Musk’s Twitter Faces New Rejection

Elon Musk has accused Apple of threatening to remove Twitter from its App Store. Musk is furious about Apple’s censorship policies and stance on free speech. Billionaire Elon Musk has been wrestling with rejection since the day he acquired the social media platform Twitter. In a series of tweets yesterday, Musk lambasted iPhone maker Apple (NASDAQ:AAPL) for its stance on free speech and censorship norms.
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Elon Musk: 'The people have spoken' on Apple and censorship

Elon Musk continued to goad Apple (NASDAQ:AAPL) on Tuesday, as he published the results of a poll in which he asked his 119.4M Twitter (TWTR) followers what they thought about how the world's most-valuable company approaches the topic of censorship regarding its customers. In his poll, which he posted on...
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PayPal, Venmo maintain strong market share in Black Friday shopping - Wedbush

A survey of Black Friday shopping underscored PayPal's (NASDAQ:PYPL) dominance in online shopping and its expansion in in-store transactions, Wedbush analyst Moshe Katri said in a note on Tuesday. In online payments, PayPal's (PYPL) core product and Venmo accounted for 34.9% of Black Friday shopping held third place among Black...

Notable Tuesday Option Activity: HUBG, IMAX, AAPL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hub Group, Inc. (Symbol: HUBG), where a total volume of 6,014 contracts has been traded thus far today, a contract volume which is representative of approximately 601,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 298.3% of HUBG's average daily trading volume over the past month, of 201,625 shares. Especially high volume was seen for the $75 strike put option expiring December 16, 2022, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of HUBG. Below is a chart showing HUBG's trailing twelve month trading history, with the $75 strike highlighted in orange:

Apple's VR Headset Might Be Its Biggest Flop in Decades — Here's Who the Real Winners Will Be

The virtual reality (VR) market has been heating up, with dozens of major players and startups rolling out their versions of the original Oculus. The clear winner is currently Meta Platforms Inc. META with a reported 90% market share in the VR industry. This is in line with the company’s massive spending in the sector. Meta has spent over $100 billion on building out its VR and metaverse goals, which has yet to pay off, resulting in a roughly 70% decline in its stock price this year.

Why Long-Term Investors Should Be Buying Apple (AAPL) on the Dip

I have often talked in Market Musings about the importance of understanding the difference between trading and investing. As most people are aware, the most basic difference between the two is the time frame. Trading is inherently short-term, with trades designed to be closed out in minutes, hours, or maybe days at most, whereas investing is long-term. Investors typically buy stocks with a view to holding them for years, and maybe even decades in some cases.

What’s Hurting Stitch Fix (NASDAQ:SFIX) Stock?

Stitch Fix (NASDAQ:SFIX) stock closed 7.2% lower on November 28. While there was no company-specific news, a broader market selloff following a senior Fed official’s comment about the inflation fight continuing until 2024 and China worries weighed on SFIX. The company offers online personal shopping and styling services. It’s...

Is Apple a Must-Own Stock in 2023?

Every so often, a company comes along and has so much success that many investors end up retiring millionaires by simply going along for the ride. Apple (NASDAQ: AAPL) is one of those companies. The tech giant has seen success matched by very few in history, and it has been rightfully earned. After all, it has world-class products, top-tier brand loyalty, and a bank account that other companies can only dream of having.

Thanksgiving Weekend Spending Pops as Shoppers Defy the Downturn

On Tuesday, new data from the National Retail Federation revealed that inflation could not stop shoppers from being jolly during the Thanksgiving weekend. Not only was the number of shoppers higher than the previous year, but so was the average amount spent per person. The trends are in line with those during the pre-pandemic days.

Apple Crowns App Dubbed As Threat To Instagram, TikTok 'iPhone App Of The Year'

Apple Inc. AAPL has announced the 2022 App Store Awards winners. What Happened: Apple announced the winners of the 2022 App Store Awards, highlighting the games and applications that encouraged people to “engage more deeply with the world, expand their imaginations, and stay connected to friends and loved ones.”

Why Polestar (PSNY) Stock Is Rebounding After 13% Plunge

There is renewed optimism that China will ease its coronavirus restrictions soon. Polestar (NASDAQ:PSNY) stock slumped 13% yesterday, trending down amid worries about China’s Covid-19 policies and recent protests against the restrictions. Now, though, PSNY stock is rebounding. Slightly in the green as of this writing, shares are recovering as signs emerge that Chinese officials are looking to ease lockdowns and lift vaccination rates.

Apple, Amazon, Crowdstrike, Kintara, Intuit: Why These 5 Stocks Are Drawing Investors' Attention Today

Major Wall Street indices ended flat on Tuesday as investors and traders shifted their focus to Federal Reserve Chair Jerome Powell’s scheduled speech on Wednesday at an event hosted by the Brookings Institution in Washington. Market participants are also eyeing the personal consumption expenditures and payroll data due later this week. Meanwhile, here are the five stocks that are drawing investors’ attention today:

Elon Musk's Fight With Apple Gets Tricky As Twitter Said To Be Rolling Out Blue Verified Only On iOS For Now

Elon Musk's Twitter is reportedly set to roll out its Blue verified service on schedule but it will be only available on Apple Inc's (NASDAQ:AAPL) iOS platform at launch. What Happened: The service will be launched in the form of a Twitter iOS app update on Friday and will need to be approved by the Tim Cook-led company due to a standard app review process, reported Reuters, citing The Information's sources.

MAGA Out Of Favor

With the flare-up of protests in China sparking concerns about production disruptions at Foxconn factories, shares of Apple (AAPL) are once again down 20% from their all-time closing high. With that move, all four of the mega-cap ‘MAGA’ stocks – Microsoft (MSFT), AAPL, Alphabet aka Google (GOOGL), and (AMZN) – are now down at least 20% from their all-time closing highs. Along with AAPL’s 22% drawdown, the three others have seen declines in excess of 30% with AMZN down over 50% from its record high.