Investors are focusing on what has been a mostly positive earnings season, also shrugging off a negative private payroll report that was clearly impacted by the omicron variant spread in January. Google crushed earnings and that optimism has many traders feeling that the bottom is in for the mega-cap tech giants. Apple and Google have []
The power of Apple''s services business is growing, and the latest results show just how much it can drive future earnings, ''a big deal,'' according to analysts.

Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall

02:52pm, Wednesday, 02'nd Feb 2022 Action Forex
The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Europe FTSE +0.9% at 7590 Dax +0.45% at 15653 Euro Stoxx +0.4% at 4242 Apple & AMD smash forecasts Stellar [] The post Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall appeared first on Action Forex .
Canadian Depository Receipts take some of the exchange-rate uncertainty out of U.S. stocks

Financial Cycle Down, War Cycle Up – Charles Nenner Warns

02:08pm, Wednesday, 02'nd Feb 2022 Zero Hedge
Financial Cycle Down, War Cycle Up – Charles Nenner Warns Via Greg Hunter’s USAWatchdog.com , Renowned geopolitical and financial cycle expert Charles Nenner says his cycle analysis shows the highs are in for the stock market, and it’s downhill from here—way downhill. Nenner’s analysis show major support was breached at the beginning of 2022 . Nenner explains, “If it closes below the trend line, you better get out of the stock market, and it did. Now, in January, it has closed much lower that all the quarterly lows." " This is not making lows on a daily chart but a quarterly chart, and that is much more important than short term . . . . I did a report about how many stocks are in an uptrend and how many stocks are in a down trend. I think 50% is already in a bear market. There are just a few stocks that are holding up the market, like . . . Microsoft, Apple, Google. I looked into what the earnings are . . . it was clear they are never going to sustain those prices… ...I think 1% of the stocks are holding up 40% of the S&P.
Apple has revealed that it is planning to equip its car with a unique sunroof technology that would not need to be opened for letting the sunlight in but could change its transparency for the same.

Withings buys workout app, 8fit TechCrunch

08:00am, Wednesday, 02'nd Feb 2022 TechCrunch
French health wearables firm Withings today announced that it has acquired 8fit, makers of the workout/meal planning app of the same name. The news comes as hardware makers ranging from Apple and Samsung to Peloton and Mirror are taking an increasingly content-forward approach to the fitness space. Berlin-based 8fit launched in 2014, growing into a []

Withings buys workout app, 8fit

08:00am, Wednesday, 02'nd Feb 2022 TechCrunch
French health wearables firm Withings today announced that it has acquired 8fit, makers of the workout/meal planning app of the same name. The news comes as hardware makers ranging from Apple and Samsung to Peloton and Mirror are taking an increasingly content-forward approach to the fitness space. Berlin-based 8fit launched in 2014, growing into a []
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Apple has begun the process of testing its upcoming devices in India, according to a new report, and these could be the iPhone SE+ 5G, an iPad Air refresh, and a new iPad.

Were Hedge Funds Right About Apple Inc. (AAPL)?

01:46am, Wednesday, 02'nd Feb 2022 Insider Monkey
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings.
Ford To Invest Up To $20 Billion To Accelerate Shift To Electric Vehicles Ford has announced today it plans to spend as much as $20 billion to accelerate its shift to electric vehicles. The company''s newest reorganization efforts are being spearheaded by Chief Executive Officer Jim Farley and Doug Field, the former head of Apples car project. Under the plane, Ford will spend $10 billion to $20 billion over the next 5 to 10 years to convert factories from traditional ICE production infrastructure to buildings with EV production capabilities, Bloomberg reported on Tuesday. The report said that Farley wants to "challenge Teslas dominance in EVs". Already, investors have rewarded Ford''s initiative, with its stock touching multi-decade highs near $25 per share and a $100 billion market cap earlier this month. The reorganization is also going to result in a hiring binge, according to the Bloomberg report, which said that the company will sport "a reworked Ford organizational chart, including the hiring of an unspecified number of engineers specializing in disciplines relatively new to the company, such as battery chemistry, artificial intelligence and EV software." Ford has also considered spinning off some of its EV business in order to capture some of the valuations that the market is assigning to EV companies.
JPMorgan has struck a more cautious note on Asian tech stocks but believes a number of them will still do well.
''Apple has to make a play here,'' as gaming deals heat up, says The Verge''s Patel CNBC
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