Stock Market News / Page 35

Amazon Q1 earnings: another unpleasant report – Stock Market News

Posted on April 26, 2023 at 12:23 pm GMT

The giant tech company Amazon.com will publish its first quarter earnings for 2023 on Thursday after the market closes. Investors have not set the bar high, projecting an uneventful release given the current challenging macroeconomic conditions. Still, the company’s outlook on future activity is something that will attract special attention as the tech world enters the new era of artificial intelligence. A brighter-than-expected guidance is probably needed to power Amazon’s efforts for a bullish trend reversal in stock markets. Cost [..]

Technical Analysis – Mastercard bears might have a chance to recoup recent losses

Posted on April 25, 2023 at 2:35 pm GMT

Mastercard is hovering around the 373 area today as the market prepares for the key earnings releases. The bulls tried to record a new high for 2023, but the rally halted on April 24 at 377.17, breaking the recent series of higher highs and higher lows. The negative news for the bulls doesn’t stop here as the momentum indicators are pointing to a potential reversal of the recent rally. The Average Directional Movement index (ADX) is turning lower from a 6-month high and [..]

Stagnant ad business and high costs to weigh on Meta earnings – Stock Market News

Posted on April 25, 2023 at 12:41 pm GMT

Facebook’s parent company, Meta Platforms Inc, will report its Q1 financial results on Wednesday, April 26, after Wall Street’s closing bell. The social media behemoth is expected to face another tough quarter due to the significant slowdown in digital advertising demand, while the Metaverse project remains a cash black hole without any expected returns in the foreseeable future. Nevertheless, analysts are expecting an increase in Daily Active Users (DAU), will this be enough to turn things around? Stellar performance in Q1 [..]

Technical Analysis – Intel back inside the rectangle; bearish tendencies intensify

Posted on April 25, 2023 at 12:40 pm GMT

Intel stock settled yesterday at 29.60, below the 200-day simple moving average (SMA) for the first time since March 29. Actually, the stock has been trading inside a tight 24.63-31.27 rectangle that has formed since September 2, 2022 with the early April upside breakout proving to be a false one. History suggests a retest of the rectangle lows, which coincides with the message conveyed by the momentum indicators. The Average Directional Movement Index (ADX) has returned above the 25-threshold as the [..]

Technical Analysis – US 100 cash index hovers at key area

Posted on April 25, 2023 at 8:06 am GMT

The US 100 index has been moving lower over the past five sessions as market participants appear to be on the sidelines ahead of the busy events over the next 10 days. The price is flirting with the inner Bollinger line that connects the US 100 lows since the March 17 break of the upper Bollinger Band. A break of this line is usually associated with a sizeable downward move. Even the bulls could be open to the possibility of [..]

Technical Analysis – A Boeing breakout is potentially around the corner

Posted on April 24, 2023 at 2:50 pm GMT

Boeing is edging lower today as the market seems to be settling inside a symmetrical triangle. This is a very common pattern in technical analysis with a rather low market performance when confirmed. However, theory states that usually the breakout follows the underlying medium-term trend, which in our case is bullish and has been since the double-bottom pattern formed during 2022. This range-trending is clearly depicted by the momentum indicators. The Average Directional Movement Index (ADX) is struggling to rise above its 25-threshold and the stochastic oscillator [..]

Technical Analysis – US 500 index pulls back after advance pauses

Posted on April 24, 2023 at 9:37 am GMT

The US 500 stock index (cash) has been on a steady uptrend since mid-March, slicing through both its 50 and 200-day simple moving averages (SMAs). However, this recent rebound faltered just shy of the 2023 peak of 4,195, with the price experiencing a moderate downside correction. The short-term oscillators are reflecting this loss of positive momentum. Specifically, the MACD histogram dropped below its red signal line but remains in the positive zone, while the stochastic oscillator is descending near the [..]

Technical Analysis – Visa bulls delighted with latest move, ready for higher high

Posted on April 21, 2023 at 12:17 pm GMT

Visa not only survived the mid-March market rout but also managed to reach a higher high of 234.75 on April 14. It is recording an impressive 34% rally since the October 13, 2022 low of 174.50 and the stock is now trading a tad below the busy 235.75-237.30 area. The bulls are clearly enjoying this period, especially as the short-term bullish trend is supported by a series of higher highs and higher lows. The momentum indicators though are raising questions [..]

Microsoft earnings: Will Azure and AI developments prove to be tailwinds? – Stock Market News

Posted on April 21, 2023 at 11:41 am GMT

With Microsoft’s stock gaining nearly 40% since it bottomed out in October and artificial intelligence making large steps in our lives, investors may be eagerly awaiting the tech giant’s upcoming earnings release, scheduled for Tuesday after the closing bell. Will the numbers add more fuel to the share’s latest uptrend? Revenue and earnings are expected to rise On Tuesday, Microsoft will report results for the third quarter of its fiscal year, with earnings per share expected to rise 0.50% from [..]

Alphabet Q1 earnings: Ad revenue and AI frenzy take center stage – Stock Market News

Posted on April 21, 2023 at 7:26 am GMT

Google’s parent Alphabet is set to unveil its financial figures for the first quarter of 2023 on Tuesday, April 25, after Wall Street’s closing bell. The third most valuable publicly traded company in the US will report alongside its tech competitor, Microsoft, in a period of fierce competition within the Artificial Intelligence (AI) sector. Investors will probably focus on how Alphabet’s flagship digital ad segment has fared during a period of a deepening economic slowdown and assess its diversification initiatives. Good [..]

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