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In this week’s recap, the U.S. stocks ended slightly higher Tuesday, as tech shares push the S&P & Nasdaq to new record highs with the start of earnings season & the signing of a partial China trade deal. However, U.S. stocks were lower Friday, as optimism over a $1.9T stimulus plan by President-elect Biden faded with investors looking at quarterly reports from major U.S. banks & initial jobless claims spiked to their highest level since August last week.
Bitcoin +10.6% to $38,593.00 in Thursday U.S. pre-market to $39,584.70, Thursday mid-morning on 01/14/2021, as the price remains just below $40K, with the options market pricing in a double-digit probability of +$50K by the end of the month.
Tesla climbed another +4.72% on Tuesday, to nearly $850.00 a share up over +20% year to date, with a market cap of $805B with investors optimistic over the company’s aggressive buildout of new factories & production lines thus leading to potential, for an increase of vehicle deliveries of +50% in 2021.
The World Bank cut its 2021 global growth forecast; Latin American currencies rose for the first time in 2021; Carnival reports billions in losses in Q4; Walmart and Ribbit Capital announce the creation of a new financial tech startup; Ford to close 3 of its production plants in Brazil; WhatsApp delays updating its privacy policy after mass confusion over what data it shares with its parent company, Facebook.
The post Recap January 17: Tesla better returns than Bitcoin, Stock Record Highs (Recap Ep106) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s Recap we talk about how Elon Musk is now the world’s richest person over Jeff Bezos, Stocks are at record highs and Bitcoin is having a wild climb in prices.
Elon Musk edges past Amazon founder Jeff Bezos to become the world’s richest person. A +6% rise in Tesla shares early Thursday lifted the value of its CEO’s stock holdings & options by $10B, taking his net worth to about +$191B. A more modest rise of less than 2% lifted Bezos’ Amazon shares by about $3B, putting his net worth at $187B. Bill Gates is now a distant 3rd at $132B.
Trump will not be attending President-elect Joe Biden’s inauguration; Iran took possession of a South Korean oil tanker in the Strait of Hormuz; US manufacturing activity increased in December.
The post Recap January 10: Elon Musk Richest In The World, Stocks Record Highs, Bitcoin Explodes (Recap ep105) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, Marcello talks about the plans of Tesla to arrive to india, the new record highs reached by Bitcoin and a new fuel made of Carbon Dioxide.
The number of 1st-time claims for unemployment benefits fell in US; The API reported a draw down in crude oil inventories; Some people refuse to receive the vaccine against covid-19; BMW will produce many more electric cars between 2021 and 2023.
The post Recap January 3: Tesla in India, Bitcoin Record Highs, New Carbon Dioxide fuel (Recap ep104) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, the US stock markets were mixed, as investor concerns over a new coronavirus strain in the U.K. and the U.S. President Trump called the $892B package a disgrace, demanding changes to the bipartisan legislation approved by Congress, specifically aiming for funding headed overseas, & the reduced direct payments to individuals (just $600) & families. Remains unclear if the items will be enough for him to veto the package. Trump wants $2K to individuals & $4K to couples.
The Russell 2000 index climbed above the 2,000-point mark for the first time on Wednesday, as investors continued to bid up shares in smaller-company stocks, driving it to its 2nd consecutive all-time high. It gained 17.22 points, or +0.9%, to 2,007.10. The index has risen +10.3% this month alone, roughly half of its +20% gain in 2020.
Cryptocurrency XRP fell nearly 25% to just around $0.35 on Wednesday morning. The U.S. SEC is suing Ripple & 2 of its executives over the alleged sale of unregistered securities. Ripple has denied XRP is security & is questioning the lawsuit’s timing.
Alibaba under antitrust investigation; China’s financial regulators to meet with Ant Group to implement financial supervision; Parliament of Israel was dissolved again; United & American Airlines will bring back 1000’s of their furloughed workers; the number of claims for unemployment benefits in the US decreases; the detonation of an apparent bomb on the streets of historic downtown Nashville.
The post Recap December 27: Bitcoin Surges, Tesla Dumps, Covid Mutant Strain (panic!) (Recap Ep103) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, the US stock markets were higher every day, on increased investor hopes of imminent passing of a coronavirus stimulus bill. U.S. stocks surge is pushing equity valuations near the highest levels in years, as investors try to determine if the rally signals an economic rebound or an asset price bubble amidst a global pandemic. The S&P 500 +15.22% in 2020, trades at 22x forward earnings, vs. the historical average of 15.3x. The tech sector accounts for near 28% of the index, trades at an even higher P/E ratio: 26.4x vs the historic average of 20.6x.
Bitcoin skyrockets +14% higher early on Thursday morning, to $22,676.00 then surges over another $500+ to $23,219.10, a gain of 2.39%. Analysts now claim that $30K will soon be in reach, as more & larger investors, pour ever greater amounts of money into the asset. Year to date return is closing in on 200%. However, we still suggest other assets and commodities to trade because their gains are more stable.
U.S. Supreme Court ruled 6-3 Friday to dismiss a challenge to the Trump administration’s exclusion of undocumented immigrants from the U.S. census, the once-in-a-decade population count, which is used to allocate House seats among the various states. It followed with the court’s 6 conservative justices finding that the lawsuit brought by close to 24 states was premature. The court’s 3 more liberal members dissented.
Bill Barr submitted his resignation on Monday; Coinbase plans an eventual IPO; 1st-time claims for jobless benefits increased in the US; Apple will strongly increase its production of 5G iPhones in 2021; US homebuilding is still rising; Americans keep leaving Democratic-controlled cities; The US passed 300k total deaths from the coronavirus pandemic; serious cyberattack on SolarWinds Orion software in the US.
The post Recap December 20: Stocks & Bitcoin Record Highs, Tesla New Age (Recap Ep102) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, the main US stock indices ended lower, after having reached all-time highs earlier in the week, as delays over a new fiscal stimulus package & surging coronavirus infection hurt investor sentiment, along with failure for a trade deal on Brexit.
The European Central Bank is poised to deliver another round of monetary stimulus to help the Eurozone through the pandemic, adding €500B ($605B) more to the Pandemic Emergency Purchase Program & extending it by at least 6 months to the end of 2021. Investor bets on more European Central Bank stimulus kept Europe’s main stock markets slightly mixed & the Euro stable, but the U.K.’s pound saw its biggest drop in nearly a month after overnight Brexit talks failed to break the impasse. Major Asian markets almost all ended lower.
Bitcoin pulled back below $18,800 early on Tuesday, after struggling to break resistance at $19,500. Analysts point toward the $19,500 to $19,600 range as the important resistance area for the foreseeable future. Above it, BTC has the potential to break through a new all-time high & continue the rally.
A bipartisan group of U.S. state Attorneys Generals & the Federal Trade Commission (FTC) both filed antitrust lawsuits against Facebook, accusing it of anti-competitive acquisitions. The lawsuit alleges Facebook sought to maintain its monopoly power by acquiring potential rivals, including WhatsApp & Instagram.
The wealth of U.S. households hit a record in September; Airbnb is worth more than Expedia Group & Marriott International combined; DoorDash shares rose to $ 189 on Wednesday; multi-billion dollar contract between Iraq and China in exchange for oil supplies.
The post Recap December 13: Facebook Antitrust Lawsuit – Stocks at Record Highs (Recap Ep101) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this recap, the U.S stock futures end higher as weekly jobless claims declined, the upcoming vaccine approval process & investors looked to today’s monthly jobs report, as an indication that the economic recovery is ongoing. All 3 major indices ending at record highs, as the slowest U.S. jobs growth in 6 months raised investor expectations for a new fiscal stimulus bill to help further revive the economy.
Global shares at record levels on Friday, set for a 5th straight week of gains, supported by growing prospects of a U.S. economic stimulus package with both Asian & European markets moving higher, led by gains in the tech sector.
While Bitcoin has soared +15% in the past week to hit a new all-time high just under $20,000, Ethereum the 2nd-largest cryptocurrency is up over +20% in the past 7 days alone. XRP, the 3rd-largest has surged nearly 25%. Litecoin, Polkadot, Cardano & Stellar have all seen larger gains than Bitcoin, as well.
Emerging markets currencies were continuing their gains vs the American dollar. The Mexican peso, Brazilian real, Turkish lira, South African rand, Russian ruble & Polish zloty, have all spiked 7% to 11% over the past month, adding to 5%-12% leaps in China, Taiwan & Korea’s currencies since June.
President of Taiwan seeks a new bilateral trade deal with the US; Delhi suffers its coldest November in more than 70 years; hurricanes Eta and Iota displaced more than 500K people in Central America; McConnell rejects $908 billion stimulus proposal; bill seeks that certain companies cannot trade on US stock exchanges; Singapore allows the sale of cultured meat; Salesforce.com is buying Slack; UK Authorizes Distribution of Vaccine Developed by Pfizer & BioNTech.
The post Recap December 6: Tesla Profitable – Record highs in stocks & Bitcoin (Recap Ep100) appeared first on Investing & Day Trading Education: Day Trading Academy.
In today’s recap, Marcello talks about Elon Musk becoming the second richest man after Jeff Bezos and surpassing the fortune of Bill Gates. Also, the Trump administration has allowed the beginning of the transition of power, putting an end to weeks of political uncertainty.
Elon Musk the billionaire entrepreneur has added $100.3B to his net worth in 2020, surpassing Microsoft’s Bill Gates to become the world’s 2nd-richest person at $127.9B, after Amazon’s Jeff Bezos. The 49-year-old Tesla co-founder has the electric vehicle & clean energy company to credit for his enormous increase in his wealth.
Disney will lay off 32,000 employees at the end of March; China to impose heavy tariffs on Australian wines; North America could tight wood supply & demand; Tesla to open design center at its Berlin gigafactory.
The post Recap November 29: Elon Musk 2nd Richest Man, Trump transition of power (Recap ep099) appeared first on Investing & Day Trading Education: Day Trading Academy.
In today’s recap Marcello talks about the great performance of Tesla’s stocks rallying in the S&P500 and also how Central Banks are growing interest into cryptos.
U.S. based electric car company Tesla stock price surged +8.21% on Tuesday to $441.61 with additional gains early Wednesday. Tesla to become part of the U.S. index S&P 500 on December 21. Shares are up +428% in 2020, on a market cap of $419B. Means more cash on hand for the firm & +$15B more for CEO Elon Musk.
Chinese government is not happy by US support for Taiwan; Moderna vaccine is 94.4% effective against Covid-19; World stocks edged higher for the week.
The post Recap November 22: Tesla soars on S&P500 – Central Banks using crypto (Recap ep098) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, we talk about the effects in the markets of the announcement of the Pfizer-BioNTech new covid vaccine and also the unofficial election results published by the press that makes Biden the new president of the United States.
The total value of the stock markets globally just hit an all-time high of $95T as of Wednesday. Stocks’ latest run to new highs was triggered by surprise news that Pfizer & BioNTech coronavirus vaccine was more than 90% effective. However, the largest driving force behind the 7-month rebound, has been global central banks’ unprecedented easing measures & governments’ huge fiscal stimulus.
Weak dollar boosts global stocks; One of the biggest diamonds ever found has been unearthed in Botswana; 90%-Effective Vaccine skyrockets Pfizer and BioNTech shares.
The post Recap November 15: Covid Vaccine! Election Results? (Recap ep097) appeared first on Investing & Day Trading Education: Day Trading Academy.
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