Is Apple Pointing to a Massive Recession in the U.S.?

Apple (AAPL) is making moves behind the scenes to prepare for a downturn...Bloomberg recently reported that the tech giant plans to freeze hiring in some divisions- while remaining cautious on spending through next year. And the thing is, Apple isn't alone...Bottom-line: Apple might be pointing to a massive recession in the U.S. If you have any serious assets in the market, there is one critical step you must take now.

Putin's "Violent Death"

Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant?

Bhavik Nair
September 30, 2022

Meta Platforms Inc. (NASDAQ:META) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday.

What Happened: Meta has moved to the 12th position among companies with top market cap behind Exxon Mobil Corp (NYSE:XOM) whose market cap stood at $369.59 billion, taking it to the 11th spot, data from companiesmarketcap.com shows. Visa Inc. (NYSE:V) stock is at the 10th position, with a market valuation of $372.51 billion.

Apple Inc. (NASDAQ:AAPL) is the most valuable company in the world, with a market valuation of nearly $2.29 trillion, as of Thursday's close.

Meta CEO Mark Zuckerberg announced plans to reorganize teams and trim headcount for the first time ever, according to a report by Bloomberg.

Zuckerberg said the company will freeze hiring and restructure some teams to reduce expenses and realign priorities. Meta will likely be smaller in 2023 compared to what it was this year, he reportedly said.

See Also: How To Buy Meta (Formerly Facebook) Stock

Why It's Important: Meta’s market cap hit its highest level on Sept. 1, 2021, when it peaked at slightly over $1.07 trillion. A financial market rout following U.S. Fed’s aggressive rate hikes to control inflation took a heavy toll on tech stocks this year.

Meta shares lost over 59% since the beginning of 2022.

In the same time period, shares of Exxon Mobil gained over 39% supported by a rise in oil prices due to the Russia-Ukraine war and the global energy shortage.

In the second quarter, the company generated earnings of $17.9 billion as against $4.69 billion in the same period last year. Cash flow from operating activities stood at $20 billion.

The company attributed the higher numbers to increased production, higher realizations and margins, and aggressive cost control.

Read Next: If You Invested $1,000 In Exxon Mobil Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Continue Reading...

Most Popular
November 27, 2022

Vitalik Buterin Gets A Lesson On Reading Books By 'Black Swan' Author

Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin wanted to know if reading long-form books was “virtuous or even necessary” and he got 'schooled' on the topic by the author of the ‘Black Swan’ Nassim Nic

November 27, 2022

Shanghai Hit By COVID Protests: Demonstrators Chant 'Xi Jinping Step Down, CCP Step Down'

On Sunday, protests spread across Shanghai and Beijing against China's strict 'zero COVID' policies. It's been almost three years since China has followed some of the strictest COVID restrictions in the world.

November 29, 2022

Google, Amazon, Facebook Defecting to New System - Ad

These companies are among the early movers in a brand-new trend that's expected to deliver a knockout punch to a $3.4 trillion industry and potentially disrupt up to $100 trillion worth of global assets.

November 27, 2022

Why Bill Gates Got Special Invite From Elon Musk To Drive Tesla Semi When Deliveries Begin Dec. 1

Tesla, Inc. (NASDAQ: TSLA) is all set to commence deliveries of its Semi on Dec. 1, and the first vehicles will be received by beverage giant PepsiCo.

November 29, 2022

The One Ticker Retirement Plan - Ad

Market Wizard who made $95 million for his clients in 2008 -- and predicted the 2022 collapse back in January -- reveals his strategy: How to make all the money you need -- in any market -- using a single stock.

November 27, 2022

Trump Alleges 'Seriously Troubled Man' Kanye West Brought White Supremacist To Mar-A-Lago Dinner

Former President Donald Trump said over the weekend that Ye, formerly known as Kanye West, brought the white supremacist Nick Fuentes to dinner at h

November 29, 2022

Why I'm breaking ranks to show you this income secret of the 1% - Ad

There's a secret many Wall Street titans like Warren Buffett and the rich clients I advise use to bring in cash from the market whenever they want... No matter if the markets are up, down or sideways. The reality is just about any American can tap into what I like to call "the secret income stream of the 1%." You just have to know how.

November 28, 2022

This Is What Whales Are Betting On Alibaba Group Holding

Someone with a lot of money to spend has taken a bearish stance on Alibaba Group Holding (NYSE:BABA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

November 28, 2022

Bankrupt BlockFi Sues Sam Bankman-Fried Over Robinhood Shares Pledged As Collateral

BlockFi, the latest crypto lending platform to go bankrupt, has filed a suit against FTX (CRYPTO: FTT) founder Sam Bankman-Fried's holding company Emergent Fidelity Technologies, seeking his shares in Robinhood (NASDAQ:

November 29, 2022

Research firm S&P Global points at impending "reset" - Ad

According to top research firm S&P Global, a number of factors -- including tax cuts and a jump in demand from top corporations like Apple, Google, Microsoft, Tesla and Amazon -- are driving record growth. Get the full details of this inevitable global reset here.

November 28, 2022

Marathon Oil To Rally Around 65%? Plus This Analyst Cuts PT On Twilio By 55%

Raymond James raised the price target on Marathon Oil Corporation (NYSE: MRO) from $37 to $48. Raymond James analyst John Freeman maintained a Strong Buy rating on the stock. Marathon Oil shares fell 2.5% to $29.62 in pre-market trading.

November 28, 2022

Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says 'Most Will Leave Just Before Buy Of A Lifetime'

Bitcoin and Ethereum were trading in the red on Monday evening as the global cryptocurrency market cap shrank 1.5% to $818.6 billion at 8:22 p.m. EST.

November 29, 2022

Will This Battery Replace Lithium-Ion Batteries? - Ad

A new battery breakthrough is about to hit the market... And when it's rolled out, lithium-ion batteries could become obsolete! Gas-powered vehicles, they could be driven off the roads by 2030! This new battery... well, it's so small it can fit on the tip of your finger.

November 28, 2022

Canada: Psychedelics Delegation Will Confront Federal Health Ministers, Toronto Magic Mushrooms Shop

British Colombia-based non-profit TheraPsil together with a group of patients and medical professionals from across Canada are headed to Ottawa to demand top health officials better acces

November 29, 2022

Wall Street Legend Warns "Financial Reset" Is Coming - Ad

Get out of U.S. banks immediately and move your money into a new vehicle 50 years in the making.

November 27, 2022

Apple China Supplier Offers $1,800 Bonus To Workers After Over 20,000 Recruits Leave Over Pay Issues

In a bid to sustain the staff levels needed to run the main iPhone-making facility, key Apple Inc. (NASDAQ: AAPL) supplier Foxconn is reportedly offering bonuses of as much as $1,800 to its existing workers

November 28, 2022

Meet Beehiiv, The 'Shopify For Newsletters' Offering Creators Tools Like An Ad-Network

The threat of hidden incentivization and a desire for better methods to monetize have writers looking for new newsletter platforms, beehiiv co-founder and CEO Tyler Denk said. “Some platforms may promote certain writers that earn them more revenue.”

November 29, 2022

FDA Approval Could Send Stock up 46,751% - Ad

Whenever the FDA approves a new drug...Timely investors could see 300-400% returns overnight...CCXI returned 281% to investors in one day...Relmada shot up 971% in 9 months...Agile soared 305% in 5 months...

November 28, 2022

Tesla Analyst Flags 2 Features That Prove Using FSD Is Safer Than Driving Without It

Tesla Inc.’s (NASDAQ: TSLA) full-self driving beta, which got a wider launch earlier this month, is touted as a key revenue oppo

November 29, 2022

Major buyer hoarding gold -- but why? - Ad

Do they know something you don't? They've added to their gold stash for 5 months. Whether this is an inflation hedge, or they're prepping for nuclear war -- we're talking HUNDREDS of tons of gold. And yet nobody's talking about it!

November 27, 2022

Dogecoin Shines As Bitcoin, Ethereum Muted — Chartist Says 'Break Above' This Level Presents 'Great Long Opportunity' For DOGE

The two-largest coins by market capitalization were subdued on Sunday evening as the global cryptocurrency market cap inched down 0.1% to $835.1 billion.​​

November 28, 2022

Why Taboola Shares Are Trading Higher By Around 53%? Here Are 53 Stocks Moving In Monday's Mid-Day Session

Gainers Taboola.com Ltd. (NASDAQ: TBLA) shares gained 52.5% to $2.8050 after the company announced it entered into a 30-year exclusive commercial agreement with Yahoo.

November 29, 2022

In 20 years, this little-known trader didn't have a single losing year... - Ad

In his debut video, Market Wizard Larry Benedict reveals how to make all the money you need, in any market, using a single stock. Watch the video and get the name and ticker of the one stock that could put you on the road to financial success.

November 28, 2022

A Railroad Stoppage Before Christmas Could Cause Over $2 Billion In Economic Damage, Driving Inflation Even Higher

In September, the nation's largest rail unions began negotiating with rail companies to establish better schedules, more pay and paid sick time for its track maintenance workers.

November 29, 2022

Legal Loophole That Prints Money - Ad

On the training, you will learn about the... "Window Of Opportunity - 7 Ways To Make Money With Crypto Even If You Are Brand New" plus a bonus 8th "Instant Money Loophole" strategy you can start today.

November 29, 2022

Waiting until stocks go back to "normal"? (Try this $1 deal instead) - Ad

Here's the truth... This IS the new "normal." And if you want to grow your wealth in this new market environment, you need to adapt accordingly. One of the oldest financial think tanks in America recently launched a unique project to help you do exactly that.

November 28, 2022

No, Apple Didn't Delete Tweets Amid The Elon Musk Battle

The Twittersphere and the internet at large were confused Monday after visiting Apple Inc.’s (NASDAQ: AAPL) main Twitter page to find that it seemingly scrubbed all tweets it previously shared to its 8.7 million followers in light of

November 28, 2022

Goldman Sachs, Walmart And These 2 Stocks Insiders Are Selling

The Nasdaq Composite dropped around 0.5% on Friday. Investors, meanwhile, focused on some notable insider trades.

November 29, 2022

China Has Stunning Lithium Chokehold on U.S. - Ad

What's happening now is dangerous. The U.S. barely has any lithium so desperately needed for our military's equipment. China controls 80% of the world's lithium. If the communist country decides to withhold it from the U.S., our military could be brought to its knees.

November 28, 2022

Barclays Says 'The Worst Is Yet To Come' For Beyond Meat And Tyson Foods As Inflation Takes A Bite Out Of Profits

Barclays analysts expect protein sales to be impacted by rising prices for years to come, hence the downgrade of Beyond Meat Inc (NASDAQ: BYND) and Tyson Foods, Inc. (NYSE: TSN) Monday morning.

November 29, 2022

This Is Bigger Than 5G, AI, or Electric Vehicles - Ad

It's still on the "ground floor" level of opportunity because you don't see major financial publishers making any mention of it. Which is exactly why investing in companies like this is so attractive.

Most Recent
November 29, 2022

Is This the "Amazon of Crypto"? - Ad

November 29, 2022

It's Not a Depression -- It's Bigger - Ad

November 29, 2022

Could This Be the Next Bitcoin? - Ad

November 29, 2022

My #1 Biotech Stock For November - Ad

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2020 activatrade.ca
Privacy Policy | Terms of Service