Stock Market News / Page 44

Technical Analysis – Microsoft stock builds positive pattern ahead of earnings

Posted on January 24, 2023 at 12:07 pm GMT

Microsoft’s stock has almost erased January’s freefall, rising as high as 244.89 on Tuesday ahead of the company’s quarterly earnings report due today after the market close. The bullish correction confirmed a higher low at 219, which seems to be the right shoulder of a bullish inverse head and shoulders pattern. That said, a sustainable recovery above the tough resistance trendline seen at 258 and beyond the previous high of 263 is needed to violate the long-term downtrend. Then, another winning battle [..]

Technical Analysis – GER40 cash index hovers just above the 15,000 area – will it last?

Posted on January 24, 2023 at 10:07 am GMT

GER40 cash index is trading sideways today as the market appears to have found a new short-term balance around the 15,100 level. Since the start of the year it has almost been a one-way move for GER40, in line with the medium-term trend that commenced on October 3. The recent move higher managed to push the index towards 15,271, the highest level since February 18, 2022. Momentum seems to be favouring the bulls. The simple moving averages (SMAs) are pointing [..]

Apple earnings set to decline as consumers play defense – Stock Market News

Posted on January 24, 2023 at 9:22 am GMT

Apple will report its quarterly results on Thursday February 2, after Wall Street’s closing bell. Earnings and revenue are expected to have declined from a year ago, reflecting weakness in demand among struggling consumers. With Apple shares still trading at a premium valuation, it might be a rocky ride for investors. Demand troubles The world’s largest company by market capitalization hit a rough patch lately. It started out with production troubles in China during the strict lockdowns last quarter, before [..]

Tesla Q4 earnings on the agenda – Stock Market News

Posted on January 20, 2023 at 2:51 pm GMT

Tesla’s stock had a devastating year in response to Musk’s chaotic Twitter acquisition. Withe the stock having erased more than half of its pandemic rally, investors are now wondering whether it could revive its fortune in the coming months. Earnings results for the final quarter of 2022 are expected to display a continuous but dingy growth on Wednesday after market close. The year ahead could be another test for Tesla, as competing firms try to catch up in a relatively punishing [..]

Eurozone data take centre stage as debate in ECB ranks hots up – Forex News Preview

Posted on January 20, 2023 at 9:54 am GMT

For the past year the euro area has been touted for a severe recession during 2023. Up to now, data have failed to follow suit as they enjoy a period of better-than-expected prints. This situation could reflect the extreme pessimism among professional forecasters going into 2023, but it is evidently unsettling the market and causing a wave of upward revisions in the EURUSD projections. Having said that, next week’s economic releases would be the first real test on the current [..]

Microsoft earnings to slow again; can its future bets revive the stock price? – Stock Market News

Posted on January 19, 2023 at 1:37 pm GMT

Microsoft Corp will be the first of the big techs after Netflix to report its latest quarterly results on Tuesday, January 24 after the market close. The company has seen its earnings growth dwindle over the past year, partly as the post-pandemic boom fades and partly due to the Fed-induced slowdown in the economy. But the Seattle-based firm has big plans for the future, specifically when it comes to Artificial Intelligence (AI). Will investors be impressed enough to start buying [..]

Technical Analysis – Netflix stock shows positive signs for 2023

Posted on January 19, 2023 at 9:44 am GMT

Netflix is releasing its earnings results later in the day and the stock is still experiencing more gains slightly below the nine-month high of 355. The MACD oscillator is stretching its bullish bias above its trigger and zero lines, while the RSI is flattening in the positive region. However, the stochastic is falling lower from the overbought territory. If earnings surprise to the upside, the stock price could move above the nine-month peak and meet the 395 region ahead of the 457 barrier, registered in January [..]

Technical Analysis – US 100 cash index trades sideways following strong start to new trading year

Posted on January 18, 2023 at 9:12 am GMT

The US 100 cash index is trading sideways following a climb of 900 points since December 28. This upward move appears to enjoy the universal support of the momentum indicators. The Average Directional Movement Index (ADX) is moving aggressively higher, and the stochastic oscillator is just below its overbought territory. Even the usually conservative RSI is hovering comfortably above the 50-midpoint. The recent move higher has pushed the US 100 index above both the 50- and 100-day simple moving averages (SMAs) and the [..]

Netflix Q4 Earnings: Eyes on newly launched ad segment and subscriber growth– Stock Market News

Posted on January 17, 2023 at 11:31 am GMT

The world’s biggest streaming platform, Netflix, will be the first of the FAANG clan to unveil its Q4 financial figures on Thursday, January 19, after Wall Street’s closing bell. Even though in 2022 the firm experienced two consecutive quarterly losses of subscribers for the first time in 10 years, its share price managed to stage a considerable rebound on hopes that management’s decisive plans could turn things around. Will the ad-supported tier and net subscriber additions impress investors? Netflix struggles [..]

Technical Analysis – JP225 cash index trades in tight range as SMA convergence flashing red

Posted on January 17, 2023 at 8:47 am GMT

The JP225 cash index has had a muted start in 2023 compared to other equity indices. It is trading in the tight 25,603-26,550 range lacking a clear direction. The Average Directional Movement Index (ADX) is currently trading below 25, confirming a trendless market, while the stochastic oscillator is hovering purposelessly around the 20-level mark. However, a strong signal appears to be developing in the market. The degree of convergence of the simple moving averages (SMAs) might not go unnoticed by market participants. If one [..]

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