Stock Market News / Page 49

Nvidia Q3 earnings: Crucial quarter as headwinds mount – Stock Market News

Posted on November 14, 2022 at 4:50 pm GMT

Nvidia is set to unveil its earnings results for the third quarter on Wednesday, November 16, after Wall Street’s closing bell. The largest semiconductor firm by market capitalization is expected to record double-digit drops in both revenue and earnings per share as demand for chips has been constantly declining since the global economic reopening. Furthermore, Nvidia has been susceptible to the broader risks surrounding the tech sector this year, with its share price currently losing more than 45% in 2022. [..]

Technical Analysis – JP 225 index falls from 28,000 peak

Posted on November 10, 2022 at 10:40 am GMT

The JP 225 index has come under renewed selling pressure, falling back below the 27,900 resistance level, but remaining slightly above the simple moving averages (SMAs). Despite the latest pullback though, the index has not posted a fresh lower low, which makes one hesitant to trust further declines for now. Looking at momentum oscillators on the daily chart though, they suggest further declines may be on the cards in the short-term. The RSI is near its neutral 50 line, detecting [..]

What did we learn from Q3 earnings? – Special Report

Posted on November 9, 2022 at 4:06 pm GMT

As the Q3 earnings season draws to an end, market participants are closely scrutinising major companies’ financial results to assess the broader health of the US economy. Even though looming fears of an impending earnings crash were not reflected in the corporate outlook, firms that missed the low projections set by markets were severely punished. Considering that the Fed pushed back on expectations of premature monetary loosening, while forward-looking financial estimates are constantly revised lower, what does the future hold [..]

Technical Analysis – Apple tumbles and hits 135; Will it break lower?

Posted on November 8, 2022 at 2:38 pm GMT

Apple’s stock had a free-fall ride last week, eventually finding some buy orders near the key support territory of 135.00 on Friday. Yesterday, the stock rebounded somewhat but with a tentative downtrend line and all the plotted moving averages well above the current price level, the outlook remains gloomy. Both the RSI and the MACD are detecting downside speed and corroborate the notion of another round of selling in the foreseeable future. The former is lying below its equilibrium 50 [..]

Technical Analysis – US 500 index flirts with 50-day SMA but outlook remains negative

Posted on November 7, 2022 at 11:03 am GMT

The US 500 stock index is moving slightly higher, approaching the 50-day simple moving average (SMA), holding well above the crucial 200-weekly SMA, which is acting as strong support level near 3,635. The RSI indicator is pointing slightly up near the neutral threshold of 50, while the MACD is moving sideways near its trigger and zero lines. If price action jumps above the 50-day SMA (immediate resistance), there is scope to test the 100-day SMA around the 3,920 barrier. Clearing [..]

Disney earnings: Solid streaming and theme park figures while ad segment struggles – Stock Market News

Posted on November 3, 2022 at 3:59 pm GMT

The Walt Disney Company will release its third quarter earnings results on Tuesday, November 8, after Wall Street’s closing bell. The leading entertainment powerhouse is expected to post year-on-year revenue and earnings growth as Disney theme parks and movie theatres around the world have reached their pre-pandemic traffic levels despite some temporary headwinds. However, the real driver for markets will be the subscriber growth metrics of the firm’s streaming services, with Netflix’s better-than-expected subscriber figure in Q3 providing a positive early indication [..]

Energy giants poised for solid quarter despite cooling energy prices – Stock Market News

Posted on October 27, 2022 at 2:00 pm GMT

Exxon Mobil and Chevron are scheduled to report their third quarter earnings on Friday, October 28, before Wall Street’s opening bell. The energy behemoths are coming off historical record profits in the previous quarter, which are expected to experience a minor decline in Q3 as oil and natural gas prices have corrected moderately lower from their 2022 peaks. Considering that revenue streams are anticipated to remain robust, investors will shift their focus on whether rising costs and reducing demand due [..]

Technical Analysis – Apple stock accelerates recovery, 50-day SMA in focus

Posted on October 26, 2022 at 9:42 am GMT

Apple’s stock has been trending lower since mid-August when it met strong resistance at the 176.00 region. Nevertheless, the price has been attempting a strong recovery in the short term, currently approaching its 50-day simple moving average (SMA), while trading above its upper-Bollinger band. The momentum indicators suggest that bullish forces are in control. Specifically, the stochastic oscillator is ascending within the overbought area and the RSI is strengthening above its 50-neutral mark. To the upside, if the advance resumes, [..]

Will softening consumer demand and strong dollar weigh on Apple earnings? – Stock Market News

Posted on October 25, 2022 at 2:34 pm GMT

Apple will unveil its third quarter financial results on Thursday, October 26, after Wall Street’s closing bell. Despite the continuously deteriorating macro environment, the most valuable publicly traded company in the world is expected to record solid earnings and revenue figures as its products’ sales have been exhibiting remarkable strength. This resilience has been reflected in the share price, which might be down around 18% but has fared better than both the Nasdaq and the S&P 500 so far this year. Apple holds its [..]

Technical Analysis – US 500 index bounces off 23-month low, downtrend intact

Posted on October 24, 2022 at 8:40 am GMT

The US 500 stock index (cash) has been constantly losing ground in the short term, recording consecutive fresh multi-month lows. Nevertheless, the price has managed to recoup some losses after rebounding from the 23-month low of 3,490. The short-term oscillators currently suggest that bullish forces are strengthening. Specifically, the RSI has jumped above its 50-neutral mark, while the MACD histogram is edging higher above its red signal line in the negative territory. Should buying pressures persist, the price could initially test 3,812, which is the 38.2% [..]

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