And who would have thought that? Italian customers of eToro platform, i.e. 6% of the network of 30 million investors who share knowledge and strategies, focused on the Chinese XPeng, the serial number of the electric car above bmw e Mercedes Benz. It is not the only surprising indication to read the data of the last quarter, one of the most contrasted and difficult for the population of "do-it-yourself" savers, less strong than those who rely on managed savings, but capable of withstanding the storms that they never end. Today, after the improvement of the last few days, selling prevails on the stock exchanges pending the next decisions of the Fed. And market rates are starting to rise again: spread at 236, the yield of the ten-year BTP rises to 4,34%, still far from the highs (4,9%) of last week.
Purchases of oil and mining stocks are growing
In short, the rally is already over, but this doesn't seem to frighten an audience of more than one and a half million aficionados who have decided to invest in stock markets, mostly with a medium to long-term horizon. An army that looks to the US market, but doesn't disdain Asia. Faithful to the call of Tesla, Amazon and Apple but which does not disdain to invest in the most innovative companies, such as Exela Technologies o Adobe rather than focusing on the recovery of more targeted securities such as Fed Ex. the energy e mining industry".
Solar energy companies lose, while big tech continues to dominate
Environmental protection is losing appeal, as demonstrated by the parable of some solar energy companies, four of which ended up in the top positions of the list of rebates. Some retail investors seem to favor income and growth over growth today sustainability. Confidence remains high in established tech titans like Amazon and Microsoft. “Do-it-yourself investors – continues Debach – demonstrate that they are not abandoning technology, but increasingly focusing on the profits and cash flows of companies today rather than on the promises of riskier growth tomorrow. There is clearly a feeling that these tech giants, with their high profit margins and fortified balance sheets, can weather any recession”.
Musk relaunches Twitter's purchase offer and the stock flies on Wall Street
Too bad that this army, which has always been a faithful ally of Tesla, has in a certain sense been betrayed by Elon Musk on the front of Twitter, the social network that has been rising and falling since last April on the wave of Elon Musk's manoeuvres. The multi-billionaire, after withdrawing the $44 billion offer causing the company's shares to plummet, he backtracked. The lawyers have convinced Tesla's number one that on October 14 the Delaware judges would reject the objections raised to cancel the agreement and accept the company's appeal, imposing heavy penalties on top of that. And so Musk, making the best of a bad luck, decided to honor the spring offer, making the prices explode with an astonishing +22%.
Who has gained?
Definitely the old foxes of Wall Street like Carl Icahn. The more than eighty-year-old pirate of the list, protagonist of a thousand climbs. According to the Wall Street Journal, the financier (fresh from a foray into Netflix) bought Twitter shares for less than $30 each in the last two months to sell them yesterday at $54.20. The profit? More or less 200 million dollars according to the newspaper. So much for the recession.
Conversely, eToro savers in recent months have sold Twitter (-15%) in line with Musk's choices. Looking forward to taking revenge on the Chinese electric cars.
