AAPL, ORCL, V, CRM, CAT, IBM are Testing the 200 DMA, Bet Fail or Succeed?

These 6 stocks in the Dow are testing support at the 200DMA.

The meaning of 200DMA:

The 200-day moving average is a main indicator that tells traders and investors the average closing price of a stock which is observed over 200 days.

The 200-day simple moving average is considered such a critically important trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a "death cross," signaling an upcoming bear market in a stock, index, or other investment.

1. $Apple(AAPL)$

$Apple(AAPL)$ is up 75,000% over the past 20 years after the dotcom bubble burst which means $50,000 invested into $APPL in 2003 is worth $36 million today.

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2.$Oracle(ORCL)$

$Oracle(ORCL)$ Upgraded to Buy by http://StockNews.com, however, Revenue grew 8.7% year-over-year in the last quarter, a significant decline from the company's 18% growth rate during the same period in 2022.

The company is investing heavily in artificial intelligence, but shareholders are not being rewarded for those efforts.

3.$Visa(V)$

$Visa(V)$ closed at $231.54, right above the 200DMA price at 231.30. $Visa(V)$ will report earnings on Tuesday post market , it is rising in pre-market trading.

It reported net income jumped 22% in last quarter. Mizuho analyst Dan Dolev, who expects Visa's revenue to be +10.5%, gives $Visa(V)$ stock a neutral rating and lowered his price target to $240 from $255. Jefferies analyst Trevor Williams has a $280 price target on Visa stock

Let’s keep focus on the results.

4.$Salesforce.com(CRM)$

$Salesforce.com(CRM)$ Wall Street hits Salesforce with a downgrade on Monday, with Piper Sandler downgrading the stock to neutral, citing the potential for slower growth.

Analysts expect the soft macro environment to cause CRM revenue growth to slow to around 11%, below the 20%-plus annual revenue growth the company has regularly achieved over the years.

5.$Caterpillar(CAT)$,

$Caterpillar(CAT)$ will report third-quarter earnings later this month, according to seekingalpha, company likely to beat Q3 earnings estimates.

Caterpillar is on a winning streak this year, beating earnings per share estimates by 29.5% and 21.2% in the past two quarters, respectively. It literally seems unstoppable, and that's already reflected in its stock price: every time it drops, investors buy like crazy. That's why it's far outperformed one of its major peers, $John Deere(DE)$ , so far this year.

6.$IBM(IBM)$

$IBM(IBM)$ is scheduled to announce its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $2.13 per share for the quarter. At last quarter, IBM maintains its full-year forecast.

The above is some simple current news. Given the fundamentals of each stock, what are your short-term views on the above stocks?