Election Cycle Powers Nexstar to Beat and Raise

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Powered by the intense election fight, political ad sales drove Nexstar Media Group (NXST) to better than expected 3Q18 earnings.  Management raised guidance for the year based on the political ad spending.  Importantly, management also noted that after accounting for the displacement of core non-political advertising, traditional ad spending has modestly strengthened and is approaching […]

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Apple Hits a Sour Spot, Long-Term Intact

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Apple (AAPL) reported decent September quarter results with revenues and EPS slightly ahead of estimates.  iPhone shipments came in about 1% under street estimates but were offset by better than expected average selling prices.  Services, which had been surprising to the upside and driving an improved growth narrative for AAPL, saw revenue come in about […]

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