AMAZON ENTER 162 TP 165 AFTER EARNINGS NASDAQ:AMZN
ENTER 162 TP 165 AFTER EARNINGS
Amazon
Revenue Growth: Analysts expect Amazon’s revenues to rise 11.4% YoY in Q4 and hit a record high of $166.2 billion1. The company’s Q3 operating margin of 7.8% was the highest since early 20211.
Profitability: Amazon posted record net profits in Q3, and the metric almost hit a milestone of $10 billion1. Analysts expect Amazon to post per-share earnings of $0.81 in Q4, which is 285% higher than the corresponding quarter last year1.
Cost-cutting Initiatives: Amazon has undertaken several cost-cutting initiatives that have helped to improve its profits, despite slowing revenue growth1.
Bullish Target Price: The 210 price target from Wedbush places the firm among the most bullish for Amazon stock2. The average 12-month target price for AMZN stock from Wall Street analysts is 179, according to FactSet2.
Amazon Web Services (AWS): The top-line growth of Amazon’s enterprise-focused AWS has been gradually falling, and YoY revenue growth slipped to an all-time low of 12% in Q31. However, Amazon has stressed that the segment’s growth is "stabilizing"1.
Consumer Sentiment and Business Spending: During their Q3 earnings call, Amazon said consumers are trading down amid still-high inflation and a challenging macro environment1. It will be crucial to watch for commentary on the business spending environment in 2024
Nyc
SPX 4800 LONG SANTA RALLY UNTIL 2024 Key Factors to Consider:
Economic Indicators: Monitor key economic indicators such as GDP growth, employment data, and inflation. Positive economic data may support the upward movement of the S&P 500, while negative indicators could lead to volatility.
Interest Rates: Changes in interest rates can impact the cost of borrowing and influence investor behavior. Keep an eye on central bank announcements and monetary policy changes.
Corporate Earnings: Earnings season can significantly affect the S&P 500. Track corporate earnings reports for insights into the health of individual companies and the overall market.
Geopolitical Events: Geopolitical developments, such as trade tensions or political instability, can impact market sentiment. Stay informed about global events that could affect the S&P 500.
RIVIAN 25 COMING.... 🎉 Why Rivian's Stock Price Could Hit $25 🎉
Innovation and Product Appeal: Rivian has been making waves with its innovative electric vehicles like the R1T and R1S. The anticipation around new models and features, like the Gear Guard live cam and Tri-zone climate control, keeps the brand's allure strong among tech-savvy consumers and environmental enthusiasts. The unique selling points of these vehicles could drive demand, positively impacting stock value.
Strategic Partnerships and Market Positioning: The relationship with Amazon for electric delivery vehicles positions Rivian as a key player in not just the consumer EV market but also in commercial applications. This could lead to steady order flows and visibility, crucial for investor confidence.
Production Scale and Cost Reduction: Rivian's focus on scaling production, especially with the introduction of its in-house Enduro drive unit, aims to reduce costs significantly. As production ramps up, achieving economies of scale could lead to better margins, making the stock more attractive.
Investor Sentiment and Analyst Predictions: Despite variations, there's a notable optimism among analysts with a mix of hold and buy ratings, suggesting that many see potential for growth. The consensus price targets around $17.68 with highs up to $28 indicate that reaching $25 isn't far-fetched, especially if Rivian meets its production and innovation goals.
Market Expansion and Brand Loyalty: Initiatives like The Good Project, where Rivian vehicles are used for community service, not only enhance brand image but also foster loyalty. Exclusive offers for existing customers to upgrade to newer models could retain and grow the customer base, indirectly supporting stock price through sustained demand.
Technological Advancements: Rivian's development of proprietary technology, including its own chips and operating system, could insulate it from supply chain issues and offer competitive advantages. Innovation in software updates like dynamic headlamp leveling shows a commitment to continuous improvement, which could excite investors.
Market Sentiment Towards EVs: The broader trend towards electric vehicles continues to gain momentum. As more regions implement policies favoring EVs, companies like Rivian, which are pure-play EV manufacturers, stand to benefit from this shift, potentially driving up stock prices.
Financial Health and Investment: While Rivian has significant cash reserves, managing these effectively for growth without excessive dilution could reassure investors. The strategic use of funds for R&D and scaling could pave the way for profitability, a significant milestone for stock valuation.
Short EURUSD 60 PIPS In the current market environment, there are indications that suggest a potential short opportunity for the EUR/USD currency pair. It's crucial to conduct thorough research and analysis before making any trading decisions, but here are some factors to consider:
Technical Analysis:
Look at the recent price action and identify key resistance levels that the EUR/USD pair has struggled to break above.
Use technical indicators such as Moving Averages, Relative Strength Index (RSI), or Bollinger Bands to assess the current market sentiment and potential overbought conditions.
Fundamental Factors:
Monitor economic indicators for both the Eurozone and the United States, such as GDP growth, inflation rates, and employment data.
Keep an eye on central bank policies and statements from the European Central Bank (ECB) and the Federal Reserve, as these can impact currency values.
Market Sentiment:
Analyze market sentiment through tools like the Commitments of Traders (COT) report to understand the positioning of large traders in the market.
Follow economic news and geopolitical events that may affect the Euro or the US Dollar.
Risk Management:
Establish a clear risk management strategy, including setting stop-loss orders and determining the size of your position relative to your overall trading capital.
Be prepared for potential volatility and have contingency plans in place.
Monitoring and Adjustments:
Regularly review your trade and stay updated on relevant market developments.
Be open to adjusting your strategy based on changing market conditions.
XRP LONG 0.75$ and 1.15$ are on the RadarXRP price prediction, the value of XRP is predicted to drop by -2.25% and reach $ 0.479326 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). XRP recorded 17/30 (57%) green days with 3.88% price volatility over the last 30 days. Based on our XRP forecast, it's now a good time to buy XRP.
XRP price today is $ 0.489242 with a 24-hour trading volume of $ 2.56B, market cap of $ 25.56B, and market dominance of 2.08%. The XRP price increased 1.12% in the last 24 hours.
XRP reached its highest price on Jan 4, 2018 when it was trading at its all-time high of $ 3.92, while XRP's lowest price was recorded on Jul 7, 2014 when it was trading at its all-time low of $ 0.002802. The lowest price since it's ATH was $ 0.113268 (cycle low). The highest XRP price since the last cycle low was $ 1.977930 (cycle high). The XRP price prediction sentiment is currently bullish, while Fear & Greed Index is showing 64 (Greed).
XRP's current circulating supply is 52.25B XRP out of max supply of 100.00B XRP. The current yearly supply inflation rate is 13.26% meaning 6.12B XRP were created in the last year. In terms of market cap, XRP is currently ranked #4 in the Layer 1 sector.
Trend bullish
higher pocs
divergence
RSI trend continuation is positive
The bullish sentiment is +86%
Comparing XRP against other important technological innovations and trends is one way of predicting where the XRP price could head over the long term. The table above shows what the XRP price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, XRP price prediction for year 2026 is $ 9.05 if it follows Facebook growth. In case XRP would follow Internet growth the prediction for 2026 would be $ 1.037854.
XRP is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 48 days, since May 16, 2023.
The price of XRP is currently above the 50-day SMA and this indicator has been signaling BUY for the last 2 days, since Jul 01, 2023.
The most recent Death Cross in the Bitcoin market happened 192 days ago, on Dec 23, 2022. Meanwhile, a Golden Cross last occurred on Apr 03, 2023, which was 91 days ago.
Based on our technical indicators, XRP's 200-day SMA will rise in the next month and will hit $ 0.466289 by Aug 02, 2023. XRP's short-term 50-Day SMA is estimated to hit $ 0.461511 by Aug 02, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 53.43, which indicates that the XRP market is in a neutral position.
S1 $ 0.471781
S2 $ 0.458633
S3 $ 0.446728
R1 $ 0.496833
R2 $ 0.508737
R3 $ 0.521886
Highlights
Price has increased by 52% in the last 1 year
Outperformed 80% of the top 100 crypto assets in 1 year
Trading above the 200-day simple moving average
18 green days in the last 30 days (60%)
Has high liquidity based on its market cap
Trading on Binance
Trading with Euro
Risk Analysis
Outperformed by Bitcoin and Ethereum
Down -87% from all-time high
Yearly inflation rate is 13.26%
XRP price is positively correlated with the top 10 coins by marketcap with a value of 0.140, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.128.
Currencies that are positively correlated with XRP indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with XRP, a move in one direction for XRP would translate into a move in the opposite direction for the negatively correlated coin.
XRP Price Forecast
Date Price Change
Jul 4, 2023 $ 0.487750 -0.54%
Jul 5, 2023 $ 0.493399 0.62%
Jul 6, 2023 $ 0.473601 -3.42%
Jul 7, 2023 $ 0.493554 0.65%
Jul 8, 2023 $ 0.479326 -2.25%
Jul 9, 2023 $ 0.484505 -1.20%
Jul 10, 2023 $ 0.442919 -9.68%
Jul 11, 2023 $ 0.461829 -5.82%
Jul 12, 2023 $ 0.473853 -3.37%
Jul 13, 2023 $ 0.488465 -0.39%
Jul 14, 2023 $ 0.468111 -4.54%
Jul 15, 2023 $ 0.442248 -9.81%
Jul 16, 2023 $ 0.439206 -10.43%
Jul 17, 2023 $ 0.436434 -11.00%
Jul 18, 2023 $ 0.437612 -10.76%
Jul 19, 2023 $ 0.447480 -8.75%
Jul 20, 2023 $ 0.442908 -9.68%
Jul 21, 2023 $ 0.453327 -7.56%
Jul 22, 2023 $ 0.463789 -5.42%
Jul 23, 2023 $ 0.446259 -9.00%
Jul 24, 2023 $ 0.443146 -9.63%
Jul 25, 2023 $ 0.439622 -10.35%
Jul 26, 2023 $ 0.433597 -11.58%
Jul 27, 2023 $ 0.431139 -12.08%
Jul 28, 2023 $ 0.431371 -12.03%
Jul 29, 2023 $ 0.420295 -14.29%
Jul 30, 2023 $ 0.429755 -12.36%
Jul 31, 2023 $ 0.422158 -13.91%
Aug 1, 2023 $ 0.437131 -10.86%
Aug 2, 2023 $ 0.436228 -11.04%
XRP Ripple is making a correction within uptrendCRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering only a few rate hikes next year would be great news for cryptos
Bitcoin is paving its way to traditional finance
Adidas news is ‘probably a big thing’
Inflation trades will keep doing better and better, crypto better days lie ahead
People rush to Bitcoin as a new-age inflation hedge
The SEC is poised to allow the first exchange-traded fund based on BTC futures
Negative real interest rates and post-pandemic era can boost blockchain
A Bitcoin ETF seems likely to happen, paving the way for the next boom
El Salvador leads world in adopting bitcoin as official currency, a big step
Senate reaches a deal over crypto amendment, supporting to not kill the industry
CRYPTO BEARISH
Reputational setback to further weigh on prices
Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort
Russia/Ukraine conflict to accelerate the regulation of the crypto industry
Higher energy prices make crypto mining more expensive
Bitcoin to suffer amid geopolitical tensions
Bitcoin hit by global risk appetite and shutdown in Kazakhstan
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies
Biden's infrastructure bill is bad for Bitcoin
Memecoins are now a problem
Cryptocurrencies will be regulated by governments
Spike in energy prices to become a burden for Bitcoin
China bans cryptocurrencies, again
Delta variant causing concerns, risk appetite disappears
SEC v Ripple Silence Left XRP on the Back Foot Again
There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case.
Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479.
On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.”
It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.
NAS100 Monthly We all know the federal reserve are trying to fight inflation . Last nfp on febuary 3rd 2023 came out hot 517k , this is scary for the federal reserve as they were hiking interest rates at .25 now they are looking at a possible 50bs . If price close below 10927.0 on the weekly there is a high probability, we could CRASH . The daily timeframe is maintaining structure creating LH and LL. Jerome powell will crash the markets to get inflation at 2% the targeted goal he dont care.
Us30 top down Yellow arrow is start of the pump of price from a level of consolidation. Since the other arrows show three sub levels of rise which market likes to move in. From high zone shows how price on the down move broke structure and now potentially finding liquidity to sell off for the direction price needs to fill lowerrr. Last 4 hour doji is a zone to keep eye on to break high then back under for sells or for that high to respect with new week and sell from. Will have to take a shot either way. My edge will be timing, monitoring the index itself individually, and risk management.