TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- NYCB’s credit grade is cut to junk by Moody’s
- NYCB extends $4.5 billion stock rout to lowest level since 1997.
- Alibaba’s 80% loss may extend on competition worries.
MarketWatch:
- Ford says that it will launch a Tesla ‘Model 12’ rival, calls for ‘strong’ year.
- Tesla’s stock is downgraded, more for Elon Musk’s issues than ‘tough’ EV demand.
- Toyota shares hit record high in Japan after company raises earnings forecast.
- Disney, Fox and Warner Bros . team up to launch new sports streaming service.
- Nvidia’s stock could ride to $800, says Goldman Sachs.
- Palantir’s stock surges 20% as company rides AI wave to upbeat earnings, outlook.
- Eli Lilly’s stock leaps toward a record as a 16% jump in prices boosted profit.
- Snap’s stock plummets 30% on revenue miss, weak guidance.
yahoo! finance:
- Stocks eke out gains as earnings flow in.
- Asia stocks climb with focus on China stimulus.
- White-collar jobs are more likely to see AI displacement.
- Tesla CEO Elon Musk needs to shut up, but not step down: Investor
S&P 500 inch higher as AI frenzy continues. We are past halfway with earnings reports with the big guns done. Keep an eye on EV makers as they all report good forecasts.
Global Indexes
S&P 500
The S&P 500 inched higher.
DAX
The DAX is busy attacking top resistance!
HANG SENG
The HANG SENG joined the party and is attacking its 50 DMA and negative trend lines.
NYSE & NASDAQ Stocks
C3 Ai Inc
While some of the big gun AI’s took a breather, AI share took off with a 7.8% gain. It broke its negative trend line with divergence. Our P2 Power signal did not pick up this divergence as the second low price was just above the previous low, it is however still divergence.
Tesla Inc
Although Tesla was downgraded it made a P2 Power signal. We show the divergence with the purple line on Frontrunner. Notice the previous accurate P2 signals on the chart.
JSE Stocks
JSE All Shares
The JSE All Shares made an engulfing bull candle forming a J-curve just below its 200 DMA.
Naspers Ltd
The strength of the Hong Kong stock exchange is also boosting Naspers with its 3rd gap since its turn. Notice where the MACD turned green.
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.
