AMC spiked more than 100% on Wednesday, the struggling brick-and-mortar retailer Bed Bath & Beyond jumped by about 51%.
Most promising stocks in June 2021
Information is not investment advice
Growth stocks are back on track. If the values stocks were in favor during the first quarter as US Treasury yields rose, now growth stocks have come forward as yields pulled back.
This stock is engaged in top market trends: e-commerce, streaming, cloud computing, and even artificial intelligence. Almost every investor has a bullish forecast on Amazon. It’s really hard to find any negative predictions about this company as there are no reasons for this company to fall. Actually, yesterday it skyrocketed to a one-month high!
Good news is coming and coming from Tesla. First, the company reported that the electric vehicle’s delivery numbers in China bounced back in May after poor numbers in April. It encouraged investors. Second, Elon Musk has just presented its fastest car: Model S Plaid. It goes from 0 to 60 mph (96.65 km/h) in under 2 seconds! This news has added tailwinds to Tesla.
Apple is catching up! The company may soon become a serious competitor to Tesla as it has started working on Apple’s car project. Besides, it has recently hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars. Since all Apple’s products have perfect quality, their car is going to be revolutionary.
MasterCard (MA), Visa (V)
Both MasterCard and Visa generate revenue by charging some financial institutions a fee, which is based on gross dollar volume of activity. The Covid-19 pandemic is coming to an end, that’s why consumer spending will rise and rise and more money will be in circulation! Therefore, MasterCard and Visa will gain from that.
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Walmart, the giant retail shop in the USA, has published better-than-expected earnings results for the first quarter of 2021.
Have you seen the film “Big Short”? The investor from the film sold the largest number of Tesla shares he has ever sold: 800,100, that worth $534 million.
The US stock market rebounds as the prospect of very gradual policy tightening calms down investors. rude oil and gold jumped as the US dollar weakened.
Optimistic forecasts on oil prices, nuclear talks with Iran, and upcoming OPEC+ meeting. How to trade oil these days?
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT.