Tech giant Apple (AAPL) -Get Apple Inc. Report said this past week that it will halt all sales of its product in Russia as the country's invasion of Ukraine continues. The American company site shows delivery dates as "currently unavailable" onits Russian siteand Apple said it hadstopped all exports into Russia. On Friday,Ukrainian Vice Prime Minister Mykhailo Fedorov publicly asked Apple to stop selling its products and services in Russia. "I've contacted @tim_cook, Apple's CEO, to block the Apple Store for citizens of the Russian Federation, and to support the package of US government sanctions! If you agree to have the president-killer, then you will have to be satisfied with the only available site Russia 24," Fedorov posted on his Twitter account. He also posted a lette

The Pinduoduo $Pinduoduo Inc.(PDD)$ stock price gained 2.73% on Thursday, 15th Jun 2023, rising from $78.67 to $80.82. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.84% from a day low at $80.31 to a day high of $83.39. The price has risen in 7 of the last 10 days and is up by 16.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $897.62 million.The stock lies the upper part of a very wide and fal

KEY POINTS Apple’s stock has soared over the past decade. The bears believe Apple's dependence on the iPhone, its unclear plans for the future, and its premium valuation will limit its gains. The bulls believe the expansion of its services ecosystem, high brand loyalty, and fortress balance sheet still make it a solid investment. Can the tech titan keep generating impressive returns? Apple(AAPL2.09%) has been a resilient investment for long-term investors. It generated a total return of about 790% over the past 10 years, which crushed the S&P 500's total return of roughly 280%. That growth was initially driven by robust sales of iPhones, iPads, and Macs. However, Apple continued to launch new products -- including the Apple Watch, AirPods, and HomePod -- while expanding its

SummaryAirbnb's stock price slid after a short report was issued last week.ABNB stock is now flirting with my target price for buying shares.Does the short report change the investment thesis? Let's take a look.What happened to Airbnb stock last week?Popular short stock publication The Bear Cave released a report last week detailing what it deems serious issues at Airbnb $Airbnb, Inc.(ABNB)$ that make the stock a poor investment. Airbnb stock was already having a bit of a down week, and this caused an additional 5% slide, as shown below.Data by YChartsThe stock was down 10% overall last week. Incidentally, it is approaching the target price I laid out in my previous article.Excerpt below:Still, patience could be rewarded in this shaky market. Buyi

Key Insights: Tencent goes deeper into the Metaverse with new patent applications for virtual concerts. In 2020, Tencent bought a stake in U.S virtual concert platform Wave in a bid to dominate the virtual concert stage. Chinese regulatory scrutiny could leave the Chinese music industry in the wake of Metaverse-friendly nations. Over the last few months, the Chinese government and the People’s Bank of China (PBoC) have been critical ofNFTsand the Metaverse. The shift in focus follows last summer’s ban on Bitcoin (BTC) mining. A marked increase in NFT activity and interest in the Metaverse has forced Chinese conglomerates to make a move despite condemnation from the government and the PBoC. China Giant Tencent Files Metaverse Patent Application This week, Chinese tech giantTencentreported

Reflecting the market’s 2022 woes,$Apple(AAPL)$ shares sit 8% into the red year-to-date, despite reporting what JPMorgan’s Samik Chatterjee calls a “robust” F1Q earnings report. With the continued macro disruptions taking center stage, it is hard to tell what the rest of the year has in store. Nevertheless, Chatterjee set out to gauge current sentiment on all things Apple, holding a recent buy-side survey. While it only had 15 participants, which the analyst concedes is “arguably not the best sample size,” Chatterjee thinks the survey can provide an indication of “where the Bull and Bear case for Apple lies in relation to FY22 performance and what will be the drivers of performance for the shares.” Let’s take a look at some of the findings. For one,

SummaryOracle's FYQ4 earnings call reveals a successful pivot towards generative AI, bolstered by strategic partnerships with NVIDIA and Cohere, and over $2B contracts from AI startups for OCI capacity.Despite potential GPU capacity constraints, ORCL has positioned itself as a leading AI player with a robust cloud infrastructure and a focus on privacy-centric AI services.Oracle's strong revenue growth and consistent EBIT margins indicate financial resilience, but high capital intensity and above-average valuation warrant cautious optimism for potential investors.Liudmila Chernetska/iStock via Getty ImagesOracle's $Oracle(ORCL)$ FYQ4 earnings call provided an exciting glimpse into the company's strategic trajectory towards generative AI, a focus th

Exxon Mobil Corporation’s XOM Australia-based subsidiary, Esso Australia Pty Ltd., reached a final investment decision to increase natural gas production from the Gippsland Basin Kipper field in southeastern Australia. The move is part of ExxonMobil’s attempt to address the potential shortages in the supply of domestic natural gas. The Gippsland Basin Kipper field is operated by the Gippsland Basin Joint Venture (JV). Notably, Esso Australia operates the JV, with a 50% ownership interest. The Gippsland Basin Kipper field is estimated to produce 30 petajoules (PJ) in 2023. ExxonMobil will invest $291 million to produce an additional 200 PJ of natural gas in the next five years. The company did not provide any details on the type of field development activities that will take place. The Gipp