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Recently the Dow Jones Industrial Average and the Dow Jones Transportation Average have both charted 52-week highs. According to Dow Theory this is a promising outlook for a wider bull market. This strategy has a strong historical track record in identifying primary trends in stocks.
Last week I wrote how the GER30 was setting up to tackle its overhead resistance once again. The 16,300-16,400 levels were hit four times since mid-November 2021 and each time price was repelled. However, this time there are signs that the bulls may overpower the key level.
Watch today’s US Open for insights on the latest policy decisions by the US Fed and its European counterpart (ECB), the strong quarterly results by social media giant Meta Platforms and more
The Facebook-parent company has been on a roll this year, with cost-cutting measures, renewed attention to AI and launch of a new platform and Wednesday’s Q2 results reinforced this narrative
The two rivals in the Artificial Intelligence (AI) arena reported overall strong results on Tuesday, although Microsoft’s forward guidance disappointed markets
After a losing week, NAS100 is subdued as markets brace for the Fed and earnings from tech giants Alphabet, Microsoft and Facebook-parent Meta Platforms
The GER30 is preparing to attack overhead resistance.
The social media giant is having a very good year, with improved financials, cost cutting measures and a renewed focus on Artificial Intelligence. However, pitfalls still loom, ahead of the July 26 Q2 earnings
After last year’s adversities, the streaming giant changed key aspects of its business, with password sharing crackdown and the ad-supported tier, which boosted subscriptions and revenues according to Wednesday’s results
The SPX500 has a strong tailwind and underlying momentum. However, the index does exhibit signs of froth that will need to be cleared.
Microsoft (MSFT.us) jumped close to 4% in yesterday’s trade, reaching an all-time high after announcing its pricing strategy for a new artificial intelligence subscription service for Microsoft 365. The company said Microsoft 365 Copilot software will cost $30 per month, adding AI capabilities to Word, PowerPoint, Excel, Outlook and Teams.
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