Stock Market News / Page 72

Technical Analysis – FTSE 100 unable to return above 200-MA, bearish risks persist

Posted on January 25, 2022 at 3:34 pm GMT

The FTSE 100 stock index has fallen 5.3 percent since January 20 and the correction in the index appears to be deepening, something also being suggested by the rolling over of the 50- and 100-period simple moving average (SMAs). A completed bearish crossover of the 100-period SMA by the 50-period one would confirm that bearish pressures are intensifying. Currently, the Ichimoku lines suggest that negative forces are taking a breather, while the short-term oscillators are sponsoring additional selling in the [..]

Will Q1 earnings release boost Apple’s stock? – Stock Market News

Posted on January 25, 2022 at 10:39 am GMT

Apple is set to unveil its first fiscal quarter earnings on Thursday, January 27th, after Wall Street’s closing bell. The most valuable publicly traded company is expected to record its largest revenues in history, delivering a solid year-over-year growth. Despite its 2022 share price depreciation of almost 12%, the company’s shares are up by 6% since the last earnings report, outperforming the broader market, which is down by 4% over the same period. Apple’s future looks bright Augmented reality (AR) and [..]

Tesla shares run out of juice before earnings – Stock Market News

Posted on January 20, 2022 at 1:33 pm GMT

The world’s leading electric carmaker will report its quarterly earnings on Wednesday, after the US market close. Earnings and revenue are both expected to have improved dramatically thanks to record car deliveries. That said, traders don’t seem very impressed as Tesla shares are trading 17% lower this year. Are valuation concerns starting to bite now that interest rates are rising? Record deliveries Tesla closed 2021 with a bang, announcing a couple of weeks ago that it had delivered a record-breaking [..]

Will Q2 earnings recharge Microsoft’s stock? – Stock Market News

Posted on January 19, 2022 at 12:44 pm GMT

Microsoft is set to unveil its second fiscal quarter earnings results on Tuesday, January 25th, after Wall Street’s closing bell. The second most valuable publicly traded company is expected to record a solid, double-digit year-over-year growth. Despite its 2022 share price depreciation of almost 10%, the company has surged by almost 40% over the past year, outperforming the broader market. Microsoft’s story continues to be cloud Digitalization trends and cloud adoption have been the major driving forces for the company’s [..]

Technical Analysis – US 100 extends decline as negative momentum intensifies

Posted on January 18, 2022 at 3:37 pm GMT

The US 100 stock index (cash) has been trending downwards in the short term since its long-term upside trajectory peaked at the all-time high of 16,767 in late November. Moreover, the price has crossed beneath the Ichimoku cloud, while its 50-day simple moving average (SMA) is ticking downwards, further reinforcing the index’s near-term bearish picture. The resumption of the short-term retreat is the most likely scenario as the momentum indicators depict that selling forces have taken control. The MACD histogram is found below both zero and its red signal line, while [..]

AMD to post robust earnings amid tech stocks selloff – Stock Market News

Posted on January 18, 2022 at 2:30 pm GMT

Advanced Micro Devices (AMD) is set to unveil its financial results for the last quarter of 2021 on Tuesday, January 25, after Wall Street’s closing bell. The company is one of the leading and most innovative semiconductor designers in the world, thus its figures could also reflect to what extent the global long-lasting chip shortage issue has been resolved. Although earnings and revenue are expected to grow, the upcoming interest rate hike cycle by the Fed in 2022 seems to [..]

Technical Analysis – US30 index meets support at 200-SMA; bearish forces persist

Posted on January 17, 2022 at 8:57 am GMT

The US 30 index has retreated from its all-time high in early January amid strengthening negative momentum. Moreover, the index has crossed below the 50-period simple moving average (SMA), which is considered as a bearish sign for the near term. Short-term momentum indicators are also reflecting a negative bias for the index, as the RSI is located below its 50 neutral mark. The MACD is found below zero and below its red signal line, indicating that negative momentum might be [..]

Three major US banks prepare to unveil their Q4 earnings – Stock Market News

Posted on January 14, 2022 at 2:37 pm GMT

Earnings releases for major US banks will resume with Goldman Sachs unveiling its results for the fourth quarter on Tuesday before the market opens, followed by Morgan Stanley and Bank of America on Wednesday, also before the markets’ opening bell. The financial institutions are expected to end 2021 on a firm note, capitalizing on high investment banking activity and the release of reserves from non-materialized loan losses. Solid core revenues in the picture Goldman Sachs, Bank of America and Morgan Stanley are expected [..]

Netflix enters bear market ahead of earnings – Stock Market News

Posted on January 13, 2022 at 3:25 pm GMT

The world’s dominant streaming platform will release its latest earnings on Thursday, January 20, after Wall Street’s closing bell. Profits are expected to have taken a hit thanks to heavy spending on new content, although the most important metric will be subscriber growth. Netflix shares have suffered a serious drawdown lately and could get even cheaper in an environment where rising interest rates torment stocks with expensive valuations. Investing in content Netflix enjoyed a massive boom during the early stages [..]

US major banks are poised for a solid year-end, posting robust Q4 earnings – Stock Market News

Posted on January 12, 2022 at 2:57 pm GMT

The biggest US banks will kickstart the earnings season for the last quarter of 2021, with JP Morgan Chase, Wells Fargo and Citigroup reporting their financial results on Friday before Wall Street’s opening bell. The banking behemoths are expected to close the year on the front foot, capitalizing on the elevated investment banking fees and the significant progress in the reduction of non-performing loans (NPLs) during the pandemic. In addition, the current economic environment seems favorable for the banks as the markets are pricing [..]

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