Stock Market News / Page 70

Can ad revenue and user growth revive Twitter’s stock? – Stock Market News

Posted on February 7, 2022 at 2:18 pm GMT

Twitter will be the last of the major tech companies to report its Q4 earnings on Thursday before Wall Street’s opening bell. The social media behemoth is projected to enjoy a boost in its revenue as advertising sales have been steadily increasing since the global economic reopening but also experience a minor contraction in its earnings per share (EPS). However, investors’ focus will remain on user figures as a solid increase could bolster future growth expectations and halt the ongoing decline in the company’s share [..]

Technical Analysis – US 500 index’s gains curbed by downtrend line and 200-MA

Posted on February 7, 2022 at 11:20 am GMT

The US 500 stock index (Cash) is currently consolidating in the vicinity of the 100-period simple moving average (SMA) after the recent retreat in the price bounced off the 50-period SMA. The longer-term 100- and 200-period SMAs have yet to indicate that the bearish trend has faded. However, the rising 50-period SMA is advertising a bullish crossover of the 100-period SMA, which if achieved would suggest upside pressures are gaining some ground. The short-term oscillators are reflecting the minor negative [..]

Will Disney’s Q1 earnings make it or break it? – Stock Market News

Posted on February 4, 2022 at 1:38 pm GMT

Disney is set to unveil its first fiscal quarter earnings results for 2022 on Wednesday, February 9, after Wall Street’s closing bell. The House of Mouse is expected to record a stellar, double-digit year-over-year growth. However, investors will once again shift their attention to streaming subscriber growth, hoping that better-than-expected net additions could revive Disney’s share price. It’s all about subscriptions Disney’s stock took a major blow after its last earnings release due to the disappointing net subscribers growth. This [..]

Technical Analysis – Amazon sinks to recent lows; bias cautiously bearish

Posted on February 4, 2022 at 8:58 am GMT

Amazon’s stock tumbled back to January’s lows during Thursday’s US trading hours after its latest upside correction proved too feeble to breach the wall around the 20-day simple moving average (SMA) at 3,044. The pullback in the RSI and the MACD, which continue to fluctuate within the bearish area for the third consecutive month, suggests sellers are still active in the market. However, with the former having already built a double bottom pattern below its 30 oversold level and near its [..]

Pfizer to post stellar earnings as Covid seems far from over – Stock Markets News

Posted on February 3, 2022 at 1:20 pm GMT

Pfizer is set to unveil its financial results for the last quarter of 2021 on Tuesday, February 8, before Wall Street’s opening bell. The pharmaceutical behemoth is going to face a favorable year-over-year comparison as its ground-breaking Covid-19 vaccine, was only authorized in mid-December of 2020. In addition, the development of a wide range of innovative treatments, which were recently approved or are in the stage of approval by the FDA, is expected to further bolster the firm’s growth figures. Therefore, the consensus [..]

Technical Analysis – US30 index powers back, crossing above its 50-SMA

Posted on February 3, 2022 at 8:44 am GMT

The US 30 cash index came back swinging after its January retreat, as the downtrend move appeared to be overextended. Currently, the index is trading above its 50- and 200-day simple moving averages (SMA), supporting an overall cautiously bullish outlook. Short-term momentum indicators are also reflecting a positive bias as the RSI is hovering above its 50 neutral mark. Moreover, despite being below zero, the MACD is found above its red signal line, which indicates that the recent negative forces [..]

Technical Analysis – Google’s stock nosedives after big bullish gap

Posted on February 2, 2022 at 4:07 pm GMT

Google’s stock opened with a big positive gap on Wednesday to almost touch November’s record high of 3,033 in the aftermath of Tuesday’s upbeat Q4 earnings report. Sellers, however, took immediately control of the market, squeezing the price back below the 3,000 level. The short-term risk is still in the bullish area as the RSI is maintaining a steep positive slope above its 50 neutral mark, while the MACD remains comfortably elevated above its red signal line. Yet, with the [..]

Technical Analysis – Facebook’s stock opens higher ahead of Q4 earnings

Posted on February 2, 2022 at 3:05 pm GMT

Facebook’s stock opened above its 20-day simple moving average (SMA) on Wednesday, extending its quick rebound to 326.44 ahead of its earnings release. Trend signals remain unfavorable as long as the price continues to fluctuate within the downward-sloping channel. On top of that, the 20-day SMA failed to cross back above the longer-term 200-day SMA recently, heightening concerns that the bearish pattern could stay in place for longer. On the other hand, the momentum indicators are looking more encouraging. The MACD has [..]

Is Qualcomm an attractive bet ahead of its Q1 earnings? – Stock Market News

Posted on February 1, 2022 at 1:53 pm GMT

Qualcomm is set to unveil its first fiscal quarter earnings results for 2022 on Wednesday, February 2, after Wall Street’s closing bell. The semiconductor company is expected to record a solid, double-digit year-over-year growth. Despite its share price appreciating by almost 20% during 2021, the company underperformed both the S&P 500 index and the SOXX semiconductor ETF. 5G rollout to drive future earnings Qualcomm is currently powering most of the premium Android devices with its Snapdragon chips, while its 5G [..]

Technical Analysis – US 500 index advances above 200-day SMA again

Posted on February 1, 2022 at 1:48 pm GMT

The US 500 stock index (cash) has rebounded after falling to a seven-month low of 4,210 on January 24 and momentum indicators now suggest that the market sentiment might get better as the RSI is reversing back to the upside after falling to an oversold level. The MACD also looks to be changing direction, moving up to meet its trigger line in a negative zone. Should bullish dynamics dominate, the market might revisit the 20- and then the 40-day simple [..]

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