Maher's Digital World

Financial news and stock markets.

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #310 on: March 23, 2020, 11:21 AM »
Note that the Dow Jones is currently losing 820 points. On these levels and if you do not have stocks yet, I think it could be interesting to buy defensive stocks with a medium-term horizon. I was recommending Intel a few days ago at 47$, or mcdonalds. Today, 3M is tumbling 6.3%. With a dividend yield of 4% on these levels, and if the dividend is maintainted, it could be a good purchase.

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #311 on: March 24, 2020, 07:18 AM »
Note that there is a rebound in Europe. The cac 40 is up 4.15% and the dax 5.9%. The Wall Street futures are currently up 4.2%.
If you have winning positions, I advise you to sell half of them. Another coup de tabac could take place. I sold 500 societe generale at 14.60€. Fundamentally the stock is pretty cheap, but in this context, it could go back to 13.50€
« Last Edit: March 24, 2020, 07:23 AM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #312 on: March 24, 2020, 09:47 AM »
Note that the cac 40 is now up 5.85%. The resistance at 4140 was broken. It might indicate that prices could go higher.
in this context, Natixis is soaring. It is up 13%. The next target price is 2.80...


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #313 on: March 24, 2020, 12:00 PM »
Note that the Dow Jones is currently up 8.8%...
If you have American stocks, I advise you to reduce your positions. This rebound is a bit artificial and the peak of the pandemic has not been reached yet.


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #314 on: March 25, 2020, 02:43 PM »
The market is very bullish as you can see on the picture. In this context, the cac 40 could go to 4600 points tomorrow.


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #315 on: March 25, 2020, 03:17 PM »
Actually it wasn't that bullish. The Dow Jones lost 700 points in the last 10 minutes of the session...
But I still think stock markets could go higher on the short term with some targets at 4600 points for the cac 40 and 22500 points for the Dow Jones.
A few months ago Trump was talking about a Dow Jones at 36000 points...This target might be jeopardized on the short term by the scourge.


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #316 on: March 26, 2020, 06:56 AM »
Well, there is still a lot of bearishness in the stock markets. The cac 40 is down 2.55%.
The Wall Street futures are at 20850 points, down 1000 points from yesterday's top.


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #317 on: March 26, 2020, 08:26 AM »
Note that I recommend selling Natixis at 3.38€. I sold all my positions in Natixis.
On the short term, there could be another coup de tabac for the bank stocks.

I suggest buying Publicis at 24.8 € with a price target at 27€. The firm announced the dividend  of 2.30€ was maintained.
I jumped on the bandwagon this morning at 24.30€.

However, on the short term, the correction of the stock markets could proceed. The Dow Jones could go back to 19000 points since it seems the coronavirus is spreading rapidly in the US. Note that the virus took its toll in Iraq and Palestine too.
« Last Edit: March 26, 2020, 08:31 AM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #318 on: March 26, 2020, 10:18 AM »
Note that the Dow Jones is currently up 4.4%, at 22100 points. It might be time to reduce your positions.

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #319 on: March 26, 2020, 01:52 PM »
Note that the Dow jones is up 4.7% at 22 192 points. On the short therm, the markets seem very bullish, even if it is prudent to reduce the positions. I expect the cac 40 to go to 4650 points and the Dow jones to 23000. After this, we could have another leg down though.