STOCKS Archives - Page 8 of 13

February 27, 2022March 1, 2022

Beyond Meat Slumps By 9.2% In The Stock Market

Beyond Meat went public in May 2019 and its IPO price was $45. From the month of the IPO to July 2019, which was under 90 days, Beyond Meat’s share price shot to $240 which became its all-time high. Following the dramatic surge in share price, Beyond Meat lost its momentum and took a downward slope over an 8-month period to $48 in March 2020.

Despite the share price almost falling back to the IPO price, the bulls were not giving up on Beyond Meat just yet, and so the bulls became active and it led to a rally in price to $220 in January 2021. The bears have been aggressive since then and for 12 months straight, Beyond Meat’s share price has kept falling.

On the 25th of February, Beyond Meat’s share price closed for the first time ever below the IPO price at $44.49. RSI has been oversold since December 2021. Taking into consideration the RSI readings and other technical indications, the bulls might become more aggressive in the coming months and the price may rally above $154 which is about 3X the current price.

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 and commodities in your portfolio? Schedule a meeting with us here.

February 17, 2022February 17, 2022

Fastly Loses Big

Fastly is an American cloud computing services provider, which is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users. The stock had its IPO in the spring of 2019. After surging in its debut and eventually doubling from its IPO price in the early fall, shares went down over 35% from their highs in the fourth quarter, putting many post-IPO investors in the red. $FSLY stock started trading at $21 per share. Fastly said it had sold 11.25 million shares at $21 each, raising $180 million. Fastly investors are back to the initial stage.

Before the current downturn of Fastly, the IPO investors made over 6x since its IPO. The all-time high of Fastly was in October 2020 at $136.45. The price of Fastly is currently trading at $20.27, a few points below the IPO price of $21.50. At the beginning of this week, $FSLY opening price was $27.70. Fastly has lost over 27% of its value from the beginning of the week. Until certain measures are taken before $FSLY share price could rally, though a gap-down has occurred which might be filled soon. Since the January 2021 monthly candlestick finished with a bullish one, only June and October monthly candlesticks finished on a bullish note, all other ones have been bearish.

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.

February 9, 2022February 9, 2022

Lyft Bounces From Support Level

All of Lyft’s profits gained in 2021 were lost before the end of the year. Despite the bullish ride from October to March 2021, the bears overpowered bulls as the share price slumped to $34 from the March 2021 high at $68. The lowest price for Lyft was at $15 which occurred in March 2020 during the global pandemic. The only time Lyft traded above the IPO price was April 1, 2019, the same day it was listed on the stock exchange. Lyft’s IPO price was $72 valuing the company at $20.5 billion.

Lyft investors post IPO have never had a reason to smile to the bank since most part of the time it has been listed on the stock exchange, it fails to trade above the IPO price. The next rally could push the price to a new resistance in the year 2022 at $55 as the price is currently trading at $41.20. The recent bounce is a result of LYFT’s Q4 earnings reports, as price rallies. The revenue rose to $969.9 million from $569.9 million from the previous quarter. Analysts estimated revenue of $940.07 million. RSI on the daily chart already shows the price has been oversold in December, as the price is currently in the upper region of the Bollinger bands.

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.

February 7, 2022February 7, 2022

Meta Share Slumps, The Worst Day Fall For Any Stock

The Facebook parent company, Meta Platform Inc plunged 26% last week Thursday after the release of poor earnings results. About $251.3 billion in market value was wiped out, making it the biggest daily loss for any U.S. company ever. As a result of this fall, Mark Zuckerberg lost over $30 billion. This massive fall of Meta made other tech stocks fall, the likes of Twitter, Snap, and Pinterest.

In the year 2021, the opening price of Meta was $274.79 and closed at $332.46. The appreciation in price put smiles on the faces of investors. Now, the reverse is the case this year. The opening price of the Meta stock was $338.26 but now the price is at $237.01, which is a 30% loss from the year’s opening price. Long-term investors have nothing to fear about the most recent dip in the price of Meta. In the coming weeks, the price could rally to $381, which will eventually lead to a new all-time high. There was a gap down when the market opened last week Thursday as a result of the earnings report. On Friday, Meta’s loss increased because of the continued bearish turn, but at the end of the trading day, there was a rally that formed a Doji. RSI using the daily time frame shows that price has been oversold, which could lead to a possible 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 stocks in your portfolio? Schedule a meeting with us here.

February 1, 2022February 1, 2022

S&P500 Bounces After The January Dump

A huge selloff has occurred in the price of $SPX since the beginning of this year after the market opened on the first trading day of the year at $4784.65. On the second trading day which was on the 4th of January, the price reached a new all-time high at $4817.87. The bearish confirmation was on the year’s third trading day after $SPX lost over 80 points in a day. The month of January was bearish for $SPX after its loss of over 260points, which was almost a 6% loss from the year’s opening price of $4776.61. Just like the American market, the European and the Chinese markets had a poor January as the market was majorly bearish. In January, $SPX had the worst month since March 2020. Our analysts forecasted the price drop of $SPX in one of our articles in January 2022.

The sell-off in January was due to the Fed signaling its readiness to tighten monetary policy, including raising interest rates multiple times this year to tame inflation that has shot up to the highest level in almost 40years. The $SPX has been a bull market over the decades. The sell-off in January was a normal correction expected in a bull market. The correction of $SPX made the price hit the lowest price in January at $4221.07. A bounce from the dip occurred in the last week of January as a Doji was formed, which could lead to the beginning of price recovery. The bulls are beginning to gather momentum as the price closed at $4505.15, about 7% price appreciation from the January low. As the bulls begin to become more active, the price could reach $4805.68 in the coming weeks. Price has currently crossed to the upper region of the Bollinger bands on the 4hr chart.

In the 12 months of 2021, $SPX had a new all-time high in each of them. $SPX has continued with a new all-time high in January before the dump. Will a new all-time be reached in February?

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 venture capital in your portfolio? Schedule a meeting with us here.

January 27, 2022January 28, 2022

Microsoft Appreciates After Earnings Report

Microsoft reported earnings beat analyst expectations. The earnings per share came in above what analysts had forecast, rising 22.2% year over year. Revenue also surpassed analyst estimates, up 20.1% compared to the same quarter one year ago. Microsoft’s opening price at the beginning of 2022 was $335.87. The price has since fallen to $296.71, making it the worst monthly fall ever. That is an 11% decline since the beginning of the year.

Furthermore , the company’s shares fell as much as 5% in post-market trading on Wednesday. Over the past year, Microsoft’s shares have made a return of 26.7%. The share price of $MSFT reached an all-time high at $349.69 in November 2021. Before the global market tanked a few days ago, the price had been ranging since that all-time was reached. The price of $MSFT reached $276.02 on the 24th of this month before a price correction. The last time price of Microsoft was at the $276.02 level per share was back in July.

The 15mins time frame is showing that an inverted head and should pattern is about to form, which, in the long run, leads to a massive bullish run. In the next few days, the price should fall to complete the head and shoulder. If this is completed, the price could reach $339.98. The market opened yesterday after a gap-up but closed on a bearish note. The global market has been very bad this week. The next rally might just be what investors have been waiting for since the holidays are over. The RSI daily chart already shows that the price has been oversold. This could be the indication the bulls are expecting.

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.

January 18, 2022January 18, 2022

Robinhood Trades Below IPO price

Robinhood opened at an IPO price of $38 and was valued at $32 billion on the 29th of July, 2021. $HOOD only rallied for a few days after its IPO to reach an all-time high on the 4th of August 2021 at $85.10. The first 5 trading days were the best days for $HOOD investors. Price closed yesterday at $15.17, making it the worst close since its launch on NASDAQ in July 2021. $HOOD has lost 56% in value from the IPO since it currently trades lower than the IPO price of $15.17. This is a huge disaster for Robinhood investors. The current market cap of $HOOD is $12.67 billion. Since its launch in the stock exchange at IPO price to date, $HOOD has lost $25.33 billion. Robinhood has only been trading in the exchange for just 7months.

Before its IPO, the company had seen massive growth despite the pandemic. Many first-time investors who were given stimulus checks invested in the stock market using Robinhood. As at that time, Robinhood had more than 18 million accounts and 17.7 million active monthly users. Robinhood had 22.5 million active users in 2021. On the daily chart, RSI has shown that the price has been oversold since November 2021. There have been many complaints from Robinhood customers over the inability to place a sell order or to a close position despite losses. We are hoping $HOOD doesn’t get to the point of being delisted from the NASDAQ.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

January 13, 2022January 14, 2022

Microsoft Bounces From The Year’s Support

After the all-time high of Microsoft was reached on the 22nd of November, 2021, the price has continued to drop from the highest close on the 28th of December 2021 at $343.00. From the trendline drawn from the all-time high in 2021, the price is yet to break it to the upside. Microsoft investors have little or nothing to worry about, as the price has appreciated in the last two decades.

Just recently, Microsoft hired a top Apple Engineer, Mike Filippo, to work on custom chips as it looks to expand its own server-chips efforts, according to people with knowledge of the matter. Filippo’s exit is a huge loss to Apple after he has served as a top designer of semiconductors at ARM for a decade. Microsoft’s 2022 opening price was $335.24. The $MSFT bulls have failed to show up since the holidays were over. Price keeps falling as low as $304.78 on the 10th of January, 2022, making it the year’s support level. A gap-up occurred yesterday from $315.06 to $319.57. This might lead to price recovery as our analysts look forward to the price of Microsoft reaching $341.48.

There is no indication of price reaching a new all-time high as we look forward to receiving the earning report of Microsoft on the 25th of January 2022. On the daily chart, RSI shows the price is overbought while on the 1hr chart price is currently oversold. The hire of Filippo might boost the share price of Microsoft in the coming weeks. The trendline 01 on the chart shows that price is on a bull trend despite the bad start in 2022. RSI though shows price is overbought on the chart.

January 5, 2022January 5, 2022

Apple Market Cap Hits $3Trilliion

Apple becomes the first company in America to reach the new milestone of $3Trillion Market Cap. The technology company has done tremendously since the pandemic. The pandemic lowest price was $53.32. The current price stands at $179.70 which is a day after the all-time high at $182.93 was reached. Therefore, investors have gained about 3x since the pandemic low. Since Tim Cook became the CEO of Apple on the 24th of August 2011, there has been a massive rally in the share price of Apple. He has been able to achieve about 10X in the last decade. The market cap has jumped from $340billion to $3Trillion. Apple investors have been enjoying a jolly ride due to good leadership.

In December 2021, our analysts concluded that the price of $AAPL should reach a new all-time high, which might eventually take the market cap to $3Trillion as a result of continuous profit-making. Going forward, a correction might occur which leads to the market cap dropping from $3Trillion. Apple’s share price might drop about 18% in the coming weeks, which might eventually bring the share price down to $149.07, a level below the September 2021 all-time high of $157.55. Since the latter months of 2019, the price of Apple has been overbought multiple times, as the price only had a few corrections. Meanwhile, there is no indication of price reversals.

December 3, 2021December 7, 2021

Will The Name Change of Square To Block Affects Its Share Price?

After 6 years of Square being listed on the stock exchange, the CEO Jack Dorsey, who owns 24.4% of the company, changes its name to Block. The main reason for changing the name is for expansion as the company intends to focus on new technologies such as blockchain. Before now, Square was known for digital payments with a focus on point-of-sale terminals and auxiliary equipment to process debit cards. Since its IPO in 2015 at $9, the share price has done 31X as it reached an all-time high in August 2021 at $289.05.

The lowest price of $SQ during the lockdown was $38.02. As the lockdown eased up, price appreciated above $200 before the end of last year. The price movement of $SQ in the last 11 months has been between $192.15 and $289.05. The range in the weekly and monthly chart has been broken to the downside this week as the price reached $185.72. $SQ is currently not showing an indication of a price reversal to the upside. Since the day Square has been changed to Block, the price of $SQ has gone south.