Equites report: Indexes keep downward trend

Major US stock markets ended Tuesday in red territory, following up on a trend that has been ongoing since the start of the year. With the trend continuing to be downwards, it could be possible that investors and market participants are moving away from stocks and are using their funds towards other investments, in these first months of 2022. Since the geopolitical tensions in Ukraine are holding up and possibly creating fears over global economic impact, investors following the stock markets may continue to be in search for a more cautious strategy, at this point. In this report we will be detailing some stock market movers from the past sessions, yet the overall sentiment as noted remains gloomy. 

Airbnb assists Ukrainians with its services 

Airbnb, Inc. the global platform that connects hosts and guests online or through mobile devices to book spaces and experiences around the world, gained attraction on Tuesday finishing the session positive by +8.01% and trading at $142.13. Airbnb’s initiative to support people during the very difficult moments in Ukraine, seems to favor its position among investors. On Tuesday Airbnb headed the Nasdaq list of gainers. In the past days, various media sites confirmed Airbnb offered to provide shelter to 100K refugees for free in rentals listed on its platforms in countries nearby Ukraine. The swarm of refugees from Ukraine seems to be creating increased worries for European nations now, as they will need to find a way to provide for these people. This matter could possibly stay with us for the following days, yet Airbnb seems to be willing to provide housing that could ease the challenges created. On the other hand, it was also announced that Airbnb will be removing its services from Russia and Belarus. Airbnb’s 52-week price range is between $129.71 and $215.49, while its year to date performance stands at -14.63%.

Netflix can make changes as competition drags on

Netflix, Inc. (#NFLX) the subscription video streaming entertainment service, followed the market downwards on Tuesday leaving behind -2.43% and closed the session trading at $341.76. This movement forced Netflix’s share price to a new yearly low price. An interesting report by Seeking Alpha released in the past days, implied Netflix Inc (#NFLX) does not cross out using adverts through its platform in the near future. The conversation seems to be valid considering the tough competition the industry is facing now. In its most recent Earnings results for Q4 2021, Netflix showed how a number of its series and movies had managed to be at the top of the list of Google searches for the year. This also confirms that Netflix is investing a serious amount of money to be able to display these movies on its platform. However, for a streaming service to continue to be in demand it needs to continue to invest in new and quality content. Advertising has been a great provider for companies like Google (#GOOG) and Meta Platforms, Inc (#FB) in the past two years, thus it could make sense financially for Netflix. Yet at the same time, advertisements could agitate some of its users as a risk to keep in mind. However, as Netflix’s Chief Financial Officer Spencer Neumann stated, “never say never.” Other big names in the live streaming business, like Disney’s Disney+ can also be putting pressure on Netflix with new products. Netflix’s 52-week price range is between $341.76 and $700.99, while its year to date performance stands at -43.27%.

Caterpillar gains and heads the Dow

On Tuesday, the most notable move to the upside for the Dow Jones was carried out by Caterpillar Inc. (#CAT).  The major manufacturer of construction and mining equipment gained +6.76% and traded at $210.00 upon the closing. The current geopolitical tensions taking place in Ukraine may not be a positive sign for the company that manufactures mining equipment. Russia’s mining materials could be banned from international trade and especially Europe and the US possibly lessening demand for Caterpillar’s equipment. However, with the pandemic moving out of the picture, manufacturing and heavy-duty activities around the world could be on the rise, which seems to create an edge for a company that specializes in this field. According to the company’s Q4 2021 results, quarterly sales and revenues rose by 23% while its full-year sales and revenues were up 22%, indicating the firm has already been in positive territory for a considerable amount of time. Caterpillar’s 52-week price range is between $179.67 and $246.69, while its year to date performance stands at +1.58%.

テクニカル分析

#CAT H1

In March Caterpillar’s share has been on the rise and has opened the past few daily sessions with positive gaps. In the most recent daily session, we can see a very clear attempt of the (R1) 215.00 resistance level, yet the price action returned lower. If the upward momentum is extended, then higher we note the (R2) 223.45 level which was a resistance tested previously in January before the price action moved higher to test the (R3) 230.00 line. Please note the (R3) remains the highest level reached by CAT since June 2021, making it a 2022 high. However, if the sellers are to re-claim the momentum and take back the ground gained, the (S1) 205.50 support line could be tested first. Even lower the (S2) 196.50 line could also become a target as it was tested various times in the current year.  Finally, the (S3) 190.75 hurdle is our lowest support level and can be used in an intense selling strategy scenario. The RSI indicator below our chart remains above the 50 level, allowing us to keep a bullish outlook for Caterpillar’s share at this moment.

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