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Alphabet Q4 Earnings: Ad and cloud segments shine, focus on AI – Stock Markets

Posted on January 24, 2024 at 2:27 pm GMT

Alphabet reports earnings after market close on January 30 Forecasts point to double-digit revenue and earnings growth Despite its latest rally, stock remains cheap against tech clan Not great, not terrible Alphabet had a fantastic 2023, while the stock has started the new year in buoyant form as the hype around Artificial Intelligence (AI) stocks shows no signs of easing. Despite its leading position in the tech sphere, Google’s parent company has failed to outperform the tech-heavy Nasdaq 100 in the past [..]

Technical Analysis – Netflix stock stable within bullish area

Posted on January 23, 2024 at 10:57 am GMT

Netflix stock holds neutral tone as Q4 earnings awaited after market close Resistance near 494; support within 466-475 area Netflix’s stock could not reach the top of the short-term bullish channel while it also closed below December’s highs despite spiking to a record high of 502.35 two weeks ago. The stock has been on the sidelines since then, keeping hopes for a bullish continuation low.Nevertheless, the RSI has not crossed below its 50 neutral mark yet, and the stochastic [..]

Technical Analysis – US 500 index skyrockets to new all-time high

Posted on January 22, 2024 at 10:23 am GMT

US 500 index still confirms a strong upside tendency MACD and RSI in positive territories Next resistance at 161.8% Fibonacci extension The US 500 cash index has been in a prolonged uptrend since the end of October, posting a fresh all-time high of 4,858 earlier today. After a period of rangebound trading, the pair stormed above the 4,800-4,817 region, which is now acting as support area. According to technical indicators, the RSI is moving towards the 70 level and the [..]

Technical Analysis – Nvidia stock conquers uncharted territories

Posted on January 22, 2024 at 9:44 am GMT

Nvidia extends rally and hits new all-time high Oscillators point to extremely positive momentum Investors may continue exploring uncharted areas Nvidia’s stock surged on Friday, extending its prevailing rally, and hitting a new record high of around 594. The stock has been climbing north since January 8, when it exited the sideways range between 405 and 505, within which it was trading since mid-May. This has turned the technical outlook back to overly positive. The daily oscillators corroborate that view. [..]

Netflix Q4 earnings: Closing the year with cheer – Stock Markets

Posted on January 18, 2024 at 4:11 pm GMT

Netflix to report Q4 earnings on Tuesday 23 after market closes Shares finish the year strong; future looks promising too Netflix outperforms major US indices Netflix’s stock has been in the green almost every single month since the shocking six-month freefall sank the price to a five-year low of 161.38 in June 2022. The pair has recovered more than half of this damage to climb to a high of 502.35 last week, marking a 44.5% gain year-on-year, which is double [..]

Tesla announces earnings results amid price cuts – Stock Markets

Posted on January 18, 2024 at 3:41 pm GMT

After a strong 2023, Tesla starts 2024 on a very weak note Price cuts and other negative developments weigh Yet, it has the most expensive valuation within the ‘Magnificent 7’ group The EV giant announces results on Wednesday, after the closing bell Is another drop in earnings looming? Tesla’s stock made an impressive start in 2023, surging from a low of around 113 to a high of 281 in July. And although the performance during the remaining months was more [..]

Technical Analysis – Could the US 100 cash index continue to range trade?

Posted on January 18, 2024 at 11:26 am GMT

US 100 index continues to trade a tad below its recent all-time high Its failure to record a higher high above 16,972 is raising eyebrows Momentum indicators in waiting mode, stochastic oscillator‘s next move is key The US 100 cash index is higher today, reacting to Wednesday’s strong red session. The index is currently battling with the November 22, 2021 high at 16,767, not far from its recently recorded all-time high of 16,972 and a tad above the long-term January 6, [..]

Microsoft to unveil earnings as AI-powered boom persists – Stock Markets

Posted on January 17, 2024 at 2:26 pm GMT

Microsoft will release quarterly earnings on Tuesday, January 30, after closing bell A strong quarter is expected, driven by artificial intelligence operations Shares are expensive from a valuation perspective, reflecting future growth Microsoft takes the crown With its share price rocketing higher in recent months, Microsoft has become the world’s most valuable company by market capitalization, taking the crown away from Apple. The tech titan has established itself as a major player in several rapidly-growing industries such as cloud [..]

Technical Analysis – US 30 cash index range-trading could end soon

Posted on January 16, 2024 at 9:46 am GMT

US 30 index continues to trade within a tight range below its all-time high Aggressive move higher from the October lows has probably ended Stochastic oscillator ready to send a strong bearish signal The US 30 cash index is in the red today as it continues to range-trade a tad below its recent all-time high of 37,813. The impressive rally from the October 27, 2023 low of 32,324 has probably ended as the market appears to be in a waiting [..]

Technical Analysis – Morgan Stanley stock slides ahead of earnings

Posted on January 15, 2024 at 2:19 pm GMT

Morgan Stanley shares are on the retreat in the past few sessions Decline driven by the repeated inability to conquer the 78.6% Fibo Short-term oscillators point to more losses ahead Morgan Stanley’s stock has been staging a V-shaped recovery since its 2023 bottom in October, jumping above the crucial trendline drawn from its February peak. However, the price has been undergoing a pullback in the past few sessions after getting rejected at the 78.6% Fibonacci retracement of the 100.87-69.33 [..]

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