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XAUUSD upward factorsThere are a number of factors that have emerged to trigger a rise in XAUUSD, the most likely one being the growing tensions along the Ukrainian border. Gold has attracted investors as a hedge against volatility. Russia's invasion of Ukraine would certainly be an event worthy of triggering potentially huge uncertainty in the market - and traders hate uncertainty. The impact of the Russia-Ukraine situation on gold is simple: if tensions increase, gold could be boosted, and vice versa. Another factor is that a hawkish Fed directly threatens market sentiment leading to a sharp deterioration in global risk appetite and a wave of selling, which is expected to cause panic later. Of course, smart investors in the market already have ways to deal with this, and those rich and powerful will never lose but will make more money from it.
OANDA:XAUUSDLong
by Super_B_XinR
8
GoodFood is readyGOODFOOD (FOOD.TO) Description: Montreal based, online grocery company / meal delivery Share: Current price: 8.51 Results Y/Y: 130% 618M market cap 33.83% shares held by insiders 6.80% shares held by institutions Beta 0.04 Key notes; -Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year -Gross margin reached 30.4% for the quarter and gross profit was a record 30.6M, an increase of 12.8M or 72% -Net loss was 4M, an increase of 0.7M compared to the same period last year, resulting in a loss per share of 0.06$ -Quarterly cash flow from operating activities totaled 5.4M, an improvement of 9.3M compared to the same period last year -Record cash position of 163M -Active subscribers reached 319k as at February 28 2021, an increase of 73k or 30%, compared to February 29, 2020 -Analyst 479.6M sales projected for 2022: 14.59$ stock value. Assuming 3% of Canadians use online meal delivery for the next 10’years : 3% 38M people = 1.14M potential subscribers, 1/3 target reached already -Highest profit margins/subscriber growth of the top grocers in Canada Important recent news: 04 feb 2021: FOOD.TO raises $60M in deal public offering of common shares:“Desjardins Capital Markets and RBC Dominion Securities Inc. pursuant to which the Underwriters have agreed to purchase from the Company, 4,800,000 common shares of the Company at a price of $12.50. 16 feb 2021: FOOD.TO has announced an expansion of its credit financing of $21 million. Graph notes: -Finaly broke downtrend and retested it -EMA crossing -RSI oversold In conclusion: It’s ready for a nice run boys
TSX:FOODLong
by Amioboi
2