Credit Suisse is trying to lure investments from wealthy clients in Asia by offering higher deposit rates than its competitors, Reuters has reported citing people familiar with the development.
Sources said the offers are valid until the end of this quarter and only apply to new cash deposits, not to existing portfolios.
The Swiss National Bank and Finma, the top financial regulator in Switzerland, said Credit Suisse “meets the higher capital and liquidity requirements applicable to systemically important banks.”
The regulators didn’t provide details of what type of liquidity they would offer, but said they are in very close contact with the bank.
“If regulators do not handle the Credit Suisse situation well, this will send shock waves through the whole sector,” said Joost Beaumont, head of bank research at Dutch lender ABN Amro.
Credit Suisse has been the problem child of European banking for several years.
Repeated scandals and financial losses have hammered the 166-year-old bank, which combines a wealth-management business catering to the world’s elite rich with a Wall Street investment bank.
The bank is classified as a “systemically important financial institution” under international banking rules created after the collapse of Lehman Brothers.
Such designations require the bank to hold higher amounts of capital and to maintain plans for an orderly unwinding of its operations in case it gets into trouble.
Like Silicon Valley Bank, Credit Suisse has suffered large deposit outflows in recent quarters.
Some local units briefly breached regulatory liquidity coverage ratios last fall.
That means they weren’t holding enough easy-to-sell assets, such as bonds, to safely cover customer withdrawals.
Top 4 Wall Street Banks See Big Losses
Wall Street’s 4 top banks just had $55 billion wiped off their market value in a single day.
Four of America’s biggest banks lost a combined $55 billion of market value in a single day as financial stocks plunged.
US bank shares took a beating amid fears of contagion effects from the turmoil at Silicon Valley Bank and Silvergate.
JPMorgan Chase,Bank of America, Wells Fargo and Morgan Stanley – the four most valued US lenders – saw $55 billion wiped off their combined market capitalization last Thursday, Refinitiv data show.
JPMorgan, the biggest US bank, alone saw a $22 billion tumble in its market value as its stock slid 5.41% to $130.34.
Wall Street’s Bank of America lost $16.16 billion as its share price fell 6.20% to $30.54.
Wells Fargo and Morgan Stanley saw their market capitalization drop by $10.3 billion and $6.2 billion, respectively.
Among other major US banks, Goldman Sachs and Citi also witnessed significant declines in their share prices.
Credit Suisse Warned Investors of Potential Losses in Q4 of 2022
Market News Daily: Credit Suisse Bank News Today.
The SEC released Credit Suisse’s 6-K filing where the bank warns investors of potential losses due to naked short covering, more on that below.
Credit Suisse (CS) took a massive hit of $4.09 billion in Q3 and hinted at occurring losses in an upturn in markets — something we saw at the start of 2023.
The bank proceeded to hire 20 banks for a $4 billion injection in effort to pivot from Q3’s disaster.
In a statement, the bank says, “Conversely, to the extent that we have sold assets that we do not own, or have net short positions, in any of those markets, an upturn in those markets could expose us to potentially significant losses as we attempt to cover our net short positions by acquiring assets in a rising market.“
“Market fluctuations, downturns and volatility can adversely affect the fair value of our positions and our results of operations.
Adverse market or economic conditions or trends have caused, and in the future may cause, a significant decline in our net revenues and profitability.”
The closing of naked shorts this year would send affected securities soaring as buying momentum compounds.
Credit Suisse recently postponed publication of its annual report after a last-minute call from the United States Securities and Exchange Commission (SEC), which raised questions about its earlier financial statements.
The unusual intervention by the U.S regulator is the latest blow to Credit Suisse as it attempts to rebuild investor confidence after a series of scandals and setbacks that have sent its shares plunging and led clients to withdraw billions, per Reuters.
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Market News Daily: Credit Suisse Bank News Today.
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How to invest in the stock market step by step for beginners
There comes a point when you realize that in order to build wealth it will require you to build multiple streams of income. The average millionaire has seven. The stock market is one way you can invest your earned income in order to start earning passive income and multiply your money. Here’s how to invest in the stock market step by step for beginners.
Welcome to Franknez.com – the blog where you can digest content on personal finance, entrepreneurship, market news, and trending investing topics.
Lets get started!
I’ve been investing in the stock market since 2019.
When I learned how to open a brokerage account and buy company stock, I knew I had to show people how to do it too.
Everything I found online was outdated so I wanted to make it easy for people to start.
Benefits of investing in the stock market
One of the greatest benefits of investing in the stock market is that you get to hedge against inflation.
Inflation is at an all-time high right now and simply letting your money lose its value isn’t going to create wealth.
The stock market also provides an average return of 7%-8% annually which means those CDs and high yielding savings accounts are a thing of the past.
Even so, you can always create a portfolio bringing in 20%+ annual returns!
In June of 2021, AMC shareholders saw a whopping 3000% return on their investment at its high.
GameStop shareholders saw about half!
Although these trades are much different anomalies then traditional long-term investing, it paints a picture of the power of the market.
Let’s get you started!
#1. Set a Budget When Planning to Invest
Before you begin to invest you will need to set a budget on your first investment(s).
The great thing about the stock market is that you can invest with as little as $50 or so depending on the cost of a share.
A share is a fraction of a company you can own and earn money from as the company grows and profits over a period of time.
Example
If you set a budget of $200 and the share of a company you want to invest in costs $50 then you can purchase (4) four shares of said company.
If a month later the shares you purchased are worth $60 each then your shares would now be worth $240, resulting in a $40 gain.
This is how investing in the stock market works.
Note: I highly recommend having your emergency fund built prior to proceeding with investing in the stock market.
It is important to highlight that the money you invest in the stock market will need to be money you can tolerate losing.
The stock market is volatile meaning the value of your assets is constantly going up and down.
Something to keep in mind is that the value of your investments can go down just as fast if not faster than they went up.
Now, this is not addressed to scare you. The stock on average has an annual return of 6-8% per year.
Why should you invest in stocks?
Investing in stocks is a great way to diversify your portfolio.
You don’t want to keep all your eggs in one basket.
For this reason, the wealthy invest in companies they believe have long-term potential to thrive and to multiply their investment.
#2. Know What to Invest In
Now that you’ve set a budget you’ll need to know what you want to invest in.
Once you do, find the stock market symbol of the company on Google search engine.
If you wanted to invest in Coca-Cola for example, you’d search ‘stock market symbol for Coca-Cola’ on Google.
You’ll see that the NYSE (New York Stock Exchange) symbol for Coca-Cola is KO.
This is how you will identify and search for companies to invest in when you’re in the market to buy stocks.
Here are some different type of investments you can invest in within the NYSE.
Stocks
How to invest in stocks for beginners
A stock is a share of a company just like Coca-Cola.
Buying a share from one specific company is a stock.
Stocks are good to purchase if you strongly believe in the continued success of your choice of company.
Invest in companies that have room to grow and are constantly innovating.
Stocks I personally favor are Tesla, Apple, and Amazon.
These tech companies are always innovating therefore I have strong conviction towards their continued growth and success.
Index Funds
How to invest in the stock market
An index fund is a fund that tracks and follows the index (growth) of a group of companies.
When you own a share of an index fund, you own a percentage of a pool of companies oppose to just one company.
What makes an index fund great is that if a company within an index fund isn’t performing very well there are other companies that may balance the overall performance of the fund resulting in a fair return.
A popular choice is the S&P500.
This index fund tracks the performance of the top 500 companies in the United States.
This type of investment tends to be a less risky and yield great profits over the long run.
It’s an investors favorite and I personally hold shares in the S&P500.
A REIT (Real Estate Investment Trust Fund) is very similar to an index fund.
The only exception is that it invests exclusively in real estate companies oppose to other businesses.
If you want to invest in real estate without the hassle of learning the game, using cash up front, or getting into debt, REITs are a great way to diversify your portfolio into the real estate sector.
A great REIT I’m invested in is VNQ with Vanguard.
Which investment is right for you?
Each of these investments has their own benefits.
My suggestion is to research them individually as all of our needs are very unique.
As your skills develop as a retail investor, you’ll find yourself having a diversified portfolio consisting of all three.
Invest in the stock market and learn to identify which investment is best for you.
Price is what you pay. Value is what you get.
Warren buffett
#3. Choose a Brokerage Firm to Begin Investing in The Stock Market
This is the fun part.
Choose a reputable online brokerage firm.
A brokerage firm is a platform where you will be doing all of your investing through the NYSE.
Here you’ll be able to purchase stocks and sell them.
Each brokerage firm has their own customer advantages but are very similar to use.
Here is a list of brokerage firms you can open an account with and sign up for free.
Check out each brokerage firm’s website and see which feels more comfortable for you to navigate.
Do some research on each of them to see which has the strongest potential for your needs. I personally use Vanguard.
How to invest in the stock market for beginners
Note: When you purchase investments, there are small commission fees your investments will pay out to the firm.
They are very small in most cases and don’t hinder your earnings like you’d think. Vanguard has the lowest fees.
Each brokerage firm will have different commission fees and the percentage will vary in each firm.
For example: Coke (KO) will have a slightly different commission fee in every firm despite having the same share cost.
#4. Open your account
For this step-by-step on how to invest in the stock market I’m going to use Vanguard.
Vanguard is one of the most reliable brokerage accounts you can use.
How to invest in stocks for beginners
Head over to Vanguard and select ‘Open an account’.
How to invest in stocks with Vanguard
Select ‘Start your new account’ to get started.
Choose the method you will be funding your new account. You can choose between:
Electronic bank transfer or another Vanguard account
Rollover from an employer plan (e.g., 401(k) plan)
Transfer investments from another financial firm
Most new retail investors will be choosing the first option, using an electronic bank transfer to fund your account.
Before you open your account to begin investing in the stock market you’ll need your bank account and routing number as well as other personal information.
Once you’re in it’s time to transfer funds into your account.
#5. Transfer Funds into Your Brokerage Account
Congratulations! Now that you’ve chosen a brokerage account to invest with, you’ll have the tools at your disposal to begin investing.
Navigate throughout your brokerage website. Get comfortable with where things are.
Things might seem very new at first, intimidating even.
Don’t worry, now that you’ve begun something new, you’ll begin to take the first steps toward self-education.
First, you’ll want to learn how to transfer funds into your brokerage account.
I will be demonstrating step by step how to do this using Vanguard.
Toggle the settings to connect your bank account with your brokerage account so you can start to invest in the stock market.
This direct line will allow you to transfer funds into your account so you may begin to purchase shares.
Once you have this set up you may transfer the money from your budget to invest in.
#6. Make Your Very First Investment in The Stock Market
Now that you’ve transferred your funds over to your brokerage account, navigate through the site to make your very first purchase.
Search the symbol of the stock, index, or REIT you will be investing in.
Note: Before purchasing, make sure you thoroughly navigate the website to get comfortable using it.
This will make the purchase experience a lot easier.
Once you pull up the investment, go through the details provided on the page.
You should be able to see its history, it’s projected return, its risk level, and so much more information about the investment.
Purchase the investment!
Purchase the investment with the option set to ‘Market’.
This option will allow you to purchase the investment instantly at the price it’s worth.
We suggest doing a test purchase since this is your first time investing in the stock market.
This will help you get a feel for it. Purchase one share so you understand the process.
It will serve as good practice and experience.
Congrats on buying your first share!
Follow up on your investment the following day and see whether your investment had gains or losses.
You’ll see for the very first time how your investment grew in value or decreased in value.
You now have a taste of what it’s like to invest in the stock market.
I have personally invested in stocks since 2019 and have learned a lot about the stock market.
In fact, I’m still learning today.
I published an article on the best tips and advice for beginners investing in stocks to further help you on your journey.
Stock investing is all about strategy.
When you make money in the stock market you may let it sit and accumulate over time, or you may cash in your profits and allocate those gains towards other opportunities.
This is why I believe investing in stocks is extremely important to someone who wants to build wealth.
The stock market allows you to multiply your hard-earned money so you may further invest it in other assets.
If you received value from this post please be sure to share it with someone who’s working towards becoming financially independent and who is also building their financial future.
My mission is to help people all around the world attain financial stability in order to live their best lives possible.
Market News Today – Regulators Strengthen Punishment for Naked Short Selling.
(BK) The Securities and Futures Commission of the Financial Services Commission imposed a pecuniary penalty of 6.05 billion won (US$4.58 million) on two securities companies that committed naked short selling.
The Financial Investment Services and Capital Markets Act of South Korea was revised in April 2021 so that illegal short sellers will face pecuniary penalties instead of fines.
The two companies have become the first such case.
Today, naked short selling is illegal in South Korea, unlike covered short selling.
Investors in the United States have raised naked short selling concerns on social media, urging the Securities and Exchange Commission to model the practice of nations such as South Korea.
Previously, illegal short selling in the South Korean stock market was detected infrequently and violators could go almost unpunished.
This is because the maximum fine according to the act before the revision was 100 million won (US$75,694).
According to the amended act, the maximum pecuniary penalty is equal to the amount of illegal short selling.
In addition, violation may lead to at least one year in prison or a fine equivalent to 300 to 500 percent of the illegal profit or avoided loss.
This model is raising attention in the United States as the predatorial practice has dominated the industry for decades.
Naked Short Selling in America
Market News Today – Regulators Strengthen Punishment for Naked Short Selling.
Today, naked short selling in the American markets is given a blind eye.
Retail investors believe U.S. regulators to be complicit in the market injustices that occur on a daily basis.
(Singapore) Genius Group (NYSEAMERICAN:GNS) CEO Roger Hamilton has led CEOs to take legal action against naked short selling in the market.
He recently shared a petition on social media to end naked short selling in efforts to raise awareness of the illegal short selling strategy.
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist, per Investopedia.
The predatorial practice allows short sellers to short a stock without there actually being any stock available to short.
Roger Hamilton says he noticed something was wrong in his company stock after shares would plummet despite his company having strong fundamentals and funding.
This is when he began to speak publicly about what was happening to his company.
Another public figure who has spoken out against naked short selling is Jon Stewart.
Regulators have always had the power to stop the manipulation happening in our stock market but have created rules that cater primarily to hedge funds.
“The Game is Rigged” Says Ex-Citadel Data Scientist
Patrick McConlogue, an ex-Citadel Data Scientist said during the ‘meme stock’ frenzy that the stock market is rigged, claiming he helped design it.
“The game is not fair and it never has been. Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game.”
The dilemma here is that institutions are able to get away with the ‘capitalism’ card every time an issue is brought to their attention.
SEC Chairman Gensler has said that the SEC cannot completely interfere with the industry due to a company’s capitalistic rights in America.
Which makes sense through a capitalistic view, however, there should be tougher laws in certain sectors and industries, especially those that have the power to create massive economic downturns.
Regulators in other countries have strengthened the punishment for naked short selling for a reason — the manipulation creates systemic risk.
The question is, how many times will the U.S have to see the collapse of markets and our economy to understand this?
Other countries have recognized these fallacies in their market, maybe it’s time the U.S does the same.
Disney Stock News Today: Disney Lays Off 7,000 as streaming services tank.
Disney is planning to lay off 7,000 workers to cut costs across the company. CEO Bob Iger announced the news in an earnings call on Wednesday, stating that the move is “necessary to address the challenges we’re facing today.”
Disney Plus added just 200,000 subscribers in the US and Canada for a total of 46.6 million, while its international offering (excluding HotStar) saw the addition of 1.2 million members.
Hulu and ESPN Plus had similarly slow growth, with each adding 800,000 and 600,000, respectively.
It seems streaming services aren’t what Wall Street believed it was going to be.
AMC Entertainment CEO Adam Aron recently praised Disney for scheduling Stephen King’s ‘The Boogeyman’ to be released theatrically on June 2nd, 2023.
The film was originally planned to be released on the streaming service Hulu.
“Theatres beat streamers! We salute producer 21Laps and our friends at Disney for this decision. The Boogeyman, a Stephen King adaption, was made for Hulu. But it tested so well, Disney is releasing it theatrically instead. Thank you Bob Iger, Alan Bergman, Justin, Tony, and Ken,” said Adam Aron on Twitter.
$1.5 Billion in Losses
Disney’s direct-to-consumer division, which includes its streaming services, saw a 13 percent increase in revenue to $5.3 billion.
But it still had an operating loss of around $1.1 billion, which the company attributed to higher costs at Disney Plus and Hulu.
As “Avatar: The Way of Water” gets closer to the $2 billion mark at the worldwide box office, James Cameron says it’s a reminder that moviegoers still value the theatrical experience in an era of streaming dominance.
“I’m thinking of it in the terms of we’re going back to theaters around the world. They’re even going back to theaters in China where they’re having this big COVID surge. We’re saying as a society, ‘We need this! We need to go to theaters.’ Enough with the streaming already! I’m tired of sitting on my ass. Source:Variety.
In recent news, Netflix’s showing of Glass Onion in movie theaters cost the streaming service $200 million for taking it out too early.
Glass Onion: A Knives Out Mystery starring Daniel Craig was released in the U.S. as well as the UK, Ireland, Italy, Germany, and Spain.
The film earned $15 million at the box office but CNBC says the showing could have made $200 million if it had been kept in theatres longer.
Sorry, Charles Gasparino.
“The streaming business, which I believe is the future and has been growing, is not delivering basically the kind of profitability or bottom line results that the linear business delivered for us over a few decades,” Iger said.
In the interim, Disney hopes to cushion that short fall by continuing to rely on traditional forms of distribution, releasing movies on the big screen, where it recently scored blockbuster successes with “Avatar: The Way of Water” and “Black Panther: Wakanda Forever”.
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Market News Today – Disney Stock News | Disney lays off 7,000 employees.
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Stock Market 2023: Top stocks outperforming the SPY.
AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.
The stock, at the publication of this article, is trading at $6.08, the same share price it was two years ago before gaining serious traction.
AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.
While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.
CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.“
Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.
The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.
“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.
Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.
The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.
Company shares are up +109.11% year-to-date.
Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.
She previously helped lead American Express for 10 years.
Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.
The company in November posted wider losses than analysts expected for its first fiscal quarter.
Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”
Stock Market 2023: Top stocks outperforming the SPY.
Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.
However, the company stock is outperforming the market today already gaining +74.16% in gains this year-to-date.
Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.
After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.
Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.
And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.
Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.
Majority of the company is owned by AMC Entertainment.
To gradually increase our fortune, we make financial investments.
Many surveys have discovered that trading in the appropriate equities for a long time (five to ten years) may deliver profits that keep pace with inflation and are a better alternative than property investment and precious metals, despite the fact that certain individuals consider shares as a problematic venture.
People who invest in the share market also have relatively brief plans.
Choosing the appropriate shares can assist the company to achieve quick cash even if shares might be unpredictable over a brief period of time.
Shares have been granted or exchanged on a stock exchange.
A stock market is equivalent to a stock exchange. The fundamental contrast is that a stock market permits you to exchange investment instruments such as securities, index funds, futures, and company shares. A stock exchange only enables the trade of equities.
The stock exchange, which is the essential framework that offers the equipment required to exchange firm shares and other securities, is a primary consideration.
As a corollary, it functions as a hub for stock purchasers and sellers. The New York Stock Exchange and NASDAQ are the two most prominent trading platforms on the globe.
Categories of Share Market
1. Primary Market
This is the procedure that occurs when a corporation organizes to distribute a defined number of shares and generate capital.
A stock exchange registration is another moniker for this, and it attracts traders to invest in share market.
A business approaches the primary markets to raise some money.
An Initial Public Offering is the terminology used when a firm sells securities for the first time.
2. Secondary Market
Holdings of newly issued securities are transacted on the secondary market when they have been purchased in the primary market.
This is undertaken to provide shareholders an opportunity to sell their stocks and get their funds refunded.
Trades, when someone invest in share market from this other investor at the current market price or at a value that both parties have agreed upon, are described as secondary market trading activity.
Customers tend to participate in these transactions through a mediator, such as a stockbroker, who accelerates the operation.
Plans are presented by various brokers separately.
Invest in Share Market: Earning Money By Means of Shares
As many people are unfamiliar with how to earn money through shares, we have compiled a list to help you out.
1. Dividends
If the corporation in which you own stock generates money, it might decide to allocate some of it to the traders who invest in share market of the corporation.
This can be expensed, partially paid back, or unfranked, according to the number of stocks you possess.
You might well be capable of seamlessly reinvesting these earnings into further shareholdings with some organizations.
When the worth of your assets rises, that is the amount you invest in share market, a capital gain emerges.
You secure the income and generate a capital gain if you dispose of your shares after they have improved in worth.
Your assets’ value may remain on the rise or decline if you elect not to trade, and this is described as unrealized capital growth.
3. Entitlements
Certain businesses, notably those in commerce, hotel, and arts and entertainment, will also provide people who invest in share market discounted prices.
4. Discounts
This offers the chance for current shareholders to acquire their shares at lower cost rates.
Since a dealer is not necessary to buy this, you could also cut down on commission fees.
5. Deduction in Tax
The corporation may connect tax advantages to your shares if they have previously paid any taxes on their revenues.
These incentives can minimize the amount of taxes you must pay on revenue that you generate.
You may qualify for a 50% deduction in your taxes on capital gains if you keep your assets for more than a year.
Considering any tax advantages from trading in shares, you need to get your own professional assurance.
The following are the assets that can be traded in the share market:
#1. Mutual Funds
These are trading instruments that let you make passive investments in treasuries or the stock market.
It accumulates resources from a large number of investors and puts the whole quantity into financial products.
The professional investment manager has the responsibility for this.
Every equity investment system generates units, which are valued equivalent to shares.
This indicates that when you contribute, you become a unitholder.
You benefit financially as a stockholder when the money invested by the MF program is lucrative.
Either the valuation of the units increases, or cash is distributed to all existing shareholders in the manner of dividends.
#2. Bonds
For projects, enterprises prefer funds.
The revenue they have gained from the venture is then employed to repay them.
Bonds are one method for obtaining money.
Credit is what a corporation obtains from an institution in lieu of recurrent interest costs.
Comparable to this, a bond is what a corporation issues when it takes out a loan from multiple individuals in return for periodic installments of interest.
#3. Secondary Market
Another method for obtaining income is through investing in stock markets.
The shares are distributed by the businesses to compensate for the revenue.
A share symbolizes controlling a part of the company.
The stock market is then employed to exchange these shares.
Think about the preceding scenario; you want to broaden your venture because it is an achievement.
Ending Statement
Shares have been beneficial because you are investing in a company rather than buying a fluctuating currency.
If the organization you select is performing in a constructive manner then its profit will increase and the value of shares will increase as a result.
The same happens when you trade crypto through digital platforms like the-bitalpha-ai.com.
It helps you in getting accurate rates and provides you with ease in your trade.
Stock Market News: What’s happening with MULN stock? Will MULN shares keep rising?
Mullen Automotive (NASDAQ:MULN) stock shares rose +2.27% on Monday after a turbulent past few days last week.
The automotive stock surged to $0.44 before in January before retesting $0.28 and closing at $0.30 the start of the new week.
Retail investors have been buying the stock after analysts gave MULN stock a price target of $24.15.
The current analyst consensus is a strong buy, but shares fell after Mullen Automotive submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.
Will Mullen Automotive stock recover?
Here’s what’s happening with MULN stock right now.
MULN Call Options Continue to Dominate Put Options
Even as MULN shares make gains and slide in January, we see that MULN call options continue to dominate the number of put options in the market.
On Monday, there were 96.41K calls total and 1.64K puts total.
This demonstrates there are more bullish investors than there are bearish investors.
Will AMC stock go up this week? Market news + updates.
AMC Entertainment (NYSE:AMC) stock is currently trading around $5.64 per share.
The movie theatre stock had fallen below $4 just weeks ago but has risen above main support levels again.
AMC stock is up approximately 2% on Monday morning despite low trading volume.
We’re also seeing short interest in AMC Entertainment stock dropped from 22.10% to 21.96%.
Could this explain why we’re seeing small gains early this week with very low volume?
And will AMC stock continue to go up this week?
Let’s dive into some quick technical analysis that will allow us to identify where the stock may go short-term.
AMC Technical Analysis Today
Technical Analysis – $AMC stock.
AMC Entertainment stock is currently consolidating around $5.64 per share.
A break above this level may send AMC to retest $5.82 per share during any day this week.
Beyond the $5.80 level is $6.16.
However, if AMC fails to break above the consolidating level of $5.64, we can expect to see AMC stock drop and retest its major support level of $5.55.
Short sellers closing small positions or heavy buying volume from retail investors will carry the momentum towards the upside.
The weekly MACD shows us buyers are in control and indicators show no signs of slowing buyers or big sellers stepping in.
Rejection at $5.80 could mean more consolidation for AMC.
But as we’ve seen in the market time and time again, any whale may step in to either buy or sell the stock, contradicting what chart patterns are signaling.
Bookmark this page if you’d like to see weekly updates like this.
Market News: Here’s the latest on Meta Materials (MMAT) stock.
Will MMAT stock go up this year? How soon will MMAT stock reach $2 again?
In this article, I’m going to break down everything you need to know about MMAT (NASDAQ:MMAT) stock including predictions for 2023, what it is, and how to buy it.
If you’re new to the blog, welcome.
I publish market news and updates for the retail community so that they may navigate the stock market with ease.
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Many retail investors claimed the pump and dump was happening outside of their community, particularly in the options trading circles.
On December 28th, 2022, Meta Materials won a Lux Innovator of the Year Award for its NANOWEB® 5G Reflector solution, which is able to passively reflect and redirect high-speed signals at design-specific angles to improve signal propagation and help eliminate dead spots, without requiring any power or a network connection.
“META is developing breakthrough, next-generation applications, across a range of industries,” said George Palikaras, President and CEO.
“We have built a broad set of platform technologies, backed by a rapidly expanding IP portfolio, which is approaching 500 active patent documents. Nevertheless, we could not succeed without our global partners, who contribute technology, key materials, supply chain and channel relationships. I want to acknowledge and thank them for their continued support.”
Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.
For Biora’s Targeted Therapeutics Platform, which is focused on treatment of ulcerative colitis (UC), the company remains on track for an IND filing for its PGN-600 program followed by clinical trial initiation.
During Q4 2022, Biora continued its engagement with the FDA with a pre-IND supplemental Type C filing requesting agency feedback on its proposed PGN-600 clinical development plans, including the company’s proposed approach to toxicity studies and other aspects of its clinical plan.
“The recent Type C response from the FDA further strengthens our confidence in our plans to enter the clinic during the first half of 2023 with IND filing followed by trial initiation in Q2, and data readouts anticipated in Q3,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics.
Biora Therapeutics has previously shown the strong potential of its Targeted Therapeutics platform to help patients with ulcerative colitis (UC) through data demonstrating that:
For Biora’s Systemic Therapeutics program, the company has been transitioning from early concept to a clinical-ready device.
With several of the key device upgrades implemented, the company expects to report data from preclinical studies on its next-generation device during Q1 and Q2 of 2023.
This is big news for the company and for BIOR shareholders alike.
The latest PROG stock news could be the reason why we’ve been seeing bullish price action this year.
If clinical trials prove to be a success, Biora Therapeutics’ platform will be approved for use.
This could yield a massive payout for shareholders invested in the company this year, a PROG short squeeze.
Heavy buy IMO