Tech shares stumble after-hours on Apple, Amazon
Tech shares faltered in late trading after results from $Amazon (AMZN.US)$ and $Apple (AAPL.US)$ fell short of expectations, marring what had been a strong earnings period for heavyweights in the sector.
The biggest exchange-traded fund tracking the $NASDAQ 100 Index (.NDX.US)$ slid 0.7% as of 4:35 p.m. in New York, after Amazon warned its holiday profit could be zapped by higher costs and Apple's sales missed forecasts. The online retailer lost 5% and the iPhone maker dropped 4.8%.
S&P 500 short bets are worryingly scarce, Wells Fargo says
Short interest in the $S&P 500 Index (.SPX.US)$ has remained near historic lows for a large portion of 2021 as the U.S. equity benchmark has climbed to new heights. That's concerning in the longer term, as higher short interest levels tend to help minimize price gapping when the market is faced with unexpected risks or shocks, said a team of strategists including Christopher Harvey in a Thursday note to clients.
Economic growth rate slows to 2% on a sharp slowdown in consumer spending
The U.S. economy grew at a 2% annualized pace in the third quarter, its slowest increase since the end of the 2020 recession. Decelerations in consumer spending and residential investment helped keep the number lower.
Weekly jobless claims fell more than expected last week to a fresh pandemic-era low of 281,000, below the 289,000 estimate.
Trump-tied SPAC fuels day trader return to blank-check stocks
Retail investors are rushing back into blank check companies, and the mania surrounding a company tied to former President Donald Trump is a big reason.
Individual investor interest has spread from $Digital World Acquisition Corp (DWAC.US)$ to other pre-merger SPACs like $B. Riley Principal 150 Merger Corp. (BRPM.U.US)$ and $Altimeter Growth Corp (AGC.US)$ over the past week as retail traders hype shares across platforms like Stocktwits and Twitter. The same enthusiasm was, however, missing for those that have already been closed like $DraftKings (DKNG.US)$ and $Lucid Group (LCID.US)$, according to data from Vanda Research.
Amazon earnings suffer as growth slows, costs rise
$Amazon (AMZN.US)$ posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain disruptions would weigh on earnings.
It posted sales of $110.8 billion and generated a profit of $3.2 billion, down from the $6.3 billion the company made during the same period a year earlier. Wall Street expected $111.6 billion in quarterly revenue and profit of $4.6 billion.
Facebook changes company name to Meta
$Meta Platforms (FB.US)$ on Thursday announced that it has changed its company name to Meta. The name change, which was announced at the Facebook Connect augmented and virtual reality conference, reflects the company's growing ambitions beyond social media.
The re-branding also comes after the company has dealt with a barrage of news reports over the past month stemming from whistleblower Frances Haugen's trove of internal documents.
There's a 'Squid Game' cryptocurrency – and it's up nearly 2,400% in the last 24 hours
Squid is now $2.22, up nearly 2,400% over the last 24 hours, and its market capitalization is over $174 million. The Squid token was launched as the exclusive coin of the Squid Game project – a crypto play-to-earn platform.
Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion
$Apple (AAPL.US)$ revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints. Apple's overall revenue was still up 29% on an annual basis and each of its product categories grew on an annual basis.
Apple hasn't provided official guidance since the start of the pandemic, but Cook said Apple expects "solid year-over-year revenue growth" in the December quarter despite the fact Apple will face worse supply constraints.
Source: Bloomberg, WSJ, CNBC

$Altimeter Growth Corp (AGC.US)$
21/10/2021 Complete Exciplation 🤭🤭🤭

Climate change has been front and center for Big Oil following Exxon's shareholder meeting on May 26. Activist investor Engine No. 1 gained ground in its fight to get the U.S. oil major to take a more proactive approach to climate change, which it believes will have major ramifications for Exxon stock. $Exxon Mobil (XOM.US)$ $S&P 500 Index (.SPX.US)$
SO, XOM should sell all ties to fraking and let supply dri up
push oil to new highs
buy silver and store it themselves then they would hold the cards on
solar panels and ev cars

This is as close to free money as you can get.
$BIT Mining (BTCM.US)$ $Bitcoin (BTC.CC)$ $Canaan (CAN.US)$ $SOS Ltd (SOS.US)$ $The9 Ltd (NCTY.US)$

The financial report of listed companies mainly focuses on the accounting data and financial indicators of the listed company, the total number of shareholders at the end of the reporting period and the number of shares held by the top ten shareholders of tradable shares, management discussion and analysis, the reporting period profit and profit distribution statement, etc.  For information disclosure, listed companies in the market usually have clear information, expected information, and unexpected information to make announcements to the market.
For the quarterly reports released by listed companies, the sudden information of listed companies is more influential than expected information, and the impact on stock prices will be more severe.  For example, the stock of Central Communications suffered a large loss in the quarterly report due to fines on the performance of the listed company, which affected the stock price at that time.
The expected announcement of the listed company will gradually ferment the stock investment sentiment in the market, and the influence will be gradual.  For example, before the release of the quarterly report of a listed company, the expected quarterly performance of the listed company will double, which will increase the investment sentiment of the market and possibly promote the rise of stocks.
Investors need to pay attention to the fact that the earnings report is less than expected after the release, which will have a negative impact on stock prices.  If it is in line with expectations, there is a high probability that a small part of the stock price will pull back.  If the released financial report is significantly higher than expected, there is a high probability that the stock price will rise rapidly in the short term.
Generally speaking, stock financial reports can effectively analyze the latest stock fundamentals, and investors need to recognize the authenticity of listed company reports when referring to them.  If the report is modified or omitted, the report will be distorted.  However, there is no perfect investment method and interpretation method in the investment market. They all need to be combined with other market indicators and market environment as well as individual stocks for reference.
For example, $Apple (AAPL.US)$ this company faced various lawsuits in August, and it continued to rise after the financial report!  So I also think that after the financial report in October, it will also give investors a good price!

$The9 Ltd (NCTY.US)$ :( hope it goes back up to 20

Hi mooers,
How did you celebrate Father's Day? Has anyone not yet shared #My NO.1 Trading Rule in our contest? TODAY IS YOUR FINAL CHANCE! Share your story and win a FREE $BlackBerry (BB.US)$stock!
BONUS
Many of you are passionate storytellers and talented writers. We've received over 1200 posts and we totally feel your enthusiasm. So, we just decided to give out additional 100 bonus gifts! Besides the original 10 share of  ...