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PayPal Recovering 42% From Recent LowsStrategic partnerships between major companies like PayPal and Adyen are enhancing consumer convenience with their new project, Fastlane by PayPal. Aimed at revolutionizing the checkout process for U.S. enterprise and marketplace users, Fastlane combines PayPal and Adyen's technologies to streamline guest checkout, significantly reducing purchase completion time. A key feature of Fastlane is its ability to remember users' payment and shipping details, facilitating quicker future transactions. According to PayPal's data from April to June 2024, Fastlane increased checkout conversion rates by over 80% and decreased checkout time by 32% compared to traditional methods, indicating a boost in customer satisfaction and retention. Adyen, recognized for its extensive fintech solutions, is the first payment processor partnering in the Fastlane initiative, which supports PayPal’s goal of global expansion. The service now includes more payment options like Venmo and various Buy Now, Pay Later schemes, accessible worldwide through Adyen’s platform, enhancing payment flexibility. The introduction of Fastlane might influence the financial sector and stock market, especially considering PayPal's stock recovery signs after a significant drop. Strategic developments such as Fastlane could be crucial for further growth as the stock challenges major resistance levels. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:PYPL
by Sublime_Trading
Microsoft Recovers 10% From Market Correction!Berkshire Hathaway has significantly cut its Apple investment, selling 505 million shares—a 55.8% reduction. This move reflects a major shift in its investment strategy, despite an 800% gain in its Apple shares since 2016. The decision is influenced by multiple market factors, including a slowdown in Apple's revenue growth and a significant drop in smartphone demand, particularly impacted by shrinking markets in China and ongoing legal challenges, such as a U.S. Department of Justice antitrust lawsuit. Despite these hurdles, Apple is pushing innovation, venturing into artificial intelligence and satellite connectivity, which could strengthen its market position and open new revenue streams. Meanwhile, Apple's stock, after peaking at $237 in July and dropping to $200, has begun to recover, rising 10% since a post-earnings dip in early August, with a 12% year-to-date increase. This volatility underscores the need for investor patience, given Apple's trend of prolonged growth phases interspersed with flat periods.
NASDAQ:MSFTLong
by Sublime_Trading
Nvidia Adds $330 Billion in a Single DayNvidia's stock valuation skyrocketed, adding $330 billion in a single day, surpassing its prior record gain of $277 billion. This increase was fueled by Microsoft announcing a 60% increase in AI spending for 2024, totaling $69 billion. Consequently, Nvidia's stock price surged nearly 13%, elevating its market cap to $2.88 trillion and making it the third-most valuable company globally, behind Apple and Microsoft. Despite this record-setting performance, Nvidia faced a tumultuous July, with its stock price decreasing by 16% throughout the month, closing down 5% despite a partial recovery. This decline reflected broader market volatility, as seen in the Nasdaq’s 1.5% drop. On Tuesday, Nvidia's shares dipped 7%, testing the crucial $100 support level. However, the positive response to Microsoft's investment suggests Nvidia might maintain its momentum above this critical threshold. Last month, the stock hit multiple highs, peaking at $140 on June 20, indicating strong market confidence. For Nvidia to surpass this record high, its stock would need an additional 20% gain. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NVDALong
by Sublime_Trading
Nvidia Climbs 155% While Facing AI Ethical CriticismNvidia remains a significant player in the AI industry, grouped with companies like Apple and Anthropic, which have been criticized for training their AI technologies by extracting subtitles from 173,536 YouTube videos across over 48,000 channels, including content from notable creators such as MrBeast and PewDiePie. This practice violates YouTube's terms by using content without creator consent, posing legal and ethical issues. Financially, Nvidia's stock experienced a substantial 86% rise from mid-April to June, followed by a stabilization period with prices oscillating between $117 and $140. Despite this slowdown, the company's year-to-date growth is impressive at 155%, with a potential for stock values to climb past $150 if demand for AI continues to surge. The ongoing ethical debate around AI data usage underscores the importance of regulatory compliance and maintaining trust in the tech industry's use of content. This dialogue is crucial for shaping future AI governance.
NASDAQ:NVDALong
by Sublime_Trading
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:GME
by Sublime_Trading
Tesla Faces Market Turbulence in 2024 Despite Record RevenueTesla's financial performance in 2023, with a revenue of $97 billion, has been a key focus for investors. However, 2024 has brought challenges, notably impacting its market position. In January 2024, Tesla's shares saw a significant 24% drop, primarily due to expected weaker sales growth, wiping out about $80 billion in market value. The release of Tesla's Q4 earnings on January 24 further intensified these challenges. Earnings per share were reported at $0.71, below the expected $0.74, leading to an 8% drop in stock price and a fall below the $200 mark, a level last seen in May 2023. Since the Q4 report, Tesla's stock has struggled to surpass the $200 threshold, which now acts as a psychological barrier. The persistence of this resistance level suggests a cautious outlook for Tesla's stock, with potential for further declines if it fails to break through this barrier. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:TSLA
by Sublime_Trading
Netflix Surges 9% In One Day!Disney's recent move to license more TV shows to Netflix marks a significant shift in the streaming industry, bolstering Netflix's extensive content library. Historically, Netflix has heavily invested in content, spending over $17 billion annually at one point, to maintain its industry dominance. However, Netflix has faced challenges like subscription fatigue and increased competition, leading to reduced profitability and subscriber numbers. In response, the company has implemented cost-cutting measures and introduced strategies like cracking down on password sharing and launching ad-supported tiers to boost revenue. Despite a heavy debt load exceeding $14 billion, Netflix's operating margin shows signs of improvement, potentially reaching up to 24%. The company's stock has seen a 16% increase in 2024, following a 64% rise in 2023. Notably, the stock surged 9% post-earnings announcement last week, despite Q4 earnings falling short of estimates. This indicates continued investor confidence, as negative earnings didn't dampen stock performance. Looking ahead, the focus is on whether Netflix can surpass its November 2021 all-time high of $700. Achieving this would underscore the company's resilience and adaptability in the dynamic streaming market.
NASDAQ:NFLXLong
by Sublime_Trading
Us Dollar Weakness - Will Price Drop To $100 Again?The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements. The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
Can Nvidia Be Knocked Off The AI Top Spot?AMD's recent launch of the Instinct MI300X AI chip marks a significant entry into the AI chip market, challenging Nvidia's dominance. Supported by Microsoft and Meta, this innovative chip positions AMD as a strong competitor in the sector. Analysts predict AMD could capture about 10% of the AI chip market, a notable achievement considering Nvidia's current market stronghold. Following the announcement, AMD's stock witnessed a nearly 10% surge, indicating strong investor confidence in the new product's market potential. In contrast, Nvidia saw a modest 2.4% increase in its shares. Despite this, Nvidia has experienced a substantial 2.15% increase in its stock value over the past year, showcasing its robust market presence. AMD's ambitious goal to achieve $2 billion in AI GPU sales by 2024 underlines their commitment to the Instinct MI300X's success. Meanwhile, Nvidia, currently in a consolidation phase, fluctuates between support and resistance levels of $400 and $500, respectively. The introduction of the Instinct MI300X by AMD heralds a new era in the AI chip market, setting the stage for an intense competition between these tech giants.
NASDAQ:NVDALong
by Sublime_Trading
Uber Up 113% For 2023!Uber's stock market journey has been a rollercoaster of highs and lows over four and a half years. The stock reached a high of $64 in February 2021 but plummeted to $13 by March 2020. During a challenging period from February 2021 to June 2022, the stock saw a 68% decline but found crucial support at $20. In January 2023, it crossed the significant daily 200 simple moving average at $27, indicating a shift in investor sentiment. The stock continued its upward trajectory, surpassing $40 in June 2023 and then facing resistance at the $50 mark in July 2023. It retreated to $40 in October 2023 before breaking past $50, aided by Q3 earnings reported on November 7th. Despite earnings being slightly below estimates, the stock closed up nearly 4%. Since the earnings report, Uber's stock has risen by 15%, with a year-to-date increase of 113% and a 25% rise in November alone. As it approaches its all-time high of $64, there's anticipation about its ability to set new records and possibly establish a long-term bullish trend. However, given its volatile history, the future remains uncertain as investors watch to see if Uber can maintain sustained growth. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:UBER
by Sublime_Trading
Netflix Surges 28% Since Q3 EarningsNetflix's stock in 2021 has been a rollercoaster, starting with a strong 62% rise by July, nearing the $500 mark, before experiencing a sharp downturn. The stock fell below the crucial 200-day moving average to around $370, marking a significant 28% drop, but found some support at the weekly 50-day average near $350. The Q3 earnings report was a turning point, with actual earnings of $3.73 surpassing the estimated $3.49. This led to a positive market reaction, with the stock opening 16% higher post-announcement and climbing 28% since then. The surge in earnings was primarily due to robust subscriber growth, a key indicator of the company's future financial health and stock potential. Looking ahead, Netflix faces major resistance levels, first at the $500 psychological mark, and then at last year's high of $609. Overcoming these barriers could signal further bullish trends. As of November, the stock is showing strong performance with an 8% increase, adding to the positive outlook among investors. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLX
by Sublime_Trading
4
US Dollar Setting Up For A Bounce!The US dollar is demonstrating notable resilience, bouncing back from key support levels and hinting at a possible upward trend, amid expectations that the Federal Reserve may pause on raising interest rates. This outlook is partly due to October's weaker-than-expected job growth, which could influence the Fed's rate decisions as it aims to balance employment with inflation control. Following the release of the Non-Farm Payroll (NFP) report, the dollar saw a 1% drop, allowing the pound and euro to gain against it. However, the dollar quickly steadied, maintaining above the May 2023 peak of 104.61, suggesting a stable base for potential growth. A continued rise above the October peak of 107.05 could signal a more significant rally ahead. Against the Japanese yen, the dollar has climbed 14% this year, with last year's high of 151.94 now serving as a strong support. If the dollar's momentum persists, it could break past this level and ascend further. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
6% Surge For Apple Following Positive Earnings!Apple Inc. has managed to carve out a silver lining in its latest financial performance, with iPhone sales witnessing a 2.8% increase despite a general downturn in hardware sales. This growth stands in stark contrast to the significant declines in Mac and iPad sales, with Mac sales plummeting by nearly 34% over the year, highlighting the fierce competition and shifting consumer preferences in the tech industry. On the financial front, Apple's revenue dipped slightly to $89.50 billion, a 1% decrease. However, the company's net income tells a more positive story, surging by 11% to $22.96 billion. The Q4 earnings report brought more good news, with earnings per share reaching $1.46, comfortably beating the $1.31 estimate and fueling a 1% gap up in stock price at market open, followed by a 2% rise at close. Despite a tumultuous journey with a 16% drop from a July peak of $198, Apple's stock has rallied 36% over the year. The stock found support at the weekly 50 simple moving average in October and has since rebounded with a 4% rise in November, now 6% above the October low. Looking ahead, the stock faces a critical test at the $182 resistance level, which if breached, could set the stage for a new all-time high. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AAPLLong
by Sublime_Trading
Mastercard Suffers A Fall Following Earnings - But Up 7%Mastercard's stock experienced a 5% drop following its latest earnings report, despite surpassing expected earnings. Analysts had predicted earnings of $3.21 per share for Q3, but the actual figure was $3.39. This outperformance, however, did not translate into positive market sentiment, as the stock price fell after the market opened on October 28th. This decline reflects the complex dynamics between company performance and investor expectations. The stock found support at $359 after a 14% drop from its September 2023 peak, where it failed to break the $420 mark. Over the last decade, Mastercard's stock has grown by 428%, but since April 2021, its growth has slowed, with the stock oscillating between $276 and $420. Despite these fluctuations, the overall trend remains bullish. Currently, Mastercard's stock is up 7% for the year, showcasing resilience amid market volatility. The focus now is on whether the stock will break out of its current range and resume its long-term upward trajectory.
NYSE:MA
by Sublime_Trading
Paypal Close To Dropping Through $50!Apple's foray into the payment industry is impacting PayPal's stock price, causing concern among investors. Analysts are closely monitoring PayPal's third-quarter earnings report to assess the company's current standing and future prospects. Despite projected earnings of $1.16 per share, PayPal's stock has been struggling, experiencing a 32% drop since the beginning of the year, despite positive earnings reports. So far this year, the stock has declined by 28%, with a 13% drop in October alone. This downward trend raises doubts about PayPal's ability to recover, especially since it lacks strong historical support levels. While the stock may find some support around the $50 mark, a significant rebound is necessary for a complete recovery. In fact, to reach its all-time high, the stock would need to surge by a staggering 505%. Another significant obstacle is surpassing last year's low of $66. The upcoming third-quarter earnings report, scheduled for release on November 1st, will be crucial in determining PayPal's near-term outlook and its ability to navigate the challenges within the industry.
NASDAQ:PYPLShort
by Sublime_Trading
Gold Set To Take On $2000 Amidst The Middle East CrisesThe global markets often react to geopolitical events, and the rising Middle East conflict is a prime example, drawing investors' attention worldwide. This tension has amplified the demand for gold, a traditionally secure investment. The ongoing Israel-Hamas conflict underscores gold's safe-haven status. Gold prices have surged by 9% since October 6th. Looking back to August 2020, prices have ranged between $1614 and $2075. Such consolidations hint at a significant impending move so a breakout might be on the horizon. Recently, gold approached the crucial $2000 mark, a level that price last traded above in May 2023. Surpassing this could lead to price challenging its all-time high of $2081. With the Middle East conflict persisting, gold's appeal as a protective investment might push its prices to new records heights, even as the financial landscape remains unpredictable.
TVC:GOLD
by Sublime_Trading
Netflix Surges 16% Post Earnings!Netflix's stock surged 16% due to a 70% spike in subscribers for its new ad-supported tier, adding over 8 million users. This pushed the global subscriber count to 247 million, marking the largest growth since Q2 2020, a period influenced by pandemic-driven home entertainment demand. Financially, Q3 earnings exceeded expectations: projected at $3.49, they reached $3.73. Although the stock previously neared a concerning $300, positive earnings pushed it back up past the $400 level. Yet, a challenge remains: breaking the $423 resistance level from June 2018. Still, with a 7% rise in October and a 37% annual increase, the outlook remains optimistic.
NASDAQ:NFLX
by Sublime_Trading
2
Nvidia's Highs, Lows, and the Journey AheadNvidia, a renowned tech industry stalwart, is navigating through market turbulence, having witnessed its stock soar to record highs and subsequently decline, leaving investors pondering its future trajectory. On August 24th, the stock marked a record $502, but the $500 level acted as a psychological barrier, triggering a 15% retreat from its peak as it likely represented a pinnacle for investors. This decline has momentarily stabilized above $400, with buyers striving to elevate the price amidst prevailing market forces. The low at $403 on August 14th is pivotal; breaching it could see the price descending to $400 and potentially to the next substantial support at $346, mirroring November 2021’s high. Despite these oscillations, Nvidia boasts a year-to-date gain of 184%. If the current support sustains, a revisit to the $500 level is plausible. The ongoing scenario raises questions—Is this downturn transient, or does it herald a prolonged decline? Observing upcoming market trends and Nvidia’s performance will be crucial in deciphering the longevity of this downturn.
NASDAQ:NVDALong
by Sublime_Trading
Crude Oil's Rollercoaster: Key Insights for InvestorsThe crude oil market has been a whirlwind of activity, with prices peaking at $129 in March 2022 and plummeting to $63 by May 2023. This volatility has led to a broad consolidation zone, stalling the formation of long-term trends. A pivotal support for these fluctuating prices has been the weekly 200 simple moving average. This indicator helped the price rebound from its low, pushing it above the $70 mark, which was also 2022's lowest point. By July, the price had escalated to over $80, indicating a possible shift in market sentiment. Year-to-date, crude oil has seen a modest yet promising 6% increase, a significant recovery from a 21% drop earlier in the year. This uptick is largely attributed to a 16% bullish surge in July. Last week, the market hit a milestone as prices broke the $83 resistance level, marking 2023's highest prices yet and potentially heralding a new trend. While there are no major resistance levels to halt this momentum, the $100 mark could serve as a psychological barrier, introducing some market turbulence. Recent trends suggest the onset of a bullish phase in crude oil, the first since March 2022. This presents a ripe opportunity for investors to recalibrate their strategies, as we may be on the brink of a sustained bullish trend.
TVC:USOILLong
by Sublime_Trading
Michael Burry Bets $1.6B On Market Crash - Dow Jones Down 500+Michael Burry has placed a substantial $1.6 billion bet on an imminent stock market crash, representing 90% of his firm's assets. Known for his accurate prediction of the 2008 US housing market crash which netted him $100 million, Burry's recent move follows a 500-point drop in the Dow Jones in just two days. Despite this downturn, the Dow Jones has shown a positive trend in 2023, rising over 1,500 points. It's vital for investors to discern between short-lived market shifts and long-term trends. An in-depth analysis of the Dow Jones reveals a robust support level from December 2022 at $34,712, further reinforced by the daily 50 SMA just beneath. This strong support could be pivotal in pushing the index upwards, potentially eclipsing its January 2022 record high of $36,952.
TVC:DJI
by Sublime_Trading
Berkshire Hathaway On The Brink Of Another BreakoutBerkshire Hathaway's stock recently displayed encouraging growth, with a notable bullish surge on August 7th. After reaching its zenith in March 2022, the stock suffered a 28% drop. By October 2022, the stock steadied at $260 and recently made a bullish stride, briefly outdoing its past record. However, this new high was marginal and fleeting, as the stock soon reverted below its former peak. A build-up of momentum led to this breakout, with the stock's inflection point being the $321 resistance, which then became support. This pivotal level has consistently posed challenges for the stock, given its proximity to its all-time high. It took 18 months for the stock to muster the courage to challenge this robust resistance. The stock's recent surge might be attributed to its favorable Q2 earnings report, where it reported earnings of 4.62 against the predicted 3.87. Notably, the daily 20 simple moving average stands slightly under the stock's current $350 price, potentially acting as a vital support. If the stock maintains this position, it may pave the way for future growth, potentially setting new record highs and establishing a lasting bullish trend. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:BRK.BLong
by Sublime_Trading
2
Uber's Profit Surge Amid Stock Slump - What's Next?Uber Technologies Inc, the prominent American ride-hailing company, has recently reported its first-ever operating profit, signifying a successful shift to profitability. The company posted pre-tax earnings of $326 million (£255 million), a significant improvement from the previous year's operating loss of $713 million (£558 million). The turnaround is primarily due to a 22% increase in booked trips, indicating a surge in demand. Despite Uber's positive financial performance, the stock market responded unexpectedly with a 5.68% drop in Uber's stock price on the Q2 earnings release day. This event serves as a reminder of the unpredictable nature of financial markets, where stock prices don't necessarily align with a company's earnings due to various influencing factors such as market sentiment, economic indicators, and global events. Despite the recent decline, Uber's stock price has reached a significant support level, previously last year's high. This level could potentially act as a foundation for future trends and if the price strongly rebounds from this level, a significant upward move might be forthcoming. However, investors should remain cautious of the notable $50 resistance level just above the current price, which might hinder the upward trend. If the price surpasses this crucial mark, there is potential for a significant upward trend aiming for the all-time high of $64.05, a level not seen since February 2021.
NYSE:UBERLong
by Sublime_Trading
Tesla Up 34% This Month!Tesla, under Elon Musk's leadership, is spearheading an automotive revolution with its focus on vehicle autonomy, which significantly influences its market value. Even though full self-driving capability hasn't been achieved yet, this prospect alone has powered Tesla's value, contributing to a remarkable 130% increase in its stock this year, with a notable 34% surge in June alone. Though the company's stock is yet to surpass its all-time high of $414 from November 2021, its current trajectory points towards this possibility, provided it can overcome challenges such as the significant $300 resistance level. Tesla's commitment to innovation and sustainability, along with the potential for future breakthroughs, has boosted its stock performance. While full autonomy remains uncertain, Tesla's current course holds promise for investors as it pushes toward new highs, reinforcing the view of an electric and autonomous future for the automotive industry. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:TSLALong
by Sublime_Trading