STOCKS Archives - Page 2 of 13

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.

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.

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.

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.

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.

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.

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

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.

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

April 26, 2023April 26, 2023

Tesla’s Share Price Dips to Previous Month’s Low

From the all-time of Tesla in November 2021 at $418 per share, the $TSLA share price has been falling in value. All investments made at the beginning of 2022 ended in negative figures due to the one year plus bearish trend. Despite the bearish trend in the market, Tesla made a revenue of US$81.46billion in 2022.

Despite the bearish trend of 2022, price of $TSLA was beginning to rally in 2023. with the price bouncing from the 2022 support level of $101 to the 2023 high of $218. In recent weeks the bears have pushed price to $155 and this could continue for some time.

On Thursday the 20th of April, 2023, the tesla share price opened with a gap down at $166. The lowest in the previous month was $164. The price on that Thursday closed at $163.04, a little bit lower that the March 2023 lowest price. Since the gap down, the bulls have failed to make a turnaround in the price as the price keeps falling.

ON the 4hr chart, RSI showed that price had been overbought at two different times in March and currently shows that price has been oversold once in April. We might be falling to $113 in the coming weeks.

April 25, 2023April 25, 2023

Bed Bath & Beyond Files For Bankruptcy As Price Falls Below IPO price

Bed Bath & Beyond Inc. is an American big box store specializing in home textiles, housewares, decorative home accessories and specialty items. The chain operates stores in the United States, Canada, Mexico, and Puerto Rico.

Bed Bath & Beyond was founded in 1971. It was counted among the Fortune 500 and the Forbes Global 2000. As of February 2022, $BBBY boasted of 32,000 employees with a total asset of $5.13billion. It is publicly traded on Nasdaq and Russell 2000 component. The last time $BBBY share price dipped was during the lockdown as price reached $3.75. Post-lockdown, there was a bounce to $54 in January 2021. The rally was countered with a bearish turn as price is currently trading at the IPO price of 1992 of $1.14. The current price of $BBBY is $0.1888 making it the worst price of $BBBY.

On April 23, 2023, the company filed for Chapter 11 bankruptcy and announced that it would be winding down its operations after several failed attempts to turnaround the company. ON the weekly chart, RSI showed that price had been oversold once. The price of $BBBY could trade around $1 for some months even if price would appreciate later, that is if the government comes to support the ailing company.

April 20, 2023April 20, 2023

Microsoft Share Price Reaches 2023 High

Microsoft is an American company that develops and distributes software and services such as a search engine (Bing), cloud solutions and the computer operating system, Windows. As of April 2023, Microsoft has a market cap of $2.129 Trillion. This makes Microsoft the world’s second most valuable company by market cap. According to Microsoft’s latest financial reports the company’s current revenue is $204.09 billion. In 2021, the company made a revenue of $184.90 billion which was higher than that of 2020 at $153.28 billion.

Last year was not so good for $MSFT after price dipped from the year’s high at $326 and closed at $238. There seems to be a bit of hope as Microsoft share price has rallied and it is about to reclaim the $300 threshold. Price currently stands at $286.89.

On the 6th of April, Microsoft’s share price reached $292, making it the highest point that Microsoft’s share price has reached in 2023. The stocks of several tech firms are currently appreciating, which is reflected in the S&P 500. Our analysts see Microsoft’s share price reclaiming the $300 pyschological level in the coming weeks.