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
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.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
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.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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