Author: Ryan Medley

The stock for one of Apple Inc.’s component suppliers, Cirrus Logic Inc. (CRUS), surged at the open of trading this morning, and the company was followed closely in the media by many investors. The milestone stock, which gained 4.44 percent in the opening moments of trading on the NASDAQ, carried strong momentum as other stock indices followed with moderate gains as well. The price of CRUS stock was around $124 at the start of trade. Apple Inc. stock rose by 1.98 percent to $216.57, outperforming its peer S&P 500 (SPX)…

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Asian markets traded mixed on Thursday following strong opening gains on Wall Street on Wednesday. The Nikkei 225 ended the day flat to the middle while the S&P 500 closed slightly lower, led by declines in technology stocks and a drop in financials. US markets rallied early this week on news that President Donald Trump plans to meet with China’s Xi Jinping in late June to discuss trade war issues. The escalation of the US-China trade war would trigger a severe slowdown in both economies, and hurt profitability and investment.…

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Apple shares see a sharp spike in trading on Wednesday, after the company reports its first-quarter sales figures for the current fiscal year. The earnings beat predictions and Apple shares sees a subsequent spike. The stock was up 3.0 percent at the time of this writing. Apple announced its third-quarter results Tuesday and the tech giant posted quarterly sales of $52.9 billion and profits of $11.8 billion, which beat revenue and profits forecasts from analysts. According to the company, sales in the quarter were up 10 percent from the same…

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Apple shares see a sharp spike in trading on Wednesday, after the company reports its first-quarter sales figures for the current fiscal year. The earnings beat predictions and Apple shares sees a subsequent spike. The stock was up 3.0 percent at the time of this writing. Apple announced its third-quarter results Tuesday and the tech giant posted quarterly sales of $52.9 billion and profits of $11.8 billion, which beat revenue and profits forecasts from analysts. According to the company, sales in the quarter were up 10 percent from the same…

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Apple’s market value slipped below $2 trillion for the first time in more than two years on Wednesday after sliding more than five percent in premarket trading as investors started to pull back on tech holdings. The world’s most valuable publicly listed company also saw some of its crown taken from Microsoft by ExxonMobil, the oil giant that closed just above Apple’s market value. Twitter was also hit, knocking 5.07 percent lower as investors speculated that Twitter will face pressure from regulators. Twitter shares have now lost more than a…

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Johnson & Johnson stock traded above the 52-week high on Wednesday. JNJ stock was around 3.14%. The blue-chip stock has climbed 8.2% in the past three months, thanks in part to the successful launch of the soon-to-be-listed JNJ PARADIGM 3.0. JNJ PARADIGM 3.0 is a data transfer system for collecting, storing, and delivering life science applications and clinical trial results. Research and development used its PARADIGM technology to develop Arimidex, one of the largest-selling type II beta-blockers on the market. The launch was a critical milestone for JNJ’s competitive position,…

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