-
FAANGs Rally As Election Remains Undecided, With Big Gains For Amazon, Apple, Alphabet
Wednesday, November 4, 2020 - 11:03am | 2262Pour yourself a strong cup of coffee and brew a fresh pot. We’ve got a barnburner on our hands. Much to the chagrin of anyone who had hoped the election would be decided early and Wall Street could simply move on, things just didn’t work out that way. So traders and investors...
-
Apple Falls 4% As iPhone Sales Disappoint, But Most FAANG Results, Including Amazon's, Look Firm
Friday, October 30, 2020 - 10:02am | 2695Maybe it’s the Halloween effect, because investors saw FAANG earnings yesterday evening and got spooked. Futures took a scary ride downward overnight, including a 500-point screeching plunge for futures on the Dow Jones Industrial Average ($DJI) at one point. Those clawed back quite...
-
FAANG Fans, On Your Marks: Apple, Amazon, Alphabet And Facebook Earnings Awaited After Close
Thursday, October 29, 2020 - 10:12am | 2951If there’s a single day that defines earnings season, this is it. Buckle up. The highlight comes after the close when four of the five FAANGs open their books. Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), and...
-
Apple Reports Earnings Amid iPhone 12 Rollout, Investors Continue Eyeing Big Tech's Leadership
Wednesday, October 28, 2020 - 1:31pm | 1756As one of the largest and most widely held companies in the world, Apple Inc. (NASDAQ: AAPL) often exerts outsize influence on the market. That’s been especially true in 2020 as Tech companies took on the mantle of market leadership, helping send the broader market both higher and...
-
Caterpillar, Pfizer, 3M Earnings Come In Better Than Expected, With Microsoft Straight Ahead
Tuesday, October 27, 2020 - 11:04am | 2844After stumbling to start the week, it looks like Wall Street is trying to get back on its feet this morning. Major indices—which recovered some of their losses in the last hour yesterday—made up more ground in pre-market trading despite fading stimulus hopes and more shutdowns due to...
-
Airlines, Cruise Ships, Energy Shares Take Biggest Blow From Rise In Virus Cases, Stimulus Stall
Monday, October 26, 2020 - 6:52pm | 1805Subtract almost all remaining hopes of a stimulus, add thousands of new COVID-19 cases, sprinkle in some pre-election volatility, and what do you get? A day like Monday on Wall Street. Major stock indices took it on the chin, suffering their steepest spill in a month. By the end of the day,...
-
FAANGs In Focus: Amazon, Facebook, Apple, Alphabet, All Set To Report Later This Week
Monday, October 26, 2020 - 10:05am | 2464If there’s one thing that could potentially shift investors’ focus away from early concerns about rising COVID-19 cases and the stalled state of stimulus, maybe it’s four FAANG stocks reporting the same afternoon. But that’s not until Thursday. Mega-cap...
-
Monday's Market Minute: Watching Central Bank Activity
Monday, October 26, 2020 - 9:43am | 449Let’s get ahead of some of the data coming our way this busy week. First off, we have financial markets focused on the central bank activity with the Bank of Japan (BOJ), the Bank of Canada (BOC), and the European Central Bank (ECB) all expected to leave rates unchanged in continuation of the...
-
Bank Results Solid On Day 1 Of Earnings Season, And Focus Now Turns To Amazon Prime Day, Apple Event
Tuesday, October 13, 2020 - 10:10am | 2431Wave the green flag. Earnings season is underway. It all got started today with JPMorgan Chase & Co. (NYSE: JPM) and Citigroup Inc (NYSE: C) delivering fresh sets of results hot off the press. The overall market has a mixed tone, with Nasdaq 100 (NDX) futures...
-
Monday's Market Minute: 5 Things To Watch
Monday, October 12, 2020 - 10:43am | 346First, the focus continues to be on the potential for another stimulus bill. Over the weekend, President Trump said he wanted to help businesses and that he is ready to go, Nancy Pelosi said the 1.8 trillion dollar deal Democrats are being offered is grossly inadequate, and Neel Kashkari was clear...
-
Momentum Monday: Apple, Facebook, Other Big Tech Lead Charge Higher To Start The Week
Monday, September 28, 2020 - 10:20am | 1630Investors appeared to be optimistic on Monday morning, helping stocks continue their climb from late last week. Momentum from Friday’s strong finish on Wall Street seemed to spill over into international markets, and it’s good to see that momentum carrying over into another U.S. session...
-
Apple, Microsoft Both Slightly Higher Early, But Tough Month For FAANGs So Far
Friday, September 18, 2020 - 10:09am | 2528Do words have the power to move markets? Yes and no. When words are used to telegraph policy moves, such as the Fed’s recent change from 2% “inflation targeting” to 2% “inflation averaging,” the markets took those words as a hint that the Fed would keep interest rates...
-
5 Things You May Not Know About Apple Heading Into This Week's Event
Sunday, September 13, 2020 - 6:25pm | 478As Apple Inc. (NASDAQ: AAPL) gears up for its September 15 event, fans of the iDevice company can expect a spotlight on the Apple Watch Series 6; new iPads; and the rumored Apple One subscription bundle. Those eager to learn more about the iPhone 12 — patience. There's ...
-
Friday's Market Minute: Tech Leads Market Sell-Off
Friday, September 4, 2020 - 9:51am | 437U.S. equity futures are mixed in premarket trading Friday after stocks sold off across the board yesterday, wiping out record highs in the S&P 500 and Nasdaq-100 following a multi-week run of the major indices. The S&P lost 3.5%, the tech-heavy Nasdaq lost 5.2%, and the Dow Jones Industrial...
-
Apple, Tesla Both Under More Pressure Early As Profit Taking Appears To Surface
Thursday, September 3, 2020 - 10:05am | 2013For weeks, there’ve been people saying stocks can’t go straight up forever. And today it looks like they’re right. The market actually has a softer tone this morning as caution kicks in ahead of tomorrow’s jobs report and the long weekend. Crude is especially weak, diving...