Saturday, May 25, 2024

JETS, Disney, Block, and Bitcoin are among the best stocks, cryptos, and ETFs to keep an eye on.

During November, Global Jets ETF went down to the mid-20s. Omicron news hit the headlines two weeks later. On December 20, the fund was at its lowest in 13 months. Bouncing into Christmas, it reversed 50 days, moving average resistant data point last week. It is likely to make a third entry at this important level. The odds are high that a breakdown will stretch the July 2020 supporting point somewhere near 15-16. It presents a less risky buying opportunity after the fast-moving Omicron variant infection has generated sufficient herd immunity.

Other Stocks at Play

This week will see the full display of the January Effect, potentially pushing up several losers of 2021 at the start of this yearly phenomenon. Walt Disney is a strong contender in this category, going down in the performance list of Dow with a yearly 15% loss. If you do not mind higher risk, go for the earlier favorite Block Inc., earlier called Square. It hammered its shareholders, declining to its lowest of 14 months with a yearly 26% loss. Walgreens Boots Alliance started its January earnings at the pre-market of the first day. It reported 2022 Q1 results. Investors expect this pharmacy chain to post revenue of $32.7 billion with a $1.32/share profit.

Bitcoin Coming into Favor

Bitcoin is once again becoming a favorite of buyers. It can make intermediate profits with unsold bounce. The most sought-after cryptocurrency has been getting support for the last five weeks at 46,000. It lost two bounces above 51,000, creating a pattern that shows a breakout, heading for a short squeeze to 58,000. Profit-taking aggressively is advised due to long-term sell cycles currently in place.

The performance of banking stocks has been excellent in 2021. They are expected to give better results in 2022.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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