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The SPX500 has charted a series of lower peaks followed by lower troughs on its weekly chart. This puts the weekly into a defined downtrend. Importantly, the down trend’s trendline has shifted down from the green trendline to the orange trendline. This indicates that the downtrend is accelerating. It is not surprising to see the weekly RSI on the bearish side of 50 (green rectangle). The longer it maintains below…
The ecommerce and tech giant posted another blockbuster quarter, with enhanced profitability, increased advertising sales and signs of stabilization in its cloud business
Watch today’s US Open for insights on the rate hold by the European Central Bank, the impressive Q3 results of Meta Platforms, key upcoming events and more
Microsoft’s financial results for the September quarter came in better than expected. Part of this was due to the company’s cloud computing business. Importantly its Azure cloud business was up 28% on a constant currency basis, better than the 25%-26% company forecast. Of the 28%, three percentage points came from AI services, which bodes well for Microsoft (MSFT.us) as its AI offering are weighted towards the second half of the…
The social media giant continued its comeback with record profit and revenue in Q3, helped by the rebound in advertising, but also warned of softness in the current quarter
The two tech giants at the forefront of artificial intelligence reported strong results on Tuesday, but Microsoft saw an acceleration in cloud revenue due to AI, as Google appears to lag in monetization
Watch today’s US Open for insights on the US yield moderation, the oil industry’s M&A activity, incoming earnings from tech giants like Meta and more
The market seems to be cheering Netflix’s (NFLX.us) Q3 results. Released after the market close last week Wednesday, 18 October, the Q3 results showed that nearly 8.8m net new subscribers were added for the quarter. This is the highest number in years.
Treasury yields are pulling back from their multi-year highs and the index finds some reprieve, turning now to earnings from tech giants like Meta and a series of high-impact economic releases
US oil and gas giant Chevron announced its plans to acquire Hess Corporation, in another sign of the consolidation in the energy industry, just days after ExxonMobil’s deal to buy Pioneer Natural Resources
Tech giants at the forefront of Artificial Intelligence dominate this week’s calendar, with Microsoft, Alphabet, Meta and Amazon reporting
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