Like any day on the stock market, companies move rather rapidly and it can be difficult to follow. That’s why most traders and investors stick to a few familiar stocks they can keep track of and analyze. However, that means they squander a lot of instant earning potential by not keeping track of leaping stocks.
Our report for today will include a few options that you may want to include in your asset library. Of course, since these have already moved, you’ll have to do a bit of analysis work. Will they continue on their trajectory or bounce back to their previous values? We’ll leave that part up to you.
Without further delay, Netflix, the prominent streaming giant, is our first entry. Its stock has moved 0.6% and is likely to grow further due to a positive Bloomberg report. After a string of disasterous news, Netflix shared the possibility of its ad tier costing between $7 and $9. Will the low price be enough to counter the fact that it’s introducing ads and charging family sharing, a fairly crucial feature?
Next, we’ll move to another well-known company, Etsy. The arts-and-crafts buying and selling website inched up after some cybersecurity news. From now, US sellers will need to verify their bank accounts or share their login info with Plaid, a fintech company. That will likely lead to a safety incline and has led to a 0.3% stock rise for the company.
Following that, we have a group of stocks rather than a single company. We’re shining a spotlight on oil firms, such as Exxon Mobil, Marathon Oil, Occidental, and Diamondback Energy. They have risen between 2.3% and 4% following an oil price hike.
We’ll end our recap with the biggest value change of 14.7%. Chinese e-commerce giant Pinduoduo says a consumer sentiment improvement helped it outperform predictions.