Market Value Declines Create Profitable Spread Betting Opportunities
Last week saw US stocks fall heavily after Alcoa Inc. and JPMorgan Chase & Co both disappointed investors with lower than expected profit figures. Such news, coupled with China’s actions to slow their economic growth has meant that US markets took a heavy setback last week, but this news has also seen Market Value Declines Create Profitable Spread Betting Opportunities. Betting short on falling markets has proved very profitable indeed for spread betters at companies such as Spread Co over the last seven days.
Alcoa is the biggest aluminium producer in the US, so when the company released lower profits than analysts had predicted their stock value dropped by 8.2%, which is the largest weekly retreat for Alcoa share prices since October last year. JPMorgan Chase & Co, the US’ 2nd largest U.S. financial company, also saw setbacks to their share value as they released the news that their retail banking unit recorded a loss for the final quarter of 2009. The share value of JPMorgan Chase & Co fell by 2.2% after making news of the losses public.
It’s not all doom and gloom across the US investment markets though. Supervalu Inc, the US’ second largest grocery chain, saw an 11% rise in share value to $14.32 following higher than expected third quarter profits. Investors at spread betting companies will be watching Citigroup, Google and McDonald’s Corp closely as they are among 65 companies in the S&P 500 scheduled to release their quarterly results next week and placing spread bets ahead of these results could prove very profitable for the canny investor.
If you like the idea of profiting when huge multi-national corporations make a loss then spread betting may be the investment path for you. Visit www.spreadco.com to open a new spread betting account with as little as £100, where you will benefit from competitive prices, a cutting-edge trading platform, the latest risk monitoring instruments and total trading transparency.
