{"id":185460,"date":"2025-04-27T21:53:11","date_gmt":"2025-04-28T01:53:11","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185460"},"modified":"2025-04-28T08:56:58","modified_gmt":"2025-04-28T12:56:58","slug":"tech-talk-for-monday-april-28th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/27\/tech-talk-for-monday-april-28th-2025\/","title":{"rendered":"Tech Talk for Monday April 28th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday April 28th<\/sup><\/em><\/strong><\/font><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 4 points at 8:30 AM EDT.<\/em><\/p>\n

Domino\u2019s Pizza<\/b> dropped $12.35 to $475.23 after reporting less than consensus first quarter revenues.<\/em><\/p>\n

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AbbVie<\/b> added $0.26 to $186.32 after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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Nvidia<\/b> dropped $1.63 to $109.38 after Huawei launched a new chip called Ascend 9100 that will compete against Nvidia\u2019s higher level chips.<\/em> <\/p>\n

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Eli Lilly<\/b> dropped $13.91 to $870.63 after HSBC downgraded the stock.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 28th<\/sup><\/strong><\/font><\/em><\/p>\n

Transportation stocks failed to participate in Friday\u2019s broad market gain, providing a troubling sign for the market and the economy moving forward. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/25\/stock-market-outlook-for-april-28-2025\/<\/em><\/a><\/p>\n

Technical Scoop for April 28th<\/sup><\/strong><\/font> from David Chapman and <\/em>www.EnrichedInvesting.com<\/em><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/a><\/p>\n

<\/strong><\/font><\/p>\n

The Bottom Line<\/strong><\/font><\/p>\n

First quarter results released to date by major North American companies have been a pleasant surprise.<\/b> Most large cap companies significantly exceeded consensus earnings estimates. Equity prices responded accordingly. Strength in equity prices was recorded despite concerns about U.S. tariff wars that prompted analysts to lower earnings and revenue estimates for the remainder of 2025.<\/p>\n

Focuses this week are on quarterly reports released by big cap technology companies<\/b>. 180 S&P 500 companies have reported to date. Another 180 companies are scheduled to report this week.<\/p>\n

Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font><\/p>\n

Source: www.factset.com<\/a><\/p>\n

Analyst estimates for earnings gains for the first quarter of 2025 increased substantially last week after reported results significantly exceeded consensus: <\/b>36% of S&P 500 companies have reported to date. <\/b>Consensus <\/b>for first quarter earnings now calls for a 10.1% increase on a year-over-year basis, up from 7.2% last week. Consensus for first quarter revenues growth dropped to 4.6% from 5.3%.<\/p>\n

Analyst estimates for 2025 beyond the first quarter once again were reduced significantly<\/b>. Analysts are responding to frequent company comments that \u201cAlthough first quarter results were better than expected, we are cautious about future quarters<\/b>\u201d. Consensus for second quarter earnings gains dropped to 6.4% from 7.2% last week. Consensus for second quarter revenue gains dropped to 4.0% from 4.2%. Consensus for third quarter earnings gains dropped to 8.8% from 9.7% last week. Consensus for third quarter revenue growth dropped to 4.8% from 5.0%. Consensus for fourth quarter earnings gains dropped to 8.3% from 9.3% last week. Consensus for fourth quarter revenue gains dropped to 5.0% from 5.6%.<\/p>\n

For all of 2025,<\/b> earnings are expected to increase 9.7%, down from a 10.0% increase last week. Consensus for revenue gains slipped to 5.0% from 5.1%.<\/p>\n

For all of 2026<\/b>, earnings are expected to increase 13.8%, down from 14.2% last week. Revenues are expected to increase 6.3%, down from 6.4%.<\/p>\n

Economic News This Week<\/strong><\/font><\/p>\n

Canadian Federal Election<\/b> is held on Monday<\/p>\n

March Wholesale Inventories<\/b> released at 8:30 AM EDT on Tuesday are expected to increase 0.6% versus a 0.3% gain in February.<\/p>\n

U.S. First Quarter GDP update<\/b> released at 8:30 AM EDT on Wednesday is expected to grow 0.4% versus a 2.4% gain in the fourth quarter. <\/p>\n

Canada\u2019s February GDP<\/b> released at 8:30 AM EDT on Wednesday is expected to be unchanged versus a 0.4% gain in January. <\/p>\n

April Chicago PMI<\/b> released at 9:45 AM EDT on Wednesday is expected to drop to 45.9 from 47.6 in March.<\/p>\n

March Core PCE Price Index<\/b> released at 10:00 AM EDT on Wednesday is expected to increase 0.1% versus a 0.4% gain in February.<\/p>\n

March Personal Income<\/b> released at 10:00 AM EDT on Wednesday is expected to increase 0.4% versus a 0.8% gain in February. March Personal Spending <\/b>is expected to increase 0.6% versus a 0.4% gain in February<\/p>\n

March U.S. Construction Spending<\/b> released at 10:00 AM EDT on Thursday is expected to increase 0.3% versus a 0.7% gain in February.<\/p>\n

April ISM Manufacturing PMI<\/b> released at 10:00 AM EDT on Thursday is expected to drop to 48.0 from 49.0 in March.<\/p>\n

April Non-farm Payrolls<\/b> released at 8:30 AM EDT on Friday are expected to drop to 129,000 from 228,000 in March. April Unemployment Rate<\/b> is expected to remain unchanged from March at 4.2%. April Average Hourly Earnings<\/b> are expected to increase 0.3% versus a 0.3% gain in March.<\/p>\n

Selected Earnings Reports This Week<\/strong><\/font> <\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for April 25th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for April 25th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font> <\/b><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for April 25th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Michael Campbell\u2019s Money Talks for April 26th<\/sup> 2025<\/b><\/p>\n

April 26 Episode – Michael Campbell’s Money Talks – Omny.fm<\/a><\/p>\n

Silver holding up as gold loosens grip: Mark Leibovit<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/04\/silver-holding-up-as-gold-loosens-grip-mark-leibovit\/<\/a><\/p>\n

<\/b><\/p>\n

Wedbush’s Dan Ives: The only safety in tech right now is software<\/b><\/p>\n

Wedbush’s Dan Ives: The only safety in tech right now is software \u2013 YouTube<\/a><\/p>\n

Jeff Huge Reveals Downside for S&P 500 and Upside for Precious Metals: David Keller<\/b><\/p>\n

Jeff Huge Reveals Downside for S&P 500 and Upside for Precious Metals \u2013 YouTube<\/a><\/p>\n

Strategist talks market signals for investors to watch: Michele Schneider<\/b><\/p>\n

Strategist talks market signals for investors to watch \u2013 YouTube<\/a><\/p>\n

BMO’s Brian Belski on his bullish optimism in the markets<\/b><\/p>\n

BMO’s Brian Belski on his bullish optimism in the markets \u2013 YouTube<\/a><\/p>\n

Market Forces Beyond Control of the Fed: Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/04\/market-forces-beyond-control-of-the-fed-bob-hoye\/<\/a><\/p>\n

Technical Notes for Friday<\/strong><\/font><\/p>\n

Germany iShares <\/b>$EWG moved above $39.36 to an all-time high extending an intermediate uptrend. <\/p>\n

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Chipotle<\/b> $CMG a NASDAQ 100 stock moved above $51.50 completing a double bottom pattern.<\/p>\n

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Gilead <\/b>$GILD a NASDAQ 100 stock moved below $97.32 extending an intermediate downtrend.<\/p>\n

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T-Mobil<\/b> $TMUS an S&P 100 stock moved below $238.65 extending an intermediate downtrend despite reporting impressive quarterly results.<\/p>\n

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Changes last week<\/strong><\/font><\/p>\n

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<\/strong><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer slipped 0.40 on Friday, but gained 8.20 last week to 32.80. It remains Oversold.<\/p>\n

\"clip_image018\"<\/a><\/p>\n

The long term Barometer added 0.60 on Friday and gained 2.80 last week to 34.80. It remains Oversold. Daily trend is up.<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer dropped 3.21 on Friday, but gained 6.42 last week to 50.92. It remains Neutral. Daily trend remains up.<\/p>\n

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The long term Barometer added 0.46 on Friday and gained 5.96 last week to 50.46. It remains Neutral. Daily uptrend remains up.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Monday April 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Domino\u2019s Pizza dropped $12.35 to $475.23 after reporting less than consensus first quarter revenues. AbbVie added $0.26 to $186.32 after reporting higher than consensus first quarter earnings. Nvidia dropped $1.63 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-185460","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=185460"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185460\/revisions"}],"predecessor-version":[{"id":185470,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185460\/revisions\/185470"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}