Stock Market News

Apple’s earnings: Moment of truth – Stock Market News

Posted on July 28, 2020 at 1:29 pm GMT

The world’s largest company by market cap will release its latest results on Thursday after Wall Street’s closing bell. The stakes couldn’t be higher as Apple’s shares have risen almost 30% this year despite falling earnings, so a lot of ‘hope’ is already priced in. Has the stock run too far ahead of fundamentals and is a reality check in order? Beyond its own shares, Apple’s results – and those of Amazon, Facebook, and Google on the same day – [..]

Technical Analysis – Facebook stock fails to improve positive picture

Posted on July 28, 2020 at 1:12 pm GMT

Facebook’s stock price retreated beneath the all-time high of 249.60, trading around the 50-day simple moving average (SMA). The upside picture faded in the very short term as the MACD oscillator dropped beneath its trigger line near the zero level, while the RSI is holding in the negative territory, suggesting some losses may be on cards. If the stock price successfully surpasses the 50-day SMA, immediate resistance is coming from the red Tenkan-sen line at 236.85 before pausing its move at 249.60. [..]

Microsoft earnings set for virus boost but overvalued stock faces downside risks – Stock Market News

Posted on July 22, 2020 at 12:19 pm GMT

US software giant, Microsoft Corporation, will announce its earnings results for the June quarter on Wednesday after the market close. Like most of its tech peers, Microsoft is expected to report year-on-year growth in revenue, bucking the depressing trend of the broader market where top lines have been negatively impacted by the coronavirus. But with the recent equities rally pushing the Company’s stock price well into the overvalued zone, will the earnings guidance impress investors who have become somewhat more [..]

Will Tesla earnings live up to the hype as stock surges again? – Stock Market News

Posted on July 22, 2020 at 12:17 pm GMT

Tesla Inc. has been an unstoppable force in the electric vehicle (EV) market and lately it’s been taking over the stock market as well, as its share price has skyrocketed by around 275% this year. But as Tesla attracts huge interest from across the trading community about the potential of its electric car technology, can its second quarter earnings satisfy the bloated expectations? The Company is scheduled to announce its results on Wednesday after the market close. Tesla sales not [..]

Technical Analysis – Tesla stock erases some gains after sharp buying interest

Posted on July 22, 2020 at 12:13 pm GMT

Tesla’s stock price has been in a slightly recovery mode after the skyrocketing to a record high of 1785.43 on July 13. The price remains above the 23.6% Fibonacci retracement level of up leg from 350 to 1785.43 at 1446, however, the RSI looks overbought as it turns lower above the 70 level. Also, the MACD oscillator is weakening its momentum, though it holds above its trigger and zero lines. In case of steeper declines immediate support is coming from [..]

Technical Analysis – US 30 index regains strength above SMAs and Ichimoku cloud

Posted on July 17, 2020 at 5:26 am GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above the blue Kinjun-sen line may keep upside risks alive in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, comfortably above zero, has slipped below its [..]

Technical Analysis – US 30 index improves above MA’s and Ichimoku cloud

Posted on July 16, 2020 at 3:40 pm GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above its blue Kinjun-sen line boost positive momentum in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, deep in the positive section, has slipped below its [..]

Netflix earnings: Beating a low bar, but storm clouds ahead – Stock Market News

Posted on July 14, 2020 at 1:26 pm GMT

The world’s leading streaming provider will announce its second-quarter earnings on Thursday after Wall Street’s closing bell, and investors will be eager to find out how many subscribers the firm added amid the lockdowns. Admittedly, that bar has been set pretty low, so Netflix will likely have an easy time beating the gloomy forecasts. If so, that would argue for a positive reaction in its shares. That said, the stock has already rallied a long way and is trading at [..]

US big banks report Q2 earnings, could S&P 500 resume bull game? – Stock Market News

Posted on July 14, 2020 at 9:13 am GMT

US banks will kick off the earnings season for the second quarter this week in the pre-market session. JPMorgan Chase & Co, Citigroup, and Wells Fargo are reporting financial results on Tuesday, while on Wednesday, Goldman Sachs is announcing its own numbers before Bank of America and Morgan Stanley take the baton on Thursday. The data are arriving at a crucial time and could prove to be directional as markets are wondering whether the second virus outbreak can be a [..]

Technical Analysis – GER 30 index stalls appreciation above SMAs; momentum slows

Posted on July 13, 2020 at 3:27 pm GMT

Germany 30 Index (Cash) seems skewed to the upside as the price has moved above the rising simple moving averages (SMAs) and the Ichimoku cloud. Although the sideways market looks to be tipping towards the upside, it is currently on weak positive momentum, something also reflected in the Ichimoku lines and the short-term oscillators. The MACD, is holding above its red trigger line in the positive area with weak momentum, while the RSI gradually points higher in the positive region. [..]

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