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Day: November 6, 2020

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Equity News

Altus Midstream Co (ALTM) Stock Triples After Raising Future Outlook

Altus stock tripled overnight as the company plans to recommend a quarterly dividend of $1.50 per share beginning in March 2021. Shares of the Permian-to-Gulf Coast midstream oil & gas pipeline company, Altus Midstream Company (ALTM) skyrocketed on positive third quarter results and upgraded future outlook, including a dividend policy to recommend Board of Directors (BoDs) to initiate quarterly dividend payout in March 2021. Altus shares price tripled during yesterday’s trading session to $30.54 compared to the previous close of $10.03. The stock soared higher in the premarket on Thursday above 80% as it kicked off the session at $18.27.

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Qualcomm (QCOM) Posted Stronger Results, Came On The Heels Of Rising 5G Demands

Qualcomm Incorporated’s (QCOM) stock continued surge for second consecutive day on Thursday as investors welcomed a 76 percent increase in quarterly profit and 35 percent earnings announced after ring of the bell on Wednesday. The company also gave the current quarter a much better outlook than Wall Street forecasts. The company’s shares, which have risen by 46% since the beginning of the year, rose significantly by 16.44% on Thursday, as the company reported substantially better-than-expected fourth quarter results as well as above Wall Street estimates forecast for first quarter of fiscal 2021. The business posted an 86 percent rise in

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Qualcomm, Alibaba, Aphira, Expedia Surged After Quarterly Results

The quarter ended with the rebound in travel spending, with Expedia was up +4.8 percent on Thursday beating consensus. Revenue fall 58% year-on-year to $1.5 billion, but the Seattle-based online tour operator is doing better than consensus, which stood at $1.39 billion. Gross bookings rose 68 percent to 8.6 billion dollars. The group, which withdrew its annual guidance in March as a result of the pandemic, announced an adjusted EBITDA of $304 million in the quarter, down 67%, with an adjusted per share loss of 22 cents. The consensus was a loss per share of 84 cents. Aphria (+10.8 percent)