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14.01.2025

Merck Becomes Interesting to Be Added to a Portfolio

Merck & Co (MRK) stocks have shown signs of becoming a compelling buy opportunity. Over the past six months, the stock has been in a downtrend, declining 29.8% to $94.50 per share. However, since mid-November, MRK has demonstrated a reversal of momentum, rebounding by 10.0% to reach $104.87 on December 5. Following a brief pullback and consolidation period, the stock has retested the downtrend resistance and appears poised to continue its upward trajectory.

With prices currently positioned to target $110.00, this represents a potential 9-10% upside from the present levels. Setting a stop-loss at $93.50 aligns with a prudent risk management strategy, providing protection against further downside while allowing for upside potential. The recent consolidation phase further supports the case for a breakout, making this an attractive moment to consider initiating or adding to a position in MRK.

14.01.2025

Tezos Is Seen Hodling above $1.200

Tezos (XTZ) has declined slightly by 0.2% this week, trading at $1.249, following Bitcoin’s (BTC) drop to $89,158, which triggered widespread altcoin sell-offs due to concerns of a potential further decline in BTC to $80,000. However, Bitcoin managed to hold above the critical support level at $89,000-$91,000, offering some relief to the broader crypto market.

Speculation about a shift in U.S. trade policy has provided additional support to crypto assets. Reports suggest the new U.S. administration may pursue a gradual increase in tariffs rather than an abrupt hike, which could help alleviate inflationary pressures and lead to a less aggressive monetary stance from the Federal Reserve.

This development is a positive signal for the cryptocurrency market and may help Tezos maintain its position above the key support level of $1.200.

16.01.2025

Delta Is Taking Off To Update Its Highs

Delta Air Lines stock rose markedly by low double digits in the first ten days of the new year. The U.S. carrier has served more than 200 million customers in 2024, when it was also recognized by J.D. Power, a leading American data analytics and consumer intelligence company, for being No. 1 in First/Business and Premium Economy Passenger Satisfaction. Travelers became more willing to spend extra money for swanky seats when meeting a high level of service. Delta is just positioning itself as the nation's premium airline. And what's more important, its Christmas quarter's earnings reportedly surpassed average analyst pool projections. Driven by stronger travel demand, smart financial management and capacity discipline, Delta business provided last three-months' profit of $1.85 per share vs $1.28 at the same period one year ago, compared to $1.75 in consensus estimates. On January 10, the airline industry leader put its future profit levels within a range between $0.70 and $1 per share in the current quarter through the end of March, while analyst expectations were focused on $0.77 cents, according to data compiled by LSEG. The starting months of each year always perform worse. It is clear that all carriers made losses in the Covid years of 2020-2022, but Delta profits only recovered into a range from $0.25 to $0.45 in the first quarter of 2023 and 2024, respectively, but Q1 profit numbers varied from $0.75 to $0.96 even in the three blessed years before the pandemic. Delta added that it is forecasting annual earnings in excess of $7.35 a share, which would be the highest in its 100-year history, based on its planned revenue growth of 7% to 9% in the March quarter from a year ago. The announcement could be compared to an adjusted profit of $6.16 a share in 2024. The company happily breaks through ticket prices' rising effects, almost undisturbed by a reduction in airline seats in the domestic market, which was peculiar for most carriers. Thus, new expectations created a fertile ground for setting new price records, even though price movements on Delta charts look most convincing among its other American rivals.

By the way, Citigroup analysts freshly updated their outlook on Delta Air Lines shares to raise their price target to $80 from the previous $77, vs the actual range around $65 per share where the stock just came after a reasonable market correction from last week's and all-time highs. Citigroup said it has included factors like higher revenue per available seat mile, projections of slightly lower fuel prices, increased taxation, a minor rise in share count, and the incorporation of fourth-quarter 2024 results into their financial model, which has projected Delta's profit at $7.49 per share in 2024 and $8.72 in 2025. Delta shares are Buy-rated at Citi, and we agree with their positive estimates in general, while keeping in mind even better price goals somewhere between $82.5 and $85.

23.01.2025

Ontology Is Sliding Towards $0.2000

Ontology (ONT) is down 2.3% this week, trading at $0.2176, in line with the broader crypto market where Bitcoin (BTC) has declined 2.0% to $101,632. While the new U.S. administration has made some strides toward fairer crypto regulation, Donald Trump has remained silent on the highly anticipated issue of adding Bitcoin to U.S. federal reserves.

Market speculation is rampant, with figures like BlackRock CEO Larry Fink suggesting Bitcoin could surge to $700,000 per coin if sovereign wealth funds begin accumulating. Other forecasts predict Bitcoin reaching $250,000 by year-end. While such projections could foster optimism, the lack of decisive action or announcements regarding U.S. crypto reserves is weighing heavily on the market.

For Ontology, the situation remains bearish. Having breached the critical support at $0.2500 last week, the token is now approaching the $0.2000 level. A failure to provide clear evidence or statements about U.S. federal crypto reserve plans could see ONT fall even further, breaching the $0.2000 mark and deepening its losses.

09.01.2025

VeChain Is Suffering on Rising Borrowing Costs

VeChain (VET) has fallen 12.7% this week, trading at $0.0445, underperforming the broader cryptocurrency market. Bitcoin (BTC), the leading cryptocurrency, has declined by 5.6% to $93,220, with bearish momentum building as it approaches key support at $89,000-$91,000. This decline is largely attributed to tightening monetary conditions in the United States, which continue to weigh on risk assets. Investor confidence is further shaken by significant net outflows from spot BTC-ETFs, which lost $583 million on Wednesday, marking the second-largest single-day outflow on record.

If BTC falls below the critical support level of $89,000-$91,000, VeChain is likely to extend its losses, with prices potentially declining another 10% to $0.0400. A sustained drop in BTC could push VET even lower, towards $0.0300. Conversely, a strong rebound in BTC prices to the $100,000 level could drive VET back up to $0.0500, representing a recovery of approximately 12% from current levels.

Rafael Quintana Martinez

Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/

21.11.2024

Synthetix is Losing Momentum

Synthetix (SNX) is up 3.0% this week, trading at $1.650, lagging behind the broader market where Bitcoin (BTC) surged 10.0% to a new all-time high of $97,890. Earlier in the week, SNX rallied by 19.7% to $1.909 but failed to sustain those gains, retreating after hitting the middle of its ascending channel.

While an upside recovery remains the likely scenario, it faces a strong resistance zone at $1.900-$2.000. If SNX manages to break through this level, it could gain significant momentum, potentially rising by 50% to reach $3.000.

SNXUSD

3137

Metadoro内部分析

20.11.2024

Not Every Retailer's Performance Is Encouraging: Lowe's

Unfortunately, some leading U.S. retailers failed to inspire investors. While Walmart (WMT), Costco (COST) and Home Depot stocks continued to rise in November, Lowe’s Companies (LOW) lost nearly 5% this week, despite improved forward guidance and nominally better than expected quarterly results in both top and bottom lines, yet it was a peanut compared to a 18% plunge in the market value of Target Corporation (TGT) in today's pre-market trading.

Lowe’s is a well-known big box home improvement chain, which operates over 1,700 stores and employs about 300,000 associates. The stock became clearly overbought by mid-October as its market value increased by almost a third since the beginning of 2024. That's why updating historical records at $287 per share led to a natural price correction, which accelerated its pace when Q3 numbers confirmed that the chain's revenue and profit came down YoY, even though moderately beating consensus estimates. Overall, further sliding below $250 per share, or even to $225-235 per share, is our baseline scenario at the moment, with the stock's potential to willingly resume its uptrend after bottoming out.

Lowe’s provided net sales of $20.2 billion in the recent three months, better than $19.95 billion averagely expected by expert polls but 1.5% below its achievements in the same quarter of 2023. Same store sales lost 1.1% YoY, hit by big-ticket items, especially large "do-it-yourself" projects. Online sales and loyalty programs grew to soften the damage. Another portion of good news is that the company's management coped well with the task of cutting costs of sales, which came down 1.5% to $13.4 billion, while administrative and other expenses only added 1.7% to $3.8 billion. This helped to improve additional losses of profit, which were reduced to 11.5% vs potentially worse analyst projections.

Based on this data, the company's own guidance for the whole year of 2024 was adjusted to a higher range of $83.0 to $83.5 billion, vs $82.7 to $83.2 billion in August estimates, but it was still below the $84 billion to $85 billion range, which was set at the beginning of the year. The guidance for same store sales drop has been lowered in Q2 from the 2% to 3%, and now it is raised to a range between 3.0% and 3.5%. It is still better than the previous estimate of a 3.5% to 4.0% loss in same store sales.

XRT

3533

Metadoro内部分析

20.11.2024

Not Every Retailer's Performance Is Encouraging: Target

More complicated scenarios could be related with Target stock recovery after the chain of hypermarkets surprisingly generated only $1.85 of quarterly EPS (equity per share) vs $2.10 in the same period of 2024, $2.57 in Q2 2024 and $2.30 in consensus projections for the recent quarter. The revenue of 25.67 billion was only slightly lower but mostly in line with average forecasts around $25.87 billion. This means that the discount policy was good enough in maintaining sales, not profits. Potential dip buyers and mid-term bulls may be terrified by currently entering into Black Friday, then Cyber Monday and finally launching the Christmas season, with growing chances of exacerbating the overall pattern. Target CEOs commented on potential holiday quarter sales by revealing their profit forecast of $1.85 to $2.45 per share, compared to the Wall Street's analyst pool hopes for $2.66 per share, with flat comparable sales projections YoY, instead of consensus bets for 1.64% gains.

"We are seeing the consumer become increasingly resourceful and strategic on how they shop," the chief commercial officer at Target, Rick Gomez, said, following the chain's cutting its prices on thousands of essential and gift items, as well as food, beverages and toys. According to Gomez, only apparel sales were weaker than normally with warmer-than-usual weather across the United States. Spending on other items was strong but the seller probably benefited from lower prices less than consumers did. Again, persistent weakness in selling higher-margin items like home decor and electronics is still here for Target when more families are watching their budgets.

While Amazon, Walmart or even TJX are performing better plus raising their inner predictions for holidays, Target looks to be more careful by moderating its 2024 forecast to between $8.30 and $8.90 in terms of EPS (equity per share) from its own previously forecasted range of between $9.00 and $9.70.

Shopper visits were O.K. to gain 2.4% in the last three months ended November 2, with a 10.8% jump in digital sales being also detected. This means that consumers still love shopping in Target, and so the root cause of solving trouble with earnings lies in price policy and may be logistics. "We encountered some unique challenges and cost pressures that impacted our bottom-line performance," Target CEO Brian Cornell said. He mentioned a three-day strike of U.S. dock workers and port operators in early October to partially shut down shipping on the East Coast and Gulf Coast, so that Target had to carry additional costs to reroute some shipments before the key season.

We think this promises the transitory nature of unearned profits, with Target share price to recover sooner than later. Yet, the stock may first come through re-testing of a below $120 area, plus potentially 3 to 6 more months wait for renewal of the crowd's enthusiasm, before coming back to $150+ and then targeting $180+ again.

TGT

2789

Rafael Quintana Martinez

20.11.2024

ApeCoin Is Losing Momentum

ApeCoin (APE) is up by 2.7% this week, trading at $1.1000, lagging behind Bitcoin’s 4.7% rise to $93,340 and the broader altcoin market, where some tokens are surging by 10-20%. APE's subdued performance comes after a significant 140% rally in mid-October, spurred by Yuga Labs’ announcement of the ApeChain launch. This rally prompted profit-taking by large holders, leaving APE still 54% above pre-announcement levels, compared to Bitcoin’s 36% gain in the same period.

Momentum appears to be fading for APE. However, from a technical perspective, prices remain above the key support at $1.000 and are holding steady near the middle of the ascending channel at $1.100. While this positioning typically signals potential for further upside, the market action suggests sideways consolidation rather than a decisive upward move.

APEUSD

2031