The Future of Meta
Find out if owning a Meta stock this year is a good idea
Best Christmas Stocks
Information is not investment advice
It is said that the 2022 holiday season will be different from the previous one. Most shops, restaurants, and entertainment places will remain open. Besides, online capabilities have improved significantly as companies have adapted to extended lockdowns. As a result, customers have a wide variety of things to do and places to go during this Christmas break. Which industries will benefit from a high-spending season? E-commerce, retail, hospitality, and tourism.
Amazon: Best of the Best
Amazon is the top stock in the e-commerce and retail sector. By the way, Amazon showed record revenue for the post-Thanksgiving sales period as it offered the lowest prices. Thus, we can expect that the Christmas holidays will be successful for Amazon. Besides, this company is engaged in cloud computing, digital streaming, and artificial intelligence. Moreover, Amazon is at the local lows currently. This makes this stock an attractive purchase before the holidays!
The stock of Amazon is in the lower part of the ascending channel. The nearest support level is $3350 (the 50-week moving average). In combination with the lower trend line, this support should constrain the stock from further falling. Thus, the stock is likely to reverse up soon. If it breaks above the $3500 psychological mark, Amazon will rally to the November peak of $3700!
Coca-Cola: New Year Atmosphere
Almost everybody associates New Year with Coca-Cola. But will the stock of Coca-Cola grow in 2022? Let's find out!
First, Coca-Cola revealed impressive third-quarter earnings results, which exceeded analysts' expectations. The beverage giant showed $10.04 billion in net revenue, representing a 16.1% growth rate against the year-ago period. Besides, Coca-Cola's consolidated unit volumes outrun the pre-pandemic levels! It has proved that the company has fully recovered from the negative impact of the pandemic. Moreover, Coca-Cola has a bright future of growth due to its reputation as a Dividend King with 59 consecutive years of payout increases.
Coca-Cola is just under $60 – the peak of 2020. When the stock exceeds this resistance level, the doors will be open to the following round number of $65.00 and then $70.00. Support levels are at the 50- and 100-week moving averages at $54.00 and $52.00.
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Kseniya Medik
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