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Stock Of The Week: Expert Opinion On What Stock To Watch

Experts share their opinions to help with your investment decisions.

Posted: 19th April 2022 by Finance Monthly
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Michael Kamerman, CEO of Skilling, shares his opinion on what stock you should buy this week.

Twitter

The Musk effect on markets is a trend we’ve increasingly seen over the past year and it’s no different with the recent news around Twitter.

Last week Elon Musk announced he was purchasing Twitter shares and joining the company’s Board of Directors and, despite the latter not materialising, Twitter’s share price surged.

However, as the news flow became less supportive, the price also retreated – proof that traders should never just follow the zeitgeist. In fact, if we look at Twitter, the app has consistently been outperformed by social media competitors such as Facebook.

Despite this, new additions such as CEO Parag Agrawal and the introduction of new premium services including Twitter Blue in the US, Canada, Australia and New Zealand will hopefully bring in more revenue for the app.

Whilst celebrities and magnates like Elon Musk make the headlines, increasing publicity around Twitter, it is crucial investors don’t rely on the noise. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Not investment advice.  

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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