Stock Market News


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 [..]


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

Posted on October 31, 2018 at 1:40 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 [..]


Technical Analysis – Amazon stock posts limited losses in strong bullish view

Posted on September 17, 2018 at 1:36 pm GMT

Amazon’s stock price recorded a stunning rally over the last year without a significant bearish correction. The price continues the bullish tendency as it is still trading above the ascending trend line and the moving averages in the daily timeframe. However, looking at the momentum indicators, the RSI is moving lower in the positive territory, while the MACD oscillator slipped below the red trigger line, both signaling that upside speed is losing some steam. In the case of more bullish moves, the market could meet resistance at [..]


Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?

Posted on September 12, 2018 at 2:39 pm GMT

Apple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]


Technical Analysis – Apple stock continues climbing higher in long-term view

Posted on September 12, 2018 at 1:15 pm GMT

Apple stock advanced considerably on Tuesday after six consecutive bearish days, maintaining its positive outlook. In the short-term, the price has been developing within an upward pattern since April 27 with the technical indicators confirming the recent bullish structure. The RSI has turned positive after the drop below the overbought zone but remains in the positive zone, while the stochastic oscillator is also pointing up. On the upside, the price could attempt to overcome the all-time high of 229.10 resistance level, achieved on [..]


Technical Analysis – Google stock retreats sharply in near term; bullish outlook in long term

Posted on September 6, 2018 at 12:24 pm GMT

Google stock price has reversed to the downside, completing the fourth negative daily session in a row. The price slipped below the 50-day simple moving average (SMA) indicating that the bears could take the charge. Regarding to the technical indicators, the sharp downside movement has driven them lower. The RSI indicator has dropped below the 50 zone, while the MACD oscillator is struggling near the zero line in the daily timeframe. Currently, the price stands slightly above the 23.6% Fibonacci retracement level of the upleg from 900 to [..]


Stock Market News – Facebook, Twitter and Google Senate hearing on Russian meddling: a risk-event for tech stocks?

Posted on September 4, 2018 at 2:20 pm GMT

Executives from social media platforms Facebook and Twitter, as well as Google’s top lawyer will be testifying before Congress on Wednesday on Russian meddling in the 2016 US presidential election. Tech-heavy benchmarks tracking all-time highs recently may mean that worries for increased regulation within the tech space have taken the back seat. Still, such fears may come to the fore during tomorrow’s hearing, acting as a drag on stocks within the sector. Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey [..]


Technical Analysis – Facebook stock remains under pressure after negative gap

Posted on August 22, 2018 at 1:42 pm GMT

Facebook stock price stuck at more than three-month lows following the negative gap and the pullback on the all-time high of 218.44 on July 26. The price plunged below the 50- and 200-day simple moving averages (SMAs), indicating further bearish correction. Moreover, the RSI indicator continues to move with weak momentum below its neutral threshold of 50 and the MACD oscillator is set to drop back below its red signal line in negative terittory, both supporting that bearish momentum could stay in [..]


Stock Market News – Walmart releases quarterly earnings as it attempts to challenge Amazon’s e-dominance

Posted on August 14, 2018 at 12:42 pm GMT

Walmart’s earnings report for its fiscal second quarter will be hitting the markets before Thursday’s US market open. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation for the Food Retail & Distribution peer group. The retail giant’s earnings per share (EPS) for the quarter ending in July are anticipated to stand at $1.22, according to Thomson Reuters consensus estimates; a figure which has remained unchanged over the past four weeks. If the firm’s bottom line matches [..]


Stock Market News – Disney eyed ahead of earnings report; stock’s all-time high within reach

Posted on August 7, 2018 at 2:05 pm GMT

Disney’s earnings report for its fiscal third quarter will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Broadcasting peer group. The media and entertainment conglomerate’s quarterly earnings per share (EPS) are anticipated to come in at $1.95, according to Thomson Reuters consensus estimates. Current projections are the result of a downward revision from $1.97 from four weeks ago, while if [..]

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