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Meta Q3 earnings: Carnage ahead as Metaverse and ad service flounder – Stock Market News

Posted on October 21, 2022 at 1:40 pm GMT

Facebook’s parent company, Meta Platforms Inc, is set to report its Q3 earnings on Wednesday, September 26, after Wall Street’s closing bell. The social media behemoth is going to face an extremely tough year-on-year comparison as the global economic slowdown has severely weighed on advertisement revenue, while Metaverse is not progressing at the anticipated pace. Aside from that, the firm has been experiencing fierce competition and an alarming number of idiosyncratic risks, causing its share price to nosedive more than [..]

Amazon revenue to swell again but aggressive expansion to knock profits in Q3 – Stock Market News

Posted on October 21, 2022 at 1:18 pm GMT

Amazon.com is set to report its third quarter financial results on Thursday, October 27, after Wall Street’s closing bell, rounding up a busy week for tech earnings. Its stock has been somewhat of a laggard this year as Wall Street has come under attack on multiple fronts. The biggest headwind has been runaway inflation and the Fed’s brute-force attack on it. Thus, with a recession looking more and more likely, Amazon’s earnings will be an important gauge not just on [..]

Alphabet earnings: resiliency of Google Ads to be put to the test as recession looms – Stock Market News

Posted on October 19, 2022 at 3:08 pm GMT

Google owner Alphabet will report its third quarter earnings on Tuesday, October 25, after the market close, along with several other big tech names. The highlight for Alphabet will be how its ad business is faring against a backdrop of slowing economic growth in the United States and most other markets globally that the company operates in. Ad revenue bounced back quickly from the pandemic and came out unscathed from Apple’s privacy changes that hurt Google’s competitors. However, a deepening [..]

Microsoft Q3 earnings: Diverse business could save the day – Stock Market News

Posted on October 19, 2022 at 2:56 pm GMT

The upcoming week will be packed with major US tech companies’ earnings releases, which are expected to garner significant attention as the tech clan is going to face a tough annual comparison amid increasing macroeconomic headwinds. The software behemoth Microsoft is the first to unveil its Q3 financial performance on Tuesday, October 25, after Wall Street’s closing bell. The third most valuable publicly traded company in the world is expected to record decelerating but solid revenue and earnings figures, despite [..]

Technical Analysis – J&J rises on better Q3 numbers, but still within a range

Posted on October 18, 2022 at 3:27 pm GMT

The Johnson & Johnson stock opened with a negative gap today but rose instantly to cover the gap due to the firm beating top- and bottom-line estimates for Q3, helped by pharmaceutical sales. Having said all that though, the stock remains within the sideways range that’s been containing most of the price action since August 23, which implies a neutral short-term outlook. Both the RSI and the MACD are detecting positive momentum, suggesting that some further advances could be possible. [..]

Technical Analysis – US 500 index remains above the 200-weekly SMA after new 2-year low

Posted on October 17, 2022 at 7:34 am GMT

The US 500 cash index posted a negative spike towards a fresh almost two-year low of 3,490 on Thursday but failed to finish the week beneath the 200-weekly simple moving average (SMA) around 3,600. According to the RSI, the market could maintain itself above the 3,630 support in the short-term as the RSI is positively sloped beneath its neutral threshold of 50. The MACD oscillator is hovering near its trigger line below the zero level. On the upside, the price could [..]

Technical Analysis – Netflix stock trades within tight range ahead of earnings

Posted on October 14, 2022 at 11:44 am GMT

Netflix’s stock has been experiencing a very tough year, losing more than 60% of its value and generating a 5-year low of 162.00. Nevertheless, the share price has staged a moderate rebound in the past quarter, while it is fluctuating around its 50-day simple moving average (SMA) ahead of the Q3 earnings release. The momentum indicators are endorsing a positive near-term bias. Specifically, the stochastic oscillator is ascending after rebounding from the 20-oversold zone and the RSI has crossed above [..]

Netflix Q3 earnings: Focus on subscriber growth and ad service – Stock Market News

Posted on October 14, 2022 at 6:59 am GMT

The world’s dominant streaming platform, Netflix, will be the first of the major tech enterprises to report its Q3 financial results on Tuesday, October 18, after Wall Street’s closing bell. Despite the company’s massive outperformance during the pandemic, its stock price has lost more than 60% so far in 2022 as the global reopening of economies lead to the firm’s first consecutive quarterly losses of subscribers in more than a decade. Considering that growth stocks suffer in periods of rising [..]

Tesla crashes ahead of earnings as Elon prepares to unload shares – Stock Market News

Posted on October 13, 2022 at 1:34 pm GMT

Tesla will release its quarterly earnings on Wednesday after Wall Street’s closing bell. Growth is expected to have been solid, but not impressive enough to justify the company’s exorbitant valuation. This valuation still relies on hype around products like autonomous driving, which keeps the stock vulnerable to further declines, especially now that Elon Musk might sell more shares to finance his Twitter deal. Legal drama Elon Musk has been all over the map lately. After a faceoff with Twitter in [..]

Investors on the edge of their seats in anticipation of earnings season

Posted on October 13, 2022 at 12:47 pm GMT

The US earnings season kicks off on Friday, and investors are eager to find out whether earnings and revenue numbers will miss their already downwardly revised estimates, but more importantly whether forward earnings guidance will reflect bets of even higher interest rates by the Fed and the likelihood of a recession. Ex-energy, yearly growth to turn negative With inflation still around four times the Fed’s 2% objective, and officials themselves signaling that they will keep hiking rates aggressively even if [..]

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