Stock Market News

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Nasdaq back in correction territory as tech stocks under pressure again – Index News

Posted on November 14, 2018 at 4:27 pm GMT

The Nasdaq 100 index slipped back into correction territory on Monday as fears of slower iPhone sales hurt Apple shares, which in turn weighed on the wider technology sector. The latest sell-off has cut short the Nasdaq’s recovery from October’s 6-month lows and raised questions about the outlook for tech stocks going into 2019. Up until the latest rout to hit the US stock market, the tech-heavy Nasdaq had been outperforming the other major indices on Wall Street by a [..]

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Technical Analysis – Apple stock holds below 50-day SMA; bearish correction mode in short-term

Posted on November 1, 2018 at 2:37 pm GMT

The Apple stock price turned lower after the pullback on the all-time high of 233.50 and has been developing below the 50-day simple moving average (SMA) since the middle of the preceding week, painting a bearish picture in the short-term. The RSI is flattening near the neutral threshold of 50, while the MACD oscillator is ready for a bullish crossover with the trigger line in the negative zone. Further declines could find immediate support at the 23.6% Fibonacci retracement level [..]

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Stock Market News – Apple reports earnings, with markets eyeing impact of US-China trade row

Posted on October 31, 2018 at 1:39 pm GMT

Apple will release its earnings report for its fourth fiscal quarter on Thursday, after the US market close. Besides earnings and revenues, investors will also scrutinize the guidance by management for any updates on the expected sales of the new iPhone line, as well as to what extent the US-China trade conflict is projected to impact the firm’s supply chain and demand for its products in China. The world’s largest company by market capitalization is expected to report earnings per [..]

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Stock Market News – Can Facebook’s earnings rescue its battered stock?

Posted on October 29, 2018 at 10:04 am GMT

Facebook will release its earnings for Q3 2018 after Wall Street’s closing bell on Tuesday. The consensus recommendation for the firm is a “buy”, matching the average recommendation for the Online Services peer group. Earnings aside, investors will also dissect active user growth to determine whether recent privacy issues are manifesting into reduced user engagement, and listen closely to management guidance for updates on the security and regulatory fronts. The California-based social media behemoth is anticipated to report earnings per [..]

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Technical Analysis – US 500 index steadies after strong tumble below uptrend line; records 6-month low

Posted on October 25, 2018 at 1:01 pm GMT

The US 500 index has come under renewed selling pressure falling back below its 200-day simple moving average (SMA) and beneath the long-term ascending trend line. Despite today’s rebound, the index has posted a fresh lower low, which makes traders more confident for further declines for now. Moreover, the price dipped below the Fibonacci levels, erasing the scenario for a possible bearish correction rally and confirming the negative outlook. Looking at momentum oscillators in the daily chart though, they suggest further declines [..]

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Stock Market News – Can Amazon’s earnings lift the mood in equity markets?

Posted on October 24, 2018 at 3:05 pm GMT

Amazon’s earnings data for Q3 will hit the markets after Wall Street’s closing bell on Thursday, with the e-commerce colossus expected to deliver another blockbuster quarterly report. Beyond earnings, investors will scrutinize the firm’s forward guidance and expectations for operating margins, in light of rising wage costs and the prospect of higher shipping expenses. The Seattle-based online retailer is anticipated to have made $3.12 in earnings per share (EPS) during the third quarter, according to Thomson Reuters’ consensus estimates. If [..]

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Stock Market News – Google parent Alphabet releases earnings amid fragile market sentiment

Posted on October 24, 2018 at 1:39 pm GMT

Tech heavyweight and Google parent Alphabet is due to release its quarterly earnings report for Q3 2018 on Thursday, after US markets close. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for the Online Services peer group. The California-based technology titan is projected to report earnings per share (EPS) of $10.42 for the third quarter, according to estimates submitted by 34 analysts to Thomson Reuters. These projections range from $9.20 for the most [..]

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Technical Analysis – Microsoft stock attempts to head higher again; bounces off uptrend line

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

Microsoft stock price moved higher on Tuesday after finding support near the 23.6% Fibonacci retracement level of the upleg from 71.30 to 116.16, around 105.57. Also, the price rebounded on the long-term ascending trend line, however, the technical picture supports a neutral to bullish bias in the daily timeframe. Looking at the momentum indicators, the RSI is flattening, slightly lower its neutral threshold of 50, while the stochastic is rising and is ready to create a bullish crossover within the %K and [..]

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Stock Market News – Microsoft earnings on tap: upbeat report could see stock challenge record high

Posted on October 23, 2018 at 2:38 pm GMT

Microsoft’s earnings report for its fiscal first quarter will be made public after Wednesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation for the Software peer group.  Reuters’ estimates put the tech giant’s earnings per share (EPS) at $0.96 during the quarter ending in September, a forecast which has remained unchanged over the last four weeks. If bottom line results come as expected, this would translate into an increase [..]

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Technical Analysis – Amazon finds strong obstacle around the ascending line

Posted on October 23, 2018 at 2:04 pm GMT

Amazon’s stock price has been moving sideways since the soft rebound on the 1685 support level, which overlaps with the medium-term rising trend line. The price has been also fluctuating around 1787, the 23.6% Fibonacci retracement level of the upleg from 929 to 2050. However, looking at the momentum indicators, the RSI is moving lower in the negative territory, while the MACD oscillator is flattening under zero and below its red trigger line, supporting that negative momentum might stay in place in the near term. A move [..]

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