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How many downsides can AT&T handle?

Authored by ZanderVanDerMerwe
0
2 min

Yesterday’s movers:

  • MRNA was down 13.49% yesterday following news with regards to the Omicron variant that was released by the South African Medical Research Council 
  • BABA was up 10.40% yesterday as the Chinese tech giant announced a new CFO to come into effect in 2022.
  • ATHM was up 10.38% yesterday 
  • ABNB was up 8.46% yesterday as Omicron fears start to fade 

Stocks to watch 

AT&T Inc. (T) 

Despite the recent retracement that the mobile carrier experienced, congress might have fired more shots as 30 members found issues with Warner Media to Discovery Inc, wanting the antitrust regulators to investigate the deal.

Slipping to the lowest point its been since the Global Financial Crisis more than a decade ago, Communication chief Jeff McElfresh did raise concerns during a presentation to Wells Fargo pointing out that possible concerns for 2022’s outlook might be concerning given the subscriber growth it has experienced over the last 5 quarters.

Technically the downtrend is still well intact as the hour chart shows no current signs of changing direction. The retracement we got back to the daily 20 moving average gives an indication that we may very well get a continuation back lower to the $21 level over the coming weeks.

Authored by ZanderVanDerMerwe
0
2 min
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