TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks drop with focus on Nvidia, China moves.
- Stocks fall before Nvidia’s must-watch earnings.
- Nvidia options signal nearly $200 billion swing after earnings.
- Stocks rally takes a break as earnings roll in.
- Record Japan profits show Nikkei is primed for all-time high.
MarketWatch:
- Dow, S&P 500, Nasdaq all slip as market looks to Fed speakers, Nvidia earnings.
- Intel’s stock rises as a big week for its manufacturing business kicks off.
- S&P opens lower as Nvidia dips with earnings due at midweek.
- Goldman Sachs ups year-end S&P 500 target to 5,200, says Big Tech must do the heavy lifting.
yahoo! finance:
- Nasdaq leads stock slide as Nvidia earnings loom.
- Stocks close lower as Nvidia weighs ahead of earnings.
- Walmart posts upbeat earnings, to buy Vizio in $2.3b deal.
Nvidia’s earnings is the catalyst for new direction. We had a selloff from those that do not believe the current price would justify the earnings. On the other side of the coin some analysts gave a new target price. At the end of today we will know!
Global Indexes
S&P 500
The S&P 500 corrected ahead of Nvidia’s results.
DAX
The DAX is also waiting with an uncertain doji.
HANG SENG
The HANG SENG is bouncing on its 50 DMA and negative trend lines. Currently these lines are acting as support.
NYSE & NASDAQ Stocks
NVIDIA Corporation
The most awaited earnings report for this year: NVIDIA. We had a selloff ahead of the earnings that dragged indexes in the US down. At the end of today we will know?
Bank of America Corp
One analyst is boosting Bank of America and JP Morgan as growth stocks for 2024. You will notice on the chart that it reported a 50% drop in profit earlier. Currently the share price is in a sideways channel.
JSE Stocks
JSE All Shares
The US drop also dragged the JSE All Shares lower.
Shoprite Holdings Ltd
Shoprite is busy with a short-term rally that made it close on its negative trend line.
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.
