Apple & Tesla Earnings on Deck The June quarter is typically dubbed Apple’s (AAPL) most boring and uneventful quarter with most consumers awaiting the next product launch that coincides with the September quarter. The June quarter tends to be Apple’s smallest in terms of revenue and iPhone sales. Apple Inc. will report its most boring…
That was something for all the market pundits and critics to behold last week was it not? The mantra surrounding the disbelief in the market rally that started in late April has been FANG, FANG, FANG. What we actually saw during the 5-day reporting cycle for FANG, however, was a market that held up rather…
Yesterday was a record setting day in the market and for one of the market darlings… possibly a former market darling, Facebook (FB). The following graphic will go down in history and lay claim to Facebook’s infamy for some time to come. After the social media platform company narrowly missed revenue estimates for the Q2…
Facebook shares tanked after the social media giant’s report on daily active users fell short of expectations and the company warned revenue growth would slow the rest of the year. As of Thursday morning, the Facebook’s stock was set for its worst day ever, with shares down nearly 20 percent in premarket trading. Here’s a wrap of…
We’re going to start with some of the more favorable market headlines before getting into why the Nasdaq is set to pullback significantly as indicated by the equity market futures. The more favorable headlines come from that which has created a major investor sentiment roadblock for several months now, trade tariffs and spats around the…
Another rollercoaster ride on Wall Street yesterday and after the first of the major FAANG stocks reported earnings. Alphabet (GOOGL) reported earnings and revenues that beat analysts’ expectations by a wide margin, producing a rally on Wall Street. But by mid afternoon, the Nasdaq Composite Index, which hit a record earlier, pulled back from highs…
You’ve likely heard a great deal about the most crowded trade in the market, FAANG. With that you’ve probably also heard how as FAANG goes the market goes. These comments have turned into colloquialisms seeing how heavily weighted within many ETFs the FAANG stocks have become in recent years… and rightfully so! Rightfully so and…
By Max A. Cherney When Alphabet Inc. reports earnings Monday, the European Union’s $5.07 billion Android antitrust fine will ruin the company’s profit. The fine against Alphabet was formally announced last week and Google has said it plans to appeal the fine. However, the company disclosed in an SEC filing that it will account for the fine in…
For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough to halt a string of two straight weekly gains. A big nothing burger indeed! When it comes to the market and the bear vs. bull debate one…
There’s some good and bad residing within every trading day. Yesterday’s good news was the performance or rotation out of large and midcap stocks and back into small cap stocks as the Russell 2000 Index outperformed its larger peer indices. Rotation is a sign of a healthy market as it points to active market participation…
