FaithMight - Page 24 of 78 - Market commentary and analysis insights. Brought to by FM Capital Group.

December 6, 2021December 8, 2021

Why Did Pfizer Lose 5% In Value?

Pfizer is an American multinational pharmaceutical and biotechnological corporation. The company was established in 1849 and went public at the beginning of 1968 at an opening price of $0.42. Over the years, the share price of Pfizer has appreciated in several multiples. The Pfizer investors have enjoyed a rally over the years as the price keeps appreciating. The previous all-time high at $44.01 was reached in 2018 and maintained until the price broke out to the upside to new all-time highs in August 2021 and December 2021 respectively. Pfizer was licensed to produce the vaccine as a result of the necessity caused by the spiking cases of coronavirus across the world. Despite the share price of Pfizer going low as $26.37 in 2020, after it reached the all-time high in 2018 at $44.01, millions of persons worldwide got vaccinated with the Pfizer vaccine which must have led to the share price appreciating.

The most recent all-time high of $PFE was reached in November 2021 at $55.83. Some scientists might have been saying that the Omicron variant of the coronavirus is of less concern. Just like many vaccine-producing companies, $PFE’s share price dropped 5.14% yesterday. Despite a few lockdowns across the world and some countries restricting flights from some other countries, there seems to be a correction occurring with the price of $PFE. The share price of Pfizer might drop to $41.93 which is around the previous support level at $41.10, as some scientists have said the Omicron variant is not of major concern.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

December 3, 2021December 7, 2021

Will The Name Change of Square To Block Affects Its Share Price?

After 6 years of Square being listed on the stock exchange, the CEO Jack Dorsey, who owns 24.4% of the company, changes its name to Block. The main reason for changing the name is for expansion as the company intends to focus on new technologies such as blockchain. Before now, Square was known for digital payments with a focus on point-of-sale terminals and auxiliary equipment to process debit cards. Since its IPO in 2015 at $9, the share price has done 31X as it reached an all-time high in August 2021 at $289.05.

The lowest price of $SQ during the lockdown was $38.02. As the lockdown eased up, price appreciated above $200 before the end of last year. The price movement of $SQ in the last 11 months has been between $192.15 and $289.05. The range in the weekly and monthly chart has been broken to the downside this week as the price reached $185.72. $SQ is currently not showing an indication of a price reversal to the upside. Since the day Square has been changed to Block, the price of $SQ has gone south.

December 1, 2021December 3, 2021

Zoom’s Share Price Falls Further

Zoom’s investors had a good return in 2020 after the price opened at $67.23 to reach an all-time high of $588.21, which is over 8X. During the lockdown, many meetings and conferences were held virtually as Zoom was the favorite of many organizations. However, 2021 is the worst year for $ZM investors since its IPO in 2019. The opening price for Zoom this year was $337.07. As offices began to open due to the mass vaccination of people in different countries across the globe, the price of Zoom began to fall. The hope that showed in July 2021 as a result of the monthly candlestick was dashed away when all gains were lost in August 2021.

The current share price of Zoom is at $218.79 which shows that Zoom investors have lost 35% from the opening price of this year. A breakout to the downside has occurred from the August 2020 support level at $233.23. Is this going to be a continuous downtrend? The next few weekly candlesticks will determine the next direction. The share price of Zoom is currently at the lowest since June 2020 at $211.41. There are tendencies that the share price of Zoom might rise to $400 as many countries begin to lock their borders due to the new cases of the Omicron variant of the coronavirus. As countries begin to lock borders, this might eventually affect the workspace. Companies might fall back to the remote ways which worked during the lockdown.

December 1, 2021December 1, 2021

Our Investment in Recoplast Congo

It’s been a busy year for us as at FM Capital Group. From an investment perspective, it has been our busiest year to date for our small team of investors. For the remainder of the year, I will highlight each of our 2021 investments and talk up the wonderful, important, and impactful work each of these companies are doing in Africa.

In December 2020, Eric Casinga, the founder of Recoplast Congo, reached out to me seeking investment. While it was still in the midst of the pandemic, we had just made our first covid investment so investors were thawing out and ready to make more. So I was keen to meet Eric and learn more about Recoplast. And when I did, the business resonated with me immediately. Because when my siblings and I met up and went to Nigeria together in 2016, the plastic waste there was an eye sore in which we actually saw opportunity. We wondered how to start and operate a recycling company to combat the plastic waste that littered the, otherwise, beautiful environment. To learn that Eric had done just that in the Democratic Republic of Congo with his own patented process, I was very impressed and eager to share this investment opportunity with investors.

This startup was born out of a passion to fight against plastic pollution and deforestation by presenting a “perfect alternative” to ordinary wood. This type of upcycling creates a material called “Ecowood” that can be used to make more durable and affordable chairs, tables, pallets, and really anything that ordinary wood can make. The upcycled material is also used to create plastic products too. By paying for the plastic waste that ordinary people collect themselves, Recoplast is also providing opportunity for Congolese citizens, many of whom are women, to have a means of earning an income and providing for themselves and their families. Our angel investors saw and agreed that this was an opportunity that must be seized. We invested in this startup, finally closing the investment in July 2021. We have been busy since supporting Recoplast’s growth plans and look to do more investments in the cleantech sector in the coming year 2022.

We celebrate the Recoplast team for their efforts, grit, and innovation. Check out the video below to witness the waste transformation process. Follow Recoplast on Facebook, Instagram, and Twitter. Please reach out to Eric if you are also interested in investing. Let him know we sent you!

This particular investment is in our clients’ portfolios. To understand how you can invest in venture capital opportunities with us for your own portfolio, talk to our advisors at FM Capital Group. Schedule a meeting with us here. It’s free to chat!

November 30, 2021December 2, 2021

Twitter Has Lost All Its 2021 Gains

Twitter’s opening price at the beginning of 2021 was $54.22. Later in the first month of the year, the price fell to the lowest level in the year at $45.59. After the price fall to $45.59, the price rallied in February 2021 to reach an all-time high at $81.09. Since the all-time high was reached, prices began to go lower. There have been lower lows and lower highs, which has resulted in huge losses as all the $TWTR gains of 2021 have been lost. Twitter is currently at a -16% loss from the opening price of the year.

After Thanksgiving Day, the market opened at $46.54 and closed at $47.10. But on the 29th of November 2021, the price had a gap up from $51.84 which showed a bit of hope until Jack Dorsey announced his resignation as the CEO of Twitter. The share price of $TWTR closed at $45.78 yesterday after Parag Agrawal was announced as the new CEO of Twitter. Price is currently around the year’s support level at $45.59. RSI is currently at the oversold position even after the price is around the support level.

The gap up at the opening of yesterday’s share price for Twitter made the price reach the upper region of the Bollinger Bands, but the price crossed lower to the lower region of the bands at the close of the market. There may be a call for the bulls as a new CEO is appointed. A few Indian-American CEOs have emerged as the CEOs of American Tech Companies, and their share prices have been doing excellently. As the Twitter bulls become more active, the price might reach $66 in the coming weeks.

November 27, 2021November 30, 2021

SPX Had A Price Correction

S&P 500’s opening price in 2021 was $3699.90. Price has been appreciating leading to different all-time highs. The SPX has done so well with return for investors as each month since the beginning of this year, there have been new all-time highs reached. The latest all-time high was reached at $4,745.40. This week has been very bad for $SPX has the price fell to $4,594.61 from the weekly opening price of $4711.61. Many stocks’ prices fell during the week as a result of the new variant of coronavirus discovered in South Africa named ‘Omicron’. A few countries are back to a lockdown to avoid the spread of the various. Countries are beginning to restrict movement to and from South Africa. As of July 2021, there are four dominant variants of the Coronavirus.

On the weekly chart, the $SPX closed this week with a bearish candlestick. Looking at the 2020 chart of $SPX, especially before the spike in the cases of Covid-19 globally, the then all-time high in February 2020 was at $3384.11, the price fell to $2210.48 in March 2020. Since the lockdown, the price has been appreciating as price doubled since the lockdown has been eased. The support level at the second half of this year is maintained at $4284.31. The weekly charts show the candlesticks are still in the upper region of the Bollinger bands despite RSI showing that the price has been overbought. The bulls are still very active despite the correction this week. The price of $SPX might appreciate in the next few weeks, which might lead to a new all-time high above $4,800.

November 23, 2021November 23, 2021

Boeing Maintains The Same Support Level

Boeing has maintained the same support level at 205.15 since it broke out of the resistance level in November 2020. This breakout led to the price rally which reached $278.38 in March 2021. 2021 has maintained a strong resistance at $278.38. Price has failed to reach the resistance level since march, instead, the price has touched the support level at least three times. In this month of November, the price has broken the trendline to the upside, which could be an indication of a possible rally to the resistance level at $278.38. The breakout of the trendline lasted for a few trading days before the price dipped to $211.00, which is the current price of $BA.

Before the dip in March 2020, which as a result of the pandemic, the price of $BA reached an all-time high at $447.17 in March 2019. After the all-time high, the price dipped to $89.22. The fall was the worst fall since $BA went public losing about 80% of its value. In March 2020 after the lockdown has been eased, and the airline industry began operation globally, the $BA share price begins to appreciate. The market closed yesterday at $211.00. The price of $BA could appreciate to $267.59 in the coming weeks as the holiday and vacation season resumes.

November 22, 2021November 22, 2021

The Next Bullish Run of Disney

The Disney share price is one of few stocks that has lasted over 50years and still brings returns to its investors. There was a setback to the Disney price in December 2019 after the price reached a new all-time high then at $154.16. Disney lost about 50% of its share value between December 2019 and March 2020, which was a result of the pandemic, making it the worst price dip since its IPO. After lockdowns were eased across the world, price began to appreciate. The price appreciation broke out the then resistance level at $154.16 to a new all-time high at $203.12 in March 2021. Since the worst fall of Disney during the 2020 pandemic, $DIS has appreciated almost 2X of its return.

In the last month of 2020, the price broke out of the resistance level at $154.16 which led to the price reaching the new all-time high at $203.12. Since the all-time high was reached, the $DIS share price has lost about 31% of its value. In this month alone, $DIS has lost about 15% of its value. Should investors be worried about the price fall? The recent price fall could not break out to the downside of the support level at $154.16. A possible correction around the support level might occur which might eventually push the price of $DIS to $175.72.

November 19, 2021November 22, 2021

Some Analysts Said ‘Bitcoin To The Moon’

Despite several forecasts of BTC to reach $100,000 or $200,000, BTC has failed to reach $70,000 with the recent bull run. BTC reached an all-time high at $68,999 on November 10, 2021. Most times when Bitcoin dips, other cryptos follow the same direction. Bitcoin had a previous resistance in April 2021 at $64,898. After the April all-time high, the price dipped by more than half as the price reached $28,764.37. This year support level for BTC is at $28, 731. A breakout of the April resistance at $64,876 was reached in October, which pushed the price to the most recent all-time high.

At two different times between September and October, the price of BTC using the RSI shows that price has been overbought. Price has crossed to the lower region of the Bollinger bands. El Salvador has adopted Bitcoin as a legal tender. Some other countries like Panama, Ukraine are in the race to adopt Bitcoin as a legal tender. In a situation where Bitcoin price drops below the price it was acquired, this might affect the economy of the countries as the purchasing power will be affected.

There are indications that the price of BTC falls below $30,000. This might be a bad one for the El-Salvador economy as it will be below the price it was initially bought. A breakout to the downside of the support level at $55,851 might push the price to $29,000.

November 18, 2021November 18, 2021

WTI Oil Price Falls

The oil price reaches $85 on the 25th of October, this milestone was last reached in October 2014. Ever since the price fell in 2014, the price was not able to break the resistance at $77 until October 2021. It has been a good year for countries producing crude oil as price increases as resistance has been broken to the upside. The 2019 and 2020 resistance have been broken to the upside in 2021. As the advocacy has increased for the world to use green energy has increased over the years, this might pose a threat to the price of $CL. The sharp drop of the $CL price during the 2020 global lockdown took the price to $0 per barrel. The Oil price has generated about 80X for investors since the rally from the lockdown dip.

The current price of WTI crude oil price is $78.55. The price might increase after a fall to a six-week low at $77 this week. The breakout from the support level to the downside which occurred yesterday might be a fake-out. A rally might occur as we are moving towards the holiday season, the demand for crude oil products might increase. The price might reach $80 and beyond in the next weeks.