28 May Watchlist 👀
Today we are watching…
1. Momo Adr (#momo-adr)
Chinese Gaming company, Momo, is ready to post its earnings today and analysts are cautiously optimistic about its chances of beating estimates. A number of innovative products, such as its pengiun gift card, and expansion into karaoke and short videos are likely to drive a strong performance for this quarter. Moreover, its improved interactive tools and the acquisition of Tantan are forecast to impact positively on the company’s margins and user growth rates this year. Keep an eye on this one!
2. Bitcoin (#btcusd)
Bitcoin recorded another sizable surge over the weekend as crypto bulls stampeded back into their favourite digital assets. The surge was the result of a technical breakout through what is known as an ascending triangle formation, characterised by a flat top and series of higher lows that show building bullish momentum towards a breakout. BTC/USD spiked roughly 10% to reach a new high just below the $9,000 mark. Analysts are forecasting more gains for Bitcoin as it moves towards the $10,000 level, but also growing cautious about the possibility of a sizable correction.
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.