Stock Market News

Stock Market News – Exxon Mobil next in line with earnings season in full swing

Posted on July 26, 2018 at 3:30 pm GMT

Exxon Mobil will release its earnings report for the second quarter of 2018 before Wall Street’s opening bell on Friday. The consensus recommendation for the energy titan is “hold”, in contrast to the “buy” average consensus for the Oil & Gas Refining and Marketing peer group. The largest US energy company by market capitalization is projected to have made $1.27 in earnings per share (EPS) in Q2, according to the consensus of analysts submitting their estimates to Thomson Reuters’ [..]

Stock Market News – Amazon’s earnings to render it the first $1 trillion valued company?

Posted on July 26, 2018 at 2:44 pm GMT

Amazon’s earnings report for Q2 2018 will be hitting the markets after Thursday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which positively compares to the average consensus recommendation of “hold” for the Department Stores peer group. The retailer is expected to have made $2.50 in earnings per share (EPS) during the quarter ending in June according to Thomson Reuters consensus estimates; a projection which reflects a fall from $2.54 from four weeks ago. Still, [..]

Stock Market News – All eyes on Facebook as giant releases earnings report; stock at all-time highs

Posted on July 25, 2018 at 1:30 pm GMT

Facebook’s earnings report for Q2 2018 will be made public after the US market close on Wednesday. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group. According to Thomson Reuters’ Institutional Brokers’ Estimate System (I/B/E/S), the social media giant is anticipated to have made $1.72 in earnings per share (EPS) during the quarter ending in June, a projection which has remained unchanged over the last four weeks; the expected EPS number [..]

Technical Analysis – Amazon stock ready to extend gains above the previous high

Posted on July 25, 2018 at 1:22 pm GMT

Amazon stock price has reached another record high of 1852.54 in the preceding week and currently is developing slightly below this peak. The price continues the bullish rally as it is still trading above the ascending trend line and the moving averages in the daily timeframe. Looking at momentum indicators, the Relative Strength Index (RSI) is approaching again the overbought zone as it is sloping upwards. The MACD oscillator recorded a bullish crossover with its trigger line and holds well above its [..]

Stock Market News – Boeing in focus ahead of earnings release; trade developments important for the outlook

Posted on July 24, 2018 at 2:26 pm GMT

Boeing’s earnings report for Q2 2018 will be hitting the markets before Wednesday’s US market open. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Aerospace & Defense peer group. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), the plane maker is forecast to have made $3.27 in earnings per share (EPS) during the quarter ending in June, which reflects a drop [..]

Technical Analysis – Facebook stock stands near fresh high; further gains are on the way

Posted on July 23, 2018 at 12:36 pm GMT

Facebook stock has reached another new high of 211.27 on Friday after the strong bounce off the 192.30 support level. The bullish picture in the short-term outlook looks to last for a while longer as the technical indicators are holding above their neutral levels. In the daily chart, the RSI indicator is sloping slightly to the upside near the overbought zone, while the MACD oscillator is holding above its trigger and zero lines. If prices continue to head higher, resistance [..]

Technical Analysis – Honeywell stock builds base in sideways channel; neutral in short-term

Posted on July 20, 2018 at 12:24 pm GMT

Honeywell stock price has been consolidating since March 21 and has been stuck in the sideways channel with upper boundary the 152.40 resistance level and lower boundary the 141.80 support. The neutral picture in the medium-term looks to last for a while longer as prices hold near the middle of the trading range. Support was met at around the 141.80 barrier, forcing the price to reverse higher. The neutral bias in the near term is supported by the deterioration in [..]

Technical Analysis – American Express stock struggles in consolidation area; longer timeframe remains bullish

Posted on July 18, 2018 at 1:24 pm GMT

American express stock price has been developing within a consolidation area in the medium-term with upper boundary the 103.20 peak and lower boundary the 95.40 trough since April 19. Currently, the market drove the price above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, suggesting a re-challenge of the trading range’s roof. Turning to momentum indicators, the RSI is sloping north above in the positive territory with weaker momentum than before, while the MACD oscillator is strengthening its movement [..]

Stock Market News – IBM’s quarterly results eyed during packed earnings week

Posted on July 17, 2018 at 1:31 pm GMT

IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group. The multinational tech company is anticipated to have made $3.04 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

Technical Analysis – Goldman Sachs surges above descending trend line; seems ready for bullish correction

Posted on July 17, 2018 at 12:39 pm GMT

Goldman Sachs stock price turned bullish as it penetrated the descending trend line to the upside and hit the 50-day simple moving average (SMA), which is acting as a strong resistance level for the bulls. The latest price movement shifts the bearish picture to bullish and the short-term technical indicators are confirming the scenario for upside pressure. From the technical point of view, the RSI is currently increasing positive momentum above its neutral threshold of 50, while the stochastic oscillator indicates that [..]

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