Stock Market News / Page 125

Stock Market News – Facebook shares drop below 200-DMA amid privacy investigation, but investors remain bullish in long term

Posted on March 28, 2018 at 10:22 am GMT

The share price of Facebook Inc has fallen by around 18% from its all-time high of $195.32 in late January as the company falls out of favour with investors following the data privacy scandal engulfing the social media giant. The revelation that Facebook was responsible for a breach of its user data and the subsequent handling of the affair by the CEO, Mark Zuckerberg, has evolved into the worst crisis the company has had to face. The scandal began on [..]

Technical Analysis – Google stock in bearish correction mode; steep losses are expected

Posted on March 23, 2018 at 2:52 pm GMT

Google stock price has been edging lower over the last five days, with the biggest drop being in Thursday’s session. The price hit the 1045.60 support level taken from the low on March 2, while the selling interest started from the bounce off the 1177 resistance level. The short-term momentum indicators are confirming the recent bearish bias. In the daily timeframe, from the technical point of view, the RSI recorded an aggressive bearish movement and slipped below the 50 level approaching the oversold zone. Moreover, the [..]

Stock Market News – Nike eyed ahead of quarterly earnings report; trade developments also in focus

Posted on March 22, 2018 at 2:22 pm GMT

Sportswear giant Nike is scheduled to release its earnings report for the quarter ending February 2018 after Wall Street’s closing bell on Thursday. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Footwear, its peer group. Nike’s quarterly EPS are projected to stand at $0.53, with analysts’ average EPS estimate remaining constant at this level over the last four weeks. If earnings come as expected, this would translate into a decrease by around [..]

Stock Market News – Ford outperforms on the back of analyst upgrade

Posted on March 14, 2018 at 4:06 pm GMT

Ford is outperforming during Wednesday’s trading, leading the list of gainers within the S&P 500. An upgrade in the company’s stock by an investment banking analyst acted as the catalyst behind today’s movement. Shares of Ford Motor Company jumped after an analyst with Morgan Stanley changed his view on the stock, adopting a bullish perspective on the vehicle maker from the previously held bearish one. Specifically, the analyst, who is top-rated by Thomson Reuters for recommendations on Ford, revised the [..]

Technical Analysis – Amazon stock creates all-time high; indicators endorse bullish bias

Posted on March 14, 2018 at 2:19 pm GMT

Amazon stock price recorded another all-time high of 1613.91 yesterday but ended the day in the red. Prices broke above the 1525 barrier over the previous sessions and are currently trying to post some gains. The bullish picture in the medium-term is further supported by the technical indicators. Short-term momentum indicators are also pointing to a continuation of the bullish bias. The MACD oscillator jumped above its trigger line with strong momentum while the RSI indicator is holding in the [..]

Stock Market News – Boeing outperforming but escalation of trade tensions can cloud the company’s outlook

Posted on March 8, 2018 at 4:28 pm GMT

Boeing is outperforming major US benchmarks so far in 2018, being up by an impressive 17.7% year-to-date. However, the company’s outlook might get grimmer given than a significant proportion of its clients come from outside the US, with the firm being at risk of facing sanctions should trade tensions get out of control, leading to a trade war. The multinational corporation reported robust Q4 2017 results in late January that beat analysts’ projections and contributed to its strong year-to-date performance. [..]

Stock Market News – As Geneva Motor Show gets underway, trade tariffs and decline of diesel weighs on outlook for European auto stocks

Posted on March 7, 2018 at 4:55 pm GMT

As the world’s largest motor show gets underway in Geneva this week, European car makers are using the event to showcase their latest hybrid and electric vehicles in a bid to reassert their place in the future of the car industry. European car manufacturers are seen to be lagging in the race for electric or zero-emission vehicles. The German car industry, in particular, had become reliant on diesel technology. But following the Volkswagen emissions scandal, the future of diesel cars [..]

Technical Analysis – Netflix stock strongly bullish; looking overbought

Posted on March 7, 2018 at 1:31 pm GMT

Netflix stock price reached another all-time high of 325.44 yesterday as the stock extended a long bull run and posted the third green day in a row. Prices broke above the 161.8% Fibonacci extension level at 317.45 of the last bearish correction from 286.00 to 235.70. The bullish picture in the medium-term is further supported by the technical indicators. Short-term momentum indicators are also pointing to a continuation of the bullish bias. The MACD oscillator jumped above its trigger line [..]

Technical Analysis – Facebook in bearish correction mode; pauses on 23.6% Fibonacci level

Posted on March 2, 2018 at 12:56 pm GMT

Facebook stock price has been heading sharply lower over the last three days, hitting the 23.6% Fibonacci retracement level at 175.93 of the upleg with the low of 114.00 and the high of 195.10. The price extended its losses following the pullback on the 185.60 resistance level and the short-term momentum indicators are confirming the recent bearish bias. In the daily timeframe, from the technical point of view, the MACD oscillator is falling in the negative approaching its trigger line, [..]

Stock Market News – Amazon hits record high above $1,500; market’s valuation equivalent to more than 2.5 Walmarts

Posted on February 22, 2018 at 2:58 pm GMT

Retail giant Amazon reached a fresh all-time high during Wednesday’s trading, exceeding $1,500. By the end of the session it lost some ground amid a broader market retreat, though it still finished the day higher, with its market capitalization settling at $717.9 billion. For a bit of perspective, retailer Walmart, whose stock price recorded losses after delivering an earnings miss earlier in the week, has a market cap of $271.1bn. Amazon is thus valued as 2.6 Walmarts at the moment. [..]

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