Daily Markets: Stocks Face Earnings Showdown Amid Apple and Amazon Events

Today’s Big Picture

The major equity indices in Asia closed mostly in the green today. Trading in Hong Kong was suspended due to Typhoon Nangka – because it is still 2020. China’s Shenzhen Component rose 0.7%, Japan’s Nikkei closed up 0.2%, South Korea’s Kospi closed slightly below flat, and Australia’s S&P/ASX 200 rose 1.0%. By midday trading, European equities were mostly in the red, and U.S. equity futures point to a mixed session at the open.

Investors have a full plate ahead of them today that includes a helping of corporate earnings as the September quarter earnings season gets underway and the two high profile events that are Apple’s (AAPL) “Hi, Speed” event and Amazon’s (AMZN) 2020 Prime Day event. The accompanying side dishes for this full course will be the Supreme Court confirmation hearing for Amy Coney Barrett, potential new pandemic restrictions, and fiscal stimulus conversations in Washington.

Data

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‘Genshin Impact’ To Debut Dragonspine Region In December, Targeting Regularly Scheduled Events

KEY POINTS

  • Dragonspine, the game’s new region, will be released on Dec. 23
  • Multiple versions are being developed simultaneously to ensure regularly scheduled content
  • New versions are being developed in line with in-game cultures and calendar events

“Genshin Impact” developer miHoYo announced a new in-game area, Dragonspine to debut on Dec. 23. The developer also shared plans on regular roadmap updates.

Currently, players of “Genshin Impact” can visit two nations, Mondstadt and Liyue.

miHoYo announced on the “Genshin Impact” blog that, on Dec. 23, the area to be known as Dragonspine will be revealed as part of Version 1.2 of the game. The developer promises to do its best to release a version update every six weeks, ideally on a Wednesday, with every version coming with its own themed activities.

Currently, VG24/7 notes that the following versions have been targeted with their respective events:

  • Version 1.1 – Estimated to arrive
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Activewear Apparel Market will Showcase Negative Impact During 2020-2024 | Increasing Sports Events & Tournaments to Boost Market Growth

LONDON–(BUSINESS WIRE)–Oct 12, 2020–

Technavio has been monitoring the global activewear apparel market size and it is poised to grow by USD 157.1 billion during 2020-2024, progressing at a CAGR of 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005703/en/

Technavio has announced its latest market research report titled Global Activewear Apparel Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Corp., Columbia Sportswear Co., Dick’s Sporting Goods Inc., G-III Apparel Group Ltd., Gildan Activewear Inc., Hanesbrands Inc., Nike

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S&P 500 Gains 57 Points Ahead of Earnings, Huge Apple and Amazon Events, Ford Stock Gets an Upgrade

The S&P 500 Index (SNPINDEX: ^GSPC) gained nearly 1.7% on Oct. 12, a huge day for the index that makes up some 80% of the entire U.S. stock market’s value. With the exception of materials, every sector closed higher today, but tech did the heavy lifting. The Technology Select Sector SPDR ETF gained 3%. Apple (NASDAQ: AAPL) gained 6.2% today, while Amazon.com (NASDAQ: AMZN) closed up 4.5% and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Facebook (NASDAQ: FB), picked up 4%. Combined, that’s $7.4 trillion in market cap gaining more than 4.5% on average.

Why the big day? A combination of factors, including Wall Street analyst upgrades, optimism that Congress could reach a deal on stimulus, and high hopes as earnings season gets under way — not to mention a couple of big events coming up for Apple and Amazon. Shares of auto giant Ford (NYSE: F) joined Apple in

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Tesla Versus the Rest: Two Tech Events Help Investors Decide

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The Tesla emblem is seen on a vehicle in Miami, Florida.


Joe Raedle/Getty Images

Two analysts looked at automotive electrification technology recently, each coming away with separate findings that are favorable for

Tesla,

yet they are deeply divided on the stock.

New Street Research’s Pierre Ferragu believes Tesla stock is a good bet at the current price. Bernstein’s Toni Sacconaghi thinks shares are seriously overvalued and could fall almost 60%.

Sacconaghi recently hosted a webinar with Sandy Munro, describing him as an “automotive guru…well known for his extensive tear downs of Tesla and other automobiles and EVs.” Ferragu, for his part, tuned into a Mercedes-Benz automotive technology event to get a sense of what traditional auto makers have in store to compete with Tesla (ticker: TSLA).

What he and this team saw “got us worried,” but not about Tesla, he said. Instead, they are concerned about the

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Rackspace Technology helps Relay42 deliver up to 500,000 customer data events per second

LONDON, Oct. 08, 2020 (GLOBE NEWSWIRE) — Rackspace Technology ™ (NASDAQ: RXT), the multicloud solutions provider, has today announced that its management of Relay42’s Amazon Web Services (AWS) IT infrastructure is supporting the AI-driven data business to deliver up to 500,000 personalised customer data events per second.

Dutch-headquartered Relay42 turns data into meaningful relationships customers including Air France-KLM, Heineken, Mazda and FedEx. Speed, latency and security are fundamental components in data marketing, all of which AWS provides in its underlying infrastructure, helping Relay42 meet its business objectives of delivering personalised messages and experiences to end users in a matter of seconds.

Rackspace Technology also optimised Relay42’s cloud spend via CloudHealth, which identified cost savings of $8,000 per month in the initial months of the pandemic with zero impact on performance.

The global footprint of Rackspace Technology is enabling Relay42’s global expansion plans as it aims to double the size of

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Current events show how America needs journalist | Daily Editorial

In a year of fighting a global pandemic, historic protests for racial equality, and the rapidly approaching presidential election, America needs journalists to bring them critical reporting. The events of this year have Americans looking to local journalists to inform them about the news and events in their communities.

People trust and appreciate their local news publishers. But publishers have also been affected by the pandemic. And at a time when the public wants and needs quality news and information more than ever, the major tech platforms still refuse to compensate most news publishers, even while they pay creators for the ability to distribute music and lots of other kinds of content.

Combined, these challenges have left numerous publishers across the country in danger of shuttering before the end of this election cycle, with even more disappearing before the next crisis.

As we celebrate National Newspaper Week this year, we

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Ice discharge in the North Pacific set off series of climate events during last ice age — ScienceDaily

Repeated catastrophic ice discharges from western North America into the North Pacific contributed to, and perhaps triggered, hemispheric-scale changes in the Earth’s climate during the last ice age, new research published online today in Science reveals.

The discovery provides new insight into the impact rapidly melting ice flowing into the North Pacific may have on the climate across the planet, said Maureen Walczak, a paleoclimatologist in Oregon State University’s College of Earth, Ocean, and Atmospheric Sciences and the study’s lead author.

“Understanding how the ocean has interacted with glacial ice in the past helps us predict what could happen next,” Walczak said.

The Cordilleran ice sheet once covered large portions of western North America from Alaska to Washington state and western Montana. Radiocarbon dating and analyses of the marine sediment record revealed that recurrent episodes of discharge from this ice sheet over the past 42,000 years were early events in

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TCF Center teams with Premier Event Technology to offer virtual, hybrid events

While it waits for the return of large events and conventions in its halls, TCF Center has found a new way to make them a reality.

It’s teamed up with Rochester Hills-based Premier Event Technology LLC to coordinate virtual events that pair its expertise with TCF’s in-house television studio and bandwidth capabilities 10 gigabytes of bandwidth.

It began marketing the virtual and hybrid events last month.

For TCF, those events are likely to be a loss leader, General Manager Claude Molinari said.

It will get some revenue from leasing space to any organizations opting to host a virtual event and 15 percent of the online events revenue under a revenue-sharing agreement with Premier, he said.

But the virtual offerings are really about “maintaining the relationship with our customers, staying relevant and frankly, helping customers to stay in business,” he said.

“If they go out of business before this pandemic ends,

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Live Hub Events is a Top-Rated Event Production and Technology Company in Orlando, FL That Provides Services Nationwide

Live Hub Events is a Top-Rated Event Production and Technology Company in Orlando, FL That Provides Services Nationwide

Orlando, FL – Created with the primary goal of making live and virtual events as easy as possible, Live Hub Events has become the first choice for private and corporate needs in Orlando and the surrounding areas. This prestigious event production and technology company is an agency that helps clients to professionally manage their events. Whether their clients are looking for live streaming services or high-quality audiovisual production, this specialized team from Live Hub Events combines many years of broadcast, videography, audiovisual, and photography experience, featuring the latest in audiovisual technology. 

Although having the presence of loved ones on a day as special as the wedding is everyone’s ideal situation, for different reasons it is not always possible for everyone to be physically present, especially in these uncertain times when economic and health problems have affected many families. Live Hub Events offers the ideal service to connect the couple with

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