SimpleFX Market News
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Stay updated with market news and trading insights via SimpleFX – a multi-asset trading app. πŸ“Š

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Infineon Up 2.92% Yet Again

The German semiconductor manufacturer is on a strong bullish run, and has appreciated 4.3% already this week. The stock went up from €20.05 on Friday to €24.03 on Tuesday.

The company has strong fundamentals with a sound EBITDA to sales ratio. Additionally it's operating on a lucrative chip manufacturing market. However, it has to work on their energy supply chains, as the whole German economy is struggling since the Russian invasion of Ukraine and sanctions on the energy commodities.

Infineon Technologies is down 46% since the all-time-high in November 2021, and if you think it's time to hunt for equity opportunities, you should definitely give it a long look.

Trade Infineon
https://app.simplefx.com/instruments/IFX.DE/chart
Dow Jones Industrial -1.4%

The US stock exchange is in the red for the fourth consecutive day. DJI30 has lost 1.4% today and decreased 15% since August 17. SPX500 is -1.26%, NDX100 -1.14%, and Russell 2000 -0.9%.

European stock indexes are also in the red, with DAX40 leading the pack at -1.45%.

The recession fear is spreading around investors. McDonald's and Coca-Cola are one of the leading stocks dragging DJI30 down.

Margin traders should not worry, as the panic creates new trading opportunities on Equities and Indexes every day.

Trade DJI30
https://app.simplefx.com/instruments/DJI30/chart
EasyJet Plunges -7.1%

The low-cost airline stocks are crashing, as London's FTSE100 index loses 1.6% on Wednesday. EasyJet has gone down over 20% in the last seven trading days and is trading around Β£280 on SimpleFX. The company used to trade above Β£1500 per share less than two years ago.

Despite its crashing price, the company doesn't seem dead yet and has ambitious plans for carbon neutrality. EasyJet wants to stop offsetting CO2 emissions from December, save fuel, and cut noise with new A320 planes.

At more than 10-year lows, many investors consider EasyJet strongly underpriced. The global low-cost airline market is expected to grow to $440.5bn by 2030. (more than 10% annually). But have the UK equities hit bottom yet?

Trade EasyJet
https://app.simplefx.com/instruments/EZJ.UK/chart
Russell 2000 Up 3% as Risk Returns

Investors' appetite for risk comes back after the Bank of England says it will buy UK debt. Traders who bought bottom today's morning UTC can pat themselves on the back. DJI30 is up 1.9%, SPX500's up 1.86%, and NDX100 rebounded 1.64% after several days of decline.

Russell 2000, a small-cap US stocks index, proved to be the right pick today. It's up 3.1% and is trading at 1716 on SimpleFX.

Small companies are the right target for traders seeking high volatility.

Trade Russell 2000
https://app.simplefx.com/instruments/RUSSELL2000/chart
Deutsche Bank -3.2% as Sell-Off Continues

The German leading financial company is losing value quickly. Deutsche Bank's stocks are -3.2% today and dropped 18% in the last seven trading days from €9.29 to €7.59 per share. The €7.50 support is what prevents the stock from falling further.

Is Deutsche Bank already undervalued? The falling prices are caused by increasingly high-interest rates and recession risk in the Eurozone. German 10-year bonds are trading above 2.2%, and the ECB benchmark interest rates are expected to exceed 2% this year.

Trade Deutsche Bank
https://app.simplefx.com/instruments/DBK.DE/chart
Peloton Crashes -12.2%

The exercise and media company has been traders' favorite recently. Peloton Interactive has announced its first brick-and-mortar deal, as the company will sell the equipment in American Dick's Sporting Goods stores.

Despite the news, the stock crashed along with the market. NDX100 is -2.6% today, and smaller companies like Peloton are losing the most.
Peloton dropped to $7.17 per share in the first hour of trading, and it seems it may go lower anytime soon. At what stage will the company be underpriced, though?

Trade Peloton
https://app.simplefx.com/instruments/PTON.US/chart
Lufthansa Up 3.1%

The German carrier's stocks are having a great week. Lufthansa jumped 3.1% on Friday and hit €5.99 per share. If the €6 resistance is broken today, we may expect the stock to soar even higher.

Lufthansa hit a multi-week low on Wednesday at €5.44 but skyrocketed after that, going up 10%.

A few weeks ago, Lufthansa managed to pay its debt, and the German government got rid of its shares. Now, the privately owned carrier is planning a restart, with Klaus-Michael Kuehne's wealthiest man in Germany as an investor. This week the company finished mowing its data center to the cloud.

Trade Lufthansa
https://app.simplefx.com/instruments/LHA.DE/chart
Nike Opens at -12% on Strong Dollar

The footwear company warned that the strong dollar is hitting its annual revenue. In a quarterly earnings report, Nike warned that it may lose $4 billion in 2022 revenues because of USD appreciation.

The stock fell 9% in after-hours trading and opened -12.64 on Friday at $83 after closing at $95 on Thursday.

Nike has a problem with growing inventory (up 40% year-to-year) and was hit after leaving the Russian market for good.

In the report presented yesterday, Nike announced that the net income for the three months of summer was down $1.5 billion.

After a dismal opening, the stock is already up 1.8% today. What's your move?

Trade Nike
https://app.simplefx.com/instruments/NKE.US/chart
Delivery Hero -6.74%

DAX40 is side drifting, but growth stocks like Delivery Hero suffer during the first October trading day. The online food-delivery company's stock dropped from €38.27 on Friday's closing to €35.60.

Delivery Hero is on an ugly streak and has lost almost 30% of its value since September 12.

The company may be already underpriced, as it's still one of the global leaders in a promising segment. A few weeks ago, JPMorgan named Delivery Hero a top European Internet stock.

Trade Delivery Hero
https://app.simplefx.com/instruments/DHER.DE/chart
Silver Soars 5.5%

XAGUSD soared on Monday over the $20 resistance as investors are looking for alternative safe-haves. Silver is outperforming gold (up 0.4%) in a nervous market. XAGUSD gained almost 10% over the last five trading days.

Central banks are tightening liquidity globally, as the main focus is fighting inflation. A credit crunch is getting more likely, and rumors about several big investment banks being in trouble have started circulating.

September was profitable for gold and silver bears, but things may change soon.

Trade XAGUSD
https://app.simplefx.com/instruments/XAGUSD/chart
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