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Ryan Hall

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  1. Hi, I would like to know about the 3-day rule when trading in stocks.
  2. Ryan Hall

    Roku

    Hi Anna, thanks for coming here. Roku’s shares (NASDAQ: ROKU) climbed 8.6% on Monday. The stock rose higher thanks to Daniel Kurnos, a benchmark analyst who increased his 12-month price target for Roku’s stock and reiterated his buy rating. Kurnos increased the price target for the entertainment company’s stock from $153 to $180, saying Roku will likely outperform in the advertising business and its earnings before interest, taxes, depreciation, and amortization if the economy recuperates from the current crisis. The investors will get a clearer idea of Roku’s ad business’ performance once the company reports Q2 results, which are expected in early August.
  3. Ryan Hall

    Home Depot

    Hello Predrag, Home Depot stock held up quite well this year in spite of coronavirus pandemic. Net sales for Q1 climbed by 7.1% in the period between February 3 and May 3. This shows that the pandemic affected roughly half of the quarter. As a result, investors were buying the stock sending its shares up nearly 15% in the first half of 2020, outperforming S&P 500 and Lowe's. However, market analysts estimated the company’s earnings to drop around 1.6% this year. On the other hand, the declining profits have sent the company’s P/E ratio to 25. Still, analysts expect a better next year for Home Depot, estimating 10.6% profit growth which would help recover the majority of this year’s losses. Home Depot currently has around $8.7 billion in cash. Given that the company’s remaining cash flow stayed positive, investors should expect the stock to stay stable.
  4. Ryan Hall

    EOS

    Hi Marko, Price of EOS has reverted lower to test the broken descending trend line once again. In the meantime, open-source software publisher Block.one finally rolled out social media platform Voice, which has been built on EOSIO blockchain protocol. EOS/USD has fallen below $2.60 to touch the broken descending trend line again as the bulls try to bring new EOS investors. EOS climbed to $2.73 last week and hit a new monthly high. The descending trend line served as a 2-month resistance for the bulls. Retesting it might help attract new EOS investors and break below the trend line would represent a significant development. EOS price declined more than 3% this week and it seems like the cryptocurrency can’t fully recover since it declined 11% in June.
  5. Hello Benjamin, The top 3 market indicators used to gauge volatility are the CBOE Volatility Index (VIX), the Average True range (ATR), and Bollinger Bands. VIX is an indicator that tracks volatility that’s priced in a strip of S&P 500 Index options. ATR refers to a chart indicator that showcases the daily trading range of a stock or a commodity, where high readings indicate high volatility. Bollinger Bands is another technical analysis tool that can track volatility, particularly helpful in times of quiet and explosive trading.
  6. Hi Jessica, The most popular and the most traded currency pair on the market is EUR/USD, which according to the reports, covered 24.0% of daily forex trades in 2019. It’s no surprise this is the most popular pair as it represents two of the largest economies in the world: the European single market and the US. The second-most traded currency pair is the USD/JPY, which is represented by the US dollar and the Japanese yen. In 2019, this forex pair accounted for 13.2% of all daily forex transactions in 2019. GBP/USD is another forex pair that’s very popular, represented by the pound sterling and the US dollar. The pair is also known as as ‘cable’, referring to deep-sea cables that used to deliver the bid and ask quotes between the UK and the US. Last year, this pair covered 9.6% of all daily forex transactions.
  7. Hello James, Shares of AMC Entertainment Holdings Inc. (NYSE: AMC) jumped almost 14% in after-hours trading on July 7 after the Wall Street Journal published a report saying that the world’s largest movie theater chain is close to making a restructuring deal that would prevent the company from bankrupting in the short run. According to the reports, AMC rejected a financing offer from lenders such as Apollo Global Management to accept $200 million from Silver Lake Group to help realize the restructuring process, plus $200 million in financing from junior bondholders. AMC took a huge blow after it had to shut down 1,000 theatres globally due to the coronavirus pandemic. The company scheduled the reopening of theatres for July 30 and said it expects a Q1 net loss of $2.4 billion.
  8. Ryan Hall

    CAD

    Hello Jon, thanks for asking the question. When it comes to its recent developments, the Canadian Dollar didn’t change much against USD, recuperating from a recent 10-day low thanks to higher oil and stock prices, as well as a record job increase. The country’s economy got boosted by 952,900 new jobs in June, most of which are in the service industry, as companies restarted their operations after the coronavirus lockdown. This figure surpassed the economists’ expectations of 700,000 jobs.
  9. Ryan Hall

    Libra

    Hi Fernando, While the first version of Libra expected to launch this year, some people think that will not happen. Barry Eichengreen, an American economist, and professor at UC Berkley said that Facebook-powered stablecoin is facing too many “insoluble” challenges, and a lot of resistance from authorities to ever emerge. “Libra is an interesting idea that will never see the light of day,” Eichengreen stated at the Unitize conference on Friday. He added that the stablecoin sector is very ignorant of monetary economics and history. Expressing his opinion on stablecoins, Eichengreen said: “Stablecoins are either fragile — they are prone to attack and collapse if they are only partially backed or collateralized with actual dollars or dollar bank balances, or they are prohibitively expensive to scale-up if they are, in fact, fully or over-collateralized.”
  10. Ryan Hall

    Uber

    Hello Michael, thanks for asking the question. Shares of Uber (NYSE: UBER) advanced 6% in Monday trading. The ride-hailing company said its $2.65 billion takeover deal for Postmates Inc. will make the company one of the strongest competitors in restaurant and grocery delivery services. With the acquisition, Uber will extend its range of items delivered to consumers’ homes. The deal would also make Uber the second-largest restaurant delivery service in the United States by market share, after DoorDash Inc., according to research company Edison Trends.
  11. Hey Benjamin, Lagging indicators are indicators used to analyze the market, utilizing an average of previous price action data. They’re called the “lagging indicators” because they lag the market. This implies that traders can see the move happen before the indicator confirms it. As a result, the trader can incur losses at the start of the move. A leading indicator, on the other hand, is an indicator that estimates future price movements based on current price data. Because this indicator lets traders forecast future price movements, traders can place trades at the start of the move. One of its main disadvantages is that traders forecast future movements before they actually happen, so if the price moves in the opposite direction, the trader will lose money.
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