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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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Walmart joins Microsoft bid for TikTok

The TikTok takeover story rumbles on, with a further twist today as Walmart announces it will join Microsoft in bidding for the platform.

Source: Bloomberg

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Publication date

The news that Walmart (All Sessions) has joined Microsoft's (All Sessions) bid for TikTok is yet another head-scratching moment for investors, in a market that is chock-full of such moments right now. It seems almost everyone is jumping on the TikTok bid bandwagon, and seeing boosts in their stock prices as a result, in a manner reminiscent of when adding in an association with cryptocurrencies would provide a lift in the price back in 2017.

While the benefits of joining in the bid are not yet apparent, it has helped to lift Walmart stock, reviving the long-standing uptrend. After pulling back from its August high, the stock has found support around $130, and is now creating a new higher low as it begins a move higher. Wal-Mart has been a solid performer, having benefited from the spike in grocery sales during the pandemic. The stock continues to trend higher, and remains one to watch even if the TikTok story fizzles out.

Source: ProRealTime

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

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