Stock Market News

Technical Analysis – McDonalds stock erases rally; could weaken further in short term

Posted on June 14, 2018 at 12:45 pm GMT

McDonald’s stock price has been making higher highs and higher lows since the end of February, creating an upward tilting channel. In the short-term, prices moved lower after the pullback on the four-month high of 171.60. The technical indicators, though, continue to send neutral to bearish signals, suggesting that the softness in the market is not over yet. The RSI has flattened in positive levels, slightly above 50 indicating that the market could weaken a little bit in the short-term until the [..]

Technical Analysis – Alcoa stock develops above rising trend line; momentum indicator confirms bullish structure

Posted on June 6, 2018 at 1:46 pm GMT

Alcoa stock has reversed back up again after finding support at the 46.75 level, which overlaps with the medium-term ascending trend line. The price remains above the 200-day simple moving average (SMA) suggesting further upside momentum. The RSI has been rising in recent days, hinting to a change in short-term dynamics from bearish to bullish. Turning to the stochastics, they’re giving a bullish signal in the very short-term as the %K line has crossed above the slow %D one, with [..]

Technical Analysis – Cisco stock still holds above ascending trend line; bearish in near term

Posted on June 1, 2018 at 11:57 am GMT

Cisco stock price has declined considerably after touching the multi-month high of 46.30 on May 10. Currently, the price is developing near the rising trend line and the 23.6% Fibonacci retracement level of the upleg from 30.30 to 46.30, near 42.55, while the simple moving averages (SMAs) are ready to meet each other to create a bearish crossover. From the technical point of view, in the daily timeframe, the RSI indicator lies below the 50 level and is moving towards the 30 [..]

Technical Analysis – Facebook stock holds below 3-month highs; outlook still positive

Posted on May 22, 2018 at 1:15 pm GMT

Facebook stock prices have reversed back down again after finding resistance at the three-month high of 188.23 achieved May 11. The neutral picture in the very short-term outlook looks to last for a while longer after prices failed to break above the aforementioned high. The price is struggling below the 185.60 level and the technical indicators are moving with weak momentum. The resistance that was met at 188.23 is forcing the price to reverse lower. In the daily chart, the RSI indicator is sloping slightly [..]

Stock Market News – Walmart quarterly earnings on the horizon; rising Treasury yields a consideration

Posted on May 16, 2018 at 2:45 pm GMT

Retail giant Walmart is scheduled to release its Q1 earnings report before Thursday’s US market open. The consensus recommendation for the company is “buy”, which favorably compares to the “hold” average consensus recommendation for the Food Retail & Distribution peer group. The supermarket chain’s earnings per share (EPS) are anticipated to come in at $1.12 during its fiscal first quarter ending in April, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). [..]

Cisco in the spotlight ahead of earnings report – Stock Market News

Posted on May 16, 2018 at 2:42 pm GMT

Technology conglomerate Cisco Systems is due to release its earnings report for Q1 2018 on Wednesday after Wall Street’s closing bell. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for Communications Equipment, its peer group. The California-based technology giant is anticipated to report earnings per share (EPS) of $0.65 for the first quarter of 2018, according to twenty-eight analysts submitting their forecasts to the Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate [..]

Technical Analysis – Amazon stock loses momentum after struggling to break above upper channel boundary

Posted on May 14, 2018 at 1:03 pm GMT

Amazon stock prices have been consolidating since February 12 and have been stuck in a sideways channel with upper boundary the 1621 resistance level and lower boundary the 1353 support hurdle. The neutral picture in the medium-term looks to last a while longer after prices failed to break the upper channel on Thursday. Resistance was met near the aforementioned resistance barrier, forcing the price to reverse lower. The negative bias in the near term is supported by the deterioration in [..]

Stock Market News – Nvidia eyed ahead of quarterly results; chipmaker at all-time highs

Posted on May 10, 2018 at 2:15 pm GMT

Tech company Nvidia will be releasing its Q1 earnings report after Thursday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Semiconductors, its peer group. Nvidia’s stock finished Wednesday’s session at its highest on record and Wall Street analysts are increasingly getting more bullish on its stock. These render today’s release one of the most anticipated of the earnings season. The chipmaker is forecast to have made $1.47 in [..]

Stock Market News – Tesla next in line to release quarterly results; FOMC statement could affect overall sentiment

Posted on May 2, 2018 at 2:07 pm GMT

Electric vehicle-maker Tesla is scheduled to release its earnings report for Q1 2018 after Wednesday’s US market close. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Auto & Truck Manufacturers peer group being a “buy”. The California-based company’s first quarter earnings per share (EPS) are anticipated to come in at -$3.58 according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – i.e. the company is [..]

Stock Market News – Apple quarterly results in focus in another busy earnings week

Posted on April 30, 2018 at 3:20 pm GMT

Tech behemoth Apple will be releasing its earnings report for the quarter ending March 2018 after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Phones & Handheld Devices, its peer group. The world’s largest company by market cap is forecast to have made $2.69 in earnings per share (EPS) during its fiscal second quarter according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms