Apple seen lower despite record revenue for the quarter.
Apple releases its fourth quarter earnings on Thursday with analysts looking for the tech heavyweight to report EPS of 0.71 cents a share and revenue of $64.2 billion.
Apple stock was 1% lower on Thursday as stock markets retreat on fading stimulus hopes. A recent failure to hold the $123.00 level could see further losses ahead despite the launch of four new 5G iPhones this week. Treasury Secretary Steven Mnuchin said yesterday that it would be hard to […]
As retailers re-open, online retail giants such as Amazon are feeling the impacts of rising staffing costs and capital, leading to the potential for further losses in their share price. Similarly, the Tokyo-based electronics company, Sony Corp. has erased recent gains and closed at 2.4% lower on September 15, which […]
The Apple share price has been hovering near a key support level after the recent pullback and a strong close to the week could see the stock attempt another rally. AAPL is now 20% lower than the September 1st highs near $135, where the stock went through a 4:1 split. […]
The Apple share price surrendered gains in yesterday’s session to close flat on the day after the release of a new Apple watch was not the blockbuster event that investors expected.
The stock splits in Tesla and Apple last week seem to have marked a top in the share prices of both tech giants. The recent news story about Softbank has rattled markets with traders worried that the recent push higher in stocks was driven by manipulation. Stocks are lower again […]
The Nasdaq 100 is witnessing a considerable selloff this Thursday after technology stocks plunged. The Nasdaq 100 is now trading at 11,837.5 as some of the biggest companies in the technology sector are tanking. Stocks like Apple and Tesla are among those being pounded by sellers. Tesla is down for […]
Dow Jones continued its rally as it remains the last major index that did not make a new all-time high during the pandemic. Nasdaq100 is already up over 40% for the year, and the S&P500 closed at record highs already. What keeps Dow lagging, and will it reduce the lag? […]
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