Stock Market News / Page 43

Technical Analysis – US 500 stock: Will golden cross of SMAs prove to be a bullish sign?

Posted on January 30, 2023 at 2:01 pm GMT

The US 500 stock index is retreating after the successful rally above the long-term downtrend line and the 4,000 round number. Also, the 50- and the 200-day simple moving averages (SMAs) posted a golden cross, but the momentum is weakening as both are moving sideways. The RSI is pointing down in the bullish region; however, the MACD is strengthening its momentum above its trigger and zero lines. Should the pair manage to strengthen its positive momentum, the next resistance could [..]

Alphabet’s (Google) earnings growth to slow again as challenges mount – Stock Market News

Posted on January 27, 2023 at 12:54 pm GMT

Alphabet Inc, the parent of Google, is set to report its latest quarterly earnings on Thursday, February 2, after the closing bell on Wall Street, alongside its tech compatriots, Apple and Amazon.com. With the US and global economy heading towards a downturn this year, tech earnings are facing a cyclical slowdown. Rival Microsoft has already issued a gloomy guidance, but could Alphabet be in even bigger trouble given its overreliance on ad sales for revenue? Tech firms hit by hard [..]

Amazon Q4 earnings: A negative close to 2022 – Stock Market News

Posted on January 27, 2023 at 11:13 am GMT

Amazon.com will publish its quarterly earnings on a relatively busy day of tech releases on Thursday after the market close along with Apple, Alphabet, and Meta. Analysts expect a downbeat finish to 2022, though they believe that the stagnation will be temporary, and the giant e-commerce retailer will become a profit-making company again this year”. The consensus recommendation from Refinitiv analysts is “buy”. 2022 headwinds The world’s largest e-retailer by market capitalization saw its pandemic stock rally dwindling over the past [..]

Meta Q4 Earnings: Ad segment and Metaverse take centre stage – Stock Market News

Posted on January 26, 2023 at 2:35 pm GMT

Facebook’s parent company, Meta Platforms Inc, is set to unveil its Q4 financial figures on Wednesday, February 1, after Wall Street’s closing bell. The social media giant is expected to extend its streak of disappointing earnings reports amid intensifying competition and a severe slowdown in advertisement revenue. In 2022, Meta’s share price plummeted to a seven-year low, while the Metaverse project remains a cash black hole without any expected returns in the foreseeable future. Could the tech behemoth turn things around? [..]

Technical Analysis – Intel: A break above 31.27 is key for short-term momentum

Posted on January 26, 2023 at 10:45 am GMT

Intel stock settled yesterday at 29.64, just below the recent high of 31.27. It has been a brutal 18-month period for the stock until the bulls finally managed to stage strong support at the 24.63-25.29 area during the fourth quarter of 2022. These levels are the basis for the formed double bottom pattern that appears to be affecting the price action. Historically, this type of structure is considered a significant reversal pattern, but prone to false breakouts. The key level remains [..]

Technical Analysis – Visa stock remains bullish ahead of earnings

Posted on January 26, 2023 at 9:29 am GMT

Visa stock is experiencing some gains above 220.00 support level and is moving towards the nine-month high of 226.00 before the earnings release later today. The MACD oscillator is trying to gain momentum above its trigger line in the positive area, while the RSI is flattening near the overbought territory, indicating that the next move may be to the downside rather to the upside. More gains could lead the stock price towards the immediate nine-month high of 226.00 before moving towards the [..]

US debt ceiling matters this time, here’s why – Special Report

Posted on January 25, 2023 at 1:59 pm GMT

Another debt ceiling crisis is brewing in the United States. Past episodes were met with apathy from investors – everyone knows this is mostly political theater, and a solution will ultimately be reached. But this time might be different. This debate has serious implications about market liquidity, so the outcome matters for stock markets. The plot twist is that a deal might be ‘bad news’ for equities. Same old movie Another debt ceiling standoff is upon us. The US reached [..]

Technical Analysis – Tesla’s pickup takes a breather ahead of earnings

Posted on January 25, 2023 at 12:13 pm GMT

Tesla’s stock switched into gains in January after its downtrend halted at a 27-month low of 101.00. Although the stock is trading far below its 2021 record high, and a trend reversal could be a long way away, the clear pickup above the 50-period simple moving average (SMA) in the four-hour chart, which was the first since August, is promoting a continuation higher. The line’s bullish crossover with the 20-period SMA is also an encouraging sign, but needs a confirmation. A consolidation phase [..]

Technical Analysis – Could Boeing test the recent high?

Posted on January 25, 2023 at 11:11 am GMT

Boeing stock settled yesterday at 211.6, just below the recent high of 216.33. This recent small pullback could be perceived as positive by the stock bulls considering the aggressive move the stock has recorded since October 3, when it traded at 120.59. This upward move appears to be the product of the double bottom pattern formed during 2022, which, based on historical performance, suggests a target price of 235. However, only 75% of this pattern type achieve their target. In addition, [..]

Technical Analysis – J&J opens with a positive gap, but outlook remains gloomy

Posted on January 24, 2023 at 3:13 pm GMT

The Johnson & Johnson stock opened with a positive gap on Tuesday, after the firm forecasted annual profit above Wall Street’s estimates. However, the share price was quick to cover that gap and hit support slightly above the key territory of 167.00. Overall, since the break below 175.00, J&J has been in a downtrend mode and thus, further declines cannot be ruled out. The RSI has fallen fractionally below 30, while the MACD is running below both its zero and trigger [..]

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