Stock Market News and Analysis Live Today: The Ultimate Source

9.4% yield! A magnificent dividend stock I’d buy to target a lifelong second income

Royston Wild’s creating a list of the London stock market's best dividend shares. Here's one he's hoping to buy for a market-beating second income. The post 9.4% yield! A magnificent dividend stock I’d buy to target a lifelong second income appeared first on The Motley Fool UK.

‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?

“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”

‘My brother and sister are villains’: My siblings took control of my late mother’s estate and won’t reveal the contents of her trust. What should I do?

“They were always thick as thieves, and we were never what you would call close, but I never would have suspected them of this.”

Is this the worst Mother’s Day gift ever? ‘I’ve been happily married for six years, but that could change after my husband’s “generous” suggestion.’

“I work full-time. We usually take turns picking up our child from daycare, but this rubbed me the wrong way.”

How Jim Simons pioneered quantitative trading and transformed Wall Street

Billionaire investor Jim Simons, a mathematician who founded one of the most profitable trading firms of all time and pioneered the field of quantitative investing, has died at the age of 86.

Global stocks are no longer a monolith. Why India and Japan ETFs are drawing investors into single-country funds in 2024.

U.S. investors are snapping up ETFs with a single country focus in 2024, dumping multinational funds and bypassing China’s market in favor of other emerging nations with stronger growth prospects.

Three Breadth Indicators to Confirm a Bullish Market Trend

There's no denying the strength the major averages have displayed off their April lows. The S&P 500 finished the week within a rounding error of the previous all-time high around 5250. What would it take for the SPX and NDX to power to new all-time highs in May?Today, we'll break down three market breadth indicators that we are watching to confirm the likelihood of a further rise for the equity indexes. We're also watching those same three charts for warning signs of a trend exhaustion! First, let's measure how many stocks are above key moving averages.Percent of Stocks Above the 50- and 200-Day Moving AveragesOne of my favorite breadth indicators looks at how the members of a particular index are trading relative to their 50-day and 200-day moving averages. During an uptrend phase, a stock tends to be moving higher above two upward-sloping moving averages. By making this simple comparison across a large number of names, we can determine whether a market move is more of a narrow or a broad advance.The bottom panel shows that at the end of 2023, about 90% of the S&P 500 members were trading above their 200-day moving average. By the mid-April market low, that number had gone down to around 30%. That suggests that about 60% of the S&P 500 members had broken down through their 50-day moving average in early 2024. Talk about a broad market decline!Since the April low, this indicator has popped back over 50% to reach almost 60% this week. I've generally observed values over 50% are bullish, meaning that most SPX members are in a short-term uptrend. Thus, as long as this indicator remains above 50%, conditions are fairly constructive. In terms of danger signs on this chart, I've noticed that when the indicator gets up to around 85-90%, that's usually right around a market top. So, for now, this indicator suggests market strength.New 52-Week Highs and LowsNow that we've determined a broad advance off the April lows, what about the leadership names? Are there stocks already achieving a new 52-week high?You can see in the bottom panel that, when the S&P 500 had pulled back to around 4950 in mid-April, there were very few 52-week highs (green) or 52-week lows (red) for the S&P 500 members. Most stocks had made a new 52-week high in Q1, and most are still well above their October 2023 lows. But, in the subsequent three weeks, you can see a growing number of new 52-week highs.So even though the S&P 500 itself has still not achieved a new 52-week high, there are some early leadership names that are already pushing to their own 52-week high. A healthy uptrend is usually marked by an expansion in new 52-week highs. Hence, the more green on this chart going forward, the better.What would raise a red flag on this second chart? Basically, an evaporation of new 52-week highs would tell you those early leadership stocks are no longer making upward progress, and that, most likely, we are in a new pullback phase.Nasdaq 100 Bullish Percent IndexThe Bullish Percent Index is a market breadth indicator constructed by analyzing point & figure charts for a particular universe -- in this case, the Nasdaq 100 members. What percent of those stocks have most recently given a buy signal on their own point & figure charts?The top panel shows the Nasdaq 100 Bullish Percent Index, which is getting very near to the 50% level. I have found that when the indicator dips below 30%, but then pushes back above 50%, this often serves as a strong buy signal and suggests further upside. You can see the most recent signals in January 2023 and November 2023 demonstrate this phenomenon.So if this indicator pushes above 50% in the month of May, that would suggest that the current uptrend phase may just be getting started. If the indicator fails to push above 50%, that could indicate that this group of leading growth stocks, including pretty much all of the Magnificent 7 stocks, are not showing enough upside momentum to confirm the uptrend.Do you think the S&P 500 will achieve a new all-time high above 5250 in May 2024? Watch the video below, then drop a comment and let me know!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.

Relative Strength Screams Bullish for This Tech Stock

In this edition of StockCharts TV's The Final Bar, Dave uncovers strength in SQSP using the Stochastics Oscillator and the StochRSI indicator. He shares his favorite chart for analyzing relative strength ratios for leading stocks, and also answers viewer questions on price patterns for XLB and PYPL, plus best practices for monthly price charts.This video originally premiered on May 10, 2024. Watch on our dedicated Final Bar page on StockCharts TV!You can also see Dave's awesome chart from Gatis Roze by clicking here.New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

Great Eastern Shipping Company Q4 Results: Net profit rises 25% YoY to Rs 905 crore

The company's consolidated revenues during the quarter under review also rose to Rs 1,726.25 crore from Rs 1,550.27 crore in the year-ago period. The company's total expenses declined during the quarter to Rs 784.66 crore from Rs 853.22 crore in the year-ago period.

Punjab & Sind Bank Q4 Results: Net profit slumps 70% YoY to Rs 139 crore

The total income increased to Rs 2,894 crore during the quarter under review against Rs 2,652 crore in the same period last year, Punjab & Sind Bank said in a regulatory filing.

Bounce Alert: 3 Large Caps With RSIs Too Good To Ignore

The sudden divergence has made clear some laggards who have ultra-low RSI readings that might just be too good to ignore. Here are 3 worth watching closely.

Novavax soars 146% on $1.2 billion Sanofi vaccine licensing deal

The pact links two big players in the vaccine world that both missed out on the rush to develop and commercialize Covid shots quickly during the pandemic. Amid various setbacks, Sanofi and Novavax ceded tens of billions of dollars in sales to nimbler messenger-RNA developers including the Pfizer-BioNTech alliance and Moderna Inc.

Dr Lal PathLabs Q4 Results: Net profit rises 51% YoY to Rs 86 crore on improved volumes of diagnostic tests

Dr Lal PathLabs on Friday reported a 51% year-on-year (YoY) jump in net profit to Rs 86 crore in the quarter ended March 2024 led by improved volumes of diagnostic tests.

China's central bank vows to support economic recovery

China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.

Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive

Unity Software's earnings report reveals a company focused on optimizing its strategic portfolio, investing in AI-powered solutions, and expanding its reach.

US stocks gain ahead of Fed officials' remarks; Dow nears 40,000 mark

Indexes were inching closer to record highs following a selloff last month, as a slew of economic data pointed to a cooling US labour market, raising expectations that the Fed will cut borrowing costs more than once this year. A much better-than-expected earnings season has also helped put the benchmark S&P 500 and the tech-heavy Nasdaq Composite on track for their third consecutive week of gains.

Direct payout of securities: Zerodha's Nithin Kamath says Sebi's proposal simplifies ops

Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.

Cholamandalam Financial Q4 Results: Cons PAT jumps 27% YoY to Rs 1,143 crore

Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year.

Quess Corp Q4 Results: PAT rises to Rs 98 crore

Business services provider Quess Corp on Friday reported an increase in profit after tax (PAT) to Rs 98 crore during the March quarter. The company's PAT stood at Rs 30 crore in the corresponding period of the previous fiscal, Quess Corp said in a regulatory filing.

Here’s how I’d target a £1,890 second income by investing £35 a week

Christopher Ruane explains how, for a fiver a day, he'd aim to build a second income of almost £1,900 in a little over a decade. The post Here’s how I’d target a £1,890 second income by investing £35 a week appeared first on The Motley Fool UK.

3 Stocks Nancy Pelosi Has Been Buying

Three stocks have become top picks for Nancy Pelosi, as her Nvidia windfall wasn't enough, these could become her next winners riding on EPS growth projections

Reliance Industries, HDFC Bank among 5 stocks with top short covering

Tata Motors declares dividend of Rs 6 per share

Tata Motors on Friday announced a dividend of Rs 6 per share while announcing its Q4 results, which would be paid to the eligible shareholders on or before June 28.

Sapphire Foods Q4 Results: PAT plunges 98% YoY to Rs 2 crore; revenue jumps 13%

This was the company’s biggest profit fall since listing as inflation-weary customers continued to cut back on dining out and ordering in

Stock market update: Nifty Bank index falls 0.14%

The Nifty Bank index closed 0.14 per cent down at 47421.1.

Stock market update: Nifty Pharma index advances 0.94%

The Nifty Pharma index closed 0.94 per cent up at 18609.45.

Will the Biotech Sector Shift From Lagger to Leader?

The biotech sector has experienced a significant rally after bouncing off uptrend support and is now consolidating near major SMAs.

Robinhood Soars: Dissecting a Record-Breaking Q1 2024

Robinhood's impressive Q1 2024 earnings showcase the company's robust financial performance and strategic growth initiatives.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 97.71 points up at 22055.2

New Highs in Sight For Symbotic and its AI Warehouse Automation

Symbotic is growing at a hyper pace that should sustain for the next several quarters as deployments accelerate and recurring revenue grows.

Stock market update: Nifty Realty index falls 0.44%

The Nifty Realty index closed 0.44 per cent down at 935.35.

Stock market update: Sugar stocks up as market rises

The 30-share BSE Sensex closed up 260.3 points at 72664.47

Stock market update: FMCG stocks up as market rises

The 30-share BSE Sensex closed up 260.3 points at 72664.47

Here’s how much income I’d make if I invested all my ISA in Taylor Wimpey shares

Jon Smith explains why researching Taylor Wimpey shares could be a good move, based on historical dividend payments and the current economic cycle. The post Here’s how much income I’d make if I invested all my ISA in Taylor Wimpey shares appeared first on The Motley Fool UK.

I bought Lloyds shares in June and September last year – now look what’s happened

Harvey Jones is thrilled that he finally seized the moment and bought Lloyds shares on two separate occasions last year. The post I bought Lloyds shares in June and September last year – now look what’s happened appeared first on The Motley Fool UK.

Stocks Pop Higher as Defensive Sectors Thrive

In this edition of StockCharts TV's The Final Bar, Dave breaks down an unusual day for stocks. The S&P 500 and Nasdaq closed higher, but the top sectors were defensive - real estate and utilities! He shares key levels to watch for NVDA, AAPL, TSLA, and more, plus talks low volatility (with a VIX below 15) and falling interest rates.This video originally premiered on May 9, 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.

Rules-Based Money Management - Part 4: Security Ranking Measures

Note to the reader: This is the twentieth 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! - GregIt is not uncommon for investors to believe that the more information they have, the better their chance at choosing good investments. Financial websites offer alerts on stocks, the economy, and just about anything you think you might need. The sad part is that the investor thinks every iota of information is important and tries to draw a conclusion from it. The conclusion may turn out to be correct, but it is usually not.The issue is that investor is trying to tie each item of news to the movement of a stock, which generally never seems to work; just a few minutes watching the financial media should tell you that it doesn't work. Human emotions make the investor feel good about having news that supports their beliefs, but rarely do those emotions contribute to investment success. I find it amazing how many times I go into an office and find the financial television playing, sometimes muted, but probably only when they see me coming. Too much information can lead to a total disarray of investment ideas and decisions. Keep it simple, turn off the outside noise, and use a technical approach to determine which issues to buy and sell. You'll be healthier.Ranking MeasuresRanking measures are the technical indicators used to determine which issues to buy based on their trendiness. They can be assigned as mandatory or tie-breaker ranking measures. The mandatory ones are the ranking measures that have to meet certain requirements before an issue can be bought. The tie-breaker ranking measures are there to assist in issue selection, but are not mandatory.Ranking measures can be used with individual stocks, Exchange Traded Funds (ETFs), mutual funds, and bonds; however, there must be a process for selecting them, if for no other reason than to reduce the number down to a usable amount. For example, in an exchange-traded fund (ETF)-only strategy, consider that there are nearly 1,400 ETFs, and a fully invested portfolio might only have positions in 20 ETFs. Ranking measures are indicators, mainly of price or price relationships that assist in the determination of whether an issue is in an uptrend.Throughout this section, the charts show the exchange-traded fund SPY in the top plot whenever possible, the ranking measure in the bottom plot, and the ranking measure's binary overlaid on the SPY in the top plot. Some exceptions to using SPY are when volume is needed for the ranking measure, in which case another broad-based ETF will be used. A discussion of the parameters that can be used for each ranking measure is also included. I do not go into excruciating analysis on each chart, as the concept is really simple. The binary is the signal line, and it only represents the ranking measure's signals exactly. Not all ranking measures have a binary signal, as they are used for confirmation of a trend direction.The discussion for each ranking measure is varied as some are fairly simple to understand and won't involve a detailed discussion. I certainly am not the type that discusses the wiggles and waggles of each indicator.TrendTrend is the name given to a derivative of an indicator originally created by Jim Ritter of Stratagem Software. He wrote about it in the December 1992 (V. 12:12, 534–534) issue of Stocks & Commodities magazine, in the article "Create a Hybrid Indicator." Trend is a simple concept, yet is a powerful combination of two overbought oversold indicators: Stochastics (%K) and Relative Strength Index (RSI). The indicator uses 50% of each one in combination, and while both are range-bound between zero and 100, the combination is also range-bound between zero and 100. Stochastics, normally much quicker to react to price changes, is dampened by the usually slower-to-react RSI. In combination, you have an indicator that shows strong trend measurements whenever it is above a predetermined threshold.ParametersThe Stochastic needs to be much longer than when used by itself, while RSI can be used close to its original value. The Stochastic range of 20 to 30 should work well, with the final value determined by the length trend you want to follow. The RSI range can vary, but you don't want to make it too long, as it is already a slower-reacting measure. Finally, the threshold used for Trend should be in the 50 to 60 range, again dependent on how soon you want the signal, remembering that early signals will also give more whipsaws. The examples of Trend in Figure 14.1 have the threshold drawn at 50, which is a good all-around value. The concept is simply that whenever Trend is above 50, the ETF is in an uptrend, and whenever Trend is below 50, it is not in an uptrend. The binary is overlaid on the price plot (top) so that you can see the signals better. Notice that when prices are in an uptrend, the binary is usually at the top, and when prices are not, it is at the bottom. Also note that, in the middle of the plot, there were a number of quick signals in succession; this is why one should not rely on a single indicator for analysis.Trend Rate of Change (ROC)This is merely the five-day rate of change of Trend. Why would you use that? When viewing a lot of data on a spreadsheet that does not contain any charts, and you see the value for Trend is 65, you also need to[…]

This Is What I Mean By Leading Stocks In Leading Industry Groups

Sample ReportA few days ago, I provided a sample of our Weekly Market Report (WMR), which is sent to our EarningsBeats.com members on Mondays. Below is a sample of our Daily Market Report (DMR), sent out to members on Tuesdays through Thursdays. A very brief market update is sent out on Fridays.Enjoy the report as a thank you for following me here at StockCharts.com over my 17 years of contributing articles. If you'd like to kick the tires on our EarningsBeats.com service, we have a 30-day FREE trial and there's never been a better time to join. Our Spring Special kicks off in the next week, so if you enjoy our service, you'll have an opportunity to extend your membership using our best deal of the year. CLICK HERE to get your free trial started!Executive Market SummaryOur major indices were lower overnight, but reversed when initial claims unexpectedly roseThat rise in claims quickly drove the 10-year treasury yield ($TNX) lower, aiding stock futuresCommodities are jumping today as silver ($SILVER, +2.71%) moves within 2% of its recent high closeThe dollar ($USD) reversed yesterday after moving higher in prior sessions, likely adding to the interest in commoditiesCrude oil ($WTIC, +0.23%) reversed yesterday as well; any move higher from here will meet a lot of congestion near $82 per barrelToday's equity strength currently is centered in real estate (XLRE, +1.81%) and utilities (XLU, +1.12%), two defensive sectorsTechnology (XLK, -0.18%) is the only sector in negative territory at this time as computer services ($DJUSDV, -3.16%) is weighing on the groupAirbnb (ABNB, -6.62%) is one of the worst S&P 500 performers after reporting quarterly results; ABNB has broken beneath recent price support at 155 in an overall deteriorating travel & tourism group ($DJUSTT)Market OutlookThe only time during the last 12 years that I suggested it was a good time to sit it out was heading into 2022 and just before one of our worst cyclical bear markets hit. Otherwise, I've suggested that anyone investing for the long-term stay the bullish course and remain long. Of course, the ultimate decision is entirely yours. We provide our guidance based on our own independent research and signals, but it's always up to you. We can't take on your risk and we are not privy to your personal financial situation and risk tolerance. It would be foolish for us to attempt to manage anyone's money, and it would also be ill-advised since we are not Registered Investment Advisors and are not licensed to do so.As a quick refresher, if you're natural tendency is to want to short the stock market, I'd simply put this up next to your computer screen as a reminder of what the stock market does over time. Then decide if you'd be better off with a positive mindset or negative mindset when it comes to U.S. equities:This is why I feel it's important to ignore the news and follow the charts. There are always reasons why the stock market is about to plummet. That's one constant that never changes. To be a successful investor/trader, you need to be able to look objectively at the stock market and only hunker down when most signals line up bearishly. In my humble opinion, that's not the case right now.Sector/Industry FocusHere are several industries that are breaking out to new highs or threatening to break out - all amongst our 5 aggressive sectors - XLK, XLY, XLC, XLI, and XLF. When I talk about trading leading stocks within leading industry groups, this is how you begin the process. Find several of the best industry groups:Internet ($DJUSNS):Broadline Retailers ($DJUSRB):Banks ($DJUSBK):Investment Services ($DJUSSB):Full Line Insurance ($DJUSIF):Heavy Construction ($DJUSHV):Electrical Components & Equipment ($DJUSEC):ChartLists/StrategiesOk, so if we truly remain in a secular bull market and the recent period of selling/consolidation is drawing to a close, how do we find individual stocks to consider for the next leg up in the stock market. Well, first we know that the above industry groups are strong right now and strengthening. Defense ($DJUSDN) and aerospace ($DJUSAS) were not shown above, but are two other industries really strong now. Second, let's run a scan of stocks with SCTRs above 90 (excellent relative strength) that reside in the above industry groups. I'll add a minimum average volume filter and run this scan against our Strong Earnings ChartList (SECL) and Raised Guidance (RGCL) - you can run this scan against the entire stock population if you'd like. But by including our SECL and RGCL, we know that these companies are strong fundamentally in addition to their technical strength:.....and the results sorted first by SCTR, then by industry group:These are 27 companies with excellent relative strength (based on the high SCTR score) that belong to those industry groups showing excellent strength. These stocks are the collective "poster children" of "leading stocks in leading industry groups". Earnings ReportsHere are the key earnings reports for the next two days, featuring stocks with market caps of more than $10 billion. I also include notable companies with market caps below $10 billion. Finally, any portfolio stocks that will be reporting results are highlighted in BOLD. If you decide to hold a stock into earnings, please understand the significant short-term risk that you are taking. Please be sure to check for earnings dates for any companies that you own or are considering owning.Thursday, May 9:BN, CEG, TAK, SLF, MTD, TEF, RBLX, WPM, TU, ARGX, PBA, WBD, EDR, WMG, RPRX, AKAM, H, EPAM, VTRS, SUZ, BAP, RBA, PODD, USFD, GEN, EVRG, CRL, NTRA, SOLV, ONTO, TREX, TPR, DBX, HRB, MARA, NXST, PLNT, FOUR, HAE, FROG, INSM, TSEM, SYNA, ALRM, VCTR, CLSK, YETI, YELP, SG, VERA, TGLS, NTLA, DNUT, PLUG, SOUN, NTCT, WRBY, VITL, CSIQ, CARS, SBH, ZIPFriday, May 10:ENB, CRH, DOCN, ROADEconomic ReportsInitial jobless claims: 231,000 (actual) vs. 212,000 (estimate)Happy trading!Tom

Roblox: The Bottom Just Fell Out of the Metaverse

Roblox had another solid quarter but growth was weaker than expected and slowing, providing a catalyst for lower share prices.

Airbnb Stock Plummets After Earnings, But is It a Buy?

Airbnb stock's earnings dip could be a buy opportunity after investors check the double-digit growth in the company's profit drivers today.

Uber's Earnings Drop Is Investors Opportunity

Any further momentum on the bid during Thursday or Friday's session is likely to confirm that a recovery rally is in the works.

Earnings Summary: Everything you need to know about Evergy’s Q1 2024 report

Electricity company Evergy, Inc. (NASDAQ: EVRG) announced financial results for the first quarter of 2024, reporting lower profit despite an increase in revenues. First-quarter 2024 earnings, on a reported basis, decreased […] The post Earnings Summary: Everything you need to know about Evergy’s Q1 2024 report first appeared on AlphaStreet.

Shopify Stock Took a Breather, Markets Stay Bullish On its Future

Shares of Shopify are plummeting after reporting first quarter 2024 earnings, and analysts think the stock could not only recover but keep rallying.

Electronic Arts Earnings Engaging Players and Building Value

Electronic Arts navigates a volatile gaming landscape, demonstrating financial resilience and strategic focus on long-term growth.

Has FMC Stock Reached Bottom? First Quarter Earnings Say Yes

FMC stock rose by 10% after reporting its first quarter 2024 earnings, showing investors how the company could make another push higher.

What Rising Volatility Means to the Current Market

On this week's edition of Stock Talk with Joe Rabil, Joe explains how he uses a rising volatility condition to signal increased risk. He then discusses what needs to take place to offer a nice trading opportunity, and shows how to adjust your approach when volatility is increasing. Joe then covers the stock requests that came through this week including Blackrock, Lululemon and Terawulf.This video was originally published on May 8, 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.

A look at how Disney’s (DIS) entertainment business performed in Q2 2024

Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of […] The post A look at how Disney’s (DIS) entertainment business performed in Q2 2024 first appeared on AlphaStreet.

Generac Powers Ahead on the Electrification Mega-Trend

Backup power generation systems provider Generac Holdings Inc. (NYSE: GNRC) is attempting to recover from its Q1 2024 earnings selloff.

Earnings Summary: A snapshot of Expeditors International’s Q1 results

Logistics company Expeditors International of Washington, Inc. (NASDAQ: EXPD) has announced financial results for the first quarter of 2024, reporting a decrease in revenue and net income. First-quarter revenues dropped […] The post Earnings Summary: A snapshot of Expeditors International’s Q1 results first appeared on AlphaStreet.

Why Novo Nordisk's Stock Price Recovery Makes It a Promising Buy

Novo Nordisk (NVO) reported Q1 earnings on May 2. Even though it was a positive report, sales of its weight-loss drug Wegovy came in below expectations, causing the NVO stock price to fall lower.The selloff may have been an initial and short-lived reaction, as NVO pivoted and gapped up on Monday. Maybe investors realized that the stock was a bargain, given that overall sales are strong, as are sales of Ozempic, its diabetic drug. The stock was filtered in the StockCharts Technical Rank (SCTR) crossing scan, which looks for stocks crossing above the 76, 79, and 80 levels. The logic behind the scan is to find stocks that are beginning to gain strength and could potentially be good candidates to add to your portfolio.Novo Nordisk's Technical OutlookFollow the live chart.Let's analyze the charts of Novo Nordisk stock.The five-year weekly chart of NVO below shows the stock is trending upward, particularly since October 2022.CHART 1. WEEKLY CHART OF NOVO NORDISK. The stock price has been trending higher and is now pulling back. Could it break out higher and reach its all-time high?Chart source: StockCharts.com. For educational purposes.For the most part, NVO has traded above its 20-week simple moving average (SMA). The stock pulled back while the overall market was pulling back. What's interesting in NVO's pullback is that it started looking like a flag pattern, but then moved sideways.Follow the live chart.The daily chart below shows a more granular picture. The upward trend stalled, but recovered. The stock price is at its 50-day SMA with slightly higher volume.CHART 2. DAILY CHART OF NOVO NORDISK. If the stock price moves above the 50-day moving average on strong follow-through, the price could reach and move above its all-time high.Chart source: StockCharts.com. For educational purposes.The relative strength index (RSI) in the lower panel is slightly above 50, indicating that, if the stock moves higher, it has room to move before hitting overbought territory. The SCTR line in the top panel has crossed above the 70 line, another positive for the stock.If NVO continues moving higher, accompanied by a rising RSI and SCTR, the odds of the stock price hitting its all-time high are good. If the upward price movement has strong follow-through, the stock could also hit new all-time highs.With all stocks, you'll have to look at the other side of the coin. What if NVO fails to hold the support of its 50-day SMA? It could fall to its 100-day SMA, which at this point coincides with previous support levels. If the SCTR dips below 50 and RSI moves below 30, the probability of an uptrend will reduce significantly.The TakeawayWhen you see a stock you like, it's a good idea to add it to one of your ChartLists. All charts may not move in the direction you expect them to go, but the weekly and daily chart of NVO are worth watching. Novo Nordisk's stock has potential to rise further and, if it does, your portfolio could get a nice boost.SCTR Crossing Scan[country is US] and [sma(20,volume) > 100000] and [[SCTR.us.etf x 76] or [SCTR.large x 76] or [SCTR.us.etf x 78] or [SCTR.large x 78] or [SCTR.us.etf x 80] or [SCTR.large x 80]]Credit goes to Greg Schnell, CMT, MFTA.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.

How to Read an Earnings Report | Step by Step Guide with Tips

Learn how to read an earnings report, from understanding key components to analyzing data in order to make informed investment decisions.

Uber Technologies reports wider loss for Q1 2024; revenue up 15%

Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net […] The post Uber Technologies reports wider loss for Q1 2024; revenue up 15% first appeared on AlphaStreet.

Chegg Chokes on AI Attempt, CEO Talks it Up As He Passes Torch

Chegg beat Q1 2024 EPS by a penny but lowered its top and bottom line estimates for Q2 2024 as CheggMate AI isn't helping.

Key metrics from Shopify’s (SHOP) Q1 2024 earnings results

Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to […] The post Key metrics from Shopify’s (SHOP) Q1 2024 earnings results first appeared on AlphaStreet.

Upwork Capitalizes on the Growing AI Gig Economy

Upwork’s Artificial Intelligence and Machine Learning segment saw 50% YoY gross service volume in Q1 2024 as it unveiled its AI bot Uma, the Mindful AI.

EA Earnings: Electronic Arts reports lower revenues for Q4 2024

Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts’ estimates. Fourth-quarter […] The post EA Earnings: Electronic Arts reports lower revenues for Q4 2024 first appeared on AlphaStreet.

Electronic Arts Q4 2024 Earnings Call: Listen Live and Get the Real-Time Transcript

Video game publisher Electronic Arts (NASDAQ: EA) is scheduled to publish fourth-quarter 2024 earnings today after regular trading hours. Listen to Electronic Arts’ Q4 2024 earnings call live and read […] The post Electronic Arts Q4 2024 Earnings Call: Listen Live and Get the Real-Time Transcript first appeared on AlphaStreet.

The Market Breadth Indicator You Should Be Following

In this edition of StockCharts TV's The Final Bar, Dave recaps another strong day for stocks as the S&P 500 regains its 50-day moving average. He then identifies key levels to watch for PLTR, LCID, NFLX, NVDA, and AAPL, and breaks down the latest market breadth indicator readings.This video originally premiered on May 6, 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.

Week Ahead: NIFTY Stays Vulnerable to Disruption of Primary Trend; Volatility Likely to Stay

The markets traded in a much wider range in the past trading week. Over the past few days, we had seen the markets and the VIX inching higher, i.e. moving in the same direction. In the previous technical note, we had expressly mentioned this concern, as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move.The last trading day of the week saw the Index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%).There is something more that needs to be noted from a technical perspective. While the Nifty has stayed flat, the volatility has shown a huge spike. This is evident from the IndiaVix spiking by a massive 33.80% to 14.62. This continues to show some quantum of uneasiness in the markets. Moreso, the rise in the VIX and the NIFTY over the past few days has made the markets vulnerable to profit-taking bouts, like the one seen on Friday. Historical data shows that often, through such behavior, VIX has ended up issuing prior warnings to any impending profit-taking bout. The NIFTY did mark its fresh lifetime high of 22794.70; however, the 22775 level still remains an immediate top for the markets, as it was not taken out convincingly. In short, so long as Nifty stays below 22775, it is likely to consolidate in a broad trading range, showing volatile moves on either side.Monday is likely to see a stable start to the trade. The levels of 22650 and 22775 are likely to act as potential resistance levels. The supports come in at 22300 and 22050 levels.The weekly RSI is 65.61; it remains neutral and does not show any divergence against the price. The weekly MACD is still bearish and trading below its signal line. A Doji has been formed on the candle; its emergence near the high point has the potential to disrupt the ongoing trend in the markets. Historically, Doji's have been more potent comparatively to form reversals; however, they would need confirmation on the next bar.The pattern analysis of the weekly chart shows that Nifty is continuing to trade in a small rising channel, and the 20-week MA which is currently placed at 22045, happens to be the nearest support for the Index. If this level gets violated, then it would be the first sign of the markets likely taking a breather and the present trend getting temporarily disrupted.All in all, the markets are likely to adopt some defensive bias in the future; we may see some defensive pockets doing well over the coming days. Some technical rebounds too can be expected. However, it is strongly recommended that we use these technical rebounds as and when they occur to protect the profits at higher levels. Fresh purchases should be made extremely carefully, and only in the stocks that are developing or bettering their relative strength against the broader markets. A cautious approach is advised for the coming week.Sector Analysis for the Coming WeekIn our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.Relative Rotation Graphs (RRG) show that only the Nifty Metal, Auto, and Consumption Indices are inside the leading quadrant. Among these, though the Auto group is seeing some paring of relative momentum, these groups are likely to relatively outperform the broader markets collectively.The Nifty Commodities, Energy, Midcap 100, Realty, PSE, PSUBank, Infrastructure, and Pharma indices are inside the weakening quadrant. They are expected to slow down on their relative performance; individual stock-specific shows may be seen.While Nifty IT continues to languish inside the lagging quadrant, the FMCG and Media Indices are seen improving on their relative momentum against the broader Nifty 500 index.Banknifty, Nifty Financial Services, and the Service Sector Indices are inside the improving quadrant; they are expected to continue bettering their relative performance against the broader markets.Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.Milan Vaishnav, CMT, MSTA Consulting Technical Analystwww.EquityResearch.asia | www.ChartWizard.ae

DEFENSE TRIES TO HELP EQUITIES MOVE OFF LOWS

Good morning and welcome to this week's Flight Path. The equity "NoGo" trend struggled this week as prices climbed from lows. We see an amber "Go Fish" bar as the market tries to understand the trend. GoNoGo Trend paints pink "NoGo" bars for treasury bond prices and commodity prices enter a period of uncertainty with consecutive amber "Go Fish" bars. The dollar, currently, is the only asset that is in a "Go" trend as we see the indicator painting weaker aqua bars. Lots of uncertainty this week!Markets Uncertain of Equity TrendThe "NoGo" trend gave way to an amber "Go Fish" bar at the end of the trading week. We know, that when the amber bar is painted it is because there are not enough criteria being met behind the scenes for the GoNoGo Trend indicator to identify a trend in either direction, Go or NoGo. Adding to the feeling of uncertainty is the candle itself. A doji candle is when the open and close price are the same or very close, and this is what we saw on Friday. There was no clear winner between the bulls and the bears. No surprise then, when we look at the oscillator panel we see the GoNoGo Oscillator riding the zero line and a Max GoNoGo Squeeze in effect. This is a visual representation of the tug of war between buyers and sellers at this level. We will watch closely to see in which direction the Squeeze is broken, as this will help us determine price direction.The larger weekly chart shows that we are at an inflection point here as well. We have seen a 4th consecutive weak aqua "Go" bar as price seems to have set a new higher low. GoNoGo Oscillator has crashed over the last month to test the zero line from above where we will watch to see if it finds support. If it does, we will see signs of trend continuation on the price chart. A break below the zero line would signal a more drawn out correction.Rates Fall After ConsolidationThis entire week saw GoNoGo Trend paint weaker aqua "Go" bars as price fell from its most recent high. We turn our eye to the oscillator panel and see that GoNoGo Oscillator has failed to find support at that level. As it dips its nose into negative territory we can say that momentum is out of step with the "Go" trend and we will watch to see if it sinks further into negative territory. If it does, then we may see trend change above. A rally back to the zero line would likely allow the "Go" trend to continue in the short term.

MEM TV: NVIDA is Setting Up To SURGE

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 May 3, 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.

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