Stock Market News / Page 42

Will Q4 earnings recharge Walt Disney’s stock? – Stock Market News

Posted on February 3, 2023 at 3:07 pm GMT

The Walt Disney Company is set to unveil its Q4 financial results on Wednesday, February 8, after Wall Street’s closing bell. The leading entertainment powerhouse is expected to post annual revenue growth, but earnings will probably suffer due to a significant decline in advertisement income and theme park activity. Once more, investors will focus on Disney streaming service’s net subscriptions, with Netflix’s better-than-expected subscriber figure in Q4 providing a positive early indication. Persistent underperformance In the past few years, Disney intensified [..]

Equity indices book another positive week – Stock Market News

Posted on February 3, 2023 at 2:05 pm GMT

Equity indices are digesting the trifecta of monetary policy announcements, data releases and the mixed US technology sector earnings results. The plethora of news and the hawkish rhetoric from the key central bankers appear not to have dented much of the bullish appetite, as most stock markets are in the black this week, with the DAX 40 index 1.5% up from last Friday’s close. Next week appears busy enough to keep the market excited, but will this be translated to [..]

Technical Analysis – Facebook gets meaningful boost; nearby support important

Posted on February 3, 2023 at 12:44 pm GMT

Facebook’s stock (Meta platforms) closed 23% higher on Thursday and far above its 200-day simple moving average (SMA) for the first time in a year. The spike in the price pushed the RSI comfortably above its 70 overbought mark and straight up to its 2017 and 2013 highs, making some profit-taking likely in the short term. Yet sellers may not take control unless the price dips below the long-term constraining line from August 2015 around 179.50, which triggered the bullish trend in 2018-2019 and in [..]

Technical Analysis – Amazon’s stock opens higher but still fragile

Posted on February 2, 2023 at 4:13 pm GMT

Amazon’s stock opened with a positive gap on Thursday but it instantly came under pressure at 111.00 and slightly below its 200-day simple moving average (SMA). The giant e-commerce company is expected to report bleak yearly earnings comparisons after the close of trading today and some caution is required as the overbought signals coming from the RSI and the stochastics are currently suggesting that the 30% recovery from January’s low of 80.97 might take a breather in the coming sessions. If the [..]

Technical Analysis – Apple stock adds 19% since the beginning of the year

Posted on February 2, 2023 at 10:57 am GMT

Apple stock recorded a stunning rally since the beginning of the year, marking an overall gain of 19% during the period. This week is the earning releases for the stock and the price is battling with the 38.2% Fibonacci retracement level of the down leg from 176.00 to 124.00 at 143.85. The RSI is currently increasing positive momentum towards the overbought region, while the MACD is strengthening its movement above its trigger and zero lines, both hinting that the next [..]

S&P500 short-term correlations hold surprises – Special Report

Posted on February 1, 2023 at 7:13 am GMT

It has been a relatively quiet week, but it is highly probable that this calmness will be broken soon. The numerous central bank meetings, starting with the Fed gathering on Wednesday afternoon, and the busy data calendar promise an eventful period. Market correlations are used extensively by market participants to depict the current state of the market. Do long-term correlations stand or has something changed in the market recently? By using daily data, we calculated the latest 3-month daily correlation, [..]

Technical Analysis – US 100 index retreats after penetrating downtrend line

Posted on January 31, 2023 at 1:52 pm GMT

The US 100 cash index reached overbought levels according to the RSI and reversed lower after the price finally jumped above the long-term downtrend line and the 200-day simple moving average (SMA), creating a four-month high at 12,250. While the aforementioned technical oscillator continues to slow down, mirroring the market’s bearish behavior over the past two days, the indicator is still moving in bullish territory, flagging that a recovery could reemerge in the short term. The MACD is also holding above its red signal line, which supports [..]

Technical Analysis – JP225 cash index at key support area

Posted on January 31, 2023 at 10:01 am GMT

The JP225 cash index is currently testing the 27,085-27,226 area populated by the 50-, 100- and 200-day simple moving averages (SMAs). Today’s dip comes after a strong move recorded since the eve of 2023, that was assisted by the descending broadening wedge that formed in the December 13 – January 17 period. The momentum indicators appear to be sending a mildly bullish signal, but cracks are forming. The RSI is dipping towards 50 and the Average Directional Movement Index (ADX) [..]

Technical Analysis – Exxon Mobil stock on a slippery slope in bullish channel

Posted on January 31, 2023 at 9:39 am GMT

Exxon Mobil stock price has lost its positive momentum after the pullback off the 117.70 resistance but is developing within an upward sloping channel in the near term. The RSI is pointing down in the bullish area, while the stochastic posted a bearish crossover within its %K and %D lines in the overbought region, indicating the end of the current bullish move. A significant step lower could bring the bearish sentiment into play, sending the price probably towards the 20- and [..]

Exxon Mobil Q4 Earnings: Is the grace period over? – Stock Market News

Posted on January 31, 2023 at 8:31 am GMT

The largest US oil producer, Exxon Mobil, is set to unveil its fourth quarter earnings on Tuesday, January 31, before Wall Street’s opening bell. The energy giant is likely to close the year on a solid note despite the significant declines in both oil and natural gas prices, which suggest that the energy sector’s earnings have most probably surpassed their peak. Hence, the big question that lies ahead is in which sustainable growth levers will all the accumulated cash flows from [..]

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