Stock Market News and Analysis Live Today: The Ultimate Source

‘She screamed and raged at me’: I have power of attorney for my mother’s $3 million estate — but my sister feels sidelined. How do I get her off my back?

“I want to act ethically and responsibly on behalf of our mother.”

Wealthier people aren’t splurging the way they used to. ‘They are losing steam.’

People who make over $100,000 are finally joining the cutback club, new data show.

You have enough money, but you never stop worrying about it. What gives?

‘You can think too much about the trappings of money’: If you let money rule you, it can ruin you.

With a spare £380, I’d start buying shares with these 3 steps

Our writer uses his stock market experience to explain how he would start buying shares now with just a few hundred pounds to invest. The post With a spare £380, I’d start buying shares with these 3 steps appeared first on The Motley Fool UK.

The stock market’s cruel summer is about to get much worse

Bears control the S&P 500 now. Plus: This small stock trades like it could have big news.

Why Call Options Volume for These 2 Stocks Spiked Together

Call option traders have placed a $2 million bet on two stocks that are highly co-dependent today, Wall Street analysts agree with the trade and see upside

Here’s how I’d invest £8K to target annual passive income of £1,100

Christopher Ruane explains how he would invest £8,000 over the coming decade to try and set up passive income streams of £1,100 per year. The post Here’s how I’d invest £8K to target annual passive income of £1,100 appeared first on The Motley Fool UK.

SEBI exposes the reality of 'intraday trading'

REC Q1 net profit grows 16.57 pc to Rs 3460.19 cr

REC saw a 16.57% rise in its consolidated net profit, reaching Rs 3,460.19 crore in the June quarter. The total income was Rs 13,092.44 crore, up from Rs 11,108.16 crore a year ago. The board approved an interim dividend of Rs 3.50 per share, and the REC subsidiary Khavda II-D Transmission has been dissolved.

NTPC Q1 Results: Standalone PAT rises by 11% YoY, revenues up 13%

NTPC Quarter 1 Results: The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.

IDFC First Bank Q1 Results: Profit falls 11% to Rs 681 crore, NII jumps 25%

The pre-provisioning operating profit rose 25.5% to Rs 1,882 crore as compared to Rs 1,500 crore in the corresponding quarter of the previous fiscal year. During the quarter, IDFC First Bank's GNPA came to 1.9%, a drop of 2 bps sequentially. The net NPA rose up marginally by 1 bps to 0.59% quarter-on-quarter.​

Coal India board fixes August 16 as record date for final dividend

Coal India Dividend: The company further mentioned that the payment of the dividend to the eligible equity shareholders will also be done on August 16, i.e, the record date.

REC declares interim dividend of Rs 3.50. Check record date

Additionally, the company has also informed that the record date for the purpose of determining the eligible shareholders for the dividend payout has been fixed as August 9.

ICICI Bank Q1 Results: Profit jumps 15% YoY to Rs 11,059 crore, NII up 7%

ICICI Bank Q1 Results: The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.

TCI Q1 results: Net profit up 10% to Rs 92 crore

The Transport Corporation of India (TCI) reported a 10% increase in consolidated profit after tax, reaching Rs 91.6 crore for the quarter ending June 30, 2024. Revenue also rose to Rs 1,056 crore. The company's growth was seen across various segments, including coastal shipping and cold chain logistics, with significant investment in infrastructure to enhance efficiency.

The Art of Stock-Picking: Joel Tillinghast's guide to long-term investment success

Tillinghast believes that to achieve great long-term portfolio performance, an investor doesn't need to pick the most exciting stocks or be bold and daring in their choices.

Dividend stocks: Vedanta, Ultratech among 100 stocks to trade ex-dividend next week. Do you own any?

Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.

FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment

The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26).

My portfolio is ready for a 2024 stock market correction

This Fool explores the benefits of being prepared for a stock market correction and considers which shares he plans to buy if one happens this year. The post My portfolio is ready for a 2024 stock market correction appeared first on The Motley Fool UK.

Here’s how Digital Public Infrastructure (DPI) reforms will revolutionise stock market

The digitization of agricultural lands under DPI will allow the government to maintain comprehensive and accurate records of farming land across the country.

The Rolls-Royce share price is down 10% since a 52-week high. Is this a buying dip?

H1 results from Rolls-Royce are just around the corner, but what might they mean for the share price? I expect optimism, for now. The post The Rolls-Royce share price is down 10% since a 52-week high. Is this a buying dip? appeared first on The Motley Fool UK.

5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth?

A falling share price has supercharged the dividend yield on this FTSE 100 share. Here's why it could be a great passive income share for years to come. The post 5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth? appeared first on The Motley Fool UK.

Q1 results today: ICICI Bank, Dr Reddy's among 34 companies to announce earnings on Saturday

Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.

5 world market themes for the week ahead

Central banks from the U.S., Japan, and Britain reassessed lending rates, while the U.S. tech earnings' impact and Venezuela's presidential elections took center stage. The Fed's rate cut expectations and Big Tech's performance were key focuses. Venezuela voted amid economic shifts and potential U.S. sanctions. Stay informed on this pivotal financial and political landscape.

US inflation data lifts global stocks, lowers Treasury yields

Global equities rebounded on Friday as U.S. economic data indicated improving inflation, which lowered Treasury yields. The PCE price index rose 0.1% in June, aligning with expectations and raising confidence in potential Fed rate cuts. Wall Street saw notable gains, with the Dow rising 1.64%, while oil prices dropped due to Chinese demand concerns.

Wall Street closes up on revival supported by inflation data, tech stocks

Wall Street indexes closed higher on Friday, with tech megacaps rebounding after mid-week sell-offs. Inflation data fueled optimism for potential Federal Reserve interest rate cuts. The Dow Jones ended positive for the week, boosted by 3M's forecast increase. However, Tesla and Alphabet saw declines. Key tech earnings next week may influence market direction.

Recovery Rally In Stock Market Offers Hope: What You Need To Watch

Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn't necessarily mean that everything is OK going into next week. Wall Street seems to be in whiplash land, veering from one market area to another. The Dow Jones Industrial Average ($INDU) closed higher by 1.64%, providing a boost to Industrials. The Nasdaq Composite ($COMPQ) and S&P 500 ($SPX) closed mid-range. That all indexes closed above their Thursday lows is encouraging and a good way to end a week that looked like it could end in doom. Softer Inflation Data Sheds OptimismIt's possible the June Personal Consumption Expenditure (PCE) price index was the catalyst behind the recovery rally. The PCE rose 0.1% month over month and 2.5% year over year. The core CPI rose 0.2% month over month and 2.6% year over year. The data suggests that inflation is slowly converging toward the Fed's 2.0% target. So, perhaps the soft landing scenario will become a reality. Let's wait to hear what Fed Chair Powell says next week.The S&P 500 bounced off the 50-day simple moving average (SMA) and touched the October–April trendline at its high but closed lower (see chart below). Will the trendline act as a strong support level for the index to conquer?CHART 1. UPTREND IN THE S&P 500 SINCE OCTOBER 2023. The S&P 500 is in an important area, and investors should watch to see if it breaks above or below the trendline or moving average. Chart source: StockCharts.com. For educational purposes.The long-term trend is still looking strong, but given that the next few months is a seasonally weak period, expect the market to correct. As long as it stays above its 25-week SMA and the SMA is trending higher, the long-term trend will be bullish. The Nasdaq was hard hit on Wednesday and Thursday, and Friday's recovery didn't take the index above its 50-day SMA (see chart below). It's still looking indecisive as it straddles below the 38.2% Fibonacci retracement level (see chart below). CHART 2. DAILY CHART OF NASDAQ COMPOSITE WITH FIBONACCI RETRACEMENT LEVELS. The Nasdaq failed to break above its 38.2% Fibonacci retracement level. Let's see what next week brings. Chart source: StockCharts.com. For educational purposes.Where Are Investors Flocking?The Dow Jones Industrial Average, which got hit hard after hitting a new high on July 17, was the big winner on Friday. And since the S&P 400 midcap index has a high concentration of Industrials, the S&P 500 Mid Cap Index ($MID) got a boost. Small-cap stocks also rose, with the S&P 600 Small Cap Index ($SML) hitting a new 52-week high. Does this mean that undervalued small caps are a good place to park your cash while the mega-cap indexes go through their correction? It may be worth considering, given that most of the big tech companies reporting next week are looking weak technically. So, what's going well? The cooling inflation data increased expectations of interest rate cuts which helped bank stocks. While the broader equity indexes were struggling, the KBW Bank Index ($BKX) saw a mild correction followed by a rally (see chart below). The index closed at a new 52-week high.CHART 3. KBW BANK INDEX HITS NEW 52-WEEK HIGH. Expectations of cuts in interest rates this year sent bank stocks higher. Chart source: StockCharts.com. For educational purposes.The stock market is forward-looking, so it's important to pay attention to what comes next. We're entering a week of heavy earnings from some big mega-cap tech stocks. There's also the Fed meeting. While no rate cuts are expected in next week's meeting (the CME FedWatch Tool shows a 95.3% probability of no rate cuts in July), investors will listen closely to Chairman Powell's comments during his presser. Next week is also an economic data-heavy week with July Manufacturing PMI and Non-Farm Payrolls. Both will give some indication of the US economic landscape. Expect some market volatility next week. Although the Cboe Volatility Index ($VIX) eased on Friday, it's still high, relatively speaking. Each day in the market is different. Take each day as it comes. End-of-Week Wrap-UpS&P 500 closed down 0.83% for the week, at 5459.10, Dow Jones Industrial Average up 0.75% for the week at 40,589.34; Nasdaq Composite closed down 2.08% for the week at 17357.88.$VIX down 0.79% for the week closing at 16.39Best performing sector for the week: UtilitiesWorst performing sector for the week: Consumer DiscretionaryTop 5 Large Cap SCTR stocks: MicroStrategy, Inc. (MSTR); Carvana Co. (CVNA); Insmed Inc. (INSM); Tenet Healthcare Corp. (THC); Arm Holdings (ARM).On the Radar Next WeekFOMC meetingMay S&P/Case-Shiller Home Price MoMJune JOLTs ReportJuly Manufacturing PMIJuly Non-Farm PayrollsEarnings from Advanced Micro Devices (AMD), Apple, Inc. (AAPL), Amazon.com, Inc. (AMZN), Coinbase Global Inc. (COIN), Intel Corp. (INTC), Meta Platforms (META), Microsoft Corp. (MSFT), On Semiconductor Group (ON), Snap Inc. (SNAP), and many more.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.

Flying Financials. Will It Be Enough?

Flying FinancialsIn the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the relative move.On the RRG above, I have highlighted the (daily) tail for XLF to show how it stands out from the other sectors.On the weekly RRG, XLF is still positioned inside the lagging quadrant but has started to curl back up on the back of the recent strength.The start of the rotation out of Technology translates into a tail for XLK, which has started to roll over inside the leading quadrant. With increased weakness for Technology, Communication Services, and Consumer Discretionary showing on the daily RRG, it now becomes a balancing act to match this rotation with the one seen on the weekly RRG.Technology Still Carries a Lot of WeightLet's start at the top, the weekly time frame. Technology is still inside the leading quadrant and has just started to roll over. There is nothing unusual or alarming from this rotation on its own. What is unusual, and at least a bit worrisome, is the high concentration of tails on the opposite side inside the lagging quadrant. This image tells the story of narrow breadth, which I have mentioned in articles and blogs.Information Technology, on this weekly RRG, still carries the weight of the entire market.On the daily RRG, the situation is the exact opposite. XLK has rapidly rotated into the lagging quadrant. XLY is inside weakening and heading for lagging, while XLC is on a very short tail inside, lagging with this week's node picking up relative momentum. ALL other sectors have rotated into the leading quadrant at long tails led by Financials and Real Estate.This raises the question: Is the strong rotation on the daily RRG the start of a bigger rotation, which will drag XLK out of the leading quadrant on the weekly RRG, and will this benefit the other sectors? Or is this rotation on the daily RRG just an intermezzo, and will the rotations that have started on the weekly RRG be completed on their respective sides of the chart and maintain their long-term relative trends?Rotation To Other Sectors or Out of the Market?From the RRGs alone, I feel that Technology has become top-heavy and needs a break. Money has started to rotate out of the sector, which is likely not over yet. With the market capitalization remaining so split between tech and anything else, it is very well possible that the other sectors will now take over and help $SPX stay afloat. In that case, we will see broader participation, with all sectors minus tech, but still a market under pressure.But this only works when the money remains in the stock market, i.e., true sector rotation. It's a different story when money starts to move out of the market ($SPX).Stocks vs. Bonds Tell a StoryWhen I compare stocks and bonds, we see a clear rotation out of stocks (SPY) into bonds (GOVT) in the daily time frame.Here, the weekly picture is also not as pronounced, but the first cracks are visible.On the straight 1-1 comparison between SPY and IEF, we get a bit more clarity.This week (one more hour of trading to go), the SPY:IEF ratio is breaking down from its rising channel, which has been in place since October 2023. It is breaking the rising support line and the previous low (double support), while the negative divergence between price and RSI is now executing/triggering with a break below the previous low in the RSI.So, all in all, it leads me to believe that we are facing, at least, a few weeks of sideways to lower movement for the S&P 500. To maintain the long-term uptrend, the market must catch the outflow from large-cap growth/Technology stocks and regroup during this period. Preferably, it should build a stronger base in terms of the number of sectors and stocks that contribute to a renewed or continued rally in the S&P 500.For now, caution and careful money management are key.#StayAlert and have a great weekend. --Julius

Electronic Arts (EA) will report its Q1 2025 earnings results next week, here’s what to expect

Shares of Electronic Arts Inc. (NASDAQ: EA) rose over 1% on Friday. The stock has gained over 12% over the past three months. The video game company is slated to […] The post Electronic Arts (EA) will report its Q1 2025 earnings results next week, here’s what to expect first appeared on AlphaStreet.

Earnings Summary: Franklin Resources reports 8% growth in Q3 2024 revenue

Asset management company Franklin Resources, Inc. (NYSE: BEN) on Friday reported an increase in revenues for the third quarter of fiscal 2024. Third-quarter net income decreased to $174.0 million or […] The post Earnings Summary: Franklin Resources reports 8% growth in Q3 2024 revenue first appeared on AlphaStreet.

Earnings Summary: Centene Corp’s Q2 2024 revenue and profit increase

Healthcare service provider Centene Corporation (NYSE: CNC) on Friday announced second-quarter 2024 results, reporting an increase in revenues and adjusted earnings. Total revenues advanced to $39.84 billion in the second […] The post Earnings Summary: Centene Corp’s Q2 2024 revenue and profit increase first appeared on AlphaStreet.

3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In

3M's fall from grace is at an end, the stock rebound is gaining momentum after better-than-expected results that point to growth and distribution increases.

Skechers Stock Shows Strength Among Consumer Discretionary Sector

Skechers is looking to stand out in the middle of a bearish selloff in footwear and apparel names like Nike and Lululemon, analysts call for double-digit upside

Tech Stocks Tumble, These Stocks Present Buying Opportunity

CRWD, AMD, and HUBS have all dropped close to or over 30% from their 52-week highs, raising questions about potential buying opportunities.

Leading Healthcare Provider Stock Soars on Earnings Beat

Molina Healthcare's Q2 earnings and strategic acquisitions fuel a surge in its stock price, signaling the potential for continued growth.

AstraZeneca Shares Fall Despite EPS Beat and Raised Guidance

AstraZeneca beat earnings-per-share (EPS) estimates and raised guidance, but shares still fell. Investors should watch for developments around the drug Enhertu.

Key takeaways from Visa’s Q3 2024 earnings report

Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in […] The post Key takeaways from Visa’s Q3 2024 earnings report first appeared on AlphaStreet.

HOG Earnings: Highlights of Harley-Davidson’s Q2 2024 results

Motorcycle manufacturer Harley-Davidson (NYSE: HOG) Thursday reported a double-digit increase in sales and net profit for the second quarter of 2024 amid strong shipment growth. Consolidated net income climbed to […] The post HOG Earnings: Highlights of Harley-Davidson’s Q2 2024 results first appeared on AlphaStreet.

After the Tech Bloodbath: Ways to Strategize Your Portfolio

Wednesday's price action in the stock market indicated that fear is back. The Cboe Volatility Index ($VIX) closed up by over 22%, the biggest percentage move for the year. There's a chance volatility could remain elevated for the near term—it's the middle of earnings season, the November election landscape has changed, and it's a seasonally weak period for equities. On Wednesday, the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) experienced the worst trading day of the year. The Nasdaq Composite was hit hard, closing lower by 3.64%. From a big-picture point of view, how much damage did the drop do? Let's look closely at the price action in the Nasdaq Composite, starting with the weekly chart. The Macro View of the NasdaqLooking at a five-year weekly chart below, the uptrend that commenced in October 2023 is still in play. The moving averages overlaid on the chart are adjusted to reflect support levels for the uptrend since October 2023. The short-term uptrend followed the eight-week exponential moving average (EMA). In April 2024, the Nasdaq Composite bounced off the 25-week simple moving average (SMA), and in October, the index bounced off its 48-week SMA. CHART 1. WEEKLY CHART OF NASDAQ COMPOSITE. Will the Nasdaq find support at its 25-week moving average? Chart source: StockCharts.com. For educational purposes.On Wednesday, the Nasdaq Composite broke below its eight-week EMA, the first alarm bell indicating that things may not be great in AI land. The following day, the selloff continued in the early part of the trading day but recovered some losses. If the selloff continues, the next point to watch would be the 25-week SMA which corresponds closely with the support of the last previous weekly high. Will the Nasdaq bounce off this level similar to what it did in April or will it continue lower and bounce off its 48-week SMA like it did in October? Or will the Nasdaq honor the support level of previous highs and lows (blue dashed lines)? Any of the scenarios could play out, or, as is characteristic of the stock market, it could do something unique. A Shorter-Term View of the NasdaqLet's turn to the daily chart (see chart below) to zero in on that first support level on the weekly chart, 16,670. To hit that level, the Nasdaq Composite will have to fall between the 100-day SMA and the 61.8% Fibonacci retracement level. You can see from the chart that the Nasdaq approached its 50% Fib retracement level but reversed and moved back up to the 38.2% retracement level. CHART 2. DAILY CHART OF NASDAQ COMPOSITE. The index recovered. The question is, will it sustain? Chart source: StockCharts.com. For educational purposes.If VIX remains elevated, expect more sizable movements in the Nasdaq and other equity indexes. The Personal Consumption Expenditure (PCE) for June drops on Friday.Earnings VolatilityEarnings had a lot to do with this week's price action. Alphabet (GOOGL) and Tesla (TSLA) reported on Tuesday after the close. Even though GOOGL beat earnings expectations, the decline in YouTube revenues led investors to sell the stock. TSLA earnings missed estimates, with the stock closing lower by 12.33%. Next week, we'll hear from more Mag 7 companies. Given that investors are getting jittery about tech stocks, the companies have to produce incredibly strong earnings reports. Even one negative report can send the stock price and the entire stock market lower.Assuming that equities fall further—it's a fair assumption given that a correction is expected—what kind of investment strategy should you apply? Your first thought may be bonds, but they're not showing signs of strength. Bond prices fell on Wednesday along with stocks. Commodities and cryptocurrencies aren't showing signs of enthusiasm either.Small-Cap StocksSmall-cap stocks are outperforming large-cap stocks, as displayed in the chart of the ratio between iShares Russell 2000 ETF (IWM) and the SPDR S&P 500 ETF (SPY) below. Compare the price action to what occurred between December 2023 and January 2024. The S&P chart in the lower panel doesn't show a sizable correction during that period. But no two periods are alike so it's best to keep a close watch on the different moving parts of the stock market. CHART 3. SMALL CAPS VS. LARGE CAPS. Small caps are outperforming large-cap stocks, although it doesn't necessarily mean that large caps will pull back significantly. It's still worth watching this chart. Chart source: StockCharts.com. For educational purposes.IWM is made up of small-cap US stocks. Interestingly, one of the top holdings in IWM is Insmed Inc. (INSM), a stock with a high StockCharts Technical Rank (SCTR) score. It also has an interesting chart pattern (see chart below).CHART 4. DAILY CHART OF INSMED INC. (INSM). The chart gapped about its previous all-time high in 2021 and is now consolidating. With a strong SCTR score, will the stock maintain its strong position? Chart source: StockCharts.com. For educational purposes.The stock price gapped up above its February 2021 all-time high and has continued moving higher. It's now consolidating. Watch for the stock to break out above the descending triangle pattern (blue dashed lines) or to reach the support of its 25-day SMA. An upside follow-through from either of these patterns could make this a strong trading candidate. So, set your alerts on StockCharts so you don't miss this one. You could do a similar analysis on other top IWM holdings, such as FTAI Aviation Ltd. (FTAI), Vaxcyte Inc. (PCVX), and Sprouts Farmers Market Inc. (SFM).Other Market Segments To Consider   Other areas of the market worth considering are value stocks. Bring up a ratio chart of the iShares Russell 1000 Value ETF (IWD) to the iShares Russell 1000 Growth ETF (IWF). Regional banks are also performing well. Bring up a chart of the SPDR S&P Regional Banking ETF (KRE). If this catches your attention, head to the StockCharts Symbol Summary page, type in KRE, and start your research. The Profile section has a link to the ETF page from where you can find the top holdings. Closing PositionIf volatile conditions persist in the market for the next month or so, you'll need to develop a strategy[…]

Bargain Alert: 3 Stocks Worth Watching While The Market Cools

For those of us on the sidelines who remain bullish on equities through the rest of the year and into 2025, this is an entry opportunity.

Earnings: Ford Motor Company Q2 2024 adj. profit falls; revenue up 6%

Ford Motor Company (NYSE: F) reported a modest increase in sales for the second quarter of 2024. Meanwhile, adjusted earnings of the car maker declined sharply. June quarter revenue increased […] The post Earnings: Ford Motor Company Q2 2024 adj. profit falls; revenue up 6% first appeared on AlphaStreet.

Beauty Retailer Stock Brings Early Christmas for Value Investors

Shares of Ulta have become a value investor target lately, with solid financials and fundamentals to back the future of the stock, Wall Street analysts boost

Chipotle Mexican Grill (CMG) Earnings: 2Q24 Key Numbers

Chipotle Mexican Grill, Inc. (NYSE: CMG) reported total revenues of $3 billion for the second quarter of 2024, which was up 18.2% year-over-year. Comparable restaurant sales increased 11.1%.   Net […] The post Chipotle Mexican Grill (CMG) Earnings: 2Q24 Key Numbers first appeared on AlphaStreet.

Key metrics from Southwest Airlines’ (LUV) Q2 2024 earnings results

Southwest Airlines Co. (NYSE: LUV) reported its second quarter 2024 earnings results today. Total operating revenues increased 4.5% year-over-year to $7.4 billion. Net income decreased 46.3% to $367 million, or […] The post Key metrics from Southwest Airlines’ (LUV) Q2 2024 earnings results first appeared on AlphaStreet.

AbbVie Q2 2024 adj. profit drops despite higher revenues; results beat

Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Thursday announced second-quarter 2024 financial results, reporting a decline in adjusted earnings and an increase in revenues. The numbers exceeded estimates. The company […] The post AbbVie Q2 2024 adj. profit drops despite higher revenues; results beat first appeared on AlphaStreet.

Enphase Energy Stock: Growth in the Renewable Energy Transition

Enphase Energy navigates a complex market environment, focusing on innovation and global expansion to capitalize on the growth of the renewable energy sector.

Earnings Season Sell-Off: Is This Tech Giant a Buy?

Shares of Alphabet (Google) are down by nearly 5% on the day after the company released its second quarter 2024 earnings results, but Wall Street sees otherwise

How to Trade a Poor Man’s Covered Call Strategy For Income

There are many income strategies you can execute with stock options with varying levels of complexity and risk. One of the most popular is the covered call

Hasbro (HAS) Q2 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported its second quarter 2024 earnings results today. Net revenues decreased 18% year-over-year to $995.3 million. Net earnings attributable to Hasbro Inc. were $138.5 million, or […] The post Hasbro (HAS) Q2 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

1-2-3 Reversal Pattern: What It Is and How to Use It

In this exclusive StockCharts TV video, Joe explains the 1-2-3 reversal pattern, its criteria, and what it will take for QQQ to complete the pattern. He also discusses how the pattern is not always as clean as we would like. Joe then shares a few Crypto markets which are starting to perk up again. Afterwards, he covers the IWM, plus highlights a few stocks from a specific sector showing recent strength.This video was originally published on July 24, 2024. Click this link to watch on StockCharts TV.Archived videos from Joe 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.

Earnings Preview: AMD likely to report higher revenues and earnings for Q2

In recent years, semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) constantly strengthened its portfolio through new products and acquisitions. Currently, it is focused on integrating artificial intelligence technology into […] The post Earnings Preview: AMD likely to report higher revenues and earnings for Q2 first appeared on AlphaStreet.

Small Caps Surge, Markets React to TSLA & GOOGL Earnings

In this edition of StockCharts TV's The Final Bar, Dave previews earnings releases from TSLA and GOOGL, breaks down key levels to watch for SPOT, GE, and more, and analyzes the discrepancy between S&P 500 and Nasdaq breadth indicators.This video originally premiered on July 23, 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.

Can Small and Mid-Caps Save the Market?

In this video from StockCharts TV, Julius takes a look at the markets through the lens of the "market factors" panel you can find on your StockCharts dashboard. Starting from the RRG, he then moves to the individual charts for these factors and notes a low correlation for small-cap value stocks. This makes them a good group to look in for new (buying) opportunities, as they seem to be moving relatively agnostic to the moves in the S&P 500 and S&P composite indices.This video was originally broadcast on July 23, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.Past episodes of Julius' shows can be found here.#StayAlert, -Julius

The Stock Market is Bracing for Earnings IMPACT!

In this edition of StockCharts TV's The Final Bar, Dave breaks down today's upside recovery day for stocks, then shares the charts of TSLA, NVDA, and more. He also illustrates the conflicting messages from AAII and NAAIM sentiment surveys, and also highlights the VIX testing the key 15 level.This video originally premiered on July 22, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

CrowdStrike: Did On-Balance Volume See the "Largest IT Outage In History" Coming?

Friday's CrowdStrike software disaster has been described as "the largest IT outage in history," and it brought home just how vulnerable the planet is to itty-bitty coding errors. We were busy publishing the DecisionPoint ALERT Weekly Wrap, so I didn't have a chance to look at the chart until this morning, but what a surprise it was when I saw the sharp OBV negative divergence set up following the high volume on June 21.The On-Balance Volume (OBV) indicator has been around since the 1960s, but my impression is that it is not widely used. This is probably because the inventor, the late Joe Granville, was such bombastic figure. Nevertheless, I cut my teeth on OBV in the 1980s and have found that OBV divergences are extremely helpful. The problem with OBV is that it is kind of like watching grass grow -- divergences are not frequent occurrences. OBV is simple to calculate. The total day's volume is added or subtracted to/from the running OBV total based upon whether price closes up or down.On the chart, we can see that CRWD broke to new, all-time highs in June. Then, on June 21, it traded down on extremely high volume, setting up the top of an OBV negative divergence. CRWD went on to make another all-time high on July 9, and the same day a lower OBV top set the negative divergence. Also on that day, the PMO crossed down through the signal line (crossover SELL Signal). We see that things started to really deteriorate on Wednesday, and, on Friday, the genie popped out of the bottle.OBV divergences are usually much more subtle, so this is not what I would call a "textbook" case. Nevertheless, from the all-time high last week to Friday's low, CRWD declined about -28%, and the chart had plenty of solid, not-so-subtle red flags. This chart makes a good case for OBV in particular, and technical analysis in general.-- Carl SwenlinLearn 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

Important Market Breadth Indicators to Watch: Making Sense of Three Consecutive Down Days

Seasonally, the first two weeks of July have been great for the stock market. Now that the first two weeks of July are behind us, will the stock market take a breather until September? After how the market acted this week, it certainly feels that way.Let's start with a synopsis of the broader indexes, followed by an analysis of market breadth indicators.A July Pullback?This week, there were some dynamics in the financial markets worth pondering. The S&P 500 index ($SPX) hit a record high on Tuesday and then gapped lower on Wednesday, with the selloff continuing on Thursday and Friday. Three substantial consecutive down days triggered fears among investors and led to a selloff in large-cap mega-growth tech stocks.The Nasdaq Composite ($COMPQ) was hit the hardest. The daily chart of the Nasdaq below paints a picture of the magnitude of the selloff. CHART 1. THE NASDAQ SELLOFF. The Nasdaq Composite went through a significant selloff for three consecutive days.Chart source: StockCharts.com. For educational purposes.The selloff on July 11, a 1.95% drop, indicated how much the Nasdaq Composite could drop in one day. That's to be expected when the index is as toppy as it is. On a positive note, the Nasdaq is still trading above its 50-day simple moving average (SMA).Semiconductor weakness brought down the Nasdaq and S&P 500. The strong bull rally in the stock market stemmed from the strength in semis, but the narrative changed this week.The chart of the VanEck Semiconductor ETF (SMH) paints a grim picture of the fall in semiconductor stocks. SMH has broken below two important levels. One is the support level from previous lows. The second and more concerning one is that it dropped below its 50-day SMA and closed at the lower end of the candlestick bar.CHART 2. DAILY CHART OF THE VANECK VECTORS SEMICONDUCTOR ETF (SMH). The ETF has broken below the support of its previous lows and the 50-day SMA. The next level to watch is the 100-day SMA.Chart source: StockCharts.com. For educational purposes.And while the S&P 500 and Nasdaq gapped lower, things were slightly different with the Dow Jones Industrial Average ($INDU). On Wednesday, the index hit an all-time high, but followed the S&P 500 and Nasdaq with a downward move on Thursday and Friday.Can Small Cap Stocks Hold Their Ground?If you were tuned in to the media, you'd have heard the word "rotation" mentioned several times. While the big broad indexes were selling off, small-cap stocks rose out of their slumber. Were investors selling off their big winners and investing in small caps? It's possible, given that interest rate cuts will likely occur in 2024.But, on Friday, small caps also joined in the selloff (see chart below). However, the S&P 500 Small Cap Index ($SML) didn't break the support level of its previous highs. The lower panels show that market internals are weakening, so it's possible that small caps can fall below the blue-dashed support level if there's more of the same next week.CHART 3. SMALL CAPS SELLOFF BUT HAVEN'T BROKEN BELOW SUPPORT. The market internals in small-cap stocks are weakening, which could lead to the index falling below its support level.Chart source: StockCharts.com. For educational purposes.It was an all across-the-board sell-off. Even precious metals and bond prices fell. Very little of the market was in green territory on Friday. Head to the Market Summary page on your StockCharts platform and scroll down the long list, and you'll see there are a few greens in a sea of red.Homebuilders, regional banks, and biotechs were some of the more relevant industries in the green. And, of course, cryptocurrencies were the winners, with Bitcoin leading the pack.The Rise in VolatilityGiven the magnitude of this week's selloff, it's no surprise the CBOR Volatility Index ($VIX) spiked higher. This suggests that fear amongst investors is on the rise. The bigger question is if this will remain this way for a while. The chart of the VIX below shows that it pulled back slightly toward the end of the trading day.CHART 4. WATCH THE VIX. The VIX is a great fear gauge. The last time it spiked was when the S&P 500 corrected. Will this time be similar, or will it go even higher?Chart source: StockCharts.com. For educational purposes.More important, notice how the VIX reacted in April 2024, the last time it spiked. That was when the S&P 500 corrected to its 100-day SMA, after which it resumed its uptrend. Can we expect a similar situation to take place this time? It's possible, although this time it may be more important to see if the S&P 500 falls below its 50-day SMA.It Helps to Look at Stock Market InternalsIn the daily chart of the S&P 500 below, you see the index is trading above its 50-day SMA. So far, breadth indicators suggest that the bullish trend is still in play.CHART 5. MARKET BREADTH INDICATORS AREN'T SIGNALING A BEAR MARKET YET. The S&P 500 is still above its 50-day SMA. Market breadth indicators, NYSE Advance-Decline Line, Percent of S&P 500 stocks trading above their 50-day SMA, and the S&P 500 Bullish Percent Index are showing signs of slowing down, but not necessarily weakness.Chart source: StockCharts.com. For educational purposes.Points to note in the above chart are as follows:The NYSE Advance-Decline Line is starting to show signs of weakening but, relatively speaking, it's still high.The percentage of S&P 500 stocks trading above their 50-day SMA is above 50, although it also is starting to trend lower.The S&P 500 Bullish Percent Index is flattening out.All three breadth indicators are indicating a slowing-down, but market breadth isn't weak. Compare this with what happened in April. Let's focus on the area between the two blue dashed vertical lines.The NYSE Advance-Decline line was in a downward trajectory, flattened out, and reversed.The percentage of S&P 500 stocks above its 50-day SMA fell drastically and went below the 50 level.The S&P 500 Bullish Percent Index fell below 50, but for a short time.Closing PositionThe charts presented here are an example. Feel free to apply[…]

Hindenburg Omen: The Truth, Effects, and Duration

In this edition of StockCharts TV's The Final Bar, Dave answers viewer questions on the best time frames for viewing charts, insights on using Vanguard ETFs for sector rotation, the duration and effect of the Hindenburg Omen indicator, how stocks are indexed in Dow Jones Groups on StockCharts, and more!This video originally premiered on July 19, 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.

Buy Tejas Networks; target of Rs 1100: Emkay Global Financial

Emkay Global Financial is bullish on Tejas Networks has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated April 23, 2024.

Buy Bajaj Finance; target of Rs 9000: Emkay Global Financial

Emkay Global Financial is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 9000 in its research report dated April 23, 2024.

Reduce Aditya Birla Fashion and Retail; target of Rs 230: Emkay Global Financial

Emkay Global Financial recommended reduce rating on Aditya Birla Fashion and Retail with a target price of Rs 230 in its research report dated April 23, 2024.

Buy HDFC Life Insurance Company; target of Rs 739: ICICI Securities

ICICI Securities is bullish on HDFC Life Insurance Company has recommended buy rating on the stock with a target price of Rs 739 in its research report dated April 21, 2024.

Accumulate Infosys; target of Rs 1531: KR Choksey

KR Choksey recommended Accumulate rating on Infosys with a target price of Rs 1531 in its research report dated April 22, 2024.

Buy Navneet Education; target of Rs 182: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Navneet Education has recommended buy rating on the stock with a target price of Rs 182 in its research report dated April 22, 2024.

Buy City Union Bank; target of Rs 170: ICICI Securities

ICICI Securities is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 170 in its research report dated April 21, 2024.