Stock Market News / Page 62

Technical Analysis – Amazon stock extends decline as negative momentum strengthens

Posted on April 28, 2022 at 8:10 am GMT

Amazon’s stock has been on the retreat since its latest rebound was rejected at the 3,403 region in late-March. The price is currently trading near its 2022 lows and has fallen beneath the lower Bollinger band, indicating that the technical picture is deteriorating. The short-term oscillators further confirm the stock’s bearish near-term bias. The MACD histogram is currently below both zero and its red signal line, while the RSI is flatlining very close to the oversold area. Should negative momentum [..]

Could Apple’s Q2 earnings renew Meta’s stock rally? – Stock Market News

Posted on April 28, 2022 at 8:05 am GMT

The earnings season for the big US tech companies will feature Apple’s Q2 earnings today after the closing bell. Following Facebook’s better-than-expected release, which brightened the mood on Wall Street yesterday, it would be interesting to see if Apple can revive the stock rally even though forecasts point to a significant slowdown. Nevertheless, the iPhone maker has escaped the latest global tech sell-off with few injuries so far, and traders may remain confident in the stock, with the consensus recommendation from Refinitiv [..]

Amazon Q1 earnings: Macro headwinds mount but cloud business saves the day – Stock Market News

Posted on April 27, 2022 at 3:48 pm GMT

Amazon is set to unveil its financial results for the first quarter of 2022 on Thursday, April 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. Nevertheless, Amazon’s cloud and advertising segments are anticipated to increase both their profitability and market share. The consensus recommendation from Refinitiv analysts remains ‘buy’, indicating that its secondary services [..]

Meta Q1 earnings: Can a solid report halt the sell-off? – Stock Market News

Posted on April 26, 2022 at 1:18 pm GMT

Facebook’s parent company, Meta Platforms Inc, is set to unveil its latest earnings on Wednesday, April 27, after Wall Street’s closing bell. The social media behemoth is going to face an extremely tough year-on-year comparison as the choice to prohibit Russian users from using its platforms had an adverse effect on both subscriber and advertisement growth figures. Apart from that, the firm experienced an alarming number of headwinds in the first quarter, causing its share price to nosedive, currently losing [..]

Alphabet to post mixed performance in toughest post-pandemic comparison – Stock Market News

Posted on April 22, 2022 at 11:00 am GMT

Google’s parent Alphabet is set to unveil its financial figures for the first quarter of 2022 on Tuesday, April 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 quarterly decline in both revenue and earnings figures. In the current unfavorable environment of rising interest rates, signs of a slowdown in economic growth could spell greater trouble for tech stocks. However, Alphabet’s [..]

Technical Analysis – JP 225 index struggles to gain more ground

Posted on April 21, 2022 at 7:29 am GMT

The JP 225 cash index found support around the 50-day simple moving average (SMA) over the last few sessions, remaining above 27,000. The boost from the 26,242 support helped the price to move higher, as the stochastic oscillator is approaching the overbought region with weak momentum. However, the RSI is flattening near its neutral threshold of 50. Should the index manage to strengthen its positive momentum, the next resistance could come around the 100-day SMA currently at 27,489 before meeting [..]

Technical Analysis – Tesla stock moves sideways ahead of Q1 earnings

Posted on April 20, 2022 at 10:24 am GMT

Tesla’s stock has been edging higher after its medium-term decline halted at the 710 region in mid-February. Nevertheless, in the past week the price has been moving sideways since its upside move stalled at 1,150. The momentum indicators suggest that bullish forces still hold the upper hand. The stochastic oscillator is sloping upwards, while the RSI has crossed above its 50-neutral mark. Should buying interest intensify and the price head north, immediate resistance could be encountered at the 1,070 barrier. Higher, [..]

Tesla Q1 earnings are on the agenda today – Stock Market News

Posted on April 20, 2022 at 9:46 am GMT

Tesla’s CEO Elon Musk caught everyone’s attention last week after becoming Twitter’s biggest shareholder and more shockingly after submitting his takeover bid for the social media platform. He will probably stay on the wires for a bit longer, as his electric car company Tesla is scheduled to release its first quarterly earnings for 2022 today after the market closes. The report could be another big win for Musk, however, Tesla’s stock may only extend its soft bullish rotation if the company’s forward guidance is ambitious enough. [..]

Technical Analysis – Microsoft stock halts decline but bearish bias holds

Posted on April 20, 2022 at 8:20 am GMT

Microsoft’s stock has been trending lower in the medium term, generating a profound structure of lower highs and lower lows. Although the price recently managed to find its feet and recoup part of its losses, the stock has been losing ground again after further advances were rejected at the 315.00 region in mid-March. The momentum indicators suggest that bearish forces remain in control. The MACD histogram is currently below both zero and its red signal line, while the RSI is [..]

Microsoft Q1 earnings eyed as rising yields torment tech stocks – Stock Market News

Posted on April 20, 2022 at 5:42 am GMT

The upcoming week will be packed with major US tech companies’ earnings releases, which are expected to draw significant attention as the tech giants are going to measure up to a tough year-ago comparison when revenue was surging due to the pandemic’s repercussions. The software behemoth Microsoft is the first from the tech gang to unveil its Q1 financial performance on Tuesday, April 26, after Wall Street’s closing bell. The third most valuable publicly traded company in the world is expected to record [..]

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