TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Tech giants fall in late hours on Micron’s outlook.
- Asian shares decline; Yen trims losses after slide.
MarketWatch:
- S&P 500’s gain in first half of 2024 blows historical average ‘out of the water’.
- Amazon becomes the fifth US company to secure $2 trillion market cap.
- Opinion: Micron investors will have to wait for 2025 for a bigger AI payout.
- Rivian’s VW partnership seen as ‘game changer’ for EV maker’s prospects.
yahoo! finance:
- Nasdaq leads gains as Amazon hits milestone.
- China’s designers are giving EVs Porche-like upgrade.
Micron’s selloff shows risk of Sky-High AI expectations.
Global Indexes
S&P 500
The S&P 500 is trending sideways, still above its EMA8 line in positive territory.
DAX
The indecision of the DAX continues with a long-legged high wave candle that even touched its 50 DMA.
HANG SENG
The HANG SENG is extending its negative route with a 1.9% decline today.
NYSE & NASDAQ Stocks
FedEx Corporation
It looks as if forecasts are not a strong point of FedEx. After every poor forecast the stock starts sliding and then it comes with earnings beat. It did so again to come with 15.5% earnings beat gap.
Amazon.com Inc
Amazon.com broke top resistance to extend its positive trend.
JSE Stocks
JSE All Shares
The JSE All Shares is still awaiting the new cabinet announcement, declining in anticipation.
WE BUY CARS Holding Ltd
WE BUY CARS has enough data now to see its 50 DMA and trend line. Notice that at each dip buyers takes the share price to a new level.
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.
