By: Spencer Israel Thursday was perhaps the biggest day for corporate earnings in recent memory, with four of the five largest companies in the U.S. (and Twitter) all reporting earnings for the September quarter within a half hour. Here’s how it shook out. Apple- Weak In China Earnings per share (EPS): $0.73 vs. $0.70 estimate.. Read more
By: Spencer Israel Back in early July we wrote about how the market seemed to have an endless appetite for Special Purpose Acquisition Companies (also known as SPACs or blank check companies) and the various companies with which they were merging. At the time, the SPAC trade looked like the trade of the summer. But.. Read more
By: Spencer Israel The one thing everybody seems to agree on with two weeks to go until the election is that nobody, especially the market, is sure of anything. Maybe this is a side effect of 2016. Regardless, here are some insights from recent headlines: The market wants Biden to win. But six months ago.. Read more
By: Spencer Israel Monday marks the 33rd anniversary of Black Monday. On a percentage basis, the crash of 1987 remains the worst day in the history of the U.S. stock market by a long shot. Just two months prior, the Dow Jones Industrial Average had hit an all-time high. But the index fell 22.6% on.. Read more
By: Spencer Israel The Q3 earnings season is here. For the next four or so weeks, investors will be offered more clues about which companies are making it through this pandemic/economic crisis and which are not. Heading into the season, one theme that sticks out is the lack of clarity in terms of guidance from.. Read more
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