Intel

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Technical Analysis – Intel stock retreats after hitting 50-day SMA

Posted on June 28, 2019 at 11:47 am GMT

Intel’s stock is moving lower after finding significant resistance at the 50-day simple moving average (SMA). However, price action since late May consists of higher lows, the short-term picture seems to have shifted to cautiously positive. Thursday’s downward tendency is supported by short-term momentum oscillators as well, with the RSI being in positive territory and pointing down, while the MACD holds above its red trigger and zero lines with weak momentum. If the bears stay in control, immediate support to declines [..]

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Technical Analysis – Intel stock turns cautiously positive in short-term

Posted on February 15, 2019 at 1:01 pm GMT

Intel’s stock has been grinding higher in recent weeks and is now trading back above its 200-day simple moving average (SMA). Combined with the fact that price action since late October consists of higher lows, the short-term picture seems to have shifted to cautiously positive, from neutral previously. The notion is supported by short-term momentum oscillators as well, with the RSI being in positive territory and pointing up, and the MACD rising above its red trigger line. If the bulls [..]

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European Open Preview – Euro crumbles after ECB; Brexit hopes lift pound

Posted on January 25, 2019 at 9:03 am GMT

Euro closes lower on soft PMIs and ‘vigilant’ Draghi Stocks struggle amid conflicting trade signals Sterling advances on fresh Brexit reports Euro caves in after PMIs sink, Draghi ‘keeps his options open’ Euro/dollar had a particularly turbulent session on Thursday, before ultimately closing lower, caving in under the weight of disappointing PMIs out of the Eurozone and cautious commentary by the ECB. The preliminary manufacturing PMIs out of both Germany and France signaled contraction, revitalizing euro-area growth concerns, while a [..]

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European Open Preview – ECB meets, all eyes on Draghi; pound soars

Posted on January 24, 2019 at 8:36 am GMT

ECB decision and Eurozone PMIs will chart euro’s course today Pound soars to 11-week highs versus dollar as no-deal Brexit risk fades Aussie tumbles on mounting speculation for RBA rate cut Stocks inch higher on strong earnings, dollar rebound stalls ECB meeting & Eurozone PMIs could make-or-break euro/dollar today It will be a crucial session for European assets and the euro itself today. The European Central Bank (ECB) will announce its policy decision at 1245 GMT, which will be followed [..]

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Stock Market News – Intel’s earnings: upside surprise on the cards?

Posted on January 23, 2019 at 12:01 pm GMT

Intel will report its earnings for the latest quarter on Thursday, after the US market close. Given that demand has been rising so fast the company has been unable to meet all of it, risks seem tilted towards a beat in earnings and revenues, as opposed to a disappointment. That said, besides the earnings figures, the guidance by management for 2019 will also be critical for the stock’s reaction, and perhaps even for broader market sentiment. The California-based semiconductor giant [..]

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Technical Analysis – Intel stock stabilizes after sharp drop; neutral in short-run

Posted on December 14, 2018 at 12:49 pm GMT

Intel’s stock fell sharply after touching an 18-year high of 57.57 in early June, before finding support around 42.30, a low last seen in February, and subsequently rebounding somewhat. However, given that the stock recently posted a higher high of 50.50, and price action is taking place above the 50-day simple moving average (SMA), the near-term outlook seems neutral. Momentum oscillators concur. The RSI is pointing up but is only marginally above its neutral 50 zone. Meanwhile, the MACD is [..]

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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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Stock Market News – Boeing & Caterpillar earnings coming up: trade conflict to weigh on their outlook?

Posted on October 22, 2018 at 3:05 pm GMT

Boeing’s earnings report for Q3 2018 is due before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Aerospace & Defense peer group. The plane maker’s outlook may well depend on how it performs in China, with the ongoing Sino-US trade dispute acting as a potential drag on Boeing’s prospects.   According to Reuters’ estimates, the aircraft manufacturer is anticipated to have made $3.49 in [..]

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European Open Preview – Euro bounces on Italian news; sterling eyes PM May’s speech

Posted on October 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower by 0.20% on Wednesday. This is owed mainly to a recovery in the currency with the heaviest weight in this index, the euro, which bounced overnight following news that Italy is willing to compromise on its budget deficits from 2020 onwards. Elsewhere, the pound grinded lower during the Conservative Party Conference, with all [..]

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Stock Market News – Apple releases quarterly results as it flirts with $1 trillion valuation

Posted on July 30, 2018 at 3:08 pm GMT

Apple’s earnings report for its fiscal third quarter is due after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation of the Phones and Handheld Devices peer group. Thomson Reuters consensus estimates are putting the iPhone maker’s quarterly earnings per share (EPS) at $2.18, this being a projection which has remained unchanged over the last four weeks. Should the expected EPS figure be delivered, it would reflect an increase [..]

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