Stock Market News and Analysis Live Today: The Ultimate Source

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The Latest Stock Market News and Analysis Live Today: The Ultimate Resource for Stock Market News, Technical and Fundamental Analysis, Signals, and Forecasts.

  • Netflix Gets Island Reversal On Earnings

    Apr 19, 2024 | 13:09 pm

    Netflix (NFLX) earnings were released today, and the news was good. . . except for one little thing. They also suspiciously announced that, starting next year, they would no longer be reporting subscriber metrics. That's like General Motors saying that they will no longer report how many cars and trucks they made. I admit that some other aspect of the report could be a contributing factor for the crash, but let's look at the technicals.After the gap up in January, price formed a three-month island that drifted higher, but all was not well technically. The falling PMO formed a negative divergence against the rising price. When the PMO falls above the zero line, it is telling us that the strength behind the up move is diminishing.Also, the On-Balance Volume (OBV) went flat to slightly falling. OBV usually tracks price, and when it doesn't, it should attract our attention. In this case, it is suggesting that NFLX is not attracting sufficient volume to justify the rise in price.Conclusion: Gaps don't always result in island reversals. For example, there was a gap up in October, following which a very similar island was formed. However, in January price gapped up from that island instead of reversing. In the case of the latest island, OBV sent up the warning flag.Learn more about DecisionPoint.com:Watch 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

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  • Fed report highlights risks to financial stability if interest rates stay higher for longer

    Apr 19, 2024 | 13:00 pm

    The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.

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  • Here’s what Biden can actually do to ensure gas prices are ‘affordable’

    Apr 19, 2024 | 13:00 pm

    Gasoline prices are on the rise this election year, and President Joe Biden’s team wants to make sure they’re “affordable” for Americans — but can the White House actually do that?

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  • Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go

    Apr 19, 2024 | 13:00 pm

    Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?

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  • 2-year Treasury yield ends with largest four-week advance since last June

    Apr 19, 2024 | 12:45 pm

    Rates on U.S. government debt finished slightly lower on Friday after Israel’s limited retaliation against Iran led to a modest flight-to-safety trade, yet yields still advanced for the third or fourth week in a row.

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  • Oil ends below the day’s highs as panic eases over Israel’s retaliation against Iran

    Apr 19, 2024 | 12:40 pm

    Oil prices on Friday pared much of their overnight gains to settle with a more modest rise as “calmer heads” prevailed after an apparent retaliatory attack by Israel on Iran.

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  • Why Super Micro’s stock is tumbling toward its worst day since August

    Apr 19, 2024 | 12:02 pm

    Some were hopeful Super Micro would give a positive update ahead of its official results, but that didn’t materialize when the company set its earnings date.

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

    Apr 19, 2024 | 12:00 pm

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

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  • Nvidia’s stock plunge leads Magnificent Seven to record weekly market-cap loss

    Apr 19, 2024 | 11:59 am

    The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week.

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  • As Paramount’s stock soars, bonds see net selling despite juicy yields and discounted prices

    Apr 19, 2024 | 11:46 am

    Paramount’s bonds that mature in 2032 and 2036 are currently yielding more than 7%.

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  • Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it

    Apr 19, 2024 | 11:31 am

    ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.

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  • IREDA Q4 PAT up 33% YoY with rise in income

    Apr 19, 2024 | 11:29 am

    The finance cost of the non-banking financial company rose in tandem with the revenue to ₹847 crore. Loan disbursement in the quarter was ₹12,869.35 crore up around 14% from the corresponding period last year.

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  • ‘My boss didn’t even know’: Tesla employees talk about being shocked at how they were laid off

    Apr 19, 2024 | 11:26 am

    “I got the email on my off day, and they sent it in the middle of the night — no warning,” one former Tesla employee said about the layoffs.

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  • After Chamkila fever, watch this documentary film on the Mirasi folk singers of Punjab

    Apr 19, 2024 | 11:17 am

    A documentary celebrating the history of Punjab’s Muslim women singers of the Mirasi community will be screened in Delhi and online.

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  • What to look for when American Airlines (AAL) reports Q1 2024 earnings results

    Apr 19, 2024 | 10:55 am

    Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first […] The post What to look for when American Airlines (AAL) reports Q1 2024 earnings results first appeared on AlphaStreet.

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  • Wipro’s consulting business Capco sees “green shoots”

    Apr 19, 2024 | 10:32 am

    Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

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  • Wipro’s consulting business Capco sees “green shoots”

    Apr 19, 2024 | 10:32 am

    Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%

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  • Govt open to selling stake in GIC Re, LIC in FY24/25: Source

    Apr 19, 2024 | 10:08 am

    In FY 2024/25, India may sell a 10% stake in GIC for about Rs 57 billion. LIC plans to offload 10% over 7 years and 25% over 10 years post its successful IPO.

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  • 1 penny stock with the potential to change the way the world works forever!

    Apr 19, 2024 | 10:08 am

    Sumayya Mansoor breaks down this potentially exciting penny stock and explains how it could impact food consumption. The post 1 penny stock with the potential to change the way the world works forever! appeared first on The Motley Fool UK.

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  • American Express Q1 Results: Profits jump 34%, helped by jump in new customers, higher spending

    Apr 19, 2024 | 10:03 am

    American Express's Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company's revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.

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

    Apr 19, 2024 | 09:56 am

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

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  • ET Market Watch: Financials lift Sensex 599 points higher despite IT selloff

    Apr 19, 2024 | 09:33 am

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  • Sebi mulls framework for price discovery of investment cos trading below book value

    Apr 19, 2024 | 09:12 am

    Sebi's proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.

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  • US markets fall for 6th day in a row, SP 500 down 0.32%; GIFT Nifty up

    Apr 19, 2024 | 09:08 am

    US Markets continued to trade in the red over Middle East tensions. European markets traded mixed, while Asian markets tumbled. Indian indices and Crude traded higher.

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  • 2 FTSE 250 stocks to consider buying for powerful passive income

    Apr 19, 2024 | 09:04 am

    Our writer explains why investors should be looking at these two FTSE 250 picks for juicy dividends and growth. The post 2 FTSE 250 stocks to consider buying for powerful passive income appeared first on The Motley Fool UK.

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  • Comprehensive Analysis of PayPal Stock

    Apr 19, 2024 | 08:45 am

    PayPal stock is now the best choice for investors looking to ride the technology sector catch up, analysts see double-digit upside in strong fundamentals

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  • Wipro ADRs jump 4% despite Q4 PAT decline, softer guidance

    Apr 19, 2024 | 08:26 am

    Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.

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  • Wipro CEO Pallia unveils five focus areas to turn around the company

    Apr 19, 2024 | 08:26 am

    Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.

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  • P&G Q3 Results: Co lifts annual profit forecast on strong US consumer demand, easing costs

    Apr 19, 2024 | 08:06 am

    ​Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.

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  • Demerger will begin after government divests stake: Hindustan Zinc CEO

    Apr 19, 2024 | 08:01 am

    Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route

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  • Intuitive Surgical Stock Can Trend Much Higher This Year 

    Apr 19, 2024 | 07:59 am

    Intuitive Surgical is the leading medtech. It outpaces industry growth and analysts' expectations. Cash flow is solid and improves shareholder value.

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  • Earnings Summary: Regions Financial Corp. (RF) reports Q1 2024 results

    Apr 19, 2024 | 07:43 am

    Regions Financial Corp. (NYSE: RF) reported a decline in net income and revenues for the first quarter of 2024. Net interest income decreased by about 16% Net income available to […] The post Earnings Summary: Regions Financial Corp. (RF) reports Q1 2024 results first appeared on AlphaStreet.

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  • HDFC AMC Q4 Results: Cons PAT jumps 44% YoY to Rs 541 crore; co declares Rs 70 dividend

    Apr 19, 2024 | 07:33 am

    Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.

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  • This forgotten FTSE 100 stock is up 25% in a year

    Apr 19, 2024 | 07:25 am

    Jon Smith outlines one FTSE 100 stock that doubled in value back in 2020 but that has since fallen out of favour with some growth investors. The post This forgotten FTSE 100 stock is up 25% in a year appeared first on The Motley Fool UK.

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  • HDFC AMC Q4 results: Net profit rises 43% to Rs 540 crore

    Apr 19, 2024 | 07:22 am

    The AMC closed at Quarterly Average Assets Under Management (QAAUM) of Rs 6.12 lakh crore and a market share of 11.3 percent in the quarter.

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  • 2 dividend shares I wouldn’t touch with a bargepole in today’s stock market

    Apr 19, 2024 | 07:20 am

    The stock market is full of fantastic dividend shares that can deliver rising passive income over time. But I don't think these two will. The post 2 dividend shares I wouldn’t touch with a bargepole in today’s stock market appeared first on The Motley Fool UK.

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  • Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25

    Apr 19, 2024 | 07:17 am

    CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time.

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  • Wipro Q4 Results: PAT dips 8% YoY to Rs 2,835 cr; revenue guidance pegged at -1.5 to 0.5%

    Apr 19, 2024 | 07:07 am

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

    Apr 19, 2024 | 07:03 am

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

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  • Netflix slides 7% as move to end sharing user count sparks growth worries

    Apr 19, 2024 | 06:44 am

    Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.

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  • Earnings Summary: A snapshot of Schlumberger’s Q1 2024 financial results

    Apr 19, 2024 | 06:38 am

    Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the first quarter of 2024, reporting higher revenues and earnings. Schlumberger’s Q1 revenue came in at $8.71 […] The post Earnings Summary: A snapshot of Schlumberger’s Q1 2024 financial results first appeared on AlphaStreet.

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  • Nasdaq lags peers as Netflix, chip stocks drag; AmEx lifts Dow

    Apr 19, 2024 | 06:38 am

    Nasdaq and S&P 500 declined due to Netflix's weak forecast. Chicago Fed President mentioned stalled inflation progress. J.P. Morgan's Manoukian noted strong growth. American Express outperformed. Iranian city attack affected markets.

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  • Alibaba Stock Analysis: Insights, Trends, and Future Predictions

    Apr 19, 2024 | 06:37 am

    Alibaba is still a key E-commerce player, and its financials remain strong in the face of Ray Dalio and Michael Burry, analysts see nearly 100% upside

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  • Salesforce Stock Analysis: Deep Dive into CRM Market Performance

    Apr 19, 2024 | 06:30 am

    Salesforce.com is the leading player in CRM software services, and its stock is being led higher by capital returns and analysts.

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  • Rocks over Stocks | GoNoGo Show 041824

    Apr 19, 2024 | 06:04 am

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

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  • Exide Industries, Vodafone Idea among 5 stocks with top long unwinding

    Apr 19, 2024 | 06:00 am

    In Friday's trading session, five stocks witnessed a top long unwinding,

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  • Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

    Apr 19, 2024 | 05:59 am

    With equities in general logging some of their worst weeks of the year so far, many previously high-flying stocks have RSI readings verging on the oversold.

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  • Tech View: Nifty forms bullish reversal pattern. What traders should do next week

    Apr 19, 2024 | 05:54 am

    The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300, followed by a bearish gap of 22,430-22,500, is likely to act as a daunting task in the near period and an authoritative breakthrough could only re-strengthen the lost momentum to the bulls of D-Street, said Osho Krishan of Angel One.

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  • Aditya Birla Fashion approves Madura business demerger into separate listed entity

    Apr 19, 2024 | 05:53 am

    Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation.

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  • 3 Magnificent Seven Stocks Outperforming the Rest

    Apr 19, 2024 | 05:48 am

    Ahead of upcoming earnings, three Magnificent Seven members have displayed relative strength and resilience amidst the market's selloff. 

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  • Is the cement sector overvalued? Here#39;s what market experts say

    Apr 19, 2024 | 05:45 am

    Most analysts and fund managers Moneycontrol spoke to advised caution on the segment, adding, however, that there were #39;pockets of opportunity#39;.

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  • Indian Hotels, Indiamart Intermesh among 5 stocks with top short covering

    Apr 19, 2024 | 05:35 am

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  • Buy the Dip in Netflix Stock, It Won’t Last Long

    Apr 19, 2024 | 05:32 am

    Consumer tech giant Netflix is transitioning from a growth stock to a mature, blue-chip tech stock with a widening margin, cash flow, and capital returns.

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  • Bargain Alert: Gitlab’s Slide Has Created a Temporary 40% Upside

    Apr 19, 2024 | 05:30 am

    The stock has been trending down since March but what’s interesting is that analysts are only getting more excited about its potential upside.

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  • Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore

    Apr 19, 2024 | 05:30 am

    The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.

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  • Jio Financial Services Q4 results: Net profit at Rs 310 crore, NII at Rs 280 crore

    Apr 19, 2024 | 05:21 am

    Jio Financial Services Q4 results: The company reported a net profit of Rs 293 crore and a net interest income of Rs 269 crore in the previous quarter

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  • Sunil Singhania cuts stake in 8 stocks, likely exits 3 others in Q4. Do you own any?

    Apr 19, 2024 | 05:17 am

    Sunil Singhania publicly holds 25 stocks with a net worth of over Rs 2,777 crore

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  • Network18 Q4 Results: Loss widens to Rs 96 crore; revenue jumps 63% YoY

    Apr 19, 2024 | 05:15 am

    Network18 Q4 Results: Segment-wise, TV news reported strong revenue growth during the quarter and full year, driven by an increase in advertising revenue across clusters.

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  • Vijay Kedia adds smallcap stock in March, trims stake in 3 multibaggers

    Apr 19, 2024 | 05:09 am

    Kedia brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.

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  • PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

    Apr 19, 2024 | 05:03 am

    Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core […] The post PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates first appeared on AlphaStreet.

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  • Sanathan Textiles refiles draft papers to raise Rs 800 crore via IPO

    Apr 19, 2024 | 05:02 am

    Sanathan Textiles IPO | The IPO is a mix of fresh issuance of equity shares worth Rs 500 crore and an offer-for-sale (OFS) of shares worth Rs 300 crore by promoters.

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  • Sanathan Textiles refiles draft papers to raise Rs 800 crore via IPO

    Apr 19, 2024 | 05:02 am

    Sanathan Textiles IPO | The IPO is a mix of fresh issuance of equity shares worth Rs 500 crore and an offer-for-sale (OFS) of shares worth Rs 300 crore by promoters.

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  • Stock market update: Nifty Pharma index falls 0.65%

    Apr 19, 2024 | 04:56 am

    The Nifty Pharma index closed 0.65 per cent down at 18404.6.

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  • Stock market update: Nifty Realty index falls 0.7%

    Apr 19, 2024 | 04:51 am

    The Nifty Realty index closed 0.7 per cent down at 926.25.

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  • Reschedule non-essential travel to or via Dubai, says Indian Embassy after UAE floods

    Apr 19, 2024 | 04:49 am

    Due to disruption caused by unprecedented weather conditions in the UAE earlier this week, Dubai International Airport has temporarily limited the number of inbound flights

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

    Apr 19, 2024 | 04:46 am

    The NSE Nifty index closed 151.16 points up at 22147.0

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  • Stock market update: Nifty IT index falls 0.39%

    Apr 19, 2024 | 04:41 am

    The Nifty IT index closed 0.39 per cent down at 33368.3.

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  • Use £20K to earn a £2K annual second income within 2 years? Here’s how!

    Apr 19, 2024 | 04:38 am

    Christopher Ruane outlines how he'd target a second income of several thousand pounds annually by investing in a Stocks and Shares ISA. The post Use £20K to earn a £2K annual second income within 2 years? Here’s how! appeared first on The Motley Fool UK.

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  • Technical View: Nifty forms Bullish Piercing pattern, may march towards 22,300 next week

    Apr 19, 2024 | 04:38 am

    The options data indicated that the Nifty may find resistance at 22,200 and then 22,500 mark, with support at 22,200 and 21,900 levels.

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  • Sensex rises! But these stocks fell 5% or more in Friday's session

    Apr 19, 2024 | 04:31 am

    In the Nifty pack, 29 stocks closed in the green, while 21 stocks ended in the red.

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

    Apr 19, 2024 | 04:26 am

    KM Sugar Mills, Eldeco Housing, Solara Active Pharma, Hindustan Motor and Force Motors, hit their fresh 52-week highs during the day.

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  • PMS or Mutual Funds? How returns compared

    Apr 19, 2024 | 04:24 am

    With smaller size making PMSs funds more nimble, they have also now built a healthy track record. So much so that, the returns delivered by the top PMS schemes handily beat those delivered by the top MF returns across categories, and across time periods, according to data crunched by PMS/AIF world.

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  • Wipro reappoints Azim Premji as non-executive, non-independent director; Rishad Premji as whole-time director

    Apr 19, 2024 | 04:21 am

    Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029.

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  • Stock market update: FMCG stocks down as market rises

    Apr 19, 2024 | 04:20 am

    The 30-share BSE Sensex closed up 599.34 points at 73088.33

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  • Vodafone Idea FPO: Should you participate in Vi’s cash hunt?

    Apr 19, 2024 | 04:17 am

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  • Wipro Q4 results: Management on the financial results for the fourth quarter of FY 2023-24 | LIVE

    Apr 19, 2024 | 04:17 am

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

    Apr 19, 2024 | 04:15 am

    The NSE Nifty index closed 151.16 points up at 22147.0

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

    Apr 19, 2024 | 04:10 am

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

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  • Taiwan Semiconductor Earnings: AI Dominance and Future Outlook

    Apr 19, 2024 | 04:06 am

    TSMC's first quarter earnings report reveals strong growth and a recent quarterly decline, reflecting broader trends within the semiconductor sector.

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  • Here’s what a FTSE 100 exit could mean for the Shell share price

    Apr 19, 2024 | 02:29 am

    As the oil major suggests quitting London for New York, Charlie Carman considers what impact such a move could have on the Shell share price. The post Here’s what a FTSE 100 exit could mean for the Shell share price appeared first on The Motley Fool UK.

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  • Shell hints at UK exit: will the BP share price take a hit?

    Apr 19, 2024 | 01:23 am

    I’m checking the pulse of the BP share price after UK markets reeled recently at the mere thought of FTSE 100 darling Shell leaving for the US. The post Shell hints at UK exit: will the BP share price take a hit? appeared first on The Motley Fool UK.

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  • Why I’m confident Tesco shares can provide a reliable income for investors

    Apr 19, 2024 | 01:13 am

    This FTSE 100 stalwart generated £2bn of surplus cash last year. Roland Head thinks Tesco shares look like a solid choice for dividends. The post Why I’m confident Tesco shares can provide a reliable income for investors appeared first on The Motley Fool UK.

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  • 3 shares set to be booted from the FTSE 100!

    Apr 18, 2024 | 23:55 pm

    Each quarter, some shares get promoted to the FTSE 100, while others get relegated to the FTSE 250. These three candidates could be next for the axe. The post 3 shares set to be booted from the FTSE 100! appeared first on The Motley Fool UK.

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  • £20,000 in savings? I’d buy 532 shares of this FTSE 100 stock to aim for a £10,100 second income

    Apr 18, 2024 | 23:45 pm

    Stephen Wright thinks an unusually high dividend yield means Unilever shares could be a great opportunity for investors looking to earn a second income. The post £20,000 in savings? I’d buy 532 shares of this FTSE 100 stock to aim for a £10,100 second income appeared first on The Motley Fool UK.

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  • Equity Markets Struggle to Hold onto "Go" trend as Industrials Try to Lead | Apr 15 2024

    Apr 18, 2024 | 16:50 pm

    Good morning and welcome to this week's Flight Path. The equity "Go" trend continued this week but we saw some weakness as GoNoGo Trend paints a string of weaker aqua bars to close out the week. We haven't seen a new high in a few weeks and so we will watch this week to see if the "Go" trend can hold. Treasury bond prices maintained the "NoGo" strength that we spotted last week as we saw a string of uninterrupted dark purple bars. The commodity index continued to shows strength this week as blue "Go" bars reigned supreme. The dollar also had a very strong week as it regained bright blue bars and hit new highs.Equities Hanging on by a Thread to "Go" TrendSince the last Go Countertrend Correction Icon (red arrow) have seen price struggle to go higher. Indeed, we have fallen from those highs and started to paint a more weaker aqua bars of late. This is the strongest threat to the "Go" trend we have seen in several months. GoNoGo Oscillator fell to the zero line and it has struggled to regain positive territory. In fact, we have seen it dip into negative territory and even a quick retest of that level. The oscillator was turned away by zero back into negative territory which means that momentum is out of step with the "Go" trend. We will want to see the oscillator regain positive territory if the "Go" trend is to survive.We see a first crack in the armor of the weekly "Go" trend. Another lower close was painted a weaker aqua color by GoNoGo Trend. As GoNoGo Oscillator falls from overbought territory we see a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term. If we turn our eye to the lower panel we can see that GoNoGo Oscillator is falling sharply. We will watch closely as the oscillator approaches the zero line. We will need to see the oscillator find support at that level as we know that in a healthy "Go" trend the oscillator should stay at or above zero.Rates Set Another Higher HighA week of uninterrupted strong blue "Go" bars sees price set another higher high this week on the daily chart of U.S. treasury rates. We do see a Go Countertrend Correction Icon (red arrow) which indicates price may struggle in the short term to go higher. Perhaps a pause then, as GoNoGo Oscillator turns around and heads for the zero line. As price momentum cools, and price falls from its recent high, we will watch to see if the oscillator finds support as it drops to the zero line.Dollar Soars this Week as Price Jumps to New HighsWhat a bounce for the dollar in the second half of the week. It was no surprise that price pulled back after the Go Countertrend Correction Icon (red arrow) and so as we identified a little trend weakness due to the aqua "Go" bars. It was then important to watch the oscillator panel as it tested the zero line on heavy volume (darker blue oscillator line). Quickly finding support, it rallied back into positive territory and that gave price the push it needed to gap higher twice in 3 days and cement new highs.The longer term chart shows that we have clearly broken above a strong resistance level that has been on the chart since October of 2023. With open skies ahead, and momentum surging in the direction of the "Go" trend we will look for price to consolidate at these levels and potentially move higher. GoNoGo Trend is painting strong blue "Go" bars for a 4th consecutive week.

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

    Apr 18, 2024 | 16:11 pm

    In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Tyler Wood, CMT of GoNoGo Charts. Tyler walks through their proprietary momentum model which confirms a bearish rotation for the major equity benchmarks yet a bullish rotation for the commodity space. David walks through key earnings names including LVS, NFLX, and more.This video originally premiered on April 17, 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.

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  • Intraday Trading Entry and Exit Strategies

    Apr 18, 2024 | 13:26 pm

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

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  • Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

    Apr 18, 2024 | 13:05 pm

    Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street’s […] The post Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers first appeared on AlphaStreet.

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  • PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect

    Apr 18, 2024 | 12:19 pm

    PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business […] The post PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect first appeared on AlphaStreet.

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

    Apr 18, 2024 | 12:00 pm

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

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  • What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results

    Apr 18, 2024 | 10:32 am

    Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first […] The post What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results first appeared on AlphaStreet.

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  • Comprehensive PepsiCo Stock Analysis

    Apr 18, 2024 | 09:05 am

    PepsiCo is a blue-chip dividend payer with growth in the forecast. Growth for its business and growth for capital returns which include share buybacks.

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

    Apr 18, 2024 | 08:34 am

    Video streaming giant Netflix, Inc. (NASDAQ: NFLX) is scheduled to report first-quarter 2024 financial results today after regular trading hours. Listen to Netflix’s earnings call live and check the real-time […] The post Netflix Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.

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  • Earnings Summary: Genuine Parts reports higher Q1 sales and adj. earnings

    Apr 18, 2024 | 08:04 am

    Genuine Parts Company (NYSE: GPC), a leading automotive replacement parts distributor, Thursday reported financial results for the first quarter of 2024. First-quarter sales came in at $5.8 billion, slightly higher than […] The post Earnings Summary: Genuine Parts reports higher Q1 sales and adj. earnings first appeared on AlphaStreet.

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  • Earnings Summary: Everything you need to know about Snap-on’s Q1 2024 report

    Apr 18, 2024 | 07:32 am

    Snap-on Incorporated (NYSE: SNA), a leading provider of equipment and service solutions for professional users, reported an increase in profit for the first quarter of 2024 when its sales remained […] The post Earnings Summary: Everything you need to know about Snap-on’s Q1 2024 report first appeared on AlphaStreet.

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  • CSX Co.: The Railroad Powering Ahead with an Earnings Beat

    Apr 18, 2024 | 07:20 am

    CSX Corporation, a major freight railroad, exceeded analyst expectations with its strong first-quarter 2024 earnings report.

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  • Earnings Summary: A snapshot of DR Horton’s Q2 2024 financial results

    Apr 18, 2024 | 07:03 am

    Homebuilder D.R. Horton, Inc. (NYSE: DHI) on Thursday reported higher net income and revenues for the second quarter of 2024. The company’s second-quarter net income increased 24% year-over-year to $1.2 billion […] The post Earnings Summary: A snapshot of DR Horton’s Q2 2024 financial results first appeared on AlphaStreet.

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  • 3 Steel Stocks Could Soar on New China Tariffs

    Apr 18, 2024 | 06:15 am

    As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.

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  • Bear Market Funds to Watch This Year

    Apr 18, 2024 | 06:15 am

    As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class.

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  • What's Driving Tesla Lower Ahead of its Earnings?

    Apr 18, 2024 | 05:45 am

    Faced with several challenges and negative sentiment, Tesla has experienced a turbulent 2024 so far, with its stock down close to 40%.

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  • D.R. Horton Stock Has Tailwinds To Drive it Higher

    Apr 18, 2024 | 05:30 am

    D.R. Horton had a solid quarter, with growth outpacing consensus, and the guidance improved. Cash flow is robust and drives a healthy capital return.

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  • Here are the Pros and Cons of Using Options Put Credit Spreads

    Apr 18, 2024 | 05:20 am

    In last week’s stock options article, we reviewed the pros and cons of debit spreads. When you believe a stock is going higher but want to limit your downside

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  • INFY Earnings: Highlights of Infosys’ Q4 2024 financial report

    Apr 18, 2024 | 05:04 am

    Infosys (NYSE: INFY) reported an increase in earnings for the fourth quarter of 2024 when the software giant’s revenues remained broadly unchanged year-over-year. The company also issued guidance for fiscal […] The post INFY Earnings: Highlights of Infosys’ Q4 2024 financial report first appeared on AlphaStreet.

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  • Infographic: How Alaska Air Group (ALK) performed in Q1 2024

    Apr 18, 2024 | 04:42 am

    Alaska Air Group (NYSE: ALK) reported its first quarter 2024 earnings results today. Total operating revenue increased 2% year-over-year to $2.23 billion. Net loss amounted to $132 million, or $1.05 per […] The post Infographic: How Alaska Air Group (ALK) performed in Q1 2024 first appeared on AlphaStreet.

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  • Can Netflix Stock Continue Into All-Time Highs After Earnings?

    Apr 18, 2024 | 04:32 am

    Netflix's earnings show the company's fundamentals are stronger than ever, and analyst price targets show double-digit upside ahead.

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  • These are the Top 4 Stocks for Buybacks in 2024

    Apr 18, 2024 | 04:00 am

    Share repurchases are a powerful force for share prices. Companies that buy back shares help support the market for their stocks and boost investor confidence.

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  • Planet Labs Soars Fueled by AI Data Demand

    Apr 18, 2024 | 04:00 am

    AI requires oceans of data to train models, and this insatiable demand for data has been driving revenues higher for Planet Labs.

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  • Week Ahead: NIFTY May Stay Subdued Over the Truncated Week; Defensive Play May Seem Evident

    Apr 17, 2024 | 16:29 pm

    Going into the previous week, the markets had been expected to inch higher; however, at the same time, while it was believed that incremental highs may be formed, it was also expected that a runaway move would not happen. Over the past four trading sessions, the markets traded precisely on these analyzed lines. The Nifty formed a fresh lifetime high of 22775, but at the same time, it came off from those highs as well. The trading range also got narrower as the Nifty oscillated in a 271-point range. Volatility increased slightly; IndiaVIX rose marginally by 1.72% to 11.53. The headline Index Nifty closed flat with a negligible weekly gain of 5.70 points (-0.03%).The previous week was truncated, as Thursday was a trading holiday on account of Eid-ul-Fitr. The coming week is also truncated, with Wednesday being a holiday on account of Ram Navmi. Due to this, BankNifty Options has its shortest expiry, as they would expire as early as Tuesday. The level of 22775 creates a new intermediate top for the markets; over the coming days, no runaway up move is expected so long as the Nifty stays below this point. At the same time, the nearest support for the index exists much below the current levels at 20-week MA, which is placed at 21827. By and large, the markets are likely to stay in a broad trading range.The markets may see a soft start to the week on Monday. The levels of 22650 and 22775 are likely to act as potential resistance points. The supports come in at the 22400 and 22280 levels.The weekly RSI is at 69.87; it has crossed under 70 from the overbought zone. When subjected to pattern analysis, RSI continues to show negative divergence against the price. It has also formed a new 14-period low, which is bearish. The weekly MACD is bearish and remains below its signal line.The pattern analysis shows that the Index has continued resisting the upward-rising trendline on the weekly charts. The upward-rising nature of the trendline is allowing the Nifty to form incremental highs; however, it is also providing strong resistance to the index as it tries to move higher. As of now, the Index has been resisting this pattern resistance every week, and this time it faced selling pressure as well. A bearish divergence on the RSI continues to exist; the nearest support for the Index may be found at the 20-week MA, which is placed at 21827.All in all, the risk-off setup might continue to persist for some time. Technical rebounds in the markets may be seen; however, it is strongly recommended that such rebounds be utilized to make exits and protect profits at higher levels. All fresh purchases may be kept limited to defensive pockets, and more emphasis must be placed on getting into stocks with stronger relative strength as such stocks tend to offer resilience during corrective times. Overall, while keeping leveraged exposures at modest levels, a cautious outlook 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 a loss of relative momentum among many sectors that are placed inside the leading quadrant. The Nifty PSU Banks, Pharma, and Commodities are inside the leading quadrant. However, they are seen giving up on their relative momentum against the broader markets. The Metal Index and Auto Index seem relatively better placed inside the leading quadrant.The Nifty Energy and Infrastructure indices have rolled inside the weakening quadrant. They are likely to start slowing down on their relative outperformance. Besides these groups, the PSE and the Realty indices are also inside the weakening quadrant.The Nifty IT, Media, and FMCG indices stay inside the weakening quadrant.The Nifty Financial Services, Services Sector Index, BankNifty, and Consumption Index remain inside the improving quadrant and may offer resilient performance relative to 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 Analyst www.EquityResearch.asia | www.ChartWizard.ae

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  • Semiconductors are at CRITICAL Level!

    Apr 17, 2024 | 16:22 pm

    In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Danielle Shay of Simpler Trading. Danielle speaks to the downside rotation for the QQQ, SMH, and leading growth stocks, including why the $210 level is so crucial for the SMH. Dave highlights the recent downswing for Bitcoin, the resilience of AMZN, and key levels for earnings names including UAL, JBHT, and CSX.This video originally premiered on April 17, 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.

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  • KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops

    Apr 17, 2024 | 13:12 pm

    Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full […] The post KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops first appeared on AlphaStreet.

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  • Key takeaways from Johnson & Johnson’s (JNJ) Q1 2024 earnings report

    Apr 17, 2024 | 12:02 pm

    Over the years, Johnson & Johnson (NYSE: JNJ) has constantly ramped up its portfolio and pipeline. After spinning off the consumer health business last year, the company has been focused […] The post Key takeaways from Johnson & Johnson’s (JNJ) Q1 2024 earnings report first appeared on AlphaStreet.

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  • United Airlines Soars on Earnings Beat

    Apr 17, 2024 | 11:00 am

    United Airlines' Q1 earnings demonstrate a robust recovery trajectory, with improving financials and a focus on operational efficiency and profitability.

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

    Apr 17, 2024 | 10:55 am

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

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  • Kinder Morgan Q1 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

    Apr 17, 2024 | 10:52 am

    Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) will be reporting first-quarter 2024 financial results today after regular trading hours, amid expectations for an increase in earnings and revenues. Listen […] The post Kinder Morgan Q1 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript first appeared on AlphaStreet.

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  • What to expect when Altria (MO) reports first quarter 2024 earnings results

    Apr 17, 2024 | 10:47 am

    Shares of Altria Group, Inc. (NYSE: MO) stayed green on Wednesday. The stock has dropped 8% over the past one month. The tobacco giant is scheduled to report its first […] The post What to expect when Altria (MO) reports first quarter 2024 earnings results first appeared on AlphaStreet.

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  • Will NFLX Pierce Through Resistance With Breakthrough Earnings? Here's What You Need to Know

    Apr 17, 2024 | 10:21 am

    It's showtime! On Thursday, after the stock market closes, Netflix, Inc. (NFLX) will announce Q1 earnings. The stock is close to a major resistance level. Will it break through when it reports earnings? Or will it fall? The answer depends on whether it beats or misses.Wall Street analysts expect stellar results—NFLX is expected to report adjusted EPS of $4.52 per share, well above the $2.88 in the prior-year quarter. Revenue is projected at $9.27 billion, up 13.6% from a year ago.A Longer-Term View of NFLX StockLooking at the weekly chart of NFLX (see below), the stock price is approaching its all-time high. NFLX stock is trading above its 13-week simple moving average (SMA), and its relative performance suggests NFLX is underperforming the S&P 500 ($SPX) on a weekly scale.Note: The 13-week SMA represents one quarter.FIGURE 1. WEEKLY CHART OF NFLX STOCK. NFLX has been trending higher since July 2022. Whether the stock continues in this direction depends on its earnings report. The stock is close to its 13-week SMA and is approaching a strong resistance level.Chart source: StockChartsACP. For educational purposes.If NFLX beats analyst estimates and delivers strong guidance, its stock price could reach its all-time high and have enough follow-through to rally higher. NFLX has a lot up its sleeve.Despite increasing competition from Apple (AAPL), Amazon (AMZN), Walt Disney (DIS), and Comcast (CMCSA), NFLX has maintained its leadership position in the streaming space. NFLX continues releasing more content and plans to expand its sports offerings, including the live event of Mike Tyson vs. Jake Paul this summer. There are lots of other sports content in the works, all of which are expected to appeal to a broader audience.If all goes as expected, NFLX could soar well past $700, but earnings reports can move the stock price either way. With the earnings release coinciding with an overall equity market correction, if earnings disappoint or if guidance is weak, NFLX could see a massive selloff. Some areas that could be soft are advertising revenue and the number of new memberships.If the stock price falls below its 13-week SMA, it could be a repeat of what occurred at the end of 2021 after the stock price hit its all-time high. Note how steep the descent was.A Shorter-Term ViewTurning to the daily chart, NFLX stock is trading just above its 50-day SMA, but the relative strength index (RSI), an indicator that gauges momentum, presents an intriguing picture. While NFLX's stock price was trending higher (late Jan to April 2024), the RSI (lower panel) was trending lower. This raises a red flag, since it indicates that momentum is slowing—a bearish divergence.FIGURE 2. DAILY CHART OF NFLX STOCK. The divergence between price and RSI is concerning, but that could be because investors await the earnings results before deciding to buy or sell NFLX stock.Chart source: StockChartsACP. For educational purposes.This begs a sanity check to see if NFLX is technically strong. Adding the StockCharts Technical Rank (SCTR) to the chart is helpful. The SCTR score is at around 97, which indicates that NFLX is still a strong stock (upper panel).Final ThoughtsLooking at the options quotes for NFLX in StockCharts, the implied volatility (IV) of options expiring on Friday, April 19, is around 150%. This means you can expect a lot of volatility in NFLX's stock price around the earnings date. This may explain why the RSI has declined—investors are awaiting the earnings report.There's also increased activity in the out-of-the-money call options, which indicates that the directional bias is to the upside as of this writing.FIGURE 3. OPTIONS DATA FOR NFLX. Options expiring on April 19 show high IV, with the out-of-the-money call options showing increased trading activity.Chart source: StockCharts.com. For educational purposes.The bottom line: Expect a lot of volatility in NFLX after the market closes on Thursday. If you're considering adding NFLX to your portfolio, wait until the price settles after the earnings announcement.Learn More. Want to trade options to generate additional income or hedge your portfolio holdings? Check out this video.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.

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  • J.B. Hunt Hits the Skids: Lower Prices to Come

    Apr 17, 2024 | 09:28 am

    J.B. Hunt's weak quarter spells bad news for transportation stocks and the S&P 500 this year. A pivot back to growth is coming, but not until next year.

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  • Predicting a Bear Market: 7 Signs and Why it's Tough to Do

    Apr 17, 2024 | 09:00 am

    A bear market is a decline of at least 20% in the market. Bear markets are a natural part of the overall market cycle, but they're often difficult to predict

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  • Abbott Laboratories Outlook is Healthy: Buy the Dip

    Apr 17, 2024 | 07:41 am

    Abbott Laboratories had a steady quarter, producing growth, better-than-expected earnings, and raising the guidance. Analysts see the stock moving higher.

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  • Earnings Summary: Highlights of Citizens Financial Group’s Q1 2024 results

    Apr 17, 2024 | 06:41 am

    Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported earnings for the first quarter of 2024. First-quarter underlying net income decreased to $395 million from $560 million […] The post Earnings Summary: Highlights of Citizens Financial Group’s Q1 2024 results first appeared on AlphaStreet.

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  • ASML Fires Warning Shot For Tech Investors

    Apr 17, 2024 | 06:05 am

    ASML is a leading indicator of the semiconductor industry, and its results were weak, compounded by weak net new orders and guidance that may be too optimistic.

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  • Prologis Stock Leading U.S. Logistics Boom

    Apr 17, 2024 | 04:50 am

    Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.

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  • Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains

    Apr 17, 2024 | 04:40 am

    Johnson & Johnson's Q1 2024 earnings offer a mixed picture of resilience amidst economic headwinds and provide insight into the broader medtech sector's health.

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  • Are We in a Bull Market? 4 Factors that Determine a Bull Market

    Apr 17, 2024 | 04:29 am

    With shifting economic trends, many investors are asking, "Are we in a bull market?" Gain insight into the financial landscape with the latest from MarketBeat.

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  • Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?

    Apr 17, 2024 | 04:20 am

    Lululemon's dip is potentially the best deal in the apparel industry today, analysts and institutions still see double-digit upside for the stock

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  • Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving

    Apr 17, 2024 | 04:10 am

    The crypto market has experienced a significant pullback, with Bitcoin's price dropping 10% over five days and 3.5% in the last month, ahead of its halving.

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  • Missed Taiwan Semi’s Rise? Try United Microelectronics

    Apr 17, 2024 | 04:00 am

    The semiconductor industry has been on fire thanks to the artificial intelligence (AI) trend. Semiconductor stocks within the computer and technology

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  • Bitcoin Halving Could Bring Massive Upside!

    Apr 16, 2024 | 16:42 pm

    In this edition of StockCharts TV's The Final Bar, Dave shares a brief history of Bitcoin halving and relates it to the short-term and long-term technical outlook on this significant development for cryptocurrencies. He also focuses on stocks testing their 50-day moving averages, including NFLX, SMCI, and MSTR.This video originally premiered on April 16, 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.

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  • AMD Plunges to a Critical Support Level: Is Now the Time to Go Long?

    Apr 16, 2024 | 13:38 pm

    Leading chip designer Advanced Micro Devices, Inc. (AMD) is at a critical juncture, one which could go either way depending on the dynamics of the market and its specific industry. The stock's technical and fundamental indications are not only mixed, but on opposite extremes.Now that AMD's price has fallen to a key level, bullish investors may wonder if it's wise to buy the dip or avoid a falling knife.AMD's Technical vs. Fundamental OutlookAMD's technical strength is rapidly declining: with a StockCharts Technical Rank (SCTR) score of 89.9, the chipmaker is showing up on bearish scan results, including the P&F Double Bottom Breakdown, P&F Descending Triple Bottom Breakdown, and Stocks in a New Downtrend (ADX), all of which can be found on the StockCharts Sample Scan Library.Fundamentally, a ray of light shone on Tuesday when AMD unveiled its latest new processors designed to power AI-enabled PCs—Ryzen Pro 8040 (laptop) and the Ryzen Pro 8000 (desktop)—which the company claims are the most powerful chips for business computing. If they perform as AMD expects, these chips can potentially catapult AMD's position against rivals Nvidia (NVDA) and Intel (INTC) in the generative AI arena.What are analysts saying about upside price targets? There's a vast range: from $180 to $270. To be fair, bearish analyst targets are also well below current prices, around $110 to $120. So, even if you're bullish, consider the downside projections (and why some analysts might be bearish).The Macro ViewWhile AI technology had simmered in the tech undercurrents for years, the AI arms race ignited on November 30, 2022, with OpenAI's release of ChatGPT. Powered by Nvidia's powerhouse GPUs, this watershed moment marked a seismic shift in the semiconductor industry.CHART 1. WEEKLY CHART OF AMD: The blue vertical line marks the week ChatGPT was released to the public, creating a fierce competitive environment among chipmakers.Chart source: StockCharts.com. For educational purposes.While many semiconductor stocks fell at the end of November 2022 due to geopolitical hurdles (US export restrictions to China) and general expectations of an economic slowdown, this also marked the moment when AMD began significantly underperforming NVDA (soon to become the top AI chip producer).Against NVDA, AMD is underperforming by over -68%. However, AMD managed to overtake Intel (INTC) by a stunning 731%. Relative to the Dow Jones U.S. Semiconductors Index ($DJUSSC), AMD's performance is declining, though still leading the average by 48%. And against the S&P 500 ($SPX), AMD's performance is up 238%.Looking at the technicals from a macro view, is AMD in a downtrend or a near-term dip?Is it Time to Buy the Dip?CHART 2. DAILY CHART OF AMD. AMD may be in a relatively deep decline, but the momentum, support levels, and fundamental story tell a different story. Chart source: StockCharts.com. For educational purposes.The fundamental story fueling a potential bounce is more important than the technical indications of a bullish reversal. AMD broke below support levels of $170 and (below that) $165, both bearish indications for the chipmaker.As the Relative Strength Index (RSI) steadily approaches the 30 line (which marks the oversold threshold), note the rising buying pressure, as indicated by the Chaikin Money Flow (CMF) climbing above the zero line—a signal that buyers are now entering the market.AMD is resting right above a critical Fibonacci retracement level (50%), which explains why more technically inclined buyers might have begun accumulating shares of the stock (the 61.8% to the 50% levels are often buy targets for bullish traders looking to go long).What This Means for Your PortfolioSo, does this mean you should buy the dip? It depends on how bullish you are on AMD and why you might have a bullish bias. Perhaps waiting for a stronger bounce with more significant momentum may be the thing to watch if you are. AMD is in a buying range, but how you approach accumulating the stock depends on you and your strategy.Also, note that AMD's earnings report is on April 30. Monitor the action leading to and/or following the report.The Bottom LineAMD is at a crucial juncture, balanced between tepidly bearish technical signals and promising fundamentals from its latest AI-capable processors. The broader semiconductor sector's struggles—sparked by geopolitical tensions and economic fears since ChatGPT's launch—frame AMD's precarious market stance. Whether to buy the dip hinges on whether you believe AMD can redefine its competitive edge, jump ahead of its rivals, and challenge NVDA. AMD is within buy range, but you may want to nuance your entry if you're itching to go long. Be sure to add AMD to your StockCharts ChartList.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.

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  • Is Market Breadth Signaling THE TOP?!

    Apr 15, 2024 | 17:02 pm

    In this edition of StockCharts TV's The Final Bar, Dave shows how bearish short-term breadth combined with the deterioration in long-term breadth lines up well with previous market tops. He then breaks down key levels for the S&P 500 index as well as MSFT, TSLA, and more.This video originally premiered on April 15, 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.

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  • DP Trading Room: Final Earnings are In for 2023 Q4!

    Apr 15, 2024 | 11:17 am

    Carl opens the show with a view of the final earnings results for 2023 Q4! His chart reveals whether stocks are fair valued, overvalued or undervalued. Get his take on the current readings.Carl gave us his market overview including Bitcoin, Gold Miners, Gold and Crude Oil and many more. Next up was a look at the weekly charts for the Magnificent 7 stocks. Special time was devoted to Dividend Focused ETF, TBG.Carl and Erin both discussed Metals in general with a dive into the Materials sector after Erin's sector overview.Both covered your symbol requests!00:59 Earnings Outlook03:03 Market Overview12:09 Magnificent 715:29 TBG - Dividend Focused ETF16:52 Metals Discussion19:45 Sector Overview26:16 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

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  • Are The Financials Sending Us A Major Warning Signal?

    Apr 14, 2024 | 08:42 am

    I've said for awhile that we could use some short-term selling to unwind overbought conditions and even negative divergences in some cases. I was looking for perhaps 4-5%, but it's really difficult to predict the kind and depth of selling that we'll see when secular bull markets face a downturn. Personally, I'd be shocked if this recent weakness morphs into a bear market. I'm not saying that it's not possible, but my key signals suggest it's very, very unlikely. We've seen some downside moves in the past of just 1-2% and others, like the correction last summer, that stretched to 10%. I believe earnings will be strong, but the huge move off the October 2023 low may have built in that positive news. You've probably heard that old Wall Street adage, "buy on rumor, sell on news", right? Well, that's exactly what we saw Friday, with respect to the major financials that reported quarterly results Friday morning. The earnings numbers looked pretty good on Zacks:Reported EPS was significantly higher than estimates in every case. Citigroup (C), in particular, crushed estimates, blowing them away by nearly 40%. There were revenue beats by all 6 companies as well:Again, it was C that posted the best revenue beat - nearly 4% higher than expectations. From these tremendous numbers, it's easy to NOW see why financials had performed so well. But one thing that confuses many retail traders is that strong results do not always translate into higher stock prices. Check out the quarterly earnings price reactions on these 6 stocks:Is this type of market reaction justified after seeing those quarterly results? I don't think so, but the stock market doesn't care what I think. Market makers have a job to do - build positions for their institutional clients at our expense. The short-term is NOT efficient. Prices don't do what you think they'll do. Then you get confused, believing financial stocks are dead. After they drop for awhile, you panic and sell and, after market makers get all the shares they need, financials regain their strength. This is what the stock market does. The short-term inefficiencies wear on traders, causing them to give up, and that creates supply for market makers to build their inventory. Then rinse and repeat. As the late great Yogi Berra would say, "it's deja vu all over again!"I discussed why we can't trust this selling in my latest EB Weekly Market Recap VIDEO, "Hot CPI Stokes Inflation Fears". The secular bull market remains perfectly intact. Check it out and leave me a comment. Also, please "LIKE" the video and "SUBSCRIBE" to our YouTube channel, if you haven't already. It'll help us build our YouTube community and I would certainly appreciate it.On Monday, April 15th, I'll be providing another financial stock that is poised to report excellent quarterly results. This company has been a huge leader among its peers, suggesting a blowout report ahead. If financials reverse their current weakness, I would not be surprised to see a very POSITIVE market reaction to this company's report. To receive this company and check out its chart, simply CLICK HERE to subscribe to our FREE EB Digest newsletter. There is no credit card required to join the EB Digest, just your name and email address!Happy trading!Tom

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  • S&P 500 Flashes Major Topping Signals

    Apr 12, 2024 | 19:57 pm

    Toward the bottom of my Mindful Investor LIVE ChartList, there is a series of charts that rarely generate signals. So why would I include things like the Hindenburg Omen and Coppock Curve, which are usually a nonfactor during my regular chart review, in my main list of macro charts? Because I've learned that when these rare signals do actually occur, it's best to pay attention!As I checked in on the markets this week during Spring Break, I noticed that the weekly S&P 500 chart showed that the RSI had just broken down out of the overbought region. And while the weekly PPO has not yet registered a sell signal, it finished the week by almost doing so.At major market tops, you'll usually see overbought conditions leading into peak, as prices move aggressively higher in the later stages of the bull market. The weekly RSI (bottom panel) pushed above the 70 level in mid-January, and has remained above that threshold until this week.The weekly PPO is an adaptation of Gerald Appel's fantastic MACD indicator, which uses a series of exponential moving averages to identify the primary trend and indicate trend reversals. If we would get a confirmed sell signal next week, with the PPO line crossing down through the signal line, that would be the first signal since the market peak in August 2023.Let's bring in some additional price history to consider how often this dual sell signal has triggered, and what has usually followed this bearish confirmation.This pattern has occurred ten times since the 2009 market bottom, with five of those signals resulting in some of the most meaningful drawdowns of the last 15 years. The other five times ended up being fairly brief pullbacks within a longer-term uptrend.How can we differentiate the winning signals from the less successful indications? Well, the winning signals were followed soon after by a break of the 40-week moving average, used on the weekly chart to emulate the 200-day moving average from the daily chart.During the false sell signals, we never saw a confirmed break below the 40-week moving average, as buyers seemed to come in to buy on weakness and push prices back higher. Looking forward to the coming weeks, that would mean that an S&P 500 below 4680 or so would indicate a high likelihood of much further downside for stocks.It also tells me to focus in on other macro technical indicators, using breadth indicators and the daily S&P 500 chart to further validate the short-term price momentum.S&P 5050 remains a key short-term support level, as this served as a key pivot point in February and March. As the SPX has begun an apparent rotation down to this support level, it's worth noting that the daily RSI is now below 50. The percent of stocks above the 50-day moving average is now below 50%, and the McClellan Oscillator is well below the zero level.All of these short-term signals speak of a market in a corrective phase. If and when the S&P 500 would break below its 200-day moving average (less than 500 points away after Friday's close!), that would mean the short-term deterioration has fueled enough of a breakdown to trigger our weekly sell signals.In either case, I've seen enough after this week's overheated inflation numbers to consider a much stronger downdraft as we enter the meat of earnings season. Whatever you think may come next for the S&P 500 and Nasdaq 100, now could be a perfect time to make sure you have a good exit strategy in mind!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.

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  • Keeping Up With The Jones - How Weakness in This Index May Foretell a Broader Market Correction

    Apr 12, 2024 | 19:49 pm

    The Dow Jones Industrial Average fell 2.4% last week in a move that pushes this index further below its key 50-day simple moving average. While not the most widely followed index, the Dow has continued to evolve so that its 30 components more closely represent the current economy. Amazon's (AMZN) inclusion at the end of February is the latest modification, where it joins Apple (AAPL), Microsoft (MSFT), and Salesforce (CRM) to name just a few of the heavier-weighted names.Daily Chart of Dow Jones Industrial AverageLeading this index lower last week was a 7.4% decline in J.P. Morgan Chase (JPM), which fell following the release of their first quarter earnings on Friday. While the company's results were strong, CEO Dimon's tepid outlook for growth going forward pushed the stock lower. Among the risks cited by management were high inflation and the potential for the Federal Reserve to tighten monetary policy. Geopolitical risks were also mentioned.Most notable on JPM's chart, however, was the fact that it was trading at a new high in price prior to the release of their report.  In other words, the stock was priced for perfection, such that any hint of a possible slowing of growth pushed the stock sharply lower.Currently, we are at the very beginning of earnings season and, should we see a similar reaction to well-known companies reporting results while their stock is priced at a near-term high, we could be in for some tough sledding. Netflix (NFLX) is the next well-known company due to report next week, followed by Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) the following week. Each of these stocks are trading at near-term highs and are susceptible to weakness amid any talk of a rise in interest rates.Comparative Chart of Dow, S&P 500 and NASDAQ - June 2023-CurrentAbove is a comparative chart of the Dow Jones Industrial Average versus the S&P 500 and the NASDAQ Composite. As highlighted, the Dow led the markets into a new uptrend, which began in early November. More recently, many of those winning stocks from the Dow are now in downtrends, after closing below their key 50-day simple moving average.These winners were from a broad cross-section of sectors, such as Industrials, Financials, and Consumer Discretionary, and include Home Depot (HD) and J.P. Morgan (JPM), to name just two. My screening showed the weakness that had been spreading in these sectors, as I removed several Retailers from my MEM Edge Report Suggested Holdings List over the past several weeks and took off Bank stocks earlier this week. The deterioration among these Discretionary, Financial, and Healthcare stocks from the Nasdaq and the S&P 500 may be harder to spot, given the large number of names in their index; however, my MEM Edge Report has been detailing the weakness for weeks now.Most important at this time is the fact that both the Nasdaq and S&P 500 are hovering above key support, and you'll want to preserve profits should we see a downtrend develop. While interest rates are a key determinant of investor sentiment, earnings reports have been proven to be more impactful. If you'd like to be kept up to date on the condition of the broader markets, as well as how to handle stocks depending on your investment horizon, use this link here to access my twice weekly report for 4 weeks for a nominal fee.Warmly,Mary Ellen McGonagleMEM Investment Research

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  • Stay Ahead of the Markets with AUTOMATED Portfolio Reports

    Apr 12, 2024 | 18:20 pm

    Staying on top of your portfolio in a fast-moving market can be a challenge. On this week's edition of StockCharts TV's StockCharts in Focus, Grayson shows you how to make things easier on yourself with automated ChartList Reports for your portfolio. You'll learn how to create a list full of the stocks, ETFs, and other securities you own, then turn on end-of-day or end-of-week performance reports that get sent to you automatically after the close. This is one of the simplest ways to improve your market monitoring and investing decisions no matter where you are or what pulls your attention away from the markets.This video originally premiered on April 12, 2024. Click on the above image to watch on our dedicated StockCharts in Focus page on StockCharts TV.You can view all previously recorded episodes of StockCharts in Focus at this link.

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  • MEM TV: Time To SELL EVERYTHING?!

    Apr 12, 2024 | 18:11 pm

    In this episode of StockCharts TV's The MEM Edge, Mary Ellen shares key signals that it's time to sell a stock, using INTC as an example. She also reviews a key area of support for the markets, and new sectors that have entered a downtrend. She finishes up by showing how to compose a watchlist of names that can be bought once market pressures recede.This video originally premiered April 12, 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.

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