Analytics, News, and Forecasts for CFD Markets: stock news — 26-06-2020.

U.S. stock-index futures fell slightly on Friday, as investors assessed the implications of Federal Reserve bank stress test results and re-acceleration in new coronavirus cases in the U.S.

Global Stocks:

FXStreet reports that analysts at Credit Suisse note that S&P 500 moved back higher late in the session on Thursday, however focus remains on the crucial 200-day average at 3024/21 as a break below here would suggest the correction can extend further.

“S&P 500 reversed back higher on Thursday late in the session, moving back into its prior tight range after holding above the key 200-day average at 3024/21. However, the recent ‘island top’ and turn lower in daily MACD momentum keeps us biased towards further consolidation and likely a deeper correction lower.” 

“The 200-day average at 3024/21 remains crucial, as a close below here would confirm that a more concerted correction lower can indeed emerge, with the next support then seen at the 2966 low, before the 38.2% retracement of the entire rally from March at 2835. We will be watching closely if MACD turns outright negative and whether volume picks up should the market continue lower to determine whether or not we are dealing with a more concerted setback.” 

“Near-term resistance now moves to the 13-day exponential average at 3094, above which would neutralize the recent downside pressure and expose the next short term resistances at 3115, then the prior range top at 3153/56.”

(company / ticker / price / change ($/%) / volume)

Amazon (AMZN) target raised to $3333 from $2750 at Deutsche Bank

Tesla (TSLA) target raised to $900 from $850 at Deutsche Bank; maintain Hold

Boeing (BA) downgraded to Mkt Perform from Outperform at Bernstein; target $165

NIKE (NKE) reported Q4 FY 2020 loss of $0.51 per share (versus earnings of $0.62 per share in Q4 FY 2019), worse than analysts’ consensus estimate of $0.04 per share.

The company’s quarterly revenues amounted to $6.313 bln (-38.0% y/y), missing analysts’ consensus estimate of $7.261 bln.

NKE fell to $98.28 (-3.08%) in pre-market trading.