Stock Market News / Page 113

Technical analysis – Nvidia stock continues to struggle below SMAs

Posted on February 1, 2019 at 10:19 am GMT

Nvidia’s stock opened with a gap lower on January 28, crossing back below its 50-day simple moving average (SMA). The fact that the price structure on the daily chart still consists of lower highs suggests that the medium-term picture remains cautiously negative, though a decisive break back above the 50-day SMA could turn it to a more neutral one. Momentum oscillators concur, as the RSI is still below its neutral 50 level but is sloping up while the MACD has [..]

Google parent Alphabet expected to deliver stellar earnings – Stock Market News

Posted on February 1, 2019 at 9:50 am GMT

Alphabet Inc, the parent company of tech behemoth Google, will reports its earnings for the fourth quarter of 2018 on Monday after the US close. The company could outshine its tech peers as it’s anticipated to report another robust quarter. Analysts remain bullish about the company’s stock with a mean recommendation of ‘buy’, in line with the industry average for the online services sector. The holding entity of the Google group of companies will be the last of the FAANG [..]

Technical Analysis – General Electric stock strongly bearish but stands above 50-day SMA

Posted on January 31, 2019 at 12:47 pm GMT

General Electric stock price is trying to complete the eighth consecutive green week after the bounce off the 6.70 support level. The aggressive bearish rally started after the pullback on the 33.00 resistance level, driving the price towards the 6.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe as it failed to move higher after it almost touched the upper boundary. Looking at momentum oscillators on the daily chart, they suggest [..]

Technical Analysis – Tesla stock rebounds on 280 but remains in long-term trading range

Posted on January 30, 2019 at 1:24 pm GMT

Tesla stock price has been trading within a consolidation zone over the last 18 months with upper boundary the 387 resistance level and lower boundary the 245 support barrier. Looking at the short-term timeframe, the price rebounded on the 280 level, while the technical structure confirms the positive bias. The stochastic oscillator continues to move higher towards the overbought level. Another wave of advances in the stock could stall initially near the 200-day simple moving average (SMA), which stands near 314. An upside break [..]

Stock Market News – Microsoft and Facebook release results; earnings season in full swing

Posted on January 30, 2019 at 10:37 am GMT

Both Microsoft and Facebook will announce their earnings on Wednesday, after Wall Street’s closing bell. These tech behemoths had vastly different years in 2018, with Microsoft shares surging on the back of strong cloud services growth, but Facebook taking a hit amid privacy scandals. That said, the tides may be turning in 2019, as Microsoft is underperforming markets year-to-date while Facebook is outperforming. Guidance by management from both companies will be key. Microsoft The world’s second-largest company by market capitalization [..]

Stock Market News – Tesla to report second profitable quarter but demand outlook could disappoint

Posted on January 29, 2019 at 2:32 pm GMT

Hot on the heels of its profit warning, Tesla Inc on Wednesday will publish its earnings results for the fourth quarter and full year 2018. After a record third quarter when sales surged, the company is expected to report smaller quarterly profits, despite higher deliveries, as costs soar and profit margins narrow. Tesla is expected to reveal Q4 revenue of $7.08 billion on Wednesday, according to Thomson Reuters I/B/E/S estimates, when it announces its latest earnings after the market close. [..]

Technical Analysis – Facebook stock continues recovery from 2-year bottom; holds above 50-SMA

Posted on January 29, 2019 at 1:53 pm GMT

Facebook stock price rebounded on the two-year low of 123.30, registered on December 21. Currently, the price holds above the 50-day simple moving average and the 23.6% Fibonacci retracement level of the downleg from 218.44 to 123.30, around 145.74. The stochastic is detecting upside momentum as the %K line posted a bullish crossover with the %D line, while the MACD is flattening in the positive zone. Further upside recovery in the stock may encounter immediate resistance near the 152.00 zone, marked [..]

Can Apple’s earnings turn its fortunes around? – Stock Market News

Posted on January 28, 2019 at 2:17 pm GMT

Apple will release its fiscal first-quarter earnings on Tuesday, after the US market close. Since the firm has already provided estimates on revenues lately, traders will focus mainly on the management’s guidance for the next quarter. It’s striking that after being the market’s darling for several years, recent weakness in sales has turned Apple into an underperformer with a relatively attractive valuation. The California-based tech behemoth rattled markets in early January, when it issued preliminary estimates for its upcoming quarterly [..]

Ebay to double annual revenue growth in Q4, Amazon could lag – Stock Market News

Posted on January 28, 2019 at 11:14 am GMT

Ebay Inc and Amazon.com Inc report earnings results on Tuesday and Thursday respectively. Reuters analysts assign an average recommendation of “buy” for Amazon’s shares, whereas for Ebay the average recommendation is “hold”. Amazon.com Inc The third quarter was a market disappointment for Jeff Bezos’ e-commerce giant Amazon.com Inc. Despite earnings beating analysts’ estimates at $5.75 per share, company’s revenues missed forecasts, clocking in at $56.6 billion versus $57.10bln expected. its revenue guidance for the fourth quarter was also under consensus [..]

Technical Analysis – Apple stock edges higher; outlook remains negative in medium term

Posted on January 28, 2019 at 10:57 am GMT

The Apple stock rebounded on the multi-month low of 141.90 that was reached on January 3. The RSI and the MACD are endorsing the recent upside move with the former sloping up marginally below its 50 neutral mark and the latter strengthening its positive momentum above the red trigger line. Trend signals however are still negative as the “death cross” between the 50- and the 200-day simple moving averages (SMA), occurred last month, suggesting that the long-term downtrend will hold in place. In case of a climb above [..]

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