Week ahead: 08 March

Down-ramping:
Disappointing to see the constant down ramping attacks from Baker Street, Bot and Goodfella over the past week. People please remember they’ve always had the sentiment to sell Zip, even when the share price was low. If you want a laugh check out their posting history. Just ignore it. Just remember the below - Zips yearly share price: This is without the Nasdaq listing, new stimulus and new market growth Remember Larry wants 100 million customers:
07 March 2017 - 76c per share
07 March 2018 - 94.5c per share
07 March 2019 - $1.68 per share
07 March 2020 - $2.11 per share
07 March 2021 - $9.56 per share

Nasdaq & Yield:
Mr Lee said the sudden and dramatic drop “is what makes a local bottom. We believe this is likely the first half 2021 low for technology stocks and would be buyers”.
Ms Beckett said her expectation is that US rates will be relatively steady: “Our forecast is that yields won’t rise sharply in the coming months, enabling equity prices to recover further in time.”Ultimately, though, we expect real yields in particular to drop back a bit, or at least to stabilise,”
Ms Beckett said. “This is because in the months ahead we expect the Fed to continue to re-iterate its intention to keep monetary policy extremely loose despite a strong rebound in the US economy, even if there is a very big fiscal stimulus. This feeds into our view that the S&P 500 will resume an upward trend before long and end 2021 more than 10 per cent above its level now.”

Growth Stock:
Zip is a growth stock, people don’t seem to understand that. Zips business model is fundamentally different to a bank...! Larry wants 100million customers. ANZ or Westpac can’t achieve that... Growth before profit people. Those in America understand that, some Aussies not soo much.

Stimulus:
Senate Democrats passed their $1.9 trillion coronavirus relief package on Saturday, sending it back to the House for expected approval in the coming days.

Good luck all and a green week ahead.