Stock Market News and Analysis Live Today: The Ultimate Source

The financial implications of my wife becoming a stay-at-home mom

The cost of balancing child care and career decisions follows parents for the rest of their lives

SRK reacts to Mohanlal dancing to his song; the Malayalam superstar invites King Khan over breakfast: #39;Why not groove to some Zinda Banda?#39;

Malayalam megastar Mohanlal stole the spotlight at a recent award show with his electrifying dance performances, including grooving to #39;Zinda Banda#39; from the film #39;Jawan#39;. SRK took to social media to share the video, dubbing him the #39;OG Zinda Banda.#39;

Spotify Q1 Results: Gross profit crosses 1 billion euros for first time

​Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.

Put Some PEP in Your Income Portfolio With PepsiCo Stock

Discover how consumer staples and Dividend Kings like PepsiCo (NASDAQ: PEP) can add substantial value to your portfolio.

Goldman hasn’t given up on the stock-market rally, but is starting to get nervous

Goldman strategists say brace for more stock volatility this year, as chances of no Fed rate cuts increase.

Bitcoin can restore Swiss neutrality, says activist calling on central bank to invest in cryptocurrency

Crypto activist Yves Bennaïm is seeking 100,000 signatures to trigger a referendum that could amend Switzerland’s constitution and force the country’s central bank to invest in bitcoin

Down massively in 2024 so far, is there worse to come for Tesla stock?

Tesla stock has been been stuck in reverse gear. Will the latest earnings announcement see the share price continue to descend? The post Down massively in 2024 so far, is there worse to come for Tesla stock? appeared first on The Motley Fool UK.

UPS’s stock gives up gains after another revenue miss offset a profit beat

UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.

Key highlights from Philip Morris’ (PM) Q1 2024 earnings results

Philip Morris International Inc. (NYSE: PM) reported first quarter 2024 earnings results today. Net revenues increased 9.7% year-over-year to $8.8 billion. Organic revenue growth was 11%. Net earnings attributable to […] The post Key highlights from Philip Morris’ (PM) Q1 2024 earnings results first appeared on AlphaStreet.

Recruitment firm says North America, Northern Europe conditions softer than expected

Shares of recruitment firm Randstad fell as much as 7% as the company said it experienced softer than expected conditions in North America and Northern Europe and that tough conditions continued in April.

HUL Q4 Preview: Revenue to grow 1.3% YoY on modest volume growth, price cuts across categories

While Anand Rathi and Share Khan see minor growth in PAT in the final quarter of FY24, Axis Securities sees a 2.6% drop in the net profit over the corresponding period of the last financial year.

Stock market update: Fertilisers stocks up as market rises

The 30-share BSE Sensex closed up 89.83 points at 73738.45

Stock market update: Nifty Auto index advances 0.47%

The Nifty Auto index closed 0.47 per cent up at 21914.3.

Stock market update: FMCG stocks up as market rises

The 30-share BSE Sensex closed up 89.83 points at 73738.45

Sherwin-William’s Win Over PPG Stock in The Construction Boom

The coming U.S. construction boom could help a set of stocks aiding the wave, Sherwin-Williams is set up to be the winner in this race, so do analysts think

Stock market update: Nifty Bank index advances 0.1%

The Nifty Bank index closed 0.1 per cent up at 47970.45.

These 2 dividend stocks are getting way too cheap

Jon Smith looks at different financial metrics to prove that some dividend stocks are undervalued at the moment and could be worth snapping up. The post These 2 dividend stocks are getting way too cheap appeared first on The Motley Fool UK.

Is the JD Sports share price set to explode?

Christopher Ruane considers why the JD Sports share price has done little over the past five years, even though sales have soared. Will he keep his stake? The post Is the JD Sports share price set to explode? appeared first on The Motley Fool UK.

The Anglo American share price dips on Q1 production update. Time to buy?

The Anglo American share price has fallen hard in the past two years, after a very tough 2023. But I think that could be about to change. The post The Anglo American share price dips on Q1 production update. Time to buy? appeared first on The Motley Fool UK.

£9,000 in savings? Here’s how I’d aim to turn that into a £12,300 annual passive income

This Fool explains how he'd target thousands of pounds in passive income every year by investing in high-quality businesses. The post £9,000 in savings? Here’s how I’d aim to turn that into a £12,300 annual passive income appeared first on The Motley Fool UK.

Stock market update: Nifty Pharma index falls 0.96%

The Nifty Pharma index closed 0.96 per cent down at 18463.75.

Tata Consumer Q4 Results: Net profit falls 19% YoY to Rs 217 crore

Revenue from operations during the reporting period rose 8% year-on-year to Rs 3,927 crore, compared with Rs 3,618 crore in the previous year quarter. The board recommended a final dividend of Rs 7.75 per equity share (775%) for the financial year 2023-24. The dividend will be approved by the members within 30 days of its declaration.

Moneycontrol Pro Panorama | India at big club threshold

In today#39;s edition of Pro Panorama: Rupee#39;s resilience, economy on a strong footing, how to have a balance in energy mix and more

The Taylor Wimpey share price rises on housing market ‘stability’. Time to consider buying?

The 2024 Taylor Wimpey share price hasn't been in great form, so far. But Paul Summers remains cautiously optimistic for the rest of the year and beyond. The post The Taylor Wimpey share price rises on housing market ‘stability’. Time to consider buying? appeared first on The Motley Fool UK.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 31.6 points up at 22368.0

GE Earnings: General Electric Q1 2024 adj. profit jumps on higher revenues

The General Electric Company (NYSE: GE), which became three separate companies after a recent split — GE Aerospace, GE Venova, and GE Healthcare — reported a sharp increase in adjusted […] The post GE Earnings: General Electric Q1 2024 adj. profit jumps on higher revenues first appeared on AlphaStreet.

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Smartlink Holdings, Tejas Networks, Sudarshan Chemical, Cochin Shipyard and Indraprastha Med, hit their fresh 52-week highs during the day.

Stock market update: Power stocks up as market rises

The 30-share BSE Sensex closed up 89.83 points at 73738.45

Redevelopment, land monetization propel NBCC#39;s business growth in FY24

At the World Trade Centre project in Delhi#39;s Nauroji Nagar, NBCC has sold commercial real estate inventory valuing approximately Rs 6,500 crore during FY24.

Sensex, Nifty end marginally higher; RIL limits upside

The 30-share BSE benchmark Sensex edged up 90 points or 0.12% to settle at 73,738 and the broader NSE Nifty rose 32 points or 0.14% to end at 22,368. Bharti Airtel, ITC, Infosys, SBI, Maruti, and Tata Motors were the top contributors to the Sensex.

2 Stocks to Benefit From New Sanctions on Russian Aluminum

The U.S. and U.K. have issued two new sanctions on Russian-origin metals; here are two aluminum stocks that stand to benefit

Look, how India's 10 biggest IPOs & FPOs have fared over years

This smallcap shares zoom 19% as German competitor Heubach files for bankruptcy

On the back of Heubach’s bankruptcy filing, Sudarshan Chemicals stands to gain meaningful market share in the export as well as domestic markets, said analysts.

Hatsun Agro posts Q4 Results: PAT rises over 100% to Rs 52.16 crore

Revenues during the quarter under review grew to Rs 2,046.87 crore as against Rs 1,789.46 crore registered in the same period of last year.

FO Manual| Indices trade positive, Nifty faces stiff resistance at 22,500

Market experts advise booking profit at current levels and looking for stock-specific opportunities as the broader market is still outperforming

JNK India IPO subscribed 49% on Day 1, QIBs take lead

JNK India is looking to raise Rs 649.47 crore through the IPO, a fresh issue of shares worth Rs 300 crore and an offer for sale of 84.21 lakh shares worth Rs 349.47 crore

The FTSE 100 reaches an all-time high! Here are 2 of its best stocks to consider buying

With the FTSE 100 soaring in 2024, this Fool thinks investors should consider buying these two stocks. Here he breaks down why. The post The FTSE 100 reaches an all-time high! Here are 2 of its best stocks to consider buying appeared first on The Motley Fool UK.

Here’s why I see cheap UK shares soaring in the years ahead

UK shares look undervalued and this Fool plans to take advantage of it. Here he details one stock he's keen to top up on. The post Here’s why I see cheap UK shares soaring in the years ahead appeared first on The Motley Fool UK.

Bharti Airtel shares surge 4%, hit 52-week high. Here’s what triggered this stock

​Bharti Airtel shares surged over 4% on Tuesday to hit a fresh 52-week high of Rs 1,351 on the NSE following the telecom operator's network expansion in different districts in India. Strong volumes supported the surge in stock price as over 78 lakh shares were trading on the NSE around 1:15 pm.

Weak Charts Keep Getting Weaker

In this edition of StockCharts TV's The Final Bar, Dave examines names making moves in the market like Tesla (TSLA), Verizon (VZ), and Nucor (NUE). Explore the world of equity benchmarks and learn how large caps, mid caps, and small caps can offer unique opportunities based on sector rotation and thematic plays. Don't miss out on the chance to enhance your understanding of market dynamics.This video originally premiered on April 22, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

DP TRADING ROOM: Find Shorts Using the Diamond Dog Scan

Today Erin shared her Diamond Dog Scan that she uses to find shorting opportunities. She was able to uncover five possible shorts. She discusses each chart and let's you know what she looks for in a good short.Carl did the market overview with special attention paid to Silver and Gold as well as Gold Miners. He covered current DecisionPoint signals and walked us through the Magnificent Seven stocks.Semiconductors were a favorite among the symbol requests that Erin analyzed at the end of the program.01:13 DecisionPoint Signal Tables03:44 Market Overview with Carl13:02 Magnificent Seven17:45 Sector Analysis23:12 Diamond Dog Scan35:39 Symbol RequestsWatch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 at checkout!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

It’s Time to Buy Into the Super Micro Computer Stock Implosion

Super Micro Computers sell-off is a knee-jerk reaction to non-news that has the market set up for a rapid rebound provided a good earnings report.

Earnings Summary: Comerica (CMA) reports a decline in Q1 2024 profit

Comerica Incorporated (NYSE: CMA) reported a decrease in net interest income and adjusted earnings for the first quarter of 2024. Comerica reported net interest income of $548 million for the […] The post Earnings Summary: Comerica (CMA) reports a decline in Q1 2024 profit first appeared on AlphaStreet.

Earnings Summary: Zions Bancorporation reports Q1 2024 financial results

Financial services company Zions Bancorporation NA (NASDAQ: ZION) announced results for the first quarter of 2024. First-quarter net interest income was $586 million, down 14% from the comparable period of 2023 […] The post Earnings Summary: Zions Bancorporation reports Q1 2024 financial results first appeared on AlphaStreet.

3 Cheap Stocks That Shouldn’t Be So

Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.

CarMax: Is There a Silver Lining to the Earnings Car Wreck?

CarMax Inc. (NYSE: CMX) is a nationwide used car dealership focused on providing a haggle-free, streamlined and convenient vehicle buying and selling

High-Yielding Verizon’s Stock Price Reversal is Imminent

Verizon is a high-yielding value that may not be a value much longer. The Q1 results align with slow, steady growth and capital returns.

Disney Stock Analysis, Insights and Outlook

Get an in-depth 2024 analysis of Disney stock. Understand key financial metrics, industry trends and future forecasts to navigate your investment in Disney.

Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights

Verizon Communications Inc. (NYSE: VZ) reported first quarter 2024 earnings results today. Total operating revenue was $33 billion, up 0.2% from the same period last year. Net income attributable to […] The post Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

Intuitive Surgical Leads the Robotic Surgery Movement

Intuitive Surgical is the pioneer in robotic-assisted surgery, investors hope the fifth generation of its da Vinci system can push ISRG stock higher

S&P 500 Approaches 100-Day Moving Average: Is Now an Attractive Time to Buy Stocks?

What a difference a week makes.Last week, the stock market changed its tune from up, up, up,... to up, down, up, down. That made it feel like investors were uncertain, yet the CBOE Volatility Index ($VIX) wasn't high enough to confirm the fear. This week, the market's singing another tune emphasizing the word "down." This week, the selling pressure was more dominant, especially in the Tech sector. Does this mean the bear is coming out of hibernation?The Macro EnvironmentWe heard comments from two Federal Reserve Presidents, John Williams and Austan Goolsbee, who left open the possibility of a rate hike. Fed Chair Jerome Powell suggested interest rates could remain higher for longer. Next week, we'll get the March PCE data, and, in light of the Fed comments, it could be higher than estimates.We'll also get the Q1 GDP, which will probably reveal the continued strength of the US economy. If the economy continues to be resilient, we may not see a rate cut this year. As of now, the stock market has priced in at least one rate cut in 2024, which is different than the four that were expected earlier in the year.In a "higher for longer" interest rate environment, two events that could have intensified the selling pressure at the end of the week are:Escalating geopolitical tensions in the Middle East, which, for the time being, have tapered.Options expiration day, which means heavy trading volume.Nobody wants to open new positions on a Friday, especially after a volatile trading week. Anything could happen over the weekend, and traders would rather be patient and wait to see if the stock market has further to fall before jumping in.The Broader MarketYou've heard the adage, "Markets take the stairs up and the elevator down." You can see this play out in the charts of the broader indexes.The S&P 500The S&P 500 ($SPX) closed below 5,000, a significant psychological level. On the daily chart, the index broke below its 50-day simple moving average (SMA) and is now approaching its 100-day SMA. The last six days have been an elevator ride down and, the way the chart looks, there could be more selling next week.FIGURE 1. DAILY CHART OF THE S&P 500. Since the S&P 500 fell below its 50-day SMA, it's taken the elevator down. The index is now approaching its 100-day SMA, which could be its next support level. Will it fall below the support?Chart source: StockCharts.com. For educational purposes.On the weekly chart, the S&P 500 is above its 50-week SMA, but has three consecutive down weeks, which doesn't paint a pretty picture. Right now, it looks as if the index has further to fall.The Dow Jones Industrial AverageAfter its most recent selloff, the Dow Jones Industrial Average ($INDU) is trading around a support level (December 2023 high). The daily chart below shows that even though the index closed higher on Friday, it hit resistance from its 100-day SMA.FIGURE 2. DAILY CHART OF DOW JONES INDUSTRIAL AVERAGE ($INDU). After its elevator ride down, $INDU appears to have hit a support level and trying to reverse, which is a positive sign.Chart source: StockCharts.com. For educational purposes.The Nasdaq CompositeThe Technology sector was hit hard this week. NVIDIA (NVDA) fell over 9% on Friday; Tesla (TSLA) shares continued to fall, hitting a new 52-week low; and Advanced Micro Devices (AMD) fell over 5%.Super Micro Computers (SMCI), which has been in the top 5 StockCharts Technical Rank (SCTR) for months, fell over 23%. The selloff was caused by the company's decision not to preannounce its earnings results as it has in the past.Looks like investors were taking their Tech stock profits. As a result of the big Tech selloff, the Nasdaq Composite is trading below its 100-day SMA (see chart below).FIGURE 3. DAILY CHART OF NASDAQ COMPOSITE. After falling below its 100-day SMA, the Nasdaq Composite could slide to its 200-day SMA. The small wick at the bottom is slightly encouraging, but next week is another week.Chart source: StockCharts.com. For educational purposes.Whenever there's a massive selloff, as was the case this week, investors question whether the market has hit a bottom and if it's an ideal time to open long positions. There was a little bit of that on Friday, but every time the market rallied, it met pressure from sellers and the rally fizzled. When technicals still point lower, you may want to adopt a "wait and see" approach before entering long positions.Nobody knows what will happen next week, but tech companies will start reporting earnings, and that could lift the stock market.Some Bright SpotsAfter experiencing a plunge similar to that of the broader indexes, the Financial sector is showing signs of a reversal. The daily chart of the Financial Select Sector SPDR (XLF) below shows a possible reversal, although a series of higher highs and higher lows is needed before an uptrend can be established. XLF would need to break above.FIGURE 4. DAILY CHART OF FINANCIAL SELECT SECTOR SPDR ETF (XLF). Looks like XLF will have to overcome the resistance from its 50-day moving average before its trend reverses.Chart source: StockCharts.com. For educational purposes.Shares of Bank of America (BAC), JP Morgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) all traded higher on Friday. WFC's stock price reached a new all-time high. Precious metals, such as gold and silver, are trading higher. As geopolitical tensions arise, investors turn to these safe-haven investments.It was interesting to see the CBOE Volatility Index ($VIX) hit a high of 21.36, close to the 23 level it hit in October last year. But it pulled back and closed at 18.71. The higher volatility could have been because of options expiration.If you look at the chart of the Nasdaq Composite, you'll see that this coincided with the October selloff in Tech stocks. Will the broader markets follow a similar path, given Tech earnings start next week? We'll have to wait and see.The Bottom LineThis week's stock market action wasn't great, and while it's tempting to find bargains in stocks, it's[…]

Breakdown in Mega-Cap Growth Confirms Bear Phase

While our major equity benchmarks showed incredible strength in Q1 2024, breadth conditions have been deteriorating since mid-March. Despite the weakening breadth readings, and the initial breakdowns of the S&P 500 and Nasdaq 100, leading growth names, including the formerly-described Magnificent 7 stocks, had remained in clearly-defined uptrends.This week, some of the top-performing stocks in the S&P 500 finally broke below their 50-day moving averages. While this signal on its own is not a sign of a market top, these breakdowns represent just one of the many clear signals that the bull market off the October 2023 low may be over.Today, we'll briefly review some of the early breakdowns in the mega-cap growth space, how some of the top-ranked SCTR stocks have shown recent weakness, and why the "Fantastic Four" (current front-runner to replace the "Magnificent 7 moniker) breaking down may represent a key confirmation for a new bear phase.The Early Breakdowns: Apple (AAPL) & Tesla (TSLA)Tesla has been in a confirmed downtrend since July 2023, and Apple has appeared in a weak technical configuration since failing to break above the $200 level in December and January. But both charts have literally and figuratively made a new low this week.Note how both charts have remained below downward-sloping 50-day moving averages since mid-January. Also observe how both have shown failed attempts to break above that moving average in recent months. When stocks are making lower lows and lower highs, and trending below downward-sloping moving averages, I've learned it's best to avoid taking action until some of those conditions start to change. Ready to talk market breadth indicators? Our next free webinar, Breaking Down Breadth, will focus on breadth conditions now vs. previous market tops. Join me on Tuesday, April 23rd at 1pm ET as we review the current market environment through the lens of breadth indicators, compare them to conditions at previous market tops, and discuss the likelihood of further drawdowns for the S&P 500 and Nasdaq. Sign up HERE for this free webcast!As these stocks broke down, diverging from most other leading growth names, the S&P 500 and Nasdaq 100 pushed much higher. So let's see some of the stocks that served as leadership in Q1.The Top-Ranked SCTRs: Super Micro Computer (SMCI) & MicroStrategy (MSTR)Here, we have two names that were less well-known until they experienced exponential gains earlier this year. And while they certainly appeared overextended in March, they have now both come right down to earth.From the end of 2023 to their peaks in March 2024, SMCI and MSTR gained 350% and 175%, respectively. They both were a far distance from moving average support, giving clear signs of overbought conditions. So far in April, both stocks have traded much lower, and they each finished this week below their 50-day moving averages.It's normal for stocks in strong uptrends to pull back and test moving average support. Indeed, the 50-day moving average often serves as a potential entry point for a "buy on the dips" strategy. But when top performers fail to hold this crucial short-term support level, I have found that it often implies a broader move to more risk-off positioning.What about the best of the biggest--in other words, the most magnificent of the Magnificent 7?The Fantastic Four Breakdowns: Netflix (NFLX) & Amazon (AMZN)That brings us to perhaps the most concerning development this week. As I recently posted on my social media accounts, "As long as $AMZN and $NFLX remain above the 50-day moving average, you can make an argument for ‘short-term pullback' as opposed to ‘protracted and painful decline.'" Unfortunately, this week, we finally observed this breakdown of breakdowns.Mega-cap growth stocks wield an outsized influence on our top-heavy growth-dominated equity benchmarks. In recent weeks, bearish momentum divergences, weakening breadth conditions, and breaks of "line in the sand" support levels had us thinking market weakness over market strength. But the resilience of the Fantastic Four stocks gave us just a glimmer of hope that a pullback may be limited.Given this week's breakdown in the charts of previous top performers, we feel this just may be the beginning of the great bear phase of Q2 2024.RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTChief Market StrategistStockCharts.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

How to Chart In Multiple Timeframes Like A PRO

On this week's edition of StockCharts TV's StockCharts in Focus, Grayson shows you how to chart the same symbol in multiple timeframes with ease using ChartStyles and StyleButtons. Learn how to customize multiple charts with the periods and ranges that fit with your system and then set those for one-click access with conveniently located StyleButtons just to the left of your charts. This workflow booster will instantly enhance your analysis and strengthen your perspective for the symbols you're researching.This video originally premiered on April 19, 2024. Click on the above image to watch on our dedicated StockCharts in Focus page on StockCharts TV.See how you can save over 35% OFF with our limited-time 25th Anniversary Sale that just launched on StockCharts. Visit https://StockCharts.com/special to learn more and sign up now!You can view all previously recorded episodes of StockCharts in Focus at this link.

Charts Flashing "No Go" for S&P 500!

In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names including LVS, NFLX, and more.This video originally premiered on April 18, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

NextTrip stands out as one of the most descriptive names in travel sector: CEO

NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including […] The post NextTrip stands out as one of the most descriptive names in travel sector: CEO first appeared on AlphaStreet.

META Stock in Limbo: What You Need to Know Before the Next Big Price Swing

Meta Platforms Inc. (META), the social media giant formerly known as Facebook, has been in tight consolidation at the top of its range for a little over a month. Following a 23% rise in February after its Q4 earnings, trading volume for the stock has declined significantly. Market participants are now looking for any catalyst that could guide the stock's movement.Analyst Price Predictions Show Wide VariationIf you're undecided as to whether you're bullish or bearish on Meta, you're not alone, as the blogosphere will show you a wide range of analyst price predictions for the next 12 months. The highest price target is at $610, average consensus is at $489, and the lowest price targets average around $272.Yet, consensus ratings lean from "Buy" to "Strong Buy."What's New with Meta? It's New AI RolloutThe bullish outlook is driven by its new AI app, Meta AI, which aims to boost user engagement across WhatsApp, Instagram, Facebook, and Messenger by providing advanced AI capabilities such as animations and image generation. Supported by partnerships with Alphabet (GOOGL) and Microsoft (MSFT), Meta AI will likely see ad revenue growth, prompting analysts to raise their stock price targets.A Macro Look at MetaCHART 1. WEEKLY CHART OF META. Hovering at record highs, Meta's uptrend appears to be leaning toward the parabolic side of things, prompting investors to wonder whether such a trajectory is sustainable. The 13-week SMA represents one quarter.Chart source: StockCharts.com. For educational purposes.Having gone the distance to bounce off its 2022 lows, Meta began outperforming the S&P 500 just this year, now besting the broader market by 37%.However, before even matching the broader market. Meta's technicals—as shown by its StockCharts Technical Rank (SCTR) score—have been remarkably strong (with a score above the 90-line) since the end of 2022.The 13-week simple moving average, representing one quarter, appears to be a consistent proxy for support and resistance. You will want to watch that line when looking at Meta using a weekly chart.A Near-Term View of Meta's Price ActionAnalyst consensus may be largely bullish, and the Meta AI rollout is prompting Wall Street to raise price targets upward, with some going as high as $610. However, right now, we're seeing a rectangle pattern and, technically, Meta's price can go either direction, at least in the near term (see chart below).CHART 2. DAILY CHART OF META. The momentum, or lack thereof, says a lot. Investors are probably waiting for the META's next earnings report, scheduled for April 24.Chart source: StockCharts.com. For educational purposes.Mind the Rectangle: If you're looking to take action upon a breakout, set a price alert at $481 near the bottom and $531 near the top of the formation.Mind the Momentum: Fundamental forecasts may be bullish, but the Chaikin Money Flow (CMF) will tell you that selling pressure is currently far greater, though there isn't that much activity, bullish or bearish, taking place right now. And why not?Earnings Coming Up: Meta's last earnings report catapulted the stock to record highs. The next earnings date is on April 24. You'll likely see more activity occurring close to Meta's earnings date. So pay close attention to this.Support Levels: If Meta's earnings are so-so but not bad enough to invalidate its longer-term bullish thesis (AI rollout), or if its price breaks below the current rectangle formation and the 50-day simple moving average (causing it to trade technically toward the downside), then note the wide support range projected via the Ichimoku Cloud. If the bullish fundamental thesis holds out, buyers will likely jump in within the cloud.The Bottom LineMeta's long-term prospects look bullish, much of which is being driven by the optimistic expectations surrounding its AI rollout, Meta AI. Still, it seems poised for a correction, though its chart formation indicates it can go either way. Watch out for any catalysts that could influence the stock's trajectory as the next earnings date approaches. And if Meta does take a dip, keep an eye on that cloud, should the bullish fundamental outlook persist.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Earnings Summary: Highlights of Fifth Third Bancorp’s (FITB) Q1 2024 report

Financial services company Fifth Third Bancorp (NASDAQ: FITB) on Friday reported results for the first quarter of 2024. There is a decline in net interest income and earnings. Net income […] The post Earnings Summary: Highlights of Fifth Third Bancorp’s (FITB) Q1 2024 report first appeared on AlphaStreet.

Rocks over Stocks | GoNoGo Show 041824

The S&P500 trend conditions have reversed into "NoGo" and strengthened to purple bars. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. A strong "Go" trend in the volatility index ($VIX), though still hovering around 20 also correlates to the new risk off characteristics on this environment. This week we again take a closer look at GoNoGo Trend® conditions across a diverse array of the commodities markets including precious and industrial metals ($GOLD, $COPPER), softs ($COCOA, $COFFEE) and energy ($OIL) all trending in "Go" conditions and outperforming US equities ($SPY) on a relative basis. To express this thesis, Alex and Tyler look at a few equities that stand to benefit from these trends including: Freeport McMoran (FCX), Harmony Mining Inc (HMY) and Marathon Oil (MRO).The rotation of market leadership into cyclical sectors held up this week as shown in the GoNoGo Sector RelMap®. Energy ($XLE), industrials ($XLI), and materials ($XLB) maintain their trend of outperformance against the S&P 500 index. Interestingly, Communications ($XLC) and Utilities ($XLU) have also joined the leadership group. Alex and Tyler dig deeper into the industry group level within the materials sector (XLB) to see aluminum, non-ferrous metals, and mining groups leading relative outperformance. On an absolute basis, materials have corrected to neutral amber bars as the GoNoGo Oscillator® rests at zero. Finally, Alex and Tyler review a similar risk-off condition in the cryptocurrency space as Bitcoin ($BTCUSD) reverses to "NoGo" trend conditions and what to watch for next in terms of trend continuation and opportunities to enter on pullbacks.Follow: https://twitter.com/ChartsGonogoConnect: https://www.linkedin.com/company/gonogo-charts-llcLearn More: https://www.gonogocharts.com/Rocks over Stocks | GoNoGo Show April 18, 2024

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher […] The post AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results first appeared on AlphaStreet.

Intraday Trading Entry and Exit Strategies

On this week's edition of Stock Talk with Joe Rabil, Joe details a trade setup in the QQQ that demonstrates how he uses MACD and ADX in multiple timeframes for his trading. He gives detail on the entry and exit for this trade. Joe then covers the stock requests that came through this week, including Ethereum, Meta, Apple and Advanced Micro Devices.This video was originally published on April 18, 2024. Click this link to watch on StockCharts TV.Archived episodes of the show are available at this link. Send symbol requests to This email address is being protected from spambots. You need JavaScript enabled to view it.; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Rules-Based Money Management - Part 1: Popular Indicators and Their Uses

Note to the reader: This is the seventeenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of facts. The world of finance is full of such tendencies, and here, you'll see some examples. Please keep in mind that not all of these examples are totally misleading -- they are sometimes valid -- but have too many holes in them to be worthwhile as investment concepts. And not all are directly related to investing and finance. Enjoy! - GregTo begin Part III: Rules-Based Money Management, we need to review a few basic technical indicators that are referenced frequently. Their concepts are used throughout this part of the book. Remember, Part III is the creating of the weight of the evidence to identify trends in the overall market, a ranking and selection process for finding securities to buy based on their individual and relative momentum, a set of rules and guidelines to provide you with a checklist on how to trade the information, and the results of my rules-based trend following strategy, called Dance with the Trend.Moving Averages and SmoothingMost times, daily stock market data is too volatile to analyze properly. What's needed is a way of removing much of this daily volatility. There is such a method, and that is the subject of this section on smoothing techniques.Smoothing refers to the act of making the time series data smoother to remove oscillations, but keeping the general trend. It is a better adverb to use than always trying to explain that you take a moving average of it or take the exponential average of it; just say you are smoothing it. Some of the advantages of doing this are:Reducing day-to-day fluctuations.Making it easier to identify trends.Making it easier to see changes in trend.Providing initial support and resistance levels.Much better for trend following.One of the simplest market systems created, the moving average, works almost as well as the best of the complicated smoothing techniques. A moving average is exactly the same as a regular average (mean), except that it "moves" because it is continuously updated as new data become available. Each data point in a moving average is given equal weight in the computation; hence, the term arithmetic, or simple, is sometimes used when referring to a moving average.A moving average smooths a sequence of numbers so that the effects of short-term fluctuations are reduced, while those of longer-term fluctuations remain relatively unchanged. Obviously, the time span of the moving average will alter its characteristics.J. M. Hurst, in The Profit Magic of Stock Transaction Timing (1970), explained these alterations with three general rules:A moving average of any given time span exactly reduces the magnitude of the fluctuations of durations equal to that time span to zero.The same moving average also greatly reduces (but does not eliminate) the magnitude of all fluctuations of duration less than the time span of the moving average.All fluctuations that are greater than the time span of the average "come through," or are present in the resulting moving average line. Those with durations just a little greater than the span of the average are greatly reduced in magnitude, but the effect lessens as periodicity duration increases. Very long duration periodicities come through nearly unscathed.Simple or Arithmetic Moving AverageTo take an average of just about any set of numbers or prices, you add up the numbers, then divide by the number of items. For example, if you have 4+6+2, the sum is 12, and the average is 12/3 = 4. A moving average does exactly this, but as a new number is added, the oldest number is removed. In the previous example, let's say that 8 is the new number, so the new sequence would be 6+2+8. The original first number (4) was removed because we are only adding the most recent three numbers. In this case, the new average would be 16/3 = 5.33. So by adding an 8 and removing a 4, we increased the average by 1.33 in this example. For those so inclined, here's the math: 8-4=4, and 4/3 =1.33.Another feature of the simple moving average is that each component is treated equally -- that is, it carries an equal weight in the calculation of the average. This is shown graphically in Figure 12.1. Note that it does not matter how many data points you are averaging; they each carry an equal contribution to the value of the average.Because of the equal weighting of the data components in a simple moving average, the larger the average, the slower it will react to changes in price.Let me share a little story about price charts and moving averages. Back in the 1980s, we had one of the original online services, called Prodigy. At one point, they started to provide some simple stock charts with a single moving average on them. I kept looking at it and knew something was wrong, because I had studied and created these types of charts for years. I finally discovered that they were using separate scales for the price and the price's moving average. Although the values would be correct, the display was not because the average was using its isolated price scale. I wrote (yes, there was no e-mail then) them and explained. The first response was denial that they could be doing it wrong. I mailed them some charts showing their way and the proper way to display moving averages over price by sharing the same vertical scale. It took a long time and many letters before I finally convinced someone that they had it wrong. In appreciation, they sent me a small digital clock worth about $1.25 (battery not included).Exponential Moving AverageThis method of averaging was developed by scientists, such as Pete Haurlan, in an attempt to assist and improve the tracking of missile guidance systems. More weight is given to the most[…]

Important Inflection Point in FXI: Is It Time To Accumulate?

The iShares China Large-Cap exchange-traded fund (FXI) holds the 50 largest large-cap Chinese stocks that trade on the Hong Kong exchange.FXI could soon make a secondary test of its 2022 low. A successful test will show strength, but a failed test will show weakness. Either outcome can produce a meaningful directional move offering multiple trading opportunities. This is the kind of setup or juncture around which I like to build agnostic trading plans. Either way, I will have a trading and risk management plan in place to take advantage of either outcome.In a macro sense, there isn't much going on in China, leading me to optimism. China is a command economy run by a communist regime in the process of retreating from capitalism. Importantly, leadership seems to be increasingly resistant to providing adequate fiscal stimulus. To that list, you can add a rapidly aging population, a world increasingly resistant to buying their goods, a rethinking of global supply lines, and significant raw material and climate challenges. Granted, there are positives. They are becoming a microchip superpower and have made significant technological advances over the last five years. In my view, the negatives outweigh the positives by quite a lot.My macro view informs my aggressiveness and risk tolerance. But if a technical setup provides a clear risk-reward advantage, a conflicted macro view never deters me from making a trade. Technical setups are far more actionable than fundamental beliefs. And it is always good to remember that, the more widely accepted a viewpoint becomes, the more susceptible a market becomes to mean reversion or reversal.Monthly Perspective of FXIThe monthly chart of FXI below shows some significant technical developments.FIGURE 1: MONTHLY CHART OF FXI.Chart Takeaways:FXI is confined within the more extensive 13.43–50.80 range developed since the ETF began trading (four years after China joined the World Trade Organization).In 2021, after slightly up-thrusting the October 2007 high, the market began a vicious decline (-60%). The decline from the February 2021 high occurred on rising volume and a wide price spread (suggesting strong-handed selling). The move was impulsive.In early 2022, FXI fell out of the broad rising channel (A-B, C-D) that had defined the general price action for most of the prior 15 years.The fallout of the channel created strong selling, but a temporary selling climax developed (red arrow) as the market reached the lateral support at 23.05 and opportunistic buying emerged.The minor climax produced a small automatic rally that quickly ran into resistance along the lows of the broken channel. The market then devolved into a four-month show of weakness.The weakness occurred on a wide price spread and growing volume before potentially developing a complex selling climax (SC). Note that while the SC appears complex in this perspective, it appears more traditional in the daily perspective.The automatic rally (AR) lasted four months and found resistance in the same 32–33.00 zone that had turned the market lower in March 2022.After testing the resistance, FXI began setting back toward the selling climax low (19.81). Note that during the most recent decline, the angle of decline was shallower than that of the larger (50.80–19.81) decline and that the volume has been somewhat lighter. The shallower angle and lighter volume suggest less supply entering than on the prior decline.The recent pullback toward the October 2022 low may be developing as a secondary test. The outcome of that test is likely to develop into a significant directional move.The solid volume expansion around the recent low (ST?) suggests strong-handed buying and that the secondary test may be complete, pending a show of strength.Let's turn to momentum.FXI Monthly MomentumFIGURE 2: MOMENTUM IN FXI. The MACD histogram has turned positive. A push to the upper half of the Bollinger Band would be positive for FXI.Chart source: StockChartsACP. For educational purposes.Momentum takeaways:Momentum is diverging significantly from price, and the Moving Average Convergence/Divergence Oscillator (MACD) histogram has turned positive. This oscillator condition and strength from this position in the trend would be highly positive.Price has been confined in the lower portion of the Bollinger Band since July 2021. A push into the upper half of the band would mark a significant change in the market's character. Note that the B-band is narrow. Narrow B-bands often immediately precede trending moves.Weekly Perspective of FXIAfter evaluating the monthly perspective, I will turn to the weekly perspective. I prefer to trade in this (the weekly) perspective.FIGURE 3. WEEKLY CHART OF FXI. If the ETF moves well above the recent downtrend (A-B) and the volume and price spread expands, consider bullish setups.Chart source: StockChartsACP. For educational purposes.Chart takeaways:The price/volume relationships detailed in the monthly perspective are seen more clearly.The false selling climax at A, complex climax at B, automatic rally to 32.36, and low volume decline (note the shallow angle) to point C.The strong volume at point C suggests that strong hands may be accumulating shares around the prior low.As the market has advanced from the 20.86 low, volume and price spread have declined. While supply seems limited, demand is still lacking. The odds of a setback to test 20.86 or perhaps even to provide a fuller test of the 19.81 low are still good.In my opinion, it's premature to conclude that the secondary test is complete. But if the market begins working its way above the downtrend defining the potential test (A–B), particularly if volume and price spread expands, it would likely signal a completed test. This would allow me to begin utilizing bullish setups with confidence.Daily Perspective of FXIFIGURE 4. DAILY CHART OF FXI. Seeing strength above the A to B downtrend would indicate FXI has bottomed. If FXI breaks out above the downtrend channel, consider entering bull flags and other corrective style drift patterns.Chart source: StockChartsACP. For educational purposes.A show of strength above the A–B would suggest that a good bottom was in. If that level is exceeded, entering bull flags and other corrective style drift patterns should provide good entries.Lastly, I evaluate the daily perspective to see if the larger price and volume characteristics still[…]