apple

After years of heavy pressure on revenues in the telecom sector, we make a call for near-term revenue stabilisation. From an operational perspective, the main themes for the telecom sector are the build-out of 5G and fibre networks. To improve the relative position of the sector regulators should review their measures to provide a more level playing field Source: Shutterstock War has a limited impact on the telecom sector European- and US-based telecom operators are rather insulated from the conflict in Ukraine. Major operators have no sales in the region, the exception being VEON, which is largely exposed, since it is active in Russia and Ukraine. Telekom Austria had only 7.4% of its FY 2021 revenues coming from Belarus. For now, the impact of the war seems limited, with most companies maintaining their 2022 outlook. Typically, demand for telecom services grows in line with GDP. If a severe recession would hit the global economy, teleco

Russia-Ukraine Conflict And The US Reaction Act On Markets

S&P 500’s Rally – Record Breaking Advance Or a Bull Trap?

Paul Rejczak Paul Rejczak 20.10.2021 16:32
Stocks prices got even higher yesterday, as investors reacted to corporate earnings releases. Will the S&P 500 reach the new record high? The S&P 500 index gained 0.74% on Tuesday, Oct 19 after breaking above the 4,500 price level. The broad stock market’ s gauge went closer to its Sep. 2 record high of 4,545.85. The quarterly corporate earnings releases are positive for the market and they are only starting to gain traction. Today we will get the TSLA earnings release and tomorrow INTC, among others. The market seems overbought in the short-term. However, there have been no confirmed negative signals so far. The support level is now at 4,485-4,500, marked by the yesterday’s daily gap up of 4,488.75-4,496.41 and the previous resistance level. The next support level is at 4,440-4,450, marked by the last Friday’s daily gap up of 4,439.73-4,447.69. On the other hand, the resistance level is at 4,525-4,555, marked by the previous local highs and the early September topping pattern. The S&P 500 extends its advance after breaking above a month-long downward trend line, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Let’s take a look at the Dow Jones Industrial Average chart. The blue-chip index broke above its over month-long downward trend line on Thursday, and on Friday it accelerated up above the 35,000 mark. Now, the nearest important resistance level is now at 35,500, marked by some previous local highs. The resistance level is also at the record high level of 35,631.19, as we can see on the daily chart: Apple’s Relative Weakness Apple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. The stock broke above its short-term resistance level of around $144-145. The nearest important resistance level is at $148-150. The stock is relatively weaker than the broad stock market, as it’s still trading below the July-August local highs. Futures Contract Gets Closer to the Record High Let’s take a look at the hourly chart of the S&P 500 futures contract. On Friday, the market broke above its downward trend line and it broke above its previous local high of around 4,470. The nearest important resistance level is now at around 4,520-4,550, marked by the early September topping pattern. In our opinion no positions are currently justified from the risk/reward point of view. (chart by courtesy of http://tradingview.com): Conclusion The S&P 500 index further extended its uptrend yesterday, as it broke above the 4,500 level. It’s getting closer to the Sep. 2 record high of 4,545.85. The market seems overbought in the short term. However, the coming quarterly corporate earnings releases (today it’s TSLA, and INTC on Thursday, among others) are supporting buyers here. Today the market is expected to open virtually flat and we may see an intraday consolidation along the 4,500 level or a downward correction. The risk/reward perspective seems less favorable right now and no positions are currently justified. Here’s the breakdown: The S&P 500 extended its short-term uptrend on Tuesday again, as it broke above the 4,500 level. We are waiting for a more favorable risk/reward situation and will probably enter a new speculative short position in the near term. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak, Stock Trading Strategist Sunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
The story of Amazon and Apple

The story of Amazon and Apple

Walid Koudmani Walid Koudmani 29.10.2021 12:51
Amazon and Apple disappoint investors as supply issues persist Yesterday's aftermarket announcement from the two mega cap giants surprised investors as both Apple and Amazon showed lower than expected results and disappointing figures. Both companies missed their revenue expectations and indicated supply chain issues as key issues facing their business, while highlighting the need to be cautious as the situation is resolved moving forward. Both stocks dropped over 3% in aftermarket trading and impacted US futures, which shortly before that managed to reach new all time highs, boosted in part by the positive performance seen from other mega caps throughout the week. While US indices hover around key levels, It will be important to see how they react to today's earnings from major oil companies (Exxon, Chevron) as further disappointment could lead to an even larger correction heading into the weekend.  Euro holds steady after mixed European GDP data  Today's GDP data from Europe proved to be mixed, with the French reading surprising to the upside while Spanish figures missed expectations. Data from Germany and Italy also was mixed as the Italian economy, just like the French one, grew much faster than expected in the July-September period while the German economy grew slower than expected. This comes after yesterday's disappointing US GDP figures which showed a below expected growth of 2% and highlighted the ongoing issues facing the economy in this stage of the post pandemic recovery. These GDP reports, along with inflation data continue to become increasingly noteworthy as central banks across the world are using these measures to potentially determine whether or not there is an immediate need for intervention as well as influencing future policy. Download our Mobile Trading App:   Google Play   App Store
Euro Bounces Back, but The Turkish Lira Remains Unloved

Euro Bounces Back, but The Turkish Lira Remains Unloved

Marc Chandler Marc Chandler 18.11.2021 15:17
Overview:  The US dollar's sharp upside momentum stalled yesterday near JPY115 and after the euro met (and surpassed) a key retracement level slightly below $1.1300.  Led by the Antipodean currencies today, the greenback is mostly trading with a heavier bias.  Among the majors, helped by a steadying of US yields, the yen is soft.  In the emerging market space, the Turkish lira continues its headlong plunge while the yuan softened and the Mexican peso is off.  Hungary's central bank surprised with a 70 bp hike in the one-week deposit rate.  The JP Morgan Emerging Market Currency Index is posting a small gain through the European morning.  Disappointing tech results in China (Baidu and Bilibili) weighed on Chinese shares, but most markets in the region fell but Australia and Taiwan.  Europe's Stoxx 600 is struggling to extend the six-day advance.  US futures are also a little firmer.  After yesterday's four basis point pullback, the US 10-year yield is little changed near 1.58%.  European yields are 1-2 bp lower.  Gold remains within Tuesday's range (~$1850-$1877), but the moment seen earlier last week has faded, and the yellow metal is trading choppily in a consolidative phase.  The prospect of a coordinated sale of oil after China's announced it would tap its reserves for the second time saw the January WTI contract fall to $76.45, its lowest level since early October. Still, the price has stabilized in the European morning around $77 a barrel.  The benchmark European natural gas contract (Netherlands) has extended yesterday's pullback.  It settled a little below 75 euros last week, and after two days of declines, it is above 92 euros.  Iron ore is also falling for a second session and is now lower on the week.  Note that it settled October a little above $104 and is now around $86.40. Copper is lower for the fourth consecutive session.  It is trading around $424, off $20.5 this week.   Asia Pacific  Japan is expected to unveil the much-awaited supplemental budget tomorrow.  Prime Minister Kishida will get one bite of the proverbial apple, and he is expected to go big.  Talk of the size of the overall package has risen in recent days.  The Nikkei seemed to suggest a JPY79 trillion (~$690 bln) effort, while others report something on the magnitude of JPY56 trillion.  Still, it is recognized that part of the budget will include funds that were earmarked under previous budgets, which have not been spent.  The clear water is seen around JPY32 trillion.  Japan is one of the few countries that will provide new fiscal support.   New Zealand's central bank meets next week.  It is widely expected to hike rates for the second time in the cycle.   The swaps market has 200 bp of tightening priced in for the next 12 months.  The cash rate stands at 50 bp.  Earlier today, the central bank reported that the two-year inflation expectations (business survey)  rose to 2.96% in Q4 from 2.27% in Q3.  It is the highest in a decade.  The one-year expectation rose to 3.7% from 3.02%.  Still, with other countries slower to raise rates, a 50 bp move may not be necessary.  The Kiwi rose almost 4% last month and has given back nearly half so far in November.  Separately, the Philippines and Indonesia central banks met and left rates steady as expected.   The dollar posted a key reversal against the yen yesterday.  It made a new high for the move, a few pips below JPY115.00, and proceeded to sell-off and close (slightly) below Tuesday's low.  However, follow-through selling has been limited, and the greenback is trading firmly but may be absorbing sales related to the $1.34 bln in options in the JPY114.20-JPY114.25 area that expire today.  The Australian dollar initially extended its losses to almost $0.7250, where a A$575 mln option expires today. However, since early in the Asian session, it has posted corrective upticks and looks set to challenge yesterday's high and five-day moving average a little above $0.7300.   The Chinese yuan appears to have begun consolidating.  It remains in the range set on Tuesday that saw the dollar trade roughly between CNY6.3670 and CNY6.3965.  The small gain is the third this week.  The PBOC fix was at CNY6.3803, a bit firmer compared with expectations (CNY6.3786 in the Bloomberg survey) than seen recently.  Note that there is a $1 bln option at CNY6.3830 that expires today.   Europe The auto industry in Europe remained under pressure last month, though the US reported its first increase in sales in six months.  New car registration in Europe, including the UK, is a proxy for sales.  They tumbled by slightly more than 30% year-over-year in October.  This is considerably weaker than expected and is the poorest since May 2020.  The shortage of semiconductors is the likely culprit, and there are some signs of improvement.  The EC will propose modest tweaks in rules about how funds outside of its borders (UK) can be managed while avoiding more dramatic changes.   Draft proposals call for at least two full-time senior managers in the EU and for regulators to be notified when most of their assets are managed outside the EU.  These seem quite minor and unlikely to disrupt the UK fund business.  Earlier this month, the EU Commissioner for Financial Services indicated that temporary waivers would be granted to allow EU banks and money managers to clear trades in the UK. Meanwhile, the dispute over fishing appears to be worsening (Denmark complaining, not just France), and the UK continues to threaten to invoke Article 16.  Former Prime Minister Blair says he will propose a solution to the dispute over the Northern Ireland Protocol in the coming days.  Hungary delivered a 30 bp hike in the base rate earlier this week, which now stands at 2.10%.  It warned that it could make a separate decision on its one-week deposit rate.  It did so today, hiking it 70 bp to 2.50%.  It is a hawkish move that sent the forint higher.  Separately, as widely expected, the Central Bank of the Republic of Turkey cut the one-week repo rate 100 bps to 15%. As a result, the lira is weaker for the eighth consecutive session.  The lira's weakness not only fuels inflation but also will challenge companies and banks with foreign exchange exposure.  The dollar finished last month near TRY9.60 and after the rate hike, pushed above TRY10.97 before stabilizing.   The euro overshot the (61.8%) retracement target of the rally that took it from near $1.0640 in March 2020 to high on January 6, around $1.2350.  That retracement target was about $1.1290, and the euro fell to around $1.1265 yesterday. It recovered to new session highs early in North America yesterday (~$1.1330), leaving bullish hammer candlestick, and follow-through buying lifted it to $1.1345 today.  The combination of higher inflation and stronger retail sales this week have helped sterling to recover.  It had traded near $1.3350 at the end of last week and has barely traded below $1.34 this week.  Indeed, sterling is rising today for the fifth consecutive session, the longest advance in nearly seven months.  It poked above $1.35, where an option for about GBP345 mln will expire today.  A convincing move above $1.3515 could signal another cent advance.  The euro slipped to below GBP0.8385 today before recovering.  It is testing the GBP0.8400, which holds options for 1.1 bln euros that also expires today.   America Leave aside the gaffes by President Biden over Taiwan.  Bloomberg counts four such verbal blunders that have required official walk back or explanation or clarification.  Reports indicate that Biden probed Xi about oil sales.  China has intervened in the commodities (industrial metals) and crude oil market recently.  Today it indicated it will provide more oil from its strategic reserves.  The September is action 7.1 mln barrels, according to reports, and privately sold more.  It is unclear whether today's sales were planned or grew out of the "virtual summit."  Still, it puts the ball back into the US court.  If the US does not sell or lend oil from its strategic reserves, it will look bad after China's move.  On the other hand, its own agency (EIA) projects that it may not be needed as oil will be in oversupply shortly.  Moreover, the pain for consumers is coming from gasoline prices, not oil per se.  Drawing down strategic reserves may not help the gasoline market.  Apparently, Japan has been approached by the US about coordinating the release of oil, though Europe was not.  The US reports weekly initial jobless claims today.  They have fallen for six consecutive weeks, and at 267k, it is the lowest since the pandemic struck.   That said, at the end of 2019, there were below 220k.  The Philadelphia and Kansas City Feds publish their November survey results.  Both surprised last month, with the former on the downside and the latter on the upside.  This time it may be the other way around, with the Philly survey showing strength and the KC survey softer.  Canada reports its monthly portfolio flow data ahead of tomorrow's retail sales report.  Mexico and Brazil have light economic calendars.   Canada's Prime Minister Trudeau and Mexico's President AMLO visit Washington today for the North America's Leaders Summit.  There is tension among the "three amigos."  The Build Back Better US initiative contains several elements that favor American producers. A key one is that substantial tax break for Americans buying electric vehicles if they are made in the US.  This would seem to put Canada and Mexico at a disadvantage, given the integration of the auto sector on a continental basis. Mexico and Canada are also concerned that the Biden Administration's interpretation of the domestic content requirement in the USMCA treaty is also narrow and puts them at a disadvantage.   Canada is also concerned about the pipelines after Biden nixed the Keystone Pipeline in one of his first acts in office, and the Line 5 pipeline is being challenged by Michigan.  The US, and to a less extent, Canada, is worried about the efforts by AMLO to increase the power of the state sector energy companies (oil and electricity), deterring private sector efforts.  The US may try pressing against this on environmental grounds.  Climate and immigration are reportedly on the top of today's agenda.  The US dollar reversed higher against the Canadian dollar on Tuesday, posting an outside up day.  Follow-through buying yesterday lifted the greenback a little above CAD1.2620.  It ticked ever so slightly higher today but has come back offered.  Support is seen in the CAD1.2555-CAD1.2575 area.  The $1.04 bln option at CAD1.25 that expires today is too far away to be impactful. Meanwhile, the US dollar remains within Tuesday's range against the Mexican peso (~MXN20.56-MXN20.85).  This range looks set to hold today.   Disclaimer
Ahead Of The US CPI, Speaking Of Crude Oil And Metals - Saxo Market Call

Market Quick Take - November 25, 2021

Saxo Bank Saxo Bank 25.11.2021 09:49
Macro 2021-11-25 08:45 6 minutes to read Summary:  Asian stocks and US equity futures traded higher overnight as traders weighed Chinese efforts to support its economy, and after solid US economic data combined with persistent price pressures added to market concerns, the Fed may speed up its removal of policy support to curb inflation. In Treasuries, shorter maturity advanced while longer dated retreated after failing to break key resistance. The dollar trades close to a 16-month high while the crude oil market held steady with focus on next week's OPEC+ meeting. US cash markets are closed for Thanksgiving today with limited price activity expected. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) - yesterday’s less bad than feared PCE inflation for October reversed momentum in US interest rates and pulled equities and especially US technology stocks higher. With the recent Powell and Brainard statements it is clear, that the Fed will put more weight on inflation than employment as we go into 2022, and thus the pressure will remain on interest rates and high duration assets such as technology stocks. Nasdaq 100 futures sit at 16,414 in early European trading and will have to overcome the 50% retracement level at 16,435 in order to continue the upward momentum. USDJPY – while US equities and US interest rates turned around yesterday, the reaction in USDJPY was less muted ending the sessions higher underscoring the strong USD momentum. The outlook is still predominantly a question of “will it or won’t it sustain a break above 115.00” which depends on whether the US 10-year yield can push into new highs for the year above the 1.75% level. Gold (XAUUSD) trades higher after once again managing to find support in the $1780 area. Another strong read on US inflation, this time the Fed’s favored PCE Deflator, helped flatten the US yield curve with the yield on short dated maturities rising while US ten-year notes ended lower after failing to break key resistance in the 1.7% area. The big price slump below $1830 this week was primarily caused by long liquidation from funds who had been rushing into gold before and after the recent CPI shock. Gold’s short-term ability to bounce will mostly depend on whether the washout has triggered a big enough reduction of recently established and now loss-making positions. From a technical perspective, a break above $1816 is the minimum requirement for calm to emerge. Crude oil (OILUKJAN22 & OILUSJAN21) has settled into a nervous wait-and-see mode with focus on the Dec 2 OPEC+ meeting after its advisory board said the US-led coordinated release of reserves may drive a crude oil surplus early next year. This comes after the alliance called the move unjustified given current conditions and as a result, they may opt to reduce future production hikes when they meet on Tuesday. Yesterday’s EIA report was price supportive with crude oil stocks only seeing a small 1 million barrels increase despite a sharp drop in exports and another injection from strategic reserves. US treasuries (SHY, IEF, TLT). Yesterday, we received a thorough list of data, which might have just given more reasons to the Fed to accelerate the pace of tapering during the next FOMC meeting. The PCE index rose to 5%, the highest since 1981 while inflation expectations for the next 5 years stuck to 3%. Jobless claims fell to the lowest since 1969, indicating that jobs are recovering fast. Lastly, the FOMC minutes showed that members are beginning to worry about less transitory inflation, provoking rate hikes expectations to accelerate by the end of the day. However, due to the looming holiday, US Treasuries remained muted. 5-year UST futures this morning are down during the Asian session despite low liquidity, indicating that sentiment is bearish. Friday’s trading session will also be affected by low liquidity due to the Thanksgiving schedule. We will have a better picture on Monday, but it looks likely yields will continue their rise and the yield curve flattening. German Bunds (IS0L). The new German government unveiled a governing coalition deal. Among the extensive list of policies, bond investors should focus on an accommodative fiscal policy for 2022 and 2023, the beginning of a “decade of investment” and the rejection of a new lockdown amid a record rise of Covid cases. More spending translates to higher Bund yields. However, yields remained mutes as Europe becomes the new epicenter of Covid-19 infections. Yet, Bunds remain vulnerable, and rates might move higher as US Treasury yields resume their rise. Italian BTPS (BTP10). Italian government bonds remained in check as governments in Europe move forward to impose new restrictions due to a rise Covid-19 infections. Yet, investors should remain vigilant as the PEPP program will still end in March. To weaken sentiment in BTPS further is also the news that President Mattarella is going to vacate his position in January leaving a political vacuum. Parties are pushing Draghi to il Quirinale to get rid of him and go to early elections. If that were to happen, the stability that Italian BTPS enjoyed since Draghi entered in Italian politics will vanish provoking a fast widening of the BTPS-Bund spread. What is going on? Europe’s Covid problem is deteriorating, and with the region now accounting for almost 60% of global Covid deaths, the risk of more lockdowns and restrictions continue to rise. German business climate in November slumped slightly more than expected to its lowest in five months as local companies grapple with supply bottlenecks and the mentioned fourth wave of COVID-19. Fed officials at their last meeting were open to removing policy support at a faster pace to rein in inflation. Since then, data have shown accelerating price pressure, not least after the Fed’s favorite gauge, the PCE Deflator rose 5% YoY, the fastest pace in three decades. "Various participants" noted the FOMC should be ready to tweak the tapering pace and raise the target range for the Fed funds rate sooner than currently expected if inflation continues to run higher, minutes showed. By now, the market has priced in a total of three rate hikes for 2022. EU gas trades higher again today, reaching $30.7/MMBtu (€93.5/GWh) today in response to rising winter demand, low power production from wind farms and increased competition from Asia which is ramping up its LNG imports. Sky-high day ahead prices for power adding to the pain with some countries approaching record highs. Power plants are burning more coal which is cheaper and more profitable and it has helped drive the emissions future (CFIZ1) to a new all-time high this week above €72.5 per tons. What are we watching next? The USD and US interest rates will make or break equities - it is clear that interest rate sensitivity is picking up as a theme as US interest rates are trading just below the two recent local highs in March and October. The USD is strong which puts pressure on emerging markets and any indications that the USD is losing momentum will improve flows into emerging market equities and bonds. Black Friday consumer spending – retail sales during Black Friday tomorrow and over the weekend is often a good barometer on consumer confidence and causes big moves in retailers the following week as their weekend sales are announced. Earnings Watch – with Thanksgiving today in the US market activity will be significantly lower than normal. Only earnings release today is from Norwegian Adevinta, which has already reported with operating income in Q3 coming in a bit lower than consensus. Thursday: Adevinta Friday: Meituan, Pinduoduo Economic calendar highlights for today (times GMT) 0700 – German Q3 GDP 0700 – German GfK Consumer Confidence   Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: Apple Spotify Soundcloud Sticher
Apple (AAPL) Stock Price and Forecast: Can Apple take a bite out of $200 before year end?

Apple (AAPL) Stock Price and Forecast: Can Apple take a bite out of $200 before year end?

FXStreet News FXStreet News 09.12.2021 15:54
Apple stock powers on to more all-time highs on Wednesday. AAPL shares breach and close above $175. Is $200 a conceivable year-end target for Apple stock? Apple (AAPL) stock just continues to power on like a juggernaut. A powerful combination of momentum and fundamentals is pushing this one higher. Despite the market sell-off last week and earlier this week due to Omicron, Apple still found buyers. The stock has both defensive and offensive qualities. "Defensive" in terms of the huge cash pile it sits on and "offensive" in its entire business. The stock added another 2% on Wednesday, closing at $175.08. Apple is now up over 7% in just over a week, impressive when you consider the market background. Apple (AAPL) chart, 15-minute Apple (AAPL) stock news Apple was granted a motion to delay App Store changes that had been in the offing after the Epic Games ruling. Apple is appealing the so-called "Fortnite" issue as Epic Games is the creator of Fortnite. The ruling meant Apple would have to change some rules in order to allow links to outside payment systems. Because Apple is appealing the "Fortnite" ruling, it does not now have to make any App Store changes until that appeal decision. This likely means a multi-year-long reprieve for the App Store as the appeal will take time. A definite positive in our view. "Apple has demonstrated, at minimum, that its appeal raises serious questions on the merits of the district court’s determination," the 9th Circuit Court wrote on Wednesday-Reuters. Separately, Apple has lost more engineers from its car project to startup companies in the space, according to a report from Bloomberg. Apple (AAPL) stock forecast No resistance is in sight, obviously, when AAPL at record highs. The pivot level for short-term support is $167. Here we have some volume from last week, and also it is a breakout level for the move this week. The 9-day moving average will also likely track to this level today. Below the medium-term pivot is at $157, so Apple remains bullish above there. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) remain bullish, and volume has been strong behind this recent rally, indicating its health. AAPL 1-day chart
Will Stocks Continue Their Rally?

Will Stocks Continue Their Rally?

Paul Rejczak Paul Rejczak 13.12.2021 15:37
  The S&P 500 index got back above the 4,700 level on Friday after gaining almost 1%. The only way is up now? For in-depth technical analysis of various stocks and a recap of today's Stock Trading Alert we encourage you to watch today's video. Nasdaq 100 Remains Close to the 16,400 Level Let’s take a look at the Nasdaq 100 chart. The technology index got back to the 16,400 level last week. It is the nearest important resistance level, marked by some previous local highs. Tech stocks remain relatively weaker, as the Nasdaq 100 is still well below the Nov. 22 record high of 16,764.85. Conclusion The S&P 500 index will likely slightly extend its last week’s advances this morning. However we may see a short-term profit-taking action at some point. There have been no confirmed short-term negative signals so far, and we may see an attempt at getting back to the late November record high. Here’s the breakdown: The S&P 500 is expected to open slightly higher this morning but we may see a consolidation above the 4,700 level. Our short-position is very close a stop-loss level, and we’ll close it if it breaks above it again. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Emini S&P December retests first support at 4665/55

Emini S&P December retests first support at 4665/55

Jason Sen Jason Sen 14.12.2021 10:48
Video analysis:  Emini S&P December retests first support at 4665/55 which has held each time it has been tested over the past 4 days. Nasdaq December dips to strong support at 16120/09 & is holding. Longs need stops below 16060. A break lower is a sell signal. Emini Dow Jones December reached targets 36000 & 36100 but then collapsed to first support at 35800/700. This level is revised to 35700/600 this morning. Update daily at 07:00 GMT. Today's Analysis. Emini S&P longs at first support at 4665/55 target 4690, perhaps as far as 4710/15, hit this morning. We continue higher looking for 4725/29 before a retest of the all time high at 4740. Obviously a break above here is likely to start the next leg higher in the bull trend. First support again at 4665/55. Longs need stops below 4645. Further losses meet strong support at 4630/20. Longs need stops below 4610. Nasdaq December holding strong support at 16120/090 but longs need stops below 16060. A break lower is a sell signal targeting 16000 & strong support at 15900/850. Longs need stops below 15800. Longs at 16120/090 target 16200/230. If we continue higher look for 16300, 16350 & perhaps as far as resistance again at the 2 week highs of 16430/455. Shorts need stops above 16480. A break higher targets 16500/510 then 16600/620 before a retest of the all time high at 16767. Emini Dow Jones December first support at 35700/600. Longs need stops below 35500. Next target & minor support at 35300/200. Longs need stops below 35100. Longs at first support at 35700/600 target 35900/36000 then 36100/120. If we continue higher look for 36250 before a retest of the all time high at 36466. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
APPL holds on tight, even if the rest struggle to

APPL holds on tight, even if the rest struggle to

FXStreet News FXStreet News 10.01.2022 15:59
Apple (AAPL) iPhone turned 15 yesterday, January 9. Apple (AAPL) shares so far have not been in a celebratory mood. Apple (AAPL) stock still languishing at around $170 as tech suffers. Apple shares closed out Monday just in the green, registering a modest gain of 0.1% to close at $172.17. While tech names have struggled so far in 2022 due to higher yields and an aggressive Fed, apple remains poised near all-time highs. Apple stock chart, 15 minute Apple (AAPL) stock news The iPhone splashed onto the global stage 15 years ago with a humourous launch by then CEO Steve Jobs. He has actually announced that Apple was launching three products. A widescreen iPod with touchscreen, a breakthrough interest browser, and a phone. Eventually, the audience saw the joke and that this was actually what the iPhone was, three products rolled into one. The modern iteration of the smartphone was born and the industry would never be the same again. Nor would many other industries who benefitted enormously from handheld internet access. Social media companies such as Twitter (TWTR) and others owe a lot to the smartphone as do many online retailers. While Apple (AAPL) is the biggest company in the world it has dragged many other tech titans along with it. Apple (AAPL) stock forecast Apple has now broken below the key short-term moving averages, the 9 and 21-day. We have also put in place a double top which is a bearish formation. The triger is breaking the valley support at $167.46 which gives a target of $15 lower at $152. Along the way there will be support at $157. The moving average convergence divergence (MACD) and relative strength index (RSI) are now in bearish territoy. The MACD crossed over and the RSI is below 50, with both trending lower. Apple should outperform other high growth tech names but it is not immune from contagion. Apple (AAPL) stock chart, daily
Hotels increase their accommodation base

Hotels increase their accommodation base

Finance Press Release Finance Press Release 21.01.2022 11:08
PRESS RELEASE Warsaw, 17.01.2022 The growing interest in domestic tourism is conducive to the development of accommodation facilities in resorts. Interesting city hotels are also opening. The current year should bring stabilization in the hotel industry as more countries move from treating the covid as pandemic to endemic - Speaking of the current shape of the hotel sector, it is difficult to treat the market as a whole. Today we are dealing with two markets. The first of them - the city hotel market, considered safer before the pandemic, due to a more balanced structure of guests, as well as less seasonality than the second hotel market, that is tourist hotels. Currently, it is the latter market that is doing much better and is recovering from losses. City hotels, on the other hand, largely focus on maintaining the current profitability, however, in the fall, there was a recovery in demand from business guests and MICE. The results that the industry finished 2021 with are far from those before the market changes, but last year we could already see a recovery in demand and average prices on the market - says Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz. Although there were fewer foreign guests, the hunger for travel and the uncertainty associated with overseas travel meant that in July and August last year, about 190 thousand more Poles stayed in hotels than in the summer of 2019. Demand accumulated in the summer as a result of, among others, the restrictions that hotels were subject to in the winter and spring months. The summer season in the resorts was very successful. The beginning of autumn in the resorts brought a sustained high demand for leisure and group stays. In November and December, the situation was clearly worse, with the exception of the holiday season, which was another opportunity for hotels in holiday destinations to increase revenues. - Good results obtained by resort facilities during the summer do not mean that the entire year 2021 can be considered successful by the industry. The turnover in the entire sector was lower than that achieved before the pandemic. The year 2022 should bring a continuation of the recovery in demand in the city markets - says Katarzyna Tencza. Ownership changes Despite the difficulties faced by hotels, so far we have not dealt with many transactions on our market. Especially that the largest market players mostly refrain from acquiring assets in this segment. The mass bankruptcies which were to happen in 2021, did not take place. Hotels for sale are not very attractive to investors due to location or other factors. The transactions took place mainly on regional markets. For example, NK Rysy company purchased Hotel Rysy, located in the very center of Zakopane. The unfinished Ewerdin hotel in Swinoujscie was also sold. In the second half of the year, a 100-room hotel located in the center of Cracow was also sold. We could also observe transactions concerning hotel facilities intended for other functions. Orbis has signed a preliminary agreement for the sale of the Ibis Hotel in Kielce, which is to be transformed into a different function facility. The deserted Astoria hotel in Klodzko was sold to a developer from Cracow, who after the renovation, will probably offer retail and service space. Polkomtel bought the Ossa hotel located in Ossa near Rawa Mazowiecka, in order to build a rehabilitation center. Polski Holding Hotelowy is also active on the market, which carries out the process of consolidation of facilities providing hotel services, owned by state-owned companies. PHH concluded a conditional agreement for the purchase of Geovita SA, part of the Polish Oil and Gas Mining Group, which manages several recreational facilities throughout Poland. The holding has also signed a conditional agreement with PGE Polska Grupa Energetyczna for the purchase of ten hotels and facilities belonging to Elbest, one of its companies that owns hotels, including in Krynica, MiÄ™dzyzdroje, Myczkowce nad Solina as well as facilities in Krasnobrod and Szklarska Poreba. Polski Holding Hotelowy has also signed conditional agreements for the purchase of a controlling stake in Interferie and shares in Interferie Medical SPA, companies belonging to the KGHM Group, thanks to which it will receive another six properties. New, high-class facilities in resorts In 2021, holiday resorts expanded their offer of high-quality hotel facilities. The recent openings are, of course, the result of investment processes initiated before the market turmoil. Tourist accommodation resources in the country increased, among others, thanks to the opening of the Radisson Resort hotel in Kolobrzeg with 209 rooms and an aquapark, the five-star Crystal Mountain hotel in WisÅ‚a with almost 500 rooms and an aquapark, and the 124-room Tremonti Ski&Bike Resort complex in Karpacz. Despite the difficulties, the hotel market continues to expand its resource base. New seaside hotel investments, as in previous years, are mostly located on the line between Swinoujscie and Kolobrzeg. Hotel investments in this region are mostly condo hotels. The largest projects include the Wave MiÄ™dzyzdroje Resort & SPA hotel with 393 suites, Aqua Resort in Miedzyzdroje with 300 rooms and an aquapark, 435-room Radisson Blu Resort in Miedzywodzie, Hotel GoÅ‚Ä™biewski in Pobierowo with approximately 1400 rooms, PINEA Resort & Apartments in Pobierowo with 138 apartments, 266-room Mövenpick in Kolobrzeg, Baltic Wave in Kolobrzeg which is to offer 468 suites. Polish mountains offer interesting hotel investments, also largely sold in the condo system, Among the most interesting projects are Elements Hotel & SPA in Swieradow Zdroj with 289 rooms, Sanssouci Karpacz MGallery Hotel Collection with 110 rooms, Movenpick in Karpacz with 126 rooms, Mövenpick Zakopane Imperial Hotel with 130 rooms, Infinity Zieleniec Ski & SPA in Duszniki Zdroj with 328 apartments, and Linden Hotel & Resort in Szklarska Poreba with 137 rooms. New city hotels - Hotel chains previously focused mainly on municipal investments, are now very active also in the holiday destinations. In addition, smaller regional cities are gaining in importance. Unfortunately, high prices of investment plots and fierce competition in the fight for land from investors developing apartments for rent and dormitories, as well as rising construction costs make it more and more difficult to budget for the new hotel projects. Banks are still very cautious about financing hotel investments - informs Katarzyna Tencza. The investment interest in the sector is mainly in tourist destinations, but urban locations can also offer visitors new, interesting facilities. Last year saw the opening of such facilities as the ibis Styles Kraków Centrum hotel with 259 rooms, NYX Hotel Warsaw of the Leonardo Hotels chain with 331 rooms, located in the Varso Place complex near the Warsaw Central Station, Tulip Residences Warsaw Targowa hotel with 110 units, and Mercure Katowice Centrum with 268 rooms. In addition, the 195-room Mercure Kraków Fabryczna City hotel appeared on the Cracow market, 300-room AC Hotel by Marriott Kraków and Courtyard by Marriott Szczecin City hotel was opened in the Posejdon complex in Szczecin. It offers134 rooms. In WrocÅ‚aw, guests were welcomed by the Jazz aparthotel with 62 rooms and Hotel Herbal with 66 rooms, and at the end of last year, Dwór Uphagena Arche Hotel GdaÅ„sk with 145 rooms was opened in Gdansk. The Olsztyn market welcomed the 105-room Hampton by Hilton Olsztyn hotel. This year, the city hotel market will be supplied with a dozen or so new facilities under the brands of international and Polish brands. Most of them are hotels for which investment decisions were made before the pandemic. The Warsaw market is to be supplied, among others, by 238-room Focus Hotel Premium Warszawa located in Mokotow, 192-room Staybridge Suites Warszawa Ursynów, 448-room Royal Tulip Warsaw Apartments in Unique Tower building on Grzybowska Street, 96-room Autograph Collection by Marriott International in Warsaw's Old Town, or 66-room Flaner Hotel WorldHotels Crafted Collection. In Cracow, a 216-room Hyatt Place Kraków hotel, 125-room Autograph Collection by Marriott International, 116-room Curio Collection by Hilton Hotel Saski Kraków, 53-room Garamond Boutique Hotel Tribute Portfolio, and 173-room Hampton by Hilton Krakow Airport hotel are to open next year. A 130-room B&B hotel is to welcome guests in Lublin, and a 122-room Hampton by Hilton BiaÅ‚ystok is to be commissioned in Bialystok. The 201-room Q Hotel Plus WrocÅ‚aw Bielany will open in Wroclaw and the former Sofitel Wroclaw Old Town hotel with 205 rooms will reopen under the Wyndham brand. More challenges The rapidly changing market conditions mean that the industry is facing new challenges. The greatest difficulties that hotels will have to grapple with in the near future are the rising costs of living and the lack of employees. Problems are also related to the recovery of demand from corporate guests, the MICE sector and foreign tourists. Rises in energy, gas and garbage disposal prices, and rising labor costs, are making it difficult for the sector to recover. Growing inflation driving the costs of maintaining facilities is forcing a rise in accommodation prices. We can expect an increase in accommodation prices in the upcoming months, both in holiday destinations and urban locations. About Walter Herz Walter Herz company is a leading Polish entity which has been operating in the commercial real estate sector across the country. For nine years, the company has been providing comprehensive and strategic investment consulting services for tenants, investors and real estate owners. It provides extensive support for both public and private sector. Walter Herz experts assist clients in finding and leasing space, and give advice when it comes to investment and hotel projects. In addition to its headquarters in Warsaw, the company operates in Cracow and the Tri-City. Walter Herz has created Tenant Academy, first project in the country, supporting and educating commercial real estate tenants across Poland, with on-site courses held in the largest cities in the country. In order to ensure the highest ethical level of services provided, the agency introduced the Code of Good Practice.
Swissquote MarketTalk: A Look At XAUUSD, Swiss Secrets, Tesla And More

APPL and MSFT and Their Reports, What About Nasdaq and S&P 500?

Swissquote Bank Swissquote Bank 25.01.2022 14:19
The S&P500 and Nasdaq dived 4% before reversing losses and closing the session in the green. But yesterday’s rebound doesn’t mean the equity markets are out of the woods just yet. On the contrary, the rising volatility hints at further market turbulence ahead, as investors are worried about the Fed tightening, the Ukrainian war threat, and some unachieved goals on Biden’s political agenda as the Build Back Better & Chinese trade deficit. The FOMC starts its two-day meeting today, yet given the bloodbath in equity markets, the policymakers could refrain from reviving the Fed hawks. But even with an eventually softer Fed statement, and some market correction, there is a slim chance we see meme stocks, SPAC deals, or highly speculative names doing well in an environment of tighter Fed liquidity. There is, on the other hand, a better chance for companies like Apple and Microsoft to navigate through a high turbulence market. So, the Fed tightening will certainly support the reflation trade, but it will more importantly trigger a flight to quality. Watch the full episode to find out more! 0:00 Intro 0:21 Market update: S&P500, Nasdaq shattered 2:47 … but UBS is positive 4:39 If you buy the dip, make sure to buy the right stocks 6:01 Fed meeting 7:09 Microsoft, Apple earnings 7:37 Challenges beyond the Fed tightening 8:53 Safe haven roundup: USD, gold & Swiss franc Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Swissquote MarketTalk: A Look At XAUUSD, Swiss Secrets, Tesla And More

A Lot To Watch In The US, What About Big Tech Companies?

Swissquote Bank Swissquote Bank 31.01.2022 11:11
US stocks recorded a last-minute rally on Friday, but gains remain on jeopardy as the hawkish Fed expectations and the Russia-Ukraine tensions are weighing on the risk appetite. The geopolitical tensions, in fact, push energy prices higher, further boosting the inflation fears and the Fed hawks. The consensus now is that the Fed would raise the interest rates five times this year. In this environment, US dollar is certainly a good place to park, while gold is doing surprisingly poorly despite having most factors that would normally support a better pricing on its side. In the stock markets, value stock investors are finally being praised for their patience. At today’s episode, I have an interesting comparison of Warren Buffet and Cathi Wood’s performances over the past two years! Watch the full episode to find out more! 0:00 Intro 0:24 Market update 1:34 Energy prices jump on Russia-Ukraine tensions 3:10 USD consolidates gains, XAU performs surprisingly bad 3:55 Warren Buffett vs Cathie Wood 5:43 Big Tech gains at jeopardy as Fed hawks gain field 8:45 This week's economic calendar: ECB, BoE, RBA & OPEC 9:25 This week's corporate calendar: Google, Facebook & Amazon Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC bears to go extinct beyond $53,000

FXStreet News FXStreet News 07.02.2022 16:06
Bitcoin price looks overextended as it grapples with the 50-day SMA and the weekly resistance barrier at $42,816. Ethereum price pierces through the bearish breaker and approaches the 50-day SMA at $3,242. Ripple price approaches the $0.757 to $0.807 supply zone that could cut the uptrend short. Bitcoin price has seen tremendous gains over the past three days as it attempts to overcome a massive hurdle. While altcoins like Ethereum and Ripple have corresponded to this bullishness, investors need to exercise caution with fresh investments as a retracement could be around the corner. Bitcoin price faces a decisive moment Bitcoin price has risen 18% over the past four days and is currently hovering below the 50-day Simple Moving Average (SMA) and the weekly resistance barrier confluence at $42,816. If this uptrend is a bull trap, BTC is likely to see rejection followed by a retracement to the immediate support level at $8,481. A breakdown of the said barrier will knock the big crypto down to $34,752. In an extremely bearish case, Bitcoin price could revisit the $30,000 psychological barrier and collect the liquidity resting below it. BTC/USD 1-day chart If BTC produces a daily candlestick close above the breaker’s upper limit at $44,387, however, it will invalidate the bearish thesis. While this development will alleviate the sell-side pressure, it does not mean that Bitcoin price has flipped bullish. A daily candlestick close above $52,000 will produce a higher high and suggest the possible start of an uptrend. Ethereum price slithers close to bearish thesis invalidation Ethereum price has followed the big crypto and pierced the bearish breaker, ranging from $2,789 to $3,167. Any further bullish momentum will push ETH to climb higher and retest the 50-day SMA at $3,242. Assuming BTC retraces, investors can expect Ethereum price to face rejection at $3,242, leading to a 25% pullback to the weekly support level at $2,324. In a highly bearish case, Ethereum price could revisit the $1,730 weekly support level and collect the sell-side liquidity resting below it. ETH/USD 1-day chart Regardless of the bearish outlook, the Ethereum price can invalidate the short-term bearish outlook if it produces a daily candlestick close above the $3,167 resistance zone. A bullish scenario could be kick-started, however, if buyers push ETH to produce a swing high at $3,413. Ethereum price gains momentum to breakout to $3,300 Ripple price faces a blockade Ripple price broke out of its consolidation and rallied 25% from $0.604 to $0.754. This impressive move is currently retesting the weekly resistance barrier at $0.740, which rests below another hurdle that extends from $0.757 to $0.807. Rejection at this multi-resistance zone seems likely considering the situation in which Bitcoin is in, and investors can expect the Ripple price to retrace 16%, returning to the consolidation zone at $0.628. XRP/USD 1-day chart A daily candlestick close above the supply zone’s upper limit at $0.807 will signal a resurgence of buyers and indicate their willingness to move higher. In this case, Ripple price could set up a higher high by rallying 12% to $0.911.    
Swissquote MarketTalk: A Look At XAUUSD, Swiss Secrets, Tesla And More

Big bond selloff hit equities, but not Bitcoin… for now | MarketTalk: What’s up today? | Swissquote

Swissquote Bank Swissquote Bank 08.02.2022 18:13
US equities lack a clear direction as the sovereign bond selloff intensifies across the globe, pressuring the yields higher, and the equity valuations lower. But, cryptocurrencies are on the rise, with meme coins gaining the most in the crypto space despite poor and volatile risk appetite. In FX, the EURUSD faces important resistance between 1.1480/1.1550 before we call it the end of the weak euro against the US dollar, the GPBUSD may not keep it above the 1.35 while the Turkish lira is stoic to the global FX moves, and sky-rocketing inflation in Turkey. In stock news, Peloton, due to announce earnings today, is in focus on rumours that it could be the acquisition target for Big Tech companies including Apple, Amazon and Disney. Why would anyone buy Peloton? Watch the full episode to find out more! 0:00 Intro 0:25 Market update: yields on the rise! 3:06 Approaching the end of the weak euro 4:15 FX thought bubble: GBP, TRY 5:24 Bitcoin & meme coins rise 7:01 Who will buy Peloton? Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Technical Analysis: Moving Averages - Did You Know This Tool?

Apple Stock News and Forecast: AAPL remains subject to geopolitical whims

FXStreet News FXStreet News 02.03.2022 16:19
Apple stock remains above its 200-day moving average as geopolitical turmoil remains. AAPL stock is unlikely to break higher until the Russia-Ukraine conflict ends. Apple is likely to fall further as no catalyst in sight and sanctions hurt all global businesses. Apple (AAPL) stock remains in recovery mode along with most US indices as last week's shock and awe sell-off remain the low mark for now. Stocks have entered a changed landscape for 2022, and the situation is worsening from both a macroeconomic and geopolitical viewpoint. Investors were just about coming to accept the inflation and interest rate environment for 2022 and had adjusted portfolios accordingly. High-risk growth stocks were avoided, and the focus returned to those stocks with strong balance sheets and low valuations. Value versus growth had already seen strong outperformance for value. Now things are worse. Sanctions will hit global growth and Europe especially hard. Energy costs are out of control, European gas prices are nearly ten times higher than a year ago. Oil prices we know all about. What we are left with then is higher inflation and now for longer likely reaching into 2024. Interest rates will have to rise, despite slowing growth, leading to stagflation. High-risk assets will struggle. Equities are viewed as a high-risk asset so expect bond inflows to outweigh equity fund inflows for the remainder of this crisis and beyond. Likely sector winners in the short term are defense stocks and oil stocks should have earnings well underpinned now for the remainder of the year. Apple (AAPL) stock is a harder one to quantify in this new environment. The stock certainly has defensive qualities, it has piles of cash which it can use for dividends, buybacks, or acquisitions. It has some pricing power that it can pass on to customers. However, rising commodity prices lead to higher semiconductor prices. Higher energy costs lead to higher shipping costs for inputs and outputs. Rising inflation and possible slowing growth will lead customers to scale back on purchases of luxury goods. Sanctions will hit globalized businesses. Apple Stock News With perfect timing, the EU has just come out and said EU countries must turn off the stimulus tap sharply and take a neutral fiscal stance. This means less free money and a focus on debt reduction, as well as echoes of the dreaded tight monetary policy that prevailed after the Great Financial Crash. This will mean less consumer spending. Apple Stock Forecast We cannot avoid the overall bearish macro and geopolitical background. We would rate Apple as outperforming, but that is an outperform in a bearish market. We note the potential and hope for a swift end to the conflict as Russia and Ukraine meet again for talks. This will lead to a sharp relief rally, so short-term traders take note. The risk-reward is probably skewed to the upside. Wednesday is likely to see a slow gradual move lower or a swift rally on positive developments. Longer-term though the situation is clouded. Unless the conflict ends soon and sanctions are lifted quickly, we fail to see how equities can return to any form of bullishness. The situation from one month ago has not changed apart from lower economic growth. For now, Apple has found support at the 200-day moving average, which is set at $152 today. This is massive support. Break that and it is likely onto $138. The Relative Strength Index (RSI) and Moving Average Convergence Divergernce (MACD) remain bearish, confirming the price move. Apple stock chart, daily
Fed Speaks Its Mind! Interest Rate Decision Is Made Tomorrow! What About Crude Oil Inventories? Economic Calendar by FXMAG.COM

(APPL) Apple Stock Price Affected By COVID-19 In China, BTC Not Banned In The EU - MarketTalk: What’s up today? | Swissquote

Swissquote Bank Swissquote Bank 15.03.2022 11:12
Rapid decline in oil prices came as a relief to the European stock markets yesterday, yet the lack of diplomatic progress on the Ukrainian war and China’s fresh lockdown to stop the omicron contagion weigh on investors sentiment. Apple shares dived more than 2.50% on Monday, on news that supplier Foxconn had to stop activity in Shenzhen for at least a week. The S&P500 confirmed a death cross formation, and Nasdaq stepped into correction territory. The crude price plunge below the $100pb came as a relief in the middle of a sea of bad news, but it will certainly not prevent the German ZEW sentiment index from freefalling from 48 to 10 in March. What’s next? The downside correction in oil prices is sure a relief when it comes to the inflation expectations, but the new lockdown measures will continue worsening the supply chain crisis and add on the inflation worries. The US producer price data is about to confirm an advance to 10% level in February, as the FOMC starts its two-day meeting today and is expected to raise the interest rates by 25bp for the first time since the beginning of the pandemic. Gold gives back the recent gains as the rising US yields increase the opportunity cost of holding the non-interest-bearing gold, while Bitcoin trades a touch below the $40K mark as EU chose not to ban Bitcoin at yesterday’s crucial vote. Watch the full episode to find out more! 0:00 Intro 0:24 Sentiment update 2:20 China Covid lockdown hits Apple share price 4:19 Crude oil below $100pb 5:31 S&P500 confirms death cross, Nasdaq in correction 6:15 Chinese stocks' hemorrhage gets worse 7:27 Fed meets to raise rates 8:35 Gold down on higher US yields 9:04 Bitcoin steady as EU choses NOT to ban digital assets Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
FX: British Pound (GBP) Keeps Struggling, Can EUR/GBP Go On With Recovery? Gold Price: What About XAGUSD?

Fluctuations Of Crowdstrike, Apple (APPL) To Rise Again, Elon Musk Makes Other Twitter Shareholder Angry

Saxo Bank Saxo Bank 13.04.2022 11:25
Equities 2022-04-13 05:30 6 minutes to read Summary:   Crowdstrike shares surge putting cybersecurity in the limelight. Apple and BHP poised to announce share buy backs, which will support further share price growth. Oil rocks back over US$100 lifting oil stocks in New York and Australia. A Twitter shareholder sues Elon Musk for allegedly committing fraud. Iron ore and aluminium are back in vouge, boosting Rio Tinto shares. US defaults to double according to S&P Global. New Zealand makes its biggest increase in interest rates in 22-years. Co-written by Market Strategists Jessica Amir in Australia, Redmond Wong in Hong Kong. What’s happening in equites that you need to know? US stocks fell for the third day. The S&P 500 (US500.I) and the Nasdaq 100 (USNAS100.I) lost 0.3%. As always, there were bright sparks at the stock level. The world’s biggest cybersecurity company, Crowdstrike (CRWD) rose 3.2% to US$223.51 (its highest level since November last year), after Goldman Sachs upgraded the stock to a buy. We’ve previously mentioned Crowdstrike as a stock to watch. It makes 94% of its money from subscriptions, and we like businesses like these, given they are set to benefit from elevated demand to address cyberattack fears. The market also likes Crowdstrike with 93% of analysts rating the stock as a BUY. Goldman Sachs expects Crowdstrike’s shares to rise to $285 in a year. Also in MegaCaps, Apple (AAPL) shares jumped over 1% after whispers that Apple could announce a buyback of US$80-$90 billion (and buy backs support share price growth). Hang Seng Index (HSI.I) and CSI300 (000300.I) are little changed. Hang Seng Tech (HSTECH.I) was up 0.6%.  Energy and mining stocks outperformed.  Zijin Mining (02899) surged 7%.  Jiangxi Copper (00358), China Molybdenum (03993), MMG (0128) rose more than 5%.  CNOOC (00883) rallied 4% and China Coal was up from the 6%.  In A shares, logistics names outperformed while real estates, airlines, online entertainment led declines.  Twitter (TWTR) shareholders sue Elon Musk (TSLA CEO). A Twitter, shareholder sued Elon Musk for allegedly committing fraud by delaying the disclosure of his ownership of more than 5% of Twitter, so Musk could buy more shares at a cheaper price. The investor said Musk should  have disclosed his holding by March 24, instead of April 1. Twitter shares rose 27%, from $39.31 on April 1, to $49.97 on April 4. Twitter shareholder, Marc Bain Rasella is also looking to represent a class of investors who sold Twitter shares from March 24 to April 1. Crude oil (OILUKJUN22 & OILUSMAY22) jumps 6% to $101, ... ...as OPEC said the obvious, that’s it’s impossible to replace supply losses from Russia, while China also hints of restrictions easing. This supports gains in oil stocks in the US overnight and in Australia today.  The Australia share market more (ASX200) rose 0.2% by 1pm local time with energy and mining stocks fueling the market higher. Also of note, Rio Tinto (RIO) rose 2.2% after the aluminium and iron ore price extended their rebound. Both prices are important to Rio as it makes 58% of its revenue from iron ore and 22% from aluminium . Also consider demand for aluminium  is expected to grow with company’s like Apple and Nestle's Nespresso to use more of the material to reduce CO2 emissions. Iron ore (SCOA) rebounded yesterday rising 2.5%, but today it’s about 0.9% lower, but holds 8-month highs, at US$154.25. It comes as China again pledged to stabilise its economy and this brightened the outlook for steelmaking ingredient. BHP (BHP) shares are holding at $51.71, and remain in their long term uptrend. So it's worth keeping an eye on BHP. BHP is also touted to annouce a record profit this year and a share buy back, which also supports share price growth. What you need to consider US defaults to double according to S&P Global.  S&P Global Rating anticipates the US’s default rate will swell from the current 1.5%, to 3% by year-end, amid financial conditions tightening. In China, the S&P Global Ratings expects more property developer defaults, with $18 billion in maturing debt and the likelihood of home sales falling 15-20%. Inflation is uncomfortably high.  March CPI hit 8.5% year-on-year. The hottest inflation since 1981. Core CPI moderated a bit, mostly due to a cooling of oil prices, and rose 6.5%. This is still the highest rate since 1982. The largest prices rises were in; fuel oil (70%), gas (48%), used cars (35%), hotels (29%), airfares (24%) and utility gas (22%) on a year on year basis. See the full list here (scrolling to pdf page 9). Simply this tells us, the US Federal Reserve is behind in fighting inflation, so expect a 0.5% interest rate hike at the May FOMC meeting, with rates to hit 2.6% at the end the year. In RMB terms, March China exports rose 12.9% while imports fell 1.7%.  In USD terms, March exports climbed 14.7% from a year ago and imports declined 0.1%. Trade surplus increased to USD47.4 billion (vs consensus $21.7bln, Feb $30.6bln). New Zealand makes its biggest increase in interest rates in 22-years,  while also announcing quarantine free travel. The RBNZ increased interest rates by 0.5% to 1.5%. The surprise caused the New Zealand stock market to fall 0.4% with their tech stocks falling 1.4%. However, as NZ announced quarantine-free travel, the travel industry got a kick, Auckland International Airport (AIA) shares rose 1.1% higher. Trading ideas to consider Aussie dollar and Kiwi ‘up and at em’, amid travel boost.  The Australian dollar (AUDUSD) is back in vogue, rising for the second day, after Australian business confidence rose to its highest level in 5 months. While the NZ dollar (NZDUSD) also rallied for the second day, heading toward 0.69 US. It’s worth watching these two currencies as travel takes off as well between the two nations. Travel stocks.  Air stocks like Air New Zealand (AIZ) and Auckland International Airport (AIA), and Qantas (QAN), Singapore Airlines (SIAL), China Eastern Airlines (CEA) could be worth watching as they have not recovered from the covid falls in 2020. If China restrictions ease and tourism reopens, it’s worth keeping these on your radar. For a global look at markets – tune into our Podcast 
Riksbank set to hike 50bp in a bid to get ahead of the ECB

(APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?

Rebecca Duthie Rebecca Duthie 28.04.2022 11:38
Summary: Apple stock prices are facing pressure amidst lockdown in China causing concerns over supply. Amazon stock prices are being heavily affected by current market sentiment. Apple stock prices are declining despite investor confidence in their Q1 earnings announcements. In general market sentiment is showing bearish signals, but this negative sentiment is lying heavily on BigTech stocks, this sentiment runs so deep that buying BigTech stocks almost makes sense. According to some analysts, the sentiment on tech stocks is so bad at the moment that there has to be an end in sight coming soon. After the market close today, we can expect Apple (APPL) to announce their earnings reports. After the market close today, we can expect Apple (APPL) to announce their earnings reports. The Apple stocks have been falling drastically over the past week inlight of uncertainty around the lockdowns in China and how they will affect the second quarter's earnings. However, investors do expect the earnings from Apple’s first quarter to be favourable. APPL Stock Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Amazon (AMZN) earnings report due later today. There is a lot of weight that has been riding on the tech companies earnings announcements this week, with amazon due to make their earnings announcements later today along with Apple, the market sentiment is bearish. Even if all the Q1 earnings announcements from the BigTech companies were favourable (which has not been the case), the market would still struggle to recover from the current negative sentiment. Over the past week the price of Amazon's stock has been falling over the past week inlight of the negative market sentiment. With the employees from one of the warehouses of Amazon lobbying to unionise, increasing prices and supply problems could be indications of potential earnings struggles for this tech giant. Amazon.com Price Chart Read next: (MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today  Sources: finance.yahoo.com, barrons.com, fastcompany.com
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Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?

Rebecca Duthie Rebecca Duthie 29.04.2022 10:44
Summary: Amazon causes poor investor sentiment. Apple shocks the market. Musk going after Coca-Cola next?? Amazon (AMZN) stock prices show improving investor confidence despite disappointing revenue forecasts. During post market trading yesterday, the AMZN share price fell by almost 10%. This fall comes after the tech giant made its earnings announcement, this was because the earnings missed investor forecasts. The slightly disappointing revenue in Q1 of Amazon came as a result, amongst other things, of a decrease in consumer spending online and a return to in-person-activities. Amazon attributed its disappointing earnings to the current adverse economic conditions partly coming from the Russia-Ukraine conflict and partly from the issues around supply chains. Their earnings increase is 37% lower (Q1 2022: 7%, Q1 2021: 44%) than this time last year and their EPS has fallen by 0.84 cents for the same time period. AMZN Share Price Chart Read next: (APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?  Apple earnings announcement left investors feeling bullish Apple share prices increase inlight of favorable earnings reported by the tech giant. The earnings reported were better than the market expected. Although the Q1 earnings for Apple are causing the share price to increase, concerns still remain around the future supply chains of this tech giant, they can be heavily impacted by China’s “zero-covid” policy and its lockdowns. APPL Share Price Chart Elon Musk targeting Coca-Cola next? On Wednesday night Elon Musk posted a tweet on his platform suggesting or joking about acquiring the Coca-Cola company, this comes after his offer to buy Twitter (TWTR) was approved by the board. Musks tweet was as follows “Next I’m buying Coca-Cola to put the cocaine back in”. Although many of the world’s richest man's followers saw the tweet as a joke, there was a time when people thought his quest for TWTR was a joke too. The tweet caused Coca-Cola’s share price to drop hugely, the price has since recovered, but what does the future hold for this beverage giant ? KO Share Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Sources: dailyfx.com, Finance.yahoo.com
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European telecoms outlook for 2022 | ING Economics

ING Economics ING Economics 19.05.2022 08:53
After years of heavy pressure on revenues in the telecom sector, we make a call for near-term revenue stabilisation. From an operational perspective, the main themes for the telecom sector are the build-out of 5G and fibre networks. To improve the relative position of the sector regulators should review their measures to provide a more level playing field Source: Shutterstock War has a limited impact on the telecom sector European- and US-based telecom operators are rather insulated from the conflict in Ukraine. Major operators have no sales in the region, the exception being VEON, which is largely exposed, since it is active in Russia and Ukraine. Telekom Austria had only 7.4% of its FY 2021 revenues coming from Belarus. For now, the impact of the war seems limited, with most companies maintaining their 2022 outlook. Typically, demand for telecom services grows in line with GDP. If a severe recession would hit the global economy, telecom operators and handset vendors probably have to adjust revenue expectations in line with GDP expectations, on average. In Europe, however, service revenues have historically already been under pressure because of strong competition. We do not foresee a substantial impact on the financial solidity of companies resulting from this crisis. The biggest risk for the sector comes from cyberwarfare The biggest risk for the sector comes from cyberwarfare. State sponsored hackers could engage at some point in cyberwarfare, something the US government warns about. Hackers could try to impair (local) infrastructure, while telecom companies have to up their defenses. Interestingly, so far, we have seen limited impact from cyberwarfare that could possibly have been initiated as a part of the war in Ukraine. However, we are starting to see revenue stabilisation in a couple of markets. For example, the market leaders in the Dutch, French, Belgian and German markets are close to revenue stabilisation. This is mainly driven by new broadband products, which are often offered with mobile services in a bundled product. Restructuring programmes continue to modernise the back-office of the operators and to phase out legacy technologies. Once programmes are over, this could be a tailwind for profitability. Despite good traction from bundled products and new high ARPU fibre products, many incumbents have segments that see price pressure, often in the business segments. This explains why we see positive trends in the sector, while revenues are not showing strong positive growth rates. Domestic revenue trends European telecom operators Source: Company, ING Aiming for a level playing field The European Commission aims for gigabit broadband for all households as well as for a fast 5G mobile connection in populated areas, which should be reached by 2030. It also aims to rein in some large technology companies. It has published proposals for the Digital Services Act (DSA) and the Digital Markets Act (DMA) which should reduce the dominance of the large technology platforms and create a level playing field with other sectors in Europe. The EU member states and European Parliament said they welcome the proposals. These are now subject to formal approval by the two co-legislators before they will be applicable. Hopefully, the competitive position of telecom companies will improve as well at some point in the future. Competition has been promoted... and this has lowered prices for telecom services as well Regulation has seriously impaired the profitability of telecom companies through tariff measures (for broadband wholesale access and roaming tariffs). Competition has been promoted, with four mobile operators in many European countries. This has lowered prices for telecom services as well. Governments have raised a lot of money through spectrum auctions and often incentivised new operators entering the market. Finally, product differentiation has been difficult because of net neutrality regulations. As a consequence, free cash flow has been under pressure from both weaker revenues, as well as heavy investments and dividends. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM A case in point is Telecom Italia, which had a solid investment grade rating in 2005, but is now rated in high yield territory. The Italian market is characterised by heavy competition, while the company explains that its fixed network faces relatively high regulatory pressure from a multitude of measures. The company faces substantial pressure on revenues, as can be seen in the figure above. The interim result is that the company is investigating a break-up, having ramifications for the speed of the broadband roll-out in Italy. The downward pressure on credit ratings has been more widespread in the European telecom sector since most companies have already seen rating downgrades. This is illustrated in the table below. Downward rating pressure for European telecom operators Source: S&P Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM As a result, telecom companies have been at the wrong spot in the value chain, while companies that sell telecom equipment, media content or cloud storage have performed very well, as is shown in the figure below. While large technology companies have the means to invest in new (transatlantic) fibre networks, incumbents often can’t fund all of their network investments from their cash flows. In our opinion regulators should pay attention to a call by the European Telecom Network Organisation (ETNO) in which they ask for a fair contribution for the network investment costs from companies that extensively use broadband networks. Since 2015, unregulated firms did profit from internet with market cap. growth Source: Refinitiv Sector trends contribute to revenue stability Nevertheless, broadband connectivity will likely improve across Europe and 5G is here to stay. The private sector is investing heavily, but there are also plans to invest €13bn in digital connectivity as part of the European Resilience and Recovery Plan. Typically, customer retention is relatively healthy for fibre products, especially when combined in a fixed-mobile converged offer. Net mobile networks and services could also contribute to the goal of revenue stability and eventually growing revenues. This year, 5G products and services will likely become widespread. However, it will be key for mobile operators to find good pricing policies for these new 5G services.   Read this article on THINK TagsTelecom sector European telecoms Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more