Stock Market News / Page 76

Will BMW emerge stronger from the ongoing supply challenges? – Stock Market News

Posted on October 29, 2021 at 10:13 am GMT

BMW will unveil its earnings results for the third quarter on Wednesday before the market opens. The German luxury carmaker is expected to record a slight decrease in year-over-year revenue as the increasing chip shortages are hampering output. However, despite the uncertainty, BMW and the German automobile sector have been standout performers against the broader market. The company’s share price has appreciated by 22% since the beginning of the year, compared to the 14% increase of the DAX index. This [..]

Exxon Mobil reports Q3 earnings amid surging oil and gas prices – Stock Market News

Posted on October 27, 2021 at 3:18 pm GMT

Exxon Mobil Corporation is set to unveil its third-quarter financial results before the opening bell on Friday. The oil behemoth is expected to post solid figures as commodity prices have skyrocketed in the last quarter. Moreover, the company will measure up to a rather weak annual comparison when the energy sector was just coming out of the pandemic-induced demand and price destruction. Although this quarter promises a sequential improvement, the consensus recommendation from Refinitiv analysts is ‘hold’, indicating moderate growth [..]

Microsoft earnings: starting the new fiscal year in slow gear – Stock Market News

Posted on October 26, 2021 at 9:27 am GMT

It will be a packed week of tech earnings releases in the US, but the software giant Microsoft Corp could draw special attention when it will report its first quarterly results for the new 2022 fiscal year after the closing bell on Tuesday. Despite some softness during the previous month, the company’s stock was one of the few in the industry to quickly sail back into uncharted territory, comfortably outpacing its peers across the board. Forecasts suggest earnings’ growth could [..]

Google Cloud to likely offset ad woes as Alphabet set for strong earnings – Stock Market News

Posted on October 25, 2021 at 5:47 pm GMT

Google parent, Alphabet Inc, will report its third quarter earnings on Tuesday after the market close as its stock’s incredible post-pandemic rally takes a pause. Worries about ad revenue are weighing on the search giant’s share price but the Q3 earnings could ease those concerns as they will likely show that the cloud business is going from strength to strength. However, will there be enough positives in the earnings call to inject fresh life into the rally? Apple privacy policy [..]

Technical Analysis – Microsoft stock near all-time high prior to earnings publication

Posted on October 25, 2021 at 3:40 pm GMT

Microsoft stock price is withdrawing slightly from its freshly reached all-time high of 310.84, but the outlook appears to remain strongly bullish. Reinforcing this view are the advancing simple moving averages (SMAs), which seem to be shielding the positive structure. The short-term oscillators are indicating that positive momentum is starting to wane. The MACD, far above zero and its red trigger line, is starting to ease, while the RSI is heading lower in bullish territory after deflecting off the 70 [..]

Amazon Q3 earnings: Slowdown as pandemic fades? – Stock Market News

Posted on October 25, 2021 at 3:16 pm GMT

Amazon is set to unveil its third-quarter financial results on Thursday after the market close. This earnings announcement will be eyed closely as it will shed light on the post-lockdown period, allowing investors to monitor how well Amazon can measure up to a tough year-ago comparison when revenue was surging due to Covid-19 restrictions. Although deterioration in the company’s growth figures is expected, the consensus recommendation from Refinitiv analysts is ‘buy’, indicating strong growth prospects for the firm. Can Amazon adapt to maintain its pandemic [..]

Technical Analysis – Google stock eases near 20-day SMA ahead of earnings release

Posted on October 25, 2021 at 2:31 pm GMT

Google stock keeps heading south ahead of its earnings release tomorrow, currently struggling to crawl back above its 20-day simple moving average (SMA) at 2,775 The RSI is also in bearish territory below 50, clearly pointing down, as the MACD is losing ground in the positive region, both suggesting that the next move in the price could be to the downside than to the upside. Failure to climb above the 20-day SMA could see losses extending towards the 2,618 support level. Lower, the [..]

Will Apple finally suffer from the never-ending supply chain crisis? – Stock Market News

Posted on October 25, 2021 at 2:27 pm GMT

Apple is poised for another stellar performance on Thursday when it unveils its fourth quarter earnings results after the Wall Street’s closing bell. The most valuable publicly traded company is expected to record a solid, double-digit year-over-year growth. Despite its share price appreciation by almost 15% since the beginning of the year, Apple has underperformed slightly the broader market. The underperformance can be attributed to supply chain disruptions and semiconductor shortages, which are seen by analysts as a speed bump [..]

Technical Analysis – US 30 index breaches August 16 all-time high

Posted on October 22, 2021 at 12:58 pm GMT

The US 30 stock index (Cash) has barely conquered the previous all-time-high reached on August 16 at 35,632, though the picture remains upbeat. The climbing 50- and 100-period simple moving averages (SMAs), and the recent bullish crossover of the 200-period SMA by the 100-period one is endorsing the more than one-week uptrend that started gaining momentum off the 34,111 level. The Ichimoku lines are demonstrating that positive momentum is starting to increase, while the short-term oscillators are exhibiting a slight [..]

Facebook earnings: Navigating risks – Stock Market News

Posted on October 21, 2021 at 8:49 am GMT

The world’s leading social media titan will report earnings on Monday after Wall Street’s closing bell. Facebook shares have retreated lately amid a barrage of negative headlines, from a whistleblower testifying before Congress to fears that digital advertising growth will slow. Things could get worse in the near term, but valuation remains attractive and the company’s prospects are quite bright as it leads the way into virtual reality. Rebranding Facebook is no stranger to bad publicity. It has faced several [..]

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