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Amazon reached a record amount of net profit

Amazon's net profit during the crisis was higher than the total profit for the previous three years. According to the results of the 12-month period ended on March 31, it reached $26.9 billion. At the same time, the company's total net profit for the period from 2017 to 2019, inclusive, amounted to $24.7 billion. In the 1-st quarter of this year, Amazon's net income more than tripled year-on-year to $8.1 billion, or $15.79 cents per share. Revenue reached $108.5 billion, which is 44% more than in the corresponding quarter of the previous year. 

The company expects that in the 2nd quarter, revenue will exceed the amount of $100 billion for the third time in a row. It will be in the range of $110 billion to $116 billion. Thus, the indicator will show an increase of 24-30% in relation to the volume of revenue in the second quarter of last year. Amazon's market cap has increased to $1.74 trillion, or 47%, over the past 12 months. After the release of the report, the company's securities began to grow in price.

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Cryptocurrency Litecoin LTC/USD forecast for May 9, 2021
Litecoin  LTC/USD is trading at $329.88. The cryptocurrency quotes are trading above the level of the moving average with a period of 55. This indicates the presence of a bullish trend for Litecoin. At the moment, the cryptocurrency quotes are moving near the upper limit of the Bollinger Bands indicator bands. Cryptocurrency Litecoin LTC/USD forecast for May 9, 2021As part of the Litecoin exchange rate forecast, a test of the $321.50 level is expected. Where to expect an attempt to continue the growth of LTC/USD and further development of the upward trend. The target of this movement is the area near the level of $364.20. The conservative area for Litecoin purchases is located near the lower border of the Bollinger Bands indicator at the level of $248.20. Litecoin, 1D, Trader TradWheel Cryptocurrency Litecoin LTC/USD signal for May 9, 2021 The cancellation of the option to continue the growth of the Litecoin rate will be a breakdown of the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of the pair's quotes below the area of $246.50. This will indicate a change in the current trend in favor of a bearish one for LTC/USD. In the event of a breakdown of the upper limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.Cryptocurrency Litecoin LTC/USD forecast for today, May 9, 2021 suggests a test of the level of 321.50. Further growth is expected to continue in the area above the level of $364.20. The conservative purchase zone is located near the area of $248.20. The cancellation of the growth option of the cryptocurrency will be a breakdown of the level of $246.50. In this case, we should expect the fall to continue.
08.05.2021 Avatar TradWheel Read
US Federal Reserve do not expect a sharp increase in inflation
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06.05.2021 Avatar TradWheel Read
Silver grows 18 times faster than Gold
The growth of Silver over the past year has 18 times exceeded the rate of Gold price appreciation.Demand for Silver may rise to a six-year high this year amid increased industrial use of the precious metal and rising inflation.Over the past 12 months, Gold has risen by 4.3%, while prices have fallen by 6.5% since the beginning of this year. Silver has gained 78% in price over the year. This is the best indicator among precious metals (Palladium +60%, Platinum +59%).Since November, investors have been steadily reducing their investments in Gold ETFs (Exchange-Traded Funds). The volume of investments has fallen to about the same level as it was a year ago. However, in the case of silver, the situation is different: over the year, investments in Silver ETFs increased by a third.Global demand for Silver in 2021 will grow by 11% to 1.025 billion ounces, the Silver Institute predicts. The main driver of growth will be the improvement of the macroeconomic indicators of the world economy. Demand for physical Silver could rise to a six-year high of 257 million ounces.The company Heraeus Precious Metals recently published an analytical review, which notes that silver will show a better return in percentage terms this year than Gold.The rise in Silver prices will be supported by inflation and industrial demand, as the global economy gradually recovers from the effects of the spread of Covid-19. The precious metal is in demand in the electronics sector, as well as in the production of solar panels.In addition, precious metals are an excellent means of protecting your savings from inflation, especially during a crisis. In case of growing concerns about further acceleration of inflation, the demand for silver as a protective asset from investors will increase.
05.05.2021 Avatar TradWheel Read
US Dollar may rise in favorable May
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04.05.2021 Avatar TradWheel Read
Index PMI rose to 62.9 points in April
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03.05.2021 Avatar TradWheel Read
US futures foreshadow positive trading on Wall Street on May 3, 2021
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03.05.2021 Avatar TradWheel Read
Shares of Facebook rose almost 8% after the report
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30.04.2021 Avatar TradWheel Read
Oil prices decline moderately
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26.04.2021 Avatar TradWheel Read
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