Stock Market News / Page 123

Technical Analysis – Facebook stock holds below 3-month highs; outlook still positive

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

Facebook stock prices have reversed back down again after finding resistance at the three-month high of 188.23 achieved May 11. The neutral picture in the very short-term outlook looks to last for a while longer after prices failed to break above the aforementioned high. The price is struggling below the 185.60 level and the technical indicators are moving with weak momentum. The resistance that was met at 188.23 is forcing the price to reverse lower. In the daily chart, the RSI indicator is sloping slightly [..]

Stock Market News – Walmart quarterly earnings on the horizon; rising Treasury yields a consideration

Posted on May 16, 2018 at 2:45 pm GMT

Retail giant Walmart is scheduled to release its Q1 earnings report before Thursday’s US market open. The consensus recommendation for the company is “buy”, which favorably compares to the “hold” average consensus recommendation for the Food Retail & Distribution peer group. The supermarket chain’s earnings per share (EPS) are anticipated to come in at $1.12 during its fiscal first quarter ending in April, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). [..]

Cisco in the spotlight ahead of earnings report – Stock Market News

Posted on May 16, 2018 at 2:42 pm GMT

Technology conglomerate Cisco Systems is due to release its earnings report for Q1 2018 on Wednesday after Wall Street’s closing bell. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for Communications Equipment, its peer group. The California-based technology giant is anticipated to report earnings per share (EPS) of $0.65 for the first quarter of 2018, according to twenty-eight analysts submitting their forecasts to the Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate [..]

Technical Analysis – Amazon stock loses momentum after struggling to break above upper channel boundary

Posted on May 14, 2018 at 1:03 pm GMT

Amazon stock prices have been consolidating since February 12 and have been stuck in a sideways channel with upper boundary the 1621 resistance level and lower boundary the 1353 support hurdle. The neutral picture in the medium-term looks to last a while longer after prices failed to break the upper channel on Thursday. Resistance was met near the aforementioned resistance barrier, forcing the price to reverse lower. The negative bias in the near term is supported by the deterioration in [..]

Stock Market News – Nvidia eyed ahead of quarterly results; chipmaker at all-time highs

Posted on May 10, 2018 at 2:14 pm GMT

Tech company Nvidia will be releasing its Q1 earnings report after Thursday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Semiconductors, its peer group. Nvidia’s stock finished Wednesday’s session at its highest on record and Wall Street analysts are increasingly getting more bullish on its stock. These render today’s release one of the most anticipated of the earnings season. The chipmaker is forecast to have made $1.47 in [..]

Stock Market News – Tesla next in line to release quarterly results; FOMC statement could affect overall sentiment

Posted on May 2, 2018 at 2:07 pm GMT

Electric vehicle-maker Tesla is scheduled to release its earnings report for Q1 2018 after Wednesday’s US market close. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Auto & Truck Manufacturers peer group being a “buy”. The California-based company’s first quarter earnings per share (EPS) are anticipated to come in at -$3.58 according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – i.e. the company is [..]

Stock Market News – Apple quarterly results in focus in another busy earnings week

Posted on April 30, 2018 at 3:20 pm GMT

Tech behemoth Apple will be releasing its earnings report for the quarter ending March 2018 after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Phones & Handheld Devices, its peer group. The world’s largest company by market cap is forecast to have made $2.69 in earnings per share (EPS) during its fiscal second quarter according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

Technical Analysis – Exxon Mobil holds in bullish retracement mode; SMAs endorse uptrend

Posted on April 26, 2018 at 1:31 pm GMT

Exxon Mobil stock price has been creating a bullish correction movement after it touched a more than two-year low of 72.10 in early April. Prices broke above the 38.2% Fibonacci retracement level near 78.64 of the downleg from 89.20 to 72.10 and are trading above their simple moving averages in the daily timeframe. The bullish picture is further supported by the technical indicators. In the daily timeframe, the RSI indicator is sloping to the upside in the positive territory, while the MACD [..]

Stock Market News – Facebook eyed ahead of quarterly earnings report; rising yields a consideration for investors

Posted on April 25, 2018 at 2:43 pm GMT

Social networking giant Facebook is scheduled to release its earnings report for the first quarter of the year after Wednesday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group. This is the first report by the firm after the Cambridge Analytica scandal, something which might bring it under more scrutiny by the investor community than would otherwise have been the case. Facebook’s Q1 2018 earnings [..]

Technical Analysis – Time Warner still consolidating; unable to break above 97.50 key level

Posted on April 25, 2018 at 1:11 pm GMT

Time Warner has been consolidating since November 2017 and has been stuck in a channel tilted to the upside. The positive picture in the medium term is at risk of becoming neutral after prices failed to break the 97.50 resistance level several times in the past. In the daily timeframe, the RSI indicator is sloping down at the 50-neutral level, suggesting a neutral picture in the short term. However, the possibility of an upside reversal in the near term is [..]

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