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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.

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.

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.

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.

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Curve Continues Down

Curve prices are nearing their highs of the last two weeks, but are seen likely down after hitting the strong resistance of the downward channel. Thus, it would be better to consider new short trades from 0.4990-0.5120 to 0.4210, the lows of August. The stop-loss could be set at 0.5370, which is the high of August 17.

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Binance Coin May Continue Up on Overall Positive Sentiment

Binance coin prices are following an uptrend Since August 22. The coin has dropped by 1.37% on August 30 nearing the support of the upward channel. So, it could be worth considering new long trades from 219.75-221.55 towards 239.70, the high of August 16, and with a stop-loss to be set slightly below 215.10, the low of August 27.

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Stocks to Bounce in September: 3M

The share price of 3M Company soared by nearly 6.7% for the first two trading sessions of the week. The firm faced several lawsuits, including accusations of more than 260,000 U.S. soldiers on allegedly selling defective combat earplugs which caused hearing loss suffering. The company has agreed to pay $6 billion in damage to settle this vast set of lawsuits, as a widely anticipated sum of compensation was around $10-15 billion. It was interpreted as a positive move by shareholders from the financial point of view. It is worth noting that a similar price jump took place in June on a tentative $10.3 billion settlement in another lawsuit against 3M on water pollution. A component of the DJIA 30 (Dow Jones Industrial Average) index, 3M stock was seemingly doomed to the dull existence near its historical bottom, which was more than 80% below its peak value. Yet, it does somewhat better compared to its counterparts in the segment, as it at least maintained a stable and robust dividend yield of 5.8%. The market value of a conglomerate is above $58 billion. Though legal issues and high primary cost may continue to affect the company's reputation and financials, this second leap of its shares in summer may set in motion a slow and steady process of 3M price recovery during the nearest weeks. However, this road is uncertain, as 22 U.S. states are seeking to overturn the latest settlement on earplugs compensation. Again, the company probably needs to increase its debt to pay this money. 3M has rising gross profit and return on invested capital, yet a declining trend in operating margin and return on equity. Its sales growth was down to 5.8% YoY, mostly due to current challenges in the segment.

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Stocks to Bounce in September: Best Buy

Best Buy was the highlight of the last set of Q2 earnings reports this week. The American consumer electronics shop, which is shipping thousands of items like cell phones and other gadgets, computers, appliances, video games etc. beat consensus on both revenue and profit.

The company’s EPS (equity per share) of $1.22 on sales of $9.58 billion was better than estimates of $1.07 per share on sales of $9.52 billion on average. Appropriate numbers were also 6.1% and 1.15% better than in the previous quarter, even though 20.8% and 7.3% lower YoY. The segment is still under pressure due to clearly reduced global demand on non-essential goods, yet the company's marginality is growing, as it seemingly managed to balance costs and its pricing policy. Gross margin level was at 23.2%, being 60 basis points above the expert pool forecasts. For the financial year of 2024, Best Buy sees its EPS of $6.20 on sales of $44.15 billion, against previous consensus for earnings of $6.08 on sales of $44.3 billion.

Deeper but reasonable discounts encouraged consumers to shop, giving results that are "at the high-end of the outlook" the company shared in May, said Corie Barry, Best Buy CEO, adding that the financial side of its business continued to "demonstrate our strong operational execution as we balance our reaction to the current industry sales pressure with our ongoing strategic investments”. Best Buy shares became one of the best buy cases of the week, as the stock initially jumped by 5.6% on August 29 to hold a gain of 3.87% before the closing bell.

Since Best Buy stocks have been in a downtrend since November 2021 and then rebounded sharply in November 2022, and are moving sideways at lower levels till now, a moderate bounce in an attempt to test its winter peaks may probably be called a baseline scenario for September.

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