TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Tech giants hit in late hours after Meta’s outlook.
- S&P 500 is ripe for further gains, JPMorgan’s trading desk says.
MarketWatch:
- Opinion: Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse.
- Meta earnings: Stock decline could wipe out about $200 billion in market cap.
- IBM’s stock heads toward its worst day since 2021 after earnings.
- Alphabet earnings should show AI boosts, but Google still faces many clouds.
yahoo! finance:
- Meta’s revenue forecast spooks investors.
- Wall Street braces for Microsoft’s earnings report.
- Chipotle posts big earnings beat, CEO calls quarter ‘outstanding’.
- Ford tops earnings, signals solid profits ahead.
Meta’s outlook spooked investors and the futures show a decline for today’s markets.
Global Indexes
S&P 500
The S&P 500 closed unchanged in anticipation for more earning results.
DAX
The DAX took a breather after the previous day’s gains.
HANG SENG
The HANG SENG is not stalled by the US and busy breaking its 200 DMA resistance.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar made a long-legged doji to confirm uncertainty.
The Coca-Cola Co
After a pause Coca-Cola is attacking top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares was still moving positively and broke its 200 DMA resistance.
Shoprite Holdings Ltd
Shoprite broke its negative trend line with a MACD turning 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.
