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Crude Oil Price Forecast: Potential Bullish Reversal Emerges After Sharp Decline
FX Empire· 2025-05-01 20:47
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
Bullish Signals Mount as Q1 Earnings Surprise to the Upside
ZACKS· 2025-05-01 16:55
Market Overview - The S&P 500 and Dow Jones Industrial Average have risen for seven consecutive days, indicating a potential eighth gain, marking a turnaround from recent volatility [1] - A breadth thrust has led to renewed buying pressure, with 70% or more advancing issues in each session during a three-day stretch [2] Earnings Season Insights - The first-quarter earnings season is halfway through, with 256 S&P 500 companies reporting a 14% increase in total earnings and 4% higher revenues compared to the previous year [3] - Meta Platforms (META) reported earnings of $6.43 per share on revenues of $42.3 billion, beating estimates by 23.2% and 2.6% respectively, and provided upbeat revenue guidance [4][5] - Microsoft (MSFT) surpassed fiscal Q3 estimates with earnings of $3.46 per share, an 8.1% surprise, and cloud revenue of $42.4 billion, up over 20% year-over-year [7] Economic Data and Federal Reserve Implications - The US economy contracted at an annual rate of 0.3% in Q1, lower than the expected 0.1%, marking the first quarter of negative growth since Q1 2022 [9][10] - The core PCE index, the Fed's preferred inflation gauge, remained flat over the prior month, with a 12-month increase of 2.6%, aligning with estimates [11] - Market participants are anticipating four rate cuts this year, with the odds of a June rate cut climbing to approximately 67% following the latest inflation data [12] Market Sentiment and Future Outlook - A broad breadth thrust indicates a potential resumption of a longer-term bullish trend, although major US indexes are nearing potential resistance areas [13] - Positive reactions to earnings are crucial for sustaining market momentum as the first-quarter earnings season continues [14]
Nasdaq 100: Bullish Rebound in Tech Stocks Today on Strong Microsoft, Meta Earnings
FX Empire· 2025-05-01 13:20
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...