empty
17.10.2022 04:29 PM
Oversold in the stock market could be a catalyst for its growth at the end of the year

The oversold stock market could be a catalyst for its growth at the end of the year. This is exactly the opinion Morgan Stanley came to after they released their long-term bearish forecast. It states that US stocks are ripe for short-term growth without an official recession. Suppose the reporting season turns out to be better than expected. In that case, it will provoke a rebound of many indices, especially NASDAQ and S&P, which showed a 25% decline this year, testing a serious level of support around the 200–week moving average.

This image is no longer relevant

Pay attention to the fact that recently, after updating the ready-made lows, the index has rebounded upwards, which indicates that the market is in a state of oversold, which begins to arouse gradual interest among investors, which can become a catalyst for a moderate rally until the end of the year.

However, do not forget that inflation remains a problem until the opposite is proven. The disappointing earnings of companies that we will learn about in the near future, especially from consumer-oriented companies, may provoke another difficult period for the stock market to bring it completely to a deplorable state. Do not forget about the aggravation of the geopolitical situation.

Premarket

Bank of America – shares jumped 3.1% in premarket trading after beating economists' estimates, and the third-quarter earnings report was pretty good. The results were improved by increasing net interest income.

Another bank, Bank of NY Mellon, and its securities rose 4.4% in the premarket after better-than-expected third-quarter results. Net interest income for the quarter increased by 44% compared to last year.

Apple securities gained 1.4% in the premarket amid the fact that Morgan Stanley called the company the "best choice" for its ability to withstand the economic downturn.

As for Meta, as noted in news sources, according to internal documents, the company is not achieving its goals for its flagship metaverse product, "Horizon Worlds." The product has fewer than 200,000 monthly active users, compared to the original goal of 500,000 by the end of this year and the revised year-end goal of 280,000. Despite this, the shares rose 1.6% in the premarket.

In a significant reorganization, Goldman plans to merge its various divisions into three divisions. Investment banking and trading operations will be located in one division, asset and capital management in another, and transactional banking in the third. Goldman gained 1% in the premarket.

Splunk rose 9.1% in premarket trading after the Wall Street Journal reported that activist investor Starboard Value owns under 5% of the software company's shares.

BP is trading at $26 per share and is up 2.2%.

Credit Suisse shares gained 3.2% in premarket trading after the Financial Times reported that the company is ready to sell part of its Swiss bank to raise capital.

As for the technical picture of the S&P500, after the index declines against the background of a weak retail sales report on Friday, traders are now full of optimism again. Purchases at the current lows of the index are more than attractive. Now trading is above $3,661, which creates good prerequisites for further growth of the trading instrument in the area of $3,699. The bulls will expect a breakdown of this level at the beginning of the regular session. Only a break above will strengthen the hope for an upward correction with an exit to the resistance of $3,735. The farthest target will be the $3,773 area. In a downward movement, buyers are simply obliged to declare themselves in the area of $3,661. However, a breakdown of this range will quickly push the trading instrument to $3,621 and open up the possibility of updating support and $3,579 – a new annual minimum for the index.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Atualização sobre o mercado de ações dos EUA em 17 de julho: principais índices de ações consolidando-se abaixo de suas máximas

S&P500 Resumo dos principais índices bolsistas dos EUA na quarta-feira Dow +0.5%, NASDAQ +0.3%, S&P 500 +0,3%, S&P 500 fechou em 6263, sendo negociado numa faixa de 5900 a 6400

Jozef Kovach 17:58 2025-07-17 UTC+2

Mercado de ações em 17 de julho: SP500 e NASDAQ impulsionados por especulações sobre Powell

Ontem, os índices bolsistas dos EUA fecharam em alta. O S&P 500 subiu 0,32%, enquanto o Nasdaq 100 ganhou 0,25%. O Dow Jones Industrial Average fortaleceu-se 0,53%. O dólar recuperou

Jakub Novak 16:20 2025-07-17 UTC+2

Atualização do mercado de ações dos EUA em 16 de julho: queda após os principais relatórios

S&P500 Instantâneo dos principais índices de ações dos EUA na terça-feira Dow -1%, NASDAQ +0.2%, S&P 500 -0,4%, o S&P 500 fechou em 6.243, negociado em uma faixa de 5.900

Jozef Kovach 18:08 2025-07-16 UTC+2

Mercado de ações em 16 de julho: SP500 e NASDAQ caíram acentuadamente em meio às novas tarifas de Trump

Ontem, os índices de ações dos EUA fecharam mistos. O S&P 500 caiu 0,40%, enquanto o Nasdaq 100 ganhou 0,19%. O índice industrial Dow Jones teve uma queda acentuada

Jakub Novak 17:10 2025-07-16 UTC+2

Atualização sobre o mercado de ações dos EUA em 15 de julho: os índices de ações ficaram abaixo dos máximos históricos

S&P500 Principais índices bolsistas mantêm-se próximos dos máximos históricos Resumo dos principais índices bolsistas dos EUA na segunda-feira: Dow +0.2%, NASDAQ +0.3%, S&P 500 +0,1%, o S&P 500 fechou

Jozef Kovach 21:06 2025-07-15 UTC+2

Compra e venda no mercado de ações – 15 de julho de 2025

Compra de ações da Gilead Sciences (#GILD) A Gilead Sciences é uma empresa farmacêutica americana. Ontem, o preço das ações da empresa apresentou uma reversão decisiva a partir do suporte

Laurie Bailey 16:07 2025-07-15 UTC+2

Mercado de ações em 15 de julho: SP500 e NASDAQ voltaram a crescer graças à NVIDIA

Ontem, os índices acionários dos EUA fecharam em alta. O S&P 500 avançou 0,14%, enquanto o Nasdaq 100 subiu 0,27%. Já o Dow Jones Industrial Average registrou ganho de 0,20%

Jakub Novak 15:37 2025-07-15 UTC+2

Atualização sobre o mercado de ações dos EUA em 14 de julho: Trump retorna à guerra tarifária

S&P500 Instantâneo dos principais índices das bolsas dos EUA na sexta-feira Dow -0.6%, NASDAQ -0.2%, S&P 500 -0,3% (o S&P 500 fechou em 6.229, sendo negociado em uma faixa

Jozef Kovach 17:46 2025-07-14 UTC+2

Novas tarifas de Trump, alta do BTC e grandes negócios de IA: sinais que os traders não podem ignorar

Os mercados globais estão mais uma vez sob pressão. O presidente Donald Trump anunciou tarifas de 30% sobre as importações da UE e do México, provocando uma forte reversão

Аlena Ivannitskaya 17:38 2025-07-14 UTC+2

Atualização do mercado de ações dos EUA em 14 de julho: S&P 500 e Nasdaq caem devido às tarifas de Trump

Ontem, os índices de referência do mercado de ações dos EUA fecharam em baixa. O S&P 500 caiu 0,33%, enquanto o Nasdaq 100 recuou 0,22%. O Dow Jones Industrial Average

Jakub Novak 17:05 2025-07-14 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.