Month: October 2020

(Bloomberg) — Shi Xu moved to Singapore in the early 1990s, hoping for financial stability and job security. Now the former academic and his wife are multimillionaires after their nanotechnology company debuted in the city-state.Nanofilm Technologies International Ltd., which provides solutions for smartphones and other electronics, opened at S$2.77 ($2.03) from its initial public offering price of S$2.59 a share and rose as much as 14% by 10:49 a.m. local time. Shi’s fortune, mainly made up of the 53% Nanofilm stake he holds with his wife, has surged to almost $930 million, according to the Bloomberg Billionaires Index. The company …read more […]

With Microsoft (MSFT) stock up over 30% year-to-date, expectations were high coming into the tech giant’s fiscal first-quarter earnings. While the tech giant beat on the top and bottom lines, the second-quarter guidance was soft. As a result, MSFT shares fell 5% on the headline, but therein lies the opportunity.Microsoft made the most from the secular shift to cloud-based services and the change to work-from home environments, blowing the estimates out of the water in its FY1Q21 results.Total FQ1 revenue grew by 12.4% to $37.2 billion beating the Street’s call by $1.42 billion. EPS of $1.82 (a 32% year-over-year increase) …read more […]

There’s a new FDA-approved dry eye treatment on the scene. On Tuesday, the U.S. regulators green-lighted Kala Pharmaceuticals’ (KALA) EYSUVIS 0.25% for the treatment of signs and symptoms of dry eye disease (DED).The go ahead from the FDA makes EYSUVIS the first and only approved corticosteroid for this indication and comes several days ahead of the scheduled October 30 PDUFA. Wedbush analyst Liana Moussatos believes this reflects “both the strength of the regulatory data package” and the “unmet need in this patient population that suffers from a lack of rapid and adequate relief from dry eye flares.”With a plan to …read more […]

(Bloomberg) — Chen Wu frantically clicked the order button on his online brokerage account as the clock struck noon.Like thousands of individual investors in Hong Kong and across China, the 35-year-old software developer was desperate for a piece of Ant Group Co.’s initial public offering. His brokerage was allowing a small number of clients to supercharge their bets on Ant using 33 times leverage, and the offer was only available on a first-come, first-served basis. Wu had to act fast.“When it was released at noon, I refreshed my page again and again, clicked and clicked,” he said on Tuesday after …read more […]

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 […]

The pandemic has been better to Amazon than anyone realized, thanks to online shopping surges. …read more […]

Stock futures traded lower Thursday evening to give back some gains after the three major indices rallied during the regular session. …read more […]

VANCOUVER, BC, Oct. The FCgen®-HPS fuel cell stack provides propulsion for a range of Light-, Medium- and Heavy-Duty vehicles in an industry-leading volumetric high-power density of 4. …read more […]

Twitter reported Q3 earnings on Thursday, surpassing analyst expectations, but coming in under in user growth. The Final Round breaks down the numbers. …read more […]

~Company reports a 49% Q3 year-over-year increase in net revenue for 2020 third quarter revenue~TORONTO, Oct. 29, 2020 /CNW/ – Namaste Technologies Inc. …read more […]

Apple reported fiscal fourth-quarter earnings after market close on Thursday that topped expectations, with sales from the company’s services offerings and Mac computers hitting quarterly records. …read more […]

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’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 […]

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 […]

(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 […]