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Tag: STOCKS

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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

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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.

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

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Google Bounces From Support Level

The fourth most valuable company in the world, Alphabet Inc with the ticker $GOOGL currently has a market capitalization of $1.950 trillion with the current share price at $158.99. $GOOGL has appreciated with 14.41% in the last one year. The monthly chart is majorly characterized with higher highs and higher lows. The total number of employees as of today stands at 182,500 globally and in the last 7 quarters, $GOOG has been consistently profitable.

In July 2024, price of $GOOG reached an all-time high at $194.31. As soon as the high was reached, the bears pushed price lower which resulted in a bearish close for the last two months. Also, price has continued with the downward slope this month with the current price at $158.99 after a rally from the 3 months low at $148.64. The bulls seem to be fully back into action, as we might see a continued rally from the support level of $148.64. We could see price reach new highs, which could eventually make the price of $GOOG reach $200 before the end of this 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 stock in your portfolio? Schedule a meeting with us here

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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

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Nvidia Is Now The Third Most Valuable Company.

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.

The company was founded in January 1993 by Jen-Hsun Huang, Curtis Priem and Chris Malachowsky. In May 1995, Nvidia launched the NV1 (STG-2000), one of the first 3D accelerator processors (GPU). In January 1999, Nvidia was included in the NASDAQ (NVDA) and delivered the ten millionth graphics chip in the same year. In the Forbes Global 2000 of the world’s largest companies, Nvidia ranks 572 (as of: 2017 financial year). The company had a market value of approximately US $155 billion in mid-2018.

Fast-forward to May 2024, $NVDA is the third most valuable company in the world with a market capitalisation of $2.829 Trillion. On March 8, 2024, Nvidia reached a high of $977 before price fell to $755 in April 2024. A rally began in the latter part of April which has resulted into Nvidia reaching new highs in May 2024.

In the month of May, Nvidia had at least 5 Gap ups on the daily chart. $NVDA is currently at $1134. There might be a price reversal to these gap ups in the coming weeks. This reversal might eventually drop the price of Nvidia to $784. Eventually if Nvidia price fall to the $784 price level, Nvidia might no longer be the third most valuable company in the world. RSI on the weekly and daily shows price has been overbought.

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

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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.

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

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Tesla On A 7-Week High

Tesla started the year with an opening price of $250.43 per share. The year has been bearish for Tesla investors as the share price has continued to fall. The lowest price of Tesla in 2024 is $138.49 which hit on the 22nd of April. That low was last reached on January 23, 2023. The price has rebounded from the low and price is currently at $177.70. The bounce was a result of gap-ups on the 24th and 29th of April.

An inverted head and shoulder might be formed as a result of the price action, with the shoulders at $175.90 and the head at $138.99. News media across the internet stated that Tesla is said to cut off 500 employees in the supercharger team. Another news media says Tesla is about to layoff 10% of its global workforce, as Tesla CEO Elon Musk has announced the dismissal of two senior executives, Rebecca Tinucci and Daniel Ho and more hundreds of employees.

The RSI on the daily chart has shown that price has been oversold thrice this year, January, March and February. This could be an indication of a possible price reversal. We don’t see the layoff as a threat to the price of Tesla. Our analysts are projecting that price could rally to $268.92 in the coming weeks. This will automatically erase the losses of 2024.

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

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Walmart Had A Gap-Up, As They Prepare 3 for 1 stock Split

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States. Walmart reached an all-time high at $170 per share on 15 November 2023. After the all-time high, there was a gap down, which made the price of $WMT reach $158.69. The price continued to fall to $149.55 on 11 December 2023, which is currently a support level.

From the support level in December 2023, price rallied to the 2024 high at $167.95. On the 30th of January, Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. That same day, the price of $WMT closed at $165.64. The opening price the following day was $167.95 which indicated that a gap-up had occurred. The stock split is part of Walmart’s ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach. We might see the price of $WMT at $150 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 in your portfolio? Schedule a meeting with us here

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Coinbase Reaches 2023 High After Massive Fall in Price

Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform. The company was founded in 2012. Coinbase had its IPO in April 2021 at $327 per share. The major gains that $COIN IPO investors got was on the rally of Day 1. The all-time high of $COIN was at $420 which was also on that first trading day.

Each time the price of Coinbase tried to rally, the bears pushed price lower. The price was pushed down to $32 in December 2022, which currently stands as the all-time low. The fall from the IPO price in 2021 to the all-time low in 2022 showed that Coinbase lost 90% of its value.

As of November 2023, Coinbase has a market cap of $29.91 Billion. The opening price of $COIN in 2023 was at $36.73. The rally this year has made the price of Coinbase reach $131. The $131 price level is currently the 2023 high. We might see price fall below $100 in the coming weeks despite the rally.

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.

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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.

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.

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