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FAANG Report: Apple stock may stage a breakout; Google workers to protest sexual harassment payouts

James Patterson's newest novel "The Chef" is being released on Facebook's Messenger service
Apple's new iPad Pro.
Apple stock may stage a breakout.

The charts in the shares of Apple Inc (NASDAQ:AAPL) appear to show that the iPhone maker may break out when it reports earnings on November 1, defying the recent weakness of other tech stocks, a report by CNBC said.

Carter Worth, head of technical analysis at Cornerstone Macro, said Apple's ability to stay within its upward trend channel in the past two years suggest Apple is "going to move toward the top end of the range."

He added: "The bet is we break out of this apex and we make it back to the former high. That would be about a 5% move."

Apple has largely defied the sellout in technology stocks, falling by just 4% since the start of the month, compared with its fellow denizens in the FAANG stocks which are down anywhere from 12% to 21% this month.

Apple shares inched up 0.19% to $212.65 late in Tuesday's session.

Charts point to breakout for Apple on earnings from CNBC.

READ: Apple rolls out new iPad Pro, MacBook Air and Mac mini in Brooklyn, New York city event

More than 200 workers at Alphabet Inc's Google (NASDAQ:GOOG) are said to be planning a walkout on Thursday to protest recent reports that the company paid sexual harassers when they left the company, a report by Fortune said.

CEO Sundar Pichai and HR chief Eileen Naughton told employees in an email afterward that 48 people, including 13 senior managers, have been fired in the past two years for sexual harassment. None of them, they said, had received an “exit package” payment.

But the New York Times released a report last week saying Andy Rubin, who joined google in 2005 with the acquisition of Android, was given a $90 million payout after a worker accused him of forcing her into performing oral sex on him in 2013.

Google shares shed 0.38% to $1,016.21. Inc (NASDAQ:AMZN) announced the company has donated more than $100 million to charitable organizations through the AmazonSmile program, a report by the Associated Press said.

“Hundreds of thousands of charities have been able to expand their meaningful work thanks to the donations they’ve received through AmazonSmile, and we want to say thank you to customers who are supporting important causes every time they shop,” said Jeff Wilke, Amazon CEO Worldwide Consumer.

“We appreciate all the positive feedback from customers who say they love having a simple way to help support their favorite charity.”

Customers can select from more than one million charities, from local and national humanitarian organizations to schools, hospitals, cultural organizations, pet shelters, and many more.

Amazon stock fell 2.36% to $1,502.64.

READ: Facebook earnings preview: expect a year-over-year decline, according to Wall Street

Author James Patterson will be debuting his novel 'The Chef' on Facebook Inc's (NASDAQ:FB) Messenger, as he tries a new digital medium after becoming the first writer to sell a million ebooks, a report by The Verge said.

The novel will be formally published as a hardcover novel next February, and it follows New Orleans celebrity food truck chef and police detective Caleb Rooney after he’s accused of committing a murder while in the line of duty.

While trying to prove his innocence, he discovers that his city is under the threat of a terrorist attack, and he has to clear his name and save New Orleans before Mardi Gras, the report said.

Facebook has partnered with the author to adapt the novel for its Messenger platform. Beginning on October 30, users can search for “The Chef” in the app, which will bring up the story.

From there, they can begin reading, while also interacting with the characters and locations with videos and sound clips that tie into the story.

Facebook stock rose 0.5% to $142.83.

Netflix Inc (NASDAQ:NFLX) is adding a host of new holiday movies to its November lineup and Christmas will be coming early on the streaming network, a report by Variety said.

Kicking off the month is “Angela’s Christmas” - an animated feature about a young Irish girl - followed by another heartwarming holiday tale, “The Holiday Calendar,” about a young photographer who discovers a magical advent calendar that can predict the future.

Later on, Netflix is releasing the much anticipated follow-up to “A Christmas Prince,” revisiting the characters of Prince Richard (Ben Lamb) and Amber (Rose McIver), as she begins to question her upcoming wedding and the ascension to royalty that comes with it.

Viewers who aren’t in the mood for Christmas cheer will also be able to watch the final season of “House of Cards” on November 2 - this time sans Kevin Spacey and with Claire Underwood serving as president, the report said.

A number of popular films are also coming to the streaming platform, including “Sixteen Candles,” “Bram Stoker’s Dracula,” “Pirates of the Caribbean: At World’s End,” and “Doctor Strange.”

Netflix shares declined 2.69% to $277.17.

Reporting by Rene Pastor

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