Using Trading Central's Market Buzz for understanding market moves, NewMarket Corp (NEU) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours, with 18 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average. (Please note the buzz around the stock has been going on not just for 1 trading day but since the start of the week.)
Into Most Discussed Topics widget, we find "Dividend Guidance Set" & "Earnings Announcement" as, for the first quarter of 2025, NewMarket Corporation reported a net income of $125.9 million vs $107.7 million for the same period last year. The company's total net sales for the quarter were $700.9 million, up from $696.7 million in the first quarter of 2024. The Board of Directors of NewMarket Corporation declared a quarterly dividend in the amount of $2.75 per share on the common stock.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 60 (positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "negative" to "positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low" (15). The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Regarding technical analysis, from a monthly point of view, the correction between $650 and $480 over the last 9 months of 2024 is merely a more general pullback towards the former long-term highs of 2015, 2017 & 2019, which are now acting as pivotal supports. In the short term, a bullish signal has been triggered since yesterday by the confirmation of a bullish continuation pattern (flag). Targets are now set at 635.19 & even 650 (all-time high) in extension.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are "buzzing", delivering a smarter news experience.
Disclaimer
The views expressed on this blog are my own and do not necessarily reflect the views of my employer.
