TAGS: Share value analysis.
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News in Brief
Bloomberg:
- China selloff threatens $27 billion of ‘Snowball ‘ derivatives.
- Tech giants signal rebound as Amazon, Intel rally.
MarketWatch:
- Opinion: Amazon’s AI talk is making Wall Street drool, but there seems to be a catch.
- Intel cheers foundry wins, AI traction, and its stock is roaring after earnings.
- Amazon makes big progress on profits, and its stock heads higher.
- Ford’s stock drops 4% after carmaker pulls guidance, EV unit loses $1.3 billion.
- Meta’s stock falls on forecast of advertising slowdown as Mattel stock drops on warning.
- Chipotle shares climb on Q3 earnings beat, strong comparable sales.
yahoo! finance:
- Amazon beats on earnings, but cloud revenue misses.
- Nasdaq leads stock slide with big tech under pressure.
- Intel issues upbeat forecast as Q3 forecast beat.
Earnings reports are causing a lot of volatility with AI still the main driver.
Global Indexes
S&P 500
The S&P 500 was still heading lower with its futures showing a rebound today.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG made a rebound this morning with all Markets in the East. It is currently busy breaking its EMA8 line.
NYSE & NASDAQ Stocks
Bank of America Corp
Bank of America made a rebound on $25 support with divergence.
Starbucks Corporation
Starbucks could not break its negative trend line and bounced down from it.
JSE Stocks
JSE All Shares
The JSE All Shares is hanging around its 700 level with long-legged candles.
Bidvest Group Ltd
Bidvest bounced on its 200 DMA support in oversold territory with a long-legged candle.
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.
