Stock Market News / Page 34

What do Q1 earnings hold for Disney’s stock? – Stock Market News

Posted on May 5, 2023 at 7:47 am GMT

Walt Disney will report its Q1 financial results on Wednesday, April 10, after Wall Street’s closing bell. The leading entertainment powerhouse is expected to post annual revenue growth, but earnings will probably suffer a moderate decline. Once more, investors will focus on Disney streaming service’s net subscriptions as well as the traffic figures from the firm’s on-site activities. Solid performance but not spectacular After a devastating 2022, Walt Disney’s stock had a good start to the year, but there are no idiosyncratic drivers behind [..]

Technical Analysis – US 30 cash index almost ripe for a decent pullback

Posted on May 4, 2023 at 7:51 am GMT

The US 30 cash index has once again failed to convincingly break above the 34,280 level prompting a small pullback. This is the sixth time that the bulls have not achieved an upwards breakout in the past 10 months, thus raising questions of their true ability to dictate market movements. The index is edging higher today, but the momentum indicators seem to favour the bears at this juncture. The Average Directional Movement Index (ADX) confirms that the short-term bullish trend from the mid-March [..]

Technical Analysis – JP225 index just below 16-month high

Posted on May 3, 2023 at 8:23 am GMT

The JP225 cash index is edging higher today, but remains just below the May 1, 2023 print of 29,352, which is the highest traded level since January 5, 2022. The bulls are trying to push the index again towards the recent higher high, but the overall technical picture is less clear at the moment, increasing the possibility of a stronger pullback. While the Average Directional Movement Index (ADX) is still signaling a strong bullish trend, the stochastic oscillator conveys a more [..]

Technical Analysis – Qualcomm bulls preparing for a rally

Posted on May 2, 2023 at 12:58 pm GMT

Qualcomm closed lower yesterday as the market is waiting for the first-quarter 2023 earnings release. It has been a relatively steep downleg from the January 5, 2022 highs of 193.43 with the stock now standing at around 40% lower, having recovered somewhat from the November 2022 low of 101.49. Qualcomm is currently battling with the November 3, 2022 upward sloping trendline as it is trying to find a clear direction. The Average Directional Movement index (ADX) is just a tad above the [..]

Technical Analysis – Apple stock extends uptrend, eyeing 2022 highs

Posted on May 2, 2023 at 11:51 am GMT

Apple’s stock has been trending higher since late December, generating a fresh eight-month high of 170.30 in the previous daily session. However, the price is currently trading above its upper Bollinger band, hinting that this recent rally might have reached overbought conditions. The momentum indicators currently suggest that bullish pressures are intensifying. Specifically, the stochastic oscillator is ascending within the 80-overbought zone, while the RSI is flatlining above its 50-neutral mark. Should the rally resume, the April 2022 resistance of 171.20 could [..]

Technical Analysis – US 100 cash index at higher high

Posted on May 2, 2023 at 10:27 am GMT

The US 100 index recorded its highest level for almost 9 months, finally managing to break above the August 26, 2022 high of 13,206. The bulls appear to be confident at this juncture as the stochastic oscillator has broken above its moving average and is apparently preparing to enter its overbought territory. In addition, the various simple moving averages used here are all moving upwards. However, the bulls should not be overly optimistic as the Average Directional Movement Index (ADX) is stuck below [..]

Technical Analysis – JP225 index bulls remain focused on retesting 28,650

Posted on April 27, 2023 at 2:12 pm GMT

The JP225 cash index is edging higher today as the bulls are trying to figure out a way to break the resistance set at 28,650. This area has been haunting them since March 2022 with the most recent price action bringing back memories of the August 14, 2022 failed breakout that prompted a sizeable drop during September 2022. While the JP255 index bounced off the March 15, 2023 upward sloping trendline today, the momentum indicators are not painting a favourable [..]

Apple earnings hit rough patch, can buybacks save the day? – Stock Market News

Posted on April 27, 2023 at 7:15 am GMT

Apple will release its earnings report on Thursday, May 4, after Wall Street’s closing bell. Earnings and sales are projected to have declined for a second quarter as struggling consumers seem reluctant to upgrade their devices. An expansion of the buyback program might be a saving grace for Apple shares, but with the valuation still so expensive, it’s difficult to be optimistic overall. Pandemic hangover The world’s most valuable company encountered some turbulence lately. Sales of Apple products and corporate [..]

AMD headed for an earnings disaster but there’s hope yet for the outlook – Stock Market News

Posted on April 27, 2023 at 6:43 am GMT

Advanced Micro Devices Inc (AMD) is set to report its Q1 earnings results on Tuesday after Wall Street’s closing bell and the numbers are not expected to be spectacular. The company has been struggling to compete with its arch rivals, Intel and Nvidia, in the fields of computer and graphics processors. The supply glut within the chip industry has not helped either. But is there light at the end of the tunnel? Investors seem to think so, as the stock [..]

Technical Analysis – Meta stock fragile ahead of earnings

Posted on April 26, 2023 at 3:34 pm GMT

Facebook’s stock (Meta platforms) closed below the 50-period simple moving average (SMA) in the four-hour for the first time since November 2022, increasing the risk for a bearish continuation ahead of the company’s earnings due today after the closing bell. While the price attempted to bounce from the one-month low of 206.10 earlier today, the channel’s broken lower trendline came to block the way near 212. The momentum indicators have not shown significant improvement either, with the RSI remaining below [..]

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