TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- China stocks struggle to rally at reopen despite upbeat data.
- Record US stock rally is under threat from a world in turmoil.
- Lilly’s climb has Morgan Stanley asking $1 trillion question [see share below].
- Wall Street ends wild week on sour note after PPI.
- China set to bide time on rate cut until Yuan, data stabilize.
MarketWatch:
- Stocks end lower as Dow, S&P 500 and Nasdaq snap five straight weeks of gains.
- DraftKings bulls are cheering, even after a rare earnings miss.
- Nvidia may shine again when it reports on Wednesday.
- Nike’s stock drops as plan to cut almost 1,700 jobs highlights need for new strategy.
yahoo! finance:
- Goldman Sachs lifts S&P 500 target to 5,200 on profit expansion.
- Nvidia and Jensen Huang will rock markets this week.
- It’s been a complicated week for the US economy.
- Stocks slide after another hot inflation report.
- Intel in talks for more than $10b in chip act incentive.
Another hot inflation report stalled the US markets again or was it because of a long weekend in the US. We feature the drugmaker Lilly below. All eyes on Nvidia’s earnings report this week.
Global Indexes
S&P 500
Another hot inflation report stalled the S&P 500 on Friday.
DAX
The DAX closed uncertain about its new rout with a long-legged doji.
HANG SENG
The HANG SENG managed to close above its 50 DMA and negative trend lines on Friday, boosted by better China data. It is struggling today to stay above these break lines and currently trading on them.
NYSE & NASDAQ Stocks
Eli Lilly and Co
Eli Lilly is in 3rd gear with its trend factor. The drugmaker is now among 10 most valuable US companies after rally. It features in our watchlist as the stock with the 4th best trend factor. The stock has Morgan Stanley analysts musing whether it will become the first US company outside of the Magnificent Seven to reach a market value of $1 trillion.
Novo Nordisk AS
A leading global healthcare company is Novo Nordisk. Their main drive is to defeat diabetes. We cannot recall ever seeing a share with 9 gaps within a 9-week positive trend. Follow those gaps!
JSE Stocks
JSE All Shares
The JSE All Shares lifted its head with a P1 Power Signal, still below its negative trend and 50 DMA lines.
Anglo American PLC
Anglo American also lifted its head with a P1 Power Signal in oversold territory. Similar to the JSE it is still below its negative trend and 50 DMA lines.
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.
