TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks wobble as traders eye Nvidia results.
- S&P 500 hits fresh highs in countdown to Nvidia.
MarketWatch:
- Disney’s Pixar to lay off around 14% of staff in latest industry pullback, report say.
- Target’s price cuts imply earnings may be a concern.
- S&P 500 notches fresh peak as US stocks edge higher ahead of Nvidia earnings.
yahoo! finance:
- Nvidia set for blockbuster earnings release.
- Goldman sees more Dollar strength amid fight against inflation.
- Oil declines as industry report points to swelling US stockpiles.
Nvidia will report its fiscal Q1 earnings after the bell today in a crucial report for both the AI trade and broader stock market.
Keep in mind that the target prices extremes as show on charts (eg. PT 200-250-300) as calculated by about 37 analysts are only one analyst’s prediction and the average price is the more accurate consensus price.
Global Indexes
S&P 500
The S&P 500 closed at a new high extending its positive trend.
DAX
The DAXis uncertain about direction with a hammer candle.
HANG SENG
The HANG SENG is also uncertain with a small body candle sitting on its EMA8 line. We adjusted our positive trend line to coincide with the EMA8 touch.
NYSE & NASDAQ Stocks
Microsoft Corporation
Microsoft reached top resistance which also happens to be the minimum target of one analyst. The bulk of analysts still predicts a price of $477.
Eli Lilly and Co
Eli Lilly broke top resistance with a gap.
JSE Stocks
JSE All Shares
The JSE All Shares is also uncertain with a hammer candle.
Coronation Fund Managers Ltd
Coronation Fund Managers is back in positive territory with a positive Trend Factor. After Frontrunner predicted a new high is coming the share broke an important resistance.
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.
