Stock Market News / Page 19

Disney to report higher earnings but will its shakeup plan impress? – Stock Markets

Posted on November 7, 2023 at 3:22 pm GMT

Walt Disney will unveil its fiscal Q4 earnings on Wednesday after the closing bell Cost cutting and price hikes likely boosted earnings per share But slowing revenue growth and downbeat guidance may weigh on the stock Trouble at the top The Walt Disney Company (Disney) has been undergoing a significant overhaul this year as returning CEO, Bob Iger, attempts to streamline the flagging business following several years of major acquisitions. There have been further changes at the very top of [..]

Could surprise indices explain market movements? – Special Report

Posted on November 7, 2023 at 1:23 pm GMT

Surprise indices are an easy way of mapping the current state of an economy Our index confirms that the US economy has been losing steam the past few weeks Could EURUSD moves be explained by our surprise indices? Theory states that the price of financial assets should reflect the underlying economic conditions in the respective region. While this tends to occur from a long-term perspective, a good chunk of the movements occurring in the short-term are dictated by sentiment and [..]

Technical Analysis – Is the US 500 cash index at the start of a new uptrend?

Posted on November 3, 2023 at 9:47 am GMT

US 500 cash index trades sideways today after strong rally Impressive weekly rebound amidst key market events Momentum indicators cautiously supportive of current upleg The US 500 cash index is trying to record its fifth consecutive green candle and further increase the 5% jump recorded this week. It is now preparing to test the resistance set by the long-term October 13, 2022 ascending trendline. Despite the current rally, the bearish series of lower highs and lower lows remains firmly in [..]

Technical Analysis – Starbucks stock leaps higher after earnings beat

Posted on November 2, 2023 at 3:44 pm GMT

Share price jumps more than 10%, hits 200-day SMA But formation of doji candlestick raises doubts about new uptrend Starbucks stock shot higher on Thursday, opening with a gap higher, after the company reported much stronger-than-expected earnings results for the third quarter. The jump has taken the price above all the simple moving averages (SMA). However, the move above the 200-day SMA is looking a bit shaky as a doji candlestick appears to be forming. Nevertheless, the near-term momentum remains bullish [..]

Technical Analysis – Is that a dead cat bounce in the US 100 stock index?

Posted on November 2, 2023 at 1:46 pm GMT

US 100 gains bullish impetus after bouncing near 200-SMA Short-term bias shows improvement, but uncertainty remains A bullish reversal or a dead cat bounce? The US 100 stock index (cash) picked up steam on Wednesday, extending its bounce off a five-month low of 14,057 to a high of 14,833. The price is currently aiming for a close above its 20- and 50-day simple moving averages (SMAs) after avoiding a drop below the long-term 200-day SMA last week. That said, its [..]

Technical Analysis – Apple stock held down by 200-day SMA

Posted on November 1, 2023 at 4:05 pm GMT

Apple stock battles with 200-day SMA ahead of Q3 earnings Dropped to its lowest since May before recouping some losses Oscillators improve but still in negative zone Apple’s share has been in a clear downtrend after recording a fresh all-time high in mid-July, dropping below its 200-day simple moving average (SMA) for the first time since March. Although the price managed to halt its retreat at the six-month bottom of 165.50, momentum indicators suggest that the bulls remain on the [..]

Apple braces for a mixed bag of earnings – Stock Markets

Posted on October 31, 2023 at 3:02 pm GMT

Apple reports Q3 financial results on Thursday after closing bell Revenue expected to contract but earnings will pick up Share price fell below 200-day SMA for the first time since March Solid year but financials lag The most valuable publicly traded company in the world has been exhibiting a strong performance in 2023, with its share price moving in lockstep with the Nasdaq 100 despite the firm’s deteriorating financials. Apple’s revenue has been falling for three consecutive quarters and the streak [..]

Technical Analysis – AMD stock in a downward path ahead of earnings

Posted on October 26, 2023 at 2:19 pm GMT

AMD stock has generated a structure of lower highs and lower lows Its close below the 200-day SMA deteriorates the outlook Momentum indicators aggressively tilted to the bearish side AMD’s stock has been forming a bearish technical pattern following its 2023 peak of 131.90 on June 13. In the previous daily session, the price closed below the 200-day simple moving average (SMA) and has been trading beneath it for two consecutive sessions for the first time since early March. Should [..]

AMD reports earnings as AI wars heat up – Stock Markets

Posted on October 26, 2023 at 12:34 pm GMT

AMD will release its quarterly earnings on Tuesday, October 31 Earnings growth expected to turn positive, after sharp declines Valuation is slightly stretched, but shares seem attractive overall AMD enters the AI wars The artificial intelligence (AI) revolution has taken the semiconductor industry by storm, generating an enormous amount of demand for advanced chips that can be used to train these complex models. Nvidia is currently the undisputed leader in this rapidly growing market, with an estimated market share of [..]

Meta Q3 earnings next on the agenda – Stock Markets

Posted on October 25, 2023 at 4:09 pm GMT

Meta to report strong earnings after market closes Focus remains on AI & Metaverse outlook Earnings estimates Meta platforms, the parent company of Facebook and Instagram, will announce third-quarter earnings on Wednesday after the market closes. Forecasts point to notable growth, with the consensus recommendation from analysts polled by Refinitiv being a buy. Total revenue is expected to show an annual growth of 21% to $33.5bln in the three months to September – double the 11% growth in the [..]

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