Stocks in 2021

syamfx2020

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The American pharmaceutical company Merck (NYSE: MRK) shares bounced more than 9% so far this month. Meanwhile, the stock prices of vaccine makers including Moderna and Novavax dropped following the report on Merck’s pill.

Merck stock jumped after the company announced promising results of their antiviral drug, molnupiravir. The latest clinical trials indicated it could reduce by about 50% the likelihood of hospitalisation or death for patients from Covid-19.

“With these compelling results, we are optimistic that molnupiravir can become an important medicine as part of the global effort to fight the pandemic and will add to Merck’s unique legacy of bringing forward breakthroughs in infectious diseases when they are needed most,” Merck CEO, Robert M. Davis said.

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The pharmaceutical company said molnupiravir was effective against all coronavirus variants, including the highly transmissible Delta. The company is seeking to secure emergency use authorisation by the U.S. Food and Drug Administration as soon as possible based on these findings. If approved, it would be the first oral medicine and an easier way to treat people who have been infected with COVID.

Merck says it can make as many as 10 million doses of molnupiravir by the end of the year. The U.S. government has committed to purchase 1.7 million doses of the drug if it is authorized by the FDA. On the other hand, Pfizer and Swiss drugmaker Roche are also racing to develop an easy-to-administer antiviral pill for COVID-19.

$MRK technical outlook

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Technically the overall momentum remains bullish. At the time of writing, the stock trading slightly down from the recent peak. However, in the coming days, there are chances the $MRK stock may eventually rise to an all-time high of $92 but anyway it depends upon the FDA and other governments approval. On the flip side, the first immediate support can be found at $79 and then $75.

Read more- https://gulfbrokers.com/en/is-merck-stock-the-new-black-horse-in-the-pharma-industry
 

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The world's largest pizza chain Domino's Pizza (NYSE: DPZ) is set to announce its third-quarter 2021 financial results on Thursday, Oct. 14. During the second quarter, Domino's global retail sales growth increased by 17.1% from the year prior.

A consensus of estimates for the upcoming Q3 2021 Domino’s results arrive at the following:

  • Revenue for the quarter of $1.03 billion
  • Earnings per share (EPS) for the quarter of $3.11
The $DPZ stock is currently supported at $465 and the resistance is around $505. Technically the overall momentum remains bearish. However, there is a possibility that Domino’s stock could slightly rebound if the company exceeds expectations. On the downside, a drop below $465 will invalidate the short-term bullish view.

ocado


$DPZ key technical levels to watch this week:

  • Support: $472 and $465
  • Resistance: $490 and $502
In the long term, watch for monthly closing above $505 or below $440 area, that will give a larger confirmation of direction in the long term.

Read more- https://gulfbrokers.com/en/dominos-nyse-dpz-q3-earnings-preview
 

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Shares of Gambling and resorts giant MGM Resorts (NYSE: MGM) rallied more than 9% on Tuesday and climbed to a fresh 52-week high of $48.94. The strong bullish momentum came after Credit Suisse upgraded the company’s shares to “outperform” from “neutral” status, with a $68 price target.

“MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit,” Credit Suisse said.

Last month, MGM Resorts entered into a definitive agreement with Blackstone Group to acquire the hotel operations of The Cosmopolitan of Las Vegas for $1.625 billion. The Cosmopolitan is an 800-room luxury resort and casino that opened in 2010. Blackstone purchased the property from Deutsche Bank for $1.7 billion in 2014. According to Blackstone, the transaction is expected to close in early 2022.

“We look forward to welcoming The Cosmopolitan's guests and employees to the MGM Resorts family," MGM Resorts CEO, Bill Hornbuckle said.

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Technically the overall momentum remained bullish for the $MGM throughout this year and the stock is up 40% so far in 2021. In the short term, if the bullish momentum continues the stock can push further up continuing the uptrend with the first potential target should be $50/54.

Read more- https://gulfbrokers.com/en/casino-giant-mgm-stock-spikes-9-hits-fresh-52-week-high
 

FriendlyFX

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Wow with all that's gone on in the world I think we will still have remnants of online learning and at home working. I think this could be a great opportunity
Excellent point my man .
Online learning where it's practical will also be much cheaper than uni .
I mean young people can stay at home or meet up in local library's.
It decreases Carbon footprint less driving working from home
 

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On October 24, Chinese electric vehicle maker XPeng announced the sixth generation of its flying car. The flying car with road capabilities is currently scheduled to arrive in 2024 and it was developed by XPeng’x Urban Air Mobility affiliate known as HT Aero. He Xiaopeng, the CEO of XPeng believes that by 2040 10-15% of the Chinese population will be driving flying cars.

XPeng (NYSE: XPEV) stock surged more than 10% after the news and XPeng shares have added more than 32% since October 1st. In the short term, if the bullish momentum continues the next upside levels to watch $60 and $74. On the flip side, any pullback might now be seen as a buying opportunity.

tesla


The flying car features a lightweight design and foldable rotor mechanism, and the car will have an advanced environmental perception system to conduct safety assessments before take-off. The company revealed the vehicle will have several safety features, including parachutes. Alongside the flying car, XPeng also unveiled the latest version of its advanced driver assistance system called Xpilot 4.0, which is expected to be rolled out in the first half of 2023.

"Our exploration of more efficient, safer, carbon-neutral mobility solutions goes far beyond just smart EVs, and is the cornerstone of our long-term competitive advantages," XPeng CEO He Xiaopeng said.

On the other hand, recently XPeng released its vehicle delivery results for October 2021. The company delivered 10,138 vehicles last month, more than tripling from a year earlier.

Read more- https://gulfbrokers.com/en/chinas-xpeng-ready-to-fly-high
 

syamfx2020

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As we are heading to the final months of this year. So, I thought I would share with you guys some of the stocks which I believe you should add to your watchlist now.

Here are the 5 stocks you need to watch in Q4

1. Lucid Group (NASDAQ: LCID) - Market Cap: 57B

Lucid is an American-based automotive manufacturing company specialized in electric cars. Recently the stock bounced more than 40% after the company announced that deliveries of the highly anticipated Air Dream Edition sedan will begin on Saturday, October 30th.

Technical view: The stock has been range-bound over the past 6 months and currently trading above the upper base of a rectangle pattern. In the long term, there are chances the stock may eventually rise back to the all-time high of $64 if the upside momentum continues.

LUCID


2. Teladoc Health (NYSE: TDOC) - Market Cap: 23B

Teladoc is a virtual healthcare company that offers a variety of care services, including primary care, and mental health etc.

Technical view: The stock rebounded after a big sell-off this year and it is currently supported at $120. In the long term, watch for the important breakout at $100 and $175, which will give a larger confirmation of direction.

TELADOC


3. ChargePoint (NYSE: CHPT) - Market Cap: 6.94B

ChargePoint is a leading electric vehicle charging network in North America and Europe.

Technical view: The stock jumped almost 10% in October after losing more than 40% so far this year. While in the short term, it can push further up if the recent upside momentum continues, and the first target should be $28. On the downside, if the stock loses the $17 handle, then the next support area to watch is $12.95(52-week low).

CHARGE


4. Alibaba (NYSE: BABA) - Market Cap: 486.6B

Alibaba is the largest retailer in the world, and also one of the largest internet business platforms with operations in more than 200 countries.

Over the past couple of months, we have witnessed a sharp fall in the price of Alibaba stock and that was a quite surprise for the investors, but the stock found strong buyers below the two-year low.

Technical view: The key resistance remains near the $200 psychological level, any break above would increase the potential of an extension towards $230 over the coming months. On the flip side, the immediate support is near $165 then $150.

BABA




5. NIO (NYSE: NIO) - Market Cap: 63.71B

NIO is a publicly-traded Chinese automaker which is also called the Chinese version of Tesla.

NIO shares closed in the green for the third consecutive week. During the 3rd quarter. the stock faced some downside pressure as the company witnessed tough challenges from the competition and the technology front. In the long term, watch for the important breakout at $46 and $30, which will give a larger confirmation of direction.

NIO



Read more - https://gulfbrokers.com/en/stocks-to-watch-in-q4
 

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As 5G technology offers, compared to any other technology known before, much faster and more reliable Internet access, faster network response, and higher connectivity of a large number of devices we are on the verge of an unseen revolution.

I selected three sectors to which special attention should be paid because of the 5G.

Ground-breaking medical applications

5G has been first tested in 2019 in China during a long-distance medical surgery. Except for the operations it can also be used to monitor patients’ conditions. Stryker Corporation which operates in the biotechnology industry or Intuitive Surgical focused on medical robotics belong among the biggest companies using the 5G technology.

Revolution in transport

Moving on to the transport sector, thanks to the 5G technology, robotic taxis or autonomous driving will be able to develop. It will also help to transfer information between cars and, for example, surrounding buildings or street lighting. Companies like Ford or Lyft have been testing the advantages of this new generation. Furthermore, Ford in partnership with Argo AI has been testing self-driving cars via the Lyft platform.

New smart devices standard

The smart devices sector is another one benefiting from this development. Consumers including companies or factories have access to information and communicate faster and easier than ever. The American subsidiary of the Ericsson company enables full adaptation and installation of equipment for Industry 4.0. IBM is operating with its cloud system and a majority of their products can be used in expanding usability — optimization of factories, AI, remote human assistance, etc. — to enhance the quality and efficiency of work.

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In conclusion, we can see that technological evolution has been huge. It has developed and modernized industries like communication or transport and with the emergence of the 5G generation, the new technology era starts.

Read the full blog here- https://gulfbrokers.com/en/5g-technology-and-top-companies-in-business-sectors
 

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Shares of Ride-hailing giant Lyft (NASDAQ: LYFT) jumped 10% on Wed following the release of better-than-expected Q3 earnings.

EPS: $0.05 -$0.03 expected

Revenue: $864M$862M expected

"Driver supply materially improved in Q3, up nearly 45% versus last year, reflecting strong new driver trends," Lyft CEO, Logan Green said.

Moving ahead, Lyft’s top competitor in the ride-sharing market Uber (NYSE: UBER) is set to announce its Q3 results today.
 

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Shares of athletic apparel maker Under Armour (NYSE: UAA) jumped more than 20% this week after the company reported solid third-quarter financial results. Under Armour raised its full-year 2021 outlook and the company anticipates revenue for the year to climb 25% to $5.62B.

  • Earnings per share: 0.31 vs. 0.10 expected
  • Revenue: $1.55 billion vs. $1.48 billion expected
The strong last quarter results were boosted by the demand for sneakers and performance apparel. During the quarter, Under Armour apparel revenue climbed 14% YoY to $1.1B and footwear revenue increased by 10% to $330M while Accessories revenue fell 13% to $126M.

“With industry-leading innovations, increased marketing efforts to deepen our connection with focused performers, and consistent operational discipline – we’re building greater brand affinity and are on track to deliver record revenue and earnings results in 2021.” - Under Armour CEO, Patrik Frisk said.

ocado


Under Armour stock currently hovers near the $28 resistance level. If the bullish momentum continues then the next upside levels to watch $33 and $37. On the downside, any meaningful pullback now seems to find some support near the $23/22 zones, below which the slide could further get extended towards the $20/19 region.

Read more- https://gulfbrokers.com/en/under-armour-stock-spikes-20-after-earnings-beat
 

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Shares of cybersecurity firm McAfee (NASDAQ: MCFE) jumped 25% last Friday after the Wall Street Journal report said, the company is nearing a deal to sell itself to US private equity firm Advent International for more than $10 billion.

However, both of the parties are not issued an official statement to confirm or deny the agreement. The deal could be announced on Monday and there are chances the talks could still fall apart, the report said. A few months back, the company sold its enterprise division to a consortium led by Symphony Technology Group.

McAfee is an antivirus software provider that provides cyber security solutions for data centres and cloud services. Antivirus software company returned to Wall Street on October 22, 2020, and it commenced trading on the Nasdaq.

HASH


McAfee stock up more than 50% over the previous 12 months. On Friday, the stock ended over 20% higher at $25.46 and Its market capitalization has since risen to $ 11 billion.

Read more- https://gulfbrokers.com/en/why-cybersecurity-firm-mcafee-stock-jumped-25-on-friday
 
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