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- Hussain Shabbir
Expert opinion by Hussain Shabbir on All market
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17.08.2020
Japan, the world’s
third largest economy after the United States and China, is heading towards a
major economic crisis with a dramatic plunge of its GDP in August. The actual annualized
GDP of Japan that has been released on the third week of August fell by 27.8%,
well below the record of -17.8% in 2009. This is the lowest reading ever for
Japanese economy since 1980, when Japan has started to release comparable
figures of its economy performance.
Analysts forecasted Japan’s annualized GDP to drop by 27.2%.
Japanese quarterly GDP dropped by 7.
14.08.2020
Gold
has been traded long since mid of June until August 7 from $1765.00 per troy
ounce to hit a new high of $2073.543 per troy ounce. The yellow safe haven
asset has been increasing in value dramatically due to the Covid-19 pandemic. In
addition, due to several factors’ gold started to drop and traded short to
$1863.173 per troy ounce retesting July 22 level.
Firstly,
gold started to drop because of gold holders represented by banks and
institutional traders has decided to sell the yellow metal to cash out and rebalance
their portfolios to invest into more risky assets.
12.08.2020
As
the stock market start to prosper at the beginning of August, we have seen huge
recovery for most of the companies. The market outlook in terms of the value
and performance has high capacity for investors comparatively to the last three
months. NRG Energy Inc. and MGM Resorts are the best value stocks with the
lowest 12-month P/E ratio.
MGM Resorts International: MGM
is a holding company that through its auxiliaries claims and works casino
resorts with share value of $21.45 and market cap of $7.6 billion with 12-
month trailing price to earning P/E ratio of 2.8.
10.08.2020
The rally of the U.S. Dollar continues in a
bear market, as we have seen a positive data on jobs report last week. The average wages rose
by 0.2% in July compared to -1.2% in June and are aiming to recover back to
0.4% as per last September.
According to the U.S. Bureau of Labor
Statistics Non - farm payrolls report showed that the U.S. economy has added
over 1.76 million jobs beating expectations of 1.6 million resulting in short
term recovery move of the U.S. Dollar.
The U.S. unemployment rate was at 10.
07.08.2020
The
pharmaceutical industry is gaining momentum as many companies worldwide are seeking
the cure from a deadly COVID-19 infection. U.S. President Donald Trump said the
vaccine could be developed already by November this year. Many countries like
Australia, Japan, South Korea have approved medications that will help infected
to recover from the decease. Vaccine, when it appears on the market, will be of
a great demand by most of the countries and would boost sales of medications
worldwide. Pharmaceutical stocks have performed well since the beginning of
last year posting gains of 14.
27.07.2020
Due to the
increasing new cases of coronavirus around the globe, and more specifically in
United States, U.S. Dollar continues its descend. Investors are turning more to
other instruments such as gold and silver. Digital currencies are also in
investors’ sight. “Digital gold” or Bitcoin broke out the important psychological
level of $10,000. Bitcoin like gold started to gain up as an alternative investment
instrument. On Monday, Bitcoin hit the maximum price of $10325.76 trading in a
range with the lowest level of $9566.45.
24.07.2020
Despite some correction in the U.S. stock market, where the S&P 500 broad market index that measures the stock performance of large companies listed on stock exchanges in the United States slid by 1.2% on Thursday, and the Nasdaq Composite fell almost by 2.3%, and some fundamental negative background, there are some companies in the U.S. stock market that perform well and are expected to grow. Equifax Inc and Watsco Inc are promising stocks for long-team investment.
Equifax Inc., NYSE: EFX was founded by Cator and Guy Woolford as Retail Credit Company in 1899.
22.07.2020
Yellow metal on Wednesday reaches a new level of price of $1865 per troy ounce. Gold rise to its highest since September 2011, propelled by a softer U.S. Dollar and expectation of more stimulus measures to resuscitate pandemic-hit economies, which could stoke inflation. Gold on Wednesday is volatile with the lowest of $1840.561 and the highest target price of $1865.538. Over 24 hours, yellow metal jumped 0.9% and reached $1860. This breaks out open the gate for gold to hit a new target of $1900 per troy ounce.
20.07.2020
The biotechnology industry is currently on the high demand, especially with increasing number of new diseases every year. Biotechnology companies discover, develop and promote their products that can overcome the health issues. Many companies are in a constant global fighting and time to come up with best and effective solution to defeat the coronavirus and other important diseases. Regeneron Pharmaceuticals, Illumina and Vertex Pharmaceuticals Incorporated are expected promising stocks in biotechnology industry.
Regeneron Pharmaceuticals Inc, NASDAQ: REGN, Inc.
17.07.2020
Despite the effect of the COVID-19 to the global economy, consumer staples sector companies are seem to be less sensitive to economic cycles. These companies are providing daily services to their clients - manufacturers and distributors of food, hypermarket, beverages and producers of non-durable household goods and personal products. Walmart, Monster Beverage and McCormick in this regard are an expected growth stocks.
Walmart Inc, NYSE: WMT, is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
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