Tech Results Impress

TAGS: Software for stock analysis

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News in Brief

Bloomberg:

  • Asia shares rise, Tech results impress before jobs.
  • QQQ up in late trading as Meta soars, Apple falls.

MarketWatch:

  • Opinion: Meta stuns Wall Street with its first dividend. Amazon and Alphabet could be next.
  • Meta’s stock soars toward record on first-ever dividend.
  • Amazon’s big earnings beat and upbeat cloud talk send its stock soaring.
  • Apple’s stock falls as its return to growth could prove short-lived.
  • Intel shares dip after report of delayed opening for its massive Ohio chip factory.
  • Tesla settles California hazardous-waste lawsuit for $1.5 million.

yahoo! finance:

  • Meta beats estimates and announces first-ever dividend.
  • Amazon earnings beat sends stock higher.
  • Apple beats on earnings even as China sales slow.
  • Stocks rebound after worst day of 2024.

It was the tech shares that turned the markets around with earnings beat and a dividend surprise by Meta.

Global Indexes

S&P 500

The S&P 500 bounced back to close above its EMA8 line after upbeat tech results.

DAX

The DAX remained uncertain with a small body candle closing on its EMA8 line.

HANG SENG

After the uncertain high wave candle the HANG SENG bounced to trade above its EMA8 line. This could be a start of a first rising bottom in a very long time?

NYSE & NASDAQ Stocks

Meta Platforms Inc

Meta was still very uncertain before its results announcement with two indecision high wave candles next to each other. We will see a break of top resistance today.

Caterpillar Inc

CAT is extending its positive trend line that is in second gear with a steeper trend.

JSE Stocks

JSE All Shares

The JSE All Shares is completely uncertain about its next move with two long-legged hammer candles next to each other.

Multichoice Group Ltd

Canal+ offer to buy Multichoice boosted the share price +26.6%.

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.

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