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Big Tech Shares Drop On Disappointing Earnings

Plus, Chevron and Exxon reported double-digit declines in revenue, U.S. coronavirus cases rose to a new daily record, and McDonald’s announced the McRib will return in December.

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Why This 1 Stock Might Be The Best Way To Play The 5G Rollout In The Near Term

Apple just released its 5G-capable iPhones, ushering in the next-generation of smartphones. And this under-the-radar stock may be the best way to play the 5G rollout and Apple’s iPhone sales super cycle.

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Pelosi Set A Tuesday Deadline For Stimulus Negotiations If The Trump Administration Wants A Bill Passed Before The Election

Plus, ConocoPhillips is buying Concho Resources, AMC shares are up after New York Gov. Cuomo says movie theaters in the state can reopen, and an analyst issued a prediction for presales for Apple’s new iPhone 12.

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Goldman Sachs Just Reported A Monster Earnings Beat

Plus, earnings results weren’t so good for Bank of America and Wells Fargo, stimulus is looking evermore unlikely prior to the election, and Apple unveiled its newest iPhones.

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Levi Strauss Shares Jump As Denim Maker Reports 52% Online Sales Growth

Plus, President Trump called off stimulus negotiations, Eli Lilly submitted a request to the FDA for emergency use authorization for its experimental COVID-19 antibody treatment, and GE got a Wells notice from the SEC.

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Boeing Shares Sink Lower After It Cut Expectations For Demand For The Next Decade

Plus, Trump is back at the White House, House Speaker Pelosi and Treasury Secretary Mnuchin will resume stimulus negotiations today, and Apple announced a new product launch event for October 13 where it is expected to unveil new iPhone models.

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Kraft Heinz Shares Bounce After Company Says It’s Targeting $2 Billion In Cost Cuts Over 5 Years

Plus, Nikola shares are down following reports that the SEC is investigating a short-seller’s fraud claims, and Apple shares are up ahead of its first major product launch event of 2020.

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Nikola Shares Skyrocket On News Of GM Taking 11% Stake In The Electric Truck Maker

Plus, the Senate will vote on a “skinny” coronavirus relief bill this week, companies in the race to produce COVID-19 vaccines pledged to avoid shortcuts on science in the approval process, and Microsoft announced a smaller version of its new Xbox gaming console.

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Apple’s Thursday Fall Was The Largest One-Day Loss In Value For Any Company Ever

Plus, the unemployment rate fell to 8.4% in August, the WHO said it doesn’t expect the world will see large-scale coronavirus vaccinations until mid-2021, and Peloton announced a new lower-priced treadmill and a new premium bike model.

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Zoom Communications Shares Are Up 30%+ After Reporting 355% Jump In Revenue

Plus, Tesla said it plans to sell up to $5 billion in new stock, Walmart said it will launch its Walmart+ subscription service on September 15, and Apple is expected to announced its new iPhones in October.

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