Apple is a safe haven amid the stock market rout, says tech investor Gene Munster
Michelle Fox CNBC September 27, 2022 Tech stocks have been pummeled this year but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. While the tech-heavy Nasdaq is down 28% for the year and big names like Meta and Netflix have dropped about 60%, Apple is down just 15% year to date. “They are […]
Google CEO says he hopes to make company 20% more efficient, hints at potential cuts
PUBLISHED WED, SEP 7 20221:01 AM Source: CNBC by Jennifer Elias Google and Alphabet CEO Sundar Pichai said he wants to make the company 20% more efficient and that could include headcount cuts as it reckons with a slew of economic challenges as well as years of rapid hiring. Speaking at Code Conference in Los Angeles, Pichai […]
Starbucks hikes long-term financial forecast as it unveils reinvention plan
PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue […]
Amazon Shares Back to Winning Ways Amid Cost Push: Tech Watch
Monday, September 12, 2022 06:23 AM Source: Bloomberg by Jeran Wittenstein Amazon.com Inc. shares are back in a familiar role of outperforming after an ugly first half of 2022, even as investors brace for a slowdown in growth at the e-commerce and cloud computing giant. Amazon is the best-performing stock among its megacap peers since the […]
Apple IPhone Pre-Order Data Points to Strong Demand: Street Wrap
Monday, September 12, 2022 09:35 AM Source: Bloomberg: by Ryan Vlastelica Apple analysts are positive on the company as pre-order data for the latest versions of its iPhone point to strong interest and demand. Shares up 1.7%, with the stock outperforming other major technology and internet stocks. The Nasdaq 100 is up 0.7%. JPMorgan (overweight, […]
Advanced Micro Devices can surge more than 50% as chipmaker increases market share
PUBLISHED THU, SEP 8 20226:32 AM EDT Source: CNBC by Samantha Subin Stifel said there’s more room to run for Advanced Micro Devices even as the chip market faces ongoing supply chain disruptions and pockets of consumer weakness. Analyst Ruben Roy initiated coverage of the chip stock with a buy rating, saying in a note to clients […]
Apple’s Car Is Beloved Before It Even Exists
Friday, September 2, 2022 05:15 AM Source: Bloomberg by David Welch If semiconductor shortages, recession risks and the once-a-century shift in propulsion weren’t enough to keep auto executives up at night, here’s one more sleep disruptor: Consumers are keen to buy an Apple car before one even exists. Strategic Vision just released the results of an annual study that this […]
Apple overtakes android to take overtake 50% share of phones used in the US.
Source: Financial Times by Patrick McGee Apple has overtaken Android devices to account for more than half of smartphones used in the US, giving the iPhone maker an edge over its rival as it pushes into sectors including finance and healthcare. The 50 per cent landmark — the iPhone’s highest share since it launched in […]
‘Don’t see it in my numbers’: American Express CEO doubts recession fears
Source: Yahoo Finance by Brian Sozzi A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for me to get […]