Stock Market News / Page 79

What to expect from Facebook earnings – Stock Market News

Posted on July 27, 2021 at 3:10 pm GMT

The world’s dominant social media platform will report earnings on Wednesday after markets close. Another stellar quarter is expected as the company reaps the rewards of the booming online-ad market. Overall, Facebook’s future remains promising as it enters the VR arena, with the only real risk being a monopoly lawsuit. Winning The gravy train keeps on rolling for Facebook. The company has surpassed $1 trillion in market capitalization lately amid signs that the online advertising market is making a huge [..]

Microsoft to close 2021 fiscal year with a strong book – Stock Market News

Posted on July 27, 2021 at 12:53 pm GMT

While the latest swift rise in global Covid cases sparked growth concerns last week, tech behemoths like Microsoft proved once again that nothing can stand in their way higher. Having pinned fresh record highs on Wall Street recently, the Redmond-based software giant is expected to justify its recent rally in stock markets when its Q4 earnings come out today after the closing bell. The consensus recommendation from Refinitiv analysts is buy. Market cap jumps to historic $2 trillion Microsoft’s stock [..]

Technical Analysis – Apple stock holds in bullish territory; next target 150.00

Posted on July 27, 2021 at 7:38 am GMT

Apple stock price is gaining momentum above the Ichimoku lines, holding around the record high of 149.86. The strong bullish structure has been holding since May 30 and the 50- and 200-day simple moving averages (SMAs) are pointing upwards. The RSI indicator is heading towards the overbought region; however, the MACD is flattening below its trigger line in the positive area. Immediate resistance could come from the 149.86 level before inserting into uncharted levels such as 150.00, 151.00 and [..]

Apple earnings: strong sales to keep stock’s bullish trend intact – Stock Market News

Posted on July 26, 2021 at 2:54 pm GMT

Apple Inc. is due to announce its earnings results on Tuesday after the close of trading on Wall Street. Having managed to not only notch up positive year-on-year revenue growth during the pandemic, Apple has also been posting record earnings per share, catapulting its stock to an all-time high of $150 earlier this month. Expectations for the June quarter – Apple’s fiscal Q3 – are running high on speculation of solid demand for its product line-up. However, with revenue estimates [..]

Technical Analysis – US 500 index stretches to fresh record high of 4,415

Posted on July 26, 2021 at 1:37 pm GMT

The US 500 stock index (Cash) is ticking back up after a minor pullback from its recently reached all-time high of 4,415. The positively charged 100- and 200-period simple moving averages (SMAs), along with the recouped elevation in the 50-period SMA’s slope, are endorsing upside momentum. The bullish Ichimoku lines are reflecting a pause in positive price action, while the short-term oscillators are transmitting mixed signals in directional impetus. The MACD far above zero is dwindling towards its red trigger [..]

Can Tesla’s earnings reawaken its stock? – Stock Market News

Posted on July 22, 2021 at 2:20 pm GMT

The world’s largest electric carmaker will release its quarterly results on Monday after markets close. This year has been difficult for Tesla shareholders so far, but that follows an incredible rally last year which saw the company’s valuation go through the roof. While the future remains bright, the risk-to-reward profile doesn’t look very attractive here. Executing With a high valuation comes high execution risk, but luckily Tesla has been delivering on that front lately. The company recently said it delivered [..]

Technical Analysis – Tesla stock attempts to jump above descending triangle

Posted on July 22, 2021 at 10:21 am GMT

Tesla stock price has been trading within a descending triangle since January 25 and is currently meeting the downtrend line near the 20-day simple moving average (SMA) at 661. The RSI indicator is slipping marginally down in the positive region, while the MACD is losing momentum below its trigger line in the bullish area. The Ichimoku cloud is moving sideways, mirroring the price actions over the last month. In the case of an upside penetration of the triangle, immediate resistance [..]

Reopening, low base effect to drive revenue surge at US airlines in Q2 – Stock Market News

Posted on July 19, 2021 at 5:46 pm GMT

Airlines will dominate the US earnings calendar this week and following Delta Air Lines’ impressive results last Wednesday, hopes are high that the industry can return to profit in a post-pandemic world. United Airlines will be the first to report on Tuesday after the close of trading, while American Airlines and Southwest Airlines will both announce their results before Wall Street’s opening bell on Thursday. After a strong year-long rally that lasted till April, airline stocks have since been trending [..]

Technical Analysis – US 500 index’s plunge stretches below 200-MA

Posted on July 19, 2021 at 3:20 pm GMT

The US 500 stock index has continued to deteriorate from the region of its all-time highs of 4,392, slipping below the simple moving averages (SMAs), before finding some footing around the 4,232-4,241 support zone. The topping 50-period SMA is suggesting a slight shift in sentiment to the downside as it heads for a bearish crossover of the 100-period SMA. The diving Ichimoku lines are backing strong downward momentum, while the short-term oscillators are signalling dictating bearish forces. The MACD, below [..]

Netflix Q2 earnings: bracing for subscription slowdown but optimism to hold – Stock Market News

Posted on July 16, 2021 at 1:54 pm GMT

Netflix is due to release its Q2 earnings on Tuesday after the market close as its share price is ramping up on Wall Street for a second consecutive month. Analysts are forecasting another solid report, and although the explosive growth in 2020 may continue to dwindle, the broad outlook for the popular video streaming provider is expected to remain sunny. The consensus recommendation from Refinitiv analysts is buy. Subscription growth may normalize The company kicked the new year on the [..]

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