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Why Investors Should Be Wary of SPACs

In the winter of 1928, Joe Kennedy (John F. Kennedy’s father) decided to have his shoes shined before starting work.
Little did he know it would be the best nickel he ever spent…
Without that shoeshine, there is a good chance we would have never heard of JFK.
As the shoeshine boy was finishing, he looked up at Joe Kennedy and offered him a stock tip: “Buy shares of Hindenburg.”
Joe Kennedy walked promptly back to his office and started to sell his stocks.
As Joe Kennedy later put it, “When the shoeshine boy starts handing out stock tips, you know it is time to …read more […]

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Alphabet posts quarterly beat on revenue, EPS

Google parent Alphabet reported Q3 earnings that topped the Street’s expectations. The tech company posted $16.40 EPS and $38.01B in revenue, outperforming consensus estimates of $11.42 EPS and $35.35B in revenue. The company’s quarterly results come after the Justice Department’s long-awaited antitrust lawsuit alleging that Google engages in anticompetitive behavior to maintain its dominance of the search and search advertising industries. The Final Round panel will break down the details.

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Facebook Q3 beats, forecasts ‘significant amount of uncertainty’ in 2021

Facebook’s third quarter earnings report beat investor expectations on top and bottom lines after hours on Thursday. The platform saw 12% growth in both daily and monthly active users across its platforms year over year, as consumers around the world spent more time online due to the coronavirus pandemic. Looking ahead, the company forecasted a ‘significant amount of uncertainty for 2021.’ Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round. …read more […]

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Amazon beats estimates with stellar third-quarter earnings

Amazon Inc released its third quarter earnings report after hours on Thursday, which blew investor expectations out of the park, with strong beats on earnings per share and revenue. The company saw its net sales increase 37% year over year to $96.1 billion and its operating income increase 96% year over year to $6.2 billion. Yahoo Finance’s Jared Blikre breaks down the company’s earnings report on The Final Round. …read more […]

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Apple Falls After IPhone Sales Miss Estimates, China Drops 29%

(Bloomberg) — Apple Inc. shares fell about 4% after the company reported iPhone sales that missed Wall Street estimates and a slump in revenue from China. The company gave no forecast for the key holiday quarter. However, Chief Executive Officer Tim Cook said the new iPhone 12 line has been well received. Sales of Macs and Services reached all-time highs in the quarter, leading the record fourth quarter.The Cupertino, California-based technology giant on Thursday said fiscal fourth-quarter sales came in at $64.7 billion, a record for the period. That beat analysts’ estimates of $63.5 billion, according to data compiled by …read more […]

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Weak iPhone sales pull down Apple shares

Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models. …read more […]

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Apple stock pulled down by weak iPhone sales, China

Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models. …read more […]

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Facebook Sees 22% Ad Revenue Growth As It Beats Expectations In Third Quarter

Facebook’s ad revenue rose 22% in the third quarter, as it beat analyst expectations of earnings growth. The company on Thursday reported net income of $7.8 billion in the three months ended September 30, a rise of 29% from the same period a year earlier. That translated into $2.71 per share, beating the estimate of […] …read more […]