Updates – Company

Apple is a safe haven amid the stock market rout, says tech investor Gene Munster

September 27th, 2022|

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

Starbucks hikes long-term financial forecast as it unveils reinvention plan

September 15th, 2022|

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

September 12th, 2022|

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

September 12th, 2022|

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,

Apple’s Car Is Beloved Before It Even Exists

September 2nd, 2022|

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

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