SimpleFX Market News
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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
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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
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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
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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
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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
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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
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
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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
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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
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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
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Stock of the Day: LVMH

LVMH Moët Hennessy - Louis Vuitton is a luxury good holding from Paris. The stock has been down 25% in 2022 despite great Q1 results. The revenue went up 23%, and every segment grew better than expected (apart from Wine and Spirits). Fashion and leather goods rose 30% year to year, 8% above expectations.

If you are looking for an inflation-proof company that may rebound strongly when the panic equity sell-off stops, LVMH is an intriguing choice.

Until that happens, enjoy margin trading during the high volatility. The stock is -4.88% in the last two days of trading.

Only until May 31, you can trade LVMH:
- half of the usually required margin
- free daily swaps

Double your profit for free!
https://app.simplefx.com/instruments/MC.FR/chart