Stock Market News

Stock Market News – JPMorgan and Wells Fargo reporting quarterly results as earnings season kicks off

Posted on January 9, 2018 at 2:50 pm GMT

JPMorgan Chase and rival Wells Fargo will be reporting Q4 2017 results before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for both banks is “hold”, with the average recommendation for the Banks peer group being a “buy”. Expectations are for JPMorgan’s quarterly earnings to stand at $1.68 per share according to Thomson Reuters I/B/E/S estimates, with the latest change in analysts’ forecasts being to the downside. This compares to $1.71 from the same quarter last [..]

Technical Analysis – US 500 index crosses above 2,700 to record all-time high; looking bullish in short- and medium-term

Posted on January 3, 2018 at 2:57 pm GMT

The US 500 index recorded an all-time high of 2,701.80 during today’s trading. A positive close would mark the second straight day of advancing after gaining 0.8% on Tuesday. The Tenkan- and Kijun-sen lines are positively aligned, with the former being above the latter. This is pointing to positive momentum in the short-term. The stochastics are also painting a bullish picture in the very-short-term: the %K line has moved above the slow %D line and both lines are heading higher. [..]

Stock Market News – Apple retreats as investors revise iPhone X sales projections but is positioning merely an overreaction?

Posted on December 27, 2017 at 4:19 pm GMT

Shares of iPhone-maker Apple Inc. fell by 2.5% during Tuesday’s trading, finishing at their lowest in two weeks and acting as a drag on the Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite. The sell-off was spurred by investors’ worries on whether iPhone X sales will live up to the pre-release hype. Numerous brokers cutting their demand projections for Apple’s high-end product, the iPhone X, fueled investors’ concerns, who in turn placed bearish bets on the stock during [..]

Technical Analysis – US 100 index not far below all-time high; stochastics signal possible pullback in very short-term

Posted on December 21, 2017 at 11:28 am GMT

The US 100 index is currently trading relatively close to the all-time high of 6,525.00 hit on Monday. The bias in the short-term remains positive as indicated by the Tenkan-sen line being above the Kijun-sen one, despite the index losing some ground in the two days that preceded. However, the stochastics are suggesting that the pullback might continue in the very short-term: the %K line has crossed below the slow %D line, with both lines currently heading lower. This is [..]

Stock Market News – Financials could be in for a hard landing should deregulation stall

Posted on December 18, 2017 at 3:38 pm GMT

The likely passage of tax reform legislation before the end of the year, as well as prospects for deregulation in the banking sector, have been pushing shares within the financial sector higher. However, after Republicans lost a Senate seat in Alabama last week, one should wonder whether the market is getting ahead of itself in terms of bullish bets on financials, given that the outlook for deregulation is now under threat as Republicans – who are the ones expected to [..]

Technical Analysis – US 30 index bullish in the short- and medium-term; RSI though overbought

Posted on December 15, 2017 at 11:31 am GMT

The US 30 index has been advancing for the most part in recent days, reaching an all-time high of 24,678.00 during yesterday’s trading. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to a bullish short-term picture for the index. The RSI, which has been moving higher in recent weeks, supports a positive view in the short-term, though it has crossed into overbought territory above the 70 level, rendering a short-term pullback a possibility. Turning to [..]

Stock Market News – Energy stocks: a short-term tactical trade or is long-term appreciation to be expected?

Posted on December 12, 2017 at 4:23 pm GMT

WTI and Brent crude have recorded strong gains since roughly the completion of the first half of the year. Year-to-date, they’re up by 8.6% and 14.9% respectively, while their appreciation from the year’s lows in late June stands at 38.7% and 47.2%. Both benchmarks currently trade around 2-½-year highs. Energy stocks have been beneficiaries of this rise in oil prices during the second half of the year. The positive performance in energy stocks throughout most of the second half of [..]

Stock Market News – Tech selloff: an opportunity to buy the dip?

Posted on December 5, 2017 at 4:22 pm GMT

Following the Senate’s approval of the tax bill over the weekend, the Dow Jones Industrial Average posted a record-high close during Monday’s trading. Despite finishing at an all-time high though, positive sentiment from earlier in the day was not maintained and the blue-chip index gave up on most of its earlier gains. The S&P 500 slid by 0.1%, with technology stocks being a notable underperformer dragging the index lower from a 0.9% gain at its session high, and the tech-heavy [..]

Stock Market Update – Europe gains broadly as tax bill boosts sentiment; US markets expected to open higher

Posted on December 4, 2017 at 11:41 am GMT

In Asia, the Japanese Nikkei 225 and Topix indices both finished the day lower by 0.5%. Hong Kong’s Hang Seng rose by 0.2%, while the Shanghai Composite retreated by the same proportion. Australia’s S&P/ASX 200 slid by 0.1%. It is interesting that Asian equities didn’t benefit from upbeat sentiment following the passage of the much-talked tax bill by the US Senate over the weekend, neither – in the case of Japanese stocks –from the rising dollar/yen pair. European bourses however, traded [..]

Stock Market Update – Sea of red in Europe; Asia mixed; US tax bill judgement day

Posted on December 1, 2017 at 11:34 am GMT

Asian equities projected a mixed picture today. In Japan, the Nikkei 225 and the Topix indices finished the day higher by 0.4% and 0.25% respectively. Earlier in the day, the Nikkei advanced by as much as 1.2% to stand at its highest since 1992, however it didn’t manage to sustain those gains. Hong Kong’s Hang Seng lost 0.35% and the Shanghai Composite remained flat. Australia’s S&P/ASX 200 added 0.3%. Major Wall Street indices all managed to finish the day higher [..]

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