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News in Brief
Bloomberg:
- Walmart shares seen gaining 30% in next year after $100 billion rally.
- Chinese traders hope Xi’s lifeline will sustain rally.
MarketWatch:
- Opinion: Microsoft’s AI payday will take time, and investors need to be patient.
- Microsoft earnings top estimates, but stock falls as execs detail AI’s costs.
- Alphabet earnings push stock up 6%; CFO Ruth Porat to become president, chief investment officer.
- Visa earnings benefit from ‘resilient’ spending, though stock dips as growth slows.
- Meta’s stock picks up an upgrade ahead of earnings – but AI is the biggest driver.
- IMF sees signs global economy is headed in the right direction.
- GM tope earnings estimates and raises guidance for the second time this year.
yahoo! finance:
- Microsoft beats on earnings, but cloud revenue growth slows.
- Visa profits rise as global customers increasingly use credit cards.
- Stocks open mixed as Microsoft, Alphabet results loom.
- Big Tech prepares its next AI pitch.
As earnings are rolling in the markets are still gaining on second day of Big Week.
Global Indexes
S&P 500
The S&P 500 is still gaining after the second day of the big earnings week.
DAX
Similar for the DAX.
HANG SENG
Xi’s lifeline pushed the HANG SENG to its last resistance hurdle, its long-term negative trend line. It is trading on it today, but above the other hurdles.
NYSE & NASDAQ Stocks
General Electric Company
General Electric pushed past its 2021 top resistance with a gap.
Microsoft Corporation
The trend of Microsoft remains positive and investors needs to be patient about AI.
JSE Stocks
JSE All Shares
The JSE All Shares broke up to indicate that it is only forming a J-curve.
Kumba Iron Ore Ltd
Kumba Iron Ore took all the shine on the JSE with its 11.6% gain. This gain also came with a gap. Notice that the Trend Factor is in positive territory again.
Algomodel Strategies, Education & Features
Click on Education or go to the home page to view education posts.
Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.
All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.
