Apple Inc. and Walt Disney Co. have developed inside bar patterns on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on longer time frames, such as a four-hour chart. The…
2 Blue-Chip Stocks Consolidate in a Key Pattern: What Will the Break Bring for Apple and Disney?
Twitter Loses Online Hate Speech Court Battle in France
PARIS—Twitter must disclose details on what it does to tackle hate speech online in France, the Paris appeals court ruled on Thursday, handing a win to advocacy groups that say the social network does not do enough. The decision provides ammunition to campaigners elsewhere in Europe who want tougher controls to prevent the spread of…
Amazon to Open First Physical Clothing Store: What Investors (And Shoppers) Need to Know
While many retail companies work to expand their online presence, e-commerce juggernaut Amazon.com Inc is bringing its clothing shopping experience to the physical world. What Happened Amazon on Thursday announced its first-ever physical fashion store, Amazon Style. Amazon Style aims to combine the best features of shopping on Amazon.com with an in-store shopping experience “built to inspire.” The first Amazon Style…
White House Meets Small and Mid-Sized Firms to Discuss Competition in Tech Sector
White House officials met on Wednesday with small and mid-sized companies to discuss competition issues in the tech sector, as momentum grows in the U.S. Congress to rein in large technology companies. The meeting was attended by Bruce Reed, president Joe Biden’s top tech advisor and deputy chief of staff; Brian Deese, director of the…
Wall Street Opens Higher on Upbeat Earnings
Wall Street’s main indexes opened higher on Thursday as results from American Airlines and Travelers kept the positive momentum going for the fourth-quarter earnings season, a day after the tech-heavy Nasdaq index plunged into correction territory. The Dow Jones Industrial Average rose 74.01 points, or 0.21 percent, at the open to 35,102.66. The S&P 500…
Here’s How JP Morgan Views Meta, Amazon, Apple
JPMorgan just shared its view on some significant tech stocks. JPMorgan analyst Doug Anmuth lowered the price target on Meta Platforms Inc. to $385 from $390 (16 percent upside to January 14 closing price) and reiterated an Overweight rating on the shares. The company’s revenue growth will decelerate in 2022 against tough compares, but Meta is making solid progress…
Big Tech Forcing MPs to Self-Censor in Australian Parliament: Craig Kelly MP
Australian members of Parliament are curating their speeches to avoid triggering censorship from Big Tech platforms like YouTube and Facebook, according to United Australia Party (UAP) leader Craig Kelly MP. In a wide-ranging interview with Emeritus Law Professor David Flint, Kelly, who last year resigned from the Liberal Party to join the UAP, said Big Tech companies had become…
Tech Stocks Face Declines After Central Bank Interest Rate Hike Worries
Big tech stocks faced a sea of red on Jan. 18, after rising high during the pandemic, as investors pull back after reports of interest rate hikes this year from central banks. The downturn is being blamed on surging bond yields as investors prepare for the curtailment of Federal Reserve stimulus. High growth firms saw…
Morgan Stanley Bumps Up Alphabet Price by 7.2%
Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8 percent. Nowak updated his models and rolled forward valuations among his Internet sector coverage. Heading into 2022, Nowak said he remains positive on Uber Technologies Inc., Meta Platforms…
US Stock Indexes Bounce Back on Strong Earnings
U.S. stock indexes rose on Wednesday after upbeat results from a host of companies partially offset a wobbly start to the fourth-quarter reporting season, while Big Tech stocks also made a comeback after a bruising selloff. Quarterly reports from UnitedHealth Group Inc. and Procter & Gamble Co. supported sentiment in early trading, while Bank of…
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