Stock Market News / Page 126

Technical Analysis – Apple stock returns to gains; posts 2-week high

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

Apple stock price reached a 2-week high of 167.41 during Wednesday’s US session as the price extends its bullish run, following the rebound on the 150.00 critical psychological level. Also, the stock completed the third straight green day hitting the 20-day simple moving average, which overlaps with the current 167.30 resistance level. In the daily timeframe, from the technical point of view, technical indicators are endorsing the scenario for further gains. The MACD oscillator is rising in the negative territory [..]

Technical Analysis – US 100 index hits 11-day low; medium-term picture still bullish

Posted on February 2, 2018 at 11:27 am GMT

The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to this level. The RSI has been falling in recent days, hinting to a change in short-term dynamics from bullish to bearish. Turning to the stochastics, they’re giving a bearish signal in the very short-term as the [..]

Stock Market News – Amazon, Apple & Alphabet quarterly results keep investors on edge

Posted on February 1, 2018 at 3:54 pm GMT

Corporate giants Amazon, Apple and Google owner Alphabet will be releasing earnings reports for the quarter ending December 2017 after Wall Street’s closing bell on Thursday. The consensus recommendations for all three stocks is “buy”, with the average consensus recommendation for Amazon’s Department Stores peer group being a “hold”, while Apple’s and Alphabet’s peer groups – Computer Hardware and Online Services respectively – are also holding a “buy” recommendation. Amazon’s quarterly EPS are expected to come in at $1.84, with [..]

Stock Market News – Facebook and Microsoft eyed as earnings season continues

Posted on January 31, 2018 at 3:05 pm GMT

Technology heavyweights Facebook and Microsoft will be releasing financial results for the quarter ending December 2017 after Wednesday’s US market close, with the former also releasing full-year results. The consensus recommendation for both Facebook and Microsoft is a “buy”, with the average consensus recommendation for their peer groups – Online Services and Software respectively – also being a “buy”. Facebook’s quarterly EPS are expected to stand at $1.95, with analysts’ average EPS estimate being revised upwards from $1.94 over the [..]

Stock Market News – Pfizer in focus as earnings season remains under way

Posted on January 29, 2018 at 2:29 pm GMT

Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”. Pfizer’s EPS are expected to come in at $0.56, with the average EPS estimate remaining unchanged over the last four weeks. If earnings are released as expected, this would reflect an increase of more than 19% relative to Q4 2016 [..]

Technical Analysis – US 500 index posts fresh record high; RSI could be pointing to overextended market

Posted on January 24, 2018 at 11:03 am GMT

The US 500 index hit a fresh all-time high of 2,842.60 during today’s trading. The Tenkan-sen line remains above the Kijun-sen line – with both lines maintaining a positive slope – and the RSI indicator continues to rise. All these are indicative of the positive momentum that is in place. However, the RSI is well above the 70 overbought level at 84. This could be a sign of an overstretched market, rendering a pullback in the near-term a possibility. Further [..]

Stock Market News – Ford next in line to release quarterly earnings

Posted on January 23, 2018 at 2:19 pm GMT

Ford Motor Company is scheduled to release its Q4 2017 financial results on Wednesday after the US market close. Analysts’ consensus recommendation for the automaker is “hold”, this being in line with the Auto & Truck Manufacturers peer group. The company’s EPS are expected to stand at $0.44, down from $0.45 from four weeks ago. Despite the downward revision, should earnings come as anticipated, this would translate into an increase of 46.67% relative to the same quarter from the previous [..]

Technical Analysis – US 100 index trades near record high; RSI overbought

Posted on January 22, 2018 at 2:21 pm GMT

The US 100 index is currently trading close to its all-time high of 6,844.45 hit during Friday’s trading. Rising prices in recent weeks are setting a bullish picture for the index in the short-term. The RSI, which has been heading higher throughout this period, is supporting the view for a positive market bias. The indicator though has crossed above the 70 overbought level; this being interpreted as increased risk for a pullback in the short-term. The area around last week’s [..]

Stock Market News – Netflix reports quarterly results after closing bell in overall busy earnings week

Posted on January 22, 2018 at 11:44 am GMT

Entertainment company Netflix will be reporting its Q4 2017 results after Monday’s closing bell on Wall Street. The consensus recommendation for the company is a “buy”, the same as the average consensus recommendation for the Online Services peer group. The California-based company is expected to have made $0.41 in earnings per share during the final quarter of last year, this being a downward revision from the consensus estimate of $0.42 from four weeks ago. Still, should EPS come in [..]

Technical Analysis – US 30 index exceeds 26,000 to record fresh all-time high; bullish though RSI overbought

Posted on January 16, 2018 at 3:07 pm GMT

The US 30 index rose to a fresh record high of 26,084.50 during today’s trading after significant advancing in the days that preceded. The positively aligned and steep upward sloping Tenkan- and Kijun-sen lines are indicative of the bullish sentiment that is in place in the short-term. The RSI, which is rising as well, is also supporting the view for bullish momentum. The indicator though is well above the 70 overbought level, hinting to the possibility for a pullback from [..]

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