SP500 forecast for the week of February 3-7, 2020:
The Federal Reserve at its meeting decided to extend the program to stimulate the economy by 1 May. For the stock market is a positive signal, since it is the central banks actions always have a strong influence on the course of trading. Moreover, the coronavirus in China, forcing the Central Bank to undertake local incentives. The Government of China announced a cut in interest rates and reserve requirements by the Central Bank in the near future. Perhaps it will take place on Monday, February 3. This factor will provide additional support for the US stock market.
SP500 recommendation: Buy 32352/3220 and take profit 3290
Magnit forecast for the week of February 3-7, 2020:
On Thursday, February 6, the company will publish its financial results for the fourth quarter of 2019. Previously, the company's management said that December sales were the best in the last three years. Magnet stepped up not only sales, but also was able to increase the traffic in their stores. That traffic growth software has been one of the main challenges facing the new management company. Against this background, I look forward to the release of positive data that have a positive impact on the capitalization of Magneto.
Magnit recommendation: Buy 3701/3665 and take profit 3774
MasterCard forecast for the week of February 3-7, 2020:
MasterCard continues to make traders rapid growth of its shares. I recall that in 2019, the shares have risen in price by 55%, which is two times more than the index # SP500. Beginning this year, also goes to the "high note" - shares rose by 6%, which is six times better than the result of the index. It should be noted that this growth takes place not just so, and against the background of strong operating performance of the company. MasterCard each month increasing its revenues from transaction business. MasterCard is the growth of the company and the market loves these stories.
MasterCard recommendation: Buy 314/309 and take profit 321
Company analyst FreshForex