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
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SimpleFX WebTrader
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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
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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
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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
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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
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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.
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
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Peloton Tanks -10%
The exercise equipment and media provider was a Nasdaq star, going up 29% from $8.55 to $11 in just four trading days. The run ended abruptly, with NDX100 dropping 3.2% on Tuesday after the Labor Department announced customer inflation for August was slightly higher than expectations.
This is clearly a panic sale on equity and crypto markets today, but investors have reasons as they expect further rate hikes by the Fed.
Peloton Interactive has gone through a restructuring process. The co-founder John Foley left the company after it posted quarterly losses of over $1.2 billion. Peloton is a troubled business with a lot of hype - a perfect target for daily traders.
Trade Peloton
https://app.simplefx.com/instruments/PTON.US/chart
The exercise equipment and media provider was a Nasdaq star, going up 29% from $8.55 to $11 in just four trading days. The run ended abruptly, with NDX100 dropping 3.2% on Tuesday after the Labor Department announced customer inflation for August was slightly higher than expectations.
This is clearly a panic sale on equity and crypto markets today, but investors have reasons as they expect further rate hikes by the Fed.
Peloton Interactive has gone through a restructuring process. The co-founder John Foley left the company after it posted quarterly losses of over $1.2 billion. Peloton is a troubled business with a lot of hype - a perfect target for daily traders.
Trade Peloton
https://app.simplefx.com/instruments/PTON.US/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.
Kardemir Plummets -10%
Wednesday is another bad day for the Turkish steel manufacturer. Kardemir Karabuk Demir is diving for the second day in a row and has lost 20% from yesterday's multi-month high of 16.41 lira per share.
European indexes are flat after yesterday's gloomy news about US inflation, but most Turkish companies are in the red. Kardemir has been heavily affected by the economic slowdown, and if the global economy falls into recession, the stock may drop even lower. However, if we can see a change of sentiment soon, watch out for this company!
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
Wednesday is another bad day for the Turkish steel manufacturer. Kardemir Karabuk Demir is diving for the second day in a row and has lost 20% from yesterday's multi-month high of 16.41 lira per share.
European indexes are flat after yesterday's gloomy news about US inflation, but most Turkish companies are in the red. Kardemir has been heavily affected by the economic slowdown, and if the global economy falls into recession, the stock may drop even lower. However, if we can see a change of sentiment soon, watch out for this company!
Trade Kardemir
https://app.simplefx.com/instruments/KRDMD.TR/chart
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Silver +1.9%, Extends Strong Run
XAGAUD is up almost 11% in September, and SimpleFX investors who went long on silver against the Australian dollar may tap themselves on the back.
On September 1, silver prices hit a two-year low, and it wasn't evident that it may rebound. However, 25-26 AUD may have looked like solid support for traders who were bullish on silver. XAGAUD is outperforming XAUAUD in September, and investors looking for an inflation hedge in the long term may consider adding precious metals to their portfolio.
Margin traders who are bullish on silver may go for trading it against the Australian dollar to avoid the effect of strengthening US dollar.
Trade XAGAUD
https://app.simplefx.com/instruments/XAGAUD/chart
XAGAUD is up almost 11% in September, and SimpleFX investors who went long on silver against the Australian dollar may tap themselves on the back.
On September 1, silver prices hit a two-year low, and it wasn't evident that it may rebound. However, 25-26 AUD may have looked like solid support for traders who were bullish on silver. XAGAUD is outperforming XAUAUD in September, and investors looking for an inflation hedge in the long term may consider adding precious metals to their portfolio.
Margin traders who are bullish on silver may go for trading it against the Australian dollar to avoid the effect of strengthening US dollar.
Trade XAGAUD
https://app.simplefx.com/instruments/XAGAUD/chart
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Rolls-Royce up 4%
The stock is up to £78.5 per share on Thursday, and we may witness another rally. Many investors have added British aerospace and defense to their portfolios after Rolls-Royce crashed 24% from mid-July to September 1. Since then, the price has gone up.
Rolls-Royce Holdings is an aerospace and defense company, and has nothing to do with luxury cars anymore (this brand is owned by Volkswagen).
Traders who seek the bottom for value companies could give RR a long look, especially after the 6.7% fall during the last two trading days.
Trade Rolls-Royce
https://app.simplefx.com/instruments/RR.UK/chart
The stock is up to £78.5 per share on Thursday, and we may witness another rally. Many investors have added British aerospace and defense to their portfolios after Rolls-Royce crashed 24% from mid-July to September 1. Since then, the price has gone up.
Rolls-Royce Holdings is an aerospace and defense company, and has nothing to do with luxury cars anymore (this brand is owned by Volkswagen).
Traders who seek the bottom for value companies could give RR a long look, especially after the 6.7% fall during the last two trading days.
Trade Rolls-Royce
https://app.simplefx.com/instruments/RR.UK/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.
Natural Gas Crashes -7.5%
The commodity plunged today after going up 8.6% on Thursday. Natural gas fell back to $8.44 per MMBtu basically erasing yesterday's gains.
Extreme volatility is money for margin traders. The gas prices will be a big unknown in the upcoming months. They will react to weather and political situation. We'll see if the European countries could secure enough natural gas to cope with winter despite sanctions on Russia - their leading commodity supplier.
Oil is also down today (UKOIL -3.3% and USOIL 3.4%). Recession fears and China's COVID lockdowns drive the prices down.
Time to buy or sell gas?
Trade Natural Gas
https://app.simplefx.com/instruments/NATURALGAS/chart
The commodity plunged today after going up 8.6% on Thursday. Natural gas fell back to $8.44 per MMBtu basically erasing yesterday's gains.
Extreme volatility is money for margin traders. The gas prices will be a big unknown in the upcoming months. They will react to weather and political situation. We'll see if the European countries could secure enough natural gas to cope with winter despite sanctions on Russia - their leading commodity supplier.
Oil is also down today (UKOIL -3.3% and USOIL 3.4%). Recession fears and China's COVID lockdowns drive the prices down.
Time to buy or sell gas?
Trade Natural Gas
https://app.simplefx.com/instruments/NATURALGAS/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.
DAX40 -1.55% as German Stocks Slide
It has been a horrible week for European equities, and Frankfurt Stock Exchange is leading the pack. DAX40 has been -5.4% since Tuesday. The German economy slumps, with high inflation accompanying poor sentiment among businesses and customers. The economy ministry report warned on Tuesday that the German GPD could contract in the second half of 2022.
There is a chance these concerns have already been priced in DAX40, but it's hard to estimate where the bottom could be. One thing is sure if the recovery of the European financial markets happens, German value stocks are the assets to target.
Trade DAX40
https://app.simplefx.com/instruments/DAX40/chart
It has been a horrible week for European equities, and Frankfurt Stock Exchange is leading the pack. DAX40 has been -5.4% since Tuesday. The German economy slumps, with high inflation accompanying poor sentiment among businesses and customers. The economy ministry report warned on Tuesday that the German GPD could contract in the second half of 2022.
There is a chance these concerns have already been priced in DAX40, but it's hard to estimate where the bottom could be. One thing is sure if the recovery of the European financial markets happens, German value stocks are the assets to target.
Trade DAX40
https://app.simplefx.com/instruments/DAX40/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.
Lucid Up 5.6% Against the Market
Electric vehicles startup Lucid Group has gone up 5.6% on Friday, despite nearly all the equities going heavily down. The company is up 21% over the last eight trading days.
In August, Lucid reported it would have to cut the second half of 2022 production forecasts. As a result, the company has been heavily oversold. When it released new predictions saying it might beat the goals of manufacturing up to 7,000 electric cars, the investors started to buy.
Electric vehicles are the future, and Lucid Group is one of the essential players.
Trade Lucid
https://app.simplefx.com/instruments/LCID.US/chart
Electric vehicles startup Lucid Group has gone up 5.6% on Friday, despite nearly all the equities going heavily down. The company is up 21% over the last eight trading days.
In August, Lucid reported it would have to cut the second half of 2022 production forecasts. As a result, the company has been heavily oversold. When it released new predictions saying it might beat the goals of manufacturing up to 7,000 electric cars, the investors started to buy.
Electric vehicles are the future, and Lucid Group is one of the essential players.
Trade Lucid
https://app.simplefx.com/instruments/LCID.US/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.
Ethereum Falls Below $1,300
ETHUSD continues to fall after the Merge. The second-largest cryptocurrency has lost over 20% of its value since Wednesday, and 27% since the local top on September 11.
Corporations are said to hold on to their favorite cryptocurrency, but essential support has been lost. Last Thursday, the US Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrencies might be treated as securities.
Bitcoin is losing as well and fell below $19k. However, it's outperforming Ethereum strongly in the last few days, as ETHBTC has just tested the 0.07 support.
Trade ETHUSD
https://app.simplefx.com/instruments/ETHBTC/chart
ETHUSD continues to fall after the Merge. The second-largest cryptocurrency has lost over 20% of its value since Wednesday, and 27% since the local top on September 11.
Corporations are said to hold on to their favorite cryptocurrency, but essential support has been lost. Last Thursday, the US Securities and Exchange Commission Chair Gary Gensler said proof-of-stake cryptocurrencies might be treated as securities.
Bitcoin is losing as well and fell below $19k. However, it's outperforming Ethereum strongly in the last few days, as ETHBTC has just tested the 0.07 support.
Trade ETHUSD
https://app.simplefx.com/instruments/ETHBTC/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.
Coinbase -6.2%
The downtrend in the cryptocurrency market has hurt crypto-related stocks. Coinbase is losing value for the third trading day in a row. The stock fell below $70 per share, but still has a lot of room before the support from spring and summer at $40 is approached.
After a tough weekend, Bitcoin (-1.56%) and Ether, which fell below $1,300 today, the cryptocurrency exchange was in the red premarket. Crypto enthusiasts hunting for the bottom should observe Coinbase, especially before the Fed's meeting on the interest rates on Wednesday.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
The downtrend in the cryptocurrency market has hurt crypto-related stocks. Coinbase is losing value for the third trading day in a row. The stock fell below $70 per share, but still has a lot of room before the support from spring and summer at $40 is approached.
After a tough weekend, Bitcoin (-1.56%) and Ether, which fell below $1,300 today, the cryptocurrency exchange was in the red premarket. Crypto enthusiasts hunting for the bottom should observe Coinbase, especially before the Fed's meeting on the interest rates on Wednesday.
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.
Nordea Rebounds +2.64%
The Helsinki-based financial group hit 102.59 SEK today on the Stockholm stock exchange. Investors saw a buy-in opportunity after yesterday's dip, which went as low as 96.45 SEK.
Nordea's stock on OMX has been volatile since March, but there's no clear trend, and unlike other banks, Nordea kept its value afloat.
On 18 July 2022, Nordea announced a share buy-back program of up to a maximum of EUR 1.5 bn. The operation was canceled today before the market opened.
Trade Nordea
https://app.simplefx.com/instruments/NDASEK.SE/chart
The Helsinki-based financial group hit 102.59 SEK today on the Stockholm stock exchange. Investors saw a buy-in opportunity after yesterday's dip, which went as low as 96.45 SEK.
Nordea's stock on OMX has been volatile since March, but there's no clear trend, and unlike other banks, Nordea kept its value afloat.
On 18 July 2022, Nordea announced a share buy-back program of up to a maximum of EUR 1.5 bn. The operation was canceled today before the market opened.
Trade Nordea
https://app.simplefx.com/instruments/NDASEK.SE/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.