Stock Market News and Analysis Live Today: The Ultimate Source

Zillow forecasts slower second quarter, amid caution among first-time buyers and agents

Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.

Cantor’s Howard Lutnick says Fed will ‘show off’ with one rate cut in September

A third of maturing commercial real-estate loans are ‘totally underwater,’ Lutnick says

Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%

Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.

Bitcoin is falling — but could still score new all-time highs this year. Here’s why.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Informatica logs earnings beat, following acquisition flirtation with Salesforce

Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.

£7,000 in savings? Here’s what I’d do to turn that into a £1,160 monthly passive income

With some careful consideration, it's possible to make an excellent passive income for life with UK shares. This is how I'd try to build wealth for retirement. The post £7,000 in savings? Here’s what I’d do to turn that into a £1,160 monthly passive income appeared first on The Motley Fool UK.

QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view

Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts’ estimates. At $9.39 billion, March-quarter […] The post QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view first appeared on AlphaStreet.

Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report

Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased […] The post Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report first appeared on AlphaStreet.

If I’d invested £1k in Amazon stock when it went public, here’s what I’d have today

Amazon stock has been one of the biggest winners over the last couple of decades. Muhammad Cheema takes a look at whether this run can continue. The post If I’d invested £1k in Amazon stock when it went public, here’s what I’d have today appeared first on The Motley Fool UK.

If I’d put £5,000 in Nvidia stock 5 years ago, here’s what I’d have now

Nvidia stock has been a great success story in the past few years. This Fool breaks down how much he'd have if he had invested five years ago. The post If I’d put £5,000 in Nvidia stock 5 years ago, here’s what I’d have now appeared first on The Motley Fool UK.

Mastercard Q1 Results: Profit beats St expectations as consumer spending defies inflation worries

Mastercard's Q1 profit exceeded expectations with solid results driven by consumer spending. Asia Pacific travel trends and cross-border spending were impacted by timing differences.

Earnings Summary: Automatic Data Processing reports higher Q3 revenue and earnings

Automatic Data Processing, Inc. (NASDAQ: ADP), a leading technology company providing human capital management solutions, Wednesday reported an increase in revenues and adjusted earnings for the third quarter of 2024 […] The post Earnings Summary: Automatic Data Processing reports higher Q3 revenue and earnings first appeared on AlphaStreet.

Ambuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization

Ambuja Cements’ consolidated net profit for the March quarter nearly doubled on year to Rs 1,526 crore aided by a robust volume growth and cost reduction.

KHC Earnings: A snapshot of Kraft Heinz’s Q1 2024 financial results

The Kraft Heinz Company (NASDAQ: KHC), a leading producer of food and beverages, Wednesday announced first-quarter results, reporting a decline in sales and a modest increase in adjusted profit. Net income […] The post KHC Earnings: A snapshot of Kraft Heinz’s Q1 2024 financial results first appeared on AlphaStreet.

Adani Power Q4 Results: Net profit slides 48% YoY to Rs 2,737 crore on increased expenses

Adani Power Q4 Results: Its net profit was Rs 5,242.48 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing.

Starbucks shares plunges 15%, hit two-year low as China, US demand clouds outlook

Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.

Pfizer Q1 Results: Co lifts profit view on cost cuts, smaller drop in Paxlovid

Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting efforts and stronger-than-expected sales of its COVID antiviral treatment.

Garmin's Q1 Results: Company beats St estimates on strong demand for fitness, auto products

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.

Orient Cement Q4 Results: Net profit rises marginally to Rs 68 crore

CK Birla group firm Orient Cement Ltd on Wednesday reported an increase of 1.21 per cent in net profit to Rs 68.19 crore for the March quarter. The company reported a net profit of Rs 67.37 crore for the January-March period a year ago, Orient Cement Ltd (OCL) said in a regulator filing.

CVS Health Q1 adj. earnings drop despite revenue growth; guides FY24

Healthcare conglomerate CVS Health Corporation (NYSE: CVS) announced first-quarter 2024 results, reporting higher revenues and a decrease in adjusted earnings. March-quarter adjusted profit decreased 40% year-over-year to $1.31 per share. […] The post CVS Health Q1 adj. earnings drop despite revenue growth; guides FY24 first appeared on AlphaStreet.

Amazon Stands Tall: New Highs Are in Sight

Amazon had a solid quarter with growth in all segments contributing, and guidance improved. Analysts are lifting targets and will lead this stock to new highs.

Chesapeake Energy Stock is The Energy Play, Earnings Confirm

Chesapeake Energy stock may still be a buy before natural gas prices catch up to crude oil. Analysts see up to 230% EPS growth ahead and double-digit upside

With impressive 7% dividend yields, I’d seriously consider these 2 popular British shares to buy in May

Picking the right dividend shares to buy can result in spectacular returns. This Fool is weighing the prospects of these two popular UK stocks. The post With impressive 7% dividend yields, I’d seriously consider these 2 popular British shares to buy in May appeared first on The Motley Fool UK.

MA Earnings: Mastercard Q1 2024 adj. profit rises on higher revenues

Credit card company Mastercard Incorporated (NYSE: MA) reported an increase in revenues and adjusted earnings for the first quarter of 2024. Net revenue increased 10% year-over-year to $6.3 billion in […] The post MA Earnings: Mastercard Q1 2024 adj. profit rises on higher revenues first appeared on AlphaStreet.

YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results

Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314 […] The post YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results first appeared on AlphaStreet.

Technical Breakout Stocks: How to trade Usha Martin, M&M and Trent that hit record highs

The S&P BSE Sensex fell nearly 200 points on Tuesday while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw some selling pressure.

Impinj Proves The Internet-of-Things (IoT) is No Fluke

Internet-of-Things (IoT) technology provider Impinj is riding a strong secular tailwind as the world continues to become more connected and raises guidance.

Humana Leaves Shareholders in Limbo on 2025 EPS Guidance

Health insurer Humana reported Q1 2024 earnings, getting a less dramatic reaction than its Q4 2023 report, causing shares to tumble more than 13%.

IBM Sings the Blues on Mixed Pockets of Strength

IBM reported a Q1 2024 EPS of 8 cents and a revenue increase of 1.5% YOY. But missed estimates and concerns over the HashiCorp aquisition caused shares to drop.

Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May

The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.

After rising 176%, is there still value left in the Rolls-Royce share price for investors?

Rolls-Royce has been one of the stock market's best performers in the last 12 months. But does its share price have more room for growth? The post After rising 176%, is there still value left in the Rolls-Royce share price for investors? appeared first on The Motley Fool UK.

Ambuja Cements Q4 results: Profit up 6% YoY to Rs 532 cr; co approves Rs 2 dividend

Ambuja Cements reported a standalone net profit of 532 crore rupees for the quarter that ended in March 2024, showing a 6% increase compared to the previous year. Revenue from operations in the fourth quarter rose by 12% year-on-year to Rs 4,780 crore. The Board has recommended a dividend of Rs 2 per equity share for the financial year 2023-24, subject to approval of shareholders of the company.

Godrej conglomerate split: How should investors play the listed entities?

Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.

Rs 10,000 monthly SIP in this children-oriented mutual fund scheme turned into Rs 1.90 crore since inception

ICICI Pru Child Care Fund-Gift Plan focuses on funding children's education with high returns. A Rs 10,000 monthly SIP could grow to Rs 1.90 crore, outperforming category returns. It blends equity and debt instruments, with notable exposure in telecom services.

Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings

Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.

Ashish Kacholia's portfolio: These 5 stocks surged over 40% in just 4 months

Stocks Plunge with Key Earnings on Tap

In this edition of StockCharts TV's The Final Bar, Dave welcomes Gina Martin Adams, CMT CFA of Bloomberg Intelligence. David highlights a spike higher in the VIX, and charts names for earnings including AMZN, AMD, SMCI, SBUX, MCD, PYPL, and ETN. Gina shows how rising interest rates continue to put pressure on the relative performance of the technology sector. This video originally premiered on April 30, 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.

AMD Earnings: A snapshot of Advanced Micro Devices’ Q1 2024 results

Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported an increase in revenues and adjusted earnings for the first quarter of 2024. First-quarter earnings, on an adjusted basis, rose to […] The post AMD Earnings: A snapshot of Advanced Micro Devices’ Q1 2024 results first appeared on AlphaStreet.

Walt Disney (DIS) to report Q2 earnings on May 7. Here’s what to expect

The Walt Disney Company (NYSE: DIS) is preparing to publish second-quarter earnings next week, amid expectations for a mixed outcome. The entertainment behemoth has undergone a major transformation under Bob […] The post Walt Disney (DIS) to report Q2 earnings on May 7. Here’s what to expect first appeared on AlphaStreet.

Main takeaways from Coca-Cola’s Q1 2024 earnings report

Shares of the Coca-Cola Company (NYSE: KO) turned red in midday trade on Tuesday. The company delivered better-than-expected earnings results for the first quarter of 2024 and updated its guidance […] The post Main takeaways from Coca-Cola’s Q1 2024 earnings report first appeared on AlphaStreet.

Amazon Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) will be reporting earnings results for the first quarter of 2024 today after the closing bell. Listen to Amazon’s earnings call live and check […] The post Amazon Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

Hilton Demonstrates Asset Light is Right for Investors

Hilton Worldwide Holdings Inc. reported a Q1 2024 EPS beat by 12 cents as revenues rose 12.2% YOY, and its pipeline hit record highs.

Boston Scientific Bucks the Medtech Slow Down and Raises Outlook

Medical device maker Boston Scientific Co. defies Medtech slowdown and delivers a solid Q1 2024 earnings report, and raises 2024 outlook.

Seagate Technology Warns Cloud Demand is Heating Up

Seagate Technology Holdings hasn't significantly benefitted from the artificial intelligence (AI) boom, but from the recovery of cloud computing demand.

CVS Stock is Nearing a 52-Week Low, Better Buy Than Walgreens?

CVS stock is making its way above Walgreens as a potential watchlist addition. Fundamentals and price targets see the stock making a comeback this year.

Analyst Sentiment, Revenue Growth Will Lead AbbVie Stock Higher

After falling nearly 6% based on concerns about Humira sales, AbbVie stock is recovering, and bullish analyst sentiment is likely to push the stock higher

3 Stocks Mega Investors Are Buying

Three stocks became top choices for some of Wall Street's biggest investors. Each carrying their own merit, they all offer double-digit upside

Key Levels for AMZN, AMD, & AAPL Earnings!

In this edition of StockCharts TV's The Final Bar, Dave recaps the S&P 500's late inning rally to test the 50-day moving average from below. What levels could come into play with this week's Fed meeting on Wednesday? He also focuses on key technical levels for stocks reporting earnings this week, including AMZN, AMD, AAPL, PYPL, MA, and DKNG.This video originally premiered on April 29, 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: Intermediate-Term View of the Magnificent 7

Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term.Carl also gave us his take on the market in general. Erin paid special attention to small-caps as part of her symbol request review. Plenty of Semiconductors hit the symbol requests as well.Don't miss your opportunity to join us live! Go to our homepage http://www.decisionpoint.com to sign up now!01:02 Signal Tables03:40 Market Overview07:04 The Dollar, Gold & Crude Oil09:04 Bonds and Treasury Yields12:11 Magnificent 7 Short and Intermediate Terms19:36 Gold Miners24:00 Sector Overview31:22 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

EQUITIES CLIMB OFF LOWS WITH A PUSH FROM AEROSPACE AS "NOGO" PREVAILS

Good morning and welcome to this week's Flight Path. The equity "NoGo" trend continued this week even with some relief rallies as price attempted to move higher from the recent low. We see GoNoGo Trend painting weaker "NoGo" bars as the week ended. Treasury bond prices remained embroiled in a strong "NoGo" trend with the indicator painting purple bars again this week. GoNoGo Trend showed that the "Go" trend was able to survive in the commodity space, although we do see weakness with paler aqua bars. The dollar, also remained in a "Go" trend, but also painted weaker aqua bars.Equities New "NoGo" Shows WeaknessThe new "NoGo" trend that we spotted in equities last week survived this whole week but we did see weakness as GoNoGo Trend painted several weaker pink bars. This comes as price rallied off the lows. We will now watch the oscillator panel as GoNoGo Oscillator runs up agains the zero line from below. We know that if this "NoGo" trend is to remain healthy, the zero level should provide resistance for the oscillator. If it is turned back into negative territory then we would expect another leg down in price and an attempt at a new lower low.The larger weekly chart shows that recent price action has been enough to bring out weakness on the chart. We see a third successive pale aqua "Go" bar as price falls from the recent Go Countertrend Correction Icon (red arrow). GoNoGo Oscillator has fallen fast to the zero line and we will now watch to see if it finds support at that level. If it does, then we will know that the "NoGo" trend on the daily will struggle to survive. A break of the zero line into negative territory here though would allow the correction on the daily to last a little longer.Rates See Continued StrengthMore strong blue "Go" bars this week as price made a new intra week higher high. We look now for price to consolidate at these elevated levels. GoNoGo Oscillator is still in positive territory and no longer overbought. We will watch to see if it approaches the zero line and what happens when it does.  Currently, a bullish picture, as GoNoGo Trend paints strong blue "Go" bars and momentum is confirming the trend with GoNoGo Oscillator in positive territory.

DEFENSE IS ON THE FIELD | GoNoGo Show APRIL 26, 2024

Chart Above (XLU:SPY) highlights trending relative strength of Utilities Sector. Watch Video below for details:The S&P500 trend conditions have continued this week in "NoGo" conditions despite relief rallies. Alex Cole and Tyler Wood, CMT identify intermarket forces including rising rates ($TNX) and a strong US Dollar (UUP) that can provide headwinds to risk assets. This week we again take a closer look at GoNoGo Trend® conditions across sectors that are trending and outperforming. Notably, consumer staples (XLP) and Utilities (XLU) are in "Go" conditions and outperforming US equities ($SPY) on a relative basis. These are characteristically "defensive" sectors of the market and become attractive to investors during periods of weakness across the broad indices.Alex and Tyler dig deeper into the industry group level within the utilities sector (XLU) to see electricity providers leading relative outperformance. We pull up NextEra Energy (NEE) and Edison (EIX) to showcase these opportunities within the leading industry group of an outperforming sector.On an educational note, we show an example of bearish divergence and discuss how to interpret such concepts as a sign of trend weakness or exhaustion, not as a trade signal to exit long positions. Using Boston Scientific (BSX) as an example, we can see that Price is our most important indicator for trade decisions, and while momentum waned, the bearish divergence appeared, and we even saw brief negative momentum, that weakness proceeded a gap higher for price action.

onsemi: The Rebound is ON for This Chip Stock

onsemi had a tepid quarter and is guiding for weakness in Q2, but results are better than expected, and growth is expected to resume at the end of the year.

Stagflation Is Real, Mastercard Stock Now a Sudden Must Have

Mastercard remains the top credit card issuer in terms of growth and potential upside for its shareholders, today's economy makes it a must-have stock

Western Digital Slips Despite EPS Beat and Raise - Buy Time?

Data storage solutions device maker Western Digital is benefitting from the secular tailwinds of artificial intelligence (AI) adoption - time to buy?

3 Stocks With Unusual Call Option Buying Activity

Kinder Morgan, Shell and Caterpillar reported unusual call option buying activity, potentially pointing to a new bull run ahead in each.

S&P 500 Makes a New All-Time High By End of June?

We've been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocks breaking through their 50-day moving averages, to even the dramatic increase in volatility often associated with major market tops. While Q1 was marked by broad market strength and plenty of new 52-week highs, Q2 has so far provided a much different playbook for investors. Both bulls and bears have felt validated by the recent choppiness for the major market averages.Over the last week, the S&P 500 managed to gain about 2.7%, despite some hotter-than-expected inflation data and a mixed bag of earnings for the Magnificent 7 stocks. Does this set us up for much further gains, and a potential break to new all-time highs, as we continue through the second quarter? Or are we currently experiencing the "dead cat bounce" phase with a countertrend move to the upside before the great bear market continues?Psst! Check out the January 2024 edition of this exercise, and guess which scenario actually played out!Today, we'll lay out four potential outcomes for the S&P 500 index. As I share each of these four future paths, I'll describe the market conditions that would likely be involved, and I'll also share my estimated probability for each scenario. And remember, the point of this exercise is threefold:Consider all four potential future paths for the index, think about what would cause each scenario to unfold in terms of the macro drivers, and review what signals/patterns/indicators would confirm the scenario.Decide which scenario you feel is most likely, and why you think that's the case. Don't forget to drop me a comment and let me know your vote!Think about how each of the four scenarios would impact your current portfolio. How would you manage risk in each case? How and when would you take action to adapt to this new reality?Let's start with the most optimistic scenario, involving a move to new all-time highs over the next six to eight weeks.Option 1: The Very Bullish ScenarioIf you think the April pullback was just another buyable dip within a primary bullish trend, then the Very Bullish Scenario is for you. This scenario would be made possible only if the Magnificent 7 stocks returned to their former magnificent ways, with stocks like AMZN and NVDA following GOOGL in making new all-time highs.We'd need to see economic indicators, especially inflation readings, come in much weaker, which would give the Fed confidence to begin cutting rates at the June Fed meeting. By the end of June, we'd be talking about the S&P 500 breaking above 5500, and even 6000 could be on the table.Dave's Vote: 10%Option 2: The Mildly Bullish ScenarioWhat if the S&P manages to hold the April low around 4950, but is unable to push to new all-time highs? Scenario 2 could mean that value-oriented sectors like industrials and materials experience a resurgence, outpacing the growth leadership stocks from Q1. But since these sectors are much lower weight in the S&P 500, it's just not enough market cap to move the needle on the major benchmarks.Perhaps the rest of earnings season yields mixed results, and by the end of Q2 we are left with more questions than answers as the Fed is unable to commit to aggressive rate cuts. Interest rates remain elevated, which creates a major headwind for growth stocks.Dave's vote: 30%Option 3: The Mildly Bearish ScenarioNow we get to two scenarios that would mean a more bearish picture emerges in the coming weeks. Scenario 3 would mean the S&P 500 is unable to hold the April low around 4950, but we remain above a 38.2% retracement level around 4820. The Fed either delays its first rate cut or uses language that exudes little confidence in multiple additional rate cuts in 2024.The Magnificent 7 stocks would be choppy at best, and as they stall out attempting to return to new all-time highs, investors see that as a signal of limited upside. Gold and gold stocks become the trade of the day, as investors are looking for anything other than stocks to try and generate positive returns.Dave's vote: 45%Option 4: The Super Bearish ScenarioYou always have to include a doomsday scenario, and our final option would mean the April selloff was indeed just the beginning. May and June are marked with lower lows and lower highs, and Q2 feels very similar to September and October of 2023. The S&P 500 breaks through Fibonacci support around 4820, and even pushes below the 200-day moving average for the first time since the October 2023 low.What could cause this last scenario? Economic data could come in way higher than expected, and the Fed could then become unwilling to cut rates while the economy shows signs of renewed strength. The market braces for "higher for longer" interest rates, growth-oriented sectors like technology and communication services begin the lead the way lower, and defensive sectors bump higher as investors ignite the "flight for safety" trade.Dave's vote: 15%What probabilities would you assign to each of these four scenarios? Check out the video below, and then drop a comment with which scenario you select and why!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.

MEM TV: Wait For This Before Getting Back In

In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the key drivers for this week's volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it's safe to put new money to work. Several stocks gapped up into base breakouts, and Mary Ellen covers these as well.This video originally premiered April 26, 2024. Click here or on the above image to watch on our dedicated MEM Edge page on StockCharts TV.New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These Important Levels!

A tug-of-war with no clear winner—that's what the stock market seemed to be playing this week. With a Fed meeting, key economic data, and more earnings on top, will a winner emerge next week?It was an interesting week in the stock market. Economic data shows that growth is slowing, while inflation isn't showing signs of slowing down. This possible "stagflation" scenario paves a path towards more uncertainty, especially when it comes to interest rates. And with next week's Fed meeting, investors are becoming even more cautious about making any trading or investing decisions.Looking back at last week, we can see how Tesla (TSLA) bounced higher after it missed earnings. Meta Platforms (META) beat earnings estimates, but its stock price gapped lower on weak Q2 guidance. That was a concern, since META has been enjoying a bullish rally since the end of 2022. It remains to be seen if the gap up in META's stock price on February 2, 2024 will get filled. The stock is trading at its 100-day simple moving average (SMA), which could be a support level the stock bounces from; however, META could also end up breaking below it and sliding further.Investors were concerned by META's weak guidance, as they were looking for Tech earnings to be the catalyst that pushes the market higher. After META took most of the market lower, the next worry was whether the other Tech stocks would follow the same path. Fortunately, that didn't occur. Microsoft (MSFT), Alphabet (GOOGL), and Snap (SNAP) all beat earnings, and their stock prices moved higher, reversing the downtrend.Is this Reversal Sustainable?The positive earnings excited the bulls, but it felt like they hit a wall. There wasn't enough follow-through to push the stock market indexes higher, and the bears didn't seem to be interested in putting up much of a fight. While the S&P 500 ($SPX), Dow Jones Industrial Average ($INDU), and Nasdaq Composite ($COMPQ) traded higher on Friday, the weekly chart shows the S&P 500 and Nasdaq didn't close above last week's high. The Dow did close slightly higher, though.Follow the live chart here.The daily charts are more attractive. Below is the daily chart of the Nasdaq Composite, which shows that, after last Friday's low, the index moved higher, then fell on Thursday before recovering those losses at the close of the trading day. Today (Friday, April 26), the Nasdaq gapped higher and closed above Wednesday's swing high.CHART 1. DAILY CHART OF NASDAQ COMPOSITE. After closing higher than the last swing high, there's hope the Nasdaq could rally higher depending on what unfolds next week. Chart source: StockCharts.com. For educational purposes.The Nasdaq Composite is getting close to its 50-day SMA, which would be a strong resistance level for the index.Follow the live chart here.Moving on to the S&P 500, the index is up against resistance from its 50-day SMA, which coincides with a downward-sloping trendline.CHART 2. DAILY CHART OF S&P 500 INDEX. If the S&P 500 breaks above the downward sloping trending on the top of the channel and its 50-day moving average, there could be upside follow-through. Chart source: StockCharts.com. For educational purposes.Follow the live chart here.The Dow is the most bullish of the three broad indexes. It has seen a clear reversal from a support level (red dashed line), and any bullish news next week will likely move the index higher.CHART 3. DAILY CHART OF THE DOW JONES INDUSTRIAL AVERAGE. A clear bounce from a significant support level could mean the Dow has more buying than selling pressure. Chart source: StockCharts.com.Which Way Will the Stock Market Move?It looks like the bulls are hungry to be the more dominant player. If any news blocks the bulls from taking this market any higher, the bears will be quick to take over. Remember, the market takes the stairs up and the elevator down. The market will probably continue to see some choppiness until Wednesday afternoon, when the Fed makes its interest rate decision. That will probably be what will take the stock market down or up.End-of-Week Wrap-UpS&P 500 closes up 1.02% at 5,099.96, Dow Jones Industrial Average closes up 0.4% at 38,239.66; Nasdaq Composite closes up 2.03% at 15,927.90$VIX down 2.28% at 15.02Best performing sector for the week: TechnologyWorst performing sector for the week: MaterialsTop 5 Large Cap SCTR stocks: Super Micro Computer, Inc. (SMCI); Coinbase Global Inc. (COIN); Vertiv Holdings (VRT); MicroStrategy Inc. (MSTR); Vistra Energy Corp. (VST)On the Radar Next WeekApril ISM Manufacturing PMIFed interest rate decisionFed Chairman Powell's Press ConferenceMarch JOLTS Job Openings reportApril Non Farm Payrolls (Jobs) ReportApril ISM ServicesEarnings season continues with Amazon (AMZN), Advanced Micro Devices (AMD), Eli Lilly (LLY), Barrick Gold (GOLD) and Booking Holdings (BKNG) reporting.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.

10% Downside Risk For Stocks as Value Takes The Lead

Value Taking the Lead from GrowthThe weekly RRG above shows the rotation for Growth vs. Value stocks, with the DJ US index as the benchmark. The recent rotation clearly shows the rotation out of growth into value taking shape and picking up steam. For now, Growth is still positioned on the right-hand side of the RRG, but the $DJUSGR tail is rapidly heading toward the lagging quadrant at a negative RRG-Heading.The daily version of this RRG underscores the preference for Value stocks.The $DJUSVA tail dropped into the weakening quadrant after a rotation through leading since mid-March, and sharply hooked back up after one day inside the lagging quadrant, now returning into the leading quadrant. This supports a further strengthening for the Value tail on the weekly time-frame.$SPX Usually Tracks Growth/Value Ratio WellPlotting the Growth/Value ratio on top of the price chart for $SPX shows that they have tracked each other quite well over time. This is a monthly chart, so we're discussing long-term trends here. The main takeaway here is that the S&P usually does well when the growth/value ratio goes up and less well when the ratio moves lower.With the RRG currently showing a strong preference for Value stocks, caution is warranted, as this might be the precursor for a further decline in the S&P 500 itself.Preference for Value over Growth Appears Across All Size SegmentsWhen we break down the Growth and Value segments into their respective size buckets, we get the RRG above. This shows that value beats growth across all size segments. Large-, mid-, and small-cap Value tails are all inside the improving quadrant and moving at a positive RRG-Heading.The Growth tails are slightly more divided, but all three are on a negative RRG-Heading, with large-cap Growth showing the fastest deterioration. Mid-cap is the most stable, with its short tail just inside the weakening quadrant, while small-cap Growth stocks have rolled over inside the leading quadrant and are starting to head lower on both scales.All in all, this underscores the need for caution regarding price developments for the S&P 500 in the coming weeks.5%-10% Downside Risk within Long-Term UptrendOn the weekly chart, SPY found support at the level of the former rising resistance line at around 494. More important support is found at the level of the January 2022 peak at 480, and, in case that breaks, the area around 460 will provide another solid support area. With the current longer-term trend of higher highs and higher lows still firmly in place, we have to conclude that the uptrend is still in play.At the same time, however, we have to realize that, within that uptrend, a 5-10% decline is perfectly possible.The more detailed daily chart of SPY shows that the decline from the recent peak at 524 back to the low near 495, which is one move lower on the weekly chart, is already showing lower highs and lower lows, which means that rallies now have to be seen as up-ticks within a downtrend until this structure changes again.The green-shaded areas represent the support levels mentioned on the weekly chart. New buying opportunities within the long-term uptrend should start to arise in these ranges.Rotation into Defensive Sectors Confirms Risk-OffFinally, the daily RRG for defensive sectors shows a rapid rotation into Healthcare, Consumer Staples, and Utilities in the last two weeks of trading, which confirms the need for caution in the coming weeks.#StayAlert, --Julius

Rules-Based Money Management - Part 2: Measuring the Market

Note to the reader: This is the eighteenth 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! - GregWeight of the Evidence MeasuresI have been fond of a weight of the evidence approach for more than 30 years.The concept of "weight of the evidence" came from Stan Weinstein, who published the newsletter The Professional Tape Reader and is the author of Secrets for Profiting in Bull and Bear Markets. Back in the early 1980s, most analysis was done manually. We did not have computers, Internet, or e-mail. Our data came from subscriptions or newspapers. I was a religious user of the Barron's Market Laboratory pages. I was working with Norm North of N-Squared Computing then, designing technical analysis software (yes, it was DOS-based and ran on 5.25" floppies). Norm had started a database of about 130 items from the market lab pages and, each Saturday, I would go to the nearby hotel, buy a copy of Barron's, update the database then upload it to CompuServe so our clients could download it—all at the lightning fast speed of 300 baud. I 'm somewhat of a packrat, and have many ring binders full of charts and notes; Figure 13.1 is the weight of the evidence approach I used back then. Wish I could print like that now.I have totally stopped using the sentiment measures because I think the data collection process is not reliable. If you have ever taken a survey, especially an unsolicited survey, you can probably guess where I 'm coming from. However, that does not mean the data isn't worthwhile—just not for me. There is, however, an excellent service provided by Jason Goepfert called SentimenTrader at www.sentimentrader.com. Jason provided an example of a sentiment indicator that can be used in trend analysis.Figure 13.2 is the put/call ratio, which tends to trend along with the market. We see a higher average range during bear markets and a lower average range during bull markets. That has changed a little bit over the past decade, as there has been a structural shift to higher put/call ratios—more hedging from nervous investors who have been whacked with two big bear markets. But you can still see the trend in the ratio from a bull market to the next bear market.I also no longer use any of the NYSE member/specialist data or odd-lot data, as most doesn't seem as valid today as then. Now, the technical trend-following measures that make up the weight of the evidence consist of price, breadth, and relative strength indicators.A Note on OptimizationWhen evaluating indicators to be considered for trend following, you cannot optimize over long-term periods and then just pick the best performing indicator. That is a guarantee of failure, probably quite soon. Optimization is a great process in which to discover areas to avoid, but a poor process to actually determine parameters. If you do try to optimize then please read some good book on the downfalls of doing so. Optimization in the wrong hands is extremely dangerous.One area of value is to plot all of parameter's performance and look for plateaus (box) where the parameter performed steadily over a range of similar values. Picking a spike (circle) is the worst thing you can do, as the parameter surrounding the spike are probably closer to where you will see the actual results. See Figure 13.3.Indicator Evaluation PeriodsIndicators need to be evaluated over cyclical bull and bear markets, secular markets, periods covering calendar-based times, randomly selected periods, and almost any other period selection process you want to try. Remember, the goal is to find parameters that meet the needs of the model you are trying to create. You want indicators whose statistics over various times provide the safety and return that you expect of them. Ideally, you want to test the indicators with a certain portion of your data, get the parameters that work well, and then check it on the remaining portion of your data. This is known as in sample and out of sample testing. If the indicator continues to perform on the previously unused data, then you probably have something.Figure 13.4 shows the Nasdaq Composite Average and the S&P 500 Index. The vertical lines are placed at each low and high that can be used to determine the evaluation periods. You must be careful with this and include the significant peaks and troughs when viewed over the long term. In fact, using a weekly price chart is probably better for this than using a daily price chart.The remainder of this section covers many of the weight of the evidence indicators (measures) that are good for trend following. These can be separated into three broad categories: price, breadth, and relative strength.Price-Based IndicatorsPrice-based means that the indicator is measuring movement in price instruments, whether it be from an index such as the Nasdaq Composite Average, the S&P 500, or from an individual security, such as an ETF, a stock, a mutual fund, and so on. I use the Nasdaq Composite for my price guide because it is a high beta index that contains small caps, mid-caps, large caps, technology, just about everything except financials, and also has some dogs. If you are going to be a trend follower, then you want to follow a price-based index that moves; it doesn't matter if it is up or down, it just needs to do so in a big way, and the Nasdaq Composite fills the bill.Price Short TermThe short version of price is more for shorter-term assessment of trendiness. It is simply[…]

What's Really Driving Tesla's Surprising Stock Surge?

Tesla's (TSLA) first-quarter earnings reported after Tuesday's market close was lackluster, bordering on disastrous. Yet the stock jumped 16% Wednesday morning, ripping open a wide breakaway gap from the previous day's close. What happened? Well, Elon Musk framed the dismal numbers with a compelling narrative that elevated its underperformance into a story about future growth. But does the story have enough fundamental fuel to break above the FOMO?From Sinking Ship to SkyrocketHere's a brief account of what happened on Tuesday: TSLA's revenue in the quarter fell by 9%, its vehicle production and deliveries were also down 2% and 9%, respectively, its operating income and adjusted EPS plunged by 56% and 47%, and its operating cash flow cratered by 90%.These figures alone would have tanked TSLA's stock price. So, what happened? Musk got TSLA prices flying with two sentences that essentially said the company is expediting the building of cheaper EVs based on the current models. Cheaper Tesla EVs mean a surge in demand and, by extension, growth.TSLA Stock: A Macro LookClick here for a live chart. In the weekly chart of TSLA below, the stock has been trading lower since peaking in October 2021 (even considering its attempt at recovery in early 2003). TSLA's stock price is close to its 2023 low.CHART 1. WEEKLY CHART OF TSLA. Despite the recovery attempt in early 2023, the longer-term trend has been down since 2021.Chart source: StockCharts.com. For educational purposes.Currently, TSLA holds one of the worst StockCharts Technical Rank (SCTR) scores at 2.2, a few steps from zero. While the leading EV maker's performance was in sync with its industry ($DJUSAU), it badly underperformed the S&P 500 by more than -45%.Flying High on FOMO?Click here for a live chart.Now, take a look at the near-term price action in the daily chart of TSLA (see below). The stock exhibited a sudden burst of escape velocity to the upside after hitting a 52-week low.CHART 2. DAILY CHART OF TSLA. Breakaway gaps are bullish, TSLA's narrative is also bullish, but the rest of the technicals are iffy.Chart source: StockCharts.com. For educational purposes.Breakaway gaps toward the upside are characterized by a powerful shift driven by intense sentiment. They rarely get filled right away.TSLA's 16% post-earnings gap is a strong bullish gesture, but notice the strong rejection in the current candle. This indicates, if anything, that the volume driving the gap may not be enough to give it a follow-through in the coming sessions (it's a wait-and-see moment). While the Money Flow Index (MFI) and Chaikin Money Flow (CMF) (the latter dipping back below the zero line) show an ever-so-slight divergence which might be interpreted as bullish, any surge from this point on will face a few technical headwinds above.TSLA is trading below its 50-day simple moving average, but if it crosses above it, note the critical resistance areas at the $180 and $205 range.Bullish or Bearish?One day's surge, no matter how impressive, doesn't define a trend. Likewise, a strong twist in the fundamental narrative doesn't mark a change in the story. As far as price targets are concerned, a survey of 30 analysts shows a wide range from a shocking $23 on the low end, a median target of $185, and a high range upwards of $310 to cap it off.Right now, everything is riding on the promises of production. As seasoned traders know, holding out for confirmation is usually the smart play. The technical indicators map out key short-term and long-term levels, giving you a clearer view of the battleground where all this drama will play out.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.

ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24

In its Q4FY24 results, the company#39;s VNB fell 19.45 percent to Rs 2,227 crore for FY24

Trade setup for Wednesday: 15 things to know before opening bell

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.

IIHMR University launches certificate course on digital healthcare

The objective behind launching this course is to develop healthcare professionals with an understanding of digital health innovations

Lok Sabha Polls 2024: Ramayan’s Dipika Chikhlia aka Mata Sita campaigns for BJP#39;s Arun Govil in Meerut along with ‘Laxman’ Sunil Lahri

Dipik Chikhlia campaigns for Arun Govil in Meerut; As the countdown to the Meerut polls ticks away, BJP candidate Arun Govil received a nostalgic boost as he campaigned alongside his onscreen counterpart from the iconic TV series #39;Ramayan#39;.

Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share

The net profit was down 4.6 percent quarter-on-quarter compared to the October to December period of FY24 and 2.32 percent against the March quarter of FY23

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;

Cyient DLM#39;s profit after tax in FY24 surges 93%

For the full year, the company#39;s revenue stood at Rs 1,192 crore, which was 43.2 percent higher compared to the same period of the past financial year