A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

Delta suffers following 5G disruption

Authored by TD Markets
20.01.2022
Stock Squawk
0
2 min

Yesterday’s Movers:

  • Plug Power Inc (PLUG) was down 8.06% following 2022 financial guidance
  • Ford Motor Company (F) was down 7.92% as 200k cars were recalled for faulty brake lights
  • XPeng Inc (XPEV) was down 7.44%
  • Moderna Inc (MRNA) was down 6.72% as a South African study shows that the COVID boosters don’t prevent Omicron infections.

Earnings Due:

StockSymbolAnnouncement dateRelease TimeEPS Estimate
American AirlinesAAL20/1/2022Estimated-$1.03
Netflix IncNFLX21/1/2022Post-Market$2.56
International Business Machines CorporationIBM24/1/2022Estimated$2.51
Microsoft CorporationMSFT25/1/2022Estimated$2.08

Stocks to watch:

Delta Air Lines Inc (DAL)

Airline stock took a tumble as 5G towers had to be placed on hold following reports that the radio signal is interfering with older aircraft instruments. The negative sentiment forced all airline stocks lower. As negitive sentiment crept into them market as investors try to contemplate the impact that flight cancelations might have on the airline industry.

Technically the chart is lining up well for a longer term short as price broke and closed below the 50 and 20 day moving averages. Given a break of the current support level, there should be more downside to the bottom of the larger daily channel that price is trading in following a rejection of the top of the channel.

Authored by TD Markets
20.01.2022
Stock Squawk
0
2 min
TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets