Weekly Investing Report - Week 47, 2018
September 25, 2018
Another rather disappointing week for most stock indexes. But if compared to cryptocurrencies the stock market performed pretty well! Bitcoin is down almost 11% last week.
I guess with cryptocurrencies this kind of instability is expected. So keep this in mind when reading the 2% loss of the S&P 500 index and -1.27% of NASDAQ Composite!
Generally technology stocks seem to have been quite poor performer overall. With Facebook continuing the down turn and having another -5% loss. On the other side of the spectrum is still Coca Cola - which continues it’s 52 week high. Probably it’s all those Santa Clauses popping up everywhere, spreading Coca Cola’s brand colors ;-)
So who have been the biggest winners and losers this week? Bombardier got a boost of 15.9% thanks to resolving some regulatory issues and rebounding from the previous week. One of the biggest losers is ethereum. I guess you can’t just grow in popularity forever, but as always with cryptocurrencies: Nobody really knows why this happened. Probably a general lack of trust in cryptocurrencies. So better stick to stocks, as there are at least analysts who try to rationalize market performances.
So what is on your watchlist?
What are your current ideas for stocks? Do you have more ways to come up with good investing opportunities? Let us know in the comments below!