All posts by Todd Mitchell

Apple crushes Q3 expectations, announces 4-1 stock split

investors

Apple (AAPL) reported its Q3 2020 earnings on Thursday, surpassing expectations for the period.These are the most important numbers from the report compared to what analysts were expecting as compiled by Bloomberg.>>Revenue: $59.7 billion versus $52.3 billion expected>>Earnings per share: $2.58 versus $2.07 expected>>iPhone revenue: $26.42 billion.>>Services revenue: $13.2 billion versus $13.1 billion expected>>Accessories: $6.5 billion versus $6.1 billion expected […]

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Tech Stays Strong as Market Stumbles

The market closed mostly lower on Thursday, aside from Tech, as disappointing GDP and jobless claims numbers weighed on sentiment. Specifically, Q2 GDP contracted at an historic -32.9% rate while Initial Jobless Claims rose 12,000 to 1,434,000 versus forecasts of 1,388,000.The major indexes rebounded off their session lows while holding key support levels ahead of […]

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Extreme Option Profits Chart of Day…Advanced Micro Devices (AMD)

Weeks after recommending the Advanced Micro Devices (AMD) September 18, 2020 62.50 calls at $5, the option is set to open above $11 this morning.All thanks to blow-out earnings and guidance.Last night, AMD said it expects for 2020 revenue to grow about 32% from 2019 to roughly $8.88 billion.  That’s a respectable increase from initial […]

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Fed Stands Pat, Market Holds Gains

The market closed higher on Wednesday following the latest Fed update and mostly upbeat earnings. The opening gains held into the closing bell after the Federal Reserve announced they would leave interest rates unchanged and pledged to keep monetary policy loose until the U.S. economy recovers from the slowdown caused by the corona virus pandemic.The […]

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Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients

Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S. […]

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Market Stumbles Ahead of Fed Minutes

Federal Reserve

The market settled in the red on Tuesday after a mixed bag of earnings and before the Fed’s midweek update. The central bank began its 2-day FOMC meeting and will report this afternoon if they will take further action to support the economy as coronavirus continues to stall growth.The Nasdaq tested an intraday low of […]

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Bulls Snap 2-Session Slide

The market showed strength throughout Monday’s session as progress on the next stimulus bill and perhaps some bargain hunting after last weeks’ declines fueled gains. Continued good news on a possible vaccine development was also in focus after Moderna (MRNA) said it has begun Phase 3 trials, with results expected by November.The Nasdaq closed at […]

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Extreme Option Profits Chart of Day..Barrick Gold (GOLD)

Keep an eye on gold stocks. Gold prices are soaring on all of the tension with China, the coronavirus, economic fears, and stress over upcoming elections.  Goldman Sachs is calling for $2,000 gold.  Bank of America is calling for $3,000 gold.  Some billionaires are calling for $5,000.While estimates vary, one thing is nearly certain.  We’ll see […]

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Here comes one of the newsiest and most critical weeks of the summer for markets

The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether Apple and other stalwarts of the tech rally report earnings. Early in the week, Republicans will unveil their stimulus package proposal, which will then be debated as enhanced unemployment benefits expire this weekend.  The Federal Reserve also meets on and is […]

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Bears Get Weekly Win

The market traded lower throughout Friday’s session as ongoing U.S. / China tensions moved back into the spotlight with the ordered closure of the U.S. consulate in Chengdu, China. A possible delay in the 4th fiscal stimulus bill also weighed on sentiment as politicians try to get a deal done before August recess.The losses were […]

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