Stock Market News

Stock Market News – Ford next in line to release quarterly earnings

Posted on January 23, 2018 at 2:19 pm GMT

Ford Motor Company is scheduled to release its Q4 2017 financial results on Wednesday after the US market close. Analysts’ consensus recommendation for the automaker is “hold”, this being in line with the Auto & Truck Manufacturers peer group. The company’s EPS are expected to stand at $0.44, down from $0.45 from four weeks ago. Despite the downward revision, should earnings come as anticipated, this would translate into an increase of 46.67% relative to the same quarter from the previous [..]

Technical Analysis – US 100 index trades near record high; RSI overbought

Posted on January 22, 2018 at 2:21 pm GMT

The US 100 index is currently trading close to its all-time high of 6,844.45 hit during Friday’s trading. Rising prices in recent weeks are setting a bullish picture for the index in the short-term. The RSI, which has been heading higher throughout this period, is supporting the view for a positive market bias. The indicator though has crossed above the 70 overbought level; this being interpreted as increased risk for a pullback in the short-term. The area around last week’s [..]

Stock Market News – Netflix reports quarterly results after closing bell in overall busy earnings week

Posted on January 22, 2018 at 11:44 am GMT

Entertainment company Netflix will be reporting its Q4 2017 results after Monday’s closing bell on Wall Street. The consensus recommendation for the company is a “buy”, the same as the average consensus recommendation for the Online Services peer group. The California-based company is expected to have made $0.41 in earnings per share during the final quarter of last year, this being a downward revision from the consensus estimate of $0.42 from four weeks ago. Still, should EPS come in [..]

Technical Analysis – US 30 index exceeds 26,000 to record fresh all-time high; bullish though RSI overbought

Posted on January 16, 2018 at 3:07 pm GMT

The US 30 index rose to a fresh record high of 26,084.50 during today’s trading after significant advancing in the days that preceded. The positively aligned and steep upward sloping Tenkan- and Kijun-sen lines are indicative of the bullish sentiment that is in place in the short-term. The RSI, which is rising as well, is also supporting the view for bullish momentum. The indicator though is well above the 70 overbought level, hinting to the possibility for a pullback from [..]

Stock Market News – Banking giants Citigroup and Bank of America to release quarterly earnings

Posted on January 15, 2018 at 4:05 pm GMT

S&P 500 constituents Citigroup and Bank of America, the fourth- and second-largest US banks by assets, are scheduled to report their Q4 2017 results before the market open on Tuesday and Wednesday respectively. The consensus recommendation for both banks is “buy” at the moment, in line with the average consensus recommendation for the Banks peer group. Citi’s earnings per share during Q4 are anticipated to stand at $1.19. This compares to $1.26 from five weeks ago, though still $1.19 – [..]

Stock market news – DAX: A good run, but bumpy road ahead

Posted on January 11, 2018 at 3:49 pm GMT

The German DAX managed to gain 12.5% in 2017, even despite the withdrawal of some stimulus by the European Central Bank (ECB) and a stronger euro. So far in 2018, the popular index has posted one of its strongest starts to a year, rising by more than 2.5% in just a few days. The DAX could finish the year even higher, though the ride there is likely to be bumpy and full of volatility amid political uncertainties and the prospect [..]

Technical Analysis – Japan 225 index could be losing steam in short-term; looking bullish in medium-term

Posted on January 11, 2018 at 3:31 pm GMT

The Japan 225 index has eased somewhat after recording a multi-decade high of 23,997 earlier in the week. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to bullish momentum. However, both lines are flat at the moment, this being a sign of positive short-term momentum losing steam. Also, the picture in the very short-term is looking grim as per the stochastics: the %K line has crossed below the slow %D line with both lines heading lower; [..]

Stock market news – Nikkei 225: Higher, with a little help from the BoJ?

Posted on January 10, 2018 at 3:44 pm GMT

The Nikkei 225 was on a tear in 2017, as Japan’s economic recovery and the Bank of Japan’s (BoJ) massive stimulus program helped the popular index to reach multi-decade highs, finishing the year 21.5% higher. A continuation of this environment could support the Nikkei even further in 2018, though the pace of the index’s appreciation may depend on other variables as well, such as global risk appetite. Japan’s economic upswing continued unabated in 2018. The nation’s economic data have not [..]

Stock market news – Dow Jones: Let the good times roll?

Posted on January 10, 2018 at 12:03 pm GMT

The Dow Jones industrial average index had one of its best performances on record in 2017, climbing an astounding 25%. The strong US economic outlook and expectations for a major tax overhaul were probably the main drivers behind the index’s surge. Looking at 2018, the Dow’s outlook remains bullish amid potential for major stock-buybacks by firms, though a lot could also depend on monetary policy and the path of US bond yields. A variety of factors can explain the Dow’s [..]

Technical Analysis – UK 100 index posts record high though RSI overbought

Posted on January 10, 2018 at 11:24 am GMT

The UK 100 index hit a fresh all-time high of 7,756.10 during today’s trading, with the index posting a notable rally since the beginning of December. The Tenkan- and Kijun-sen lines are positively aligned, pointing to a bullish picture in the short-term. The RSI is supporting this view: the indicator remains on the rise, though it has crossed above the 70 overbought level, rendering a short-term pullback a possibility. Further advancing could see the index finding a barrier around the [..]

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