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12400.0
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2023-11-24 00:00:00 UTC
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Warren Buffett-Led Berkshire Hathaway Sells Its Entire UPS Stake. Should You?
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https://www.nasdaq.com/articles/warren-buffett-led-berkshire-hathaway-sells-its-entire-ups-stake.-should-you
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In Q3, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold $7 billion worth of public equity holdings, including its entire stake in United Parcel Service (NYSE: UPS).
Let's look at how meaningful the sale was to Berkshire, its exposure to the transportation industry, and whether you should follow Berkshire's lead and sell the dividend stock too.
Image source: Getty Images.
An inconsequential decision
UPS has always been one of the most peculiar Berkshire holdings because of the position sizing.
In Q2, Berkshire held just 59,400 shares of UPS. At the time of the filing, the position was worth $10.6 million, just 0.03% of Berkshire's public equity portfolio and the smallest holding of 48 securities. UPS has long been a Buffett stock on a technicality rather than a meaningful position.
Berkshire's exposure to the transportation industry
In his 2020 annual letter to Berkshire shareholders, Buffett called Berkshire's 100% ownership of BNSF Railway one of the company's "Big Four" assets, along with its then 91% ownership (now 92% ownership) of Berkshire Hathaway Energy, its then-5.4% ownership of Apple, and most importantly, its property/casualty insurance business.
BNSF Railway made Berkshire $5.9 billion in profit last year. Slapping a conservative 15 multiple on the business would make it worth $88.5 billion. A 22 multiple would make it worth around as much as UPS, which has a market cap of $127.4 billion.
Berkshire has a lot of exposure to the transportation industry through BNSF -- not the package delivery industry per se, but certainly the transportation of goods and the vulnerabilities that come with an industry so closely tied to the ebbs and flows of the economy.
This exposure may partially explain why UPS may never amount to a meaningful position in Berkshire's portfolio. On top of that, Berkshire probably thought that other companies were a better deal than UPS. After all, UPS had a higher price-to-earnings ratio than Apple when Buffett began buying it in 2016. And in 2021 and 2022, Berkshire went on an oil and gas buying spree, namely through Chevron and Occidental Petroleum.
All told, it makes sense why Buffett and his team decided to seek other opportunities.
UPS stock is a well-rounded buy
UPS has been hit hard by slowing package delivery volume, paired with labor negotiations that resulted in $500 million in up-front expenses, among other costs.
The company is used to going through economic cycles. And it's worth noting that UPS is coming out of its biggest boom in company history, a boom that saw all-time high operating margins paired with a blistering top- and bottom-line growth rate.
Zoom out, and UPS has been doing well, with the stock up over 50% in the last five years, trailing-12-month revenue up 29.5%, and normalized diluted earnings per share up 38.1%. And that's even after this year's slowdown in the business.
UPS Revenue (TTM) data by YCharts
UPS continues to make major investments in expanding routes, improving its logistics, and increasing the efficiency of its operations through technology. It also gets a larger share of revenue from healthcare and small and medium-sized businesses than ever before, which is making its business more diversified and resilient to a downturn.
The company's ability to invest even during a downturn, while also turning a healthy profit, shows that UPS doesn't go through the epic booms and crushing busts of other cyclical stocks, but rather can benefit from an economic expansion while also putting up decent results during a contraction.
In addition to investing through a downturn, UPS also has the free cash flow and balance sheet capable of supporting its sizable dividend. UPS paid $4.08 per share in dividends in 2021 before implementing a whopping 49% raise in 2022 and then raising the dividend by another $0.10 per share per quarter in 2023 -- putting the quarterly dividend at $1.62 per share. The sizable raises places UPS in an elite category of high-quality, high-yield dividend stocks, as the stock currently yields 4.4%.
UPS made the dividend raises, largely as a result of its incredible performance during the worst of the pandemic. Investors shouldn't expect huge raises in the years to come. But even if UPS just maintains its dividend for a while, it still sports a yield around three times the S&P 500. UPS's dividend yield is also coincidently the same as the 10-year Treasury rate of 4.4%.
A passive-income powerhouse
UPS is a good choice for investors who want the passive income available from a risk-free asset like the 10-year Treasury but who are also comfortable with the risks and potential reward that comes from investing in the stock market.
UPS may be in for some near-term challenges. But the business has laid a foundation that is built to last. And its dividend provides a sizable incentive to hold the stock through periods of volatility.
10 stocks we like better than Chevron
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*Stock Advisor returns as of November 20, 2023
Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool recommends Chevron, Occidental Petroleum, and United Parcel Service. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the time of the filing, the position was worth $10.6 million, just 0.03% of Berkshire's public equity portfolio and the smallest holding of 48 securities. In addition to investing through a downturn, UPS also has the free cash flow and balance sheet capable of supporting its sizable dividend. A passive-income powerhouse UPS is a good choice for investors who want the passive income available from a risk-free asset like the 10-year Treasury but who are also comfortable with the risks and potential reward that comes from investing in the stock market.
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In Q3, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold $7 billion worth of public equity holdings, including its entire stake in United Parcel Service (NYSE: UPS). BNSF Railway made Berkshire $5.9 billion in profit last year. The Motley Fool recommends Chevron, Occidental Petroleum, and United Parcel Service.
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Berkshire's exposure to the transportation industry In his 2020 annual letter to Berkshire shareholders, Buffett called Berkshire's 100% ownership of BNSF Railway one of the company's "Big Four" assets, along with its then 91% ownership (now 92% ownership) of Berkshire Hathaway Energy, its then-5.4% ownership of Apple, and most importantly, its property/casualty insurance business. UPS paid $4.08 per share in dividends in 2021 before implementing a whopping 49% raise in 2022 and then raising the dividend by another $0.10 per share per quarter in 2023 -- putting the quarterly dividend at $1.62 per share. The sizable raises places UPS in an elite category of high-quality, high-yield dividend stocks, as the stock currently yields 4.4%.
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The sizable raises places UPS in an elite category of high-quality, high-yield dividend stocks, as the stock currently yields 4.4%. That's right -- they think these 10 stocks are even better buys. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway.
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12401.0
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2023-11-24 00:00:00 UTC
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Warren Buffett Watch: 56% of Berkshire Hathaway's $318 Billion Portfolio Is Invested in Just 2 Stocks
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https://www.nasdaq.com/articles/warren-buffett-watch%3A-56-of-berkshire-hathaways-%24318-billion-portfolio-is-invested-in-just
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The S&P 500 returned 27.5% during the three-year period ended Sept. 30, but Berkshire Hathaway beat the market with a return of 32.4% in its equity securities portfolio. CEO Warren Buffett deserves much of the credit for that outperformance, and his knack for picking winning stocks makes him an excellent source of inspiration.
With that in mind, Berkshire had $157 billion invested in Apple (NASDAQ: AAPL) and $22 billion invested in The Coca-Cola Company (NYSE: KO) as of Sept. 30. This means the company had 56% of its $318 billion portfolio invested in just two stocks.
Here's what investors should know about Apple and Coca-Cola.
Apple: A consumer electronics leader comprising 49% of Berkshire's portfolio
Warren Buffett says the most important quality a company can possess is a durable economic moat, which generally amounts to cost advantages or pricing power. Apple fits that mold perfectly.
Its economic moat arises from brand authority, patented technology, and switching costs. Specifically, the company pairs trendy hardware and proprietary iOS software to create a unique user experience that supports premium pricing and drives consumer loyalty.
Indeed, Apple has earned a strong presence in several consumer electronics markets, including smartphones, personal computers, tablets, and smartwatches. That strong positioning should support mid-single-digit revenue growth across its lineup of devices for years to come as the broader consumer electronics market is forecast to expand at 6.6% annually through 2030.
Additionally, Apple aims to monetize its installed base (which exceeds 2 billion active devices) with adjacent services like App Store downloads, iCloud storage, Apple Pay, and subscription products like Apple Music. That strategy not only broadens its addressable market, but also supports greater profitability because services earn higher margins than devices.
Apple reported mixed financial results in the fiscal fourth quarter (ended Sept. 30). Total revenue fell about 1% to $89.5 billion due to substantial weakness in the Mac and iPad product lines. But GAAP earnings increased 13% to $1.46 per diluted share due to strength in the services business and stock buybacks.
Going forward, Wall Street expects Apple to grow earnings per share at 10% annually over the long term. That forecast makes its current valuation of 31.3x earnings look relatively expensive, especially when the three-year average is 28.4x earnings.
I doubt Apple can deliver market-beating returns from its current valuation, so I have no intention of adding this stock to my portfolio. But Buffett clearly has high conviction in the company.
Coca-Cola: A Dividend King comprising 7% of Berkshire's portfolio
Like Apple, Coca-Cola has a durable economic moat built on scale and brand strength. The company makes its products available in more than 200 countries via an unmatched network of bottling and distribution partners and has cultivated brand authority (and pricing power) through brilliant marketing in many of those geographies. Indeed, Coca-Cola was recently recognized as the most valuable nonalcoholic beverages brand for the sixth year running.
The combination of prodigious scale and brand authority has positioned Coca-Cola as the market leader in carbonated soft drinks in virtually every geographic region on the planet, and the company is still gaining ground. For instance, its share of U.S. carbonated soft-drink sales reached a multidecade high of 46.3% in 2022, nearly eclipsing PepsiCo's market share twice over.
Coca-Cola reported solid financial results in the third quarter. Revenue rose 8% to $12 billion due to price increases and modest growth in product volume, and GAAP earnings increased 9% to $0.71 per share. But management sees plenty of room to run with a $1.3 trillion addressable market, and the company has compelling opportunities in emerging markets, like Latin America and Asia-Pacific, and in noncarbonated beverage categories, like coffee and sports drinks.
Looking forward, Wall Street expects long-term annual earnings growth of 6% on a per-share basis. In that context, the stock looks relatively expensive at 23.1x earnings. Coca-Cola has underperformed the S&P 500 consistently over the last decade, and I doubt shareholders will see market-beating returns from the current valuation.
However, Coca-Cola currently pays a quarterly dividend of $0.46 per share, which equates to an above average dividend yield of 3.2%. Better yet, the payout has increased for 61 consecutive years, so Coca-Cola has earned a spot among the Dividend Kings. Income investors willing to tolerate underperformance in exchange for reliable dividend payments should feel comfortable buying this stock today.
10 stocks we like better than Apple
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2023
Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With that in mind, Berkshire had $157 billion invested in Apple (NASDAQ: AAPL) and $22 billion invested in The Coca-Cola Company (NYSE: KO) as of Sept. 30. Apple: A consumer electronics leader comprising 49% of Berkshire's portfolio Warren Buffett says the most important quality a company can possess is a durable economic moat, which generally amounts to cost advantages or pricing power. Specifically, the company pairs trendy hardware and proprietary iOS software to create a unique user experience that supports premium pricing and drives consumer loyalty.
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With that in mind, Berkshire had $157 billion invested in Apple (NASDAQ: AAPL) and $22 billion invested in The Coca-Cola Company (NYSE: KO) as of Sept. 30. Apple: A consumer electronics leader comprising 49% of Berkshire's portfolio Warren Buffett says the most important quality a company can possess is a durable economic moat, which generally amounts to cost advantages or pricing power. Coca-Cola: A Dividend King comprising 7% of Berkshire's portfolio Like Apple, Coca-Cola has a durable economic moat built on scale and brand strength.
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With that in mind, Berkshire had $157 billion invested in Apple (NASDAQ: AAPL) and $22 billion invested in The Coca-Cola Company (NYSE: KO) as of Sept. 30. Additionally, Apple aims to monetize its installed base (which exceeds 2 billion active devices) with adjacent services like App Store downloads, iCloud storage, Apple Pay, and subscription products like Apple Music. Coca-Cola: A Dividend King comprising 7% of Berkshire's portfolio Like Apple, Coca-Cola has a durable economic moat built on scale and brand strength.
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With that in mind, Berkshire had $157 billion invested in Apple (NASDAQ: AAPL) and $22 billion invested in The Coca-Cola Company (NYSE: KO) as of Sept. 30. Apple: A consumer electronics leader comprising 49% of Berkshire's portfolio Warren Buffett says the most important quality a company can possess is a durable economic moat, which generally amounts to cost advantages or pricing power. However, Coca-Cola currently pays a quarterly dividend of $0.46 per share, which equates to an above average dividend yield of 3.2%.
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12402.0
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2023-11-24 00:00:00 UTC
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Foxconn founder Terry Gou withdraws from race to be Taiwan president
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https://www.nasdaq.com/articles/foxconn-founder-terry-gou-withdraws-from-race-to-be-taiwan-president
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TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of major Apple AAPL.O supplier Foxconn 2317.TW, announced on Friday that he had decided to withdraw from the race to be Taiwan's next president.
(Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman)
((ben.blanchard@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of major Apple AAPL.O supplier Foxconn 2317.TW, announced on Friday that he had decided to withdraw from the race to be Taiwan's next president. (Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman) ((ben.blanchard@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of major Apple AAPL.O supplier Foxconn 2317.TW, announced on Friday that he had decided to withdraw from the race to be Taiwan's next president. (Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman) ((ben.blanchard@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of major Apple AAPL.O supplier Foxconn 2317.TW, announced on Friday that he had decided to withdraw from the race to be Taiwan's next president. (Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman) ((ben.blanchard@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of major Apple AAPL.O supplier Foxconn 2317.TW, announced on Friday that he had decided to withdraw from the race to be Taiwan's next president. (Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman) ((ben.blanchard@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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12403.0
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2023-11-24 00:00:00 UTC
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ANALYSIS-Britain's Black Friday shoppers go second-hand in hunt for value
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https://www.nasdaq.com/articles/analysis-britains-black-friday-shoppers-go-second-hand-in-hunt-for-value-0
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By Richa Naidu and Helen Reid
LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably.
As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes.
Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. Luxury speaker company Sonos and exercise bike maker Peloton PTON.O are both selling refurbished goods on eBay UK this year, despite the risk it could cannibalise sales of their new products.
Nine out of eBay UK's top 10 deals last Black Friday were refurbished items. This year, discounts will be deeper on refurbished products, including Sonos SONO.O speakers and Peloton bikes, Eve Williams, general manager of eBay's business in the UK, said in an interview.
"People don't have the savings they had after COVID so they have to be savvier than ever," she said.
Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones.
While a new Dyson V11 Animal Cordless Vacuum retails at around 499 pounds ($622), refurbished ones will be on the platform this Friday for 218.99 pounds, eBay said.
The global refurbished electronics market is worth about $48 billion and is expected to grow about 10% each year until 2030, according to data from Coherent Market Insights. In comparison, the global electronics market, worth $723 billion, is forecast to grow nearly 6% each year until 2032, according to data from Precedence Research.
Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month.
Retailers as diverse as Sweden's fashion seller H&M HMb.ST and upmarket UK department store Selfridges are responding to the change in consumer behaviour.
Selfridges is aiming for almost half its customer interactions to be based on resale, repair, rental or refills by 2030, it said last year. H&M last month opened a second-hand clothing section in its flagship Regent Street store in London.
GROWING TREND
Traditional thrift stores are also benefiting as second-hand shopping loses its stigma and British aid organization Oxfam is offering 40% Black Friday discounts to woo consumers.
One third of British shoppers are planning to gift pre-owned items this year, according to a survey of 3,000 people commissioned by the charity, compared with one in four two years ago.
"We've seen a trend of people looking to buy secondhand gifts for many reasons: one is to save money, the other is because they're looking to make more sustainable choices," Oxfam's director of retail, Lorna Fallon, said.
Lucy Baker, a 19-year-old student, says she regularly buys second-hand Christmas gifts for her family, including clothes, books, homewares and board games.
"I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London.
"It's definitely becoming more of a trend," she added.
Part of the draw is price, she said, as her student budget makes it hard to buy new items from high street stores. Sustainability is another factor.
"I like the idea of rewearing and reusing as much as possible," Baker said.
In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Meanwhile, the market size of Britain's apparel industry has declined 3.9% per year on average between 2017 and 2022, according to data firm IBISWorld.
Oxfam is targeting a 6% increase in holiday season sales this year compared with the year before, it told Reuters.
Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.
"We're already seeing it on weekends," said Wright, 63, who has been volunteering for Oxfam since the mid 1980s.
"People with families have to feed and clothe children, with the stressful, extra burden of Christmas gifts."
(Reporting by Richa Naidu and Helen Reid; Editing by Matt Scuffham and Elaine Hardcastle)
((richa.naidu@tr.com; Follow me on X https://twitter.com/Richa_Writes; +44 755 755 9587;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes. This year, discounts will be deeper on refurbished products, including Sonos SONO.O speakers and Peloton bikes, Eve Williams, general manager of eBay's business in the UK, said in an interview.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. One third of British shoppers are planning to gift pre-owned items this year, according to a survey of 3,000 people commissioned by the charity, compared with one in four two years ago.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. Nine out of eBay UK's top 10 deals last Black Friday were refurbished items.
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12404.0
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2023-11-24 00:00:00 UTC
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EXPLAINER-What deals can shoppers find this Black Friday?
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https://www.nasdaq.com/articles/explainer-what-deals-can-shoppers-find-this-black-friday
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By Juveria Tabassum, Savyata Mishra
Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, Black Friday normally marks the unofficial start of the Christmas shopping season.
Retailers in the U.S., Europe and elsewhere will be trying to cash in on the hoopla. Here is what to expect from Black Friday 2023.
WHY IS IT CALLED 'BLACK' FRIDAY?
Starting around the 1960s and early 1970s, police and bus drivers in Philadelphia used the term "Black Friday" to refer to the chaos an influx of people to the city created before the Thanksgiving weekend. Visitors would trawl the stores in Philadelphia on Friday with their Christmas lists looking for gifts. Shoplifting and parking violations ensued.
Department stores re-branded the term to "Big Friday" to put a more positive spin on it. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
"What we know is Black Friday, because it's so ceremonial, we get more people participating in it," Collins said.
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR?
Several major retailers from Dollar General DG.N to Walmart WMT.N and Macy's M.N could be saddled with too much stock for a second straight year, according to a Reuters analysis. They likely will need to offer discounts in order to drive shoppers to their stores and websites.
Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year.
Online discounts were expected to be as steep as 35% on toys, 24% on sporting goods and 19% on furniture, according to data from Adobe Analytics.
WHAT ITEMS ARE HOT FOR BLACK FRIDAY THIS YEAR?
IPhones will be hot again, with the recent launch of the iPhone 15. Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China.
Electronics are expected to be the top pick this shopping season, with estimates of a 6% growth, according to a report by Mastercard.
Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2", though the retailer on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand.
Skin and hair care products remain popular, with Ulta Beauty offering up to 40% discount on CoverGirl and Lancome mascaras, Bobbi Brown concealers and select products of its own label.
ARE BLACK FRIDAY CROWDS LIKELY THIS YEAR?
Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF). Thanksgiving weekend, which encompasses Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the United States.
But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas falling on a Monday, the "procrastination factor (is) even greater because shoppers can wait until Saturday or Sunday" before Christmas to get gifts, she said this week.
Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
Wet weather, which deterred in-store traffic in some parts of the U.S. last year on Black Friday morning, is largely not expected this year, according AccuWeather.
Although most U.S. stores will be closed on Thanksgiving again this year, opening for shoppers at 5 a.m. or 6 a.m. on Friday, some retailers are advertising discounts online that kick in starting at 12:01 a.m. on Thanksgiving.
Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99.
Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores. In the past decade, Americans' Black Friday purchases online have more than tripled, reaching $9.12 billion on the day last year, according to Adobe.
WHAT ARE RETAILERS' PLANS THIS YEAR?
Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu were touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
Such early promotions could help them measure shopper demand and avoid product shortages, which could be a big problem this year. Water levels in a key shipping artery, the Panama Canal, have dropped due to a severe drought, cutting the number of ships carrying merchandise through it.
Many retailers in the U.S. intentionally muted their holiday hiring plans. Labor shortages are also a challenge for retailers in Europe, meaning shoppers could find fewer staff to help them.
ARE DISRUPTIONS EXPECTED DURING THANKSGIVING WEEKEND?
More than 400 Macy's workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website.
Amazon workers in more than a dozen U.S. warehouses are striking on Black Friday, in a fight for higher wages, improved environmental efforts and tax payments to Europe. Protests are slated in more than 30 countries, including Germany, India and Spain, where at least 30 facilities will see walk-outs.
The strike's organizer Make Amazon Pay expects "thousands of workers" to participate with the hopes of causing friction to the e-retail giant's supply chain, which sees peak demand during the holiday shopping season. "Tens of thousands" of workers participated in three previous Amazon Black Friday walk-outs.
HOW MUCH ARE SHOPPERS EXPECTED TO SPEND?
Retail sales during the holidays are expected to be up 3% to 4% year-over-year across all sales channels - online, click and collect and in-store purchases, according to David Bujnicki, senior vice president of investor relations and strategy at Kimco Realty Corp KIM.N, an owner of open-air shopping centers. As of Sept. 30, Kimco owned interests in 527 U.S. shopping centers and mixed-use assets.
"Black Friday, while still a very important retail shopping day, is no longer the make or break benchmark," he said. "Retailers and consumers are spreading out their holiday sales deals beginning in November."
Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe.
In the United Kingdom, online spending during Black Friday is expected to rise 4.5% to 1.05 billion pounds ($1.30 billion), with total sales over the Cyber Weekend reaching 3.8 billion pounds, according to an Adobe forecast.
WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS?
With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
Consumers were looking to make the most of promotional events and wrap up their shopping in just 5.8 weeks this year, when compared to a 7.4-week window pre-pandemic, according to data from Deloitte.
WHAT ARE RETAILERS SAYING ABOUT THIS YEAR'S BLACK FRIDAY?
Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday. "We're in the midst of that along with our competitors, customers are taking advantage of that."
Mattel President Steve Totzke told Reuters on Monday that he is expecting a strong Black Friday and run-up to the holidays even as the toymaker warned of slowing demand for the toy industry last month.
($1 = 0.8048 pounds)
(Reporting by Juveria Tabassum and Savyata Mishra in Bengaluru, Richa Naidu in London, additional reporting by Helen Reid in London and Herbert Lash; Editing by Josie Kao)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2", though the retailer on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand. The strike's organizer Make Amazon Pay expects "thousands of workers" to participate with the hopes of causing friction to the e-retail giant's supply chain, which sees peak demand during the holiday shopping season.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions. More than 400 Macy's workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Here is what to expect from Black Friday 2023. Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores.
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2023-11-24 00:00:00 UTC
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7 Stocks Set to Capitalize on the Coming Year-End Rally
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AAPL
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https://www.nasdaq.com/articles/7-stocks-set-to-capitalize-on-the-coming-year-end-rally
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The story of the stock market in 2023 has largely been about optimism around AI tinged by the continued threat of recession. Generative AI has propelled tech shares much higher. In fact, it’s very easy to argue that AI has prevented what could have been a very rapid collapse in 2023. AI has been a very positive factor overall this year.
As 2023 nears an end, there’s a reason to believe that a rally is in the works. Inflation continues to cool and that is setting the scene for potential rate cuts in the near future. A rally in late 2023 is entirely possible.
Taiwan Semiconductor (TSM)
Source: Sundry Photography / Shutterstock.com
Taiwan Semiconductor (NYSE:TSM) is among the most important Global firms that exist today. The foundry produces and manufactures semiconductors for many of the world’s chip makers.
First, investors should buy TSM stock because its shares are priced inexpensively at the moment. They’re much more to increase in value then they are to decrease in the short, mid, and long-term.
You’ll also get a dividend yielding 1.55%. overall, it’s a very reasonable and stable investment to make the benefits from the secular growth of artificial intelligence and other trends.
Secondly, there’s a reason to believe that Taiwan semiconductors output could increase in 2024. If that’s the case, it will be wise to stock up on its shares in anticipation of rising demand. So, that naturally raises the question of why one should believe that demand will rise next year.
In my mind, the major reason to believe that demand will rise is simply that rate cuts are on the horizon. firms across all Industries are going to continue to demand AI capable chips for their respective applications. borrowing will become cheaper and that will prompt the firms that provide those chips to increase order volumes from TSM.
Apple (AAPL)
Source: sylv1rob1 / Shutterstock.com
It isn’t very difficult to find bearish news about Apple (NASDAQ:AAPL) and its stock at the moment.
That negativity isn’t unwarranted. Apple’s revenues have been very disappointing in 2023 as the other tech giants have essentially all grown.
Consumers aren’t buying many more iPhones at the moment. During the most recent period IPhone sales grew by a modest 3%. Meanwhile, the firm’s other Revenue generating products are facing real declines with iMac sales falling by 34%.
So what is there to like about Apple as we near the end of 2023? I think there are a few things. First, Apple is set to introduce its augmented reality headset in early 2024.
It is not expected to contribute meaningfully to Apple’s financial success immediately. But given how well Apple has done with its product introductions it’s reasonable to also assume that the Vision Pro will also be a success.
Further, this year’s Christmas season is expected to be particularly strong. That expectation, combined with the notion that a soft Landing is likely, could spur strong sales.
Nvidia (NVDA)
Source: Evolf / Shutterstock.com
2023 has been a banner year for Nvidia (NASDAQ:NVDA). No other stock has benefited as heavily from generative AI as it has.
The company’s H100 semiconductors continue to be in very high demand for all AI applications.
With prices around $25,000 per chip and strong continued demand it would be reasonable to believe that reliance on the H1 chip alone is enough. Nvidia’s competitors simply aren’t capable of catching up to the H100’s performance.
Nvidia has already introduced its successor. The company recently announced the H200 chip which promises to increase the inference power of AI applications like ChatGPT. Nvidia’s leading chips, which have powered the rise of generative AI, just got stronger.
Companies across the board are going to be spending more in 2024 as rates decline. They are likely to scramble to secure their supply of Nvidia’s H200 chips in the same manner that occurred in 2023 for the H100 chips. Share prices are highly likely to rise.
DraftKings (DKNG)
Source: Lori Butcher / Shutterstock.com
DraftKings (NASDAQ:DKNG) Stock has performed phenomenally well throughout 2023 and should continue into 2024. AI has dominated stock market headlines but DraftKings has skyrocketed on the continued growth of legalized gambling.
The company continues to add new jurisdictions to its coverage Including Maine, Puerto Rico and North Carolina most recently. The reason to consider DraftKings is not that it continues to add new jurisdictions but rather based on its improving fundamentals.
DraftKings projects an adjusted EBITDA loss of $105 million for the current fiscal year. In 2024, things are expected to change. The company is projecting positive adjusted EBITDA between $350 million and $450 million in fiscal year 2024.
Growth has never been a problem for the company. Revenue guidance for The current fiscal year was recently increased to a range between $3.67 billion and $3.72 billion. That equates to a growth rate of 64% on a year over year basis.
Microsoft (MSFT)
Source: Peteri / Shutterstock.com
Recent history is proven that it’s a bad idea to bet against Microsoft (NASDAQ:MSFT). The company continues to make the right decisions under current CEO Satya Nadella. in 2023, the story has largely centered on Microsoft’s early investment in OpenAI. That gave the company a valuable first mover advantage in generative AI.
And Microsoft has since continued to apply AI heavily to all of its offerings. Its Microsoft Office suite is now available with CoPilot and it’s applying artificial intelligence in hundreds of ways across its cloud platform, Azure.
The company’s fundamentals continue to be very strong. Its AI investment has paid off handsomely. The reason to watch Microsoft moving forward is that the company intends to further vertically integrate AI. The company recently announced its entry into in-house AI chips. Those chips, Azure Maia 100 and Cobalt 100, should make it less reliant upon Nvidia. That will result in lower costs for Microsoft and serve as a pilot project to expand further in-house AI chip development.
Riot Platforms (RIOT)
Source: rafapress / Shutterstock.com
As the price of Bitcoin rises, so too should the price of Riot Platforms’ (NASDAQ:RIOT) shares. The company supplies the specialized computers that help enthusiasts mine Bitcoin. Thus, its stock continues to intrigue as Bitcoin’s prices remain in the mid $30,000 range.
The company doesn’t solely sell specialized mining computers. It also sells data hosting services and mines Bitcoin itself. The company mined 4,996 Bitcoin by the end of the third quarter. Riot platforms mined 1,106 Bitcoin during the most recent quarter. It costs the company $5,337 on average to mine each of those Bitcoin in 2023.
Bitcoin mining generated $31.2 million in revenues for the company during the most recent quarter. In total, revenues reached $51.9 million. The recent surge in Bitcoin prices has pulled the firm’s margins higher and brought average prices for Bitcoin during the quarter above $28,000.
Further, Riot Platforms has controlled its losses and has drastically reduced its losses.
Novo Nordisk (NVO)
Source: joreks / Shutterstock.com
Ozempic and Wegovy are sending Novo Nordisk (NYSE:NVO) higher and will continue to underpin the strength of the stock in late 2023 and beyond.
The GLP-1 drugs Have ignited Novo Nordisk’s shares sending them from $65 to $100 and 2023. sales continue to be strong and increased by 33% at a constant exchange rate for the Danish company.
The company is restricting the supply of starting doses of Wegovy which has limited results thus far. The company will have to ramp up production in the future. Weaknesses in manufacturing led to missed opportunities and customer supply failures for its drug.
It also faces other constraints, including the reticence of insurance firms to cover the cost of Ozempic and Wegovy. However, the drugs have proven so effective in reducing weight that it will be difficult For insurers to continue to deny their coverage.
Weight loss is significantly correlated to a reduction in associated comorbidities that also cost insurance companies substantial sums of money. Thus, it’s highly likely that Novo Nordisk will continue to be strong through the end of the year and into 2024 and beyond.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
More From InvestorPlace
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The post 7 Stocks Set to Capitalize on the Coming Year-End Rally appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com It isn’t very difficult to find bearish news about Apple (NASDAQ:AAPL) and its stock at the moment. The GLP-1 drugs Have ignited Novo Nordisk’s shares sending them from $65 to $100 and 2023. sales continue to be strong and increased by 33% at a constant exchange rate for the Danish company. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com It isn’t very difficult to find bearish news about Apple (NASDAQ:AAPL) and its stock at the moment. Taiwan Semiconductor (TSM) Source: Sundry Photography / Shutterstock.com Taiwan Semiconductor (NYSE:TSM) is among the most important Global firms that exist today. DraftKings projects an adjusted EBITDA loss of $105 million for the current fiscal year.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com It isn’t very difficult to find bearish news about Apple (NASDAQ:AAPL) and its stock at the moment. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The story of the stock market in 2023 has largely been about optimism around AI tinged by the continued threat of recession. The company’s H100 semiconductors continue to be in very high demand for all AI applications.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com It isn’t very difficult to find bearish news about Apple (NASDAQ:AAPL) and its stock at the moment. With prices around $25,000 per chip and strong continued demand it would be reasonable to believe that reliance on the H1 chip alone is enough. Bitcoin mining generated $31.2 million in revenues for the company during the most recent quarter.
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2023-11-23 00:00:00 UTC
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ANALYSIS-Britain's Black Friday shoppers go second-hand in hunt for value
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AAPL
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https://www.nasdaq.com/articles/analysis-britains-black-friday-shoppers-go-second-hand-in-hunt-for-value
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nan
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nan
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By Richa Naidu and Helen Reid
LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably.
As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes.
Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. Luxury speaker company Sonos and exercise bike maker Peloton PTON.O are both selling refurbished goods on eBay UK this year, despite the risk it could cannibalise sales of their new products.
Nine out of eBay UK's top 10 deals last Black Friday were refurbished items. This year, discounts will be deeper on refurbished products, including Sonos SONO.O speakers and Peloton bikes, Eve Williams, general manager of eBay's business in the UK, said in an interview.
"People don't have the savings they had after COVID so they have to be savvier than ever," she said.
Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones.
While a new Dyson V11 Animal Cordless Vacuum retails at around 499 pounds ($622), refurbished ones will be on the platform this Friday for 218.99 pounds, eBay said.
The global refurbished electronics market is worth about $48 billion and is expected to grow about 10% each year until 2030, according to data from Coherent Market Insights. In comparison, the global electronics market, worth $723 billion, is forecast to grow nearly 6% each year until 2032, according to data from Precedence Research.
Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month.
Retailers as diverse as Sweden's fashion seller H&M HMb.ST and upmarket UK department store Selfridges are responding to the change in consumer behaviour.
Selfridges is aiming for almost half its customer interactions to be based on resale, repair, rental or refills by 2030, it said last year. H&M last month opened a second-hand clothing section in its flagship Regent Street store in London.
GROWING TREND
Traditional thrift stores are also benefiting as second-hand shopping loses its stigma and British aid organization Oxfam is offering 40% Black Friday discounts to woo consumers.
One third of British shoppers are planning to gift pre-owned items this year, according to a survey of 3,000 people commissioned by the charity, compared with one in four two years ago.
"We've seen a trend of people looking to buy secondhand gifts for many reasons: one is to save money, the other is because they're looking to make more sustainable choices," Oxfam's director of retail, Lorna Fallon, said.
Lucy Baker, a 19-year-old student, says she regularly buys second-hand Christmas gifts for her family, including clothes, books, homewares and board games.
"I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London.
"It's definitely becoming more of a trend," she added.
Part of the draw is price, she said, as her student budget makes it hard to buy new items from high street stores. Sustainability is another factor.
"I like the idea of rewearing and reusing as much as possible," Baker said.
In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Meanwhile, the market size of Britain's apparel industry has declined 3.9% per year on average between 2017 and 2022, according to data firm IBISWorld.
Oxfam is targeting a 6% increase in holiday season sales this year compared with the year before, it told Reuters.
Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.
"We're already seeing it on weekends," said Wright, 63, who has been volunteering for Oxfam since the mid 1980s.
"People with families have to feed and clothe children, with the stressful, extra burden of Christmas gifts."
(Reporting by Richa Naidu and Helen Reid; Editing by Matt Scuffham and Elaine Hardcastle)
((richa.naidu@tr.com; Follow me on X https://twitter.com/Richa_Writes; +44 755 755 9587;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes. This year, discounts will be deeper on refurbished products, including Sonos SONO.O speakers and Peloton bikes, Eve Williams, general manager of eBay's business in the UK, said in an interview.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. As persistent inflation and high mortgage rates dent shoppers' ability to spend, second-hand sellers like e-commerce firm eBay Inc EBAY.O and British charity Oxfam say they are anticipating increased sales of used items from vacuum cleaners to clothes.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. One third of British shoppers are planning to gift pre-owned items this year, according to a survey of 3,000 people commissioned by the charity, compared with one in four two years ago.
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Acknowledging that their new products remain out of reach for many shoppers, more manufacturers are offering refurbished merchandise at a lower profit margin, following a trend set by Apple AAPL.O. By Richa Naidu and Helen Reid LONDON, Nov 23 (Reuters) - As Black Friday kicks off the holiday shopping season, retailers and manufacturers anticipate a growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. Nine out of eBay UK's top 10 deals last Black Friday were refurbished items.
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12407.0
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2023-11-23 00:00:00 UTC
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3 Elite Dividend-Paying Stocks to Hold for Eons
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AAPL
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https://www.nasdaq.com/articles/3-elite-dividend-paying-stocks-to-hold-for-eons
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s been tougher to recommend dividend stocks to buy and hold in the past two years given the rise in interest rates.
After all, when you can buy a short-term Treasury bill that pays more than 5% and is fully backed and guaranteed by the U.S. government, opting for a dividend stock yielding 2.5% hardly seems sensible. Worse still, the average dividend yield of S&P 500 stocks is 1.52%.
Fortunately, for lovers of dividend stocks, it’s the total return that matters, not the dividend yield.
According to Finviz.com, the highest yielding S&P 500 stock is Altria Group (NYSE:MO) at 9.60%. MO’s five-year annualized total return is 0.55%, not exactly your home-run stock. The top-performing S&P 500 over the past year is Nvidia (NASDAQ:NVDA), up 229%. It yields 0.03%. Based on Nvidia’s annual dividend payment of $0.16 and its share price from a year ago of $153, its yield would have been just 0.10%.
Like I said, it’s the total return that matters.
So, with that in mind, here are three top quality dividend stocks to buy and hold for many years to come.
Mastercard (MA)
Source: David Cardinez / Shutterstock.com
Mastercard (NYSE:MA) has year-to-date and five-year returns of 16.6% and 121.5%. It yields 0.56%.
The payment technology company issued a press release on Nov. 20 indicating its Mastercard NUCC Information Technology (Beijing) joint venture with NetsUnion Clearing Corporation received approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.
As a result, it will be able to issue Chinese yuan-denominated bank cards under the Mastercard brand. This comes after three years of regulatory work to get the go-ahead. It’s a big deal in a country that’s virtually cashless.
American Express (NYSE:AXP) is the only other foreign firm to get approval for direct market access. It’s issued debit cards for yuan transactions since 2021. Mastercard’s rival, Visa (NYSE:V) has yet to get approval from the Chinese regulators.
Through the first nine months of 2023, Mastercard’s operating income was $10.64 billion, on $18.55 billion in revenue.
What’s not to like?
Apple (AAPL)
Source: sylv1rob1 / Shutterstock.com
Apple (NASDAQ:AAPL) has year-to-date and five-year returns of 53.1% and 344.5%. It yields 0.50%.
You would think after leading the world’s largest company for more than 12 years, the comparison between CEO Tim Cook and company co-founder Steve Jobs would go away. Especially given AAPL stock has gained 787% during Cook’s tenure, nearly 3x the performance of the S&P 500.
In July 2018, I argued that Apple stock could double over the next 36 months if five things in its business were successful. One of them was its Services business. In fiscal 2016, they were $24.3 billion. If they got to $50 billion by the end of fiscal 2020, it would hit $400.
Wouldn’t you know it, the Services segment’s annual revenue as of Sept. 26, 2020 was $53.8 billion, meeting this target. Apple’s share price on Sept. 26, 2020, was $449.12. Apple did a four-for-one stock split on Aug. 28, 2020.
Can its services revenue get to $100 billion? They were $85.2 billion in fiscal 2023. They should hit triple digits by September 2025.
Fastenal (FAST)
Source: J. Michael Jones / Shutterstock.com
Fastenal (NASDAQ:FAST) has year-to-date and five-year returns of 28.5% and 118.2%. It yields 2.30%. More importantly, over the past five years, its annualized total return was 19.3%, considerably higher than the entire U.S. stock market.
I don’t know about you but I love reading interesting or well written shareholder letters from CEOs. Warren Buffett’s is obviously a must-read. Looking through Fastenal CEO Daniel Florness’s 2022 shareholder letter provides a few clues about the company’s DNA.
“[T]ake care of our customers’ needs (and find more customers), take care of our fellow Blue Team [employees] members (and find more to join the team), watch our expenses with a close eye (but continue to build for the future), expand our investments in technology (we need great technology to support our customers and to become more productive), and enjoy what we do!”
Those last four words are critical to the success of any business. If you’re a long-time shareholder, they ought to provide comfort knowing that the company has a purpose beyond making money.
I encourage you to learn more about this excellent business. Attitude is everything and Fastenal brings it and then some.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The #1 AI Investment Might Be This Company You’ve Never Heard Of
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The post 3 Elite Dividend-Paying Stocks to Hold for Eons appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) has year-to-date and five-year returns of 53.1% and 344.5%. Especially given AAPL stock has gained 787% during Cook’s tenure, nearly 3x the performance of the S&P 500. After all, when you can buy a short-term Treasury bill that pays more than 5% and is fully backed and guaranteed by the U.S. government, opting for a dividend stock yielding 2.5% hardly seems sensible.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) has year-to-date and five-year returns of 53.1% and 344.5%. Especially given AAPL stock has gained 787% during Cook’s tenure, nearly 3x the performance of the S&P 500. Mastercard (MA) Source: David Cardinez / Shutterstock.com Mastercard (NYSE:MA) has year-to-date and five-year returns of 16.6% and 121.5%.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) has year-to-date and five-year returns of 53.1% and 344.5%. Especially given AAPL stock has gained 787% during Cook’s tenure, nearly 3x the performance of the S&P 500. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s been tougher to recommend dividend stocks to buy and hold in the past two years given the rise in interest rates.
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Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) has year-to-date and five-year returns of 53.1% and 344.5%. Especially given AAPL stock has gained 787% during Cook’s tenure, nearly 3x the performance of the S&P 500. Fortunately, for lovers of dividend stocks, it’s the total return that matters, not the dividend yield.
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2023-11-23 00:00:00 UTC
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7 Tech Stocks to Load Up On Ahead of Lower Borrowing Costs
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AAPL
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https://www.nasdaq.com/articles/7-tech-stocks-to-load-up-on-ahead-of-lower-borrowing-costs
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The signals are growing stronger and stronger for tech stocks.
If the Federal Reserve continues to see firm economic signals, it will inevitably choose to lower rates shortly. That’s why the news that October’s CPI hit its lowest rate in 2 years was such a strong signal. It tells the markets that the Federal Reserve decisions are having the intended effect.
Eventually, it will reverse course and decrease the federal funds rate, lowering borrowing costs. Tech firms will again have access to cheaper capital that will fuel the rapid top-line growth, increasing share prices.
So, with this backdrop of falling interest rates, here are the best tech stocks to consider.
Nvidia (NVDA)
Source: Sergio Photone / Shutterstock.com
Nvidia (NASDAQ:NVDA) has received more attention than any other stock in 2023. It has emerged as the king of AI due to its dominant chips.
Little is expected to change in 2024. The company’s H100 chips Continue to be in high demand for AI applications across Tech and all industries. However, Nvidia will not rest on its Laurels and recently Unveiled the H200 tensor core GPU.
Those chips will be available by mid-2024. That means the company will have multiple catalysts working in its favor that promise to increase its shares. The H100 chips already dominate, the H200 chips promise to extend Nvidia’s advantage, and the company is also speeding up its development cycles moving forward. That means the company is expected to deliver subsequent chips in one-year cycles rather than the current two-year cycle. Thus, the potential for Nvidia to jump even further ahead of its competitors remains very strong.
A side note, it would be entirely reasonable to purchase all of the other Magnificent Seven stocks at this point. That would be an entirely reasonable strategy with lower borrowing costs on the horizon. However, this article covers additional tech stock with a lot of upside potential.
Technology Select Sector SPDR ETF (XLK)
Source: SHUN_J / Shutterstock
Technology Select Sector SPDR ETF (NYSEARCA:XLK) is an excellent choice for investors seeking broad, relatively safe exposure to tech stocks.
All of the advantages of ETFs exist in XLK shares. Investors get the reduced risk of an ETF relative to an individual stock, lower costs, the benefits of diversification, and tax benefits. Additionally, its shares include a modest dividend yielding 0.77%. In short, XLK stock offers a balance inherent in ETFs and the upside potential of tech stocks as peak rates pass.
The other benefit is that Technology Select Sector SPDR ETF grants investors exposure to the leading tech names that make up the Magnificent Seven. The two largest stocks by market capitalization comprise more than 45% of the fund’s holdings. So, investors will benefit as those leading tech names move even higher, precisely what is anticipated. Furthermore, investors benefit from the modest dividend and the other benefits of ETF investing.
Technology Select Sector SPDR ETF isn’t necessarily the best tech ETF as there are many other strong choices. That said, investors would do well to invest in it or a similar ETF at this point in the business cycle.
Broadcom (AVGO)
Source: Funtap / Shutterstock.com
Broadcom (NASDAQ:AVGO) continues to look strong due to the same catalysts mentioned above for other stocks. The company has a dominant position in semiconductor software And intellectual property. Beyond that, Broadcom is also very relevant as its acquisition of VMware (NYSE:VMW) is expected to close soon.
That means Broadcom is highly likely to add the provider of multi-cloud App services with a strong enterprise presence to its business. So, Broadcom will increase its overall footprint to include further strengthened Cloud infrastructure via VMware.
Neither company has shown strong growth in recent quarters. However, that shouldn’t be necessarily expected because neither is a growth firm. Instead, both firms intend to focus on steady, Lower top-line growth while each continues to increase their bottom-line results.
The merger of the two companies Requires the approval of China. President Xi’s recent visit to the United States could be a positive catalyst for that approval to follow soon.
Qualcomm (QCOM)
Source: Akshdeep Kaur Raked / Shutterstock.com
Investing in Qualcomm (NASDAQ:QCOM) is also an investment in Apple (NASDAQ:AAPL) to some degree. That’s a decent place to start when discussing Qualcomm and its shares.
Qualcomm provides chips used in Apple’s iPhones. However, Qualcomm’s continued position as a supplier of those chips was in doubt until relatively recently. In September, the company announced that it had signed a deal with Apple to provide its Snapdragon 5G Modem-RF Systems In 2024, 2025, and 2026. Clearing that major hurdle means that Qualcomm has passed its most significant issue and sets the company up for relatively stable operations in the near future.
Stable operations allow investors to focus on Qualcomm’s growth potential. The company’s Snapdragon 8 Gen 3 chips are expected to be a major factor in bringing generative AI to handsets. In addition, the company recently provided an updated forecast for the December quarter, which included higher-than-expected revenues.
Synopsys (SNPS)
Source: Shutterstock
Synopsys (NASDAQ:SNPS) is a firm that proves that not all AI stocks are worth investing in to produce chips. Instead, the company can be thought of more as a picks-and-shovels investment in the space.
The company makes design automation software for the semiconductor industry. The company’s DSO.ai searches for optimization targets during the design phase of chip manufacturing. In other words, it leverages AI to find ways to improve processes and outcomes, all while reducing costs.
Synopsys also sells AI-powered software for semiconductor production’s verification and test phases. The company will release earnings on Nov. 29. It has performed well this year.
While investors will continue to await its upcoming results eagerly, they should also note that the company continues to further its collaboration with Microsoft (NASDAQ:MSFT). Synopsys.ai Copilot integrates Azure Cloud, generative AI, and Synopsys’ capabilities for the purpose of improving the semiconductor design process.
Palantir (PLTR)
Source: Sittipong Phokawattana / Shutterstock
Palantir (NYSE:PLTR) Continues to perform very strongly while showing signs that its revenue base is shifting. Palantir has been most strongly associated with analytics that serve its strong relationships with government entities.
However, the company’s government revenues reached $308 million in the most recent quarter, while Wall Street had expected $321 million. CEO Alexander Karp explained that the business segment was prone to fluctuations. At the same time, the company sent strong signals that its commercial Revenue base will continue to grow.
Commercial revenues grew by 23% to $251 million. Current expectations suggest that Palantir’s commercial segment could double by the first quarter 2025.
The stock has done incredibly well in 2023, Having more than tripled in price from its starting point below $7. Palantir continues to show strong top-line growth, with revenues reaching $558 million and growing by 17%. Further, Palantir has shown outsized growth is measured across various segments and is showing strong future commercial potential which bolsters its already strong public sector presence.
Manhattan Associate Incorporated (MANH)
Source: Shutterstock
Manhattan Associate Incorporated (NASDAQ:MANH) is a company that creates solutions to supply chain and inventory problems, especially in the e-commerce space. Its stock may be relatively unknown, but the e-commerce space will continue to snowball. That makes firms like Manhattan Associate Incorporated very much worthwhile for investors.
That said, MANH stock has performed very well in 2023, having risen more than $100 year to date to its current price above $220. Revenues and EPS figures grew by more than 20% during the most recent earnings. Those figures bested those that analysts were expecting. All in all, this makes MANH one of those tech stocks to consider.
The stock will continue to garner attention because many investors are seeking to understand the growth potential in the warehousing space. Applying AI to those spaces promises to supercharge e-commerce by speeding fulfillment, reducing costs, and other factors.
That suggests Manhattan Associates Incorporated should continue to see strong demand moving into 2024 as interest rates peak and begin to drop. Capital will cheapen, and that will spike investment into the space, which is already strong.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post 7 Tech Stocks to Load Up On Ahead of Lower Borrowing Costs appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Investing in Qualcomm (NASDAQ:QCOM) is also an investment in Apple (NASDAQ:AAPL) to some degree. The other benefit is that Technology Select Sector SPDR ETF grants investors exposure to the leading tech names that make up the Magnificent Seven. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Investing in Qualcomm (NASDAQ:QCOM) is also an investment in Apple (NASDAQ:AAPL) to some degree. Technology Select Sector SPDR ETF (XLK) Source: SHUN_J / Shutterstock Technology Select Sector SPDR ETF (NYSEARCA:XLK) is an excellent choice for investors seeking broad, relatively safe exposure to tech stocks. Palantir (PLTR) Source: Sittipong Phokawattana / Shutterstock Palantir (NYSE:PLTR) Continues to perform very strongly while showing signs that its revenue base is shifting.
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Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Investing in Qualcomm (NASDAQ:QCOM) is also an investment in Apple (NASDAQ:AAPL) to some degree. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The signals are growing stronger and stronger for tech stocks. Technology Select Sector SPDR ETF (XLK) Source: SHUN_J / Shutterstock Technology Select Sector SPDR ETF (NYSEARCA:XLK) is an excellent choice for investors seeking broad, relatively safe exposure to tech stocks.
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Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Investing in Qualcomm (NASDAQ:QCOM) is also an investment in Apple (NASDAQ:AAPL) to some degree. The H100 chips already dominate, the H200 chips promise to extend Nvidia’s advantage, and the company is also speeding up its development cycles moving forward. That said, investors would do well to invest in it or a similar ETF at this point in the business cycle.
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2023-11-23 00:00:00 UTC
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The Next Tech Battlefield: Apple’s Position in the Emerging AI Landscape
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AAPL
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https://www.nasdaq.com/articles/the-next-tech-battlefield%3A-apples-position-in-the-emerging-ai-landscape
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Apple (NASDAQ:AAPL) stock has come into its own as “the” stock to buy for small investors. Smartphones define the 21st century economy. No one makes as many, or as much profit from them, as Apple.
Apple has held this position for over 15 years, ever since the late Steve Jobs said he had “one more thing” to show the press.
A Closer Look at AAPL Stock
For all its effort with TV, in watches, with computers, and with services, Apple is still a smartphone company. Three quarters of its $89.5 billion in revenue last quarter came from products, and most of that was the iPhone. The September quarter set another record for iPhone sales. While total revenue fell slightly, AAPL stock is still a confident buy.
The platform created by having over 2 billion active devices in use is immense. Apple Maps is now more popular with Apple users than Google Maps. It takes over one-third of Alphabet’s customer acquisition costs. That’s pure profit.
Whatever Apple wants, Apple gets. It has 15% of the music streaming business. It has 7% of the video streaming business. Wellness is a $1.5 trillion business and Apple is gaining share there.
In some ways, Apple is just getting started.
Apple’s Threat
The threat to AAPL stock doesn’t come from other device makers, it comes from generative AI. Apple wants you to think it has this threat in hand. It says generative AI will be in the next version of the iOS operating system. There are rumors the iPhone 16 will have its large language model built-in.
But AI is going to completely change how we use computers. Former Apple executives have already launched an AI pin with a large language model as its interface.
Apple was caught out by the generative AI boom. The $1 billion/year it’s spending on it is an ante in this game, like $1 billion/year was in cloud a decade ago. Samsung has already put a generative AI model on its devices, beating Apple to the market. Since much of that market will be in Asia, that’s meaningful.
Apple’s strategy is always to keep silent about innovation until it announces something. Apple bulls aren’t worried about AI. They insist Apple has the money to buy its way in.
The Bottom Line
History tells us that the threat of AI to Apple is real. Few companies, even enormous ones, can bridge the chasm between technologies.
AI is going to be bigger than the internet. While it will be built on the internet, and on devices like the iPhone, it will change how we interact with both in ways we can’t foresee.
Investors are paying 31 times earnings for Apple stock because it’s a safe pair of hands in this uncertain future. So was GM in your grandfather’s time. So was IBM in your dad’s time.
Apple isn’t a guaranteed loser here. But it’s not a guaranteed winner, either.
As of this writing, Dana Blankenhorn had LONG positions in AAPL and GOOGL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Tweet him at @danablankenhorn, connect with him on Mastodon or subscribe to his Substack.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post The Next Tech Battlefield: Apple’s Position in the Emerging AI Landscape appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) stock has come into its own as “the” stock to buy for small investors. A Closer Look at AAPL Stock For all its effort with TV, in watches, with computers, and with services, Apple is still a smartphone company. While total revenue fell slightly, AAPL stock is still a confident buy.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) stock has come into its own as “the” stock to buy for small investors. Apple’s Threat The threat to AAPL stock doesn’t come from other device makers, it comes from generative AI. A Closer Look at AAPL Stock For all its effort with TV, in watches, with computers, and with services, Apple is still a smartphone company.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) stock has come into its own as “the” stock to buy for small investors. Apple’s Threat The threat to AAPL stock doesn’t come from other device makers, it comes from generative AI. A Closer Look at AAPL Stock For all its effort with TV, in watches, with computers, and with services, Apple is still a smartphone company.
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A Closer Look at AAPL Stock For all its effort with TV, in watches, with computers, and with services, Apple is still a smartphone company. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) stock has come into its own as “the” stock to buy for small investors. While total revenue fell slightly, AAPL stock is still a confident buy.
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12410.0
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2023-11-23 00:00:00 UTC
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Apple's (AAPL) iPhone 15 Hit in South Korea, Lags in China
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AAPL
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https://www.nasdaq.com/articles/apples-aapl-iphone-15-hit-in-south-korea-lags-in-china
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nan
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nan
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Apple’s AAPL latest iPhone is a hit in South Korea, per a recent article from The Korea Herald, cited by the 9TO5Mac. However, iPhone 15 sales have been sluggish in neighboring countries, China and Japan, both major markets for Apple.
Apple launched the iPhone 15 in South Korea on Oct 13, much later than its launch in the United States on Sep 22. In the first month of launch, iPhone 15 sales jumped 41.9% compared with the iPhone 14 series launch a year ago, per market research firm Atlas Research and Consulting, cited by The Korea Herald.
Sales of the smaller and cheaper iPhone 15 doubled over the same period, while the higher-priced iPhone 15 Pro Max witnessed 42.3% growth. Moreover, the iPhone 15 accounted for 30.7% of the sales, lagging the iPhone 15 Pro, which accounted for roughly 50%.
iPhone 15 sales in South Korea benefited from incentives offered by the telecom carriers, as well as the availability of Apple Pay. SK Telecom’s launch of the recording service for iPhones through its AI app has been a catalyst.
However, iPhone 15 sales have been lukewarm in both Japan and China.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Japanese customers seem to prefer older iPhones, particularly iPhone 12 mini and 13 mini phones, according to Nikkei Asia. Apple discontinued sales of the iPhone 13 mini on its official site prior to the launch of the iPhone 15.
Moreover, according to Counterpoint Research, iPhone 15 sales were disappointing in China. Sales of the iPhone 15 were down 4.5% compared with the iPhone launch during the first 17 days after their release. Stiff competition from Huawei with the launch of the Mate 60 series hurt iPhone sales.
According to Counterpoint Research data, cited by CNBC, Huawei’s sales in China grew 37% year over year in the third quarter. Huawei commanded a 12.9% market share in the quarter, up from 9.1% in the year-ago period. Apple, along with Vivo and Oppo, witnessed double-digit declines in China.
Apple Prospects Remain Bright
Apple’s business runs around its flagship iPhone. In fourth-quarter fiscal 2023, iPhone sales increased 2.8% year over year to $43.805 billion and accounted for 48.9% of total sales.
iPhone sales beat management's expectations and achieved record sales in India, China, Latin America, the Middle East and South Asia. Apple expects iPhone revenues to grow year over year in the first quarter of fiscal 2024.
Moreover, Apple is benefiting from increasing customer engagement in the services segment. It currently has more than one billion paid subscribers across its Services portfolio. The expanding content portfolio of Apple TV+ and Apple Arcade is helping drive subscriber growth.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Apple shares have returned 46.7% year to date, outperforming the Zacks Computer & Technology sector’s return of 45.5%.
NVIDIA NVDA, NetEase NTES and Intel INTC are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVDA, NTES and INTC shares have returned 238.4%, 60.4% and 64.9%, respectively, on a year-to-date basis.
Long-term earnings growth rates for NVIDIA, NetEase and Intel are pegged at 13.5%,15.98 and 14.18%, respectively.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple’s AAPL latest iPhone is a hit in South Korea, per a recent article from The Korea Herald, cited by the 9TO5Mac. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. iPhone 15 sales in South Korea benefited from incentives offered by the telecom carriers, as well as the availability of Apple Pay.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple’s AAPL latest iPhone is a hit in South Korea, per a recent article from The Korea Herald, cited by the 9TO5Mac. In the first month of launch, iPhone 15 sales jumped 41.9% compared with the iPhone 14 series launch a year ago, per market research firm Atlas Research and Consulting, cited by The Korea Herald.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple’s AAPL latest iPhone is a hit in South Korea, per a recent article from The Korea Herald, cited by the 9TO5Mac. In the first month of launch, iPhone 15 sales jumped 41.9% compared with the iPhone 14 series launch a year ago, per market research firm Atlas Research and Consulting, cited by The Korea Herald.
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Apple’s AAPL latest iPhone is a hit in South Korea, per a recent article from The Korea Herald, cited by the 9TO5Mac. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. In the first month of launch, iPhone 15 sales jumped 41.9% compared with the iPhone 14 series launch a year ago, per market research firm Atlas Research and Consulting, cited by The Korea Herald.
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12411.0
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2023-11-23 00:00:00 UTC
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Forget 3M, Buy This Hot Growth Stock Instead
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AAPL
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https://www.nasdaq.com/articles/forget-3m-buy-this-hot-growth-stock-instead
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nan
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nan
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On a risk/reward basis, I think machine vision company Cognex (NASDAQ: CGNX) is a better buy than industrial conglomerate 3M (NYSE: MMM) right now. They are very different companies with heavy exposure to end markets like consumer electronics and automotive. However, Cognex has significantly more upside potential than 3M, while the downside potential is similar. For that reason alone, I think Cognex is the better buy. Here's why.
A disappointing year for 3M and Cognex
There's no getting away from the elephant in the room. Both companies have had a tough year. 3M is set to deliver an organic sales growth decline of 3% for the full year (a figure at the low end of its initial guidance range of flat sales on 2022 to a 3% decline), and Wall Street analysts believe Cognex's full-year sales will decline by 17.5% compared to 2022.
Seeing both stocks down significantly this year is not surprising.
MMM data by YCharts
The reason for the disappointing sales is relatively simple. Although 3M sells mainly to other industrial and healthcare companies, it has substantive consumer sales. In addition, a lot of its industrial sales go to customers in interest-rate-sensitive end markets like consumer electronics and automotive. Unfortunately, the rising rate environment has continued to pressure consumer discretionary spending, and that's taken its toll on the spending plans of consumers and consumer electronics companies.
In common with 3M, Cognex's machine vision counts consumer electronics and automotive as two major end markets. The company's third-largest single market is logistics, where its machine vision solutions are used in e-commerce warehousing. It's a market that's suffered a significant decline in spending (see Amazon.com's cutbacks in spending on warehousing), due to the consumer spending slowdown and a natural correction from the high spending on e-commerce facilities during the pandemic's height.
In short, both companies have suffered the chill wind of slowing end markets in 2023.
Image source: Getty Images.
The economy will turn
That said, interest rates won't rise forever, and history suggests the cycle will turn, leading to a release of spending. For example, there's no way consumer electronics companies like Apple (a Cognex customer) can delay developing new products in the marketplace for too long. Automotive companies continue to ramp up spending on electric vehicles (EVs) aggressively, taking an ever larger share of overall automotive spending.
3M sees its EV-related sales growing 30% in 2023 to $600 million , and on the last earnings call, Cognex CEO Rob Willett said he believes EV battery companies (a market for Cognex) will ramp production capacity by five to seven times "between now and the end of the decade."
Both end markets (consumer electronics and automotive) will benefit from a lower interest rate environment, as will Cognex's logistics end market and 3M's consumer segment sales, notably those relating to the housing market.
Why Cognex is better placed
While both companies are a play on a cyclical recovery in the economy, Cognex has more upside potential. 3M is a $30 billion-plus revenue company with growth prospects of, at best, gross domestic product (GDP) plus a bit. Meanwhile, as the chart below shows, Cognex has a history of highly volatile sales growth. All it will take is a few large orders from, say, Apple in consumer electronics or maybe Amazon in logistics, and Cognex's near-term growth prospects will look a lot brighter.
MMM Revenue (TTM) data by YCharts
In addition, while 3M's current dividend yield of 6.3% is desirable, it may not prove sustainable due to multi-billion-dollar cash calls necessary to meet legal settlements and declining cash flow generation. In addition, 3M is spinning off its healthcare business in 2024 and will therefore lose its most stable income and cash flow stream. 3M must also demonstrate an ability to grow its profit margin again.
Cognex stock over 3M
Cognex's potential upside is explosive. While both companies face downside risk (the interest rate cycle may not turn for some time), 3M has the added risk that it might not be able to sustain its dividend and convince the market that it's turned around its profit margin declines. All told, Cognex is the better buy.
10 stocks we like better than 3M
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3M wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 15, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, and Cognex. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On a risk/reward basis, I think machine vision company Cognex (NASDAQ: CGNX) is a better buy than industrial conglomerate 3M (NYSE: MMM) right now. In common with 3M, Cognex's machine vision counts consumer electronics and automotive as two major end markets. All it will take is a few large orders from, say, Apple in consumer electronics or maybe Amazon in logistics, and Cognex's near-term growth prospects will look a lot brighter.
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In addition, a lot of its industrial sales go to customers in interest-rate-sensitive end markets like consumer electronics and automotive. It's a market that's suffered a significant decline in spending (see Amazon.com's cutbacks in spending on warehousing), due to the consumer spending slowdown and a natural correction from the high spending on e-commerce facilities during the pandemic's height. Both end markets (consumer electronics and automotive) will benefit from a lower interest rate environment, as will Cognex's logistics end market and 3M's consumer segment sales, notably those relating to the housing market.
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3M is set to deliver an organic sales growth decline of 3% for the full year (a figure at the low end of its initial guidance range of flat sales on 2022 to a 3% decline), and Wall Street analysts believe Cognex's full-year sales will decline by 17.5% compared to 2022. 3M sees its EV-related sales growing 30% in 2023 to $600 million , and on the last earnings call, Cognex CEO Rob Willett said he believes EV battery companies (a market for Cognex) will ramp production capacity by five to seven times "between now and the end of the decade." Both end markets (consumer electronics and automotive) will benefit from a lower interest rate environment, as will Cognex's logistics end market and 3M's consumer segment sales, notably those relating to the housing market.
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Unfortunately, the rising rate environment has continued to pressure consumer discretionary spending, and that's taken its toll on the spending plans of consumers and consumer electronics companies. Both end markets (consumer electronics and automotive) will benefit from a lower interest rate environment, as will Cognex's logistics end market and 3M's consumer segment sales, notably those relating to the housing market. That's right -- they think these 10 stocks are even better buys.
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12412.0
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2023-11-23 00:00:00 UTC
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Guru Fundamental Report for AAPL
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-21
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12413.0
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2023-11-23 00:00:00 UTC
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From Energy to Retail: The Next 3 Trillion-Dollar Stocks
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AAPL
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https://www.nasdaq.com/articles/from-energy-to-retail%3A-the-next-3-trillion-dollar-stocks
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It used to be a company being valued at $1 trillion was a big deal. When Apple (NASDAQ:AAPL) became the first company to cross that threshold in 2018, there was a lot of hoopla surrounding the event. Today, it seems companies routinely earn trillion-dollar market caps.
Not really, but there are six companies as of this writing that have valuations exceeding $1 trillion: Apple, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and the most recent one, Nvidia (NASDAQ:NVDA).
Some have achieved the distinction only to tumble afterward, namely Meta Platforms (NASDAQ:META) and Tesla (NASDAQ:TSLA). And certainly, others are within striking distance of entering this small club. What follows are three industry-leading stocks that have a good chance of becoming the next trillion-dollar stocks.
Berkshire Hathaway (BRK-A)(BRK-B)
Source: IgorGolovniov / Shutterstock.com
I’m not making any bold declarations when I say Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) could be one of the first stocks to attain trillion-dollar status. It is already worth $789 billion. To ascend to those new heights in just five years would require Warren Buffett to generate returns of just 5% annually. Over the past five years, the Oracle of Omaha has done twice as well on average.
There are some risks to this eventuality. The main one is the advanced age of Buffett and his partner Charlie Munger. Both are nonagenarians and though we wish them all a continued long life, well, they’ve actually enjoyed that. Buffett understands this and has investment managers in place who will step in when he dies. In fact, they are making many investment decisions for Berkshire Hathaway today. What investors don’t know, though, is exactly which investments they’ve made so it’s difficult to gauge their performance. That could change the calculus of whether Berkshire can continue to grow as it has.
Berkshire Hathaway has $157 billion in cash which gives it quite a war chest to buy stocks opportunistically. Those purchases could have the stock grow even faster. It will also receive about $6 billion in dividend payments this year further juicing returns. It seems it’s only a matter of if, not when Berkshire becomes a $1 trillion stock.
Exxon Mobil (XOM)
Source: Jonathan Weiss / Shutterstock.com
Integrated oil and gas giant Exxon Mobil (NYSE:XOM) is the second stock with a good chance of gaining a trillion-dollar valuation. At a current valuation of $420 billion, it has a longer road to travel than Berkshire Hathaway, but there are strong tailwinds that should push it over the finish line.
For all the talk about renewable energy sources, fossil fuels remain the primary source of energy for the world. Demand is extraordinarily high such that renewables have little chance of meeting it for years to come if not decades. While Exxon Mobil has given a nod towards alternative energy, it is doubling down on fossil fuels.
Exxon just announced it was acquiring Pioneer Natural Resources (NYSE:PXD) for $60 billion in an all-stock deal. The oil company is the largest producer in the Permian basin while Exxon is the fifth largest. Combined, they will far outstrip any other producer, but by not so much as to trigger antitrust objections.
The merged companies could produce as much as 700,000 barrels per day of new oil and gas within four years. It will raise output to as high as 2 million barrels as well. The combination of Pioneer’s low-cost operations and Exxon’s technology could result in reduced greenhouse gas emissions and more oil per well produced.
Oil prices will likely remain high for some time further padding Exxon’s already burgeoning profit pool. That could push this oil giant up to a $1 trillion valuation sooner rather than later.
Walmart (WMT)
Source: Jonathan Weiss / Shutterstock.com
Retail king Walmart (NYSE:WMT) is in much the same boat as Exxon. It is currently valued at $418 billion, meaning it needs to more than double to grab the trillion-dollar brass ring. That’s no small feat as we’ve seen, but the world’s largest retailer can certainly pull it off.
Walmart delivered to investors a total return of 75% over the past five years or about 11% annually. It might take the retailer a few years longer to reach $1 trillion, but it’s doable. It delivered 4.4% U.S. sales growth in the third quarter and 10.8% internationally. E-commerce sales are growing smartly, too, up 24% domestically but down 3% elsewhere. The latter fell, though, because its Flipkart subsidiary pushed its Billion Dollar Days sales event into the fourth quarter from the third this year.
Profit margins should also improve over the next few years as it pushes greater automation in its fulfillment centers to increase efficiency and productivity. Walmart’s Spark Driver platform for home delivery is already achieving 15% cost reductions while shortening delivery times.
You have a traditional retailer transforming into one set up to meet the needs of tomorrow. And even though Walmart is a multinational multibillion dollar corporation, it is still surprisingly nimble. Where it is No. 1 in physical retail, it is only behind Amazon in e-commerce. Albeit a far ways back, but it is continually improving. It’s easy to see how it can reach a $1 trillion valuation over the next five to 10 years.
On the date of publication, Rich Duprey held a LONG position in XOM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.
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The post From Energy to Retail: The Next 3 Trillion-Dollar Stocks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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When Apple (NASDAQ:AAPL) became the first company to cross that threshold in 2018, there was a lot of hoopla surrounding the event. The combination of Pioneer’s low-cost operations and Exxon’s technology could result in reduced greenhouse gas emissions and more oil per well produced. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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When Apple (NASDAQ:AAPL) became the first company to cross that threshold in 2018, there was a lot of hoopla surrounding the event. Berkshire Hathaway (BRK-A)(BRK-B) Source: IgorGolovniov / Shutterstock.com I’m not making any bold declarations when I say Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) could be one of the first stocks to attain trillion-dollar status. Exxon Mobil (XOM) Source: Jonathan Weiss / Shutterstock.com Integrated oil and gas giant Exxon Mobil (NYSE:XOM) is the second stock with a good chance of gaining a trillion-dollar valuation.
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When Apple (NASDAQ:AAPL) became the first company to cross that threshold in 2018, there was a lot of hoopla surrounding the event. Not really, but there are six companies as of this writing that have valuations exceeding $1 trillion: Apple, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and the most recent one, Nvidia (NASDAQ:NVDA). Berkshire Hathaway (BRK-A)(BRK-B) Source: IgorGolovniov / Shutterstock.com I’m not making any bold declarations when I say Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) could be one of the first stocks to attain trillion-dollar status.
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When Apple (NASDAQ:AAPL) became the first company to cross that threshold in 2018, there was a lot of hoopla surrounding the event. Exxon Mobil (XOM) Source: Jonathan Weiss / Shutterstock.com Integrated oil and gas giant Exxon Mobil (NYSE:XOM) is the second stock with a good chance of gaining a trillion-dollar valuation. Walmart delivered to investors a total return of 75% over the past five years or about 11% annually.
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12414.0
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2023-11-23 00:00:00 UTC
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Volume of Apple sales underperforms Huawei, Xiaomi on China's Singles Day - data
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AAPL
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https://www.nasdaq.com/articles/volume-of-apple-sales-underperforms-huawei-xiaomi-on-chinas-singles-day-data
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nan
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nan
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By Yelin Mo and Brenda Goh
BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases.
The number of Apple smartphones sold declined 4% year-on-year during the two-week sales from Oct. 30 to Nov. 12, the research consultancy said on Thursday. In comparison, the number of units sold by Huawei HWT.UL and Xiaomi 1810.HK grew 66% and 28% respectively year-on-year over the same period.
The increases for Huawei and Xiaomi helped fuel a 5% year-over-year rise in the overall number of Chinese smartphones sold during the promotion period, it said.
The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Xiaomi's latest Mi 14 smartphone is priced from 3,999 yuan ($555).
Huawei and Apple did not immediately respond to requests for comment.
China's e-commerce platforms such as Alibaba 9988.HK and JD.com 9618.HKdid not release sales figures for the Singles Day festival, having dropped the practice last year, although JD.com said the value of transaction volume of Apple products surpassed 10 billion yuan ($1.39 billion) on its platform during the period.
A Xiaomi spokesperson said the company achieved cumulative gross merchandise value of over 22.4 billion yuan during the shopping extravaganza.
Analysts have said the Chinese smartphone market is poised to rebound, with research firm IDC saying it expects sales to grow year-on-year in the fourth quarter after ten consecutive quarters of falling shipments.
Competition between smartphone models ratcheted up before the annual shopping gala, with major Chinese e-commerce platforms offering significant discounts on Apple's iPhones during the sales period.
Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
The Mate 60 series has received significant patriotic support in China with fans saying it shows how Huawei has managed to overcome years of export controls by the United States that initially crippled its smartphone business.
Xiaomi launched its flagship Mi 14 smartphone series in late October, with CEO Lei Jun revealing that sales for the new line had surpassed 1 million units after its release.
In addition to facing competition from domestic rivals, Counterpoint analysts attributed Apple's sluggish performance to supply chain issues that have constrained the availability of its new iPhone 15 models.
"Apple is improving compared to last month but there still seems to be hiccups in terms of supply," said Ivan Lam, senior analyst for manufacturing at Counterpoint, adding that he expects the situation to normalize soon.
($1 = 7.2111 Chinese yuan renminbi)
(Reporting by Yelin Mo and Brenda Goh; editing by Miral Fahmy)
((yelin.mo@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The Mate 60 series has received significant patriotic support in China with fans saying it shows how Huawei has managed to overcome years of export controls by the United States that initially crippled its smartphone business. In addition to facing competition from domestic rivals, Counterpoint analysts attributed Apple's sluggish performance to supply chain issues that have constrained the availability of its new iPhone 15 models.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the number of smartphones sold during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The number of Apple smartphones sold declined 4% year-on-year during the two-week sales from Oct. 30 to Nov. 12, the research consultancy said on Thursday. China's e-commerce platforms such as Alibaba 9988.HK and JD.com 9618.HKdid not release sales figures for the Singles Day festival, having dropped the practice last year, although JD.com said the value of transaction volume of Apple products surpassed 10 billion yuan ($1.39 billion) on its platform during the period.
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12415.0
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2023-11-23 00:00:00 UTC
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Is Franklin U.S. Large Cap Multifactor Index ETF (FLQL) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-franklin-u.s.-large-cap-multifactor-index-etf-flql-a-strong-etf-right-now-5
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nan
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nan
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Launched on 04/26/2017, the Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Managed by Franklin Templeton Investments, FLQL has amassed assets over $1.10 billion, making it one of the larger ETFs in the Style Box - Large Cap Blend. This particular fund seeks to match the performance of the LibertyQ US Large Cap Equity Index before fees and expenses.
The LibertyQ US Large Cap Equity Index seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell 1000 Index over the long term by applying a multi-factor selection process, which is designed to select equity securities from the Russell 1000 Index that have favorable exposure to four investment style factors quality, value, momentum and low volatility.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Operating expenses on an annual basis are 0.15% for FLQL, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 1.71%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
For FLQL, it has heaviest allocation in the Information Technology sector --about 34.70% of the portfolio --while Healthcare and Consumer Discretionary round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 7.72% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA).
FLQL's top 10 holdings account for about 30.39% of its total assets under management.
Performance and Risk
The ETF has added roughly 18.32% so far this year and was up about 12.97% in the last one year (as of 11/23/2023). In the past 52-week period, it has traded between $38.77 and $45.94.
The ETF has a beta of 0.92 and standard deviation of 15.84% for the trailing three-year period. With about 213 holdings, it effectively diversifies company-specific risk.
Alternatives
Franklin U.S. Large Cap Multifactor Index ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the SPDR S&P 500 ETF (SPY) tracks S&P 500 Index. IShares Core S&P 500 ETF has $374.52 billion in assets, SPDR S&P 500 ETF has $428.79 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Franklin U.S. Large Cap Multifactor Index ETF (FLQL): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
iShares Core S&P 500 ETF (IVV): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 7.72% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report Franklin U.S. Large Cap Multifactor Index ETF (FLQL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.
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Click to get this free report Franklin U.S. Large Cap Multifactor Index ETF (FLQL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 7.72% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Launched on 04/26/2017, the Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
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Click to get this free report Franklin U.S. Large Cap Multifactor Index ETF (FLQL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 7.72% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Launched on 04/26/2017, the Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 7.72% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report Franklin U.S. Large Cap Multifactor Index ETF (FLQL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Launched on 04/26/2017, the Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
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12416.0
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2023-11-23 00:00:00 UTC
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Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day - data
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AAPL
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https://www.nasdaq.com/articles/value-of-apple-sales-underperforms-huawei-xiaomi-on-chinas-singles-day-data
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nan
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nan
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By Yelin Mo and Brenda Goh
BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases.
The value of Apple's smartphone sales declined 4% year-on-year during the two-week sales from October 30th to November 12th, the research consultancy said on Thursday. In comparison, the value of sales for Huawei HWT.UL and Xiaomi 1810.HK smartphones grew 66% and 28% respectively year-on-year over the same period.
The increases for Huawei and Xiaomi helped fuel a 5% year-over-year rise in the overall value of Chinese smartphone sales during the promotion period, it said.
The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Xiaomi's latest Mi 14 smartphone is priced from 3,999 yuan ($555).
Huawei, Apple and Xiaomi did not immediately respond to requests for comment.
China's e-commerce platforms such as Alibaba 9988.HK and JD.com 9618.HKdid not release sales figures for the Singles Day festival, having dropped the practice last year, although JD.com said the value of transaction volume of Apple products surpassed 10 billion yuan ($1.39 billion) on its platform during the period.
Analysts have said the Chinese smartphone market is poised to rebound, with research firm IDC saying it expects sales to grow year-on-year in the fourth quarter after ten consecutive quarters of falling shipments.
Competition between smartphone models ratcheted up before the annual shopping gala, with major Chinese e-commerce platforms offering significant discounts on Apple's iPhones during the sales period.
Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
The Mate 60 series has received significant patriotic support in China with fans saying it shows how Huawei has managed to overcome years of export controls by the United States that initially crippled its smartphone business.
Xiaomi launched its flagship Mi 14 smartphone series in late October, with CEO Lei Jun revealing that sales for the new line had surpassed 1 million units after its release.
In addition to facing competition from domestic rivals, Counterpoint analysts attributed Apple's sluggish performance to supply chain issues that have constrained the availability of its new iPhone 15 models.
"Apple is improving compared to last month but there still seems to be hiccups in terms of supply," said Ivan Lam, senior analyst for manufacturing at Counterpoint, adding that he expects the situation to normalize soon.
($1 = 7.2111 Chinese yuan renminbi)
(Reporting by Yelin Mo and Brenda Goh; editing by Miral Fahmy)
((yelin.mo@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The Mate 60 series has received significant patriotic support in China with fans saying it shows how Huawei has managed to overcome years of export controls by the United States that initially crippled its smartphone business. In addition to facing competition from domestic rivals, Counterpoint analysts attributed Apple's sluggish performance to supply chain issues that have constrained the availability of its new iPhone 15 models.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The price for Apple's latest iPhone 15 model starts at 5,999 yuan ($832), while Huawei's Mate 60 smartphones start from 5,499 yuan ($763). Apple released its iPhone 15 series in late September, roughly a month after Huawei launched the Mate 60 smartphone line powered by Huawei's independently developed advanced chip.
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By Yelin Mo and Brenda Goh BEIJING, Nov 23 (Reuters) - Apple AAPL.O saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. In comparison, the value of sales for Huawei HWT.UL and Xiaomi 1810.HK smartphones grew 66% and 28% respectively year-on-year over the same period. In addition to facing competition from domestic rivals, Counterpoint analysts attributed Apple's sluggish performance to supply chain issues that have constrained the availability of its new iPhone 15 models.
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12417.0
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2023-11-23 00:00:00 UTC
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Long Call Butterfly Screener Results For November 23rd
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AAPL
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https://www.nasdaq.com/articles/long-call-butterfly-screener-results-for-november-23rd
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nan
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nan
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A long call butterfly is entered when a trader thinks a stock will not rise or fall by much between trade initiation and expiration. When using calls, the trade is constructed by buying an in-the-money call, selling two at-the-money calls and buying an out-of-the-money call. The trade is entered for a net debit meaning the trader pays to enter the trade. This debit is also the maximum possible loss.
The maximum profit is calculated as the difference between the short and long calls less the premium that you paid for the spread.
Let’s take a look at Barchart’s Long Call Calendar Screener for November 23rd:
The screener shows some interesting long call butterfly trades on popular stocks such AAPL, META, MSFT, INTC, UBER and AMZN.
Let’s take a look at the first line item – a Long Call Butterfly on Apple.
Using the January 19 expiry, the trade would involve buying the $150 strike call, selling two of the $185 strike calls and buying one of the $220 strike calls. The cost for the trade would be $2,264 which is the most the trade could lose. The maximum potential gain is $1,236. The lower breakeven price is $172.64 and the upper breakeven price is $197.36. The maximum profit is 54.59% with a probability of success of 62.5%.
The Barchart Technical Opinion rating is a 56% Buy with an average short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.
META Long Call Butterfly Example
Let’s take a look at another example, this time on Meta Platforms.
Also using the December 15 expiry, the trade would involve buying the $280 strike call, selling two of the $330 strike calls and buying one of the $380 strike calls. The cost for the trade would be $3,142 which is the most the trade could lose. The maximum potential gain is $1,858. The lower breakeven price is $311.42 and the upper breakeven price is $348.58. The maximum profit is 59.13% with a probability of success of 57.7%.
The Barchart Technical Opinion rating is a 100% Buy with a strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
MSFT Long Call Butterfly Example
Our final example will look at a long call butterfly on Microsoft.
Also using the December 15 expiry, the trade would involve buying the $330 strike call, selling two of the $370 strike calls and buying one of the $410 strike calls. The cost for the trade would be $2,472 which is the most the trade could lose. The maximum potential gain is $1,528. The lower breakeven price is $354.72 and the upper breakeven price is $385.28. The maximum profit is 61.81% with a probability of success of 57.4%.
The Barchart Technical Opinion rating is a 100% Buy with a strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
Mitigating Risk
Thankfully, Long Call Butterfly Spreads are risk defined trades, so they have some built in risk management. Some trades might like to exit the trade is the upper or lower breakeven price is breached.
Position sizing is important so that a 100% loss does not cause more than a 1-2% loss in total portfolio value.
Long Call Butterfly’s can also contain early assignment risk, so be mindful of that if the short calls are in-the-money and it’s getting close to expiry.
Please remember that options are risky, and investors can lose 100% of their investment.
This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions.
More Stock Market News from Barchart
1 High-Yield Energy Dividend Stock to Own for 2024
5 Stocks Just Entered the Top 100 Stocks to Buy. Here’s What I’d Bet On.
Is Plug Power Stock Worth the Risk Right Now?
GOOGL Stock Shows Unusual Stock Options Activity with Large Puts and Calls Trades
On the date of publication, Gavin McMaster did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let’s take a look at Barchart’s Long Call Calendar Screener for November 23rd: The screener shows some interesting long call butterfly trades on popular stocks such AAPL, META, MSFT, INTC, UBER and AMZN. A long call butterfly is entered when a trader thinks a stock will not rise or fall by much between trade initiation and expiration. The Barchart Technical Opinion rating is a 56% Buy with an average short term outlook on maintaining the current direction.
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The Barchart Technical Opinion rating is a 100% Buy with a strongest short term outlook on maintaining the current direction. Let’s take a look at Barchart’s Long Call Calendar Screener for November 23rd: The screener shows some interesting long call butterfly trades on popular stocks such AAPL, META, MSFT, INTC, UBER and AMZN. Also using the December 15 expiry, the trade would involve buying the $280 strike call, selling two of the $330 strike calls and buying one of the $380 strike calls.
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Let’s take a look at Barchart’s Long Call Calendar Screener for November 23rd: The screener shows some interesting long call butterfly trades on popular stocks such AAPL, META, MSFT, INTC, UBER and AMZN. When using calls, the trade is constructed by buying an in-the-money call, selling two at-the-money calls and buying an out-of-the-money call. Also using the December 15 expiry, the trade would involve buying the $280 strike call, selling two of the $330 strike calls and buying one of the $380 strike calls.
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Let’s take a look at Barchart’s Long Call Calendar Screener for November 23rd: The screener shows some interesting long call butterfly trades on popular stocks such AAPL, META, MSFT, INTC, UBER and AMZN. This debit is also the maximum possible loss. MSFT Long Call Butterfly Example Our final example will look at a long call butterfly on Microsoft.
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12418.0
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2023-11-22 00:00:00 UTC
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AAPL Factor-Based Stock Analysis
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AAPL
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https://www.nasdaq.com/articles/aapl-factor-based-stock-analysis-9
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Top Technology Stocks
Top Large-Cap Growth Stocks
High Momentum Stocks
High Insider Ownership Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12419.0
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2023-11-22 00:00:00 UTC
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Actor Jamie Foxx accused of sexual abuse in New York lawsuit
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AAPL
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https://www.nasdaq.com/articles/actor-jamie-foxx-accused-of-sexual-abuse-in-new-york-lawsuit
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nan
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nan
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By Dawn Chmielewski and Steve Gorman
Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015.
The plaintiff, identified in the complaint only as Jane Doe, said the assault occurred in a secluded corner of the Catch NYC rooftop lounge after she and a friend had approached the film star and had their pictures taken with him.
Foxx's representatives did not immediately respond to a request for comment on the lawsuit, which seeks unspecified damages.
The lawsuit said Foxx began groping the woman and putting his hands under her clothing against her will until her friend found the two of them, interrupting the encounter, and she left.
The actor is best known for his Academy Award-winning portrayal of singer Ray Charles in the 2004 film "Ray." He also earned an Oscar nomination for his supporting role that same year in the film "Collateral."
He is one of the latest high-profile celebrities accused of sexual wrongdoing in a recent series of lawsuits filed under the Adult Survivors Act, a New York state law allowing such lawsuits to be filed in court even if the statutes of limitations have run out.
The deadline for the special one-year window for such complaints under the law expires at the end of this month.
Music industry veteran Jimmy Iovine was likewise sued on Wednesday by an woman claiming he sexually abused her.
In the Iovine complaint filed in New York state court in Manhattan, a woman identified only as "Jane Doe" said she was sexually abused, forcibly touched and subject to sexual harassment and retaliation in August 2007.
A spokesperson for Iovine said they were "quite shocked and baffled" by the complaint.
"This inquiry is the first we’ve heard of this matter. No one has ever made a claim like this against Jimmy Iovine, nor have we been contacted or made aware of any complaint by anyone, including this unknown plaintiff prior to now,” the spokesperson said.
The plaintiff's attorney, Douglas Wigdor, declined further comment.
Iovine, a onetime recording engineer, co-founded Interscope Records, a music label associated with West Coast hip hop that is now part of Universal Music GroupUMG.AS. Iovine later partnered in 2006 with producer Dr. Dre to launch Beats Electronics, a company which AppleAAPL.O acquired in 2014 for $3 billion.
Others sued under the law include actors Russell Brand and Bill Cosby, former movie producer Harvey Weinstein, a former president, Donald Trump, and hip-hop mogul Sean "Diddy" Combs, whose case was settled after one day.
Axl Rose, the former lead singer of Guns N' Roses, was sued under the law on Wednesday by Sheila Kennedy, an actress and former Penthouse Pet of the Year, over an alleged 1989 assault.
(Reporting by Dawn Chmielewski and Steve Gorman in Los Angeles; Editing by Daniel Wallis, Dan Whitcomb, Robert Birsel )
((Dawn.Chmielewski@thomsonreuters.com; ))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Iovine later partnered in 2006 with producer Dr. Dre to launch Beats Electronics, a company which AppleAAPL.O acquired in 2014 for $3 billion. By Dawn Chmielewski and Steve Gorman Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. The plaintiff, identified in the complaint only as Jane Doe, said the assault occurred in a secluded corner of the Catch NYC rooftop lounge after she and a friend had approached the film star and had their pictures taken with him.
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Iovine later partnered in 2006 with producer Dr. Dre to launch Beats Electronics, a company which AppleAAPL.O acquired in 2014 for $3 billion. By Dawn Chmielewski and Steve Gorman Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. Music industry veteran Jimmy Iovine was likewise sued on Wednesday by an woman claiming he sexually abused her.
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Iovine later partnered in 2006 with producer Dr. Dre to launch Beats Electronics, a company which AppleAAPL.O acquired in 2014 for $3 billion. By Dawn Chmielewski and Steve Gorman Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. He is one of the latest high-profile celebrities accused of sexual wrongdoing in a recent series of lawsuits filed under the Adult Survivors Act, a New York state law allowing such lawsuits to be filed in court even if the statutes of limitations have run out.
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Iovine later partnered in 2006 with producer Dr. Dre to launch Beats Electronics, a company which AppleAAPL.O acquired in 2014 for $3 billion. By Dawn Chmielewski and Steve Gorman Nov 22 (Reuters) - Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that alleges he groped a woman at a rooftop bar and restaurant in Manhattan in August 2015. Music industry veteran Jimmy Iovine was likewise sued on Wednesday by an woman claiming he sexually abused her.
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12420.0
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2023-11-22 00:00:00 UTC
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Apple Stock (NASDAQ:AAPL): Can Siri Keep Up in the ChatGPT Age?
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AAPL
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https://www.nasdaq.com/articles/apple-stock-nasdaq%3Aaapl%3A-can-siri-keep-up-in-the-chatgpt-age
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nan
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nan
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Apple (NASDAQ:AAPL) stock may be perceived as less AI-savvy than its rivals in the Magnificent Seven. Undoubtedly, the company's virtual assistant, Siri, doesn't seem too impressive in the age of ChatGPT. Though generative AI technologies, like large language models (LLMs), have been touted by many firms, Apple has continued to stay on the down-low regarding its AI ambitions. Nonetheless, various reports suggest Apple is investing heavily in AI to keep up with the likes of Microsoft (NASDAQ:MSFT) and ChatGPT-maker OpenAI.
Reportedly, Apple has a big stake in the generative AI game and is en route to spending around $1 billion on its development, according to a recent Bloomberg report. For now, it's impossible to tell where Apple stands in the generative AI race. Given its size and ability to innovate (and dominate markets it enters), I'd certainly not be surprised if the firm has an AI product — next-gen Siri, Apple GPT, or something else — that's even more capable than the latest iteration of ChatGPT.
As Apple quietly invests in its own take on AI, I continue to be bullish on the stock, even as the doubters doubt and the stock slowly begins to flirt with new all-time highs again.
Apple is an AI Stock, Even if the Market Doubts Its Potential
At the end of the day, Apple is famous for letting its hardware and software do the hype-building for it. Looking ahead, expect Apple to continue taking on a more product- and consumer-oriented approach rather than letting AI hog the podium — something other AI-savvy tech firms seem to be doing of late.
Undoubtedly, this entails treating AI not as the main focal point but as something working behind the scenes to make the lives of its customers easier. At the end of the day, the features that generative AI technologies make possible are a part of the magic of new tech-driven features. And as you may know, Apple is all about delivering products and experiences that work almost "like magic." In that regard, a truly fantastic magician never reveals the full extent of his secrets.
Could Apple's App Store be Pressured by OpenAI's GPTs?
OpenAI's recent DevDay unveiled some pretty exciting new features, including GPTs, which allow for customizable chatbots. However, more recently, the board's short-lived ousting of CEO Sam Altman was the bombshell that hogged all the attention. As the situation settles and Altman returns to the corner office over at OpenAI, expect the focus to return to the firm's latest and greatest innovations, which may very well lay down the foundation for its own ecosystem or App Store for AI, as some folks are putting it.
Undoubtedly, if you can use a chatbot to order food, answer questions, and carry out various tasks, smartphone app usage could take a bit of a hit. ARK Invest's Cathie Wood seems to think ChatGPT could be a disruptor to Apple. While Wood has been known to make extremely forward-looking comments, I do think the advent of GPTs could evolve to become a credible threat to Apple's App Store if it's complacent.
Fortunately for Apple shareholders, the company does not seem to be taking the potential of AI lightly, not in the slightest. As Apple continues spending a pretty penny on generative AI tech, the company may be keeping up, stride for stride, with the likes of the market's most-rewarded AI companies. Further, what ultimately succeeds Apple's App Store may very well be something of its own creation.
Remember, Apple is a firm that's more than willing to cannibalize its own business as new tech rolls around. The advent of Apple Music may have eaten into iTunes' sales. But at the end of the day, Apple has a heck of a lot more to gain than lose from the rise of new nascent technologies.
As for when Siri will be ready for the ChatGPT era, a recent report by Mark Gurman suggests that Siri may be in for its big upgrade next year. Additionally, Apple may be ready to sprinkle AI across its offerings (Pages, Numbers, Keynote, Apple Music, and Xcode) in the near future.
Is AAPL Stock a Buy, According to Analysts?
On TipRanks, AAPL stock comes in as a Strong Buy. Out of 33 analyst ratings, there are 25 Buys and eight Hold recommendations. The average Apple stock price target is $201.99, implying upside potential of 5.6%. Analyst price targets range from a low of $150.00 per share to a high of $240.00 per share.
The Bottom Line on AAPL Shares
Apple has a lot on the line as generative AI continues to take off. Though 2023 may be a slow year for AI innovations, 2024 could be a year where the firm really makes up for lost time, perhaps allowing it to pull ahead of rivals like Microsoft.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ:AAPL) stock may be perceived as less AI-savvy than its rivals in the Magnificent Seven. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Strong Buy.
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The Bottom Line on AAPL Shares Apple has a lot on the line as generative AI continues to take off. Apple (NASDAQ:AAPL) stock may be perceived as less AI-savvy than its rivals in the Magnificent Seven. Is AAPL Stock a Buy, According to Analysts?
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Apple (NASDAQ:AAPL) stock may be perceived as less AI-savvy than its rivals in the Magnificent Seven. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Strong Buy.
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Apple (NASDAQ:AAPL) stock may be perceived as less AI-savvy than its rivals in the Magnificent Seven. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Strong Buy.
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12421.0
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2023-11-22 00:00:00 UTC
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EXPLAINER-What is Black Friday? And will shoppers find bargains this year?
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AAPL
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https://www.nasdaq.com/articles/explainer-what-is-black-friday-and-will-shoppers-find-bargains-this-year-2
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nan
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nan
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By Juveria Tabassum, Savyata Mishra
Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, Black Friday normally marks the unofficial start of the Christmas shopping season.
Retailers in the U.S., Europe and elsewhere will be trying to cash in on the hoopla. Here is what to expect from Black Friday 2023.
WHY IS IT CALLED 'BLACK' FRIDAY?
Starting around the 1960s and early 1970s, police and bus drivers in Philadelphia used the term "Black Friday" to refer to the chaos an influx of people to the city created before the Thanksgiving weekend. Visitors would trawl the stores in Philadelphia on Friday with their Christmas lists looking for gifts. Shoplifting and parking violations ensued.
Department stores re-branded the term to "Big Friday" to put a more positive spin on it. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
"What we know is Black Friday, because it's so ceremonial, we get more people participating in it," Collins said.
WHAT ARE RETAILERS' PLANS THIS YEAR?
Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
Such early promotions could help them measure shopper demand and avoid product shortages, which could be a big problem this year. Water levels in a key shipping artery, the Panama Canal, have dropped due to a severe drought, cutting the number of ships carrying merchandise through it.
Many retailers in the U.S. intentionally muted their holiday hiring plans. Labor shortages are also a challenge for retailers in Europe, meaning shoppers could find fewer staff to help them.
ARE BLACK FRIDAY CROWDS LIKELY THIS YEAR?
Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF). Thanksgiving weekend, which encompasses Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the United States.
But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas falling on a Monday, the "procrastination factor (is) even greater because shoppers can wait until Saturday or Sunday" before Christmas to get gifts, she said this week.
Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
Wet weather, which deterred in-store traffic in some parts of the U.S. last year on Black Friday morning, is largely not expected this year, according AccuWeather.
Although most U.S. stores will be closed on Thanksgiving again this year, opening for shoppers at 5 a.m. or 6 a.m. on Friday, some retailers are advertising discounts online that kick in starting at 12:01 a.m. on Thanksgiving.
Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99.
Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores. In the past decade, Americans' Black Friday purchases online have more than tripled, reaching $9.12 billion on the day last year, according to data from Adobe Analytics.
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR?
Several major retailers from Dollar General DG.N to Walmart WMT.N and Macy's M.N could be saddled with too much stock for a second straight year, according to a Reuters analysis. They likely will need to offer discounts in order to drive shoppers to their stores and websites.
Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year.
Adobe said online discounts were expected to be as steep as 35% on toys, 24% on sporting goods and 19% on furniture.
ARE DISRUPTIONS EXPECTED DURING THANKSGIVING WEEKEND?
High-profile events such as the Macy's Thanksgiving Day parade in New York City and Black Friday could be attractive targets for protestors, disruptions and rallies pertaining to the Israel-Hamas war. The New York Police Department on Wednesday said, "there are currently no credible threats to any individual event or to New York City in general."
Amazon workers in more than a dozen U.S. warehouses are striking on Black Friday, in a fight for higher wages, improved environmental efforts and tax payments to Europe. Protests are slated in more than 30 countries, including Germany, India and Spain, where at least 30 facilities will see walk-outs.
The strike's organizer Make Amazon Pay expects "thousands of workers" to participate with the hopes of causing friction to the e-retail giant's supply chain, which sees peak demand during the holiday shopping season. "Tens of thousands" of workers participated in three previous Amazon Black Friday walk-outs.
HOW MUCH ARE SHOPPERS EXPECTED TO SPEND?
Cyber Week, the five days from Thanksgiving to Cyber Monday, is expected to generate $37.2 billion in spending online, according to Adobe, not counting spending in stores. That is less than a fourth of the $156.4 billion that shoppers spent during China's Singles Day shopping event that ended on Nov. 11, according to data provider Syntun.
Holiday sales online and in U.S. stores are expected to rise between 3% and 4% during November and December, their slowest pace in five years, according to a forecast by the NRF.
Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe.
In the United Kingdom, online spending during Black Friday is expected to rise 4.5% to 1.05 billion pounds ($1.30 billion), with total sales over the Cyber Weekend reaching 3.8 billion pounds, according to an Adobe forecast.
WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS?
With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
Consumers were looking to make the most of promotional events and wrap up their shopping in just 5.8 weeks this year, when compared to a 7.4-week window pre-pandemic, according to data from Deloitte.
WHAT ITEMS ARE HOT FOR BLACK FRIDAY THIS YEAR?
IPhones will be hot again, with the recent launch of the iPhone 15. Last year, shoppers looking for Apple's AAPL.OOiPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China.
Electronics are expected to be the top pick this shopping season, with estimates of a 6% growth, according to a report by Mastercard.
Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2", though the retailer on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand.
Skin and hair care products remain popular, with Ulta Beauty offering up to 40% discount on CoverGirl and Lancome mascaras, Bobbi Brown concealers and select products of its own label.
WHAT ARE RETAILERS SAYING ABOUT THIS YEAR'S BLACK FRIDAY?
Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday. "We're in the midst of that along with our competitors, customers are taking advantage of that."
Mattel President Steve Totzke told Reuters on Monday that he is expecting a strong Black Friday and run-up to the holidays even as the toymaker warned of slowing demand for the toy industry last month.
($1 = 0.8048 pounds)
(Reporting by Juveria Tabassum and Savyata Mishra in Bengaluru, Richa Naidu in London, additional reporting by Helen Reid in London; Editing by Josie Kao)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, shoppers looking for Apple's AAPL.OOiPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. The strike's organizer Make Amazon Pay expects "thousands of workers" to participate with the hopes of causing friction to the e-retail giant's supply chain, which sees peak demand during the holiday shopping season. With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
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Last year, shoppers looking for Apple's AAPL.OOiPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions. Cyber Week, the five days from Thanksgiving to Cyber Monday, is expected to generate $37.2 billion in spending online, according to Adobe, not counting spending in stores.
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Last year, shoppers looking for Apple's AAPL.OOiPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
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Last year, shoppers looking for Apple's AAPL.OOiPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Here is what to expect from Black Friday 2023. Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF).
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12422.0
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2023-11-22 00:00:00 UTC
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Alphabet (GOOGL) Enhances Google Maps With New Color Palette
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AAPL
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https://www.nasdaq.com/articles/alphabet-googl-enhances-google-maps-with-new-color-palette
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nan
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nan
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Alphabet’s GOOGL Google continues to enhance its Google Maps on the back of feature updates.
Google added a new color palette feature for its Maps application. The feature uses a lighter green color for parks and nature, in contrast with the off-white roads. It also uses a white tone for street crossings, which now appear at more zoomed-out levels.
Google also added some other features for its Maps application, including Immersive View for routes, detailed navigation and transit filters.
The color palette feature also uses a darker gray color with blue undertones for freeways, providing a thematic consistency with roads.
Alphabet strives to bolster its Google Services offerings on the back of its latest move.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Stiff Competition
The latest feature update can be seen as a strategic move to compete against its peers like Apple AAPL and Microsoft MSFT, which are also making concerted efforts to boost its Maps offerings.
Apple is enjoying the growing momentum of its Apple Maps offerings.
Notably, Apple introduced an offline navigation feature for its iPhone app suite, enhancing its comprehensive range of Maps services.
Meanwhile, Microsoft is riding on the success of Bing Maps with new feature updates.
Recently, Microsoft introduced live traffic reports for smartphone users via Bing Maps, providing notifications about accidents, suggested routes and departure times, either directly or through the Microsoft Start app.
Strengthening Google Services
Apart from the latest launch, Google introduced AI-powered features, including Stacks, in Google Photos to improve photo organization and categorization, reducing clutter in users' galleries.
Further, the company updated more than 20 first-party apps for large screens, enhancing Android tablet users' experience with features like dual-column User Interface and leveraged search results.
Additionally, Alphabet plans to release AI-powered insights for YouTube Studio next year, tailored to each channel's audience. Additionally, the platform will introduce an “assistive search” feature in Creator Music for easier music selection.
We believe that the abovementioned endeavors will bode well for Alphabet’s increasing efforts to boost the Google Services segment, which accounts for the majority of total revenues.
In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues.
Our model projects fourth-quarter 2023 Google Services revenues at $72.79 billion, indicating growth of 7.3% from 2022.
Strong momentum in the underlined segment will likely aid its overall financial performance in the upcoming period. This, in turn, will instill investor optimism in the stock.
Our model estimate for fourth-quarter 2023 total revenues is pegged at $81.95 billion, indicating year-over-year growth of 7.8%.
Alphabet has gained 55.2% on a year-to-date basis compared with the industry’s rise of 54.7%.
Zacks Rank & Stock to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Badger Meter BMI, sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have gained 35.1% in the year-to-date period. BMI’s long-term earnings growth rate is projected at 20.39%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition The latest feature update can be seen as a strategic move to compete against its peers like Apple AAPL and Microsoft MSFT, which are also making concerted efforts to boost its Maps offerings. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Apple introduced an offline navigation feature for its iPhone app suite, enhancing its comprehensive range of Maps services.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition The latest feature update can be seen as a strategic move to compete against its peers like Apple AAPL and Microsoft MSFT, which are also making concerted efforts to boost its Maps offerings. In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition The latest feature update can be seen as a strategic move to compete against its peers like Apple AAPL and Microsoft MSFT, which are also making concerted efforts to boost its Maps offerings. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Alphabet’s GOOGL Google continues to enhance its Google Maps on the back of feature updates.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition The latest feature update can be seen as a strategic move to compete against its peers like Apple AAPL and Microsoft MSFT, which are also making concerted efforts to boost its Maps offerings. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Alphabet’s GOOGL Google continues to enhance its Google Maps on the back of feature updates.
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12423.0
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2023-11-22 00:00:00 UTC
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Amazon Selling Cars Too? What You Need to Know
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AAPL
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https://www.nasdaq.com/articles/amazon-selling-cars-too-what-you-need-to-know
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nan
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nan
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Amazon (NASDAQ: AMZN) will start listing Hyundai vehicles on its site starting next year, and that could give the company footing in the auto business. It's not just auto sales Amazon is interested in -- the cloud and technology stack within cars is up for grabs.
In this video, Travis Hoium covers the latest news and why Amazon will be a big force in the auto industry.
*Stock prices used were end-of-day prices of Nov. 20, 2023. The video was published on Nov. 20, 2023.
10 stocks we like better than Amazon
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's not just auto sales Amazon is interested in -- the cloud and technology stack within cars is up for grabs. In this video, Travis Hoium covers the latest news and why Amazon will be a big force in the auto industry. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors.
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See the 10 stocks *Stock Advisor returns as of November 20, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors.
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In this video, Travis Hoium covers the latest news and why Amazon will be a big force in the auto industry. See the 10 stocks *Stock Advisor returns as of November 20, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors.
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12424.0
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2023-11-22 00:00:00 UTC
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Top 5 Stocks the Smart Money Is Buying
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AAPL
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https://www.nasdaq.com/articles/top-5-stocks-the-smart-money-is-buying
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nan
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nan
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Every quarter, hedge funds are required to file a 13-F showing their buys and sells for the quarter. These hedge funds handle huge amounts of money from some of the wealthiest people. Big money is what moves the market.
In today's video, I will cover the top five stocks purchased by both hedge funds and investment firms in the latest quarter, with one being Microsoft (NASDAQ: MSFT).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Nov. 17, 2023. The video was published on Nov. 20, 2023.
10 stocks we like better than Microsoft
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Mark Roussin, CPA has positions in Amazon and Microsoft. The Motley Fool has positions in and recommends Amazon, Apple, Meta Platforms, and Microsoft. The Motley Fool recommends Kenvue. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In today's video, I will cover the top five stocks purchased by both hedge funds and investment firms in the latest quarter, with one being Microsoft (NASDAQ: MSFT). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Amazon, Apple, Meta Platforms, and Microsoft.
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See the 10 stocks *Stock Advisor returns as of November 20, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Amazon, Apple, Meta Platforms, and Microsoft.
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In today's video, I will cover the top five stocks purchased by both hedge funds and investment firms in the latest quarter, with one being Microsoft (NASDAQ: MSFT). See the 10 stocks *Stock Advisor returns as of November 20, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Their opinions remain their own and are unaffected by The Motley Fool.
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12425.0
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2023-11-22 00:00:00 UTC
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3 Incredible Warren Buffett Dividend Stocks to Buy and Hold for the Next Bull Market
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AAPL
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https://www.nasdaq.com/articles/3-incredible-warren-buffett-dividend-stocks-to-buy-and-hold-for-the-next-bull-market
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nan
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nan
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2023 has been a year filled with buzzwords surrounding artificial intelligence. And while the growth prospects around AI are exciting, there are plenty of other investment opportunities for those who may not want the added risk of volatile software businesses in their portfolio.
While the Federal Reserve has worked tirelessly to combat inflation, October's rate of 3.2% is still much higher than the Fed's long-term goal of 2%. The consumer discretionary sector, in particular, has been among the hardest hit during this period of high inflation and elevated borrowing costs. This sector has struggled to generate growth commensurate with prior periods, and not surprisingly, constituent stock prices have fallen.
I'm going to break down three Warren Buffett consumer stocks that could represent unique buying opportunities right now. While the growth may not mimic that of high-flying software businesses, each of the companies is a best-in-class brand and pays a dividend. With some on Wall Street calling for a new bull market, now could be a really opportune time to open or add to positions in the stocks explored below.
1. Coca-Cola
On the surface, investors may think that Coca-Cola's best days are behind it. With weight-loss supplements like Ozempic and Mounjaro more popular than ever, you might think more health-conscious consumers would hurt Coca-Cola's business. It's important to remember, though, that Coca-Cola has an enormous portfolio that spans well beyond soda. The company also owns a number of sports and water brands, as well as coffee and tea products. This diversification has helped the company generate strong revenue and profit growth throughout much of 2023.
Through the first nine months of 2023, Coca-Cola reported total revenue of $34.9 billion which represented 6% growth year over year. While the company's revenue growth rate pales in comparison to technology companies, Coca-Cola operates a massively profitable operation. Through September, Coca-Cola reported net profit of $8.7 billion -- up 16% year over year. Investors can see that even though revenue is only growing in the single digits, Coca-Cola is able to exercise disciplined cost measures and not sacrifice its profitability profile. This is really an incredible feat considering consumers have been scaling back on discretionary items while out shopping given the overall pressures from the macroeconomic environment.
The combination of revenue growth and expanding profits allows Coca-Cola to pass on some of the excess capital to loyal investors in the form of a dividend. Coca-Cola has a long history of not only paying a dividend, but growing it. For this reason, the company has earned an esteemed position as a Dividend King.
The chart below illustrates the total return of Coca-Cola stock against the S&P 500 over the last year. It's easy to see that Coca-Cola stock has vastly underperformed the broader markets. But unlike many of its peers, Coca-Cola raised its financial outlook during the Q3 earnings call. Given the company's upbeat financial guidance coupled with it's impressive liquidity profile and long history of paying a dividend, now looks like an interesting opportunity to scoop up shares in the beverage stock at a bargain price, all while generating some passive income for your portfolio.
KO Total Return Level data by YCharts.
2. McDonald's
It's important to clarify that McDonald's stock is not directly in Buffett's Berkshire Hathaway portfolio. Rather, its position is held in New England Asset Management (NEAM), a subsidiary of Berkshire Hathaway. Nonetheless, just like many of Buffett's holdings, McDonald's also pays a dividend and generates steady growth.
Similar to Coca-Cola, McDonald's has shown some real resiliency this year. Through the nine months ended Sept. 30, McDonald's reported total revenue of $19.1 billion, up 11% year over year. The revenue growth coupled with lower operating expenses has fueled meaningful profit growth for the fast food chain, reporting a 50% increase in net income year over year through September.
Yet despite the company's impressive revenue and profit growth, I'd argue that McDonald's stock is overlooked. The chart below shows the forward price-to-earnings (P/E) for McDonald's benchmarked against a cohort of other fast-food chains. It's easy to see that McDonald's' forward P/E of 23.6 trades in the middle of the comparable companies in this dataset. Moreover, as of the time of this article, McDonald's stock price of $280 is essentially in the middle of its 52-week high and low. At its current stock price, now looks like a terrific opportunity to open a position in McDonald's at a 2% yield.
MCD PE Ratio (Forward) data by YCharts.
Image source: Getty Images.
3. Apple
Buffett was long-known to avoid investing in the technology sector. However, back in 2016 the Oracle of Omaha sent shockwaves around the capital markets after he took a position in Apple. Just like Coca-Cola and McDonald's, Apple is one of the most recognized brands in the world and it pays a dividend. In fact, through subsequent purchases and long-term conviction, Buffett earns nearly $1 billion in passive income per year through Apple's dividend. Given Buffett is known for owning stocks for multiple decades, this figure is set to compound even higher over the years.
AAPL Total Return Level data by YCharts.
The chart above shows the total return of a $10,000 investment in Apple over the last decade. Total return is an important financial measure as it accounts for the reinvestment of dividends. It's easy for investors to see that this illustrative $10,000 investment in Apple stock has resulted in a multi bagger over the last decade. While this is encouraging to see, there are some risk factors for investors to consider.
Apple has struggled to grow its top line for a couple of years now. Unsurprisingly, during prolonged periods of inflation and high interest rates, consumers aren't necessarily rushing out the door to upgrade their cellphones or hardware devices. In other words, Apple devices could be viewed as more of a luxury than a necessity. Nonetheless, one of the bright spots for Apple right now is its services business. This is one of the only areas of Apple's operation that is currently growing on a consistent basis. The best part about this dynamic is that Services has helped fuel meaningful margin expansion, even when other areas of the business have stalled. Moreover, I believe investors can view Services as the primary thread that stitches together the broader fabric of Apple's ecosystem, and it's largely being overlooked.
The overarching theme here is that holding Apple stock over a long-term horizon has proven to be a good idea. The company continues to find ways to generate growth, and consistently rewards shareholders. While its dividend yield of 0.50% is low, many of Apple's tech cohorts don't pay a dividend at all. To me, the stock is trading at a depressed valuation due to lingering concerns over the company's future growth. But from my purview, I think the sentiment is overblown and the stock is oversold. Inflation should continue to cool down, and interest rates will not remain at current levels in perpetuity. When these things occur, I think Apple will begin to see some more rejuvenated demand. For this reason, I'd dollar-cost average into shares now and plan to hold for the long-term, just like Buffett.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Adam Spatacco has positions in Apple. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Chipotle Mexican Grill. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAPL Total Return Level data by YCharts. Given the company's upbeat financial guidance coupled with it's impressive liquidity profile and long history of paying a dividend, now looks like an interesting opportunity to scoop up shares in the beverage stock at a bargain price, all while generating some passive income for your portfolio. In fact, through subsequent purchases and long-term conviction, Buffett earns nearly $1 billion in passive income per year through Apple's dividend.
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AAPL Total Return Level data by YCharts. Through the first nine months of 2023, Coca-Cola reported total revenue of $34.9 billion which represented 6% growth year over year. Through September, Coca-Cola reported net profit of $8.7 billion -- up 16% year over year.
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AAPL Total Return Level data by YCharts. Through the first nine months of 2023, Coca-Cola reported total revenue of $34.9 billion which represented 6% growth year over year. Given the company's upbeat financial guidance coupled with it's impressive liquidity profile and long history of paying a dividend, now looks like an interesting opportunity to scoop up shares in the beverage stock at a bargain price, all while generating some passive income for your portfolio.
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AAPL Total Return Level data by YCharts. McDonald's It's important to clarify that McDonald's stock is not directly in Buffett's Berkshire Hathaway portfolio. Nonetheless, just like many of Buffett's holdings, McDonald's also pays a dividend and generates steady growth.
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12426.0
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2023-11-22 00:00:00 UTC
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Should You Invest in the Invesco Dorsey Wright Technology Momentum ETF (PTF)?
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AAPL
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https://www.nasdaq.com/articles/should-you-invest-in-the-invesco-dorsey-wright-technology-momentum-etf-ptf-0
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nan
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nan
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The Invesco Dorsey Wright Technology Momentum ETF (PTF) was launched on 10/12/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $322.09 million, making it one of the average sized ETFs attempting to match the performance of the Technology - Broad segment of the equity market. PTF seeks to match the performance of the DWA Technology Technical Leaders Index before fees and expenses.
The Dorsey Wright??Technology Technical Leaders Index identifies companies that are showing relative strength and are composed of at least 30 common stocks from a universe of approximately 3,000 common stocks traded on US exchanges.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.60%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.08%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 92.60% of the portfolio.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Cadence Design Systems Inc (CDNS) and Nvidia Corp (NVDA).
The top 10 holdings account for about 41.27% of total assets under management.
Performance and Risk
The ETF return is roughly 22.69% so far this year and it's up approximately 16.19% in the last one year (as of 11/22/2023). In that past 52-week period, it has traded between $36.79 and $51.92.
The ETF has a beta of 1.21 and standard deviation of 34.70% for the trailing three-year period, making it a high risk choice in the space. With about 35 holdings, it has more concentrated exposure than peers.
Alternatives
Invesco Dorsey Wright Technology Momentum ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, PTF is a great option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $54.51 billion in assets, Vanguard Information Technology ETF has $54.97 billion. XLK has an expense ratio of 0.10% and VGT charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Invesco Dorsey Wright Technology Momentum ETF (PTF): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
Vanguard Information Technology ETF (VGT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Cadence Design Systems Inc (CDNS) and Nvidia Corp (NVDA). Click to get this free report Invesco Dorsey Wright Technology Momentum ETF (PTF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency.
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Click to get this free report Invesco Dorsey Wright Technology Momentum ETF (PTF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Cadence Design Systems Inc (CDNS) and Nvidia Corp (NVDA). The Invesco Dorsey Wright Technology Momentum ETF (PTF) was launched on 10/12/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
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Click to get this free report Invesco Dorsey Wright Technology Momentum ETF (PTF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Cadence Design Systems Inc (CDNS) and Nvidia Corp (NVDA). Alternatives Invesco Dorsey Wright Technology Momentum ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Cadence Design Systems Inc (CDNS) and Nvidia Corp (NVDA). Click to get this free report Invesco Dorsey Wright Technology Momentum ETF (PTF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. The Invesco Dorsey Wright Technology Momentum ETF (PTF) was launched on 10/12/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
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12427.0
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2023-11-22 00:00:00 UTC
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Should You Invest in the Vanguard Information Technology ETF (VGT)?
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AAPL
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https://www.nasdaq.com/articles/should-you-invest-in-the-vanguard-information-technology-etf-vgt-9
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nan
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nan
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Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the Vanguard Information Technology ETF (VGT), a passively managed exchange traded fund launched on 01/26/2004.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Vanguard. It has amassed assets over $54.97 billion, making it the largest ETF attempting to match the performance of the Technology - Broad segment of the equity market. VGT seeks to match the performance of the MSCI US Investable Market Information Technology 25/50 Index before fees and expenses.
The MSCI US Investable Market Information Technology 25/50 Index is designed to transition in and out of securities affected by pending updates to the information technology sector.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.10%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.70%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 100% of the portfolio.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.72% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA).
The top 10 holdings account for about 60.70% of total assets under management.
Performance and Risk
Year-to-date, the Vanguard Information Technology ETF return is roughly 44.30% so far, and was up about 38.01% over the last 12 months (as of 11/22/2023). VGT has traded between $311.10 and $462.42 in this past 52-week period.
The ETF has a beta of 1.15 and standard deviation of 25.16% for the trailing three-year period, making it a medium risk choice in the space. With about 325 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Information Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VGT is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
IShares U.S. Technology ETF (IYW) tracks Dow Jones U.S. Technology Index and the Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index. IShares U.S. Technology ETF has $13.08 billion in assets, Technology Select Sector SPDR ETF has $54.51 billion. IYW has an expense ratio of 0.40% and XLK charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vanguard Information Technology ETF (VGT): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
iShares U.S. Technology ETF (IYW): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.72% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Click to get this free report Vanguard Information Technology ETF (VGT): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports To read this article on Zacks.com click here. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency.
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Click to get this free report Vanguard Information Technology ETF (VGT): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.72% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). IShares U.S. Technology ETF (IYW) tracks Dow Jones U.S. Technology Index and the Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index.
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Click to get this free report Vanguard Information Technology ETF (VGT): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.72% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Alternatives Vanguard Information Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.72% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Click to get this free report Vanguard Information Technology ETF (VGT): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports To read this article on Zacks.com click here. You should consider the Vanguard Information Technology ETF (VGT), a passively managed exchange traded fund launched on 01/26/2004.
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12428.0
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2023-11-22 00:00:00 UTC
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Is Schwab Fundamental U.S. Broad Market Index ETF (FNDB) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-schwab-fundamental-u.s.-broad-market-index-etf-fndb-a-strong-etf-right-now-10
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nan
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nan
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Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Broad Market Index ETF (FNDB) provides investors broad exposure to the Style Box - All Cap Value category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
Because the fund has amassed over $583.54 million, this makes it one of the larger ETFs in the Style Box - All Cap Value. FNDB is managed by Charles Schwab. Before fees and expenses, this particular fund seeks to match the performance of the Russell RAFI US Index.
The Russell RAFI US Index measures the performance of the constituent companies by fundamental overall company scores.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
With on par with most peer products in the space, this ETF has annual operating expenses of 0.25%.
The fund has a 12-month trailing dividend yield of 1.89%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector - about 18.30% of the portfolio. Financials and Industrials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.16% of total assets, followed by Microsoft Corp (MSFT) and Berkshire Hathaway Inc Class B (BRK/B).
Its top 10 holdings account for approximately 19.09% of FNDB's total assets under management.
Performance and Risk
So far this year, FNDB has added about 10.21%, and was up about 7.27% in the last one year (as of 11/22/2023). During this past 52-week period, the fund has traded between $51.70 and $58.95.
The fund has a beta of 1.03 and standard deviation of 16.70% for the trailing three-year period, which makes FNDB a medium risk choice in this particular space. With about 1718 holdings, it effectively diversifies company-specific risk.
Alternatives
Schwab Fundamental U.S. Broad Market Index ETF is an excellent option for investors seeking to outperform the Style Box - All Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
Dimensional U.S. Targeted Value ETF (DFAT) tracks ---------------------------------------- and the iShares Core S&P U.S. Value ETF (IUSV) tracks S&P 900 Value Index. Dimensional U.S. Targeted Value ETF has $8.44 billion in assets, iShares Core S&P U.S. Value ETF has $14.27 billion. DFAT has an expense ratio of 0.28% and IUSV charges 0.04%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - All Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Schwab Fundamental U.S. Broad Market Index ETF (FNDB): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports
Dimensional U.S. Targeted Value ETF (DFAT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.16% of total assets, followed by Microsoft Corp (MSFT) and Berkshire Hathaway Inc Class B (BRK/B). Click to get this free report Schwab Fundamental U.S. Broad Market Index ETF (FNDB): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports Dimensional U.S. On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
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Click to get this free report Schwab Fundamental U.S. Broad Market Index ETF (FNDB): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports Dimensional U.S. Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.16% of total assets, followed by Microsoft Corp (MSFT) and Berkshire Hathaway Inc Class B (BRK/B). Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Broad Market Index ETF (FNDB) provides investors broad exposure to the Style Box - All Cap Value category of the market.
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Click to get this free report Schwab Fundamental U.S. Broad Market Index ETF (FNDB): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports Dimensional U.S. Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.16% of total assets, followed by Microsoft Corp (MSFT) and Berkshire Hathaway Inc Class B (BRK/B). Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Broad Market Index ETF (FNDB) provides investors broad exposure to the Style Box - All Cap Value category of the market.
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Click to get this free report Schwab Fundamental U.S. Broad Market Index ETF (FNDB): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports Dimensional U.S. Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.16% of total assets, followed by Microsoft Corp (MSFT) and Berkshire Hathaway Inc Class B (BRK/B). Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Broad Market Index ETF (FNDB) provides investors broad exposure to the Style Box - All Cap Value category of the market.
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12429.0
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2023-11-22 00:00:00 UTC
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Should You Invest in the iShares U.S. Technology ETF (IYW)?
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AAPL
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https://www.nasdaq.com/articles/should-you-invest-in-the-ishares-u.s.-technology-etf-iyw-10
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nan
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nan
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Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the iShares U.S. Technology ETF (IYW), a passively managed exchange traded fund launched on 05/15/2000.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $13.08 billion, making it one of the largest ETFs attempting to match the performance of the Technology - Broad segment of the equity market. IYW seeks to match the performance of the Dow Jones U.S. Technology Index before fees and expenses.
The Russell 1000 Technology RIC 22.5/45 Capped Index includes companies in the following sectors: software and computer services and technology hardware and equipment. The Index is capitalization-weighted and includes only companies in the technology industry of the Dow Jones U.S. Total Market Index.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.40%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 0.35%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 84.60% of the portfolio. Telecom and Industrials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 18.15% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Class A (GOOGL).
The top 10 holdings account for about 63.80% of total assets under management.
Performance and Risk
Year-to-date, the iShares U.S. Technology ETF return is roughly 57.14% so far, and was up about 50.36% over the last 12 months (as of 11/22/2023). IYW has traded between $72.40 and $117.62 in this past 52-week period.
The ETF has a beta of 1.13 and standard deviation of 26.46% for the trailing three-year period, making it a medium risk choice in the space. With about 140 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares U.S. Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IYW is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. Technology Select Sector SPDR ETF has $54.51 billion in assets, Vanguard Information Technology ETF has $54.97 billion. XLK has an expense ratio of 0.10% and VGT charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
iShares U.S. Technology ETF (IYW): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard Information Technology ETF (VGT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 18.15% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Class A (GOOGL). Click to get this free report iShares U.S. Technology ETF (IYW): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency.
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Click to get this free report iShares U.S. Technology ETF (IYW): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 18.15% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Class A (GOOGL). Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index.
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Click to get this free report iShares U.S. Technology ETF (IYW): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 18.15% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Class A (GOOGL). Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology ETF (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 18.15% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Class A (GOOGL). Click to get this free report iShares U.S. Technology ETF (IYW): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. The Index is capitalization-weighted and includes only companies in the technology industry of the Dow Jones U.S. Total Market Index.
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12430.0
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2023-11-22 00:00:00 UTC
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Should Schwab U.S. Large-Cap Growth ETF (SCHG) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-schwab-u.s.-large-cap-growth-etf-schg-be-on-your-investing-radar-4
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nan
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nan
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Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Schwab U.S. Large-Cap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
The fund is sponsored by Charles Schwab. It has amassed assets over $21.39 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
Why Large Cap Growth
Large cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Further, growth stocks have a higher level of volatility associated with them. Compared to value stocks, growth stocks are a safer bet in a strong bull market, but don't perform as strongly in almost all other financial environments.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.43%.
Sector Exposure and Top Holdings
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 46.20% of the portfolio. Telecom and Healthcare round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.29% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA).
The top 10 holdings account for about 55.24% of total assets under management.
Performance and Risk
SCHG seeks to match the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index before fees and expenses. The Dow Jones U.S. Large-Cap Growth Total Stock Market Index is float-adjusted market-capitalization weighted and includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index.
The ETF has added roughly 43.50% so far this year and was up about 37.44% in the last one year (as of 11/22/2023). In the past 52-week period, it has traded between $54.19 and $79.67.
The ETF has a beta of 1.08 and standard deviation of 23.53% for the trailing three-year period, making it a medium risk choice in the space. With about 243 holdings, it effectively diversifies company-specific risk.
Alternatives
Schwab U.S. Large-Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SCHG is a great option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $98.53 billion in assets, Invesco QQQ has $221.16 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Schwab U.S. Large-Cap Growth ETF (SCHG): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Vanguard Growth ETF (VUG): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.29% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report Schwab U.S. Large-Cap Growth ETF (SCHG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. You should consider the Schwab U.S. Large-Cap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
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Click to get this free report Schwab U.S. Large-Cap Growth ETF (SCHG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.29% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Performance and Risk SCHG seeks to match the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index before fees and expenses.
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Click to get this free report Schwab U.S. Large-Cap Growth ETF (SCHG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.29% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). The Dow Jones U.S. Large-Cap Growth Total Stock Market Index is float-adjusted market-capitalization weighted and includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.29% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report Schwab U.S. Large-Cap Growth ETF (SCHG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. You should consider the Schwab U.S. Large-Cap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
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12431.0
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2023-11-21 00:00:00 UTC
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AAPL Quantitative Stock Analysis
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AAPL
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https://www.nasdaq.com/articles/aapl-quantitative-stock-analysis-6
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12432.0
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2023-11-21 00:00:00 UTC
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EXPLAINER-What is Black Friday? And will shoppers find bargains this year?
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https://www.nasdaq.com/articles/explainer-what-is-black-friday-and-will-shoppers-find-bargains-this-year-1
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By Juveria Tabassum, Savyata Mishra
Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, Black Friday normally marks the unofficial start of the Christmas shopping season.
Retailers in the U.S., Europe and elsewhere will be trying to cash in on the hoopla. Here is what to expect from Black Friday 2023.
WHY IS IT CALLED 'BLACK' FRIDAY?
Starting around the 1960s and early 1970s, police and bus drivers in Philadelphia used the term "Black Friday" to refer to the chaos an influx of people to the city created before the Thanksgiving weekend. Visitors would trawl the stores in Philadelphia on Friday with their Christmas lists looking for gifts. Shoplifting and parking violations ensued.
Department stores re-branded the term to "Big Friday" to put a more positive spin on it. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
"What we know is Black Friday, because it's so ceremonial, we get more people participating in it," Collins said.
WHAT ARE RETAILERS' PLANS THIS YEAR?
Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
Such early promotions could help them measure shopper demand and avoid product shortages, which could be a big problem this year. Water levels in a key shipping artery, the Panama Canal, have dropped due to a severe drought, cutting the number of ships carrying merchandise through it.
Many retailers in the U.S. intentionally muted their holiday hiring plans. Labor shortages are also a challenge for retailers in Europe, meaning shoppers could find fewer staff to help them.
ARE BLACK FRIDAY CROWDS LIKELY THIS YEAR?
Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF). Thanksgiving weekend, which encompasses Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the United States.
But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas falling on a Monday, the "procrastination factor (is) even greater because shoppers can wait until Saturday or Sunday" before Christmas to get gifts, she said this week.
Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
Wet weather, which deterred in-store traffic in some parts of the U.S. last year on Black Friday morning, is largely not expected this year, according AccuWeather.
Although most U.S. stores will be closed on Thanksgiving again this year, opening for shoppers at 5 a.m. or 6 a.m on Friday, some retailers are advertising discounts online that kick in starting at 12:01 a.m. on Thanksgiving.
Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99.
Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores. In the past decade, Americans' Black Friday purchases online have more than tripled, reaching $9.12 billion on the day last year, according to data from Adobe Analytics.
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR?
Several major retailers from Dollar General DG.N to Walmart WMT.N and Macy's M.N could be saddled with too much stock for a second straight year, according to a Reuters analysis. They likely will need to offer discounts in order to drive shoppers to their stores and websites.
Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year.
Adobe said online discounts were expected to be as steep as 35% on toys, 24% on sporting goods and 19% on furniture.
HOW MUCH ARE SHOPPERS EXPECTED TO SPEND?
Holiday sales online and in U.S. stores are expected to rise between 3% and 4% during November and December, their slowest pace in five years, according to a forecast by the NRF.
Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics.
In the United Kingdom, online spending during Black Friday is expected to rise 4.5% to 1.05 billion pounds ($1.30 billion), with total sales over the Cyber Weekend reaching 3.8 billion pounds, according to an Adobe forecast.
WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS?
With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
Consumers were looking to make the most of promotional events and wrap up their shopping in just 5.8 weeks this year, when compared to a 7.4-week window pre-pandemic, according to data from Deloitte.
WHAT ITEMS ARE HOT FOR BLACK FRIDAY THIS YEAR?
IPhones will be hot again, with the recent launch of the iPhone 15. Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China.
Electronics are expected to be the top pick this shopping season, with estimates of a 6% growth, according to a report by Mastercard.
Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2", though the retailer on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand.
Skin and hair care products remain popular, with Ulta Beauty offering up to 40% discount on CoverGirl and Lancome mascaras, Bobbi Brown concealers and select products of its own label.
WHAT ARE RETAILERS SAYING ABOUT THIS YEAR'S BLACK FRIDAY?
Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday. "We're in the midst of that along with our competitors, customers are taking advantage of that."
Mattel President Steve Totzke told Reuters on Monday that he is expecting a strong Black Friday and run-up to the holidays even as the toymaker warned of slowing demand for the toy industry last month.
($1 = 0.8048 pounds)
(Reporting by Juveria Tabassum and Savyata Mishra in Bengaluru, Richa Naidu in London, additional reporting by Helen Reid in London; Editing by Josie Kao)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season. Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2", though the retailer on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Here is what to expect from Black Friday 2023. Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF).
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12433.0
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2023-11-21 00:00:00 UTC
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Can TSLA Stock 2X Your Money? Here’s How High It Can Climb
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AAPL
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https://www.nasdaq.com/articles/can-tsla-stock-2x-your-money-heres-how-high-it-can-climb
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Tesla (NASDAQ:TSLA) stock has been under quite the spell in recent weeks. However, a turnaround seems to have started as more investors realize the long-term potential with this industry-leading EV giant. Of course, we must address the elephant in the room first.
Elon Musk’s latest earnings call was not the best for Tesla shareholders. To many, Elon came across as excessively bearish, ranting about macroeconomics and a possible economic slump rather than focusing on Tesla’s financials. From a neutral perspective, this is not what you want to hear from any CEO. But again, this is Elon we’re talking about. He’s no stranger to controversy.
Regardless, Mr. Market did not take kindly to his comments, with Tesla stock tumbling over 20% in the following days. As I wrote then, it was a golden buying opportunity. The stock has since bottomed out and recovered somewhat. Let’s explore where it can go from here.
Recent Developments Create Uncertainty for TSLA Stock, But Upside Remains
Predicting near-term market moves is challenging. Tesla may still be at an inflection point as investors digest bearish market sentiment and examine the broader economy. Interest rates will likely stay high for a while, substantial weakening GDP and the jobs market. This could put some pressure on Tesla.
However, my bullish argument for Tesla focuses on its long-term prospects. Current interest rate pressures and concerns about temporarily softening EV sales seem immaterial when looking out five years. I simply see no serious competition emerging in the U.S., which should remain the premier global economic powerhouse this decade. Even in Europe and China, Tesla has thrived.
Most U.S. rivals appear hopeless due to profitability struggles. BYD (OTCMKTS:BYDDF) is Tesla’s main international competitor but has no chance in America. I’ve previously compared Tesla to Apple (NASDAQ:AAPL), a premium brand in a hot new market with no real competitor. This seems apt, with Tesla seeing strong growth, despite economic pressures.
The EV shift has barely begun, with EVs constituting just 1% of vehicles right now. Tesla can scale immensely this decade as conditions improve. Of course, it’s already a $700 billion company, so multi-bagger gains are unlikely in the short-term. But I believe triple-digit upside is achievable if you hold for years.
Tesla’s Strong Long-Term Growth Prospects Remain Intact
Tesla’s earnings per share are estimated to double from 2023 to 2026, taking its forward price-earnings ratio from 67-times to 30-times. Analysts see over $18.57 in earnings per share by 2032, nearly 6-times current levels. Much of this growth is priced in, but TSLA stock should have ample runway even in a decade.
New artificial intelligence technologies could spur more products, such as robots. Even 20% annual top-line growth would give Tesla sales approximating its current market cap by 2032. This seems pessimistic to me, given easing rates and momentum should accelerate growth. But even at that pace, Tesla has legs.
Naturally, nothing is guaranteed. Perhaps competition emerges or Tesla stumbles on execution. But indicators suggest Tesla retains pole position to ride the EV wave upwards for years to come.
Right now, sentiment has soured a bit due to the outlook for the economy and possibly some EV saturation in the near term. But the long view looks promising. As Warren Buffett says, be greedy when others are fearful. Being able to buy TSLA stock at under $200 per share seems like one of those moments.
Patience and Perspective Are Key
In investing, patience and perspective are crucial. Tesla is exceedingly volatile, with its CEO often triggering massive swings. But focusing on the long-term growth story helps investors navigate the ups and downs.
Tesla has a first-mover advantage in a rapidly expanding market. The company is executing well, with industry-leading technology, brand power, and vision. Mistakes happen, but Tesla continues reaching milestones that cement its leadership. Compelling companies sometimes have bumpy rides. For example, Amazon (NASDAQ:AMZN) fell 90% during the dot-com crash before rising 33,000% since. Netflix (NASDAQ:NFLX) lost 80% of its value in 2011-12 amid strategic pivots before appreciating more than 8,700% at its peak.
Obviously, Tesla can’t deliver quadruple-digit gains with its current market cap. But it definitely reflects those stories – temporary issues masking enormous potential.
TSLA Stock Five-Year Price Target: How High Will It Be?
In five years, I think TSLA stock can realistically reach $450-$600 per share, barring a recession or some major Elon controversy. Yes, Tesla can double from here, but that requires holding through near-term turbulence. You must decide if that’s worthwhile.
Personally, TSLA stock at $220 looks like a bargain for long-horizon investors. Eventually, the disconnect between Tesla’s operational performance and that of its stock price should narrow substantially. That process won’t be linear. But buying elite growth companies when they stumble often yields great returns over time. In my opinion, Tesla fits that bill today.
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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The post Can TSLA Stock 2X Your Money? Here’s How High It Can Climb appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I’ve previously compared Tesla to Apple (NASDAQ:AAPL), a premium brand in a hot new market with no real competitor. Recent Developments Create Uncertainty for TSLA Stock, But Upside Remains Predicting near-term market moves is challenging. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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I’ve previously compared Tesla to Apple (NASDAQ:AAPL), a premium brand in a hot new market with no real competitor. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla (NASDAQ:TSLA) stock has been under quite the spell in recent weeks. Recent Developments Create Uncertainty for TSLA Stock, But Upside Remains Predicting near-term market moves is challenging.
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I’ve previously compared Tesla to Apple (NASDAQ:AAPL), a premium brand in a hot new market with no real competitor. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla (NASDAQ:TSLA) stock has been under quite the spell in recent weeks. Regardless, Mr. Market did not take kindly to his comments, with Tesla stock tumbling over 20% in the following days.
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I’ve previously compared Tesla to Apple (NASDAQ:AAPL), a premium brand in a hot new market with no real competitor. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla (NASDAQ:TSLA) stock has been under quite the spell in recent weeks. The company is executing well, with industry-leading technology, brand power, and vision.
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12434.0
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2023-11-21 00:00:00 UTC
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More ‘S’ Could Accelerate ESG ETF Adoption
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AAPL
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https://www.nasdaq.com/articles/more-s-could-accelerate-esg-etf-adoption
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The landscape for environmental, social and governance (ESG) investing is evolving and so are market participants’ demands. While the “E” hasn’t entirely been solved, it’s been well-addressed. With that, more attention is shifting to social issues.
Increased corporate awareness and effort on the social front could be a catalyst for ESG ETF adoption, potentially stoking demand for products such as the Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and the Invesco ESG Nasdaq 100 ETF (QQMG).
ESG ETFs, including QQJG and QQMG, could be pertinent to asset allocators as social awareness blooms. That's because the subject takes on a variety of forms and issues, and its definition isn’t linear. QQJG and QQMG potentially enjoy advantages at a time when social investing is increasingly important because the funds are backed by clear ESG ratings scores.
Social Matters in ESG in Focus
While ESG investing isn’t a new concept, focus on the “S” is because environmental and strong governance standards have long been in focus.
“For years, the social pillar has been considered relatively nebulous and hard to quantify. BNP Paribas found in 2021 that more than half of the 350 institutional investors around the globe surveyed believed the “S” was the most difficult to analyze and integrate,” reported Alex Harring for CNBC.
The importance of socially aware investing is increasing. Therefore, so could the allure of easy-to-understand products such as QQJG and QQMG. That's because there are complexities associated with making social investing appealing to the a broad swath of retail investors.
“While data around human capital and diversity has improved over the past several years, investing professionals still see a lack of standardized information that can make social themes harder to integrate. The patchwork of data can also make apples-to-apples comparisons between competing companies more difficult,” according to CNBC.
QQJG and QQMG enjoy other benefits. Notably, the pair of Invesco ETFs both track indexes that are ESG descendants of the widely observed Nasdaq-100 Index (NDX). That level of familiarity, particularly with the large-cap QQMG, can provide new ESG investors with a level of comfort as they embark upon socially aware investing journeys.
As noted above, QQJG and QQMG are index-based funds, but there are lessons from the world of active management. Some of the most widely held stocks at actively managed socially directed funds include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META). That quartet combines for over 32% of the QQMG portfolio.
For more news, information, and analysis, visit the ETF Education Channel.
Read more on ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of the most widely held stocks at actively managed socially directed funds include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META). QQJG and QQMG potentially enjoy advantages at a time when social investing is increasingly important because the funds are backed by clear ESG ratings scores. BNP Paribas found in 2021 that more than half of the 350 institutional investors around the globe surveyed believed the “S” was the most difficult to analyze and integrate,” reported Alex Harring for CNBC.
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Some of the most widely held stocks at actively managed socially directed funds include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META). The landscape for environmental, social and governance (ESG) investing is evolving and so are market participants’ demands. Increased corporate awareness and effort on the social front could be a catalyst for ESG ETF adoption, potentially stoking demand for products such as the Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and the Invesco ESG Nasdaq 100 ETF (QQMG).
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Some of the most widely held stocks at actively managed socially directed funds include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META). Increased corporate awareness and effort on the social front could be a catalyst for ESG ETF adoption, potentially stoking demand for products such as the Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and the Invesco ESG Nasdaq 100 ETF (QQMG). QQJG and QQMG potentially enjoy advantages at a time when social investing is increasingly important because the funds are backed by clear ESG ratings scores.
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Some of the most widely held stocks at actively managed socially directed funds include Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META). Increased corporate awareness and effort on the social front could be a catalyst for ESG ETF adoption, potentially stoking demand for products such as the Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and the Invesco ESG Nasdaq 100 ETF (QQMG). The importance of socially aware investing is increasing.
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12435.0
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2023-11-21 00:00:00 UTC
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Apple (NASDAQ:AAPL): Boring, But Commands Massive Pricing Power
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AAPL
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https://www.nasdaq.com/articles/apple-nasdaq%3Aaapl%3A-boring-but-commands-massive-pricing-power
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nan
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nan
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As one of the top consumer technology companies in the world, Apple (NASDAQ:AAPL) faces a distinct conundrum. Being a mature and established enterprise lends Apple to criticism that it’s boring. At the same time, pressure on the consumer economy implies a loss of relevance. Still, the company commands massive pricing power, making it a worthwhile investment to consider. I am bullish on AAPL stock for its resilience under pressure.
Breaking Down AAPL's Recent Results
For starters, Apple’s most recent earnings print for its fourth quarter of Fiscal 2023 provided a confidence boost for investors. Heading into the report, confidence was generally high. However, analysts pointed to concerns about weakness in the company’s hardware sales. That’s not surprising, given global demand worries – particularly in China – as well as supply constraint issues. Still, Apple delivered the goods like it usually does.
As TipRanks contributor Abdulrasaq Ariwoola reported, earnings per share landed at $1.46, beating the consensus target of $1.39 per share. On the top line, sales did happen to decrease 0.7% on a year-over-year basis to $89.46 billion. Nevertheless, this tally slightly exceeded analysts’ expectations, which called for $89.28 billion.
As for the hardware components, Apple’s iPhone sales rang up $43.81 billion, in line with Wall Street’s projections. In addition, this print represented a 2% lift from the year-ago quarter’s tally. Similarly, iPad revenue enjoyed an encouraging performance, reaching $6.44 billion, which beat the consensus view of $6.07 billion.
In fairness, it wasn’t all positive for AAPL stock. Sales related to Apple’s Mac computers slipped, coming out to $7.61 billion against an expected $8.63 billion. Further, to Ariwoola’s point, shares initially fell in after-hours trading following the earnings disclosure.
That could be due to options market dynamics. Both before and after the disclosure, options flow data showed bearish trades – both bought puts and sold calls – that may have impacted sentiment. Still, it appears that the power of the fundamentals has taken over the narrative.
Gross Margin Trend Confirms Apple’s Pricing Power
As impressive as the Fiscal Q4 print was for Apple, what could really drive AAPL stock higher for the long haul could be its pricing power. To be clear, no company is completely immune from outside pressures. For example, inflation remains stubbornly high. If the Federal Reserve wants to take the gloves off with aggressively higher interest rates, that could roil the economy.
Nevertheless, the company’s gross margin continues to march higher despite obvious headwinds impacting the consumer economy. In Fiscal Q4, Apple posted a gross margin of 45.2%. In the year-ago quarter, this metric sat at 42.3%. This is a strong indicator that, irrespective of increased prices, consumers will continue to buy Apple products. That bodes very well for AAPL stock.
Since Q4 of Fiscal 2020, when Apple’s gross margin landed at 38.2%, this metric has witnessed a dramatic surge higher. In a hyperbolic sense, the company enjoys the license to print money. Of course, as the Mac sales decline shows, Apple can’t afford to casually drop the ball. However, the fact that so many people continue to buy the firm's products in large quantities demonstrates practically unparalleled influence.
Let’s face it – there’s not much distinguishing one smart device brand from another these days. Nevertheless, Apple benefits from a social cachet that its rivals lack. Not even inflationary economic conditions can dent this market presence. That’s a huge positive for AAPL stock.
Not Cheap, but Effective
If one knock does exist about AAPL stock, it’s that the security trades at a high earnings premium. Right now, the market prices AAPL at about a trailing-year multiple of 31x. Generally speaking, Apple falls under the computer hardware sector, which runs a price/earnings ratio of 18.5x.
At the same time, the bullish argument for AAPL stock centers on the predictability of the earnings trajectory. Facing uncertain market conditions, business predictability should command a higher premium over enterprises that are merely cheap. Given Apple’s consistent strengths amid widespread pressure, that’s a premium worth absorbing.
Is AAPL Stock a Buy, According to Analysts?
Turning to Wall Street, AAPL stock has a Strong Buy consensus rating based on 25 Buys, eight Holds, and zero Sell ratings. The average AAPL stock price target is $201.99, implying 5.95% upside potential.
The Takeaway: AAPL Stock is Boring but Dependable
As an established player, no one should expect AAPL stock to be an exciting investment. However, for those concerned about the ambiguities of what may lie ahead in the new year, Apple brings a strong platform to the table. With the company consistently attracting consumer dollars despite significant headwinds, AAPL stock is worthy of consideration.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As one of the top consumer technology companies in the world, Apple (NASDAQ:AAPL) faces a distinct conundrum. I am bullish on AAPL stock for its resilience under pressure. Breaking Down AAPL's Recent Results For starters, Apple’s most recent earnings print for its fourth quarter of Fiscal 2023 provided a confidence boost for investors.
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Turning to Wall Street, AAPL stock has a Strong Buy consensus rating based on 25 Buys, eight Holds, and zero Sell ratings. As one of the top consumer technology companies in the world, Apple (NASDAQ:AAPL) faces a distinct conundrum. I am bullish on AAPL stock for its resilience under pressure.
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As one of the top consumer technology companies in the world, Apple (NASDAQ:AAPL) faces a distinct conundrum. Gross Margin Trend Confirms Apple’s Pricing Power As impressive as the Fiscal Q4 print was for Apple, what could really drive AAPL stock higher for the long haul could be its pricing power. The Takeaway: AAPL Stock is Boring but Dependable As an established player, no one should expect AAPL stock to be an exciting investment.
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Gross Margin Trend Confirms Apple’s Pricing Power As impressive as the Fiscal Q4 print was for Apple, what could really drive AAPL stock higher for the long haul could be its pricing power. Is AAPL Stock a Buy, According to Analysts? As one of the top consumer technology companies in the world, Apple (NASDAQ:AAPL) faces a distinct conundrum.
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12436.0
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2023-11-21 00:00:00 UTC
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Global smartphone market sees growth after over 2 years in October - Counterpoint
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AAPL
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https://www.nasdaq.com/articles/global-smartphone-market-sees-growth-after-over-2-years-in-october-counterpoint
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nan
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nan
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Nov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research.
The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth.
The global smartphone sales have been under stress for last two years affected by various issues starting with component shortages, inventory build-up and lengthening of replacement cycles, Counterpoint said in its report.
"Following strong growth in October, we expect the market to grow year-on-year in the fourth quarter of 2023 as well, setting the market on the path to gradual recovery in the coming quarters," the market research firm said.
The growth, which was last seen in June 2021 coming from a COVID-19 induced pent up demand, has now been led by emerging markets with a continuous recovery in the Middle East and Africa, Huawei's comeback in China and onset of festive season in India, it added.
Huawei's China smartphone sales grew strongly in the third quarter, surging 37%, as shoppers snapped up its Mate 60 series phones.
The developed markets with relatively higher smartphone saturation have been slower to recover, the report said, but it cited the launch of Apple's AAPL.O iPhone 15 series as another factor for the growth.
(Reporting by Baranjot Kaur in Bengaluru; Editing by Rashmi Aich)
((Baranjot.Kaur@thomsonreuters.com; +91 86990 46242;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The developed markets with relatively higher smartphone saturation have been slower to recover, the report said, but it cited the launch of Apple's AAPL.O iPhone 15 series as another factor for the growth. The global smartphone sales have been under stress for last two years affected by various issues starting with component shortages, inventory build-up and lengthening of replacement cycles, Counterpoint said in its report. The growth, which was last seen in June 2021 coming from a COVID-19 induced pent up demand, has now been led by emerging markets with a continuous recovery in the Middle East and Africa, Huawei's comeback in China and onset of festive season in India, it added.
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The developed markets with relatively higher smartphone saturation have been slower to recover, the report said, but it cited the launch of Apple's AAPL.O iPhone 15 series as another factor for the growth. Nov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth.
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The developed markets with relatively higher smartphone saturation have been slower to recover, the report said, but it cited the launch of Apple's AAPL.O iPhone 15 series as another factor for the growth. Nov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth.
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The developed markets with relatively higher smartphone saturation have been slower to recover, the report said, but it cited the launch of Apple's AAPL.O iPhone 15 series as another factor for the growth. Nov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth.
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12437.0
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2023-11-21 00:00:00 UTC
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2023 Winners: 7 Stocks That Will Continue to Dominate in 2024
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AAPL
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https://www.nasdaq.com/articles/2023-winners%3A-7-stocks-that-will-continue-to-dominate-in-2024
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While 2023 has been a difficult year to navigate, certain stock winners should continue to dominate when the calendar turns to January. To be sure, it’s always good to do a health checkup of your portfolio and consider rotating in and out of particular entities. However, the below enterprises could still do well on autopilot.
Specifically, I’m looking at some of the compelling (in my opinion) companies on Barnkrate’s list of top stocks to buy. These ideas stem from the benchmark S&P 500 index. So, just from that alone, you should have confidence in the blue-chip enterprises. Further, I have arranged from low to high the year-to-date performance as of the Oct. 31 close.
Of course, no one really knows what will happen in 2024. Therefore, when I say that these are the best stocks to buy, do note I’m taking creative liberties. That said, I’ll do my best to provide a quantifiable and fundamental reason for my optimism.
With that, below are the stock winners of 2023 that can extend into 2024.
Stock Winners: Apple (AAPL)
Source: askarim / Shutterstock
As a consumer technology giant, it’s easily understandable why Apple (NASDAQ:AAPL) ranks among the stock winners. But can it really push into next year? After all, it’s not uncommon for even the most popular enterprises to incur a healthy correction. Following a 31.4% return (again, as of Oct. 31), AAPL may be due for a corrective lull.
However, I’m not really seeing evidence of that. Sure, you can point to revenue of $89.5 billion in the third quarter – a dip from the $90.15 billion posted in the year-ago period – as confirmation of slight sales constriction. However, the gross margin popped up to 45.17% in the latest Q3 report. That’s noticeably above the 42.26% figure posted in Q3 2022.
Yes, you are paying a premium for this level of outperformance. For example, AAPL trades at a forward earnings ratio of 28.54x, which is overheated. Still, this is a brand that people are forking over their money irrespective of tough economic conditions such as inflation.
Analysts view shares as a strong buy with a $201.49 average price target.
Alphabet (GOOG, GOOGL)
Source: IgorGolovniov / Shutterstock.com
Admittedly not one of the most exciting ideas among stock winners, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) nevertheless commands serious respect. As I’ve stated before, Alphabet’s Google ecosystem owns the Internet. Don’t believe me? Check out the search engine market share data, which sees Google owning 91.55% of the sector. And that’s with the best that Russia and China have to offer.
It’s almost inevitable that chants of “USA!, USA!, USA!” are erupting somewhere, if only in the mind. While it might be annoying for fans of other countries, with internet technology, Alphabet reigns supreme. So, with GOOG/GOOGL gaining about 41% since the January opener, it’s a completely credible performance. In my opinion, it should push over into 2024.
Here, Alphabet’s top line and gross margin increases are impressive. In Q3, the company posted $76.7 billion in revenue, up from $69.1 billion in the year-ago quarter. Gross margin clocked in at 56.7%, noticeably above the 54.9% from one year ago. Yeah, you’re paying a forward earnings premium of 20.19X, which isn’t bad for the dominance.
Analysts peg GOOG a consensus strong buy with a $152 price target.
Stock Winners: Microsoft (MSFT)
Source: The Art of Pics / Shutterstock.com
In the biopic Jobs starring Ashton Kutcher as Apple’s iconic co-founder, Steve Jobs is depicted yelling at Bill Gates, co-founder of tech giant Microsoft (NASDAQ:MSFT). I mention this because Microsoft has always come off as a bit boring, at least in my opinion. So, assuming that the scene is accurate, I’m not surprised that Jobs let loose. Microsoft is just dull.
However, it’s also one of the stock winners of 2023. Since the beginning of the year through the end of October, MSFT gained 41% of equity value. And I’d imagine that it will be one of the top stocks to buy in 2024. It’s just that the underlying products are too important, whether for academia, the professional realm or merely for personal use.
Looking at desktop operating market share data, Microsoft’s Windows OS dominates at just under 69%. Based on current trends, it doesn’t really seem others will catch up significantly. Yes, MSFT does trade at a premium forward earnings multiple of 32.95x. But you’re getting consistently robust profitability for that premium. Analysts rate MSFT as a strong buy with a $408.76 target.
Adobe (ADBE)
Source: JHVEPhoto / Shutterstock
A multinational computer software company, Adobe (NASDAQ:ADBE) mainly garnered a reputation for providing platforms for creatives. Commanding leadership in the areas of graphics, photography, illustration, animation and other multimedia applications, Adobe represents a must have for anyone – from students to freelancers to major corporations – seeking to gain a marketing and branding edge. As a result, I don’t think the creatives angle should be considered a pejorative.
Indeed, ADBE has been one of the best stocks to buy this year. Since the January opener, ADBE gained a very impressive 58% of equity value. Over the past five years, it soared 167%. To be fair, because of the performance, ADBE now trades at over 54x trailing earnings. That’s on the high side for sure. At the same time, the company enjoys robust growth and continues to print positive figures on the bottom line.
Additionally, the burgeoning gig economy – which some experts project will hit a valuation of $1.86 trillion by 2031 – should serve Adobe well. Thus, it should be one of the stock winners for 2024 and beyond.
Stock Winners: Amazon (AMZN)
Source: Tada Images / Shutterstock.com
As an e-commerce giant, Amazon (NASDAQ:AMZN) might not immediately strike investors as one of the stock winners for next year. Sure, it’s been on a strong run this year. From the beginning of the year to the end of October, AMZN moved up over 58%. However, circumstances don’t look so hot regarding consumer sentiment.
Recently, Walmart (NYSE:WMT) stated that the environment for the holiday season could be a bit dour compared to prior expectations. If so, betting on AMZN as one of the top stocks to buy admittedly appears risky. However, e-commerce retail transactions as a percentage of total sales have been marching higher since the second quarter of last year. At 15.4% in Q2 of this year, it could start to challenge the all-time high of 16.5%.
Fundamentally, it appears that consumers appreciate the convenience of Amazon’s massive online marketplace. Yes, AMZN is priced at a premium but you’re getting gargantuan growth and robust profitability. In my opinion, it’s worth betting on as a dominant force in its key industries.
General Electric (GE)
Source: Sundry Photography / Shutterstock.com
Years before the Covid-19 pandemic, you’d be forgiven if you had given up on industrial conglomerate General Electric (NYSE:GE). Prior to the Great Recession, shares peaked at around $261 per share on a weekly average basis. Post-recession, shares managed to hit roughly $205 before succumbing to a horrible implosion. Still, GE has made a strong comeback, potentially making it one of the stock winners of 2024.
Since the January opener to the end of October, GE popped up more than 66%. Some of the enthusiasm centers on its reorganization plans. Specifically, the company will combine its renewable energy, power, and its industrial software units into one entity, GE Vernova. From there, it will pursue a tax-free spinoff of this business at the beginning of Q2 2024.
Theoretically, the combination and spinoff should make the split enterprises more focused on their strengths. And GE Vernova is promising based on the importance of renewable energy and its potential ability to foster energy independence. So, it’s worth considering for top stocks to buy.
Palo Alto Networks (PANW)
Source: Shutterstock
Timing is everything and for Palo Alto Networks (NASDAQ:PANW), it’s a little bit unfortunate. Recently, the company posted strong results for its quarter ended October. On the top line, Palo Alto rang up sales of $1.88 billion, up 20% from one year ago. Also, it beat analysts’ consensus estimate of $1.84 billion. Further, adjusted profit landed at $1.38 per share, also exceeding the consensus target of $1.16 per share.
So, why did PANW fall? Per Barron’s, management provided guidance for both the end-of-January quarter and the July 2024 fiscal year that missed Wall Street’s estimates on billings. Subsequently, shares fell more than 5%. That’s a sharp contrast to earlier enthusiasm, which saw PANW rise over 74% between the January starter to the end of October.
Nevertheless, I’m going to pay attention to the fundamentals. As recent cyberattacks have demonstrated, nefarious online actors are becoming more effective and thus more brazen. They can badly disrupt business, meaning that enterprises are willing to pay any ransoms.
Someone’s got to put a stop to this matter, which should benefit Palo Alto. Therefore, PANW may be one of the stock winners of 2024.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post 2023 Winners: 7 Stocks That Will Continue to Dominate in 2024 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock Winners: Apple (AAPL) Source: askarim / Shutterstock As a consumer technology giant, it’s easily understandable why Apple (NASDAQ:AAPL) ranks among the stock winners. Following a 31.4% return (again, as of Oct. 31), AAPL may be due for a corrective lull. For example, AAPL trades at a forward earnings ratio of 28.54x, which is overheated.
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Stock Winners: Apple (AAPL) Source: askarim / Shutterstock As a consumer technology giant, it’s easily understandable why Apple (NASDAQ:AAPL) ranks among the stock winners. Following a 31.4% return (again, as of Oct. 31), AAPL may be due for a corrective lull. For example, AAPL trades at a forward earnings ratio of 28.54x, which is overheated.
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Stock Winners: Apple (AAPL) Source: askarim / Shutterstock As a consumer technology giant, it’s easily understandable why Apple (NASDAQ:AAPL) ranks among the stock winners. Following a 31.4% return (again, as of Oct. 31), AAPL may be due for a corrective lull. For example, AAPL trades at a forward earnings ratio of 28.54x, which is overheated.
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Stock Winners: Apple (AAPL) Source: askarim / Shutterstock As a consumer technology giant, it’s easily understandable why Apple (NASDAQ:AAPL) ranks among the stock winners. Following a 31.4% return (again, as of Oct. 31), AAPL may be due for a corrective lull. For example, AAPL trades at a forward earnings ratio of 28.54x, which is overheated.
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12438.0
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2023-11-21 00:00:00 UTC
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3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline
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AAPL
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https://www.nasdaq.com/articles/3-reasons-to-buy-aapl-stock-even-after-its-fourth-consecutive-sales-decline
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Apple (NASDAQ:AAPL) reported its fourth quarter of falling sales on Nov. 2. Apple stock fell on the news.
Wisely, investors took the sales decline in stride. Its shares are up seven of the last nine trading days since. There is more to Apple than the iPhone. And while its shares might be getting hammered by Nvidia (NASDAQ:NVDA) in 2023 — Apple’s 51% year-to-date (YTD) boon is about one-fifth of Nvidia’s gains — there is still so much to like about Warren Buffett’s favorite holding.
Despite the slowdown in iPhone sales in the past 12 months, analysts still generally like it. Of the 44 covering AAPL stock, 28 rate it Outperform or Buy, with a target price of $195.90.
I’ve got three other reasons you’ll want to consider putting Apple stock under the tree this holiday season.
Apple Services Revenue Continues to Grow
Apple’s services revenue stood out in Q4 2023, generating an all-time high of $22.3 billion, 16.3% higher than a year earlier. Services accounted for 24.9% of its $89.5 billion overall revenue in the quarter, up 360 basis points from Q4 2022. In addition, it beat analyst estimates by nearly $1 billion.
As a result, the segment finished the fiscal year with revenue of $85.2 billion, 9.1% higher than in 2022 and accounting for 22.2% of its overall sales, 240 basis points higher than in 2022.
“Our performance in Services were broad based, as we reached all-time revenue records in the Americas, Europe and rest of Asia-Pacific and a September quarter record in Greater China. We also set new records in every Services category,” stated Chief Financial Officer Luca Maestri in the Q4 2023 conference call.
In 2023, the services business had a 70% gross margin, 34 percentage points higher than its products segment. It might generate less revenue, but it helps drive its operating profit.
Returning Capital to Shareholders
In 2023, the company returned $92.6 billion to shareholders through dividends and share repurchases. That was less than 2022, but still a significant amount.
As you might be aware, Apple represents Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) most significant equity position, accounting for 49% of its $355 billion equity portfolio. Warren Buffett first acquired Apple shares in Q1 2016. Apple’s share count at the end of that quarter was 5.5 billion. Today, there are 15.8 billion, or 3.95 billion pre-split, accounting for the August 2020 four-for-one split.
Since Buffett became a shareholder, the share count has fallen by 20%, increasing Berkshire’s stake without it spending a nickel of its cash. That’s why Buffett likes repurchases so much.
I’d have to go back and calculate the return on Apple’s investment from its share repurchases since 2016, but I’m sure it’s significant.
Thank You, Google!
My last point is a recent piece of news.
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) expert witness Kevin Murphy appeared in court on Nov. 13 as part of the company’s antitrust battle with the Department of Justice. Murphy revealed that Apple gets 36% of Google’s search advertising revenue generated through Apple’s Safari browser as part of their search default agreement.
According to CNBC reporting, Bernstein analyst Toni Sacconaghi estimated Apple could get $19 billion this year from its deal with Google. That’s about 5% of Apple’s 2023 revenue of $383 billion.
That’s a lot of money for doing nothing.
Interestingly, ArsTechnica reported that Google gives up a much higher percentage of search revenue from Safari than it does from cooperative Android manufacturers.
“How much more does Google pay for an Apple user than an Android one? A lot. It was recently revealed in the Epic v. Google trial (Google has a few monopoly lawsuits going on) that the highest tier of search revenue share for cooperative Android OEMs is only 12 percent, a third of what Google pays Apple,” stated ArsTechnica contributor Ron Amadeo on Nov. 15.
That is a classic example of the value and power of the Apple ecosystem compared to anything else that currently exists.
“Priceless,” as Mastercard (NYSE:MA) ads say.
On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) reported its fourth quarter of falling sales on Nov. 2. Of the 44 covering AAPL stock, 28 rate it Outperform or Buy, with a target price of $195.90.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) reported its fourth quarter of falling sales on Nov. 2. Of the 44 covering AAPL stock, 28 rate it Outperform or Buy, with a target price of $195.90. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) reported its fourth quarter of falling sales on Nov. 2. Of the 44 covering AAPL stock, 28 rate it Outperform or Buy, with a target price of $195.90. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) reported its fourth quarter of falling sales on Nov. 2. Of the 44 covering AAPL stock, 28 rate it Outperform or Buy, with a target price of $195.90. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Reasons to Buy AAPL Stock Even After Its Fourth Consecutive Sales Decline appeared first on InvestorPlace.
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12439.0
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2023-11-21 00:00:00 UTC
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3 Must-Buy Stocks on Every Market Dip
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AAPL
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https://www.nasdaq.com/articles/3-must-buy-stocks-on-every-market-dip
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The stock market is flying high in November, propelled by economic data showing that inflation and the U.S. economy are slowing. Another catalyst lies in expectations that the U.S. Federal Reserve is likely finished raising interest rates.
After declining for three consecutive months, the benchmark S&P 500 index has risen 7% so far in November as a year-end Santa Claus rally appears to be taking hold. Investors welcome this news as stocks of many well-known companies climbing higher.
Yet despite the current euphoria, traders should keep an eye out for any market downturns that provide opportunities. Likely in the early innings of a prolonged rally, investors should continue loading up on top-tier stocks before the current bull run turns into a stampede. Let’s delve into three must-buy stocks on every market dip.
Target (TGT)
Source: Robert Gregory Griffeth / Shutterstock.com
It might be a while until retailer Target (NYSE:TGT) stock dips again. TGT stock is up 17% as of November 15 following the company’s Q3 financial results that trounced Wall Street forecasts.
Target reported Q3 earnings per share (EPS) of $2.10 versus $1.48 analysts’ expectation. Revenue presented at $25.40 billion compared to the forecast $25.24 billion. TGT said its results got a boost from sales of food and beauty, which offset weaker spending by consumers overall.
Also, the company reported a 14% decline in inventories, as well as lower freight, supply-chain, and delivery expenses. Gross margins rose to 27.4% from 24.7% a year earlier. Additionally, investors like Target’s optimism about its outlook for holiday sales this year. They forecast earnings of $1.90 to $2.60 per share in the current fourth quarter, ahead of the $2.22 expected on Wall Street. To jolt sales during the holidays, Target is offering exclusive merchandise, including thousands of items under $25 each.
While TGT stock is surging following the company’s Q3 print, the share price remains down 15% on the year, presenting a buy-the-dip opportunity for investors.
Apple (AAPL)
Source: Vytautas Kielaitis / Shutterstock.com
Shares of consumer electronics giant Apple (NASDAQ:AAPL) are proving impressive amid the company’s Q3 report. AAPL stock has gained 13% since the end of October and is up 51% on the year.
However, because of peaks and valleys along the way, investors should watch for any further pullbacks to grab shares of Apple. While sales of iPhone and MacBook laptops have slowed, growth in its services business, such as Apple TV, is making up for it.
But even on the hardware side of its business, Apple isn’t taking the sales slowdown lightly. Early indicators show sales of its newest iPhone 15 are brisk. And the company recently announced that new microchips for its personal computers (PCs) and a cheaper MacBook Pro laptop will attract consumers and spur sales. The chips provide faster speeds and have the power needed to develop artificial intelligence (AI) applications.
Long-term, Apple remains a proven winner for investors. Over the last five years, AAPL stock has increased a whopping 290%.
Johnson & Johnson (JNJ)
Source: Alexander Tolstykh / Shutterstock.com
Healthcare stocks look poised for a comeback. Johnson & Johnson (NYSE:JNJ) could be a great way to play the recovery. The company’s earnings are improving with its recent spin-off. The consumer health unit is a new publicly-traded company called Kenvue (NYSE:KVUE).
Also, driven by strong sales of medical devices and pharma products, JNJ posted Q3 EPS of $2.66, ahead of the $2.52 Wall Street expectation.
Further, July through September revenue rang in at $21.35 billion compared to the forecast $21.04 billion. Also, the drug maker is raising full-year guidance, since it now expects 2023 sales of $83.6 billion to $84 billion, up from $83.2 billion to $84 billion previously. Amidst lawsuit concerns claiming that JNJ’s talc-based products caused cancer which led to several deaths, those products now fall under Kenvue. This takes pressure off JNJ stock.
With the share price of Johnson & Johnson down 16% on the year, grab the opportunity to buy the stock now. But investors should also look for any further weakness to add to their position.
On the date of publication, Joel Baglole held a long position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post 3 Must-Buy Stocks on Every Market Dip appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com Shares of consumer electronics giant Apple (NASDAQ:AAPL) are proving impressive amid the company’s Q3 report. AAPL stock has gained 13% since the end of October and is up 51% on the year. Over the last five years, AAPL stock has increased a whopping 290%.
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Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com Shares of consumer electronics giant Apple (NASDAQ:AAPL) are proving impressive amid the company’s Q3 report. AAPL stock has gained 13% since the end of October and is up 51% on the year. Over the last five years, AAPL stock has increased a whopping 290%.
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Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com Shares of consumer electronics giant Apple (NASDAQ:AAPL) are proving impressive amid the company’s Q3 report. AAPL stock has gained 13% since the end of October and is up 51% on the year. Over the last five years, AAPL stock has increased a whopping 290%.
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Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com Shares of consumer electronics giant Apple (NASDAQ:AAPL) are proving impressive amid the company’s Q3 report. AAPL stock has gained 13% since the end of October and is up 51% on the year. Over the last five years, AAPL stock has increased a whopping 290%.
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12440.0
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2023-11-21 00:00:00 UTC
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Why Intel Is a Chip Stock Worth Buying
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AAPL
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https://www.nasdaq.com/articles/why-intel-is-a-chip-stock-worth-buying
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After a disastrous start to the year, microchip giant Intel Corp. (NASDAQ:INTC) looks to be moving in the right direction and its stock is responding.
Year-to-date, INTC stock is up 45%, including a 35% gain in the last six months. However, investors needn’t worry that they’ve missed the big move higher or that there isn’t more runway ahead. Intel’s share price is currently trading 20% lower than where it was at five years ago, an indication of how beaten down the stock had become. But with conditions improving and a major shift in the company’s business strategy coming together, now is an opportune time to invest in INTC stock.
On the Rebound
Intel started the year by posting the biggest loss in the company’s 55-year history. For the first quarter, Intel announced a 133% annual reduction in its earnings per share and said that its revenue declined 36% from a year earlier to $11.7 billion. The loss worked out to 4 cents per share. The first quarter marked the fifth consecutive quarter of falling sales and the second consecutive quarter of losses at Intel.
The company blamed the poor financial results on its efforts to restructure its factories as foundries that can make microchips for other companies. By 2026, Intel hopes to manufacture chips as advanced as those made by Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), and that it can compete for custom work like Apple’s (NASDAQ:AAPL) A-series chips found in iPhones.
As one might expect, INTC stock fell like a stone on the Q1 report as bearish sentiment spiked and analysts questioned the company’s direction. However, the downturn was short lived, as Intel quickly rebounded with improved financial results for this year’s second and third quarters. Immediately after its recent Q3 print, INTC stock jumped 7% higher after its results beat Wall Street forecasts.
For Q3, Intel impressed with EPS of 41 cents which was nearly double the 22 cents expected among analysts. Revenue amounted to $14.16 billion versus $13.53 billion that had been forecast. While analysts and investors liked the earnings themselves, they especially like that Intel executives reiterated plans to cut costs by $3 billion this year. The company’s operating expenses declined 15% in Q3 from a year ago.
Following the terrible first-quarter results, Intel announced a cut in executive compensation ranging from a 5% trim to the base pay of mid-level executives to a 25% haircut in the pay of CEO Pat Gelsinger. Intel also lowered its 401(k) matching contributions to 2.50% from 5% and suspended all pay raises and bonuses. Taken together, the company’s improved earnings and efforts to reduce costs have inspired confidence on Wall Street.
Pivot to a Foundry
Intel’s ambition is to pivot from designing microchips and semiconductors to competing head-to-head with TSMC, which currently makes 60% of the world’s microchips.
By 2026, Intel wants to compete for contracts to build high-performance microchips for companies ranging from Nvidia (NASDAQ:NVDA) to Qualcomm (NASDAQ:QCOM). To that end, Intel is investing billions to develop chip factories all over the world as it seeks to dominate in chipmaking.
This past summer, Intel announced plans to spend $33 billion to build two new chip fabrication plants in Germany, $4.6 billion on a chip plant in Poland, and $25 billion on a factory in Israel. The company plans to build chip complexes in Ireland and France, as well as multiple plants in the U.S., including a $20 billion semiconductor plant in Ohio. The heavy spending comes as semiconductor manufacturing is expected to become a trillion-dollar industry by 2030, according to McKinsey & Co.
The multi-year shift to becoming a fabricator of microchips and semiconductors has put the patience of the investors to the test. Analysts have questioned how the pivot will improve Intel’s gross margins.
In April, the company said its gross margin for this year’s first quarter was 38.4%, half what it was a year earlier. However, Intel executives have said they are aiming for 60% margins going forward. And there are signs that the transformation is taking hold.
Spinoffs & Insider Buys
To help smooth the way to becoming a chip foundry, Intel is spinning off its programmable chip business with plans to take it public through an initial public offering in 2024. Intel acquired the programmable chip business when it bought Altera for $16.7 billion in 2015. Altera was a leader in field-programmable gate array microchips that are used in the industrial, automotive and defense sectors.
The Programmable Solutions Group’s standalone operations will begin on Jan. 1, and Intel will report its financials as a separate business unit, starting with its first quarter 2024 results. The IPO should occur over the next two years. In 2022, Intel completed a successful IPO of its Mobileye Global (NASDAQ:MBLY) business unit, which makes microchips and software for self-driving vehicles.
The most recent news from Intel is that CEO Pat Gelsinger has been buying large chunks of the company’s stock. Regulatory filings show Gelsinger paid $250,000 between Oct. 31 and Nov. 1 to purchase 6,775 Intel shares at an average price of $36.80 each.
Gelsinger owns over 475,000 shares of INTC stock worth $18 million. Gelsinger’s repeated purchase of Intel stock this year is seen as a vote of confidence.
The latest stock purchases by Gelsinger come as rumors swirl Intel is the leading candidate to receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications, though no contract has been formally announced.
INTC Stock Is A Buy
It’s not been without pain and it’s taken time, but Intel looks to be moving in the right direction. The major shift from being a microchip designer to becoming a microchip fabricator looks to be on track despite costing billions of dollars to execute.
Investors willing to take a position in Intel shares now and exercise some patients are likely to be rewarded in coming years with hefty returns on their capital. As it moves into the next phase of its existence, INTC stock is a buy.
On the date of publication, Joel Baglole held long positions in AAPL and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post Why Intel Is a Chip Stock Worth Buying appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By 2026, Intel hopes to manufacture chips as advanced as those made by Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), and that it can compete for custom work like Apple’s (NASDAQ:AAPL) A-series chips found in iPhones. On the date of publication, Joel Baglole held long positions in AAPL and NVDA. In 2022, Intel completed a successful IPO of its Mobileye Global (NASDAQ:MBLY) business unit, which makes microchips and software for self-driving vehicles.
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By 2026, Intel hopes to manufacture chips as advanced as those made by Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), and that it can compete for custom work like Apple’s (NASDAQ:AAPL) A-series chips found in iPhones. On the date of publication, Joel Baglole held long positions in AAPL and NVDA. Immediately after its recent Q3 print, INTC stock jumped 7% higher after its results beat Wall Street forecasts.
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By 2026, Intel hopes to manufacture chips as advanced as those made by Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), and that it can compete for custom work like Apple’s (NASDAQ:AAPL) A-series chips found in iPhones. On the date of publication, Joel Baglole held long positions in AAPL and NVDA. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a disastrous start to the year, microchip giant Intel Corp. (NASDAQ:INTC) looks to be moving in the right direction and its stock is responding.
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By 2026, Intel hopes to manufacture chips as advanced as those made by Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), and that it can compete for custom work like Apple’s (NASDAQ:AAPL) A-series chips found in iPhones. On the date of publication, Joel Baglole held long positions in AAPL and NVDA. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a disastrous start to the year, microchip giant Intel Corp. (NASDAQ:INTC) looks to be moving in the right direction and its stock is responding.
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2023-11-21 00:00:00 UTC
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Premier Stocks To Own As AI Quickly Reshapes Our Future
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https://www.nasdaq.com/articles/premier-stocks-to-own-as-ai-quickly-reshapes-our-future
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Editor’s note: “Premier Stocks To Own As AI Quickly Reshapes Our Future” was previously published in October 2023. It has since been updated to include the most relevant information available.
Everyone is buzzing about artificial intelligence (AI) these days.
And it may even seem like the technology emerged out of thin air to shock the world. But the truth is that the AI Revolution we’re witnessing right now is the culmination of 70 years’ worth of research.
We can find its roots in October 1950. At that time, Alan Turing, the genius who cracked the Enigma code and helped end World War II, had just introduced a novel concept.
It was called the “Turing Test.” And it aimed at answering the fundamental question: Can machines think?
The world laughed. Machines — think for themselves? Not possible.
However, the Turing Test set in motion decades of research into the emerging field of artificial intelligence.
Some of the world’s smartest people have conducted this research in the most prestigious labs there are. Collectively, they’ve worked to create a new class of computers and machines that can, indeed, think for themselves.
Exponential Progress
Fast forward 70 years.
AI is everywhere.
It’s in your phones. What do you think powers Siri? How does a phone recognize your face?
It’s in your applications. How does Google Maps know directions and optimal routes? How does it make real-time changes based on traffic? And how does Spotify create hyper-personalized playlists or Netflix recommend movies?
AI is on your computers. How does Google suggest personalized search items for you? How do websites use chatbots that seem like real humans?
As it turns out, the world shouldn’t have laughed back in 1950.
The great Alan Turing ended up creating a robust foundation upon which seven decades of groundbreaking research has compounded. Ultimately, it resulted in self-thinking computers and machines not just being a “thing” — but being everything.
Understanding AI
AI is really just a catch-all term for machine learning (ML) and natural language processing (NLP) models that learn from themselves and get better and smarter over time.
Those models are entirely informed by data.
Basically, the more data they have, the more they can learn, the better the models get, and the more capable AI becomes.
Indeed, in the AI world, data is everything.
Think of it this way.
The global volume and granularity of data is exploding right now. That’s mostly because every object in the world is becoming a data-producing device.
Over the past 20 years, we have seen a significant shift toward the “Smart World.” Dumb phones have become smartphones, and dumb cars have become smart cars. Dumb apps have become smart apps, and dumb watches have become smartwatches.
These devices have all begun to generate large amounts of data, like phone usage data, in-car driving data, consumer preference data, and fitness and activity data.
As we’ve sprinted into this “Smart World,” the amount and speed of data that AI algorithms have access to has exploded. And it’s making those AI algos more capable than ever.
Why else do you think AI has started popping up everywhere in recent years? It’s because 90% of the world’s data has been generated in the last two years alone.
The Final Word
And guess what? The world isn’t going to take any steps back in terms of this “smart” pivot. No. We love our smartphones, smart cars, and smart watches too much.
Globally, the world produces about 2.5 exabytes of data per day today. Analysts expect that number will rise to 463 exabytes by 2025 (185X higher).
More data. Better ML and NLP models. Smarter AI.
Therefore, as the volume of data produced daily soars more than 185X over the next five years, ML and NLP models will get 185X better (more or less), and AI machines will get 185X smarter (more or less).
And as my friends in the AI and robotics fields like to remind me: Most things a human does, a machine will be able to do better, faster, and cheaper. If not now, then soon.
Given the advancements AI has made over the past few years with the help of data – and the huge flood of data set to come online over the next few years – I’m inclined to believe them.
Eventually – and inevitably – hyperefficient and hyperintelligent AI will run the world.
I’m not alone in thinking this. Gartner predicts that 69% of routine office work will become fully automated by 2024. And the World Economic Forum anticipates that robots will handle 52% of current work tasks by 2025.
The AI Revolution is coming – and it’s going to be the biggest revolution you’ve ever seen in your lifetime.
Needless to say, as a hypergrowth investor, you need to be invested in this emerging technological megatrend that promises to change the world forever.
But, alas, the question remains: What AI stocks should you start buying right now?
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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The post Premier Stocks To Own As AI Quickly Reshapes Our Future appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At that time, Alan Turing, the genius who cracked the Enigma code and helped end World War II, had just introduced a novel concept. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Premier Stocks To Own As AI Quickly Reshapes Our Future appeared first on InvestorPlace.
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However, the Turing Test set in motion decades of research into the emerging field of artificial intelligence. Over the past 20 years, we have seen a significant shift toward the “Smart World.” Dumb phones have become smartphones, and dumb cars have become smart cars. We love our smartphones, smart cars, and smart watches too much.
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Indeed, in the AI world, data is everything. These devices have all begun to generate large amounts of data, like phone usage data, in-car driving data, consumer preference data, and fitness and activity data. Given the advancements AI has made over the past few years with the help of data – and the huge flood of data set to come online over the next few years – I’m inclined to believe them.
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Collectively, they’ve worked to create a new class of computers and machines that can, indeed, think for themselves. AI is everywhere. Indeed, in the AI world, data is everything.
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2023-11-21 00:00:00 UTC
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2 Growth Stocks to Buy Before the Big Bull Rally
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https://www.nasdaq.com/articles/2-growth-stocks-to-buy-before-the-big-bull-rally-1
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We may not have reached a bull market yet, but we're heading in the right direction. All three major indexes have climbed this year -- and last week, they completed their first three-week winning streak since early summer.
Why should we feel confident about the possibility of a bull market ahead? Because market phases come and go, and the most difficult times always lead to that time of expansion known as a bull market.
Now, the question is: How should we prepare? If you have some cash available, it's a great idea to add a couple of growth stocks to your portfolio, as they generally flourish in bull environments. You could opt for a well-established name with a long track record of success that offers you a certain amount of security. And you could go for a younger company that may deliver enormous gains as it grows.
Here are two that fit the bill, making them top buys before the big bull rally.
Image source: Getty Images.
1. Apple
Apple's (NASDAQ: AAPL) growth story is a long one, but we're far from reaching the final chapter. The company sells a range of top products such as the iPhone, Mac, and Apple Watch that keep fans coming back for the latest versions. These products offer Apple a significant moat, protecting the company from competition, and that's a good reason to be confident about revenue growth over time.
The technology giant also continues to attract new customers -- another good sign for future growth. In the most recent quarter, half of Mac customers and two-thirds of Apple Watch buyers were new to those products.
And both the iPhone and Mac installed base reached record highs in the quarter, which is positive for two reasons. First, actual purchases of those products equal revenue, and second, this client base now is ready to offer Apple recurrent revenue by purchasing services.
Apple offers a variety of services, from digital content to iCloud storage, and this business could be a major revenue driver moving forward. In the quarter, services revenue reached a new all-time high. And the great thing about services is they are very profitable for Apple, with a gross margin of about 70% compared to a gross margin of 36% for products.
Finally, with Apple, you get the ideal combination of growth along with the security of passive income -- the company paid $3.8 billion in dividends to shareholders during the recent quarter. Apple shares have climbed 47% this year, but thanks to these points, they still have plenty of room to run.
2. Chewy
Chewy (NYSE: CHWY) is a newer growth player, offering you the opportunity to get in early at a great price.
First, a bit of background on this e-commerce player: Chewy is an online pet supplies store, selling everything from food to treats and even pet health insurance and virtual vet visits. So you can rely on Chewy for all of your pets' needs.
The company makes it easy to come back, too, offering Autoship -- a platform that automatically reorders and ships your favorite products right to your door. It's no surprise that Autoship orders make up 75% of Chewy's net sales.
The Autoship figures and double-digit growth in active customer spend in the most recent quarter are great points of reference for investors. That's because they show Chewy has a loyal customer base, and this offers us some visibility on future revenue.
It's also important to note Chewy recently made it to a huge milestone. The company reached profitability last year, and earnings this year continue to grow.
On top of this, Chewy is preparing the path for even more growth ahead. It recently launched in Canada -- a market it sees as akin to the U.S. in terms of market share and profitability. And the great thing about this expansion is, thanks to the infrastructure Chewy already built, it didn't require a tremendous initial investment.
Now here's the opportunity for investors: Chewy's share performance hasn't reflected all of these positive points, and the stock trades for 36 times forward earnings estimates. That's reasonable, considering this player could shine in a growth market. And that's why it's a top stock to buy now, before the big bull rally.
10 stocks we like better than Apple
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Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Chewy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple's (NASDAQ: AAPL) growth story is a long one, but we're far from reaching the final chapter. Apple offers a variety of services, from digital content to iCloud storage, and this business could be a major revenue driver moving forward. Finally, with Apple, you get the ideal combination of growth along with the security of passive income -- the company paid $3.8 billion in dividends to shareholders during the recent quarter.
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Apple Apple's (NASDAQ: AAPL) growth story is a long one, but we're far from reaching the final chapter. And both the iPhone and Mac installed base reached record highs in the quarter, which is positive for two reasons. The company reached profitability last year, and earnings this year continue to grow.
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Apple Apple's (NASDAQ: AAPL) growth story is a long one, but we're far from reaching the final chapter. These products offer Apple a significant moat, protecting the company from competition, and that's a good reason to be confident about revenue growth over time. Chewy Chewy (NYSE: CHWY) is a newer growth player, offering you the opportunity to get in early at a great price.
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Apple Apple's (NASDAQ: AAPL) growth story is a long one, but we're far from reaching the final chapter. And both the iPhone and Mac installed base reached record highs in the quarter, which is positive for two reasons. The company reached profitability last year, and earnings this year continue to grow.
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2023-11-20 00:00:00 UTC
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EXCLUSIVE-OpenAI investors considering suing the board after CEO's abrupt firing -sources
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https://www.nasdaq.com/articles/exclusive-openai-investors-considering-suing-the-board-after-ceos-abrupt-firing-sources-0
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By Anna Tong, Krystal Hu and Jody Godoy
Nov 20 (Reuters) - Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees.
Sources said investors are working with legal advisers to study their options. It was not immediately clear if these investors will sue OpenAI.
Investors worry that they could lose hundreds of millions of dollars they invested in OpenAI, a crown jewel in some of their portfolios, with the potential collapse of the hottest startup in the rapidly growing generative AI sector.
OpenAI did not respond to a request for comment.
Microsoft MSFT.O owns 49% of the for-profit operating company, according to sources familiar with the matter. Other investors and employees control 49%, with 2% owned by OpenAI's nonprofit parent, according to Semafor.
OpenAI's board fired Altman on Friday after a "breakdown of communications," according to an internal memo seen by Reuters.
By Monday, most of OpenAI's more than 700 employees threatened to resign unless the company replaced the board.
Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors."
As a result, employees have more leverage in pressuring the board than the venture capitalists who helped fund the company, said Minor Myers, a law professor at the University of Connecticut. "There is nobody exactly who is in the seat of an injured investor," he said.
That is a feature, not a bug of OpenAI's structure, which started out as a nonprofit but added a for-profit subsidiary in 2019 to raise capital. Keeping control of operations let the nonprofit preserve its "core mission, governance, and oversight," according to the company's website.
Nonprofit boards have legal obligations to the organizations they oversee. But those obligations, such as the duty to exercise care and avoid self-dealing, leave a lot of leeway for leadership decisions, experts said.
Those obligations can be further narrowed in a corporate structure such as OpenAI, which used a limited liability company as its operating arm, potentially further insulating the nonprofit's directors from investors, said Paul Weitzel, a law professor at the University of Nebraska.
Even if investors found a way to sue, Weitzel said they would have a "weak case." Companies have broad latitude under the law to make business decisions, even ones that backfire.
"You can fire visionary founders," Weitzel said. Apple AAPL.O famously fired Steve Jobs in the 1980s, before bringing him back around a decade later.
OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist
BREAKINGVIEWS-Silicon Valley saw OpenAI with eyes wide shut
TIMELINE-From OpenAI ouster to Microsoft AI research CEO: Sam Altman's tumultuous weekend [TIMELINE-From OpenAI ouster to Microsoft AI research CEO: Sam Altman's tumultuous weekend]
(Reporting by Anna Tong in San Francisco and Krystal Hu in New York Additional reporting by Jody Godoy in New York Editing by Tom Hals, Kenneth Li, Lisa Shumaker and Matthew Lewis)
((Lisa.Shumaker@tr.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL.O famously fired Steve Jobs in the 1980s, before bringing him back around a decade later. Investors worry that they could lose hundreds of millions of dollars they invested in OpenAI, a crown jewel in some of their portfolios, with the potential collapse of the hottest startup in the rapidly growing generative AI sector. As a result, employees have more leverage in pressuring the board than the venture capitalists who helped fund the company, said Minor Myers, a law professor at the University of Connecticut.
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Apple AAPL.O famously fired Steve Jobs in the 1980s, before bringing him back around a decade later. By Anna Tong, Krystal Hu and Jody Godoy Nov 20 (Reuters) - Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors."
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Apple AAPL.O famously fired Steve Jobs in the 1980s, before bringing him back around a decade later. By Anna Tong, Krystal Hu and Jody Godoy Nov 20 (Reuters) - Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors."
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Apple AAPL.O famously fired Steve Jobs in the 1980s, before bringing him back around a decade later. By Anna Tong, Krystal Hu and Jody Godoy Nov 20 (Reuters) - Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors."
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2023-11-20 00:00:00 UTC
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2 Artificial Intelligence (AI) Stocks That Could Be Millionaire Makers
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https://www.nasdaq.com/articles/2-artificial-intelligence-ai-stocks-that-could-be-millionaire-makers
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nan
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It's no secret that artificial intelligence (AI) is a booming industry. As a result, many investors are searching for AI stocks that could make them millionaires.
While you're unlikely to find a single stock pick that will accomplish the goal, adding these two AI stocks to a well-diversified portfolio will certainly set you up for the best possible outcome.
Taiwan Semiconductor
Taiwan Semiconductor (NYSE: TSM) is the world's largest contract semiconductor manufacturer. Among its clients are practically every company creating AI technology -- its chips are used in products like graphics processing units (GPUs) made by Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD), which are vital for creating AI models.
With all roads leading to Taiwan Semiconductor, it seems like a no-brainer investment. But being so large also has its drawbacks. AI chips aren't the lion's share of TSMC's revenue right now. Instead, personal electronics (like laptops) and smartphones (Taiwan Semiconductor supplies the chips for Apple's (NASDAQ: AAPL) iPhone) generate most of the demand, and these areas are weak this year thanks to a struggling consumer.
However, Q3 showed signs of this trend reversing. Smartphone revenue grew 33% quarter over quarter in Q3, with high-powered computing growing 6%.
But when demand for devices like laptops picks up alongside smartphone demand, Taiwan Semiconductor will be well-positioned to take advantage of the boom. Throw in growing AI chip demand, and you have a recipe for a fantastic growth stock.
However, Taiwan Semiconductor isn't valued like a growth stock.
TSM PE Ratio data by YCharts
With the stock trading at 18 times trailing earnings, it looks like an absolute bargain at these prices.
UiPath
UiPath's (NYSE: PATH) product is centered around robotic process automation (RPA), not AI. So why is it on this list of AI stocks that could help make you a millionaire? UiPath's integration of artificial intelligence with its RPA software makes the base product more potent and flexible.
RPA software allows its users to automate repetitive tasks, like filling out a bill of sale or running a report. However, when AI is introduced, it upgrades the product by allowing it to understand legal documents, sift through emails to find customer information, or monitor employees to pinpoint which processes might be candidates for process automation.
This integration of AI with RPA is why Polaris Market Research believes the RPA market opportunity could explode from $2.7 billion in 2022 to $66 billion by 2023. With UiPath's annual recurring revenue (ARR) totaling $1.3 billion in Q2 of FY 2024 (ending July 31) and growing at a 25% pace, UiPath is well on its way to dominating this industry.
With the stock only trading for nine times sales, it's fairly priced and well-positioned to be a portfolio star over the next decade.
Neither one of these two stocks on their own will make you a millionaire (unless you've got almost a million dollars already), but they are slated to beat the market over the long term. You can accelerate your path to becoming a millionaire by consistently investing each month into the market in a portfolio of stocks from all industries.
10 stocks we like better than Taiwan Semiconductor Manufacturing
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Taiwan Semiconductor Manufacturing wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Keithen Drury has positions in Taiwan Semiconductor Manufacturing and UiPath. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Instead, personal electronics (like laptops) and smartphones (Taiwan Semiconductor supplies the chips for Apple's (NASDAQ: AAPL) iPhone) generate most of the demand, and these areas are weak this year thanks to a struggling consumer. TSM PE Ratio data by YCharts With the stock trading at 18 times trailing earnings, it looks like an absolute bargain at these prices. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Taiwan Semiconductor Manufacturing, and UiPath.
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Instead, personal electronics (like laptops) and smartphones (Taiwan Semiconductor supplies the chips for Apple's (NASDAQ: AAPL) iPhone) generate most of the demand, and these areas are weak this year thanks to a struggling consumer. Taiwan Semiconductor Taiwan Semiconductor (NYSE: TSM) is the world's largest contract semiconductor manufacturer. But when demand for devices like laptops picks up alongside smartphone demand, Taiwan Semiconductor will be well-positioned to take advantage of the boom.
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Instead, personal electronics (like laptops) and smartphones (Taiwan Semiconductor supplies the chips for Apple's (NASDAQ: AAPL) iPhone) generate most of the demand, and these areas are weak this year thanks to a struggling consumer. Taiwan Semiconductor Taiwan Semiconductor (NYSE: TSM) is the world's largest contract semiconductor manufacturer. 10 stocks we like better than Taiwan Semiconductor Manufacturing When our analyst team has a stock tip, it can pay to listen.
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Instead, personal electronics (like laptops) and smartphones (Taiwan Semiconductor supplies the chips for Apple's (NASDAQ: AAPL) iPhone) generate most of the demand, and these areas are weak this year thanks to a struggling consumer. UiPath UiPath's (NYSE: PATH) product is centered around robotic process automation (RPA), not AI. You can accelerate your path to becoming a millionaire by consistently investing each month into the market in a portfolio of stocks from all industries.
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2023-11-20 00:00:00 UTC
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Venmo, Cash App users sue Apple over peer-to-peer payment fees
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https://www.nasdaq.com/articles/venmo-cash-app-users-sue-apple-over-peer-to-peer-payment-fees
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By Mike Scarcella
Nov 20 (Reuters) - Apple Inc AAPL.O has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices."
Four consumers in New York, Hawaii, South Carolina and Georgia filed the lawsuit on Friday in San Jose, California, federal court. They alleged Apple violated U.S. antitrust law through its agreements with PayPal's PYPL.O Venmo and Block's SQ.N Cash App.
Apple's agreements limit "feature competition" within peer-to-peer payment apps, including prohibiting existing or new platforms from using "decentralized cryptocurrency technology," the complaint said.
The lawsuit seeks an injunction that could force Apple to divest or segregate its Apple Cash business.
Cupertino, California-based Apple, the only defendant in the case, did not immediately respond to a request for comment.
Representatives for PayPal and Block, which were not sued, did not immediately respond to requests for comment.
The plaintiffs' attorneys at the law firm Bathaee Dunne declined to comment.
The case adds to Apple's recent antitrust headaches. A U.S. judge in California in September ruled that payment card issuers can sue Apple over alleged anticompetitive practices involving its Apple Pay mobile wallet.
Apple in another case has asked the U.S. Supreme Court to overturn an order in a lawsuit from "Fortnite" video game maker Epic Games challenging restrictions on in-app payment processing.
Peer-to-peer payments allow one user to send money via a mobile device directly to the account of another user.
The plaintiffs in the new lawsuit alleged Apple, Venmo and Cash App "have repeatedly raised prices for transactions and services with no competitive check."
They argued that a peer-to-peer app based on "decentralized" crypto technology "would allow iPhone users to send payments to each other without any intermediary at all."
The lawsuit said Apple has excluded from its App Store at least two Bitcoin wallet apps, Zeus and Damus, which is backed by Block founder Jack Dorsey.
The case is Lamartine Pierre et al v. Apple Inc, U.S. District Court, Northern District of California, No. Case 5:23-cv-05981.
For plaintiffs: Yavar Bathaee and Brian Dunne of Bathaee Dunne
For Apple: No appearance yet
Read more:
PayPal sued in US consumer case over 'industry-high' transaction fees
Apple asks US Supreme Court to strike down Epic Games order
Apple is ordered to face Apple Pay antitrust lawsuit
(Reporting by Mike Scarcella)
((Mike.Scarcella@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Mike Scarcella Nov 20 (Reuters) - Apple Inc AAPL.O has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices." Apple's agreements limit "feature competition" within peer-to-peer payment apps, including prohibiting existing or new platforms from using "decentralized cryptocurrency technology," the complaint said. The plaintiffs in the new lawsuit alleged Apple, Venmo and Cash App "have repeatedly raised prices for transactions and services with no competitive check."
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By Mike Scarcella Nov 20 (Reuters) - Apple Inc AAPL.O has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices." They alleged Apple violated U.S. antitrust law through its agreements with PayPal's PYPL.O Venmo and Block's SQ.N Cash App. Apple in another case has asked the U.S. Supreme Court to overturn an order in a lawsuit from "Fortnite" video game maker Epic Games challenging restrictions on in-app payment processing.
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By Mike Scarcella Nov 20 (Reuters) - Apple Inc AAPL.O has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices." A U.S. judge in California in September ruled that payment card issuers can sue Apple over alleged anticompetitive practices involving its Apple Pay mobile wallet. For plaintiffs: Yavar Bathaee and Brian Dunne of Bathaee Dunne For Apple: No appearance yet Read more: PayPal sued in US consumer case over 'industry-high' transaction fees Apple asks US Supreme Court to strike down Epic Games order Apple is ordered to face Apple Pay antitrust lawsuit (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Mike Scarcella Nov 20 (Reuters) - Apple Inc AAPL.O has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices." They alleged Apple violated U.S. antitrust law through its agreements with PayPal's PYPL.O Venmo and Block's SQ.N Cash App. They argued that a peer-to-peer app based on "decentralized" crypto technology "would allow iPhone users to send payments to each other without any intermediary at all."
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12446.0
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2023-11-20 00:00:00 UTC
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2 Beaten-Down Growth Stocks That Could Rocket 42% to 67% Higher, According to Wall Street
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AAPL
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https://www.nasdaq.com/articles/2-beaten-down-growth-stocks-that-could-rocket-42-to-67-higher-according-to-wall-street
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Individual investors who go looking for stocks that can deliver dramatic gains in a short amount of time want to turn their attention to tech, and biotechnology. Right now, sell-side analysts are pounding the table on a pair of stocks from these industries that could make big moves in the near term.
Consensus price targets issued by the investment bank analysts who follow these stocks suggest they can rocket 42% to 67% higher in the year ahead.
Image source: Getty Images.
Before you risk any of your hard-earned money on these stocks, it's important to realize investment bank analysts who set attention-getting price targets have nothing to lose but their reputations if things don't work out as expected. Here's a closer look to see if they're appropriate for your portfolio.
Opera Limited
Shares of Opera Limited (NASDAQ: OPRA) are down about 56% from the peak they set this summer. Wall Street analysts expect it to start bouncing back soon. The average price target on the stock implies a 67% gain over the next 12 months.
Opera has been making web browsers for decades, but its share of the global browser market in October was just 3.31% or fourth place, behind Alphabet's Chrome, Apple's Safari, and Microsoft's Edge browser. Despite a limited share of the browser market, the business has raised revenue by more than 20% year over year for 11 straight quarters.
Opera launched Opera One, a new browser with heaps of integrated AI features, in June. It also sports an increasingly popular gaming browser, Opera GX, that added millions of users in the third quarter to reach 26.1 million at the end of September.
As this is a tech company with heaps of room to grow, you might expect Opera Limited to plow all of its profits back into growth initiatives, but it isn't following the typical Silicon Valley playbook. Opera is headquartered in Norway and is majority-owned by a Chinese investment company that clearly favors focusing on its bottom line and returning profits to shareholders. The company initiated a semiannual dividend of $0.40 per share earlier this year, and at recent prices, the stock offers a juicy 6.5% yield.
Shares of Opera have been trading for around 15.4 times trailing free cash flow. This is a low multiple for a company growing so quickly, but investors still want to tread lightly with this stock. Earnings are on the rise now, but it's not hard for internet users to just switch browsers if Opera starts leaning too heavily on advertising.
Editas Medicine
The past month has been a great one for Editas Medicine (NASDAQ: EDIT), but the stock is still down about 89% from the peak it reached in 2021. Wall Street analysts who follow the biotechnology business are expecting a comeback. The average analyst following the stock expects a 42% gain over the next 12 months.
Editas Medicine is hot on the heels of CRISPR Therapeutics with EDIT-301, an experimental gene therapy for patients with sickle cell disease or beta-thalassemia. Both companies are developing new treatments for these patients that employ CRISPR-based techniques. EDIT-301 is the only one using an enzyme called AdCas12a to edit patients' stem cells so they'll produce fetal hemoglobin.
Regulators in the UK have already approved exa-cel from CRISPR Therapeutics and its collaboration partner, Vertex Pharmaceuticals. The U.S. Food and Drug Administration (FDA) is expected to issue an approval decision for exa-cel on or before Dec. 8. Editas hasn't even submitted an application for EDIT-301 yet.
Editas Medicine will share clinical trial updates from the EDIT-301 program in December, but investors should know that it's still enrolling patients who will need more than a year of follow-up observation before we know if the candidate can join exa-cel and another competing gene therapy from bluebird bio.
Wall Street's price targets aren't unreasonable, but investors should understand that this is a very risky stock. At recent prices, Editas has a big $799 million market cap even though it will be at least a couple of years before the company can record any product sales.
10 stocks we like better than Opera
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Opera wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, CRISPR Therapeutics, Editas Medicine, Microsoft, and Vertex Pharmaceuticals. The Motley Fool recommends Bluebird Bio. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before you risk any of your hard-earned money on these stocks, it's important to realize investment bank analysts who set attention-getting price targets have nothing to lose but their reputations if things don't work out as expected. As this is a tech company with heaps of room to grow, you might expect Opera Limited to plow all of its profits back into growth initiatives, but it isn't following the typical Silicon Valley playbook. Editas Medicine will share clinical trial updates from the EDIT-301 program in December, but investors should know that it's still enrolling patients who will need more than a year of follow-up observation before we know if the candidate can join exa-cel and another competing gene therapy from bluebird bio.
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Consensus price targets issued by the investment bank analysts who follow these stocks suggest they can rocket 42% to 67% higher in the year ahead. Opera Limited Shares of Opera Limited (NASDAQ: OPRA) are down about 56% from the peak they set this summer. The Motley Fool has positions in and recommends Alphabet, Apple, CRISPR Therapeutics, Editas Medicine, Microsoft, and Vertex Pharmaceuticals.
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Editas Medicine The past month has been a great one for Editas Medicine (NASDAQ: EDIT), but the stock is still down about 89% from the peak it reached in 2021. 10 stocks we like better than Opera When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 15, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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As this is a tech company with heaps of room to grow, you might expect Opera Limited to plow all of its profits back into growth initiatives, but it isn't following the typical Silicon Valley playbook. The average analyst following the stock expects a 42% gain over the next 12 months. The Motley Fool has positions in and recommends Alphabet, Apple, CRISPR Therapeutics, Editas Medicine, Microsoft, and Vertex Pharmaceuticals.
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12447.0
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2023-11-20 00:00:00 UTC
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US STOCKS-Nasdaq leads Wall St higher as Microsoft hits record high
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-leads-wall-st-higher-as-microsoft-hits-record-high-0
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By Amruta Khandekar and Shristi Achar A
Nov 20 (Reuters) - The Nasdaq led gains among the main U.S. stock indexes on Monday as Microsoft climbed on news that ousted OpenAI head Sam Altman will join the software giant, while investors awaited more clues on when the Federal Reserve might begin cutting interest rates.
Most other megacap stocks, including Nvidia NVDA.O and Apple AAPL.O, also edged higher.
Wall Street's main indexes have staged a stellar rebound in November, posting gains for the third week in a row on Friday as evidence of easing U.S. inflation supported bets that the Fed was done raising interest rates.
The benchmark S&P 500 .SPX is now less than 2% away from its highest level this year reached in July.
"This is traditionally a very light week. There's really not much in the way of economic news and I don't think we could see much of a change between now and the end of the year," said Joe Saluzzi, partner and co-founder at Themis Trading in Chatham, New Jersey.
"The Fed seems to be done. Everyone's predicting all the economic numbers that we saw last week will certainly support the thesis (that) they don't need to raise (rates) any more."
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, and have started pricing in rate cuts as soon as March, according to the CME Group's FedWatch tool.
A number of catalysts will set the tone for equities this week, with thin trading volumes ahead of the Thanksgiving holiday also affecting market moves.
Chip designer Nvidia is due to report quarterly results on Tuesday, wrapping up the third-quarter earnings season for the "Magnificent Seven" group of megacap companies.
The Fed is expected to issue minutes of its November meeting on Tuesday, which will be parsed for clues on the direction of U.S. interest rates. Black Friday sales will provide a gauge on the state of U.S. consumer spending.
At 11:37 a.m. ET, the Dow Jones Industrial Average .DJI was up 104.08 points, or 0.30%, at 35,051.36, the S&P 500 .SPX was up 19.87 points, or 0.44%, at 4,533.89, and the Nasdaq Composite .IXIC was up 107.39 points, or 0.76%, at 14,232.87.
Among other movers, Bristol Myers SquibbBMY.Nfell 2.4% as Germany's Bayer BAYGn.DE on Sunday stopped a late-stage trial testing a new anti-clotting drug, hurting investor confidence in all firms developing similar class of drugs.
BoeingBA.Nadded 3.9% as Deutsche Bank upgraded the aerospace company to "buy" from "hold" and raised its price target to $270 from $204.
Advancing issues outnumbered decliners by a 1.84-to-1 ratio on the NYSE and by a 1.59-to-1 ratio on the Nasdaq.
The S&P index recorded 15 new 52-week highs and one new low, while the Nasdaq recorded 52 new highs and 59 new lows.
Tech stocks take the lead in November https://tmsnrt.rs/49DypwJ
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel and Pooja Desai)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Most other megacap stocks, including Nvidia NVDA.O and Apple AAPL.O, also edged higher. By Amruta Khandekar and Shristi Achar A Nov 20 (Reuters) - The Nasdaq led gains among the main U.S. stock indexes on Monday as Microsoft climbed on news that ousted OpenAI head Sam Altman will join the software giant, while investors awaited more clues on when the Federal Reserve might begin cutting interest rates. Wall Street's main indexes have staged a stellar rebound in November, posting gains for the third week in a row on Friday as evidence of easing U.S. inflation supported bets that the Fed was done raising interest rates.
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Most other megacap stocks, including Nvidia NVDA.O and Apple AAPL.O, also edged higher. By Amruta Khandekar and Shristi Achar A Nov 20 (Reuters) - The Nasdaq led gains among the main U.S. stock indexes on Monday as Microsoft climbed on news that ousted OpenAI head Sam Altman will join the software giant, while investors awaited more clues on when the Federal Reserve might begin cutting interest rates. The S&P index recorded 15 new 52-week highs and one new low, while the Nasdaq recorded 52 new highs and 59 new lows.
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Most other megacap stocks, including Nvidia NVDA.O and Apple AAPL.O, also edged higher. By Amruta Khandekar and Shristi Achar A Nov 20 (Reuters) - The Nasdaq led gains among the main U.S. stock indexes on Monday as Microsoft climbed on news that ousted OpenAI head Sam Altman will join the software giant, while investors awaited more clues on when the Federal Reserve might begin cutting interest rates. Wall Street's main indexes have staged a stellar rebound in November, posting gains for the third week in a row on Friday as evidence of easing U.S. inflation supported bets that the Fed was done raising interest rates.
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Most other megacap stocks, including Nvidia NVDA.O and Apple AAPL.O, also edged higher. Wall Street's main indexes have staged a stellar rebound in November, posting gains for the third week in a row on Friday as evidence of easing U.S. inflation supported bets that the Fed was done raising interest rates. Everyone's predicting all the economic numbers that we saw last week will certainly support the thesis (that) they don't need to raise (rates) any more."
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12448.0
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2023-11-20 00:00:00 UTC
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Nasdaq leads Wall Street's gains as Microsoft hits record high
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AAPL
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https://www.nasdaq.com/articles/nasdaq-leads-wall-streets-gains-as-microsoft-hits-record-high
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By Sinéad Carew and Amruta Khandekar
Nov 20 (Reuters) - Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support.
The S&P 500 information technology sub-index .SPLRCT, up 1.6%, was the top gainer among the S&P 500's 11 major sectors, getting its biggest boost from Microsoft's shares MSFT.O which touched a record high and were last up 2%.
Microsoft CEO Satya Nadella said Sam Altman, who headed OpenAI until he was ousted late last week, was set to join Microsoft to lead a new advanced AI research team. Microsoft will also take on Greg Brockman, another OpenAI cofounder, as well as other researchers.
The news set a positive tone for the technology sector, which was also lifted by other megacap stocks, including Apple AAPL.O and Nvidia NVDA.O.
Investors cheered a better-than-expected earnings season and the ongoing trend of falling Treasury yields, said Bruce Zaro, managing director at Granite Wealth Management in Providence, Rhode Island.
"The market likes what it sees in the behaving bond market. It likes what it sees in earnings reports and it's in the holiday mood," said Zaro, noting that investors may be preparing for a rally which often comes with the year-end holiday season.
The Dow Jones Industrial Average .DJI rose 191.4 points, or 0.55%, to 35,138.68, the S&P 500 .SPX gained 31.6 points, or 0.70%, at 4,545.62 and the Nasdaq Composite .IXIC added 148.62 points, or 1.05%, at 14,274.10.
The defensive utilities index .SPLRCU was the S&P 500's biggest sector decliner, down 0.4%. Of the 11 sectors, consumer stables .SPLRCS was the next weakest, down 0.02%.
Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates. The benchmark S&P 500 .SPX was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone.
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, and have started pricing in rate cuts as soon as March, according to the CME Group's FedWatch tool.
While trading volume is often thin ahead of Thursday's U.S. Thanksgiving holiday, investors will have at least two potential catalysts to monitor.
One is the quarterly report, due out on Tuesday from chip designer Nvidia, whose stock is seen as one of the best ways to bet on the emerging artificial intelligence industry. Nvidia's results will wrap up the earnings season for the so-called "Magnificent Seven" group of megacap companies.
Also on Tuesday, the Fed is expected to issue minutes of its November meeting, which mayprovide clues on the direction of U.S. interest rates.
Capping off the week, foot traffic at stores on Black Friday could provide a gauge on the state of U.S. consumer spending.
Among individual movers, Bristol Myers SquibbBMY.N fell 4% as Germany's Bayer BAYGn.DE on Sunday stopped a late-stage trial testing a new anti-clotting drug, hurting investor confidence in all firms developing similar class of drugs.
BoeingBA.N added 4% as Deutsche Bank upgraded the aerospace company to "buy" from "hold" and raised its price target to $270 from $204.
Advancing issues outnumbered decliners on the NYSE by a 2.03-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored advancers.
The S&P 500 posted 25 new 52-week highs and one new low; the Nasdaq Composite recorded 70 new highs and 78 new lows.
Tech stocks take the lead in November https://tmsnrt.rs/49DypwJ
(Reporting by Sinéad Carew in New York, Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang)
((sinead.carew@thomsonreuters.com; +13322191897;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The news set a positive tone for the technology sector, which was also lifted by other megacap stocks, including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support. Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates.
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The news set a positive tone for the technology sector, which was also lifted by other megacap stocks, including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support. The Dow Jones Industrial Average .DJI rose 191.4 points, or 0.55%, to 35,138.68, the S&P 500 .SPX gained 31.6 points, or 0.70%, at 4,545.62 and the Nasdaq Composite .IXIC added 148.62 points, or 1.05%, at 14,274.10.
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The news set a positive tone for the technology sector, which was also lifted by other megacap stocks, including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support. It likes what it sees in earnings reports and it's in the holiday mood," said Zaro, noting that investors may be preparing for a rally which often comes with the year-end holiday season.
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The news set a positive tone for the technology sector, which was also lifted by other megacap stocks, including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, and lower Treasury yields also provided some support. It likes what it sees in earnings reports and it's in the holiday mood," said Zaro, noting that investors may be preparing for a rally which often comes with the year-end holiday season.
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12449.0
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2023-11-20 00:00:00 UTC
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US STOCKS-Nasdaq leads Wall Street's gains as Microsoft hits record high
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-leads-wall-streets-gains-as-microsoft-hits-record-high-0
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nan
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nan
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By Sinéad Carew and Amruta Khandekar
Nov 20 (Reuters) - Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support.
The S&P 500 information technology sub-index .SPLRCT was the top gainer among the S&P 500's 11 major sectors, getting its biggest boost from Microsoft MSFT.Oshares which touched a record high.
Microsoft CEO Satya Nadella said Sam Altman, who headed OpenAI until he was ousted late last week, was set to join Microsoft to lead a new advanced AI research team. Microsoft will also take on Greg Brockman, another OpenAI cofounder, as well as other researchers.
The news set a positive tone for the technology sector, which was also lifted heavyweight stocks including Apple AAPL.O and Nvidia NVDA.O.
Investors have been cheering a better-than-expected earnings season and the ongoing trend of falling Treasury yields, said Bruce Zaro, managing director at Granite Wealth Management in Providence, Rhode Island.
"The market likes what it sees in the behaving bond market. It likes what it sees in earnings reports and it's in the holiday mood," said Zaro, noting that investors may be preparing for a rally which often comes with the year-end holiday season.
According to preliminary data, the S&P 500 .SPX gained 34.03 points, or 0.75%, to end at 4,548.05 points, while the Nasdaq Composite .IXIC gained 159.05 points, or 1.13%, to 14,284.53. The Dow Jones Industrial Average .DJI rose 203.76 points, or 0.60%, to 35,155.75.
Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates. The benchmark S&P 500 .SPX was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone.
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, and have started pricing in rate cuts as soon as March, according to the CME Group's FedWatch tool.
While trading volume is often thin ahead of Thursday's U.S. Thanksgiving holiday, investors will have at least two potential catalysts to monitor.
One is the quarterly report, due out on Tuesday from chip designer Nvidia NVDA.O, whose stock is seen as one of the best ways to bet on the emerging artificial intelligence industry. Nvidia's results will wrap up the earnings season for the so-called "Magnificent Seven" group of megacap companies.
Also on Tuesday, the Fed is expected to issue minutes of its November meeting, which may provide clues on the direction of U.S. interest rates.
Capping off the week, foot traffic at stores on Black Friday could provide a gauge on the state of U.S. consumer spending.
Among individual movers, Bristol Myers SquibbBMY.N fell as Germany's Bayer BAYGn.DE on Sunday stopped a late-stage trial testing a new anti-clotting drug, hurting investor confidence in all firms developing similar class of drugs.
BoeingBA.N rose after Deutsche Bank upgraded the aerospace company to "buy" from "hold" and raised its price target to $270 from $204.
Tech stocks take the lead in November https://tmsnrt.rs/49DypwJ
(Reporting by Sinéad Carew in New York, Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel, Pooja Desai and Richard Chang)
((sinead.carew@thomsonreuters.com; +13322191897;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The news set a positive tone for the technology sector, which was also lifted heavyweight stocks including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support. Wall Street's main indexes have staged a rebound so far in November, after about three months of weakness as evidence of easing U.S. inflation supported bets that the Federal Reserve was done raising interest rates.
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The news set a positive tone for the technology sector, which was also lifted heavyweight stocks including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support. The Dow Jones Industrial Average .DJI rose 203.76 points, or 0.60%, to 35,155.75.
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The news set a positive tone for the technology sector, which was also lifted heavyweight stocks including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support. It likes what it sees in earnings reports and it's in the holiday mood," said Zaro, noting that investors may be preparing for a rally which often comes with the year-end holiday season.
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The news set a positive tone for the technology sector, which was also lifted heavyweight stocks including Apple AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Amruta Khandekar Nov 20 (Reuters) - Wall Street's three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support. The S&P 500 information technology sub-index .SPLRCT was the top gainer among the S&P 500's 11 major sectors, getting its biggest boost from Microsoft MSFT.Oshares which touched a record high.
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12450.0
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2023-11-20 00:00:00 UTC
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Up 45% Since The Beginning Of 2023, Where Is Apple Stock Headed?
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AAPL
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https://www.nasdaq.com/articles/up-45-since-the-beginning-of-2023-where-is-apple-stock-headed
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nan
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Apple (NASDAQ:AAPL) stock has fared well this year, rising by about 45% year-to-date despite a tough demand environment following the easing of Covid-19. While Apple’s Q4 FY’23 results published earlier this month were better than anticipated, revenue stood at $89.50 billion, marking a decline of about 1% versus last year. Earnings came in at $1.46 per share. Apple’s outlook for the crucial Holiday quarter was also weaker than expected, with the company expecting overall revenue to remain flat with the year-ago period, compared to the consensus estimates which predicted growth of roughly 5%. So what has been driving Apple stock higher in recent months?
Apple’s computing products have seen the biggest hit of late as demand from the remote working and learning trend has eased following the pandemic, with PCs and tablets at large taking a hit. For perspective, Apple’s Mac revenue fell 34% to $7.6 billion in Q4, while iPad revenue was $6.4 billion, down 10%. However, it is likely that the PC market is bottoming out, with demand expected to pick up from the next year, with trends such as generative artificial intelligence expected to boost overall IT spending and demand for computers. Sales of the iPhone have proven a bit more resilient with revenue up 3%, given the traction that Apple is seeing in emerging markets such as India, Indonesia, and Turkey with financing plans and trade-in programs helping drive demand. Moreover, the launch of the iPhone 15 late in the last quarter could also help Apple to an extent. Although Apple has largely held on to prices across the line-up, a more favorable sales mix skewed towards the top-end iPhone Pro models could drive revenue growth. Investors are also likely pleased with the surprise turnaround in growth for Apple’s highly lucrative services segment. Services sales grew 16% to $22.3 billion in Q4, returning to double-digit growth, after growing by just 5% in Q2 and 8% in Q3 FY’23, led by the App Store, advertising, AppleCare, iCloud, payment services, and AppleTV+. Apple says that it now has over 1 billion paid subscriptions on its platforms, with its total device installed base standing at over 2 billion. Apple’s gross margins are also surging to record highs. Over Q4, margins stood at 45.2%, up 70 basis points sequentially. This growth has been driven by a favorable product mix – with Apple getting customers to opt for the pricier Pro version of its products – and also due to higher service sales. Products gross margin stood at 36.6%, up 120 basis points sequentially, while Services gross margin stood at 70.9%, up 40 basis points from last quarter.
Overall, AAPL stock has seen extremely strong gains of 40% from levels of $130 in early January 2021 to around $185 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. However, the increase in AAPL stock has been far from consistent. Returns for the stock were 35% in 2021, -26% in 2022, and 45% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 17% in 2023 (YTD) – indicating that AAPL underperformed the S&P in 2022. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for other heavyweights in the Information Technology sector including MSFT, NVDA, and AVGO, and even for the megacap stars GOOG, TSLA, and AMZN. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could AAPL face a similar situation as it did in 2022 and underperform the S&P over the next 12 months – or will it see a strong jump?
Despite signs that Apple could see a turnaround in demand, we value Apple at about $178 per share, which is 4% below the market price. We think Apple’s valuation is a bit rich with the stock trading at about 28x 2024 earnings, which is elevated compared to historical levels. Moreover, revenue growth is also likely to remain in mid-single digit levels over the next two years, per consensus estimates. See our analysis of Apple Valuation for more details on what’s driving our price estimate for Apple and how it compares with peers.
Returns Nov 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
AAPL Return 10% 45% 595%
S&P 500 Return 7% 17% 101%
Trefis Reinforced Value Portfolio 7% 26% 546%
[1] Month-to-date and year-to-date as of 11/14/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could AAPL face a similar situation as it did in 2022 and underperform the S&P over the next 12 months – or will it see a strong jump? Apple (NASDAQ:AAPL) stock has fared well this year, rising by about 45% year-to-date despite a tough demand environment following the easing of Covid-19. Overall, AAPL stock has seen extremely strong gains of 40% from levels of $130 in early January 2021 to around $185 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period.
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Total [2] AAPL Return 10% 45% 595% S&P 500 Return 7% 17% 101% Trefis Reinforced Value Portfolio 7% 26% 546% [1] Month-to-date and year-to-date as of 11/14/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Apple (NASDAQ:AAPL) stock has fared well this year, rising by about 45% year-to-date despite a tough demand environment following the easing of Covid-19. Overall, AAPL stock has seen extremely strong gains of 40% from levels of $130 in early January 2021 to around $185 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period.
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Total [2] AAPL Return 10% 45% 595% S&P 500 Return 7% 17% 101% Trefis Reinforced Value Portfolio 7% 26% 546% [1] Month-to-date and year-to-date as of 11/14/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Apple (NASDAQ:AAPL) stock has fared well this year, rising by about 45% year-to-date despite a tough demand environment following the easing of Covid-19. Overall, AAPL stock has seen extremely strong gains of 40% from levels of $130 in early January 2021 to around $185 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period.
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Total [2] AAPL Return 10% 45% 595% S&P 500 Return 7% 17% 101% Trefis Reinforced Value Portfolio 7% 26% 546% [1] Month-to-date and year-to-date as of 11/14/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Apple (NASDAQ:AAPL) stock has fared well this year, rising by about 45% year-to-date despite a tough demand environment following the easing of Covid-19. Overall, AAPL stock has seen extremely strong gains of 40% from levels of $130 in early January 2021 to around $185 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period.
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12451.0
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2023-11-20 00:00:00 UTC
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Billionaires Bullish on Big Tech: ETFs in Focus
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AAPL
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https://www.nasdaq.com/articles/billionaires-bullish-on-big-tech%3A-etfs-in-focus
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nan
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nan
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Who doesn’t dream of becoming an iconic investor like Warren Buffett, Carl Icahn, Daniel Loeb, David Tepper, Stanley Druckenmiller or David Einhorn? Keeping investors’ aspirations in mind, we have profiled a few stocks and ETFs below that billionaire investors are currently picking.
The latest 13-F filings of billionaires indicate that most are still bullish on big techs, even after a 32.6% price rise in Roundhill Magnificent Seven ETF MAGS. 13F disclosures should not be viewed as direct indicators, but as tools to strengthen confidence in a particular market sector or area.
Keeping investors’ aspirations in mind, we have profiled an area — Big Tech — that billionaire investors are betting on currently.
Follow Warren Buffett by Investing in Apple
Billionaire investor Warren Buffett is known for his winning investing style. Buffett’s company Berkshire Hathaway’s latest 13-F filing showed that Berkshire’s $313 billion portfolio was invested in 45 companiesin the third quarter of 2023. Berkshire was a net seller of about $5.3 billion in stocks during the quarter.
Buffett is outright bullish on Apple AAPL despite its slowing growth. Apple remains his largest holding at a staggering 50% allocation. Buffett famously loves cash-rich companies. Even though Apple’s growth has slowed, it still has a hoard of cash on hand. However, Buffett pared a small holding in Amazon (AMZN).
Investors intending to follow Buffett and be part of Apple’s value as well as growth story, can play ETFs like iShares Dow Jones US Technology ETF IYW, Select Sector SPDR Technology ETF XLK and Vanguard Information Technology ETF (VGT).
David Tepper Bets on Big Tech
Tepper expects the strength in big-cap tech to continue. His top five positions include Nvidia NVDA (increased stake by 580%), Meta Platforms META, Microsoft MSFT, Amazon (AMZN), and Alibaba (BABA). With interest rates likely to fall in 2024 and tech being the essence of the new normal lifestyle, Tepper’s bets make sense. However, David Tepper's Appaloosa exited position in Apple in the third quarter.
Roundhill Magnificent Seven ETF (MAGS) would be a good bet for following David Tepper. Investors can play Alibaba-heavy ETFs like MicroSectors FANG+ ETN FNGS and ProShares Online Retail ETF ONLN. ETFs like ONLN, Vanguard Consumer Discretionary ETF VCR and Consumer Discretionary Select Sector SPDR Fund (XLY) are good for Amazon plays.
The stock MSFT has a strong position in ETFs like Technology Select Sector SPDR Fund XLK and Fidelity MSCI Information Technology Index ETF FTEC. The stock META has a huge weight in Communication Services Select Sector SPDR Fund XLC andFidelity MSCI Communication Services Index ETF (FCOM).
Stanley Druckenmiller: A Fan of AI
Stanley Druckenmiller is perhaps best known for breaking the Bank of England with famed investor George Soros in 1992. Druckenmiller has maintained a winning record throughout his career, spanning over three decades, without ever experiencing a losing year.
Druckenmiller’s top five positions include NVDA (reduced by 7%), Korean e-commerce company Coupang (CPNG), Microsoft MSFT (added 22%), Eli Lilly LLY and Teck Resources (TECK). In the past, Druckenmiller has compared the potential of artificial intelligence (AI) with the Internet, making it unsurprising that he has a significant allocation in this sector.
Although he decreased his position in NVDA, it still constitutes his largest investment, suggesting his continued optimism about the stock while possibly engaging in tactical trading within his core position. Nvidia has a solid position in VanEck Semiconductor ETF SMH and AXS Esoterica NextG Economy ETF WUGI.
Follow Bill Ackman by Investing in Alphabet
Bill Ackman, too, has exposure to AI. The value of Alphabet’s position was $1.2 billion at the end of September. His portfolio also held about $569.9 million worth of Alphabet's Class A shares. Alphabet-heavy ETFs are XLC, FCOM and Vanguard Communication Services ETF VOX. Each fund holds GOOG shares at about 10%.
Jim Simons Loves Microsoft Amongst Magnificent Seven
Simonsis known for his quantitative approach to investing. He has established a highly successful hedge fund, utilizing intricate algorithms and comprehensive data analysis for trading decisions. His approach, grounded in science and a critical view of statistical anomalies, has redefined excellence in the investment industry. Simons has also boosted stakes in companies like Microsoft, Netflix (NFLX). Although he still holds Meta and Tesla, their positions have been reduced considerably.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
VanEck Semiconductor ETF (SMH): ETF Research Reports
Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports
Vanguard Communication Services ETF (VOX): ETF Research Reports
Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports
iShares U.S. Technology ETF (IYW): ETF Research Reports
Roundhill Magnificent Seven ET (MAGS): ETF Research Reports
Communication Services Select Sector SPDR ETF (XLC): ETF Research Reports
ProShares Online Retail ETF (ONLN): ETF Research Reports
MicroSectors FANG+ ETN (FNGS): ETF Research Reports
AXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Buffett is outright bullish on Apple AAPL despite its slowing growth. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Vanguard Communication Services ETF (VOX): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Roundhill Magnificent Seven ET (MAGS): ETF Research Reports Communication Services Select Sector SPDR ETF (XLC): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports MicroSectors FANG+ ETN (FNGS): ETF Research Reports AXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest 13-F filings of billionaires indicate that most are still bullish on big techs, even after a 32.6% price rise in Roundhill Magnificent Seven ETF MAGS.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Vanguard Communication Services ETF (VOX): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Roundhill Magnificent Seven ET (MAGS): ETF Research Reports Communication Services Select Sector SPDR ETF (XLC): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports MicroSectors FANG+ ETN (FNGS): ETF Research Reports AXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Buffett is outright bullish on Apple AAPL despite its slowing growth. ETFs like ONLN, Vanguard Consumer Discretionary ETF VCR and Consumer Discretionary Select Sector SPDR Fund (XLY) are good for Amazon plays.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Vanguard Communication Services ETF (VOX): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Roundhill Magnificent Seven ET (MAGS): ETF Research Reports Communication Services Select Sector SPDR ETF (XLC): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports MicroSectors FANG+ ETN (FNGS): ETF Research Reports AXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Buffett is outright bullish on Apple AAPL despite its slowing growth. Investors intending to follow Buffett and be part of Apple’s value as well as growth story, can play ETFs like iShares Dow Jones US Technology ETF IYW, Select Sector SPDR Technology ETF XLK and Vanguard Information Technology ETF (VGT).
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Vanguard Communication Services ETF (VOX): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Roundhill Magnificent Seven ET (MAGS): ETF Research Reports Communication Services Select Sector SPDR ETF (XLC): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports MicroSectors FANG+ ETN (FNGS): ETF Research Reports AXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Buffett is outright bullish on Apple AAPL despite its slowing growth. Follow Warren Buffett by Investing in Apple Billionaire investor Warren Buffett is known for his winning investing style.
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12452.0
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2023-11-20 00:00:00 UTC
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Dow Analyst Moves: AAPL
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AAPL
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https://www.nasdaq.com/articles/dow-analyst-moves%3A-aapl-7
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nan
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nan
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The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Apple is the #12 analyst pick. Apple also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #149 spot out of 500.
Looking at the stock price movement year to date, Apple is showing a gain of 47.1%.
VIDEO: Dow Analyst Moves: AAPL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: Dow Analyst Moves: AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Apple is the #12 analyst pick. Apple also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #149 spot out of 500.
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VIDEO: Dow Analyst Moves: AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Apple is the #12 analyst pick. Apple also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #149 spot out of 500.
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VIDEO: Dow Analyst Moves: AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Apple is the #12 analyst pick. Apple also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #149 spot out of 500.
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VIDEO: Dow Analyst Moves: AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Apple is the #12 analyst pick. Apple also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #149 spot out of 500.
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12453.0
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2023-11-19 00:00:00 UTC
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A Bull Market Is Coming: 2 "Magnificent Seven" Stocks to Buy Hand Over Fist Before They Rally 58% and 122%, According to Select Wall Street Analysts
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AAPL
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https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-2-magnificent-seven-stocks-to-buy-hand-over-fist-before-they-0
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nan
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nan
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Last year was one that Wall Street would rather soon forget. However, after enduring the worst stock market performance in more than a decade, investors finally have reason to be optimistic. The S&P 500 has climbed 25% from its bear market low (as of this writing) and sits less than 6% below its all-time high. Once the index surpasses that level, it will mark the final criteria signaling the arrival of the next bull market.
What makes the recent rally unique is how unequal it has been. Many stocks are still struggling to gather momentum, while the so-called "Magnificent Seven" stocks (listed below in alphabetical order) have run circles around the broader market so far this year:
Alphabet -- Up 51%
Amazon (NASDAQ: AMZN) -- Up 72%
Apple -- Up 44%
Meta Platforms -- Up 180%
Microsoft -- Up 54%
Nvidia (NASDAQ: NVDA) -- Up 240%
Tesla -- Up 93%
Despite being among the top gainers of 2023, two of these tech stocks still have plenty of potential upside and could gain 58% and 122%, respectively, over the coming 12 to 18 months, according to analysts.
Image source: Getty Images.
Magnificent Seven buy No. 1: Amazon -- 58% implied upside
Part of the attraction of Amazon is the diversification investors can get from just one stock. The company has established itself as the undisputed leader in e-commerce and cloud computing, yet never stops innovating. Amazon is also a force to be reckoned with in digital advertising, streaming video, artificial intelligence (AI), video game streaming (via Twitch), consumer electronics, and more. This host of opportunities could help drive Amazon stock to new highs.
The elephant in the room, of course, is the state of the economy, but the recent cooling of inflation and the potential for interest rate cuts next year are encouraging. As the leading digital retailer, Amazon will no doubt benefit from the inevitable rise in consumer spending. So far this year, the company captured approximately 38% of all e-commerce transactions in the U.S. -- more than the next 14 online retailers combined, according to online data provider Statista.
There's also the significant opportunity afforded by the accelerating adoption of cloud computing and AI, where Amazon also has a big advantage. In the face of rising competition, Amazon Web Services (AWS) continues to maintain its position as the leading provider of cloud infrastructure services, with 30% of the market, according to cloud data provider Canalys. Recent demand for generative AI could spur additional growth, as AWS offers expanded AI services to its cloud customers.
Despite its already impressive performance, Redburn analyst Alex Haissl is still remarkably bullish on Amazon, maintaining a buy rating on the stock and raising the price target to $230, implying an additional upside of 58%. Haissl believes investors are underestimating how quickly Amazon's growth will reaccelerate, arguing "the outlook for Amazon is exceptional."
The analyst isn't the only one still bullish on Amazon. Of the 53 analysts that issued an opinion in October, 51 rated the stock a buy or strong buy, and not one recommended selling.
There's another reason to buy Amazon stock now. Despite its recent run-up, the stock is selling for just 2 times next year's sales. While it's not the screaming buy it was just months ago, the stock is still priced near its lowest valuation since 2016. This represents a compelling opportunity to load up on Amazon stock and hold for years, if not decades.
Magnificent Seven buy No. 2: Nvidia -- 122% implied upside
There's a solid argument that the strong and growing demand for generative AI has helped fuel the market rally this year, and the clear and undisputed winner of this trend has been Nvidia. The company's graphics processing units (GPUs) were already the gold standard for AI processing, but the release of the next-generation H200 Hopper chip just days ago cemented Nvidia's AI credentials. The new AI superchip delivers "nearly double the capacity and 2.4x more bandwidth" compared to its predecessor, the A100.
Nvidia's recent results help illustrate the surge in demand for all things AI. For its fiscal 2024 second quarter (ended July 30), Nvidia delivered record revenue of $13.5 billion, which soared 101% year over year, while its diluted earnings per share (EPS) of $2.48 surged 854%. Data center revenue, which includes processors used for AI, jumped 171%, spurred on by the rapid adoption of generative AI.
Management is forecasting another record quarter, guiding for revenue of $16 billion, an increase of 317% year over year, driven by soaring adoption of AI.
Despite the stock's gains of 244% so far this year, Rosenblatt analyst Hans Mosesmann believes there's more to come. The analyst maintained his buy rating on Nvidia, boosting his firm's price target to $1,100, suggesting the stock could more than double from here. The analyst cited the company's triple-digit year-over-year revenue growth last quarter -- and a similar forecast for the current quarter -- calling it "unprecedented." Furthermore, with an installed base estimated at $1 trillion, the data center market is in the midst of a paradigm shift to support high-performance computing and generative AI, giving Nvidia a long runway for growth ahead.
The analyst isn't alone in his enthusiasm. Of the 53 analysts who issued opinions on Nvidia in October, 50 rated it a buy or strong buy, and none recommended selling.
Nvidia's valuation is a sticking point for some investors and that's certainly understandable. The stock is selling for 45 times forward earnings and 15 times forward sales (as of this writing), but its valuation can't be viewed in a vacuum. Nvidia's triple-digit earnings growth caused its price-to-earnings ratio to contract by half after its last report, illustrating why it's deserving of a premium. Yet, a similar performance in the current quarter will further reduce its valuation. The AI revolution has only just begun, giving Nvidia powerful secular tailwinds to drive its future growth.
10 stocks we like better than Amazon
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 6, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Danny Vena has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The elephant in the room, of course, is the state of the economy, but the recent cooling of inflation and the potential for interest rate cuts next year are encouraging. Despite its already impressive performance, Redburn analyst Alex Haissl is still remarkably bullish on Amazon, maintaining a buy rating on the stock and raising the price target to $230, implying an additional upside of 58%. Furthermore, with an installed base estimated at $1 trillion, the data center market is in the midst of a paradigm shift to support high-performance computing and generative AI, giving Nvidia a long runway for growth ahead.
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In the face of rising competition, Amazon Web Services (AWS) continues to maintain its position as the leading provider of cloud infrastructure services, with 30% of the market, according to cloud data provider Canalys. Danny Vena has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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Many stocks are still struggling to gather momentum, while the so-called "Magnificent Seven" stocks (listed below in alphabetical order) have run circles around the broader market so far this year: Alphabet -- Up 51% Amazon (NASDAQ: AMZN) -- Up 72% Apple -- Up 44% Meta Platforms -- Up 180% Microsoft -- Up 54% Nvidia (NASDAQ: NVDA) -- Up 240% Tesla -- Up 93% Despite being among the top gainers of 2023, two of these tech stocks still have plenty of potential upside and could gain 58% and 122%, respectively, over the coming 12 to 18 months, according to analysts. Despite its already impressive performance, Redburn analyst Alex Haissl is still remarkably bullish on Amazon, maintaining a buy rating on the stock and raising the price target to $230, implying an additional upside of 58%. See the 10 stocks *Stock Advisor returns as of November 6, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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There's another reason to buy Amazon stock now. Of the 53 analysts who issued opinions on Nvidia in October, 50 rated it a buy or strong buy, and none recommended selling. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them!
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12454.0
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2023-11-19 00:00:00 UTC
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Apple's Secretly a Digital Advertising Giant Bringing in Tens of Billions in Revenue
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AAPL
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https://www.nasdaq.com/articles/apples-secretly-a-digital-advertising-giant-bringing-in-tens-of-billions-in-revenue
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nan
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nan
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Any iPhone owner knows Apple (NASDAQ: AAPL) has been aggressively building an advertising business. The growing number of sponsored listings in the App Store search is all the evidence you need.
In fact, at least one analyst believes Apple could generate $7.5 billion in ad sales across the App Store, News, Stocks, Maps, Podcasts, and TV+. And that number could climb significantly higher in the near future, as Apple works to develop key ad technology that would unlock a lot of growth for the business.
But Apple has a second, much bigger source of ad revenue than selling ads in the App Store and its other apps. And investors recently learned more details about just how big this extremely high-margin ad revenue is.
Apple's other massively profitable digital advertising business
Thanks to Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) ongoing antitrust court battle, some very interesting details became public about how the digital advertising business works.
Specifically, the public learned exactly how much Google pays Apple every year to remain the default search engine in Safari, the web browser pre-installed on iPhones, iPads, and Macs. An expert witness for Alphabet revealed the company pays Apple 36% of revenue generated through searches. The next day, Google CEO Sundar Pichai confirmed that number in his own testimony.
That's a revenue source worth $18 billion or $19 billion, according to various estimates. Nearly 100% of which flows straight to Apple's bottom line.
That's a huge amount, representing 36% to 38% of Google's total traffic acquisition costs over the past year. It's highly unlikely Apple is driving over a third of Google's traffic, but there's a reason Alphabet is willing to pay a premium to Apple for its position in Safari.
Apple users are worth more.
Since Apple focuses on premium products with high price tags, its web browser is primarily used by people with more disposable income. And users with more money to spend are more attractive to advertisers. So advertisers pay more for ads on an Apple device than they do for ads on other devices. Therefore, while Google might have to pay out more of that revenue to Apple, it comes out ahead in the long run by capturing a greater share of those valuable ad impressions.
The ongoing court case threatens to get rid of agreements like the one Google struck with Apple. That could hurt both companies. But Apple is in a great position to mitigate any negative impact from the ongoing trial.
Owning the platform is more valuable than owning the service
If there's one thing Google's deal with Apple proves, it's the immense value of Apple's platform.
With the power to direct its users toward one service or another, Apple is positioned to generate a lot of revenue no matter what. And if it's determined that deals like the one Google made to pay for default positioning violate antitrust laws, Apple can develop its own search engine.
We now know Apple needs to capture 36% of the ad spend Google was bringing in on Safari browsers. That's a high bar, and it could take Apple a long time to get there, but it's not insurmountable. Apple could do it by building its own search engine.
Of note, 37% of iPhone users now use Apple Maps, according to Near Media, and a 9to5mac poll found more people prefer Apple Maps (46.6%) to Google Maps (44.1%). That goes to show the power of defaults plus Apple's ability to build a competitive service.
But it's one thing for Apple to build a competitive service and another for it to be able to monetize it at the same level as Google. That's where its ongoing work in developing ad technology for its existing properties comes in. Most notably, Apple's developing a demand-side platform, or DSP.
A DSP is a key piece of ad technology that allows marketers to buy ads programmatically and at scale across properties. It's an essential tool for Apple to offer ad buyers if it wants to take the business to the next level.
To be sure, a loss for Alphabet in court would be a big blow to Apple, but it'd be a bigger blow to Alphabet. Apple could recover, while Google may face more competition, including in the form of an Apple-developed search engine.
While Apple stock trades for a premium at 31.4 times fiscal 2024 earnings estimates to Alphabet's 22.8 multiple, there are several financial reasons for Apple to trade at a premium. Add to that its competitive position as a platform owner instead of a service provider as another reason it's worth paying up to invest in Apple stock.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 15, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Adam Levy has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Any iPhone owner knows Apple (NASDAQ: AAPL) has been aggressively building an advertising business. And that number could climb significantly higher in the near future, as Apple works to develop key ad technology that would unlock a lot of growth for the business. Specifically, the public learned exactly how much Google pays Apple every year to remain the default search engine in Safari, the web browser pre-installed on iPhones, iPads, and Macs.
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Any iPhone owner knows Apple (NASDAQ: AAPL) has been aggressively building an advertising business. Apple's other massively profitable digital advertising business Thanks to Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) ongoing antitrust court battle, some very interesting details became public about how the digital advertising business works. Specifically, the public learned exactly how much Google pays Apple every year to remain the default search engine in Safari, the web browser pre-installed on iPhones, iPads, and Macs.
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Any iPhone owner knows Apple (NASDAQ: AAPL) has been aggressively building an advertising business. It's highly unlikely Apple is driving over a third of Google's traffic, but there's a reason Alphabet is willing to pay a premium to Apple for its position in Safari. Owning the platform is more valuable than owning the service If there's one thing Google's deal with Apple proves, it's the immense value of Apple's platform.
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Any iPhone owner knows Apple (NASDAQ: AAPL) has been aggressively building an advertising business. But Apple has a second, much bigger source of ad revenue than selling ads in the App Store and its other apps. It's highly unlikely Apple is driving over a third of Google's traffic, but there's a reason Alphabet is willing to pay a premium to Apple for its position in Safari.
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12455.0
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2023-11-19 00:00:00 UTC
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$248 Billion of Warren Buffett's Portfolio Is Invested in 7 Stocks That Check Off This 1 Important Box
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AAPL
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https://www.nasdaq.com/articles/%24248-billion-of-warren-buffetts-portfolio-is-invested-in-7-stocks-that-check-off-this-1
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nan
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nan
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What does Warren Buffett really, really like to see in a stock? We could read all of his annual letters to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders to find out. We could also go back to the many interviews the legendary investor has given through the years.
But perhaps the best approach is to examine what Buffett has done instead of what he's said. How? Check out the stocks that are actually in Berkshire's portfolio. Roughly $248 billion of Buffett's $354 billion portfolio is invested in seven stocks that check off one important box.
Cash flow is king
Let's first address the important common denominator for the seven stocks. You've probably heard the adage, "Cash is king." I suspect that Buffett would tweak the expression to say, "Cash flow is king." In particular, free cash flow ranks as a critical metric for evaluating a stock.
Buffett prefers to use the term "owner's earnings" for what many investors call free cash flow. That's a good way of thinking about the financial metric. It measures the cash left over after a company pays all of its operating costs and makes any capital expenditures. In other words, free cash flow basically is the earnings that the company's owners (for a public company, its shareholders) ultimately have available.
Free cash flow can be used to invest in growing the business. It can be used to pay dividends. It can also be used in stock buybacks, which boost the value of existing shares.
Buffett's "Magnificent Seven"
Buffett once stated, "We are trying to look at businesses in terms of what kind of cash can they produce if we're buying all of them, or will they produce, if we're buying part of them." The Oracle of Omaha definitely appears to put Berkshire's money where his mouth is. The table below shows the seven stocks in Berkshire's portfolio that generate a massive amount of free cash flow.
STOCK FREE CASH FLOW VALUE OF BERKSHIRE STAKE
Apple (NASDAQ: AAPL) $99.6 billion $173.5 billion
Bank of America (NYSE: BAC) $43.3 billion $30.2 billion
American Express (NYSE: AXP) $18.6 billion $24.0 billion
Chevron (NYSE: CVX) $20.4 billion $15.6 billion
Visa (NYSE: V) $19.7 billion $2.1 billion
Amazon (NASDAQ: AMZN) $16.9 billion $1.4 billion
Capital One Financial (NYSE: COF) $20.6 billion $1.3 billion
Total $248.4 billion
Data sources: YCharts, CNBC. Values of Berkshire stakes as of Nov. 16, 2023.
Apple is obviously the 800-pound gorilla in Berkshire's portfolio. Not so coincidentally, the tech giant also ranks as the biggest free cash flow machine among the conglomerate's holdings. Apple's iPhone ecosystem continues to churn out cash quarter after quarter.
Winners all around
It's not surprising that all seven of these Buffett stocks have been huge winners over the long term. Most have delivered impressive gains over the last decade.
Granted, some of them have experienced challenges at times. Bank of America has been negatively impacted by the banking crisis this year. Chevron's fortunes ebb and flow with oil and gas price swings.
However, the strong free cash flow generated by these stocks reflects their solid underlying businesses. Several of them claim exceptional economic boats (Apple, Amazon, and Visa especially stand out on this front).
Investors looking for great long-term stocks to buy should be able to find excellent ideas from Buffett's "Magnificent Seven." Companies like Apple, Bank of America, American Express, Chevron, Visa, Amazon, and Capital One are likely to continue delivering growth and rewarding shareholders through dividends and/or stock buybacks for years to come.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 15, 2023
American Express is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Keith Speights has positions in Amazon, Apple, Bank of America, and Berkshire Hathaway. The Motley Fool has positions in and recommends Amazon, Apple, Bank of America, Berkshire Hathaway, and Visa. The Motley Fool recommends Chevron. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) $99.6 billion $173.5 billion Bank of America (NYSE: BAC) $43.3 billion $30.2 billion American Express (NYSE: AXP) $18.6 billion $24.0 billion Chevron (NYSE: CVX) $20.4 billion $15.6 billion Visa (NYSE: V) $19.7 billion $2.1 billion Amazon (NASDAQ: AMZN) $16.9 billion $1.4 billion Capital One Financial (NYSE: COF) $20.6 billion $1.3 billion Total $248.4 billion Data sources: YCharts, CNBC. Not so coincidentally, the tech giant also ranks as the biggest free cash flow machine among the conglomerate's holdings. Companies like Apple, Bank of America, American Express, Chevron, Visa, Amazon, and Capital One are likely to continue delivering growth and rewarding shareholders through dividends and/or stock buybacks for years to come.
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Apple (NASDAQ: AAPL) $99.6 billion $173.5 billion Bank of America (NYSE: BAC) $43.3 billion $30.2 billion American Express (NYSE: AXP) $18.6 billion $24.0 billion Chevron (NYSE: CVX) $20.4 billion $15.6 billion Visa (NYSE: V) $19.7 billion $2.1 billion Amazon (NASDAQ: AMZN) $16.9 billion $1.4 billion Capital One Financial (NYSE: COF) $20.6 billion $1.3 billion Total $248.4 billion Data sources: YCharts, CNBC. Companies like Apple, Bank of America, American Express, Chevron, Visa, Amazon, and Capital One are likely to continue delivering growth and rewarding shareholders through dividends and/or stock buybacks for years to come. The Motley Fool has positions in and recommends Amazon, Apple, Bank of America, Berkshire Hathaway, and Visa.
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Apple (NASDAQ: AAPL) $99.6 billion $173.5 billion Bank of America (NYSE: BAC) $43.3 billion $30.2 billion American Express (NYSE: AXP) $18.6 billion $24.0 billion Chevron (NYSE: CVX) $20.4 billion $15.6 billion Visa (NYSE: V) $19.7 billion $2.1 billion Amazon (NASDAQ: AMZN) $16.9 billion $1.4 billion Capital One Financial (NYSE: COF) $20.6 billion $1.3 billion Total $248.4 billion Data sources: YCharts, CNBC. Companies like Apple, Bank of America, American Express, Chevron, Visa, Amazon, and Capital One are likely to continue delivering growth and rewarding shareholders through dividends and/or stock buybacks for years to come. See the 10 stocks *Stock Advisor returns as of November 15, 2023 American Express is an advertising partner of The Ascent, a Motley Fool company.
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Apple (NASDAQ: AAPL) $99.6 billion $173.5 billion Bank of America (NYSE: BAC) $43.3 billion $30.2 billion American Express (NYSE: AXP) $18.6 billion $24.0 billion Chevron (NYSE: CVX) $20.4 billion $15.6 billion Visa (NYSE: V) $19.7 billion $2.1 billion Amazon (NASDAQ: AMZN) $16.9 billion $1.4 billion Capital One Financial (NYSE: COF) $20.6 billion $1.3 billion Total $248.4 billion Data sources: YCharts, CNBC. Buffett prefers to use the term "owner's earnings" for what many investors call free cash flow. Companies like Apple, Bank of America, American Express, Chevron, Visa, Amazon, and Capital One are likely to continue delivering growth and rewarding shareholders through dividends and/or stock buybacks for years to come.
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12456.0
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2023-11-19 00:00:00 UTC
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Guru Fundamental Report for AAPL
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-20
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Top Technology Stocks
Top Large-Cap Growth Stocks
High Momentum Stocks
High Insider Ownership Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12457.0
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2023-11-19 00:00:00 UTC
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3 Top AI Stocks to Buy Beyond the "Magnificent Seven"
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AAPL
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https://www.nasdaq.com/articles/3-top-ai-stocks-to-buy-beyond-the-magnificent-seven
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nan
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nan
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The so-called "Magnificent Seven" stocks are terrific companies, one and all. They set the pace of the ongoing artificial intelligence (AI) revolution. You can hardly go through a normal day in America without interacting with at least five of the seven component companies. And the group I know by the more memorable acronym of "MAMA ANT" has made investors very happy with tremendous share price increases in 2023.
But therein lies the problem. The Magnificent Seven stocks are crushing the broader market to smithereens, with year-to-date gains ranging from 45% to 235% as of Nov. 15. And they are already some of the largest names on the stock market -- their market caps only go up from Tesla 's $772 billion.
Image source: Getty Images.
What if you want to invest in top-notch AI stocks without betting on a Magnificent Seven giant to continue rising from an already sky-high plateau? Luckily, there are plenty of promising AI investment with milder price trends and smaller market footprints.
So let's take a closer look at three of these tempting AI buys. Fun fact: as a tech specialist with a penchant for affordable high-growth stocks, I own two of the three stocks below. I also keep reaching for the "buy" button to finish the set -- but then I talk about the third stock again, which means I can't trade it for the next few days. And here I go again, recommending a great stock to you, dear reader, thus delaying that coveted buy once more. The things I do for y'all, right?
Anyway, I'll get around to completing my AI collection eventually. Now, let's get on with the show.
SoundHound AI is more experienced than you think
Starting with the one stock I don't own yet, you should know what SoundHound AI (NASDAQ: SOUN) is all about.
These days, SoundHound mainly offers AI-powered voice recognition services to automakers, fast-food restaurant chains, and other businesses. Its tools help the car react to your voice commands at the wheel, take drive-through orders with flawless accuracy, and manage automated phone system menus. The experience includes responses generated by a generative AI system, similar to an audio-focused spin on the ChatGPT chatbot service.
The customer list is quite impressive, even beyond the obvious target market of car brands. For example, Snap (NYSE: SNAP) provides auto captioning of Snapchatter videos with SoundHound's AI software and Netflix (NASDAQ: NFLX) includes the company's voice interface in its reference design for media-streaming set-top boxes.
SoundHound entered the public stock market in April 2022, merging with a special purpose acquisition company (SPAC). Thanks to the recent market entry plus the focus on a suddenly red-hot AI market, many investors see SoundHound as a puppy in the business world.
But the company has been around since 2005, mainly identifying songs on your smartphone in a service similar to Shazam, which Apple (NASDAQ: AAPL) acquired for $400 million in 2018. That wasn't a tremendously profitable business, but it helped SoundHound refine its machine learning tools for audio analysis and build the foundation of today's more business-friendly services.
In all fairness, SoundHound still behaves like a freshly minted start-up in many ways. Its revenue streams are small and lumpy, largely relying on a handful of larger contracts to drive the business forward. The SPAC-based initial public offering (IPO) put $118 million in the company's coffers, allowing SoundHound to chase new deals from well-funded position. Before that, those coffers held just $18,000 and a family of moths.
"Becoming a public company opens the door for expanded opportunities and to work with customers and partners across industries to continue our mission to voice-enable the world around us," said CEO Keyvan Mohajer when the SPAC merger closed.
That quest continues. Sales rose to $13.3 million in last week's third-quarter report while net losses fell by 40%. The backlog of unfilled order bookings stands at $342 million. In other words, SoundHound shows every sign of a healthy and growing business.
However, investors haven't really noticed. The stock has only gained 26% year-to-date and has lost a hair-raising 85% since the SPAC merger. We potential SoundHound investors still on the sidelines should celebrate these low prices, since we can pick up shares of a brilliant AI expert at a penny-pinching price.
When Wall Street gives you lemons, buy some Lemonade
The AI-driven insurance technologist called Lemonade (NYSE: LMND) stands out as a refreshing choice in the current market landscape. I started buying my shares years ago, on the premise that Lemonade's AI tools can disrupt the massive insurance market while removing human error from the business operation. The company hasn't delivered on that promise yet, but it is taking essential steps forward and the soaring revenue line doesn't lie -- Lemonade is onto something special.
LMND Revenue (TTM) data by YCharts
With an 18.4% uptick year to date, aligning closely with the S&P 500's performance, Lemonade has started a bit of a comeback after roughly three years of nearly constant price drops. I'm encouraged to see investors finally giving Lemonade a break, even if that means paying a bit more for those citrus-flavored shares. Still, the stock is trading more than 90% below the all-time highs near the start of 2021.
However, the real flavor of this opportunity lies in its explosive sales growth. Lemonade's trailing top-line sales have quadrupled in three years, from $97.5 million in the fall of 2021 to $402.7 million in the recently filed third-quarter 2023 report. At the same time, the company's gross loss ratio isstabilizing at a lower and more comfortable level as the AI systems continue to learn the finer points of assessing insurance claims and potential clients.
Despite these impressive figures, Lemonade's valuation remains modest, trading at just 3.4 times sales. This mismatch between the company's rapid growth and its relatively low valuation could signal a ripe opportunity for investors seeking to add a tangy twist to their portfolio with a potentially undervalued growth stock.
NXP is an unsung AI hero
I'll keep the third pick short and sweet. Shares of Dutch-American chip maker NXP Semiconductors (NASDAQ: NXPI) have gained a fairly modest 27% in 2023. They currently trade at the affordable valuation ratios of 18.6 times earnings and 3.9 times sales.
The company is a leader in crucial fields such as controller chips for industrial machinery, communications and identification processors for mobile devices and payment systems, and power controllers for tough environments like electric vehicle batteries.
If that doesn't sound like an AI investment, you should read the last paragraph again. Automated industrial machines are a prime market for AI solutions, and NXP provides chips for exactly that purpose. Smartphones and other mobile devices are adding heaps of AI-based features right about now, with NXP's semiconductors offering advanced security and reliability for the whole process. And the massive batteries in electric cars are constantly readjusting their power flows as cells heat up, wear out, and otherwise perform unevenly -- a perfect place to apply predictive machine learning to the omnipresent power delivery problem.
So NXP may not be a classic AI stock, at least in the most direct sense of that categorization. But the company plays into and supports AI systems everywhere, and the importance of these analytical powers will only grow in the coming years. And the stock is a mighty fine investment idea with or without the AI connection. You don't find a lot of world-class chip makers trading at NXP's mellow levels these days, as most of the usual suspects were swept up by the soaring AI craze.
10 stocks we like better than SoundHound AI
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and SoundHound AI wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Anders Bylund has positions in Lemonade, NXP Semiconductors, and Netflix. The Motley Fool has positions in and recommends Apple, Lemonade, Netflix, and Tesla. The Motley Fool recommends NXP Semiconductors. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the company has been around since 2005, mainly identifying songs on your smartphone in a service similar to Shazam, which Apple (NASDAQ: AAPL) acquired for $400 million in 2018. "Becoming a public company opens the door for expanded opportunities and to work with customers and partners across industries to continue our mission to voice-enable the world around us," said CEO Keyvan Mohajer when the SPAC merger closed. I started buying my shares years ago, on the premise that Lemonade's AI tools can disrupt the massive insurance market while removing human error from the business operation.
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But the company has been around since 2005, mainly identifying songs on your smartphone in a service similar to Shazam, which Apple (NASDAQ: AAPL) acquired for $400 million in 2018. Shares of Dutch-American chip maker NXP Semiconductors (NASDAQ: NXPI) have gained a fairly modest 27% in 2023. The Motley Fool has positions in and recommends Apple, Lemonade, Netflix, and Tesla.
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But the company has been around since 2005, mainly identifying songs on your smartphone in a service similar to Shazam, which Apple (NASDAQ: AAPL) acquired for $400 million in 2018. SoundHound AI is more experienced than you think Starting with the one stock I don't own yet, you should know what SoundHound AI (NASDAQ: SOUN) is all about. 10 stocks we like better than SoundHound AI When our analyst team has a stock tip, it can pay to listen.
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But the company has been around since 2005, mainly identifying songs on your smartphone in a service similar to Shazam, which Apple (NASDAQ: AAPL) acquired for $400 million in 2018. We potential SoundHound investors still on the sidelines should celebrate these low prices, since we can pick up shares of a brilliant AI expert at a penny-pinching price. * They just revealed what they believe are the ten best stocks for investors to buy right now... and SoundHound AI wasn't one of them!
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12458.0
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2023-11-18 00:00:00 UTC
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This Magnificent Artificial Intelligence (AI) Stock Is About to Step on the Gas, and It Is Cheap Right Now
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AAPL
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https://www.nasdaq.com/articles/this-magnificent-artificial-intelligence-ai-stock-is-about-to-step-on-the-gas-and-it-is
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nan
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nan
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Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) received a big boost last week after the company, which is popularly known as TSMC, reported a terrific surge in its monthly revenue for October.
The Taiwan-based foundry giant reported October revenue of 243.2 billion Taiwanese dollars ($7.7 billion), up 16% year over year. The increase was particularly impressive on a sequential basis, as TSMC's revenue jumped almost 35% month over month. Investors were overjoyed to see the company's healthy growth, as it has struggled to grow its revenue in 2023 so far due to a weak smartphone market.
TSMC's revenue has dropped 6% year over year in the first nine months of 2023 to NT$1.54 trillion ($49.7 billion). But the company's latest monthly revenue report suggests that it could end the year strongly, and even sustain its momentum for a long time to come.
Let's see what powered TSMC's latest revenue surge.
Apple may have powered its sales surge
Apple is reportedly TSMC's largest customer, accounting for 23% of its revenue in 2022. As Apple recently released the latest generation of its iPhones, the tech giant must have ideally placed more orders for chips that TSMC makes for it.
Apple's iPhone 15 Pro and Pro Max models are powered by a 3-nanometer (nm) chip. TSMC management pointed out on the company's October earnings conference call that it is witnessing a "strong ramp of our industry-leading 3-nanometer technology," suggesting that the company was increasing production of these chips in preparation for Apple's iPhone launch.
More importantly, TSMC estimates that the sales of its 3nm chips will continue to ramp up in the fourth quarter, and management remains confident that this node could drive long-term growth for the company. TSMC got 6% of its revenue from selling 3nm chips last quarter, but it won't be surprising to see this technology move the needle in a bigger way for the company.
After all, TSMC estimates that the market for 3nm chips could be worth a whopping $1.5 trillion in five years of entering volume production. One reason why that may be the case is because of the advantages of smaller process nodes over larger ones in terms of computing performance, power consumption, and the real estate they occupy.
That's why it won't be surprising to see 3nm chips being deployed for powering artificial intelligence (AI) servers, which need a lot of computing power, and need to be power-efficient at the same time so that they can run cooler. Reports suggest that AI chip leader Nvidia is reportedly going to adopt TSMC's 3nm process as the foundation for its Blackwell architecture to manufacture its next-generation AI processor in 2024.
It is worth noting that Nvidia is already a TSMC customer, as its highly popular H100 AI graphics processing unit (GPU) is based on the latter's 5nm manufacturing node. Nvidia's data center GPUs, which are used for powering AI servers, have witnessed massive performance jumps each time the company has moved to a smaller process node. As a result, it won't be surprising to see it adopting TSMC's 3nm node that Apple currently uses to make more powerful processors.
Moreover, TSMC is having a hard time keeping up with AI-related demand. CEO C.C. Wei pointed out on the company'searnings callthat TSMC has "a capacity limitation to support" AI demand. As a result, the company is busy expanding its capacity to produce AI chips. Wei says that TSMC is on track to more than double its advanced packaging capacity by the end of 2024 because of "very high demand" from a particular customer. That customer is likely Nvidia, as the latter has been placing more orders for TSMC chips.
Nvidia reportedly produced 6% of TSMC's top line last year. However, it won't be surprising to see it becoming a bigger customer thanks to AI, and that could enable TSMC to make the most of the huge end-market opportunity in 3nm chips.
How much upside can investors expect?
TSMC's top line is anticipated to grow at a healthy pace over the next couple of years. As the following chart shows, its top line could inch closer to $100 billion by 2025.
TSM Revenue Estimates for Current Fiscal Year data by YCharts
Assuming the company does hit the $96 billion revenue that's being estimated by Wall Street analysts and trades at its five-year average sales multiple of 8.5 at that time, its market capitalization could increase to $816 billion in the next three years. That would be a 59% increase from current levels. Given that TSMC is trading at a relatively cheaper 7.6 times sales right now, investors are getting a good deal on the stock.
What's more, TSMC is cheaper than the likes of Nvidia considering the impressive growth that it's on track to deliver. That's why investors looking to buy an AI stock before it steps on the gas should consider buying it before it becomes expensive.
10 stocks we like better than Taiwan Semiconductor Manufacturing
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Taiwan Semiconductor Manufacturing wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 6, 2023
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool recommends Apple, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) received a big boost last week after the company, which is popularly known as TSMC, reported a terrific surge in its monthly revenue for October. More importantly, TSMC estimates that the sales of its 3nm chips will continue to ramp up in the fourth quarter, and management remains confident that this node could drive long-term growth for the company. Nvidia's data center GPUs, which are used for powering AI servers, have witnessed massive performance jumps each time the company has moved to a smaller process node.
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But the company's latest monthly revenue report suggests that it could end the year strongly, and even sustain its momentum for a long time to come. Nvidia's data center GPUs, which are used for powering AI servers, have witnessed massive performance jumps each time the company has moved to a smaller process node. As a result, it won't be surprising to see it adopting TSMC's 3nm node that Apple currently uses to make more powerful processors.
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TSMC management pointed out on the company's October earnings conference call that it is witnessing a "strong ramp of our industry-leading 3-nanometer technology," suggesting that the company was increasing production of these chips in preparation for Apple's iPhone launch. Reports suggest that AI chip leader Nvidia is reportedly going to adopt TSMC's 3nm process as the foundation for its Blackwell architecture to manufacture its next-generation AI processor in 2024. TSM Revenue Estimates for Current Fiscal Year data by YCharts Assuming the company does hit the $96 billion revenue that's being estimated by Wall Street analysts and trades at its five-year average sales multiple of 8.5 at that time, its market capitalization could increase to $816 billion in the next three years.
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As a result, it won't be surprising to see it adopting TSMC's 3nm node that Apple currently uses to make more powerful processors. Nvidia reportedly produced 6% of TSMC's top line last year. TSM Revenue Estimates for Current Fiscal Year data by YCharts Assuming the company does hit the $96 billion revenue that's being estimated by Wall Street analysts and trades at its five-year average sales multiple of 8.5 at that time, its market capitalization could increase to $816 billion in the next three years.
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12459.0
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2023-11-18 00:00:00 UTC
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2 Standout Magnificent 7 Stocks to Buy for 2024
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AAPL
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https://www.nasdaq.com/articles/2-standout-magnificent-7-stocks-to-buy-for-2024
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nan
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nan
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Life has come full circle for tech stocks. After being the worst-performing S&P 500 Index ($SPX) subsector in 2022, tech is so far the best-performing sector this year. The steep rally in tech stocks led to a massive rally in the Nasdaq Composite ($NASX) in the first half of 2023, which was eventually its best start to the year in four decades.
Amid the rally, the combined market cap of Nasdaq constituents soared by a whopping $4 trillion in the first half of 2023. Several other milestones were reached this year, as well. While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies.
www.barchart.com
Tech Stocks Have Rallied in 2023
The rise in tech stocks in 2023 has been primarily due to two reasons. First, after the heavy selling in 2022 - where names like Nvidia and Tesla (TSLA) lost almost two-thirds of their market caps - the sector seemed to offer good value. Second, the euphoria over artificial intelligence (AI) helped propel the sector higher – even as a section of the market believes that the AI boom has all the signs of the kind of bubble we last saw in the dot-com days.
While the Street-high target price calls for Nvidia shares - an AI bellwether - to more than double over the next year and cross the psychologically significant level of $1,000, hedge funds linked to George Soros, Stanley Druckenmiller, and Dan Loeb all sold NVDA shares in Q3. Plus, Michael Burry of “Big Short” fame opened a new short position in the iShares Semiconductor ETF (SOXX), whose third-largest holding is Nvidia, with a notional value of $47.4 million.
The Best-Performing Magnificent 7 Stocks of 2023
Nvidia has more than tripled in 2023, and is the best-performing constituent of the so-called “Magnificent 7” - followed by Meta Platforms (META) and Tesla. Amazon (AMZN) is fourth on the list with YTD gains of around 72%.
Apple is the worst-performing of the group, but even so, the stock has risen 46% this year - which is better than the Nasdaq Composite.
Meanwhile, I believe Meta Platforms and Amazon are two of the best-performing tech stocks that look like good buys for 2024, as well.
Why Amazon Stock Looks Like a Good Buy for 2024
Amazon was a top pick for analysts heading into 2023 – just as it was in 2022. Wall Street’s love affair with the Andy Jassy-led company fails to die, and Oppenheimer has already designated it as a top pick for 2024. I'm reasonably sure that many more will follow suit.
The stock has a consensus “Strong Buy” rating from over 90% of the analysts in coverage, with the mean target price of $172.34 about 19% higher than current levels.
www.barchart.com
Here’s why Amazon looks like a good tech stock to buy for 2024:
Cost cuts and improved cash flows: Amazon continues to focus on cost cuts and higher efficiencies, which helped the company post a net profit of almost $10 billion in Q3 2023 – a new record. Amazon's operating margin – which is a much better indicator of performance – also rose to 7.8% in Q3, which is the highest since early 2021. In the trailing 12-month period, Amazon’s free cash flows stand at $21.4 billion, indicating it's back to being a cash-generating behemoth after posting negative free cash flows in 2021 and 2022.
Stabilizing growth: Amazon’s revenue growth is also expected to stabilize, and analysts are modeling an 11.4% rise in revenues in 2024. I believe there’s an upside to these estimates on strength in both the enterprise-focused Amazon Web Services (AWS) division and the e-commerce operations.
Reasonable valuations: Amazon stock trades at a next 12 months (NTM) price-to-earnings (PE) multiple of under 44x, which looks reasonable. Amazon is now much more than an e-commerce play, and houses businesses as diverse as cloud, artificial intelligence, digital advertising, and streaming. The sum of the parts valuations of these businesses might be much higher than where markets are currently valuing the company.
I believe that Amazon is an underappreciated AI play, as the technology should not only make its platform more appealing for users by improving recommendations, but also help to lower costs through better logistics and supply chain management. With Amazon shares still below their 2021 highs, I believe it looks well-placed for 2024 after a stellar 2023.
Meta Platforms Is Another Magnificent 7 Stock Worth Watching
Meta Platforms is another strong tech stock to consider, despite its mammoth rally already this year - and in fact, it's still trading considerably below its all-time highs.
www.barchart.com
Like Amazon, Meta is also an AI play, and it's benefiting from the technology in different ways. While Meta CEO Mark Zuckerberg did not specifically describe 2024 as the “year of AI,” the overall tone of the Q3 2023earnings callseems to suggest as much.
There are several reasons to be bullish on Meta as we head into 2024. These include:
Reels monetization: During the Q3earnings call Meta said that Reels – a division where monetization was a sore point until a few quarters back – is now “net neutral” to its overall revenues. Better monetization of Reels should help to support the company’s growth in the coming quarters.
Meta’s growth is back on track: Meta’s growth appears to be back on track after the company reported its first YoY decline in revenues in 2022. Analysts expect the company’s revenues to rise 13% in 2024, which is slightly below the expected growth for 2023, but still looks healthy due to the high base in 2023.
Valuations: Meta still trades at an NTM PE multiple of just under 20x, which looks decent.
Analysts are also bullish on Meta shares heading into 2024, and almost 96% rate it as a Strong Buy – one of the highest buy recommendations among major tech companies. Overall, I believe Meta is one tech stock that can do well in 2024 after a breathtaking rally in 2023.
On the date of publication, Mohit Oberoi had a position in: META , AAPL , AMZN , NVDA . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies. On the date of publication, Mohit Oberoi had a position in: META , AAPL , AMZN , NVDA . First, after the heavy selling in 2022 - where names like Nvidia and Tesla (TSLA) lost almost two-thirds of their market caps - the sector seemed to offer good value.
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While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies. On the date of publication, Mohit Oberoi had a position in: META , AAPL , AMZN , NVDA . www.barchart.com Here’s why Amazon looks like a good tech stock to buy for 2024: Cost cuts and improved cash flows: Amazon continues to focus on cost cuts and higher efficiencies, which helped the company post a net profit of almost $10 billion in Q3 2023 – a new record.
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While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies. On the date of publication, Mohit Oberoi had a position in: META , AAPL , AMZN , NVDA . Meanwhile, I believe Meta Platforms and Amazon are two of the best-performing tech stocks that look like good buys for 2024, as well.
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While Apple (AAPL) became the first company ever to close at a market cap of over $3 trillion, Nvidia (NVDA) joined the ranks of trillion-dollar companies. On the date of publication, Mohit Oberoi had a position in: META , AAPL , AMZN , NVDA . Meanwhile, I believe Meta Platforms and Amazon are two of the best-performing tech stocks that look like good buys for 2024, as well.
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12460.0
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2023-11-18 00:00:00 UTC
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2 Top Tech Stocks Ready for a Bull Run
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AAPL
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https://www.nasdaq.com/articles/2-top-tech-stocks-ready-for-a-bull-run-15
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nan
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nan
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The economy is showing signs of life, with slowing inflation and resilient consumer spending in October. Downturns don't last forever, and the best time to make investments is when prices are low. So this looks like a good time to put your hard-earned cash to work by grabbing a couple of high-quality tech stocks on the cheap.
The proverbial bull is getting ready for a fresh run. You don't want to be left empty-handed when the market mood suddenly turns optimistic. So let me show you why you should consider grabbing some Universal Display (NASDAQ: OLED) and Roku (NASDAQ: ROKU) stock while the getting is good.
Universal Display: A high-def beacon of innovation and stability
When you're looking for long-term investment ideas in an economy burdened by high interest rates, you want to start with a squeaky-clean balance sheet and positive cash profits. Those lofty rates can't hurt a company with zero debt and no particular reason to take on new loans or debt notes anytime soon.
From that starting point, you'll quickly run into Universal Display.
The pioneering developer of technologies for organic light-emitting diode (OLED) panels hasn't been burdened by a penny of long-term debt since 2005, and its cash profits have sprung back to life after a couple of rough quarters. In the recent third-quarter update, Universal Display's free cash flows clocked in at $35 million, or 25% of total top-line revenues.
And this recovery is not all about the smartphone and tablet screens that drove Universal Display's business growth in the past.
The company's power-sipping display and lighting technologies are perfectly suited for electric vehicles.
Unmatched contrast and vibrant color in an ultra-thin physical format make OLED TV sets the cream of the crop in big-screen living room entertainment.
And OLED's ability to produce top-quality images in flexible, transparent, and rollable screens open up a whole new market with no competition to speak of. Wherever the hardware design team wants a digital screen but couldn't make a traditional LCD work, Universal Display's OLED solutions stand ready to occupy that strange space.
At the same time, highly efficient manufacturing options such as organic vapor jet printing can now produce OLED screens with techniques more commonly seen in inkjet printers. The cost of manufacturing OLED panels will plunge as screen-building partners implement these game-changing technologies. After that, you'll find OLED screens and lighting panels all over the place.
The progress toward these growth-boosting research goals wasn't even slowed down by the coronavirus pandemic or the inflation crisis. Universal Display had the luxury of stepping up its research and development budgets even in the darkest days -- thanks to that rock-solid balance sheet and near-perfect history of positive cash profits:
OLED Research and Development Expense (TTM) data by YCharts
That effort should pay off when the global economy gets back on its feet, inspiring consumers everywhere to spend money on electronics featuring OLED panels. Again, it's not just a smartphone opportunity. Universal Display also taps into the electric vehicle surge, the long-term entertainment shift from movie theaters to well-equipped living rooms, and more.
Universal Display's combination of financial health and innovative prowess makes it a compelling choice in this economy. With no long-term debt and a strong focus on R&D, the company is poised to make the most of the next economic upturn. As it expands beyond smartphones into electric vehicles and flexible displays, its financial stability and innovative edge should offer a unique growth story in a recovering economy.
Roku: Simple streaming in a complex world
It takes a bit of advanced geekery to explain what Universal Display does, even if its display technology is found in every iPhone and many mid-range Android phones nowadays. You just don't see the brand of the OLED technology developer on that handset. But Roku is a more familiar household name, so let me keep this discussion short and sweet.
Roku has become a staple among media-streaming platforms, known for its user-friendly devices and user interfaces. This company's strength lies in its visibility and direct connection with consumers. Originally started as the internal hardware division of Netflix (NASDAQ: NFLX) when that company was exploring digital streams for the first time, Roku was first on the scene and ready to exploit that first-mover advantage.
Here's why Roku stands out in the explosive media-streaming market:
Ubiquity and ease of use: Roku's devices and platform are known for their simplicity and accessibility, making digital media streaming a breeze for a wide range of users. Nobody can match Roku's sector-founding experience and years of user-friendly interface development.
Strong market position: As the trend of cord-cutting accelerates, Roku's role as a central hub for various streaming services becomes more valuable. This positioning is key in a market where ease of access to content is king.
Adaptability and growth: Despite a competitive and ever-evolving market, Roku has shown remarkable adaptability. Its expansion into original content and international markets indicates a clear vision for growth.
These three qualities explain why Roku dominates the connected TV market with an unbeatable 51% market share on the third quarter of 2023, according to privacy analytics firm Pixalate. Unlike Universal Display, which operates behind the scenes, Roku is front and center in living rooms across America.
Yet, the stock looks deeply undervalued these days. Yes, Roku's share price has more than doubled in 2023 but it started that recovery from a ridiculously low floor. Shares are changing hands at the affordable valuation of 3.8 times sales, which is a bargain for a company that doubled its sales in three years.
In essence, Roku presents a contrasting yet equally compelling investment opportunity compared to Universal Display. While one thrives on high-tech innovation and industry partnerships, the other simplifies the streaming experience, making it an indispensable part of home entertainment. Both are indispensable parts of modern life in America, with tremendous growth opportunities on a global level.
As we edge toward economic recovery, both Roku and Universal Display are poised to leverage their unique strengths in a healthier economy, making them smart choices for investors who want to make money from the tech sector's resurgence.
10 stocks we like better than Roku
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Roku wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anders Bylund has positions in Alphabet, Netflix, Roku, and Universal Display. The Motley Fool has positions in and recommends Alphabet, Apple, Netflix, and Roku. The Motley Fool recommends Universal Display. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Display: A high-def beacon of innovation and stability When you're looking for long-term investment ideas in an economy burdened by high interest rates, you want to start with a squeaky-clean balance sheet and positive cash profits. The pioneering developer of technologies for organic light-emitting diode (OLED) panels hasn't been burdened by a penny of long-term debt since 2005, and its cash profits have sprung back to life after a couple of rough quarters. Originally started as the internal hardware division of Netflix (NASDAQ: NFLX) when that company was exploring digital streams for the first time, Roku was first on the scene and ready to exploit that first-mover advantage.
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So let me show you why you should consider grabbing some Universal Display (NASDAQ: OLED) and Roku (NASDAQ: ROKU) stock while the getting is good. Wherever the hardware design team wants a digital screen but couldn't make a traditional LCD work, Universal Display's OLED solutions stand ready to occupy that strange space. As we edge toward economic recovery, both Roku and Universal Display are poised to leverage their unique strengths in a healthier economy, making them smart choices for investors who want to make money from the tech sector's resurgence.
|
So let me show you why you should consider grabbing some Universal Display (NASDAQ: OLED) and Roku (NASDAQ: ROKU) stock while the getting is good. Universal Display had the luxury of stepping up its research and development budgets even in the darkest days -- thanks to that rock-solid balance sheet and near-perfect history of positive cash profits: OLED Research and Development Expense (TTM) data by YCharts That effort should pay off when the global economy gets back on its feet, inspiring consumers everywhere to spend money on electronics featuring OLED panels. As we edge toward economic recovery, both Roku and Universal Display are poised to leverage their unique strengths in a healthier economy, making them smart choices for investors who want to make money from the tech sector's resurgence.
|
So let me show you why you should consider grabbing some Universal Display (NASDAQ: OLED) and Roku (NASDAQ: ROKU) stock while the getting is good. The pioneering developer of technologies for organic light-emitting diode (OLED) panels hasn't been burdened by a penny of long-term debt since 2005, and its cash profits have sprung back to life after a couple of rough quarters. As it expands beyond smartphones into electric vehicles and flexible displays, its financial stability and innovative edge should offer a unique growth story in a recovering economy.
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12461.0
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2023-11-18 00:00:00 UTC
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Ousted OpenAI CEO Altman planning new AI venture-sources
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AAPL
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https://www.nasdaq.com/articles/ousted-openai-ceo-altman-planning-new-ai-venture-sources
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nan
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nan
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By Krystal Hu, Anna Tong and Jeffrey Dastin
Nov 18 (Reuters) - Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday.
Former OpenAI president Greg Brockman, who said he quit OpenAI over Altman's firing on Friday, is expected to join the effort, according to the Information, which reported the venture earlier citing a person familiar with the matter.
Altman could not be reached for comment and Brockman did not immediately respond to a Reuters request for comment.
Some researchers at OpenAI, including Szymon Sidor, have quit the company over the CEO change but it was unclear if Sidor and others will join Altman's new venture.
Altman and Apple's AAPL.O former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September. It also reported at the time that SoftBank 9434.T CEO Masayoshi Son has also been involved in the conversation.
The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman. Co-founder Brockman quit shortly after Altman was fired.
Altman's ouster was over "breakdown of communications," not "malfeasance", Chief Operating Officer Brad Lightcap wrote in an internal company memo earlier Saturday that was viewed by Reuters.
(Reporting by Krystal Hu in New York, Anna Tong and Jeffrey Dastin in San Francisco, Gursimran Kaur in Bengaluru; Editing by Chizu Nomiyama and Kenneth Li)
((GursimranKaur.Mehar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altman and Apple's AAPL.O former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September. Altman's ouster was over "breakdown of communications," not "malfeasance", Chief Operating Officer Brad Lightcap wrote in an internal company memo earlier Saturday that was viewed by Reuters. (Reporting by Krystal Hu in New York, Anna Tong and Jeffrey Dastin in San Francisco, Gursimran Kaur in Bengaluru; Editing by Chizu Nomiyama and Kenneth Li) ((GursimranKaur.Mehar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altman and Apple's AAPL.O former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September. By Krystal Hu, Anna Tong and Jeffrey Dastin Nov 18 (Reuters) - Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday. Former OpenAI president Greg Brockman, who said he quit OpenAI over Altman's firing on Friday, is expected to join the effort, according to the Information, which reported the venture earlier citing a person familiar with the matter.
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Altman and Apple's AAPL.O former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September. By Krystal Hu, Anna Tong and Jeffrey Dastin Nov 18 (Reuters) - Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday. Former OpenAI president Greg Brockman, who said he quit OpenAI over Altman's firing on Friday, is expected to join the effort, according to the Information, which reported the venture earlier citing a person familiar with the matter.
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Altman and Apple's AAPL.O former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September. By Krystal Hu, Anna Tong and Jeffrey Dastin Nov 18 (Reuters) - Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday. Former OpenAI president Greg Brockman, who said he quit OpenAI over Altman's firing on Friday, is expected to join the effort, according to the Information, which reported the venture earlier citing a person familiar with the matter.
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12462.0
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2023-11-18 00:00:00 UTC
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Is Apple Stock a Buy Now?
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AAPL
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https://www.nasdaq.com/articles/is-apple-stock-a-buy-now-4
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nan
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nan
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Apple (NASDAQ: AAPL) is the largest company in the world -- worth nearly $3 trillion -- and many investors own a lot of its stock whether they know it or not. That's because Apple makes up 11.2% of the Nasdaq 100 and 7.3% of the S&P 500. If Apple doesn't do well, it will be a significant drag on these indexes, and investors across the board will see sub-par results.
On the flip side, if Apple does well, almost everyone else will, too. But here's the question: Is it worth buying additional shares of Apple if so many investors are already heavily weighted to it through their ownership of an index fund?
Apple's growth has been non-existent recently
Apple likely needs no introduction, as many in the U.S. already have an iPhone or a Mac computer. But what many people may not be aware of is Apple's service division, which generates revenue from the App Store, advertising, cloud services, and subscription products like Apple Music and Apple TV+. While some may consider this a necessary add-on, it has been a notable bright spot in Apple's fiscal 2023 (which ended Sept. 30).
CATEGORY FY 2023 REVENUE YOY GROWTH
iPhone $200.6 billion (2.4%)
Mac $29.4 billion (26.9%)
iPad $28.3 Billion (3.4%)
Wearables, Home and Accessories $39.8 billion (3.4%)
Services $85.2 billion 9.1%
Data source: Apple. YOY = year-over-year.
While iPhone sales were disappointing across the board in Apple's fiscal 2023, the fourth quarter brought a trend reversal. iPhone sales grew 2.8% year over year. While services revenue is vital, what drives Apple is the iPhone, and Apple investors need this product to sell well to do well.
Even though iPhone sales grew, that's not meaningful growth compared to other tech giants which posted revenue growth above 10%. However, revenue growth isn't everything. Profits also need to be considered, and Apple management has skillfully grown these even though revenue has declined slightly year over year.
For fiscal 2023, Apple's net income $97 billion was nearly the same as the $99.8 billion it earned a year earlier. But because of Apple's $78 billion in stock buybacks over the past year , Apple's earnings per share (EPS) for fiscal 2023 came in $0.01 higher than last year's at $6.16.
This trend of Apple's net income falling from last year reversed in Q4, as Apple's cost of sales dropped, increasing its margins and improving the bottom line. This helped increase Apple's EPS from $1.29 to $1.47, a 14% rise.
With Apple's earnings growing quickly, it weakens the bear argument. But there is still one more item to address before you buy Apple stock.
The stock fetches a premium price
There is only so much juice to squeeze from the margins before Apple hits a roadblock. It needs to return to growing its revenue in fiscal 2024 for the investment to make sense. Right now, investors have to pay a significant premium to own Apple shares, despite its lack of revenue growth.
AAPL PE Ratio data by YCharts
Normally, 30 times earnings would indicate that a stock is growing much faster than the market, but with Wall Street analysts expecting 6% revenue growth in fiscal 2024, it's not looking great for the stock.
As a result, I don't think investors should be loading up on Apple stock right now. The company doesn't offer a value proposition compared to other tech giants with its premium price tag and slow growth. If Apple can return to growing its sales at a 10% or greater pace, I may reconsider my stance.
But with a money-pinched consumer and lack of ground-breaking innovation from iPhones, this seems like a tall task for the world's largest company.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 6, 2023
Keithen Drury has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) is the largest company in the world -- worth nearly $3 trillion -- and many investors own a lot of its stock whether they know it or not. AAPL PE Ratio data by YCharts Normally, 30 times earnings would indicate that a stock is growing much faster than the market, but with Wall Street analysts expecting 6% revenue growth in fiscal 2024, it's not looking great for the stock. But here's the question: Is it worth buying additional shares of Apple if so many investors are already heavily weighted to it through their ownership of an index fund?
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Apple (NASDAQ: AAPL) is the largest company in the world -- worth nearly $3 trillion -- and many investors own a lot of its stock whether they know it or not. AAPL PE Ratio data by YCharts Normally, 30 times earnings would indicate that a stock is growing much faster than the market, but with Wall Street analysts expecting 6% revenue growth in fiscal 2024, it's not looking great for the stock. Even though iPhone sales grew, that's not meaningful growth compared to other tech giants which posted revenue growth above 10%.
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Apple (NASDAQ: AAPL) is the largest company in the world -- worth nearly $3 trillion -- and many investors own a lot of its stock whether they know it or not. AAPL PE Ratio data by YCharts Normally, 30 times earnings would indicate that a stock is growing much faster than the market, but with Wall Street analysts expecting 6% revenue growth in fiscal 2024, it's not looking great for the stock. But what many people may not be aware of is Apple's service division, which generates revenue from the App Store, advertising, cloud services, and subscription products like Apple Music and Apple TV+.
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Apple (NASDAQ: AAPL) is the largest company in the world -- worth nearly $3 trillion -- and many investors own a lot of its stock whether they know it or not. AAPL PE Ratio data by YCharts Normally, 30 times earnings would indicate that a stock is growing much faster than the market, but with Wall Street analysts expecting 6% revenue growth in fiscal 2024, it's not looking great for the stock. However, revenue growth isn't everything.
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12463.0
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2023-11-18 00:00:00 UTC
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The Best Warren Buffett Stocks to Buy With $300 Right Now
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AAPL
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https://www.nasdaq.com/articles/the-best-warren-buffett-stocks-to-buy-with-%24300-right-now-11
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At the helm of Berkshire Hathaway, Chairman Warren Buffett is known for his long track record of success. He and his team have generated a compounded annual gain of more than 19% over 57 years, well outperforming the S&P 500.
The index has delivered a compounded increase of 9.9% over that same time period. So that's why investors everywhere look to Buffett for advice.
Following the billionaire's every step may not be the best option because each of us has a unique set of investment goals and an investment style that suits our comfort with risk. And we may have a particular interest in a field that doesn't show up in Buffett's portfolio -- for example, biotech. All of that aside, though, certain Buffett favorites fit well in any portfolio -- and could boost your returns over time as they've done for the famous investor.
In many cases, you don't even need a fortune to get in on these players. Let's check out two Buffett favorites to buy with just $300 right now.
1. Coca-Cola
"Always Coca-Cola" was once Coca-Cola's (NYSE: KO) slogan, but it also could describe Buffett's strategy concerning this particular stock. He bought it back in the late 1980s and hasn't let go -- and for good reason. Coca-Cola is a Dividend King, meaning it has recorded more than 50 straight years of dividend growth.
Owning Coca-Cola not only offers you the opportunity to benefit from gains in the stock, but the company also pays you more and more passive income every year. Considering Coca-Cola's dividend track record, it's clear that rewarding shareholders is important to the beverage giant. That gives us reason to be optimistic about growth to come.
Coca-Cola also makes a great investment due to its steady growth in earnings -- even during difficult times, such as now. The company's brand strength and solid distribution network serve as a moat, or competitive advantage -- something Buffett likes, and you should, too.
As a result, when costs increase, Coca-Cola can raise its prices to compensate, and most customers will stick with the brand. It's shown it could do this in recent times.
Considering all of this, Coca-Cola looks pretty cheap at only 21x forward earnings estimates. And with shares trading for less than $60, you can easily pick up a few for $300.
2. Apple
Apple (NASDAQ: AAPL) is another company that Buffett likely loves for its moat, and this feature also allows the tech giant to achieve pricing power. The company can charge high prices for its products like the iPhone or Apple Watch, and fans will buy them, even if they have to wait and save up. This ensures strength in product revenue.
But Apple has another growth driver up its sleeve, and that's services, from digital content to iCloud storage. The great thing about services is they represent recurrent revenue and, even better, are high margin.
In the most recent quarter, Apple said services gross profit margin topped 70% -- that's compared to a 36% margin for hardware. So services is an area where Apple can generate even stronger profitability. And there's even more good news: In this quarter, services revenue reached an all-time high, suggesting there's a lot of room for growth.
You also can count on Apple for continued innovation, and the company could be a major player heading into the holiday season. Apple recently said it's prepared with its strongest ever portfolio of products -- with the iPhone 15 and the company's first carbon neutral Apple Watches.
Today, Apple trades for 28x forward earnings estimates, which is dirt cheap considering the company's gigantic moat and overall strength. You can pick up a share for less than $190. Even just a small purchase of this Buffett favorite with your $300 could go a long way over time.
10 stocks we like better than Coca-Cola
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Coca-Cola wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple (NASDAQ: AAPL) is another company that Buffett likely loves for its moat, and this feature also allows the tech giant to achieve pricing power. Owning Coca-Cola not only offers you the opportunity to benefit from gains in the stock, but the company also pays you more and more passive income every year. The company's brand strength and solid distribution network serve as a moat, or competitive advantage -- something Buffett likes, and you should, too.
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Apple Apple (NASDAQ: AAPL) is another company that Buffett likely loves for its moat, and this feature also allows the tech giant to achieve pricing power. In the most recent quarter, Apple said services gross profit margin topped 70% -- that's compared to a 36% margin for hardware. Today, Apple trades for 28x forward earnings estimates, which is dirt cheap considering the company's gigantic moat and overall strength.
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Apple Apple (NASDAQ: AAPL) is another company that Buffett likely loves for its moat, and this feature also allows the tech giant to achieve pricing power. Coca-Cola "Always Coca-Cola" was once Coca-Cola's (NYSE: KO) slogan, but it also could describe Buffett's strategy concerning this particular stock. Apple recently said it's prepared with its strongest ever portfolio of products -- with the iPhone 15 and the company's first carbon neutral Apple Watches.
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Apple Apple (NASDAQ: AAPL) is another company that Buffett likely loves for its moat, and this feature also allows the tech giant to achieve pricing power. Coca-Cola also makes a great investment due to its steady growth in earnings -- even during difficult times, such as now. Today, Apple trades for 28x forward earnings estimates, which is dirt cheap considering the company's gigantic moat and overall strength.
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12464.0
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2023-11-18 00:00:00 UTC
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Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog
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AAPL
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https://www.nasdaq.com/articles/elon-musk-says-x-to-file-thermonuclear-lawsuit-against-media-watchdog
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nan
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Adds more from statement in paragraph 8, background paras 5, 10-12
Nov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site.
"The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and all those who colluded in this fraudulent attack on our company," Musk wrote in a post on X, without naming any other parties.
Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content.
IBM on Thursday said it immediately suspended all advertising on Musk-owned X after the watchdog found its ads were placed next to content promoting Adolf Hitler and the Nazi Party.
Disney, Warner Bros Discovery and Comcast, Lions Gate Entertainment and Paramount Global said on Friday they were also pausing their ads on X. Axios reported that Apple would do the same.
Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people.
"This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.
"Media Matters created an alternate account and curated the posts and advertising appearing on the account's timeline to misinform advertisers about the placement of their posts."
Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.
Advertisers have fled the site since Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech on X, according to civil rights groups.
The White House on Friday condemned Elon Musk's endorsement of what it called a "hideous" antisemitic conspiracy theory on X. It accused Musk of an "abhorrent promotion of antisemitic and racist hate" that "runs against our core values as Americans".
"It is unacceptable to repeat the hideous lie ... one month after the deadliest day for the Jewish people since the Holocaust," White House spokesperson Andrew Bates said, referring to the Oct. 7 attack by Palestinian Islamist group Hamas on Israel.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Tomasz Janowski, Kirsten Donovan)
((Mrinmay.Dey@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and all those who colluded in this fraudulent attack on our company," Musk wrote in a post on X, without naming any other parties. Advertisers have fled the site since Musk bought it in October 2022 and reduced content moderation, resulting in a sharp rise in hate speech on X, according to civil rights groups. "It is unacceptable to repeat the hideous lie ... one month after the deadliest day for the Jewish people since the Holocaust," White House spokesperson Andrew Bates said, referring to the Oct. 7 attack by Palestinian Islamist group Hamas on Israel.
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Adds more from statement in paragraph 8, background paras 5, 10-12 Nov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. The White House on Friday condemned Elon Musk's endorsement of what it called a "hideous" antisemitic conspiracy theory on X.
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Adds more from statement in paragraph 8, background paras 5, 10-12 Nov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.
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Adds more from statement in paragraph 8, background paras 5, 10-12 Nov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.
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12465.0
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2023-11-18 00:00:00 UTC
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3 Reasons to Buy Apple and 1 Reason to Sell
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AAPL
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https://www.nasdaq.com/articles/3-reasons-to-buy-apple-and-1-reason-to-sell-0
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nan
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nan
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Apple (NASDAQ: AAPL) has been a growth machine for more than two decades, and that's what investors love about the company. But some cracks are starting to show in the growth story. Services, in particular, have some concerns investors can't ignore.
In this video, Travis Hoium covers reasons for Apple's rise and one reason the stock may be worth selling right now.
*Stock prices used were end-of-day prices of Nov. 14, 2023. The video was published on Nov. 15, 2023.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 15, 2023
Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) has been a growth machine for more than two decades, and that's what investors love about the company. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
|
Apple (NASDAQ: AAPL) has been a growth machine for more than two decades, and that's what investors love about the company. In this video, Travis Hoium covers reasons for Apple's rise and one reason the stock may be worth selling right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
Apple (NASDAQ: AAPL) has been a growth machine for more than two decades, and that's what investors love about the company. In this video, Travis Hoium covers reasons for Apple's rise and one reason the stock may be worth selling right now. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen.
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Apple (NASDAQ: AAPL) has been a growth machine for more than two decades, and that's what investors love about the company. See the 10 stocks *Stock Advisor returns as of November 15, 2023 Travis Hoium has positions in Apple. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services.
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12466.0
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2023-11-17 00:00:00 UTC
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After Hours Most Active for Nov 17, 2023 : MMM, QQQ, MATV, AAPL, NU, VCSH, MSFT, STRO, AMZN, KEY, VZ, BAC
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-nov-17-2023-%3A-mmm-qqq-matv-aapl-nu-vcsh-msft-stro-amzn-key-vz
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The NASDAQ 100 After Hours Indicator is down -17.07 to 15,820.92. The total After hours volume is currently 90,330,083 shares traded.
The following are the most active stocks for the after hours session:
3M Company (MMM) is unchanged at $95.34, with 4,398,341 shares traded. MMM's current last sale is 90.37% of the target price of $105.5.
Invesco QQQ Trust, Series 1 (QQQ) is -0.27 at $385.77, with 3,562,042 shares traded. This represents a 48.53% increase from its 52 Week Low.
Mativ Holdings, Inc. (MATV) is unchanged at $13.71, with 3,402,922 shares traded. As reported by Zacks, the current mean recommendation for MATV is in the "strong buy range".
Apple Inc. (AAPL) is +0.09 at $189.78, with 3,138,577 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $1.59. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Nu Holdings Ltd. (NU) is unchanged at $8.07, with 2,492,283 shares traded. As reported by Zacks, the current mean recommendation for NU is in the "buy range".
Vanguard Short-Term Corporate Bond ETF (VCSH) is unchanged at $75.77, with 2,294,246 shares traded. This represents a 1.8% increase from its 52 Week Low.
Microsoft Corporation (MSFT) is -1.59 at $368.26, with 2,231,678 shares traded. Over the last four weeks they have had 13 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $2.75. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Sutro Biopharma, Inc. (STRO) is unchanged at $2.69, with 1,857,662 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $-0.81. As reported by Zacks, the current mean recommendation for STRO is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.09 at $145.09, with 1,804,116 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
KeyCorp (KEY) is -0.02 at $12.30, with 1,493,925 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.26. KEY's current last sale is 94.62% of the target price of $13.
Verizon Communications Inc. (VZ) is +0.04 at $36.27, with 1,489,000 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2024. The consensus EPS forecast is $1.17. VZ's current last sale is 88.46% of the target price of $41.
Bank of America Corporation (BAC) is -0.0003 at $29.98, with 1,214,143 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.79. BAC's current last sale is 88.18% of the target price of $34.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is +0.09 at $189.78, with 3,138,577 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". As reported by Zacks, the current mean recommendation for MATV is in the "strong buy range".
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Apple Inc. (AAPL) is +0.09 at $189.78, with 3,138,577 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024.
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Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. Apple Inc. (AAPL) is +0.09 at $189.78, with 3,138,577 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Apple Inc. (AAPL) is +0.09 at $189.78, with 3,138,577 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is down -17.07 to 15,820.92.
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12467.0
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2023-11-17 00:00:00 UTC
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EXPLAINER-What is Black Friday? And will shoppers find bargains this year?
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AAPL
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https://www.nasdaq.com/articles/explainer-what-is-black-friday-and-will-shoppers-find-bargains-this-year-0
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nan
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nan
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By Juveria Tabassum, Savyata Mishra
Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, Black Friday normally marks the unofficial start of the Christmas shopping season.
Retailers in the U.S., Europe and elsewhere will be trying to cash in on the hoopla. Here is what to expect from Black Friday 2023.
WHY IS IT CALLED 'BLACK' FRIDAY?
Starting around the 1960s and early 1970s, police and bus drivers in Philadelphia used the term "Black Friday" to refer to the chaos an influx of people to the city created before the Thanksgiving weekend. Visitors would trawl the stores in Philadelphia on Friday with their Christmas lists looking for gifts. Shoplifting and parking violations ensued.
Department stores re-branded the term to "Big Friday" to put a more positive spin on it. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
"What we know is Black Friday, because it's so ceremonial, we get more people participating in it," Collins said.
WHAT ARE RETAILERS' PLANS THIS YEAR?
Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
Such early promotions could help them measure shopper demand and avoid product shortages, which could be a big problem this year. Water levels in a key shipping artery, the Panama Canal, have dropped due to a severe drought, cutting the number of ships carrying merchandise through it.
Many retailers in the U.S. intentionally muted their holiday hiring plans. Labor shortages are also a challenge for retailers in Europe, meaning shoppers could find fewer staff to help them.
ARE BLACK FRIDAY CROWDS LIKELY THIS YEAR?
Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF). Thanksgiving weekend, which encompasses Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the United States.
But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas falling on a Monday, the "procrastination factor (is) even greater because shoppers can wait until Saturday or Sunday" before Christmas to get gifts, she said this week.
Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
Wet weather, which deterred in-store traffic in some parts of the U.S. last year on Black Friday morning, is largely not expected this year, according AccuWeather.
Although most U.S. stores will be closed on Thanksgiving again this year, opening for shoppers at 5 a.m. or 6 a.m on Friday, some retailers are advertising discounts online that kick in starting at 12:01 a.m. on Thanksgiving.
Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99.
Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores. In the past decade, Americans' Black Friday purchases online have more than tripled, reaching $9.12 billion on the day last year, according to data from Adobe Analytics.
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR?
Several major retailers from Dollar General DG.N to Walmart WMT.N and Macy's M.N could be saddled with too much stock for a second straight year, according to a Reuters analysis. They likely will need to offer discounts in order to drive shoppers to their stores and websites.
Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year.
Adobe said online discounts were expected to be as steep as 35% on toys, 24% on sporting goods and 19% on furniture.
HOW MUCH ARE SHOPPERS EXPECTED TO SPEND?
Holiday sales online and in U.S. stores are expected to rise between 3% and 4% during November and December, their slowest pace in five years, according to a forecast by the NRF.
Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics.
An estimated 132 million Americans plan to shop the pre-holiday sales such as Black Friday and Cyber Monday in 2023, from an estimated 140 million shoppers last year, according to a report by fintech firm Finder.
In the United Kingdom, online spending during Black Friday is expected to rise 4.5% to 1.05 billion pounds ($1.30 billion), with total sales over the Cyber Weekend reaching 3.8 billion pounds, according to an Adobe forecast.
WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS?
With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
Consumers were looking to make the most of promotional events and wrap up their shopping in just 5.8 weeks this year, when compared to a 7.4-week window pre-pandemic, according to data from Deloitte.
WHAT ITEMS ARE HOT FOR BLACK FRIDAY THIS YEAR?
IPhones will be hot again, with the recent launch of the iPhone 15. Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China.
Electronics are expected to be the top pick this shopping season, with estimates of a 6% growth, according to a report by Mastercard.
Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2".
Skin and hair care products remain popular, with Ulta Beauty offering up to 40% discount on CoverGirl and Lancome mascaras, Bobbi Brown concealers and select products of its own label.
WHAT ARE RETAILERS SAYING ABOUT THIS YEAR'S BLACK FRIDAY?
Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday. "We're in the midst of that along with our competitors, customers are taking advantage of that."
Mattel President Steve Totzke told Reuters on Monday that he is expecting a strong Black Friday and run-up to the holidays even as the toymaker warned of slowing demand for the toy industry last month.
($1 = 0.8048 pounds)
(Reporting by Juveria Tabassum and Savyata Mishra in Bengaluru, Richa Naidu in London, additional reporting by Helen Reid in London; Editing by Josie Kao)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year. With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions. An estimated 132 million Americans plan to shop the pre-holiday sales such as Black Friday and Cyber Monday in 2023, from an estimated 140 million shoppers last year, according to a report by fintech firm Finder.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Here is what to expect from Black Friday 2023. Around 130.7 million people are planning to shop on Black Friday this year, according to data from the National Retail Federation (NRF).
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12468.0
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2023-11-17 00:00:00 UTC
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Friday's ETF with Unusual Volume: DJD
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AAPL
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https://www.nasdaq.com/articles/fridays-etf-with-unusual-volume%3A-djd-0
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nan
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The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Friday, with over 345,000 shares traded versus three month average volume of about 42,000. Shares of DJD were up about 0.5% on the day.
Components of that ETF with the highest volume on Friday were Apple, trading trading flat with over 28.6 million shares changing hands so far this session, and Intel, up about 0.1% on volume of over 26.7 million shares. Walgreens Boots Alliance is the component faring the best Friday, up by about 2.5% on the day, while Nike is lagging other components of the Invesco Dow Jones Industrial Average Dividend ETF, trading lower by about 1.3%.
VIDEO: Friday's ETF with Unusual Volume: DJD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Friday, with over 345,000 shares traded versus three month average volume of about 42,000. Components of that ETF with the highest volume on Friday were Apple, trading trading flat with over 28.6 million shares changing hands so far this session, and Intel, up about 0.1% on volume of over 26.7 million shares. Walgreens Boots Alliance is the component faring the best Friday, up by about 2.5% on the day, while Nike is lagging other components of the Invesco Dow Jones Industrial Average Dividend ETF, trading lower by about 1.3%.
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The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Friday, with over 345,000 shares traded versus three month average volume of about 42,000. Walgreens Boots Alliance is the component faring the best Friday, up by about 2.5% on the day, while Nike is lagging other components of the Invesco Dow Jones Industrial Average Dividend ETF, trading lower by about 1.3%. VIDEO: Friday's ETF with Unusual Volume: DJD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Invesco Dow Jones Industrial Average Dividend ETF is seeing unusually high volume in afternoon trading Friday, with over 345,000 shares traded versus three month average volume of about 42,000. Components of that ETF with the highest volume on Friday were Apple, trading trading flat with over 28.6 million shares changing hands so far this session, and Intel, up about 0.1% on volume of over 26.7 million shares. Walgreens Boots Alliance is the component faring the best Friday, up by about 2.5% on the day, while Nike is lagging other components of the Invesco Dow Jones Industrial Average Dividend ETF, trading lower by about 1.3%.
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Components of that ETF with the highest volume on Friday were Apple, trading trading flat with over 28.6 million shares changing hands so far this session, and Intel, up about 0.1% on volume of over 26.7 million shares. Walgreens Boots Alliance is the component faring the best Friday, up by about 2.5% on the day, while Nike is lagging other components of the Invesco Dow Jones Industrial Average Dividend ETF, trading lower by about 1.3%. VIDEO: Friday's ETF with Unusual Volume: DJD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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12469.0
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2023-11-17 00:00:00 UTC
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Noteworthy Friday Option Activity: EXPE, AAPL, AMZN
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AAPL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-expe-aapl-amzn
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Expedia Group Inc (Symbol: EXPE), where a total volume of 35,922 contracts has been traded thus far today, a contract volume which is representative of approximately 3.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 116.6% of EXPE's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $120 strike call option expiring November 17, 2023, with 11,674 contracts trading so far today, representing approximately 1.2 million underlying shares of EXPE. Below is a chart showing EXPE's trailing twelve month trading history, with the $120 strike highlighted in orange:
Apple Inc (Symbol: AAPL) options are showing a volume of 512,274 contracts thus far today. That number of contracts represents approximately 51.2 million underlying shares, working out to a sizeable 87.1% of AAPL's average daily trading volume over the past month, of 58.8 million shares. Particularly high volume was seen for the $190 strike call option expiring November 17, 2023, with 75,686 contracts trading so far today, representing approximately 7.6 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $190 strike highlighted in orange:
And Amazon.com Inc (Symbol: AMZN) options are showing a volume of 483,640 contracts thus far today. That number of contracts represents approximately 48.4 million underlying shares, working out to a sizeable 82.8% of AMZN's average daily trading volume over the past month, of 58.4 million shares. Particularly high volume was seen for the $144 strike call option expiring November 17, 2023, with 48,646 contracts trading so far today, representing approximately 4.9 million underlying shares of AMZN. Below is a chart showing AMZN's trailing twelve month trading history, with the $144 strike highlighted in orange:
For the various different available expirations for EXPE options, AAPL options, or AMZN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
CALL Price Target
DBCP market cap history
WLK Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $190 strike call option expiring November 17, 2023, with 75,686 contracts trading so far today, representing approximately 7.6 million underlying shares of AAPL. Below is a chart showing EXPE's trailing twelve month trading history, with the $120 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 512,274 contracts thus far today. That number of contracts represents approximately 51.2 million underlying shares, working out to a sizeable 87.1% of AAPL's average daily trading volume over the past month, of 58.8 million shares.
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Below is a chart showing EXPE's trailing twelve month trading history, with the $120 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 512,274 contracts thus far today. That number of contracts represents approximately 51.2 million underlying shares, working out to a sizeable 87.1% of AAPL's average daily trading volume over the past month, of 58.8 million shares. Particularly high volume was seen for the $190 strike call option expiring November 17, 2023, with 75,686 contracts trading so far today, representing approximately 7.6 million underlying shares of AAPL.
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That number of contracts represents approximately 51.2 million underlying shares, working out to a sizeable 87.1% of AAPL's average daily trading volume over the past month, of 58.8 million shares. Below is a chart showing EXPE's trailing twelve month trading history, with the $120 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 512,274 contracts thus far today. Particularly high volume was seen for the $190 strike call option expiring November 17, 2023, with 75,686 contracts trading so far today, representing approximately 7.6 million underlying shares of AAPL.
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Below is a chart showing AMZN's trailing twelve month trading history, with the $144 strike highlighted in orange: For the various different available expirations for EXPE options, AAPL options, or AMZN options, visit StockOptionsChannel.com. Below is a chart showing EXPE's trailing twelve month trading history, with the $120 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 512,274 contracts thus far today. That number of contracts represents approximately 51.2 million underlying shares, working out to a sizeable 87.1% of AAPL's average daily trading volume over the past month, of 58.8 million shares.
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12470.0
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2023-11-17 00:00:00 UTC
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Here's Why Meta Platforms Is the Top AI Stock to Watch Right Now
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AAPL
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https://www.nasdaq.com/articles/heres-why-meta-platforms-is-the-top-ai-stock-to-watch-right-now
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nan
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nan
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The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. These seven companies represent pillars of innovation, profitability, and market dominance. And with the rise of artificial intelligence (AI), these seven have raised the stakes in the tech game very high this year.
Within this elite group, Meta Platforms is gaining a lot of traction with its AI-driven efforts and strong third-quarter results. Meta’s stock has gained a massive 177% year-to-date, wildly outperforming the tech-heavy NASDAQ Composite’s ($NASX) 35% gain. Let’s find out if Meta Platforms is the crown jewel of the Magnificent 7.
www.barchart.com
Meta Platforms Continues to Impress With Its Efforts
Renowned for its social media empire comprising Facebook, Instagram, WhatsApp, and Messenger, Meta stands at the forefront of digital connectivity, engaging billions of users globally. CEO Mark Zuckerberg had named 2023 as the “year of efficiency,” and the company followed through.
Its third-quarter revenue jumped 23% year-over-year to $34.1 billion, beating consensus estimates by $678 million. Meanwhile, its diluted earnings per share (EPS) increased by an outstanding 168% to $4.39.
Meta operates in two segments, the first of which is the Family of Apps (FoA), which includes all of its social media platforms. The other is Reality Labs (RL), which offers augmented and virtual reality products and services. Reality Labs has weighed heavily on its financials this year, reporting consistent operating losses - including a $3.7 billion loss in the third quarter.
However, the FoA segment offset those losses with a 24% increase in revenue and an 87% increase in operating profit in the quarter. Meta’s extensive user base provides a lucrative foundation for targeted advertising, a primary revenue stream for the company. Its advertising revenue increased by 23% in the quarter, totaling $33.6 billion.
The Road Ahead for Meta
Meta Platforms’ allure lies not only in its current dominance, but also in its ambitious vision for the future. In its Connect conference in September, the company revealed its latest AI innovations - including Quest 3, AI-powered Ray-Ban smart glasses, its AI Studio platform, and the addition of generative AI stickers to its messaging apps.
On the third-quarterearnings call Mark Zuckerberg stated that AI will be Meta's most important investment area in 2024. While management anticipates stronger growth in the coming quarters, the company expressed caution about the outlook, due to ongoing geopolitical conflicts around the world.
CFO Susan Li stated, “Coming into Q4, we've been seeing continued strong advertiser demand in key segments, including online commerce and gaming.” She added, “But having said that, we are also seeing more volatility at the start of the quarter.”
Li also highlighted that the company witnessed similar trends during the Russia-Ukraine war, which softened demand to some extent, which is why Meta continues to monitor the ongoing situation in the Middle East. As a result, the company expanded its Q4 revenue guidance range to account for the ongoing uncertainty.
On that note, management anticipates Q4 revenue of $36.5 billion to $40 million, representing a 14% to 25% increase. Meanwhile, analysts predict revenue of $38.9 billion and EPS of $4.91 in the fourth quarter.
Despite ongoing investments in AI and the metaverse, Meta boasts a hefty balance sheet, with $61.1 billion in cash and $18.4 billion in long-term debt. It also had $13.6 billion in free cash flow (FCF) at the end of Q3. With growing profits and a positive FCF, Meta should have no trouble paying off debts.
However, management anticipates capital expenditures to rise in 2024, due to increased investments in servers - both AI and non-AI. Meta also expects its Reality Labs operating losses to increase in 2024 amid metaverse product development efforts.
Analysts Expect More Upside From Meta Platforms
For 2024, analysts expect Meta’s revenue to increase by 13% year-over-year to $151 billion. Plus, EPS could jump to $17.29 in 2024, a growth of 21% over 2023. Meta shares are currently trading at about 19 times 2024 projected earnings, which seems reasonable for a growth stock with stellar AI opportunities.
Out of the 38 analysts covering Meta stock, 36 have a “strong buy” recommendation, 1 suggests a “moderate buy,” and 1 suggests a “strong sell.”
Based on analysts' average price target of $381.11, Wall Street sees a potential upside of about 14% in the next 12 months.
www.barchart.com
The Verdict on Meta Platforms
It might be difficult to award Meta Platform the title of "best of the Magnificent Seven," as each of these stocks is thriving this year as the AI niche expands rapidly. However, Meta Platforms' dominance in social networking, combined with its vision for the metaverse and AI, positions it as the one to watch among the "Magnificent Seven."
On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. While management anticipates stronger growth in the coming quarters, the company expressed caution about the outlook, due to ongoing geopolitical conflicts around the world. CFO Susan Li stated, “Coming into Q4, we've been seeing continued strong advertiser demand in key segments, including online commerce and gaming.” She added, “But having said that, we are also seeing more volatility at the start of the quarter.” Li also highlighted that the company witnessed similar trends during the Russia-Ukraine war, which softened demand to some extent, which is why Meta continues to monitor the ongoing situation in the Middle East.
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The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. Meta also expects its Reality Labs operating losses to increase in 2024 amid metaverse product development efforts. Analysts Expect More Upside From Meta Platforms For 2024, analysts expect Meta’s revenue to increase by 13% year-over-year to $151 billion.
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The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. Let’s find out if Meta Platforms is the crown jewel of the Magnificent 7. www.barchart.com Meta Platforms Continues to Impress With Its Efforts Renowned for its social media empire comprising Facebook, Instagram, WhatsApp, and Messenger, Meta stands at the forefront of digital connectivity, engaging billions of users globally. Analysts Expect More Upside From Meta Platforms For 2024, analysts expect Meta’s revenue to increase by 13% year-over-year to $151 billion.
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The popular term “Magnificent Seven” was awarded to the seven U.S. tech giants Meta Platforms (META) (formerly Facebook), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) (Google's parent company), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) by Bank of America analyst Michael Hartnett. However, the FoA segment offset those losses with a 24% increase in revenue and an 87% increase in operating profit in the quarter. On that note, management anticipates Q4 revenue of $36.5 billion to $40 million, representing a 14% to 25% increase.
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12471.0
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2023-11-17 00:00:00 UTC
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IVV, AAPL, MSFT, AMZN: ETF Inflow Alert
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AAPL
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https://www.nasdaq.com/articles/ivv-aapl-msft-amzn%3A-etf-inflow-alert-1
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.6 billion dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 813,900,000 to 817,400,000). Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is down about 0.1%, Microsoft Corporation (Symbol: MSFT) is down about 1.3%, and Amazon.com Inc (Symbol: AMZN) is up by about 1.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average:
Looking at the chart above, IVV's low point in its 52 week range is $376.49 per share, with $461.88 as the 52 week high point — that compares with a last trade of $452.30. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
DNAY shares outstanding history
ERC Dividend History
Funds Holding LFVN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is down about 0.1%, Microsoft Corporation (Symbol: MSFT) is down about 1.3%, and Amazon.com Inc (Symbol: AMZN) is up by about 1.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is down about 0.1%, Microsoft Corporation (Symbol: MSFT) is down about 1.3%, and Amazon.com Inc (Symbol: AMZN) is up by about 1.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $376.49 per share, with $461.88 as the 52 week high point — that compares with a last trade of $452.30. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is down about 0.1%, Microsoft Corporation (Symbol: MSFT) is down about 1.3%, and Amazon.com Inc (Symbol: AMZN) is up by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.6 billion dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 813,900,000 to 817,400,000). For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $376.49 per share, with $461.88 as the 52 week high point — that compares with a last trade of $452.30.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is down about 0.1%, Microsoft Corporation (Symbol: MSFT) is down about 1.3%, and Amazon.com Inc (Symbol: AMZN) is up by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.6 billion dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 813,900,000 to 817,400,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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12472.0
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2023-11-17 00:00:00 UTC
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Could Apple Stock Make You Rich?
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AAPL
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https://www.nasdaq.com/articles/could-apple-stock-make-you-rich
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nan
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nan
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Apple (NASDAQ: AAPL) has been a hugely successful investment. The tech giant's shares are up 290% in the past five years and 44% just in 2023 alone (as of Nov. 14). These gains are better than the ones generated by the broader Nasdaq Composite index.
But while past returns have been stellar, investors care what the future holds. Can this top FAANG stock, which carries a market capitalization of just under $3 trillion, make you rich over time? In other words, does Apple have the potential to make you a millionaire one day?
Continue reading to find out what I think about this company's investment merits.
Seeing a slowdown
Apple generated revenue and diluted earnings per share of $89.5 billion and $1.46, respectively, in its fiscal 2023 fourth quarter (ended Sept. 30). Both of these figures beat Wall Street estimates. But the sales number marked the fourth straight quarterly year-over-year decline. Whether it's high interest rates or inflationary pressures, the business is dealing with a less-favorable macro environment.
All of Apple's hardware products, except for the iPhone, experienced a drop in revenue. The bright spot was the company's services segment, which was able to bring in revenue of $22.3 billion, up 16% compared to the fourth quarter of 2022.
Investors likely weren't happy with management's comments about the current fiscal quarter. "Despite having one less week this year, we expect our December quarter, total company revenue to be similar to last year," said CFO Luca Maestri on the Q4 2023 earnings call.
Tempering expectations
To its credit, Apple can blame the economic backdrop for its weaker sales trends. After all, revenue has still increased at a compound annual rate of 12% between fiscal 2020 and fiscal 2023, which is impressive for a business of this size.
However, I think those investors who are looking at Apple as a stock that can make them rich should probably temper their expectations. As we're already seeing, many of the products the company sells are in the mature stages of their lifecycle, particularly the iPhone. Yes, Apple can lean on India as a growth driver, but it will take a lot to have any meaningful positive impact on the financials.
The services segment is a promising growth engine that provides a high-margin and recurring revenue stream. But I don't think it's reasonable to expect Apple to produce double-digit sales growth on a consistent basis in the years ahead, especially not without a truly game-changing product in the pipeline.
Making matters worse for prospective investors is Apple's current valuation. Shares are trading hands at a price-to-earnings (P/E) ratio of 30.6 right now. That's about 50% more expensive than the trailing-10-year average P/E multiple of 20.5. And it's a huge premium to the S&P 500's P/E ratio of 19.4.
It's widely accepted that Apple is a wonderful business. It's certainly good enough for Warren Buffett's Berkshire Hathaway to have a sizable stake in. But the price being paid matters.
Therefore, I think a valid argument can be made that because of limited growth opportunities and a steep starting valuation, Apple might not even produce returns that match the broader market over the next decade. The current setup just doesn't look favorable.
And this thought process makes me come to the conclusion that, no, Apple shares aren't likely to make investors rich. That is, at least when compared to other stocks that have greater long-term upside. This was a wildly successful stock in the past, but that performance might not repeat itself going forward.
10 stocks we like better than Apple
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Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) has been a hugely successful investment. Seeing a slowdown Apple generated revenue and diluted earnings per share of $89.5 billion and $1.46, respectively, in its fiscal 2023 fourth quarter (ended Sept. 30). But I don't think it's reasonable to expect Apple to produce double-digit sales growth on a consistent basis in the years ahead, especially not without a truly game-changing product in the pipeline.
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Apple (NASDAQ: AAPL) has been a hugely successful investment. And this thought process makes me come to the conclusion that, no, Apple shares aren't likely to make investors rich. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Apple (NASDAQ: AAPL) has been a hugely successful investment. Seeing a slowdown Apple generated revenue and diluted earnings per share of $89.5 billion and $1.46, respectively, in its fiscal 2023 fourth quarter (ended Sept. 30). However, I think those investors who are looking at Apple as a stock that can make them rich should probably temper their expectations.
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Apple (NASDAQ: AAPL) has been a hugely successful investment. However, I think those investors who are looking at Apple as a stock that can make them rich should probably temper their expectations. Making matters worse for prospective investors is Apple's current valuation.
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12473.0
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2023-11-17 00:00:00 UTC
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Here is What to Know Beyond Why Apple Inc. (AAPL) is a Trending Stock
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AAPL
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-apple-inc.-aapl-is-a-trending-stock-7
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nan
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nan
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this maker of iPhones, iPads and other products have returned +8.1%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Computer - Mini computers industry, which Apple falls in, has gained 6.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Apple is expected to post earnings of $2.07 per share, indicating a change of +10.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.5% over the last 30 days.
The consensus earnings estimate of $6.56 for the current fiscal year indicates a year-over-year change of +7%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.11 indicates a change of +8.5% from what Apple is expected to report a year ago. Over the past month, the estimate has changed -1.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Apple.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Apple, the consensus sales estimate for the current quarter of $117.84 billion indicates a year-over-year change of +0.6%. For the current and next fiscal years, $394.83 billion and $423.07 billion estimates indicate +3% and +7.2% changes, respectively.
Last Reported Results and Surprise History
Apple reported revenues of $89.5 billion in the last reported quarter, representing a year-over-year change of -0.7%. EPS of $1.46 for the same period compares with $1.29 a year ago.
Compared to the Zacks Consensus Estimate of $88.99 billion, the reported revenues represent a surprise of +0.57%. The EPS surprise was +5.04%.
Over the last four quarters, Apple surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Apple is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Last Reported Results and Surprise History Apple reported revenues of $89.5 billion in the last reported quarter, representing a year-over-year change of -0.7%.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Apple.
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12474.0
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2023-11-17 00:00:00 UTC
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13F Rundown: Tepper, Buffett, Druckenmiller
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AAPL
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https://www.nasdaq.com/articles/13f-rundown%3A-tepper-buffett-druckenmiller
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What is a 13F Disclosure?
A 13F disclosure is a quarterly report filed with the US Securities and Exchange Commission (SEC) by institutional investment managers managing at least $100 million in assets under management (AUM). The filing provides a detailed snapshot of their portfolio holdings, including stocks, options, and convertible securities. Investors pay close attention to this disclosure because it offers insights into the investment strategies of prominent fund managers. 13F disclosures are not a signal in itself but rather a means for building conviction in an industry or specific area of the market. Analyzing 13F filings can help individual investors by offering a glimpse into the thinking and positioning of successful money managers, potentially guiding their own investment decisions. Below are my three favorite 13Fs to follow:
David Tepper, Appaloosa
Takeaway: Bullish Big Tech
David Tepper is a billionaire hedge fund manager known for his successful bets on distressed companies. After the dust cleared from the Global Financial Crisis of 2008, he famously made his firm ~$7 billion by investing in beaten-down stocks such as Bank of America (BAC). With the proceeds, Tepper bought the NFL’s Carolina Panthers.
Tepper has one of the most bullish 13Fs on the street. Clearly, Tepper believes the strength in big-cap tech will continue. His top five positions include Nvidia (NVDA) (increased stake by 580%), Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN), and Alibaba (BABA). Because trends tend to last longer than most anticipate, Tepper’s bets make sense. Furthermore, despite its size, top-holding NVDA is slated to report eye-popping triple-digit earnings growth of 2245.85% in 2024!
Image Source: Zacks Investment Research
Warren Buffett, Berkshire Hathaway
Takeaway: Reducing Exposure (mainly old-economy value stocks), Remains Bullish AAPL
Warren Buffett needs little introduction. I like to follow Buffett’s portfolio because he has high conviction and low turnover – a winning combo for those looking to emulate a legend. In Q3, Buffett sold $7B worth of predominantly value stocks and exited names like General Motors (GM), Johnson and Johnson (JNJ), and Proctor and Gamble (PG). Unsurprisingly, Apple (AAPL) remains his largest position at a mind-blowing 50% allocation. Buffett famously loves cash-rich companies. Though Apple’s growth has slowed, it still has a hoard of cash on hand.
Image Source: Zacks Investment Research
Stanley Druckenmiller, Duquesne Capital Management
Takeaway: Bullish AI & eCommerce
Stan Druckenmiller is a highly successful investor who gained notoriety for “Breaking the Bank of England” with his then-mentor, George Soros. Across more than three decades of managing money, Druckenmiller has never registered a losing year. Druckenmiller’s top five positions include NVDA (reduced by 7%), Korean ecommerce company Coupang (CPNG), Microsoft (MSFT) (added 22%), Eli Lilly (LLY), and Teck Resources (TECK). Previously, Druckenmiller has compared the potential for AI to the internet, so it’s no surprise he is heavily weighted to the space. While Druckenmiller reduced his NVDA position, it remains his top holding, so it is likely that he remains bullish on the stock but is trading around a core position.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Johnson & Johnson (JNJ) : Free Stock Analysis Report
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
Teck Resources Ltd (TECK) : Free Stock Analysis Report
Coupang, Inc. (CPNG) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Warren Buffett, Berkshire Hathaway Takeaway: Reducing Exposure (mainly old-economy value stocks), Remains Bullish AAPL Warren Buffett needs little introduction. Unsurprisingly, Apple (AAPL) remains his largest position at a mind-blowing 50% allocation. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Coupang, Inc. (CPNG) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Coupang, Inc. (CPNG) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Warren Buffett, Berkshire Hathaway Takeaway: Reducing Exposure (mainly old-economy value stocks), Remains Bullish AAPL Warren Buffett needs little introduction. Unsurprisingly, Apple (AAPL) remains his largest position at a mind-blowing 50% allocation.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Coupang, Inc. (CPNG) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Warren Buffett, Berkshire Hathaway Takeaway: Reducing Exposure (mainly old-economy value stocks), Remains Bullish AAPL Warren Buffett needs little introduction. Unsurprisingly, Apple (AAPL) remains his largest position at a mind-blowing 50% allocation.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Coupang, Inc. (CPNG) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Warren Buffett, Berkshire Hathaway Takeaway: Reducing Exposure (mainly old-economy value stocks), Remains Bullish AAPL Warren Buffett needs little introduction. Unsurprisingly, Apple (AAPL) remains his largest position at a mind-blowing 50% allocation.
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12475.0
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2023-11-17 00:00:00 UTC
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ANALYSIS-US consumer watchdog hands Wall Street rare win with Big Tech crackdown
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AAPL
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https://www.nasdaq.com/articles/analysis-us-consumer-watchdog-hands-wall-street-rare-win-with-big-tech-crackdown
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By Hannah Lang
Nov 17 (Reuters) - The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf.
The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple AAPL.O and Google GOOGL.O, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards.
The long-anticipated move by CFPB Director Rohit Chopra, who built his career targeting Big Tech over privacy and competition issues, gives a competitive boost to lenders grappling with an onslaught of new rules from capital hikes and caps on debit and credit cards fees to tougher fair lending standards.
"The banks are under almost a bunker mentality right now. They are getting hit from a lot of different places," said Todd Phillips, a professor at Georgia State University. "So when a regulator basically says, we are going to start treating your competition a lot like the way we treat you, that is good news."
U.S. oversight of Big Tech financial services is fragmented. Companies must apply to each state for money transmitter licenses, and are subject to oversight by various regulators.
Seventeen companies would be affected including Apple, Google, PayPal PYPL.O and Block's SQ.N CashApp, which together facilitated roughly $1.7 trillion worth of payments in 2021, the CFPB said. The value of all non-cash payments - excluding wire transfers primarily used for large transfers - was $128.51 trillion in 2021, Federal Reserve data shows.
The CFPB already supervises PayPal and CashApp under its international money transfer rules, but Apple and Google would be subject to CFPB oversight for the first time. Google declined to comment and Apple did not respond to a request for comment.
"Silicon Valley is already a major part of the financial marketplace," the CFPB said in a statement. Subjecting large tech companies in the payments market to similar oversight as banks will increase competition, the agency said.
While tech giants rely on banks to process payments via bank-issued credit and debit cards, some - like Apple - charge lenders a fee for those transactions. The CFPB has also expressed concern that tech companies could be monetizing customer data and compromising user privacy.
Worried by this trend, the banking industry has been lobbying financial regulators to crack down on tech giants, arguing in public letters, blogs and congressional testimony that they are putting consumers' privacy at risk.
They called for the CFPB to invoke its authority under the 2010 Dodd-Frank law to designate "larger participants" in the nonbank market for consumer financial products. Washington trade group the Bank Policy Institute is among those leading that campaign.
"It's just not necessarily always clear to your average consumer what the differences are between a regulated and insured bank versus a totally unregulated tech company," said Paige Pidano Paridon, senior associate general counsel at BPI.
Banks, for example, are required by law to disclose their information-sharing practices to their customers and face limits on what consumer data they can share with third parties.
Representatives for Big Tech have accused the CFPB of trying to protect traditional lenders.
The Chamber of Progress, a tech industry coalition whose partners include Apple and Google, said last week the proposal was "more about giving Wall Street a leg up" than protecting consumers. The CFPB did not address a query on that claim.
Chopra has also been critical of bank practices and has targeted the fees they charge consumers, among other measures.
While Big Tech companies have deep pockets and plenty of resources to handle the new scrutiny, the rule could limit how they use and protect consumer data.
Legal experts also said the CFPB clearly has the authority to regulate Big Tech's payment businesses, suggesting the industry may not fight the proposal. The CFPB is accepting public feedback on the proposal until early 2024.
"From the perspective of large technology companies, you might even prefer to be supervised, because the agency is not going away," said John Coleman, a partner at Orrick, Herrington & Sutcliffe.
(Reporting by Hannah Lang in Washington; Additional reporting by Stephen Nellis; Editing by Michelle Price and Richard Chang)
((Hannah.Lang@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple AAPL.O and Google GOOGL.O, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards. By Hannah Lang Nov 17 (Reuters) - The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf. Worried by this trend, the banking industry has been lobbying financial regulators to crack down on tech giants, arguing in public letters, blogs and congressional testimony that they are putting consumers' privacy at risk.
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The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple AAPL.O and Google GOOGL.O, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards. The CFPB already supervises PayPal and CashApp under its international money transfer rules, but Apple and Google would be subject to CFPB oversight for the first time. Subjecting large tech companies in the payments market to similar oversight as banks will increase competition, the agency said.
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The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple AAPL.O and Google GOOGL.O, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards. By Hannah Lang Nov 17 (Reuters) - The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf. The long-anticipated move by CFPB Director Rohit Chopra, who built his career targeting Big Tech over privacy and competition issues, gives a competitive boost to lenders grappling with an onslaught of new rules from capital hikes and caps on debit and credit cards fees to tougher fair lending standards.
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The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple AAPL.O and Google GOOGL.O, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards. Subjecting large tech companies in the payments market to similar oversight as banks will increase competition, the agency said. Banks, for example, are required by law to disclose their information-sharing practices to their customers and face limits on what consumer data they can share with third parties.
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2023-11-17 00:00:00 UTC
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2 Soaring Stocks I'd Buy Now With No Hesitation
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AAPL
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https://www.nasdaq.com/articles/2-soaring-stocks-id-buy-now-with-no-hesitation-1
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nan
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nan
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There are some stocks you can buy with almost guaranteed confidence that they will offer consistent gains over the long term. Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two such companies with long histories of being top growth stocks thanks to their dominating positions in technology.
Apple has reached record heights in consumer electronics, with its devices becoming a favorite among shoppers worldwide. Meanwhile, Amazon is the biggest name in e-commerce and the cloud market, two sectors that are expected to blow up in the coming years.
Data by YCharts
The chart above illustrates how both companies have enjoyed stellar stock growth since 2018. While past performance isn't always indicative of what's to come, I wouldn't bet against Apple and Amazon equaling or exceeding that growth over the next five years as they expand in booming markets like artificial intelligence (AI) and virtual/augmented reality.
Here are two soaring stocks I'd buy now with no hesitation.
1. Apple
Apple shares have climbed 44% this year as its reputation for reliability has outshone recent losses. The company has suffered repeated declines in product sales over the last year as macroeconomic headwinds have curbed consumer spending. Consequently, Apple's revenue for fiscal 2023 dipped 3% year over year.
However, economic challenges won't last forever, and Apple's dominance in consumer tech remains an attractive selling point of its stock. Despite market hurdles, shoppers have continued to show a strong preference for Apple's offerings. In the third quarter of 2023, U.S. smartphone shipments tumbled 19% year over year (per Counterpoint Research). The declines led Samsung's and Alphabet's sales to fall 26% and 37%. However, Apple outperformed these competitors, with its iPhone sales dipping 11% as it retained its 55% market share.
Apple holds leading market shares in most of its product categories, benefiting from the immense brand loyalty it has built with consumers. The company's dominance may have made it vulnerable to economic declines this year, but it stands to gain a lot when the market inevitably recovers.
Apple is the most valuable company in the world, with a market capitalization of $2.9 trillion. The company may have stumbled this year, but its continued stock growth shows the resilience of its shares. With its booming services business and expansion into AI, Apple is a stock I'd buy with no hesitation.
2. Amazon
Amazon shares are up 73% this year, rallying Wall Street with significant profit growth in its retail segments and a promising future in AI.
Like Apple, Amazon has been hit hard by an economic downturn. Its e-commerce segments posted close to $11 billion in operating losses in fiscal 2022, a shocking figure as over 80% of the company's revenue comes from its retail business. However, challenging conditions are sometimes the best test of a company's strength and adaptability.
Amazon has come out shining this year, clawing its e-commerce business back to profitability and illustrating why it's a company investors can trust to grow over the long term. The retail giant's North American segment hit over $4 billion in operating income in the third quarter of 2023, improving on the $412 million in losses it posted in the year-ago period.
The spike in profits comes after numerous cost-cutting measures. Restructuring moves introduced last year, such as closing dozens of warehouses, sunsetting unprofitable projects, and laying off thousands of employees, saw Amazon rethink its business model and focus solely on what matters most to its customers. The company has continued prioritizing profits in 2023, unleashing another round of layoffs this week in its game and music divisions.
As Amazon reduces costs in less successful areas of its business, the company is heavily expanding in AI through its cloud platform, Amazon Web Services (AWS). The market has exploded this year and is expected to develop at a compound annual growth rate of 37% through 2030. AI is an intriguing growth area, and AWS' dominance in the cloud market could be a huge advantage over the long term.
Amazon has a stellar outlook in the coming years as its e-commerce business continues to recover and it begins profiting from its AI offerings. The company has proven it has strong leadership at the helm and its stock is a no-brainer right now.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 6, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two such companies with long histories of being top growth stocks thanks to their dominating positions in technology. Amazon has come out shining this year, clawing its e-commerce business back to profitability and illustrating why it's a company investors can trust to grow over the long term. The retail giant's North American segment hit over $4 billion in operating income in the third quarter of 2023, improving on the $412 million in losses it posted in the year-ago period.
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Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two such companies with long histories of being top growth stocks thanks to their dominating positions in technology. Consequently, Apple's revenue for fiscal 2023 dipped 3% year over year. Its e-commerce segments posted close to $11 billion in operating losses in fiscal 2022, a shocking figure as over 80% of the company's revenue comes from its retail business.
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Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two such companies with long histories of being top growth stocks thanks to their dominating positions in technology. While past performance isn't always indicative of what's to come, I wouldn't bet against Apple and Amazon equaling or exceeding that growth over the next five years as they expand in booming markets like artificial intelligence (AI) and virtual/augmented reality. Amazon Amazon shares are up 73% this year, rallying Wall Street with significant profit growth in its retail segments and a promising future in AI.
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Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two such companies with long histories of being top growth stocks thanks to their dominating positions in technology. Despite market hurdles, shoppers have continued to show a strong preference for Apple's offerings. Amazon has a stellar outlook in the coming years as its e-commerce business continues to recover and it begins profiting from its AI offerings.
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2023-11-17 00:00:00 UTC
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Up 34% in 2023, Is It Safe to Invest in the Nasdaq Right Now?
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AAPL
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https://www.nasdaq.com/articles/up-34-in-2023-is-it-safe-to-invest-in-the-nasdaq-right-now
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nan
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nan
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The bear market dragged down all three major indexes last year, but the Nasdaq Composite had it the worst. That's because the benchmark includes many high-growth players, such as technology stocks, and these types of investments are the first to suffer during times of higher inflation and general economic woes. But the good news is that they often are the first to rebound when market conditions improve. And that's exactly what's happening today.
The Nasdaq has rallied by 34% so far this year, outperforming the S&P 500 and the Dow Jones Industrial Average. This is as many of last year's beaten-down technology players -- such as Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- rebound.
This may be reason for you to cheer if you already own shares of these or other Nasdaq companies. But what about if you're looking to add to your positions, open new positions, or start investing from scratch? Though markets are on the rise right now, they still could dip on any disappointing economic or company news. So, after such gains, is it safe to invest in the Nasdaq right now?
Image source: Getty Images.
High-growth companies
As mentioned, the Nasdaq Composite index includes many companies that are particularly sensitive to economic news because their high-growth profiles are tied to macro conditions. For example, higher interest rates make it more difficult and expensive for these players to borrow the money they may require in order to grow their businesses.
Also, in challenging economic times, investors tend to flock to the safety of long-established companies with steady earnings paths -- businesses such as big pharma players. (People will need their medicines no matter what the economy is doing, so their revenues are cushioned even during tough times.) But they tend to shy away from growth stocks, seen as higher risk.
In better market conditions, though, growth stocks tend to rise because, soon, they may not face the challenges I just mentioned. And that means they can do what they usually do best: grow revenues at a fast pace.
Growth stocks, and therefore the Nasdaq, have benefited from this since the start of the year, and everyone is hoping the trend will lead sooner rather than later to the official beginning of the next bull market. So far, in the U.S., every bear market has eventually been followed by a bull market, so we can expect to transition to one this time too -- but we just don't know exactly when.
So, should you buy Nasdaq stocks now? Or could the index be heading for further declines before the next bull market? It's impossible to predict the index's next move, but, whether it continues to rally, takes a pause, or declines, it's still safe to buy stocks right now -- for two reasons.
First, market phases are temporary, so gains in the future could compensate for near-term troubles. Looking at the Nasdaq's record over time shows us that, after periods of declines, it has always resumed its climb higher.
^IXIC data by YCharts.
A long-term focus
That's why it's key to buy stocks and hold them for the long term. Here's a specific example. If you'd sold Amazon shares in late 2018 during a period of declines, you would have missed out on a new wave of gains that started in 2020. As long as a company's long-term story remains compelling, it's a great idea to hold on through tough periods.
AMZN data by YCharts.
Second, even though the Nasdaq has climbed quite a bit, some stocks -- even those that have advanced -- remain excellent bargains. Apple (NASDAQ: AAPL) is a perfect example. The iPhone maker trades for only 28 times forward earnings estimates, which is dirt cheap considering the company's brand dominance, financial strength, and growth in the high-margin services segment. So, today, Apple -- and many other Nasdaq companies -- make top long-term buys.
Finally, remember that trying to time the market -- attempting to sell at the high points of its cycles and buy at the low points -- is nearly impossible to do successfully with any consistency. And over time, it generally won't add to your gains much. That's why it's best to keep investing throughout every market phase, focusing on opportunities of the moment and holding on for the long term. And today, you can continue doing this by investing in the Nasdaq and its high-growth companies.
10 stocks we like better than Amazon
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 6, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adria Cimino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) is a perfect example. That's because the benchmark includes many high-growth players, such as technology stocks, and these types of investments are the first to suffer during times of higher inflation and general economic woes. Also, in challenging economic times, investors tend to flock to the safety of long-established companies with steady earnings paths -- businesses such as big pharma players.
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Apple (NASDAQ: AAPL) is a perfect example. This is as many of last year's beaten-down technology players -- such as Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- rebound. High-growth companies As mentioned, the Nasdaq Composite index includes many companies that are particularly sensitive to economic news because their high-growth profiles are tied to macro conditions.
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Apple (NASDAQ: AAPL) is a perfect example. This is as many of last year's beaten-down technology players -- such as Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- rebound. High-growth companies As mentioned, the Nasdaq Composite index includes many companies that are particularly sensitive to economic news because their high-growth profiles are tied to macro conditions.
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Apple (NASDAQ: AAPL) is a perfect example. This is as many of last year's beaten-down technology players -- such as Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- rebound. So, should you buy Nasdaq stocks now?
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12478.0
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2023-11-17 00:00:00 UTC
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Validea Detailed Fundamental Analysis - AAPL
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AAPL
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-aapl-8
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Top Technology Stocks
Top Large-Cap Growth Stocks
High Momentum Stocks
High Insider Ownership Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12479.0
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2023-11-17 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Lululemon, Apple, Tesla, Novo Nordisk and DraftKings
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AAPL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-lululemon-apple-tesla-novo-nordisk-and
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nan
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nan
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For Immediate Release
Chicago, IL – November 17, 2023 – Today, Zacks Investment Ideas feature highlights Lululemon LULU, Apple AAPL, Tesla TSLA, Novo Nordisk NVO and DraftKings DKNG.
3 Industry Titans Benefiting from Mega-Trends
What do stretchy pants, fat-loss drugs, and sport betting have in common? Each of these is powering some of the strongest mega-trends on Wall Street. Regardless of how sophisticated the underlying technology or service is, savvy investors understand that such trends ultimately drive earnings, and earnings drive stocks. Below are three industry titans that are benefitting from such trends, setting up technically, outperforming their industry group peers, and producing robust earnings:
Apparel: Lululemon
Lululemon is a popular athletic apparel and lifestyle brand known for its high-quality yoga and athletic wear. The company has gained a massive following by combining a unique, minimalist style activewear with functionality and comfort. Though the company came to prominence for its woman’s yoga wear, its success in other demographics is attributed to its emphasis on technical innovation, using performance fabrics and thoughtful design to enhance the overall workout experience. Like Wall Street juggernauts Apple and Tesla,the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events.
A Consistent Earnings Winner
While the retail sector has struggled and are flat for the year, LULU has produced gains of nearly 30% year-to-date. That’s because LULU has consistently delivered double-digit earnings and sales for several years.LULU not only produces robust earnings; it tends to beat analyst expectations. LULU has produced positive earnings surprises for 13 straight quarters.
Because LULU is clearly best in breed, the stock should outperform should the retail sector find its footing. For investors who missed LULU’s initial move, the stock offers a second opportunity in the form of a post-EPS pullback to support.
Fat Loss Drug: Novo Nordisk
The typical American diet has played a significant role in the explosion in obesity due to its destructive combination of processed foods, added sugars, and unhealthy fats. Obesity is associated with an increased risk of severe health conditions, including type 2 diabetes, heart disease, hypertension, and cancer. Though many Americans are armed with this information, few take precautions and turn to calorie-dense foods out of convenience or lack of discipline.
For years, people have dreamed of a fat-loss drug that works. Novo Nordisk has made that dream a reality through its blockbuster drug Ozempic. The math is simple: NVO benefits from the mega-trend of obesity. As obesity levels continue to soar, Ozempic will benefit. Next year, analysts expect NVO to rake in a breathtaking $38 billion revenue.
Relative Strength Monster
Few stocks have shown the type of relative strength that NVO has displayed. While the Zacks Drugs Market Industry is down 11.5% year-to-date, NVO is up 46% and is set up to break out again.
Sports Betting: DraftKings
DraftKings is the most popular American sports gambling platform. The DKNG platform allows users to participate in daily and weekly fantasy sports competitions across various professional sports. Beyond fantasy sports, DraftKings has expanded its offerings to include traditional sports betting in regions where it is legal.
DKNG’s fundamentals make it abundantly clear that more and more Americans find entertainment in betting on games rather than simply watching them. Furthermore, DKNG is the undisputed leader in the industry because it is legally approved in more states than any of its competitors. After smashing Zacks Consensus Estimates last quarter, future estimates suggest healthy, robust, and sustained growth in the coming quarters.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Novo Nordisk A/S (NVO) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
DraftKings Inc. (DKNG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – November 17, 2023 – Today, Zacks Investment Ideas feature highlights Lululemon LULU, Apple AAPL, Tesla TSLA, Novo Nordisk NVO and DraftKings DKNG. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Though the company came to prominence for its woman’s yoga wear, its success in other demographics is attributed to its emphasis on technical innovation, using performance fabrics and thoughtful design to enhance the overall workout experience.
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For Immediate Release Chicago, IL – November 17, 2023 – Today, Zacks Investment Ideas feature highlights Lululemon LULU, Apple AAPL, Tesla TSLA, Novo Nordisk NVO and DraftKings DKNG. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Below are three industry titans that are benefitting from such trends, setting up technically, outperforming their industry group peers, and producing robust earnings: Apparel: Lululemon Lululemon is a popular athletic apparel and lifestyle brand known for its high-quality yoga and athletic wear.
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For Immediate Release Chicago, IL – November 17, 2023 – Today, Zacks Investment Ideas feature highlights Lululemon LULU, Apple AAPL, Tesla TSLA, Novo Nordisk NVO and DraftKings DKNG. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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For Immediate Release Chicago, IL – November 17, 2023 – Today, Zacks Investment Ideas feature highlights Lululemon LULU, Apple AAPL, Tesla TSLA, Novo Nordisk NVO and DraftKings DKNG. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Industry Titans Benefiting from Mega-Trends What do stretchy pants, fat-loss drugs, and sport betting have in common?
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12480.0
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2023-11-17 00:00:00 UTC
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Should Motley Fool 100 Index ETF (TMFC) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-motley-fool-100-index-etf-tmfc-be-on-your-investing-radar-9
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nan
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nan
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Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Motley Fool 100 Index ETF (TMFC), a passively managed exchange traded fund launched on 01/30/2018.
The fund is sponsored by Motley Fool Asset Management. It has amassed assets over $592.97 million, making it one of the average sized ETFs attempting to match the Large Cap Growth segment of the US equity market.
Why Large Cap Growth
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Qualities of growth stocks include faster growth rates compared to the broader market, as well as higher valuations and higher than average sales and earnings growth rates. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.50%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.19%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 43.10% of the portfolio. Telecom and Consumer Discretionary round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.76% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc (GOOG).
The top 10 holdings account for about 60.5% of total assets under management.
Performance and Risk
TMFC seeks to match the performance of the MOTLEY FOOL 100 INDEX before fees and expenses. The Motley Fool 100 Index is an index of US stocks, recommended by The Motley Fool, LLC (TMF) analysts, either in the Motley Fool IQ analyst opinion database or TMF research publications. From this recommendation pool, the index chooses the 100 largest US companies by market cap and weights them according to market capitalization. The index undergoes quarterly reconstitution.
The ETF has gained about 40.28% so far this year and is up about 31.32% in the last one year (as of 11/17/2023). In the past 52-week period, it has traded between $29.82 and $42.66.
The ETF has a beta of 1.07 and standard deviation of 21.82% for the trailing three-year period. With about 102 holdings, it effectively diversifies company-specific risk.
Alternatives
Motley Fool 100 Index ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, TMFC is an outstanding option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $97.81 billion in assets, Invesco QQQ has $212.04 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Motley Fool 100 Index ETF (TMFC): ETF Research Reports
Alphabet Inc. (GOOG) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Vanguard Growth ETF (VUG): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.76% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc (GOOG). Click to get this free report Motley Fool 100 Index ETF (TMFC): ETF Research Reports Alphabet Inc. (GOOG) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $592.97 million, making it one of the average sized ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Click to get this free report Motley Fool 100 Index ETF (TMFC): ETF Research Reports Alphabet Inc. (GOOG) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.76% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc (GOOG). You should consider the Motley Fool 100 Index ETF (TMFC), a passively managed exchange traded fund launched on 01/30/2018.
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Click to get this free report Motley Fool 100 Index ETF (TMFC): ETF Research Reports Alphabet Inc. (GOOG) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.76% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc (GOOG). Alternatives Motley Fool 100 Index ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.76% of total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc (GOOG). Click to get this free report Motley Fool 100 Index ETF (TMFC): ETF Research Reports Alphabet Inc. (GOOG) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
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12481.0
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2023-11-16 00:00:00 UTC
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July 2024 Options Now Available For Apple
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AAPL
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https://www.nasdaq.com/articles/july-2024-options-now-available-for-apple
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nan
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nan
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Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the July 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new July 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $185.00 strike price has a current bid of $8.95. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $185.00, but will also collect the premium, putting the cost basis of the shares at $176.05 (before broker commissions). To an investor already interested in purchasing shares of AAPL, that could represent an attractive alternative to paying $188.92/share today.
Because the $185.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.84% return on the cash commitment, or 7.18% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Apple Inc, and highlighting in green where the $185.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $190.00 strike price has a current bid of $15.30. If an investor was to purchase shares of AAPL stock at the current price level of $188.92/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $190.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.67% if the stock gets called away at the July 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $190.00 strike highlighted in red:
Considering the fact that the $190.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.10% boost of extra return to the investor, or 12.02% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $188.92) to be 23%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Nasdaq 100 »
Also see:
Advertising Dividend Stocks
APTX Options Chain
Top Ten Hedge Funds Holding RIF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $190.00 strike highlighted in red: Considering the fact that the $190.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the July 2024 expiration.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $190.00 strike highlighted in red: Considering the fact that the $190.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the July 2024 expiration.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $190.00 strike highlighted in red: Considering the fact that the $190.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the July 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new July 2024 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new July 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAPL's trailing twelve month trading history, with the $190.00 strike highlighted in red: Considering the fact that the $190.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the July 2024 expiration.
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12482.0
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2023-11-16 00:00:00 UTC
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3 Industry Titans Benefitting from Mega Trends
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AAPL
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https://www.nasdaq.com/articles/3-industry-titans-benefitting-from-mega-trends
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nan
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nan
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What do stretchy pants, fat-loss drugs, and sport betting have in common? Each of these is powering some of the strongest mega-trends on Wall Street. Regardless of how sophisticated the underlying technology or service is, savvy investors understand that such trends ultimately drive earnings, and earnings drive stocks. Below are three industry titans that are benefitting from such trends, setting up technically, outperforming their industry group peers, and producing robust earnings:
Apparel: Lululemon (LULU)
Lululemon is a popular athletic apparel and lifestyle brand known for its high-quality yoga and athletic wear. The company has gained a massive following by combining a unique, minimalist style activewear with functionality and comfort. Though the company came to prominence for its woman’s yoga wear, its success in other demographics is attributed to its emphasis on technical innovation, using performance fabrics and thoughtful design to enhance the overall workout experience. Like Wall Street juggernauts Apple (AAPL) and Tesla (TSLA), the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events.
A Consistent Earnings Winner
While the retail sector and the SPDR S&P Retail ETF (XRT) have struggled and are flat for the year, LULU has produced gains of nearly 30% year-to-date. That’s because LULU has consistently delivered double-digit earnings and sales for several years.LULU not only produces robust earnings; it tends to beat analyst expectations. LULU has produced positive earnings surprises for 13 straight quarters.
Image Source: Zacks Investment Research
Because LULU is clearly best in breed, the stock should outperform should the retail sector find its footing. For investors who missed LULU’s initial move, the stock offers a second opportunity in the form of a post-EPS pullback to support.
Image Source: TradingView
Fat Loss Drug: Novo Nordisk (NVO)
The typical American diet has played a significant role in the explosion in obesity due to its destructive combination of processed foods, added sugars, and unhealthy fats. Obesity is associated with an increased risk of severe health conditions, including type 2 diabetes, heart disease, hypertension, and cancer. Though many Americans are armed with this information, few take precautions and turn to calorie-dense foods out of convenience or lack of discipline.
For years, people have dreamed of a fat-loss drug that works. Novo Nordisk has made that dream a reality through its blockbuster drug Ozempic. The math is simple: NVO benefits from the mega-trend of obesity. As obesity levels continue to soar, Ozempic will benefit. Next year, analysts expect NVO to rake in a breathtaking $38 billion revenue.
Image Source: Zacks Investment Research
Relative Strength Monster
Few stocks have shown the type of relative strength that NVO has displayed. While the Zacks Drugs Market Industry is down 11.5% year-to-date, NVO is up 46% and is set up to break out again.
Image Source: Zacks Investment Research
Sports Betting: DraftKings (DKNG)
DraftKings is the most popular American sports gambling platform. The DKNG platform allows users to participate in daily and weekly fantasy sports competitions across various professional sports. Beyond fantasy sports, DraftKings has expanded its offerings to include traditional sports betting in regions where it is legal.
DKNG’s fundamentals make it abundantly clear that more and more Americans find entertainment in betting on games rather than simply watching them. Furthermore, DKNG is the undisputed leader in the industry because it is legally approved in more states than any of its competitors. After smashing Zacks Consensus Estimates last quarter, future estimates suggest healthy, robust, and sustained growth in the coming quarters.
Image Source: Zacks Investment Research
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Novo Nordisk A/S (NVO) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
SPDR S&P Retail ETF (XRT): ETF Research Reports
DraftKings Inc. (DKNG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Like Wall Street juggernauts Apple (AAPL) and Tesla (TSLA), the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Though the company came to prominence for its woman’s yoga wear, its success in other demographics is attributed to its emphasis on technical innovation, using performance fabrics and thoughtful design to enhance the overall workout experience.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Like Wall Street juggernauts Apple (AAPL) and Tesla (TSLA), the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events. Below are three industry titans that are benefitting from such trends, setting up technically, outperforming their industry group peers, and producing robust earnings: Apparel: Lululemon (LULU) Lululemon is a popular athletic apparel and lifestyle brand known for its high-quality yoga and athletic wear.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. Like Wall Street juggernauts Apple (AAPL) and Tesla (TSLA), the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events. Image Source: Zacks Investment Research Because LULU is clearly best in breed, the stock should outperform should the retail sector find its footing.
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Like Wall Street juggernauts Apple (AAPL) and Tesla (TSLA), the LULU brand has cultivated a strong community through its strong community and lifestyle image, fostering customer loyalty through initiatives like in-store yoga classes and community events. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports DraftKings Inc. (DKNG) : Free Stock Analysis Report To read this article on Zacks.com click here. A Consistent Earnings Winner While the retail sector and the SPDR S&P Retail ETF (XRT) have struggled and are flat for the year, LULU has produced gains of nearly 30% year-to-date.
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2023-11-16 00:00:00 UTC
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US wraps up antitrust case against Google in historic trial
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AAPL
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https://www.nasdaq.com/articles/us-wraps-up-antitrust-case-against-google-in-historic-trial-0
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nan
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Adds further testimony, context
WASHINGTON, Nov 16 (Reuters) - The U.S. government went back to basics in arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the online search leader of breaking antitrust law with its tactics.
In the trial, which started on Sept. 12 and is widely expected to end on Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused its power to favor its bottom line.
Judge Amit Mehta of the U.S. District Court for the District of Columbia will decide the case, the first of four aimed at reining in tech leaders. The government has filed a second case against Google as well as one each against Meta and Amazon.com.
MIT economics professor Michael Whinston, the government's final witness, argued that Google's U.S. market share of nearly 90% meant it had little incentive to improve quality.
"When there's not a competitive threat, they're not making that investment. And quality is lower," Whinston said under questioning from Adam Severt of the Justice Department, one of the lawyers who signed the original 2020 complaint against Google.
Whinston disagreed with Google's arguments that it had to compete with Microsoft to be exclusively pre-installed on smartphones. Google's payments to Apple and others, totaling $26.3 billion in 2021, are essentially monopoly profits paid to distributors, he said. "Google made a lot of profit on these contracts."
Alphabet reported a net profit of $19.69 billion for July to September, up from $13.91 billion in the year-ago period. Revenue totaled $76.69 billion for the quarter.
"Google has exercised significant market power by raising prices. It has done so to capture as much of advertisers' surplus as it can," said Whinston, citing Google experiments showing advertisers had little reaction when it raised ad rates. "Every time, they found that raising prices is profitable."
Witnesses from Verizon, Android maker Samsung and Google itself have previously testified about the company's annual payments to ensure that its search is the default on smartphones and browsers and to keep its market share in the stratosphere.
No decision on whether to hold closing arguments, the final phase of the trial, has been made.
(Reporting by Diane Bartz; Editing by Richard Chang)
((Chris.Sanders@thomsonreuters.com; +1 202-558-8254; Reuters Messaging: chris.sanders.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds further testimony, context WASHINGTON, Nov 16 (Reuters) - The U.S. government went back to basics in arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the online search leader of breaking antitrust law with its tactics. In the trial, which started on Sept. 12 and is widely expected to end on Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused its power to favor its bottom line. Witnesses from Verizon, Android maker Samsung and Google itself have previously testified about the company's annual payments to ensure that its search is the default on smartphones and browsers and to keep its market share in the stratosphere.
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Adds further testimony, context WASHINGTON, Nov 16 (Reuters) - The U.S. government went back to basics in arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the online search leader of breaking antitrust law with its tactics. MIT economics professor Michael Whinston, the government's final witness, argued that Google's U.S. market share of nearly 90% meant it had little incentive to improve quality. "Google has exercised significant market power by raising prices.
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Adds further testimony, context WASHINGTON, Nov 16 (Reuters) - The U.S. government went back to basics in arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the online search leader of breaking antitrust law with its tactics. MIT economics professor Michael Whinston, the government's final witness, argued that Google's U.S. market share of nearly 90% meant it had little incentive to improve quality. Google's payments to Apple and others, totaling $26.3 billion in 2021, are essentially monopoly profits paid to distributors, he said.
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Adds further testimony, context WASHINGTON, Nov 16 (Reuters) - The U.S. government went back to basics in arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the online search leader of breaking antitrust law with its tactics. "Google made a lot of profit on these contracts." "Every time, they found that raising prices is profitable."
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2023-11-16 00:00:00 UTC
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Apple to make messaging between iPhones and Androids easier - Bloomberg News
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AAPL
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https://www.nasdaq.com/articles/apple-to-make-messaging-between-iphones-and-androids-easier-bloomberg-news
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nan
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Adds details from report in paragraph 2, background in paragraph 4 and 5
Nov 16 (Reuters) - Apple AAPL.O plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday.
The company has been pushing back on the Rich Communication Services (RCS) standard for more than a year, even as Alphabet's Google GOOGL.O and others have pressured the iPhone maker to adopt the technology, the report said.
Apple did not immediately respond to a Reuters request for comment.
The company said the new technology would work alongside iMessage and offer better interoperability than SMS or MMS, according to the report.
With RCS, considered an industry standard for messaging, users can send and receive high-quality photos and videos, chat over WiFi or cellular data and know when messages were read, among other features.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath)
((Samrhitha.A@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from report in paragraph 2, background in paragraph 4 and 5 Nov 16 (Reuters) - Apple AAPL.O plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday. The company has been pushing back on the Rich Communication Services (RCS) standard for more than a year, even as Alphabet's Google GOOGL.O and others have pressured the iPhone maker to adopt the technology, the report said. The company said the new technology would work alongside iMessage and offer better interoperability than SMS or MMS, according to the report.
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Adds details from report in paragraph 2, background in paragraph 4 and 5 Nov 16 (Reuters) - Apple AAPL.O plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday. The company has been pushing back on the Rich Communication Services (RCS) standard for more than a year, even as Alphabet's Google GOOGL.O and others have pressured the iPhone maker to adopt the technology, the report said. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath) ((Samrhitha.A@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from report in paragraph 2, background in paragraph 4 and 5 Nov 16 (Reuters) - Apple AAPL.O plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday. The company has been pushing back on the Rich Communication Services (RCS) standard for more than a year, even as Alphabet's Google GOOGL.O and others have pressured the iPhone maker to adopt the technology, the report said. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath) ((Samrhitha.A@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from report in paragraph 2, background in paragraph 4 and 5 Nov 16 (Reuters) - Apple AAPL.O plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday. The company has been pushing back on the Rich Communication Services (RCS) standard for more than a year, even as Alphabet's Google GOOGL.O and others have pressured the iPhone maker to adopt the technology, the report said. Apple did not immediately respond to a Reuters request for comment.
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2023-11-16 00:00:00 UTC
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EXPLAINER-What is Black Friday? And will shoppers find bargains this year?
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AAPL
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https://www.nasdaq.com/articles/explainer-what-is-black-friday-and-will-shoppers-find-bargains-this-year
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By Juveria Tabassum, Savyata Mishra
Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24.
Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, Black Friday normally marks the unofficial start of the Christmas shopping season.
Retailers in the U.S., Europe and elsewhere will be trying to cash in on the hoopla. Here is what to expect from Black Friday 2023.
WHY IS IT CALLED 'BLACK' FRIDAY?
Starting around the 1960s and early 1970s, police and bus drivers in Philadelphia used the term "Black Friday" to refer to the chaos an influx of people to the city created before the Thanksgiving weekend. Visitors would trawl the stores in Philadelphia on Friday with their Christmas lists looking for gifts. Shoplifting and parking violations ensued.
Department stores re-branded the term to "Big Friday" to put a more positive spin on it. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
"What we know is Black Friday, because it's so ceremonial, we get more people participating in it," Collins said.
WHAT ARE RETAILERS' PLANS THIS YEAR?
Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
Such early promotions could help them measure shopper demand and avoid product shortages, which could be a big problem this year. Water levels in a key shipping artery, the Panama Canal, have dropped due to a severe drought, cutting the number of ships carrying merchandise through it.
Many retailers in the U.S. intentionally muted their holiday hiring plans. Labor shortages are also a challenge for retailers in Europe, meaning shoppers could find fewer staff to help them.
ARE BLACK FRIDAY CROWDS LIKELY THIS YEAR?
Thanksgiving weekend, which encompasses Black Friday and Cyber Monday - the Monday after Thanksgiving - is typically the busiest shopping period in the United States. A record 196.7 million shoppers in the U.S. dug into deals over this period last year, spending an average of $325.44 on holiday-related items, according to data from the National Retail Federation (NRF).
But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas falling on a Monday, the "procrastination factor (is) even greater because shoppers can wait until Saturday or Sunday" before Christmas to get gifts, she said this week.
Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions.
Wet weather, which deterred in-store traffic in some parts of the U.S. last year on Black Friday morning, is largely not expected this year, according AccuWeather.
Although most U.S. stores will be closed on Thanksgiving again this year, opening for shoppers at 5 a.m. or 6 a.m on Friday, some retailers are advertising discounts online that kick in starting at 12:01 a.m. on Thanksgiving.
Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99.
Retailers big and small are touting online ordering and curbside pick-up this year for the convenience of shoppers who want to avoid stores. In the past decade, Americans' Black Friday purchases online have more than tripled, reaching $9.12 billion on the day last year, according to data from Adobe Analytics.
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR?
Several major retailers from Dollar General DG.N to Walmart WMT.N and Macy's M.N could be saddled with too much stock for a second straight year, according to a Reuters analysis. They likely will need to offer discounts in order to drive shoppers to their stores and websites.
Even ahead of Black Friday, research firm Jane Hali & Associates said discounts at Kohl's KSS.N and Macy's were as high as 60%, with foot traffic lower at these two retailers and Nordstrom JWN.N compared to last year.
Adobe said online discounts were expected to be as steep as 35% on toys, 24% on sporting goods and 19% on furniture.
HOW MUCH ARE SHOPPERS EXPECTED TO SPEND?
Holiday sales online and in U.S. stores are expected to rise between 3% and 4% during November and December, their slowest pace in five years, according to a forecast by the NRF.
Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics.
An estimated 132 million Americans plan to shop the pre-holiday sales such as Black Friday and Cyber Monday in 2023, from an estimated 140 million shoppers last year, according to a report by fintech firm Finder.
In the United Kingdom, online spending during Black Friday is expected to rise 4.5% to 1.05 billion pounds ($1.30 billion), with total sales over the Cyber Weekend reaching 3.8 billion pounds, according to an Adobe forecast.
WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS?
With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
Consumers were looking to make the most of promotional events and wrap up their shopping in just 5.8 weeks this year, when compared to a 7.4-week window pre-pandemic, according to data from Deloitte.
WHAT ITEMS ARE HOT FOR BLACK FRIDAY THIS YEAR?
IPhones will be hot again, with the recent launch of the iPhone 15. Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China.
Electronics are expected to be the top pick this shopping season, with estimates of a 6% growth, according to a report by Mastercard.
Best Buy kicked off its Black Friday deals in late October with offers such as its Play Station 5 for $499.99 bundled with either "Call of Duty: Modern Warfare III" or Marvel's "Spider-Man 2".
Skin and hair care products remain popular, with Ulta Beauty offering up to 40% discount on CoverGirl and Lancome mascaras, Bobbi Brown concealers and select products of its own label.
WHAT ARE RETAILERS SAYING ABOUT THIS YEAR'S BLACK FRIDAY?
Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday. "We're in the midst of that along with our competitors, customers are taking advantage of that."
Mattel President Steve Totzke told Reuters on Monday that he is expecting a strong Black Friday and run-up to the holidays even as the toymaker warned of slowing demand for the toy industry last month.
($1 = 0.8048 pounds)
(Reporting by Juveria Tabassum and Savyata Mishra in Bengaluru, Richa Naidu in London, additional reporting by Helen Reid in London; Editing by Josie Kao)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Among them is Kohl's, which is promoting what it calls a "Super Deal" on Thanksgiving and Black Friday on products including Beats Studio Buds wireless noise cancelling earbuds for $89.99, from the regular price of $149.99. With student loan payments returning, and costs of housing and essentials pinching household budgets, analysts believe retailers will have to rely on promotions and early offers to stay afloat this holiday season.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Throughout the holiday season, in-store traffic is expected to fall slightly this year, dropping by 3.5% compared to last year, according to retail analytics firm Sensormatic Solutions. An estimated 132 million Americans plan to shop the pre-holiday sales such as Black Friday and Cyber Monday in 2023, from an estimated 140 million shoppers last year, according to a report by fintech firm Finder.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. By Juveria Tabassum, Savyata Mishra Nov 16 (Reuters) - Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But the name did not stick, and since the 1980s retailers began to describe Black Friday as the day when their retail ledgers are allegedly "in the black," or operating at a profit, as customers start holiday shopping, according to Marcus Collins, a marketing professor with Ross School of Business, University of Michigan.
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Last year, shoppers looking for Apple's AAPL.O iPhone 14 Pro and iPhone 14 Pro Max returned empty handed as the technology company struggled with production snafus in China. Here is what to expect from Black Friday 2023. Retailers including Best Buy, Macy's, H&M and pure e-commerce retailers like Shein and Temu are already touting early Black Friday "deals" of up to 30% off on some limited merchandise online and in stores.
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12486.0
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2023-11-16 00:00:00 UTC
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Top Research Reports for BHP Group, HSBC & Qualcomm
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AAPL
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https://www.nasdaq.com/articles/top-research-reports-for-bhp-group-hsbc-qualcomm
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Thursday, November 16, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including BHP Group Ltd. (BHP), HSBC Holdings plc (HSBC) and Qualcomm Inc. (QCOM). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
BHP Group's shares have outperformed the Zacks Mining - Miscellaneous industry over the past two years (+15.8% vs. +3.5%). The Zacks analyst believes a potential pickup in iron ore demand in China, owing to a fresh round of stimulus measures for new infrastructure projects, is likely to help the company. Demand in the automotive sector, infrastructure and housing markets will also support prices.
Demand for electric vehicles will fuel copper and nickel prices. BHP’s investment in projects -- with a focus on future-facing commodities like copper, nickel and potash -- are also likely to aid growth.
Throughout this period, the company had been ailing from weak demand in China.
(You can read the full research report on BHP Group here >>>)
HSBC’s shares have outperformed the Zacks Banks - Foreign industry over the past year (+34.6% vs. +12.4%). The Zacks analyst believes a strong capital position, higher interest rates, an extensive network and business restructuring initiatives will keep supporting HSBC’s prospects. Exiting Russia and winding down retail business in France, New Zealand and Canada is unlikely to make an impact because of the company’s primary focus on Asia.
Yet rising operating expenses and tech-related expenses have pushed the company to raise cost guidance this year. The worsening macroeconomic operating backdrop is another major near-term headwind.
(You can read the full research report on HSBC here >>>)
Shares of Qualcomm have outperformed the Zacks Wireless Equipment industry over the past year (+5.0% vs. -4.7%). Per the Zacks analyst, the company is well-positioned to benefit from solid 5G traction, greater visibility and a diversified revenue stream. Strength in the snapdragon portfolio is an additional tailwind. It is focusing on a seamless transition from a wireless communications firm for the mobile industry to a connected processor firm.
However, a challenging macroeconomic environment, inflationary pressures and soft recovery in China have hit the company’s business. Weakness in the smartphone industry and a cautious client approach are weighing on margins. Rising geopolitical conflicts and a high debt burden remain headwinds.
(You can read the full research report on Qualcomm here >>>)
Other noteworthy reports we are featuring today Apple Inc. (AAPL), IBM Corp. (IBM) and Union Pacific Corp. (UNP).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Investments to Drive BHP Group (BHP) Amid Price Volatility
Restructuring, Focus on Asia Aid HSBC (HSBC), High Costs Ail
Qualcomm (QCOM) Rides on 5G Traction, Market Diversification
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Nuplazid & Daybue Sales Drive Acadia (ACAD), Spurs Growth
Acadia has been witnessing robust growth in revenues, driven by Nuplazid and Daybue sales. The strong uptake of Daybue has also been easing the burden on Nuplazid sales for revenues.
Acquisitions, Diverse Customer Base Aid NRG Energy (NRG)
Per the Zacks analyst, NRG Energy's organic and inorganic acquisitions, is likely to boost its results. Its diverse customer base and retention of customers increases earnings predictability.
Southern Company (SO) Buoyed by Regulated Customer Growth
The Zacks analyst believes that increase in Southern's regulated business customer base will support its revenue growth but is concerned over timing and cost overrun related to Vogtle project.
Fiserv (FISV) Gains From Finxact Buyout Amid High Completion
Per the Zacks Analyst, the Finxact acquisition has boosted Fiserv's digital banking strategy and digital banking experiences of its clients. Rising competition from other players is an overhang.
Fortinet (FTNT) Rides on Product Strength, Marketing Efforts
Per the Zacks analyst, Fortinet is gaining from solid contributions of its growth-oriented products Security Fabric, cloud and SD-WAN. Increasing marketing efforts are also a positive.
Insulet (PODD) Thrives on Increasing uptake of Omnipod 5
The Zacks analyst is optimistic about Insulet's (PODD) Omnipod 5 as it continues to be a driving force of strong U.S. and international growth, representing vast majority of new customer starts.
Solid Expansion Efforts To Aid Hyatt (H), Amid High Costs
Per the Zacks analyst, Hyatt is likely to benefit from loyalty program & strategic initiatives, and expansion efforts. However, a volatile macroeconomic environment is a concern.
New Upgrades
Solid Demand, Pricing Actions Aid Carpenter Technology (CRS)
Per the Zacks analyst, Carpenter Technology is gaining from strong demand across its end-use markets. Cost-reduction initiatives and efforts to preserve liquidity are also driving growth.
Aspen (AZPN) To Benefit From Diversified Product Portfolio
Per the Zacks analyst, Aspen benefits from increased demand for its products across various markets like upstream and midstream energy and refining. Also, synergies from acquisition is a tailwind.
Blue Owl Capital (OBDC) Rides on Investment Income, Buyouts
Per the Zacks analyst, Blue Owl Capital's revenues are driven by higher investment income, thanks to its improved interest income. Buyouts enhance its capabilities and diversify the business.
New Downgrades
Sally Beauty (SBH) Troubled by Inflationary Headwinds
Per the Zacks analyst, Sally Beauty is battling inflationary environment that continue to pressure consumer spending. Management expects first-quarter fiscal 2024 net sales to be down 2% to 4%.
Cost Inflation to Weigh on Diageo's (DEO) Margin Performance
Per the Zacks analyst, continued inflationary pressures from increased glass, paper, metal prices, along with higher energy and transportation expense, are likely to hurt Diageo's fiscal 2024 margins.
Dull Demand & Tight Inventory Ails Newell's (NWL) Performance
Per the Zacks analyst, Newell has been witnessing tight inventory, normalization of category trends and muted demand for discretionary and durable products. This led to sales decline of 9.1% in Q3.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Union Pacific Corporation (UNP) : Free Stock Analysis Report
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(You can read the full research report on Qualcomm here >>>) Other noteworthy reports we are featuring today Apple Inc. (AAPL), IBM Corp. (IBM) and Union Pacific Corp. (UNP). Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks analyst believes a potential pickup in iron ore demand in China, owing to a fresh round of stimulus measures for new infrastructure projects, is likely to help the company.
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Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here. (You can read the full research report on Qualcomm here >>>) Other noteworthy reports we are featuring today Apple Inc. (AAPL), IBM Corp. (IBM) and Union Pacific Corp. (UNP). Today's Research Daily features new research reports on 16 major stocks, including BHP Group Ltd. (BHP), HSBC Holdings plc (HSBC) and Qualcomm Inc. (QCOM).
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Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here. (You can read the full research report on Qualcomm here >>>) Other noteworthy reports we are featuring today Apple Inc. (AAPL), IBM Corp. (IBM) and Union Pacific Corp. (UNP). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Investments to Drive BHP Group (BHP) Amid Price Volatility Restructuring, Focus on Asia Aid HSBC (HSBC), High Costs Ail Qualcomm (QCOM) Rides on 5G Traction, Market Diversification Featured Reports Nuplazid & Daybue Sales Drive Acadia (ACAD), Spurs Growth Acadia has been witnessing robust growth in revenues, driven by Nuplazid and Daybue sales.
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(You can read the full research report on Qualcomm here >>>) Other noteworthy reports we are featuring today Apple Inc. (AAPL), IBM Corp. (IBM) and Union Pacific Corp. (UNP). Click to get this free report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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12487.0
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2023-11-16 00:00:00 UTC
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US STOCKS-S&P 500 barely gains while Dow ends lower as Cisco and Walmart drag
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AAPL
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https://www.nasdaq.com/articles/us-stocks-sp-500-barely-gains-while-dow-ends-lower-as-cisco-and-walmart-drag
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By Sinéad Carew and Shristi Achar A
Nov 16 (Reuters) - The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average .DJI ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts.
WalmartWMT.N shares sank 8.1% a day after touching a record high. The retail giant said U.S. consumers were spending cautiously because of inflation, even as it raised its annual forecast for sales and profit.
This helped send the S&P 500 consumer staples index .SPLRCS down 1.2% and weighed on retailers with Dollar General DG.N and Dollar Tree > both falling 4.2%.
Also, Target TGT.N fell 0.4%, giving back some gains from the previous session in which it soared 17.8% after providing a bullish strong holiday-quarter outlook.
Earlier this week, Wall Street indexes had rallied sharply with data signaling cooling U.S. inflation and fueling hopes the U.S. Federal Reserve is done hiking interest rates. Also, passage this week of a stop-gap bill to avert a government shutdown eased some nerves.
Given that Cisco and Walmart are "a backbone of their respective industries", Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest said their weakness "calls a little bit into question the health of the consumer and maybe the health of the technology sector."
But others noted positive counter forces in Thursday's session, with gains in megacaps including Microsoft Corp MSFT.O, Apple Inc AAPL.O and Nvidia NVDA.O.
"The major indexes are pretty much flat on the day, but you're still seeing a lot of strength in big-cap tech or growth. It's just a continuation of the positive narrative we've seen in the market recently," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
Specifically, Ghriskey cited investor relief that the Federal Reserve appears to be done with its rate hiking cycle.
Earlier, a Labor Department report showed weekly jobless claims had risen more than expected, cementing bets that the Fed will not need to raise rates further.
The Dow Jones Industrial Average .DJI fell 45.74 points, or 0.13%, to 34,945.47, the S&P 500 .SPX gained 5.36 points, or 0.12%, to 4,508.24 and the Nasdaq Composite .IXIC added 9.84 points, or 0.07%, to 14,113.67.
Energy .SPNY, down 2.1% led declines among the 11 major S&P sectors, hitting a four-month low as crude prices settled down almost 5%. O/R. Communications services .SPLRCL, up 0.9% was the sector with the strongest advance during the session followed by information technology .SPLRCT, up 0.7%.
"The big driver today is the tug-of-war between those who want to sell on rallies and those who want to buy on dips," said Brian Jacobsen, chief economist at Annex Wealth Management.
"Economic data hasn’t been bad enough to trigger too many recession fears, but it hasn’t been good enough to engender too much enthusiasm. We’re entering a period with the holidays where small surprises can have outsized influences on prices."
Money markets have fully priced in a probability that the Fed will hold rates steady in December, and see about a 62% chance of a rate cut in May of at least 25 basis points, according to CME Group's FedWatch tool.
Among individual stocks, Macy'sM.N shares rallied 5.7% after the department store operator's quarterly sales beat analysts' estimates.
Declining issues outnumbered advancing ones on the NYSE by a 1.42-to-1 ratio; on Nasdaq, a 1.97-to-1 ratio favored decliners.
The S&P 500 posted 15 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 40 new highs and 123 new lows.
On U.S. exchanges 10.71 billion shares changed hands compared with the 11.09 billion average for the last 20 sessions.
Wall St rebounds in November on bets of end to rate hikes https://tmsnrt.rs/40I1y5H
(Reporting by Sinéad Carew, Caroline Valetkevitch in New York, Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Maju Samuel, Pooja Desai and David Gregorio)
((sinead.carew@thomsonreuters.com; +13322191897;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But others noted positive counter forces in Thursday's session, with gains in megacaps including Microsoft Corp MSFT.O, Apple Inc AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Shristi Achar A Nov 16 (Reuters) - The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average .DJI ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts. Earlier this week, Wall Street indexes had rallied sharply with data signaling cooling U.S. inflation and fueling hopes the U.S. Federal Reserve is done hiking interest rates.
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But others noted positive counter forces in Thursday's session, with gains in megacaps including Microsoft Corp MSFT.O, Apple Inc AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Shristi Achar A Nov 16 (Reuters) - The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average .DJI ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts. The Dow Jones Industrial Average .DJI fell 45.74 points, or 0.13%, to 34,945.47, the S&P 500 .SPX gained 5.36 points, or 0.12%, to 4,508.24 and the Nasdaq Composite .IXIC added 9.84 points, or 0.07%, to 14,113.67.
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But others noted positive counter forces in Thursday's session, with gains in megacaps including Microsoft Corp MSFT.O, Apple Inc AAPL.O and Nvidia NVDA.O. By Sinéad Carew and Shristi Achar A Nov 16 (Reuters) - The S&P 500 and the Nasdaq managed to eke out tiny gains on Thursday while the Dow Industrial Average .DJI ended slightly lower with pressure from tech and retail bellwethers Cisco and Walmart after disappointing forecasts. Earlier this week, Wall Street indexes had rallied sharply with data signaling cooling U.S. inflation and fueling hopes the U.S. Federal Reserve is done hiking interest rates.
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But others noted positive counter forces in Thursday's session, with gains in megacaps including Microsoft Corp MSFT.O, Apple Inc AAPL.O and Nvidia NVDA.O. Earlier this week, Wall Street indexes had rallied sharply with data signaling cooling U.S. inflation and fueling hopes the U.S. Federal Reserve is done hiking interest rates. Given that Cisco and Walmart are "a backbone of their respective industries", Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest said their weakness "calls a little bit into question the health of the consumer and maybe the health of the technology sector."
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12488.0
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2023-11-16 00:00:00 UTC
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Is WisdomTree U.S. LargeCap Dividend ETF (DLN) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-wisdomtree-u.s.-largecap-dividend-etf-dln-a-strong-etf-right-now-11
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Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the WisdomTree U.S. LargeCap Dividend ETF (DLN) is a smart beta exchange traded fund launched on 06/16/2006.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
Managed by Wisdomtree, DLN has amassed assets over $3.51 billion, making it one of the average sized ETFs in the Style Box - Large Cap Value. DLN, before fees and expenses, seeks to match the performance of the WisdomTree U.S. LargeCap Dividend Index.
The WisdomTree U.S. LargeCap Dividend Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the U.S. dividend-paying market.
Cost & Other Expenses
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.28% for DLN, making it on par with most peer products in the space.
It's 12-month trailing dividend yield comes in at 2.52%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 19.90% of the portfolio, the fund has heaviest allocation to the Information Technology sector; Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.42% of total assets, followed by Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM).
Its top 10 holdings account for approximately 26.68% of DLN's total assets under management.
Performance and Risk
So far this year, DLN has added about 3.74%, and is up roughly 2.77% in the last one year (as of 11/16/2023). During this past 52-week period, the fund has traded between $58.89 and $65.66.
The fund has a beta of 0.89 and standard deviation of 14.23% for the trailing three-year period, which makes DLN a medium risk choice in this particular space. With about 300 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree U.S. LargeCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 1000 Value ETF (IWD) tracks Russell 1000 Value Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index. IShares Russell 1000 Value ETF has $49.72 billion in assets, Vanguard Value ETF has $99.15 billion. IWD has an expense ratio of 0.19% and VTV charges 0.04%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
iShares Russell 1000 Value ETF (IWD): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.42% of total assets, followed by Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM). Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the WisdomTree U.S. LargeCap Dividend ETF (DLN) is a smart beta exchange traded fund launched on 06/16/2006.
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Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.42% of total assets, followed by Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM). Alternatives WisdomTree U.S. LargeCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market.
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Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.42% of total assets, followed by Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM). Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the WisdomTree U.S. LargeCap Dividend ETF (DLN) is a smart beta exchange traded fund launched on 06/16/2006.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 4.42% of total assets, followed by Microsoft Corp (MSFT) and Exxon Mobil Corp (XOM). Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. DLN, before fees and expenses, seeks to match the performance of the WisdomTree U.S. LargeCap Dividend Index.
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12489.0
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2023-11-16 00:00:00 UTC
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Should BNY Mellon US Large Cap Core Equity ETF (BKLC) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-bny-mellon-us-large-cap-core-equity-etf-bklc-be-on-your-investing-radar-9
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Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed exchange traded fund launched on 04/09/2020.
The fund is sponsored by Bny Mellon. It has amassed assets over $1.83 billion, making it one of the larger ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0%, making it the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.37%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 32.80% of the portfolio. Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 8.62% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA).
The top 10 holdings account for about 36.44% of total assets under management.
Performance and Risk
BKLC seeks to match the performance of the MORNINGSTAR U.S. LARGE CAP INDEX before fees and expenses. The Morningstar US Large Cap Index is a float-adjusted market capitalization weighted index designed to measure the performance of U.S. large-capitalization stocks.
The ETF return is roughly 23.02% so far this year and was up about 18.05% in the last one year (as of 11/16/2023). In the past 52-week period, it has traded between $69.06 and $85.80.
The ETF has a beta of 1.02 and standard deviation of 18.07% for the trailing three-year period. With about 199 holdings, it effectively diversifies company-specific risk.
Alternatives
BNY Mellon US Large Cap Core Equity ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, BKLC is a good option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF (SPY) track a similar index. While iShares Core S&P 500 ETF has $369.05 billion in assets, SPDR S&P 500 ETF has $424.17 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
iShares Core S&P 500 ETF (IVV): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 8.62% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $1.83 billion, making it one of the larger ETFs attempting to match the Large Cap Blend segment of the US equity market.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 8.62% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed exchange traded fund launched on 04/09/2020.
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Click to get this free report BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 8.62% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Alternatives BNY Mellon US Large Cap Core Equity ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 8.62% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed exchange traded fund launched on 04/09/2020.
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12490.0
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2023-11-16 00:00:00 UTC
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US wraps up antitrust case against Google in historic trial
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https://www.nasdaq.com/articles/us-wraps-up-antitrust-case-against-google-in-historic-trial
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nan
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WASHINGTON, Nov 16 (Reuters) - The U.S. government highlighted key parts of its antitrust arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the tech company of breaking the law with its tactics used to dominate online search.
In the trial that started on Sept. 12 and is expected to largely end Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused that monopoly power to favor its own bottom line.
No decision on whether to hold closing arguments, the final phase of the trial, has been made. They may be held in the spring, according to courtroom discussions about future hearings.
Witnesses from Verizon, Android maker Samsung and Google itself have previously testified about the company's annual payments - $26.3 billion in 2021 - to ensure that its search is the default on smartphones and browsers and to keep its market share in the stratosphere.
The final witness for the U.S., MIT economics professor Michael Whinston, argued as the hearing began that those contracts helped provide Google with market power in the search advertising market and that "Google has exercised significant market power by raising prices."
(Reporting by Diane Bartz)
((Chris.Sanders@thomsonreuters.com; +1 202-558-8254; Reuters Messaging: chris.sanders.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON, Nov 16 (Reuters) - The U.S. government highlighted key parts of its antitrust arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the tech company of breaking the law with its tactics used to dominate online search. In the trial that started on Sept. 12 and is expected to largely end Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused that monopoly power to favor its own bottom line. Witnesses from Verizon, Android maker Samsung and Google itself have previously testified about the company's annual payments - $26.3 billion in 2021 - to ensure that its search is the default on smartphones and browsers and to keep its market share in the stratosphere.
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WASHINGTON, Nov 16 (Reuters) - The U.S. government highlighted key parts of its antitrust arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the tech company of breaking the law with its tactics used to dominate online search. No decision on whether to hold closing arguments, the final phase of the trial, has been made. The final witness for the U.S., MIT economics professor Michael Whinston, argued as the hearing began that those contracts helped provide Google with market power in the search advertising market and that "Google has exercised significant market power by raising prices."
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WASHINGTON, Nov 16 (Reuters) - The U.S. government highlighted key parts of its antitrust arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the tech company of breaking the law with its tactics used to dominate online search. Witnesses from Verizon, Android maker Samsung and Google itself have previously testified about the company's annual payments - $26.3 billion in 2021 - to ensure that its search is the default on smartphones and browsers and to keep its market share in the stratosphere. The final witness for the U.S., MIT economics professor Michael Whinston, argued as the hearing began that those contracts helped provide Google with market power in the search advertising market and that "Google has exercised significant market power by raising prices."
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WASHINGTON, Nov 16 (Reuters) - The U.S. government highlighted key parts of its antitrust arguments against Alphabet's GOOGL.O Google on Thursday, wrapping up the evidentiary phase of a court battle in which it has accused the tech company of breaking the law with its tactics used to dominate online search. In the trial that started on Sept. 12 and is expected to largely end Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused that monopoly power to favor its own bottom line. No decision on whether to hold closing arguments, the final phase of the trial, has been made.
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12491.0
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2023-11-16 00:00:00 UTC
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TikTok joins Meta in appealing against EU gatekeeper status
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AAPL
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https://www.nasdaq.com/articles/tiktok-joins-meta-in-appealing-against-eu-gatekeeper-status
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nan
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By Supantha Mukherjee
STOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta META.O in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services.
Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp.
The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok.
While Microsoft, Google and Amazon did not challenge their designations, Apple is yet to comment on its plan. Nov. 16 is the last date to appeal.
"Our appeal is based on the belief that our designation risks undermining the DMA's own stated goal by protecting actual gatekeepers from newer competitors like TikTok," it said.
"Far from being a gatekeeper, our platform, which has been operating in Europe for just over five years, is arguably the most capable challenger to more entrenched platform businesses."
The video sharing app said it does not meet the law's threshold for revenues generated in the European Economic Area of 7.5 billion euros ($8.13 billion) per annum.
Under the DMA, companies with more than 45 million monthly active users and a market capitalisation of 75 billion euros are considered gatekeepers providing a core platform service.
The company said it was designated a gatekeeper based on its parent company, ByteDance's,global marketcapitalisation that us based primarily on the performance of business lines that do not even operate in Europe.
Last month, China's ByteDance bought back shares from U.S. employees in a deal that valued the company at $223.5 billion.
TikTok, which has over 134 million monthly users, said it is a challenger, not an incumbent, in digital advertising and no market investigation was conducted in relation to its designation by the European Commission.
($1 = 0.9223 euros)
Meta appeals against EU gatekeeper status for Messenger, Marketplace
Big Tech's core businesses face overhaul under EU tech rules
Should new tech rules apply to Microsoft's Bing, Apple's iMessage, EU asks
Microsoft, Google to not challenge EU gatekeeper designation
FACTBOX-How the EU's Digital Markets Act challenges Big Tech
(Reporting by Supantha Mukherjee in Stockholm Editing by Nick Zieminski)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok. By Supantha Mukherjee STOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta META.O in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. Under the DMA, companies with more than 45 million monthly active users and a market capitalisation of 75 billion euros are considered gatekeepers providing a core platform service.
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The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok. By Supantha Mukherjee STOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta META.O in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. ($1 = 0.9223 euros) Meta appeals against EU gatekeeper status for Messenger, Marketplace Big Tech's core businesses face overhaul under EU tech rules Should new tech rules apply to Microsoft's Bing, Apple's iMessage, EU asks Microsoft, Google to not challenge EU gatekeeper designation FACTBOX-How the EU's Digital Markets Act challenges Big Tech (Reporting by Supantha Mukherjee in Stockholm Editing by Nick Zieminski) ((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok. By Supantha Mukherjee STOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta META.O in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. ($1 = 0.9223 euros) Meta appeals against EU gatekeeper status for Messenger, Marketplace Big Tech's core businesses face overhaul under EU tech rules Should new tech rules apply to Microsoft's Bing, Apple's iMessage, EU asks Microsoft, Google to not challenge EU gatekeeper designation FACTBOX-How the EU's Digital Markets Act challenges Big Tech (Reporting by Supantha Mukherjee in Stockholm Editing by Nick Zieminski) ((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok. By Supantha Mukherjee STOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta META.O in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. Under the DMA, companies with more than 45 million monthly active users and a market capitalisation of 75 billion euros are considered gatekeepers providing a core platform service.
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12492.0
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2023-11-16 00:00:00 UTC
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IBM suspends ads on X after corporate ads appeared next to pro-Nazi content
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AAPL
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https://www.nasdaq.com/articles/ibm-suspends-ads-on-x-after-corporate-ads-appeared-next-to-pro-nazi-content
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nan
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nan
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Nov 16 (Reuters) - IBM IBM.N on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ad were placed next to content promoting Adolf Hitler and the Nazi Party.
The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people.
Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple AAPL.O, Oracle ORCL.N and Comcast's CMCSA.O Xfinity were being placed alongside antisemitic content.
"IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation," IBM said in a statement.
Apple, Oracle and Xfinity did not immediately respond to requests for comment.
X said its system does not intentionally place brands "actively next to this kind of content", and the content cited by Media Matters would no longer be able to make money off its posts.
Musk's Wednesday comments on the social media platform are not the first time he has engaged in discussions that reference antisemitic tropes or conspiracy theories. X declined to comment and referred to a statement from CEO Linda Yaccarino posted Thursday.
"When it comes to this platform - X has also been extremely clear about our efforts to combat antisemitism and discrimination. There's no place for it anywhere in the world - it's ugly and wrong. Full stop," said Yaccarino.
On Wednesday, after being questioned by another user about targeting all Jewish people, Musk attacked the Anti-Defamation League, a nonprofit that works to fight antisemitism, who he has accused previously without evidence of being responsible for the drop in advertising on X.
ADL CEO Jonathan Greenblatt responded on X that “at a time when antisemitism is exploding in America and surging around the world, it is indisputably dangerous to use one's influence to validate and promote antisemitic theories.”
Advertisers have fled the site since Musk bought it and reduced content moderation that has resulted in a dramatic increase in hate speech on X, civil rights groups have said.
Reuters reported in October that monthly U.S. ad revenue at X has declined at least 55% year-over-year each month since Musk bought the company in October 2022, citing third-party data provided to Reuters.
Musk is also CEO of electric carmaker Tesla TSLA.O, which has been hit by several lawsuits that allege rampant racial or sexual harassment of workers.
Antisemitism has been on the rise in recent years in the United States and worldwide. Following the outbreak of war between Israel and Palestinian Islamist group Hamas, which attacked Israel on Oct. 7, antisemitic incidents in the United States rose by nearly 400% from the year-earlier period, the ADL said.
(Reporting by Yuvraj Malik in Bengaluru and David Gaffen in New York; Editing by Lisa Shumaker)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple AAPL.O, Oracle ORCL.N and Comcast's CMCSA.O Xfinity were being placed alongside antisemitic content. Nov 16 (Reuters) - IBM IBM.N on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ad were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people.
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Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple AAPL.O, Oracle ORCL.N and Comcast's CMCSA.O Xfinity were being placed alongside antisemitic content. X declined to comment and referred to a statement from CEO Linda Yaccarino posted Thursday. On Wednesday, after being questioned by another user about targeting all Jewish people, Musk attacked the Anti-Defamation League, a nonprofit that works to fight antisemitism, who he has accused previously without evidence of being responsible for the drop in advertising on X. ADL CEO Jonathan Greenblatt responded on X that “at a time when antisemitism is exploding in America and surging around the world, it is indisputably dangerous to use one's influence to validate and promote antisemitic theories.” Advertisers have fled the site since Musk bought it and reduced content moderation that has resulted in a dramatic increase in hate speech on X, civil rights groups have said.
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Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple AAPL.O, Oracle ORCL.N and Comcast's CMCSA.O Xfinity were being placed alongside antisemitic content. Nov 16 (Reuters) - IBM IBM.N on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ad were placed next to content promoting Adolf Hitler and the Nazi Party. On Wednesday, after being questioned by another user about targeting all Jewish people, Musk attacked the Anti-Defamation League, a nonprofit that works to fight antisemitism, who he has accused previously without evidence of being responsible for the drop in advertising on X. ADL CEO Jonathan Greenblatt responded on X that “at a time when antisemitism is exploding in America and surging around the world, it is indisputably dangerous to use one's influence to validate and promote antisemitic theories.” Advertisers have fled the site since Musk bought it and reduced content moderation that has resulted in a dramatic increase in hate speech on X, civil rights groups have said.
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Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple AAPL.O, Oracle ORCL.N and Comcast's CMCSA.O Xfinity were being placed alongside antisemitic content. Nov 16 (Reuters) - IBM IBM.N on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ad were placed next to content promoting Adolf Hitler and the Nazi Party. Musk's Wednesday comments on the social media platform are not the first time he has engaged in discussions that reference antisemitic tropes or conspiracy theories.
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12493.0
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2023-11-16 00:00:00 UTC
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Should SPDR MSCI USA StrategicFactors ETF (QUS) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-spdr-msci-usa-strategicfactors-etf-qus-be-on-your-investing-radar-10
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nan
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nan
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The SPDR MSCI USA StrategicFactors ETF (QUS) was launched on 04/15/2015, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
The fund is sponsored by State Street Global Advisors. It has amassed assets over $1.04 billion, making it one of the larger ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Large cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.
Costs
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Annual operating expenses for this ETF are 0.15%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 1.56%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 25.10% of the portfolio. Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 3% of total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY).
The top 10 holdings account for about 22.09% of total assets under management.
Performance and Risk
QUS seeks to match the performance of the MSCI USA Factor Mix A-Series Index before fees and expenses. The MSCI USA Factor Mix A-Series Index measures the equity market performance of large and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility.
The ETF has added roughly 14.86% so far this year and was up about 12.58% in the last one year (as of 11/16/2023). In the past 52-week period, it has traded between $109.16 and $126.74.
The ETF has a beta of 0.92 and standard deviation of 15.63% for the trailing three-year period, making it a medium risk choice in the space. With about 626 holdings, it effectively diversifies company-specific risk.
Alternatives
SPDR MSCI USA StrategicFactors ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, QUS is a sufficient option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF (SPY) track a similar index. While iShares Core S&P 500 ETF has $369.05 billion in assets, SPDR S&P 500 ETF has $424.17 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
iShares Core S&P 500 ETF (IVV): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 3% of total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. The SPDR MSCI USA StrategicFactors ETF (QUS) was launched on 04/15/2015, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
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Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 3% of total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Performance and Risk QUS seeks to match the performance of the MSCI USA Factor Mix A-Series Index before fees and expenses.
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Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc (AAPL) accounts for about 3% of total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Alternatives SPDR MSCI USA StrategicFactors ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 3% of total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. The SPDR MSCI USA StrategicFactors ETF (QUS) was launched on 04/15/2015, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
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12494.0
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2023-11-16 00:00:00 UTC
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Guru Fundamental Report for AAPL
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-19
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nan
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nan
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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
Top NASDAQ 100 Stocks
Top Technology Stocks
Top Large-Cap Growth Stocks
High Momentum Stocks
High Insider Ownership Stocks
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.
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Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for APPLE INC (AAPL). APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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12495.0
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2023-11-16 00:00:00 UTC
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QQQ, PKW: Big ETF Outflows
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AAPL
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https://www.nasdaq.com/articles/qqq-pkw%3A-big-etf-outflows
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 9,450,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple is up about 1%, and Microsoft is higher by about 1.4%.
And on a percentage change basis, the ETF with the biggest outflow was PKW, which lost 5,410,000 of its units, representing a 33.0% decline in outstanding units compared to the week prior.
VIDEO: QQQ, PKW: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of QQQ, in morning trading today Apple is up about 1%, and Microsoft is higher by about 1.4%. And on a percentage change basis, the ETF with the biggest outflow was PKW, which lost 5,410,000 of its units, representing a 33.0% decline in outstanding units compared to the week prior. VIDEO: QQQ, PKW: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 9,450,000 units were destroyed, or a 1.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was PKW, which lost 5,410,000 of its units, representing a 33.0% decline in outstanding units compared to the week prior. VIDEO: QQQ, PKW: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 9,450,000 units were destroyed, or a 1.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was PKW, which lost 5,410,000 of its units, representing a 33.0% decline in outstanding units compared to the week prior. VIDEO: QQQ, PKW: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 9,450,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple is up about 1%, and Microsoft is higher by about 1.4%. And on a percentage change basis, the ETF with the biggest outflow was PKW, which lost 5,410,000 of its units, representing a 33.0% decline in outstanding units compared to the week prior.
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12496.0
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2023-11-15 00:00:00 UTC
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2 Hot Stocks to Buy and Hold Until You Retire
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AAPL
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https://www.nasdaq.com/articles/2-hot-stocks-to-buy-and-hold-until-you-retire-12
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nan
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nan
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The tech industry has gained a reputation for being one of the best places to find reliable long-term investments. Many of the world's biggest tech companies, such as Apple (NASDAQ: AAPL), Microsoft, Amazon, Nvidia (NASDAQ: NVDA), and others trade on the Nasdaq Stock Market rather than alternative U.S. exchanges.
The chart below shows how the Nasdaq Composite has risen significantly higher than the NYSE Composite over the last five years. The Nasdaq's growth is primarily owed to tech companies, which regularly see significant gains.
Data by YCharts
Tech companies profit immensely from the innovative nature of the market, benefiting from consistent demand for upgraded devices and software. As a result, the tech sector can be a fruitful area to hunt for investments. Here are two such stocks well worth considering for your portfolio now.
1. Nvidia
As one of the biggest names in chips, Nvidia's stock is an excellent way to invest in and profit from growth in multiple areas of technology
The company supplies its hardware to businesses across the industry, powering everything from laptops to cloud platforms, custom-built PCs, video game consoles, and more. Demand for chips is rising quickly as more companies require graphics processing units (GPUs) like Nvidia's to take their tech to the next level. As a result, Nvidia's stock has skyrocketed 840% over the last five years, alongside soaring demand for chips.
Nvidia has become a favorite on Wall Street this year with its massive potential in artificial intelligence (AI). The AI market hit a value of $137 billion last year, and is projected to expand at a compound annual rate of 37% through 2030. Meanwhile, the company has snapped up about 90% of the market share in AI chips as interest in the technology has soared and GPUs have become crucial to building AI models.
The company's success in the budding sector led to a glowing second quarter of 2024 (ended July 2023). Nvidia's revenue climbed 101% to $13.5 billion, with operating income rising over 1,200% as AI chip sales spiked.
Nvidia has hit some roadblocks over the last year as rising tensions between the U.S. and China have meant increased sanctions on the sales of high-performance chips to the East Asian country. However, the company has been quick to react. Rather than losing out on a major market, Nvidia has developed three new chips tailored specifically for China that can meet the rising demand for AI in the region and comply with U.S. export controls.
Nvidia has enjoyed immense growth over the last year but has shown no signs of slowing. Chip demand will likely continue rising over the long term, with Nvidia well-positioned to profit significantly as it does. Its stock is a solid buy for anyone looking for an investment to hold until retirement.
2. Apple
Apple (NASDAQ: AAPL) hasn't had it easy this year. Macroeconomic headwinds have caught up with the company, causing significant reductions in consumer spending and sales declines across all four of its product segments in fiscal 2023. Revenue fell 3% year over year after net sales tumbled 2% in its iPhone segment (the highest-earning part of its business).
The challenges have led to some pullback from investors, with Apple shares down 5% since the end of July. However, economic hurdles won't last forever, and the company's dominance in tech remains an attractive selling point over the long term. Apple holds leading market share in most of its product categories, with quickly expanding positions in digital services and AI.
Despite market headwinds, Apple has actually grown its market share in smartphones this year as consumers have continued to prefer its products. From the first quarter of 2023 to Q3, Apple's market share grew from 52% to 55% (per Counterpoint Research). The company has gotten ahead by consistently outperforming its smartphone competitors. In Q3 2023, Samsung and Alphabet sales fell 26% and 37% as total U.S. shipments plunged 19%. However, Apple reported a more moderate decline of 11%.
Moreover, the tech giant's booming services business has become its second-highest-earning division, and is outpacing its iPhone segment in growth. In fiscal 2023, services revenue rose 9% year over compared to the iPhone's decline of 2%. The digital business includes income from the App Store and its subscription-based platforms, which have proven far less vulnerable to economic declines than products. The segment's rapid growth bodes well for Apple over the long term as it will allow it to lean less on product sales, especially during temporary market declines.
Apple shares have soared 265% since 2018, more than those of competitors like Microsoft, Alphabet, and Amazon. Despite recent hurdles, I wouldn't bet against its stock rising far higher over the next few decades as it expands in more digital markets and benefits from a recovery in the consumer tech market.
10 stocks we like better than Nvidia
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Many of the world's biggest tech companies, such as Apple (NASDAQ: AAPL), Microsoft, Amazon, Nvidia (NASDAQ: NVDA), and others trade on the Nasdaq Stock Market rather than alternative U.S. exchanges. Apple Apple (NASDAQ: AAPL) hasn't had it easy this year. Data by YCharts Tech companies profit immensely from the innovative nature of the market, benefiting from consistent demand for upgraded devices and software.
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Many of the world's biggest tech companies, such as Apple (NASDAQ: AAPL), Microsoft, Amazon, Nvidia (NASDAQ: NVDA), and others trade on the Nasdaq Stock Market rather than alternative U.S. exchanges. Apple Apple (NASDAQ: AAPL) hasn't had it easy this year. Chip demand will likely continue rising over the long term, with Nvidia well-positioned to profit significantly as it does.
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Many of the world's biggest tech companies, such as Apple (NASDAQ: AAPL), Microsoft, Amazon, Nvidia (NASDAQ: NVDA), and others trade on the Nasdaq Stock Market rather than alternative U.S. exchanges. Apple Apple (NASDAQ: AAPL) hasn't had it easy this year. Nvidia As one of the biggest names in chips, Nvidia's stock is an excellent way to invest in and profit from growth in multiple areas of technology The company supplies its hardware to businesses across the industry, powering everything from laptops to cloud platforms, custom-built PCs, video game consoles, and more.
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Many of the world's biggest tech companies, such as Apple (NASDAQ: AAPL), Microsoft, Amazon, Nvidia (NASDAQ: NVDA), and others trade on the Nasdaq Stock Market rather than alternative U.S. exchanges. Apple Apple (NASDAQ: AAPL) hasn't had it easy this year. Chip demand will likely continue rising over the long term, with Nvidia well-positioned to profit significantly as it does.
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12497.0
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2023-11-15 00:00:00 UTC
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4 Ways to Grow $100,000 Into $1 Million for Retirement Savings
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AAPL
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https://www.nasdaq.com/articles/4-ways-to-grow-%24100000-into-%241-million-for-retirement-savings-12
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nan
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nan
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Retirement is an easy thing to lose sight of in the day-to-day hustle and bustle. But planning for retirement is one of the most important things we will do in our lives. Maybe it seems a long way off. But let me tell you, time moves quickly as we age, and putting off saving and investing makes it more challenging to have the lifestyle we desire in our golden years.
The good news is that there are several options to reach your goals, like:
Save your way to a million.
Rely on risk-free interest.
Invest in dividend growth stocks or the S&P 500.
Find a unicorn.
Let's take a look.
Does slow and steady win the race?
There's a great lesson in the tortoise and the hare story, but it may not be the best when it comes to saving for retirement. It's a myth that most people can "just save" enough money to retire comfortably. Yes, you can grow $100,000 into $1 million this way, but it takes way too long and requires massive income.
If you managed to squirrel away $1,000 per month and did not invest, it would take 76 years to go from $100,000 to $1 million. You could up your savings to $2,000 per month and make it in 38 years, but neither scenario is realistic for most people. The verdict on scenario No. 1? No, thank you.
Interest rates are rising, and earning a risk-free 5% on a certificate of deposit (CD) or U.S. Treasury is tempting. There is no need to check the market, no risk of losing your principal, and no study or expertise required. But this process is also too slow for most people. It would take nearly 50 years to turn $100,000 into $1 million by earning 5% compounded annually. So, option No. 2 is out.
But what happens if you combine the two options? You could make it to $1 million by saving just $500 monthly and earning 5% interest in 33 years. Assuming a retirement age of 65, you'd need to start this process by 32 years old. That's certainly not out of the question, but still not the best option.
Invest in dividend growth stocks
The S&P 500 has averaged 10% returns, including dividends, over the past 30 years. At this rate, you cut your time to $1 million down to 25 years. This is much more realistic and doesn't require additional savings. However, if you also save and invest $500 per month, the time can be reduced to under 20 years.
Several terrific dividend growth stocks have performed wonderfully over the past 20 years and beat the overall market, as shown below.
Total Return Level data by YCharts
The chart above shows the growth of $100,000 over the past 20 years, including dividends. Starbucks and Home Depot easily exceeded the million-dollar mark, while Lowe's and Texas Instruments made strong showings. All of them beat the overall market.
Perhaps the best thing about dividend growth investing is that you don't need any particular expertise to understand and invest in them. Most consumers are familiar with the two mammoth home improvement stores and the Seattle coffee seller. Texas Instruments sells analog semiconductors, and even if you aren't familiar with them, you probably use them daily, and they aren't particularly high-tech. For more on Texas Instruments, check out this article on the power of dividend growth investing.
Find a unicorn
What do Tesla, Nvidia, and ServiceNow have in common? They have grown $100,000 into more than $1 million over the past 10 years, as shown below.
TSLA data by YCharts
Nvidia is the big winner, and kudos to anyone who got in early. This is the most exciting (and quickest!) way to reach $1 million, but also the most risky and difficult. For every Tesla and Nvidia, there are heaps of companies that never take off. They are also challenging to find in their infancy. Few predicted that Nvidia's technology would beat the competition and be critical to today's data center needs back in 2013.
What is the fledgling investment now that will be critical to the economy in 2033? Artificial intelligence (AI) seems like the most obvious area, but even this isn't guaranteed. Remember, 3D printing was forecast to change the world several years ago, but that trend fizzled quickly. Still, many believe that AI will be as transformative to the economy as the internet in time.
Ask any retiree, and I'll bet one of their biggest regrets will be not starting investing early enough or getting educated about money management. There are several ways to reach your retirement goals, but the best way is to invest in knowledge first. Your ultimate plan will depend on your age, risk tolerance, and lifestyle. Often, a combination of saving, interest, dividend growth stocks, and a sprinkle of moonshots is the best recipe.
10 stocks we like better than Walmart
When our analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of 11/6/2023
Bradley Guichard has positions in Lowe's Companies, Nvidia, and Texas Instruments and has the following options: long September 2024 $630 calls on Nvidia. The Motley Fool has positions in and recommends Apple, Home Depot, Nvidia, ServiceNow, Starbucks, Tesla, and Texas Instruments. The Motley Fool recommends Lowe's Companies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But let me tell you, time moves quickly as we age, and putting off saving and investing makes it more challenging to have the lifestyle we desire in our golden years. Starbucks and Home Depot easily exceeded the million-dollar mark, while Lowe's and Texas Instruments made strong showings. The Motley Fool has positions in and recommends Apple, Home Depot, Nvidia, ServiceNow, Starbucks, Tesla, and Texas Instruments.
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Often, a combination of saving, interest, dividend growth stocks, and a sprinkle of moonshots is the best recipe. The Motley Fool has positions in and recommends Apple, Home Depot, Nvidia, ServiceNow, Starbucks, Tesla, and Texas Instruments. The Motley Fool recommends Lowe's Companies.
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Invest in dividend growth stocks The S&P 500 has averaged 10% returns, including dividends, over the past 30 years. Perhaps the best thing about dividend growth investing is that you don't need any particular expertise to understand and invest in them. See the 10 stocks *Stock Advisor returns as of 11/6/2023 Bradley Guichard has positions in Lowe's Companies, Nvidia, and Texas Instruments and has the following options: long September 2024 $630 calls on Nvidia.
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Invest in dividend growth stocks or the S&P 500. Perhaps the best thing about dividend growth investing is that you don't need any particular expertise to understand and invest in them. See the 10 stocks *Stock Advisor returns as of 11/6/2023 Bradley Guichard has positions in Lowe's Companies, Nvidia, and Texas Instruments and has the following options: long September 2024 $630 calls on Nvidia.
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12498.0
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2023-11-15 00:00:00 UTC
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TQQQ, KSET: Big ETF Outflows
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AAPL
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https://www.nasdaq.com/articles/tqqq-kset%3A-big-etf-outflows
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,500,000 units were destroyed, or a 4.1% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 0.5%, and Microsoft is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: TQQQ, KSET: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of TQQQ, in morning trading today Apple is up about 0.5%, and Microsoft is up by about 0.4%. And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KSET: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,500,000 units were destroyed, or a 4.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KSET: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,500,000 units were destroyed, or a 4.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KSET: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,500,000 units were destroyed, or a 4.1% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 0.5%, and Microsoft is up by about 0.4%. And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
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12499.0
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2023-11-15 00:00:00 UTC
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Meta appeals against EU gatekeeper status for Messenger, Marketplace
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AAPL
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https://www.nasdaq.com/articles/meta-appeals-against-eu-gatekeeper-status-for-messenger-marketplace
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nan
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nan
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By Supantha Mukherjee and Foo Yun Chee
STOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta META.O on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services.
As part of its latest crackdown on Big Tech, the EU in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules under the Digital Markets Act (DMA).
Meta's Facebook, Instagram, Marketplace, and WhatsApp qualified as gatekeepers under the DMA, which was designed to level the playing field between Big Tech companies and smaller competitors.
"This appeal seeks clarification on specific points of law regarding the designations of Messenger and Marketplace under the DMA," a spokesman said.
"It does not alter or detract from our firm commitment to complying with the DMA, and we will continue to work constructively with the European Commission to prepare for compliance."
The company said it would not challenge the designation for Facebook, Instagram and WhatsApp.
Marketplace is a consumer to consumer service so it cannot fall within the definition of an online intermediation service and Messenger is simply a chat functionality of Facebook, the company said.
The DMA requires Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok to allow third-party apps or app stores on their platforms and to make it easier for users to switch from default apps to rivals.
EU antitrust regulators are investigating whether Microsoft's Bing and Apple's iMessage should comply with the new rules.
Microsoft and Google have said they will DMA designations, while sources expect TikTok to file a challenge.
(Reporting by Supantha Mukherjee in Stockholm and Yun Chee in Brussels; Editing by Emelia Sithole-Matarise)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004; Reuters Messaging: supantha.mukherjee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The DMA requires Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok to allow third-party apps or app stores on their platforms and to make it easier for users to switch from default apps to rivals. By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta META.O on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services. Meta's Facebook, Instagram, Marketplace, and WhatsApp qualified as gatekeepers under the DMA, which was designed to level the playing field between Big Tech companies and smaller competitors.
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The DMA requires Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok to allow third-party apps or app stores on their platforms and to make it easier for users to switch from default apps to rivals. By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta META.O on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services. Meta's Facebook, Instagram, Marketplace, and WhatsApp qualified as gatekeepers under the DMA, which was designed to level the playing field between Big Tech companies and smaller competitors.
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The DMA requires Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok to allow third-party apps or app stores on their platforms and to make it easier for users to switch from default apps to rivals. By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta META.O on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services. As part of its latest crackdown on Big Tech, the EU in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules under the Digital Markets Act (DMA).
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The DMA requires Microsoft MSFT.O, Apple AAPL.O, Alphabet's GOOGL.O Google, Amazon AMZN.O, Meta and ByteDance's TikTok to allow third-party apps or app stores on their platforms and to make it easier for users to switch from default apps to rivals. By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta META.O on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services. Meta's Facebook, Instagram, Marketplace, and WhatsApp qualified as gatekeepers under the DMA, which was designed to level the playing field between Big Tech companies and smaller competitors.
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