November 22, 2021

Market winners: Tesla, Moderna, Cardano, and more!  

November 22, 2021

From Tesla rebounding to Moderna shares moving up, we list some market winners and share trading opportunities.  

Market winners: Tesla, Moderna, Cardano, and more!  

From Tesla rebounding to Moderna shares moving up, we list some market winners and share trading opportunities.  

  From Tesla rebounding to Moderna shares moving up, we list some market winners and share trading opportunities.  

It has been an interesting time for traders in November 2021; Tesla CEO Elon Musk tanked his own company shares while the US deals with high inflation.     

The crypto market exploded in November with many digital coins reaching all-time highs. One crypto that has steadily been increasing in value is Cardano.   

In commodities, gold bears are pushing for a comeback as high inflation woes hurt the US dollar.    

Today, we look at some market winners for the past week on CMTrading’s platform.  

Most tradeable instruments weekly:  

  1. XAU/USD  

Having failed several attempts to push towards the $1,900 threshold, the gold price continues to hover in a familiar range above $1,850. The latest uptick in the gold price can be attributed to a selloff in the US Treasury yields. High inflation and increasing coronavirus cases are souring the US economy. The gold price could take a hit, however, as calls to strengthen US economic recovery could result in earlier interest rate hikes, which might limit gold’s performance.  


Trade Gold the easy way – Invest in the precious metal today! 


  1. ADA/USD 

Cardano’s (ADA) price has seen a huge downswing in November as a selloff of the crypto takes place. Fortunately, this correction, says analysts, will likely trigger a short-term buying spree, pushing ADA ever higher. Cardona has reached record highs over the past year; it has grown by 939% YTD (Year to date) to a high of $3.11 in September.  


Trade crypto safely and securely 


  1. Tesla 

Electric carmaker Tesla reported record earnings in October, propelling its share price to all-time highs. Its fortunes however changed when CEO Elon Musk’s sold $6.9 billion worth of stock. This initial selloff saw the stock decline 15.4%. Since then, however, Tesla’s stock is on the rise again. Tesla climbed 4.65% to $1,096.38, as investors snapped up shares as Musk sold off another $973 million in stock to pay taxes after exercising options.    


Biggest percentage move weekly:  

Stock: Moderna 7.62%  

Moderna had a poor earnings report in Q3, failing to meet analyst expectations on revenue and profit. The poor report tanked its stock, which had been dropping steadily for months. The company, however, is experiencing a minor boost as its booster shots are rolled out globally. Moderna’s shares increased by 11% to $251. Booster shots could help Moderna grab more market share among COVID vaccine makers such as Pfizer and Johnson & Johnson. The firm is one of three to launch boosters in the US.  

Commodities: Coffee 12%  

The global coffee industry has been hard hit by pandemic-related disruptions; container shortages, port congestion, extreme weather, and inflation are driving coffee prices high. Coffee futures climbed on Nov 18 to their highest level since January 2012; the commodity has surged more than 80% so far in 2021. Unfortunately for coffee drinkers, prices at grocery stores and coffee shops will be higher in the coming months.  

This Week’s Best Performing Sectors:  

  1. Retail +1.92 %   
  1. Consumer Discretionary +1.25 %   
  1. Capital Goods +0.21 %   
  1. Technology -0.25 %   
  1. Utilities -0.74 %  


This Week’s Best Performing Industries:  

  1. Retail Apparel +6.54%   
  1. Department & Discount Retail +4.67%   
  1. Internet, Mail Order & Online Shops +4.28%   
  1. Home Improvement +3.33%   
  1. Wholesale +3.28% 


Ready to start Online Trading? Open an account today        

Join CMTrading, the largest and best-performing broker in Africa, and discover more opportunities with an award-winning broker. Register here to get started            

Follow us on Facebook, Instagram, LinkedIn, Twitter, and YouTube 

Trading involves a significant risk of loss and is not suitable for all investors. It’s important to understand the risks and seek advice from an independent financial advisor if necessary.

The information provided here does not constitute investment advice.



Follow us on:

Start Trading Now!

Recent Posts

How To Invest In Gold In South Africa

  Investments in precious metals, particularly gold, tend to keep their value in the financial markets for extended periods. They thereby offer commodity merchants a permanent safe haven.   Beyond its flashy exterior, gold has

Read More »
Trade Schools
What Are The Best Trade Schools In South Africa

  Technical Vocational Education and Training (TVET colleges) or Trade schools, which offer specialized education in a range of skilled trades, are essential parts of South Africa’s educational system. These educational establishments have a functional,

Read More »

Leaving so Soon?

Register now and get $300 extra using promo code CMT300

T&C Apply | Min Deposit $300 | Max. Reward $300