In our weekend digest, we summarize the best pieces published from the working week. These can be read in full by clicking on the link over the name/ticker.
Editor’s Picks – all eyes on Ukraine, volatility spikes
Phil noted down his initial thoughts in a QuickPick on Tuesday as to how the FX markets were holding up as things looked ominous.
Later in the week we put out a more detailed analysis into the impact of the invasion on the Russian Ruble, and what moves we could see going forward.
Robert provides update data from Wall Street on the top rated stocks from the US right now, including target prices for the next year.
Stocks – earnings season in full flow
hen earnings released on February 3rd, prices took a further hit as revenues finished lower than expectations. Since then, prices have consolidated. We think it is worth noting as there may be a move to the upside from this.
The chart is setting up in an ascending triangle pattern as prices trade sideways. Volume was higher than previous days on Friday as prices moved up. Selling pressure ultimately came out on top as prices rejected above $18. A close above $18.60 would be a good indication that a reversal up may happen.
The stock price has reacted well as the price has risen 14% since open. However, the price remains way down near all-time lows and 86% off highs. Growth is still out of favour, but this may be the start of a steady recovery. While the price is near initial IPO levels, the risk of more downside is low compared to the long term upside the space industry has.
Data – fresh updates
The analysis generally consists of in-depth fundamental evaluation of the company’s financial results, management team, industry, competitive forces, and technical factors. The stocks are then assigned a “BUY”, “HOLD”, “SELL” rating to indicate whether the stock is expected outperform, perform in-line, or underperform the market over the next 12 months. This is usually accompanied with a “Target Price”.
To find individual disclaimers on specific stocks, please read the specific article.
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