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
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
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
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.
Stock of the Day: Autodesk
The architecture and engineering software developer outperforms its competitors during the Thursday trading session and is up 2.44%.
The stock dropped from $285 in January to $175 on May 12. Today it’s already trading at $193.
Only until May 31, you can trade Autodesk:
- half of the usually required margin
- free daily swaps
Double your profit for free!
https://app.simplefx.com/instruments/MC.FR/chart
The architecture and engineering software developer outperforms its competitors during the Thursday trading session and is up 2.44%.
The stock dropped from $285 in January to $175 on May 12. Today it’s already trading at $193.
Only until May 31, you can trade Autodesk:
- half of the usually required margin
- free daily swaps
Double your profit for free!
https://app.simplefx.com/instruments/MC.FR/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.
Snap -30% in after-hours
Get ready for Snap Inc. trading when NYSE opens at 15:30 UTC today. The stock crashed 30% from $22.4 to $15.5 yesterday after-hours trading.
The owner of the Snapchat app stated they would probably miss the Q2 estimates for EBITDA and revenue due to challenging macroeconomic conditions.
Snap expected Q2 revenue to grow somewhere between 20% and 25% year-to-year in earlier filings.
Snapchat’s price has been down 73% since ATH in September 2021. It may fall even lower today, but the bottom line is somewhere there. Do you buy or sell?
Get ready to trade Snap!
https://app.simplefx.com/instruments/SNAP.US/chart
Get ready for Snap Inc. trading when NYSE opens at 15:30 UTC today. The stock crashed 30% from $22.4 to $15.5 yesterday after-hours trading.
The owner of the Snapchat app stated they would probably miss the Q2 estimates for EBITDA and revenue due to challenging macroeconomic conditions.
Snap expected Q2 revenue to grow somewhere between 20% and 25% year-to-year in earlier filings.
Snapchat’s price has been down 73% since ATH in September 2021. It may fall even lower today, but the bottom line is somewhere there. Do you buy or sell?
Get ready to trade Snap!
https://app.simplefx.com/instruments/SNAP.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.
Turkish Lira Dive Continues
USDTRY is up 2.33% today, as the lira hit the lowest point since December. USD has been appreciating against the Turkish currency in May gaining 12% in the last 20 days.
Markets see that the central bank’s reserves used to protect the currency are exposed. The Turkish lira is one of the worst performers in the emerging markets this year, which doesn’t help protect the exchange rate and Turkish people's savings.
Trade USDTRY, but keep a close eye on the news, as the price may be influenced by future moves of the Turkish central bank.
Go to USDTRY
https://app.simplefx.com/instruments/USDTRY/chart
USDTRY is up 2.33% today, as the lira hit the lowest point since December. USD has been appreciating against the Turkish currency in May gaining 12% in the last 20 days.
Markets see that the central bank’s reserves used to protect the currency are exposed. The Turkish lira is one of the worst performers in the emerging markets this year, which doesn’t help protect the exchange rate and Turkish people's savings.
Trade USDTRY, but keep a close eye on the news, as the price may be influenced by future moves of the Turkish central bank.
Go to USDTRY
https://app.simplefx.com/instruments/USDTRY/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.
Alibaba +4.7% Premarket
The US-listed shares of the Chinese e-commerce giant went up 4.7% on the Nasdaq pre-market session as the company has beaten revenue and earnings expectations.
The Q1 results are a great success achieved despite new COVID-19 cases and lockdowns. The commerce revenue grew 8% year to year.
Alibaba's stock price has been up and down recently, almost 20% in May.
Make sure you trade Alibaba when Nasdaq trading opens in less than 30 minutes.
https://app.simplefx.com/instruments/BABA.US/chart
The US-listed shares of the Chinese e-commerce giant went up 4.7% on the Nasdaq pre-market session as the company has beaten revenue and earnings expectations.
The Q1 results are a great success achieved despite new COVID-19 cases and lockdowns. The commerce revenue grew 8% year to year.
Alibaba's stock price has been up and down recently, almost 20% in May.
Make sure you trade Alibaba when Nasdaq trading opens in less than 30 minutes.
https://app.simplefx.com/instruments/BABA.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 100 Rallies
NDX100 is up 2.47% today and has already gained 6.22% in the last three trading days. Have we reached the bottom?
Tech stocks are rallying after April US customer spending data was released, going up 0.9%, above the expectations of 0.7%.
On the other hand, the PCE Price Index, one of the key inflation indicators used by the Fed, climbed by 0.3% month-to-month, precisely as expected.
There are many value stocks as well as growth stocks on Nasdaq. Coinbase is up 9% today.
Trade Nasdaq 100
https://app.simplefx.com/instruments/NDX100/chart
NDX100 is up 2.47% today and has already gained 6.22% in the last three trading days. Have we reached the bottom?
Tech stocks are rallying after April US customer spending data was released, going up 0.9%, above the expectations of 0.7%.
On the other hand, the PCE Price Index, one of the key inflation indicators used by the Fed, climbed by 0.3% month-to-month, precisely as expected.
There are many value stocks as well as growth stocks on Nasdaq. Coinbase is up 9% today.
Trade Nasdaq 100
https://app.simplefx.com/instruments/NDX100/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.
ADAUSD Up 13%
Cryptocurrency markets benefit from the US stock exchanges being closed on Memorial Day. Bitcoin is up 4.7%, and Ethereum is 6.21%. Cardano shines, going up 13% today, as the network has reached a milestone of minting over 5 million NFTs.
Crypto bears would see it as an opportunity to sell, but bulls should hurry up, as we might have seen a bottom 15-month bottom on BTCUSD in May.
You can trade ADAUSD with up to 20x leverage on SimpleFX.
https://app.simplefx.com/instruments/ADAUSD/chart
Cryptocurrency markets benefit from the US stock exchanges being closed on Memorial Day. Bitcoin is up 4.7%, and Ethereum is 6.21%. Cardano shines, going up 13% today, as the network has reached a milestone of minting over 5 million NFTs.
Crypto bears would see it as an opportunity to sell, but bulls should hurry up, as we might have seen a bottom 15-month bottom on BTCUSD in May.
You can trade ADAUSD with up to 20x leverage on SimpleFX.
https://app.simplefx.com/instruments/ADAUSD/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.