STOCKS Archives - FaithMightFX

February 1, 2024February 1, 2024

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

December 4, 2023December 4, 2023

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.

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.

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.

October 10, 2023October 10, 2023

Nvidia Share Falls After An All-Time High

Nvidia Share Price falls after an All-time High

Nvidia Corporation is an American Multinational technology company founded in April 5, 1993. Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. Nvidia has a market cap of $1.118 Trillion as of October 2023. As of this year, Nvidia had a workforce strength of 26,196 and has made a revenue of $26.97 billion.

Unlike many other stocks, Nvidia investors enjoyed a smooth ride during the 2020 lockdown. Prior to 2020, the support level of Nvidia was at $28 per share in December 2018. The bulls picked up momentum and a rally began that would last between December 2018 and November 2021 when price peaked at $347.

A major fall in the price of Nvidia occurred after price hit $347. The reversal in price made price reach $103.61 in October 2022. That is to say, for the most part of 2022, the bears were in charge of the Nvidia stock. There was a bounce in November 2022. This bounce began from the 2022 low at $103.61 and continuously rallied until price broke the $347 high. An all-time high has been reached at $500 and this happened in August 2023. Recently, price corrected and fell to $410 in September as RSI has been overbought multiple times since January. In the coming weeks, we might see price rally back to $490.

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.

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.

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

August 15, 2023August 15, 2023

Vertiv Gains 29% Amidst The Current Market Situation

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.

July 13, 2023July 13, 2023

FTSE 100 Continues To Dip

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.

June 13, 2023June 13, 2023

GameStop Rally Might be Countered by the Bears

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.

May 17, 2023May 17, 2023

Salesforce Reaches 52-week High

Salesforce Inc is an American cloud-based software company. The company was founded on the 3rd of February 1999 in the USA. Since its founding, Salesforce has grown to one of the largest companies in the world. It had its IPO in 2004 at $3.75 per share. Salesforce is currently the 48th ranked company in the world with a market cap of $202.06Billion as of the 15th of May 2023. Salesforce is listed on NYSE as CRM. As of this year, Salesforce has a total staff of 79,390.

In November 2021, $CRM reached an all-time high at $311. The bears resumed activities after the high in 2021 and price fell throughout 2022 until it reached $126 per share. Before the end of 2022, there seemed to be a bit of hope for the bulls as a rally began. The opening price of $CRM at the beginning of 2023 was $135. This rally has resulted to a 52-week high at $206 on the 10th of May 2023. This rally could continue as price could reach $225 from its current price of $203.45.

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.