to slash their earnings estimates due to recent Covid Lockdowns.
These stocks have huge growth potential but are very susceptible to the geopolitical tensions between the west as well as local Chinese regulations.
Trade Alibaba
https://app.simplefx.com/instruments/BABA.US/chart
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Airbus up 7.4%
On Thursday, the plane maker shares rose 7.4%, hitting 111 euros per share after Q1 results beat the expectations. The company wants to increase production rates for A320 narrow-body jets from 50 per month to 75 in 2025.
Net profit in the first quarter jumped from 460 million euros in 2021 to 1.22 billion euros in 2022.
Airbus stock has been up and down recently and took a large drop yesterday before the financial results were published.
https://app.simplefx.com/instruments/AIR.FR/chart
On Thursday, the plane maker shares rose 7.4%, hitting 111 euros per share after Q1 results beat the expectations. The company wants to increase production rates for A320 narrow-body jets from 50 per month to 75 in 2025.
Net profit in the first quarter jumped from 460 million euros in 2021 to 1.22 billion euros in 2022.
Airbus stock has been up and down recently and took a large drop yesterday before the financial results were published.
https://app.simplefx.com/instruments/AIR.FR/chart
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Coinbase -10% as Crypto Tumble
Cryptocurrency stocks are losing big in the first week of May. Bitcoin dropped 10% from $40k to $35k in just a few hours, and the selloff impacted all crypto assets.
On Friday, Coinbase's price dropped for the second day in a row and is trading around $104, while it hit a local high at $132 on Wednesday.
The cryptocurrency bear market is connected to a broader downtrend in all risky markets, triggered by inevitable rate hikes from Fed and other central banks. All major stock indices globally are losing value on Friday.
Both bulls looking for a buy-low opportunity and bears targeting further shorts should consider trading Coinbase today.
https://app.simplefx.com/instruments/COIN.US/chart
Cryptocurrency stocks are losing big in the first week of May. Bitcoin dropped 10% from $40k to $35k in just a few hours, and the selloff impacted all crypto assets.
On Friday, Coinbase's price dropped for the second day in a row and is trading around $104, while it hit a local high at $132 on Wednesday.
The cryptocurrency bear market is connected to a broader downtrend in all risky markets, triggered by inevitable rate hikes from Fed and other central banks. All major stock indices globally are losing value on Friday.
Both bulls looking for a buy-low opportunity and bears targeting further shorts should consider trading Coinbase today.
https://app.simplefx.com/instruments/COIN.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Palantir -22% on Results
What a dive! Palantir stocks fell to $7.27 on Monday as the company revealed Q1 data, which came way below expectations. The earnings hit 2 cents per share, only half of the expected 4 cents.
The data analytics software developer noted a 31% increase in revenue that hit $446 million. Palantir sells intelligence solutions used in counterterrorism and the military. The company plans to expand to healthier, energy, and manufacturing clients.
SimpleFX traders who opened short positions anytime since early April made enormous profits as the price dropped by 50%. Time to buy or sell Palantir?
https://app.simplefx.com/instruments/PLTR.US/chart
What a dive! Palantir stocks fell to $7.27 on Monday as the company revealed Q1 data, which came way below expectations. The earnings hit 2 cents per share, only half of the expected 4 cents.
The data analytics software developer noted a 31% increase in revenue that hit $446 million. Palantir sells intelligence solutions used in counterterrorism and the military. The company plans to expand to healthier, energy, and manufacturing clients.
SimpleFX traders who opened short positions anytime since early April made enormous profits as the price dropped by 50%. Time to buy or sell Palantir?
https://app.simplefx.com/instruments/PLTR.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Nasdaq Rebounds 2.92%
On Tuesday, the stock market bounced back after four consecutive days in the red. NDX100 dropped by almost 10%, but today there’s a chance it has found the bottom.
S&P 500 bounced back from a 13-month low after investors cashed in long-time profits expecting further rate hikes from Fed. The Federal Reserve needs to tighten the monetary policy until inflation is under control. Stock and crypto markets suffer.
Nvidia rebounded strongly, trading up 5.6% today, but some Nasdaq companies continue free fall. Peloton is -15.78%, and SoFi Technologies is -10.19%.
Trade Nasdaq
https://app.simplefx.com/instruments/NDX100/chart
On Tuesday, the stock market bounced back after four consecutive days in the red. NDX100 dropped by almost 10%, but today there’s a chance it has found the bottom.
S&P 500 bounced back from a 13-month low after investors cashed in long-time profits expecting further rate hikes from Fed. The Federal Reserve needs to tighten the monetary policy until inflation is under control. Stock and crypto markets suffer.
Nvidia rebounded strongly, trading up 5.6% today, but some Nasdaq companies continue free fall. Peloton is -15.78%, and SoFi Technologies is -10.19%.
Trade Nasdaq
https://app.simplefx.com/instruments/NDX100/chart
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SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
MicroStrategy -13%, Keeps Falling
The sale of cryptocurrencies continues. Bitcoin dropped to $25,967 today but quickly recovered to $28k. While it’s always risky to short crypto against devoted holders, crypto-related companies may not make it.
MicroStrategy, a business intelligence company led by Michael Saylor, owns around 129,000 bitcoins and has its value tied to the current exchange rate. Moreover, it has loans to pay. It’s a critical week for them.
Since late March, the stock fell by 70% and dropped by 59% in May, trading around $157 per share.
If we have already touched the bottom of the crypto bear market, MSTR should bounce back, and if the downtrend continues, we may witness a MicroStrategy panic sale.
Trade MSTR
https://app.simplefx.com/instruments/MSTR.US/chart
The sale of cryptocurrencies continues. Bitcoin dropped to $25,967 today but quickly recovered to $28k. While it’s always risky to short crypto against devoted holders, crypto-related companies may not make it.
MicroStrategy, a business intelligence company led by Michael Saylor, owns around 129,000 bitcoins and has its value tied to the current exchange rate. Moreover, it has loans to pay. It’s a critical week for them.
Since late March, the stock fell by 70% and dropped by 59% in May, trading around $157 per share.
If we have already touched the bottom of the crypto bear market, MSTR should bounce back, and if the downtrend continues, we may witness a MicroStrategy panic sale.
Trade MSTR
https://app.simplefx.com/instruments/MSTR.US/chart
Netflix Rebounds 18.8%
The streaming service company is going up for the third day. After falling by 76% since November 2021, and 53% in the last 30 days, the price hit rock bottom at $162.5 last Thursday. Since then, Netflix has been up 18.8%, trading around $193.
Elon Musk applauded the company tweeting: "Good move by @netflix." after Netflix updated the company culture guidelines. After the service lost 200k subscribers in Q1 2022, Musk commented, "the woke mind virus is making Netflix unwatchable."
Netflix will try to reverse the downtrend and shift the culture to make it more appealing to a broader audience. If they succeed and the stock market rebounds soon, the price may go up. The bears, however, will see an excellent opportunity to sell high one more time.
https://app.simplefx.com/instruments/NFLX.US/chart
The streaming service company is going up for the third day. After falling by 76% since November 2021, and 53% in the last 30 days, the price hit rock bottom at $162.5 last Thursday. Since then, Netflix has been up 18.8%, trading around $193.
Elon Musk applauded the company tweeting: "Good move by @netflix." after Netflix updated the company culture guidelines. After the service lost 200k subscribers in Q1 2022, Musk commented, "the woke mind virus is making Netflix unwatchable."
Netflix will try to reverse the downtrend and shift the culture to make it more appealing to a broader audience. If they succeed and the stock market rebounds soon, the price may go up. The bears, however, will see an excellent opportunity to sell high one more time.
https://app.simplefx.com/instruments/NFLX.US/chart
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Stocks Continue to Fall
Growing bond yields fuel the bear market. Big money is looking for sable interest in the most secure assets as the possibility of stagflation threatens the global economy.
European indices are finishing the day in the red. Dow Jones is -1.35%, S&P 500 -1.56%, and Nasdaq 100 is losing -1.76%.
Whether you want to buy in the bottom or short before the further collapse, now is the time to make a move. Hunt for the best or the worst performers.
Trade SPX500
https://app.simplefx.com/instruments/SPX500/chart
Growing bond yields fuel the bear market. Big money is looking for sable interest in the most secure assets as the possibility of stagflation threatens the global economy.
European indices are finishing the day in the red. Dow Jones is -1.35%, S&P 500 -1.56%, and Nasdaq 100 is losing -1.76%.
Whether you want to buy in the bottom or short before the further collapse, now is the time to make a move. Hunt for the best or the worst performers.
Trade SPX500
https://app.simplefx.com/instruments/SPX500/chart