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. (opinion not advice) This article looks to breakdown […]
Category Archives: Banking and Payment Solutions
Afterpay and ZIP rally 20% before Thursday’s earnings – Does YIG see value?
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. However, as the BNPL hill climbs higher, could a […]
Afterpay hits a new all-time high – could they reach $100?
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. Making many […]
What TVIX investors need to know before Credit Suisse delists the ETN on July 12th
Credit Suisse announced it’s intention to delist the popular Exchange Traded Note VelocityShares Daily 2x VIX (TVIX) linked to the S&P 500 VIX Short-Term Futures. Alongside 8 other publicly listed ETN’s, TVIX will no longer be traded on the NASDAQ effective of July 12th while issuances suspended on the 3rd of July.
Black Lives Matter rally sees BYFC skyrocket 300% – is this another UONE?
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. Hence why every investor under the sun […]
Zip is up 450% – is it too late to invest?
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 […]
Greenpro surges 600% after acquiring 4% in the Millenium Sapphire – is the future bullish?
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 […]
Is Afterpay a bubble ready to burst?
Why is APT soaring? 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. Before this news, many investors were sceptical about Afterpay […]
Macquarie surges after slashing dividends by 50%
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. Since COVID-19 began infecting the […]
Westpac’s profit plunges by 62% – Is a long term investment pointless?
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. However, the dire consequences of COVID-19 could be the straw that […]
NAB is now too risky – here are the banks that you should be looking at.
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. Thus it should come as no surprise that […]
Goldman Sachs earnings plunge by 50% – is this the best COVID-19 investment?
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. Reporting season saw the […]
Is now the time for ‘Big Four’ Investors ?
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. It appears the gravitational force behind the coronavirus is […]