Diamonds and Dogs
AbbVie (ABBV) higher thanks to earnings. The stock is up 4% thanks to strong earnings due to their immunology and aesthetics franchises. Revenue rose 11% to $14.34 billion. ABBV also raised guidance and hiked their dividend raising their dividend yield to 4.9%. AbbVie is known for their drugs like Humira, Skyrizi, Rinvoq and Botox.
Apple (AAPL) can miss estimates? Apple is down 3% dragging down the major averages as the tech giant's quarterly revenue fell short of expectations amid larger-than-expected supply constraints on iPhones, iPads and Macs. It was the first time Apple's revenues have missed Wall Street estimates since May 2017. Amazing run.
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