
Morgan Stanley Analysts Predict that Apple Can Hit $3 Trillion Market Cap on Shift to Subscription-driven Services
In January, Apple’s market cap touched $3 trillion for the first time before the downturn in stock valuations hampered it.
In January, Apple’s market cap touched $3 trillion for the first time before the downturn in stock valuations hampered it.
Zuckerberg emphasized that the Feeds tab will display posts chronologically to all Facebook users.
Despite facing production headwinds during the second quarter, Tesla delivered better-than-expected output driving the stock market higher on Thursday.
Speaking on the 2022 Q2 performance, Snap CEO Evan Spiegel said the results do not reflect the company’s ambition.
Despite seeing its highest vehicle production month in history, Tesla also saw its automotive gross margin fall for the first time in a long while.
Markets make a strong rebound with some analysts believing that the bottom could be already in. Banking giants make strong gains on Tuesday.
Released Q2 Netflix results show that the company lost fewer subscribers than estimated amid plans to launch a cheaper ad-supported tier.
For the second quarter earnings, IBM benefitted immensely from the activities of its newly spun public-traded information technology infrastructure services offshoot Kyndryl Holdings.
The analyst notes that the GOOGL stock is under pressure due to concerns about a slowing economy that might result in reduced ad spending.
The Dow saw a pullback of more than 200 points pullback during late-day trading as Apple plans to slow hiring and growth spending in 2023.
Altcoins led by Ethereum have been the major contributors to the price rally. On the other hand, Bitcoin faces a strong resistance at its 200-week moving average.
With the impressive positive movements across crypto, shares of Coinbase increased by 9.07% to almost $59.
The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected.
The Q2 report Goldman Sachs posted is arguably one of the best performances when compared with how its core competitors performed in the second quarter.
Analysts opine that expected earnings reports could impact investors’ reaction to the stock market after last week’s volatility.