Companies like Meta are at risk of losing a piece of the 'pie' to emerging companies: Angelo ZinoEven as Apple Inc. contends with rising inflation, cooling consumer demand, the strengthening dollar and lockdowns in China, its share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years, up 15 per cent in July.
The rally means investor expectations are high for the company’s quarterly earnings, due after the market close Thursday. Surprisingly positive results from Microsoft and Google parent Alphabet also have upped the ante for Apple. With inflation surging, consumers are more mindful of expensive buys like smartphones, tablets and laptops. Mid-tier smartphone makers have seen a dip in demand, and global handset shipments fell 9 per cent in the second quarter, according to estimates from Counterpoint Research. Apple is still finding ways to fuel demand for its line of premium products.
This year’s market selloff has made Apple stock relatively cheaper at about 24 times estimated earnings, though the shares are comfortably above their 10-year average of 16.6 times. Meanwhile, the Nasdaq 100 sits at 21 times estimated profit. Samsung Electronics Co.’s quarterly profit missed estimates after cooling demand for consumer gadgets hit its chip division, spurring concern about the outlook for Big Tech in 2022.
The euphoria surrounding Alibaba Group Holding Ltd.’s primary listing plan has evaporated in just two sessions, as focus shifts to the firm’s earnings announcement due next week.
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Posthaste: Why Canada's housing market slump could make affordability even worseRental needs to figure into the solution but these days there is little motivation for developers to build, says a CIBC report. Read more. They will continue to flood the country with migrants and print money, no way they will allow the housing prices to drop much at all, OHIP has already collapsed because of the immigration Make immigrants as uncomfortable as they tried to make us. Make them regret trying to take advantage of our kindness. If they leave, housing becomes affordable for Canadians born here. I never in my 64 yrs in Halifax seen so many houses being build...there are sub division and clear cutting all around me and that is just in my neighbor hood. Halifax seems to be under constant construction ..new over passes....schools...it seems to never end!
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Even as market slows, Leslieville penthouse sells at a premiumThis 1,033-square-foot corner unit has a triangular plan with walls of windows and a wraparound terrace 'There are more than a million empty homes in Canada and on any given night at least 35,000 Canadians are homeless.'
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Shopify rallies with tech stocks despite weaker earnings outlook - BNN BloombergShopify rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown in e-commerce and focus on the company’s longer-term growth strategy.
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U.S. futures rise on earnings amid countdown to Fed - BNN BloombergStocks and US equity futures rallied Wednesday as a batch of resilient company earnings helped alleviate some of the wider caution in markets ahead of a pivotal Federal Reserve monetary-policy meeting.
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Crescent Point reports adjusted earnings jump on higher oil prices - BNN BloombergCrescent Point says it had a net income of $331.5 million in the second quarter, down from a $2.1 billion net income for the same quarter last year when earnings were boosted by a large reversal of a non-cash impairment.
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