Market News

We estimate that Verizon’s revenue will come in at about $33.8 billion for the quarter, rising by about 2.5% versus last year and slightly ahead of consensus estimates. Daily price broker Ichimoku cloud to above for the possible bullish reversal with 54,37 target to re-enter for 54.70 possible finaly daily target.

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"Tesla shareholders can’t be happy" about the Twitter deal potentially diverting Elon Musk's attention, one analyst says.

Intra-day chart is on bearish breakdown by breaking 875 support level to below for the strong bearish trend to be continuing. Besides, the breakdown with possible bearish reversal is already started for the daily price.

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Revenues expected to be above the consensus estimates Trefis estimates Honeywell’s Q1 2022 revenues to be around $8.4 billion, compared to the $8.3 billion consensus estimate.

The daily price is on ranging within Ichinoku cloud within 185 and 200 support-resistance levels waiting for the direction of the bearish reversal to be started or the bullish trend to be resumes.

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Booking Holdings (NASDAQ: BKNG), the world’s largest online travel agency that offers services from lodging to airline tickets to car rentals, is scheduled to announce its fiscal first-quarter results on Wednesday, May 4. We expect the company’s stock to likely trade higher with revenues and earnings beating market expectations.

Daily price broker Ichimoku cloud to below for the primary bearish breakdown: the price was stopped by 2061 support level, and if the price breaks this support so the bearish trend will be continuing, if not so the secondary ranging will be started.

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During this period, the company also witnessed a favorable rise in its P/S multiple, and a substantial drop in the outstanding share count, which further boosted the company’s revenue per share.

The daily price is ranging near and below Ichimoku cloud for waiting for direction with primary daily bullish reversal by the Ichimoku cloud to be crossed from below or to the primary bearish trend to be resumed by 130 support level to be beaking to below.

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The S&P 500 could remain biased to the downside in the coming days on overly bearish sentiment. The April US PCE report could be the next big catalyst for stocks.

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Experts have warned that recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla’s nearly 100,000 workers.

The daily price is ranging below 200 SMA in the bearish area of the chart for trying to break symmatric triangle pattern with 620/792 support/resistance level waiting for direction of the strong trend to be started.

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The selloff in Tesla shares this year presents an “attractive entry point” for investors: daily price was bounced from 620 support level to above 792 target to re-enter to the possible daily bullish reversal to be started as the final target.

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China’s best-known e-commerce stocks fell. Among them, Alibaba lost 10.3% to $98.52, and Pinduoduo dropped 9.2% to $54.41, both worse than the percentage declines in the Nasdaq and S&P.
Social media BiliBili also had 10% of its value wiped out, falling to $23.49. Search engine Baidu lost 7.7% to $131.88.

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Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple.
By the way, the monthly price broke Ichimoku cloud by close MN bar for the reversal to the primary bearish market condition: the price is breaking support level at 63 to below for the primary bearish trend to be continuing.

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