Stock Market News

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Technical Analysis – American Express stock struggles in consolidation area; longer timeframe remains bullish

Posted on July 18, 2018 at 1:24 pm GMT

American express stock price has been developing within a consolidation area in the medium-term with upper boundary the 103.20 peak and lower boundary the 95.40 trough since April 19. Currently, the market drove the price above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, suggesting a re-challenge of the trading range’s roof. Turning to momentum indicators, the RSI is sloping north above in the positive territory with weaker momentum than before, while the MACD oscillator is strengthening its movement [..]

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Stock Market News – IBM’s quarterly results eyed during packed earnings week

Posted on July 17, 2018 at 1:31 pm GMT

IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group.    The multinational tech company is anticipated to have made $3.04 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

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Technical Analysis – Goldman Sachs surges above descending trend line; seems ready for bullish correction

Posted on July 17, 2018 at 12:38 pm GMT

Goldman Sachs stock price turned bullish as it penetrated the descending trend line to the upside and hit the 50-day simple moving average (SMA), which is acting as a strong resistance level for the bulls. The latest price movement shifts the bearish picture to bullish and the short-term technical indicators are confirming the scenario for upside pressure. From the technical point of view, the RSI is currently increasing positive momentum above its neutral threshold of 50, while the stochastic oscillator indicates that [..]

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Stock Market News – Netflix in the spotlight ahead of quarterly earnings; other big names in line

Posted on July 16, 2018 at 2:56 pm GMT

Netflix’s Q2 2018 earnings report will be hitting the markets after Monday’s US market close. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group.    The provider of subscription-based streaming services is forecast to have made $0.79 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Earnings estimates have fallen from [..]

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Technical Analysis – Bank of America stock stands within a bearish correction; “death cross” is expected

Posted on July 16, 2018 at 1:34 pm GMT

Bank of America stock price has been holding within a bearish correction mode as it found a strong resistance obstacle on the 33.00 handle in mid-March. A “death cross” is in progress as the 50-day simple moving average (SMA) falls below the 200-day SMA to indicate that lower prices lie ahead. From the technical point of view, the RSI and the stochastics have both weakened, with the former dropping below its neutral threshold of 50 and the latter easing below the overbought territory after the [..]

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Stock Market News – JPMorgan and Citigroup among first to release Q2 results, may give an indication of what is to follow

Posted on July 12, 2018 at 3:46 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S), JPMorgan’s quarterly earnings per share (EPS) are anticipated to stand at $2.21, with a downward revision [..]

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Stock Market News – Wells Fargo eyed ahead of quarterly earnings release

Posted on July 12, 2018 at 10:21 am GMT

Banking giant Wells Fargo’s Q2 2018 earnings report will be made public before Friday’s US market open. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the Banks peer group.  The bank’s earnings per share (EPS) are anticipated to come in at $1.12 during the second quarter, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations reflect a downward revision from [..]

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Stock Market News – Delta Air Lines attracts attention ahead of earnings; trade tensions may overshadow corporate releases

Posted on July 11, 2018 at 1:39 pm GMT

Delta Air Lines will be releasing its earnings report for Q2 2018 before Thursday’s US market open. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Airlines peer group.  The firm’s earnings per share (EPS) are projected to come in at $1.72 during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current forecasts reflect a downward [..]

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Technical Analysis – Microsoft stock climbs above SMAs; suggest further gains

Posted on July 10, 2018 at 1:16 pm GMT

Microsoft stock prices have been making higher highs and higher lows since the end of September 2017 when it touched the 73.00 psychological level in the medium-term. The technical indicators, continue to send bullish signals, suggesting that the strength in the market is not over yet. Technically, in the daily timeframe, the price has successfully surpassed the 20- and 40-simple moving averages (SMAs) last week increasing the chances for a new high in the near-term. The RSI indicator is rising in the positive [..]

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Stock Market News – PepsiCo quarterly results in focus as earnings season kicks off

Posted on July 9, 2018 at 3:07 pm GMT

Beverage company PepsiCo will be releasing its Q2 earnings report before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, with the average consensus recommendation for Non-Alcoholic Beverages, its peer group, being a “hold”. The firm’s release constitutes one of the first of the upcoming earnings season, with big banks being in line to release their respective results on Friday. According to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – [..]