Stock Market News

Stock Market News – Netflix in the spotlight ahead of quarterly earnings; other big names in line

Posted on July 16, 2018 at 2:56 pm GMT

Netflix’s Q2 2018 earnings report will be hitting the markets after Monday’s US market close. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group. The provider of subscription-based streaming services is forecast to have made $0.79 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’ Estimate System – I/B/E/S). Earnings estimates have fallen from [..]

Technical Analysis – Bank of America stock stands within a bearish correction; “death cross” is expected

Posted on July 16, 2018 at 1:34 pm GMT

Bank of America stock price has been holding within a bearish correction mode as it found a strong resistance obstacle on the 33.00 handle in mid-March. A “death cross” is in progress as the 50-day simple moving average (SMA) falls below the 200-day SMA to indicate that lower prices lie ahead. From the technical point of view, the RSI and the stochastics have both weakened, with the former dropping below its neutral threshold of 50 and the latter easing below the overbought territory after the [..]

Stock Market News – JPMorgan and Citigroup among first to release Q2 results, may give an indication of what is to follow

Posted on July 12, 2018 at 3:47 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.21, with a downward revision [..]

Stock Market News – Wells Fargo eyed ahead of quarterly earnings release

Posted on July 12, 2018 at 10:21 am GMT

Banking giant Wells Fargo’s Q2 2018 earnings report will be made public before Friday’s US market open. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the Banks peer group. The bank’s earnings per share (EPS) are anticipated to come in at $1.12 during the second quarter, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations reflect a downward revision from [..]

Stock Market News – Delta Air Lines attracts attention ahead of earnings; trade tensions may overshadow corporate releases

Posted on July 11, 2018 at 1:39 pm GMT

Delta Air Lines will be releasing its earnings report for Q2 2018 before Thursday’s US market open. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Airlines peer group. The firm’s earnings per share (EPS) are projected to come in at $1.72 during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current forecasts reflect a downward [..]

Technical Analysis – Microsoft stock climbs above SMAs; suggest further gains

Posted on July 10, 2018 at 1:16 pm GMT

Microsoft stock prices have been making higher highs and higher lows since the end of September 2017 when it touched the 73.00 psychological level in the medium-term. The technical indicators, continue to send bullish signals, suggesting that the strength in the market is not over yet. Technically, in the daily timeframe, the price has successfully surpassed the 20- and 40-simple moving averages (SMAs) last week increasing the chances for a new high in the near-term. The RSI indicator is rising in the positive [..]

Stock Market News – PepsiCo quarterly results in focus as earnings season kicks off

Posted on July 9, 2018 at 3:07 pm GMT

Beverage company PepsiCo will be releasing its Q2 earnings report before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, with the average consensus recommendation for Non-Alcoholic Beverages, its peer group, being a “hold”. The firm’s release constitutes one of the first of the upcoming earnings season, with big banks being in line to release their respective results on Friday. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – [..]

Technical Analysis – Google stock bearish in short term; remains in trading range in medium term;

Posted on July 4, 2018 at 1:25 pm GMT

Google stock has been consolidating since January 29 and has been stuck in a sideways channel with upper boundary the 1185.53 resistance level and lower boundary the 978.00 support level. The neutral picture in the medium-term looks to last for a while longer after prices failed to break the upper boundary during the end of June. The negative bias in the near term is supported by the deterioration in the momentum indicators. The RSI indicator is sloping below the 50-neutral level, suggesting a [..]

Renewed tech-euphoria propels Nasdaq to new records – Index News

Posted on June 22, 2018 at 10:44 am GMT

Major global equity indices are slowly trying to recoup the losses they posted earlier in the year, though some are recovering much better than others. The Nasdaq index has already mended its wounds and managed to break multiple new record-highs lately, propelled higher by a renewed rally in tech stocks, which investors seem to favor in the face of global trade risks despite their “pricey” valuations. After a bumpy start to the year, major stock indices appear to have slowly [..]

Technical Analysis – Ebay stock stands above moving averages; bulls take control again

Posted on June 21, 2018 at 1:06 pm GMT

Ebay stock price has been trading upwards over the last three days after the rebound on the 38.40 support level and is currently surpassing the bearish cross within the 50- and 200-day simple moving averages (SMAs), which is in progress in the medium-term. However, the short-term technical indicators are holding near their neutral levels. In the daily timeframe, the Relative Strength Index (RSI) is sloping slightly upwards above the threshold of 50, while the MACD oscillator holds below its red-trigger line and is [..]

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