by Nenita M. Eller | Jul 31, 2020 | Tech News
Jul 30 was marked with big tech earnings releases. After market close, tech behemoths Facebook (FB), Amazon (AMZN), Apple (AAPL) and Alphabet (GOOG, GOOGL), each reported quarterly results that topped estimates, reaffirming the sustainability (or rather the winning...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — Going against the smart money flow has been a winning strategy for Robinhood traders, at least when it comes to big tech. Retail traders kept boosting their positions in technology megacaps, even as professional stock pickers trimmed exposure in...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — A quarter that captured the height of pandemic lockdowns is making the divide between Big Tech and Big Oil more apparent than ever. Facebook Inc., Amazon.com Inc. and Apple Inc. smashed analysts’ estimates on Thursday after shoppers turned to...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc., Facebook Inc. and...
by Nenita M. Eller | Jul 31, 2020 | Tech News
Apple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion. Analysts’ consensus was for revenue of $52.25 billion, which would have been a slight dip from the same quarter a...
