Stock Market News

Stock Market News – As Geneva Motor Show gets underway, trade tariffs and decline of diesel weighs on outlook for European auto stocks

Posted on March 7, 2018 at 4:55 pm GMT

As the world’s largest motor show gets underway in Geneva this week, European car makers are using the event to showcase their latest hybrid and electric vehicles in a bid to reassert their place in the future of the car industry. European car manufacturers are seen to be lagging in the race for electric or zero-emission vehicles. The German car industry, in particular, had become reliant on diesel technology. But following the Volkswagen emissions scandal, the future of diesel cars [..]

Technical Analysis – Netflix stock strongly bullish; looking overbought

Posted on March 7, 2018 at 1:32 pm GMT

Netflix stock price reached another all-time high of 325.44 yesterday as the stock extended a long bull run and posted the third green day in a row. Prices broke above the 161.8% Fibonacci extension level at 317.45 of the last bearish correction from 286.00 to 235.70. 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 [..]

Technical Analysis – Facebook in bearish correction mode; pauses on 23.6% Fibonacci level

Posted on March 2, 2018 at 12:56 pm GMT

Facebook stock price has been heading sharply lower over the last three days, hitting the 23.6% Fibonacci retracement level at 175.93 of the upleg with the low of 114.00 and the high of 195.10. The price extended its losses following the pullback on the 185.60 resistance level and the short-term momentum indicators are confirming the recent bearish bias. In the daily timeframe, from the technical point of view, the MACD oscillator is falling in the negative approaching its trigger line, [..]

Stock Market News – Amazon hits record high above $1,500; market’s valuation equivalent to more than 2.5 Walmarts

Posted on February 22, 2018 at 2:58 pm GMT

Retail giant Amazon reached a fresh all-time high during Wednesday’s trading, exceeding $1,500. By the end of the session it lost some ground amid a broader market retreat, though it still finished the day higher, with its market capitalization settling at $717.9 billion. For a bit of perspective, retailer Walmart, whose stock price recorded losses after delivering an earnings miss earlier in the week, has a market cap of $271.1bn. Amazon is thus valued as 2.6 Walmarts at the moment. [..]

Technical Analysis – Apple stock returns to gains; posts 2-week high

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

Apple stock price reached a 2-week high of 167.41 during Wednesday’s US session as the price extends its bullish run, following the rebound on the 150.00 critical psychological level. Also, the stock completed the third straight green day hitting the 20-day simple moving average, which overlaps with the current 167.30 resistance level. In the daily timeframe, from the technical point of view, technical indicators are endorsing the scenario for further gains. The MACD oscillator is rising in the negative territory [..]

Technical Analysis – US 100 index hits 11-day low; medium-term picture still bullish

Posted on February 2, 2018 at 11:28 am GMT

The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to this level. The RSI has been falling in recent days, hinting to a change in short-term dynamics from bullish to bearish. Turning to the stochastics, they’re giving a bearish signal in the very short-term as the [..]

Stock Market News – Amazon, Apple & Alphabet quarterly results keep investors on edge

Posted on February 1, 2018 at 3:54 pm GMT

Corporate giants Amazon, Apple and Google owner Alphabet will be releasing earnings reports for the quarter ending December 2017 after Wall Street’s closing bell on Thursday. The consensus recommendations for all three stocks is “buy”, with the average consensus recommendation for Amazon’s Department Stores peer group being a “hold”, while Apple’s and Alphabet’s peer groups – Computer Hardware and Online Services respectively – are also holding a “buy” recommendation. Amazon’s quarterly EPS are expected to come in at $1.84, with [..]

Stock Market News – Facebook and Microsoft eyed as earnings season continues

Posted on January 31, 2018 at 3:05 pm GMT

Technology heavyweights Facebook and Microsoft will be releasing financial results for the quarter ending December 2017 after Wednesday’s US market close, with the former also releasing full-year results. The consensus recommendation for both Facebook and Microsoft is a “buy”, with the average consensus recommendation for their peer groups – Online Services and Software respectively – also being a “buy”. Facebook’s quarterly EPS are expected to stand at $1.95, with analysts’ average EPS estimate being revised upwards from $1.94 over the [..]

Stock Market News – Pfizer in focus as earnings season remains under way

Posted on January 29, 2018 at 2:29 pm GMT

Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”. Pfizer’s EPS are expected to come in at $0.56, with the average EPS estimate remaining unchanged over the last four weeks. If earnings are released as expected, this would reflect an increase of more than 19% relative to Q4 2016 [..]

Technical Analysis – US 500 index posts fresh record high; RSI could be pointing to overextended market

Posted on January 24, 2018 at 11:03 am GMT

The US 500 index hit a fresh all-time high of 2,842.60 during today’s trading. The Tenkan-sen line remains above the Kijun-sen line – with both lines maintaining a positive slope – and the RSI indicator continues to rise. All these are indicative of the positive momentum that is in place. However, the RSI is well above the 70 overbought level at 84. This could be a sign of an overstretched market, rendering a pullback in the near-term a possibility. Further [..]

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