Stock Market News / Page 124

Stock Market News – Boeing’s quarterly earnings report due amid raft of corporate releases

Posted on April 24, 2018 at 1:47 pm GMT

Plane-maker Boeing will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Aerospace & Defense, its peer group. The Chicago-headquartered firm is forecast to have made $2.58 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations represent an [..]

Technical Analysis – Ebay stock retreats after touching 43.00 key level; bullish in long-term

Posted on April 24, 2018 at 12:24 pm GMT

Ebay stock price has been retreating in the past two trading days following the strong pullback on the 43.00 handle on Friday. When looking at the bigger picture the price has been trading higher since June 2016 after its rally from 22.29 support level. In the weekly timeframe, the 50-simple moving average (SMA) is ready for a bullish cross with the 200-SMA, signaling further gains. Turning our attention in the daily timeframe, the price touched the 40-SMA, which is acting as strong support [..]

Stock Market News – Alphabet in focus ahead of quarterly earnings report

Posted on April 23, 2018 at 2:22 pm GMT

Tech giant and Google-parent Alphabet is scheduled to release its earnings report for Q1 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, the same as the average consensus recommendation for the Online Services peer group. Alphabet’s quarterly earnings per share (EPS) are anticipated to come in at $9.28 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations reflect a downward revision from $9.33 [..]

Technical Analysis – Verizon stock remains under pressure; could weaken further in short-term

Posted on April 23, 2018 at 1:05 pm GMT

Verizon stock is looking more neutral to bearish in the near term as prices have slipped and have remained below the 49.20 strong resistance level since February 20. Although prices have found support from the 20- and 40-day simple moving averages the upside momentum appears to have run out of steam as prices have been attempting and failing to close above the aforementioned resistance barrier. The bearish bias is also supported by the RSI indicator, which has been hovering slightly below the 50-neutral [..]

Technical Analysis – Google stock jumps above 40-day SMA; endorses bullish scenario again

Posted on April 20, 2018 at 9:13 am GMT

Google stock price edged higher over yesterday’s session, jumping above the 40-day simple moving average (SMA). The price rebounded on the 980.00 support level, which overlaps with the long-term ascending trend line, which has been standing since June 2015.The short-term momentum indicators are confirming the recent bullish bias. In the daily timeframe, from the technical point of view, the stochastic oscillator records an aggressive bullish movement and entered the overbought zone, while the MACD oscillator is moving towards the positive area. [..]

Technical Analysis – General Electric stock strongly bearish; looking oversold

Posted on April 19, 2018 at 1:20 pm GMT

General Electric stock price is trying to snap the 13 losing sessions in a row it recorded in the monthly chart, while the price is currently trading slightly to the upside. The aggressive bearish rally started after the pullback on the 30.50 resistance level, driving the price towards the 12.70 low in the previous month. Moreover, the price is holding within the narrow Bollinger band in the daily timeframe, while it touched the upper boundary in the last few hours, failing to move higher. [..]

Stock Market News – Morgan Stanley next in line to release quarterly results

Posted on April 17, 2018 at 2:23 pm GMT

Investment banking giant Morgan Stanley will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Investment Banking & Brokerage Services peer group. The New York-based firm is forecast to have made $1.25 in earnings per share (EPS) during the first quarter of the year according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional [..]

Stock Market News – Netflix reports quarterly results after closing bell with earnings season in full swing

Posted on April 16, 2018 at 2:40 pm GMT

Entertainment company Netflix will release its earnings report for the first quarter of 2018 after Monday’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. The provider of media streaming services is anticipated to have made $0.64 in earnings per share (EPS) during Q1 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – an estimate [..]

Stock Market News – JPMorgan, Citigroup and Wells Fargo eyed as Q1 earnings kick off

Posted on April 12, 2018 at 3:31 pm GMT

Banking giants JPMorgan Chase, Citigroup and Wells Fargo will all be releasing Q1 2018 earnings reports before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for the former two is “buy” – in line with the average recommendation for the Banks peer group – while Wall Street analysts assign, on average, a “hold” recommendation for Wells Fargo. JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.28 according to analysts submitting their forecasts to [..]

Technical Analysis – Microsoft stock remains strongly bearish; attempts to break lower

Posted on March 29, 2018 at 1:36 pm GMT

Microsoft stock retreated again after finding resistance near the 95.30 barrier this week. The price completed four consecutive negative sessions in the 4-hour chart, plunging below the 20- and 40-period simple moving averages (SMA). The technical picture now supports that the bearish bias is likely to continue in the short-term. Looking at the momentum indicators, the RSI is negatively sloped, slightly lower its neutral threshold of 50, while the stochastic is falling towards the 20 level, signaling that the market is approaching oversold territory. In the wake of negative [..]

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