Stock Market News

Stock Market News – Morgan Stanley next in line to release quarterly results

Posted on April 17, 2018 at 2:24 pm GMT

Investment banking giant Morgan Stanley will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Investment Banking & Brokerage Services peer group. The New York-based firm is forecast to have made $1.25 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional [..]

Stock Market News – Netflix reports quarterly results after closing bell with earnings season in full swing

Posted on April 16, 2018 at 2:40 pm GMT

Entertainment company Netflix will release its earnings report for the first quarter of 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group. The provider of media streaming services is anticipated to have made $0.64 in earnings per share (EPS) during Q1 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – an estimate [..]

Stock Market News – JPMorgan, Citigroup and Wells Fargo eyed as Q1 earnings kick off

Posted on April 12, 2018 at 3:31 pm GMT

Banking giants JPMorgan Chase, Citigroup and Wells Fargo will all be releasing Q1 2018 earnings reports before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for the former two is “buy” – in line with the average recommendation for the Banks peer group – while Wall Street analysts assign, on average, a “hold” recommendation for Wells Fargo. JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.28 according to analysts submitting their forecasts to [..]

Technical Analysis – Microsoft stock remains strongly bearish; attempts to break lower

Posted on March 29, 2018 at 1:36 pm GMT

Microsoft stock retreated again after finding resistance near the 95.30 barrier this week. The price completed four consecutive negative sessions in the 4-hour chart, plunging below the 20- and 40-period simple moving averages (SMA). The technical picture now supports that the bearish bias is likely to continue in the short-term. Looking at the momentum indicators, the RSI is negatively sloped, slightly lower its neutral threshold of 50, while the stochastic is falling towards the 20 level, signaling that the market is approaching oversold territory. In the wake of negative [..]

Stock Market News – Facebook shares drop below 200-DMA amid privacy investigation, but investors remain bullish in long term

Posted on March 28, 2018 at 10:22 am GMT

The share price of Facebook Inc has fallen by around 18% from its all-time high of $195.32 in late January as the company falls out of favour with investors following the data privacy scandal engulfing the social media giant. The revelation that Facebook was responsible for a breach of its user data and the subsequent handling of the affair by the CEO, Mark Zuckerberg, has evolved into the worst crisis the company has had to face. The scandal began on [..]

Technical Analysis – Google stock in bearish correction mode; steep losses are expected

Posted on March 23, 2018 at 2:53 pm GMT

Google stock price has been edging lower over the last five days, with the biggest drop being in Thursday’s session. The price hit the 1045.60 support level taken from the low on March 2, while the selling interest started from the bounce off the 1177 resistance level. The short-term momentum indicators are confirming the recent bearish bias. In the daily timeframe, from the technical point of view, the RSI recorded an aggressive bearish movement and slipped below the 50 level approaching the oversold zone. Moreover, the [..]

Stock Market News – Nike eyed ahead of quarterly earnings report; trade developments also in focus

Posted on March 22, 2018 at 2:22 pm GMT

Sportswear giant Nike is scheduled to release its earnings report for the quarter ending February 2018 after Wall Street’s closing bell on Thursday. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Footwear, its peer group. Nike’s quarterly EPS are projected to stand at $0.53, with analysts’ average EPS estimate remaining constant at this level over the last four weeks. If earnings come as expected, this would translate into a decrease by around [..]

Stock Market News – Ford outperforms on the back of analyst upgrade

Posted on March 14, 2018 at 4:06 pm GMT

Ford is outperforming during Wednesday’s trading, leading the list of gainers within the S&P 500. An upgrade in the company’s stock by an investment banking analyst acted as the catalyst behind today’s movement. Shares of Ford Motor Company jumped after an analyst with Morgan Stanley changed his view on the stock, adopting a bullish perspective on the vehicle maker from the previously held bearish one. Specifically, the analyst, who is top-rated by Thomson Reuters for recommendations on Ford, revised the [..]

Technical Analysis – Amazon stock creates all-time high; indicators endorses bullish bias

Posted on March 14, 2018 at 2:19 pm GMT

Amazon stock price recorded another all-time high of 1613.91 yesterday but ended the day in the red. Prices broke above the 1525 barrier over the previous sessions and are currently trying to post some gains. The bullish picture in the medium-term is further supported by the technical indicators. Short-term momentum indicators are also pointing to a continuation of the bullish bias. The MACD oscillator jumped above its trigger line with strong momentum while the RSI indicator is holding in the [..]

Stock Market News – Boeing outperforming but escalation of trade tensions can cloud the company’s outlook

Posted on March 8, 2018 at 4:28 pm GMT

Boeing is outperforming major US benchmarks so far in 2018, being up by an impressive 17.7% year-to-date. However, the company’s outlook might get grimmer given than a significant proportion of its clients come from outside the US, with the firm being at risk of facing sanctions should trade tensions get out of control, leading to a trade war. The multinational corporation reported robust Q4 2017 results in late January that beat analysts’ projections and contributed to its strong year-to-date performance. [..]

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