Stock Market News / Page 93

Will Tesla earnings live up to the hype as stock surges again? – Stock Market News

Posted on July 22, 2020 at 7:48 am GMT

Tesla Inc. has been an unstoppable force in the electric vehicle (EV) market and lately it’s been taking over the stock market as well, as its share price has skyrocketed by around 275% this year. But as Tesla attracts huge interest from across the trading community about the potential of its electric car technology, can its second quarter earnings satisfy the bloated expectations? The Company is scheduled to announce its results on Wednesday after the market close. Tesla sales not [..]

Microsoft earnings set for virus boost but overvalued stock faces downside risks – Stock Market News

Posted on July 21, 2020 at 1:25 pm GMT

US software giant, Microsoft Corporation, will announce its earnings results for the June quarter on Wednesday after the market close. Like most of its tech peers, Microsoft is expected to report year-on-year growth in revenue, bucking the depressing trend of the broader market where top lines have been negatively impacted by the coronavirus. But with the recent equities rally pushing the Company’s stock price well into the overvalued zone, will the earnings guidance impress investors who have become somewhat more [..]

Technical Analysis – US 30 index regains strength above SMAs and Ichimoku cloud

Posted on July 16, 2020 at 3:40 pm GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above the blue Kinjun-sen line may keep upside risks alive in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, comfortably above zero, has slipped below its [..]

Netflix earnings: Beating a low bar, but storm clouds ahead – Stock Market News

Posted on July 14, 2020 at 1:26 pm GMT

The world’s leading streaming provider will announce its second-quarter earnings on Thursday after Wall Street’s closing bell, and investors will be eager to find out how many subscribers the firm added amid the lockdowns. Admittedly, that bar has been set pretty low, so Netflix will likely have an easy time beating the gloomy forecasts. If so, that would argue for a positive reaction in its shares. That said, the stock has already rallied a long way and is trading at [..]

US big banks report Q2 earnings, could S&P 500 resume bull game? – Stock Market News

Posted on July 14, 2020 at 9:13 am GMT

US banks will kick off the earnings season for the second quarter this week in the pre-market session. JPMorgan Chase & Co, Citigroup, and Wells Fargo are reporting financial results on Tuesday, while on Wednesday, Goldman Sachs is announcing its own numbers before Bank of America and Morgan Stanley take the baton on Thursday. The data are arriving at a crucial time and could prove to be directional as markets are wondering whether the second virus outbreak can be a [..]

Technical Analysis – GER 30 index stalls appreciation above SMAs; momentum slows

Posted on July 13, 2020 at 3:26 pm GMT

Germany 30 Index (Cash) seems skewed to the upside as the price has moved above the rising simple moving averages (SMAs) and the Ichimoku cloud. Although the sideways market looks to be tipping towards the upside, it is currently on weak positive momentum, something also reflected in the Ichimoku lines and the short-term oscillators. The MACD, is holding above its red trigger line in the positive area with weak momentum, while the RSI gradually points higher in the positive region. [..]

Technical Analysis – US 500 index creeps higher; intentions appear positive

Posted on July 13, 2020 at 12:29 pm GMT

US 500 stock index (Cash) recently displayed a positive objective after finding a foothold on the 100-period simple moving average (SMA) and the upper surface of the Ichimoku cloud. The one-month neutral-to-bullish picture seems to have gained backing from the climbing SMAs and the recent bullish crossover by the 50-period SMA. Adding to this view are the positive signals reflected in the short-term oscillators. The MACD, in the positive region, is increasing above its red trigger line, while the RSI [..]

Technical Analysis – JP 225 index maintains horizontal mode

Posted on July 6, 2020 at 3:18 pm GMT

JP 225 stock index (Cash) may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the 50- and 100-period SMAs continue to indicate unclear direction and conflicting views. Conflicting signals are also suggested in the short-term oscillators. The MACD is above its red trigger and zero lines, while the RSI has marginally weakened under the 80 level. [..]

Technical Analysis – US 30 index attempts to keep recent gains intact

Posted on July 3, 2020 at 10:52 am GMT

US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks may be here to stay for a while. Conflicting signals exist in the directional picture of the index. The bullish Ichimoku lines mirror growing positive [..]

Technical Analysis – Tesla takes off like a rocket, prints new records

Posted on July 1, 2020 at 2:11 pm GMT

Tesla’s stock levitated to a new all-time high of 1086 yesterday, and today it overcame that too, continuing its relentless uptrend. The picture is overwhelmingly positive, with the structure of higher peaks and higher troughs being reinforced by all the simple moving averages (SMAs) sloping upwards and the price trading above an upside support line drawn from the March lows. Even short-term momentum oscillators are with the bulls, as the RSI just touched its 70 line while the MACD just [..]

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