TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks echo US drop, Bitcoin extends rally.
- Stocks decline in run-up to key inflation report.
MarketWatch:
- Dow ends lower for third straight session.
- EA to lay off about 5% of its workforce, end development of some videogames.
- Apple shareholders reject AI-disclosure proposal.
- Salesforce’s disappointing guidance overshadows earnings beat, stock slips.
- C3.ai’s stock pops after earnings show growth acceleration.
yahoo! finance:
- Wall Street braces for key inflation report.
- Salesforce quarterly sales, dividend outshine weak outlook.
Stocks drop ahead of key inflation data.
Global Indexes
S&P 500
The S&P 500 made another uncertain doji in anticipation of the latest inflation data.
DAX
The DAX extended its positive trend.
HANG SENG
After opening below Its EMA8 line this morning the HANG SENG climbed back to currently trade just above it.
NYSE & NASDAQ Stocks
Boeing Co
Boeing bounced off a $199 support it was building to break its short-term negative trend line. It is still below key moving averages.
C3 Ai Inc
AI was still uncertain with a high wave candle below its 200 DMA (orange) below its 200 DMA before result announcement after the market has closed. After results in afterhours trading, it broke all resistances with a gap to trade +12% at $33.44.
JSE Stocks
JSE All Shares
The JSE All Shares continued its downward trend with a host of declining stocks with poor results.
Woolworths Holdings Ltd
Woolworths was one of the main losers after missing earnings expectations, declaring a lower-than-expected dividend, and announcing its current CEO departure. Sounds like the same saga as at Pick n Pay.
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.
