Stock Market News / Page 75

Technical Analysis – US 100 index flirting with record highs again

Posted on November 17, 2021 at 8:23 am GMT

The US 100 cash index came back swinging after the retreat in September, powering higher to reach a new record of 16,457 last week. The picture remains bright overall, with the market trading above all its moving averages (MAs) and an uptrend line drawn from the lows of September 2020. Short-term oscillators are transmitting mixed messages. The MACD looks ready to cross above its red trigger line, which would be an encouraging signal. However, the RSI is testing its overbought [..]

Will Q3 earnings maintain Nvidia’s stock momentum? – Stock Market News

Posted on November 15, 2021 at 4:37 pm GMT

Nvidia will unveil its earnings results for the third quarter on Wednesday after Wall Street’s closing bell. The largest chip-maker by market capitalization is expected to record a solid, double-digit year-over-year growth. Shares of the company have surged by almost 40% over the last month, on belief that the recent spending bill announced from Facebook for the creation of its Metaverse could materialize in $10 billion addressable market opportunity for Nvidia. Not a typical chip maker In a recent [..]

Walmart reports earnings amid surging inflation and supply bottlenecks – Stock Market News

Posted on November 15, 2021 at 11:23 am GMT

Walmart is set to unveil its third-quarter financial results on Tuesday before the market open. The company has largely benefited after the pandemic onset because it was considered an essential retailer by the regulators, allowing the firm’s stores to remain open while most of its competitors were forced to shut down their shops. Nevertheless, to keep up with the competition and further boost its revenue, the enterprise also improved its delivery subscription service, Walmart+. Although the retail giant is estimated to have a substantially high penetration rate of 11.1% in the US households due to its e-commerce [..]

Technical Analysis – US 30 index retreats from all-time highs; bullish outlook maintained

Posted on November 11, 2021 at 9:46 am GMT

The US 30 stock index pushed back from its all-time highs at 36562 amid weakened positive momentum. However, the overall bullish outlook is still maintained as the price is trading well above its 50- and 200-day simple moving average (SMA). The weakened positive momentum and the minor price depreciation are also supported by the short-term momentum indicators, as the RSI has decreased slightly over the past sessions, although it’s still above its 50 neutral mark, while the MACD is found [..]

Technical Analysis – US 500 index eyes uncharted heights as bullish bias sturdy

Posted on November 8, 2021 at 3:21 pm GMT

The US 500 stock index’s rally seems to gallop on unabated with imminent tapering on the horizon and a new infrastructure bill getting ready to be signed. The simple moving averages (SMAs) are sponsoring the robust uptrend in the index. The short-term oscillators are reflecting a pause in upside impetus prior to the fresh all-time high of 4,718. The MACD, deep in the positive region, is hovering beneath its flattening red trigger line, while the RSI is struggling to push [..]

Walt Disney earnings: Subscriber growth takes center stage – Stock Market News

Posted on November 5, 2021 at 1:34 pm GMT

The Walt Disney Company will release its fiscal fourth-quarter financial results on Wednesday after Wall Street’s closing bell. The leading entertainment powerhouse is expected to post an acceleration in year-on-year revenue growth for the September quarter as all Disney theme parks and movie theatres have reopened their doors. However, the real driver for markets will be the subscriber growth metrics of the firm’s booming streaming service. The consensus recommendation from Refinitiv analysts is ‘buy’. It’s all about streaming After being closed for [..]

PayPal reports earnings, can its stock recover? – Stock Market News

Posted on November 5, 2021 at 1:30 pm GMT

PayPal will unveil its earnings results for the third quarter on Monday after the market close. The pioneer in the payments infrastructure market is currently trading at a discount from earlier this year, underperforming the broader market. Despite a brief rebound after shutting down rumours that it will acquire Pinterest, PayPal’s share price continued its downtrend movement. This was attributed to concerns over muted spending growth reported by other credit card companies over the previous month. New products to catalyse [..]

Technical Analysis – US 30 index breaches 176.4% Fibo on upbeat NFP payroll

Posted on November 5, 2021 at 1:25 pm GMT

The US 30 stock index (Cash) has pushed past the 36,200 level, that being the 176.4% Fibonacci extension of the down leg of 35,893 until 35,495, which had capped recent advances, keeping the all-time high at 36,189. The index has now regained buoyancy after a minor pullback and is now heading for the resistance of 36,300. The advancing simple moving averages (SMAs) are endorsing the uptrend in the index. Moreover, the bullish Ichimoku lines are confirming that positive forces are [..]

Berkshire Hathaway prepares to unveil its Q3 earnings – Stock Market News

Posted on November 3, 2021 at 2:34 pm GMT

Berkshire Hathaway will unveil its earnings results for the third quarter on Saturday. The earnings from the Omaha-based conglomerate are extensively analysed by investors across the globe for insights into how the economic tide is shifting given the vast amount of subsidiaries the company holds. Despite the uncertainties surrounding supply chain bottlenecks, the company has been a standout performer against the broader market since the beginning of the year. A bet on the ever-rising US prosperity? The Omaha-based conglomerate acts [..]

Alibaba reports earnings amid China’s tech sector crackdown – Stock Market News

Posted on November 3, 2021 at 9:01 am GMT

Alibaba is set to announce its second-quarter financial results for the 2022 fiscal year on Thursday. The company’s shares have been on a rollercoaster ride this year as the retail behemoth was caught in the middle of a major crackdown on multiple sectors of the Chinese economy. However, the firm is anticipated to post solid financial figures due to its strong e-commerce performance, which is expected to remain strong. The consensus recommendation from Refinitiv analysts is ‘buy’. Can Alibaba navigate [..]

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