Market Review May 22

Market Review May 22

Is The Worst Over For Facebook Stock?

 

By Investing.com (Haris Anwar/Investing.com)

 

Facebook (NASDAQ:FB) is back in the game. After being decimated by government probes, data privacy breaches and analyst downgrades during the past several weeks, its shares are now rapidly approaching its record high, a bit above $195, which the stock hit in February.

 

https://www.investing.com/analysis/is-the-worst-over-for-facebook-stock-200317666

 

3 Reasons Facebook Inc Will Go Up 10% – and Beyond

 

The new dating app will take FB stock back to its 52-week high in the near term

 

By WILL HEALY, InvestorPlace Contributor

 

Reason 1: Less Emotion-Driven Trading
Reason 2: The Facebook Dating App
Reason 3: Compelling Chart and Fundamentals

 

Both the earnings numbers and the stock chart show this correction in Facebook was driven by one thing — feelings. The latest earnings report shows these feelings to be largely unfounded. Moreover, with the upcoming Facebook dating app, Facebook will be well-positioned to recoup lost ad revenue and gain new data which could they potentially monetize. Furthermore, the stock trades at a forward PE of about 23 and enjoys a near-term earnings growth rate above 20%.

 

https://investorplace.com/2018/05/3-reasons-facebook-inc-fb-stock-10-percent-beyond/

 

 

 

Tesla’s Elon Musk announces new high-performance Model 3 for $78,000

 

Elon Musk announced details about a high-performance upgrade for Tesla Inc.’s Model 3 electric cars in a series of tweets Saturday night, including one version that more than doubles the sedan’s cost.

 

Musk also announced a new service program, in which Tesla owners can request service for their car via a mobile app.

 

https://www.marketwatch.com/story/teslas-elon-musk-announces-new-high-performance-model-3-for-78000-2018-05-20

 

 

Will GBP/NZD Exchange Rate Rise On Strong Retail Sales?

 

There could be Pound to New Zealand Dollar (GBP/NZD) exchange rate volatility in the week ahead, when UK inflation and retail sales data is released.

 

In the former case, a forecast-matching rise in inflation on Wednesday could unsettle Pound traders and lead to falling confidence in Sterling.

 

While higher inflation will increase the pressure on the Bank of England (BoE) to consider hiking interest rates, it will also risk the UK once again facing wage squeeze conditions.

 

Retail sales can fall under such conditions, because households find their finances restricted and spending may need to be reined in for essentials.

 

https://www.exchangerates.org.uk/news/21688/gbp-nzd-exchange-rate-news-and-five-day-currency-predictions-forecast.html

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