AMTD Digital is worth more than 480 of the S&P 500 companies after stock rockets over 3,000% in 7 days

Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3.165% higher over the past seven days. The HKD stock, -28.77% pulled back 16.6% in very volatile midday trading Wednesday — it has already been halted nine times for volatility — putting it on … Read more

Block may be in trouble as economy sources, but Cash App could save it for now

On paper, Block Inc.’s varied businesses are all potentially sensitive to a weakening economic environment, and revenue and earnings are supposed to decline from last year. In reality, the story could be more nuanced—at least for now. Block SQ, +10.32% is the (relatively) new corporate name for Square, and it houses a variety of businesses … Read more

Activision Blizzard reports higher-than-expected sales as Microsoft close awaited

Activision Blizzard Inc. shares ticked higher in the extended session Monday after the videogame publisher released better-than-expected revenue as sales dropped for a third straight quarter. Activision Blizzard ATVI, +0.16% shares rose 1% after hours, following a 0.2% rise to close the regular session at $80.08. The company will not be issuing an earnings presentation … Read more

Apple follows up ‘resilient’ earnings, swift iPhone sales with debt deal that could reach $6.5 billion

Apple Inc., fresh off upbeat quarterly results tied to robust iPhone sales, rolled out a four-part bond deal on Monday to raise new debt. The new deal from Apple AAPL, -0.47% could raise up to an estimated $4 billion to $6.5 billion for the technology giant through the issuance of four series of bonds with … Read more

Big Tech survived the earnings test, but many more tech companies are picking up their pencils

Wall Street breathed a sigh of relief after Big Tech produced results that were largely not as bad as feared (except for Facebook), but the hardest part of this earnings season may arrive in the coming week. A parade of smaller tech companies in sectors that received a huge pandemic bounce that may be coming … Read more

Apple profit drops 11%, but iPhone escapes economic slump

Apple on Thursday reported profit and sales that beat Wall Street expectations, navigating parts shortages better than predicted and benefiting from unceasing demand for iPhones even as inflation has consumers tightening other spending. Apple said sales and profit for the quarter ended June 25 were $83 billion and $1.20 per share, above estimates of $82.8 … Read more

Qualcomm forecast falls short on weakening handset sales

Qualcomm Inc. fell in the extended session Wednesday after the chip maker lowered its forecast because of weakening handset sales, the company’s largest business segment, while that segment helped for topping Wall Street estimates for the quarter. Qualcomm QCOM, +2.30% shares declined 3% after hours, following a 2.3% gain to close at $153.42. “What we’re … Read more

Shopify Warns of Losses for the Full Year, After Job Cuts

Shopify Inc. SHOP 5.23% posted a quarterly loss and warned it would post losses in the rest of the year as e-commerce growth slows, a day after the company said it would cut 10% of its employees. The outlook sent the Canadian company’s shares—which have dropped more than 80% from their November peak—slightly lower in … Read more

Taiwan Semi shares rise after earnings, sales beat forecasts

Shares of Taiwan Semiconductor Manufacturing Co. rose on Thursday after the third-party silicon wafer manufacturer reported forecast-beating earnings and sales in its June-ending quarter. TSMC TSM, + 2.77% 2330, + 0.96% reported earnings of $ 1.55 per American depositary receipt compared with 93 cents per ADR in the year-ago period. Revenue rose to $ 18.16 … Read more

Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.

If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why would its stock be getting hit? “Portfolio managers have been selling what they can as opposed to what they … Read more