Stock Market Stallions
Gores Holdings IV Inc (NASDAQ: GHIV) is set to close in on its merger with United Wholesale Mortgage. The merger marks an exciting new chapter for the mortgage lender, as it will list on the NASDAQ under the ticker UWMC. Shareholders of Gores Holding stock voted yesterday to seal the merger, which is the final obstacle until finalisation.… Read more
Bank of America (NYSE: BAC), like most Banks, is laying the groundwork for a 2021 recovery. Buffett still stands firm by the company, but hedge funds are beginning to exit. Who is right? The future looks bleak for the coming months, but the long-term future is bright.… Read more
Afterpay (ASX: APT) and Zip Co (ASX: Z1P) are putting on an impressive show before Thursday’s earnings with APT, and Z1P eyeing $100, and $10 respectively. The BNPL rockets seem to be poised for blast off come Thursday as institutions, main street, and analysts remain bullish.… Read more
Afterpay (ASX:APT) stunned the entire market after hitting a new all-time high of $75, resulting in a 725% rise in three months. APT’s recovery from COVID-19 instantly caught the eyes of many investors. However, doubt crept in that Afterpay’s growth mimicked that of a bubble. The entire BNPL is surging like a missile.… Read more
Credit Suisse announced its intention to delist the popular Exchange Traded Note VelocityShares Daily 2x VIX (TVIX). Alongside 8 other publicly listed ETN’s, TVIX will no longer be traded on the NASDAQ effective of July 12th while new issuances suspended on the 3rd of July. If you aren’t completely familiar with ETN’s we will breakdown what they are and what happens when they delist from a public exchange such as the NASDAQ.… Read more
Broadway Financial Corporation (NASDAQ: BYFC) is up over 300% from what seems to be an enormous Black Lives Matter rally. Google (NASDAQ: GOOGL), Facebook (NASDAQ: FB), Netflix (NASDAQ: NFLX), Twitter (NASDAQ: TW), Apple (NASDAQ: AAPL), and Amazon (NASDAQ: AMZN) injected a combined total of $1.1billion into black-run businesses.… Read more
Investors always viewed Zip Co (ASX: Z1P) as the little brother to Afterpay. However, the investor sentiment is beginning to change as Z1P is up an impressive 70% for the week. Almost every investor is jumping on the Z1P train. However, many investors standing at the station are wondering whether there is time to invest before the doors close.… Read more
Written by Sergeo Domtchenko
To say that the financial sector is going through a “rough patch” is an understatement. Profit plunges, dividend cuts, frozen loan repayments, and suspended executive pay increases have been the fallout of the COVID-19 pandemic.
Since the market highs recorded on February 20, the S&P 500 Financial Index fell by over 22.6%.… Read more
Chinese tech giant Tencent bought a 5% equity share of Afterpay (ASX:APT) ASX investors then rallied behind APT, triggering a 30% surge. Tencent was attracted to Afterpay after seeing its rapid expansion in the US, gaining 4.4 million customers in 2 years.… Read more
Written by Sergeo Domtchenko
What was once considered “safe investments” don’t look to be so secure now. To say that the banking industry is going through a challenging period would be an understatement. Profit plunges, dividend cuts, and frozen loan payments have all been the fallout of the Coronavirus pandemic.… Read more
First, it was NAB, then ANZ and now Westpac (ASX:WBC) . The stereotypical safe investments are not looking so safe anymore. Profit plunges, dividend cuts, and frozen mortgage paymentsscream banking instability.
Westpac’s $23 million lawsuit for money laundering, sex trafficking, and terrorism was bad enough.… Read more
Banks are like the sails on a ship as they propel the country towards economic growth. Banks finance our businesses, allow millions of people to take out mortgages, and allow us to save money.
When banks begin to topple, the likelihood of the ship sinking is high.… Read more
Written by Sergeo Domtchenko
Quarterly financial reports often produce extremely turbulent market conditions. Earnings season breeds two types of investors. For example, you have the investors who sell/buy after a company releases weak/strong financials. On the other hand, you also have opportunists who aim to snap up companies at a discount.… Read more
The Sydney Royal Easter show might have been shut down but the ASX rollercoaster continues to travel at full speed. The market suffered yet another blow today, dropping 5%. Consequently, any confidence behind Morrison’s stimulus package, the RBA rate cuts, or travel bans is now squashed.… Read more
Investors strapped themselves in for what appeared to be another downhill slide in the stock market. Especially, as the market experienced its worst day on Monday since the GFC, falling 7.3%. However, the ASX 200 rebounded from yesterday’s sell-off, climbing 6.46%. Amidst today’s recovery, our four big banks posted some impressive returns.… Read more
The rapidly emerging Buy Now Pay Later (BNPL) market is shaking the investment and spending world. What started off as a revolutionary payment solution is now gaining criticism as an unethical payment solution.
Despite each person having ‘micro debt’, which might appear okay at a surface level, if its multiplied by millions of people the ‘micro debt’ becomes an issue.… Read more
The innovation in the payment industry is only the beginning. Whether you are an investor or not, we all purchase products. How you purchase your products is the real question? Do you use Afterpay, a credit card, Split it Payments or just your hard-earned money in the bank?… Read more
Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.
Split it Payments LTD is a payment solution for consumers that will split payments on existing debit or credit cards into monthly instalments with no interest or fees.… Read more