Microsoft

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Microsoft hovers near all-time highs ahead of earnings – Stock Market News

Posted on July 16, 2019 at 3:23 pm GMT

The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though valuation is becoming a concern. The consensus The Washington-based tech giant is expected to report earnings per share (EPS) of $1.21 when it announces its [..]

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Technical Analysis – Microsoft stock slips in narrow range in near term

Posted on May 29, 2019 at 11:30 am GMT

Microsoft price moved lower over the last few sessions, after it hit a new a multi-month high around 130.64, remaining in a short-term narrow range of 122.94 – 130.64. Looking at the momentum indicators, the RSI is flattening around the 50 level, while the stochastic is trying to turn higher in the daily timeframe. A move to the downside could find support at the lower boundary of the range of 122.94, which stands around the 40-simple moving average (SMA). A [..]

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Technical Analysis – Microsoft stock edges higher but outlook remains neutral to bearish

Posted on February 26, 2019 at 12:51 pm GMT

Microsoft stock price moved lower on Monday, after it hit a new an almost three-month high around 112.13. Looking at the momentum indicators, the RSI is still edging higher, slightly below the overbought zone, while the stochastic is rising and created a bullish crossover within the %K and %D lines in the positive zone above 80, signaling further gains. Also, the price is trading well above the Ichimoku cloud in the daily timeframe. In the event of further positive pressures, [..]

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Stock Market News – Microsoft and Facebook release results; earnings season in full swing

Posted on January 30, 2019 at 10:37 am GMT

Both Microsoft and Facebook will announce their earnings on Wednesday, after Wall Street’s closing bell. These tech behemoths had vastly different years in 2018, with Microsoft shares surging on the back of strong cloud services growth, but Facebook taking a hit amid privacy scandals. That said, the tides may be turning in 2019, as Microsoft is underperforming markets year-to-date while Facebook is outperforming. Guidance by management from both companies will be key. Microsoft The world’s second-largest company by market capitalization [..]

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European Open Preview – Brexit stays in limbo; Fed decision eyed

Posted on January 30, 2019 at 8:50 am GMT

Fed decides; Powell’s remarks on the balance sheet may be crucial Pound slides as Brexit uncertainty seems set to remain elevated US-China trade talks commence; plethora of earnings and data also due FOMC meeting – emphasis on Powell’s balance sheet remarks The main event today will be the Fed policy decision at 1900 GMT, which will be followed by a press conference from Chairman Powell – as will every meeting from now on. No change in policy is expected, and [..]

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Technical Analysis – Microsoft posts steeper declines; neutral in short term

Posted on December 6, 2018 at 10:38 am GMT

Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic is falling and created a bearish crossover within the %K and %D lines in the overbought zone, signaling further losses. In the event of further negative pressures, the market could meet immediate support at the mid-level of the Bollinger Band [..]

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European Open Preview – Dollar sails past 16-month highs; Brexit and Italy cast shadows on sterling and euro

Posted on November 12, 2018 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar soared to fresh 16-month highs against a basket of six major currencies on Monday, building on its gains from Friday, even without any fresh catalyst or news out of the US. Instead, the greenback seems to be taking advantage of softness in the pound and euro, amid Brexit and Italian uncertainties respectively. Elsewhere, the commodity-linked currencies retreated, with the loonie feeling the brunt of the pain as oil prices [..]

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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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European Open Preview – Risk aversion takes a breather; BoC to raise rates

Posted on October 24, 2018 at 8:14 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is nearly flat on Wednesday (+0.05%), consolidating the modest losses it posted yesterday. The defensive yen outperformed amid fragile market sentiment, though it has stabilized somewhat today. In the UK, the pound jumped higher on reports the EU may offer a UK-wide customs arrangement, but pared most of its gains on speculation PM May is likely to face a mutiny soon. In Canada, the loonie ignored a sharp [..]

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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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