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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.

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.

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/
EOS Seen Recovering to $0.5500

EOS is down 2.5% this week, trading at $0.4600, mirroring Bitcoin's (BTC) 1.8% decline to $61,048. EOS is hovering near a key 10-week support level. Should prices fall below $0.4500, there is a risk of a further decline toward $0.3000. However, the baseline scenario suggests a recovery toward $0.5000-0.5500, provided that Bitcoin stages a solid rally.

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Price Targets for Netflix Are Higher

As a long-time advocate of holding Netflix stock until the asset reaches my minimal target of $800 at least, I also pointed out that my favourite streaming giant was strongly underestimated in mid-summer. I plotted an almost perfect trajectory of the further price moves, using a coloured wide arrow on Netflix chart to highlight a possible bottom area around $600, followed by a big bounce above $675. An actual low at $587 per share was indicated in the first week of August, when many mega caps were submerged by a broad retracement in the tech segment. I am happy to turn your kind attention to Netflix again, as it surges to new historical highs, now above $728.

Meanwhile, JPMorgan reiterated its Overweight rating on Netflix stock this week again, keeping its price target of $750, underlining multi-year free cash flow increase and projecting sales growth of 12% and operating income growth of 18% for the years 2025 and 2026 due to "higher profit margins and disciplined cash content management", and continuous operating margin expansion, even as the company keeps investing in diverse content library, advertising, and gaming initiatives. TD Cowen's investment management division freshly raised its price target for Netflix to $820 with a Buy rating, citing an anticipated increase in paid net member additions and its rising potential for improved monetization, predicting that advertising may represent 13% of Netflix's total revenue in 5 years. Piper Sandler upgraded Netflix stock from Neutral to Overweight, and the most sceptical Barclays downgraded the firm from Equalweight to Underweight, which still means more price increase around the corner.

The robust performance crowns a more than 90% increase in the market value of Netflix for the previous 12 months, including a 21.3% contribution when counting from the latter milestone of $600. The fundamental basis under the trend lies in raising the company's inner forecast on its revenue growth for the whole year of 2024 from solid 14% to even better 14.5%, with expectations of quarterly profits well above $5 per share in next week's announcement on October 17, compared to $4.88 in Q2 2024 and $3.73 in the same season of 2023. The net profit in April-June of 2024 increased by 44% to $2.15 billion from $1.49 billion only one year before, because of getting more money from legalised password sharing procedures. Even if Netflix's trek up the hill would not be so straight after the night of October 17th (in the way it was interrupted by waves of partial profit-taking in April and July), I bet that the road will gradually lead it up to the top anyway.

Reducing the woke message voice in new Netflix shows helped to attract more viewers outside the US and Europe. As of the end of June, Netflix had 227.65 million paid subscribers all over the world vs nearly 154 million customers of its major Disney+ rival. While waiting for the next season of Avatar: The Last Airbender blockbuster, the family audience enjoys the Garfield Movie. After making its theatrical debut in May, a new part of the world-famous story of a Monday-hating and lasagne-loving indoor cat was premiered on Netflix as part of the streamer's exclusive "pay 1 window" rights deal with Sony Pictures. Potential price hike for loyal viewers in 2025 or 2026 may offer new hopes for shareholders in the financial sense. Again, JPMorgan is mentioning high user engagement averaging around two hours per day and Netflix' world dominance in a potential of tapping into the over 500 million global connected TV households outside of Russia and China".

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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/
ETC Is Struggling to Build Its Upside Momentum

Ethereum Classic (ETC) is down 1.5% this week, trading at $18.36 and underperforming the broader cryptocurrency market. In contrast, Bitcoin (BTC) is trading neutrally at $62,100. ETC has been in a sideways trend for the past two months, repeatedly attempting to break through the key resistance level of $20.00. However, both previous efforts to climb above this resistance were unsuccessful.

A third attempt to break the trend resistance matching with horizontal resistance at $20.00 appears likely in December. The ongoing "Uptober" trend, traditionally marked by strong crypto market performance, could provide the necessary momentum for a broader market rally, potentially accelerating ETC’s push toward the $20.00 mark this month. A breakout above this level could set the stage for a more sustained upside move.

3406
Thirsty for More

Shares of the global soda and snacks' supplier initially slid by 1.2% in the pre-market trading on Tuesday, as the most immediate response to the giant's Q3 earnings report. Mixed numbers included a negligible gain of $0.02 compared to the average estimate of $2.29 for the company's profit per share, while total sales for the quarter came out at nearly 2.4%, or $0.58 billion lower vs consensus expectations of $23.90 billion. Subdued category performance trends in North America like continued impacts related to certain recalls at Quaker Foods and business disruptions "due to rising geopolitical tensions in certain international markets" were cited.

It actually meant a penny-size decline within 0.5% YoY, but a 3.6% surplus QoQ in PepsiCo's revenue which kept this gross output measure in the upward trending flow to emphasize the stable demand for the company's product lineups. The company's own guidance for the rest of 2024 is sweet enough to see its annual equity per share (EPS) at $8.15, in line with consensus number of $8.14, for at least 8% core constant currency growth, with a "low-single-digit increase" for its full-year organic revenue outlook, after the company's previously more precise forecast of approximately 4%. Meanwhile, the quarterly profit indications reached a new record. Counterpointing slower rise in revenue, thanks to tightly managing costs, this puts a nest egg for the higher valuation of PepsiCo by stock investors in the future, if most of the crowd are feeling rather reluctant to buy it at the particular moment.

As a result, no damage to PepsiCo's market cap remained at the time when the opening bell for a regular session started ringing on Wall Street. And the price even added 0.75% half an hour later. The same screenplay we had already described three months ago, and which has been once implemented for PepsiCo after July 11's previous quarterly release, is now poised to repeat. Its share price dipped below $160 on that day and then climbed to above $180.

The only two visible differences, which may postpone similar effects during the next couple of months, are now on charts. The first limit for immediate price growth is a recent double retest of a $180 resistance line in September. Another one is some higher range for PepsiCo quotes, between $165 and $168.50 in the last few days, vs its $160+ levels in early July before the launch of its previous ascending cycle. Thus, another check out of the lower area between $160 and $165 cannot be ruled out before the bulls would be properly involved in their job. They could be ready to wait a little more or may be too lazy to rise up now, yet most of PepsiCo investors are still thirsty for more. A range from $195 to $200 may be considered as the next target area in case of a possible move above $180.

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