TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stocks drop as bond selloff deepens, Dollar gains.
- Stocks fall as weak treasury sale lifts US yields.
- Chinese tech stocks teetering on edge of technical correction.
MarketWatch:
- Salesforce’s stock tumbles as earnings provide latest dose of software-sector pain.
- C3.ai rides ‘intensified ‘wave of AI demand as revenue jumps 20%
- HP reduces rate of of sales declines while looking ahead to AI PC boom.
- American Airlines drops its upbeat profit guidance, and stock drops 6%.
- Nvidia’s market cap hasn’t been this close to Apple’s since 2009.
yahoo! finance:
- Nelson Peltz sells entire Disney stake after proxy battle loss.
- Google’s AI fails ‘will slowly erode our trust’ in the tech giant.
- Investors set a high bar for Dell earnings amid AI boom.
- Elon Musk’s startup xAI said it raised $6 billion in a recent funding round and plans to use Nvidia chips to build a new ‘supercomputer’.
- BHP asks for more time in last-minute plea to Anglo American.
It was Elon Musk’s new ‘supercomputer’ that gave Nvidia another boost.
Global Indexes
S&P 500
The S&P 500 had a selloff that made it close below its EMA8 line.
DAX
Similar for the DAX.
HANG SENG
The downward trend for the HANG SENG is already well established with 6 closes below its EMA8 line.
NYSE & NASDAQ Stocks
NVIDIA
Nvidia surged 7% on Tuesday to close at a new record after Elon Musk reportedly told xAI shareholders the company planned to build a supercomputer that would require 100,000 semiconductors to train and run AI.
Caterpillar Inc
CAT is already busy with leg c of its abc correction closing below the average projection of $345 by analysts.
JSE Stocks
JSE All Shares
The negative trend of the JSE All Shares was extended ahead of election day. It will most probably follow global markets lower today.
WE BUY CARS Holdings Ltd
We have not shown WBC since its launch on the JSE as technical data was not enough. What can be seen is that the share gained 25% the past month.
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.
