Facebook Ordered to Sell Giphy
The social media giant, now named Meta, was instructed by UK regulator to divest the popular GIF platform, GIPHY
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The social media giant, now named Meta, was instructed by UK regulator to divest the popular GIF platform, GIPHY
Weekly Context Below we have added a triple moving average system to the SPX500 weekly chart. Despite the decline last week, the shorter-term green moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer-term red moving average. Last week's pullback took place within this longer-term bullish formation. The weekly stochastic is above 80 and suggests an underlying bullish momentum (aqua arrow).…
GER30 Big Weekly Drop Last week the GER30, FXCM's proxy for the DAX30, dropped 6.4% from open to close. The coronavirus spread in Europe initially rattled the market. However, it was confirmation of a new strain that was the catalyst for the decline. First referred to as "Nu" but amended to "Omicron" by the WHO, research is currently being conducted on the new strain, with evidence suggesting a risk of…
During this eventful week, we saw high Fed activity, a data dump from the US before the Thanksgiving holiday, quarterly results from high profile companies and intense risk aversion in the last trading day due to new Covid variant
This holiday-shortened week for the US stock markets ended with risk-aversion due to Covid variant warning by the WHO and marked the winding down of the earnings season, with a handful of high profile results
The World Health Organization (WHO) warned of a newly found COVID-19 variant, sparking fresh fears sending stocks of major airline companies lower
The Chinese firm reported its latest quarterly earnings on Tuesday, after the Hong Kong stock market closed, with the results disappointing investors and pushing the stock lower today
Daily Chart Past Performance: Past Performance is not an indicator of future results. The NAS100's momentum has declined, as per the slow stochastic slipping below 80 (blue rectangle). This, as the index closed lower over the last two consecutive days. However, we do note that yesterday's candle closed well off of its low. I.e., the bears lost control at the low point as bulls took over. Today's price action will…
The Chinese electric vehicle maker released solid financial results for the third quarter, earlier today, with the stock rallying at the beginning of trading in the US
Facebook announced on 28 October that it had changed its name to Meta Platforms. Please note that the stock ticker will change from FB to MVRS, effective 1 December. The company is currently trading at a PE of 24.4. This is lower than the Nasdaq multiple of 36.08. Past Performance: Past Performance is not an indicator of future results. The histogram denotes the company's ROIC (calculated using NOPAT, net PP&E…
Zoom announced its financial results for the third quarter of Fiscal Year 2022 on Monday November 22, after US markets had closed
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