Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
FACEBOOK, GOOGLE: Russian threat? Give me a break
Recently, the Russian officials shared collective grief of the Russian state-backed media companies that Twitter, Facebook, and Youtube censor their content.
Geopolitically, it’s funny, of course: those three media services come from the US, and it makes full sense if certain Russia-backed content would be blocked. Russia and the US have rarely been friends, really. On top of that, there would be no financial danger for Twiter, Facebook, and Alphabet to do that as the Russian audience is hardly a major market for their services.
That’s why, while it may be something for the US diplomats and political strategists to take into account, it can hardly have any effect on the stock price of the corresponding companies. Facebook, for example, is in an uptrend: still a bit subdued, but, no doubt, it will eventually beat $290, then $300 and make a new all-time high. The same applies to Google.
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Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).