VW Dives -4.27% After Sacking CEO
Volkswagen stock has lost 9.6% in the last four days trading at €129 per share. On Friday, VW fired its CEO Herbert Diess. The main reasons are ongoing issues with carmakers' software and conflict with the Porsche and Piech families.
The new boss of the second-largest carmaker is yet to be nominated. If you believe in VW in the long run, now may be a good time to buy low. If you think the troubles of German manufacturing have just begun, VW is an excellent company to trade with.
Trade VW now
https://app.simplefx.com/instruments/VOW.DE/chart
Volkswagen stock has lost 9.6% in the last four days trading at €129 per share. On Friday, VW fired its CEO Herbert Diess. The main reasons are ongoing issues with carmakers' software and conflict with the Porsche and Piech families.
The new boss of the second-largest carmaker is yet to be nominated. If you believe in VW in the long run, now may be a good time to buy low. If you think the troubles of German manufacturing have just begun, VW is an excellent company to trade with.
Trade VW now
https://app.simplefx.com/instruments/VOW.DE/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.
Ethereum Classic Gains 7%
The crypto market is flat today, but ETCUSD jumped by 6.64% from $32 to $34.5. The conservative version of Ethereum is among the tokens poised to build value on the upcoming Merge of ETH.
Ethereum Classic will remain the only blockchain version that sticks to the proof-of-work consensus protocol and should be a go-to option for many miners. PoW still has many fans who consider it the only solution to keep crypto fully decentralized. ETC is a top 20 cryptocurrency by market cap.
Trade ETCUSD
https://app.simplefx.com/instruments/ETCUSD/chart
The crypto market is flat today, but ETCUSD jumped by 6.64% from $32 to $34.5. The conservative version of Ethereum is among the tokens poised to build value on the upcoming Merge of ETH.
Ethereum Classic will remain the only blockchain version that sticks to the proof-of-work consensus protocol and should be a go-to option for many miners. PoW still has many fans who consider it the only solution to keep crypto fully decentralized. ETC is a top 20 cryptocurrency by market cap.
Trade ETCUSD
https://app.simplefx.com/instruments/ETCUSD/chart
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Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Delivery Hero Soars 8.54%
The German food delivery company's price jumped from 40 to 44.5 euro on Tuesday morning. Delivery Hero announced they expect a 7% increase in their Q3 gross merchandise value (GMV). They should sell a total of 10.6 billion euros of their services.
The company also owns a majority of their European competitor - Glovo from Barcelona. As a group they expect a 11.5 billion euros GMV.
Yesterday Bloomberg quoted an anonymous analyst who said that Delivery Hero may replace their rival HelloFresh in the DAX index. This could boost investor's confidence even more.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
The German food delivery company's price jumped from 40 to 44.5 euro on Tuesday morning. Delivery Hero announced they expect a 7% increase in their Q3 gross merchandise value (GMV). They should sell a total of 10.6 billion euros of their services.
The company also owns a majority of their European competitor - Glovo from Barcelona. As a group they expect a 11.5 billion euros GMV.
Yesterday Bloomberg quoted an anonymous analyst who said that Delivery Hero may replace their rival HelloFresh in the DAX index. This could boost investor's confidence even more.
Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
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Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Netflix -4.76%
The subscription streaming platform is losing value for the second day in a row. The price dropped from $233.7 to $215.4 per share and is at the lowest level since late July.
Netflix has been hit by growing competition but has plans to increase revenue. The platform is to introduce cheaper ad-supported plans for the customers for from $7 to $9 per month.
Is it time to buy undervalued Netflix? Act now.
Trade Netflix
https://app.simplefx.com/instruments/NFLX.US/chart
The subscription streaming platform is losing value for the second day in a row. The price dropped from $233.7 to $215.4 per share and is at the lowest level since late July.
Netflix has been hit by growing competition but has plans to increase revenue. The platform is to introduce cheaper ad-supported plans for the customers for from $7 to $9 per month.
Is it time to buy undervalued Netflix? Act now.
Trade Netflix
https://app.simplefx.com/instruments/NFLX.US/chart
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Kardemir Dives -4.11%
Turkish steel manufacturer is a great money vehicle for margin traders. Kardemir stock has been highly volatile this week. It went up from 11.7 to 14 (over 20%) in the first two days, plummeting on Wednesday.
Companies like Kardemir will gain value when good macroeconomic data are released and lose it when the fear of recession grows. Kardemir operates its main coal-powered plant near the Black Sea, making it even more volatile.
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
Turkish steel manufacturer is a great money vehicle for margin traders. Kardemir stock has been highly volatile this week. It went up from 11.7 to 14 (over 20%) in the first two days, plummeting on Wednesday.
Companies like Kardemir will gain value when good macroeconomic data are released and lose it when the fear of recession grows. Kardemir operates its main coal-powered plant near the Black Sea, making it even more volatile.
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
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Twitter Jumps 4.1%
Tech companies have had a great start to Wednesday's session in New York. Twitter is off to the best-performing stocks in the morning, as the price went up from $38.7 to over $40 per share. The company's value is returning to what it was worth before Elon Musk bid to buy it and make it private.
Twitter is a good choice if you are looking for a big tech company that will be very susceptible to news and rumors. If the global sentiment turns optimistic, the price should go up.
Trade Twitter
https://app.simplefx.com/instruments/TWTR.US/chart
Tech companies have had a great start to Wednesday's session in New York. Twitter is off to the best-performing stocks in the morning, as the price went up from $38.7 to over $40 per share. The company's value is returning to what it was worth before Elon Musk bid to buy it and make it private.
Twitter is a good choice if you are looking for a big tech company that will be very susceptible to news and rumors. If the global sentiment turns optimistic, the price should go up.
Trade Twitter
https://app.simplefx.com/instruments/TWTR.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.
Deutsche Bank Gains 2%
DB has gone up from 8.17 to 8.40 euros per share. The market has been bearish on the leading German international bank in 2022, but since mid-August, some bullish signs may appear, as the price is drifting sideways.
Since February, Deutsche Bank has gone down 42% in an overall downtrend in the equity market. The company is going through a deep restructuring and cost-cutting process started by CEO John Cryan. The bank's earnings suffered from low interest rates, which may change as ECB raises them.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/chart
DB has gone up from 8.17 to 8.40 euros per share. The market has been bearish on the leading German international bank in 2022, but since mid-August, some bullish signs may appear, as the price is drifting sideways.
Since February, Deutsche Bank has gone down 42% in an overall downtrend in the equity market. The company is going through a deep restructuring and cost-cutting process started by CEO John Cryan. The bank's earnings suffered from low interest rates, which may change as ECB raises them.
Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/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 Soars 7% on Thursday
Social media company price has risen 14% since Wednesday's opening, trading above $12.2 per share on SimpleFX today. Snap may be heavily underpriced as the company's valuation has dropped more than 85% since the all-time highs a year ago.
Snap's CEO Evan Spiegel reacted to the falling stock prices with a rigid restructuring plan, which included severe layoffs. In a memo to the employers, he wrote that Snapchat aims at 30% user growth by the end of 2023 and an increase in turnover to $6 billion. The app recently introduced paid subscription and expects this revenue stream to bring an additional $350 million in the next year.
Today Snap is one of the hottest stocks in the US.
Trade Snap
https://app.simplefx.com/instruments/SNAP.US/chart
Social media company price has risen 14% since Wednesday's opening, trading above $12.2 per share on SimpleFX today. Snap may be heavily underpriced as the company's valuation has dropped more than 85% since the all-time highs a year ago.
Snap's CEO Evan Spiegel reacted to the falling stock prices with a rigid restructuring plan, which included severe layoffs. In a memo to the employers, he wrote that Snapchat aims at 30% user growth by the end of 2023 and an increase in turnover to $6 billion. The app recently introduced paid subscription and expects this revenue stream to bring an additional $350 million in the next year.
Today Snap is one of the hottest stocks in the US.
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.
Bitcoin Soars 7.1%
Crypto markets finally rebounded o Friday. BTCUSD bounced from $18,440 to $20,842 in the last three days. Altcoins follow, with APEUSD gaining 16% today.
Bitcoin was dire as risk aversion sucked investments from the cryptocurrency market. However, true believers can pat themselves on the back as the bullish run finally comes with force.
One of the reasons for the run may be South Korea, Thailand, and Singapore are looking for the legalization of cryptocurrencies. This may be a challenge, but it also creates an opportunity for crypto.
The weaker dollar might be a more vital factor, though. The US dollar dipped against the euro as investors expected rates hikes from ECB.
Retraction or change of trend?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Crypto markets finally rebounded o Friday. BTCUSD bounced from $18,440 to $20,842 in the last three days. Altcoins follow, with APEUSD gaining 16% today.
Bitcoin was dire as risk aversion sucked investments from the cryptocurrency market. However, true believers can pat themselves on the back as the bullish run finally comes with force.
One of the reasons for the run may be South Korea, Thailand, and Singapore are looking for the legalization of cryptocurrencies. This may be a challenge, but it also creates an opportunity for crypto.
The weaker dollar might be a more vital factor, though. The US dollar dipped against the euro as investors expected rates hikes from ECB.
Retraction or change of trend?
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Simplefx
SimpleFX: WebTrader
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Riot Makes a Huge Leap Over $8
Riot Blockchain gained more than 27% in the last two days. The reason is apparent - a bullish run on bitcoin. BTCUSD is up 8.25%, but yesterday it was not so clear. Riot gained over 14% on Thursday while the bitcoin price was stagnant.
Investors who proactively entered long positions in the bitcoin mining company can cash out big today... or wait longer. Currently, BTCUSD is attacking the very important $21k resistance, and if the US dollar continues to slide, the sky may be the limit for crypto!
Trade Riot
https://app.simplefx.com/instruments/RIOT.US/chart
Riot Blockchain gained more than 27% in the last two days. The reason is apparent - a bullish run on bitcoin. BTCUSD is up 8.25%, but yesterday it was not so clear. Riot gained over 14% on Thursday while the bitcoin price was stagnant.
Investors who proactively entered long positions in the bitcoin mining company can cash out big today... or wait longer. Currently, BTCUSD is attacking the very important $21k resistance, and if the US dollar continues to slide, the sky may be the limit for crypto!
Trade Riot
https://app.simplefx.com/instruments/RIOT.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.
Volkswagen up 3.15%
The German automaker is having another solid start for the week. With DAX40 up 0.87%, Volkswagen is leading the pack, trading above 150 euros per share.
The stock has been up and down recently, but the price action is impressive. Volkswagen is one of the cheapest earnings per share stocks. It is the world's biggest car company. It plans to make 25% of its Porsche division public in October. If the operation goes well, expect Volkswagen to soar.
Trade VW
https://app.simplefx.com/instruments/VOW.DE/chart
The German automaker is having another solid start for the week. With DAX40 up 0.87%, Volkswagen is leading the pack, trading above 150 euros per share.
The stock has been up and down recently, but the price action is impressive. Volkswagen is one of the cheapest earnings per share stocks. It is the world's biggest car company. It plans to make 25% of its Porsche division public in October. If the operation goes well, expect Volkswagen to soar.
Trade VW
https://app.simplefx.com/instruments/VOW.DE/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.
Coinbase +4.1%, Extends Gains
The leading US exchange is riding the wave of the recent cryptocurrency rally. Last week you could buy Coinbasse stock at a discount for less than $62 per share. Today they are worth $84.3.
Coinbase is benefiting from bitcoin appreciation. BTCUSD went up from $18,440 to $22,356 in less than a week. The run is caused by the upcoming ethereum merge. ETHBTC uptrend, which started in July, was recently interrupted, as bitcoin has been outperforming ethereum since last Wednesday.
If the crypto rally continues beyond the merge (estimated to happen around Thursday), companies like Coinbase will benefit the most.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
The leading US exchange is riding the wave of the recent cryptocurrency rally. Last week you could buy Coinbasse stock at a discount for less than $62 per share. Today they are worth $84.3.
Coinbase is benefiting from bitcoin appreciation. BTCUSD went up from $18,440 to $22,356 in less than a week. The run is caused by the upcoming ethereum merge. ETHBTC uptrend, which started in July, was recently interrupted, as bitcoin has been outperforming ethereum since last Wednesday.
If the crypto rally continues beyond the merge (estimated to happen around Thursday), companies like Coinbase will benefit the most.
Trade Coinbase
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.
Ocado -13.3% on Sales Slowdown
British supermarket has downgraded the outlook for 2022 sales as customers cut spending amidst recession fears. The stock went down from £785 on Monday to £690 right now.
Ocado announced British are buying less and going for cheaper products as the inflation in the UK topped 10% in July. Some economists expect inflation to slow as the new prime minister Liz Truss promised to introduce a cap on energy prices.
If the British economy picks up anytime soon, Ocado Group may be an excellent investment at this level. However, if pessimistic data keep coming, it may fall even lower.
Trade Ocado
https://app.simplefx.com/instruments/OCDO.UK/char
British supermarket has downgraded the outlook for 2022 sales as customers cut spending amidst recession fears. The stock went down from £785 on Monday to £690 right now.
Ocado announced British are buying less and going for cheaper products as the inflation in the UK topped 10% in July. Some economists expect inflation to slow as the new prime minister Liz Truss promised to introduce a cap on energy prices.
If the British economy picks up anytime soon, Ocado Group may be an excellent investment at this level. However, if pessimistic data keep coming, it may fall even lower.
Trade Ocado
https://app.simplefx.com/instruments/OCDO.UK/char
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.