To The Moon

$Apple$ was in focus on Wednesday as Bank of America highlighted the continued strength in the App Store, while J.P. Morgan lowered its iPhone volume unit estimate for the December quarter.App Store revenue grew 13.6% year-over-year to $7.8B in the company's fiscal fourth-quarter, Bank of America analyst Wamsi Mohan said, citing SensorTower data. Total downloads for iPhone and iPad rose 5.5% year-over-year to hit 8.9B.Delving a bit deeper, App Store revenue in September rose 14% year-over-year,

One of the oldest adages on Wall Street -- "sell in May and go away" -- has held that it is in investors' best interest to sell their stocks at the beginning of May and return to the market at the start of November.Actually, yes, but not as much as it once did.To study the accuracy of this axiom, also known as the Halloween indicator because it suggests buying stocks right after Oct. 31, my research assistants and I pulled all data on various stock classes going back to the 1950s. These groupings were U.S. growth stocks, U.S. value stocks, large- and small-cap U.S. stocks, and international stocks.With these groupings, we then looked at two periods: before 2000 and after 2000 through 2023. And within each of these date ranges, we looked at average returns and volatility for the period from May to October versus the rest of the year .In all, it appears that there is still some truth to "sell in May and go away" in the 21 century as you can indeed score higher returns by s

Looking for suitable stocks to hand down to your kids? These three may make the cut.

Company needs to restart search for next blockbuster productAlphabet and Chinese rivals still focused on automotive marketIn abandoning plans for a self-driving car, Apple Inc. is giving up on billion

Olam Group said an audit and risk committee has found no evidence to establish the allegations of a multi-billion dollar fraud by its Nigerian units.The review by the committee was conducted with the assistance of external counsels and independent external accountants, Olam said Monday.In September, the Daily Nigerian newspaper and Prime Business Africa, citing unnamed sources, reported that Nigeria's State Security Service was investigating an economic fraud to the tune of over US$50 billion involving Olam Nigeria, Olam International, and their nine subsidiaries.Olam had denied those allegations, and its board had directed the audit committee to review the matter."Olam Nigeria has cooperated fully with the Nigerian authorities and assisted in their enquiry. No charges have been brought against Olam Nigeria or any of its officers by the Nigerian authorities," the Singapore-listed company said, adding that all its businesses in Nigeria continue to operate normally.The company said that

Singapore will likely seek to defray living costs and support retrenched workers and small businesses through its annual budget Friday

Apple reports earnings after the close of trading Thursday. Apple Inc. will be looking to break an inglorious streak Thursday afternoon.The iPhone maker has seen revenue decline for each of its past four reported quarters, and there are questions heading into its earnings report about whether that stretch will extend to a fifth quarter.The consensus view calls for Apple to have eked out positive growth in the all-important holiday period, with the average forecast calling for $118 billion in sales in aggregate, up 0.7% from the $117.2 billion that Apple posted a year before.Still, the company will be cutting it close, as the December quarter brought continued consumer-spending pressures in China as well as a brief disruption to Apple Watch sales brought about by a patent dispute. While most analysts tracked by FactSet project some sort of revenue growth for Apple, some have forecasts that would imply a decline."China risk [is] in focus, but we think emerging-market share gains and dev

Amid hundreds of questions for Tesla earnings day, one reigns supremeA Model 3 at an exposition in Beijing in December. Starting at nearly $40,000, the EV is not exactly geared to the masses. But reta

Apple Inc., facing a controversy in France over the iPhone 12’s radiation levels, has advised tech-support staff not to volunteer any information when consumers ask about the issue.If customers inquir