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Munster: Buybacks Will Help Distinguish Apple From its Contemporaries
Capital Markets
Apple Inc. (NASDAQ: AAPL) posted a slight top-line miss and bottom-line beat Tuesday after close and guided for third-quarter results marginally higher than analysts expected. But the real story, as Gene Munster says, is in the $100 billion buyback plan and a 16-percent dividend increase. “This is part of the story that I think will become increasingly more important, and
Apple Beats Earnings Forecast, Eases Fears About iPhone Sales
Capital Markets
Everyone can stop freaking out: With Wall Street fearing the worst from Apple's Q2 results, the tech giant on Tuesday beat analyst's forecasts by posting quarterly revenue of $61.1 billion, up from 16 percent year-over-year, and quarterly earnings per diluted share of $2.73, up 30 percent. Not surprisingly, international sales accounted for 65 percent of Apple's total revenue in the
Make America Greasy Again: Heinz Releases Limited Cryptocurrency to Purchase Bacon
Move over Bananacoin, the food world is answering to a new currency: Bacon. While the people behind the Bananacoin describe this as the “first environmentally friendly plantation in Laos which has released a utility token based on Ethereum, pegged to the export price of 1 kg of bananas,” Kraft Heinz Co.’s Oscar Mayer unit has released a limited cryptocurrency naturally
Bernie Sanders Joins Trump in Criticizing Amazon Over Tax Practices
Capital Markets
It's no secret among American voters that Republicans and Democrats seem unable to agree on any issue these days, which is no doubt reflected in the historically low approval numbers for Congress. But, lo and behold, the federal government may have finally found a common enemy to repair its broken bipartisanship. Following on the heels of President Trump's recent Twitter
Tech Analyst Thinks MoviePass Will Be Out of Business Within 18 Months
Capital Markets
In MoviePass, Helios and Matheson Analytics Inc (NASDAQ: HMNY) bet big against the culture of big-screen movie exhibition. Wedbush analyst Michael Pachter thinks it made a mistake. What He Said “MoviePass is a joke and I think will be out of business in 18 months, if not sooner,” Pachter said Monday morning on Benzinga’s PreMarket Prep trading show. “The line
Josh Brown is Also Amazed at Amazon's First Quarter
Capital Markets
We already knew that CNBC's Jim Cramer has called Amazon's Q1 results the “best quarter I’ve ever seen of a company,"which is high praise indeed. But now you can also add Josh Brown to those gushing over the online retail giant's first quarter. The CEO of New York City-based Ritholtz Wealth Management - and CNBC contributor - wrote on his
Report: Apple Earnings Will Prove the iPhone X is a Bust
Capital Markets
When Apple released the iPhone X last September it came with all the usual hype that accompanies every one of its product rollouts, except with one important caveat: At $999, the iPhone X is by far the most expensive version of the iconic device, setting up a test of whether or not there is a price point that even the
Choose Privacy Awareness Week is Near: Let's Discuss the Biggest Data Breaches of 2018
Whether you like it or not, most of your day-to-day activities leave behind digital footprint You access banking services, use online day trading outlets, store photos of your family on a cloud service, and enter credit card information online. As you know, this information isn’t completely safe. It seems as though everyone has experienced a breach of privacy or been
Jim Cramer Says Amazon Just Had the Best Quarter He's Ever Seen By Any Company
Capital Markets
Amazon's extraordinary Q1 results has Wall Street buzzing and CNBC's Jim Cramer - never one to be short of enthusiasm - calling it the "best quarter I've ever seen of a company." Here are the key numbers from Amazon's big beat: Its revenue increased a staggering 43 percent to $51 billion, compared to $35.7 billion in the first quarter of
GM and Amazon: Inside What Could Be the First of Many Deals Between E-Commerce Giant, Automakers
Capital Markets
General Motors Company (NYSE: GM) has partnered with Amazon.com, Inc. (NASDAQ: AMZN) to enable package delivery to 7 million connected vehicles. The Street considers the arrangement not only a “natural fit” but also the first of many between automakers and Amazon. The Rating Morgan Stanley analyst Adam Jonas and five others maintained an Overweight rating on GM with a $48