As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Ford Rocketed. Is It Still a Buy?
2021-10-13 • Updated
The automaker Ford has jumped sharply! What are the main drivers of such rapid growth? Let’s find out! First, the auto giant Ford has started to lay the groundwork to transform its petrol-driven cars into electric vehicles.
Ford’s Electrification revolution plan
- The company is going to spend $30 billion in investments for electrification until 2025.
- Ford intends to make EVs a significant part of its total product mix: 40-50% of all Ford’s vehicles should be electric by 2030.
It makes investors excited. More and more people add the stocks of EVs to their portfolios. Indeed, electric vehicles are the trend of the last years as the key problem for the whole world remains climate change. Thus, renewable energy stocks are on the rise right now. Apart from Ford, pay attention to Tesla, Apple (it plans to launch its EV car), General Motors.
The Ford stock has jumped by 65% from $8.79 to $14.50 since the end of 2020. Just to compare, the broad market index, S&P 500 (US 500) has surged by 16% in the same period.
Last week, the company claimed it would be forced to cut production even more at its factories in North America amid the current global semiconductor shortage. It may weigh on the stock price in the near to medium term, but this problem is global, so it will impact many stocks linked to semiconductors. Thus, this obstacle is not so serious.
There is a nice uptrend in the daily chart. The stock price has broken above the psychological mark of $15.00 and even pulled back to this level after a breakout – a sign of the continuation of an uptrend. We might expect the stock price of Tesla to advance to June’s high of $16.50. If it manages to cross this resistance level, the stock may jump to the next round number of $17.00. Support levels are the recent low of $15.00 and the 100-day moving average of $14.00.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Start trading!
Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.
USD/CHF saw a rebound after declining for two days straight, climbing towards the important psychological level of 0.8800 during Wednesday's early Asian trading session. There's some pressure on the Swiss Franc (CHF) as traders await the Swiss ZEW Survey – Expectations report scheduled for later today. Moreover, investors are keeping...
In the early hours of Tuesday, the US Dollar faces challenges in maintaining its strength against major currencies, with the US Dollar Index struggling to surpass the 104.00 mark. Investors are eagerly anticipating the release of key economic data, including January Durable Goods Orders and the Conference Board's Consumer Confidence Index for February. Additionally, the economic calendar includes reports...