• Metadoro
  • Products
  • News and analysis

News and analysis

Check market insights shared by our community members
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.

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.

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.

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.

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/
BNB Is Struggling ahead of CZ Release

Binance Coin (BNB) is losing 3.7% to $541.54 this week, underperforming a broader market. Bitcoin (BTC) is losing 0.7% to $59,064. But from a broader perspective BNB performance is seen positive. The token rose by 2.05 in September and is close to its highs during the last six months.

BNB is traded between $500 and $600 after detention of ex Binance CEO Changpeng Zhao, aka CZ in May. Only strong market movements pushed prices outside this range. His sentence will end on September 29. Some crypto enthusiasts believe that this is a positive signal for the BNB, while others see risks of further lawsuits against CZ and new losses for the Binance network.

4174
Apple & Its Suppliers Lose 2% to 7% of Their Market Values

Analysts at TF International Securities Group, headquartered in Hong Kong and offering a broad range of investment-related services, freshly sent a cautious note to its customers on weaker demand for the newest iPhone 16 Pro series. This highlighted the fragility of the whole segment so that Apple itself immediately slipped by nearly 2.8% in only one trading session on September 16, while iPhone components' suppliers as well as biggest assembler plants owners fell off and hurt even more badly.

Here are a few examples. Qorvo (QRVO), a 9.5 billion manufacturer of products for wireless, wired, and power markets, dropped by 6.68% to its 3-month lows. A smaller Cirrus Logic (CRUS) that specializes in analog and audio digital signal processing integrated circuits initially lost more than 10% intraday but later recovered to only a 6% shortage compared to the previous week's closing price. Skyworks Solutions (SWKS) hit the brake lights after wasting 5% of its nearly 15 billion of market caps to retest its price lows for August. Apple's bigger partners were more moderate in their price response to the news, yet Micron Technology (MU) lost another 4.4% in addition to its 40% correction since mid-June, when Taiwan Semiconductors (TSM) and Broadcom (AVGO) quite reluctantly shown smaller 2% decline from their high attitudes.

TF International Securities estimate said that pre-orders for the iPhone 16 totalled about 37 million units in the first weekend after the release, as much as 12.7% lower from the iPhone 15 level in the same period of its launching in 2023. The growing competition in China has been cited, of course, but also complemented by the current unavailability of Apple Intelligence feature for the iPhone 16 Pro, a major option which supposes to ignite iPhone fans' determination to buy the gadget.

The clarifying remark in the TF International Securities report was that "given the staggered launch of both Apple Intelligence across geographies and AI features... the mix data set is logical – Pro Max is modestly weaker vs. iPhone 15, Pro models are doing fairly well notably in China where they are competing with Huawei's new Mate X product". Beside this, iPhone 16 Pro demand will be potentially better in the U.S and U.K. as Apple Intelligence features are going to be more quickly available there. Higher sales may be finally achieved but delayed in other parts of the world, even though the whole iPhone 16 cycle could be successful further.

When strongly bullish positioning in Broadcom is hardly in jeopardy, Apple itself and its inner business circle may temporarily fall out of the crowd's favour. No one has cancelled a commonly used "buying dips" strategy for these stocks, especially concerning Apple, but it may be postponed at least for one or two weeks. A gradual rise in iPhone sales is rather expected as Apple Intelligence would be available for a rising number of its potential users. If so, $250+ target area for Apple stock is still on the table, but touching support levels between $200 and $210 before that is highly likely. Shares of other listed smaller firms may also face short-term challenges this autumn.

3146
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/
The Yen Is Losing Momentum

The USDJPY has been on a notable decline, falling by 4.4% so far in September after experiencing a 2.4% drop in August. This downtrend has brought the pair to its lowest levels since July 2023. Historically, USDJPY has tended to rise in September, making this year's performance an anomaly. However, the pair has recently broken through the resistance of its downtrend, which could signal a potential for recovery.

From a technical perspective, the ideal zone for opening long trades is around the 139.000-141.000 range, where a strong support level lies. If this support holds, the pair could potentially rebound toward an upside target of 150.000-152.000, representing a possible gain of 7.0-8.0%.

2475
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/
Litecoin Is Struggling to Surpass $70.00

Litecoin (LTC) is experiencing a minor decline, down by 1.05% to $63.20 this week, following a brief recovery from $62.27 earlier on Monday. The price has faced resistance at the $70.00 level, marking the fourth failed attempt to break through this resistance in the last six weeks. Despite the price struggle, whale accumulation and heightened social media activity around the project have been increasing, signaling strong community interest.

From a technical analysis perspective, Litecoin's primary scenario points towards a potential rise back to the $70.00 mark. However, this bullish outcome is likely contingent on broader market conditions, particularly the performance of Bitcoin (BTC). If BTC prices surpass $60,000, it could provide the momentum needed for LTC to rally and break through the resistance level.

3395
93

Join our community

Share your professional and amateur observations, exchange experiences, anticipate developments

Category
All
Stocks
Crypto
Etf
Commodities
Indices
Currencies
Energies
Metals
Instruments
Author
All
Metadoro
Contributors