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05.10.2022 11:47

Intel and Carnival: what to trade this week?



เรียนลูกค้าและพันธมิตรที่เคารพ!

Intel and Carnival: what to trade this week? Wall Street ended September with a global decline due to concerns about rising interest rates, soaring inflation and slowing economic growth. We suggest you buy one share and sell the second, but both transactions can give a good profit.Major indices are in a negative trend for the third week in a row: Dow Jones Industrial Average fell 2.9%, S&P500 lost 2.8%, and Nasdaq Composite lost 2.7%. Markets continue to analyze the Fed's aggressive plans to tighten monetary policy, so the focus of market speculators is shifted to the next NFP report. For those who are not ready to take risks, there are quieter options.Intel (NASDAQ: INTC)Despite the downtrend, these securities can be bought short-term ahead of Mobileye's IPO. Intel's Mobileye division, which makes key chips and processors for autonomous vehicles, has filed for an initial public offering, according to a statement from the SEC.The Intel-owned company is seeking to list its shares on the Nasdaq under the ticker symbol MBLY. Although the filing does not include target prices for the shares or the number of shares, Intel may request a $30 billion valuation of Mobileye to launch the IPO.On speculative growth, the first target can be found in zone $65, and then the situation will depend on the fundamental background.Carnival (NYSE: CCL)A large tour operator presented financial results for the 3rd quarter, much worse than the forecast. Carnival has posted a consistent quarterly loss for over two years. A serious negative factor for the company is its huge debt burden  Carnival has a debt of approximately $34 billion in the 2nd quarter of this year and it is chronically short of operational financial resources.CCL stock last Friday closed at $7.03, the lowest since October 15, 1992. We believe that the fall resource has not been exhausted and this asset will have another difficult week ahead. The downside potential is to zone $6.006.30, from where a medium-term correction may begin.Profits to yall!

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