Stock Market News / Page 57

Technical Analysis – Facebook stock poised for more losses ahead of earnings release

Posted on July 26, 2022 at 8:44 am GMT

Facebook stock price is trading lower ahead of the earnings release on July 27, holding within a downward sloping channel since February 3. From a technical perspective, the short-term bias is viewed as neutral-to-negative, reflected by the decline in the RSI and the MACD. The RSI is falling below its neutral threshold of 50, while the MACD is flattening above its trigger line and near its zero level. In the event of a downside move, the 153.25 bottom and the [..]

Meta earnings: crucial quarter as headwinds mount – Stock Market News

Posted on July 25, 2022 at 3:42 pm GMT

Facebook’s parent company, Meta Platforms Inc, is set to report its Q2 earnings on Wednesday, July 27, after Wall Street’s closing bell. The social media behemoth is going to face an extremely tough year-on-year comparison as the decision to prohibit Russian users from using its applications had an adverse effect on both subscriber and advertisement growth figures. Aside from that, the firm has been experiencing an alarming number of macro and idiosyncratic risks, causing its share price to nosedive 50% in the [..]

What to watch in Twitter earnings – Stock Market News

Posted on July 21, 2022 at 4:25 pm GMT

While the court fight between the social media platform Twitter and Tesla boss Elon Musk will remain front and center, investors will take a look at Twitter’s Q2 financial statement due for release during Friday’s pre-market hours. After a significant slowdown in the first quarter, the company is expected to report a grim recovery, with the consensus recommendation from Refinitiv analysts being a hold. Eyes on advertising revenues Twitter’s stock has been a laggard within the S&P 500 community over [..]

Alphabet reveals Q2 earnings after executing its stock split – Stock Market News

Posted on July 21, 2022 at 1:24 pm GMT

Google’s parent Alphabet is set to unveil its financial figures for the second quarter of 2022 on Tuesday, July 26, after Wall Street’s closing bell. The third most valuable publicly traded company in the US is expected to record a double-digit year-over-year revenue growth but experience a decline in annual earnings. Last weekend, the company completed a 20-for-1 stock split, which is normally considered a sign of strength by investors. However, the current unfavorable environment of rising interest rates, increasing [..]

Is Microsoft an attractive play ahead of its Q2 earnings? – Stock Market News

Posted on July 20, 2022 at 1:41 pm GMT

The upcoming week will be packed with major US tech companies’ earnings releases, which are expected to draw significant attention as the tech gang is going to face a tough year-ago comparison when revenue and profits were surging due to the pandemic’s repercussions. The software behemoth Microsoft is the first to unveil its Q2 financial performance on Tuesday, July 26, after Wall Street’s closing bell. The third most valuable publicly traded company in the world is expected to record solid [..]

Technical Analysis – Netflix stock rebuilds bullish hopes within range

Posted on July 19, 2022 at 2:18 pm GMT

Netflix stock has been directionless at the bottom of its downtrend since the plunge to a five-year low of 161.38 at the end of May, but some bullish signs have started to appear ahead of the company’s earnings release today after the market close. Despite its flat trajectory, the price managed to step above its shorter-term simple moving averages (SMAs) on Monday after almost six weeks, while the RSI has printed a new higher high marginally above its 50 neutral [..]

Technical Analysis – Tesla stock finds resistance near upper bound of triangle; earnings release awaited

Posted on July 19, 2022 at 11:35 am GMT

Tesla’s stock price has come under renewed selling pressure ahead of the company’s earnings release on Wednesday, falling back near its 50-day simple moving average (SMA), but remaining within the two-month-old symmetrical triangle formation. Despite the latest pullback though, the price has not posted a fresh lower low yet, which makes one hesitant to believe in a downside reversal. A break outside this pattern will likely determine the next direction in the market. Looking at the technical oscillators on the daily chart though, they suggest some increases might be on the cards in the short-term. The RSI has surpassed [..]

Can earnings help Tesla shares outrun their risks? – Stock Market News

Posted on July 15, 2022 at 11:39 am GMT

The earnings season will kick into higher gear on Wednesday when Tesla reports earnings after the market close. Even though the nightmare in supply chains has started to haunt Tesla with shutdowns in China limiting production, Wall Street expects another decent quarter. As for the stock, valuation is still the primary concern in a regime of rising interest rates and intensifying competition. Disruptions Love it or hate it, Tesla has been on a roll during the pandemic. It handled the [..]

Netflix expected to report another drop in subscribers but revenue could impress – Stock Market News

Posted on July 14, 2022 at 11:16 am GMT

Streaming giant, Netflix Inc, will be the first of the major tech firms to report its second quarter earnings results on Tuesday after Wall Street’s closing bell. Having boomed during the pandemic lockdowns, Netflix’ incredible growth has come to a halt, losing subscribers for the first time in 10 years in the first quarter. Subsequently, the stock price has crashed by about 70% this year, relinquishing its title of a Wall Street darling. Can the company turn things around with [..]

Technical Analysis – Citigroup stock consolidates ahead of earnings

Posted on July 13, 2022 at 1:42 pm GMT

Citigroup’s stock has been rangebound in the past three weeks after it managed to halt its long-term decline. However, the price is currently trading way beneath both its descending 50- and 200-day simple moving averages (SMAs), painting a gloomy technical picture for the stock. The momentum indicators are endorsing a bearish near-term bias. The stochastic oscillator is pointing downwards after posting a bearish cross, while the RSI is flatlining below its 50-neutral threshold. Should selling interest intensify, the price might [..]

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