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Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets

Posted on April 23, 2024 at 11:49 am GMT

Alphabet reports earnings after market close on April 25 Forecasts point to double-digit revenue and earnings growth Despite stock rally to record highs, valuation is cheap against tech clan Core business shines, but focus shifts on AI After an outstanding 2023, Alphabet has started 2024 on a firm note, outperforming major US indices amid heightened volatility. This solid performance is mainly attributed to the firm’s dominant position in advertising and online search businesses. However, Alphabet’s stock experienced a significant spike to the [..]

Slightly lower volatility across the board ahead of key US data – Volatility Watch

Posted on April 23, 2024 at 9:54 am GMT

Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in the remaining currencies, including the yen and pound crosses, with the former facing a real risk of market intervention and the latter being affected by a [..]

Technical Analysis – US 500 index rebounds off 2-month low below 5,000

Posted on April 23, 2024 at 8:55 am GMT

US 500 index erases bearish correction MACD and RSI show mixed signals The US 500 cash index is recouping some losses after it lost almost 6% from the 5,240 high. The price dived to a fresh two-month low of 4,924 but failed to have a closing day beneath the 100-day simple moving average (SMA). The market has been in a downside correction in the short-term view with the MACD endorsing this view as it is standing beneath its trigger and [..]

Technical Analysis – Is Tesla’s bearish spiral about to end soon?

Posted on April 23, 2024 at 8:30 am GMT

The week begins with Tesla stock hitting new lows. Critical support trendline raises hopes for a bullish reversal Q1 earnings to be announced on April 23 after the bell Tesla’s stock started Monday’s session with a downward gap, hitting a nearly 18-month low of 138.84, before ending the day with minimal gains at 141.88. With a substantial portion of the January-July 2023 uptrend retraced, investors are now watching closely to see if there will be a bullish rotation in [..]

Microsoft reports earnings as AI wars intensify – Stock markets

Posted on April 23, 2024 at 7:21 am GMT

Microsoft will report earnings on Thursday, April 25 after the bell Analysts expect solid growth, driven by artificial intelligence But share valuation is already stretched, so upside may be limited Leading the AI arms race Microsoft has been at the forefront of the ‘artificial intelligence wars’ over the past year, following its acquisition of OpenAI and several other startups. Just last week, the company announced it will invest $1.5bn in Abu Dhabi’s G42 group, its latest bet on this emerging technology. The market [..]

Meta reports Q1 earnings after new AI model – Stock Markets

Posted on April 22, 2024 at 12:38 pm GMT

Meta platforms to report decent annual growth in Q1 How will the US election influence revenue from advertising? Meta stock is not overvalued, but needs promising AI guidance to rally Meta’s prestige performance Earnings from the US Magnificent seven will start rolling in within the coming weeks, with Meta platforms, the parent company of Facebook and Instagram scheduled to report its first quarter financial results on Wednesday April 24 after the US market closes. Despite ongoing legal battles and [..]

Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets

Posted on April 17, 2024 at 10:50 am GMT

Tesla reports earnings on April 23 after market close Weak delivery data set the ground for downbeat financials Valuation is overstretched despite a 35% YTD stock decline Devastating start to the year Tesla has been steadily among the ten worst performing stocks of the S&P 500 in 2024 as investors have been raising concerns over the firm’s growth outlook. Since the beginning of the year, Tesla shares have shed around 35%, jeopardising the electric car manufacturer’s spot within the [..]

Technical Analysis – JP 225 index tests crucial support zone

Posted on April 16, 2024 at 9:06 am GMT

JP 225 index pulls back from its all-time high Drops below 50-day SMA to face March support Momentum indicators are skewed to the downside The JP 225 index (cash) has been experiencing a downside correction after posting a fresh all-time high of 41,147 on March 21. In the near term, the price has declined beneath its 50-day simple moving average (SMA), while currently testing the March support of 38,300. Should the price break below the crucial 38,300 zone, the bears could attack the January resistance of [..]

Technical Analysis – Goldman Sachs stock gains on strong earnings

Posted on April 15, 2024 at 2:36 pm GMT

Goldman Sachs shares pull back from record high levels Jump back above 50-day SMA after solid Q1 earnings call Short-term oscillators turn positive Goldman Sach’s stock has been in a steady advance since October 2023, posting consecutive multi-month highs and peaking at 418.00 just shy of the record peak of 425.00. Although the price had been losing ground in the near term, it reclaimed the 50-day simple moving average (SMA) due to the upbeat Q1 earnings report. To the upside, [..]

Will Netflix earnings take the share price closer to its record highs? – Stock Markets

Posted on April 15, 2024 at 12:29 pm GMT

Netflix is set to announce strong EPS and revenue growth Subscribers and ad revenue may take center stage High valuation and performance increase downside risks The streaming giant publishes results on Thursday, after the closing bell Analysts expect stellar performance On April 18, Netflix is scheduled to announce its earnings results for Q1 2024, with expectations pointing to earnings-per-share (EPS) of $4.52, marking an outstanding increase of 56.81% from the same reporting period of 2023, and more than doubling the [..]

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