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Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of the e-commerce giant jumped more than […]
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Amazon shares rally after strong second quarter and guidance
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon jumped more than 10% in premarket trading Friday, a day after the company posted stronger than expected second-quarter revenue and gave upbeat guidance. Sales […]
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Amazon, Apple, Google and Tesla have all done it. Here’s why companies split their stock
Google is just one of dozens of companies recently making its stock more affordable. The tech giant’s parent company, Alphabet (GOOGL), split its two classes of shares (GOOG) by a 20-to1 ratio in July. Amazon (AMZN) made the same 20-for-1 move in June while Tesla (TSLA) announced around the same time that it’s going with […]
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5 things to know before the stock market opens Friday
A screen displays the Fed rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 27, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Taking stock on a summer Friday […]
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Apple’s iPhone sales are creating a strong ‘moat’ for the tech giant, analysts say
The iPhone is still king at Apple. Analysts cheered the company’s latest quarterly results which came in above consensus expectations, thanks in large part to the company’s strong iPhone sales. Apple reported $40.7 billion in iPhone sales in the June quarter, above consensus and up nearly 3% on the year. Several analysts noted that Apple’s […]
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Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian […]
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Apple’s iPhones held up surprisingly well in China even as the country faced Covid lockdowns
Apple’s smartphone shipments in China jumped sharply in the second quarter, even as the country faced Covid-related lockdowns in major cities, according to a new report. In the second quarter, Apple shipped 9.9 million iPhones in China — up 25% year-on-year, market research firm Canalys said in a report published Friday. UBS analysts also said […]
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Apple’s services slowdown is potential concern for investors focused on profit margins
Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images For over half a decade, Apple has been touting its services business as a growth engine that will make up for smart […]
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Apple beats on revenue and profit, expects growth to accelerate despite ‘pockets of softness’
Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20 vs. $1.16 estimated, down […]
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Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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