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.
Baidu Jumps After Earnings
The search engine stock is up 4.53% today, and 24.43% in the last trading days on NASDAQ.
Baidu's Q1 earnings came more than double the expectations. One of the reasons was successful cost-cutting. The company’s situation is tricky since, in the short term, the results will be pressured by COVID-19, but in the long run, the AI Cloud business of Baidu looks promising.
Additionally, the tech stock will be highly volatile depending on the macroeconomic conditions. Both buying now and shorting could be great strategies. One thing is sure. It’s a great moment to trade Baidu.
Trade Baidu
https://app.simplefx.com/instruments/BIDU.US/chart
The search engine stock is up 4.53% today, and 24.43% in the last trading days on NASDAQ.
Baidu's Q1 earnings came more than double the expectations. One of the reasons was successful cost-cutting. The company’s situation is tricky since, in the short term, the results will be pressured by COVID-19, but in the long run, the AI Cloud business of Baidu looks promising.
Additionally, the tech stock will be highly volatile depending on the macroeconomic conditions. Both buying now and shorting could be great strategies. One thing is sure. It’s a great moment to trade Baidu.
Trade Baidu
https://app.simplefx.com/instruments/BIDU.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.
Eurozone inflation has just hit 8.1%. That's the highest in history!
You need to invest your money in stocks, crypto, commodities to reach get a higher return to beat the inflation!
You need to invest your money in stocks, crypto, commodities to reach get a higher return to beat the inflation!
L’Oreal Up 3.44%
Stocks in Europe bounced back on Thursday after a bad start to the week. Industrial and luxury companies are driving the indices.
L’Oreal has gone up 3.44% today, and 8.6% over the last 7 days, trading over 332 euros per share. Luxury stocks are historically performing well during economic downturns.
https://app.simplefx.com/instruments/OR.FR/chart
Stocks in Europe bounced back on Thursday after a bad start to the week. Industrial and luxury companies are driving the indices.
L’Oreal has gone up 3.44% today, and 8.6% over the last 7 days, trading over 332 euros per share. Luxury stocks are historically performing well during economic downturns.
https://app.simplefx.com/instruments/OR.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.
Oil Soars Despite OPEC to Increase Output
WTI Crude Oil is up 3.8% and Brent Crude Oil 3.44% on SimpleFX. Sources say Saudi Arabia and other OPEC countries could increase production to make up for a supply drop caused by sanctions on Russia.
Such a move would likely lower the skyrocketing prices. Will it drop when the OPEC agreement is official? According to unconfirmed sources, OPEC+ could raise production by 650,000 barrels per day in July and August, faster than the original increase of 432,000 bpd.
Trade USOIL
https://app.simplefx.com/instruments/USOIL/chart
WTI Crude Oil is up 3.8% and Brent Crude Oil 3.44% on SimpleFX. Sources say Saudi Arabia and other OPEC countries could increase production to make up for a supply drop caused by sanctions on Russia.
Such a move would likely lower the skyrocketing prices. Will it drop when the OPEC agreement is official? According to unconfirmed sources, OPEC+ could raise production by 650,000 barrels per day in July and August, faster than the original increase of 432,000 bpd.
Trade USOIL
https://app.simplefx.com/instruments/USOIL/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.