Stock Market News / Page 97

US airlines heading for an earnings crash; can bailouts save them? – Stock Market News

Posted on April 23, 2020 at 10:32 am GMT

US airlines will grab the earnings spotlight over the next week as they reveal the financial cost of the COVID-19 pandemic on their first quarter performance. Southwest Airlines will announce its results on Thursday before the market close, followed by American Airlines on Friday, also before the market close. United Airlines, which was due to release its earnings on Tuesday, has postponed its announcement to April 28. That has left the honours of being the first major carrier to post [..]

Amazon’s Q1 earnings in the spotlight as virus crisis bodes well – Stock Market News

Posted on April 22, 2020 at 3:17 pm GMT

The e-commerce giant Amazon.com Inc will publish earnings results for the March quarter on April 30 after the market’s close. Despite the global health crisis, the virus situation bodes well for Jeff Bezos’ successful company and although forecasts suggest a mixed earnings report, traders may not easily give up their long exposure in the stock, with the consensus recommendation by Refinitiv analysts being “buy”. Amazon gains in good times and bad COVID-19 is shaking up the global business world, forcing hundreds of [..]

Technical Analysis – Amazon stock tumbles from record high; still bullish in long term

Posted on April 22, 2020 at 1:13 pm GMT

Amazon stock price reversed to the downside after the aggressive bullish action to the all-time high of 2,458. The RSI indicator is turning lower from the overbought zone, while the stochastic oscillator fell from the 80 level following the bearish crossover within the %K and %D lines. However, the MACD is still extending its bullish movement above the trigger line. Should the price decisively close above the roof of the record high of 2,458, that could drive the market towards [..]

Technical Analysis – Netflix stock advances to all-time high; stochastic suggests overbought

Posted on April 21, 2020 at 9:21 am GMT

Netflix stock price had been in an aggressive bullish rally in the previous periods, challenging a fresh all-time peak at 449.32 on April 16. The RSI and the MACD are confirming this strong upside tendency as both are gaining momentum in positive territories. However, the stochastic is suggesting an overbought market, as it has turned lower and posted a bearish crossover within the %K and %D lines above 80 area. Also, the 200-day simple moving average (SMAs) is flattening, while [..]

Netflix set for glowing earnings and even brighter guidance amidst virus gloom – Stock Market News

Posted on April 17, 2020 at 11:15 am GMT

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world pass their times by binge-watching. But with many of Netflix’s main markets entering a lockdown towards the very end of the quarter and some countries [..]

Technical Analysis – US 30 index consolidates above 200-MA; maintains bullish tone

Posted on April 16, 2020 at 12:50 pm GMT

US 30 Index (Cash) has taken a breather, trading around the mid-Bollinger band after breaking above the 200-period simple moving average (SMA) on the four-hour chart. That said, the index sustains its bullish bearing and is aided by the supportive trend line drawn from March 23, which has merged with the upward-sloping 50-period SMA. Moreover, the short-term oscillators are holding onto positive improvements in the price and could be boosted by the approaching bullish crossover of the 200-period SMA by [..]

Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:37 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]

US big four banks may give a depressing start to earnings season – Stock Market News

Posted on April 13, 2020 at 3:59 pm GMT

The four largest US banks will kick off the earnings season after the Easter break on Tuesday and Wednesday but for the first time after a long time markets will be indifferent whether the results will beat or miss forecasts as investors are aware that the path of earnings is a one-way direction to the downside thanks to the virus-led lockdown. Yet, any indication of how badly the financial sector may suffer could be the trigger for another volatile session [..]

Technical Analysis – GER 30 improves above 200-period MA

Posted on April 13, 2020 at 3:17 pm GMT

German 30 index’s (Cash) price appears to be gaining ground above the 200-period simple moving average (SMA), backed by the rising Ichimoku lines and the advancing 50- and 100-period SMAs. Also supporting this view, are the short-term oscillators, which display increasing positive momentum. The MACD, in the positive region, is strengthening above its red trigger line, while the RSI is rising in the overbought territory. If buyers continue to control the market, initial resistance could come from the 10,898 level, [..]

Technical Analysis – JPMorgan stock extends up in very short-term; indicators show upside tone

Posted on April 13, 2020 at 12:53 pm GMT

The JPMorgan stock price is finding resistance at the 104.30 barrier after the gap up that it posted on Thursday and the pullback on the three-and-a-half-year low of 76.50. Technically, the price is trading above the red Tenkan-sen and the blue Kijun-sen lines in the daily timeframe, but the simple moving averages (SMAs) are still pointing south. However, the RSI indicator is entering the positive path, while the MACD oscillator is rising above its trigger line, approaching the zero level. [..]

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