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Thursday, October 21, 2021

Apple Giveth, Apple Taketh Away -- October 21, 2021

SNAP: crashes. Loses a third of its value. What a debacle.

  • ouch
    • dropped 25%
    • dropped  $20
    • trading at $55
  • watching the spin by analysts will be interesting;
    • blames Apple
    • apparently Apple made changes in it iOS that dramatically affect Snap
  • Epic-like apps might want to take notice
  • should this have been a surprise for SNAP investors?

S&P 500: closed at new high;

Selected tickers
:

  • UNP: closes at 52-week high.
  • XLNX: closes at 52-week high.
  • AAPL: actually up slightly; surprised
  • oil equities: mostly slightly lower
  • one exception: Icahn's SWX
  • DFS: down 8% -- ouch
  • INTC: down almost 8% after hours; beat on earnings, but missed on revenue
  • ARKK: up a bit

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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