Booking Holdings to Make Third Quarter 2020 Earnings Press Release Available on Company’s Investor Relations Website on Thursday, November 5

NORWALK, Conn., Oct. 26, 2020 /PRNewswire/ — Third quarter financial results for Booking Holdings (NASDAQ: BKNG) will be made available at approximately 4:00 p.m. ET on Thursday, November 5 through a press release posted to the company’s Investor Relations website: https://ir.bookingholdings.com.

Booking Holdings intends to hold a conference call on Thursday, November 5 at 4:30 p.m. ET to discuss its third quarter financial results. The event will be webcasted at https://ir.bookingholdings.com. Audio replays will be available on the website for seven days thereafter.

About Booking Holdings
Booking Holdings (NASDAQ: BKNG) is the world leader in online travel and related services, provided to customers and partners in over 220 countries and territories through six primary consumer-facing brands – Booking.comKAYAKpriceline.comagoda.comRentalcars.com and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more

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SAP Sends Warning for Software Earnings With Dire Forecast

(Bloomberg) — Dire earnings results at SAP SE wiped out more than 35 billion euros ($41 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry.

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In a surprise release late Sunday, SAP, one of Europe’s largest tech companies, cut its revenue forecast for the full year and said it expected the fresh wave of Covid-19 lockdowns to hurt demand through the first half of 2021. The results caused shares to fall the most ever in a single day, according to data compiled by Bloomberg since 1989.

SAP’s collapse caused the wider tech market to drop, with Europe’s Stoxx Technology index falling 7.6%, its biggest one-day loss since March. Shares of cloud-applications giant Salesforce.com Inc. fell 4.1% at 2:28 p.m. in New York. Oracle Corp. — SAP’s main rival — dropped

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Apple Earnings This Week: What Wall Street Is Saying

Apple  (AAPL) – Get Report is scheduled to report earnings on Thursday and analysts expect the Cupertino, Calif., tech giant to report earnings of 71 cents a share on revenue of $64.16 billion. 

Apple shares were at last check were 0.7% higher at $115.88. 

Here is what Wall Street is saying about Apple ahead of its earnings release. 

Deutsche Bank (Reiterates Buy Rating, $140 PT)

We expect a solid Sept-quarter report from AAPL, but see investors overlooking any
recent strength/weakness and focusing on the December quarter given the recent iPhone
release and impact on guidance and the March quarter beyond, as this is the first time that
all new iPhone products are a month or more delayed. 

Long term we continue to believe that AAPL is the best
name to own in the IT hardware landscape, outweighing our worries regarding the
large year-to-date rise and subsequent valuation expansion.

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SAP Sends Warning for U.S. Tech Earnings With Dire Forecast

(Bloomberg) — Dire earnings results at SAP SE cut 28 billion euros ($33.1 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of sector.

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In a surprise release late Sunday, SAP, one of Europe’s largest tech companies, cut its revenue forecast for the full year and said it expected the fresh wave of Covid-19 lockdowns to hurt demand through the first half of 2021. The results caused shares to fall the most since 1999.

SAP’s collapse caused the wider tech market to drop, with Europe’s Stoxx Technology index falling as much as 6.3%, its biggest one-day loss since March. Shares at Salesforce.com Inc.– SAP’s main rival — fell 3.1% in New York. Oracle Corp. dropped as much as 5.4%, the most in four months.

“SAP is a bellwether stock for European technology and global software,”

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Apple Earnings Preview: When Jim Cramer Would Buy Stock

Apple  (AAPL) – Get Report will be reporting earnings later this week. 

So, what should investors expect from Apple and when is it time to buy Apple?

First, let’s take a look at what analysts are expecting from the earnings. 

“With regard to implications on the 5G cycle from the upcoming print, the focus will be on guidance, which we forecast to track above expectations despite understandable cautiousness driven by the limited visibility into sales velocity for the yet to launch iPhone 12 Pro Max and 12 mini. We remain positive on shares of Apple led by the combination of: 1) strong demand for both legacy and new 5G iPhones; 2) leverage of strong revenue opportunity through industry-leading innovation in Wearables; and 3) strong and resilient Services portfolio, benefitting from large and growing installed base of users; reiterate Overweight rating and Dec-21 price target of $150,” wrote JPMorgan

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Previewing Apple’s Week: It’s Earnings Time

Apple stock has lost momentum lately, dipping back to late September levels.

But what has happened in the past couple of weeks will be forgotten as soon as the company’s earnings release crosses the wire, this coming Thursday.

What to keep an eye on

There will be only one main topic of conversation for Apple this coming week: earnings.

The Cupertino company is set to report fiscal fourth quarter results on Thursday, October 29. Last time I checked, analysts were projecting sales to decline minimally over 2019 levels. Worth noting, experts seem to be all over the place, as the estimate range looks wide.

On EPS, the Street projects a decline of 8%. This would be quite a disappointment compared to last quarter’s 18% increase in earnings. I will look at projections again later this week, and see how consensus estimate might have changed days ahead of earnings.

Want to

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Big Week For Big Tech As Earnings, Hearings Loom

Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience despite the pandemic, and fresh attacks from lawmakers ahead of the November 3 election.

With backlash against Silicon Valley intensifying, the companies will seek to reassure investors while at the same time fend off regulators and activists who claim these firms have become too dominant and powerful.

Earnings reports are due this week from Amazon, Apple, Facebook, Microsoft, Twitter and Google-parent Alphabet, whose combined value has grown to more than $7 trillion dollars.

They have also woven themselves into the very fabric of modern life, from how people share views and get news to shopping, working, and playing.

Robust quarterly earnings results expected from Big Tech will “highlight the outsized strength these tech behemoths are seeing” but “ultimately add fuel to the fire in the Beltway around breakup momentum,” Wedbush analyst Dan Ives said

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AMD Reports Earnings on Tuesday: 6 Key Things to Watch

As Intel  (INTC) – Get Report tumbles post-earnings for the second quarter in a row, AMD  (AMD) – Get Report is trading higher again, leaving shares up 78% on the year and 160% over the last 12 months.

It’s safe to say that markets are counting on the CPU and GPU developer to once more top estimates and issue strong guidance when it reports on Tuesday. Currently, the consensus among analysts polled by FactSet is for AMD to post Q3 revenue of $2.56 billion (up 42% annually) and non-GAAP EPS of $0.35.

AMD’s Q4 revenue consensus stands at $2.62 billion (implies 23% annual) growth, and its full-year revenue consensus stands at $8.9 billion (up 32%). In July, the company guided for 32% 2020 revenue growth, up from a prior outlook for 20% to 30% growth.

I’ll be live-blogging AMD’s earnings report, which typically arrives 15 minutes

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6 Internet Stocks Set to Beat Estimates in Q3 Earnings Season

Internet stocks’ third-quarter 2020 performance is expected to have significantly benefited from an uptick in the demand for Internet-based services and products as a result of the coronavirus-led growing work-from-home and learn-from-home trends.

Moreover, the practice of social distancing in a bid to contain the virus outbreak has bolstered growth of online shopping services globally, which, in turn, is expected to have remained a major tailwind.

Further, the growing proliferation of video conferencing tools, thanks to the increasing remote working trend, is anticipated to have remained a positive in the quarter under review.

Additionally, increased user engagement on social media platforms, owing to the coronavirus outbreak-led lockdowns and shelter-at-place guidelines, is likely to have aided growth of the Internet companies that offer such platforms.

This is evident from the better-than-expected performance delivered recently by Snap SNAP. The company’s third-quarter 2020 results were primarily driven by an improved user engagement, which

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Tesla Shares Gain on Q3 Earnings Beat, 2020 Delivery Target

Tesla Inc.  (TSLA) – Get Report shares bumped higher Thursday after the clean-energy carmaker stuck to its full-year delivery forecast, and hinted at even stronger numbers in 2021, following stronger-than-expected third quarter earnings after the close of trading yesterday.

Tesla said non-GAAP earnings for the three months ending in September were pegged at 76 cents per share, more than double last year’s tally and well ahead of the Street consensus forecast of 37 cents per share. Group revenues surged 38% to $8.771 billion, Tesla said, as delivery volumes for the quarter hit a record 139,300 units.

That pace, Tesla said, should increase even further over the final months of the year as the group held to its 2020 forecast of 500,000 deliveries, a figure that suggests the fourth quarter total would need to rise past 180,000.

Founder and CEO Elon Musk also told one analyst on the earnings

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