{"id":196,"date":"2023-09-14T09:38:34","date_gmt":"2023-09-14T09:38:34","guid":{"rendered":"https:\/\/marsarchitect.vn\/?page_id=196"},"modified":"2023-09-29T03:16:09","modified_gmt":"2023-09-29T03:16:09","slug":"stories-news","status":"publish","type":"page","link":"https:\/\/marsarchitect.vn\/index.php\/stories-news\/","title":{"rendered":"04_Stories"},"content":{"rendered":"

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Home \/ News \/ Apple Market Rally Struggles Outside Apple As Earnings Kick Off<\/p>\n<\/div>

Apple Market Rally Struggles Outside Apple As Earnings Kick Off<\/strong><\/p>\n<\/div>

04:47 PM ET 07\/16\/2021<\/p>\n<\/div>

Business News\u00a0 \u00a0 Latest News<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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The Dow Jones, S&P 500 and Nasdaq traded near record highs, as Apple (AAPL) powered higher, boosted by reports of bullish iPhone production plans. But beneath the surface, market breadth continued to weaken while recent breakouts and buying opportunities struggled. JPMorgan (JPM), Goldman Sachs (GS) beat earnings views, along with other banking giants, despite weaker trading. Taiwan Semiconductor (TSM) tumbled on weak margins, fueling selling in several chip names. UnitedHealth (UNH) beat views while InMode (INMD) soared on preliminary results. Delta Air Lines (DAL) and American Airlines (AAL) reported positive cash flow for the first time since the pandemic started.<\/p>\n<\/div>

Bank Earnings Strong<\/p>\n<\/div>

Banking giants generally reported solid Q2 results amid declining trading revenue and growing investment banking revenue. JPMorgan (JPM) and Goldman Sachs (GS) beat forecasts. though the former released $3 billion in loan-loss reserves to bolster the bottom line. Bank of America (BAC) slightly missed revenue targets. Citigroup (C), Wells Fargo (WFC) and Morgan Stanley (MS) also topped estimates. Most were little changed for the week, though Wells and Morgan Stanley rose modestly.<\/p>\n<\/div>

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Taiwan Semi’s Margins Disappoint<\/p>\n<\/div>

Taiwan Semiconductor Manufacturing (TSM) met Q2 EPS views for an 18% gain, but its 50% gross profit margin of 50% slightly missed. The world’s largest chip foundry guided higher for sales for the full year and through 2025, but its long-term gross margin target of 50% disappointed investors. Shares tumbled, with other chip stocks selling off as well.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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