It has been a week since I posted my previous article but the S&P 500 stock index has managed to decline from 2800 to the low of 2475. On the whole, since February 20th, the decrease in the S&P 500 has amounted to 28%, which is the greatest decline of the index in the last 10 years. The current situation can easily be called a crisis, and its reason is not some overheated economy or a bubble in some sector but a virus.
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Coronavirus keeps threatening the world economy. The S&P500 index is again trading near its recent lows: by the moment this article is published, it will most probably have broken the support level at 2,850 USD and go on declining.
Today I would like to suggest considering a trading idea to sell EUR/USD and Apple (NASDAQ: AAPL) stocks.
The time has come for coronavirus to influence the quotations of stock indices as well. While a month ago these were just rumors, now investors are seriously worried about the probable troubles of Chinese companies.
Each company has a limited number of buyers who can purchase its goods. What if the company has reached the limit? Let's see on General Motors example.
On February 4th, Tesla stocks reached their all-time high of 969 USD per stock. What is such growth of Tesla stocks based on?
Today, we will look a bit away from analytics and speak about the market and the situations that the trader may find themselves in, working by the Pump and Dump system.
The opportunity to make some money on the epidemic is not to be disregarded with disgust, because everything in the world is interconnected. Buying stocks, you invest in the company that, in its turn, invests in the invention of the vaccine. Thus, you do not make the situation worse, you help solve the problem.
5G networks are the next milestone in the development of the telecom segment. Shares of companies providing services in this market have solid prerequisites for growth.
The 12-year cycle of the growth of the US economy is going on. This is the longest period to be without a crisis. The beginning of 2020 keeps cheering investors up, the stocks keep renewing all-time highs. The ones who bought them earlier grow happier.
I have to say that FedEx position on the market of mail delivery has become even poorer. The reason is in the fact that the management did not take seriously Amazon taking up delivery. Now the former best client has become a severe rival to FedEx.
In November, Disney stocks renewed their historical maximums and set a new record of $152.49 per stock. The catalyst for the growth was the launch of a streaming service Disney+.
On the whole, on the stock market, it is thought that the higher the company's capitalization, the lower the risk of investing in it. Among the companies with the capitalization of over 200 billion USD, there are three leaders.
Sorrento Therapeutics (NASDAQ: SPNE) is a state biopharmaceutical company developing new ways of cancer, inflammation, and autoimmune treatment.
Those who wanted to play short lost it again. It seemed that the losses of the traders (accumulating to 5 billion USD, according to some sources) who wished to make a fortune on the decline of Tesla (NASDAQ: TSLA) stocks should have taught the rest a lesson. Alas, the current situation demonstrates that the bears still refuse to believe that Tesla stocks may go on growing.