Stock Market News

Can Apple’s earnings turn its fortunes around? – Stock Market News

Posted on January 28, 2019 at 2:16 pm GMT

Apple will release its fiscal first-quarter earnings on Tuesday, after the US market close. Since the firm has already provided estimates on revenues lately, traders will focus mainly on the management’s guidance for the next quarter. It’s striking that after being the market’s darling for several years, recent weakness in sales has turned Apple into an underperformer with a relatively attractive valuation. The California-based tech behemoth rattled markets in early January, when it issued preliminary estimates for its upcoming quarterly [..]

Ebay to double annual revenue growth in Q4, Amazon could lag – Stock Market News

Posted on January 28, 2019 at 11:14 am GMT

Ebay Inc and Amazon.com Inc report earnings results on Tuesday and Thursday respectively. Reuters analysts assign an average recommendation of “buy” for Amazon’s shares, whereas for Ebay the average recommendation is “hold”. Amazon.com Inc The third quarter was a market disappointment for Jeff Bezos’ e-commerce giant Amazon.com Inc. Despite earnings beating analysts’ estimates at $5.75 per share, company’s revenues missed forecasts, clocking in at $56.6 billion versus $57.10bln expected. its revenue guidance for the fourth quarter was also under consensus [..]

Technical Analysis – Apple stock edges higher; outlook remains negative in medium term

Posted on January 28, 2019 at 10:58 am GMT

The Apple stock rebounded on the multi-month low of 141.90 that was reached on January 3. The RSI and the MACD are endorsing the recent upside move with the former sloping up marginally below its 50 neutral mark and the latter strengthening its positive momentum above the red trigger line. Trend signals however are still negative as the “death cross” between the 50- and the 200-day simple moving averages (SMA), occurred last month, suggesting that the long-term downtrend will hold in place. In case of a climb above [..]

Stock Market News – Caterpillar’s earnings could drive market sentiment

Posted on January 25, 2019 at 1:32 pm GMT

Caterpillar – which is seen as a bellwether for global economic activity – will announce its quarterly results on Monday, two hours ahead of Wall Street’s opening bell. Against the backdrop of slowing global growth and trade tensions, the guidance by management for 2019 could prove equally, if not more important than the actual earnings figures for the market reaction. The world’s largest manufacturer of heavy equipment is projected to report earnings per share (EPS) of $2.99 in the closing [..]

Technical Analysis – Caterpillar stock builds base within SMAs; bearish in long term

Posted on January 25, 2019 at 11:57 am GMT

Caterpillar stock price came under pressure in the previous couple of sessions, falling back below its 137.70 resistance level. Looking at momentum oscillators on the daily chart though, they suggest further declines may be on the cards in the short-term. The stochastic oscillator is approaching the oversold area, detecting negative momentum, and is also pointing downwards. The MACD is ready for a bearish cross with its trigger line in the positive zone. Should the price decline, it could meet support at the 50-day simple moving average (SMA) around 127.40. Then [..]

Stock Market News – Intel’s earnings: upside surprise on the cards?

Posted on January 23, 2019 at 12:01 pm GMT

Intel will report its earnings for the latest quarter on Thursday, after the US market close. Given that demand has been rising so fast the company has been unable to meet all of it, risks seem tilted towards a beat in earnings and revenues, as opposed to a disappointment. That said, besides the earnings figures, the guidance by management for 2019 will also be critical for the stock’s reaction, and perhaps even for broader market sentiment. The California-based semiconductor giant [..]

Technical Analysis – UBS stock to remain under pressure after disappointing earnings results

Posted on January 22, 2019 at 11:46 am GMT

UBS Swiss Bank missed analysts’ earnings estimates on Tuesday, sending its stock price below the 200-period simple moving average (MA) on the four-hour chart and straight down to one-week lows. Technically the short-term bias looks neutral to negative according to momentum indicators; the RSI seems to be flattening below its 50-neutral threshold, while the MACD keeps weakening towards zero and below its red signal line. A leg lower could touch the 50-period MA currently at 12.71 where any violation could set [..]

Technical Analysis – IBM stock looks positive ahead of Q4 earnings results

Posted on January 21, 2019 at 3:52 pm GMT

IBM’s stock price unlocked fresh one-month highs on Friday ahead of the company’s quarterly earnings results on Tuesday. Technically, the market is expected to continue the rebound off the decade lows as the RSI fluctuates positively above its 50 neutral mark and the MACD keeps strengthening to the upside and above its red signal line. An extension higher could find a barrier between Friday’s high of 124.66 and the 126.51 peak on December 3, which if violated could result to further improvement, with the price [..]

Technical analysis – Tesla stock clears moving averages, cautiously positive in medium-term

Posted on January 18, 2019 at 1:07 pm GMT

Tesla’s stock crossed back above both its 50- and 200-day simple moving averages (SMAs) in recent sessions and is also trading above an uptrend line drawn from the lows of October. The combination suggests the outlook has turned cautiously positive. For the picture to turn decisively positive, it may require a higher high on the daily chart, namely a clear break above 379. Short-term momentum oscillators support the notion. The RSI is flattening slightly above its neutral level, while the [..]

Technical Analysis – Johnson & Johnson stock price struggles within tight Bollinger band; bullish in long term

Posted on January 18, 2019 at 11:06 am GMT

Johnson & Johnson stock price has been squeezed within the Bollinger bands over the last couple of weeks in the daily timeframe, failing to pare some of the losses that were posted in mid-December. From the technical point of view, the indicators seem to be flat. The RSI is standing below 50 level with weak momentum, while the ROC is moving sideways near the zero line in the short-term. Upside moves may drive the price action higher towards the immediate resistance of 130.45 before touching the [..]

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