Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
3 stocks that did not back down to the virus
Information is not investment advice
Walmart: standing tall
While a number of stocks lost up to 50% of their value because of the coronavirus, Walmart, although going through obvious turbulence, did significantly better than 99% of its peers. Ironically enough, its performance in 2020 is +1%. Under normal market conditions, it would hardly be a reason to brag. But when the market gets decimated sector by sector, this one-percent-strong performance is like the only whole stone left from a destroyed tower.
Amazon: with a straight face
The same can be said about Amazon. In fact, there is no visual sign of a problem with this stock. Yes, there was a sharp rise to $2,190, then a fall to $1,690, some would say “that’s a 22% drop!”. True, but the drop taken alone brings little constructive information. You have to look strategic: the stock was at $1915 at the beginning of 2020. Since then, it made its rise and fall, but now it is almost exactly there. Trading at $1,878, it is only a few dozens of dollars away from $1,915. In view of the enormous almost two-thousand-dollar value of this stock, this $37 gap may be well forgiven.
Netflix: not bad
Netflix entered January 2020 at $322 per share. Currently, it trades at $332. Although it suffered a plunge to $295 from its recent top at $390 – “almost a 100$ drop for a previously-400-dollar stock”, one can say – still, we look at the results. The virus is still around, some stocks are still down, but Netflix is $10 higher than where it was before the virus-caused crisis. Well done and keep the mark.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.