Although Apple news claimed that the company “beat expectations,” the stock gapped up and quickly reversed, then moved down further. This is due to their Guidance for the next quarter. Many companies are able to beat the analysts’ estimates, but forecast lower for next earnings season.
Next week starts the earnings season in the US (the second quarter of 2019). Leading US stock indices currently show historical highs, but analysts are quite skeptical about the upcoming financial results from leading companies.
According to a survey conducted by S&P Global Market Intelligence, it is expected that almost all 11 sectors of the S&P 500 index will...
Ford Motor Company has been in an intermediate-term bottoming formation that completed recently. The stock gapped after a strong earnings report. The stock has sustained the gains from the gap. The stock may shift sideways or consolidate before resuming an uptrend.
Prior to its earnings report, Google's stock had been running speculatively. There were warnings from Google about its report that were ignored by smaller funds and the retail crowd. Google had a massive HFT gap down the following day.