NYSE Archives - FaithMight

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.

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

September 4, 2024September 4, 2024

Nvidia Stock Falls After Earning Report

As of September 2024, NVIDIA has a market cap of $2.692 Trillion. This makes NVIDIA the world’s third most valuable company. Nvidia lost $279 billion in value during yesterday’s tech-market selloff, the biggest single-day market-cap decline on record. Prior to this price fall, price of Nvidia fell by 8% on Monday. Nvidia posted modestly better-than-expected second earnings last week, albeit against elevated expectations for the market’s hottest stock.

Despite the recent loss in the value of Nvidia, it’s still been a profitable year for Nvidia. The opening price of Nvidia in 2024 was $49.49. Price reached an all-time high in June 2024 at $141.41. After this high price, there was a correction. This correction made price hit an August low at $90.20. A bounce has since then occurred with the current price at $108.61 as at the time of this publication.

Price of Nvidia might fall to $78.91 in the coming weeks as the bears are active. Price has been overbought using the RSI on the daily chart multiple times, but the four-hour chart shows price has been oversold. This oversold position is not a guarantee for a price recovery. Price is currently in the bear region on the four-hour 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 stock in your portfolio? Schedule a meeting with us here

August 2, 2024August 2, 2024

Target Corporation Bounces From Support Level

As of August 2024, Target has a market cap of $69.45 Billion. This makes Target the world’s 265th most valuable company by market cap according to companiesmarketcap. The opening price for this year was $141.80 and price rose to $181.88 in April, which is the highest point in 2024.

In October 2023, Friday the 6th, the lowest price of $TGT was $102.90, as last year was not a good year for the $TGT investors. The market was fully bearish up until the first week in October, as a bounce from the support level occurred. Since the bounce occurred, price has rallied to $181 after which it has dropped to the current price at $147.85 per share as at the time of this writing.

2022, 2023 and 2024 have maintained the same high at $181. On the daily chart, there is an inverted head and shoulder formed already, this could lead to the rally that will break the current resistance at $157, and push price to hit $175.

May 29, 2024May 29, 2024

Microsoft Remains The Only Company With A $3Trillion Market Cap

80% of the most valued companies in the world are in the United States, with Microsoft as the world’s number one valued company at $3.198 Trillion market capitalization. In the last one year, Microsoft has appreciated by 29.92%. After the March 2024 high at $430.80, price dipped to $388.17, which was the lowest price in April 2024. From the low in April, price has bounced to an all-time in May. The all-time high to $433.61 is just a little breakout from the previous high of March. The second most capitalized stock in the world is Apple at $2.913 Trillion., Microsoft remains the only company with a market capitalization of over $3 Trillion at the moment.

According to Microsoft latest financial reports the company’s current revenue (TTM) is $236.58 Billion. In 2022 the company made a revenue of $204.09 Billion, an increase over the year 2021 revenue that was $184.90 Billion. Also, according to Microsoft’s latest financial reports, the company’s current earnings (TTM) is $105.26Billion. In 2022 the company made earnings of $82.58 Billion an increase over its 2021 earnings that was $79.68 Billion.

The current price of $MSFT is at $430.32. The Microsoft bulls have been in charge of the growth since the low in 2022. Despite many overbought positions on the RSI using the weekly chart, RSI has continued to reach new highs. The $MSFT will continue to see new highs in the coming weeks.

April 24, 2024April 24, 2024

Google Rebounds

The share price of Google over the years has been outstanding despite the bearish run in 2023. This year has been a year of recovery. The price at the beginning of 2024 was at $84.01. There was a dip in 2022 and that dip happened after the high of $159.50 in November 2021. All gains in 2021 was lost as result of the bearish run in 2022 and this bearish run found support at $84.01. The bullish takeover started at the beginning of 2023 and the run has continued to 2024.

The opening price of $GOOG in 2024 was $139.53. The bulls have been able to make price rally beyond the 2021 high at $159.50. The first breakout to the upside was in January 24. February recorded a few losses. In March, there was a record of gains as the second breakout to the upside was recorded this month. The breakout has made the price of $GOOG reach a new all-time high at $161.86 which hit on the 12th of April.

After the recent high was reached, the bears temporary took position as price dropped to $154.16. There is a rebound in price as the bulls have regained some of the losses of last week. The earning report of Google will be released on the 25th of April. This might not be favorable to the price of $GOOG as the price might fall to $155 from the current price of $159.92. On the monthly chart, RSI shows price has been overbought in 2021 but yet to be overbought in 2024 despite the new highs.

February 14, 2024February 14, 2024

Amazon Price Reaches 2024 High, Jeff Bezos Sells $2billion Worth of Shares

As of February 2024, Amazon has a market cap of $1.751 Trillion. This makes Amazon the world’s 6th most valuable company by market cap. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth. This year, $AMZN crossed the borderline of $1.7 Trillion market cap for the first time.

The current price of $AMZN as of the time of this publication is at $168.64. Recently, Jeff Bezos sold roughly $2 billion worth of his Amazon stock according to financial filings. Despite this latest divestment, Bezos retains a significant stake in Amazon, holding approximately 964.2 million shares and representing 9.3% of the company’s outstanding shares. While stepping down as Amazon CEO in July 2021 and handing the reins to Andy Jassy, Bezos remained chairman. He has steadily transitioned his focus towards his space venture, Blue Origin, while gradually reducing his active role in Amazon’s management.

In the coming weeks, the price of $AMZN could fall to $120 as a result of Jeff’s huge sales of the shares.

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

January 24, 2024January 24, 2024

Against All Odds, SPX Hits A New High

S&P 500 was founded 66 years ago. It is traded in 3 exchanges including NYSE and NASDAQ. The S&P 500 is used to track the best 500 traded companies in the United States. The market capitalization of S&P 500 as of December 29, 2023, was $42 trillion. SPX made a historical move from the lockdown low of $2196.55 to the previous high at $4864.61. That was an over 120% increase in a 2-year bullish run.

This month makes it two years the S&P 500 price hit a new high. A breakout to the upside occurred on the 19th of January which has made SPX’s price hit a new high at $4865, the rally has continued as SPX continues to hit new highs as price is currently at $4,891.

The bullish momentum for SPX might be cut short soon as the bears might push price lower to $4133. On the daily chart, RSI has shown the price has been overbought multiple times since November 2023. As a result of the new high in January 2023, the RSI has hit the overbought position.

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

November 21, 2023November 21, 2023

Tesla’s Share Price Might Fall Below $200

The American company that manufactures and sells electric cars, as well as power storage and photovoltaic systems, Tesla Inc., is currently ranked the 9th biggest company in the world by market capitalization. The current market capitalization as of yesterday, November 20 2023, was $748.95billion. In the last one year, the value of Tesla has risen by 40.35% with the current share price at $235.60. It has been a bullish year for the $TSLA stock. From the year of IPO when the price of Tesla was $1.09 to the current price at $235.60, it has been a profitable deal for investors.

The adoption rate of electric cars in the world has increased over the past few years as it is receiving widespread acceptance across many nations. This month of November, the value of $TSLA has increased by 17.31%, as price has rallied from the month’s low of $197.85. Price of $TSLA is currently below the trendline as we might see price fall in the coming days. On the 4hr timeframe, RSI has indicated that the price of Tesla might fall soon. The next fall might see the price of $TSLA fall below the psychological level of $200.

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 companies in your portfolio? Schedule a meeting with us here.

November 7, 2023November 7, 2023

Google Currently Trading Above $130

As of November 7, 2023, Alphabet (Google) has a market cap of $1.637 Trillion. This makes Alphabet (Google) the world’s 4th most valuable company by market capitalization. In the space of one year, the share price of Google ($GOOG) has appreciated by 42.97%. In the last 24hours, the market cap has increased in value by 0.83%. The revenue growth of $GOOG in the last 20years has been exponential. As of 2004, the revenue of $GOOG was $3.194Billion. In 2014, the revenue had increased to $66Billion yearly. Currently in 2023, the revenue of $GOOG stands at $297.13Billion.

As regards share price, this year’s high for $GOOG is at $142.17 which was on the 12th of October. On the 24th of October, there was a gap down from $139 to $129. November opened with a bounce from the October support level of $121, and the gap down was partly filled as price is currently at $131.45. We might see price rally in the next few days to $139. The rally might be temporary as we might see a fall in price to $85 in 2024.

August 29, 2023August 29, 2023

AMC Entertainment Holdings Lost 11% On The First Trading Day Of The Week

AMC Entertainment Holdings, Inc. is an American movie theatre chain founded in Kansas City, Missouri in 1920. The AMC Entertainment has the largest movie theatre chain in the world. The value of $AMC has been reducing since June 2021 after price reached an all-time high at $394.62. The bears has pushed price lower and have given no chance to the bulls to take over. As of the close of market on Monday, August 28, 2023, AMC share price fell from $11.99, which was the opening price for the day, to $11.07, which was 10.94% drop in price, approximately 11%.

On the monthly chart, it has been a woeful month for this stock. Currently in August, it has lost 74.76% of its value. The opening price in August was $43.50 and price is currently at $11.07. The price level reached yesterday shows price hit a major support level, which is the all-time low.

On the daily chart, price is oversold, which could be an indication for a bounce. There have been a few gap downs since August 15, we might see price recovery and gap downs being closed.