Author: PDeXTrading

WEDNESDAY, APRIL 14th Markets Overview

As traders brace for the Q1 earnings onslaught, US stock markets were relatively quiet again on Tuesday. Markets are being led higher by the analyst’s sentiment and rising expectations for Q1 results. As a result of its increase of 0.6%, the S&P 500 reached a new all-time high. There is a risk that the extremely high valuation of the S&P 500 could lead to a sell-the-news response to earnings for Q1 2014.

Today’s trading could take an entirely different tone. Several big banks will be reporting earnings this week, including J.P. Morgan, Goldman Sachs, and Wells Fargo. The Beige Book will also be watched closely by the market for any signs of inflation rising, and there are sure to be some.
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A new high record for the S&P 500; Nasdaq rallies; Dow declines.

A new high record for the S&P 500; Nasdaq rallies; Dow declines.
Dow Jones and broader U.S. stock markets ended mostly higher Tuesday, with the S&P500 Index rising to record levels.

The Dow Jones Industrial Average (DIA) fell 65.96 points at the close to 33,679.44, as the major indices on Wall Street fell mixed at the close.

Several of the 11 primary sectors rallied, with consumer discretionary companies and utilities posting at least a 0.9% gain. Sectors including information technology, consumer goods, and telecommunications all posted gains.

While the Nasdaq Composite Index rose 1.1% to settle at 13,996.10, it is focused on technology.

VXX, the CBOE’s measure of implied volatility, emerged slightly higher on Monday. An intraday low of 16.43 was reached on the scale of 1-100, with 20 representing the historical mean. Ultimately, it closed down 1.7% at 16.63.

In commodities, oil prices rose on Tuesday, with U.S. West Texas Intermediate futures gaining 71 cents, or 1.2%, to $60.41 a barrel on the New York Mercantile Exchange. Brent, the international futures contract, rose 63 cents or 1% to $63.91 a barrel.

Gold prices rallied on Tuesday, as the June contract gained $12.80, or 0.7%, to $1,744.62 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures rose 53 cents, or 2.1%, to $25.40 a troy ounce.

Ending Point: U.S. equity markets are rallying on unprecedented fiscal and monetary support. Expectations for a broad economic rebound are also supporting equity valuations.

Grab uncovering $40 bln agreement in record SPAC consolidation

South-East Asia’s largest ride-hailing and food delivery firm Grab Holdings, declared it intends to merge with US-based Altimeter Growth Capital in a venture that would appraise it at nearly 40 billion dollars in anticipation of an IPO in the US.

Grab’s contract to list via a special purpose acquisition company (SPAC) – a shell company intending to raise capital by an IPO to procure another company – has attracted four billion dollars (£2.9 billion) in private investment in public assets from an association of investors including Fidelity International and Singapore’s Temasek Holdings.

Southeast Asia’s largest Grab Holdings is set to declare this week a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing.

S&P 500 index restrained after solid inflation data

US government debt prices decline ahead of fundamental inflation data release.
The S&P 500 opened steady on Tuesday as data presented consumer prices raised by the most in more than 8-1/2 years in March, while Johnson & Johnson dropped as the Second coronavirus vaccine rollout of Johnson & Johnson jab paused over blood clots concern.

The S&P 500 opened higher by 2.11 points, or 0.05%, at 4,130.10, while the Nasdaq Composite achieved 52.45 points, or 0.38%, to 13,902.45 the opening bell.

The Dow Jones Industrial Average dropped 24.24 points, or 0.07%, at the open to 33,721.16.

SATURDAY, APRIL 3rd Markets Review

SATURDAY, APRIL 3rd

Stocks move higher again on Thursday, backed by President Biden’s $2 trillion infrastructure spending plan. However, the plan has already received harsh criticism from both sides of the Washington fence, making its passage unlikely. Despite the S&P 500 rising more than 1.0% at its highest point of the day, the real action came in tech. The tech-heavy NASDAQ Composite, which has been lagging the market in recent months, advanced more than 1.5% to set a new three-week high.

Investors will take a look at the economic data next week since the National Employment Statistics report is expected to show US economy has created 700,000 new jobs in March. Subsequent week earnings will come back in focus with the first reports of the Q1 season. The analysts have been raising their targets, so expectations are high.

THURSDAY, APRIL 1st

Following the release of President Biden’s infrastructure spending plan, the equity markets extended recent gains and reached new all-time highs on Wednesday. A bill worth upwards of $2 trillion includes a tax increase that Wall Street expected to fund the plan within 15 years despite the idea of higher taxes. Despite the higher taxes, the news could turn into a news event that is easy to sell.

Other news includes solid economic data, which points toward a robust Nonfarm Payrolls report on Friday. ADP’s Employment report released on Wednesday shows that the number of new jobs increased by over 500,000 in March and was matched by a similar reading on Chicago PMI, which rose 7 points to surpass consensus estimates by 6 points and surge to its highest level since 2017.

WEDNESDAY, MARCH 31st Markets Review

A rising 10-year Treasury note yield now signals both an improvement in the economy and tightening Fed’s policy. Traders struggled to assess the conflicting signals arising from rising interest rates as the stock market pulled back from recent highs. Following the fact fundamentals have changed, investors are dumping their rate-averse growth stocks favouring higher-yielding blue-chip stocks and dividend-growth companies.

Data from Tuesday, including a look at consumer confidence:
It increased by 19 points in the most recent survey, 13 points more than expected, pointing to a strong spring season. On the other hand, investors are eagerly awaiting details regarding a multi-trillion dollar infrastructure plan that is sure to be accompanied by tax increases.

The Dow Jones Industrial Average closed at an all-time high on Friday.

The Dow Jones Industrial Average reached all-time highs on Friday.

As investors rallied behind a successful economic reopening amid Covid-19, the Dow and the broader U.S. stock market ended the week on a positive note.

Among Wall Street’s major averages, the Dow Jones Industrial Average climbed 1.4% while the S&P 500 Index advanced 1.7%. The Nasdaq Composite increased 1.2%.

The Dow increased 1.2% for the week, the S&P 500 rose 1.6%, and the Nasdaq ended 0.6% lower.

On Friday, the CBOE VIX Volatility Index, commonly known as the VIX, declined 4.8% to settle at 18.86 on a scale of 1-100, where 20 represents the historical average. For the week, the “fear index” declined 10%.

As of Friday, 100 million doses of Covid-19 vaccinations used, and President Biden set a new target of 200 million doses within the first 100 days in his presidency.

According to economic data, building permits fell 3.8% last month, with construction permits declining by 3.4%. Orders for durable goods declined 1.1%. Nondefense Capital Goods Orders excluding aircraft declined 0.8%.

Additionally, initial jobless claims dropped to 684,400 from 727,000 last week.

The three most promising dating app stocks for investors

I enjoy the fact that Valentine’s Day is fast approaching, so investors might want to take a moment to reflect on how technology has advanced over the past few years and how that can help the dating services market, in general, in the future. Revenue from the dating services market will reach $7.7 billion in 2021 and keep growing at an annual rate of 8.6% annually by 2024. Naturally, several companies will benefit from this growth, which could present great long-term investing opportunities.

Technology like artificial intelligence and machine learning can continue to advance dating applications in the future. There are many compelling reasons to invest in dating app stocks at this time, which is why we have decided to put together a list of 3 dating app stocks investors can get excited about right now.

Bumble (NASDAQ: BMBL)
The newest dating app stock on which investors should keep an eye is Bumble. The company went public earlier this week, rallying over 63% on its first day of trading. Bumble’s dating app will empower women to initiate contact with their matches. The Bumble product portfolio is rounded out by friendship and networking applications, and the dating app gives the company a wide range of growth opportunities.

Experts estimate that Bumble will have 12 million active monthly users in September 2020, including an average of 2.4 million paying users. In 2020, Bumble generated $416.6 million, which represents a considerable increase year-over-year. Investors should probably hold off for a few weeks before buying shares since the company doesn’t have much of price history, but on the plus side, it’s a dating app stock that’s worth holding.

Match Group (NASDAQ: MTCH)
the number 1 downloaded dating app on the web, look no further than Match Group. The Tinder app was growing at an astounding pace in FY 2020 and delivered $1.4 billion in revenue, representing a year-over-year increase of 18%. In addition to Tinder, Match Group has its dating app network with such well-known platforms as Match, OkCupid, and PlentyOfFish. Match Group owns and operates dating apps in over 40 countries worldwide.

In Q4 2018, total revenue was up 19%, and adjusted EBITDA grew 15% to $897 million. If you want to invest, make sure you check out Match Group stock.

Momo (NASDAQ: MOMO)
Besides, Momo is an excellent option since it’s one of China’s most popular dating apps. The company operates a mobile social entertainment platform called Momo that is mainly used for dating and owns Tantan, a dating app geared toward younger users. Both of the apps rank among the most widely used in China.

Momo stock sold off hard during the onset of the pandemic and hasn’t quite recovered yet, meaning that it offers decent upside at this time. However, the company recently reported a year-over-year decrease in Q3 net revenues of 15.4% to $554.8 million. Monthly active users are also on the decline, and the company’s management expects another drop in Q4 net income due to the pandemic’s impacts. With that said, the stock is up 46% year-to-date and seems to be getting back in favour with investors. Consider this Chinese dating app stock a high-risk option with upside.