Stock Market News / Page 56

Disney Earnings: Subscriber figures and theme park activity in focus – Stock Market News

Posted on August 9, 2022 at 11:41 am GMT

The Walt Disney Company is set to release its second quarter financial results for 2022 on Wednesday, August 10, after Wall Street’s closing bell. The leading entertainment giant is expected to post year-on-year revenue growth as Disney theme parks and movie theatres around the world have reached their pre-pandemic traffic levels. 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 Q2 providing a positive early indication for Disney+. [..]

Technical Analysis – Apple stock looking a little overstretched after recent gains

Posted on August 4, 2022 at 3:07 pm GMT

Apple stock has successfully cleared the 61.8% Fibonacci retracement of the downtrend from the all-time high of 182.74 reached in January to the one-year low of 128.92 plumbed in June. Having surpassed the 61.8% Fibonacci of 162.18, the next key resistance level might not arrive until the 78.6% Fibonacci of 171.22. Beyond that level, only the late March peak of 179.46 would be the only thing standing in the way of the price hitting its record high of 182.74. Looking [..]

Technical Analysis – US 100 stock index resumes climb but looks oversold

Posted on August 3, 2022 at 3:20 pm GMT

US 100 stock index (cash) is extending the rebound that took off in June when the price hit a 19½-month low of 11,036.74. The uptrend has gathered more steam since late July when it broke above the top of the Ichimoku cloud. But it could hit the buffers soon as the index approaches the 38.2% Fibonacci retracement of the November 2021-June 2022 downleg at 13,225. Looking at the momentum indicators, the stochastics have entered the overbought region again and are [..]

Alibaba Q2 earnings: weak performance amid increasing challenges – Stock Market News

Posted on August 3, 2022 at 12:15 pm GMT

Alibaba is set to announce its second quarter financial results on Thursday, August 4, before Wall Street’s opening bell. The company’s shares have been plunging since early 2021 as the online retail behemoth was caught in the middle of a major regulatory crackdown on multiple sectors of the Chinese economy. To make matters worse, the upcoming earnings report is expected to indicate the impact of the renewed round of Covid-19 restrictions in China, while geopolitical tensions between China and the US continue to pose a significant [..]

Energy giants set for record Q2 financial performance – Stock Market News

Posted on July 29, 2022 at 7:15 am GMT

Exxon Mobil and Chevron are scheduled to report second-quarter earnings on Friday, July 29, before Wall Street’s opening bell. The energy behemoths are anticipated to post record profits as the long-lasting supply-demand imbalance in the oil market, which deteriorated by the fallout from the Russian invasion of Ukraine, continues to generate bumper earnings for the broader sector. However, investors will be keeping a close eye on whether rising costs and reducing demand due to increasing recession fears will dim the [..]

Technical Analysis – US 30 index’s bias is titled to the upside

Posted on July 28, 2022 at 9:34 am GMT

The US 30 index is struggling to gain positive momentum after its fast rebound stalled around the 38.2% Fibonacci retracement level of the down leg from 36,950.90 to 30,635 at 32,430. However, the index has been trading above the short-term ascending trend line and the 20- and 50-simple moving averages (SMAs) are in the process for a bullish crossover. The downside reversal in the RSI justifies the diminishing buying pressure, though it remains well above its neutral threshold keeping the short-term risk [..]

Amazon Q2 earnings: focus on retail and cloud businesses – Stock Market News

Posted on July 27, 2022 at 2:28 pm GMT

Amazon is set to unveil its financial results for the second quarter of 2022 on Thursday, July 28, after Wall Street closes. The world’s biggest online retailer is expected to face an extremely tough year-on-year comparison as its e-commerce business has been experiencing a sustained slowdown since the global reopening of economies, while persistently high inflation has been hurting consumer spending. Nevertheless, Amazon’s cloud and advertising segments are anticipated to increase both their profitability and market share. The consensus recommendation [..]

Technical Analysis – Amazon stock hovers in sideways channel after bearish trend

Posted on July 27, 2022 at 8:57 am GMT

Amazon stock has been developing within a trading range of 99.70-127.20 before the earnings release on Thursday and is showing some negative signs from the technical indicators. The RSI is pointing downwards around the neutral threshold of 50, while the stochastic oscillator is heading south after a bearish crossover within its %K and %D lines. Should the selling forces strengthen, the 50-day simple moving average (SMA) at 112.53 will come under the spotlight. The 105.90 support could next add some footing ahead of the lower surface of the sideways channel at 99.70. [..]

Are Apple shares rotten heading into earnings? – Stock Market News

Posted on July 26, 2022 at 1:47 pm GMT

Apple, the world’s most valuable company by market cap, will release its latest earnings report on Thursday July, 28 after the market close. The results are expected to be mediocre, making it difficult to justify the hefty valuation premium that Apple shares command over the broader market. On the bright side, there are new projects in the pipeline and the enormous buyback program could help limit any selloffs. Rotten Apple The cost of living crisis has taken a bite out [..]

Technical Analysis – Microsoft stock weakens around 50-day SMA

Posted on July 26, 2022 at 10:13 am GMT

Microsoft stock price could not find enough buyers to overcome the 23.6% Fibonacci retracement level of the downward wave from 349.42 to 241.00 at 266.80, with the spotlight shifting again towards the 50-day simple moving average (SMA). From the technical view, the RSI and the MACD continue to hold near their neutral level with weak momentum; however, the stochastic oscillator posted a bearish crossover within its %K and %D lines in the overbought region, suggesting a bearish movement on the [..]

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