Vertiv is an American provider of equipment and services for data centers. Vertiv Holdings was formerly known as Emerson Network Power in 2016. As of now, Vertiv has a total staff strength of 27,000 globally. Vertiv Holdings had its IPO in July 2018 at $9.68. It is listed on NYSE as $VRT. On the monthly chart since its IPO, price ranged until December 2019 when a new high was reached at $12.43. Just like most stocks, $VRT dipped during the lockdown to an all-time low of $4.76.
As price bounced from the all-time low, a major rally occurred, which took price to $28.88 in September 2021. Despite the price fall of Vertiv in 2022, the company had a revenue of $5.6 billion. The value of Vertiv Holdings dropped as a result of material and freight inflation. It was $40 million worse than expected, and “foreign exchange, divestitures, and other” was $45 million worse than expected in 2022.
Since the beginning of this year, Vertiv Holdings has brought relief to investors as price rallied to break the previous high at $28.88. On the 2nd of August 2023, price of $VRT jumped to $33.01 from $26.51, which was the close of the previous day. The gap-up is yet to be corrected as price is currently consolidating despite general market trends in the last one month being bearish.
The all-time high stands at $36.73. This was reached on August 4, 2023. We foresee a breakout to the upside in the coming weeks leading to a new high which will replace the current all-time high.
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.
It’s indeed a bullish year for the crypto market as major crypto assets reached new highs. Bitcoin has hit new highs every month of this year except for May when a retracement occurred from April’s high of $31,000. The current 2023 high stands at $31, 850, which was reached on July 13. Price retraced as it went down to $28,929 to form a new support. The current price of Bitcoin as of this writing is at $29,305.
We might be seeing a rally back to the year’s high at $31,850 which also stands as the current resistance level. Even better, the rally could break this resistance to the upside. On the daily chart, RSI indicates that price has been overbought and price is currently in the lower region of the Bollinger bands. The weekly chart is yet to show that price is overbought, but it has been oversold since June 2022. As Bitcoin rallies, other crypto assets could rally in the coming days. We could see Bitcoin above $32,000 for the first time since May 2022.
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.
As an investment company with a strong interest in the emerging markets in Africa, we continue to play our part in searching for opportunities to invest in and support startups that have a measurable impact on the lives and livelihoods of those living on the African continent. In the last 3 years, we have invested in startups in proptech, fintech, transportation, and health. And in 2022, our goal was to venture into unexplored territories and invest in startups in other industries.
We first met the the founders of Trueflutter, Dare Olatoye and Ayo Olatoye, back in 2019. It was our first meeting with a company tackling love in Africa (starting in Nigeria). Well, now, I’m old school: I like to meet guys in person. I would probably never be on a dating app if not for covid and I’m still not really on them. So Dare and Ayo had a lot of convincing to do lol. And they did. I came away from that first conversation with them really impressed with what they are building. However, we passed on investing at that time as we were concerned with their burn and ability to raise more funding. We were wrong.
Fast forward 2 years and a TrueFlutter deck came across my desk again. I was pleasantly surprised to learn that they had successfully closed that round we passed on and had gained considerably more revenue traction. Then in early in 2022, our team met with Dare and the team in Lagos for the first time. In that meeting, they gave us a breakdown of how Nigeria’s teeming youth population are in search of genuine connections. They further explained to us how most single Nigerians have to rely on western dating apps to find partners. The founders themselves had used these dating apps and shared how frustrating and exhausting their experience was. This was not necessarily because those apps were not good but because the apps weren’t configured to incorporate the unique cultural context and socioeconomic peculiarities of a country like Nigeria. Although they complained, lol, they decided to do something about the problem. And thus, TrueFlutter was born.
The Dating App sphere in Nigeria is not exactly at ground zero. Many Nigerian dating apps have been developed but there has not been any measurable impact so far. Many of the subscribers of these dating apps fall into the hands of scammers and kidnappers. And as word-of-mouth spreads, people eventually desist from using these apps and from inputting their private information, and such apps die a natural death or morph into some dark-web pseudo-porn tool. TrueFlutter, being well aware of these problems, created solution with features to address these pain points and give singles a far more superior experience.
In Q2 2022, our team began to carry out our due diligence on TrueFlutter. We scrutinized the app’s features (security, billings, design, etc.) and we concluded that Dare and Ayo were really on to something. We saw how they carefully addressed the problems faced in that space particularly security and the assessment of how real or fake a user is. The traction in monthly active users went from 0 to more than 50,000 subscribers between January to December 2021. Their user base expanded beyond Nigeria with connections happening now in Kenya, Ghana, and South Africa. Users has given positive reviews of the app. And most importantly, the company is converting users to paid customers.
In August 2022, we were glad to make an investment in TrueFlutter. We believe that this dating solution will be used by millions of Nigerians and Africans as long as they allow their purpose to guide them every step of the way. We are glad to be investing in an enterprise that is positively impacting social relationships in real-time. Go TrueFlutter!
Coinbase Global Inc. is an American publicly traded company that operates a cryptocurrency exchange platform. It is the largest cryptocurrency exchange in the United States by trading volume. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam.
From the resistance level at $357.39 where it was on November 9, 2021, Coinbase stock fell to the all-time low at $32.53 on December 28, 2022. Since August 2022, $COIN has maintained a resistance level at $116. In the same August 2022, price fell below $100. For almost one year, price of $COIN has been trading below $100 up until the week of the 10th of July when price crossed the psychological level of $100 to the upside. The price is currently at $106.67 as of the time of this writing.
The bullish momentum might come to an end soon as the bears could push price to $40 in the coming weeks. RSI has shown us on the daily chart that price is overbought. This could be an indication of a possible price reversal.
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 in your portfolio? Schedule a meeting with us here.
On the 4th of January 2023, we wrote an article on our outlook for FTSE 100 in 2023. In this article, our analysts concluded that there will be a rally in 2023 which will lead to a breakout of the 2022 resistance level of 7682. The breakout occurred in January 2023. After price broke out, the rally continued as FTSE 100 reached an all-time high of 8040 in February 2023.
The value has continued to drop since the price reached 8040. As of the time of publishing this article, FTSE’s price has fallen to 7268 which is lower than the opening price of the year which was 7457. This indicates that all gains in 2023 have been lost. Based on our analysis, we might be seeing price of FTSE 100 bounce above 7600 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 indicies in your portfolio? Schedule a meeting with us here.
On the 25th of January, 2023, we published an article when the price of Gold reached the psychological level of $1900. We forecasted that Gold will rally to hit $2017. That target was reached in May 2023. This is the third time the price of Gold is retesting the resistance level at $2079 since August 2020 when the price hit $2079 for the first time. Price has been falling since the retest was reached. Last month’s candlestick closed bearish.
On the monthly chart, XAUUSD has been overbought on the RSI since August 2020 and has not shown any indications that price has been oversold. This is one of the reasons there might be a price fall in the coming weeks. Looking at the Bollinger bands on the weekly chart, price has crossed to the lower level of the Bollinger bands. On the weekly chart, price also shows that it has been overbought at three different times since 2020. We are seeing a bearish turn this month and it could continue as we might see the price of Gold fall below $1900 in the coming days or 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.
Carvana is an online used car retailer based in the USA. iT is the fastest growing onlin used car dealer in the UNited States. Carvana was named to the 2021 Fortune 500 lisy, one of the youngest companies to be added to the list. It can also be classified as an E-commerce company. As of 2022, Carvana has a total staff strength of 16,600. The revenue as of 2022 was $13.6 billion. In April 2017, the company went public and began trading on the NYSE under the symbol of $CVNA. As of June 2023, Carvana has a market cap of $4.49billion. It is the world 2663th most valuable company.
Since the all-time high of $CVNA was reached at $378 in August 2021, the price has fallen badly as price reached the all-time low at $3.06 in December 2022. Price opened in 2023 at $4.29 and the year has been largely bullish with price currently at $23.32. There was a 10% surge in value on June 16 which took price to the year’s high at $28.75. On the daily chart RSI shows price is overbought, despite that, we might see a rally to $40 in the coming weeks.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.
GameStop ($GME) is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Texas, USA. GameStop is the largest video game retailer in the world. GameStop was founded 39 years ago. As of January 2023, GameStop had 4,413 locations. The revenue as of 2022 was at $5.93billion. In 2022, $GME had a full-time employee strength of 11,000; and 14,000-27,000 part time employees as of January 2023.
On the 8th of June, a gap-down occurred but as of the 12th of June 2023, a rally occurred to close up the gap-down. On that day, $GME opened at $22.85 and closed at $24.30 i.e. $GME gained 7.14% in a single trading day. However, our analysis forecasts that $GME bears will take control of the price movement regardless of the recent rally. The price of GameStop might fall from the current price of $25.80 to $17.62 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.
The GBPUSD pair has been in a bearish movement since the beginning of 2021. The support level of GBPUSD stands at 1.03696, which was reached in September 2022. This point also stands as the all-time low of the pair. After this low, price rallied through the rest of the year, that is, in October, November, and December of 2022. The bullish momentum continued in 2023 as the bulls began to push price to new highs.
As it stands, the dollar has continued to lose its strength against the pounds. The GBPUSD bulls could push price higher in the coming weeks. The price could reach 1.25000. The current price as of the time of publishing this article is at 1.24210. On the monthly chart using the RSI, the price has been oversold. The candlesticks are in the upper region of the Bollinger Bands. There are higher lows and higher highs already being formed on the daily chart. If in the short-term, price is able to hit 1.25000 as mentioned above, then we forecast that the bulls might be able to push price to 1.26000 later in the year.
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.
The Standard and Poor’s 500 commonly known as SPX or S&P 500 is a stock market index that was founded 66 years ago. It is one of the most commonly followed equity indices. As of December 31, 2020, more than $5.4 trillion was invested in assets tied to the performance of the index. As of December 31, 2022, the market cap of SPX was at $33trillion. Since SPX was launched on the stock exchange in 1972 at $4.49, the index has been on a long-term bullish run. Each time a correction occurs on the monthly chart, the price of SPX reaches a new high. The all-time high of SPX is $4,822 which was hit in January 2023.
The opening price of SPX in 2022 was $4,777 and closed at $3,825. The stock index had a woeful 2022. 2023 has been bullish with SPX opening for the year at $3,856. 2023’s high was hit this month at $4,215. The support level of SPX in 2022 was $3,497. In the coming weeks, we might see the price of SPX fall to $3,497 from the current price ranging a little bit above $4,000. As of the time the article was written, the price is at $4,115.23.
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
