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Southwest hits turbulence ahead of earnings release – Stock Market News

Posted on October 20, 2021 at 3:47 pm GMT

The Dallas-based, Southwest Airlines Co, will unveil its earnings results for the third quarter on Thursday before the market open. The company has beaten its earnings forecasts three times over the past four quarters. Despite the 9.6% increase in its stock price since the beginning of the year, Southwest shares have underperformed both the S&P 500 and the US Global Jets ETF that tracks the air travel industry. The underperformance can be attributed to worker shortages and growing logistics problems [..]

Technical Analysis – Tesla stock bullish but overbought ahead of Q3 earnings

Posted on October 20, 2021 at 3:46 pm GMT

Tesla’s stock rose exponentially last week to finally close the large gap with January’s record high of 899.98, but as the clock is ticking down to the Q3 earnings release today, traders are wondering whether the price can sail back to uncharted waters or start a new bearish cycle. From a technical perspective, the latest upswing is looking overstretched. The RSI and the Stochastics seem to lose steam above their overbought levels, while the price’s close above the Bollinger band [..]

American Airlines earnings expected to improve, but road back to profitability seems long – Stock Market News

Posted on October 20, 2021 at 2:27 pm GMT

American Airlines will report its Q3 earnings results before the market open on Thursday. Although there is a restrained optimism for the firm’s figures, the decline in passenger demand due to the long-lasting Covid-19 disruptions and the Delta variant outbreak during the summer seems to be preventing the complete recovery of the airline sector. The uncertain outlook for the company’s prospects is reflected by the fact that out of the 21 Refinitiv analysts, there are just five ‘buy’ recommendations, while eight recommend [..]

Tesla shares storm higher ahead of earnings – Stock Market News

Posted on October 19, 2021 at 2:37 pm GMT

The earnings season will kick into high gear on Wednesday after the market close when Tesla reports its quarterly results. The stock is almost back at record highs as traders loaded up ahead of the event, betting the electric carmaker will weather the devastating chip shortage better than its rivals. However, this implies the risks are likely asymmetric here, with most of the good news around earnings already priced in. What disruptions? The nightmare in supply chains that kneecapped traditional [..]

Netflix Q3 earnings: A squid game boost? – Stock Market News

Posted on October 18, 2021 at 3:06 pm GMT

Netflix’s headlines are all about its South Korean drama-thriller “Squid game” these days, though whether its Q3 earnings results will be as victorious as its new big hit, will be discovered on Tuesday after the market close. The popular streaming provider will probably post mixed financial results, but, as usual, updates on subscription growth will be the primary source of volatility for the company’s stock. The recommendation from I/B/E/S Refinitiv analysts is buy. Netflix outperforms rivals Although it is [..]

Technical Analysis – US 30 index steers above 35,000; sentiment upbeat

Posted on October 15, 2021 at 11:44 am GMT

The US 30 stock index’s (Cash) two day aggressive rally from 34,111 is heading for the 35,113-35,200 resistance border, after piloting above all the simple moving averages (SMAs). The upturns in the 50- and 100-period SMAs are reflecting the sudden rise in intensity of positive impetus, following a period of consolidation in the index. Convincing directional drive has ceased and this is being conveyed in the short-term oscillators. The MACD is strengthening in the positive region, while the RSI has [..]

Alcoa headed for another earnings beat as aluminium prices skyrocket – Stock Market News

Posted on October 13, 2021 at 3:41 pm GMT

US aluminium giant, Alcoa Corp, will unveil its earnings results for the third quarter on Thursday after the market close. The Company has beaten its earnings in each of the preceding six quarters and with the price of aluminium soaring lately, another strong set of results could be on the cards. Alcoa stock has been outperforming the S&P 500 Metals & Mining Industry index this year, as well as the broader S&P 500 index. Can the Q3 earnings keep the [..]

JPMorgan beats profit expectations, banking sector could hold resilient – Stock Market News

Posted on October 13, 2021 at 1:10 pm GMT

As usual, the earnings parade starts with the biggest US banks. Following an encouraging release from JPMorgan, the focus will turn to Bank of America, Citigroup and Wells Fargo on Thursday, and Goldman Sachs on Friday. The lacklustre growth in profits in the first half of the year is expected to cool down further and a more careful guidance could press sentiment, though the macroeconomic outlook will probably remain favourable for the banking sector, maintaining support under the 2021 stock [..]

A glance at the upcoming Q3 earnings season – Special Report

Posted on October 7, 2021 at 2:59 pm GMT

It took only five months for the S&P 500 to heal its 2020 pandemic wounds and sail back to uncharted waters as the Fed’s massive stimulus and heavy fiscal support boosted business sentiment and levelled up stock purchases. Companies never saw their quarterly earnings results growing so exponentially as over the past year, making the stock rally more sparkling and every dip an opportunity to buy. Nevertheless, things could take a different turn when the Q3 earnings season starts next week. Growth concerns, [..]

Technical Analysis – US 500 index struggles to clear longer-term MAs

Posted on September 27, 2021 at 1:59 pm GMT

The US 500 stock index’s (Cash) recent progress has hit a snag around the converged 100- and 200-period simple moving averages (SMAs), pulling back after spiking to the September 17 high of 4,482. The lagging SMAs are now endorsing a more neutral price tone in the pair. The short-term oscillators are reflecting the recent price drop and are signalling that upside momentum lacks potency to revive the price incline. The MACD in the positive region is slowing towards its red [..]

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