Asian markets are in the green zone after tensions are averted away with American job report. One of the biggest companies in the world is under threat with shares losing.
Asian markets are in the green zone after tensions are averted away with American job report. One of the biggest companies in the world is under threat with shares losing.
Apple stock is going up – reasons?
This trading Monday has started very good for Apple. Their stock gained 3.37 points or 1.8 percent and went up to the $190.24 per share. Of course Apple are no strangers to the gaining shares as this American company was named the most profitable company in the world for the eighth year in a row but even with this performance no one can say that Apple never experienced losses. And that is why it is very important to stay very close to their news this week.
Together with the conference Apple have a lot going for them. While their decision to turn to their own production of microchips was welcomed by the markets, it may all turn Apple shares into the red zone – again if the idea turns out as unsuccessful one. For now the mood is very hopeful as the members of the conference are only waiting for the main event. People around the world are going to be watching closely as well so the reaction after the unveiling will surely be immediate.
Disney shares fell lower than $100 per share.
Would be quite logical to think that after the success that was brought to Disney by the latest Avengers movie (Marvel Cinematic Universe is also owned by Disney) would reflect on the shares prices. But seems even that wasn’t enough. Since the beginning of 2018 Disney shares lost 7 percent. The most problematic topic for Disney right now are ESPN performance and FOX News take over. Disney also suffered because of the cancellation of ‘Roseanne’ reboot after the actress who played the main part published a racist tweet in the personal account. But the seems that the biggest hit was caused by the failure of “Solo” movie.
“Solo” became one of the biggest flops for Disney do far this year. Together with that came a law suit from the family of the late Michael Jackson. The Jacksons are suing the conglomerate for the unlawful use f one of Michael’s songs. At the same time it seems that the biggest bet was placed by Disney on Star Wars franchise at all the wrong time with people losing interest in the movies after seeing to much of them lately. But is it only the problem for Disney? Those who follow media stocks closely may have noticed that Netflix was for a short period of time the company with the biggest market cap in the industry. Seems that that is the perfect representation of what is really going on in the market. Although people are still going to the movies and buy merchandise, a lot of big celebrities have turned from the big screen to the TV series and even to Amazon and Netflix projects. And that is bad for companies like Disney, which still bet on the big screen projects. TV channels are not as popular as they used to be with spectators going for a quick YouTube video instead of a whole blown program.
It seems that until Disney reinvent themselves and start going together with the time their shares will only go lower and lower.
USD/RUB – what is the forecast?
The growth was almost surely due to the declaration made by Trump in the beginning of the spring. American leader said that his meeting with Putin was coming very soon. And that was it. Ruble started to gain strength amidst the hopes of the officials. But now with spring over and no meeting in sight hopes for the currency might fade. Putin even went as far as to say that the summit was too much for now and that it is not going to take place in the foreseeable future.
Of course, right now ruble is suspended on believes of the Russian people in their leader. But international situation and world economy are that much stronger and although Russian national currency in on the rise right now, there is no guarantee that after the market wrap in Moscow it will still be stable.