Telecommunications is a term associated with technologies. These technologies include such luxuries like cell phones, land lines, satellite phones, radio stations, and television networks. The majority of people in the world can not live without these telecommunications, so much as to people who are having money issues are more likely to give up other luxuries such as buying name brand clothing, eating out at restaurants, or purchasing “play toys” like boats or motorcycles in order for the family to be able to use their cell phones at any point in time, and have 24/7 access to television. There is an extensive need of telecommunications specifically in the field of cell phones where everybody is using more of cell phones instead of the traditional landlines.Mobile phones companies have had a great amount of success with the booming industry. Some companies have made their money through charging unrealistic amounts to customers for unnecessary services and others have made money through having an extremely large customer base because of good services. Cellular phones companies have figured out how to keep new entrants down because of the high cost to start-up a new cell phone company in an area which already has three or four cell phone companies established in the area. This low entrant status has given the existing companies the chance to charge what ever price they want to customers.To be competitive in the cell phone industry, a company must be able to integrate new ways of making the customer feel that they are getting more than what they pay for. Many companies have offered a select number of calling plans. There are many cell phone plans from many different providers. Not all plans will be the same from country-to-country, state-to-state. The United States might charge more in bigger cities than in smaller towns. The United States might also charge more than say any of the European countries because the United States is much larger and has more people. Customers should be aware of what the company is charging the customer and what features and services are offered for free and which are an additional cost to the plan.Cellular phone companies have issues in the telecommunications industry. Some companies have had problems with particular producers and the specific products the companies want from the producers and that company not being able to get the product they requested. Other companies have had issues with people hacking into their systems and stealing information about customers and what websites they view on their internet capable phones. One company in particular is fighting against some hackers that stole their customer’s e-mail addresses of one of the company’s popular product. But even though the company has had issues with their products, the company has still managed to do impeccably well, inventing new products in other industries of the telecommunications world, considering the hack of email addresses could have been a major down set for the company.All in all, cell phone companies have done tremendously well in the telecommunications industry. Although some companies have had to struggle through some bad times, most cell phone companies have gained a competitive advantage in the industry. Their competitive advantage is enough to make others not want to start their own company but to purchase from these successful companies. Cell phone usage is through the roof and will probably continue to rise with newer technologies coming out every single day. Telecommunications is part of people’s everyday lives and people will not be less willing to give it up with the world becoming more and more technologically advanced.
S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows
Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.
The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.
Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.
Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.
Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.
From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.
S&P 500 Tests Resistance At 3730
S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.
If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.
On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.
Why Yahoo Finance Is The Best Financial Website
Yahoo Finance is the best free solution for analytical Finance data on the internet. When I was a young Investment Banker, I used to use Yahoo Finance all the time to check on daily stock prices. It is absolutely great for young poor college professionals who don’t have much money and would like to learn more about Finance. If you cannot afford expensive data services like Bloomberg and still want to conduct basic financial analysis, then Yahoo Finance is for you.Yahoo Finance can totally help you with many different tasks. You can get all the latest news on companies that you are interested in. Simply punch in the company’s ticker and get all the latest information about that particular company. It even works for mutual and index funds. If you are looking to study macroeconomic data or country specific currency data, Yahoo Finance can provide you with exchange rate data as well.If you are looking to do financial modeling, you can get excellent historical data on Yahoo Finance about any company or mutual fund you choose. Then you can download the data in csv format to use with any spreadsheet program of your choice. This is a wonderful feature because it provides you with the very raw data you need to make a price graph. Then, you can use the graph to figure out future price movements, trends and shapes. This is incredible for any up and coming technical analyst.Because Yahoo is strong in a lot of different countries around the world, you can even access international data concerning many emerging economies. So, if you are studying Asian or South American economies, you can now get good reliable data about these countries as well. Also, get historical currency exchange rate data that can be of great help when charting forex graphs and predicting prices.The best feature in Yahoo Finance is the ability to create your own mock portfolios. You can now pick companies that you think will do well and create your own portfolio. Then, you can see if you would have made money using those decisions. You can buy and sell as many shares that you want depending on chosen price points.You even get customized news alerts for the companies in your portfolio. I would recommend that you create as many portfolios as possible to learn as much as you can about different types of investments. This is also an excellent learning tool for those people who are looking to learn more about the stock market.Yahoo Finance can be an absolute boon for anyone wanting to start out in Finance. If you are looking to learn how to go about conducting yourself in the market, then getting to learn the ropes is a breeze on Yahoo Finance. I would recommend the site to any newbie. It is truly an excellent offering from Yahoo and it comes at a great price: free. So go ahead and register yourself, get your own user name and password and you can be off on your own Finance adventure.