Euro reacts positively after upbeat ISM and before US Employment data
March 16, 2023
The euro recovered from its initial losses, and after testing the 1.1200 level, it managed to bounce back to favorable positions following a series of positive data in the United States economic front.All eyes are now focused on the US employment report and its infamous nonfarm payrolls number published on Thursday.
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90,650 vehicles sold by Tesla in the last three months; crushing expectations
March 16, 2023
Tesla sold over 90,000 cars in the second quarter, exceeding expectations in times of pandemic. Compared to last year, their sales have only dropped 5 percent.
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Gold ready to overcome the 1,765 area, high since 2012
March 16, 2023
Gold is trading positive for the second session in a row on Monday as investors are worried about the recent rise of the COVID-19 daily cases in the world and concerns of a second wave in the United States.Despite the fact that major stock indexes in the world are trading on the green, it is also true that market sentiment is not as bullish as it used to be in the past weeks. In that framework, investors are looking not for safe haven assets, but as a safe investment with a potentially high return.
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Apple on a Leading position for the Post-COVID world - A bullish case
March 16, 2023
In a post-coronavirus world, people will use more virtual reality and augmented reality than ever. According to a report published by eMarketer in April this year, 15.7% of the US population will use virtual reality at least once per month in 2020. In the case of augmented reality, the number rises to 25% of the US people. The world looks like it’s in a kind of hibernation. However, some companies are in an excellent position to boom with the new normal. Among them, Apple is shining.
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Amazon breaks above the $3,000 level and extends rally
March 16, 2023
As Americans return from the Fourth of July long weekend, they are back with their famous worldwide optimism and belief in the American dream. A proper proof is today's market rally, and above all, Amazon shares.
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An ugly earnings season is expected, but what if it is not that bad?
March 16, 2023
With the end of June and the second quarter of 2020, companies are getting ready to publish their performance and earnings reports for the period between April and June. Almost all experts await the ugliest earning season in years, but what if it is not that bad?
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Why Gilead announcement on Remdesivir Matters for Market Sentiment
March 16, 2023
On the last day of the week, markets woke up with a game changer in the body of good news. Gilead Sciences reported that its drug remdesivir is able to cut the mortality rate in COVID-19 patients by 62 percent.
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Yes, It Is A Good Employment Report, But Do Not Get Too Euphoric
March 16, 2023
The US Bureau Of Labor Statistics released the June update of its employment situation in the United States. Overall, the report was pretty good; however, the numbers should be taken with a grain of salt.According to official reports, the United States created 4.8 new jobs in June, well above the 3 million jobs expected by experts and an acceleration from the 2.7 million generated in May. May data was even revised to the upside from 2.5 million previously reported.
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Walmart+ to Start on July - Another Chapter on the war Against Amazon
March 16, 2023
Walmart+ will be launched this month to begin the competitive race with Amazon Prime. The subscription will cost $98 a year and it will give access to delivery services such as groceries and other goods.
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