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KardelS

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- KardelSKardelS
  ·2023-04-20
  Time to get rdy
  Pre-Bell｜Nasdaq Futures Fall 1%; Tesla Shares Tumble As Profit Margins Disappoint
  Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker p
  Pre-Bell｜Nasdaq Futures Fall 1%; Tesla Shares Tumble As Profit Margins Disappoint
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- KardelSKardelS
  ·2021-03-17
  Loving the bullish sentiments
  The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says
  The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.
  The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says
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to get rdy","listText":"Time to get rdy","text":"Time to get rdy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944497963","repostId":"1139740733","repostType":2,"repost":{"id":"1139740733","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1681992144,"share":"https://ttm.financial/m/news/1139740733?lang=&edition=fundamental","pubTime":"2023-04-20 20:02","market":"us","language":"en","title":"Pre-Bell｜Nasdaq Futures Fall 1%; Tesla Shares Tumble As Profit Margins Disappoint","url":"https://stock-news.laohu8.com/highlight/detail?id=1139740733","media":"Tiger Newspress","summary":"Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker p","content":"<html><head></head><body><p>Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker posted its lowest quarterly gross margin in two years, while prospects of U.S. interest rates staying higher for a longer kept investors jittery.</p><h2>Market Snapshot</h2><p>At 7:52 a.m. ET, Dow e-minis were down 168 points, or 0.49%, S&amp;P 500 e-minis were down 30 points, or 0.72%, and Nasdaq 100 e-minis were down 130 points, or 0.99%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae673c484c096ca28a0a4804a0bdffc3\" tg-width=\"407\" tg-height=\"201\"/></p><h2>Pre-Market Movers</h2><p><strong>Tesla (TSLA)</strong> - The electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.3% in premarket trading.</p><p><strong>Bed Bath &amp; Beyond (BBBY)</strong> - Bed Bath &amp; Beyond is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled 23.6% in premarket trading Thursday. </p><p><strong>Taiwan Semiconductor Manufacturing (TSM)</strong> - U.S.-listed shares of TSMC rose 0.4% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. </p><p><strong>AT&amp;T (T)</strong> - Telecommunications giant AT&amp;T reported first-quarter earnings and revenue lower than a year earlier, while subscriber growth slowed. AT&amp;T was down 4.6% in premarket trading.</p><p><strong>Las Vegas Sands (LVS)</strong> - the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 5.3% in premarket trading.</p><p><strong>Nokia (NOK)</strong> - American depositary receipts of Nokia declined 8% after the Finnish telecommunications company’s first-quarter profit missed analysts’ estimates.</p><p><strong>F5 (FFIV)</strong> - F5 said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7%.</p><p><strong>Philip Morris (PM)</strong> - The tobacco company fell 0.5% after offering second-quarter earnings guidance that landed below expectations.</p><p><strong>American Express (AXP)</strong> - Shares of American Express fell 1.1% in premarket trading Thursday after the credit card company delivered worse-than-expected first-quarter earnings even after posting record-high quarterly revenue.</p><p><strong>International Business Machines (IBM)</strong> - The information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.1% in premarket trading.</p><p><strong>D.R. Horton (DHI)</strong> - D.R. Horton shares rose 4.6% in premarket trading after the home builder posted better-than-expected fiscal second-quarter earnings.</p><p><strong>Zions Bancorp (ZION)</strong> - Zions Bancorp fell 4.5% after the regional bank reported first-quarter earnings that missed Wall Street estimates and said deposits declined 16%.</p><p><strong>Comerica (CMA)</strong> - Comerica shares lost 2.3% after the regional bank posted a decline in deposits, and KeyCorp (KEY) fell 3.2% after reporting worse-than-expected quarterly earnings.</p><p><strong>AutoNation (AN)</strong> - AutoNation shares were fall 2.8% after the car dealer posted first-quarter earnings of $6.07 a share, higher than $5.78 a share recorded a year earlier.</p><p><strong>Alcoa (AA)</strong> - In the first quarter, Alcoa posted an unexpected adjusted loss of 23 cents per share. Analysts had expected a profit of 3.1 cents per share. The shares dropped 2.6% in premarket trading Thursday.</p><h2>Market News</h2><h3>Tesla’s Profit Margins Drop on Aggressive Discounts</h3><p>Tesla missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition.</p><p>Elon Musk-led Tesla reported a total gross profit margin of 19.3 percent, compared with expectations of 22.4 percent, according to 14 analysts polled by Refinitiv. This was the lowest since the fourth quarter of 2020.</p><p>Elon Musk indicated Tesla will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.</p><h3>Elon Musk&#39;s SpaceX Set to Launch First Test Flight of Starship Rocket System</h3><p>Elon Musk&#39;s SpaceX aimed on Thursday to launch the company&#39;s next-generation Starship spacecraft atop its powerful Super Heavy rocket for the first time, on a highly anticipated but brief uncrewed test flight from the Gulf Coast of Texas.</p><p>Final preparations were under way at the company&#39;s Starbase launch site east of Brownsville, Texas, for a liftoff three days after an earlier launch attempt was scrubbed near the end of the countdown due to a frozen pressurization valve.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq Futures Fall 1%; Tesla Shares Tumble As Profit Margins Disappoint</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Nasdaq Futures Fall 1%; Tesla Shares Tumble As Profit Margins Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-20 20:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker posted its lowest quarterly gross margin in two years, while prospects of U.S. interest rates staying higher for a longer kept investors jittery.</p><h2>Market Snapshot</h2><p>At 7:52 a.m. ET, Dow e-minis were down 168 points, or 0.49%, S&amp;P 500 e-minis were down 30 points, or 0.72%, and Nasdaq 100 e-minis were down 130 points, or 0.99%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae673c484c096ca28a0a4804a0bdffc3\" tg-width=\"407\" tg-height=\"201\"/></p><h2>Pre-Market Movers</h2><p><strong>Tesla (TSLA)</strong> - The electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.3% in premarket trading.</p><p><strong>Bed Bath &amp; Beyond (BBBY)</strong> - Bed Bath &amp; Beyond is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled 23.6% in premarket trading Thursday. </p><p><strong>Taiwan Semiconductor Manufacturing (TSM)</strong> - U.S.-listed shares of TSMC rose 0.4% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. </p><p><strong>AT&amp;T (T)</strong> - Telecommunications giant AT&amp;T reported first-quarter earnings and revenue lower than a year earlier, while subscriber growth slowed. AT&amp;T was down 4.6% in premarket trading.</p><p><strong>Las Vegas Sands (LVS)</strong> - the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 5.3% in premarket trading.</p><p><strong>Nokia (NOK)</strong> - American depositary receipts of Nokia declined 8% after the Finnish telecommunications company’s first-quarter profit missed analysts’ estimates.</p><p><strong>F5 (FFIV)</strong> - F5 said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7%.</p><p><strong>Philip Morris (PM)</strong> - The tobacco company fell 0.5% after offering second-quarter earnings guidance that landed below expectations.</p><p><strong>American Express (AXP)</strong> - Shares of American Express fell 1.1% in premarket trading Thursday after the credit card company delivered worse-than-expected first-quarter earnings even after posting record-high quarterly revenue.</p><p><strong>International Business Machines (IBM)</strong> - The information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.1% in premarket trading.</p><p><strong>D.R. Horton (DHI)</strong> - D.R. Horton shares rose 4.6% in premarket trading after the home builder posted better-than-expected fiscal second-quarter earnings.</p><p><strong>Zions Bancorp (ZION)</strong> - Zions Bancorp fell 4.5% after the regional bank reported first-quarter earnings that missed Wall Street estimates and said deposits declined 16%.</p><p><strong>Comerica (CMA)</strong> - Comerica shares lost 2.3% after the regional bank posted a decline in deposits, and KeyCorp (KEY) fell 3.2% after reporting worse-than-expected quarterly earnings.</p><p><strong>AutoNation (AN)</strong> - AutoNation shares were fall 2.8% after the car dealer posted first-quarter earnings of $6.07 a share, higher than $5.78 a share recorded a year earlier.</p><p><strong>Alcoa (AA)</strong> - In the first quarter, Alcoa posted an unexpected adjusted loss of 23 cents per share. Analysts had expected a profit of 3.1 cents per share. The shares dropped 2.6% in premarket trading Thursday.</p><h2>Market News</h2><h3>Tesla’s Profit Margins Drop on Aggressive Discounts</h3><p>Tesla missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition.</p><p>Elon Musk-led Tesla reported a total gross profit margin of 19.3 percent, compared with expectations of 22.4 percent, according to 14 analysts polled by Refinitiv. This was the lowest since the fourth quarter of 2020.</p><p>Elon Musk indicated Tesla will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.</p><h3>Elon Musk&#39;s SpaceX Set to Launch First Test Flight of Starship Rocket System</h3><p>Elon Musk&#39;s SpaceX aimed on Thursday to launch the company&#39;s next-generation Starship spacecraft atop its powerful Super Heavy rocket for the first time, on a highly anticipated but brief uncrewed test flight from the Gulf Coast of Texas.</p><p>Final preparations were under way at the company&#39;s Starbase launch site east of Brownsville, Texas, for a liftoff three days after an earlier launch attempt was scrubbed near the end of the countdown due to a frozen pressurization valve.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居","LVS":"金沙集团","PM":"菲利普莫里斯","ZION":"齐昂银行","IBM":"IBM","TSM":"台积电","CMA":"联信银行","AN":"车之国公司","TSLA":"特斯拉","AA":"美国铝业","FFIV":"F5 Inc",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","NOK":"诺基亚","T":"美国电话电报","DHI":"霍顿房屋","AXP":"美国运通",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139740733","content_text":"Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker posted its lowest quarterly gross margin in two years, while prospects of U.S. interest rates staying higher for a longer kept investors jittery.Market SnapshotAt 7:52 a.m. ET, Dow e-minis were down 168 points, or 0.49%, S&P 500 e-minis were down 30 points, or 0.72%, and Nasdaq 100 e-minis were down 130 points, or 0.99%.Pre-Market MoversTesla (TSLA) - The electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.3% in premarket trading.Bed Bath & Beyond (BBBY) - Bed Bath & Beyond is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled 23.6% in premarket trading Thursday. Taiwan Semiconductor Manufacturing (TSM) - U.S.-listed shares of TSMC rose 0.4% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter. AT&T (T) - Telecommunications giant AT&T reported first-quarter earnings and revenue lower than a year earlier, while subscriber growth slowed. AT&T was down 4.6% in premarket trading.Las Vegas Sands (LVS) - the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 5.3% in premarket trading.Nokia (NOK) - American depositary receipts of Nokia declined 8% after the Finnish telecommunications company’s first-quarter profit missed analysts’ estimates.F5 (FFIV) - F5 said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7%.Philip Morris (PM) - The tobacco company fell 0.5% after offering second-quarter earnings guidance that landed below expectations.American Express (AXP) - Shares of American Express fell 1.1% in premarket trading Thursday after the credit card company delivered worse-than-expected first-quarter earnings even after posting record-high quarterly revenue.International Business Machines (IBM) - The information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.1% in premarket trading.D.R. Horton (DHI) - D.R. Horton shares rose 4.6% in premarket trading after the home builder posted better-than-expected fiscal second-quarter earnings.Zions Bancorp (ZION) - Zions Bancorp fell 4.5% after the regional bank reported first-quarter earnings that missed Wall Street estimates and said deposits declined 16%.Comerica (CMA) - Comerica shares lost 2.3% after the regional bank posted a decline in deposits, and KeyCorp (KEY) fell 3.2% after reporting worse-than-expected quarterly earnings.AutoNation (AN) - AutoNation shares were fall 2.8% after the car dealer posted first-quarter earnings of $6.07 a share, higher than $5.78 a share recorded a year earlier.Alcoa (AA) - In the first quarter, Alcoa posted an unexpected adjusted loss of 23 cents per share. Analysts had expected a profit of 3.1 cents per share. The shares dropped 2.6% in premarket trading Thursday.Market NewsTesla’s Profit Margins Drop on Aggressive DiscountsTesla missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition.Elon Musk-led Tesla reported a total gross profit margin of 19.3 percent, compared with expectations of 22.4 percent, according to 14 analysts polled by Refinitiv. This was the lowest since the fourth quarter of 2020.Elon Musk indicated Tesla will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.Elon Musk's SpaceX Set to Launch First Test Flight of Starship Rocket SystemElon Musk's SpaceX aimed on Thursday to launch the company's next-generation Starship spacecraft atop its powerful Super Heavy rocket for the first time, on a highly anticipated but brief uncrewed test flight from the Gulf Coast of Texas.Final preparations were under way at the company's Starbase launch site east of Brownsville, Texas, for a liftoff three days after an earlier launch attempt was scrubbed near the end of the countdown due to a frozen pressurization valve.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324329752,"gmtCreate":1615966870676,"gmtModify":1704789023291,"author":{"id":"3574724920229196","authorId":"3574724920229196","name":"KardelS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574724920229196","authorIdStr":"3574724920229196"},"themes":[],"htmlText":"Loving the bullish sentiments","listText":"Loving the bullish sentiments","text":"Loving the bullish sentiments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324329752","repostId":"1180242005","repostType":4,"repost":{"id":"1180242005","pubTimestamp":1615966420,"share":"https://ttm.financial/m/news/1180242005?lang=&edition=fundamental","pubTime":"2021-03-17 15:33","market":"us","language":"en","title":"The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says","url":"https://stock-news.laohu8.com/highlight/detail?id=1180242005","media":"Business Insider","summary":"The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.","content":"<ul>\n <li><b>The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.</b></li>\n <li><b>The bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,270 price target on the S&amp;P 500.</b></li>\n <li><b>\"Seasonality shines in April, which is the strongest month of the November to April period and is up 66% of the time,\" BofA said.</b></li>\n</ul>\n<p>Record highs in the stock market will continue to be made over the next few weeks if a Tuesday note from Bank of America pans out.</p>\n<p>The bank expects the S&amp;P 500 to hit a 4,270 price target derived from&nbsp;a bullish cup and handle pattern, which represents potential upside of 8% from Monday's close.</p>\n<p>And it's a bullish backdrop for stocks to continue their uptrend based on seasonality data, as April is the strongest month of the best 6-month period of the year, according to the note.</p>\n<p>\"Seasonality shines in April, which is the strongest month of the November-April period and is up 66% of the time with an average return of 1.37%,\" BofA said. The bank's seasonality analysis is based on data going back to 1928.</p>\n<p>On top of that, April is the second best month behind July in terms of average return, and the second best month behind December in terms of the percentage of time up, according to BofA.</p>\n<p>From a technical perspective, BofA highlights big picture levels on the S&amp;P 500, based on a bullish cup and handle pattern formed last year. A cup and handle often resembles a cup, formed by a basing pattern that typically looks like a \"U,\" followed by a handle that is formed by a short-term down trend. This pattern usually extends an uptrend that is already in place.</p>\n<p>BofA's 4,270 price target on the S&amp;P 500 is based on a measured move of the depth of the cup formed in March of 2020 and the eventual breakout later in July.</p>\n<p>Also favoring continued upside for the S&amp;P 500 is new highs in Advance/Decline line, which indicates that underlying market breadth is strong. The Advance/Decline line measures the difference of stocks that are moving higher or lower on a daily basis.</p>\n<p>\"A bullish A-D line sets up the S&amp;P 500 for a breakout above 3,950 - 3,960 that would favor upside to 4,065 next with the 2020 cup and handle target at 4,270,\" BofA said.</p>\n<p>And if the S&amp;P 500 does falter, investors should look to big picture support levels at 3,700, 3,550, and 3,200, BofA highlighted.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5e8c7f39d815d6d80277066e3cc5145\" tg-width=\"790\" tg-height=\"442\"><span>Bank of America</span></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.\nThe bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180242005","content_text":"The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.\nThe bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,270 price target on the S&P 500.\n\"Seasonality shines in April, which is the strongest month of the November to April period and is up 66% of the time,\" BofA said.\n\nRecord highs in the stock market will continue to be made over the next few weeks if a Tuesday note from Bank of America pans out.\nThe bank expects the S&P 500 to hit a 4,270 price target derived from a bullish cup and handle pattern, which represents potential upside of 8% from Monday's close.\nAnd it's a bullish backdrop for stocks to continue their uptrend based on seasonality data, as April is the strongest month of the best 6-month period of the year, according to the note.\n\"Seasonality shines in April, which is the strongest month of the November-April period and is up 66% of the time with an average return of 1.37%,\" BofA said. The bank's seasonality analysis is based on data going back to 1928.\nOn top of that, April is the second best month behind July in terms of average return, and the second best month behind December in terms of the percentage of time up, according to BofA.\nFrom a technical perspective, BofA highlights big picture levels on the S&P 500, based on a bullish cup and handle pattern formed last year. A cup and handle often resembles a cup, formed by a basing pattern that typically looks like a \"U,\" followed by a handle that is formed by a short-term down trend. This pattern usually extends an uptrend that is already in place.\nBofA's 4,270 price target on the S&P 500 is based on a measured move of the depth of the cup formed in March of 2020 and the eventual breakout later in July.\nAlso favoring continued upside for the S&P 500 is new highs in Advance/Decline line, which indicates that underlying market breadth is strong. The Advance/Decline line measures the difference of stocks that are moving higher or lower on a daily basis.\n\"A bullish A-D line sets up the S&P 500 for a breakout above 3,950 - 3,960 that would favor upside to 4,065 next with the 2020 cup and handle target at 4,270,\" BofA said.\nAnd if the S&P 500 does falter, investors should look to big picture support levels at 3,700, 3,550, and 3,200, BofA highlighted.\nBank of America","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}