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16.01.2025

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.

20.01.2025

Investment Banks Are Ahead of Lenders

An advance guard of the U.S. banking segment has reported for the ending quarter of 2024 ahead of the corporate earnings season's major chapters, which are still coming in and are supposed to make an overall positive contribution. But what's interesting is, the variety of lending institutions performed a solid organic growth in terms of both revenue and pure income, while the essentially investment giants like Goldman Sachs (GS) and BlackRock (BLK) grew up on a much firmer foundation. There is an impression that well-organised asset management, based on proper contextual ad hoc and mid-term stock transactions, is still producing enhanced results when compared to the returns of somewhat shabby loan portfolios at still quite heavy interest rates.

A temporary increase in Blackrock market value was up to 6.5% at its highest intraday point on January 15, following its record ever $11.93 of equity per share (EPS) on an also absolutely highest number of $5.68 billion in quarterly sales. Blackrock's three-month achievements provided a 23.5% annual boost in EPS vs nearly14% expected at EPS of $11.06 per share, which was supposed in analyst pool projections in reputable news outlets like Bloomberg and Reuters. Many investment houses quickly adjusted their price target areas for Blackrock shares, while also keeping Outperform ratings on the stock. As an example, Keefe, Bruyette & Woods (KBW) revised its price goal for Blackrock to $1,180, citing the investment bank's diversified inflows and global expansion growth initiatives which made the company favorably positioning in the eyes of analysts and investors alike. Blackrock is currently traded around $1000 per share.

However, the Goldman Sachs (GS) effect even surpassed the previous case, with an emergence of totally new peaks above $625 on GS charts, where the shares of this widely recognized investment giant had never been before. The weekly gain was more than 11.5% from $560 per share at the closing price on January 10. Goldman Sachs provided last quarter's EPS at $11.95 per share, beating a $8.12 consensus forecast, with its revenue achieving as high as $13.87 billion vs $12.15 billion previously estimated on average. This means that GS net revenues are up 7% YoY but its adjusted income soared by 54%, so that the firm maintains its clear leadership in global investment banking, including merge and acquisition advisory and wealth management services. Such a strong kind of resilience revived inner projections for EPS of $47.50 for fiscal year 2025 and $52.50 for fiscal year 2026. Isn't this a ready-made reason for targets above $650, or even $700 per share in the coming months, or at least before the end of 2025? By the way, Goldman Sachs CEO David Solomon was freshly rewarded by an $80 million stock bonus to stay at the helm for another 5 years, and John Waldron, a chief operating officer who is seen by many as a successor to Solomon, who is 63 now, was also awarded with his retention bonus of the same $80 million in restricted stock. However, the huge crowd of Goldman Sachs investors on Wall Street is hardly feeling offended or sad either, given the stock's crazy growth pace by the banking segment's standards.

The very fact that a cycle of lower borrowing rates has started in 2024 on both sides of the pond is helping the banking environment tremendously, which may in turn expand into a real business so soon, but the process may be happening more slowly than many Wall Street inhabitants would like to see due to a pause in the dovish shift by the Federal Reserve and other financial regulators. Wells Fargo (WFC), which also has an increasingly advanced investment focus among its recovering lending business, gained more than 8% since last week's earnings' report, coming very close to all-time peaks around $78 per share. Shares of JPMorgan Chase (JPM) and Morgan Stanley (MS) also broke their previous price records, but gained within 5% and 7%, while the Bank of America (BAC) failed to add more than 2% for the reporting week, while its quarterly profits and sales were high but still within its previous lofty standards. The smaller part of investment business versus the credit component for the last three banks mentioned above seems like a reasonable justification for this tendency.

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.

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.

Bash

27.02.2025

The Old AI Horse Won't Mess Up the Furrows

The dogs bark, but the parade goes on. NVIDIA's quarterly report showed solid results last night, so that the AI darling remains at the head of the tech caravan. Wall Street was tensely awaiting metrics from the top blue chip of the last couple of years and even, for a time, the most valuable company in the world after the close of the regular session. That was exactly the moment of doubt for many investors as some giant tech companies including Meta, Amazon and Google indulged into all kinds of corrective price actions. Well, the AI revolution hero has not failed anybody. The smallest news was that NVIDIA happily announced its Q4 EPS (earnings per share) of $0.89 on three-month revenue of $39.3 billion to clearly beat analyst polls estimates of $0.84 on a more than $1 billion smaller revenue of $38.16 billion. However, the best piece of news was that its management freshly projected as much as a 9.4% sales growth to $43 billion, plus or minus 2%, for the current quarter; also well above recent consensus forecast at nearly $41.8 billion. Things just go on in the way I told you before. The new Blackwell series is in high demand, while Chinese "competitors” or still rather NVIDIA's clients, are also ramping up orders for Nvidia's previous Hopper AI chip due to their local boom created by a relative success on a cheaper DeepSeek's model. Only most advanced AI chips can speedily process big data needs and tasks for large players like Microsoft, Amazon etc. Why not chase two hares at once, if NVIDIA has such capacity? NVIDIA's CEO Jensen Huang reiterated that post-training for AI is driving demand as more computing power like the Blackwell ramp is needed for reasoning models, while next-generation AI models would be "even more thoughtful", so that post-training process would require "hundreds, thousands, or perhaps millions" more computing power. Well, big tech companies continue to spend billions of dollars building their AI data centres, and much of that money goes directly to Nvidia. As an example, Meta wants to build its own U.S.-located data centre by investing $200 billion, they just confirmed this week. Jensen Huang noted that the world has "only recently tapped consumer AI", but the next wave is coming: agentic AI, physical AI, and sovereign AI.

A scheduled sensation is not a sensation at all, as Wall Street is tipped for NVIDIA success. Therefore, I feel it's a quite normal phenomenon that its share price seesawed after the release, with prices initially slipping 1.5% to $129 per unit in the first hour of the extended trading on Wednesday and then rising 2.28% above $134 again before the opening bell on Thursday. In any case, there was no sell-out, which is already a sign of strength, meaning that the flagship stayed afloat to help an entire squadron of tech ships to sail on. Even if some unfavourable circumstances of a temporary nature drag, NVIDIA shares to test bottoms around $120 again, like it happened at the end of January, the analyst pool's 12-month target levels above $170 look like a modest hint of even higher achievements. For me, NVIDIA's target for 2025 lies around $200 at least.

As to the further profit potential for NVIDIA stock itself, its CFO Colette Kress commented that gross margins will be "in the low-70s" during the Blackwell ramp, due to Nvidia's commitment to building out manufacturing, but once Blackwell fully ramps, gross margins can "improve to the mid-70s" later this year. In Q4, NVIDIA generated $11 billion of revenue from the Blackwell-related products, which was 50% of the overall data center revenue, she added.

For me, NVIDIA is easily coping with the looming threat of tariff wars and even the potential for further export controls on the delivery of its cutting-edge chips to China. This wild stallion of the modern era could be already called the old AI horse, compared to its younger and low-budget Chinese rivals, but anyway, this is the horse that wouldn't mess up the furrows going straight ahead.

NVDA

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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/

27.02.2025

BNB Is Seen Rising Towards $700 in a Couple of Weeks

Binance Coin (BNB) is down 6.3% this week to $613.6, outperforming the broader crypto market, where Bitcoin (BTC) has dropped 9.7% to $86,400. BTC bulls appear to have capitulated, with prices plunging to $82,220—the lowest since November 11. Spot Bitcoin-ETFs reported daily outflows of $1.0 billion, adding to the selling pressure. However, BTC has not yet tested the key support zone at $79,000-81,000.

Despite the broader market downturn, Binance Coin is showing relative strength compared to other altcoins, signaling potential resilience. If Bitcoin stabilizes or rebounds, BNB could outperform to the upside. The $550 level may serve as strong support, while the next upside target is set at $700.

BNBUSD

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MetadoroIn-house analytics

26.02.2025

Range Trading for HD Looks Preferable

Some flaws in inner annual projections from this leading U.S. store chain for home comfort are too obvious, so that we cannot dismiss them as if weak points were just tiny details. Meanwhile, the positive side was that net sales in the Christmas quarter grew by 14% vs the three-month period one year ago to reach $39.70 billion. The great number also beat the analyst pool's estimates, which recently came out at $39.13 billion on average. The Home Depot's profit of $3.13 per share was also higher than the $3.04 seen by the same Wall Street forecast. This helped the stock to initially spike by 4.85% soon after the opening bell on February 25, from $382.5 to nearly $401 per share. However, less than 60% of this growth remained before the day's close at $393.3.

Another quick bounce back from the $375 major support area has made a proper impression, as it was the third successful attempt to do so since November. However, the further technical retracement in combination with the lack of solid fundamental guidance left things wide open for the nearest future. It is worth adding that the Q4 metrics of equity per share was 11% more than in the same quarter of 2023, but more than 5% weaker than the Q4 results in 2022. Signs of the wavering demand and possible impact from new import tariffs for materials may fade the upside momentum, so that the price range for the Home Depot may rather shift to the extended corridor between $350 and $440 at best, taking this peaking price of December 2024 into consideration.

More details are essential. The three-month period, which ended on February 2, actually consisted of 14 weeks versus 13 in the previous year, Home Depot officials commented, saying that it automatically provided a "roughly $2.5 billion" of extra sales. On a post-earnings conference call, Home Depot chief financial officer Richard McPhail noted they continue to see consumers' behaviour as being "very healthy", sharing his view that "we will grow our market share in any environment", while "we have likely reached the bottom of housing turnover", yet also adding that "we are neither expecting a big rebound, nor significant increases in new housing starts". Citing a cautious mood without a bulky or an immediate effect from the Federal Reserve's borrowing cost reductions, the Home Depot estimated its comparable sales for the next 52 week to grow by only 1% against Bloomberg analyst poll's higher consensus estimates of 1.65%, with a projected decline in adjusted diluted equity per share by approximately 2%.

Meanwhile, comparable sales for the last quarter, which the company CEOs said did not include the additional week, grew by 0.8%. The same pool of analysts anticipated a decline of 1.71%, so that the positive difference became a possible driver for the initial price spike this week. Again, the company increased its quarterly dividend by 2.2% to $2.30 per share after generating a solid free cash flow of $16.6 billion over the last year. The main question here is would the markets be able to transform this short-term momentum into mid-term trend. The Home Depot's rival Lowe's (LOW) which just reported its sales results on February 26, initially gained by more than 2.5% on slightly better than expected quarterly numbers but failed to maintain the initial rise in its share price as well. Market saturation may restrict further growth potential in the segment.

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Rafael Quintana Martinez

26.02.2025

Litecoin Is Recovering ahead of Spot LTC-ETF Introduction

Litecoin (LTC) is down 2.3% this week to $125.50, outperforming Bitcoin (BTC), which has fallen 7.0% to $88,928. Despite the sharp 17% decline earlier in the week, which pushed LTC to a low of $105.93, the token has largely recovered.

A major development for Litecoin is Canary Capital’s filing with the SEC for a spot LTC-ETF. Nasdaq has already assigned the ticker LTCC for the proposed fund. This signals potential institutional support, which could provide a strong long-term boost for the asset.

From a technical perspective, pullbacks to the $100.00 support level present an attractive buying opportunity, especially if broader market conditions stabilize.

LTCUSD

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