NAS100 Rally Falters Despite Netflix’s Strong Q3 Results
The tech-heavy index started the week on the offensive after the recent 2+ year lows, but slides today, unable to benefit from the solid quarterly results by streaming giant Netflix
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The tech-heavy index started the week on the offensive after the recent 2+ year lows, but slides today, unable to benefit from the solid quarterly results by streaming giant Netflix
After a dismal first half of the year, the streaming giant staged an impressive turnaround, adding almost 2.5 million new subscribers during the third quarter, as per Tuesday’s earnings report
The NAS100 has a positive sentiment heading into the cash open. The H4 chart on the left shows the index positioned between the upper blue and red bands in its bullish area. However, the hourly chart on the right suggests a potential higher trough (HT?). An hourly close above the green horizontal would increase the likelihood of this scenario and lay the platform for the next higher peak.
The US30 jumped 2% yesterday, pushing the index into its bullish area between the upper blue and red bands. The daily stochastic is heading towards the 80+ area (green rectangle). If it hits and maintains, an underlying bullish momentum will be present.
The earnings season kicked-off in the US during the week of October 10-14, with Delta Airlines and big banks, while Netflix’s ad-supported plan also drew attention amidst a flurry of news
NAS100 started this week in similar fashion to the prior one, since it set fresh two-year lows, as markets gear up for US CPI inflation update and the last earnings season of the year
The last earnings season of the year gets underway in the US this week, against a difficult backdrop for Wall Street and stock markets around the world
During the week of October 3-10 we got another twist in the Musk-Twitter saga, EV start-ups released their latest sales figures, amidst more corporate news, as the latest earnings season is right around the corner
Tuesday marked another episode to the acquisition saga, as Tesla’s CEO offered to buy Twitter at the original price of the April agreement, after previously having backed away from the deal
During the final week of September and Q3, there were many corporate news as the latest earnings season approaches, including Amazon’s new sale event, Nike’s results and more
Against a stagflationary environment and aggressive monetary tightening by the Fed, which are harmful to Wall Street, we take a look at some companies that will be on our radar over the coming months
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