ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyGene Munster, Deepwater Asset Management, joins ‘Fast Money’ to discuss Amazon and Apple’s earnings and his takeaways from the calls.03:334 hours ago Source link
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China said it is evaluating U.S. overtures to initiate trade negotiations, potentially paving the way for the world’s two largest economies to start talks to resolve a trade war that has rumbled financial markets and cast a pall on global economic activity.Senior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start negotiations with China on tariffs, a spokesperson for the commerce ministry said in a statement Friday.While assessing the situation, Chinese authorities reiterated Beijing’s request for the U.S. to “correct its wrongdoings” by removing all unilateral tariffs. Failure to do so would indicate “an outright lack of…
A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. Kylie Cooper | Reuters For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. (Tesla’s long-promised full self-driving is still in the process of helping the electric vehicle company cross the line.)That said, the financial results of both Apple and Amazon had some weaknesses under the hood. Apple’s Services division, which comprises offerings such as advertising, iCloud and Apple…
Apple on Thursday evening delivered solid quarterly numbers on many of the things Wall Street was concerned about — from better-than-expected iPhone sales to better-than-feared results in China. However, a small miss on services revenue was disappointing and knocked the stock down in after-hours trading. Revenue in Apple’s fiscal 2025 second quarter, which ended in March, rose 5% year over year to $95.4 billion versus the $94.7 billion estimated by LSEG. Earnings per share increased by 8% in the quarter to $1.65 versus the $1.63 estimated by LSEG. AAPL YTD mountain Apple YTD Bottom line Apple almost nailed it. If…
JPMorgan has turned bullish on Camping World after a recent sell-off. Analyst Ryan Brinkman upgraded shares of the RV retailer to overweight from neutral. While he whittled $2 off his price target to $21, that still implies a 74.1% surge for shares over Wednesday’s closing level. “Camping World shares stand out amongst our coverage by offering investors numerous idiosyncratic drivers of strong earnings growth with comparatively less tariff exposure,” Brinkman wrote to clients in a Thursday note. Brinkman’s call comes after shares tumbled more than 14% in Wednesday’s session, which he called an “overreaction” to softness in average selling prices…
Gene Munster, Deepwater Asset Management, joins ‘Fast Money’ to discuss his takeaways from Apple post earnings. Source link
Hongdae street in Seoul city, South KoreaTwenty47studio | Moment | Getty ImagesAsia-Pacific markets rose as investor sentiment picked up on China’s announcement that it’s evaluating possible trade talks with the US.Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy will not impede the progress of developments in artificial intelligence.Australia’s S&P/ASX 200 increased by 0.5%.Japan’s benchmark Nikkei 225 added 1.24% while the broader Topix index advanced 0.67% in early trade.Over in South Korea, the Kospi index was flat while the small-cap Kosdaq moved up 0.60%.Futures tied to Hong Kong’s Hang…
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast for the year. Block, meanwhile, plummeted in extended trading on Thursday after the Cash App parent missed on revenue and issued disappointing guidance. Venmo and Cash App are simultaneously competing to gobble up more consumers for their peer-to-peer offerings while also adding services like debit, credit and transfer services so they can actually make money from those users.…
Secretary of state. Acting administrator of the U.S. Agency for International Development. Acting archivist for the National Archives and Records Administration. And now interim national security adviser to President Trump.Like a Christmas tree bedecked with shiny ornaments of every shape and size, Marco Rubio, 53, has accumulated four titles starting with his confirmation as secretary of state on Jan. 20, the same day that Mr. Trump took his oath of office.It very well could be a record in the modern history of the U.S. government. And it adds to the immigrant success story that is core to the narrative of…
The company has a history of providing an outlook and putting up results at the top end, or above, the range. Source link
