Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

TwitterFacebookLinkedIn Apple stock is brushing off a decline in iPhone sales while continuing to make gains in 2019. | Source: REUTERS/Joshua Roberts By CCN Markets: Over the past two weeks, Apple stock has roared up 10 percent, while the S&P 500 has only managed to eke out a 3 percent gain. Is there anything special…

Bitcoin Is Plunging – It’s Still Clobbering the Stock Market

Bitcoin Is Plunging – It’s Still Clobbering the Stock Market

TwitterFacebookLinkedIn The Bitcoin price plunged nearly 20% this week, but the cryptocurrency is still absolutely clobbering the stock market in 2019. | Source: Shutterstock (i), AP Photo / Richard Drew (ii). Image Edited by CCN.By CCN Markets: The Bitcoin price has endured a vicious free-fall in mid-August. In the past week alone, the leading cryptocurrency…

Tesla Model 3 Margins Will Double, Says Bull With $4,000 Stock Target

Tesla Model 3 Margins Will Double, Says Bull With $4,000 Stock Target

ARK Invest slapped a jaw-dropping $4,000 price target on Tesla stock, and now they predict Model 3 margins will double in the near-term. | Source: AFP PHOTO / ODD ANDERSEN By CCN Markets: The Tesla Model 3 accounted for 81% of Tesla’s overall vehicle sales during Q2. So it is not difficult to understand why the…

Don’t Blame the Fed or Tariffs Alone for this Stock Market Rout

Don’t Blame the Fed or Tariffs Alone for this Stock Market Rout

TwitterFacebookLinkedIn Corporate earnings season is underway, and fundamentals are driving the stock market more than usual because valuations are so lofty already. | Source: Shutterstock Stock market investors who were expecting that the Fed would be more accommodating with its monetary policy or that trade talks between the U.S. and China would go swimmingly were…

Jeff Bezos Sold $1.8 Billion in Amazon Stock in Last 3 Days of July

Jeff Bezos Sold $1.8 Billion in Amazon Stock in Last 3 Days of July

Billionaire Jeff Bezos sold almost 1 million Amazon shares worth $1.8 billion in late-July 2019, reducing his net worth to $115 billion. | Source: REUTERS / Katherine Taylor / File Photo Amazon founder Jeff Bezos sold almost 1 million Amazon shares worth $1.8 billion in the last three days of July in three separate transactions.…

Goldman Sachs ‘Absolutely’ Eyeing Crypto, Doesn’t Expect Stock Market Crash

Goldman Sachs ‘Absolutely’ Eyeing Crypto, Doesn’t Expect Stock Market Crash

If you can’t beat ’em, join ’em. That’s the prevailing mindset on Wall Street when it comes to crypto. The latest to (re)-hop on the bitcoin/blockchain bandwagon is Goldman Sachs CEO David Solomon.Solomon: All the Big Dogs Are Considering CryptoSolomon told French financial newspaper Les Echos that Goldman Sachs is “absolutely” considering its own cryptocurrency —…

Dow’s Sudden Rally Erases 118 Point Loss Despite Chip Stock Meltdown

Dow’s Sudden Rally Erases 118 Point Loss Despite Chip Stock Meltdown

By CCN Markets: The Dow and broader U.S. stock market limped into Friday’s close after disappointing financial results from a leading chipmaker highlighted the dangers of a prolonged trade war with China.Dow Pares Losses; Nasdaq Endures Tech BlowbackAll of Wall Street’s major indexes struggled out of the gate Friday, reflecting a weak pre-market for Dow…

GE Ignites 100-Startup Fire Sale in Last-Ditch Bid to Save Crumbling Stock

GE Ignites 100-Startup Fire Sale in Last-Ditch Bid to Save Crumbling Stock

Following a vicious stock price downturn, GE is making a last-ditch attempt to raise cash.GE Ventures intends to sell its portfolio of investments in more than 100 startups as part of the firm’s “multiyear turnaround.”GE stock has plunged nearly 30% from its 52-week high at $14.44.By CCN Markets: Amid a “multiyear turnaround” which has seen…