Apple in Peril Ahead of its Quarterly Results
The tech giant is having a tough period that reflect on its stock, which is close to bear territory, ahead of the May 2 earnings report
A share of stock is a small portion of a company. Various amounts of stock are issued directly by the company, with the proceeds from their sale being used to sustain business operations. Both private and public corporations may engage in the issuance of stock, with public offerings being available for purchase and trade on the open market. The origins of corporate stock issuance and exchange-based securities trading can be traced to early 17th century Amsterdam and the Dutch East India Company. Stocks come in many shapes and sizes, each with unique characteristics. Some stocks pay shareholders a portion of…
The tech giant is having a tough period that reflect on its stock, which is close to bear territory, ahead of the May 2 earnings report
Price cuts and an sales decline delivered a blow to Tesla’s top and bottom lines, but Mr Musk offered accelerated timelines for cheaper models and promised robotaxis
Disney scored a crucial victory this week in the proxy fight against Trian Partners, but its stock pulls back from critical tech levels after a stellar first quarter
Apple & Tesla are part of the so-called Magnificent Seven, but unlike their group peers, their performance has been disappointing this year
Amazon weekly chart analysis indicates an overbought condition at significant resistance.
GameStop (GME.us) shares are set to gap lower on today's gap cash open, after the videogame retailer reported worse-than-expected revenue for its fourth quarter ended January. Adjusted EPS came in at 22 cents, with analysts forecasting 30 cents per share. Sales were also below the consensus of $2.05 billion at $1.79 billion. Hardware and accessories sales fell to $1.09 billion, down from $1.24 billion, and software sales declined 31% to…
The US Justice Department sued the tech giant for monopolistic practices, in a landmark antitrust case that threatens Apple’s walled garden business model
Apple is in talks with Google to use Gemini artificial intelligence in the iPhone. Gemini is Google’s suite of generative AI tools and may be integrated into iPhone software later this year - Apple may release iOS 18 at its June Worldwide Developer’s Conference.
JPMorgan Chase will pay almost $350 million to bank regulators because of surveillance failures on billions of trades over the last decade. JPM discovered the record-keeping shortfalls and reported them to the Federal Reserve and the Office of the Comptroller of Currency. The Fed penalised the bank to the tune of $98m and the OCC will receive $250m.
Nvidia’s trading this week has been choppy. Notably, it charted a rare bearish outside day on Friday, in a day of high volatility, where the range from its high to low was $108. This hot-bloodedness comes just before its developer’s event, which kicks off on Monday.
Comcast’s Universal got the most awards in Sunday’s Oscar ceremony with Oppenheimer, Disney’s Searchlight followed with Poor Things, Netflix , Warner and Amazon got just one accolade, while Apple won nothing
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