Stock Market News and Analysis Live Today: The Ultimate Source

Are you looking for the most up-to-date and reliable source of stock market news and analysis? Do you want to learn from the experts and get the best tips and insights to improve your trading performance? If yes, then you are in the right place.

This page scours the entire web for the latest and the most relevant and useful stocks news and analysis content. Here, you will find everything from the latest and updated stock market news to technical and fundamental stocks analysis, reviews, signals, opinions and forecasts and more. This page is updated every minute to provide you with the latest and the most relevant information to help you make better trading decisions and achieve your trading goals.

Whether you are a beginner or a seasoned trader, this page will help you stay on top of the market trends and opportunities. You will also learn how to apply the best strategies and techniques to optimize your trading results and avoid common pitfalls.

So, what are you waiting for? Bookmark this webpage today to stay informed every minute of the latest news and stock market analysis.

 

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

  • Japan#39;s factory activity declines slow, PMI shows

    Apr 22, 2024 | 18:32 pm

    The au Jibun Bank flash Japan manufacturing purchasing managers#39; index (PMI) rose to 49.9 in April from 48.2 in March, remaining below the 50.0 threshold separating growth from contraction for 11 straight months.

    Read more...
  • On first day of Donald Trump hush money trial, prosecutors say he corrupted 2016 election

    Apr 22, 2024 | 18:29 pm

    Jurors in the historic trial also heard briefly from the prosecution#39;s first witness: former National Enquirer publisher David Pecker, who prosecutors say participated in a "catch and kill" scheme to suppress unflattering stories about Trump and help him get elected.

    Read more...
  • Make debt attractive again for risk-averse investors shifting to equities for better tax saving

    Apr 22, 2024 | 18:26 pm

    While debt instruments do carry some credit risk, there have been relatively few reported cases of default involving such instruments. 

    Read more...
  • Donald Trump says Joe Biden would be #39;responsible#39; for any TikTok ban

    Apr 22, 2024 | 18:25 pm

    The U.S. House of Representatives passed bipartisan legislation on a 360-58 vote on Saturday that would give TikTok#39;s Chinese owner ByteDance about nine months to divest its U.S. operations or face a ban.

    Read more...
  • Donald Trump says Joe Biden would be #39;responsible#39; for any TikTok ban

    Apr 22, 2024 | 18:25 pm

    The U.S. House of Representatives passed bipartisan legislation on a 360-58 vote on Saturday that would give TikTok#39;s Chinese owner ByteDance about nine months to divest its U.S. operations or face a ban.

    Read more...
  • Oil rises in early Asian trading, Middle East tensions remain in focus

    Apr 22, 2024 | 18:12 pm

    Global benchmark Brent crude oil futures rose 39 cents, or 0.5%, to $87.39 a barrel by 0033 GMT, while U.S. West Texas Intermediate crude futures were up 40 cents, or 0.5%, to $82.30 a barrel.

    Read more...
  • None of G7 economies on track to meet 2030 mitigation targets

    Apr 22, 2024 | 18:09 pm

    The analysis by Climate Analytics, a global climate science and policy institute, comes ahead of the G7 climate, energy, and environment ministers#39; meeting in Venaria Reale, Italy, during April 28-30.

    Read more...
  • Australia PM Anthony Albanese calls Elon Musk #39;arrogant billionaire#39; after court orders X to hide church stabbing posts

    Apr 22, 2024 | 18:07 pm

    Australia#39;s federal court late on Monday granted the country#39;s cyber regulator, the eSafety commissioner, a two-day injunction requiring the social media platform to hide some posts on a knife attack last week against an Assyrian church bishop, Mar Mari Emmanuel, during a service at his church.

    Read more...
  • Pre-market action: Here's the trade setup for today's session

    Apr 22, 2024 | 17:55 pm

    "This week, the US will be releasing GDP and core PCE data which will provide direction to the market while stock specific actions will be seen as we progress into the earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    Read more...
  • Wall Street stocks end higher with major corporate earnings in view

    Apr 22, 2024 | 17:50 pm

    The benchmark SP 500 and the Nasdaq rebounded from a decline over the past six sessions which had been caused by investors re-evaluating their expectations on interest rate cuts in the wake of strong economic data, geopolitical tensions, persistent inflation and commentary from Federal Reserve officials.

    Read more...
  • Stocks in news: Tata Consumer, ICICI Pru, RIL, Adani Enterprises, Hero MotoCorp

    Apr 22, 2024 | 17:50 pm

    Shares of Tata Consumer, ICICI Pru, Tata Elxsi, M&M Finance, 360 One Wam, MCX and Cyient DLM will be in focus as the companies will announce their fourth quarter results today.

    Read more...
  • Buzzing Stocks: Wipro, Reliance, PSP Projects, Bajaj Electricals, Hero MotoCorp, TCP, Mahindra Logistics, IndusInd Bank and others

    Apr 22, 2024 | 17:45 pm

    Stocks to watch: Check out the companies making headlines before the opening bell today, on April 23, 2024.

    Read more...
  • Profit booking in equities likely post polls: Bernstein

    Apr 22, 2024 | 17:41 pm

    "Despite the opinion poll data making the 390-400 target look almost certain, we believe the gain of seats in low penetration states may not significantly exceed the loss in others," said Bernstein's analysts Venugopal Garre and Nikhil Arela in a client note.

    Read more...
  • FTC moves to block Tapestry’s acquisition of Capri, saying it would crimp competition for affordable handbags

    Apr 22, 2024 | 17:39 pm

    The FTC said the deal would push prices higher and offer less motivation for either company to compete for workers.

    Read more...
  • Hot Stocks: 3 stocks that may give returns between 18- 59%

    Apr 22, 2024 | 17:38 pm

    Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 59% as per analysts’ price targets.

    Read more...
  • Trade Spotlight | How to trade in Zydus Lifesciences, Hind Copper and Siemens today

    Apr 22, 2024 | 17:37 pm

    Siemens ended at new closing high of Rs 5,768, and formed long bullish candlestick pattern on the daily timeframe, while the trading volumes in last three sessions remained healthy.

    Read more...
  • Europe emerges as hotspot for Indian IT M&As, tops buy chart

    Apr 22, 2024 | 17:30 pm

    Indian IT giants are on a European shopping spree, snapping up companies at a rapid clip. Europe's booming tech sector, outpacing North America, has fueled over a dozen acquisitions since the pandemic.

    Read more...
  • Hot Stocks: TD Power Systems, Kirloskar Oil Engines, Blue Star may deliver 12-16% returns

    Apr 22, 2024 | 17:28 pm

    Any level above 22,400 could push Nifty towards new all-time high and beyond.

    Read more...
  • MUFG likely to sweeten $1.7 billion offer for HDB Finance

    Apr 22, 2024 | 17:24 pm

    The two sides are seeking to reach an agreement in about a month, the people said, asking not to be identified discussing private information. MUFG has been working on the purchase of a 20% stake in HDB Financial Services, Bloomberg News reported on April 12.

    Read more...
  • Capital Goods have the power to rally further

    Apr 22, 2024 | 17:10 pm

    Based on meetings with six players focused on the T&D space and analysis of 12 players' commentaries, the brokerage said the pipeline of projects approved by the Central Electricity Authority of India (CEA) stands robust for next 2-3 years and is likely to be positive for most players in the value chain for the next 4-5 years. "Increase in market shares may result in 15-20% growth in T&D or energy segment inflows and revenues.

    Read more...
  • Apple named a top pick for 2024 at BofA ahead of key earnings

    Apr 22, 2024 | 17:00 pm

    The company has a "rich catalyst path with defensive cash flows," wrote analyst Wamsi Mohan, who has a buy rating and $225 price target on the stock.

    Read more...
  • Week Ahead: Mild Technical Pullbacks Likely; NIFTY Remains Prone to Selling Pressure at Higher Levels

    Apr 22, 2024 | 16:57 pm

    In the truncated week, the markets looked largely corrective, as the key indices lost ground during the week. In the previous technical note, it was mentioned that, on the one hand, no runaway moves should be expected, and on the other hand, the support for Nifty exists much below at 20-week MA. The markets ended up trading precisely on the expected lines. Not only they did not move higher, but also ended up testing the mentioned support level. The trading range got wider as the Nifty oscillated in a 649.80-point range during the truncated week. The volatility spiked; IndiaVix surged by 16.69% to 13.46. The headline index Nifty closed the week with a net weekly loss of 372.40 points (-1.65%).From a technical perspective, the markets have dragged their resistance points lower. While the high point of 22775 has become an intermediate top for the Nifty, the immediate resistance has been dragged lower to 22427, which is the high of the previous week. On the other hand, the 20-week MA, which is placed at 21921 can be considered immediate support on a closing basis. The 100-DMA also falls in the close vicinity; it currently stands at 21729. Over the coming days, we can largely expect the Nifty to remain in a broad trading range, with 22450-22500 working as strong resistance points.The coming week will likely see a stable start with the levels of 22450 and 22700 acting as potential resistance points. The supports come in at 22000 and 21780.The weekly RSI is at 61.78; it has marked a new 14-period low which is bearish. It, however, stays neutral and does not show any divergence against the price. The weekly MACD is bearish and trading below its signal line.The pattern analysis of the weekly chart shows that the last phase of the upmove on Nifty had come with a strong bearish divergence of the RSI against the price. While the Index moved higher formed higher highs, the RSI was seen forming lower tops, which led to the emergence of the bearish divergence.All in all, the coming week may see some continued technical pullback; however, at the same time, the markets continue to remain prone to face selling pressure at a higher level. It is also likely that, apart from short-covering led bounces in the markets, we will continue to see a risk-off sentiment. This could lead to defensive pockets like IT, Pharma, FMCG, etc., trying and display a better relative strength. Overall, it is strongly recommended that one curtail leveraged exposures. While staying extremely selective, a highly cautious approach is advised for the coming week.Sector Analysis for the Coming WeekIn our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.Relative Rotation Graphs (RRG) show that the Consumption Index has rolled inside the leading quadrant. The Nifty Auto and Metal sectors are firmly placed inside the leading quadrant. Besides this, the Pharma and PSU Bank indices are also placed inside the leading quadrant, but they are giving up sharply on their relative momentum. These groups are likely to relatively outperform the broader markets.The Nifty Infrastructure and Commodities have rolled inside the weakening quadrant. The Nifty Energy, Midcap 100, PSE, and Realty Indices are also inside the weakening quadrant.The Nifty IT and Media groups continue to languish inside the lagging quadrant. The Nifty FMCG index is also inside the lagging quadrant but it is seen improving on its relative momentum.The Nifty Services Sector Index has rolled inside the improving quadrant. The Financial Services Sector Index and Banknifty are also inside the improving quadrant and may see improving relative strength over the coming days.Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.Milan Vaishnav, CMT, MSTA Consulting Technical Analystwww.EquityResearch.asia | www.ChartWizard.ae

    Read more...
  • GSPL skids 19% after regulator halves HP Transmission tariff

    Apr 22, 2024 | 16:54 pm

    PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved.

    Read more...
  • Weak Charts Keep Getting Weaker

    Apr 22, 2024 | 16:53 pm

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

    Read more...
  • Why you shouldn’t be too quick to dump your stocks just yet

    Apr 22, 2024 | 14:35 pm

    Sectors that typically rally at the end of bull markets are lagging.

    Read more...
  • AMC stock continues rally as movie-theater chain updates credit strategy

    Apr 22, 2024 | 13:33 pm

    AMC shares are up four of the past five days.

    Read more...
  • Another strong quarter on the cards for Microsoft, thanks to AI, cloud power

    Apr 22, 2024 | 13:01 pm

    After delivering an impressive performance in the early part of fiscal 2024, riding the strong demand for cloud services, Microsoft Corp. (NASDAQ: MSFT) is looking to repeat that in the […] The post Another strong quarter on the cards for Microsoft, thanks to AI, cloud power first appeared on AlphaStreet.

    Read more...
  • Why more Americans are opting for Israeli wine instead of Manischewitz this Passover

    Apr 22, 2024 | 12:49 pm

    This year, many are looking to the burgeoning wine industry in Israel for their Seder sips

    Read more...
  • Treasury yields finish little changed as geopolitical tensions cool

    Apr 22, 2024 | 12:39 pm

    Rates on U.S. government debt finished little changed on Monday after no major escalation in Middle East tensions over the weekend.

    Read more...
  • Brent oil ends at a more than 3-week low as Middle East tensions appear to ease

    Apr 22, 2024 | 12:22 pm

    Global oil prices ended Monday at their lowest since late March as Middle East tensions appeared to ease, calming concerns over the potential for oil-supply disruptions.

    Read more...
  • China’s economy is finally showing bright spots. Worrying signs remain.

    Apr 22, 2024 | 12:07 pm

    Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.

    Read more...
  • 4 ways to defend your stock portfolio that have helped this fund manager beat the market

    Apr 22, 2024 | 12:02 pm

    If recent stock-market weakness has you on edge, this might be your problem.

    Read more...
  • Nike needs a win, and it’s betting on Caitlin Clark to deliver one

    Apr 22, 2024 | 12:01 pm

    Some Nike athletes’ careers are “winding down,” one expert said, and the company is looking to make a big splash with Clark’s meteoric rise.

    Read more...
  • Trump’s deal over $175 million fraud bond gives him some financial breathing room

    Apr 22, 2024 | 11:56 am

    The former president’s lawyers agreed to certain restrictions pertaining to the cash collateral for the bond.

    Read more...
  • Reliance Retail Q4 Results: Net profit jumps 12% YoY to Rs 2,698 crore

    Apr 22, 2024 | 11:28 am

    In its earnings release, Reliance Retail said it undertook an equity fund raise of Rs 17,814 crore in FY24, including Rs 2,500 crore infused by Reliance Industries during the March quarter. It did not specify where the capital would be utilized.

    Read more...
  • HDFC Bank decision to refrain from price war on deposits and infra bonds will help improve NIM: Analysts

    Apr 22, 2024 | 11:22 am

    Effectively, the bank will not be required to set aside cash reserve ratio (CRR) and statutory reserve ratio on the infrastructure bonds. HDFC Bank absorbed HDFC Ltd's Rs 1 lakh crore infra bonds following the merger, effective July 2023.

    Read more...
  • Tamilnad Mercantile Bank Q4 Results: Net profit flat at Rs 253 crore

    Apr 22, 2024 | 11:16 am

    Operating profit for the quarter was lower at Rs 367 crore as compared to Rs 404 crore. Net interest income during the quarter was however 5.6% higher over the year-ago period. The board of the bank recommended a 100% dividend, or Rs 10 per share for FY24.

    Read more...
  • Reliance Jio Q4 Results: Net profit rises 3% QoQ to Rs 5,307 crore

    Apr 22, 2024 | 11:10 am

    Jio Infocomm numbers were spot on to analyst estimates, which pegged the company's net profit at Rs 5,308 crore as per an average of estimates compiled by ET. The Mukesh Ambani-led telco’s March quarter revenue from operations came in 2.3% higher sequentially at Rs 30,541 crore compared to Rs 29,853 crore in the fiscal third quarter and Rs 27,539 crore a year ago.

    Read more...
  • Moneycontrol Pro Panorama | A matter of taste

    Apr 22, 2024 | 11:08 am

    In today#39;s edition of Pro Panorama: Why rates are not coming down, Wipro#39;s new CEO gets cracking, the US gameplan for Middle East and more

    Read more...
  • Jio Platforms Q4 Results: Net profit zooms 12% YoY to Rs 5583 crore

    Apr 22, 2024 | 11:01 am

    JPL's Q4 net profit increased by 12%. For the January-March period, JPL's consolidated net profit rose to Rs 5583 crore from Rs 4984 crore a year ago and Rs 5445 crore in the previous three months ended December, it said in a statement Monday.

    Read more...
  • RIL Q4: Superb execution, upbeat outlook

    Apr 22, 2024 | 10:56 am

    RIL’s consumer businesses now contribute to nearly half of consolidated operating profit. Meanwhile, a strong capex pipeline will sustain its growth momentum through newer verticals such as renewable and clean energy

    Read more...
  • DP TRADING ROOM: Find Shorts Using the Diamond Dog Scan

    Apr 22, 2024 | 10:51 am

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

    Read more...
  • RIL Q4 Results: Profit falls 2% YoY to Rs 18,951 cr; board approves Rs 10/share dividend

    Apr 22, 2024 | 10:50 am

    Read more...
  • What to look for when Starbucks (SBUX) reports Q2 2024 earnings results

    Apr 22, 2024 | 10:47 am

    Shares of Starbucks Corporation (NASDAQ: SBUX) stayed green on Monday. The stock has dropped 8% year-to-date. The coffee chain giant is scheduled to report its second quarter 2024 earnings results […] The post What to look for when Starbucks (SBUX) reports Q2 2024 earnings results first appeared on AlphaStreet.

    Read more...
  • 2 overlooked cheap shares I’m tipping to eventually soar

    Apr 22, 2024 | 10:13 am

    These two cheap shares may not be obvious bargains, but our writer explains the investment case behind buying them for returns and growth. The post 2 overlooked cheap shares I’m tipping to eventually soar appeared first on The Motley Fool UK.

    Read more...
  • Sebi finds Adani offshore investors in disclosure rules violation: Report

    Apr 22, 2024 | 10:11 am

    SEBI found offshore funds breaching Adani investment rules, seeking settlement with penalty. Regulator demanded group level disclosures. Adani denies 'acting in concert'. No response to email requests.

    Read more...
  • Reliance Industries Q4 results: Oil and Gas revenue jumps 42% to Rs 6,468 crore

    Apr 22, 2024 | 10:04 am

    The segment#39;s FY24 revenue rose by 48.0% on a Y-o-Y basis, mainly on account of higher gas and condensate production.

    Read more...
  • It’s Time to Buy Into the Super Micro Computer Stock Implosion

    Apr 22, 2024 | 09:33 am

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

    Read more...
  • Equities Struggle in Strong "NoGo" as Materials try to Curb the Damage

    Apr 22, 2024 | 09:11 am

    Good morning and welcome to this week's Flight Path. The equity "Go" trend is over. We saw a pink "NoGo" bar following an amber "Go Fish" bar of uncertainty and then that was followed by strong purple bars as the week continued. Treasury bond prices remained in a strong "NoGo" trend as we saw an entire week of uninterrupted "NoGo" strong purple bars. Commodity prices hung on through a period of weakness to paint a strong blue bar at the end of the week. The dollar showed strength all week as GoNoGo Trend. colored all of the bars a strong blue "Go".Equities Roll Over into "NoGo"Last week we noted the weakness we had seen in the "Go" trend. The last high triggered a Go Countertrend Correction Icon (red arrow) that indicated prices may struggle to go higher in the short term. Prices moved mostly sideways or away from the high since then and this past week saw the technical environment change. First, an amber "Go Fish" bar reminded us that there was uncertainty in the current trend, and that quickly gave way to a pink "NoGo" bar. Without looking back, the latter part of the week saw strong purple "NoGo" bars as price moved progressively lower.Last week's paler aqua "Go" bar brought with it a Go Countertrend Correction Icon (red arrow). This week we see price falling further from the most recent high as GoNoGo Trend paints a second weaker aqua bar. We look to the oscillator panel and see that it is fast approaching the zero line. That will be the next important test of this "Go" trend. As price continues to fall, we will want to see support found by the oscillator at zero. If it finds it, we will expect price to set a new higher low and can look for signs of trend continuation. If the oscillator fails to find support at the zero line, we could well see a deeper correction and possible trend change in the price panel.Rates in Strong "Go" TrendWe saw a week of strong blue "Go" bars in treasury rates. After hitting a high in the beginning of the week the chart triggered a Go Countertrend Correction Icon (red arrow) and we know that it will be hard for price to rise higher in the short term. GoNoGo Oscillator is in positive territory but no longer overbought. After some consolidation at these levels we will look to see if the trend can continue.Dollar Takes a Pause at New HighsAfter last week's gap higher, we saw price consolidate at these new higher levels. GoNoGo Trend painted a full week of strong blue bars and we will look at the top of that gap for potential support going forward. GoNoGo Oscillator remains overbought at a value of 5 and volume is heavy. We will watch to see if momentum wanes, giving us a Go Countertrend Correction Icon on the chart and leading to further price consolidation.The longer term chart shows clearly where long term support should now be found. Last week's strong price action pushed price above horizontal resistance that we see on the chart from prior highs. There is some likelihood that price takes a breath soon as momentum is overbought. As it moves back into neutral territory and potentially toward the zero line we will look for price support at the horizontal level and for oscillator support at the zero line.

    Read more...
  • RIL Q4 Scorecard: From earnings, dividend to key milestones, here are 10 top takeaways for D-Street

    Apr 22, 2024 | 09:10 am

    Reliance Industries became the first Indian company to cross the Rs 1 lakh crore threshold in pre-tax profits. It recorded annual consolidated revenue of Rs 10 lakh crore ($119.9 billion) which was up by 2.6% on a YoY basis. Company's EBITDA was reported at Rs 178,677 crore, up 16.1% YoY.

    Read more...
  • 1 no-brainer pick I’d love to buy for my Stocks & Shares ISA!

    Apr 22, 2024 | 09:08 am

    A Stocks & Shares ISA is a great investment vehicle for our writer. Here she explains why, and one stock she likes the look of. The post 1 no-brainer pick I’d love to buy for my Stocks & Shares ISA! appeared first on The Motley Fool UK.

    Read more...
  • Just released: our 3 best dividend-focused stocks to buy before May [PREMIUM PICKS]

    Apr 22, 2024 | 09:07 am

    Our goal here is to highlight some of our past recommendations that we think are of particular interest today, due to a combination of business performance and potentially attractive share valuation. The post Just released: our 3 best dividend-focused stocks to buy before May [PREMIUM PICKS] appeared first on The Motley Fool UK.

    Read more...
  • Will the Rolls-Royce share price keep rising in 2024?

    Apr 22, 2024 | 08:57 am

    With the Rolls-Royce share price going on a surge, this Fool wants to look forward to where it could potentially finish the year. The post Will the Rolls-Royce share price keep rising in 2024? appeared first on The Motley Fool UK.

    Read more...
  • Kesoram Q4 Results: Net loss widens to Rs 244 crore

    Apr 22, 2024 | 08:53 am

    ​B K Birla Group company Kesoram Industries Ltd on Monday posted a consolidated net loss of Rs 244.42 crore for the quarter ended March 2024, despite higher sales. The cement maker's net loss in the fourth quarter of the 2023-24 fiscal (FY'24) has widened from Rs 48.86 crore in the corresponding quarter of the previous year.

    Read more...
  • £10k in an ISA? Here’s how I’d target a regular £30k+ second income stream

    Apr 22, 2024 | 08:50 am

    Reliable dividends can help provide a lot more financial freedom. Here's how I'd aim for a substantial second income inside an ISA account. The post £10k in an ISA? Here’s how I’d target a regular £30k+ second income stream appeared first on The Motley Fool UK.

    Read more...
  • Ahead of Market: 10 things that will decide D-Street action on Tuesday

    Apr 22, 2024 | 08:50 am

    Nifty on Monday ended 189 points higher to form a long-legged Doji candle pattern on the daily chart as it managed to move above the initial hurdle at 22,300 levels.

    Read more...
  • Lloyds share price hanging on to 50p ahead of Wednesday’s Q1 earnings report. Where to now?

    Apr 22, 2024 | 08:43 am

    Down in April and with low earnings expected this week, Mark David Hartley investigates where the Lloyds share price might be headed. The post Lloyds share price hanging on to 50p ahead of Wednesday’s Q1 earnings report. Where to now? appeared first on The Motley Fool UK.

    Read more...
  • Market Trading Guide: SBI, Escorts among 5 stock recommendations for Tuesday

    Apr 22, 2024 | 08:30 am

    The S&P BSE Sensex closed 0.77% higher at 73,648, while the NSE Nifty50 index ended above the 22,300 level.

    Read more...
  • Everyone’s talking about AI! Here’s 1 FTSE stock to consider buying for exposure

    Apr 22, 2024 | 08:17 am

    A hot topic right now is artificial intelligence (AI). This Fool explains how this FTSE stock could offer investors an access point. The post Everyone’s talking about AI! Here’s 1 FTSE stock to consider buying for exposure appeared first on The Motley Fool UK.

    Read more...
  • 3 Indian companies make the cut on BCG's top 25 global value creator list

    Apr 22, 2024 | 08:15 am

    Technology and tech-related companies led the charge, as excitement over generative AI helped fuel a rebound from 2022’s losses, according to a report based on the database.

    Read more...
  • Technical Breakout Stocks: How to trade Siemens, Eicher Motors and RIL on Tuesday

    Apr 22, 2024 | 07:57 am

    The S&P BSE Sensex rose 560 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in capital goods, consumer durables, public sector, and healthcare stocks while selling was seen in utilities.

    Read more...
  • Earnings Summary: Comerica (CMA) reports a decline in Q1 2024 profit

    Apr 22, 2024 | 07:55 am

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

    Read more...
  • Merger or Not, Albertson’s Companies is a Good Buy

    Apr 22, 2024 | 07:38 am

    Albertsons Companies is a value for investors and it pays a higher yield than competitor Kroger. A merger is in the works but shareholders win either way.

    Read more...
  • US stocks gain after Friday sell-off, Mideast tensions temper

    Apr 22, 2024 | 07:29 am

    Tesla, Meta Platforms, Alphabet and Microsoft will be in focus this week as the companies gear up to deliver their quarterly numbers. Their performance could further test the rally in U.S. stocks.

    Read more...
  • Earnings Summary: Zions Bancorporation reports Q1 2024 financial results

    Apr 22, 2024 | 07:08 am

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

    Read more...
  • Reliance Retail Q4 Results: Cons PAT jumps 12% YoY; annual profit crosses Rs 10,000 crore mark

    Apr 22, 2024 | 07:05 am

    Reliance Retail Q4 Results: Reliance Retail Ventures Limited (RRVL) reported an 11.7% increase in net profit for Q1 2024, crossing Rs 10,000 crore annual profit mark. Revenue was at Rs 67,610 crore with 562 new stores opened.

    Read more...
  • Reliance Industries board approves Rs 10/share dividend

    Apr 22, 2024 | 06:56 am

    Reliance Industries announced a Rs 10 dividend per share for the fiscal year ending March 31, 2024. Q1 net profit dropped 2% to Rs 18,951 crore, while revenue rose 11% to Rs 2.4 lakh crore.

    Read more...
  • Earnings Summary: Highlights of Truist Financial Corp’s Q1 2024 results

    Apr 22, 2024 | 06:47 am

    Financial services company Truist Financial Corp (NYSE: TFC) announced operating results for the first quarter of 2024, reporting lower revenues and profit. Q1 net income available to common shareholders was $1.1 […] The post Earnings Summary: Highlights of Truist Financial Corp’s Q1 2024 results first appeared on AlphaStreet.

    Read more...
  • RIL Q4 Results: Net profit falls 2% YoY to Rs 18,951 crore, yet beats estimates

    Apr 22, 2024 | 06:41 am

    RIL Q4 Results: Revenue from operations surged 11% year-on-year to Rs 2.4 lakh crore in the reporting period, compared with Rs 2.16 lakh crore in the same period a year ago. The company's operating profit (EBITDA) recorded a strong growth of 14% year-on-year to Rs 47,150 crore in the quarter under review.

    Read more...
  • 1 penny stock I’d buy today while it is 99p

    Apr 22, 2024 | 06:35 am

    Ben McPoland highlights Windward (AIM:WNWD), a fast-growing penny stock that could benefit from the artificial intelligence revolution. The post 1 penny stock I’d buy today while it is 99p appeared first on The Motley Fool UK.

    Read more...
  • 3 Cheap Stocks That Shouldn’t Be So

    Apr 22, 2024 | 06:32 am

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

    Read more...
  • Tesla Stock Analysis: Insights and Future Projections

    Apr 22, 2024 | 06:25 am

    Explore the in-depth 2024 Tesla stock analysis, featuring insights, latest trends, and projections. Get an understanding to inform investment decisions.

    Read more...
  • KP Energy Q4 Results: Net profit grows 60% to Rs 25 crore

    Apr 22, 2024 | 06:22 am

    KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing.

    Read more...
  • CarMax: Is There a Silver Lining to the Earnings Car Wreck?

    Apr 22, 2024 | 05:55 am

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

    Read more...
  • ISRG Earnings: Intuitive Surgical reports higher Q1 revenue and profit

    Apr 22, 2024 | 05:52 am

    Medical device company Intuitive Surgical, Inc. (NASDAQ: ISRG) announced operating results for the first quarter of 2024, reporting higher revenues and adjusted profit. First-quarter net profit, excluding one-off items, increased […] The post ISRG Earnings: Intuitive Surgical reports higher Q1 revenue and profit first appeared on AlphaStreet.

    Read more...
  • Tech View: Nifty forms long-legged Doji candle. What should traders do on Tuesday

    Apr 22, 2024 | 05:48 am

    If the index manages to sustain above 22,500, the market could even reach new all time highs in the near term.

    Read more...
  • High-Yielding Verizon’s Stock Price Reversal is Imminent

    Apr 22, 2024 | 05:45 am

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

    Read more...
  • CMS Info Systems to enter gold logistics, loan collection services

    Apr 22, 2024 | 05:39 am

    CMS Info Systems plans to expand into gold logistics and retail loan repayments collection, having already piloted these ventures. With over Rs 2,000 crore revenue in fiscal 2023, CMS aims for incremental growth. The company sees potential in India's formalizing bullion sector and the evolving lending ecosystem. It has collaborated with major clients and institutions for its pilot programs. Confident in delivering revenue targets, CMS anticipates upper-half performance in its revenue target range of Rs 2,500-2,700 crore for fiscal 2025.

    Read more...
  • 3 Value Stocks Buffett Wishes He Could Buy

    Apr 22, 2024 | 05:35 am

    Three stocks stand out as would-be Buffett names, if it weren't for their smaller sizes. Still proposing decent upside and high profits, they make bargain names

    Read more...
  • Nifty Bank likely to face some resistance around 48,000, suggest analysts

    Apr 22, 2024 | 05:16 am

    The Nifty Bank witnessed value buying at lower levels for the second consecutive day in a row, but it failed to hold on to the 48,000 mark. The index is likely to face stiff resistance around 48K marked by the highest Call open interest (OI), suggest experts.

    Read more...
  • Disney Stock Analysis, Insights and Outlook

    Apr 22, 2024 | 05:00 am

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

    Read more...
  • This forgotten FTSE 100 gem could be the best bargain on the stock market

    Apr 22, 2024 | 04:15 am

    The FTSE 100 is full to the brim of high-quality businesses. But this Fool has his eye on this 'forgotten' stock. Here he explains why. The post This forgotten FTSE 100 gem could be the best bargain on the stock market appeared first on The Motley Fool UK.

    Read more...
  • Amazon Stock Insights & Analysis for 2024

    Apr 22, 2024 | 04:13 am

    Amazon stock is the secular play for investors to consider in a multi-generational time horizon, exposed to the fastest growing markets, it's a bargain today

    Read more...
  • Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights

    Apr 22, 2024 | 04:10 am

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

    Read more...
  • Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?

    Apr 22, 2024 | 03:15 am

    If you believe that EVs will become mainstream, then these two lithium stocks may recover in 2024 as lithium prices begin to recover

    Read more...
  • Intuitive Surgical Leads the Robotic Surgery Movement

    Apr 22, 2024 | 03:10 am

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

    Read more...
  • Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?

    Apr 22, 2024 | 03:05 am

    The GLP-1 weight loss trend continues to flourish, and the ante keeps rising; see how the winner between Wegovy and Zepbound can help your portfolio

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

    Apr 20, 2024 | 07:54 am

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

    Read more...
  • MarketBeat Week in Review – 4/15 - 4/19

    Apr 20, 2024 | 04:00 am

    The markets continued to move lower ahead of a big earnings week as analysts adjust valuations on the outlook for interest rates and geopolitical concerns

    Read more...
  • Getting Perspective and Dealing with Volatility

    Apr 20, 2024 | 03:19 am

    The S&P 500 is down 5.5% this month and volatility is rearing its ugly head. This is a good time to get some perspective by putting the move into context. My goal is to see the forest, as opposed to a few trees. First, we need to know if we are in a long-term uptrend or long-term downtrend. Once we know this answer, we can answer the second question. Is the current decline a primary or secondary move? Let's start with the long-term trend.The chart below shows the S&P 500 with the 5-day SMA (green) and 200-day SMA (red). First, note that the index hit a new all time high in March. For those keeping score at home, this is less than a month ago! SPX is also well above the rising 200-day SMA and the 5-day SMA is 7.5% above the 200-day. These items suggest we are in a long-term uptrend. The indicator window shows Percent Above MA (5,200) with signal lines at +3% and -3%. This indicator shows the percentage difference between the two moving averages. First, I am smoothing the close with a 5-day SMA. This smoothing significantly reduces the number of whipsaws, but there are still quite a few since 2022 (see the yellow ovals on the price chart). For the signal filter, I am requiring the 5-day SMA to be 3% or more above/below the 200-day SMA for a signal. As the indicator shows, Percent Above MA turns green when the 5-day crosses above the 200-day and red when it crosses below. There were at least 17 crosses since late 2018. Applying the signal filter reduced the number of crosses to just six (red and green arrows). These thresholds filter out noise and short-term volatility. Note that this strategy turned bullish in early February 2023 and remains bullish. Percent Above MA is one of 11 indicators in the TIP Indicator Edge Plugin for StockCharts ACP. Charles Dow notes that there are three types of price movements: primary, secondary and daily fluctuations. Based on the chart above, the primary move is up (long-term uptrend). SPY fell sharply in April and the secondary move is down. A secondary decline within a primary uptrend is a correction, and corrections within uptrends are opportunities. Nobody knows how long the correction will last or how far it will extend. Thus, marking future support is largely guesswork. Chartists would be better off focusing on price action and breadth, and looking for signs of improvement to suggest that the correction is ending. TrendInvestorPro will analyze price action, 4-week High-Low Percent, Percent above 50-day and other breadth indicators to monitor this correction and time a reversal. This is part of our ChartTrader reports and videos. Our SystemTrader offering runs Dual Momentum Rotation Strategies for the Nasdaq 100 and S&P 500. After big gains in the first quarter, these moved into drawdown in April. Drawdowns are like corrections in that they provide opportunities. Click here to learn more and get immediate access.Photo by Lukasz Szmigiel on Unsplash//////////////////////////////////////////////////

    Read more...
  • Breakdown in Mega-Cap Growth Confirms Bear Phase

    Apr 19, 2024 | 21:16 pm

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

    Read more...
  • MEM TV: Capitulation Signals for a Market BOTTOM

    Apr 19, 2024 | 19:49 pm

    In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews the negative shift that's evolved over the past week in the market and highlights key signals of capitulation you should be watching for. She then shares the move into Value stocks she's seeing as heavy selling hit well known stocks - Google, Meta and Microsoft.This video originally premiered April 19, 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.

    Read more...
  • How to Chart In Multiple Timeframes Like A PRO

    Apr 19, 2024 | 19:33 pm

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

    Read more...
  • Top 10 Stocks to Watch April 2024

    Apr 19, 2024 | 14:13 pm

    In this edition of StockCharts TV's The Final Bar, Dave and Grayson run through top 10 charts to watch in April 2024! Together they cover breakout strategies, moving average techniques, relative strength, and much more. You don't want to miss these insights into market dynamics and chart patterns that could impact your trading decisions.This video originally premiered on April 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.

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

    Apr 19, 2024 | 14:10 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 18, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

    Read more...
  • 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

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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[…]

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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.

    Read more...
  • 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[…]

    Read more...
  • 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.

    Read more...
Add a Comment!“We encourage you to join the conversation! If you have any questions, ideas, or thoughts related to this article, Please Leave a Comment Below!
 

Comments

TradingVortex.com® 2019 © All Rights Reserved.