Apple led a busy week of earnings by crushing estimates as users clambered for new iPhones. Most other companies also had strong results — especially chip makers and industrials.
Target (TGT) surpassed estimates across the board: profit, revenue and same-store sales. Digital also grew 155 percent. Gross margin beat estimates by a full percentage point after effective merchandising reduced markdowns.
As governments and the private sector shift focus on the medicinal benefits of cannabis-derived drugs, many cannabis companies expect more favourable legal changes, which may ultimately provide a further boost to the industry.