@dayomabinuola, Author at FaithMight

January 27, 2025January 27, 2025

Delta Stocks Might Reach New Highs

Delta is one of the largest airlines in the U.S. and globally and its stock represents an opportunity for investors interested in the aviation and travel industries. It operates an extensive domestic and international network of flights, providing services across North America, Europe, Asia, and other regions. In addition to passenger flights, Delta offers cargo services and has a loyalty program (SkyMiles) and joint ventures with other international carriers.

Historically, Delta’s stock has been quite volatile particularly due to external factors like oil prices, regulatory changes, or economic recessions, but has also shown substantial growth over the long term, particularly in times of strong economic recovery and increased demand for air travel. However, the airline sector is cyclical, and Delta’s performance can be impacted by broader macroeconomic events like recessions, geopolitical crises, or pandemics.

The opening price of Delta Stocks in 2025 was at $60.26, Price has increased to new highs in 2025 and also hit an all-time high. Price reached $69.95 today, as the bulls have pushed price highs. On the daily chart, there has been a gap up on January 10, 2025. Price is yet to retrace after the gap up; also, RSI on the weekly charts had previously shown Delta has been overbought, as we could see price reaching new highs in 2025.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

January 15, 2025January 15, 2025

Shopify Is Set To Rally

In 2024, Shopify’s stock appreciated by 36%, with a strong start in 2025, rising approximately 6% year-to-date. In Q3 2024, Shopify reported a 16% increase in earnings and a 26% rise in revenue, reaching $2.16 billion. Operating income surged by 132% to $283 million, and free cash flow grew by 53% to $421 million, surpassing analyst expectations. In the last one year shopify gained about 36.29%.

Shopify is extending its services beyond small and medium-sized businesses to target large enterprises, competing with platforms like Salesforce and Adobe. This move aims to secure steadier revenue streams and enhance profitability. The company is venturing into business-to-business e-commerce and offering point-of-sale solutions for physical retail stores, diversifying its revenue sources.

Shopify’s expansion into enterprise markets and integration of AI technologies are expected to drive growth. Price could fall to $104 in the coming days, which could be an indication for the bulls to be fully active, which might push price above $110.

January 14, 2025January 14, 2025

NVIDIA Share Price Might Fall further

Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. The head office is in Santa Clara, California. NVIDIA Corporation does not have its own manufacturing facilities and therefore works according to the fabless principle.

Nvidia is the second most valuable company after Apple as of today, with a market cap at $3.497 trillion. In the last one year, Nvidia has gained with 167.96%. Before the close of market yesterday, Nvidia reached an all-time high of $153.13 but subsequently declined by 6.2%, closing at $140.14. This fluctuation followed CEO Jensen Huang’s keynote at CES 2025, where he introduced the GeForce RTX 50-series gaming chips. Despite these advancements, some investors were disappointed by the lack of immediate AI and robotics innovations, contributing to the stock’s decline.

Many analysts rate NVIDIA as a “Buy”, with ambitious price targets due to its innovation and growth trajectory. Price might fall to $133 in the coming weeks, which could be an indication of a buying level for Nvidia Investors. RSI on the four-hour chart shows price has been overbought, this could be an indication for a continued temporary fall in price.

December 11, 2024December 11, 2024

Aussie Expected To Rally

In June 2011, Aussie had a resistance level of 1.10521 – the highest price since November 1981. The United States Dollar has been gaining against the Australian dollar ever since 2011. The fall reached 0.55193 in March 2020. This was due to the pandemic.

Price since the pandemic has bounced and has been able to reach 0.80216. The highest price since February 2021. On the monthly chart, it looks more like a range since September 2022 till now. As of 11th of December, 2024, the Aussie has reached a year low with price at 0.63370, as price has been falling from the 2024 high at 0.69470. We might see price rally to 0.65393 in the coming weeks from the current price at 0.63558. There are multiple oversold positions on the 4-HR RSI chart.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

November 20, 2024November 20, 2024

SPX Reaches 6000

It’s been 67 years since the S&P 500 has been created. This month, price reached $6000 for the first time. In January 2022, SPX had a peak price at $4821. After price reached this milestone, there was a reversal in price for 10 months, which resulted to price reaching $3501. This stands as the major support level. In the 3rd week of October, a bounce in price started. This rally has been running for the past two years. In January 2024, a breakout to the upside occurred, making the bulls more confident.

On the 11th of November, price reached an all-time at $6010, surpassing the $6000 psychological level for the first time. SPX has reached at least 47 record highs in 2024. The S&P 500 has advanced 23% year to date. Since 1988, the index has achieved an average one-year return of 13.4% after reaching a record high. The future is not guaranteed for SPX at this time, as price might reverse below $4000 in the coming months. Price has fallen from the highs, with the current price at $5916. The smooth ride to new high might take a break as we wrap up the year.

On the weekly chart, though price is still at the upper region of the moving average, there have been a few times that price has been overbought on the RSI.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get indices in your portfolio? Schedule a meeting with us here

November 13, 2024November 13, 2024

Bitcoin Hits All-Time High As Trump Wins

In March 2024, Bitcoin was able to break out of the previous high at $69,000 which was in November 2021. After the high in November 2021, price dropped to $15, 912. The lowest price since November 2022.

As a result of Trump winning the election on November 5, there was a spike in the value of BTCUSD and major cryptocurrencies. As of the time of this writing, the total market capitalization of the crypto market stands at $2.9Trillion. And in the last 24hrs, the total value of the crypto market has increased by 3.44%. The total crypto market volume over the last 24 hours is $379.33Billion. There is no guarantee of a continued bullish movement. Many holders might decide to sell off.

The current price of BTC is $87,000, a few points down from the all-time high of today at $89,962. In the last 7 days, BTCUSD has gained 16,000points. The gains might be wiped out in the next few months, as price of BTCUSD might fall to $20,000. Between November 2023 and April 2024, RSI has shown that price of BTCUSD has been overbought on the weekly chart. And currently as a result of the highs in the last one week, RSI has also shown that price has been overbought on the weekly chart.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get crypto in your portfolio? Schedule a meeting with us here

November 6, 2024November 6, 2024

Boeing Stock Price Consolidates

Boeing’s share price opened the year with a series of gap downs. These gap downs are yet to be retraced, as some of the gains of Boeing in 2023 have been lost. The opening price of Boeing in 2024 was $257.29. It has been an awful year for Boeing Investors as the current price stands at $148.65 as at the time of this writing.

For the past two months, Boeing machinists have been on strike. Members of the International Association of Machinists accepted an offer that included 38% pay increases, along with a ratification bonus that workers can elect to use as part of their retirement savings. The union rejected a previous offer from Boeing that included a 35% pay hike, extending the strike that began on Sept. 13.

The striking employees, whose absence had put production at a near-standstill, can return to work next week Wednesday “and must return by beginning of their shift on Nov. 12, 2024,” according to the union and the company. The last 3 months candle sticks closed bearish. There are indications of a possible rally as striking workers resume in 6 days. $BA price has been consolidating since October 10, at a support level at $146.89. We might see price rally to $241 in 2025.

October 30, 2024October 30, 2024

Alphabet’s Price Might Break Out Of Range

Alphabet Inc. was founded 26 years ago. The establishment of Alphabet Inc. was prompted by a desire to make the core Google business “cleaner and more accountable” while allowing greater autonomy to group companies that operate in businesses other than Internet services.

$GOOG’s opening price in 2024 was $138.40. Price rallied to an all-time of $191.72 this July. Some of the gains in 2024 have been lost as the current price is at $166.72 per share. Alphabet, Inc will report earnings today, expecting Q3 adjusted earnings of $1.84 per share on $86.37 billion in revenue, up from last year’s $1.55 per share and $76.7 billion in revenue.

The fall in the price of Google made price reach $146.97 on September 9, which stands as the current support level. A bounce from the support started on September 11, 2024. There have been a price range in the value of $GOOG since mid-September. Price has been ranging from $160.01 and $167.43. A breakout of the range to the upside is expected soon. The might lead to price gain in the value of $GOOG after the recent loss. The next rally might lead to the price of GOOG breaking new highs in the coming weeks. We see price hitting 190.40 in a couple of weeks.

October 15, 2024October 15, 2024

Oil Price Spikes As Iran Attacks Israel

Crude oil prices jumped and stocks tumbled about two weeks ago after Iran fired an estimated 180 missiles at Israel in retaliation for the ground invasion of southern Lebanon. A warning from White House officials had been given that a strike was imminent. Price jumped from $70 per barrel to $74 per barrel. Price later rose to $78 on Oct 8, 2024 which currently stands as the highest price of crude oil in two months.

Global stocks tumbled as a result of the recent attacks. According to Reuters, Citigroup Inc made a forecast based on fundamentals. According to Citi, if producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries.

Our analysts on the other hand, see price rallying and our forecast is based majorly on the technicals. We see price rallying to about $90 per barrel before the end of 2025. Price of crude oil falling to $60 is not guaranteed from our analysis, we only see a rally to $90, as price is retesting the support level above $60 with the current price at $70.16. This retesting is momentum for an upward trend. But it all remains to be seen as this war unfolds.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get commodities in your portfolio? Schedule a meeting with us here

September 23, 2024September 23, 2024

Gold’s Price Consolidates After Reaching All-Time High

In 2015, the lowest price of Gold was at $1047. The bulls have done tremendously well by making the gold price increase in value in the last 9 years. Even during the pandemic, the price of Gold was not really affected, as it was readily considered as a safe haven. The price of Gold reached a new high at $2082 in 2020 despite the disruption that year. Two years later, price fell to $1615. After this fall, the bulls continued the run.

Between August 2020 and December 2023, price of Gold was moving between $1615 and $2082. In latter days of the year 2023, there was a breakout of the resistance level to the upside. This year’s opening price for Gold was at $2023 per ounce. More than 80% of the monthly candlesticks this year closed bullish. The all-time was reached earlier this month at $2588. Since hitting its highs, price has been consolidating around the highs. The current price of Gold is at $2563.03, we should see price reach new highs above $2600 in the next few weeks.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get commodities in your portfolio? Schedule a meeting with us here