{ }
UBS has maintained a 'Buy' rating for FedEx, setting a target price of $311. Analyst Thomas Wadewitz noted that the anticipated spin-off of the freight business is expected to unlock significant value through a higher independent valuation, positively impacting the shares.
Bitcoin's recent crash, dropping 7% to $97,020, has triggered a significant sell-off across the cryptocurrency market, affecting Ethereum, XRP, Dogecoin, and Solana. This volatility resulted in $1.17 billion in liquidations, with Bitcoin alone accounting for $241 million, highlighting its dominant influence. As the market grapples with uncertainty, investors are left questioning the stability of major cryptocurrencies in the coming days.
UBS shares have experienced a notable decline, currently priced at CHF 26.73, reflecting a 5.73% loss over the month and a slight drop of 0.18% from the previous day. Despite this, the financial services giant remains a leading European bank with a market capitalization of €99.8 billion, trading 11.05% below its 52-week high but 22.39% above its low. Recent analyses indicate a pressing need for action among shareholders regarding their investment decisions.
Solana (SOL) has seen a significant decline, dropping over 13% this week and closing below the 200-day EMA support at $196. This downturn has resulted in $38 million in liquidations, primarily from long positions, and a more than 7% drop in Total Value Locked (TVL), raising concerns of a potential further decline. If resistance at $201.85 holds, SOL could retest support at $174.85, while a recovery above $201.8 may lead to a rally towards $230.
UBS has upgraded FedEx to a 'Buy' rating with a target price of $311, citing the anticipated spin-off of its freight business, which is expected to unlock significant value through a higher independent valuation. The lowered earnings hurdle for 2025 is also seen as beneficial for the stock.
Today, the crypto market faces $2.62 billion in expiring Bitcoin and Ethereum options, which could lead to significant volatility. Bitcoin options total $2.02 billion with a maximum pain price of $110,000, while Ethereum options are valued at $598.99 million, with a maximum pain price of $3,700. Traders should prepare for potential price movements as these expirations often influence market dynamics.
Bitcoin's price dropped to $92,118, marking its lowest since early December, following a record high of $108,364 earlier in the week. The decline is attributed to investor concerns over inflation and interest rate signals from the US Federal Reserve, prompting a shift towards safer investments. Meanwhile, the Swiss bond market remains stable as traders prepare for the new year, with minimal activity noted ahead of key US economic data releases.
The Australian stock market faces challenges, with the ASX200 down 1% and sectors like Discretionary and Financials declining, while Utilities and Energy show resilience. Amid this backdrop, promising small-cap stocks with strong fundamentals, such as BSP Financial Group, are emerging as potential investment opportunities. BSP operates across several Pacific nations, boasting a solid funding base and an attractive P/E ratio, despite recent earnings growth setbacks.
Solana is experiencing a bearish trend, currently priced at $217, following a 3% loss in the past 24 hours. Key support levels to watch are $210, $194, and $183.4, while resistance levels include $247 and $264.4. A significant rebound is anticipated if the price tests the ascending trendline established since September.
The SMI is lower in pre-market trading as US stock markets close little changed following an interest rate shock, with Micron weighing on the Nasdaq. The Chinese central bank maintained key interest rates amid economic challenges, while the Shanghai stock exchange rose 0.5%. Geopolitical uncertainties and policy shocks are expected to influence markets significantly in 2025, as highlighted by TD Securities' James Rossiter. The Chinese economy faces a real estate crisis, compounded by potential tariffs from US President-elect Donald Trump.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.