Commentary Archives - Page 5 of 66

May 4, 2023May 4, 2023

Nasdaq Hits 8months High

NASDAQ is an acronym for the National Association of Securities Dealers Automated Quotations. It is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. Nasdaq was founded in February 1971, and has a listing of 3,554 companies. The market capitalization of Nasdaq is $18trillion as of January 2023.

The Nasdaq in the last two decades has mostly being bullish. The all-time high of NASDAQ was at $16,745 in November 2021. After the all-time high was reached, price dipped to $10479 in October 2022. Price consolidated for a few months until a rally began in February 2023. As of the time of this writing, the current price of NASDAQ is at $13013, an 8-month high. As this rally continues, we might see the price of NASDAQ hit $14,000 in the coming 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 stock indices in your portfolio? Schedule a meeting with us here

April 26, 2023April 26, 2023

Tesla’s Share Price Dips to Previous Month’s Low

From the all-time of Tesla in November 2021 at $418 per share, the $TSLA share price has been falling in value. All investments made at the beginning of 2022 ended in negative figures due to the one year plus bearish trend. Despite the bearish trend in the market, Tesla made a revenue of US$81.46billion in 2022.

Despite the bearish trend of 2022, price of $TSLA was beginning to rally in 2023. with the price bouncing from the 2022 support level of $101 to the 2023 high of $218. In recent weeks the bears have pushed price to $155 and this could continue for some time.

On Thursday the 20th of April, 2023, the tesla share price opened with a gap down at $166. The lowest in the previous month was $164. The price on that Thursday closed at $163.04, a little bit lower that the March 2023 lowest price. Since the gap down, the bulls have failed to make a turnaround in the price as the price keeps falling.

ON the 4hr chart, RSI showed that price had been overbought at two different times in March and currently shows that price has been oversold once in April. We might be falling to $113 in the coming 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 stocks in your portfolio? Schedule a meeting with us here

April 25, 2023April 25, 2023

Bed Bath & Beyond Files For Bankruptcy As Price Falls Below IPO price

Bed Bath & Beyond Inc. is an American big box store specializing in home textiles, housewares, decorative home accessories and specialty items. The chain operates stores in the United States, Canada, Mexico, and Puerto Rico.

Bed Bath & Beyond was founded in 1971. It was counted among the Fortune 500 and the Forbes Global 2000. As of February 2022, $BBBY boasted of 32,000 employees with a total asset of $5.13billion. It is publicly traded on Nasdaq and Russell 2000 component. The last time $BBBY share price dipped was during the lockdown as price reached $3.75. Post-lockdown, there was a bounce to $54 in January 2021. The rally was countered with a bearish turn as price is currently trading at the IPO price of 1992 of $1.14. The current price of $BBBY is $0.1888 making it the worst price of $BBBY.

On April 23, 2023, the company filed for Chapter 11 bankruptcy and announced that it would be winding down its operations after several failed attempts to turnaround the company. ON the weekly chart, RSI showed that price had been oversold once. The price of $BBBY could trade around $1 for some months even if price would appreciate later, that is if the government comes to support the ailing company.

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

April 20, 2023April 20, 2023

Microsoft Share Price Reaches 2023 High

Microsoft is an American company that develops and distributes software and services such as a search engine (Bing), cloud solutions and the computer operating system, Windows. As of April 2023, Microsoft has a market cap of $2.129 Trillion. This makes Microsoft the world’s second most valuable company by market cap. According to Microsoft’s latest financial reports the company’s current revenue is $204.09 billion. In 2021, the company made a revenue of $184.90 billion which was higher than that of 2020 at $153.28 billion.

Last year was not so good for $MSFT after price dipped from the year’s high at $326 and closed at $238. There seems to be a bit of hope as Microsoft share price has rallied and it is about to reclaim the $300 threshold. Price currently stands at $286.89.

On the 6th of April, Microsoft’s share price reached $292, making it the highest point that Microsoft’s share price has reached in 2023. The stocks of several tech firms are currently appreciating, which is reflected in the S&P 500. Our analysts see Microsoft’s share price reclaiming the $300 pyschological level in the coming 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 stocks in your portfolio? Schedule a meeting with us here

April 18, 2023April 18, 2023

Manchester United Plc Shares Fall To 2023 Low

Manchester United Shares Fall To 2023 Low

Manchester United Football Club, commonly referred to as Man United (often stylized as Man Utd, Man U or simply United), is a professional football club based in Old Trafford, Greater Manchester, England. The club competes in the Premier League, the top division in the English football league system. It is nicknamed the Red Devils. Manchester United was listed on NYSE in August 2012.

Since the price of $MANU reached $27.74 in August 2018, which currently stands as the all-time high, price has been falling and it eventually fell to an all-time low at $10.50 in July 2022. There was a sudden rise in the latter part of 2022 as price of MANU jumped. This jump made price reach $27 in February 2023 which is a 4-year high.

The family that controls Manchester United is reportedly leaning toward bringing in a minority investor, and not selling out the famous British soccer club. Investors hoping to cash in on a premium valuation were disappointed, after the shares of Man U went down as much as 10.63% on Monday, the 17th of April. Price has consolidated since the beginning of the year. This consolidation has made price fall to the current 2023 low at $19.07.

On the larger time frames, price is currently being controlled by the bulls. We might be seeing price rally in the coming weeks to $23 from the current price of $19.74.

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

April 14, 2023April 14, 2023

WTI Oil Price Reaches 2023 High

The opening price of WTI in 2023 was at $80.50. The price movement since the beginning of the year had been between $72 and $82 per barrel. Before this week’s rally to $83 per barrel, the highest price of crude oil had been $82.56 which was between January 18 and 23. A breakout to the downside was imminent which we wrote in our previous article. On the 14th of March, the price of crude oil reached a new 2023 low as a result of the downward breakout as price reached $64.

There was a price rally mid-March which made price reach the upper region of the Bollinger Bands. On the first trading day of April, there was a gap up in the price of Oil. The closing price on March 31st was $75, but as a result of the gap up, price was able to cross the psychological level of $80 on the first trading day of April 2023. We might see price reach a new psychological level at $90 in the coming 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

April 11, 2023April 11, 2023

Solana Lags As Other Crypto Assets Find New Highs

Solana is the tenth biggest crypto asset by market cap at over $8Billion. Typically, Solana’s price moves in tandem with other crypto assets like Bitcoin and Ethereum. In 2022 as other crypto assets went bearish, it followed suit and was all-bearish as well.

Solana’s high for last year (2022) was $179 and the low for the year was $7.80. It closed for the year at $9.46 and opened in 2023 at $9.98. Relief knocked on the doors of the crypto world and Solana’s bulls went into action early in January. By mid-January, price had rallied above $20. So far, this year’s high is $27 and that occurred in February.

On a broader scale however, the weekly chart to be precise, it seems that Solana’s price was set for a range rather than a rally. Since the high in February, price has stalled while other crypto assets have picked up steam in the bullish direction. March and April have seen many crypto assets find new highs.

Solana is currently at $20 and RSI indicates that price is overbought on the weekly chart. Judging strictly from the RSI standpoint, price is supposed to dip. However, we think we might see a breakout to the upside above $27 in the coming months.

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 cryptocurrencies in your portfolio? Schedule a meeting with us here

March 30, 2023March 30, 2023

The Crypto Rally Everyone’s Been Waiting For

The global crypto market cap is $1.14T, a 1.97% decrease as of 27th of March 2023. Bitcoin’s dominance is currently 46.02%, a decrease of 0.35% over the previous day. As of the time of this writing, the total crypto market volume in 24 hours was $45.45B, which makes a 38.21% increase. The total volume in DeFi was currently $3.88B, 8.54% of the total crypto market 24-hour volume. The volume of all stable coins was at $41.16B, which is 90.56% of the total crypto market’s 24-hour volume.

This shows that more investors are beginning to put funds in stable coins to purchase crypto assets in the future. Based on the market cap of cryptocurrencies, here are the top 5 cryptocurrencies and their market caps: Bitcoin $523Billion, Ethereum $213.6Billion, Tether $79.45Billion, BNB $49Billion and USD coin $33.4Billion. Since the creation of cryptocurrency, Bitcoin has topped the list. After Bitcoin’s all-time high was reached in 2021 at $69,149, the price of Bitcoin began to fall which made 2022 one of the worst years for crypto investors. Price of most crypto assets fell badly as Bitcoin hit $15,749 and Ethereum hit $891 from the all-time high at $4860.

Prices of many cryptos have been ranging for some months now, the bears’ momentum is quite low at the moment. Indications show that the price of crypto assets will appreciate in the next few weeks as we might see Bitcoin above $60,000 and Ethereum above $3,600. This will in turn appreciate the value of NFTs.

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 cryptocurrencies in your portfolio? Schedule a meeting with us here

March 29, 2023March 29, 2023

First Republic Bank Shares In Historical Fall

First Republic Bank Shares In Historic Fall

First Republic’s stock fell 47% to a record low on Monday, 20th of March 2023. This fall is historical as price dipped to its all-time low at $11.56, below the IPO price at $27.50. First Republic Bank had its IPO on the week of the 6th December 2010. Investors have enjoyed a smooth rally over the last decade. Following the recent bank failures, investors apparently aren’t optimistic about the bank’s prospects so First Republic Bank received a $70 billion loan from JP Morgan and another $30 billion lifeline from a consortium of banks in order to strengthen its capital and liquidity positions. Despite this, $FRC still reached an all-time low.

Trading activities were halted several times for volatility, and they sank further after a report from the Wall Street Journal said rival banks led by JPMorgan (JPM) are trying to work on yet another rescue plan for First Republic.

2023 seems to be the worst year for $FRC shareholders despite the opening price of the year being $197.14. $FRC is currently at $13.82, which means it has lost 92.9% of the value it had at the beginning of the year. There has been a little rally in the share price of $FRC as price closed with a profit of 11.81% at the close of market on the 27th of March, 2023. RSI is currently oversold on the daily chart. Price of $FRC could range for the next few weeks before a rally might occur.

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

March 23, 2023March 23, 2023

Layoffs, A Probable Cause Of Amazon’s Drop In Share Price

Amazon's Layoffs Linked To Share Price Fall

Amazon’s share price since it reached its all-time high at $189.78 in July 2021, has been falling. In December 2022, price hit $81 which is the lowest price since March 2020. Currently, $81 is the support level.

As 2023 opened, price initially consolidated around the support level. But in the second week of January, a bounce occurred. This bounce lifted price to $114.22 by the second day of February 2023. This is the highest price that the Amazon stock has attained in 2023.

After this rally, price dropped. As at last week on the 13th, Amazon’s share price had fallen to $88.71, the lowest price so far this month. There was a bounce that took price to $100 but the bears suddenly kicked in. Our analysts have come to conclude that this bearish takeover was probably a result of the recent mass layoff by Amazon. With this recent layoff, Amazon has totaled 27,000 employees that it has laid off this year.

Taking all this into account, our analysts think the bulls will reclaim the reins from the bears soon and price will rise to $120 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 stocks in your portfolio? Schedule a meeting with us here