TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian tech stocks gain, Yen in range before BOJ.
- Big Tech surges in late hours on blowout earnings.
- Stocks hit as GDP brings ‘Worst of both worlds’.
- Hong Kong stocks are looking hot again as Chinese money pours in.
MarketWatch:
- Opinion: As Alphabet follows Meta with a dividend, the pressure is now on Amazon.
- Alphabet’s stock surges on triple crown of first-ever cash dividend, $70 billion stock buyback.
- Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues.
- Microsoft earnings: Stock charges higher on earnings beat, strong Azure growth.
- Dow skids 600 points as GDP reading and Meta results unsettle investors. (At Opening)
- The US economy may be stronger than that GDP reading implies.
yahoo! finance:
- Alphabet delivers stellar earnings results, first-ever dividend.
- Microsoft earnings beat expectations on cloud strength.
- Stocks sink as US economy show signs of slowing. (At Opening)
Meta’s outlook brought the US markets down and the good results came after close of the market. The futures are very strong for today.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line as Meta’s results spooked the market. Blowout results will see this index climb back today.
DAX
The DAX also closed below its EMA8 line following the US. Its positive supports are still in play.
HANG SENG
The HANG SENG is for the first time in a very long period back in all positive territory above all resistances.
NYSE & NASDAQ Stocks
Merck Co Inc
Three days after a power P1 signal Merck took off with a gap and a MACD turning green.
Meta Platforms Inc
As expected, the market punished Meta for a poor forecast. It is busy closing the open window (gap) that was created with its Q4 results.
JSE Stocks
JSE All Shares
The JSE All Shares was still unsure about direction with a high wave candle.
Anglo American PLC
Anglo American jumped 18.9% after BHP proposed a potential combination of 31.1bn pounds.
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.
