Pfizer’s profits double yet shares down 2.8%
Pfizer’s profits double yet shares down 2.8% Pharmaceutical giant Pfizer (PFE) has generated billions from its vaccine roll out yet on February 8 delivered an earnings report with mixed results Pfizer said on Tuesday it expects 2022 sales of its COVID-19 vaccine and antiviral pill to hit $54billion but failed to meet Wall Street estimates […]
Netflix and Facebook crash – will these popular stocks recover?
Netflix and Facebook crash – will these popular stocks recover? The start of 2022 has been disastrous for tech stocks as some of the biggest companies in the world suffered devastating losses. Two companies that suffered stock crashes were streaming giant Netflix and social media titan Facebook. From 2020 to 2021 these companies saw […]
Bitcoin breaches $45000: Crypto king gains for 5 straight days
Bitcoin breaches $45,000: Crypto king gains for 5 straight days Bitcoin, the king of cryptocurrencies, breached beyond $45 000 on February 8, marking its fifth consecutive rally. Bitcoin gained more than $2000 (7%) in 24hrs before facing resistance at $45,488 and shifting back down to $44,912.46 at the time of writing. The entire cryptocurrency market is experiencing […]
Market winners: Netflix, Ethereum, MANA, and more!
Market winners: Netflix, Ethereum, MANA, and more! Metaverse crashes, Netflix gets a boost, and crypto rallies… The start of February 2022 has been an interesting week for traders. Metaverse delivered a disastrous quarterly report, losing billions and plummeting its stock. This however did not stop traders from buying the dip and the stock dropped by […]
Meta Platforms drops 26%, loses $230bn: Is it worth buying the dip?
Meta Platforms drops 26%, loses $230bn: Is it worth buying the dip? Meta Platforms, Facebook parent company, suffered a disastrous week in the markets, dropping 20% in value and losing billions. The shocking crash of Meta follows the disastrous trend in the financial market which has seen a decline in the tech sector and […]
Bitcoin, Stocks rebound: How to deal with market uncertainty
Bitcoin, Stocks rebound: How to deal with market uncertainty The start of 2022 has seen incredible volatility as the tech-heavy Nasdaq narrowly avoided its worst start to a year yet. Similarly, the S&P 500 recorded its weakest January market performance since 2009. The already volatile cryptocurrency market also saw a huge decline throughout January 2022. […]
From UFC to the big screen – Dricus du Plessis to become a movie star!
From UFC to the big screen – Dricus du Plessis to become a movie star! Online trading is a lot like fighting in an arena – you must train, you have to be disciplined, and be able to bounce back when you are knocked down. For these reasons and more CMTrading, SA’s largest online broker, […]
Market winners: Tesla, Zynga, cotton, and more!
Market winners: Tesla, Zynga, cotton, and more! Tesla stock rises then plummets, Zynga gets bought out and supply woes continue to push Cotton futures… there has been a lot of market movement in January 2022. It has been a poor start to the year for most markets; cryptocurrency saw a huge drop and similarly, […]
Huge oil price rally – could it reach $100 a barrel?
Huge oil price rally – could it reach $100 a barrel? The start of 2022 hasn’t been great for the stock market and has been particularly devastating for cryptocurrency traders. Yet, one area of brightness amid the doom and gloom is oil, which has reached its highest levels since 2014. Today, we examine the oil […]
Stock market crash – What you should do when markets panic
Stock market crash – What you should do when markets panic The start of 2021 saw big gains in the stock market, especially in the equity and tech sectors. The start of 2022 however is proving to be bleak for traders. On January 24, the S&P 500 and the Nasdaq both finished their worst week […]