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12900.0
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2023-10-26 00:00:00 UTC
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Apple Reports After the Close on 11/2 -- Options Contracts Expire the Next Day
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AAPL
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https://www.nasdaq.com/articles/apple-reports-after-the-close-on-11-2-options-contracts-expire-the-next-day
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nan
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nan
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According to NextEarningsDate.com, the Apple (NASD: AAPL) AAPL next earnings date is projected to be 11/2 after the close, with earnings estimates of $1.32/share on $84.80 Billion of revenue. Looking back, the recent Apple earnings history looks like this:
PERIOD EARNINGS DATE EARNINGS
Q3 2023 8/3/2023 1.260
Q2 2023 5/4/2023 1.520
Q1 2023 2/2/2023 1.880
Q4 2022 10/27/2022 1.290
Q3 2022 7/28/2022 1.200
The company has an impressive long-term earnings per share chart:
And with equally impressive revenue growth:
But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can be a stock options trader's dream come true — so such traders will be interested to know that Apple has options available that expire November 03rd.
Visit StockOptionsChannel.com to investigate the AAPL options chain on either the puts side or the call side, for further ideas.
Apple's current dividend yield is 0.56%, with the following Apple Dividend History. Also, dividend investors should check out the following ideas for Top Dividends and Monthly Dividend Paying Stocks.
Also see:
Funds Holding MTSC
WCC Average Annual Return
Institutional Holders of ODFL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
According to NextEarningsDate.com, the Apple (NASD: AAPL) AAPL next earnings date is projected to be 11/2 after the close, with earnings estimates of $1.32/share on $84.80 Billion of revenue. Visit StockOptionsChannel.com to investigate the AAPL options chain on either the puts side or the call side, for further ideas. The company has an impressive long-term earnings per share chart: And with equally impressive revenue growth: But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details.
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According to NextEarningsDate.com, the Apple (NASD: AAPL) AAPL next earnings date is projected to be 11/2 after the close, with earnings estimates of $1.32/share on $84.80 Billion of revenue. Visit StockOptionsChannel.com to investigate the AAPL options chain on either the puts side or the call side, for further ideas. Looking back, the recent Apple earnings history looks like this:
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According to NextEarningsDate.com, the Apple (NASD: AAPL) AAPL next earnings date is projected to be 11/2 after the close, with earnings estimates of $1.32/share on $84.80 Billion of revenue. Visit StockOptionsChannel.com to investigate the AAPL options chain on either the puts side or the call side, for further ideas. The company has an impressive long-term earnings per share chart: And with equally impressive revenue growth: But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details.
|
According to NextEarningsDate.com, the Apple (NASD: AAPL) AAPL next earnings date is projected to be 11/2 after the close, with earnings estimates of $1.32/share on $84.80 Billion of revenue. Visit StockOptionsChannel.com to investigate the AAPL options chain on either the puts side or the call side, for further ideas. Looking back, the recent Apple earnings history looks like this:
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12901.0
|
2023-10-26 00:00:00 UTC
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Consumer Discretionary vs. Staples: What ETFs Can Tell Us
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AAPL
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https://www.nasdaq.com/articles/consumer-discretionary-vs.-staples%3A-what-etfs-can-tell-us
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nan
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nan
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Despite some signs of slowdown in the economy, the biggest stories in the market still revolve around big tech earnings and artificial intelligence. Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [TSLA] in consumer discretionary).
As a result, these three sectors have seen a large boost from technology and AI factors. This is especially so, with several of these companies reporting earnings beats this past week. Now crypto is back above $35,000. With the possibility of spot bitcoin ETFs growing closer, investors are keeping their eye on riskier investments. But instinct also tells us that consumer spending is running out of steam.
So when is it time to start increasing your allocation back into defensive sectors or less risky assets?This note looks at the consumer discretionary sector vs. the consumer staples sector and what these ETFs can tell us about the market.
Sector performance of discretionary still far ahead of staples, despite recent shifts in sentiment.
On a market-cap-weighted basis, the consumer discretionary sector is the third (out of 11) best-performing sector YTD after communications and technology. In the Consumer Discretionary Select Sector SPDR Fund (XLY), these two stocks make up over 40% of the ETF’s weight. On an equal-weighted basis (which excludes the overweighted exposure to Amazon and Tesla), the sector is only the fifth best-performing sector (as measured by the Invesco S&P 500 Equal Weight Consumer Discretionary ETF [RSPD]). YTD, consumer discretionary ETFs have seen the fourth and seventh highest inflows out of the broad universe of sector ETFs. Recently that sentiment has shifted as the sector has seen the highest outflows on a one-month basis.
The staples sector, on the other hand, has been the third-worst-performing sector on a market-cap-weighted basis (the Consumer Staples Select Sector SPDR Fund [XLP]) and the worst-performing sector on an equal-weighted basis (the Invesco S&P 500 Equal Weight Consumer Staples ETF [RSPS]). The gap has narrowed between the two recently, but overall, discretionary still significantly outperforms staples despite a weaker consumer.
Staples show relative strength but margin pressure and other micro factors moderating strength.
Instincts would probably tell us that it is now time to rotate into staples. This is because consumers are holding back from discretionary spending. There are two main exceptions: spending on experiences like concerts and travel, or shopping for discounted goods like e-commerce items. If you compare the top and bottom holdings of consumer discretionary ETFs, this follows the trend. Top performers of XLY include Amazon and Tesla — two of the big seven stocks.
The rest are mostly travel stocks. These stocks are benefiting from the return to travel and the recovery from lower stock prices over the past two years. Most of the worst performers are goods retailers. They have been suffering from lower consumer spending throughout the year as customers cut back on things like clothing items and accessories. Consumers have been cutting back on discretionary goods. But they are still not ready to let go of discretionary services, which has been keeping the sector afloat.
Alternatively, staples have traditionally been more stable throughout economic cycles. This is because consumers maintain their level of spending on staples products whether they have more or less money to spend). These are products like groceries, hygiene products, and other household goods. Some big names in the sector revealed that these trends have overall been accurate. In Costco’s (COST) most recent earnings report, the company reported membership up 8% y/y, which benefited from consumers looking for discounted prices and eating at home. And more recently, Coca-Cola (KO) reported earnings with higher-than-expected revenues as consumers continued to buy more volume despite higher prices.
Some of the worst performers in the sector, however, like Dollar General (DG) and Walgreens (WBA), have been experiencing profit issues. This is due to higher input costs and a more reluctant consumer. Both companies have brought in a new CEO to turn around profits. But the effects of those changes likely won’t be seen until later. There is overall resilience in the staples sector. But many of these companies are still having trouble passing on costs to consumers. They are also suffering from a weaker consumer (much like the discretionary sector), which has diminished the sector’s strength.
Bottom Line:
Despite moderating consumer spending, the consumer discretionary sector still seems exciting compared to the consumer staples sector. That sector has suffered from weaker margins and other company-specific issues. These factors have been weakening the strength of the consumer staples sector this year. But the performance gap has been shrinking. The staples sector still may be appealing and relatively cheap compared to consumer discretionary and technology sectors.
Margin issues are typically more short term and likely to resolve. But issues like consumer spending tend to be longer term. The discretionary sector may still have some steam left. But it is likely we will seem some of that sentiment continue to shift toward staples if the current economic environment continues and investors prepare for a more cautious outlook ahead.
For more news, information, and analysis, visit the Innovative ETFs Channel.
vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for BNGE, for which it receives an index licensing fee. However, BNGE is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of BNGE.
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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Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [TSLA] in consumer discretionary). Despite some signs of slowdown in the economy, the biggest stories in the market still revolve around big tech earnings and artificial intelligence. They have been suffering from lower consumer spending throughout the year as customers cut back on things like clothing items and accessories.
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Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [TSLA] in consumer discretionary). In the Consumer Discretionary Select Sector SPDR Fund (XLY), these two stocks make up over 40% of the ETF’s weight. The staples sector, on the other hand, has been the third-worst-performing sector on a market-cap-weighted basis (the Consumer Staples Select Sector SPDR Fund [XLP]) and the worst-performing sector on an equal-weighted basis (the Invesco S&P 500 Equal Weight Consumer Staples ETF [RSPS]).
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Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [TSLA] in consumer discretionary). So when is it time to start increasing your allocation back into defensive sectors or less risky assets?This note looks at the consumer discretionary sector vs. the consumer staples sector and what these ETFs can tell us about the market. The staples sector, on the other hand, has been the third-worst-performing sector on a market-cap-weighted basis (the Consumer Staples Select Sector SPDR Fund [XLP]) and the worst-performing sector on an equal-weighted basis (the Invesco S&P 500 Equal Weight Consumer Staples ETF [RSPS]).
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Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [TSLA] in consumer discretionary). So when is it time to start increasing your allocation back into defensive sectors or less risky assets?This note looks at the consumer discretionary sector vs. the consumer staples sector and what these ETFs can tell us about the market. Top performers of XLY include Amazon and Tesla — two of the big seven stocks.
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12902.0
|
2023-10-26 00:00:00 UTC
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Oversold Conditions For Apple
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AAPL
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https://www.nasdaq.com/articles/oversold-conditions-for-apple
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Apple Inc (Symbol: AAPL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $165.67 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 29.5. A bullish investor could look at AAPL's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAPL shares:
Looking at the chart above, AAPL's low point in its 52 week range is $124.17 per share, with $198.23 as the 52 week high point — that compares with a last trade of $166.50.
Free Report: Top 8%+ Dividends (paid monthly)
Find out what 9 other oversold stocks you need to know about »
Also see:
Preferreds of SAFE Dividend Stocks
Top Ten Hedge Funds Holding RESP
Top Ten Hedge Funds Holding ZNH
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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A bullish investor could look at AAPL's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAPL shares: Looking at the chart above, AAPL's low point in its 52 week range is $124.17 per share, with $198.23 as the 52 week high point — that compares with a last trade of $166.50. In trading on Thursday, shares of Apple Inc (Symbol: AAPL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $165.67 per share.
|
A bullish investor could look at AAPL's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAPL shares: Looking at the chart above, AAPL's low point in its 52 week range is $124.17 per share, with $198.23 as the 52 week high point — that compares with a last trade of $166.50. In trading on Thursday, shares of Apple Inc (Symbol: AAPL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $165.67 per share.
|
In trading on Thursday, shares of Apple Inc (Symbol: AAPL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $165.67 per share. The chart below shows the one year performance of AAPL shares: Looking at the chart above, AAPL's low point in its 52 week range is $124.17 per share, with $198.23 as the 52 week high point — that compares with a last trade of $166.50. A bullish investor could look at AAPL's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
|
In trading on Thursday, shares of Apple Inc (Symbol: AAPL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $165.67 per share. A bullish investor could look at AAPL's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAPL shares: Looking at the chart above, AAPL's low point in its 52 week range is $124.17 per share, with $198.23 as the 52 week high point — that compares with a last trade of $166.50.
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12903.0
|
2023-10-26 00:00:00 UTC
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Google CEO Sundar Pichai to testify Monday in US Google antitrust trial
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AAPL
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https://www.nasdaq.com/articles/google-ceo-sundar-pichai-to-testify-monday-in-us-google-antitrust-trial
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nan
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nan
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WASHINGTON, Oct 26 (Reuters) - Sundar Pichai, chief executive of Alphabet GOOGL.O and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising.
THE TAKE
Pichai, who is being called as a witness for Google, will likely be asked about the company's investments aimed at keeping its search competitive, especially as smartphones took over, and innovation in search advertising. The government, in cross examination, may ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones.
CONTEXT
* The government has argued that Google, which has some 90% of the search market, illegally paid an estimated $10 billion annually to smartphone makers like Apple AAPL.O and wireless carriers like AT&T T.N and others to be the default in search on their devices in order to stay on top. The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits.
* Google has argued the revenue share agreements are legal and that it has invested to keep its search and advertising businesses competitive. It has also argued that if people are dissatisfied with defaults that they can, and do, switch to another search provider.
(Reporting by Diane Bartz Editing by Chris Reese)
((Diane.Bartz@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 government has argued that Google, which has some 90% of the search market, illegally paid an estimated $10 billion annually to smartphone makers like Apple AAPL.O and wireless carriers like AT&T T.N and others to be the default in search on their devices in order to stay on top. The government, in cross examination, may ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones. The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits.
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* The government has argued that Google, which has some 90% of the search market, illegally paid an estimated $10 billion annually to smartphone makers like Apple AAPL.O and wireless carriers like AT&T T.N and others to be the default in search on their devices in order to stay on top. WASHINGTON, Oct 26 (Reuters) - Sundar Pichai, chief executive of Alphabet GOOGL.O and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising. The government, in cross examination, may ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones.
|
* The government has argued that Google, which has some 90% of the search market, illegally paid an estimated $10 billion annually to smartphone makers like Apple AAPL.O and wireless carriers like AT&T T.N and others to be the default in search on their devices in order to stay on top. WASHINGTON, Oct 26 (Reuters) - Sundar Pichai, chief executive of Alphabet GOOGL.O and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising. Pichai, who is being called as a witness for Google, will likely be asked about the company's investments aimed at keeping its search competitive, especially as smartphones took over, and innovation in search advertising.
|
* The government has argued that Google, which has some 90% of the search market, illegally paid an estimated $10 billion annually to smartphone makers like Apple AAPL.O and wireless carriers like AT&T T.N and others to be the default in search on their devices in order to stay on top. WASHINGTON, Oct 26 (Reuters) - Sundar Pichai, chief executive of Alphabet GOOGL.O and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising. Pichai, who is being called as a witness for Google, will likely be asked about the company's investments aimed at keeping its search competitive, especially as smartphones took over, and innovation in search advertising.
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12904.0
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2023-10-26 00:00:00 UTC
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US trade tribunal issues potential Apple Watch import ban in Masimo patent fight
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AAPL
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https://www.nasdaq.com/articles/us-trade-tribunal-issues-potential-apple-watch-import-ban-in-masimo-patent-fight-0
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nan
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nan
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By Blake Brittain
Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights.
The full commission upheld a judge's ruling from January that Apple violated Masimo's rights in light-based technology for reading blood-oxygen levels.
President Joe Biden's administration will have 60 days to decide whether to veto the import ban based on policy concerns before it goes into effect. Presidents have rarely vetoed bans in the past.
Apple can appeal the ban to the U.S. Court of Appeals for the Federal Circuit after the review period ends.
"Masimo has wrongly attempted to use the ITC to keep a potentially lifesaving product from millions of U.S. consumers while making way for their own watch that copies Apple," an Apple spokesperson said. "While today’s decision has no immediate impact on sales of Apple Watch, we believe it should be reversed, and will continue our efforts to appeal."
Masimo Chief Executive Officer Joe Kiani said the decision "sends a powerful message that even the world's largest company is not above the law."
The ITC decision did not specify which models of Apple Watches would be affected by the ban. Masimo's 2021 complaint said the 2020 Apple Watch Series 6, the first model with blood-oxygen monitoring capabilities, infringed its patents.
Masimo's complaint said the infringing Apple Watches were made in China. Apple has since shifted some of its Apple Watch production to Vietnam.
The ITC case is part of an intellectual-property fight between Apple and Masimo that spans several jurisdictions.
Irvine, California-based Masimo has accused Apple of stealing its technology and incorporating it into several Apple Watch models. A jury trial on Masimo's allegations in California federal court ended with a mistrial in May.
Apple has separately sued Masimo for patent infringement in federal court in Delaware. It has called Masimo's legal actions a "maneuver to clear a path" for its own competing smartwatch.
Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor. The ITC issued a ban in February but placed it on hold during related proceedings over the validity of AliveCor's patents.
Apple's wearables, home and accessory business, which includes the Apple Watch, AirPods earbuds and other products, brought in $8.28 billion in revenue during the third quarter of 2023, according to a company report.
(Reporting by Blake Brittain in Washington; Editing by David Bario, Grant McCool and Bill Berkrot)
((blake.brittain@tr.com; +1 (202) 938-5713;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. The full commission upheld a judge's ruling from January that Apple violated Masimo's rights in light-based technology for reading blood-oxygen levels. President Joe Biden's administration will have 60 days to decide whether to veto the import ban based on policy concerns before it goes into effect.
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By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. Apple has separately sued Masimo for patent infringement in federal court in Delaware. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.
|
By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. "Masimo has wrongly attempted to use the ITC to keep a potentially lifesaving product from millions of U.S. consumers while making way for their own watch that copies Apple," an Apple spokesperson said. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.
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By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. The ITC decision did not specify which models of Apple Watches would be affected by the ban. Apple has since shifted some of its Apple Watch production to Vietnam.
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12905.0
|
2023-10-26 00:00:00 UTC
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Should iShares Russell 1000 Growth ETF (IWF) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-ishares-russell-1000-growth-etf-iwf-be-on-your-investing-radar-9
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nan
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nan
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Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the iShares Russell 1000 Growth ETF (IWF) is a passively managed exchange traded fund launched on 05/22/2000.
The fund is sponsored by Blackrock. It has amassed assets over $68.22 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.
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
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 0.19%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 0.76%.
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 42.80% of the portfolio. Consumer Discretionary and Telecom round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 12.44% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN).
The top 10 holdings account for about 52.18% of total assets under management.
Performance and Risk
IWF seeks to match the performance of the Russell 1000 Growth Index before fees and expenses. The Russell 1000 Growth Index measures the performance of the large-capitalization growth sector of the U.S. equity market.
The ETF has added roughly 22.97% so far this year and is up about 17.33% in the last one year (as of 10/26/2023). In the past 52-week period, it has traded between $209.89 and $285.38.
The ETF has a beta of 1.08 and standard deviation of 22.38% for the trailing three-year period, making it a medium risk choice in the space. With about 450 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Russell 1000 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, IWF 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 $87.51 billion in assets, Invesco QQQ has $195.08 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.
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iShares Russell 1000 Growth ETF (IWF): ETF Research Reports
Amazon.com, Inc. (AMZN) : 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 12.44% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Click to get this free report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Amazon.com, Inc. (AMZN) : 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 $68.22 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Click to get this free report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Amazon.com, Inc. (AMZN) : 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 12.44% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the iShares Russell 1000 Growth ETF (IWF) is a passively managed exchange traded fund launched on 05/22/2000.
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Click to get this free report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Amazon.com, Inc. (AMZN) : 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 12.44% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the iShares Russell 1000 Growth ETF (IWF) is a passively managed exchange traded fund launched on 05/22/2000.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 12.44% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Click to get this free report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Amazon.com, Inc. (AMZN) : 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. Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the iShares Russell 1000 Growth ETF (IWF) is a passively managed exchange traded fund launched on 05/22/2000.
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12906.0
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2023-10-26 00:00:00 UTC
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Noteworthy Thursday Option Activity: MRNA, AAPL, ENPH
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AAPL
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-mrna-aapl-enph
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Moderna Inc (Symbol: MRNA), where a total of 53,201 contracts have traded so far, representing approximately 5.3 million underlying shares. That amounts to about 134.7% of MRNA's average daily trading volume over the past month of 3.9 million shares. Especially high volume was seen for the $125 strike put option expiring January 19, 2024, with 6,750 contracts trading so far today, representing approximately 675,000 underlying shares of MRNA. Below is a chart showing MRNA's trailing twelve month trading history, with the $125 strike highlighted in orange:
Apple Inc (Symbol: AAPL) options are showing a volume of 690,145 contracts thus far today. That number of contracts represents approximately 69.0 million underlying shares, working out to a sizeable 130.8% of AAPL's average daily trading volume over the past month, of 52.8 million shares. Particularly high volume was seen for the $170 strike call option expiring October 27, 2023, with 53,917 contracts trading so far today, representing approximately 5.4 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $170 strike highlighted in orange:
And Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 59,672 contracts, representing approximately 6.0 million underlying shares or approximately 129.5% of ENPH's average daily trading volume over the past month, of 4.6 million shares. Particularly high volume was seen for the $80 strike put option expiring October 27, 2023, with 4,978 contracts trading so far today, representing approximately 497,800 underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for MRNA options, AAPL options, or ENPH options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of PLC
INDP market cap history
ETFs Holding WLK
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 $170 strike call option expiring October 27, 2023, with 53,917 contracts trading so far today, representing approximately 5.4 million underlying shares of AAPL. Below is a chart showing MRNA's trailing twelve month trading history, with the $125 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 690,145 contracts thus far today. That number of contracts represents approximately 69.0 million underlying shares, working out to a sizeable 130.8% of AAPL's average daily trading volume over the past month, of 52.8 million shares.
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Below is a chart showing MRNA's trailing twelve month trading history, with the $125 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 690,145 contracts thus far today. Particularly high volume was seen for the $170 strike call option expiring October 27, 2023, with 53,917 contracts trading so far today, representing approximately 5.4 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $170 strike highlighted in orange: And Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 59,672 contracts, representing approximately 6.0 million underlying shares or approximately 129.5% of ENPH's average daily trading volume over the past month, of 4.6 million shares.
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Particularly high volume was seen for the $170 strike call option expiring October 27, 2023, with 53,917 contracts trading so far today, representing approximately 5.4 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $170 strike highlighted in orange: And Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 59,672 contracts, representing approximately 6.0 million underlying shares or approximately 129.5% of ENPH's average daily trading volume over the past month, of 4.6 million shares. Below is a chart showing MRNA's trailing twelve month trading history, with the $125 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 690,145 contracts thus far today.
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Particularly high volume was seen for the $170 strike call option expiring October 27, 2023, with 53,917 contracts trading so far today, representing approximately 5.4 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $170 strike highlighted in orange: And Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 59,672 contracts, representing approximately 6.0 million underlying shares or approximately 129.5% of ENPH's average daily trading volume over the past month, of 4.6 million shares. Below is a chart showing ENPH's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for MRNA options, AAPL options, or ENPH options, visit StockOptionsChannel.com.
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12907.0
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2023-10-26 00:00:00 UTC
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Should SPDR Portfolio S&P 500 Growth ETF (SPYG) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-spdr-portfolio-sp-500-growth-etf-spyg-be-on-your-investing-radar-9
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nan
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nan
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If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Growth ETF (SPYG), a passively managed exchange traded fund launched on 09/25/2000.
The fund is sponsored by State Street Global Advisors. It has amassed assets over $18.47 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 usually 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. Further, growth stocks have a higher level of volatility associated with them. They are likely to outperform value stocks in strong bull markets but over the longer-term, value stocks have delivered better returns than growth stocks in almost all markets.
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 1.18%.
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 35.80% of the portfolio. Healthcare and Consumer Discretionary round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.08% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA).
The top 10 holdings account for about 46.49% of total assets under management.
Performance and Risk
SPYG seeks to match the performance of the S&P 500 Growth Index before fees and expenses. The S&P 500 Growth Index measures the performance of the large-capitalization growth sector in the U.S. equity market.
The ETF has gained about 15.80% so far this year and is up about 9.95% in the last one year (as of 10/26/2023). In the past 52-week period, it has traded between $49.17 and $62.89.
The ETF has a beta of 1.04 and standard deviation of 21.75% for the trailing three-year period, making it a medium risk choice in the space. With about 238 holdings, it effectively diversifies company-specific risk.
Alternatives
SPDR Portfolio S&P 500 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, SPYG 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 $87.51 billion in assets, Invesco QQQ has $195.08 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they 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
SPDR Portfolio S&P 500 Growth ETF (SPYG): 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 13.08% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report SPDR Portfolio S&P 500 Growth ETF (SPYG): 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. It has amassed assets over $18.47 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.08% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report SPDR Portfolio S&P 500 Growth ETF (SPYG): 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. 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.
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Click to get this free report SPDR Portfolio S&P 500 Growth ETF (SPYG): 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 13.08% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Growth ETF (SPYG), a passively managed exchange traded fund launched on 09/25/2000.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.08% of total assets, followed by Microsoft Corp (MSFT) and Nvidia Corp (NVDA). Click to get this free report SPDR Portfolio S&P 500 Growth ETF (SPYG): 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. They are likely to outperform value stocks in strong bull markets but over the longer-term, value stocks have delivered better returns than growth stocks in almost all markets.
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12908.0
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2023-10-26 00:00:00 UTC
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Apple Makes Up Almost 50% of Warren Buffett's Portfolio: Is the Stock a Buy?
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AAPL
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https://www.nasdaq.com/articles/apple-makes-up-almost-50-of-warren-buffetts-portfolio%3A-is-the-stock-a-buy
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nan
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nan
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Warren Buffett is known for holding onto stocks for the long term -- and even the idea of holding on forever isn't too much of an exaggeration. If Buffett believes in a business, he wants to stay involved in the story through each and every chapter.
All of this suggests Buffett's relationship with top technology and consumer goods giant Apple (NASDAQ: AAPL) could only continue to grow. The chairman of Berkshire Hathaway added Apple shares to the company's portfolio back in 2016, making them a rather new addition if we look at the picture through a long-term lens. And this isn't just a small holding. The trillion-dollar company actually makes up nearly half of Berkshire's portfolio in terms of value.
Following Buffett's lead often is a great idea, considering his investment successes over time. Does this mean you should go all in Apple stock? Let's find out.
Why Buffett likes Apple
It's easy to understand why Buffett likes Apple. The company has demonstrated strong earnings performance, has proven it has a solid moat, and Apple rewards investors through dividends and share buybacks.
We'll talk moat first, since Apple's successes truly start with this, its competitive advantage. The strength of Apple's brand means fans flock to buy the latest iPhone or Apple Watch -- without considering rival products. And Apple continues to create, with the latest development being the Apple Vision Pro spatial computing headset, ready for launch early next year. This sort of item probably won't fly off the shelves as easily as the latest iPhone, but it helps keep Apple at the head of the pack in terms of innovation.
Apple's brand strength also offers it pricing power, or the ability to lift prices without losing buyers.
Buffett loves a good moat because it signals a company has what it takes to continue generating earnings growth over time. And that brings me to the subject of earnings. Apple has delivered top performance over the years, with key financial metrics on the rise. They show Apple is growing profit -- and is benefiting from its investments.
AAPL Revenue (Annual) data by YCharts
Of course, in recent times, the difficult economic environment and foreign currency headwinds have weighed on earnings. First, it's important to keep in mind these are temporary problems, so they're unlikely to dim Apple's long-term prospects.
Apple services
Second, Apple's strength in services -- from digital content to iCloud data storage and financial products -- has helped compensate during the tough times. Even better, services could represent a whole new growth driver for the company, as users of Apple products pay for access to new features.
In the most recent quarter, Apple's services revenue reached a record thanks to more than one billion paid subscriptions. And here's some more good news: Services are higher margin for Apple than products. Services gross margin came in at more than 70% during the three-month period, while products margin was just over 35%.
This means Apple generates even more profit from services than from products -- so growth in services could be big for earnings down the road.
Finally, Buffett likes Apple for its commitment to rewarding shareholders. In the quarter, Apple paid out $3.8 billion in dividends and spent about $18 billion on share buybacks. Dividend payments allow investors to benefit from their holdings even if the market or the stock itself isn't performing well. So dividend paying stocks make great safety plays for any portfolio.
Should you follow Warren Buffett?
Apple looks like a great investment, but getting back to our question, should you go all in on this stock? And here's where we might have to part ways a bit with Warren Buffett. Apple makes a great long-term buy today -- it's even trading at a bargain 26 times forward earnings estimates.
But I wouldn't recommend going all in on just one stock, with Apple or any other company making up half or more of your portfolio. To minimize your risk, it's best to invest across a variety of companies that you believe in and understand -- and Apple, with its fantastic combination of growth and safety, surely could be one of them.
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 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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AAPL Revenue (Annual) data by YCharts Of course, in recent times, the difficult economic environment and foreign currency headwinds have weighed on earnings. All of this suggests Buffett's relationship with top technology and consumer goods giant Apple (NASDAQ: AAPL) could only continue to grow. The company has demonstrated strong earnings performance, has proven it has a solid moat, and Apple rewards investors through dividends and share buybacks.
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All of this suggests Buffett's relationship with top technology and consumer goods giant Apple (NASDAQ: AAPL) could only continue to grow. AAPL Revenue (Annual) data by YCharts Of course, in recent times, the difficult economic environment and foreign currency headwinds have weighed on earnings. The chairman of Berkshire Hathaway added Apple shares to the company's portfolio back in 2016, making them a rather new addition if we look at the picture through a long-term lens.
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All of this suggests Buffett's relationship with top technology and consumer goods giant Apple (NASDAQ: AAPL) could only continue to grow. AAPL Revenue (Annual) data by YCharts Of course, in recent times, the difficult economic environment and foreign currency headwinds have weighed on earnings. Why Buffett likes Apple It's easy to understand why Buffett likes Apple.
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All of this suggests Buffett's relationship with top technology and consumer goods giant Apple (NASDAQ: AAPL) could only continue to grow. AAPL Revenue (Annual) data by YCharts Of course, in recent times, the difficult economic environment and foreign currency headwinds have weighed on earnings. The strength of Apple's brand means fans flock to buy the latest iPhone or Apple Watch -- without considering rival products.
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12909.0
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2023-10-26 00:00:00 UTC
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Should Invesco QQQ (QQQ) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-invesco-qqq-qqq-be-on-your-investing-radar-9
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nan
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nan
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If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco QQQ (QQQ), a passively managed exchange traded fund launched on 03/10/1999.
The fund is sponsored by Invesco. It has amassed assets over $195.08 billion, making it the largest 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. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.
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 0.20%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 0.62%.
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 49% of the portfolio. Telecom and Consumer Discretionary round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 11.06% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN).
The top 10 holdings account for about 49.12% of total assets under management.
Performance and Risk
QQQ seeks to match the performance of the NASDAQ-100 Index before fees and expenses. The Nasdaq-100 Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
The ETF has added about 32.14% so far this year and was up about 24.03% in the last one year (as of 10/26/2023). In the past 52-week period, it has traded between $260.10 and $385.74.
The ETF has a beta of 1.10 and standard deviation of 24.04% for the trailing three-year period, making it a medium risk choice in the space. With about 101 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco QQQ 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, QQQ is an excellent 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 iShares Russell 1000 Growth ETF (IWF) and the Vanguard Growth ETF (VUG) track a similar index. While iShares Russell 1000 Growth ETF has $68.22 billion in assets, Vanguard Growth ETF has $87.51 billion. IWF has an expense ratio of 0.19% and VUG charges 0.04%.
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
Invesco QQQ (QQQ): ETF Research Reports
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
iShares Russell 1000 Growth ETF (IWF): 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 11.06% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $195.08 billion, making it the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Russell 1000 Growth ETF (IWF): 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 11.06% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). It has amassed assets over $195.08 billion, making it the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Russell 1000 Growth ETF (IWF): 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 11.06% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). While iShares Russell 1000 Growth ETF has $68.22 billion in assets, Vanguard Growth ETF has $87.51 billion.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 11.06% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report iShares Russell 1000 Growth ETF (IWF): ETF Research Reports Vanguard Growth ETF (VUG): ETF Research Reports To read this article on Zacks.com click here. If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco QQQ (QQQ), a passively managed exchange traded fund launched on 03/10/1999.
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12910.0
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2023-10-26 00:00:00 UTC
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US trade tribunal issues potential Apple Watch import ban in Masimo patent fight
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AAPL
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https://www.nasdaq.com/articles/us-trade-tribunal-issues-potential-apple-watch-import-ban-in-masimo-patent-fight
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nan
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nan
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By Blake Brittain
Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding that the devices violate medical technology company Masimo's MASI.O patent rights.
The full commission upheld a judge's ruling from January that Apple violated Masimo's rights in light-based technology for reading biomarkers like heart rates and blood-oxygen levels.
President Joe Biden's administration will have 60 days to decide whether to veto the import ban based on policy concerns before it goes into effect. Presidents have rarely vetoed bans in the past.
Apple can appeal the ban to the U.S. Court of Appeals for the Federal Circuit after the review period ends.
Irvine, California-based Masimo has accused Apple of stealing its technology and incorporating it into several Apple Watch models. A jury trial on Masimo's allegations in California federal court ended with a mistrial in May.
Apple has separately sued Masimo for patent infringement in federal court in Delaware. It has called Masimo's legal actions a "maneuver to clear a path" for its own competing smartwatch.
Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor. The ITC issued a ban in February but placed it on hold during related proceedings over the validity of AliveCor's patents.
Apple's wearables, home and accessory business, which includes the Apple Watch, AirPods earbuds and other products, earned the company $8.28 billion in revenue during the third quarter of 2023, according to a company report.
(Reporting by Blake Brittain in Washington Editing by David Bario and Grant McCool)
((blake.brittain@tr.com; +1 (202) 938-5713;))
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 Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding that the devices violate medical technology company Masimo's MASI.O patent rights. The full commission upheld a judge's ruling from January that Apple violated Masimo's rights in light-based technology for reading biomarkers like heart rates and blood-oxygen levels. President Joe Biden's administration will have 60 days to decide whether to veto the import ban based on policy concerns before it goes into effect.
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By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding that the devices violate medical technology company Masimo's MASI.O patent rights. The full commission upheld a judge's ruling from January that Apple violated Masimo's rights in light-based technology for reading biomarkers like heart rates and blood-oxygen levels. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.
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By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding that the devices violate medical technology company Masimo's MASI.O patent rights. Irvine, California-based Masimo has accused Apple of stealing its technology and incorporating it into several Apple Watch models. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.
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By Blake Brittain Oct 26 (Reuters) - The U.S. International Trade Commission (ITC) on Thursday issued an order that could bar Apple AAPL.O from importing its Apple Watches after finding that the devices violate medical technology company Masimo's MASI.O patent rights. Apple has separately sued Masimo for patent infringement in federal court in Delaware. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.
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12911.0
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2023-10-26 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-13
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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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 93% 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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
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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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet.
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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12912.0
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2023-10-26 00:00:00 UTC
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Thursday's ETF with Unusual Volume: SUSA
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AAPL
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https://www.nasdaq.com/articles/thursdays-etf-with-unusual-volume%3A-susa
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nan
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nan
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The iShares MSCI USA ESG Select ETF is seeing unusually high volume in afternoon trading Thursday, with over 4.6 million shares traded versus three month average volume of about 343,000. Shares of SUSA were down about 0.6% on the day.
Components of that ETF with the highest volume on Thursday were Tesla, trading off about 2.6% with over 62.5 million shares changing hands so far this session, and Apple, off about 2.6% on volume of over 29.9 million shares. American Tower is the component faring the best Thursday, up by about 7.7% on the day, while West Pharmaceutical Services is lagging other components of the iShares MSCI USA ESG Select ETF, trading lower by about 10.8%.
VIDEO: Thursday's ETF with Unusual Volume: SUSA
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 iShares MSCI USA ESG Select ETF is seeing unusually high volume in afternoon trading Thursday, with over 4.6 million shares traded versus three month average volume of about 343,000. Components of that ETF with the highest volume on Thursday were Tesla, trading off about 2.6% with over 62.5 million shares changing hands so far this session, and Apple, off about 2.6% on volume of over 29.9 million shares. American Tower is the component faring the best Thursday, up by about 7.7% on the day, while West Pharmaceutical Services is lagging other components of the iShares MSCI USA ESG Select ETF, trading lower by about 10.8%.
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The iShares MSCI USA ESG Select ETF is seeing unusually high volume in afternoon trading Thursday, with over 4.6 million shares traded versus three month average volume of about 343,000. American Tower is the component faring the best Thursday, up by about 7.7% on the day, while West Pharmaceutical Services is lagging other components of the iShares MSCI USA ESG Select ETF, trading lower by about 10.8%. VIDEO: Thursday's ETF with Unusual Volume: SUSA 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 iShares MSCI USA ESG Select ETF is seeing unusually high volume in afternoon trading Thursday, with over 4.6 million shares traded versus three month average volume of about 343,000. Components of that ETF with the highest volume on Thursday were Tesla, trading off about 2.6% with over 62.5 million shares changing hands so far this session, and Apple, off about 2.6% on volume of over 29.9 million shares. American Tower is the component faring the best Thursday, up by about 7.7% on the day, while West Pharmaceutical Services is lagging other components of the iShares MSCI USA ESG Select ETF, trading lower by about 10.8%.
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The iShares MSCI USA ESG Select ETF is seeing unusually high volume in afternoon trading Thursday, with over 4.6 million shares traded versus three month average volume of about 343,000. American Tower is the component faring the best Thursday, up by about 7.7% on the day, while West Pharmaceutical Services is lagging other components of the iShares MSCI USA ESG Select ETF, trading lower by about 10.8%. VIDEO: Thursday's ETF with Unusual Volume: SUSA 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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12913.0
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2023-10-26 00:00:00 UTC
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3 No-Brainer Stocks I'd Buy Right Now Without Hesitation
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AAPL
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https://www.nasdaq.com/articles/3-no-brainer-stocks-id-buy-right-now-without-hesitation-13
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nan
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nan
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Earnings season is right around the corner, which usually causes a lot of fluctuation in the stock market. As a result, many investors are probably wondering what stocks are safe bets and likely to rise after posting earnings.
Tech stocks fell out of favor amid last year's economic downturn. However, a boom in artificial intelligence (AI) has made Wall Street optimistic about the industry again, with many companies enjoying double-digit stock growth in 2023. Meanwhile, easing inflation has allowed some businesses to recover from recent hurdles.
The great thing about tech is that it's an ever-evolving market that is almost guaranteed to reward patient investors. So, no matter the outcome of this quarter's earnings report, many of the market's leaders will likely provide significant gains over the long term.
So, here are three no-brainer stocks I'd buy right now without hesitation.
1. Apple
Shares in Apple (NASDAQ: AAPL) tumbled almost 12% since the start of August after posting a 1% year-over-year decline in revenue for the third quarter of 2023. Economic headwinds caught up with the company as reductions in consumer spending across tech hurt product sales. Yet, despite the challenges, Apple's stock has still gained 33% year to date.
The company has gained a reputation for its reliability over the long term. Since 2018, Apple's annual revenue climbed 52%, with operating income up 87%. Meanwhile, its stock soared 209% in that time. The company's nearly unrivaled dominance in consumer tech and loyalty from users enabled it to snap up leading market shares in most of its product categories.
Moreover, Apple is gradually expanding its business to lean less on product sales. Its services segment has become a particularly lucrative area, with revenue rising 8% year over year in Q3 2023. The digital business includes income from the App Store and subscription-based platforms like Apple TV+, which have proven less vulnerable to macro factors.
Apple could face another challenging quarter. However, its long-term prospects mean a recent dip has effectively put its shares on sale. With immense dominance in tech and a rapidly expanding services business, Apple's stock is a no-brainer.
2. Microsoft
Microsoft (NASDAQ: MSFT) is easily one of my favorite stocks this year, with countless earning opportunities in AI.
The tech giant was an early investor in AI, sinking $1 billion in ChatGPT developer OpenAI in 2019. Microsoft has since increased that figure by $10 billion, bringing its stake in the start-up to 49%. The partnership gave Microsoft access to some of the most advanced AI technology, allowing it to get a head start in a highly competitive industry.
With the power of OpenAI's technology, Microsoft arguably has the highest earning potential in AI thanks to its dominance in productivity and cloud services. Millions of businesses and consumers worldwide have come to rely on Microsoft's Office productivity suite, which includes popular platforms such as Word, Excel, PowerPoint, Outlook, and more. The tech giant is steadily adding AI features to these programs and moving to monetize its efforts.
The company recently unveiled Copilot, an AI assistant that will debut as a $30 monthly add-on to a Microsoft 365 subscription. Meanwhile, Microsoft is using OpenAI's models to expand its library of AI cloud services on Azure, striving to attract new customers to the platform and increase its 22% share of the cloud market.
The AI market is projected to expand at a compound annual growth rate of 37% through 2030, and Microsoft is well equipped to profit substantially as the industry develops. Its stock is a screaming buy right now and one I'd buy without hesitation.
3. Alphabet
Like the two companies above, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has a potent position in tech and a long history of providing stockholders with reliable gains. Its success is mainly owed to its dominance in the digital advertising industry, where it holds a leading 25% market share.
Digital ad spending is expected to hit $680 billion in 2023, with the largest portion of that coming from search advertising. Meanwhile, Alphabet's Google has an over 80% share of search engines. Along with YouTube, Android, Chrome, and the many other services under Google, Alphabet has almost endless advertising opportunities.
Alphabet serves billions of users daily and its annual revenue climbed 107% over the last five years, and operating income has increased 130%. Those figures are higher than any other company on this list in the same period.
In 2023, Alphabet has continued delivering strong financials as it recovers from last year's economic downturn. In the second quarter, revenue rose 8% year over year after a solid rise in its Google advertising and Google Cloud segments. The company is on a promising trajectory, and you won't want to miss out on its long-term future.
10 stocks we like better than Apple
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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, Apple, and Microsoft. 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 Shares in Apple (NASDAQ: AAPL) tumbled almost 12% since the start of August after posting a 1% year-over-year decline in revenue for the third quarter of 2023. However, a boom in artificial intelligence (AI) has made Wall Street optimistic about the industry again, with many companies enjoying double-digit stock growth in 2023. The company's nearly unrivaled dominance in consumer tech and loyalty from users enabled it to snap up leading market shares in most of its product categories.
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Apple Shares in Apple (NASDAQ: AAPL) tumbled almost 12% since the start of August after posting a 1% year-over-year decline in revenue for the third quarter of 2023. Since 2018, Apple's annual revenue climbed 52%, with operating income up 87%. Alphabet Like the two companies above, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has a potent position in tech and a long history of providing stockholders with reliable gains.
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Apple Shares in Apple (NASDAQ: AAPL) tumbled almost 12% since the start of August after posting a 1% year-over-year decline in revenue for the third quarter of 2023. With immense dominance in tech and a rapidly expanding services business, Apple's stock is a no-brainer. Microsoft Microsoft (NASDAQ: MSFT) is easily one of my favorite stocks this year, with countless earning opportunities in AI.
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Apple Shares in Apple (NASDAQ: AAPL) tumbled almost 12% since the start of August after posting a 1% year-over-year decline in revenue for the third quarter of 2023. The AI market is projected to expand at a compound annual growth rate of 37% through 2030, and Microsoft is well equipped to profit substantially as the industry develops. In the second quarter, revenue rose 8% year over year after a solid rise in its Google advertising and Google Cloud segments.
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12914.0
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2023-10-26 00:00:00 UTC
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Berkshire Hathaway resumes purchases of Occidental Petroleum
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AAPL
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https://www.nasdaq.com/articles/berkshire-hathaway-resumes-purchases-of-occidental-petroleum
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nan
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nan
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By Jonathan Stempel
Oct 26 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, bought Occidental Petroleum shares OXY.N for the first time in nearly four months, adding to its oil bet following two recent mega-mergers in that industry.
Berkshire said in a U.S. Securities and Exchange Commission filing on Wednesday night it paid about $246 million for 3.9 million Occidental shares this week.
That gave Berkshire about 228.1 million Occidental shares, a 25.8% stake worth approximately $14.4 billion.
Berkshire had last bought Occidental shares on June 28.
It also demonstrated a willingness to pay more, spending between $62.32 and $63.31 for its latest shares, above the mid- to upper-$50s per share it had spent on purchases earlier this year.
Berkshire resumed its purchases on Monday, the same day Chevron CVX.Nagreed to buy Hess HES.N for $53 billion, and 12 days after Exxon Mobil XOM.Nagreed to buy Pioneer Natural Resources PXD.N for $60 billion.
The investments and mergers reflect the purchasers' confidence in the future of fossil fuels, even as many companies and investors focus on cleaner energy sources.
Buffett's Omaha, Nebraska-based company has also been a big Chevron investor, ending June with a $19.4 billion stake.
Wednesday's filing also shows that Berkshire still owns $8.5 billion of Occidental preferred stock it had acquired in 2019 to help finance Occidental's purchase of Anadarko Petroleum.
Berkshire originally bought $10 billion of the preferred stock, which carries an 8% dividend, but Occidental began redeeming it this year at a premium as its balance sheet improved. It redeemed $707 million of the stock in the third quarter.
In August 2022, Berkshire won U.S. regulatory approval to buy up to 50% of Occidental, but Buffett has said he has no plans to acquire the Houston-based company.
"We're not going to buy control," Buffett said on May 6 at Berkshire's annual shareholder meeting. "We've got the right management running it."
Berkshire also owns dozens of businesses including several energy operations, the BNSF railroad and Geico car insurance, and hundreds of billions of dollars of stocks including Apple AAPL.O.
(Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.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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Berkshire also owns dozens of businesses including several energy operations, the BNSF railroad and Geico car insurance, and hundreds of billions of dollars of stocks including Apple AAPL.O. By Jonathan Stempel Oct 26 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, bought Occidental Petroleum shares OXY.N for the first time in nearly four months, adding to its oil bet following two recent mega-mergers in that industry. The investments and mergers reflect the purchasers' confidence in the future of fossil fuels, even as many companies and investors focus on cleaner energy sources.
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Berkshire also owns dozens of businesses including several energy operations, the BNSF railroad and Geico car insurance, and hundreds of billions of dollars of stocks including Apple AAPL.O. By Jonathan Stempel Oct 26 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, bought Occidental Petroleum shares OXY.N for the first time in nearly four months, adding to its oil bet following two recent mega-mergers in that industry. That gave Berkshire about 228.1 million Occidental shares, a 25.8% stake worth approximately $14.4 billion.
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Berkshire also owns dozens of businesses including several energy operations, the BNSF railroad and Geico car insurance, and hundreds of billions of dollars of stocks including Apple AAPL.O. By Jonathan Stempel Oct 26 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, bought Occidental Petroleum shares OXY.N for the first time in nearly four months, adding to its oil bet following two recent mega-mergers in that industry. Berkshire resumed its purchases on Monday, the same day Chevron CVX.Nagreed to buy Hess HES.N for $53 billion, and 12 days after Exxon Mobil XOM.Nagreed to buy Pioneer Natural Resources PXD.N for $60 billion.
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Berkshire also owns dozens of businesses including several energy operations, the BNSF railroad and Geico car insurance, and hundreds of billions of dollars of stocks including Apple AAPL.O. By Jonathan Stempel Oct 26 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, bought Occidental Petroleum shares OXY.N for the first time in nearly four months, adding to its oil bet following two recent mega-mergers in that industry. Berkshire had last bought Occidental shares on June 28.
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12915.0
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2023-10-26 00:00:00 UTC
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Chipmaker STMicroelectronics Q3 sales top estimates
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AAPL
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https://www.nasdaq.com/articles/chipmaker-stmicroelectronics-q3-sales-top-estimates
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nan
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nan
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Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by the automotive sector.
It posted third-quarter net revenues of $4.43 billion, beating the average of $4.38 billion expected by analysts in a Refinitiv poll.
(Reporting by Olivier Sorgho; Editing by Clarence Fernandez)
((Olivier.Sorgho@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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Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by the automotive sector. It posted third-quarter net revenues of $4.43 billion, beating the average of $4.38 billion expected by analysts in a Refinitiv poll. (Reporting by Olivier Sorgho; Editing by Clarence Fernandez) ((Olivier.Sorgho@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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Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by the automotive sector. It posted third-quarter net revenues of $4.43 billion, beating the average of $4.38 billion expected by analysts in a Refinitiv poll. (Reporting by Olivier Sorgho; Editing by Clarence Fernandez) ((Olivier.Sorgho@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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Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by the automotive sector. It posted third-quarter net revenues of $4.43 billion, beating the average of $4.38 billion expected by analysts in a Refinitiv poll. (Reporting by Olivier Sorgho; Editing by Clarence Fernandez) ((Olivier.Sorgho@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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Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by the automotive sector. It posted third-quarter net revenues of $4.43 billion, beating the average of $4.38 billion expected by analysts in a Refinitiv poll. (Reporting by Olivier Sorgho; Editing by Clarence Fernandez) ((Olivier.Sorgho@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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12916.0
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2023-10-26 00:00:00 UTC
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STMicro beats third quarter sales forecasts
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AAPL
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https://www.nasdaq.com/articles/stmicro-beats-third-quarter-sales-forecasts
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nan
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nan
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Adds fourth-quarter outlook comments
Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by demand from the automotive sector.
However, the company, whose clients include Tesla TSLA.O and Apple AAPL.O, said it expects a drop in sales in the fourth quarter.
Third quarter net revenues rose 2.5% year on year to $4.43 billion, beating the average of $4.38 billion expected by analysts in an Refinitiv poll.
"As expected, the revenue performance was driven mainly by continued growth in Automotive, partially offset by lower revenues in Personal Electronics," said Jean-Marc Chery, the group's Chief executive, in a statement.
STMicro said it expects fourth quarter sales to fall about 3% year on year to $4.30 billion.
Demand from car makers has helped the semiconductor sector offset the impact of U.S.-China trade spats and sluggish demand for personal electronics.
However, auto manufactures are now saying that demand for electric vehicles (EVs) - a key growth driver - could be poised for a slowdown.
STMicro on Thursday added it projects a gross margin of 46% in the fourth quarter, give or take 200 basis points.
(Reporting by Olivier Sorgho; Editing by Clarence Fernandez and Sonali Paul)
((Olivier.Sorgho@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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However, the company, whose clients include Tesla TSLA.O and Apple AAPL.O, said it expects a drop in sales in the fourth quarter. Adds fourth-quarter outlook comments Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by demand from the automotive sector. However, auto manufactures are now saying that demand for electric vehicles (EVs) - a key growth driver - could be poised for a slowdown.
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However, the company, whose clients include Tesla TSLA.O and Apple AAPL.O, said it expects a drop in sales in the fourth quarter. Adds fourth-quarter outlook comments Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by demand from the automotive sector. Third quarter net revenues rose 2.5% year on year to $4.43 billion, beating the average of $4.38 billion expected by analysts in an Refinitiv poll.
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However, the company, whose clients include Tesla TSLA.O and Apple AAPL.O, said it expects a drop in sales in the fourth quarter. Adds fourth-quarter outlook comments Oct 26 (Reuters) - European chipmaker STMicroelectronics STMPA.PA beat expectations on Thursday for third quarter sales, helped by demand from the automotive sector. Third quarter net revenues rose 2.5% year on year to $4.43 billion, beating the average of $4.38 billion expected by analysts in an Refinitiv poll.
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However, the company, whose clients include Tesla TSLA.O and Apple AAPL.O, said it expects a drop in sales in the fourth quarter. STMicro said it expects fourth quarter sales to fall about 3% year on year to $4.30 billion. Demand from car makers has helped the semiconductor sector offset the impact of U.S.-China trade spats and sluggish demand for personal electronics.
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12917.0
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2023-10-26 00:00:00 UTC
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2 FAANG Stocks With Up to 79% Upside, According to a Pair of Wall Street Analysts
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AAPL
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https://www.nasdaq.com/articles/2-faang-stocks-with-up-to-79-upside-according-to-a-pair-of-wall-street-analysts
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nan
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nan
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When volatility and uncertainty pick up on Wall Street, investors of all walks tend to turn their attention to profitable, time-tested, industry-leading businesses. For much of the past 10 years, it's the FAANG stocks that have been investors' safety net.
When I say "FAANG stocks," I'm referring to:
Facebook, which is now a subsidiary of Meta Platforms (NASDAQ: META)
Apple (NASDAQ: AAPL)
Amazon (NASDAQ: AMZN)
Netflix (NASDAQ: NFLX)
Google, now a subsidiary of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG)
Image source: Getty Images.
Aside from handily outperforming the benchmark S&P 500 over the past decade, the FAANG stocks bring well-defined competitive advantages to the table.
Meta Platforms owns some of the top social media "real estate" on the planet. Collectively, Facebook, WhatsApp, Instagram, and Facebook Messenger encouraged nearly 3.9 billion people to visit a Meta-owned asset each month during the June-ended quarter.
Apple is the largest publicly traded company by market cap in the U.S. and the leading provider of smartphones domestically. It's also the king of capital-return programs, with Apple repurchasing around $600 billion worth of its common stock since the start of 2013.
Amazon is the world's leading online retail marketplace and is responsible for bringing in roughly $0.40 of every $1 spent in online retail sales in the United States. Further, Amazon Web Services (AWS) is the leading cloud infrastructure service provider by total spending.
Netflix is the world's leading streaming content provider by market share. Among streaming services, none comes close to the library of original content Netflix can offer.
Alphabet's Google is a virtual monopoly in internet search. It held a nearly 92% share of worldwide internet search share, as of September 2023. Alphabet is also the owner of streaming video platform YouTube, the second-most visited site behind Facebook.
But despite their dominance, Wall Street's outlook for the five FAANG stocks differs significantly. According to the high-water price targets from a pair of Wall Street analysts, two FAANG stocks offer as much as 79% upside.
Alphabet: Implied upside of 54%
The first FAANG stock with jaw-dropping upside, at least according to one Wall Street analyst, is Alphabet. Analyst Ross Sandler at Barclays maintained a buy rating on shares of the company in September, with an aggressive price target of $200. When accounting for Alphabet's after-hours move at the time of this writing on Oct. 24, 2023, Sandler's price target would result in a 54% gain.
Arguably the biggest headwind that could keep Alphabet from reaching the highest-issued price target on Wall Street is the health of the U.S. economy. With a number of economic data points and predictive tools suggesting a recession is on the horizon, ad-driven businesses, like Alphabet, could struggle. Historically, advertisers are quick to reduce their spending at the first sign of economic weakness.
But the counter to this argument is that the U.S. economy spends a disproportionate amount of time expanding. Of the dozen U.S. recessions following World War II, only three have lasted at least 12 months. By comparison, almost every expansion has endured for multiple years, with one continuing for a decade. The advertising industry grows in lockstep with the U.S. economy over time.
However, Alphabet isn't just any ad-driven business. Google hasn't held less than a 90% share of worldwide internet search since the first quarter of 2015. Having a veritable monopoly in internet search affords the company exceptional ad-pricing power in most economic climates.
There's also plenty of excitement for Alphabet beyond its foundational search engine. Google Cloud is the world's No. 3 cloud infrastructure service provider (by market share), and it's generated three consecutive quarterly operating profits following years of losses. Despite analysts being collectively disappointed by Google Cloud's 22.5% year-over-year sales growth in the September-ended quarter, it's important to recognize that enterprise cloud spending is still in its relatively early stages. This is a high-margin segment that's only going to get stronger from a cash flow perspective over time.
Don't forget about YouTube, either. In a span of roughly two years, daily views of YouTube Shorts (short-form videos often less than 60 seconds in length) catapulted from about 6.5 billion to north of 50 billion. These bite-sized videos are turning into a serious ad-growth opportunity for YouTube and parent Alphabet.
Lastly, Alphabet remains inexpensive, given its sustained moat in internet search and its rapidly growing operating cash flow. Shares are currently valued at roughly 19 times forward-year earnings and below 14 times consensus cash flow in 2024. For context, Alphabet has averaged a forward price-to-earnings (P/E) ratio of 25 over the past five years, along with a cash flow multiple of 18.
Suffice it to say, a $200 price target isn't out of the question at some point within the next year or three.
Image source: Amazon.
Amazon: Implied upside of 79%
However, the FAANG stock that offers the most blistering upside, based on the price target of one Wall Street analyst, is e-commerce kingpin Amazon. In August, analyst Alex Haissl of Redburn Partners maintained his firm's buy rating on Amazon but upped his price target from $220 to $230. If Amazon were to reach this lofty price target, its shares would increase 79% from where they closed on Oct. 24.
Similar to Alphabet, the biggest knock against Amazon will be the health of the U.S. economy. People are most familiar with Amazon for its leading online marketplace. If a recession were to take shape, the expectation would be for online retail sales to decline.
The thing is, Amazon's top segment for revenue isn't all that important for cash-flow generation. While e-commerce tends to be the lure that attracts a lot of consumers in the first place, it's the company's ancillary operations that drive virtually all of its cash flow and operating income. In short, a weaker retail spending environment may not be a big deal for Amazon.
If Amazon stock were to make a run at Haissl's high-water price target, it would almost certainly be because of strength from AWS. As of the June-ended quarter, tech analysis firm Canalys estimated that AWS accounted for 30% of global cloud infrastructure service spending. Even though AWS generates just a sixth of Amazon's net sales, it regularly contributes 50% to 100% of the company's operating income.
Subscription services is another key high-margin segment for Amazon. The lure of its online marketplace, growing content library, and exclusive rights to Thursday Night Football helped push its global Prime subscriber count past 200 million in April 2021. As one of these 200 million-plus subscribers, I can somewhat confidently say that Amazon has exceptional pricing power with Prime.
Advertising services is the third and final ancillary segment that's of importance. Amazon is one of the most-visited sites in the world, which means it offers prime "real estate" to advertisers. Excluding currency movements, Amazon has delivered eight consecutive quarters of at least 21% year-over-year sales growth from its advertising segment.
Although Amazon isn't cheap by a traditional measuring stick (i.e., using the P/E ratio), it's historically inexpensive when analyzed relative to its future cash flow. The latter is a far better measure for Amazon than the traditional P/E ratio, given that Amazon reinvests most of its cash flow back into its faster-growing operations. Whereas Amazon was consistently valued at 23 to 37 times its year-end cash flow throughout the 2010s, it can be purchased by opportunistic investors right now for less than 12 times Wall Street's consensus cash-flow estimate for 2024.
Similar to Sandler's price target on Alphabet stock, I believe Haissl's share price forecast for Amazon can come to fruition within the next few years.
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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. 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. Sean Williams has positions in Alphabet, Amazon.com, and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, and Netflix. The Motley Fool recommends Barclays Plc. 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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When I say "FAANG stocks," I'm referring to: Facebook, which is now a subsidiary of Meta Platforms (NASDAQ: META) Apple (NASDAQ: AAPL) Amazon (NASDAQ: AMZN) Netflix (NASDAQ: NFLX) Google, now a subsidiary of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) Image source: Getty Images. When volatility and uncertainty pick up on Wall Street, investors of all walks tend to turn their attention to profitable, time-tested, industry-leading businesses. In August, analyst Alex Haissl of Redburn Partners maintained his firm's buy rating on Amazon but upped his price target from $220 to $230.
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When I say "FAANG stocks," I'm referring to: Facebook, which is now a subsidiary of Meta Platforms (NASDAQ: META) Apple (NASDAQ: AAPL) Amazon (NASDAQ: AMZN) Netflix (NASDAQ: NFLX) Google, now a subsidiary of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) Image source: Getty Images. 3 cloud infrastructure service provider (by market share), and it's generated three consecutive quarterly operating profits following years of losses. As of the June-ended quarter, tech analysis firm Canalys estimated that AWS accounted for 30% of global cloud infrastructure service spending.
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When I say "FAANG stocks," I'm referring to: Facebook, which is now a subsidiary of Meta Platforms (NASDAQ: META) Apple (NASDAQ: AAPL) Amazon (NASDAQ: AMZN) Netflix (NASDAQ: NFLX) Google, now a subsidiary of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) Image source: Getty Images. Amazon: Implied upside of 79% However, the FAANG stock that offers the most blistering upside, based on the price target of one Wall Street analyst, is e-commerce kingpin Amazon. Similar to Sandler's price target on Alphabet stock, I believe Haissl's share price forecast for Amazon can come to fruition within the next few years.
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When I say "FAANG stocks," I'm referring to: Facebook, which is now a subsidiary of Meta Platforms (NASDAQ: META) Apple (NASDAQ: AAPL) Amazon (NASDAQ: AMZN) Netflix (NASDAQ: NFLX) Google, now a subsidiary of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) Image source: Getty Images. 3 cloud infrastructure service provider (by market share), and it's generated three consecutive quarterly operating profits following years of losses. Similar to Sandler's price target on Alphabet stock, I believe Haissl's share price forecast for Amazon can come to fruition within the next few years.
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12918.0
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2023-10-26 00:00:00 UTC
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1 Magnificent Stock Down 53% to Buy Hand Over Fist
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AAPL
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https://www.nasdaq.com/articles/1-magnificent-stock-down-53-to-buy-hand-over-fist
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nan
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nan
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Despite the Nasdaq Composite (NASDAQINDEX: ^IXIC) index jumping 23% so far in 2023, the technology sector is still finding its feet after a brutal sell-off last year.
Many individual tech stocks are still down substantially from their all-time highs, and the companies will have to lift themselves out of this valuation slump by delivering a strong operating performance. That includes steady growth and creating a pathway to profitability.
Music streaming giant Spotify (NYSE: SPOT) is proving it can accomplish both of those things. Its stock soared 10% after the release of its financial results for the third quarter, and its shares have now more than doubled in 2023 -- yet remain 53% below its all-time high, set in 2021.
Below, I'll explain why Spotify stock is likely to recover even more ground in the coming months, and why investors should go along for the ride.
Image source: Getty Images.
Consumers continue flocking to the Spotify platform
The music streaming business is tough. All of the major platforms -- including Spotify, Apple Music, and Amazon Music -- offer practically identical content, so they have limited ways to compete with one another. Pricing is one lever they can pull (to an extent, because it's partly regulated by the music industry), and they can also invest heavily in technology to improve the user experience.
Spotify is a specialist in the latter area, with arguably the most feature-rich platform in the industry. Earlier this year, the company launched a new artificial intelligence (AI)-powered feature called AI DJ. While almost all streaming platforms now use AI to curate playlists for listeners based on their individual preferences, AI DJ takes that experience to a new level. It plays a track list much like a party DJ would, complete with commentary using a software-generated voiceover.
In September, Spotify elevated the AI DJ experience yet again with a new feature called daylist. It's a living playlist that updates several times throughout the day using data it has collected on each listener. Spotify knows different times of day bring about different emotions, and that calls for a more fluid experience from the platform. As the AI delivers better recommendations over time, daylist has the potential to substantially boost engagement.
While that's just a sample of Spotify's ever-expanding feature set, it's clear the platform's commitment to innovation is attracting new customers. It ended Q3 with 574 million monthly active users, a remarkable increase of 118 million (or 26%) from the same time last year. It also came in 2 million above Spotify's forecast, thanks to more premium subscribers signing up than expected. That was especially surprising given the company recently increased the price of its premium plans.
Spotify delivered its first quarterly profit in 18 months
Spotify's users are separated into two classes: premium subscribers who pay a monthly subscription fee, and free users who listen to music with ads. Premium subscribers make up just 37% of the platform's user base, but they contribute 87% of its total revenue, so the addition of more premium subs than expected in Q3 was critical to the company's financial success.
Spotify's revenue came in at 3.4 billion euros ($3.6 billion), an increase of 11% year over year and above the company's estimate. But the real story was at the bottom line, because Spotify delivered its first profit since the first quarter of 2022. It generated a modest Q3 operating profit of 32 million euros, but that was substantially better than the operating loss of 45 million euros it had forecast.
It translated into 65 million euros in net income. But fast premium subscriber growth was only one part of the equation, because Spotify also focused heavily on cutting costs recently amid an uncertain economic climate. Its operating expenses fell 13% year over year during Q3, with marketing spending leading the decline -- which makes the company's rapid subscriber additions even more impressive.
Why Spotify stock is a buy now
Spotify expects growth to continue into the end of 2023, and its forecast suggests it will surpass 600 million monthly users for the first time by year-end. Thanks in part to the recent price increases in its premium plans, that user growth is expected to translate into 3.7 billion euros in revenue, representing a 17% increase year over year. That would be a notable acceleration over Spotify's Q3 expansion rate.
Longer term, the company's goal is to reach 1 billion global users by 2030, suggesting there is still plenty of upside to its financials ahead. But Spotify is also working hard to expand the breadth of its product portfolio to increase engagement. When a free user spends more time on the platform, they generate more advertising revenue and they're also more likely to become a paying subscriber to eliminate those ads -- both of those things are a win for the company. And, of course, when Spotify releases new premium-only features, it prompts free users to consider paying.
Spotify is already one of the largest podcast platforms in the world with more than 5 million titles available, but earlier this month, it also launched audiobooks for premium subscribers in the U.K. and Australia. It's still early, but those users have already listened to 28% of the catalog so far, which includes over 150,000 audiobooks spanning genres like fiction, sci-fi, and memoirs.
Spotify is on a strong growth trajectory, and it has a clear product road map that will supplement its long-term ability to acquire and generate paying customers. The company is also likely to be profitable for the foreseeable future, according to management's commentary and projections. Spotify stock has a great chance to continue recovering the ground it lost since reaching its all-time high, and investors might do well to buy it now.
10 stocks we like better than Spotify Technology
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Spotify Technology wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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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. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool recommends Amazon.com, Apple, and Spotify Technology. 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 fast premium subscriber growth was only one part of the equation, because Spotify also focused heavily on cutting costs recently amid an uncertain economic climate. When a free user spends more time on the platform, they generate more advertising revenue and they're also more likely to become a paying subscriber to eliminate those ads -- both of those things are a win for the company. Spotify is on a strong growth trajectory, and it has a clear product road map that will supplement its long-term ability to acquire and generate paying customers.
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All of the major platforms -- including Spotify, Apple Music, and Amazon Music -- offer practically identical content, so they have limited ways to compete with one another. Why Spotify stock is a buy now Spotify expects growth to continue into the end of 2023, and its forecast suggests it will surpass 600 million monthly users for the first time by year-end. Thanks in part to the recent price increases in its premium plans, that user growth is expected to translate into 3.7 billion euros in revenue, representing a 17% increase year over year.
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Spotify delivered its first quarterly profit in 18 months Spotify's users are separated into two classes: premium subscribers who pay a monthly subscription fee, and free users who listen to music with ads. Spotify's revenue came in at 3.4 billion euros ($3.6 billion), an increase of 11% year over year and above the company's estimate. Why Spotify stock is a buy now Spotify expects growth to continue into the end of 2023, and its forecast suggests it will surpass 600 million monthly users for the first time by year-end.
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Spotify delivered its first quarterly profit in 18 months Spotify's users are separated into two classes: premium subscribers who pay a monthly subscription fee, and free users who listen to music with ads. Why Spotify stock is a buy now Spotify expects growth to continue into the end of 2023, and its forecast suggests it will surpass 600 million monthly users for the first time by year-end. Thanks in part to the recent price increases in its premium plans, that user growth is expected to translate into 3.7 billion euros in revenue, representing a 17% increase year over year.
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12919.0
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2023-10-25 00:00:00 UTC
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The Earnings Picture Continues to Improve
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AAPL
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https://www.nasdaq.com/articles/the-earnings-picture-continues-to-improve-0
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nan
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nan
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Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
For the 146 S&P 500 companies that have reported Q3 results, total earnings are up +8.6% from the same period last year on +4.8% higher revenues, with 80.1% beating EPS estimates and 61.6% beating revenue estimates.
The earnings growth for this group of 146 S&P 500 members represents a notable improvement over what we had seen from this group of companies in other recent periods. Still, the revenue growth pace represents a clear decelerating trend.
Looking at Q3 as a whole, total S&P 500 earnings are currently expected to be down -0.3% from the same period last year on +1.0% higher revenues. If companies continue to surprise to the upside, the Q3 earnings growth rate will most likely turn positive in the next few days.
Excluding the drag from the Energy sector, whose earnings are expected to decline -35.5% in Q3, earnings for the other 15 Zacks sectors in the S&P 500 index would be up +4.6% on +3.5% higher revenues.
The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
Alphabet’s cloud revenues were a tad bit on the weak side and represented a modest deceleration from the June quarter’s growth pace. Microsoft not only beat cloud revenue estimates but actually showed the growth trend accelerating.
Investor’s disappointment with the Alphabet report notwithstanding, the search giant showed impressive gains in advertising revenues, with YouTube ad revenues particularly showing momentum. Alphabet’s advertising performance likely offers a useful read-through for Meta META and Amazon AMZN.
In terms of Q3 earnings and revenue results, Microsoft’s earnings increased +27% from the same period last year on +12.8% higher revenues, while the same for Alphabet increased by +41.5% and +11.8%, respectively.
Microsoft and Alphabet are part of the 7 mega-cap stocks, most of which are from the Tech sector. We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN.
Q3 earnings for this group of companies are expected to grow by +40.7% from the same period last year on +11.7% higher revenues.
Image Source: Zacks Investment Research
The ‘Big 7 Tech Players’ are a big contributor to overall index earnings now and going forward. Excluding the earnings contribution from the ‘Big 7’, S&P 500 earnings for the rest of the index would be down -6.3% (down -0.3% otherwise) in Q3.
Beyond these mega-cap stocks, the growth outlook for the Tech sector has notably improved as well. The sector has been operating in a constrained growth environment since 2021 Q4, but this is on track to change starting with the group’s Q3 results, as you can see in the chart below.
Image Source: Zacks Investment Research
Looking at Q3 expectations as a whole, total S&P 500 earnings are expected to be down -0.3% from the same period last year on +1.0% higher revenues.
The chart below shows the overall earnings picture on a quarterly basis.
Image Source: Zacks Investment Research
As you can see from these quarterly earnings-growth expectations, the long-feared recession doesn’t show up in this near-term earnings outlook.
We show below the overall earnings picture for the S&P 500 index on an annual basis.
Image Source: Zacks Investment Research
This big-picture view of corporate profitability doesn’t leave much room for that development either, as shown in the chart above.
Given the emerging consensus on the ‘soft-landing’ outlook for the economy, one can expect this favorable turn in the overall earnings picture to strengthen further as companies report Q3 results and share trends in underlying business.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
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Alphabet Inc. (GOOGL) : Free Stock Analysis Report
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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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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: For the 146 S&P 500 companies that have reported Q3 results, total earnings are up +8.6% from the same period last year on +4.8% higher revenues, with 80.1% beating EPS estimates and 61.6% beating revenue estimates.
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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the drag from the Energy sector, whose earnings are expected to decline -35.5% in Q3, earnings for the other 15 Zacks sectors in the S&P 500 index would be up +4.6% on +3.5% higher revenues.
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12920.0
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2023-10-25 00:00:00 UTC
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Apple (NASDAQ:AAPL): This “Magnificent Seven” Stock is Too Unloved
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AAPL
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https://www.nasdaq.com/articles/apple-nasdaq%3Aaapl%3A-this-magnificent-seven-stock-is-too-unloved
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nan
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nan
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Apple (NASDAQ:AAPL) stock is stuck in the same rut it fell into back in August. Undoubtedly, a plethora of bad news has acted as an overhang on the stock, weighing it down by enough to make it one of the cheapest of the "Magnificent Seven" stocks, at least according to its trailing price-to-earnings (P/E) multiple. Things are looking grim from a macro vantage point, with rates on the 10-year Treasury note creeping higher, but that's not all.
They're also looking quite grim for the latest iPhone 15, with many firms stepping forward, remarking on lackluster sales projections in China. Despite recent negativity, I remain incredibly bullish on Apple stock as the valuation seems modest given the long-term fundamentals, which remain strong.
iPhone 15 Feels the Heat as Chinese Sales Look Sluggish
Apple's iPhone 15 has seen notable, upgrade-worthy updates to its predecessor. That said, overheating concerns were a hot topic (sorry for the pun) that was quick to be raised by early consumers.
Fortunately, Apple was quick to issue a hotfix in its latest iOS update for heat issues that were apparently software-related and not due to "compromises made in the thermal design," as Apple analyst Ming-Chi Kuo previously pointed out.
Even with the heat issues out of the way, the iPhone 15 line is experiencing a slow start in China. This can be attributed to Huawei's advancements and previous reports of the Chinese government advising its staff against using iPhones at work.
In any case, China has since denied any iPhone bans. And with Apple CEO Tim Cook reportedly meeting with the Chinese Commerce Minister, I'd argue there's a good chance that Cook could ease the tensions and help the iPhone 15 have a strong finish in China after a relatively slow start, according to analysts like those at Jefferies.
For now, China concerns seem overblown, and Cook's charm is perhaps discounted. At around 29 times trailing P/E and around 26 times forward P/E, Apple certainly looks to be the value play of the "Magnificent Seven" batch, which has grown more expensive in recent months.
Why Pay a High Multiple for a Slowly-Growing Company?
If we're looking at the rear-view mirror and the immediate road ahead, then sure, Apple stock may struggle to break out to a new high. However, if you consider viewing Apple through a longer-term perspective, I do think the current valuation, which is on the high end even for Apple standards (Apple stock's five-year historical P/E lies at 25.8 times), will prove more than worthwhile.
Though it seems like a long, long time ago that Apple unveiled its Vision Pro spatial computer (or mixed-reality headset, if you prefer), its release is just around the corner. And sales expectations seem modest at best.
The real upside could lie in an unexpected surge in demand after enough Apple fanatics have had a chance to test one out in the Apple Store. When it comes to new tech, especially devices that cost more than $3,000, you really must try before you buy. Early signs suggest those who try the device will be blown away. Not many people have had the privilege of trying the Apple Vision Pro, but many of those who have (think tech reviewers and influencers like Marques Brownlee and iJustine) were impressed.
There's a major difference between being just impressed and forking-out-$3,500-to-buy-the-device-on-the-spot level of impressed. Only time will tell how the Vision Pro fares. At this juncture, however, you'd be hard-pressed to find anybody on Wall Street who believes the device will have a material impact on the stock in the near future.
Yes, it'll take time before Vision Pro has a chance to disrupt. The price tag is a major hurdle for all but the most affluent Apple consumer. Indeed, there were notable groans heard when Apple revealed the pricing of its headset back in June. For now, YouTube tech reviewer Marques Brownlee thinks the Vision Pro is a "rich person's toy" after giving the device a go for 30 minutes.
However, as Apple shrinks the form factor and upgrades the hardware over time, it'll start becoming less of a toy and more of an essential product that a big chunk of Apple's billions of users may consider buying, perhaps within the next three years.
Is AAPL Stock a Buy, According to Analysts?
On TipRanks, AAPL stock comes in as a Moderate Buy. Out of 30 analyst ratings, there are 21 Buys and nine Hold recommendations. The average Apple stock price target is $204.80, implying upside potential of 19.6%. Analyst price targets range from a low of $167.00 per share to a high of $240.00 per share.
The Bottom Line on Apple Stock
For an investor looking to put money to work for the next three years, Apple stock does certainly seem like a great value here, while it's trading at around $171 per share. In three years' time, I believe there's a good chance Apple stock could command an even higher multiple as we gain greater clarity from Vision Pro and its expedition into the virtual world.
Finally, let's not forget about Apple's AI upside potential (Hey, Siri, when's the next big update?) as well as the continued progress of its A and M-series chips.
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 is stuck in the same rut it fell into back in August. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Moderate Buy.
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Apple (NASDAQ:AAPL) stock is stuck in the same rut it fell into back in August. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Moderate Buy.
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Apple (NASDAQ:AAPL) stock is stuck in the same rut it fell into back in August. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Moderate Buy.
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Apple (NASDAQ:AAPL) stock is stuck in the same rut it fell into back in August. Is AAPL Stock a Buy, According to Analysts? On TipRanks, AAPL stock comes in as a Moderate Buy.
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12921.0
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2023-10-25 00:00:00 UTC
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Top Stocks To Buy Now? 2 Tech Stocks For Your Late October 2023 Watchlist
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AAPL
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https://www.nasdaq.com/articles/top-stocks-to-buy-now-2-tech-stocks-for-your-late-october-2023-watchlist
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nan
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nan
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The tech sector stands out as a hub of innovation, drawing investors from all corners of the globe. It includes a broad spectrum of companies, ranging from software to hardware. This sector is vibrant, diverse, and vital to today’s economy. Tech giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have transformed our daily lives. They’ve also created profitable opportunities for investors.
Tech stocks offer both high rewards and notable challenges. The fast evolution of technology and market instability are the main challenges. These stocks can grow significantly, as seen with major industry players. Even startups have become tech powerhouses. However, the sector’s swift nature means companies must consistently innovate. They need to stay current to remain relevant, adding investment risk. This balance of potential gains and risks makes tech stocks an intriguing investment choice. They attract both experienced and novice investors.
Anyone looking to invest in tech stocks should adopt a strong strategy. It is essential to research thoroughly and understand market trends. Be ready for possible market fluctuations. Tech stocks can experience notable price changes. With the right research and a strategic approach, the tech sector offers chances for potential growth and profit. It is a fundamental part of numerous investment portfolios. Considering this, here are two mega-cap tech stocks to watch in the stock market this week.
Tech Stocks To Watch Right Now
Alphabet Inc. (NASDAQ: GOOGL)
Meta Platforms Inc. (NASDAQ: META)
Alphabet Inc. (GOOGL Stock)
To start, Alphabet Inc. (GOOGL) is a global technology company known primarily for its internet-related services and products. Alphabet is the parent company of Google and several former Google subsidiaries. Alphabet’s portfolio encompasses various industries, including technology, life sciences, and investment capital.
This week, Tuesday, Alphabet reported a beat on its third quarter 2023 financial results. Diving in, the company posted Q3 2023 earnings of $1.55 per share, with revenue of $76.69 billion for the quarter. For context, this is compared to analysts’ consensus estimates which were an EPS of $1.45, with revenue of $75.91 billion. Additionally, revenue increased by 11% versus the same period, the previous year.
In the last six months of trading, shares of GOOGL stock have increased by 21.64%. Moreover, during Wednesday’s early afternoon trading session, Alphabet stock is trading lower on the day so far by 8.98% at $126.34 a share.
Source: TD Ameritrade TOS
[Read More] 3 Defense Stocks For Your October 2023 Watchlist
Meta Platforms (META Stock)
Next, Meta Platforms Inc. (META), formerly known as Facebook Inc., is a technology company specializing in social media services and products. In detail, Meta is a global platform connecting billions of users across its suite of apps and services, including Facebook, Instagram, WhatsApp, and Oculus.
Earlier this month, Meta announced the date it will report its most recent third quarter 2023 earnings results. In detail, the company is set to report its Q3 2023 financial results, today Wednesday, October 25, 2023, after the U.S. stock market closes.
Continuing on, in the last six months of trading, shares of META stock are trading higher by 45.73%. Meanwhile, during Wednesday’s afternoon trading session, Meta Platforms stock is trading down on the day thus far by 3.23% at $302.47 a share.
Source: TD Ameritrade TOS
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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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Tech giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have transformed our daily lives. In detail, Meta is a global platform connecting billions of users across its suite of apps and services, including Facebook, Instagram, WhatsApp, and Oculus. In detail, the company is set to report its Q3 2023 financial results, today Wednesday, October 25, 2023, after the U.S. stock market closes.
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Tech giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have transformed our daily lives. Tech Stocks To Watch Right Now Alphabet Inc. (NASDAQ: GOOGL) Meta Platforms Inc. (NASDAQ: META) Alphabet Inc. (GOOGL Stock) To start, Alphabet Inc. (GOOGL) is a global technology company known primarily for its internet-related services and products. Source: TD Ameritrade TOS [Read More] 3 Defense Stocks For Your October 2023 Watchlist Meta Platforms (META Stock) Next, Meta Platforms Inc. (META), formerly known as Facebook Inc., is a technology company specializing in social media services and products.
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Tech giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have transformed our daily lives. Considering this, here are two mega-cap tech stocks to watch in the stock market this week. Tech Stocks To Watch Right Now Alphabet Inc. (NASDAQ: GOOGL) Meta Platforms Inc. (NASDAQ: META) Alphabet Inc. (GOOGL Stock) To start, Alphabet Inc. (GOOGL) is a global technology company known primarily for its internet-related services and products.
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Tech giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have transformed our daily lives. Considering this, here are two mega-cap tech stocks to watch in the stock market this week. Tech Stocks To Watch Right Now Alphabet Inc. (NASDAQ: GOOGL) Meta Platforms Inc. (NASDAQ: META) Alphabet Inc. (GOOGL Stock) To start, Alphabet Inc. (GOOGL) is a global technology company known primarily for its internet-related services and products.
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12922.0
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2023-10-25 00:00:00 UTC
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After Hours Most Active for Oct 25, 2023 : QQQ, META, AAPL, RTX, SIRI, KVUE, TQQQ, RSI, XOM, SNAP, SQQQ, WFC
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-oct-25-2023-%3A-qqq-meta-aapl-rtx-siri-kvue-tqqq-rsi-xom-snap
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The NASDAQ 100 After Hours Indicator is up 2.39 to 14,384.03. The total After hours volume is currently 89,047,336 shares traded.
The following are the most active stocks for the after hours session:
Invesco QQQ Trust, Series 1 (QQQ) is +0.58 at $350.92, with 5,898,414 shares traded. This represents a 35.45% increase from its 52 Week Low.
Meta Platforms, Inc. (META) is +11.72 at $311.25, with 5,333,657 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $3.62. As reported by Zacks, the current mean recommendation for META is in the "buy range".
Apple Inc. (AAPL) is +0.1 at $171.20, with 4,315,063 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
RTX Corporation (RTX) is -0.1619 at $78.25, with 2,634,621 shares traded. RTX's current last sale is 94.85% of the target price of $82.5.
Sirius XM Holdings Inc. (SIRI) is unchanged at $4.36, with 2,629,820 shares traded.SIRI is scheduled to provide an earnings report on 10/31/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.08 per share, which represents a 7 percent increase over the EPS one Year Ago
Kenvue Inc. (KVUE) is -0.14 at $19.59, with 2,381,213 shares traded.KVUE is scheduled to provide an earnings report on 10/26/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.3 per share, which represents a 99,900 percent increase over the EPS one Year Ago
ProShares UltraPro QQQ (TQQQ) is +0.14 at $32.91, with 2,317,829 shares traded. This represents a 104.41% increase from its 52 Week Low.
Rush Street Interactive, Inc. (RSI) is +0.14 at $3.52, with 2,230,889 shares traded.RSI is scheduled to provide an earnings report on 11/1/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is -0.1 per share, which represents a -10 percent increase over the EPS one Year Ago
Exxon Mobil Corporation (XOM) is +0.11 at $108.70, with 2,134,802 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $2.39. XOM is scheduled to provide an earnings report on 10/27/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 2.39 per share, which represents a 445 percent increase over the EPS one Year Ago
Snap Inc. (SNAP) is +0.08 at $9.27, with 2,069,431 shares traded. SNAP's current last sale is 100.22% of the target price of $9.25.
ProShares UltraPro Short QQQ (SQQQ) is -0.1 at $21.70, with 1,987,821 shares traded. This represents a 32.48% increase from its 52 Week Low.
Wells Fargo & Company (WFC) is unchanged at $39.03, with 1,970,970 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $1.24. As reported by Zacks, the current mean recommendation for WFC is in the "buy range".
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 +0.1 at $171.20, with 4,315,063 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Sirius XM Holdings Inc. (SIRI) is unchanged at $4.36, with 2,629,820 shares traded.SIRI is scheduled to provide an earnings report on 10/31/2023, for the fiscal quarter ending Sep2023.
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Apple Inc. (AAPL) is +0.1 at $171.20, with 4,315,063 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 0.08 per share, which represents a 7 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is +0.1 at $171.20, with 4,315,063 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 0.08 per share, which represents a 7 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is +0.1 at $171.20, with 4,315,063 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 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023.
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12923.0
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2023-10-25 00:00:00 UTC
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LG Display flags turnaround after sixth consecutive quarterly loss
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AAPL
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https://www.nasdaq.com/articles/lg-display-flags-turnaround-after-sixth-consecutive-quarterly-loss
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By Joyce Lee and Heekyong Yang
SEOUL, Oct 25 (Reuters) - South Korean flatscreen maker LG Display 034220.KS flagged a return to profit in the current quarter, after posting on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand.
Stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple AAPL.O supplier said.
Shares in LG Display rose 2.1% after the earnings result, gaining ground versus a 0.5% drop in the wider market .KS11.
"We expect to achieve a turnaround in profit in the fourth quarter as excessive panel inventory adjustments are eased in downstream industries," LG Display Chief Financial Officer Sung-hyun Kim said.
Panel shipments for mid- and large-sized organic light-emitting diode (OLED) displays and new mobile devices are also increasing to meet year-end seasonal demand, Kim added.
Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season.
LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.
The result was slightly worse than a forecast loss of 610 billion won from 15 analysts polled by LSEG SmartEstimate, weighted toward analysts who are more consistently accurate.
But the figure narrowed losses from the second quarter's 881 billion won.
Third-quarter revenue fell 29% from a year earlier, to 4.8 trillion won.
Analysts said third-quarter losses were driven by continued sluggish demand for premium OLED TVs and a delay in shipping iPhone screens to Apple due to an assembly issue involving another firm in the supply chain.
The issue has been resolved, and display shipments for Apple's smartphones are on track and likely to help improve profitability in the current quarter, analysts said.
($1=1,347.9600 won)
(Reporting by Joyce Lee and Heekyong Yang; Editing by Clarence Fernandez and Jamie Freed)
((joyce.lee@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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Stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple AAPL.O supplier said. "We expect to achieve a turnaround in profit in the fourth quarter as excessive panel inventory adjustments are eased in downstream industries," LG Display Chief Financial Officer Sung-hyun Kim said. Panel shipments for mid- and large-sized organic light-emitting diode (OLED) displays and new mobile devices are also increasing to meet year-end seasonal demand, Kim added.
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Stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple AAPL.O supplier said. By Joyce Lee and Heekyong Yang SEOUL, Oct 25 (Reuters) - South Korean flatscreen maker LG Display 034220.KS flagged a return to profit in the current quarter, after posting on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand. LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.
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Stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple AAPL.O supplier said. By Joyce Lee and Heekyong Yang SEOUL, Oct 25 (Reuters) - South Korean flatscreen maker LG Display 034220.KS flagged a return to profit in the current quarter, after posting on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season.
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Stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple AAPL.O supplier said. By Joyce Lee and Heekyong Yang SEOUL, Oct 25 (Reuters) - South Korean flatscreen maker LG Display 034220.KS flagged a return to profit in the current quarter, after posting on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season.
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12924.0
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2023-10-25 00:00:00 UTC
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AI-Infused Earnings Propel Arista Networks to Sector Leadership
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AAPL
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https://www.nasdaq.com/articles/ai-infused-earnings-propel-arista-networks-to-sector-leadership
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While tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that line.
If you look at the Arista Networks chart, you’ll see a cup-with-handle base with a buy point north of $198.46.
The stock is up 8.67% in the past three months, and up 53.70% year-to-date.
It’s the leading price performer within the computer networking sub-industry, which is also home to Cisco Systems Inc. (NASDAQ: CSCO), Extreme Networks Inc. (NASDAQ: EXTR) and Juniper Networks Inc. (NYSE: JNPR).
If you look at MarketBeat’s Arista Networks institutional ownership data, you’ll see the reason for that: Buyers have been in the driver’s seat. In the past 12 months, 706 institutional investors accounted for $9.95 billion in total inflows, versus 460 institutional investors accounting for $4.79 billion in outflows.
Outperforming Tech Sector Stocks
With a market capitalization of $59.10 billion, Arista is part of the S&P 500, tracked within the Technology Select Sector SPDR Fund (NYSEARCA: XLK). Arista is outperforming S&P technology stocks on a three-month and year-to-date basis.
Arista Networks is a prominent company in the computer networking industry, mainly known for its high-performance cloud networking solutions.
The company specializes in hardware, software, and network management tools for data centers and cloud computing environments. Its core offerings include Ethernet switches and routing platforms.
Arista Networks integrates AI-driven technologies into its networking products. These help customers automate network functions, improve security, implement predictive analytics, and conduct other data optimization tasks.
Increasingly, those are functions that data centers and cloud services require.
Network Identity Service Aimed at Healthcare
Those functional tasks are performed in a range of industries.
For example, in April, the company rolled out its AI-driven network identity service for enterprise security and IT operations. The company specifically cited the healthcare industry as a potential user base.
Arista’s earnings growth has ranged from 21% to 72% in the past eight quarters and came in at 46% most recently. You can track that growth trajectory using MarketBeat’s Arista Networks earnings data.
Revenue grew between 24% and 57% during that time. Its three-year revenue growth rate is 35%, while its three-year earnings growth rate is 39%.
AI has been the clear driver of performance for stocks like Nvidia, Alphabet and Microsoft Corp. (NASDAQ: MSFT), which has a large stake in ChatGPT. For cloud computing stocks like Arista, the connection hasn’t been as well publicized, but it’s very much a core driver.
Use Caution Ahead of Earnings
Anyone considering purchasing shares of Arista while it’s forming a potentially bullish base should consider: The company reports earnings on October 30 after the market’s close.
That means it’s wise to hold off. Even if the company issues a much-better-than-expected report and the stock takes off, that’s generally a signal that more gains are ahead. You usually don’t want to chase a stock higher, but buying a stock on a post-earnings rally is justified when strong performance signals investor confidence and growth potential.
Those big increases aren’t mom-and-pop investors adding a few shares; it’s institutional investors buying huge numbers of shares. That’s an additional reason investors should wait and see what happens after an earnings report, rather than potentially being swept away if the company surprises to the downside.
Analysts expect the company to earn $1.58 per share on revenue of $1.48 billion, which would be year-over-year increases.
Listen to the Whispers
However, Arista’s earnings data show the company has a long history of beating both top and bottom-line views. That means it’s a pretty good guess that it’s poised to do the same.
Analysts’ “whisper number” of $1.64 per share for the company’s earnings. A whisper number is an unofficial, often unpublished earnings estimate or projection used by some investors to anticipate a company's performance. It can be either higher or lower than the official Wall Street estimate.
In the context of a consistent history of beating Wall Street views, the higher whisper number is something to watch.
The article "AI-Infused Earnings Propel Arista Networks to Sector Leadership" originally appeared on MarketBeat.
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 tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that line. These help customers automate network functions, improve security, implement predictive analytics, and conduct other data optimization tasks. AI has been the clear driver of performance for stocks like Nvidia, Alphabet and Microsoft Corp. (NASDAQ: MSFT), which has a large stake in ChatGPT.
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While tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that line. Its three-year revenue growth rate is 35%, while its three-year earnings growth rate is 39%. In the context of a consistent history of beating Wall Street views, the higher whisper number is something to watch.
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While tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that line. It’s the leading price performer within the computer networking sub-industry, which is also home to Cisco Systems Inc. (NASDAQ: CSCO), Extreme Networks Inc. (NASDAQ: EXTR) and Juniper Networks Inc. (NYSE: JNPR). Arista Networks is a prominent company in the computer networking industry, mainly known for its high-performance cloud networking solutions.
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While tech titans Nvidia Corp. (NASDAQ: NVDA) and Apple Inc. (NASDAQ: AAPL) languish below their 50-day moving averages, cloud networking software maker Arista Networks Inc. (NYSE: ANET) joins Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) as tech titans holding above that line. If you look at MarketBeat’s Arista Networks institutional ownership data, you’ll see the reason for that: Buyers have been in the driver’s seat. You can track that growth trajectory using MarketBeat’s Arista Networks earnings data.
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12925.0
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2023-10-25 00:00:00 UTC
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The Earnings Picture Continues to Improve
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AAPL
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https://www.nasdaq.com/articles/the-earnings-picture-continues-to-improve
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Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
For the 146 S&P 500 companies that have reported Q3 results, total earnings are up +8.6% from the same period last year on +4.8% higher revenues, with 80.1% beating EPS estimates and 61.6% beating revenue estimates.
The earnings growth for this group of 146 S&P 500 members represents a notable improvement over what we had seen from this group of companies in other recent periods. Still, the revenue growth pace represents a clear decelerating trend.
Looking at Q3 as a whole, total S&P 500 earnings are currently expected to be down -0.3% from the same period last year on +1.0% higher revenues. If companies continue to surprise to the upside, the Q3 earnings growth rate will most likely turn positive in the next few days.
Excluding the drag from the Energy sector, whose earnings are expected to decline -35.5% in Q3, earnings for the other 15 Zacks sectors in the S&P 500 index would be up +4.6% on +3.5% higher revenues.
The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
Alphabet’s cloud revenues were a tad bit on the weak side and represented a modest deceleration from the June quarter’s growth pace. Microsoft not only beat cloud revenue estimates but actually showed the growth trend accelerating.
Investor’s disappointment with the Alphabet report notwithstanding, the search giant showed impressive gains in advertising revenues, with YouTube ad revenues particularly showing momentum. Alphabet’s advertising performance likely offers a useful read-through for Meta META and Amazon AMZN.
In terms of Q3 earnings and revenue results, Microsoft’s earnings increased +27% from the same period last year on +12.8% higher revenues, while the same for Alphabet increased by +41.5% and +11.8%, respectively.
Microsoft and Alphabet are part of the 7 mega-cap stocks, most of which are from the Tech sector. We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN.
Q3 earnings for this group of companies are expected to grow by +40.7% from the same period last year on +11.7% higher revenues.
Image Source: Zacks Investment Research
The ‘Big 7 Tech Players’ are a big contributor to overall index earnings now and going forward. Excluding the earnings contribution from the ‘Big 7’, S&P 500 earnings for the rest of the index would be down -6.3% (down -0.3% otherwise) in Q3.
Beyond these mega-cap stocks, the growth outlook for the Tech sector has notably improved as well. The sector has been operating in a constrained growth environment since 2021 Q4, but this is on track to change starting with the group’s Q3 results, as you can see in the chart below.
Image Source: Zacks Investment Research
Looking at Q3 expectations as a whole, total S&P 500 earnings are expected to be down -0.3% from the same period last year on +1.0% higher revenues.
The chart below shows the overall earnings picture on a quarterly basis.
Image Source: Zacks Investment Research
As you can see from these quarterly earnings-growth expectations, the long-feared recession doesn’t show up in this near-term earnings outlook.
We show below the overall earnings picture for the S&P 500 index on an annual basis.
Image Source: Zacks Investment Research
This big-picture view of corporate profitability doesn’t leave much room for that development either, as shown in the chart above.
Given the emerging consensus on the ‘soft-landing’ outlook for the economy, one can expect this favorable turn in the overall earnings picture to strengthen further as companies report Q3 results and share trends in underlying business.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : 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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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The market’s contrasting reactions to the otherwise strong results from Microsoft MSFT and Alphabet GOOGL primarily reflected growth trends in the two companies’ cloud operations.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: For the 146 S&P 500 companies that have reported Q3 results, total earnings are up +8.6% from the same period last year on +4.8% higher revenues, with 80.1% beating EPS estimates and 61.6% beating revenue estimates.
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We call this group the ‘Big 7 Tech Players’, which, besides Microsoft and Alphabet, includes Apple AAPL, Nvidia NVDA, Tesla TSLA, Meta META, and Amazon AMZN. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the drag from the Energy sector, whose earnings are expected to decline -35.5% in Q3, earnings for the other 15 Zacks sectors in the S&P 500 index would be up +4.6% on +3.5% higher revenues.
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12926.0
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2023-10-25 00:00:00 UTC
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Strong showing by Alphabet, Meta signal ad market rebound underway
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AAPL
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https://www.nasdaq.com/articles/strong-showing-by-alphabet-meta-signal-ad-market-rebound-underway
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By Samrhitha A and Aditya Soni
Oct 25 (Reuters) - A rebound in the advertising businesses of Google, Meta META.O and Snap SNAP.N signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy.
The three companies surpassed quarterly revenue expectations this week and each posted positive metrics for their ad businesses.
"AI is helping advertisers find as many people as possible and their ideal audience for the lowest possible price," said Philipp Schindler, chief business officer at Alphabet's GOOGL.O Google.
The company has been doubling down on the technology with tools such as Performance Max, which uses AI to decide how marketing budgets should be distributed across Google's ad network.
Schindler said that the retail segment was particularly strong during the July-September period. He said the company had "started prepping retailers for what will be a long holiday season" to help them deliver deals to consumers who increasingly cared about price and convenience.
Alphabet posted a 9.5% bump in ad revenue in the July-September quarter, ahead of Wall Street estimates. Its YouTube ads business witnessed a 12% jump in growth.
Meta, which said its ads viewed in the quarter increased by 31% from a year earlier, indicated plans to invest heavily in AI next year. The company's average price per ad decreased by 6%, but the pace of the fall was the slowest in seven quarters.
The Facebook and Instagram owner has leaned heavily on AI-powered marketing planning and ad measurement features in recent years to drive its growth, prompted by privacy changes led by Apple AAPL.O that crimped its ability to use personal data to target ads.
It is now rolling out tools that use generative AI to create different variations of ad campaigns.
"Facebook/Instagram's tools for creating a (marketing) campaign are vastly quicker and easier to use" than those from smaller rivals including Snap, RBC analysts said, which could give Meta an edge.
Snap's efforts to revamp its ad-targeting tools with technology also paid rich dividends, as average revenue per user increased in the third quarter.
The results suggest the ad market rebound remains on track, analysts said, led by spending from retail companies. They pointed to Google and Meta as the biggest potential beneficiaries.
"We expect the larger platforms like Meta and Google to lead the wallet share growth at least initially in this ad spend recovery," analysts at Evercore ISI said.
The companies are seen as more resilient to uncertainty fueled by geopolitical turmoil such as the conflict in Middle East as their wider reach helps attract a steady stream of advertisers.
Still, Meta Chief Financial Officer Susan Li said on Wednesday that the company had detected "softness" in ad spending at the start of the fourth quarter that appeared to be related to the Israel-Gaza conflict.
Last month, media research and investment firm Magna raised its forecast for U.S. ad spending growth to 5.2%, from 4.2%, for calendar 2023. It expects digital ad sales to rise 9.6% in the period.
(Reporting by Samrhitha Arunasalam, Aditya Soni and Yuvraj Malik in Bengaluru, and Katie Paul in New York; Editing by Sriraj Kalluvila, Sayantani Ghosh and Muralikumar Anantharaman)
((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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The Facebook and Instagram owner has leaned heavily on AI-powered marketing planning and ad measurement features in recent years to drive its growth, prompted by privacy changes led by Apple AAPL.O that crimped its ability to use personal data to target ads. By Samrhitha A and Aditya Soni Oct 25 (Reuters) - A rebound in the advertising businesses of Google, Meta META.O and Snap SNAP.N signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy. "Facebook/Instagram's tools for creating a (marketing) campaign are vastly quicker and easier to use" than those from smaller rivals including Snap, RBC analysts said, which could give Meta an edge.
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The Facebook and Instagram owner has leaned heavily on AI-powered marketing planning and ad measurement features in recent years to drive its growth, prompted by privacy changes led by Apple AAPL.O that crimped its ability to use personal data to target ads. "AI is helping advertisers find as many people as possible and their ideal audience for the lowest possible price," said Philipp Schindler, chief business officer at Alphabet's GOOGL.O Google. Meta, which said its ads viewed in the quarter increased by 31% from a year earlier, indicated plans to invest heavily in AI next year.
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The Facebook and Instagram owner has leaned heavily on AI-powered marketing planning and ad measurement features in recent years to drive its growth, prompted by privacy changes led by Apple AAPL.O that crimped its ability to use personal data to target ads. Meta, which said its ads viewed in the quarter increased by 31% from a year earlier, indicated plans to invest heavily in AI next year. Still, Meta Chief Financial Officer Susan Li said on Wednesday that the company had detected "softness" in ad spending at the start of the fourth quarter that appeared to be related to the Israel-Gaza conflict.
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The Facebook and Instagram owner has leaned heavily on AI-powered marketing planning and ad measurement features in recent years to drive its growth, prompted by privacy changes led by Apple AAPL.O that crimped its ability to use personal data to target ads. By Samrhitha A and Aditya Soni Oct 25 (Reuters) - A rebound in the advertising businesses of Google, Meta META.O and Snap SNAP.N signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy. It is now rolling out tools that use generative AI to create different variations of ad campaigns.
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12927.0
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2023-10-25 00:00:00 UTC
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INSIGHT-China rushes to swap Western tech with domestic options as U.S. cracks down
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https://www.nasdaq.com/articles/insight-china-rushes-to-swap-western-tech-with-domestic-options-as-u.s.-cracks-down
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Beijing has increased spending on domestic tech since late 2022
Telecoms and banks likely next to be pushed to use more Chinese products
Replacing Western tech due to geopolitics and cyberattack fears
Foreign firms still dominant in banking-related software
BEIJING, Oct 26 (Reuters) - China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.
Reuters is reporting for the first time details of tenders from the government, military and state-linked entities, which show an acceleration in domestic substitution since last year.
China has spent heavily on replacing computer equipment, and the telecom and financial sectors are probably the next target, said two people familiar with the industries. State-backed researchers also identified digital payments as particularly vulnerable to possible Western hacking, according to a review of their work, making a push to indigenize such technology likely.
The number of tenders from state-owned enterprises (SOEs), government and military bodies to nationalize equipment doubled to 235 from 119 in the 12 months after September 2022, according to a finance ministry database seen by Reuters.
In the same period, the value of awarded projects listed on the database totaled 156.9 million yuan, or more than triple the previous year.
While the database represents only a fraction of tender bids nationwide, it is the largest collection of state tenders publicly available and mirrors third-party data. China spent 1.4 trillion yuan ($191 billion) replacing foreign hardware and software in 2022, marking a year-on-year increase of 16.2%, according to IT research firm First New Voice.
But Beijing's lack of advanced chip-manufacturing capabilities prevents it from completely substituting products with alternatives that are entirely locally made, analysts say.
Previous domestic substitution efforts stalled because China did not have the "technical chops to pull off localization until now, and to a certain extent they still kind of don't," said Kendra Schaefer, head of tech policy research at Beijing-based consultancy Trivium China.
FEAR OF DEPENDENCE
SOEs were instructed last year to replace office software systems with domestic products by 2027, the first time such specific deadlines were imposed, according to five brokerage firms that cited a September 2022 order from China's state asset regulator. Reuters could not independently verify the order.
Domestic replacement projects this year have targeted markedly sensitive infrastructure, the tenders show.
One partially redacted tender for a "certain government department in Gansu province" assigned 4.4 million yuan to replace an intelligence-gathering system's equipment, without providing specifics.
People's Liberation Army units in the northeastern city of Harbin and Xiamen in the south last December meanwhile issued tenders to replace foreign-made computers.
Tech researchers such as Mo Jianlei of the Chinese Academy of Sciences, the country's largest state-run research organization, said the Chinese government was increasingly concerned about Western equipment being hacked by foreign powers.
The state asset regulator did not return a request for comment.
Over the past year, state-linked researchers also called on Beijing to strengthen anti-hacking defences in its financial infrastructure due to geopolitical concerns.
One March research paper highlighted the dependence of China's UnionPay credit card system on U.S software firm BMC for settlements.
"Beware of security vulnerabilities in hardware and software set by the U.S. side ... build a financial security 'firewall'," the researchers wrote.
BMC declined to comment.
An article published this year in the journal Cyberspace Security by researchers from the state-run China Telecommunications Corporation concluded the country was overdependent on chips made by U.S. giant Qualcomm QCOM.O for back-end management, as well as on the iOS and Android systems.
"(They) are all firmly controlled by American companies," the researchers wrote.
As China has not signed World Trade Organization clauses governing public procurement, the substitution effort does not appear to violate international accords, according to the U.S. Treasury. The U.S. has implemented similar rules barring Chinese companies from public sector bids.
Qualcomm, Google GOOGL.O and Apple AAPL.O did not immediately return requests for comment.
WINNERS AND LOSERS
China's effort to build an independent computing system dates back to at least its 2006 five-year plan for science and technology development, which listed the semiconductor and software systems sectors as national priorities.
This effort spawned state-owned companies that are increasingly winning major contracts. Two firms awarded the Harbin tenders were subsidiaries of China Electronics Corporation and China Electronics Technology Group Corporation - both heavily targeted by U.S. sanctions.
The state regulator's 2022 order pushed SOEs away from U.S. companies such as Microsoft MSFT.O and Adobe ADBE.O, according to an employee of a Beijing-based firm that develops domestic office-processing software
China Tobacco, for example, in July began switching some subsidiaries from Microsoft Windows to Huawei's EulerOS, according to an employee of a software vendor that services the state-owned manufacturer.
The people spoke on condition of anonymity because they were not authorized to discuss clients and competitors.
For years, Western tech companies have shared their source code and entered into partnerships with domestic firms to address Beijing's concerns, but prominent computer scientists such as Ni Guangnan of the Chinese Academy of Engineering have said such measures are not sufficient for China's security needs.
China Tobacco, Microsoft and Adobe did not respond to requests for comment.
In September, Reuters and other outlets reported that some employees of central government agencies were banned from using iPhones at work.
"In certain sectors, customers ... are opting for domestic suppliers, with foreign suppliers frequently facing informal barriers," the European Union Chamber of Commerce in Beijing said in response to Reuters questions.
In a 2023 American Chamber of Commerce (AmCham) in Shanghai report, 89% of the organization's tech business members named procurement practices favoring domestic competitors as a regulatory obstacle. It was the highest percentage of any sector.
AmCham Shanghai President Eric Zheng acknowledged China's national security concerns but said he hoped "normal procurement procedures will not be politicized so that US companies can compete fairly and pursue commercial opportunities ... to benefit both countries."
The U.S. Department of Commerce, China Electronics Corporation and China Electronics Technology Group Corporation did not return requests for comment.
HUAWEI PRIZED
Chinese tech conglomerate Huawei has emerged as the leading firm in this replacement cycle, according to three people familiar with China's enterprise tech industry, who spoke on condition of anonymity given the sensitivity of the issue.
In 2022, Huawei's enterprise business, which includes software and cloud computing operations, reported 133 billion yuan in sales, up 30% on the previous year.
One of the people said privately-held Huawei was seen as more nimble than state-owned groups in rolling out products and executing projects.
The other two sources highlighted Huawei's broad product suite - spanning chips to software - as an advantage.
Clients also prize Huawei for its ability to process data on internal company servers and external cloud networks, as well as its wide offering of cybersecurity products, according to the employee of a China Tobacco tech supplier.
Huawei declined to comment.
The replacement drive has re-drawn entire sub-sectors of the software industry. The combined China market share held by five major foreign makers of database management systems – the majority of which are American - dropped from 57.3% in 2018 to 27.3% by the end of 2022, according to industry group IDC.
Despite heavy spending on domestic substitution, however, foreign firms are still dominant suppliers for banking and telecoms database management. Non-Chinese companies held 90% of market share for banking database systems at the end of 2022, according to EqualOcean, a tech consultancy.
Financial institutions are generally reluctant to switch database systems despite government pressure, said one of the industry sources, adding that they have higher stability requirements than many other sectors and local players cannot yet match their needs.
Even for personal computers, banks that switch from an international brand to China's dominant supplier Lenovo 0992.HK would still be reliant on critical chip components provided by Western firms, one of the industry sources said.
($1 = 7.3165 Chinese yuan)
(Reporting by Beijing newsroom; Editing by Brenda Goh and Katerina Ang)
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, Google GOOGL.O and Apple AAPL.O did not immediately return requests for comment. SOEs were instructed last year to replace office software systems with domestic products by 2027, the first time such specific deadlines were imposed, according to five brokerage firms that cited a September 2022 order from China's state asset regulator. For years, Western tech companies have shared their source code and entered into partnerships with domestic firms to address Beijing's concerns, but prominent computer scientists such as Ni Guangnan of the Chinese Academy of Engineering have said such measures are not sufficient for China's security needs.
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Qualcomm, Google GOOGL.O and Apple AAPL.O did not immediately return requests for comment. Beijing has increased spending on domestic tech since late 2022 Telecoms and banks likely next to be pushed to use more Chinese products Replacing Western tech due to geopolitics and cyberattack fears Foreign firms still dominant in banking-related software BEIJING, Oct 26 (Reuters) - China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. Tech researchers such as Mo Jianlei of the Chinese Academy of Sciences, the country's largest state-run research organization, said the Chinese government was increasingly concerned about Western equipment being hacked by foreign powers.
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Qualcomm, Google GOOGL.O and Apple AAPL.O did not immediately return requests for comment. Beijing has increased spending on domestic tech since late 2022 Telecoms and banks likely next to be pushed to use more Chinese products Replacing Western tech due to geopolitics and cyberattack fears Foreign firms still dominant in banking-related software BEIJING, Oct 26 (Reuters) - China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. The state regulator's 2022 order pushed SOEs away from U.S. companies such as Microsoft MSFT.O and Adobe ADBE.O, according to an employee of a Beijing-based firm that develops domestic office-processing software China Tobacco, for example, in July began switching some subsidiaries from Microsoft Windows to Huawei's EulerOS, according to an employee of a software vendor that services the state-owned manufacturer.
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Qualcomm, Google GOOGL.O and Apple AAPL.O did not immediately return requests for comment. Beijing has increased spending on domestic tech since late 2022 Telecoms and banks likely next to be pushed to use more Chinese products Replacing Western tech due to geopolitics and cyberattack fears Foreign firms still dominant in banking-related software BEIJING, Oct 26 (Reuters) - China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. China has spent heavily on replacing computer equipment, and the telecom and financial sectors are probably the next target, said two people familiar with the industries.
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12928.0
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2023-10-25 00:00:00 UTC
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Huawei's China smartphone sales surge in Q3 as Apple declines - research firms
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https://www.nasdaq.com/articles/huaweis-china-smartphone-sales-surge-in-q3-as-apple-declines-research-firms
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By Yelin Mo and Brenda Goh
BEIJING, Oct 26 (Reuters) - Huawei's HWT.UL China smartphone sales grew strongly in the third quarter as shoppers snapped up its Mate 60 series phones, two research firms said on Thursday, with one noting this was helping narrow the market share gap with top brands such as Apple AAPL.O.
Counterpoint said Huawei recorded a 37% year-on-year increase in smartphone sales in the quarter thanks to the Mate 60 launch, while Canalys noted its market share continued growing and it was narrowing the gap with leading rivals.
The findings mark a comeback for Huawei, whose smartphone business was hard hit by U.S. export controls imposed against the company since 2019.
Its Mate 60 Pro phone, in particular, grabbed global attention after its launch in August as it was found to be using a domestically made advanced chip that for more analysts and users symbolized how the company had overcome U.S. sanctions.
"If Huawei's new Kirin chips are expanded to mid-range and low-end product lines in the future, it will have the potential to further disrupt the competition among top brands in the market," said Canalys analyst Lucas Zhong.
Counterpoint said its research found Huawei had grabbed the position of sixth-largest smartphone brand in China during the quarter with a share of 12.9%, up from 9.1% from the same period a year ago.
It also found that overall smartphone sales in China fell 3% in the quarter compared with the same period last year, extending a declining trend as the economy slows and cost-conscious consumers delay phone upgrades.
Canalys noted that the top five smartphone brands in China all experienced declining or flat sales compared to last year. Vivo had experienced the steepest drop at 26%, followed by Oppo with a 10% decrease, Apple AAPL.O with a 6% decline and Honor with a 1% dip. Xiaomi 1810.HK was flat year-over-year.
Honor took first place with shipments of 11.8 million units and an 18% market share, according to Canalys. Oppo and Apple tied for second place, both with 16% shares.
Apple maintained its high ranking partly thanks to the launch of its iPhone 15 series in China on Sept. 22, it said.
Counterpoint said earlier this month that Huawei sold an estimated 1.6 million units of its Mate 60 series within the first six weeks of its launch.
Sales of Apple's iPhone 15, however, underperformed early sales of the iPhone 14, Counterpoint also said.
(Reporting by Yelin Mo, Liz Lee in Beijing and Brenda Goh in Shanghai; Editing by Jamie Freed and Muralikumar Anantharaman)
((liz.lee@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, Oct 26 (Reuters) - Huawei's HWT.UL China smartphone sales grew strongly in the third quarter as shoppers snapped up its Mate 60 series phones, two research firms said on Thursday, with one noting this was helping narrow the market share gap with top brands such as Apple AAPL.O. Vivo had experienced the steepest drop at 26%, followed by Oppo with a 10% decrease, Apple AAPL.O with a 6% decline and Honor with a 1% dip. Counterpoint said Huawei recorded a 37% year-on-year increase in smartphone sales in the quarter thanks to the Mate 60 launch, while Canalys noted its market share continued growing and it was narrowing the gap with leading rivals.
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By Yelin Mo and Brenda Goh BEIJING, Oct 26 (Reuters) - Huawei's HWT.UL China smartphone sales grew strongly in the third quarter as shoppers snapped up its Mate 60 series phones, two research firms said on Thursday, with one noting this was helping narrow the market share gap with top brands such as Apple AAPL.O. Vivo had experienced the steepest drop at 26%, followed by Oppo with a 10% decrease, Apple AAPL.O with a 6% decline and Honor with a 1% dip. Counterpoint said Huawei recorded a 37% year-on-year increase in smartphone sales in the quarter thanks to the Mate 60 launch, while Canalys noted its market share continued growing and it was narrowing the gap with leading rivals.
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By Yelin Mo and Brenda Goh BEIJING, Oct 26 (Reuters) - Huawei's HWT.UL China smartphone sales grew strongly in the third quarter as shoppers snapped up its Mate 60 series phones, two research firms said on Thursday, with one noting this was helping narrow the market share gap with top brands such as Apple AAPL.O. Vivo had experienced the steepest drop at 26%, followed by Oppo with a 10% decrease, Apple AAPL.O with a 6% decline and Honor with a 1% dip. Counterpoint said Huawei recorded a 37% year-on-year increase in smartphone sales in the quarter thanks to the Mate 60 launch, while Canalys noted its market share continued growing and it was narrowing the gap with leading rivals.
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By Yelin Mo and Brenda Goh BEIJING, Oct 26 (Reuters) - Huawei's HWT.UL China smartphone sales grew strongly in the third quarter as shoppers snapped up its Mate 60 series phones, two research firms said on Thursday, with one noting this was helping narrow the market share gap with top brands such as Apple AAPL.O. Vivo had experienced the steepest drop at 26%, followed by Oppo with a 10% decrease, Apple AAPL.O with a 6% decline and Honor with a 1% dip. Counterpoint said Huawei recorded a 37% year-on-year increase in smartphone sales in the quarter thanks to the Mate 60 launch, while Canalys noted its market share continued growing and it was narrowing the gap with leading rivals.
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12929.0
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2023-10-25 00:00:00 UTC
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With Expectations Low For Q4, Will Qualcomm Spring A Surprise?
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https://www.nasdaq.com/articles/with-expectations-low-for-q4-will-qualcomm-spring-a-surprise
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Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q4 FY’23 results on November 1, reporting on a quarter that is likely to see the company’s revenue contract meaningfully year-over-year, on account of a slowdown in smartphone and tablet sales. We expect revenue for the quarter to come in at about $8.04 billion, marking a decline of about 29% versus last year, and roughly in line with the consensus estimates. We project that earnings will come in at about $1.81 per share, slightly ahead of consensus estimates. See our analysis of Qualcomm Earnings Preview for a closer look at what to expect when the company reports earnings.
Amid the current financial backdrop and a lackluster smartphone market, QCOM stock has faced a notable decline of 25% from levels of $150 in early January 2021 to around $110 now, vs. an increase of about 10% for the S&P 500 over this roughly 3-year period. Notably, QCOM stock has underperformed the broader market in each of the last three years. Returns for the stock were 20% in 2021, -40% in 2022, and -1% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 10% in 2023 (YTD) – indicating that QCOM underperformed the S&P in 2021, 2022 and 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector including AAPL, MSFT, and NVDA, 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 QCOM face a similar situation as it did in 2021, 2022 and 2023 and underperform the S&P over the next 12 months – or will it see a recovery?
The smartphone market has been cooling off of late as the tailwinds seen through the Covid-19 pandemic ease and also as economic uncertainty weighs on consumer spending. This is impacting Qualcomm’s CDMA Technologies (QCT) segment, which supplies application processors, modems, and software for technologies for mobile devices, networking equipment, and consumer electronics. Over Q3 FY’23, chip sales to the handset space declined by about 24% to $5.25 billion. Qualcomm is also likely to see its technology licensing business cool off, with the company guiding sales of between $1.15 billion to $1.35 billion, down from $1.44 billion in the year-ago quarter. That said, there could be a couple of bright spots for the company. For example, the automotive business should continue to gain some traction as semiconductors play a much bigger role in the transportation industry as trends such as electrification and autonomous driving gather pace. Over Q3, Qualcomm’s chip sales to the automotive space rose 13% year-over-year to $434 million.
We remain positive on Qualcomm stock despite the current headwinds, with a $133 price estimate which is about 22% ahead of the current market price. See our analysis of Qualcomm Valuation: Expensive Or Cheap? for more details on what’s driving our price estimate for Qualcomm. Qualcomm trades at just about 14x consensus 2023 earnings, which is a reasonable valuation. While this is partly due to the fact that revenues and earnings are projected to decline this year, the markets project that sales will recover in FY’24. Moreover, last quarter, Qualcomm announced it had extended an agreement with Apple to supply modem chips to the iPhone maker until 2026. The development is very positive for QCOM, given that Apple was expected to use an internally developed 5G modem chipset starting in 2024.
Returns Oct 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
QCOM Return -2% -1% 67%
S&P 500 Return -2% 10% 88%
Trefis Reinforced Value Portfolio -3% 19% 514%
[1] Month-to-date and year-to-date as of 10/24/2023
[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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In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q4 FY’23 results on November 1, reporting on a quarter that is likely to see the company’s revenue contract meaningfully year-over-year, on account of a slowdown in smartphone and tablet sales. Amid the current financial backdrop and a lackluster smartphone market, QCOM stock has faced a notable decline of 25% from levels of $150 in early January 2021 to around $110 now, vs. an increase of about 10% for the S&P 500 over this roughly 3-year period.
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In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. Amid the current financial backdrop and a lackluster smartphone market, QCOM stock has faced a notable decline of 25% from levels of $150 in early January 2021 to around $110 now, vs. an increase of about 10% for the S&P 500 over this roughly 3-year period. While this is partly due to the fact that revenues and earnings are projected to decline this year, the markets project that sales will recover in FY’24.
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In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q4 FY’23 results on November 1, reporting on a quarter that is likely to see the company’s revenue contract meaningfully year-over-year, on account of a slowdown in smartphone and tablet sales. We remain positive on Qualcomm stock despite the current headwinds, with a $133 price estimate which is about 22% ahead of the current market price.
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In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q4 FY’23 results on November 1, reporting on a quarter that is likely to see the company’s revenue contract meaningfully year-over-year, on account of a slowdown in smartphone and tablet sales. We expect revenue for the quarter to come in at about $8.04 billion, marking a decline of about 29% versus last year, and roughly in line with the consensus estimates.
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12930.0
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2023-10-25 00:00:00 UTC
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Should Invesco FTSE RAFI US 1000 ETF (PRF) Be on Your Investing Radar?
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https://www.nasdaq.com/articles/should-invesco-ftse-rafi-us-1000-etf-prf-be-on-your-investing-radar-9
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Launched on 12/19/2005, the Invesco FTSE RAFI US 1000 ETF (PRF) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
The fund is sponsored by Invesco. It has amassed assets over $5.79 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
Why Large Cap Value
Large cap companies usually have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
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 0.39%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 2.02%.
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 Financials sector--about 19.20% of the portfolio. Information Technology and Healthcare round out the top three.
Looking at individual holdings, Berkshire Hathaway Inc (BRK/B) accounts for about 2.93% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT).
The top 10 holdings account for about 19.26% of total assets under management.
Performance and Risk
PRF seeks to match the performance of the FTSE RAFI US 1000 Index before fees and expenses. The FTSE RAFI US 1000 Index is designed to track the performance of the largest U.S. equities, selected based on the following four fundamental measures of firm size: book value, income, sales and dividends. U.S. equities are then weighted by each of these four fundamental measures.An overall weight is calculated for each firm by equally-weighting each fundamental measure.
The ETF has added about 1.99% so far this year and is up roughly 6.21% in the last one year (as of 10/25/2023). In the past 52-week period, it has traded between $29.89 and $33.99.
The ETF has a beta of 1 and standard deviation of 16.56% for the trailing three-year period, making it a medium risk choice in the space. With about 1012 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco FTSE RAFI US 1000 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, PRF is a great option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard High Dividend Yield ETF (VYM) and the Vanguard Value ETF (VTV) track a similar index. While Vanguard High Dividend Yield ETF has $46.86 billion in assets, Vanguard Value ETF has $96.01 billion. VYM has an expense ratio of 0.06% and VTV charges 0.04%.
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 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
Invesco FTSE RAFI US 1000 ETF (PRF): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
Vanguard High Dividend Yield ETF (VYM): 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, Berkshire Hathaway Inc (BRK/B) accounts for about 2.93% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Click to get this free report Invesco FTSE RAFI US 1000 ETF (PRF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Launched on 12/19/2005, the Invesco FTSE RAFI US 1000 ETF (PRF) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
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Click to get this free report Invesco FTSE RAFI US 1000 ETF (PRF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Berkshire Hathaway Inc (BRK/B) accounts for about 2.93% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Launched on 12/19/2005, the Invesco FTSE RAFI US 1000 ETF (PRF) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
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Click to get this free report Invesco FTSE RAFI US 1000 ETF (PRF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Berkshire Hathaway Inc (BRK/B) accounts for about 2.93% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Alternatives Invesco FTSE RAFI US 1000 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, Berkshire Hathaway Inc (BRK/B) accounts for about 2.93% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Click to get this free report Invesco FTSE RAFI US 1000 ETF (PRF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Launched on 12/19/2005, the Invesco FTSE RAFI US 1000 ETF (PRF) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
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12931.0
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2023-10-25 00:00:00 UTC
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US STOCKS-S&P 500, Nasdaq poised for lower open as Alphabet slides
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AAPL
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https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-poised-for-lower-open-as-alphabet-slides
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nan
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By Ankika Biswas and Shashwat Chauhan
Oct 25 (Reuters) - The Nasdaq and the S&P 500 were set to open lower on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields.
Google-parent AlphabetGOOGL.O slid 5.9% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters.
MicrosoftMSFT.O, on the other hand, rose 4.6% after topping expectations for first-quarter results in all segments, including its cloud business.
"Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence," David Morrison, senior market analyst at Trade Nation, said.
However, a rise in long-dated U.S. Treasury yields also weighed on other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively.
Even after cutting its 737 delivery forecast for this year, BoeingBA.N advanced 3.2% on sticking to its goal of generating $3 billion to $5 billion in free cash flow and beating third-quarter revenue estimates.
Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast, while defense contractor General DynamicsGD.N rose 2.9% after reporting a jump in third-quarter revenue.
Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Quarterly earnings are expected to grow 1.7% year-on-year.
Meanwhile, Israel's military intensified its bombing of southern Gaza overnight amid international calls for a pause in fighting to let aid into the enclave and prevent many more deaths.
At 8:24 a.m. ET, Dow e-minis 1YMcv1 were up 99 points, or 0.3%, S&P 500 e-minis EScv1 were down 7.5 points, or 0.18%, and Nasdaq 100 e-minis NQcv1 were down 59 points, or 0.4%.
All three major U.S. stock indexes ended higher in the previous session as a bunch of strong corporate earnings and upbeat forecasts stoked risk appetite.
On the data front, focus will be on new home sales for September at 10 a.m. ET, with third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week.
U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1.
Traders put the chance of interest rates remaining unchanged in November and December at around 99% and 70%, respectively, according to CME's FedWatch tool.
Texas InstrumentsTXN.O shed 6.3% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates.
CoStar GroupCSGP.O dropped 7.7% after the real estate information provider trimmed its annual revenue outlook.
Casino operators MGM Resorts MGM.N and Caesars Entertainment CZR.O fell 1.5% and 2.6%, respectively, after the Detroit City Council passed a resolution supporting striking casino workers.
'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe
(Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)
((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@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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Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively. "Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence," David Morrison, senior market analyst at Trade Nation, said. Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast, while defense contractor General DynamicsGD.N rose 2.9% after reporting a jump in third-quarter revenue.
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Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively. Even after cutting its 737 delivery forecast for this year, BoeingBA.N advanced 3.2% on sticking to its goal of generating $3 billion to $5 billion in free cash flow and beating third-quarter revenue estimates. Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast, while defense contractor General DynamicsGD.N rose 2.9% after reporting a jump in third-quarter revenue.
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Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 were set to open lower on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast, while defense contractor General DynamicsGD.N rose 2.9% after reporting a jump in third-quarter revenue.
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Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 were set to open lower on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Google-parent AlphabetGOOGL.O slid 5.9% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters.
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12932.0
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2023-10-25 00:00:00 UTC
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US STOCKS-Nasdaq, S&P 500 fall as Alphabet slumps
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-fall-as-alphabet-slumps
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nan
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nan
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By Ankika Biswas and Shashwat Chauhan
Oct 25 (Reuters) - The tech-heavy Nasdaq and the S&P 500 dropped on Wednesday as Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks were also pressured by rising U.S. Treasury yields.
Google-parent AlphabetGOOGL.O slid 9.1% to a three-month low, as its cloud business crawled to its slowest growth in at least 11 quarters.
The communication services sector .SPLRCL fell 5.2%, on track for its worst single-day drop in a year, and touched a near one-month low.
MicrosoftMSFT.O, on the other hand, rose 2.7% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business.
"Generative AI was supposed to boost Google's cloud revenue and that clearly did not happen. Surging Treasury yields and mixed earnings have stock investors hitting the sell button," Edward Moya, senior market analyst at OANDA, said.
Other megacaps including Apple AAPL.O and Amazon.com AMZN.O fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating in September, affirming expectations of prolonged high interest rates heading into 2024.
Focus will be on Meta Platform's META.O results after the bell, with the company expected to report its best quarterly sales growth in nearly two years. The company's shares were down 2.6% amid the broader tech decline.
Among other major S&P 500 sectors, consumer discretionary .SPLRCD and real estate .SPLRCR were among the worst hit, while utilities .SPLRCU was the top gainer.
The Dow Jones Transport Average index .DJT fell to a more than four-month low, following a 5.6% decline in trucking firm Old Dominion Freight LineODFL.O after quarterly results.
Defense contractor General DynamicsGD.N rose 3.6% after reporting a jump in third-quarter revenue.
Of the 146 S&P 500 companies that have reported so far, 80% have beaten analysts' earnings expectations, according to LSEG data. Quarterly earnings are expected to grow 2.6% year-on-year.
Israel has agreed to delay an expected invasion of Gaza for now so that the United States can rush missile defences to the region to protect U.S. troops there, the Wall Street Journal reported on Wednesday, citing U.S. and Israeli officials.
At 12:10 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.54 points at 33,141.92, the S&P 500 .SPX was down 45.00 points, or 1.06%, at 4,202.68, and the Nasdaq Composite .IXIC was down 240.12 points, or 1.83%, at 12,899.76.
Investors will also monitor third-quarter gross domestic product, durable goods and personal consumption expenditure data through the rest of the week.
U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1.
Among other stocks, Texas InstrumentsTXN.O fell 3.6% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates.
CoStar GroupCSGP.O dropped 6% after the real estate information provider trimmed its annual revenue outlook.
Declining issues outnumbered advancers for a 2.85-to-1 ratio on the NYSE and a 2.33-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week high and 58 new lows, while the Nasdaq recorded 14 new highs and 373 new lows.
(Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)
((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@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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Other megacaps including Apple AAPL.O and Amazon.com AMZN.O fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating in September, affirming expectations of prolonged high interest rates heading into 2024. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The tech-heavy Nasdaq and the S&P 500 dropped on Wednesday as Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks were also pressured by rising U.S. Treasury yields. Israel has agreed to delay an expected invasion of Gaza for now so that the United States can rush missile defences to the region to protect U.S. troops there, the Wall Street Journal reported on Wednesday, citing U.S. and Israeli officials.
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Other megacaps including Apple AAPL.O and Amazon.com AMZN.O fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating in September, affirming expectations of prolonged high interest rates heading into 2024. MicrosoftMSFT.O, on the other hand, rose 2.7% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business. Surging Treasury yields and mixed earnings have stock investors hitting the sell button," Edward Moya, senior market analyst at OANDA, said.
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Other megacaps including Apple AAPL.O and Amazon.com AMZN.O fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating in September, affirming expectations of prolonged high interest rates heading into 2024. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The tech-heavy Nasdaq and the S&P 500 dropped on Wednesday as Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks were also pressured by rising U.S. Treasury yields. The Dow Jones Transport Average index .DJT fell to a more than four-month low, following a 5.6% decline in trucking firm Old Dominion Freight LineODFL.O after quarterly results.
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Other megacaps including Apple AAPL.O and Amazon.com AMZN.O fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating in September, affirming expectations of prolonged high interest rates heading into 2024. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The tech-heavy Nasdaq and the S&P 500 dropped on Wednesday as Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks were also pressured by rising U.S. Treasury yields. Among other major S&P 500 sectors, consumer discretionary .SPLRCD and real estate .SPLRCR were among the worst hit, while utilities .SPLRCU was the top gainer.
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12933.0
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2023-10-25 00:00:00 UTC
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2 Stocks That Could Sabotage Your Portfolio
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AAPL
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https://www.nasdaq.com/articles/2-stocks-that-could-sabotage-your-portfolio
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nan
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nan
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Let's be honest: Not all investments turn out to be winners. It's simply a fact that some promising stocks will turn into lemons. And it's why investing in 25 or more companies is so important -- it helps spread your risk by diversifying your portfolio.
Of course, the best case would be to avoid names that could sabotage your portfolio altogether. So, here's a look at two names that I think are better left on the sidelines.
Image source: Getty Images.
fuboTV
First up is fuboTV (NYSE: FUBO), the operator of a live TV streaming platform. Similar to the cable TV packages of old, fuboTV boasts more than 220 channels to choose from, depending on which packages and add-ons a user selects. But while that figure sounds impressive, the company's channel lineup has some notable gaps. For example, it does not offer CNN, History, Lifetime, TNT, TBS, or HBO.
This leads to the first knock on fuboTV: Consumers already have a plethora of streaming options to choose from. Deep-pocketed competitors like Netflix, Walt Disney, Apple, Paramount, Warner Bros. Discovery, Amazon, and Alphabet (through its YouTube segment) are all competing for the same customers.
In addition to the stiff competition it faces, fuboTV's financial state should give investors pause. To start, the company is unprofitable. Over the last 12 months, fuboTV has posted a net loss of $339 million. What's more, the company's cash burn is a real concern. As of its most recent quarter, fuboTV had $294 million in cash and equivalents. However, the company has about $261 million annually in negative free cash flow. That means the company will almost fully deplete its cash reserves in another year unless it improves its free cash flow or raises additional cash.
In short, fuboTV remains a highly speculative pick in a highly competitive sector. Investors would be wise to tread carefully with the volatile stock.
Dollar General
Another company that is facing strong headwinds is Dollar General (NYSE: DG). Indeed, the company's shares have declined 53% year to date, making Dollar General one of the S&P 500's worst performers.
Part of the problem is competition. Dollar General is a down-market retailer that appeals to low-income consumers. However, given the increasing convenience and affordability of e-commerce shopping services like Amazon, brick-and-mortar retailer Dollar General's moat may be failing. In light of this possibility, Dollar General's rising inventories are all the more concerning. High inventory levels must eventually be reduced -- often at a loss.
Data source: YCharts
The company's total inventory now stands at $7.5 billion -- nearly double its $4 billion total back in 2019. In addition, the company faces strong headwinds from rising labor costs, inflation, and theft.
Finally, perhaps Dollar General's greatest weakness is potential market saturation. The company operates more than 19,000 stores in the U.S. alone. That's more than McDonald's (13,400 U.S. locations) or Starbucks (15,800 U.S. locations).
At any rate, given these numerous challenges, investors should remain cautious over whether Dollar General is a name worth owning for the long term.
10 stocks we like better than fuboTV
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 fuboTV 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 October 23, 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. Jake Lerch has positions in Alphabet, Amazon.com, McDonald's, and Walt Disney. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Netflix, Starbucks, Walt Disney, Warner Bros. Discovery, and fuboTV. 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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However, given the increasing convenience and affordability of e-commerce shopping services like Amazon, brick-and-mortar retailer Dollar General's moat may be failing. At any rate, given these numerous challenges, investors should remain cautious over whether Dollar General is a name worth owning for the long term. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Netflix, Starbucks, Walt Disney, Warner Bros.
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Deep-pocketed competitors like Netflix, Walt Disney, Apple, Paramount, Warner Bros. Dollar General Another company that is facing strong headwinds is Dollar General (NYSE: DG). The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Netflix, Starbucks, Walt Disney, Warner Bros.
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That means the company will almost fully deplete its cash reserves in another year unless it improves its free cash flow or raises additional cash. Dollar General Another company that is facing strong headwinds is Dollar General (NYSE: DG). See the 10 stocks *Stock Advisor returns as of October 23, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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fuboTV First up is fuboTV (NYSE: FUBO), the operator of a live TV streaming platform. Dollar General Another company that is facing strong headwinds is Dollar General (NYSE: DG). The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Netflix, Starbucks, Walt Disney, Warner Bros.
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12934.0
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2023-10-25 00:00:00 UTC
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Why Broadcom, Qualcomm, and Advanced Micro Devices Plunged Today
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AAPL
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https://www.nasdaq.com/articles/why-broadcom-qualcomm-and-advanced-micro-devices-plunged-today
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nan
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nan
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Shares of leading chipmakers Broadcom (NASDAQ: AVGO), Qualcomm (NASDAQ: QCOM), and Advanced Micro Devices (NASDAQ: AMD) were plunging today, down 3.5%, 4.2%, and 5.5%, respectively, as of 3:57 p.m. ET.
There was a near-perfect storm of headwinds for chip stocks today, with numerous negative data points. These include analysts issuing a negative note specifically on AMD heading into earnings and another analyst note warning of tepid sales of the new iPhone, which would affect iPhone suppliers Qualcomm and Broadcom.
In addition, semiconductor industry bellwether Texas Instruments (NASDAQ: TXN) issued fairly negative guidance in its earnings release last night, and California suspended the license for self-driving car company Cruise, owned by General Motors, after an accident. These two data points cast a pall over anything concerning smart vehicles and Internet of Things (IoT) technology, including Qualcomm, among others.
Oh, and long-term Treasury yields were rising again today, adding insult to injury.
Negative sentiment all around the chip sector
In a note issued today, Bank of America tech analysts said AMD was likely to have "muted" upside heading into third-quarter earnings, writing, "We expect AMD to report in line but likely guide Q4 in line to modestly below consensus as it faces headwinds in its embedded (Xilinx) and console (seasonal, product maturity) sales. ... However, all eyes will likely be on clues to MI300 AI accelerator ramp for [2024]."
The analysts also noted that AMD is still not particularly cheap, even if it does see sales and earnings recover next year, as the stock trades at 25 times next year's earnings estimates. That's actually not far from Nvidia's (NASDAQ: NVDA) forward multiple despite Nvidia having an early and dominant lead in artificial intelligence accelerators.
In another sour note issued today, analysts at UBS released the results from their latest Apple (NASDAQ: AAPL) iPhone tracker, and the results weren't great. Tracking the phone's availability across 30 countries, the analysts noted that wait times for the phone were now "largely nonexistent."
This is a rather abrupt about-face, as wait times were elevated immediately after launch last month. "The deterioration in wait times at the low-end that are now consistent with last year suggests demand continues to wane with only the Pro Max showing any resiliency," the UBS analysts wrote.
If iPhone demand were slowing abruptly, it certainly wouldn't be great for iPhone suppliers, such as Broadcom, which supplies radio frequency chips for the iPhone, or Qualcomm, which still uses Qualcomm's modems for the iPhone despite Apple trying to rid itself of its dependency.
Image source: Getty Images.
Qualcomm has been trying to diversify its offerings away from the mature mobile phone market and into both automotive and IoT chips. But those markets also received jolts of negative news today. Sadly, an autonomous vehicle operated by self-driving car company Cruise ran over a woman in California recently, and California has immediately suspended all self-driving permits in the state for the moment.
Even worse for Qualcomm investors, Cruise specifically uses Qualcomm's system on a chip as the brains behind its autonomous driving system. So, the incident could hurt the credibility of the self-driving industry generally and Qualcomm specifically.
And finally, chip stocks may also be affected today by Texas Instruments' (TI) earnings last night, as it is one of the larger manufacturers of analog and microcontroller chips that go into a broad range of industrial end devices. Last night, TI released third-quarter results showing a 14% decline in revenue year over year while issuing fourth-quarter guidance that forecasts a high-single-digit quarter-over-quarter decline in the current quarter, even on last quarter's muted numbers. Given Texas Instruments' broad reach, that also cast a pall over the entire sector today.
And if that weren't enough, yields were back on the rise
In addition to all these headwinds, long-term Treasury Bond yields were back on the rise today to 4.953% after two days of declines.
Stocks haven't reacted well to the rapid rise in Treasury bond yields this summer. Higher yields both depress valuations, especially for growth stocks, and contribute to slowing the economy, likely affecting the cyclical semiconductor industry.
All in all, it was a terrible day for chip stocks. However, long-term investors should take comfort that semiconductors will likely outgrow the economy through this decade. Therefore, the recent turmoil may offer some terrific prices from a long-term perspective, even though the near-term looks quite treacherous.
10 stocks we like better than Advanced Micro Devices
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 Advanced Micro Devices 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 October 23, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Billy Duberstein has positions in Apple, Bank of America, Broadcom, and Texas Instruments. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Bank of America, Nvidia, Qualcomm, and Texas Instruments. The Motley Fool recommends Broadcom, General Motors, and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $25 calls on General Motors, and long January 2025 $45 calls on Intel. 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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In another sour note issued today, analysts at UBS released the results from their latest Apple (NASDAQ: AAPL) iPhone tracker, and the results weren't great. In addition, semiconductor industry bellwether Texas Instruments (NASDAQ: TXN) issued fairly negative guidance in its earnings release last night, and California suspended the license for self-driving car company Cruise, owned by General Motors, after an accident. Negative sentiment all around the chip sector In a note issued today, Bank of America tech analysts said AMD was likely to have "muted" upside heading into third-quarter earnings, writing, "We expect AMD to report in line but likely guide Q4 in line to modestly below consensus as it faces headwinds in its embedded (Xilinx) and console (seasonal, product maturity) sales.
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In another sour note issued today, analysts at UBS released the results from their latest Apple (NASDAQ: AAPL) iPhone tracker, and the results weren't great. In addition, semiconductor industry bellwether Texas Instruments (NASDAQ: TXN) issued fairly negative guidance in its earnings release last night, and California suspended the license for self-driving car company Cruise, owned by General Motors, after an accident. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Bank of America, Nvidia, Qualcomm, and Texas Instruments.
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In another sour note issued today, analysts at UBS released the results from their latest Apple (NASDAQ: AAPL) iPhone tracker, and the results weren't great. These include analysts issuing a negative note specifically on AMD heading into earnings and another analyst note warning of tepid sales of the new iPhone, which would affect iPhone suppliers Qualcomm and Broadcom. Negative sentiment all around the chip sector In a note issued today, Bank of America tech analysts said AMD was likely to have "muted" upside heading into third-quarter earnings, writing, "We expect AMD to report in line but likely guide Q4 in line to modestly below consensus as it faces headwinds in its embedded (Xilinx) and console (seasonal, product maturity) sales.
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In another sour note issued today, analysts at UBS released the results from their latest Apple (NASDAQ: AAPL) iPhone tracker, and the results weren't great. Shares of leading chipmakers Broadcom (NASDAQ: AVGO), Qualcomm (NASDAQ: QCOM), and Advanced Micro Devices (NASDAQ: AMD) were plunging today, down 3.5%, 4.2%, and 5.5%, respectively, as of 3:57 p.m. And finally, chip stocks may also be affected today by Texas Instruments' (TI) earnings last night, as it is one of the larger manufacturers of analog and microcontroller chips that go into a broad range of industrial end devices.
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12935.0
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2023-10-25 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-5
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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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 93% 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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
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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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet.
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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12936.0
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2023-10-25 00:00:00 UTC
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NEWSMAKER-Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
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AAPL
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https://www.nasdaq.com/articles/newsmaker-foxconn-founder-terry-gou-lies-low-in-taiwan-election-as-china-tax-probe
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nan
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nan
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TAIPEI, Oct 25 (Reuters) - After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple APPL.O supplier Foxconn 2317.TW, wanted to turn his entrepreneurial skills elsewhere - to be the island's next president.
But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground.
He last appeared at a campaign event on Sunday night, the day a Chinese newspaper said authorities had begun a tax probe into Foxconn's operations in China, even though he stepped back from running the world's largest contract manufacturer four years ago.
He cancelled a Monday event without explanation and had no public arrangements for Tuesday or Wednesday, unusual given the previous frequency of his rallies.
The tax investigation was first reported by the state-backed, strongly nationalist Chinese tabloid the Global Times, but in its English version of the story it suggested what China was actually unhappy with was Gou running for president as an independent, a decision he announced in August.
That was because, the paper said, Gou would split the opposition vote and "in the end favour secessionist" Taiwan Vice President Lai Ching-te, making his victory more certain.
China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Lai says he will maintain the status quo and that only Taiwan's people can decide their future.
Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself.
Gou, 72, has continued to post on his Facebook account, but not mentioned the probe.
Late on Tuesday, Gou posted about late Apple founder Steve Jobs, whom he called his idol, and how he "cherished" their relationship even with often tricky requests when it came to making iPhones.
"If I had thought of quitting because Steve Jobs was too picky and the tasks given by Apple were too difficult, and had given up on doing Apple orders, I would have probably lost a great opportunity to participate in Apple's innovation in the future," he wrote.
"Think big, but don't lose sight of details - this is the personality trait I noticed in Jobs. This is the trait in recent years I have come to expect in myself and encourage in every colleague around me."
Foxconn said in a statement on Sunday legal compliance was a "fundamental principle" of its operations, and it would "actively cooperate with the relevant units on the related work and operations".
'TAIWAN'S CEO'
Gou has positioned himself as "Taiwan's CEO" saying he wants to unite a fractured opposition amid rising tensions with China, which he blames on the ruling Democratic Progressive Party's (DPP) hostility to Beijing.
The DPP-led government has repeatedly offered talks with Beijing, but been rebuffed, and has blamed China for the tensions.
But Gou has languished in the polls and the two main opposition parties, the Kuomintang and Taiwan People's Party, have instead been talking to each other about a possible joint ticket, though those talks have foundered.
Gou was not born wealthy. After graduating from university, he worked in a series of factory jobs, as Taiwan in the late 1960s and early 1970s began using its cheap labour force to churn out consumer goods for the rich Western world.
He founded Hon Hai Precision Industry Co Ltd, better known as Foxconn, in 1974 with 11 elderly workers and a $7,500 loan from his mother. He first made cheap plastic parts for black-and-white television sets for a Chicago TV manufacturer, before a major deal in 1980 making joystick connectors for Atari games consoles.
In 2000, Foxconn won an order to make Apple's redesigned iMacs, after making a variety of parts for the likes of U.S. personal computer vendor Dell.
Foxconn eventually became one of the world's largest private-sector employers with at times over a million workers assembling devices for global brands such as Sony Corp 6758.T, Nintendo Co Ltd 7974.T and Microsoft Corp MSFT.O.
Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".
His connections reached as high as Chinese President Xi Jinping, whom he met in 2014 in Beijing, and whom in 2017 he described as a great leader, Taiwan media reported.
Gou's parents were born in China and were of the generation that fled to Taiwan after the Communists won China's civil war in 1949, a year before Gou's birth on the island.
In an interview with the Communist Party's official People's Daily in 2018 to mark China's 40th anniversary of landmark economic reform, Gou said he was happy to have witnessed the changes.
Earlier this year, Gou vowed to start negotiations with China if he was elected president on the basis that both sides belong to one single China but each can interpret what that means.
Still, in August when announcing his run he struck a tougher tone when asked if his Foxconn shareholdings meant China could simply tell him what to do if he became president.
"I have never been under the control of the People's Republic of China," he said. "I don't follow their instructions."
FACTBOX-Who is running to be Taiwan's next president?
(Reporting by Ben Blanchard; Editing by Sonali Paul)
((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, Oct 25 (Reuters) - After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple APPL.O supplier Foxconn 2317.TW, wanted to turn his entrepreneurial skills elsewhere - to be the island's next president. He last appeared at a campaign event on Sunday night, the day a Chinese newspaper said authorities had begun a tax probe into Foxconn's operations in China, even though he stepped back from running the world's largest contract manufacturer four years ago. The tax investigation was first reported by the state-backed, strongly nationalist Chinese tabloid the Global Times, but in its English version of the story it suggested what China was actually unhappy with was Gou running for president as an independent, a decision he announced in August.
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TAIPEI, Oct 25 (Reuters) - After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple APPL.O supplier Foxconn 2317.TW, wanted to turn his entrepreneurial skills elsewhere - to be the island's next president. He last appeared at a campaign event on Sunday night, the day a Chinese newspaper said authorities had begun a tax probe into Foxconn's operations in China, even though he stepped back from running the world's largest contract manufacturer four years ago. Late on Tuesday, Gou posted about late Apple founder Steve Jobs, whom he called his idol, and how he "cherished" their relationship even with often tricky requests when it came to making iPhones.
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TAIPEI, Oct 25 (Reuters) - After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple APPL.O supplier Foxconn 2317.TW, wanted to turn his entrepreneurial skills elsewhere - to be the island's next president. The tax investigation was first reported by the state-backed, strongly nationalist Chinese tabloid the Global Times, but in its English version of the story it suggested what China was actually unhappy with was Gou running for president as an independent, a decision he announced in August. Gou's parents were born in China and were of the generation that fled to Taiwan after the Communists won China's civil war in 1949, a year before Gou's birth on the island.
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The tax investigation was first reported by the state-backed, strongly nationalist Chinese tabloid the Global Times, but in its English version of the story it suggested what China was actually unhappy with was Gou running for president as an independent, a decision he announced in August. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou's parents were born in China and were of the generation that fled to Taiwan after the Communists won China's civil war in 1949, a year before Gou's birth on the island.
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12937.0
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2023-10-25 00:00:00 UTC
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US STOCKS-S&P 500, Nasdaq dip as Alphabet slides
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AAPL
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https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-dip-as-alphabet-slides
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nan
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nan
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By Ankika Biswas and Shashwat Chauhan
Oct 25 (Reuters) - The Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while post-earnings gains in Microsoft and Boeing helped lift the Dow.
Google-parent AlphabetGOOGL.O slid 8.6% to a three-month low as its cloud business crawled to its slowest growth in at least 11 quarters.
MicrosoftMSFT.O, on the other hand, rose 3.8% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business.
"Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence," David Morrison, senior market analyst at Trade Nation, said.
However, a rise in long-dated U.S. Treasury yields also weighed on other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively.
Eight of the 11 major S&P 500 sectors were trading lower, with communications services .SPLRCL touching a near one-month low, while consumer discretionary .SPLRCD and real estate .SPLRCR were among top laggards.
Even after cutting its 737 delivery forecast for this year, BoeingBA.N advanced 1.9% on sticking to its goal of generating $3 billion to $5 billion in free cash flow and beating third-quarter revenue estimates.
Defense contractor General DynamicsGD.N rose 3.5% after reporting a jump in third-quarter revenue.
Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Quarterly earnings are expected to grow 1.7% year-on-year.
Meanwhile, Israel intensified its overnight bombing of southern Gaza, where officials said record numbers of Palestinians had been killed again, as violence flared elsewhere in the region and a showdown loomed at the U.N. on Wednesday over desperately needed aid.
At 9:35 a.m. ET, the Dow Jones Industrial Average .DJI was up 85.11 points, or 0.26%, at 33,226.49, the S&P 500 .SPX was down 26.72 points, or 0.63%, at 4,220.96, and the Nasdaq Composite .IXIC was down 162.46 points, or 1.24%, at 12,977.42.
Third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week will also be in focus.
U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1.
Among other stocks, Texas InstrumentsTXN.O shed 2.7% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates.
CoStar GroupCSGP.O dropped 6.1% after the real estate information provider trimmed its annual revenue outlook.
Casino operators MGM Resorts MGM.N and Caesars Entertainment CZR.O fell 2.2% and 3.4%, respectively, after the Detroit City Council passed a resolution supporting striking casino workers.
Declining issues outnumbered advancers for a 2.99-to-1 ratio on the NYSE and a 2.41-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week high and 32 new lows, while the Nasdaq recorded 11 new highs and 144 new lows.
'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe
(Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)
((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@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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Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while post-earnings gains in Microsoft and Boeing helped lift the Dow. "Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence," David Morrison, senior market analyst at Trade Nation, said.
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Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively. MicrosoftMSFT.O, on the other hand, rose 3.8% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday.
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Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while post-earnings gains in Microsoft and Boeing helped lift the Dow. The S&P index recorded no new 52-week high and 32 new lows, while the Nasdaq recorded 11 new highs and 144 new lows.
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Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively. Google-parent AlphabetGOOGL.O slid 8.6% to a three-month low as its cloud business crawled to its slowest growth in at least 11 quarters. Quarterly earnings are expected to grow 1.7% year-on-year.
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12938.0
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2023-10-25 00:00:00 UTC
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Can Big Tech Stocks Thrive in a Higher Interest Rate Environment?
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AAPL
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https://www.nasdaq.com/articles/can-big-tech-stocks-thrive-in-a-higher-interest-rate-environment
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nan
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nan
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For the most part, rising interest rates are negative for high-valued technology stocks. Higher interest rates make the present value of company future cash flows less valuable, and most technology companies are valued on the basis that a large chunk of their profits will come many years in the future. However, the higher interest rates are boosting the interest income for the biggest technology companies that carry higher cash balances and smaller debt.
According to Bloomberg data, the largest U.S. technology companies, including Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA), entered Q3 with more than a half-trillion dollars in potentially high-yielding cash. Tesla (TSLA) last week said its interest income rose above $250 million in its most recent quarter after being close to zero for years, while Alphabet saw its interest income almost double to more than $1 billion. While the amounts are small relative to overall earnings, interest income offsets the narrative that rising interest rates are universally bad for loftily-valued technology stocks.
Some analysts believe that rising interest rates are not as detrimental to large technology companies as they are to smaller ones. Yardeni Research said big technology companies “are not affected by rising interest rates because their debt is relatively small relative to their cash flow, and they are also sitting on a lot of cash that is earning 5% or more. Also, the idea that rising interest rates are bad for growth stocks, especially technology companies, needs to be reassessed here to recognize that’s not necessarily true if they happen to be very profitable companies with stellar balance sheets.”
While megacap technology stocks may still be profitable despite soaring interest rates, the same can’t be said for their smaller peers. The Nasdaq 100 Stock Index ($IUXX) (QQQ) has outperformed the small-cap Russell 2000 by 39 percentage points so far this year, on track to be the widest margin since 1999. Rising interest rates make refinancing debt more costly. The refinancing risks for smaller technology stocks are higher than that for megacap technology stocks. RBC Capital Market research shows just 2% of companies in the S&P 500 ($SPX) (SPY) had weighted average maturities in the two-years-or-sooner timeframe at the end of Q2 versus 10% among small-cap companies.
Although interest expenses for S&P 500 companies have gone up, the largest companies can still be profitable even with higher interest rates. According to Ned Davis Research, Meta Platforms, Microsoft, Adobe, and Nvidia have made $979 million more in non-operating income in the past four quarters through June than they spent on interest expenses. BlackRock’s head of thematic strategy for global allocation said, “We need to look at companies today and take a good look at each of their own balance sheets, each of their own financing, and each of their own cash-flow prospects instead of saying with a knee-jerk reaction that higher interest rates are a bad thing for higher-multiple or growth companies.”
More Stock Market News from Barchart
4 Reasons Why Tesla and More EV Stocks Are Selling Off
Big Tech Losses Weigh on Overall Market as Alphabet Slumps
Ignore Wall Street and Buy Chevron Stock on Guyana Growth Prospects
Markets Today: Stocks Under Pressure as Alphabet Earnings Disappoint
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to Bloomberg data, the largest U.S. technology companies, including Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA), entered Q3 with more than a half-trillion dollars in potentially high-yielding cash. The Nasdaq 100 Stock Index ($IUXX) (QQQ) has outperformed the small-cap Russell 2000 by 39 percentage points so far this year, on track to be the widest margin since 1999. According to Ned Davis Research, Meta Platforms, Microsoft, Adobe, and Nvidia have made $979 million more in non-operating income in the past four quarters through June than they spent on interest expenses.
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According to Bloomberg data, the largest U.S. technology companies, including Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA), entered Q3 with more than a half-trillion dollars in potentially high-yielding cash. However, the higher interest rates are boosting the interest income for the biggest technology companies that carry higher cash balances and smaller debt. Also, the idea that rising interest rates are bad for growth stocks, especially technology companies, needs to be reassessed here to recognize that’s not necessarily true if they happen to be very profitable companies with stellar balance sheets.” While megacap technology stocks may still be profitable despite soaring interest rates, the same can’t be said for their smaller peers.
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According to Bloomberg data, the largest U.S. technology companies, including Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA), entered Q3 with more than a half-trillion dollars in potentially high-yielding cash. However, the higher interest rates are boosting the interest income for the biggest technology companies that carry higher cash balances and smaller debt. Also, the idea that rising interest rates are bad for growth stocks, especially technology companies, needs to be reassessed here to recognize that’s not necessarily true if they happen to be very profitable companies with stellar balance sheets.” While megacap technology stocks may still be profitable despite soaring interest rates, the same can’t be said for their smaller peers.
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According to Bloomberg data, the largest U.S. technology companies, including Apple (AAPL), Alphabet (GOOGL), and Nvidia (NVDA), entered Q3 with more than a half-trillion dollars in potentially high-yielding cash. Also, the idea that rising interest rates are bad for growth stocks, especially technology companies, needs to be reassessed here to recognize that’s not necessarily true if they happen to be very profitable companies with stellar balance sheets.” While megacap technology stocks may still be profitable despite soaring interest rates, the same can’t be said for their smaller peers. Although interest expenses for S&P 500 companies have gone up, the largest companies can still be profitable even with higher interest rates.
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12939.0
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2023-10-25 00:00:00 UTC
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iShares Core S&P 500 ETF Experiences Big Inflow
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AAPL
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https://www.nasdaq.com/articles/ishares-core-sp-500-etf-experiences-big-inflow-9
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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 $2.5 billion dollar inflow -- that's a 0.7% increase week over week in outstanding units (from 803,650,000 to 809,500,000). Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is off about 0.8%, Microsoft Corporation (Symbol: MSFT) is up about 2.9%, and Amazon.com Inc (Symbol: AMZN) is lower by about 3.2%. 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 $370.31 per share, with $461.88 as the 52 week high point — that compares with a last trade of $421.09. 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:
Consumer Stocks Hedge Funds Are Selling
Funds Holding ORIC
ENDP Videos
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 off about 0.8%, Microsoft Corporation (Symbol: MSFT) is up about 2.9%, and Amazon.com Inc (Symbol: AMZN) is lower by about 3.2%. 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 off about 0.8%, Microsoft Corporation (Symbol: MSFT) is up about 2.9%, and Amazon.com Inc (Symbol: AMZN) is lower by about 3.2%. 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 $370.31 per share, with $461.88 as the 52 week high point — that compares with a last trade of $421.09. 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 off about 0.8%, Microsoft Corporation (Symbol: MSFT) is up about 2.9%, and Amazon.com Inc (Symbol: AMZN) is lower by about 3.2%. 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 $2.5 billion dollar inflow -- that's a 0.7% increase week over week in outstanding units (from 803,650,000 to 809,500,000). 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 $370.31 per share, with $461.88 as the 52 week high point — that compares with a last trade of $421.09.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is off about 0.8%, Microsoft Corporation (Symbol: MSFT) is up about 2.9%, and Amazon.com Inc (Symbol: AMZN) is lower by about 3.2%. 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 $2.5 billion dollar inflow -- that's a 0.7% increase week over week in outstanding units (from 803,650,000 to 809,500,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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12940.0
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2023-10-25 00:00:00 UTC
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Apple raises subscription prices for TV+, News+
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AAPL
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https://www.nasdaq.com/articles/apple-raises-subscription-prices-for-tv-news
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nan
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nan
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Adds background in paragraphs 3-4
Oct 25 (Reuters) - Apple AAPL.O on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants.
The per month price of Apple TV+ has been increased by $3 to $9.99, while Apple News+ has been priced at $12.99, up from $9.99.
Recently, streaming giants Netflix NFLX.O and Disney DIS.N too had raised their prices as they look to boost growth amid intense competition.
Netflix increased subscription prices for some streaming plans in the United States, Britain and France when it reported results last week.
Disney DIS.Nsaid in August it would raise by 27% the price of the ad-free tier of the Disney+ service to $13.99 and hike by 20% the no-ad version of Hulu.
(Reporting by Anirudh Saligrama and Samrhitha Arunasalam in Bengaluru; Editing by Shweta Agarwal)
((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;))
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 background in paragraphs 3-4 Oct 25 (Reuters) - Apple AAPL.O on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants. Recently, streaming giants Netflix NFLX.O and Disney DIS.N too had raised their prices as they look to boost growth amid intense competition. Netflix increased subscription prices for some streaming plans in the United States, Britain and France when it reported results last week.
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Adds background in paragraphs 3-4 Oct 25 (Reuters) - Apple AAPL.O on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants. Recently, streaming giants Netflix NFLX.O and Disney DIS.N too had raised their prices as they look to boost growth amid intense competition. Netflix increased subscription prices for some streaming plans in the United States, Britain and France when it reported results last week.
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Adds background in paragraphs 3-4 Oct 25 (Reuters) - Apple AAPL.O on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants. The per month price of Apple TV+ has been increased by $3 to $9.99, while Apple News+ has been priced at $12.99, up from $9.99. (Reporting by Anirudh Saligrama and Samrhitha Arunasalam in Bengaluru; Editing by Shweta Agarwal) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) 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 background in paragraphs 3-4 Oct 25 (Reuters) - Apple AAPL.O on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants. The per month price of Apple TV+ has been increased by $3 to $9.99, while Apple News+ has been priced at $12.99, up from $9.99. Recently, streaming giants Netflix NFLX.O and Disney DIS.N too had raised their prices as they look to boost growth amid intense competition.
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12941.0
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2023-10-25 00:00:00 UTC
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Q3 Earnings Mixed, Big Results Expected After-Hours
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AAPL
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https://www.nasdaq.com/articles/q3-earnings-mixed-big-results-expected-after-hours
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nan
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nan
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Pre-market futures are mixed but sinking so far this morning, as morning Q3 earnings are more often beating on earnings but flat to slightly down from expectations on sales. We also see a 10-year Treasury yield creeping back up toward 5% — 4.885% at this hour — while the 2-year stays modestly above 5%. The Dow is the sole major index in the green, +50 points, while the S&P 500 and Nasdaq are -15 points and -90 points, respectively.
Automatic Data Processing ADP, which brings a new private-sector payroll report for October a week from today, posted a 5-cent beat on its bottom line in fiscal Q1 this morning, to $2.08 per share (and notably higher than the $1.86 per share reported in the year-ago quarter). Revenues were a smidge below Zacks consensus to $4.51 billion. Shares were selling -2% or so ahead of today’s open.
The Boeing Company BA missed expectations on both top and bottom lines this morning, as its Q3 loss per share of -$3.26 was five cents lower than expected (though about half the deficit of the company’s abysmal Q3 of last year) on $18.10 billion in quarterly sales, beneath the $18.25 billion analysts were expecting. The company also announced cuts to 737 MAX deliveries in the quarter. Yet shares are +3.4% in early trading today, halving its year-to-date stock deficit.
Lab equipment giant Thermo Fisher TMO beat estimates on its bottom line, posting earnings of $5.69 per share in Q3, while revenues of $10.57 billion were exactly in-line with expectations, -1% year over year. Guidance for the full year was ratcheted down on both earnings and sales, and as a result, shares are down -3% ahead of today’s open, and -17% year to date. The company entered the day with a Zacks Rank #4 (Sell).
After today’s opening bell, we’ll see New Home Sales for September come out. Expectations are for a slightly warmer market — 680K from 675K posted the previous month — even though these numbers have been fairly volatile over the past year. Highs came in July at 739K and the lows at the beginning of the cycle, 577K in October of last year. Homebuilders have been increasing output as existing homes do not find themselves on the market as they would in “normal times.”
Q3 earnings season continues after today’s close, with reports due from Meta Platforms META, IBM IBM, cybersecurity software company ServiceNow NOW once the closing bell has sounded. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. But we’re still getting plenty of information about the quality of the domestic and international economies with this earnings data.
Questions or comments about this article and/or author? Click here>>
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
The Boeing Company (BA) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
ServiceNow, Inc. (NOW) : 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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We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Automatic Data Processing ADP, which brings a new private-sector payroll report for October a week from today, posted a 5-cent beat on its bottom line in fiscal Q1 this morning, to $2.08 per share (and notably higher than the $1.86 per share reported in the year-ago quarter).
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Lab equipment giant Thermo Fisher TMO beat estimates on its bottom line, posting earnings of $5.69 per share in Q3, while revenues of $10.57 billion were exactly in-line with expectations, -1% year over year.
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Automatic Data Processing ADP, which brings a new private-sector payroll report for October a week from today, posted a 5-cent beat on its bottom line in fiscal Q1 this morning, to $2.08 per share (and notably higher than the $1.86 per share reported in the year-ago quarter).
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Shares were selling -2% or so ahead of today’s open.
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12942.0
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2023-10-25 00:00:00 UTC
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Apple hikes price of Apple TV+, Apple News+
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AAPL
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https://www.nasdaq.com/articles/apple-hikes-price-of-apple-tv-apple-news
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nan
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nan
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Oct 25 (Reuters) - Apple Inc AAPL.O is raising the subscription prices of Apple TV+ and Apple News+, according to its website.
The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier.
(Reporting by Anirudh Saligrama in Bengaluru; Editing by Shweta Agarwal)
((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;))
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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Oct 25 (Reuters) - Apple Inc AAPL.O is raising the subscription prices of Apple TV+ and Apple News+, according to its website. The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Shweta Agarwal) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) 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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Oct 25 (Reuters) - Apple Inc AAPL.O is raising the subscription prices of Apple TV+ and Apple News+, according to its website. The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Shweta Agarwal) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) 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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Oct 25 (Reuters) - Apple Inc AAPL.O is raising the subscription prices of Apple TV+ and Apple News+, according to its website. The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Shweta Agarwal) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) 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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Oct 25 (Reuters) - Apple Inc AAPL.O is raising the subscription prices of Apple TV+ and Apple News+, according to its website. The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Shweta Agarwal) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) 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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12943.0
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2023-10-25 00:00:00 UTC
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Market Awaits After-Hours Earnings Results
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AAPL
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https://www.nasdaq.com/articles/market-awaits-after-hours-earnings-results
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nan
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nan
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Pre-market futures are mixed but sinking so far this morning, as morning Q3 earnings are more often beating on earnings but flat to slightly down from expectations on sales. We also see a 10-year Treasury yield creeping back up toward 5% — 4.885% at this hour — while the 2-year stays modestly above 5%. The Dow is the sole major index in the green, +50 points, while the S&P 500 and Nasdaq are -15 points and -90 points, respectively.
Automatic Data Processing ADP, which brings a new private-sector payroll report for October a week from today, posted a 5-cent beat on its bottom line in fiscal Q1 this morning, to $2.08 per share (and notably higher than the $1.86 per share reported in the year-ago quarter). Revenues were a smidge below Zacks consensus to $4.51 billion. Shares were selling -2% or so ahead of today’s open.
The Boeing Company BA missed expectations on both top and bottom lines this morning, as its Q3 loss per share of -$3.26 was five cents lower than expected (though about half the deficit of the company’s abysmal Q3 of last year) on $18.10 billion in quarterly sales, beneath the $18.25 billion analysts were expecting. The company also announced cuts to 737 MAX deliveries in the quarter. Yet shares are +3.4% in early trading today, halving its year-to-date stock deficit.
Lab equipment giant Thermo Fisher TMO beat estimates on its bottom line, posting earnings of $5.69 per share in Q3, while revenues of $10.57 billion were exactly in-line with expectations, -1% year over year. Guidance for the full year was ratcheted down on both earnings and sales, and as a result, shares are down -3% ahead of today’s open, and -17% year to date. The company entered the day with a Zacks Rank #4 (Sell).
After today’s opening bell, we’ll see New Home Sales for September come out. Expectations are for a slightly warmer market — 680K from 675K posted the previous month — even though these numbers have been fairly volatile over the past year. Highs came in July at 739K and the lows at the beginning of the cycle, 577K in October of last year. Homebuilders have been increasing output as existing homes do not find themselves on the market as they would in “normal times.”
Q3 earnings season continues after today’s close, with reports due from Meta Platforms META, IBM IBM, cybersecurity software company ServiceNow NOW once the closing bell has sounded. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. But we’re still getting plenty of information about the quality of the domestic and international economies with this earnings data.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
The Boeing Company (BA) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
ServiceNow, Inc. (NOW) : 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.
|
We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Expectations are for a slightly warmer market — 680K from 675K posted the previous month — even though these numbers have been fairly volatile over the past year.
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Lab equipment giant Thermo Fisher TMO beat estimates on its bottom line, posting earnings of $5.69 per share in Q3, while revenues of $10.57 billion were exactly in-line with expectations, -1% year over year.
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Automatic Data Processing ADP, which brings a new private-sector payroll report for October a week from today, posted a 5-cent beat on its bottom line in fiscal Q1 this morning, to $2.08 per share (and notably higher than the $1.86 per share reported in the year-ago quarter).
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. We’re not through the biggest companies in the market until sometime next week, when Apple AAPL reports a week from tomorrow. Shares were selling -2% or so ahead of today’s open.
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12944.0
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2023-10-25 00:00:00 UTC
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47.6% of Warren Buffett's $335 Billion Portfolio Is Invested in 2 Artificial Intelligence (AI) Stocks
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AAPL
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https://www.nasdaq.com/articles/47.6-of-warren-buffetts-%24335-billion-portfolio-is-invested-in-2-artificial-intelligence-ai
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nan
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Warren Buffett has steered the Berkshire Hathaway investment portfolio to market-beating returns for over 50 years, and he has done so with a relatively simple strategy.
He primarily invests in profitable companies with steady growth, especially if they have good management teams at the helm. But most importantly, Buffett lets time do the heavy lifting by often holding stocks for decades.
Most technology stocks don't fit Berkshire Hathaway's strategy, but the conglomerate holds a handful of quality names in the sector. Buffett has certainly never invested in a company due to its presence in the emerging artificial intelligence (AI) space -- in fact, his right-hand man, Charlie Munger, recently said AI is overhyped!
But Buffett and Munger are poised to benefit substantially from the technology, because almost half of Berkshire's $335 billion portfolio of publicly listed securities is invested in two stocks with a growing focus on AI. Here's why investors might do well to buy them, too.
Image source: The Motley Fool.
1. Apple: 47.2% of Berkshire Hathaway's portfolio
Apple (NASDAQ: AAPL) is the world's largest company, with a valuation of $2.7 trillion. Buffett's confidence in the tech giant is made clear by the fact it accounts for 47.2% of Berkshire's portfolio all on its own. Apple produces some of the world's most popular consumer electronics, led by its flagship iPhone. The company is quietly weaving AI through its entire product portfolio to elevate the user experience.
Several of the software features embedded in its devices are already leaning on AI. Its Siri voice assistant, for example, employs advanced conversational AI. The predictive text built into each Apple keyboard is also powered by AI. Plus, many applications rely heavily on the technology. Take Apple Music, for example, which uses AI to learn what each listener enjoys the most and autonomously curates playlists for them to boost engagement.
But AI development wouldn't be possible without specialized computing hardware -- namely, semiconductors (chips). Apple has designed its own chips since 2010, starting with the A-series inside the iPhone and iPad mobile devices (and the iPod before it was discontinued). But AI applications present a new challenge, because they demand far more processing power from semiconductors.
Apple released its new A17 Pro chip alongside the iPhone 15 Pro in September, which is the smartphone industry's first 3-nanometer CPU. Apple has packed 19 billion transistors into the new chip compared to just 6 billion in its predecessor, the 5-nanometer A16 Bionic. It enables the smartphone or tablet device to process machine learning and AI workloads without connecting to the cloud via an external data center, which results in a substantially faster user experience.
Now, according to a report by Bloomberg, Apple is jumping into the world of generative AI with both feet. The company has allegedly developed a large language model called Ajax, which powers its very own chatbot dubbed Apple GPT. It's designed to compete with other AI chatbots like ChatGPT, which is responsible for most of the AI functionality across Microsoft's product portfolio.
Bloomberg suggests Apple is investing about $1 billion annually in its generative AI technology. Starting next year, it could be embedded in Siri to transform the voice assistant's capabilities, and also included in Apple's Xcode tool to allow app developers to create products more quickly.
Artificial intelligence probably wasn't on Buffett's mind when Berkshire began accumulating shares of Apple in 2018, but it could become as synonymous with the company as the iPhone in the future.
2. Amazon: 0.4% of Berkshire Hathaway's portfolio
Amazon (NASDAQ: AMZN) is a tiny holding for Berkshire compared to Apple, accounting for just 0.4% of its portfolio. But since the company's first purchase of Amazon stock in 2019, Buffett has often expressed regret for not understanding the e-commerce titan's potential sooner. He might feel progressively worse as time goes on, because Amazon is moving forward with a very aggressive AI strategy.
Amazon Web Services (AWS) is Amazon's industry-leading cloud computing division, which manages an estimated 125 data centers worldwide, and it's also home to many of the company's AI projects. Last month, Amazon invested a whopping $4 billion in generative AI developer Anthropic, which marked the second-largest investment in an AI start-up behind Microsoft's $10 billion bet on ChatGPT creator OpenAI.
The deal should help Amazon execute on its three-pronged approach to the AI arena. First, it has developed data center chips called Inferentia and Trainium, which were designed as substitutes for chips made by Nvidia. Anthropic will be using Amazon's chips to develop and train future models for its chatbots, which could accelerate adoption of the hardware by enticing other AI start-ups to consider Amazon over industry leader Nvidia.
Second, AWS is delivering large language models (LLMs) as a service to its customers. It requires mountains of data and significant financial resources to develop an LLM from scratch, so most businesses prefer to adopt ready-made alternatives they can build upon. AWS already offers several third-party LLMs including those it built in-house, but Anthropic will be required to place all of its future models on the AWS platform.
Finally, AWS is delivering ready-made AI applications like its CodeWhisperer tool to help customers develop software more quickly and increase their productivity overall.
AI is poised to add somewhere between $7 trillion and $200 trillion to the global economy by 2030, depending on which Wall Street forecast you rely upon. But its financial potential is clearly staggering even at the low end, and AWS is positioning itself to be a key distributor of the technology.
Amazon could prove to be Berkshire's best AI holding over the long term, even though it only represents a tiny fraction of its portfolio.
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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. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, Apple, Berkshire Hathaway, 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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Apple: 47.2% of Berkshire Hathaway's portfolio Apple (NASDAQ: AAPL) is the world's largest company, with a valuation of $2.7 trillion. But Buffett and Munger are poised to benefit substantially from the technology, because almost half of Berkshire's $335 billion portfolio of publicly listed securities is invested in two stocks with a growing focus on AI. It enables the smartphone or tablet device to process machine learning and AI workloads without connecting to the cloud via an external data center, which results in a substantially faster user experience.
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Apple: 47.2% of Berkshire Hathaway's portfolio Apple (NASDAQ: AAPL) is the world's largest company, with a valuation of $2.7 trillion. Amazon: 0.4% of Berkshire Hathaway's portfolio Amazon (NASDAQ: AMZN) is a tiny holding for Berkshire compared to Apple, accounting for just 0.4% of its portfolio. Anthropic will be using Amazon's chips to develop and train future models for its chatbots, which could accelerate adoption of the hardware by enticing other AI start-ups to consider Amazon over industry leader Nvidia.
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Apple: 47.2% of Berkshire Hathaway's portfolio Apple (NASDAQ: AAPL) is the world's largest company, with a valuation of $2.7 trillion. But Buffett and Munger are poised to benefit substantially from the technology, because almost half of Berkshire's $335 billion portfolio of publicly listed securities is invested in two stocks with a growing focus on AI. Amazon: 0.4% of Berkshire Hathaway's portfolio Amazon (NASDAQ: AMZN) is a tiny holding for Berkshire compared to Apple, accounting for just 0.4% of its portfolio.
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Apple: 47.2% of Berkshire Hathaway's portfolio Apple (NASDAQ: AAPL) is the world's largest company, with a valuation of $2.7 trillion. Amazon: 0.4% of Berkshire Hathaway's portfolio Amazon (NASDAQ: AMZN) is a tiny holding for Berkshire compared to Apple, accounting for just 0.4% of its portfolio. The Motley Fool has positions in and recommends Amazon.com, Apple, Berkshire Hathaway, Microsoft, and Nvidia.
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12945.0
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2023-10-25 00:00:00 UTC
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Should Invesco S&P 500 Top 50 ETF (XLG) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-invesco-sp-500-top-50-etf-xlg-be-on-your-investing-radar-10
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nan
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nan
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Launched on 05/04/2005, the Invesco S&P 500 Top 50 ETF (XLG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
The fund is sponsored by Invesco. It has amassed assets over $2.52 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 usually have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
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 0.20%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.10%.
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 39.40% of the portfolio. Telecom and Healthcare round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 12.69% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN).
The top 10 holdings account for about 55.14% of total assets under management.
Performance and Risk
XLG seeks to match the performance of the S&P 500 Top 50 ETF Index before fees and expenses. The S&P 500 Top 50 Index is composed of 50 of the largest companies in the S&P 500 Index.
The ETF has gained about 24.46% so far this year and is up about 20.83% in the last one year (as of 10/25/2023). In the past 52-week period, it has traded between $26.97 and $36.11.
The ETF has a beta of 1 and standard deviation of 19.22% for the trailing three-year period, making it a medium risk choice in the space. With about 55 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco S&P 500 Top 50 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, XLG 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 $344 billion in assets, SPDR S&P 500 ETF has $391.74 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.
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
Invesco S&P 500 Top 50 ETF (XLG): ETF Research Reports
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : 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 12.69% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). Click to get this free report Invesco S&P 500 Top 50 ETF (XLG): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : 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 05/04/2005, the Invesco S&P 500 Top 50 ETF (XLG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
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Click to get this free report Invesco S&P 500 Top 50 ETF (XLG): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : 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 12.69% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). 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.
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Click to get this free report Invesco S&P 500 Top 50 ETF (XLG): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : 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 12.69% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). Alternatives Invesco S&P 500 Top 50 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 12.69% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). Click to get this free report Invesco S&P 500 Top 50 ETF (XLG): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : 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 05/04/2005, the Invesco S&P 500 Top 50 ETF (XLG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
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12946.0
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2023-10-25 00:00:00 UTC
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Almost Half of Warren Buffett's $333 Billion Portfolio Is Invested in Only 1 Stock
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AAPL
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https://www.nasdaq.com/articles/almost-half-of-warren-buffetts-%24333-billion-portfolio-is-invested-in-only-1-stock
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nan
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nan
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Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is a massive conglomerate that owns a sizable public equities portfolio. Average investors are constantly watching how these holdings change to see if they can find any solid buying opportunities.
Among the numerous holdings that the Warren Buffett business owns, Apple (NASDAQ: AAPL) is by far the biggest, representing a whopping 47% of the overall portfolio. The Oracle of Omaha first purchased shares in the tech enterprise early in 2016.
Let's try to understand what characteristics first attracted Buffett to Apple stock. Then we can assess if this company makes for a good investment right now.
Extremely positive attributes
During the first three months of 2016, when Berkshire initiated its stake in Apple, the stock traded at an average price-to-earnings (P/E) ratio of 10.6. In hindsight, that was a fantastic entry valuation to pay. This isn't surprising, as one of Buffett's key criteria when investing is to ensure there's a margin of safety present.
In the five-year period that ended Dec. 31, 2015, Apple shares were up 128%, a gain that trounced the Nasdaq Composite index. So, it's still surprising that even with this outperformance, the stock was dirt cheap.
It makes sense why the valuation matters. All else equal, a lower P/E multiple can translate to higher returns. That's because the market is underpricing a stock for whatever reason. Maybe investors have just become pessimistic about its prospects, leading to greater upside should things work out.
Besides the valuation, Buffett was surely drawn to Apple's incredibly powerful brand, which makes up its economic moat. Presenting the brand with a premium status in the marketplace has resulted in strong demand from consumers, who are willing to pay up for Apple's products. This means there's also pricing power present. Buffett has said that pricing power is the most important trait he wants to see in the companies he's looking to buy.
Selling beautifully designed hardware, which pairs seamlessly with its software and services, puts Apple in a truly advantageous position because this combination creates a sticky ecosystem. Once customers commit to that Apple ecosystem, it's unlikely they will switch to competitors.
Finally, Buffett was certainly compelled by Apple's outstanding financial situation. In fiscal 2015, Apple generated a gross margin of 40.1%, an operating margin of 30.5%, and free cash flow of $69.8 billion. The balance sheet was superb at that time as well, with cash, cash equivalents, and marketable securities of $205.7 billion, compared to long-term debt of $53.5 billion.
Combining a cheap valuation with strong financials, a powerful consumer brand, and pricing power, it's clear why Apple became a top holding for Berkshire and Buffett. From the start of 2016 to Oct. 23 of this year, shares of the tech giant have soared 557%. That's a hugely successful investment.
From today's perspective
Looking at Apple today is a different story, though. Thanks to the stock's impressive rate of appreciation, it is no longer attractive from a valuation perspective. The current P/E ratio is 29.1. That's substantially more expensive than its trailing-10-year average.
So, would Buffett buy at this valuation? I don't think so. He likely still owns the stock because of the sizable dividend income Apple produces for Berkshire.
For prospective investors who are thinking about buying Apple, there's a high probability that returns going forward won't resemble the past. To be fair, this is still a dominant enterprise. But that steep valuation is being applied to a company that's a lot more mature these days.
It takes a lot of growth to move the financial needle for Apple, which is tough given that its flagship product, the iPhone, might be hitting a saturation point in its key markets, like the U.S.
While I don't think Apple looks like a smart buy right now, investors can still look to Buffett's decision as a guide for what to look for in potential ideas.
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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Among the numerous holdings that the Warren Buffett business owns, Apple (NASDAQ: AAPL) is by far the biggest, representing a whopping 47% of the overall portfolio. Extremely positive attributes During the first three months of 2016, when Berkshire initiated its stake in Apple, the stock traded at an average price-to-earnings (P/E) ratio of 10.6. Selling beautifully designed hardware, which pairs seamlessly with its software and services, puts Apple in a truly advantageous position because this combination creates a sticky ecosystem.
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Among the numerous holdings that the Warren Buffett business owns, Apple (NASDAQ: AAPL) is by far the biggest, representing a whopping 47% of the overall portfolio. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is a massive conglomerate that owns a sizable public equities portfolio. Combining a cheap valuation with strong financials, a powerful consumer brand, and pricing power, it's clear why Apple became a top holding for Berkshire and Buffett.
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Among the numerous holdings that the Warren Buffett business owns, Apple (NASDAQ: AAPL) is by far the biggest, representing a whopping 47% of the overall portfolio. Combining a cheap valuation with strong financials, a powerful consumer brand, and pricing power, it's clear why Apple became a top holding for Berkshire and Buffett. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen.
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Among the numerous holdings that the Warren Buffett business owns, Apple (NASDAQ: AAPL) is by far the biggest, representing a whopping 47% of the overall portfolio. This isn't surprising, as one of Buffett's key criteria when investing is to ensure there's a margin of safety present. So, would Buffett buy at this valuation?
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12947.0
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2023-10-25 00:00:00 UTC
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The Zacks Analyst Blog Highlights Meta, Apple, Pinterest and Model N
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AAPL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-meta-apple-pinterest-and-model-n
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nan
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nan
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For Immediate Release
Chicago, IL – October 25, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Pinterest PINS and Model N MODN.
Here are highlights from Tuesday’s Analyst Blog:
Will Higher Ad Revenues Aid Meta Platforms' (META) Q3 Earnings?
Meta Platforms’ third-quarter 2023 results, set to be reported on Oct 25, are expected to reflect the benefits of higher advertising revenues.
Our model estimate for third-quarter advertising revenues is pegged at $32.37 billion, indicating growth of 18.8% year over year.
In the second quarter of 2023, advertising revenues (99.3% of Family of Apps revenues) increased 11.9% year over year to $31.5 billion and accounted for 98.4% of revenues.
Meta Platforms’ focus on improving ad ranking and measurement by leveraging artificial intelligence (AI) has been a key catalyst, driving advertisers’ return on investment. The increasing level of automation supported by AI is expected to have driven adoption for its solutions like Advantage+ and Shopping. The introduction of new AI solutions like Meta Lattice and AI Sandbox are noteworthy in this regard.
Advertising revenues in Asia-Pacific are likely to grow 20.7% in the third quarter of 2023, per our model. United States and Canada advertising revenues are expected to grow 14.6%, while the Rest of the World is anticipated to increase 19.7% year over year, per our estimate.
The company’s plan to tackle ad targeting-related headwinds is expected to have positively impacted the ad-revenue growth rate in the to-be-reported quarter. It is worth mentioning that changes made by Apple and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend.
Apple’s iOS changes have made ad targeting difficult, which has increased the cost of driving outcomes. Measuring these outcomes has also become difficult, thereby hurting its ad revenue growth.
Meta Platforms, Inc. revenue-ttm | Meta Platforms, Inc. Quote
Click here to know how Meta Platforms’ overall third-quarter performance is likely to be.
AI, ML & Metaverse Driving Prospects
The company, which currently carries a Zacks Rank #3 (Hold), is banking its future on building the metaverse, which is a shared virtual 3D world or multiverse created using virtual and augmented reality.
Instagram’s growing popularity in international markets, particularly in Asia, has been helping the company expand its user base. Much of it can be attributed to the growing popularity of short-form videos, Reels on Instagram.
Reels have been attracting Gen-Z to the platform amid competition from Snapchat, Twitter and TikTok. AI has helped in improving recommendations, which drove a more than 24% increase in time spent on Instagram.
Threads growth has been noteworthy for Meta Platforms. The company has been focusing on the retention of users, which is expected to have benefited user growth.
To increase revenues, it has been growing video monetization, especially in short-form videos like Reels using AI and machine learning.
At the end of the second quarter, AI-recommended content from accounts that users don't follow became the fastest-growing category of content on Facebook’s feed, improving engagement by 7% since the introduction of this recommendation, which the company terms as Discovery Engine.
Reels is a key part of this Discovery Engine, and Reels plays exceed 200 billion per day across Facebook and Instagram.
Meta Platforms has also shown commitment to prioritizing user safety and well-being through initiatives aimed at enhancing parental supervision, messaging privacy and time management on its platforms. These factors are expected to have driven user base growth in third-quarter 2023.
Family Daily Active People or DAP, defined as a registered and logged-in user who visited at least one of the Family products (Facebook, Instagram, Messenger or WhatsApp) on a given day, is expected to be 3.081 billion, indicating growth of 5.2% year over year, per our model.
Family Monthly Active People or MAP is expected to increase 4.7% year over year to 3.884 billion, per our model.
What Do the Estimates Say?
The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.57 per share, up 1.11% over the past 30 days. Meta Platforms had reported earnings of $1.64 per share in the year-ago quarter.
It expects total revenues between $32 billion and $34.5 billion for the third quarter of 2023. Favorable forex is expected to aid year-over-year top-line growth by roughly 3%.
The consensus estimate for third-quarter revenues is currently pegged at $33.43 billion, indicating growth of 20.62% from the figure reported in the year-ago quarter.
Upcoming Earnings to Watch For
Meta Platforms belongs to the Zacks Internet Software industry. Investors are eagerly waiting for the upcoming earnings of Pinterest and Model N, two top-ranked stocks in the same industry.
Pinterest and Model N sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
While Pinterest is set to report its quarterly earnings on Oct 30, Model N is scheduled to report on Nov 9.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Model N, Inc. (MODN) : Free Stock Analysis Report
Pinterest, Inc. (PINS) : 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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Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Pinterest PINS and Model N MODN. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta Platforms’ focus on improving ad ranking and measurement by leveraging artificial intelligence (AI) has been a key catalyst, driving advertisers’ return on investment.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Pinterest PINS and Model N MODN. Here are highlights from Tuesday’s Analyst Blog: Will Higher Ad Revenues Aid Meta Platforms' (META) Q3 Earnings?
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Pinterest PINS and Model N MODN. In the second quarter of 2023, advertising revenues (99.3% of Family of Apps revenues) increased 11.9% year over year to $31.5 billion and accounted for 98.4% of revenues.
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Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Pinterest PINS and Model N MODN. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta Platforms’ third-quarter 2023 results, set to be reported on Oct 25, are expected to reflect the benefits of higher advertising revenues.
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12948.0
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2023-10-25 00:00:00 UTC
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US STOCKS-S&P 500, Nasdaq futures down as Alphabet slides
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AAPL
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https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-futures-down-as-alphabet-slides
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nan
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nan
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By Ankika Biswas and Shashwat Chauhan
Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields.
Google-parent AlphabetGOOGL.O slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters.
MicrosoftMSFT.O, on the other hand, rose 3.9% after topping expectations for first-quarter results in all segments, including its cloud business.
"Microsoft's head start in AI seems to be paying off, while Alphabet appears to be in catch-up mode on both this and cloud computing," said Danni Hewson, AJ Bell's head of financial analysis.
However, a rise in long-dated U.S. Treasury yields also pressured other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively.
Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast.
Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Third-quarter earnings are expected to grow 1.7% year-on-year.
Meanwhile, Israel intensified its bombing of southern Gaza overnight as world leaders called for a halt to fighting to allow aid into the besieged enclave.
At 7:05 a.m. ET, Dow e-minis 1YMcv1 were up 47 points, or 0.14%, S&P 500 e-minis EScv1 were down 13 points, or 0.3%, and Nasdaq 100 e-minis NQcv1 were down 78.75 points, or 0.53%.
All three major U.S. stock indexes ended higher in the previous session as a bunch of strong corporate earnings and upbeat forecasts stoked risk appetite.
On the data front, focus will be on new home sales for September at 10 a.m. ET, with third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week.
U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1.
Traders put the chance of interest rates remaining unchanged in November and December at around 99% and 70%, respectively, according to CME's FedWatch tool.
Texas InstrumentsTXN.O shed 5.3% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates.
CoStar GroupCSGP.O dipped 7.2% after the real estate information provider trimmed its annual revenue outlook.
'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe
(Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)
((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@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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Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Meanwhile, Israel intensified its bombing of southern Gaza overnight as world leaders called for a halt to fighting to allow aid into the besieged enclave.
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Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. However, a rise in long-dated U.S. Treasury yields also pressured other mega-cap stocks.
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Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday.
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Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively. By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Google-parent AlphabetGOOGL.O slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters.
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12949.0
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2023-10-25 00:00:00 UTC
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Is SPDR MSCI USA StrategicFactors ETF (QUS) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-spdr-msci-usa-strategicfactors-etf-qus-a-strong-etf-right-now-10
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nan
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nan
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Launched on 04/15/2015, the SPDR MSCI USA StrategicFactors ETF (QUS) 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 offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
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
Managed by State Street Global Advisors, QUS has amassed assets over $971.68 million, making it one of the larger ETFs in the Style Box - Large Cap Blend. Before fees and expenses, this particular fund seeks to match the performance of the MSCI USA Factor Mix A-Series Index.
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.
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 0.15% for QUS, making it one of the cheaper products in the space.
QUS's 12-month trailing dividend yield is 1.63%.
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 24% of the portfolio, the fund has heaviest allocation to the Information Technology sector; Healthcare and Financials round out the top three.
Taking into account individual holdings, Apple Inc (AAPL) accounts for about 3% of the fund's 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
So far this year, QUS has gained about 9.50%, and is up about 13.63% in the last one year (as of 10/25/2023). During this past 52-week period, the fund has traded between $106.39 and $126.74.
The ETF has a beta of 0.91 and standard deviation of 15.88% 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 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 $344 billion in assets, SPDR S&P 500 ETF has $391.74 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 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
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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Taking into account individual holdings, Apple Inc (AAPL) accounts for about 3% of the fund's 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. Launched on 04/15/2015, the SPDR MSCI USA StrategicFactors ETF (QUS) 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 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. Taking into account individual holdings, Apple Inc (AAPL) accounts for about 3% of the fund's total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Launched on 04/15/2015, the SPDR MSCI USA StrategicFactors ETF (QUS) 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 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. Taking into account individual holdings, Apple Inc (AAPL) accounts for about 3% of the fund's total assets, followed by Microsoft Corp (MSFT) and Eli Lilly + Co (LLY). Launched on 04/15/2015, the SPDR MSCI USA StrategicFactors ETF (QUS) 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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Taking into account individual holdings, Apple Inc (AAPL) accounts for about 3% of the fund's 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. Launched on 04/15/2015, the SPDR MSCI USA StrategicFactors ETF (QUS) 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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12950.0
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2023-10-25 00:00:00 UTC
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US STOCKS-Nasdaq, S&P 500 futures fall as Alphabet leads retreat in mega-cap stocks
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-futures-fall-as-alphabet-leads-retreat-in-mega-cap-stocks
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures: S&P down 0.46%, Nasdaq down 0.71%, Dow flat
Oct 25 (Reuters) - Nasdaq and S&P 500 futures fell on Wednesday, led by a slide in Alphabet on weak growth in its cloud division, while other mega-cap tech stocks also felt the pressure of rising U.S. Treasury yields and investors fretted over the Israel-Hamas conflict.
Google-parent AlphabetGOOGL.O slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters.
MicrosoftMSFT.O, on the other hand, rose 3.6% after topping expectations for first-quarter results in all segments, including its cloud business in early signs that the Windows maker's investment in artificial intelligence was paying off.
However, a rise in long-dated U.S. Treasury yields also pressured other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 0.8%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.5% and 1.3%, respectively.
At 5:09 a.m. ET, Dow e-minis 1YMcv1 were up 8 points, or 0.02%, S&P 500 e-minis EScv1 were down 19.5 points, or 0.46%, and Nasdaq 100 e-minis NQcv1 were down 105.25 points, or 0.71%.
Boeing BA.N, General Dynamics GD.N, Hilton HLT.N, Moody's MCO.N, T-Mobile TMUS.O and Hess HES.N are among the companies scheduled to post results before the opening bell.
Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday.
Meanwhile, Israel intensified its bombing of southern Gaza overnight as world leaders called for a halt to fighting to allow aid into the besieged enclave.
Amid concerns the conflict will spread across the Middle East, Israel's military said its jets struck Syrian army infrastructure and mortar launchers in response to rockets launched from Iran ally Syria.
On the data front, a report on new home sales for September at 10 a.m. ET will also be monitored, with third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week.
Among other stocks, Texas InstrumentsTXN.O shed 5.1% after forecasting fourth-quarter revenue and profit below estimates.
(Reporting by Ankika Biswas in Bengaluru; Editing by Savio D'Souza)
((Ankika.Biswas@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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Meta Platforms META.O, due to report after the closing bell, fell 0.8%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.5% and 1.3%, respectively. MicrosoftMSFT.O, on the other hand, rose 3.6% after topping expectations for first-quarter results in all segments, including its cloud business in early signs that the Windows maker's investment in artificial intelligence was paying off. Amid concerns the conflict will spread across the Middle East, Israel's military said its jets struck Syrian army infrastructure and mortar launchers in response to rockets launched from Iran ally Syria.
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Meta Platforms META.O, due to report after the closing bell, fell 0.8%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.5% and 1.3%, respectively. Futures: S&P down 0.46%, Nasdaq down 0.71%, Dow flat Oct 25 (Reuters) - Nasdaq and S&P 500 futures fell on Wednesday, led by a slide in Alphabet on weak growth in its cloud division, while other mega-cap tech stocks also felt the pressure of rising U.S. Treasury yields and investors fretted over the Israel-Hamas conflict. However, a rise in long-dated U.S. Treasury yields also pressured other mega-cap stocks.
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Meta Platforms META.O, due to report after the closing bell, fell 0.8%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.5% and 1.3%, respectively. Futures: S&P down 0.46%, Nasdaq down 0.71%, Dow flat Oct 25 (Reuters) - Nasdaq and S&P 500 futures fell on Wednesday, led by a slide in Alphabet on weak growth in its cloud division, while other mega-cap tech stocks also felt the pressure of rising U.S. Treasury yields and investors fretted over the Israel-Hamas conflict. ET, Dow e-minis 1YMcv1 were up 8 points, or 0.02%, S&P 500 e-minis EScv1 were down 19.5 points, or 0.46%, and Nasdaq 100 e-minis NQcv1 were down 105.25 points, or 0.71%.
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Meta Platforms META.O, due to report after the closing bell, fell 0.8%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.5% and 1.3%, respectively. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: S&P down 0.46%, Nasdaq down 0.71%, Dow flat Oct 25 (Reuters) - Nasdaq and S&P 500 futures fell on Wednesday, led by a slide in Alphabet on weak growth in its cloud division, while other mega-cap tech stocks also felt the pressure of rising U.S. Treasury yields and investors fretted over the Israel-Hamas conflict.
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12951.0
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2023-10-24 00:00:00 UTC
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US STOCKS-Wall Street eyes higher open as Treasury yields retreat; earnings in focus
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-eyes-higher-open-as-treasury-yields-retreat-earnings-in-focus
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Coca-Cola raises annual sales forecast
3M raises FY adjusted profit forecast
GM withdraws 2023 guidance, beats Q3 profit estimates
General Electric raises FY profit forecast
Futures up: Dow 0.50%, S&P 0.58%, Nasdaq 0.59%
Updated at 8:37 a.m. ET/ 1237 GMT
By Shubham Batra and Shashwat Chauhan
Oct 24 (Reuters) - Wall Street's main indexes were set to open higher as a selloff in U.S. Treasuries eased on Tuesday, while shares of General Electric and Coca-Cola surged on upbeat forecasts.
General ElectricGE.N jumped 5.9% in premarket trading after the aircraft engine manufacturer lifted its full-year profit forecast, while Coca-ColaKO.N advanced 2.8% on raising its annual sales outlook.
General MotorsGM.N added 1.3% after beating third-quarter profit estimates, while 3MMMM.N gained 4.5% after raising its full-year adjusted profit forecast.
The yield on the 10-year Treasury note US10YT=RR was last at 4.8504%, after breaching the 5% mark in the previous session.
"Yesterday, Bill Ackman, head at Pershing Square, (who's) been very bearish on U.S. bonds for a number of months closed that bearish position ... he's got a very good track record from a macro perspective of calling things well in the past," said Dan Boardman-Weston, chief executive officer at BRI Wealth Management.
"The impact that interest rates have on an economy are lagged, so we're only now just really starting to see those rate increases bite and start to impact the underlying economy."
Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.2% and 2.4%.
U.S. technology giants are expected to post their strongest quarterly revenue growth in at least a year as their legacy businesses have stabilized, with Microsoft MSFT.O and Alphabet GOOGL.O scheduled to report results after markets close on Tuesday.
Of the 86 companies in the S&P 500 .SPX that have reported earnings so far, 78% have topped analysts' expectations, LSEG data showed. Overall, third-quarter earnings are expected to rise 1.2% year-on-year.
The benchmark index has fallen sharply from its July highs on worries the Federal Reserve could keep its monetary policy restrictive for longer than expected against the backdrop of a still-strong economy, though the index is up nearly 10% this year as of last close.
On the data front, investors will closely monitor the S&P Global Purchasing Managers' Index for manufacturing and services to assess the strength of the American economy.
The Commerce Department will announce third-quarter GDP on Thursday, which is seen accelerating to 4.3%. Its wide-ranging Personal Consumption Expenditures (PCE) report is due on Friday.
The turmoil in the Middle East is also in focus as Israel intensifies its assault on Hamas in Gaza.
At 8:37 a.m. ET, Dow e-minis 1YMcv1 were up 164 points, or 0.5%, S&P 500 e-minis EScv1 were up 24.75 points, or 0.58%, and Nasdaq 100 e-minis NQcv1 were up 87.5 points, or 0.59%.
NvidiaNVDA.O rose 1.4% after Reuters reported the chip giant had quietly begun designing central processing units that would run Microsoft's Windows operating system and use technology from Arm Holdings ARM.O.
Peer Arm was up 2.4% while Intel INTC.O was down 0.4%.
VerizonVZ.N added 4.1% after the U.S. wireless carrier raised its annual free cash flow forecast.
Shares of Coinbase COIN.O, Riot Platforms RIOT.O and Marathon Digital MARA.O rose between 8.4% and 14.7% as BitcoinBTC=BTSP jumped to a more than one-year high.
(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru Editing by Vinay Dwivedi)
((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@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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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.2% and 2.4%. General ElectricGE.N jumped 5.9% in premarket trading after the aircraft engine manufacturer lifted its full-year profit forecast, while Coca-ColaKO.N advanced 2.8% on raising its annual sales outlook. U.S. technology giants are expected to post their strongest quarterly revenue growth in at least a year as their legacy businesses have stabilized, with Microsoft MSFT.O and Alphabet GOOGL.O scheduled to report results after markets close on Tuesday.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.2% and 2.4%. Coca-Cola raises annual sales forecast 3M raises FY adjusted profit forecast GM withdraws 2023 guidance, beats Q3 profit estimates General Electric raises FY profit forecast Futures up: Dow 0.50%, S&P 0.58%, Nasdaq 0.59% Updated at 8:37 a.m. ET/ 1237 GMT By Shubham Batra and Shashwat Chauhan Oct 24 (Reuters) - Wall Street's main indexes were set to open higher as a selloff in U.S. Treasuries eased on Tuesday, while shares of General Electric and Coca-Cola surged on upbeat forecasts. General ElectricGE.N jumped 5.9% in premarket trading after the aircraft engine manufacturer lifted its full-year profit forecast, while Coca-ColaKO.N advanced 2.8% on raising its annual sales outlook.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.2% and 2.4%. Coca-Cola raises annual sales forecast 3M raises FY adjusted profit forecast GM withdraws 2023 guidance, beats Q3 profit estimates General Electric raises FY profit forecast Futures up: Dow 0.50%, S&P 0.58%, Nasdaq 0.59% Updated at 8:37 a.m. ET/ 1237 GMT By Shubham Batra and Shashwat Chauhan Oct 24 (Reuters) - Wall Street's main indexes were set to open higher as a selloff in U.S. Treasuries eased on Tuesday, while shares of General Electric and Coca-Cola surged on upbeat forecasts. U.S. technology giants are expected to post their strongest quarterly revenue growth in at least a year as their legacy businesses have stabilized, with Microsoft MSFT.O and Alphabet GOOGL.O scheduled to report results after markets close on Tuesday.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.2% and 2.4%. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Overall, third-quarter earnings are expected to rise 1.2% year-on-year.
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12952.0
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2023-10-24 00:00:00 UTC
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EXCLUSIVE-Apple to make tools and parts to fix phones, computers available nationwide - White House
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AAPL
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https://www.nasdaq.com/articles/exclusive-apple-to-make-tools-and-parts-to-fix-phones-computers-available-nationwide-white
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By Andrea Shalal
WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said.
National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country.
The event is part of U.S. President Joe Biden's push to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers. The latest effort is aimed at giving consumers more control over fixing what they own, from tractors to smart phones.
Brainard said California, Colorado, New York and Minnesota had already passed right to repair laws, and 30 other states had introduced similar legislation.
She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
(Reporting by Andrea Shalal; Editing by Lisa Shumaker)
((andrea.shalal@tr.com; +1 202-815-7432;))
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 Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. The event is part of U.S. President Joe Biden's push to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. The event is part of U.S. President Joe Biden's push to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers.
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12953.0
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2023-10-24 00:00:00 UTC
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The Zacks Analyst Blog Highlights Meta Platforms, Apple, Amazon, Alphabet and Microsoft
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-meta-platforms-apple-amazon-alphabet-and-microsoft
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For Immediate Release
Chicago, IL – October 24, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT.
Here are highlights from Monday’s Analyst Blog:
Big Q3 Earnings Coming Our Way: MSFT, GOOGL & More
Markets closed yesterrday back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession. The Dow slipped -190 points today, -0.58%, while the Nasdaq gained +34 points, +0.27%. The S&P 500 split the difference, -0.17%, while the small-cap Russell 2000 lost -0.69%.
The key phrase there is "Q3 earnings season thus far"... Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms, Apple, Amazon, Alphabet — as well as Microsoft and many others are issuing quarterly reports this week. The basic hugeness of these firms, many of which also constitute the "Magnificent 7" stocks that rose to year-to-date highs on prospective strength in the A.I. space, means they can change the trajectory of earnings season all by themselves.
Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps). The 2-year, which looked willing to give up the inversion of the yield curve earlier, only came down to +5.06% — a scant 5 bps or so. For certain, bond yields are doing some of the Fed's work for them, curbing any excessive appetite in the equities market.
You can tell a lot about the economic health of the U.S. just by tracking thoese companies alone. Continued positive results would keep some upward pressure on stocks, but it's unclear how much. In normal times, with bond yields so low as to be easily dismissed, strong earnings numbers would send markets on an end-of-the-year surge.
Questions or comments about this article and/or author? Click here>>
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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.
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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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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.
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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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Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession.
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Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : 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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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT. Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps).
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Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps).
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12954.0
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2023-10-24 00:00:00 UTC
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Nvidia Just Teamed Up With Foxconn to Take On Tesla
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AAPL
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https://www.nasdaq.com/articles/nvidia-just-teamed-up-with-foxconn-to-take-on-tesla
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nan
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For Tesla (NASDAQ: TSLA) investors, the future of your investment really depends on autonomous driving. After all, on the latest conference call with analysts, CEO Elon Musk said that while Tesla may look expensive for a car company, "success in this regard in the long term, I think, has the potential to make Tesla the most valuable company in the world by far." He added, "If you have fully autonomous cars at scale and fully autonomous humanoid robots that are truly useful, it's not clear what the limit is."
On the positive side, it appears that other large tech companies may agree with Musk, as they are each pursuing the same technology. On the downside, they are also incredibly competitive AI companies such as Nvidia (NASDAQ: NVDA) and Foxconn, whose parent company is Hon Hai Precision (OTC: HNHPF).
These two recently announced they're teaming up to turbocharge their autonomous vehicle game and take on Tesla.
Foxconn aims to become the biggest EV assembler in the world
You may know Foxconn as the main assembler of iPhones in China, but the global electronics manufacturing giant is now aiming at the electric vehicle market as a key future growth driver. This includes the production of standardized parts and platforms, which automakers can use in their own branded EV designs.
In fact, Foxconn believes it can use its incredible economies of scale and buying power to become the largest electric vehicle contract assembler in the world. Back in March, TechCrunch reported that while Foxconn was targeting 5% of the EV market by 2025, it also harbors ambitions to build 50% of all EVs over the long-term.
The automobile industry is shifting from an old model when car companies would design their own engines and proprietary parts to one more like the electronics industry, in which OEMs use mostly outsourced semiconductors made by parts specialists. Foxconn is hoping to lead this change, developing a supply chain of battery and chip specialists. The company even bought the old General Motors plant in Lordstown, Ohio, back in 2021, as a step toward this EV future.
Nvidia and Foxconn team up to take on Tesla
Last week, Nvidia and Foxconn announced a new partnership, in which Nvidia will provide artificial intelligence infrastructure to Foxconn. These partnerships appear to span three realms: helping Foxconn's customers implement AI, bringing artificial intelligence and automation to Foxconn's own factories, and to add Nvidia's autonomous driving capabilities to Foxconn's EV manufacturing platforms.
One of the key parts for future cars is the electronic control unit, or the "brain" that senses a car's surrounding environment and reacts autonomously.
The new Nvidia collaboration will bring Nvidia's DRIVE Hyperion 9, its ECU powered by the Nvidia Thor, its system-on-a-chip designed for autonomous driving applications. The press release said:
As a contract manufacturer, Foxconn will offer highly automated and autonomous, AI-rich EVs featuring the upcoming NVIDIA DRIVE Hyperion 9 platform, which includes DRIVE Thor and a state-of-the-art sensor architecture. This will enable Foxconn and its automotive customers to realize a new era of functionally safe and secure software-defined cars.
Look out Tesla?
If Tesla (NASDAQ: TSLA) is regarded as the Apple of electric vehicles, then Foxconn aspires to be the "Android." counterpart. Of course, while Tesla does have a custom FSD chip on board its vehicles, it also uses Nvidia chips to for training those AI autonomy models.
Tesla CEO Elon Musk has pointed to Tesla's full self-driving mode as a key determinant of Tesla's future value. However, it is unclear whether Tesla can be truly differentiated on this front if it still uses Nvidia chips, at least for training. Moreover, as Nvidia clearly has excellent tech, it's unclear if Tesla's on-board autonomous chip can really win out over Nvidia's Thor, which other brands can access.
If Nvidia and Foxconn partner closely, using Nvidia's leading AI technology chops and Foxconn's scale to gather data, it could pose a threat to Tesla's presumptive lead in autonomy, whether for a robo-taxi service or other market-leading capabilities.
Of course, Foxconn is just at the beginning of its EV journey, targeting the 5% threshold. Tesla currently has a 50% share in U.S. electric vehicles, but that market share is slipping, down from 65% last year, as more models enter the market. And of course, Tesla's share is lower in other countries.
Scale generates more data, which is then processed, which leads to greater autonomous capabilities. But if Tesla and Foxconn's customers have the same processing capabilities and Foxconn can scale through its third-party customers, it may generate a comparable competitive autonomous capability in the future.
While this is not an immediate concern, it is something for Tesla shareholders to monitor.
10 stocks we like better than Nvidia
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*Stock Advisor returns as of October 23, 2023
Billy Duberstein has positions in Apple. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple, Nvidia, 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.
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 fact, Foxconn believes it can use its incredible economies of scale and buying power to become the largest electric vehicle contract assembler in the world. The company even bought the old General Motors plant in Lordstown, Ohio, back in 2021, as a step toward this EV future. This will enable Foxconn and its automotive customers to realize a new era of functionally safe and secure software-defined cars.
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These partnerships appear to span three realms: helping Foxconn's customers implement AI, bringing artificial intelligence and automation to Foxconn's own factories, and to add Nvidia's autonomous driving capabilities to Foxconn's EV manufacturing platforms. The press release said: As a contract manufacturer, Foxconn will offer highly automated and autonomous, AI-rich EVs featuring the upcoming NVIDIA DRIVE Hyperion 9 platform, which includes DRIVE Thor and a state-of-the-art sensor architecture. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors.
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Nvidia and Foxconn team up to take on Tesla Last week, Nvidia and Foxconn announced a new partnership, in which Nvidia will provide artificial intelligence infrastructure to Foxconn. These partnerships appear to span three realms: helping Foxconn's customers implement AI, bringing artificial intelligence and automation to Foxconn's own factories, and to add Nvidia's autonomous driving capabilities to Foxconn's EV manufacturing platforms. If Nvidia and Foxconn partner closely, using Nvidia's leading AI technology chops and Foxconn's scale to gather data, it could pose a threat to Tesla's presumptive lead in autonomy, whether for a robo-taxi service or other market-leading capabilities.
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After all, on the latest conference call with analysts, CEO Elon Musk said that while Tesla may look expensive for a car company, "success in this regard in the long term, I think, has the potential to make Tesla the most valuable company in the world by far." Look out Tesla? The Motley Fool has positions in and recommends Apple, Nvidia, and Tesla.
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12955.0
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2023-10-24 00:00:00 UTC
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2 Beaten-Down Stocks That Haven't Been This Cheap in Over 6 Years
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AAPL
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https://www.nasdaq.com/articles/2-beaten-down-stocks-that-havent-been-this-cheap-in-over-6-years
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Many growth stocks have come under pressure this year due to worsening macroeconomic conditions. Investors are concerned about inflation and a slowdown in the economy. Two stocks that have been struggling for several years are Medtronic (NYSE: MDT) and PayPal (NASDAQ: PYPL). Their performances have been so bad that their share prices are trading around the levels they were six years ago. What's behind their struggles, and are these stocks worth picking up right now?
1. Medtronic
Medtronic is a huge medical device company that has operations in more than 150 countries. Its products are used to help treat more than 70 medical conditions. But despite having a strong presence in the healthcare industry, the stock has struggled mightily. Since 2021, shares of Medtronic have fallen 38%. Today, the stock is trading at about $73 per share, which is about the same as in late 2016.
The pandemic disrupted supply chains and the company's operations in China due to lockdowns. And Medtronic's exposure to China is also a bit concerning because the company expects that by the end of the current fiscal year, as much as 80% of its portfolio there will be discounted due to the country's volume-based procurement, in which it buys in bulk in exchange for lower prices. That's up from around half of its portfolio in China that faces significant discounts today.
But despite the headwinds Medtronic is facing, the business isn't expecting a huge drop-off in earnings. This year, it is projecting its organic revenue will grow at a rate of 4.5%. And its adjusted earnings per share (EPS) will be within a range of $5.08 to $5.16. That's down from the $5.29 in adjusted EPS it posted in its most recent fiscal year (which ended in April), but it's not a huge decline.
There are still reasons to remain bullish on Medtronic. The company has generated $4.4 billion in free cash flow during the trailing 12 months and its profit margin remains strong at about 11% of revenue. Medtronic's stock is trading at 14 times its estimated future profits, and while it does come with a bit of risk, it could be an underrated investment to consider buying and holding. It is a leading company in medical devices, and that can lead to strong, persistent growth in the long haul.
2. PayPal
Fintech PayPal has performed even worse than Medtronic in recent years. Since 2021, its shares have plummeted 77%. E-commerce platform eBay, which once was partners with PayPal, no longer allows sellers to use PayPal to process payments. That's a huge blow to PayPal, and with more payment options out there from Apple and other companies, competition is also heating up. There's plenty of bearishness surrounding the business right now. At about $53, PayPal shares haven't been this low since mid-2017.
On top of those headwinds, Chief Executive Officer Dan Schulman is retiring, creating more uncertainty around the business and the direction it will be heading in. Plus, inflation and challenging economic conditions have raised concerns about discretionary spending and how much activity there will be on PayPal's platform.
But despite the challenges, this is a company that is still doing well. In its most recent earnings report, revenue rose 7% from a year earlier to $7.3 billion, and PayPal also posted a $1 billion profit (versus a loss of $341 million a year ago). The company also brings in about $5 billion in free cash flow annually. And PayPal is still a big name in online payment processing. According to Digital Commerce 360, more than 80% of the top online retailers it ranks accept PayPal as a form of payment.
PayPal is a struggling stock that could surprise investors who are willing to take a chance on it. At less than 10 times its estimated future profits, it looks like a potential bargain.
10 stocks we like better than Medtronic
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David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and PayPal. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short October 2023 $52.50 calls on eBay. 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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And Medtronic's exposure to China is also a bit concerning because the company expects that by the end of the current fiscal year, as much as 80% of its portfolio there will be discounted due to the country's volume-based procurement, in which it buys in bulk in exchange for lower prices. Medtronic's stock is trading at 14 times its estimated future profits, and while it does come with a bit of risk, it could be an underrated investment to consider buying and holding. On top of those headwinds, Chief Executive Officer Dan Schulman is retiring, creating more uncertainty around the business and the direction it will be heading in.
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But despite the headwinds Medtronic is facing, the business isn't expecting a huge drop-off in earnings. Medtronic's stock is trading at 14 times its estimated future profits, and while it does come with a bit of risk, it could be an underrated investment to consider buying and holding. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short October 2023 $52.50 calls on eBay.
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Two stocks that have been struggling for several years are Medtronic (NYSE: MDT) and PayPal (NASDAQ: PYPL). PayPal Fintech PayPal has performed even worse than Medtronic in recent years. In its most recent earnings report, revenue rose 7% from a year earlier to $7.3 billion, and PayPal also posted a $1 billion profit (versus a loss of $341 million a year ago).
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Medtronic Medtronic is a huge medical device company that has operations in more than 150 countries. But despite the headwinds Medtronic is facing, the business isn't expecting a huge drop-off in earnings. In its most recent earnings report, revenue rose 7% from a year earlier to $7.3 billion, and PayPal also posted a $1 billion profit (versus a loss of $341 million a year ago).
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2023-10-24 00:00:00 UTC
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Is Fidelity Value Factor ETF (FVAL) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-fidelity-value-factor-etf-fval-a-strong-etf-right-now
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The Fidelity Value Factor ETF (FVAL) made its debut on 09/12/2016, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large 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.
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.
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
The fund is sponsored by Fidelity. It has amassed assets over $520.37 million, making it one of the average sized ETFs in the Style Box - Large Cap Value. This particular fund seeks to match the performance of the Fidelity U.S. Value Factor Index before fees and expenses.
The Fidelity U.S. Value Factor Index reflects the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.
Cost & Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
With on par with most peer products in the space, this ETF has annual operating expenses of 0.29%.
The fund has a 12-month trailing dividend yield of 1.77%.
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.
This ETF has heaviest allocation in the Information Technology sector - about 25.80% of the portfolio. Financials and Healthcare round out the top three.
When you look at individual holdings, Apple Inc (AAPL) accounts for about 7.87% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL).
Its top 10 holdings account for approximately 33.91% of FVAL's total assets under management.
Performance and Risk
The ETF has added about 7.91% and was up about 10.61% so far this year and in the past one year (as of 10/24/2023), respectively. FVAL has traded between $42.39 and $50.98 during this last 52-week period.
FVAL has a beta of 1.05 and standard deviation of 17.75% for the trailing three-year period. With about 130 holdings, it effectively diversifies company-specific risk.
Alternatives
Fidelity Value Factor ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard High Dividend Yield ETF (VYM) tracks FTSE High Dividend Yield Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index. Vanguard High Dividend Yield ETF has $46.53 billion in assets, Vanguard Value ETF has $95.37 billion. VYM has an expense ratio of 0.06% 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.
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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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Fidelity Value Factor ETF (FVAL): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
Vanguard High Dividend Yield ETF (VYM): 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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When you look at individual holdings, Apple Inc (AAPL) accounts for about 7.87% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL). Click to get this free report Fidelity Value Factor ETF (FVAL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. The Fidelity Value Factor ETF (FVAL) made its debut on 09/12/2016, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Value category of the market.
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Click to get this free report Fidelity Value Factor ETF (FVAL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. When you look at individual holdings, Apple Inc (AAPL) accounts for about 7.87% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL). Vanguard High Dividend Yield ETF (VYM) tracks FTSE High Dividend Yield Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index.
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Click to get this free report Fidelity Value Factor ETF (FVAL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. When you look at individual holdings, Apple Inc (AAPL) accounts for about 7.87% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL). Vanguard High Dividend Yield ETF (VYM) tracks FTSE High Dividend Yield Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index.
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When you look at individual holdings, Apple Inc (AAPL) accounts for about 7.87% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL). Click to get this free report Fidelity Value Factor ETF (FVAL): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. The Fidelity Value Factor ETF (FVAL) made its debut on 09/12/2016, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Value category of the market.
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12957.0
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2023-10-24 00:00:00 UTC
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US STOCKS-Futures advance as Treasury yields take a breather; earnings in focus
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-advance-as-treasury-yields-take-a-breather-earnings-in-focus
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Coca-Cola raises annual sales forecast
3M raises FY adjusted profit forecast
GM withdraws 2023 guidance, beats Q3 profit estimates
General Electric raises FY profit forecast
Futures up: Dow 0.43%, S&P 0.52%, Nasdaq 0.59%
Updated at 6:58 a.m. ET/ 1058 GMT
By Shubham Batra and Shashwat Chauhan
Oct 24 (Reuters) - Futures tracking Wall Street's main indexes gained on Tuesday as a selloff in U.S. Treasuries eased a day after the benchmark 10-year yield crossed 5%, while investors assessed earnings from General Electric, Coca-Cola and other companies.
General ElectricGE.N jumped 6.4% in premarket trading after the aircraft engine manufacturer raised its full-year profit forecast.
General MotorsGM.N added 1.5% after beating third-quarter profit estimates, while 3MMMM.N gained 4.1% after raising its full-year adjusted profit forecast.
Coca-ColaKO.N advanced 1.6% after raising its annual sales forecast.
The yield on the 10-year note US10YT=RR was last at 4.8631%, after rising above the 5% mark in the previous session.
"It is too soon to call a directional shift lower in yields and instead we could settle in a range between 4.50% and 5% for the 10-yr until incoming data challenges the readjustment," strategists at Societe Generale said in a note.
"The shift is not driven by new macro insights from the data on the economy or Fed policy and therefore urges caution."
Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.3% and 2.2%.
U.S. technology giants are expected to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, with Microsoft MSFT.O and Alphabet GOOGL.O scheduled to report results after markets close on Tuesday.
Of the 86 companies in the S&P 500 that have reported earnings so far, 78% have topped analysts' expectations, LSEG data showed. Overall, third-quarter earnings are expected to rise 1.2% year-on-year.
The benchmark index has fallen sharply from its July highs on worries the Federal Reserve could keep its monetary policy restrictive for longer than expected against the backdrop of a still-strong economy, though the index is up nearly 10% this year as of last close.
The S&P 500 .SPX and the Dow .DJI ended lower on Monday, while the Nasdaq .IXIC managed to eke out gains as Nvidia NVDA.O and Microsoft climbed.
On the data front, investors will closely monitor S&P Global's manufacturing and services Purchasing Managers' Index to assess the strength of the American economy.
The Commerce Department will announce third-quarter GDP on Thursday, which is seen accelerating to 4.3%. Its wide-ranging Personal Consumption Expenditures (PCE) report, due on Friday, is expected to show PCE slipping to 3.4% in September from 3.5% the month before.
The turmoil in the Middle East is also focus as Israel intensified its assault on Hamas in Gaza.
At 6:58 a.m. ET, Dow e-minis 1YMcv1 were up 143 points, or 0.43%, S&P 500 e-minis EScv1 were up 22.25 points, or 0.52%, and Nasdaq 100 e-minis NQcv1 were up 86.5 points, or 0.59%.
NvidiaNVDA.O rose 1.5% after Reuters reported the chip giant had quietly begun designing central processing units that would run Microsoft's Windows operating system and use technology from Arm Holdings ARM.O.
Arm was up 2.6% while Intel INTC.O was down 0.5%.
Crypto-linked stocks rose for a second consecutive session as BitcoinBTC=BTSP jumped to a more than one-year high, lifting shares of Coinbase COIN.O, Riot Platforms RIOT.O and Marathon Digital MARA.O between 7.7% and 13.5%.
(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru Editing by Vinay Dwivedi)
((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@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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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.3% and 2.2%. U.S. technology giants are expected to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, with Microsoft MSFT.O and Alphabet GOOGL.O scheduled to report results after markets close on Tuesday. NvidiaNVDA.O rose 1.5% after Reuters reported the chip giant had quietly begun designing central processing units that would run Microsoft's Windows operating system and use technology from Arm Holdings ARM.O.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.3% and 2.2%. Coca-Cola raises annual sales forecast 3M raises FY adjusted profit forecast GM withdraws 2023 guidance, beats Q3 profit estimates General Electric raises FY profit forecast Futures up: Dow 0.43%, S&P 0.52%, Nasdaq 0.59% Updated at 6:58 a.m. ET/ 1058 GMT By Shubham Batra and Shashwat Chauhan Oct 24 (Reuters) - Futures tracking Wall Street's main indexes gained on Tuesday as a selloff in U.S. Treasuries eased a day after the benchmark 10-year yield crossed 5%, while investors assessed earnings from General Electric, Coca-Cola and other companies. General ElectricGE.N jumped 6.4% in premarket trading after the aircraft engine manufacturer raised its full-year profit forecast.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.3% and 2.2%. Coca-Cola raises annual sales forecast 3M raises FY adjusted profit forecast GM withdraws 2023 guidance, beats Q3 profit estimates General Electric raises FY profit forecast Futures up: Dow 0.43%, S&P 0.52%, Nasdaq 0.59% Updated at 6:58 a.m. ET/ 1058 GMT By Shubham Batra and Shashwat Chauhan Oct 24 (Reuters) - Futures tracking Wall Street's main indexes gained on Tuesday as a selloff in U.S. Treasuries eased a day after the benchmark 10-year yield crossed 5%, while investors assessed earnings from General Electric, Coca-Cola and other companies. General MotorsGM.N added 1.5% after beating third-quarter profit estimates, while 3MMMM.N gained 4.1% after raising its full-year adjusted profit forecast.
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Megacaps including Apple AAPL.O, Tesla TSLA.O, Meta Platforms META.O and Amazon.com AMZN.O rose between 0.3% and 2.2%. Overall, third-quarter earnings are expected to rise 1.2% year-on-year. The benchmark index has fallen sharply from its July highs on worries the Federal Reserve could keep its monetary policy restrictive for longer than expected against the backdrop of a still-strong economy, though the index is up nearly 10% this year as of last close.
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12958.0
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2023-10-24 00:00:00 UTC
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3 AI Stocks to Buy Now to Turn $5,000 Into $15,000
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AAPL
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https://www.nasdaq.com/articles/3-ai-stocks-to-buy-now-to-turn-%245000-into-%2415000
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s nearly impossible to keep up with all the advancements in artificial intelligence (AI) stocks. In fact, as noted by TechXplore.com, “It has become nearly impossible for human researchers to keep track of the overwhelming abundance of scientific publications in the field of artificial intelligence and to stay up-to-date with advances.”
What we do know is the AI story won’t slow any time soon. Instead, the AI boom — which could be worth $1.8 trillion by 2030 — is already changing just about everything, including drug discovery, education, finances, legal issues and cyber threats. In short, the AI boom is just getting started, and there’s still plenty of money to be made from it.
Here are three hot stocks you may want to consider today.
AI Stocks: Apple (AAPL)
Source: askarim / Shutterstock
Apple (NASDAQ:AAPL) may be a $173 stock at the moment but it could easily double — even triple. That could happen while it attempts to catch up with generative AI companies, like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).
In fact, according to Bloomberg, Apple will spend about $1 billion a year developing generative AI products just to catch its competitors. Granted, the company uses AI in some of its products, but it hasn’t launched a generative AI product like OpenAI, for example. Right now, all we know is Apple may want to integrate AI into Siri and Apple Music.
Better, as noted by Seeking Alpha, “Apple’s software engineering teams are also reportedly looking at integrating generative AI into development tools like Xcode, which could help app developers write new applications more quickly.”
SoundHound AI (SOUN)
Source: Tada Images / Shutterstock
SoundHound AI (NASDAQ:SOUN) — which I’ve mentioned a few times — is a leader in conversational intelligence, offering voice AI solutions that allow businesses to offer conversational experiences to their customers.
Granted, that may not sound exciting but consider this.
At the moment, the company is working to integrate voice assistants into vehicles and restaurants. As I noted on June 27, both of these could bring in more than $500 million a year in revenue for the company. Even better, according to Automotive World, about 90% of new vehicles are expected to have embedded voice assistants by 2028 — another massive catalyst for SOUN.
The company also estimates its total addressable market could be up to $160 billion by 2026. Two, it is growing its revenue by 40% year-over-year. Three, SOUN is inking big deals with companies such as Oracle (NYSE:ORCL), Toast (NYSE:TOST), Block (NYSE:SQ), Hyundai (OTCMKTS:HYMTF) and Stellantis (NYSE:STLA).
Roundhill Generative AI & Technology ETF (CHAT)
Source: Andrey Suslov / Shutterstock.com
Or, if you want to diversify with 36 top generative AI stocks, look at an ETF such as Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT). With an expense ratio of 0.75%, the ETF provides exposure to companies involved in generative AI and related technologies, as noted by Roundhill Investments.
Some of its top holdings include Nvidia (NASDAQ:NVDA), Microsoft, Alphabet, Adobe (NASDAQ:ADBE), Meta Platforms (NASDAQ:META) and Advanced Micro Devices (NASDAQ:AMD) — to name a few. While its chart isn’t too attractive at the moment, thanks to market volatility, give it time. With patience, we’d like to see the CHAT ETF run from its current price of $26 back to $30.50 — initially.
On the date of publication, Ian Cooper did not hold (directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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The post 3 AI Stocks to Buy Now to Turn $5,000 Into $15,000 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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AI Stocks: Apple (AAPL) Source: askarim / Shutterstock Apple (NASDAQ:AAPL) may be a $173 stock at the moment but it could easily double — even triple. In fact, as noted by TechXplore.com, “It has become nearly impossible for human researchers to keep track of the overwhelming abundance of scientific publications in the field of artificial intelligence and to stay up-to-date with advances.” What we do know is the AI story won’t slow any time soon. Instead, the AI boom — which could be worth $1.8 trillion by 2030 — is already changing just about everything, including drug discovery, education, finances, legal issues and cyber threats.
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AI Stocks: Apple (AAPL) Source: askarim / Shutterstock Apple (NASDAQ:AAPL) may be a $173 stock at the moment but it could easily double — even triple. Better, as noted by Seeking Alpha, “Apple’s software engineering teams are also reportedly looking at integrating generative AI into development tools like Xcode, which could help app developers write new applications more quickly.” SoundHound AI (SOUN) Source: Tada Images / Shutterstock SoundHound AI (NASDAQ:SOUN) — which I’ve mentioned a few times — is a leader in conversational intelligence, offering voice AI solutions that allow businesses to offer conversational experiences to their customers. Some of its top holdings include Nvidia (NASDAQ:NVDA), Microsoft, Alphabet, Adobe (NASDAQ:ADBE), Meta Platforms (NASDAQ:META) and Advanced Micro Devices (NASDAQ:AMD) — to name a few.
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AI Stocks: Apple (AAPL) Source: askarim / Shutterstock Apple (NASDAQ:AAPL) may be a $173 stock at the moment but it could easily double — even triple. That could happen while it attempts to catch up with generative AI companies, like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). Better, as noted by Seeking Alpha, “Apple’s software engineering teams are also reportedly looking at integrating generative AI into development tools like Xcode, which could help app developers write new applications more quickly.” SoundHound AI (SOUN) Source: Tada Images / Shutterstock SoundHound AI (NASDAQ:SOUN) — which I’ve mentioned a few times — is a leader in conversational intelligence, offering voice AI solutions that allow businesses to offer conversational experiences to their customers.
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AI Stocks: Apple (AAPL) Source: askarim / Shutterstock Apple (NASDAQ:AAPL) may be a $173 stock at the moment but it could easily double — even triple. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s nearly impossible to keep up with all the advancements in artificial intelligence (AI) stocks. In fact, according to Bloomberg, Apple will spend about $1 billion a year developing generative AI products just to catch its competitors.
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12959.0
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2023-10-24 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-3
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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 Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 93% 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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
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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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Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet.
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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Of the 22 guru strategies we follow, AAPL rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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12960.0
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2023-10-24 00:00:00 UTC
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Corning's shares fall as the Apple supplier forecasts Q4 core sales below estimates
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AAPL
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https://www.nasdaq.com/articles/cornings-shares-fall-as-the-apple-supplier-forecasts-q4-core-sales-below-estimates
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Oct 24 (Reuters) - Corning GLW.N forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector.
Shares of Corning, whose Gorilla Glass is used by the likes of Samsung 005930.KS and Apple AAPL.O, fell nearly 4% before the bell.
The company expects core sales of about $3.25 billion in the three months through December, compared with analysts' estimate of $3.56 billion, according to LSEG data.
In the third quarter, its core sales fell by about 6% to $3.46 billion, missing estimates of $3.50 billion.
The optical communications unit, one of Corning's main revenue generators, saw its net sales decline by more than 30%.
"Our markets continue to reflect demand below trend lines," CEO Wendell Weeks said.
But revenue from the specialty materials business, which includes the widely used Gorilla Glass, rose about 8% thanks to the launch of Apple's new iPhone 15 lineup.
Data from Counterpoint Research shows that the global smartphone market shrunk by 8% to its lowest third-quarter level in a decade, showing only a marginal improvement from the prior quarter.
The company forecast fourth-quarter core earnings of between 37 cents and 42 cents per share, below estimates of 50 cents per share.
It posted quarterly adjusted profit of 45 cents per share, missing analysts' estimate of 47 cents per share.
Corning has aggressively cut costs and hiked prices by about 20% over the past quarters to cope with bleak demand and tough economic conditions. Its core gross margin improved by 90 basis points year-on-year to 37% in the third quarter.
(Reporting by Arsheeya Bajwa in Bengaluru; editing by Milla Nissi)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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 Corning, whose Gorilla Glass is used by the likes of Samsung 005930.KS and Apple AAPL.O, fell nearly 4% before the bell. Oct 24 (Reuters) - Corning GLW.N forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector. But revenue from the specialty materials business, which includes the widely used Gorilla Glass, rose about 8% thanks to the launch of Apple's new iPhone 15 lineup.
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Shares of Corning, whose Gorilla Glass is used by the likes of Samsung 005930.KS and Apple AAPL.O, fell nearly 4% before the bell. Oct 24 (Reuters) - Corning GLW.N forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector. In the third quarter, its core sales fell by about 6% to $3.46 billion, missing estimates of $3.50 billion.
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Shares of Corning, whose Gorilla Glass is used by the likes of Samsung 005930.KS and Apple AAPL.O, fell nearly 4% before the bell. Oct 24 (Reuters) - Corning GLW.N forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector. The company forecast fourth-quarter core earnings of between 37 cents and 42 cents per share, below estimates of 50 cents per share.
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Shares of Corning, whose Gorilla Glass is used by the likes of Samsung 005930.KS and Apple AAPL.O, fell nearly 4% before the bell. Oct 24 (Reuters) - Corning GLW.N forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sector. The company forecast fourth-quarter core earnings of between 37 cents and 42 cents per share, below estimates of 50 cents per share.
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12961.0
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2023-10-24 00:00:00 UTC
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Looking for Tech Stocks? These 3 Are Great Buys.
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AAPL
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https://www.nasdaq.com/articles/looking-for-tech-stocks-these-3-are-great-buys.-2
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There's been a slight sell-off in the tech market, with the Nasdaq-100 Technology Sector index dipping almost 10% since the start of August. A looming recession has Wall Street concerned that companies may suffer slower-than-normal sales over the coming holiday season and into 2024.
However, recent headwinds are why it's crucial to keep a long-term perspective on tech stocks. The industry has much to offer patient investors as companies innovate and continue pushing the sector forward. As a result, the recent dip in the market could be the perfect time to invest and take advantage of cheaper prices.
In 2023, companies active in high-growth industries such as artificial intelligence (AI), virtual/augmented reality (VR/AR), and cloud computing are particularly attractive. These markets are expanding fast and could provide significant gains in the coming years.
So, here are three great tech stocks to buy right now.
1. Amazon
Amazon (NASDAQ: AMZN) shares have tumbled 5% since Aug. 1, yet have soared 49% year to date. Investors have mostly remained optimistic about the company as its earnings steadily improved from last year. In 2022, macroeconomic headwinds curbed consumer spending and caused steep declines in Amazon's e-commerce business. However, in the second quarter of 2023, the company's North America segment hit more than $3 billion in operating income after recording a loss of $627 million in the year-ago period.
The improvement came after a string of restructuring moves that illustrated the strength of Amazon's management.
Alongside a correction in its retail business, the company has gone full force into AI this year. Its cloud platform, Amazon Web Services, has unveiled several new AI tools directed at a wide range of businesses, developers, and even healthcare providers. Meanwhile, Amazon has plans to diversify its position in the high-growth sector by venturing into chip development, which could see it go head-to-head with market leader Nvidia.
Amazon is on a promising growth path, and Wall Street seems to agree, as 49 out of 51 analysts hold a buy/strong buy rating for the company's stock. Additionally, the retail giant's average 12-month price target is $172, projecting stock growth of 37%. As Amazon expands in both e-commerce and AI, its stock is just too good to pass up.
2. Apple
Apple's (NASDAQ: AAPL) stock has fallen about 12% since reporting dismal earnings at the start of August. Poor economic conditions have caught up with the company, with repeated dips in product sales and three consecutive quarters of revenue declines. However, Apple remains the biggest name in consumer tech and is making moves to secure its long-term future.
Over the last five years, Apple's annual revenue climbed about 52%, with operating income up 87%. Its stock has soared up to 215% in that time, more than Microsoft, Alphabet, or Amazon. Apple's business has hit record heights over the years, achieving leading market shares in multiple product categories, including smartphones, tablets, headphones, and smartwatches.
Going forward, Apple is diversifying its business with expansion into digital services and AI. These markets could make the company less vulnerable to macro factors as it can lean less on product sales. Apple's services segment has already proved a particularly lucrative area for the company, with revenue rising 14% year over year in fiscal 2022 and 8% in Q3 2023. Meanwhile, the tech giant is investing heavily in AI and plans to debut its first VR/AR headset next year.
Apple is a behemoth in the tech world. It has faced challenges in 2023, but I wouldn't bet against its long-term potential. The recent dip makes its stock a screaming buy right now.
3. Advanced Micro Devices
The tech market is expanding quickly, with demand for chips rising in equal measure. As a result, it's not a bad idea to invest in a chipmaker like Advanced Micro Devices (NASDAQ: AMD) while chip-dependent markets like AI, cloud computing, and VR/AR still have massive growth potential.
AMD won over stockholders this year, with its stock rising 57% since Jan. 1. Investors have rallied over the company's prospects in AI as it gradually made moves to challenge Nvidia's dominance next year. AMD will launch the next installment in its MI300 line of chips in 2024, a powerful graphics processing unit meant to compete directly with Nvidia's offerings.
Moreover, the tech giant has become the go-to for countless companies seeking high-powered chips to take their devices to the next level. AMD exclusively supplies chips to Sony's PlayStation 5 and Microsoft's Xbox Series X|S game consoles while also lending its hardware to multiple handheld gaming devices, laptops, and PCs.
AMD's chips are powering the future, with its stock allowing investors to profit from the growth of multiple markets. The company's business is developing quickly, and it could be worth investing in its potential.
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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 Advanced Micro Devices, Alphabet, Amazon.com, 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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Apple Apple's (NASDAQ: AAPL) stock has fallen about 12% since reporting dismal earnings at the start of August. Its cloud platform, Amazon Web Services, has unveiled several new AI tools directed at a wide range of businesses, developers, and even healthcare providers. Apple's business has hit record heights over the years, achieving leading market shares in multiple product categories, including smartphones, tablets, headphones, and smartwatches.
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Apple Apple's (NASDAQ: AAPL) stock has fallen about 12% since reporting dismal earnings at the start of August. Advanced Micro Devices The tech market is expanding quickly, with demand for chips rising in equal measure. As a result, it's not a bad idea to invest in a chipmaker like Advanced Micro Devices (NASDAQ: AMD) while chip-dependent markets like AI, cloud computing, and VR/AR still have massive growth potential.
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Apple Apple's (NASDAQ: AAPL) stock has fallen about 12% since reporting dismal earnings at the start of August. Amazon is on a promising growth path, and Wall Street seems to agree, as 49 out of 51 analysts hold a buy/strong buy rating for the company's stock. Apple's services segment has already proved a particularly lucrative area for the company, with revenue rising 14% year over year in fiscal 2022 and 8% in Q3 2023.
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Apple Apple's (NASDAQ: AAPL) stock has fallen about 12% since reporting dismal earnings at the start of August. The recent dip makes its stock a screaming buy right now. AMD's chips are powering the future, with its stock allowing investors to profit from the growth of multiple markets.
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12962.0
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2023-10-24 00:00:00 UTC
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Comcast's (CMCSA) Xumo and Mediacom Team Up for Stream Box
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AAPL
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https://www.nasdaq.com/articles/comcasts-cmcsa-xumo-and-mediacom-team-up-for-stream-box
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Comcast’s CMCSA Xumo has collaborated with Mediacom Communications to provide Xumo Stream Box to its Xtream Internet customers in the near future. This move positions Mediacom as the third U.S.-based operator to make the Xumo Stream Box available to its customer base, following Charter's Spectrum and Comcast's Xfinity.
Mediacom is making the Xumo Stream Box available to Xtream Internet customers, who desire a diverse range of free ad-supported television content, along with convenient access to popular streaming services.
The Xumo Stream Box will make it easy for Mediacom Xtream Internet customers to promptly access their preferred live or on-demand streaming content. It will also facilitate effortless exploration of fresh programming with an integrated, content-centric interface and voice-activated remote.
This streaming device is driven by Comcast's EntertainmentOS, a fresh entertainment platform designed to simplify content discovery, regardless of its source. Entertainment OS is the result of CMCSA's extensive content aggregation expertise, merging the cutting-edge UI technology of Sky Glass with the search and discovery capabilities found in platforms like Xfinity X1 and Xfinity Flex.
Xumo Enters Into a Competitive Streaming Device Market
Streaming is a method employed to distribute content to a range of devices, including computers, laptops, tablets and mobile devices, via the Internet. This technology typically conveys data through both audio and video formats. Additionally, it facilitates the linkage of televisions or home theaters to the Internet, enabling the streaming of video and music from online services.
According to a Report Linker report, the global streaming media devices market is expected to reach $14.42 billion in 2023 from $12.31 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The streaming media devices market is expected to reach $26.84 billion by 2027 at a CAGR of 16.8%.
The streaming device market has some prominent players like Roku ROKU, Amazon AMZN and Apple AAPL.
Roku has an interface to navigate and includes all the major streaming services. The most recent model is the 4K Plus. Customers find the stick appealing due to its affordability and improved performance, along with a longer-range wireless receiver. The stick easily connects to the TV's HDMI port, eliminating any dangling cables.
Amazon’s second-generation Fire Stick 4K Max is the ideal choice for users primarily watching Amazon Prime content. It offers access to major streaming apps and its design is clearly oriented toward enhancing the Amazon Prime experience. Notably, a new Ambient Experience feature has been introduced, which displays and cycles through artwork or natural scenes.
Apple TVs come with a higher price tag and justify the high price by providing an extensive content library. These devices feature an elegant user interface and offer impressive capabilities, such as the ability to simultaneously play audio on two sets of AirPods without disturbing the room's quietness. They also enable co-watching movies with a friend via FaceTime. The latest model incorporates HDR10+ support, ensuring the most vibrant and lifelike colors.
Comcast already owns a streaming device Xfinity, which already has experience in the streaming device market. This would help the company make better decisions for Xumo in a competitive market.
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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
Apple Inc. (AAPL) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Roku, Inc. (ROKU) : 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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The streaming device market has some prominent players like Roku ROKU, Amazon AMZN and Apple AAPL. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here. This move positions Mediacom as the third U.S.-based operator to make the Xumo Stream Box available to its customer base, following Charter's Spectrum and Comcast's Xfinity.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here. The streaming device market has some prominent players like Roku ROKU, Amazon AMZN and Apple AAPL. Comcast’s CMCSA Xumo has collaborated with Mediacom Communications to provide Xumo Stream Box to its Xtream Internet customers in the near future.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here. The streaming device market has some prominent players like Roku ROKU, Amazon AMZN and Apple AAPL. Mediacom is making the Xumo Stream Box available to Xtream Internet customers, who desire a diverse range of free ad-supported television content, along with convenient access to popular streaming services.
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The streaming device market has some prominent players like Roku ROKU, Amazon AMZN and Apple AAPL. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here. Xumo Enters Into a Competitive Streaming Device Market Streaming is a method employed to distribute content to a range of devices, including computers, laptops, tablets and mobile devices, via the Internet.
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12963.0
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2023-10-24 00:00:00 UTC
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Buffett’s Bullish Bets: 3 Stocks Where Warren Has At Least a 25% Stake
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AAPL
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https://www.nasdaq.com/articles/buffetts-bullish-bets%3A-3-stocks-where-warren-has-at-least-a-25-stake
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
We know Warren Buffett likes to make big bets on business. Apple (NASDAQ:AAPL) is famously one of the largest Warren Buffett stocks, accounting for nearly one-half of Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) holdings. But what’s less known is that the Oracle of Omaha prefers to buy businesses outright.
Buffett points out that buying a piece of a company through stock purchases is essentially the same thing because you are still part owner of the business. Owning the whole thing, however, means he has a greater say in the company’s capital allocation. Buffet has a four-point plan when buying a business. It must:
Be a business he understands
Have good, long-term growth prospects
Have a solid management team
Be offered at an attractive price
Among the businesses Buffett owns outright through Berkshire are Dairy Queen, GEICO, BNSF Railway and NetJets.
These are the same fundamentals he says investors should look for when buying stock. He believes investors have an advantage because the stock market possesses a larger universe of businesses to choose from and offers greater opportunities for finding discounts. But there are some stocks Berkshire Hathaway owns that are a middle ground from completely owning the company and having a share in their growth potential. The following Warren Buffett stocks are ones he owns at least 25% of.
Occidental Petroleum (OXY)
Source: T. Schneider / Shutterstock.com
Oil and gas producer Occidental Petroleum (NYSE:OXY) is a relatively recent addition to Warren Buffett stocks. Berkshire Hathaway started accumulating shares in the exploration and production (E&P) stock in March 2022 and except for a brief pause last summer, he hasn’t stopped.
Occidental now accounts for 4.4% of Berkshire’s total value. However, the 224.1 million shares worth $2.95 billion at current prices represent 25.3% of the oil company’s outstanding shares. The Oracle has permission from the Securities & Exchange Commission (SEC) to buy as much as 50% of Occidental’s shares. Buffett also owns $10 billion worth of OXY preferred stock.
Buffett doesn’t think we’re anywhere near peak oil. Demand for fossil fuels remains large and growing. Occidental’s position in the Permian Basin means the oil company has strategic importance in the country’s biggest oil region. According to the Federal Reserve, the Permian is responsible for 40% of all U.S. oil production. It’s why Exxon Mobil (NYSE:XOM) just agreed to buy Pioneer Natural Resources (NYSE:PXD) for $59 billion.
As Buffett put it, buying Occidental is “a bet on the fact that the Permian Basin is what it is cracked up to be.” But it likely also has to do with the E&P play paying a generous dividend. Although the common shares yield just 1% annually, the preferred stock yields 8% giving Berkshire Hathaway around $960 million in annual income.
Kraft Heinz (KHC)
Source: Eyesonmilan/Shutterstock.com
Packaged foods leader Kraft Heinz (NYSE:KHC) is another stock that is one of Berkshire Hathaway’s biggest bets, but still only represents about 3% of the portfolio’s total value. Buffett’s total stake in the ketchup maker, however, makes him its biggest investor. Berkshire owns 26.5% of the outstanding stock, or 325.6 million shares worth $10.2 billion. It’s also one of the only Warren Buffett stocks that the Oracle of Omaha believes was a mistake.
Buffett and private equity firm 3G Capital Management paid $23.3 billion for H.J. Heinz in 2013. Each put in $4.4 billion, but Buffett also spent an additional $8 billion to acquire its 9% preferred stock (I’m sensing a theme here). The two companies then orchestrated the Heinz takeover of Kraft Foods two years later for $49 billion.
Where Buffett felt as though the Heinz deal was a good one, he says he overestimated Kraft. He told CNBC in 2019 that although the combined company is still “a wonderful business,” he misjudged various operations. “We overpaid for Kraft.”
Earlier this year Kraft Heinz agreed to pay investors $450 million related to the merger. The settlement makes it one of the 100 largest class-action lawsuits of all time. It paid an additional $62 million to the SEC for similar allegations of misconduct.
Shares of Kraft Heinz are down almost 24% year to date. While the stock goes for just 10 times next year’s earnings estimates and a fraction of its book value, it still trades at more than twice sales, and earnings growth for the next five years is only forecast to expand 5% annually. Buffett, though, has said he has no intention of ever selling his Kraft Heinz stock.
DaVita (DVA)
Source: APN Photography / Shutterstock.com
Where Apple is Berkshire’s number 1 holding, Buffett actually owns more of kidney dialysis specialist DaVita (NYSE:DVA) than any other company. The 36 million shares worth $2.95 billion equate to a massive 39.5% stake in the business.
There’s a good chance, however, that Buffett isn’t the one who bought DaVita for Berkshire. It’s likely Ted Weschler, one of his portfolio managers, who initiated and then increased Berkshire Hathaway’s stake. Weschler reportedly owned the stock through his Peninsula Capital Advisors hedge fund between 2003 and 2011. That’s when he was hired at Berkshire and also marks the first time Berkshire owned DaVita stock. It’s easy to see why he likes it.
DaVita is one of the two largest dialysis centers in the U.S. It generates 91% of its revenue from dialysis and two-thirds of its operating profits. DaVita serves around 200,000 patients a year, giving it a 36% share of the market.
On the surface, compared to other Warren Buffett stocks, this option looks cheap. Shares trade for 10 times estimates, a fraction of sales, and a bargain basement 5 times the free cash flow it produces. However, the dialysis center is also heavily in debt. It has $8.6 billion in long-term debt and $2.4 billion in operating leases compared to just $340 million in cash, equivalents and short-term investments. In this high-interest rate environment, DaVita’s debt service is going to be much more expensive.
While shares are up 5% year to date, they’re down over 40% from 2021 highs. I’m not sure we’ll see Berkshire Hathaway adding to its position even at these seemingly discounted levels.
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.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Buffett’s Bullish Bets: 3 Stocks Where Warren Has At Least a 25% Stake 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 (NASDAQ:AAPL) is famously one of the largest Warren Buffett stocks, accounting for nearly one-half of Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) holdings. He believes investors have an advantage because the stock market possesses a larger universe of businesses to choose from and offers greater opportunities for finding discounts. As Buffett put it, buying Occidental is “a bet on the fact that the Permian Basin is what it is cracked up to be.” But it likely also has to do with the E&P play paying a generous dividend.
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Apple (NASDAQ:AAPL) is famously one of the largest Warren Buffett stocks, accounting for nearly one-half of Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) holdings. Occidental Petroleum (OXY) Source: T. Schneider / Shutterstock.com Oil and gas producer Occidental Petroleum (NYSE:OXY) is a relatively recent addition to Warren Buffett stocks. Although the common shares yield just 1% annually, the preferred stock yields 8% giving Berkshire Hathaway around $960 million in annual income.
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Apple (NASDAQ:AAPL) is famously one of the largest Warren Buffett stocks, accounting for nearly one-half of Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) holdings. InvestorPlace - Stock Market News, Stock Advice & Trading Tips We know Warren Buffett likes to make big bets on business. Kraft Heinz (KHC) Source: Eyesonmilan/Shutterstock.com Packaged foods leader Kraft Heinz (NYSE:KHC) is another stock that is one of Berkshire Hathaway’s biggest bets, but still only represents about 3% of the portfolio’s total value.
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Apple (NASDAQ:AAPL) is famously one of the largest Warren Buffett stocks, accounting for nearly one-half of Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) holdings. InvestorPlace - Stock Market News, Stock Advice & Trading Tips We know Warren Buffett likes to make big bets on business. The following Warren Buffett stocks are ones he owns at least 25% of.
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12964.0
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2023-10-24 00:00:00 UTC
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EXCLUSIVE-Apple to make tools and parts to fix phones, computers available nationwide - White House
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AAPL
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https://www.nasdaq.com/articles/exclusive-apple-to-make-tools-and-parts-to-fix-phones-computers-available-nationwide-0
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By Andrea Shalal
WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said.
National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country.
The event is part of U.S. President Joe Biden's push to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers. The latest effort is aimed at giving consumers more control over fixing what they own, from tractors to smart phones.
Brainard said California, Colorado, New York and Minnesota had already passed right to repair laws, and 30 other states had introduced similar legislation.
She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
Apple was once a target of criticism for right-to-repair advocates who said its sleek devices were difficult to fix and that the company provided little support for doing so. But in recent years, Apple executives have begun touting the longevity and resale value of its devices while making it easier to fix them and to access spare parts.
Apple started distributing parts and manuals to some independent repair shops in 2019. In August, Apple came out in support of right-to-repair legislation in its home state of California.
(Reporting by Andrea Shalal; Additional reporting by Stephen Nellis in San Francisco; Editing by Lisa Shumaker)
((andrea.shalal@tr.com; +1 202-815-7432;))
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 Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. The event is part of U.S. President Joe Biden's push to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
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By Andrea Shalal WASHINGTON, Oct 24 (Reuters) - Mac computer and iPhone maker Apple AAPL.O on Tuesday will announce plans to make parts, tools and documentation needed to repair its products available to independent repair shops and consumers nationwide, at fair and reasonable prices, the White House said. National Economic Council Director Lael Brainard made the announcement in remarks prepared for a White House event later Tuesday focused on the so-called "right to repair," calling on Congress to pass legislation requiring such action across the country. She said Apple supported a nationwide law and had endorsed the California law - which requires companies to make the parts, tools and documentation needed for repairs of consumer electronic devices and appliances available to independent repair shops and consumers at fair and reasonable prices - and would do the same nationwide.
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12965.0
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2023-10-24 00:00:00 UTC
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Apple, exec Eddy Cue fight subpoena in NFL 'Sunday Ticket' case
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AAPL
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https://www.nasdaq.com/articles/apple-exec-eddy-cue-fight-subpoena-in-nfl-sunday-ticket-case
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nan
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By Mike Scarcella
Oct 24 (Reuters) - Apple AAPL.O has asked a U.S. judge to reject a subpoena that could require the company to reveal corporate secrets tied to its failed effort to carry the National Football League's "Sunday Ticket" programming, now on Google's YouTube TV.
In a filing in California federal court, Apple's attorneys on Monday opposed a subpoena from residential and commercial Sunday Ticket subscribers who accused the NFL and its teams in a multibillion-dollar lawsuit of violating U.S. antitrust law in the distribution of Sunday Ticket.
Apple argued that the plaintiffs' effort to subpoena information from the company, and to question senior executive Eddy Cue, was "unduly burdensome."
The plaintiffs' lawyers and an Apple representative did not immediately respond to requests for comment. The NFL and its teams have denied that the distribution of Sunday Ticket violates antitrust law.
Apple is not a party in the underlying case in Los Angeles federal court, which is set for a February trial. But the plaintiffs' lawyers want information from Apple, Alphabet's GOOGL.O Google and others to help develop and hone their claims.
Sunday Ticket, previously available through DirecTV, carries all out-of-market telecasts of NFL games. Apple and others competed to carry the programming for residential subscribers for the start of the 2023 season. The platform EverPass Media carries Sunday Ticket for commercial venues such as bars and restaurants.
In Monday's filing, Apple said the plaintiffs were seeking "irrelevant, disproportionate, and competitively sensitive" information in their subpoena. It said requiring testimony from Cue, who leads management and oversight of all of Apple's services, and reports to Apple CEO Tim Cook, would be improper.
"Plaintiffs cannot show that Mr. Cue has unique, non-duplicative knowledge of the facts in the underlying litigation," Apple's lawyers told the court.
U.S. Magistrate Judge Donna Ryu in Oakland, California, in August 2022 partly blocked an earlier subpoena from the Sunday Ticket plaintiffs, but Apple turned over certain documents it had shared with the league.
The case is In re: National Football League's "Sunday Ticket" Antitrust Litigation, U.S. District Court for the Northern District of California, No. 5:23-mc-80275.
Read more:
NFL tells US judge no evidence supports 'Sunday Ticket' antitrust trial
Google sued for information over rights to NFL's 'Sunday Ticket' package
NFL must face class action lawsuit over 'Sunday Ticket' prices
(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 Oct 24 (Reuters) - Apple AAPL.O has asked a U.S. judge to reject a subpoena that could require the company to reveal corporate secrets tied to its failed effort to carry the National Football League's "Sunday Ticket" programming, now on Google's YouTube TV. Apple argued that the plaintiffs' effort to subpoena information from the company, and to question senior executive Eddy Cue, was "unduly burdensome." U.S. Magistrate Judge Donna Ryu in Oakland, California, in August 2022 partly blocked an earlier subpoena from the Sunday Ticket plaintiffs, but Apple turned over certain documents it had shared with the league.
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By Mike Scarcella Oct 24 (Reuters) - Apple AAPL.O has asked a U.S. judge to reject a subpoena that could require the company to reveal corporate secrets tied to its failed effort to carry the National Football League's "Sunday Ticket" programming, now on Google's YouTube TV. In a filing in California federal court, Apple's attorneys on Monday opposed a subpoena from residential and commercial Sunday Ticket subscribers who accused the NFL and its teams in a multibillion-dollar lawsuit of violating U.S. antitrust law in the distribution of Sunday Ticket. The case is In re: National Football League's "Sunday Ticket" Antitrust Litigation, U.S. District Court for the Northern District of California, No.
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By Mike Scarcella Oct 24 (Reuters) - Apple AAPL.O has asked a U.S. judge to reject a subpoena that could require the company to reveal corporate secrets tied to its failed effort to carry the National Football League's "Sunday Ticket" programming, now on Google's YouTube TV. In a filing in California federal court, Apple's attorneys on Monday opposed a subpoena from residential and commercial Sunday Ticket subscribers who accused the NFL and its teams in a multibillion-dollar lawsuit of violating U.S. antitrust law in the distribution of Sunday Ticket. Read more: NFL tells US judge no evidence supports 'Sunday Ticket' antitrust trial Google sued for information over rights to NFL's 'Sunday Ticket' package NFL must face class action lawsuit over 'Sunday Ticket' prices (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 Oct 24 (Reuters) - Apple AAPL.O has asked a U.S. judge to reject a subpoena that could require the company to reveal corporate secrets tied to its failed effort to carry the National Football League's "Sunday Ticket" programming, now on Google's YouTube TV. In a filing in California federal court, Apple's attorneys on Monday opposed a subpoena from residential and commercial Sunday Ticket subscribers who accused the NFL and its teams in a multibillion-dollar lawsuit of violating U.S. antitrust law in the distribution of Sunday Ticket. The case is In re: National Football League's "Sunday Ticket" Antitrust Litigation, U.S. District Court for the Northern District of California, No.
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12966.0
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2023-10-24 00:00:00 UTC
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Should WisdomTree U.S. LargeCap ETF (EPS) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-wisdomtree-u.s.-largecap-etf-eps-be-on-your-investing-radar-10
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The WisdomTree U.S. LargeCap ETF (EPS) was launched on 02/23/2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Value segment of the US equity market.
The fund is sponsored by Wisdomtree. It has amassed assets over $667.80 million, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market.
Why Large Cap Value
Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. While value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.
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 0.08%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.89%.
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.
This ETF has heaviest allocation to the Information Technology sector--about 23.40% of the portfolio. Financials and Healthcare round out the top three.
Looking at individual holdings, Alphabet Inc-Cl A (GOOGL) accounts for about 6.08% of total assets, followed by Apple Inc (AAPL) and Meta Platformsinc. Cl A (FB).
The top 10 holdings account for about 32.33% of total assets under management.
Performance and Risk
EPS seeks to match the performance of the WisdomTree U.S. Earnings 500 Index before fees and expenses. The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. Stock Market.
The ETF has added about 9.66% so far this year and it's up approximately 13.10% in the last one year (as of 10/24/2023). In the past 52-week period, it has traded between $40.21 and $48.62.
The ETF has a beta of 1 and standard deviation of 16.99% for the trailing three-year period, making it a medium risk choice in the space. With about 506 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree U.S. LargeCap 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, EPS is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The Vanguard High Dividend Yield ETF (VYM) and the Vanguard Value ETF (VTV) track a similar index. While Vanguard High Dividend Yield ETF has $46.53 billion in assets, Vanguard Value ETF has $95.37 billion. VYM has an expense ratio of 0.06% and VTV charges 0.04%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
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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WisdomTree U.S. LargeCap ETF (EPS): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
Vanguard High Dividend Yield ETF (VYM): 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, Alphabet Inc-Cl A (GOOGL) accounts for about 6.08% of total assets, followed by Apple Inc (AAPL) and Meta Platformsinc. Click to get this free report WisdomTree U.S. LargeCap ETF (EPS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. The WisdomTree U.S. LargeCap ETF (EPS) was launched on 02/23/2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Value segment of the US equity market.
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Click to get this free report WisdomTree U.S. LargeCap ETF (EPS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Alphabet Inc-Cl A (GOOGL) accounts for about 6.08% of total assets, followed by Apple Inc (AAPL) and Meta Platformsinc. 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.
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Click to get this free report WisdomTree U.S. LargeCap ETF (EPS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Alphabet Inc-Cl A (GOOGL) accounts for about 6.08% of total assets, followed by Apple Inc (AAPL) and Meta Platformsinc. Alternatives WisdomTree U.S. LargeCap 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, Alphabet Inc-Cl A (GOOGL) accounts for about 6.08% of total assets, followed by Apple Inc (AAPL) and Meta Platformsinc. Click to get this free report WisdomTree U.S. LargeCap ETF (EPS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports To read this article on Zacks.com click here. The WisdomTree U.S. LargeCap ETF (EPS) was launched on 02/23/2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Value segment of the US equity market.
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12967.0
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2023-10-24 00:00:00 UTC
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Will Higher Ad Revenues Aid Meta Platforms (META) Q3 Earnings?
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AAPL
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https://www.nasdaq.com/articles/will-higher-ad-revenues-aid-meta-platforms-meta-q3-earnings
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Meta Platforms’ META third-quarter 2023 results, set to be reported on Oct 25, are expected to reflect the benefits of higher advertising revenues.
Our model estimate for third-quarter advertising revenues is pegged at $32.37 billion, indicating growth of 18.8% year over year.
In the second quarter of 2023, advertising revenues (99.3% of Family of Apps revenues) increased 11.9% year over year to $31.5 billion and accounted for 98.4% of revenues.
Meta Platforms’ focus on improving ad ranking and measurement by leveraging artificial intelligence (AI) has been a key catalyst, driving advertisers’ return on investment. The increasing level of automation supported by AI is expected to have driven adoption for its solutions like Advantage+ and Shopping. The introduction of new AI solutions like Meta Lattice and AI Sandbox are noteworthy in this regard.
Advertising revenues in Asia-Pacific are likely to grow 20.7% in the third quarter of 2023, per our model. United States and Canada advertising revenues are expected to grow 14.6%, while the Rest of the World is anticipated to increase 19.7% year over year, per our estimate.
The company’s plan to tackle ad targeting-related headwinds is expected to have positively impacted the ad-revenue growth rate in the to-be-reported quarter. It is worth mentioning that changes made by Apple AAPL and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend.
Apple’s iOS changes have made ad targeting difficult, which has increased the cost of driving outcomes. Measuring these outcomes has also become difficult, thereby hurting its ad revenue growth.
Meta Platforms, Inc. Revenue (TTM)
Meta Platforms, Inc. revenue-ttm | Meta Platforms, Inc. Quote
Click here to know how Meta Platforms’ overall third-quarter performance is likely to be.
AI, ML & Metaverse Driving Prospects
The company, which currently carries a Zacks Rank #3 (Hold), is banking its future on building the metaverse, which is a shared virtual 3D world or multiverse created using virtual and augmented reality.
Instagram’s growing popularity in international markets, particularly in Asia, has been helping the company expand its user base. Much of it can be attributed to the growing popularity of short-form videos, Reels on Instagram.
Reels have been attracting Gen-Z to the platform amid competition from Snapchat, Twitter and TikTok. AI has helped in improving recommendations, which drove a more than 24% increase in time spent on Instagram.
Threads growth has been noteworthy for Meta Platforms. The company has been focusing on the retention of users, which is expected to have benefited user growth.
To increase revenues, it has been growing video monetization, especially in short-form videos like Reels using AI and machine learning.
At the end of the second quarter, AI-recommended content from accounts that users don't follow became the fastest-growing category of content on Facebook’s feed, improving engagement by 7% since the introduction of this recommendation, which the company terms as Discovery Engine.
Reels is a key part of this Discovery Engine, and Reels plays exceed 200 billion per day across Facebook and Instagram.
Meta Platforms has also shown commitment to prioritizing user safety and well-being through initiatives aimed at enhancing parental supervision, messaging privacy and time management on its platforms. These factors are expected to have driven user base growth in third-quarter 2023.
Family Daily Active People or DAP, defined as a registered and logged-in user who visited at least one of the Family products (Facebook, Instagram, Messenger or WhatsApp) on a given day, is expected to be 3.081 billion, indicating growth of 5.2% year over year, per our model.
Family Monthly Active People or MAP is expected to increase 4.7% year over year to 3.884 billion, per our model.
What Do the Estimates Say?
The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.57 per share, up 1.11% over the past 30 days. Meta Platforms had reported earnings of $1.64 per share in the year-ago quarter.
It expects total revenues between $32 billion and $34.5 billion for the third quarter of 2023. Favorable forex is expected to aid year-over-year top-line growth by roughly 3%.
The consensus estimate for third-quarter revenues is currently pegged at $33.43 billion, indicating growth of 20.62% from the figure reported in the year-ago quarter.
Upcoming Earnings to Watch For
Meta Platforms belongs to the Zacks Internet Software industry. Investors are eagerly waiting for the upcoming earnings of Pinterest PINS and Model N MODN, two top-ranked stocks in the same industry.
Pinterest and Model N sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
While Pinterest is set to report its quarterly earnings on Oct 30, Model N is scheduled to report on Nov 9.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
Model N, Inc. (MODN) : Free Stock Analysis Report
Pinterest, Inc. (PINS) : 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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It is worth mentioning that changes made by Apple AAPL and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta Platforms’ focus on improving ad ranking and measurement by leveraging artificial intelligence (AI) has been a key catalyst, driving advertisers’ return on investment.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. It is worth mentioning that changes made by Apple AAPL and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend. Meta Platforms’ META third-quarter 2023 results, set to be reported on Oct 25, are expected to reflect the benefits of higher advertising revenues.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. It is worth mentioning that changes made by Apple AAPL and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend. In the second quarter of 2023, advertising revenues (99.3% of Family of Apps revenues) increased 11.9% year over year to $31.5 billion and accounted for 98.4% of revenues.
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It is worth mentioning that changes made by Apple AAPL and Google in their mobile operating systems and browser platforms have limited META’s ability to track the user-activity trend. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Our model estimate for third-quarter advertising revenues is pegged at $32.37 billion, indicating growth of 18.8% year over year.
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12968.0
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2023-10-24 00:00:00 UTC
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3 Dividend Stocks to Buy for Dependable Dividend Growth
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https://www.nasdaq.com/articles/3-dividend-stocks-to-buy-for-dependable-dividend-growth
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Back in 2020, Wharton finance professor Jeremy Siegel opined that dividend stocks represent the only protection against inflation. Even with tight monetary policies, inflation has remained stubbornly high. To maintain purchasing power of money, it’s important to remain invested in some of the best dividend stocks.
Ahead are three dividend growth stocks to buy at attractive valuations. Indeed, the dividend payout and yield in these stocks may be significantly higher in the next five years. Further, capital gains from these stocks will consistently beat index returns. Clearly, total return is likely to be attractive for these dependable dividend growth stocks.
Let’s discuss the business factors that will support earnings growth and cash flow upside.
Albemarle Corporation (ALB)
Source: IgorGolovniov/Shutterstock.com
Albemarle Corporation (NYSE:ALB) stock has been depressed with lithium trending lower in 2023. However, the selling seems to be overdone with ALB stock trading at a forward price-earnings ratio of 5.3. Further, a dividend yield of 1.15% is attractive, making robust dividend growth likely in the coming years.
The key reason to consider ALB is the company’s expansion plans. As of 2022, Albemarle Corporation reported lithium conversion capacity of 200ktpa. The company has guided for almost tripling of lithium conversion capacity by 2027. Further, ALB expects sales volume growth at a CAGR of 20% to 30% through 2027.
If this capacity expansion is coupled with lithium trending higher, the result will be sustained growth in cash flows. This is reason to be bullish on the long-term outlook for lithium considering the impending supply gap. Therefore, ALB stock looks attractive from a dividend and capital gains perspective.
Chevron Corporation (CVX)
Source: LesPalenik / Shutterstock.com
Chevron Corporation (NYSE:CVX) stock has been in the news after the company announced a $53 billion Hess Corporation (NYSE:HES) takeover.
From a fundamental perspective, Chevron reported net-debt of 7% as of Q2 2023. This provided CVX with high financial flexibility for the acquisition. Also, the company expects to invest $19 to $22 billion annually after the completion of the acquisition, ensuring healthy growth in operating cash flows.
Notably, in 2022, Chevron reported operating cash flow of more than $45 billion. During the year, Brent oil averaged $100.9. If oil trades around $90 to $100 per barrel, the combined entity is likely to deliver OCF of more than $50 billion.
Therefore, Chevron will be positioned to pursue aggressive investments, increase dividends, and continue with share repurchase.
Apple (AAPL)
Source: Yalcin Sonat / Shutterstock.com
Apple (NASDAQ:AAPL) stock has been a massive value creator over the years, likely to remain in a long-term uptrend. At the same time, the company has high financial flexibility to increase dividends at a healthy rate. In the last five years, Apple has reported dividend growth at a CAGR of 6.69%, and could well accelerate further in the next five years.
For Q3 2023, Apple reported revenue of $81.8 billion. Services revenue swelled to record highs with over one billion paid subscriptions. Further, the wearables, home, and accessories segment has ample room for growth driven by product innovation and a wide addressable market. Operating cash flow is likely to remain robust, which will in turn support dividends.
Recently, it was reported that Apple will be investing $1 billion annually towards generative artificial intelligence products. There continues to be speculation around Apple car, which seems to be slated for launch in 2026. With an innovation edge, the company will continue to be a value creator.
On the date of publication, Faisal Humayun 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.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
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The post 3 Dividend Stocks to Buy for Dependable Dividend Growth 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: Yalcin Sonat / Shutterstock.com Apple (NASDAQ:AAPL) stock has been a massive value creator over the years, likely to remain in a long-term uptrend. Also, the company expects to invest $19 to $22 billion annually after the completion of the acquisition, ensuring healthy growth in operating cash flows. Further, the wearables, home, and accessories segment has ample room for growth driven by product innovation and a wide addressable market.
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Apple (AAPL) Source: Yalcin Sonat / Shutterstock.com Apple (NASDAQ:AAPL) stock has been a massive value creator over the years, likely to remain in a long-term uptrend. Albemarle Corporation (ALB) Source: IgorGolovniov/Shutterstock.com Albemarle Corporation (NYSE:ALB) stock has been depressed with lithium trending lower in 2023. As of 2022, Albemarle Corporation reported lithium conversion capacity of 200ktpa.
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Apple (AAPL) Source: Yalcin Sonat / Shutterstock.com Apple (NASDAQ:AAPL) stock has been a massive value creator over the years, likely to remain in a long-term uptrend. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in 2020, Wharton finance professor Jeremy Siegel opined that dividend stocks represent the only protection against inflation. Chevron Corporation (CVX) Source: LesPalenik / Shutterstock.com Chevron Corporation (NYSE:CVX) stock has been in the news after the company announced a $53 billion Hess Corporation (NYSE:HES) takeover.
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Apple (AAPL) Source: Yalcin Sonat / Shutterstock.com Apple (NASDAQ:AAPL) stock has been a massive value creator over the years, likely to remain in a long-term uptrend. If this capacity expansion is coupled with lithium trending higher, the result will be sustained growth in cash flows. Therefore, ALB stock looks attractive from a dividend and capital gains perspective.
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12969.0
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2023-10-24 00:00:00 UTC
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B of A Securities Reiterates Apple (AAPL) Neutral Recommendation
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AAPL
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https://www.nasdaq.com/articles/b-of-a-securities-reiterates-apple-aapl-neutral-recommendation-1
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nan
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nan
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Fintel reports that on October 24, 2023, B of A Securities reiterated coverage of Apple (NASDAQ:AAPL) with a Neutral recommendation.
Analyst Price Forecast Suggests 17.66% Upside
As of October 5, 2023, the average one-year price target for Apple is 203.55. The forecasts range from a low of 150.49 to a high of $252.00. The average price target represents an increase of 17.66% from its latest reported closing price of 173.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Apple is 436,698MM, an increase of 13.74%. The projected annual non-GAAP EPS is 6.93.
For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia.
What is the Fund Sentiment?
There are 6440 funds or institutions reporting positions in Apple. This is an increase of 73 owner(s) or 1.15% in the last quarter. Average portfolio weight of all funds dedicated to AAPL is 4.09%, an increase of 5.17%. Total shares owned by institutions decreased in the last three months by 29.01% to 9,945,472K shares.
The put/call ratio of AAPL is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 915,560K shares representing 5.86% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 465,990K shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 465,280K shares, representing an increase of 0.15%. The firm increased its portfolio allocation in AAPL by 8.69% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 352,024K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 347,041K shares, representing an increase of 1.42%. The firm increased its portfolio allocation in AAPL by 8.07% over the last quarter.
Geode Capital Management holds 291,538K shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 285,171K shares, representing an increase of 2.18%. The firm increased its portfolio allocation in AAPL by 8.78% over the last quarter.
Price T Rowe Associates holds 226,651K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 234,017K shares, representing a decrease of 3.25%. The firm increased its portfolio allocation in AAPL by 6.04% over the last quarter.
Apple Background Information
(This description is provided by the company.)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five companies in the U.S. information technology industry, along with Amazon, Google, Microsoft, and Facebook. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds, the AirPods Max headphones, and the HomePod smart speaker line. Apple's software includes iOS, iPadOS, macOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro X, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Arcade, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple I and Apple II, grew quickly.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
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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Fintel reports that on October 24, 2023, B of A Securities reiterated coverage of Apple (NASDAQ:AAPL) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAPL is 4.09%, an increase of 5.17%. The put/call ratio of AAPL is 0.91, indicating a bullish outlook.
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Fintel reports that on October 24, 2023, B of A Securities reiterated coverage of Apple (NASDAQ:AAPL) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAPL is 4.09%, an increase of 5.17%. The put/call ratio of AAPL is 0.91, indicating a bullish outlook.
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Fintel reports that on October 24, 2023, B of A Securities reiterated coverage of Apple (NASDAQ:AAPL) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAPL is 4.09%, an increase of 5.17%. The put/call ratio of AAPL is 0.91, indicating a bullish outlook.
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Fintel reports that on October 24, 2023, B of A Securities reiterated coverage of Apple (NASDAQ:AAPL) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAPL is 4.09%, an increase of 5.17%. The put/call ratio of AAPL is 0.91, indicating a bullish outlook.
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12970.0
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2023-10-24 00:00:00 UTC
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Qualcomm unveils new PC laptop chip with AI features for 2024
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AAPL
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https://www.nasdaq.com/articles/qualcomm-unveils-new-pc-laptop-chip-with-ai-features-for-2024
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nan
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nan
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By Stephen Nellis
Oct 24 (Reuters) - Qualcomm QCOM.O on Tuesday gave details about a chip for Microsoft MSFT.O Windows-based laptops that it claims will be faster at some tasks than Apple's AAPL.O chips for Mac computers.
Qualcomm executives said the company's new Snapdragon Elite X chip will be available in laptops starting next year and has been redesigned to better handle artificial intelligence tasks like summarizing emails, writing text and generating images.
Those AI features will also factor into Qualcomm's chips for smartphones, with Alphabet's GOOGL.OGoogle and Meta META.Oboth saying Tuesday they plan to take advantage of them.
The announcement comes a day after Reuters reported Microsoft has encouraged Qualcomm, Nvidia NVDA.O and Advanced Micro Devices AMD.O to come up with new chips to handle a bevy of new AI features in Windows, the world's most popular PC operating system.
During a video appearance at Qualcomm's event, Microsoft Chief Executive Satya Nadella said the chips would help usher in a new era of "AI PCs" for businesses and consumers.
“The work we're doing together, it's going to bring together these experiences that cannot be done without a new system architecture," Nadella said.
Qualcomm will be the first to market with a chip to challenge Apple, whose laptop and desktop computers have more than doubled their market share since the iPhone maker introduced custom-designed chips in 2020.
Qualcomm claimed on Tuesday the X Elite is faster than Apple's M2 Max chip at some tasks and more energy efficient than both Apple and Intel INTC.O PC chips. But Qualcomm Senior Vice President Alex Katouzian said the biggest new feature is the chip can handle artificial intelligence models with 13 billion parameters, a proxy measure of sophistication for AI systems that generate text or images.
Francis Sideco, an analyst with TIRIAS Research, said that with companies such as Adobe rolling out the ability to use AI to generate images for everything from real estate brochures to beer can labels, demand for laptops with AI capabilities will rise.
"You've got a lot of smaller businesses and individual designers and creators using these devices. They need that kind of capability," Sideco said.
(Reporting by Stephen Nellis in San Francisco; Editing by Lisa Shumaker and Chris Reese)
((Stephen.Nellis@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 Stephen Nellis Oct 24 (Reuters) - Qualcomm QCOM.O on Tuesday gave details about a chip for Microsoft MSFT.O Windows-based laptops that it claims will be faster at some tasks than Apple's AAPL.O chips for Mac computers. Qualcomm executives said the company's new Snapdragon Elite X chip will be available in laptops starting next year and has been redesigned to better handle artificial intelligence tasks like summarizing emails, writing text and generating images. The announcement comes a day after Reuters reported Microsoft has encouraged Qualcomm, Nvidia NVDA.O and Advanced Micro Devices AMD.O to come up with new chips to handle a bevy of new AI features in Windows, the world's most popular PC operating system.
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By Stephen Nellis Oct 24 (Reuters) - Qualcomm QCOM.O on Tuesday gave details about a chip for Microsoft MSFT.O Windows-based laptops that it claims will be faster at some tasks than Apple's AAPL.O chips for Mac computers. Qualcomm executives said the company's new Snapdragon Elite X chip will be available in laptops starting next year and has been redesigned to better handle artificial intelligence tasks like summarizing emails, writing text and generating images. Qualcomm claimed on Tuesday the X Elite is faster than Apple's M2 Max chip at some tasks and more energy efficient than both Apple and Intel INTC.O PC chips.
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By Stephen Nellis Oct 24 (Reuters) - Qualcomm QCOM.O on Tuesday gave details about a chip for Microsoft MSFT.O Windows-based laptops that it claims will be faster at some tasks than Apple's AAPL.O chips for Mac computers. The announcement comes a day after Reuters reported Microsoft has encouraged Qualcomm, Nvidia NVDA.O and Advanced Micro Devices AMD.O to come up with new chips to handle a bevy of new AI features in Windows, the world's most popular PC operating system. Qualcomm claimed on Tuesday the X Elite is faster than Apple's M2 Max chip at some tasks and more energy efficient than both Apple and Intel INTC.O PC chips.
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By Stephen Nellis Oct 24 (Reuters) - Qualcomm QCOM.O on Tuesday gave details about a chip for Microsoft MSFT.O Windows-based laptops that it claims will be faster at some tasks than Apple's AAPL.O chips for Mac computers. Qualcomm executives said the company's new Snapdragon Elite X chip will be available in laptops starting next year and has been redesigned to better handle artificial intelligence tasks like summarizing emails, writing text and generating images. Francis Sideco, an analyst with TIRIAS Research, said that with companies such as Adobe rolling out the ability to use AI to generate images for everything from real estate brochures to beer can labels, demand for laptops with AI capabilities will rise.
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12971.0
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2023-10-24 00:00:00 UTC
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QCOM Stock Looks Appealing as Qualcomm Cuts Costs
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AAPL
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https://www.nasdaq.com/articles/qcom-stock-looks-appealing-as-qualcomm-cuts-costs
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Qualcomm’s (NASDAQ:QCOM) profits are expected to increase significantly next year. All thanks to layoffs, its low valuation, and a recent deal to continue supplying 5G chips to Apple (NASDAQ:AAPL) through 2026. Plus, the demand for QCOM’s chips should see a boost from the artificial intelligence boom, and even from automakers.
Given these points, I recommend that long-term investors buy QCOM stock at its current levels.
Qualcomm’s Bottom Line, Its Layoffs and Its Low Valuation
Analysts, on average, expect QCOM’s earnings per share to climb to $9.16 in 2024, an increase of 12.5% over estimates for $8.31. Although the company’s 2024 EPS is expected to be well below the EPS of $12.53 generated in 2022, its bottom line is trending in the right direction.
Potentially fueling its bottom line, the company will layoff 1,258 of its employees. Expected to be implemented in December, the dismissals should boost QCOM’s bottom line, once the firm is done paying the charges associated with the layoffs.
Also noteworthy is that Qualcomm’s forward price-earnings ratio of 11.8, which may not factor in the company’s layoffs, is quite low.
QCOM’s Deal With Apple
In September, a major problem for Qualcomm and QCOM stock disappeared when the company announced it would continue to provide Apple with “5G chips until at least 2026.” The agreement is expected to be worth “billions of dollars” and eliminated the uncertainty that had previously existed regarding the chip maker’s relationship with Apple.
QCOM’s New Opportunities Fueling Upside
Meanwhile, QCOM, which already provides chips for advanced driver assistance systems and on-vehicle entertainment systems, is looking to significantly increase its revenue from automakers. Specifically, it’s marketing chips to the automakers that will enable the launch of “a car assistant.” The latter system would help drivers complete many errands, such as locating food recipes and sending birthday cards.
Qualcomm is also using its chips to bring generative AI to smartphones. According to the company, its chips can produce “more customized” and quicker AI than cloud-based systems. Moreover, QCOM’s chips will allow users to easily change images and utilize a virtual assistant that has a human-like face and speaks through its mouth, the company noted. Consumers are likely to pay more for phones with such capabilities, enabling Qualcomm to charge a great deal for its chips that enable these features.
Meanwhile, as I pointed out in an April column, the lower power consumption of Qualcomm’s chips makes them well-suited to power AI systems after the latter products have been launched. Since many analysts believe that the demand for such chips will climb meaningfully going forward, selling them can be very lucrative for QCOM in the medium term and the long term.
Cumulatively, I believe that the firm’s new opportunities should meaningfully boost the company’s top and bottom line over the longer term, lifting QCOM stock in the process.
On the date of publication, Larry Ramer 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.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post QCOM Stock Looks Appealing as Qualcomm Cuts 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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All thanks to layoffs, its low valuation, and a recent deal to continue supplying 5G chips to Apple (NASDAQ:AAPL) through 2026. Specifically, it’s marketing chips to the automakers that will enable the launch of “a car assistant.” The latter system would help drivers complete many errands, such as locating food recipes and sending birthday cards. Cumulatively, I believe that the firm’s new opportunities should meaningfully boost the company’s top and bottom line over the longer term, lifting QCOM stock in the process.
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All thanks to layoffs, its low valuation, and a recent deal to continue supplying 5G chips to Apple (NASDAQ:AAPL) through 2026. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Qualcomm’s (NASDAQ:QCOM) profits are expected to increase significantly next year. Qualcomm’s Bottom Line, Its Layoffs and Its Low Valuation Analysts, on average, expect QCOM’s earnings per share to climb to $9.16 in 2024, an increase of 12.5% over estimates for $8.31.
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All thanks to layoffs, its low valuation, and a recent deal to continue supplying 5G chips to Apple (NASDAQ:AAPL) through 2026. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Qualcomm’s (NASDAQ:QCOM) profits are expected to increase significantly next year. QCOM’s Deal With Apple In September, a major problem for Qualcomm and QCOM stock disappeared when the company announced it would continue to provide Apple with “5G chips until at least 2026.” The agreement is expected to be worth “billions of dollars” and eliminated the uncertainty that had previously existed regarding the chip maker’s relationship with Apple.
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All thanks to layoffs, its low valuation, and a recent deal to continue supplying 5G chips to Apple (NASDAQ:AAPL) through 2026. Qualcomm’s Bottom Line, Its Layoffs and Its Low Valuation Analysts, on average, expect QCOM’s earnings per share to climb to $9.16 in 2024, an increase of 12.5% over estimates for $8.31. Expected to be implemented in December, the dismissals should boost QCOM’s bottom line, once the firm is done paying the charges associated with the layoffs.
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12972.0
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2023-10-24 00:00:00 UTC
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Amid Foxconn probe, China tells Taiwan firms to play positive role in ties
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AAPL
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https://www.nasdaq.com/articles/amid-foxconn-probe-china-tells-taiwan-firms-to-play-positive-role-in-ties
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nan
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nan
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Adds further comments from spokesperson, paragraphs 11-14
BEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn.
The Chinese government has not officially confirmed the investigations, first reported by nationalistic, state-backed tabloid the Global Times on Sunday. China claims Taiwan as its own territory.
Asked about the investigation at a routine news conference in Beijing, Zhu Fenglian, a spokesperson for China's Taiwan Affairs Office, did not confirm the probe or refer to Foxconn.
"Relevant mainland departments treat all enterprises equally in accordance with the law and regulations, and it is a normal law enforcement act to carry out law-abiding investigations," she said.
She signalled China expected these companies to play a political role.
Zhu did not elaborate.
On Tuesday, Taiwan Vice President Lai Ching-te, the ruling Democratic Progressive Party's (DPP) candidate for president at January elections, hit out at China over its probe of Foxconn, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election.
China believes Lai, who is leading opinion polls, is a separatist bent on a formal declaration of independence. Lai says he will maintain the status quo with China, and has repeatedly offered talks which Beijing has rebuffed.
Zhu, in a step up of China's attacks against Lai, said he was "duping people" by both trying to "use weapons to seek independence" and also calling for dialogue.
"This comment has hit the nail on the head and is appropriate. I believe that the majority of Taiwanese compatriots have a clear understanding of this."
(Reporting by Beijing newsroom; Writing by Ben Blanchard; Editing by Jacqueline Wong and Lincoln Feast)
((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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Adds further comments from spokesperson, paragraphs 11-14 BEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. The Chinese government has not officially confirmed the investigations, first reported by nationalistic, state-backed tabloid the Global Times on Sunday. Asked about the investigation at a routine news conference in Beijing, Zhu Fenglian, a spokesperson for China's Taiwan Affairs Office, did not confirm the probe or refer to Foxconn.
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Adds further comments from spokesperson, paragraphs 11-14 BEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. Asked about the investigation at a routine news conference in Beijing, Zhu Fenglian, a spokesperson for China's Taiwan Affairs Office, did not confirm the probe or refer to Foxconn. On Tuesday, Taiwan Vice President Lai Ching-te, the ruling Democratic Progressive Party's (DPP) candidate for president at January elections, hit out at China over its probe of Foxconn, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election.
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Adds further comments from spokesperson, paragraphs 11-14 BEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. Asked about the investigation at a routine news conference in Beijing, Zhu Fenglian, a spokesperson for China's Taiwan Affairs Office, did not confirm the probe or refer to Foxconn. On Tuesday, Taiwan Vice President Lai Ching-te, the ruling Democratic Progressive Party's (DPP) candidate for president at January elections, hit out at China over its probe of Foxconn, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election.
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Adds further comments from spokesperson, paragraphs 11-14 BEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. The Chinese government has not officially confirmed the investigations, first reported by nationalistic, state-backed tabloid the Global Times on Sunday. Zhu, in a step up of China's attacks against Lai, said he was "duping people" by both trying to "use weapons to seek independence" and also calling for dialogue.
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12973.0
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2023-10-24 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: EDOW
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AAPL
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-edow-0
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nan
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nan
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The First Trust Dow 30 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 259,000 shares traded versus three month average volume of about 39,000. Shares of EDOW were up about 1% on the day.
Components of that ETF with the highest volume on Tuesday were Verizon Communications, trading up about 8.5% with over 45.5 million shares changing hands so far this session, and Apple, trading flat on volume of over 29.3 million shares. Walgreens Boots Alliance is lagging other components of the First Trust Dow 30 Equal Weight ETF Tuesday, trading lower by about 2.2%.
VIDEO: Tuesday's ETF with Unusual Volume: EDOW
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 First Trust Dow 30 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 259,000 shares traded versus three month average volume of about 39,000. Components of that ETF with the highest volume on Tuesday were Verizon Communications, trading up about 8.5% with over 45.5 million shares changing hands so far this session, and Apple, trading flat on volume of over 29.3 million shares. Walgreens Boots Alliance is lagging other components of the First Trust Dow 30 Equal Weight ETF Tuesday, trading lower by about 2.2%.
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The First Trust Dow 30 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 259,000 shares traded versus three month average volume of about 39,000. Walgreens Boots Alliance is lagging other components of the First Trust Dow 30 Equal Weight ETF Tuesday, trading lower by about 2.2%. VIDEO: Tuesday's ETF with Unusual Volume: EDOW 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 First Trust Dow 30 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 259,000 shares traded versus three month average volume of about 39,000. Components of that ETF with the highest volume on Tuesday were Verizon Communications, trading up about 8.5% with over 45.5 million shares changing hands so far this session, and Apple, trading flat on volume of over 29.3 million shares. VIDEO: Tuesday's ETF with Unusual Volume: EDOW 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 First Trust Dow 30 Equal Weight ETF is seeing unusually high volume in afternoon trading Tuesday, with over 259,000 shares traded versus three month average volume of about 39,000. Shares of EDOW were up about 1% on the day. Components of that ETF with the highest volume on Tuesday were Verizon Communications, trading up about 8.5% with over 45.5 million shares changing hands so far this session, and Apple, trading flat on volume of over 29.3 million shares.
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12974.0
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2023-10-23 00:00:00 UTC
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Why the Market Dipped But Apple (AAPL) Gained Today
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AAPL
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https://www.nasdaq.com/articles/why-the-market-dipped-but-apple-aapl-gained-today
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nan
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nan
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Apple (AAPL) closed at $173 in the latest trading session, marking a +0.07% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Heading into today, shares of the maker of iPhones, iPads and other products had lost 1.09% over the past month, outpacing the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95% in that time.
The upcoming earnings release of Apple will be of great interest to investors. The company's earnings report is expected on November 2, 2023. The company is forecasted to report an EPS of $1.39, showcasing a 7.75% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $88.93 billion, indicating a 1.34% downward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Apple. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.39% downward. Apple presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Apple is presently being traded at a Forward P/E ratio of 26.36. This expresses a premium compared to the average Forward P/E of 11.78 of its industry.
It's also important to note that AAPL currently trades at a PEG ratio of 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Computer - Mini computers industry stood at 2.32 at the close of the market yesterday.
The Computer - Mini computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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 +24.3% 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
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) closed at $173 in the latest trading session, marking a +0.07% move from the prior day. It's also important to note that AAPL currently trades at a PEG ratio of 2.32. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Apple (AAPL) closed at $173 in the latest trading session, marking a +0.07% move from the prior day. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. It's also important to note that AAPL currently trades at a PEG ratio of 2.32.
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Apple (AAPL) closed at $173 in the latest trading session, marking a +0.07% move from the prior day. It's also important to note that AAPL currently trades at a PEG ratio of 2.32. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Apple (AAPL) closed at $173 in the latest trading session, marking a +0.07% move from the prior day. It's also important to note that AAPL currently trades at a PEG ratio of 2.32. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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12975.0
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2023-10-23 00:00:00 UTC
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Guide to the Magnificent Seven Stocks & ETFs Investing
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AAPL
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https://www.nasdaq.com/articles/guide-to-the-magnificent-seven-stocks-etfs-investing
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nan
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nan
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA.
This group has made the S&P 500 more concentrated than ever, which means this key U.S. equity gauge’s further boom or doom depends on these seven stars. " The S&P 500 a market cap-weighted index comprised of 500 time-tested companies, a few of which have multiple classes of shares, per Motley Fool.
A Quarter of S&P 500 Invested on Magnificent Seven
At the current level, S&P 500 ETF – SPDR S&P 500 ETF Trust SPY – invests more than 26% in Magnificent Seven stocks. In the first half of 2023, the S&P 500 was up about 16.4% mainly due to the big tech rally. The expectations of a less-hawkish Fed, which actually turned out to be case, has facilitated a super tech rally in 1H of 2023.
But with the chances of a higher-for-longer interest rates in the United States has bode ill for the tech space with SPY falling about 3% so far in the second half of 2023. Many consider the over-reliance on the Magnificent Seven has made the S&P 500 a susceptible equity gauge.
Then why The Magnificent Seven Are Getting so much of importance? Let’s find out.
Magnificent Seven: S&P 500’s Real Profit Earners
The S&P 500 is up about 12.8% this year (as of Oct 18, 2023) while Invesco S&P 500 Equal Weight ETF (RSP) is off about 0.5% this year. The difference clearly explains the Magnificent Seven’s charisma in the investing world.
Inside the Winning Attributes of Magnificent Seven
Apple dominates over half of the U.S. smartphone market. Plus, the Services portfolio that includes revenues from cloud services, App store, Apple Music, AppleCare, Apple Pay, and licensing and other services now became the cash cow.
Microsoft dominates the PC software market with more than 73% of the market share for desktop operating systems. The company’s Microsoft 365 application suite is one of the most popular productivity software globally. It is also one of the prominent public cloud providers.
Alphabet's Google has consistently held around 90% of the global monthly internet search share for around a decade. Advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products of it are also notable.
Amazon holds a commanding lead in U.S. online retail sales, being over five times ahead of its nearest rival. Amazon also enjoys dominant position in the cloud-computing market, particularly in the Infrastructure as a Service (IaaS) space, thanks to Amazon Web Services (AWS), which is one of its high-margin generating businesses.
Nvidia is at the forefront of the AI boom. A significant 90% of GPUs used in AI-powered data centers come from Nvidia.
Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.88 billion people on a monthly basis as of Jun 30, 2023.
Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses.
Inside the Valuation of Magnificent Seven
Meta’s P/E (ttm) is 30.16X, lower than Computer Software-Services Market’s P/E of 36.47X. Alphabet’s P/E (ttm) is 29.51X, lower than the concerned industry Computer Software-Services Market’s P/E. Microsoft’s P/E (ttm) is 33.65X, lower than the concerned industry Computer Software-Services Market’s P/E. Apple’s P/E (ttm) stands at 29.55X, in line with Computer-Office Equipment Market’s P/E of 28.24X.
However, Amazon, Tesla and Nvidia are pricey.Amazon’s P/E (ttm) is 94.91X, lower than Nonfood Retail-Wholesale market’s P/E of 26.97X. Tesla’s P/E (ttm) 68.75X is way higher than the concerned industry Autos-Tires-Trucks market’s P/E of 23.13X. Nvidia’s P/E (ttm) 96.56X is also much higher than the concerned industry Electronics-Semiconductors market’s P/E of 41.04X.
Risks to “Magnificent Seven” Investing
Big Tech grapples with three regulatory hurdles: Privacy, content oversight, and antitrust scrutiny. These tech giants face challenges in safeguarding user privacy, moderating content, and addressing potential antitrust actions. Big Tech companies are currently under intense antitrust scrutiny, with regulators and lawmakers closely examining their market dominance and potential anti-competitive practices
Meanwhile, privacy, a complex issue with numerous trade-offs, is progressing slowly on the legislative front. Companies are taking active self-regulatory measures, which can have a more disruptive impact on the industry than government regulations.
Content oversight of Big Tech companies involves the monitoring user-generated content on their platforms, which is a big task given billions of users posting numerous content every day. Plus, government regulations can also go against the big tech companies’ revenues.
ETFs in Focus
Since some of the stocks look overvalued, investors may turn to the ETF approach as the basket form lowers the company-specific risks.
Roundhill BIG Tech ETF (BIGT)
It is a pureplay ETF on “Magnificent Seven.”
Invesco S&P 500 Top 50 ETF (XLG)
The fund measures the cap-weighted performance of 50 of the largest companies on the S&P 500 Index. It holds 55 stocks in its basket and "Magnificent Seven" accounts for a combined 49.2% share.
iShares S&P 100 ETF (OEF)
iShares S&P 100 ETF offers exposure to 101 largest U.S. companies. "Magnificent Seven" accounts for a combined 41.1% share.
Vanguard Mega Cap Growth ETF (MGK)
Vanguard Mega Cap Growth ETF tracks the CRSP US Mega Cap Growth Index. It holds 88 securities in its basket, with "Magnificent Seven" collectively accounting for 56.6% of the total assets.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports
iShares S&P 100 ETF (OEF): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
Roundhill BIG Tech ETF (BIGT): 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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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products of it are also notable.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Vanguard Mega Cap Growth ETF (MGK) Vanguard Mega Cap Growth ETF tracks the CRSP US Mega Cap Growth Index.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Roundhill BIG Tech ETF (BIGT) It is a pureplay ETF on “Magnificent Seven.” Invesco S&P 500 Top 50 ETF (XLG) The fund measures the cap-weighted performance of 50 of the largest companies on the S&P 500 Index.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. However, Amazon, Tesla and Nvidia are pricey.Amazon’s P/E (ttm) is 94.91X, lower than Nonfood Retail-Wholesale market’s P/E of 26.97X.
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12976.0
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2023-10-23 00:00:00 UTC
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Company News for Oct 23, 2023
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AAPL
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https://www.nasdaq.com/articles/company-news-for-oct-23-2023
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nan
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nan
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Shares of American Express Company AXP lost 5.4% after the company reported third-quarter 2023 revenues of $15.38 billion, missing the Zacks Consensus Estimate of $15.41 billion.
Shares of Apple Inc. AAPL slid 1.5% on the continued tech slump.
Shares of Regions Financial Corporation RF plummeted 12.4% after the company reported third-quarter 2023 earnings of 49 cents per share, missing the Zacks Consensus Estimate of 59 cents.
Shares of BP p.l.c. BP fell 1.8% on energy becoming one of the worst-hit sectors of the day.
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 +24.3% 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
BP p.l.c. (BP) : Free Stock Analysis Report
Regions Financial Corporation (RF) : Free Stock Analysis Report
American Express Company (AXP) : 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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Shares of Apple Inc. AAPL slid 1.5% on the continued tech slump. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report BP p.l.c. Shares of Regions Financial Corporation RF plummeted 12.4% after the company reported third-quarter 2023 earnings of 49 cents per share, missing the Zacks Consensus Estimate of 59 cents.
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Shares of Apple Inc. AAPL slid 1.5% on the continued tech slump. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report BP p.l.c. Shares of American Express Company AXP lost 5.4% after the company reported third-quarter 2023 revenues of $15.38 billion, missing the Zacks Consensus Estimate of $15.41 billion.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report BP p.l.c. Shares of Apple Inc. AAPL slid 1.5% on the continued tech slump. Shares of Regions Financial Corporation RF plummeted 12.4% after the company reported third-quarter 2023 earnings of 49 cents per share, missing the Zacks Consensus Estimate of 59 cents.
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Shares of Apple Inc. AAPL slid 1.5% on the continued tech slump. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report BP p.l.c. Shares of BP p.l.c.
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12977.0
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2023-10-23 00:00:00 UTC
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1 Extraordinary ETF Every Growth Investor Should Consider
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AAPL
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https://www.nasdaq.com/articles/1-extraordinary-etf-every-growth-investor-should-consider
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nan
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nan
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Managing your own stock portfolio has never been easier. Thanks to the advent of low-cost and tax-efficient exchange-traded funds (ETFs), investors can instantly gain exposure to a basket of companies operating in cutting-edge areas like artificial intelligence (AI), self-driving vehicles, or genomic medicines.
Alternatively, more conservative-leaning investors can employ ETFs to ramp up a portfolio's diversification factor either within or across sectors with little effort. Best of all, several passively managed ETFs have proven to be vastly superior investing vehicles, on multiple fronts (return on capital, volatility, risk, among others), compared to owning individual stocks.
Image Source: Getty Images.
However, the 30-year evolution of the ETF has created some unique problems for the industry and individual investors alike. Chief among them, the exponential growth in the number of ETFs over the last twenty years – from a mere 123 U.S.-based ETFs in 2003 to approximately 2,970 in 2023 – has made it harder than ever to decide which fund is worth buying and owning for the long haul. If you're looking for an ultra-high growth, medium risk, and low-fee vehicle, though, there is one ETF that stands apart from the crowd.
This tech-heavy ETF is a proven wealth-builder
The Fidelity MSCI Information Technology Index ETF (NYSEMKT: FTEC) is a star among stars. Oriented toward tech giants such as Apple, Adobe, Microsoft, and Nvidia, the FTEC ETF has been a top performer this year.
Since the start of 2023, FTEC has risen by 29.6%, outpacing the 24.8% rise in the Nasdaq Composite this year. However, FTEC isn't a buy simply because of its stellar year-to-date performance. It also compares favorably to other similar ETFs in the high-growth tech space.
Let's dig deeper. Among three of the most popular, passively managed tech-oriented ETFs in existence, FTEC sports the highest tilt toward pure-play information technology stocks. It also comes with an extremely attractive expense ratio, a comparable price-to-earnings ratio relative to its peers, and a similar level of performance year-to-date (see table).
The one minor drawback is the FTEC has considerably fewer total net assets under its umbrella compared to either the enormously popular Invesco QQQ Trust (NASDAQ: QQQ) or the ultra-low-fee Vanguard Growth Index Fund (NYSEMKT: VUG).
FUND TICKER*
YTD TOTAL RETURN (%)
NET EXPENSE RATIO
TOTAL NET ASSETS (IN BILLIONS)
P/E RATIO
IT* SECTOR WEIGHTING (%)
FTEC
29.6
0.08
6.9
29.5
100
QQQ
33.7
0.20
197.3
29.4
48.6
VUG
26.5
0.04
172.7
32.9
43
FTEC = Fidelity MSCI Information Technology Index ETF; QQQ = Invesco QQQ Trust; VUG = Vanguard Growth Index Fund. Data per Charles Schwab, Yahoo! Finance, The Vanguard Group, and Fidelity Investments. IT = Information Technology.
What about the fund's long-term performance? FTEC's strong showing in 2023 isn't a one-off performance. Since its inception in 2013, the Fidelity-backed fund has delivered a total return of 440%. For reference, the Nasdaq Composite has generated a total return of approximately 266% over this period, while the Invesco QQQ Trust has made shareholders richer by 370%. VUG, while still impressive, has only delivered a 241% total return on investment for shareholders over this 10-year period. Put simply, the FTEC has been one of the best-performing ETFs within its peer group since its inception.
Big picture
Is the FTEC still a buy? While there are some valid valuation concerns regarding many of the top holdings in all three of these tech-oriented ETFs, the long-term trend appears to be favorable. The IT sector is widely expected to benefit from the rapid evolution of generative AI in the years ahead, and the world is quickly embracing the march toward digital payments. Those trends are highly unlikely to lose momentum anytime soon. So, if you have a 10 to 20-year investing horizon, FTEC arguably screens as one of the smartest investments you can make right now.
10 stocks we like better than Fidelity Covington Trust-Fidelity Msci Information Technology Index ETF
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 Fidelity Covington Trust-Fidelity Msci Information Technology Index ETF 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 October 16, 2023
George Budwell has positions in Apple. The Motley Fool has positions in and recommends Adobe, Apple, Microsoft, Nvidia, and Vanguard Index Funds-Vanguard Growth ETF. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. 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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Thanks to the advent of low-cost and tax-efficient exchange-traded funds (ETFs), investors can instantly gain exposure to a basket of companies operating in cutting-edge areas like artificial intelligence (AI), self-driving vehicles, or genomic medicines. Best of all, several passively managed ETFs have proven to be vastly superior investing vehicles, on multiple fronts (return on capital, volatility, risk, among others), compared to owning individual stocks. The IT sector is widely expected to benefit from the rapid evolution of generative AI in the years ahead, and the world is quickly embracing the march toward digital payments.
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The one minor drawback is the FTEC has considerably fewer total net assets under its umbrella compared to either the enormously popular Invesco QQQ Trust (NASDAQ: QQQ) or the ultra-low-fee Vanguard Growth Index Fund (NYSEMKT: VUG). 26.5 0.04 172.7 32.9 43 FTEC = Fidelity MSCI Information Technology Index ETF; QQQ = Invesco QQQ Trust; VUG = Vanguard Growth Index Fund. The Motley Fool has positions in and recommends Adobe, Apple, Microsoft, Nvidia, and Vanguard Index Funds-Vanguard Growth ETF.
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This tech-heavy ETF is a proven wealth-builder The Fidelity MSCI Information Technology Index ETF (NYSEMKT: FTEC) is a star among stars. 26.5 0.04 172.7 32.9 43 FTEC = Fidelity MSCI Information Technology Index ETF; QQQ = Invesco QQQ Trust; VUG = Vanguard Growth Index Fund. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Fidelity Covington Trust-Fidelity Msci Information Technology Index ETF wasn't one of them!
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Oriented toward tech giants such as Apple, Adobe, Microsoft, and Nvidia, the FTEC ETF has been a top performer this year. However, FTEC isn't a buy simply because of its stellar year-to-date performance. That's right -- they think these 10 stocks are even better buys.
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12978.0
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2023-10-23 00:00:00 UTC
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Apple Stock: iPhone 15 Pro Models Demand Holds Steady, Lower-End Models See Lead Time Shifts
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AAPL
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https://www.nasdaq.com/articles/apple-stock%3A-iphone-15-pro-models-demand-holds-steady-lower-end-models-see-lead-time
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nan
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nan
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There have been reports that iPhone 15 sales are not quite as strong as Apple (NASDAQ:AAPL) would have liked, particularly in key markets such as China.
However, according to Evercore analyst Amit Daryanani, the picture is not conclusively negative. Although in some region, lead times have been falling, Evercore's iPhone tracking endeavors show the data points to “stable demand for the iPhone 15 Pro and Pro Max models vs. a year ago across most geographies.” That said, the past week has seen lower-end models’ lead times display “big contractions.”
Overall, according to Daryanani, USA lead times are “tracking in-line vs. a year ago while China is slightly weaker.”
Specifically, in the US, deliveries for the iPhone 15 Pro Max and Pro are expected between November 13th – 28th and November 6th – Nov 13th, respectively. This represents time to first delivery of 28 days for the Pro Max and 21 days for the Pro.
The estimated delivery window for the iPhone 15 Plus and 15 is from October 23rd to November 6th and from October 23rd to November 1st, respectively, with both models having a time to first delivery of just 3 days.
As for China, the iPhone 15 Pro Max and Pro are expected to be delivered in 3-5 and 2-3 weeks, respectively, which translates to a time to first delivery of 21 days for the Pro Max and 18 days for the Pro. On the other hand, the iPhone 15 and 15 Plus have delivery estimates for October 22nd, with a time to first delivery of just 2 days.
Daryanani also notes that, on average, over the past week, the Pro Max model’s lead times in the UK and Germany have been lower.
However, summing up, Daryanani’s last thoughts on the data are reassuring. “Finally, we would also caveat that delivery times could be a reflection of strong demand or weak supply – though we suspect given the variation in wait times that this data set more likely suggests higher demand,” he opined.
All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. (To watch Daryanani’s track record, click here)
Elsewhere on the Street, with an additional 19 Buys and 9 Holds, the stock claims a Moderate Buy consensus rating. The average target is only slightly lower than Daryanani’s objective, and at $207.51, represents 12-month upside of 20%. (See Apple stock forecast)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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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There have been reports that iPhone 15 sales are not quite as strong as Apple (NASDAQ:AAPL) would have liked, particularly in key markets such as China. All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. Daryanani also notes that, on average, over the past week, the Pro Max model’s lead times in the UK and Germany have been lower.
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There have been reports that iPhone 15 sales are not quite as strong as Apple (NASDAQ:AAPL) would have liked, particularly in key markets such as China. All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. Although in some region, lead times have been falling, Evercore's iPhone tracking endeavors show the data points to “stable demand for the iPhone 15 Pro and Pro Max models vs. a year ago across most geographies.” That said, the past week has seen lower-end models’ lead times display “big contractions.” Overall, according to Daryanani, USA lead times are “tracking in-line vs. a year ago while China is slightly weaker.” Specifically, in the US, deliveries for the iPhone 15 Pro Max and Pro are expected between November 13th – 28th and November 6th – Nov 13th, respectively.
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There have been reports that iPhone 15 sales are not quite as strong as Apple (NASDAQ:AAPL) would have liked, particularly in key markets such as China. All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. Although in some region, lead times have been falling, Evercore's iPhone tracking endeavors show the data points to “stable demand for the iPhone 15 Pro and Pro Max models vs. a year ago across most geographies.” That said, the past week has seen lower-end models’ lead times display “big contractions.” Overall, according to Daryanani, USA lead times are “tracking in-line vs. a year ago while China is slightly weaker.” Specifically, in the US, deliveries for the iPhone 15 Pro Max and Pro are expected between November 13th – 28th and November 6th – Nov 13th, respectively.
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There have been reports that iPhone 15 sales are not quite as strong as Apple (NASDAQ:AAPL) would have liked, particularly in key markets such as China. All told, Daryanani reiterated an Outperform (i.e., Buy) rating on AAPL, backed by a $210 price target, suggesting shares will climb 21% higher in the year ahead. Although in some region, lead times have been falling, Evercore's iPhone tracking endeavors show the data points to “stable demand for the iPhone 15 Pro and Pro Max models vs. a year ago across most geographies.” That said, the past week has seen lower-end models’ lead times display “big contractions.” Overall, according to Daryanani, USA lead times are “tracking in-line vs. a year ago while China is slightly weaker.” Specifically, in the US, deliveries for the iPhone 15 Pro Max and Pro are expected between November 13th – 28th and November 6th – Nov 13th, respectively.
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12979.0
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2023-10-23 00:00:00 UTC
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Taiwan presidential frontrunner assails China over Foxconn probe
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AAPL
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https://www.nasdaq.com/articles/taiwan-presidential-frontrunner-assails-china-over-foxconn-probe
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nan
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nan
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Adds quotes, details, Foxconn stock performance
TAIPEI, Oct 24 (Reuters) - Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple AAPL.O supplier Foxconn 2317.TW, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election.
Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times.
The sources said they believed it was disclosed for political reasons tied to Taiwan's January elections where the company's founder Terry Gou is running as an independent candidate for president.
The Global Times, in an English-language story late on Sunday, said by running, Gou might split the opposition vote, potentially ensuring a victory for Lai who is already leading in the polls.
Beijing detests Lai, whom it believes is a separatist. He says only Taiwan's people can decide their future, and Beijing has rebuffed his offers of talks.
Speaking at a news conference in Taipei and asked about Beijing's probe into Foxconn, Lai said China should "cherish and treasure" Taiwanese companies given their help in that country's economic development.
Foxconn's shares extended their declines on Tuesday, down more than 2% during mid-morning trade compared to a flat broader market .TWII. Shares closed 2.9% lower on Monday.
(Reporting by Ben Blanchard and Jeanny Kao; Editing by Jacqueline Wong and Jamie Freed)
((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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Adds quotes, details, Foxconn stock performance TAIPEI, Oct 24 (Reuters) - Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple AAPL.O supplier Foxconn 2317.TW, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election. The sources said they believed it was disclosed for political reasons tied to Taiwan's January elections where the company's founder Terry Gou is running as an independent candidate for president. The Global Times, in an English-language story late on Sunday, said by running, Gou might split the opposition vote, potentially ensuring a victory for Lai who is already leading in the polls.
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Adds quotes, details, Foxconn stock performance TAIPEI, Oct 24 (Reuters) - Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple AAPL.O supplier Foxconn 2317.TW, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times. Speaking at a news conference in Taipei and asked about Beijing's probe into Foxconn, Lai said China should "cherish and treasure" Taiwanese companies given their help in that country's economic development.
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Adds quotes, details, Foxconn stock performance TAIPEI, Oct 24 (Reuters) - Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple AAPL.O supplier Foxconn 2317.TW, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times. Speaking at a news conference in Taipei and asked about Beijing's probe into Foxconn, Lai said China should "cherish and treasure" Taiwanese companies given their help in that country's economic development.
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Adds quotes, details, Foxconn stock performance TAIPEI, Oct 24 (Reuters) - Taiwan Vice President Lai Ching-te on Tuesday hit out at China over its probe of major Apple AAPL.O supplier Foxconn 2317.TW, saying Beijing should "cherish" Taiwanese companies and not put pressure on them during an election. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times. The sources said they believed it was disclosed for political reasons tied to Taiwan's January elections where the company's founder Terry Gou is running as an independent candidate for president.
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12980.0
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2023-10-23 00:00:00 UTC
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China stocks close at 4-1/2-year lows as global worries compound economic woes
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AAPL
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https://www.nasdaq.com/articles/china-stocks-close-at-4-1-2-year-lows-as-global-worries-compound-economic-woes
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nan
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nan
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Updates to closing
SHANGHAI, Oct 23 (Reuters) - China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others asglobal marketjitters compounded lingering worries over domestic economic health.
The CSI300 Index .CSI300 fell 1% to its lowest closing level since February 2019. The Shanghai Composite Index .SSEC, which broke the psychologically important 3,000-point level last week, slid 1.5% to a near one-year low.
The recent fall in global markets, a spike in jitters, and a shaky dollar "looks like global risks emerging", Zhang Chi, strategist of Sinolink Securities, wrote in a note.
Systemic global risks could kill the rebound of A-shares in the bud, so "we don't see a market bottom this year", Zhang added.
Israel bombarded Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, heightening worries about a widening Middle East conflict.
Global volatility spiked as investors stayed concerned about the Gaza conflict spreading, while it's not yet certain that global rate hikes are over, Maybank wrote in a note on Monday.
Such risks weigh on already gloomy sentiment in China, where the economy continues to creak under a deepening property crisis despite Beijing's slew of stimulus measures.
"A big problem ofcurrent stock marketis that sentiment is overly pessimistic," said Zhou Zhiyang, fund manager at Jiahe Private Fund Management Co.
"But whether the underlying value is truly this low deserves a question mark."
In addition, recent measures by China's securities regulator to restrict short-selling activities have led to forced selling by some hedge fund managers using long-short strategies, fund manager Yang Tingwu said.
"It's a man-made crisis" caused by well-intended, but ineffective policies, said Yang, general manager of asset manager Tongheng Investment.
Sentiment was not helped by Goldman Sachs data showing foreign exchange outflows from China rose sharply to $75 billion in September, the biggest monthly figure since 2016.
Shares in China fell across the board.
Tech stocks led the declines, with the STAR 50 index .STAR50 slumping 2.5% to record lows.
Shares of Foxconn Industrial Internet Co. 601138.SS sank 10% to five-month lows on media reports its parent company Foxconn 2317.TW, a major supplier of Apple's AAPL.O iPhones, was the subject of tax audits and land use probes in China.
Hong Kong market is closed on Monday for a public holiday.
(Reporting by Shanghai Newsroom; Editing by Janane Venkatraman and Muralikumar Anantharaman)
((li.gu@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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Shares of Foxconn Industrial Internet Co. 601138.SS sank 10% to five-month lows on media reports its parent company Foxconn 2317.TW, a major supplier of Apple's AAPL.O iPhones, was the subject of tax audits and land use probes in China. Israel bombarded Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, heightening worries about a widening Middle East conflict. Such risks weigh on already gloomy sentiment in China, where the economy continues to creak under a deepening property crisis despite Beijing's slew of stimulus measures.
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Shares of Foxconn Industrial Internet Co. 601138.SS sank 10% to five-month lows on media reports its parent company Foxconn 2317.TW, a major supplier of Apple's AAPL.O iPhones, was the subject of tax audits and land use probes in China. Updates to closing SHANGHAI, Oct 23 (Reuters) - China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others asglobal marketjitters compounded lingering worries over domestic economic health. The CSI300 Index .CSI300 fell 1% to its lowest closing level since February 2019.
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Shares of Foxconn Industrial Internet Co. 601138.SS sank 10% to five-month lows on media reports its parent company Foxconn 2317.TW, a major supplier of Apple's AAPL.O iPhones, was the subject of tax audits and land use probes in China. Updates to closing SHANGHAI, Oct 23 (Reuters) - China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others asglobal marketjitters compounded lingering worries over domestic economic health. "A big problem ofcurrent stock marketis that sentiment is overly pessimistic," said Zhou Zhiyang, fund manager at Jiahe Private Fund Management Co. "But whether the underlying value is truly this low deserves a question mark."
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Shares of Foxconn Industrial Internet Co. 601138.SS sank 10% to five-month lows on media reports its parent company Foxconn 2317.TW, a major supplier of Apple's AAPL.O iPhones, was the subject of tax audits and land use probes in China. Updates to closing SHANGHAI, Oct 23 (Reuters) - China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others asglobal marketjitters compounded lingering worries over domestic economic health. The CSI300 Index .CSI300 fell 1% to its lowest closing level since February 2019.
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12981.0
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2023-10-23 00:00:00 UTC
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Big Q3 Earnings Headed Our Way: MSFT, GOOGL & More
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AAPL
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https://www.nasdaq.com/articles/big-q3-earnings-headed-our-way%3A-msft-googl-more
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nan
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nan
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Markets closed down back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession. The Dow slipped -190 points today, -0.58%, while the Nasdaq gained +34 points, +0.27%. The S&P 500 split the difference, -0.17%, while the small-cap Russell 2000 lost -0.69%.
The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL — as well as Microsoft MSFT, Intel INTC and many more are issuing quarterly reports this week. The basic hugeness of these firms, many of which also constitute the “Magnificent 7” stocks that rose to year-to-date highs on prospective strength in the A.I. space, mean they can change the trajectory of earnings season all by themselves.
Speaking of Intel, shares there took a -3% hit today when it was reported NVIDIA NVDA — #1 of the Magnificent 7 — is planning to produce its own ARM-based chips, which analysts consider a direct challenge to Intel’s market share. NVIDIA was up +4% on the news, and ARM Holdings ARM gained +6%. It’s these sorts of narratives giving the Nasdaq index the upper-hand on trading days like today.
Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps). The 2-year, which looked willing to give up the inversion of the yield curve earlier, only came down to +5.06% — a scant 5 bps or so. For certain, bond yields are doing some of the Fed’s work for them, curbing any excessive appetite in the equities market.
Aside from Microsoft and Google reporting earnings tomorrow after the close, we also expect to hear from GM GM, GE GE, Coke KO, Visa V and Texas Instruments TXN. You can tell a lot about the economic health of the U.S. just by tracking those companies alone. Continued positive results would keep some upward pressure on stocks, but it’s unclear how much. In normal times, with bond yields so low as to be easily dismissed, strong earnings numbers would send markets on an end-of-the-year surge.
Questions or comments about this article and/or author? Click here>>
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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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The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL — as well as Microsoft MSFT, Intel INTC and many more are issuing quarterly reports this week. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report General Electric Company (GE) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ARM Holdings PLC Sponsored ADR (ARM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession.
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The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL — as well as Microsoft MSFT, Intel INTC and many more are issuing quarterly reports this week. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report General Electric Company (GE) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ARM Holdings PLC Sponsored ADR (ARM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Aside from Microsoft and Google reporting earnings tomorrow after the close, we also expect to hear from GM GM, GE GE, Coke KO, Visa V and Texas Instruments TXN.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report General Electric Company (GE) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ARM Holdings PLC Sponsored ADR (ARM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL — as well as Microsoft MSFT, Intel INTC and many more are issuing quarterly reports this week. Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps).
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report General Electric Company (GE) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ARM Holdings PLC Sponsored ADR (ARM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL — as well as Microsoft MSFT, Intel INTC and many more are issuing quarterly reports this week. Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps).
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12982.0
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2023-10-23 00:00:00 UTC
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3 Mega-Cap Stocks To Buy Before They're Worth $1 Trillion
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AAPL
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https://www.nasdaq.com/articles/3-mega-cap-stocks-to-buy-before-theyre-worth-%241-trillion
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nan
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nan
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One of the more interesting subplots of the artificial intelligence (AI) boom this year was chip designer Nvidia's (NVDA) ascent to join big dogs like Apple (AAPL) and Microsoft (MSFT) among the ranks of companies with trillion-dollar market caps. It's a fairly exclusive group right now - but judging by the growth prospects for some of the top U.S. mega-caps, the $1 trillion club could easily expand its membership in the years to come.
While the stock market is struggling through a particularly volatile patch at the moment, long-term investors looking to buy on the dip may want to consider scooping up shares of the next crop of trillion-dollar corporations - before they hit the 13-digit club. Here's a look at three top prospects to consider from the mega-cap group.
Meta Platforms: The Social Media Giant Branches Out
Meta Platforms (META), formerly Facebook, is famously on a metaverse journey where virtual reality connects people and digital content.
Meta's stock has surged 142% in the past 52 weeks, and now boasts a hefty market cap of $794.2 billion – ranking it as the fifth-largest U.S. company.
www.barchart.com
Meta's strength lies in its social media dominance, with over 3 billion monthly active users across platforms like Instagram, WhatsApp, and Messenger. They also own Oculus, a VR headset leader, and are committed to metaverse development, led by CEO Mark Zuckerberg, who envisions a multi-trillion-dollar metaverse industry.
On the earnings front, Meta has exceeded expectations in each of the past three quarters. In Q2 2023, META reported earnings per share of $3.23, beating the estimate by 12.54%. Revenue, largely from advertising, grew 56% YoY to $29.1 billion, showcasing operational efficiency with a 43% operating margin.
Meta's Q3 earnings report is due this Wednesday, Oct. 25, and analysts project earnings per share of $3.57 - a 117% YoY increase - with revenue estimated at $33.4 billion.
www.barchart.com
As it approaches a trillion-dollar market cap, Meta stands out as an attractive mega-cap stock due to its growth potential in the metaverse and in AI, along with improving financials.
With an average target price of $366.08 from analysts, suggesting 16% upside from current levels, Meta stands out as a compelling choice for long-term investors.
Berkshire Hathaway: Warren Buffett's Legendary Conglomerate
Berkshire Hathaway (BRK.B) - better known as Warren Buffett's conglomerate - is a diverse powerhouse with interests in multiple industries, from insurance and railroads to energy and consumer goods, along with a legendary portfolio of equity holdings. Berkshire has a market cap of $729.17 billion, just behind Meta.
As recently as last month, BRK.B hit a new high of $373.34 per share. The stock is up 19% over the past 52 weeks to outpace the S&P 500 Index ($SPX) by 7 percentage points over this time frame.
www.barchart.com
Financially, Berkshire is a stalwart, with Q2 2023 operating profit topping $10 billion for the first time ever. Rising interest rates benefited Berkshire's cash hoard and other fixed-income investments, while a massive tech rally boosted the portfolio's outsized Apple stake.
With a physical cash hoard near record levels, around $50 billion, Berkshire is well positioned for future buybacks, as well as new opportunities and acquisitions.
The next chapter unfolds on Nov. 3, when Berkshire reports Q3 earnings. Analysts predict earnings per share of $4.74, up 34% from the year-ago period.
www.barchart.com
Analysts are in Buffett's corner, with the average target price of $414.00, suggesting 23% upside from current levels. The consensus rating is a “strong buy,” with only one analyst out of three suggesting a “hold.”
www.barchart.com
Why should long-term investors be excited about Berkshire? Beyond Warren Buffett's steady hand to guide it, this mega-cap stock checks all the boxes for stability, diversification, and growth.
ExxonMobil: Oil Giant Makes Strategic Moves
ExxonMobil (XOM) is a massive global energy player that's not content to rest on its status as the largest U.S. oil company. Specifically, Exxon - which already has a market cap of $444.67 billion - just announced plans to acquire Pioneer Natural Resources (PXD) in a $60 billion deal that analysts expect to deliver long-term benefits in the crucial Permian Basin.
XOM has gained just 6% in the last 52 weeks to lag the broader market, but the stock has crushed the S&P by rising more than 263% in the last three years.
www.barchart.com
Along with Exxon's Permian growth strategy, the company is also investing $3 billion in low-carbon solutions by 2025, including hydrogen, biofuels, and carbon capture.
XOM missed Q2 EPS estimates on tough year-over-year comparisons, but comps should be easier when the oil major reports Q3 results on Oct. 27. Analysts expect earnings per share of $2.39, down 46%, with revenues estimated at $87.9 billion.
www.barchart.com
XOM is an attractive mega-cap stock on the path to $1 trillion, thanks to its strong cash flow, diverse portfolio, and multi-pronged strategy to grow energy production. Plus, their annual dividend of $3.64 per share yields 3.28%.
Analysts are bullish, with the average target price of $128.67 indicating a potential 17% upside from current levels. Analysts rate XOM a “moderate buy” overall, with 9 out of 17 analysts suggesting a “strong buy” and 8 recommending a “hold.”
www.barchart.com
For long-term investors seeking growth, stability, and returns, ExxonMobil is an excellent portfolio addition.
Conclusion
Berkshire Hathaway, Meta Platforms, and ExxonMobil all have the potential to reach trillion-dollar valuations in the years ahead through disciplined, strategic growth. Though risks remain, these corporate giants all have viable paths to join the elite trillion-dollar club. For risk-tolerant investors, buying stakes before they hit the milestone could generate substantial returns.
On the date of publication, Ebube Jones 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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One of the more interesting subplots of the artificial intelligence (AI) boom this year was chip designer Nvidia's (NVDA) ascent to join big dogs like Apple (AAPL) and Microsoft (MSFT) among the ranks of companies with trillion-dollar market caps. While the stock market is struggling through a particularly volatile patch at the moment, long-term investors looking to buy on the dip may want to consider scooping up shares of the next crop of trillion-dollar corporations - before they hit the 13-digit club. Rising interest rates benefited Berkshire's cash hoard and other fixed-income investments, while a massive tech rally boosted the portfolio's outsized Apple stake.
|
One of the more interesting subplots of the artificial intelligence (AI) boom this year was chip designer Nvidia's (NVDA) ascent to join big dogs like Apple (AAPL) and Microsoft (MSFT) among the ranks of companies with trillion-dollar market caps. www.barchart.com As it approaches a trillion-dollar market cap, Meta stands out as an attractive mega-cap stock due to its growth potential in the metaverse and in AI, along with improving financials. With an average target price of $366.08 from analysts, suggesting 16% upside from current levels, Meta stands out as a compelling choice for long-term investors.
|
One of the more interesting subplots of the artificial intelligence (AI) boom this year was chip designer Nvidia's (NVDA) ascent to join big dogs like Apple (AAPL) and Microsoft (MSFT) among the ranks of companies with trillion-dollar market caps. Meta's Q3 earnings report is due this Wednesday, Oct. 25, and analysts project earnings per share of $3.57 - a 117% YoY increase - with revenue estimated at $33.4 billion. www.barchart.com As it approaches a trillion-dollar market cap, Meta stands out as an attractive mega-cap stock due to its growth potential in the metaverse and in AI, along with improving financials.
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One of the more interesting subplots of the artificial intelligence (AI) boom this year was chip designer Nvidia's (NVDA) ascent to join big dogs like Apple (AAPL) and Microsoft (MSFT) among the ranks of companies with trillion-dollar market caps. Meta's Q3 earnings report is due this Wednesday, Oct. 25, and analysts project earnings per share of $3.57 - a 117% YoY increase - with revenue estimated at $33.4 billion. www.barchart.com As it approaches a trillion-dollar market cap, Meta stands out as an attractive mega-cap stock due to its growth potential in the metaverse and in AI, along with improving financials.
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12983.0
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2023-10-23 00:00:00 UTC
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Hedge funds trim exposure to megacap tech stocks, banks say
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AAPL
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https://www.nasdaq.com/articles/hedge-funds-trim-exposure-to-megacap-tech-stocks-banks-say
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nan
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nan
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By Carolina Mandl
NEW YORK, Oct 23 (Reuters) - Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said.
Microsoft MSFT.O, Alphabet GOOGL.O, Amazon AMZN.O and Meta Platforms META.O - four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this year while the rest of the index has lagged - have earnings due this week. Apple AAPL.O and Nvidia NVDA.O are set to report next month.
Overall, the megacap companies are expected to post a 32.8% gain in earnings for the full year, while the rest of the S&P 500 sees a 2.3% decline over the same time, according to LSEG.
"We’d note that hedge funds have trimmed a bit of megacap tech risk recently. We’ve seen some long selling and short additions among the group," JPMorgan Chase's positioning intelligence unit wrote in a note, taking into account how its clients rotated portfolios.
Goldman Sachs Group GS.N showed a similar trend, adding hedge funds have net sold megacap tech stocks in the past two weeks.
Still, both banks, which manage two of the Wall Street's biggest prime brokerage units, said megacap tech stocks continue to account for a relevant part of hedge fund's book.
Goldman Sachs said megacaps account for almost 20% of its hedge funds' clients total U.S. single stock net exposure, versus around 8% in January. "(It) is still near record highs, as managers have been selling other stocks at a much more rapid pace," Vincent Lin, Goldman's co-head of prime insights.
As hedge funds have also been selling stocks in other sectors, total exposure to megacap tech stocks remain at close to record levels back to 2018, JPMorgan said.
(Reporting by Carolina Mandl, in New York, additional reporting by Nell Mackenzie, in London; Editing by Alistair Bell)
((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))
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 and Nvidia NVDA.O are set to report next month. By Carolina Mandl NEW YORK, Oct 23 (Reuters) - Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said. We’ve seen some long selling and short additions among the group," JPMorgan Chase's positioning intelligence unit wrote in a note, taking into account how its clients rotated portfolios.
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Apple AAPL.O and Nvidia NVDA.O are set to report next month. Still, both banks, which manage two of the Wall Street's biggest prime brokerage units, said megacap tech stocks continue to account for a relevant part of hedge fund's book. Goldman Sachs said megacaps account for almost 20% of its hedge funds' clients total U.S. single stock net exposure, versus around 8% in January.
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Apple AAPL.O and Nvidia NVDA.O are set to report next month. By Carolina Mandl NEW YORK, Oct 23 (Reuters) - Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said. Still, both banks, which manage two of the Wall Street's biggest prime brokerage units, said megacap tech stocks continue to account for a relevant part of hedge fund's book.
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Apple AAPL.O and Nvidia NVDA.O are set to report next month. By Carolina Mandl NEW YORK, Oct 23 (Reuters) - Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said. Microsoft MSFT.O, Alphabet GOOGL.O, Amazon AMZN.O and Meta Platforms META.O - four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this year while the rest of the index has lagged - have earnings due this week.
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The Magnificent 7 Stocks Are a Pre-Earnings Buy (Despite the Tesla Miss!)
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AAPL
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https://www.nasdaq.com/articles/the-magnificent-7-stocks-are-a-pre-earnings-buy-despite-the-tesla-miss
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
One down. Six to go. Tesla (NASDAQ:TSLA) kicked off third-quarter earnings season for the so-called Magnificent 7 of the Nasdaq last week with a thud. Elon Musk’s electric car juggernaut reported results that underwhelmed Wall Street, sending its stock down nearly 10%. Investors are now getting ready for other top tech titans to reveal Q3 numbers this week and they are hoping for some better results.
First up, Microsoft (NASDAQ:MSFT) and Google owner Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) report Tuesday after the closing bell. Facebook parent Meta Platforms (NASDAQ:META) is on tap to release results Wednesday. Amazon (NASDAQ:AMZN) closes out the busy week of tech earnings on Thursday. The remaining two of the Magnificent 7 stocks — Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) — are due to report earnings on Nov. 2 and Nov. 21, respectively.
There’s a lot at play. All seven stocks have surged so far this year, but they’ve cooled a bit lately due to concerns about rising bond yields and continued inflation fears. The spike in oil prices due to the Israel-Hamas war isn’t helping.
But it would be a mistake to write off the top techs because of macroeconomic concerns. What’s more, Tesla’s weak performance shouldn’t have much (if any) bearing on the rest of tech since none of the other Nasdaq leaders really compete with Tesla. (Amazon, which has a stake in electric truck company Rivian, and Alphabet, which owns autonomous car company Waymo, come closest).
So, the rest of the tech giants may be compelling buys, especially given recent market volatility.
Magnificent 7 Stocks: What to Expect This Earnings Season
In fact, the remaining half-dozen companies in the Magnificent 7 are poised to report solid results. Consider that Americans still seem willing to spend on affordable luxuries… such as streaming media. Netflix’s (NASDAQ:NFLX) blockbuster earnings report last week (on the same day that Tesla disappointed) showed that consumers are still spending on monthly plans to watch their favorite shows and movies. That should bode well for Amazon (which owns Prime Video), YouTube parent Alphabet and Apple, the home to Ted Lasso and other buzzworthy programs.
Amazon also stands to win big during the upcoming holiday shopping season. U.S. consumers don’t seem to be pulling back at all. The September retail sales figures were surprisingly strong. And according to research from FactSet, Amazon’s earnings per share in the third quarter are expected to more than double from a year ago. Microsoft could get a boost from the resilient consumer too thanks to its Xbox gaming console. And Apple could benefit from iPhone 15 sales.
Then there’s the artificial intelligence boom. Meta’s investments in AI have helped lead to more relevant ads, particularly on the company’s Instagram and Reels platforms. That should boost Meta’s revenue. And Nvidia, a big player in AI chips, is anticipated to report extremely strong numbers for the third quarter. Its earnings per share are forecast to surge nearly 475% from a year ago. FactSet says that Nvidia’s earnings are expected to be the biggest contributor to profit growth for the entire S&P 500 in the third quarter.
So, there’s good reason to expect that Microsoft, Alphabet, Meta, Amazon, Apple and Nvidia will avoid the fate of Tesla. Better-than-expected numbers could also lead to big rallies like Netflix had. (Shares surged 16% following its earnings report). Of course, the risk is that even a slight earnings or revenue miss or a whiff of cautious commentary from top executives at any of these companies could hurt their stocks.
How to Profit Without Buying Tech Stocks
That’s why investors who don’t want to pick and choose winners and losers among the Magnificent 7 and want broader exposure to all Big Tech should consider funds instead. The MicroSectors FANG+ ETN (NYSEARCA:FNGS) has big stakes in all the Magnificent 7 stocks, as well as Netflix, Broadcom (NASDAQ:AVGO) and Snowflake (NYSE:SNOW). There’s also the Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG). That fund owns all the mega-caps of the S&P 500. So, in addition to tech, investors also get a bit more diversification. Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B), insurer UnitedHealth (NYSE:UNH) and Big Pharma leader Eli Lilly (NYSE:LLY) round out the top 10.
As of this writing, Paul R. La Monica 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.
Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news.
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The post The Magnificent 7 Stocks Are a Pre-Earnings Buy (Despite the Tesla Miss!) 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 remaining two of the Magnificent 7 stocks — Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) — are due to report earnings on Nov. 2 and Nov. 21, respectively. All seven stocks have surged so far this year, but they’ve cooled a bit lately due to concerns about rising bond yields and continued inflation fears. The MicroSectors FANG+ ETN (NYSEARCA:FNGS) has big stakes in all the Magnificent 7 stocks, as well as Netflix, Broadcom (NASDAQ:AVGO) and Snowflake (NYSE:SNOW).
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The remaining two of the Magnificent 7 stocks — Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) — are due to report earnings on Nov. 2 and Nov. 21, respectively. First up, Microsoft (NASDAQ:MSFT) and Google owner Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) report Tuesday after the closing bell. So, there’s good reason to expect that Microsoft, Alphabet, Meta, Amazon, Apple and Nvidia will avoid the fate of Tesla.
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The remaining two of the Magnificent 7 stocks — Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) — are due to report earnings on Nov. 2 and Nov. 21, respectively. Magnificent 7 Stocks: What to Expect This Earnings Season In fact, the remaining half-dozen companies in the Magnificent 7 are poised to report solid results. How to Profit Without Buying Tech Stocks That’s why investors who don’t want to pick and choose winners and losers among the Magnificent 7 and want broader exposure to all Big Tech should consider funds instead.
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The remaining two of the Magnificent 7 stocks — Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) — are due to report earnings on Nov. 2 and Nov. 21, respectively. So, there’s good reason to expect that Microsoft, Alphabet, Meta, Amazon, Apple and Nvidia will avoid the fate of Tesla. How to Profit Without Buying Tech Stocks That’s why investors who don’t want to pick and choose winners and losers among the Magnificent 7 and want broader exposure to all Big Tech should consider funds instead.
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Guide to the Magnificent Seven Stocks & ETFs Investing
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AAPL
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https://www.nasdaq.com/articles/guide-to-the-magnificent-seven-stocks-etfs-investing-0
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nan
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nan
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA.
This group has made the S&P 500 more concentrated than ever, which means this key U.S. equity gauge’s further boom or doom depends on these seven stars. " The S&P 500 a market cap-weighted index comprised of 500 time-tested companies, a few of which have multiple classes of shares, per Motley Fool.
A Quarter of S&P 500 Invested on Magnificent Seven
At the current level, S&P 500 ETF – SPDR S&P 500 ETF Trust SPY – invests more than 26% in Magnificent Seven stocks. In the first half of 2023, the S&P 500 was up about 16.4% mainly due to the big tech rally. The expectations of a less-hawkish Fed, which actually turned out to be case, has facilitated a super tech rally in 1H of 2023.
But with the chances of a higher-for-longer interest rates in the United States has bode ill for the tech space with SPY falling about 3% so far in the second half of 2023. Many consider the over-reliance on the Magnificent Seven has made the S&P 500 a susceptible equity gauge.
Then why The Magnificent Seven Are Getting so much of importance? Let’s find out.
Magnificent Seven: S&P 500’s Real Profit Earners
The S&P 500 is up about 12.8% this year (as of Oct 18, 2023) while Invesco S&P 500 Equal Weight ETF (RSP) is off about 0.5% this year. The difference clearly explains the Magnificent Seven’s charisma in the investing world.
Inside the Winning Attributes of Magnificent Seven
Apple dominates over half of the U.S. smartphone market. Plus, the Services portfolio that includes revenues from cloud services, App store, Apple Music, AppleCare, Apple Pay, and licensing and other services now became the cash cow.
Microsoft dominates the PC software market with more than 73% of the market share for desktop operating systems. The company’s Microsoft 365 application suite is one of the most popular productivity software globally. It is also one of the prominent public cloud providers.
Alphabet's Google has consistently held around 90% of the global monthly internet search share for around a decade. Advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products of it are also notable.
Amazon holds a commanding lead in U.S. online retail sales, being over five times ahead of its nearest rival. Amazon also enjoys dominant position in the cloud-computing market, particularly in the Infrastructure as a Service (IaaS) space, thanks to Amazon Web Services (AWS), which is one of its high-margin generating businesses.
Nvidia is at the forefront of the AI boom. A significant 90% of GPUs used in AI-powered data centers come from Nvidia.
Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.88 billion people on a monthly basis as of Jun 30, 2023.
Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses.
Inside the Valuation of Magnificent Seven
Meta’s P/E (ttm) is 30.16X, lower than Computer Software-Services Market’s P/E of 36.47X. Alphabet’s P/E (ttm) is 29.51X, lower than the concerned industry Computer Software-Services Market’s P/E. Microsoft’s P/E (ttm) is 33.65X, lower than the concerned industry Computer Software-Services Market’s P/E. Apple’s P/E (ttm) stands at 29.55X, in line with Computer-Office Equipment Market’s P/E of 28.24X.
However, Amazon, Tesla and Nvidia are pricey.Amazon’s P/E (ttm) is 94.91X, lower than Nonfood Retail-Wholesale market’s P/E of 26.97X. Tesla’s P/E (ttm) 68.75X is way higher than the concerned industry Autos-Tires-Trucks market’s P/E of 23.13X. Nvidia’s P/E (ttm) 96.56X is also much higher than the concerned industry Electronics-Semiconductors market’s P/E of 41.04X.
Risks to “Magnificent Seven” Investing
Big Tech grapples with three regulatory hurdles: Privacy, content oversight, and antitrust scrutiny. These tech giants face challenges in safeguarding user privacy, moderating content, and addressing potential antitrust actions. Big Tech companies are currently under intense antitrust scrutiny, with regulators and lawmakers closely examining their market dominance and potential anti-competitive practices
Meanwhile, privacy, a complex issue with numerous trade-offs, is progressing slowly on the legislative front. Companies are taking active self-regulatory measures, which can have a more disruptive impact on the industry than government regulations.
Content oversight of Big Tech companies involves the monitoring user-generated content on their platforms, which is a big task given billions of users posting numerous content every day. Plus, government regulations can also go against the big tech companies’ revenues.
ETFs in Focus
Since some of the stocks look overvalued, investors may turn to the ETF approach as the basket form lowers the company-specific risks.
Roundhill BIG Tech ETF (BIGT)
It is a pureplay ETF on “Magnificent Seven.”
Invesco S&P 500 Top 50 ETF (XLG)
The fund measures the cap-weighted performance of 50 of the largest companies on the S&P 500 Index. It holds 55 stocks in its basket and "Magnificent Seven" accounts for a combined 49.2% share.
iShares S&P 100 ETF (OEF)
iShares S&P 100 ETF offers exposure to 101 largest U.S. companies. "Magnificent Seven" accounts for a combined 41.1% share.
Vanguard Mega Cap Growth ETF (MGK)
Vanguard Mega Cap Growth ETF tracks the CRSP US Mega Cap Growth Index. It holds 88 securities in its basket, with "Magnificent Seven" collectively accounting for 56.6% of the total assets.
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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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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports
iShares S&P 100 ETF (OEF): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
Roundhill BIG Tech ETF (BIGT): 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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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products of it are also notable.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Vanguard Mega Cap Growth ETF (MGK) Vanguard Mega Cap Growth ETF tracks the CRSP US Mega Cap Growth Index.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. Roundhill BIG Tech ETF (BIGT) It is a pureplay ETF on “Magnificent Seven.” Invesco S&P 500 Top 50 ETF (XLG) The fund measures the cap-weighted performance of 50 of the largest companies on the S&P 500 Index.
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The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia NVDA, Meta Platforms META and Tesla TSLA. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares S&P 100 ETF (OEF): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report Roundhill BIG Tech ETF (BIGT): ETF Research Reports To read this article on Zacks.com click here. However, Amazon, Tesla and Nvidia are pricey.Amazon’s P/E (ttm) is 94.91X, lower than Nonfood Retail-Wholesale market’s P/E of 26.97X.
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Markets Today: Global Stocks Slide as Bond Yields Climb
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AAPL
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https://www.nasdaq.com/articles/markets-today%3A-global-stocks-slide-as-bond-yields-climb
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nan
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nan
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Morning Markets
December E-Mini S&P 500 futures (ESZ23) are down -0.29% at a 4-3/4 month low, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are down -0.30% at 4-1/2 month low.
Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield rose above 5% for the first time since 2007, sparking concern that higher borrowing costs will curb economic growth. Also, concerns that the Israeli-Hamas war could escalate into a regional conflict are weighing on market sentiment.
Western countries have intensified efforts to stop the Israeli-Has war from spreading, with EU leaders endorsing a United Nations call for a “humanitarian pause” in the war. President Biden spoke with the presidents of Canada, France, Germany, and Italy to strengthen coordination among allies, while the prime ministers of Greece and the Netherlands are due in Israel today, and French President Macron will meet Israeli leaders on Tuesday.
Israel said it supports diplomatic efforts to get Hamas to release hostages from Gaza, a move that could delay a possible ground invasion, although Israel said it won’t wait long to start its ground assault. Iran and its proxy forces in Lebanon, Iraq, and Yemen have warned they could retaliate against Israel if Israeli troops enter Gaza.
M&A activity lifted stock index futures from their lows after Chevron agreed to acquire Hess Corp for about $53 billion. Also, Stonepeak agreed to buy Textainer Group for about $7.4 billion.
The markets are discounting a 2% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 23% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in the second half of 2024 in response to an expected slowdown in the U.S. economy.
U.S. and European bond yields are higher. The 10-year T-note yield rose to a 16-year high of 5.019% and is up +4.9 bp at 4.963%. The 10-year German bund yield rose to a 2-1/2 week high of 2.972% and is up +3.8 bp at 2.927%. The 10-year UK gilt yield rose to a 2-month high of 4.737% and is up +3.3 bp at 4.683%.
Overseas stock markets are lower. The Euro Stoxx 50 is down -0.14%. China’s Shanghai Composite Index closed down -1.47%. Japan’s Nikkei 225 today closed down -0.83%.
The Euro Stoxx 50 today fell to a 7-month low on concerns that rising interest rates will stifle economic growth. The 10-year T-note yield rose above 5% for the first time in 16 years, which helped push the 10-year UK gilt yield to a 2-month high and the 10-year German bund yield to a 2-1/2 week high. Also, weaker corporate earnings results weighed on market sentiment. Volkswagen AG fell more than -2% after reporting weaker-than-expected Q3 earnings and cutting its full-year operating profit estimate. In addition, Royal Philips NV dropped about 4% after reporting Q3 new orders slumped -9%, the fifth consecutive quarter new orders have fallen.
China’s Shanghai Composite Stock Index today tumbled to a new 11-1/2 month low and closed moderately lower. Weakness in Chinese technology stocks led the overall market lower as market sentiment took a hit after Chinese authorities launched a series of investigations into several foreign companies. State media reported that Apple supplier Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China, was being investigated by tax authorities and that an executive and two former employees at WPP Plc, one of the world’s largest advertising companies, were arrested in China. Also, the Nikkei newspaper reported that the Chinese government detained a local employee of a Japanese metals trading company back in March. Meanwhile, Chinese property stocks remain under pressure on liquidity concerns after Country Garden Holdings defaulted on a dollar-bond interest payment due last week.
Japan’s Nikkei Stock Index today fell to a 2-week low and posted moderate losses. Risk aversion is pressuring stock prices on concerns about the ramifications of a wider conflict in the Middle East that could spark a surge in oil prices. Also, soaring borrowing costs are weighing on equities after the 10-year T-note yield climbed above 5% for the first time since 2007. The jump in T-note yields also helped push the Japan 10-year JGB bond yields up to a 10-year high today of 0.882%. Losses in Japanese stocks were limited as exporter stocks moved higher after the yen fell to a 2-1/2 week low against the dollar.
Pre-Market U.S. Stock Movers
Megacap technology stocks are falling in pre-market trading as the 10-year T-note yield rose above 5% for the first time in 16 years. Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA) are down -1% or more.
Chevron (CVX) is down more than -5% in pre-market trading after agreeing to acquire Hess Corp in a deal valued at about $53 billion.
Okta Inc (OKTA) tumbled more than -4% in pre-market trading after Evercore ISI added the stock to its Tactical Underperform List.
Unity Software (U) dropped more than -3% in pre-market trading after Piper Sandler downgraded the stock to neutral from overweight.
Diamondback Energy (FANG) and EOG Resources (EOG) are down more than -1% in pre-market trading after Citigroup downgraded the stocks to neutral from buy.
Salesforce (CRM) slid more than -1% in pre-market trading after Piper Sandler downgraded the stock to neutral from overweight.
Viatris Inc (VTRS) dropped more than -2% in pre-market trading after Bank of America Global Research downgraded the stock to underperform from neutral.
Stocks exposed to cryptocurrencies are climbing in pre-market trading as Bitcoin jumped more than +3% to a 3-1/4 month high. As a result, Riot Platforms (RIOT), Hut 8 Mining (HUT), Marathon Digital (MARA), MicroStrategy (MSTR), and Coinbase Global (COIN) are up more than +2%.
Hess Corp (HES) is up more than +1% in pre-market trading after Chevron agreed to buy the company for $53 billion.
Pinterest (PINS) climbed more than +2% in pre-market trading after Stifel upgraded the stock to buy from neutral with a price target of $32.
Textainer Group (TGH) surged more than +40% in pre-market trading after Stonepeak agreed to acquire the company for about $7.4 billion.
Walgreens Boots Alliance (WBA) rose more than +3% in pre-market trading after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $30.
DigitalOcean Holdings (DOCN) gained more than +1% in pre-market trading after Piper Sandler upgraded the stock to neutral from underweight.
Church & Dwight (CHD) rose nearly +1% in pre-market trading after Raymond James upgraded the stock to market perform from underperform.
Earnings Reports (10/23/2023)
Alexandria Real Estate Equities (ARE), Brown & Brown Inc (BRO), Cadence Design Systems Inc (CDNS), Cleveland-Cliffs Inc (CLF), Crane Co (CR), Crown Holdings Inc (CCK), Hexcel Corp (HXL), Medpace Holdings Inc (MEDP), Packaging Corp of America (PKG), RLI Corp (RLI), W R Berkley Corp (WRB).
More Stock Market News from Barchart
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Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data and Big Tech Earnings
Markets Are Falling, Don’t Panic
Earnings, Geopolitics and Other Key Items to Watch This Week
On the date of publication, Rich Asplund 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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Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA) are down -1% or more. Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield rose above 5% for the first time since 2007, sparking concern that higher borrowing costs will curb economic growth. Meanwhile, Chinese property stocks remain under pressure on liquidity concerns after Country Garden Holdings defaulted on a dollar-bond interest payment due last week.
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Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA) are down -1% or more. Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield rose above 5% for the first time since 2007, sparking concern that higher borrowing costs will curb economic growth. The 10-year T-note yield rose above 5% for the first time in 16 years, which helped push the 10-year UK gilt yield to a 2-month high and the 10-year German bund yield to a 2-1/2 week high.
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Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA) are down -1% or more. Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield rose above 5% for the first time since 2007, sparking concern that higher borrowing costs will curb economic growth. Pre-Market U.S. Stock Movers Megacap technology stocks are falling in pre-market trading as the 10-year T-note yield rose above 5% for the first time in 16 years.
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Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA) are down -1% or more. Stock index futures this morning are following other global equity markets lower after the 10-year T-note yield rose above 5% for the first time since 2007, sparking concern that higher borrowing costs will curb economic growth. M&A activity lifted stock index futures from their lows after Chevron agreed to acquire Hess Corp for about $53 billion.
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12987.0
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2023-10-23 00:00:00 UTC
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META Earnings Preview: Here’s What to Expect from Q3 Results
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AAPL
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https://www.nasdaq.com/articles/meta-earnings-preview%3A-heres-what-to-expect-from-q3-results
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Social media giant Meta Platforms (NASDAQ:META) is scheduled to announce its third-quarter results after the stock market closes on Wednesday, October 25. META stock has rallied over 156% year-to-date, as the company impressed investors with an impressive rebound in its performance in the first half of 2023. Several analysts expect a solid growth in Meta’s earnings, backed by recovery in digital ad spending and the company’s cost control measures.
Q3 Expectations for Meta Indicate Strong Growth
After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s (NASDAQ:AAPL) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. In particular, Q2 2023 revenue grew 11% to about $32 billion. Further, the company’s focus on cost-cutting and streamlining drove a 21% rise in earnings per share (EPS) to $2.98.
Back in July, Meta guided for third-quarter revenue in the range of $32 billion to $34.5 billion, which reflects year-over-year growth of at least 15%.
Analysts expect the company’s revenue to increase by over 21% to nearly $33.6 billion. Additionally, they project a massive jump in Q3 EPS to $3.64 from $1.64 in the prior-year quarter, fueled by strong revenue growth and margin expansion.
Analysts’ Comments Ahead of Meta’s Q3 Earnings
On October 20, Bank of America analyst Justin Post reiterated a Buy rating on META stock with a price target of $375. Commenting on the upcoming results, the analyst said that he expects the company to continue to benefit from solid revenue trends, with checks by his firm indicating recovery in the digital ad market, increasing Reels monetization, and favorable AI-driven ad growth.
In particular, Post expects Q3 revenue of $33.5 billion and EPS of $3.79. He also expects the company to deliver a slight beat for the Daily Active Users (DAUs) metric.
The analyst expects a higher-than-anticipated Q4 2023 revenue growth outlook to be a key driver for Meta shares. He projects robust Q4 guidance compared to the sector, driven by favorable revenue trends, including AI-driven benefits for engagement.
Like Post, Citigroup analyst Ronald Josey also reaffirmed a Buy rating on Meta Platforms last week, with a price target of $385, saying that the stock continues to be his Top Pick. The analyst expects better-than-consensus results, supported by the company’s revitalized product roadmap and a strengthening digital ad market heading into the holiday season.
Josey also highlighted greater visibility into next year’s ad budgets based on his firm’s checks. He believes that Instagram engagement growth is accelerating due to Reels usage and investments in its AI content discovery engine.
On Sunday, Evercore analyst Mark Mahaney said that he sees the possibility of a modest upside to Q3 revenue estimates. His channel checks on the overall ad backdrop indicated stable to slightly accelerating spending trends, with advertisers having a consistently bullish sentiment on Meta’s momentum.
Is Meta a Buy, Sell, or Hold?
With 41 Buys and two Holds, Meta stock scores a Strong Buy consensus rating. Despite a stellar year-to-date rally, Wall Street expects Meta stock to rise further. The average price target of $376.42 implies about 22% upside potential.
Insights from Options Trading Activity
TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are pricing in a +/- 9.20% move on Meta’s earnings. META shares have averaged a negligible (0.11)% move in the last eight quarters. The stock rose 4.4% in reaction to Q2 2023 results.
The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement.
Learn more about TipRanks’ Options tool here.
Conclusion
Analysts are optimistic about Meta’s upcoming Q3 2023 results due to improving digital ad trends, growth in Reels, and the company’s cost-cutting efforts. Wall Street expects an upbeat outlook to drive further upside in META stock.
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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Q3 Expectations for Meta Indicate Strong Growth After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s (NASDAQ:AAPL) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. Like Post, Citigroup analyst Ronald Josey also reaffirmed a Buy rating on Meta Platforms last week, with a price target of $385, saying that the stock continues to be his Top Pick. The analyst expects better-than-consensus results, supported by the company’s revitalized product roadmap and a strengthening digital ad market heading into the holiday season.
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Q3 Expectations for Meta Indicate Strong Growth After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s (NASDAQ:AAPL) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. Several analysts expect a solid growth in Meta’s earnings, backed by recovery in digital ad spending and the company’s cost control measures. Analysts’ Comments Ahead of Meta’s Q3 Earnings On October 20, Bank of America analyst Justin Post reiterated a Buy rating on META stock with a price target of $375.
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Q3 Expectations for Meta Indicate Strong Growth After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s (NASDAQ:AAPL) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. Analysts’ Comments Ahead of Meta’s Q3 Earnings On October 20, Bank of America analyst Justin Post reiterated a Buy rating on META stock with a price target of $375. Commenting on the upcoming results, the analyst said that he expects the company to continue to benefit from solid revenue trends, with checks by his firm indicating recovery in the digital ad market, increasing Reels monetization, and favorable AI-driven ad growth.
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Q3 Expectations for Meta Indicate Strong Growth After suffering from weak digital ad spending due to macro pressures and the adverse impact of Apple’s (NASDAQ:AAPL) iOS privacy policy changes, Meta’s top-line rebounded well in the first half of 2023. Analysts’ Comments Ahead of Meta’s Q3 Earnings On October 20, Bank of America analyst Justin Post reiterated a Buy rating on META stock with a price target of $375. Commenting on the upcoming results, the analyst said that he expects the company to continue to benefit from solid revenue trends, with checks by his firm indicating recovery in the digital ad market, increasing Reels monetization, and favorable AI-driven ad growth.
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12988.0
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2023-10-23 00:00:00 UTC
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The Zacks Analyst Blog Highlights Apple, Amgen, Becton, Dickinson, UnitedHealth and Verisk
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AAPL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-apple-amgen-becton-dickinson-unitedhealth-and-verisk
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For Immediate Release
Chicago, IL – October 23, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. AAPL, Amgen Inc. AMGN, Becton, Dickinson and Co. BDX, UnitedHealth Group UNH and Verisk Analytics VRSK.
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Apple, Amgen and Becton, Dickinson
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Apple, Amgen Inc. and Becton, Dickinson and Co. 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 >>>
Apple shares have outperformed the broader market this year (+34% vs. +12.8% for the S&P 500 index) and roughly matched the Zacks Tech sector (+34% vs. +34.8%). The company expects iPhone and Services’ year-over-year growth to accelerate in the fiscal fourth quarter compared with the June quarter.
Apple launched four new iPhone models at its product launch event on Sep 12. Demand for the high-end iPhone 15 Pro Max is strong as shipment delivery has reportedly slipped to mid-November. It also upgraded Airpods and made iOS 17, watchOS 10, iPadOS 17 and tvOS 17 available.
Apple is benefiting from increasing customer engagement in the services segment. The expanding content portfolio of Apple TV+ and robust adoption of Apple Pay and Apple Arcade are helping drive subscriber growth.
However, revenues for both Mac and iPad are expected to decline double digits on a year-over-year basis in the fiscal fourth quarter due to difficult comparisons.
(You can read the full research report on Apple here >>>)
Shares of Amgen have outperformed the Zacks Medical - Biomedical and Genetics industry over the year-to-date period (+9.7% vs. -20.4%). The company expects strong sales growth of products like Tezspire, Evenity, Repatha, Prolia and Tavneos to be offset by lower revenues from oncology biosimilars and legacy established products such as Enbrel in the future quarters.
The recently completed acquisition of Horizon Therapeutics is expected to enhance Amgen’s growth prospects. Amgen also has some key pipeline assets in obesity and inflammation, which are indications that can have a large market opportunity. Several data readouts are expected in the next 12 months.
However, increased pricing headwinds and competitive pressure are hurting sales of many of Amgen’s products, including some biosimilars. Weakness in some key brands like Otezla and Lumakras create potential revenue headwinds. Estimate movements have been mixed ahead of Q3 results.
(You can read the full research report on Amgen here >>>)
Shares of Becton, Dickinson have gained +2.4% over the year-to-date period against the Zacks Medical - Dental Supplies industry’s gain of +12.2%. The company continued focus on research and development (R&D) and its progress toward meeting its BD 2025 strategy raises optimism.
The company’s divestiture of its surgical instruments platform to support the achievement of its BD 2025 financial goals and further advance the BD Interventional segment’s focus on high-growth end markets looks promising.
Regulatory approvals and product launches over the past few months are also encouraging. Yet, BD’s operation in a significantly consolidated and competitive medical technology industry is worrying. Lower COVID-only testing revenues are discouraging from a business perspective. Forex volatility prevails.
(You can read the full research report on Becton, Dickinson here >>>)
Other noteworthy reports we are featuring today include UnitedHealth Group and Verisk Analytics.
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Media Contact
Zacks Investment Research
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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.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right 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
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Amgen Inc. (AMGN) : Free Stock Analysis Report
Becton, Dickinson and Company (BDX) : Free Stock Analysis Report
Verisk Analytics, Inc. (VRSK) : 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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Stocks recently featured in the blog include: Apple Inc. AAPL, Amgen Inc. AMGN, Becton, Dickinson and Co. BDX, UnitedHealth Group UNH and Verisk Analytics VRSK. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. However, revenues for both Mac and iPad are expected to decline double digits on a year-over-year basis in the fiscal fourth quarter due to difficult comparisons.
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Stocks recently featured in the blog include: Apple Inc. AAPL, Amgen Inc. AMGN, Becton, Dickinson and Co. BDX, UnitedHealth Group UNH and Verisk Analytics VRSK. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Apple, Amgen and Becton, Dickinson The Zacks Research Daily presents the best research output of our analyst team.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Apple Inc. AAPL, Amgen Inc. AMGN, Becton, Dickinson and Co. BDX, UnitedHealth Group UNH and Verisk Analytics VRSK. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Apple, Amgen and Becton, Dickinson The Zacks Research Daily presents the best research output of our analyst team.
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Stocks recently featured in the blog include: Apple Inc. AAPL, Amgen Inc. AMGN, Becton, Dickinson and Co. BDX, UnitedHealth Group UNH and Verisk Analytics VRSK. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Amgen Inc. (AMGN) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. Today's Research Daily features new research reports on 12 major stocks, including Apple, Amgen Inc. and Becton, Dickinson and Co.
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12989.0
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2023-10-23 00:00:00 UTC
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EXCLUSIVE-Nvidia to make Arm-based PC chips in major new challenge to Intel
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AAPL
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https://www.nasdaq.com/articles/exclusive-nvidia-to-make-arm-based-pc-chips-in-major-new-challenge-to-intel
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nan
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By Stephen Nellis and Max A. Cherney
Oct 23 (Reuters) - Nvidia NVDA.O dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.
Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters.
The AI chip giant's new pursuit is part of Microsoft's effort to help chip companies build Arm-based processors for Windows PCs. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
Advanced Micro Devices AMD.O also plans to make chips for PCs with Arm technology, according to two people familiar with the matter.
Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said. Nvidia and AMD would join Qualcomm QCOM.O, which has been making Arm-based chips for laptops since 2016. At an event on Tuesday that will be attended by Microsoft executives, including vice president of Windows and Devices Pavan Davuluri, Qualcomm plans to reveal more details about a flagship chip that a team of ex-Apple engineers designed, according to a person familiar with the matter.
Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment.
Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Apple’s custom chips have given Mac computers better battery life and speedy performance that rivals chips that use more energy. Executives at Microsoft have observed how efficient Apple’s Arm-based chips are, including with AI processing, and desire to attain similar performance, one of the sources said.
In 2016, Microsoft tapped Qualcomm to spearhead the effort for moving the Windows operating system to Arm’s underlying processor architecture, which has long powered smartphones and their small batteries. Microsoft granted Qualcomm an exclusivity arrangement to develop Windows-compatible chips until 2024, according to two sources familiar with the matter.
Microsoft has encouraged others to enter the market once that exclusivity deal expires, the two sources told Reuters.
“Microsoft learned from the 90s that they don’t want to be dependent on Intel again, they don’t want to be dependent on a single vendor,” said Jay Goldberg, chief executive of D2D Advisory, a finance and strategy consulting firm. “If Arm really took off in PC (chips), they were never going to let Qualcomm be the sole supplier.”
Microsoft has been encouraging the involved chipmakers to build advanced AI features into the CPUs they are designing. The company envisions AI-enhanced software such as its Copilot to become an increasingly important part of using Windows. To make that a reality, forthcoming chips from Nvidia, AMD and others will need to devote the on-chip resources to do so.
There is no guarantee of success if Microsoft and the chip firms proceed with the plans. Software developers have spent decades and billions of dollars writing code for Windows that runs on what is known as the x86 computing architecture, which is owned by Intel but also licensed to AMD. Computer code built for x86 chips will not automatically run on Arm-based designs, and the transition could pose challenges.
Intel has also been packing AI features into its chips and recently showed a laptop running features similar to ChatGPT directly on the device.
Intel spokesperson Will Moss did not immediately respond to a request for comment. AMD's entry into the Arm-based PC market was earlier reported by chip-focused publication SemiAccurate.
(Reporting by Stephen Nellis and Max A. Cherney in San Francisco; editing by Kenneth Li and Josie Kao)
((Stephen.Nellis@thomsonreuters.com; max.cherney@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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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. By Stephen Nellis and Max A. Cherney Oct 23 (Reuters) - Nvidia NVDA.O dominates the market for artificial intelligence computing chips. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. The AI chip giant's new pursuit is part of Microsoft's effort to help chip companies build Arm-based processors for Windows PCs. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Advanced Micro Devices AMD.O also plans to make chips for PCs with Arm technology, according to two people familiar with the matter. Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said.
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12990.0
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2023-10-23 00:00:00 UTC
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After Hours Most Active for Oct 23, 2023 : ROIV, AAPL, IRT, BABA, ENB, ET, CRH, CSCO, GOOGL, AMZN, NU, PDD
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-oct-23-2023-%3A-roiv-aapl-irt-baba-enb-et-crh-csco-googl-amzn-nu
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The NASDAQ 100 After Hours Indicator is up 26.58 to 14,631.43. The total After hours volume is currently 111,236,825 shares traded.
The following are the most active stocks for the after hours session:
Roivant Sciences Ltd. (ROIV) is +0.085 at $8.68, with 4,118,052 shares traded. As reported by Zacks, the current mean recommendation for ROIV is in the "buy range".
Apple Inc. (AAPL) is -0.04 at $172.96, with 3,220,066 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Independence Realty Trust, Inc. (IRT) is unchanged at $13.03, with 2,907,055 shares traded.IRT is scheduled to provide an earnings report on 10/30/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.29 per share, which represents a 28 percent increase over the EPS one Year Ago
Alibaba Group Holding Limited (BABA) is +0.17 at $80.68, with 2,892,074 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range".
Enbridge Inc (ENB) is unchanged at $32.12, with 2,886,741 shares traded. ENB's current last sale is 78.27% of the target price of $41.04.
Energy Transfer L.P. (ET) is +0.01 at $13.79, with 2,724,646 shares traded. As reported by Zacks, the current mean recommendation for ET is in the "buy range".
CRH PLC (CRH) is unchanged at $54.81, with 2,501,862 shares traded. As reported by Zacks, the current mean recommendation for CRH is in the "buy range".
Cisco Systems, Inc. (CSCO) is unchanged at $52.20, with 2,386,157 shares traded. CSCO's current last sale is 89.23% of the target price of $58.5.
Alphabet Inc. (GOOGL) is +0.63 at $137.13, with 2,326,825 shares traded.GOOGL is scheduled to provide an earnings report on 10/24/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 1.45 per share, which represents a 106 percent increase over the EPS one Year Ago
Amazon.com, Inc. (AMZN) is +0.26 at $126.82, with 2,279,244 shares traded.AMZN is scheduled to provide an earnings report on 10/26/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.58 per share, which represents a 20 percent increase over the EPS one Year Ago
Nu Holdings Ltd. (NU) is unchanged at $8.16, with 2,152,418 shares traded. As reported by Zacks, the current mean recommendation for NU is in the "buy range".
PDD Holdings Inc. (PDD) is unchanged at $104.19, with 2,060,760 shares traded. As reported by Zacks, the current mean recommendation for PDD is in the "buy range".
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 -0.04 at $172.96, with 3,220,066 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Independence Realty Trust, Inc. (IRT) is unchanged at $13.03, with 2,907,055 shares traded.IRT is scheduled to provide an earnings report on 10/30/2023, for the fiscal quarter ending Sep2023.
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Apple Inc. (AAPL) is -0.04 at $172.96, with 3,220,066 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 0.29 per share, which represents a 28 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is -0.04 at $172.96, with 3,220,066 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 0.29 per share, which represents a 28 percent increase over the EPS one Year Ago
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As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Apple Inc. (AAPL) is -0.04 at $172.96, with 3,220,066 shares traded. The NASDAQ 100 After Hours Indicator is up 26.58 to 14,631.43.
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12991.0
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2023-10-23 00:00:00 UTC
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TQQQ, FLOW: Big ETF Inflows
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AAPL
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https://www.nasdaq.com/articles/tqqq-flow%3A-big-etf-inflows
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 7,800,000 units, or a 1.7% increase week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is down about 0.7%, and Microsoft is higher by about 0.3%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the FLOW ETF, which added 40,000 units, for a 40.0% increase in outstanding units.
VIDEO: TQQQ, FLOW: Big ETF Inflows
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 down about 0.7%, and Microsoft is higher by about 0.3%. And on a percentage change basis, the ETF with the biggest increase in inflows was the FLOW ETF, which added 40,000 units, for a 40.0% increase in outstanding units. VIDEO: TQQQ, FLOW: Big ETF Inflows 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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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 7,800,000 units, or a 1.7% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FLOW ETF, which added 40,000 units, for a 40.0% increase in outstanding units. VIDEO: TQQQ, FLOW: Big ETF Inflows 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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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 7,800,000 units, or a 1.7% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FLOW ETF, which added 40,000 units, for a 40.0% increase in outstanding units. VIDEO: TQQQ, FLOW: Big ETF Inflows 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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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 7,800,000 units, or a 1.7% increase week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is down about 0.7%, and Microsoft is higher by about 0.3%. And on a percentage change basis, the ETF with the biggest increase in inflows was the FLOW ETF, which added 40,000 units, for a 40.0% increase in outstanding units.
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12992.0
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2023-10-23 00:00:00 UTC
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US STOCKS-Futures slide as 10-yr Treasury yield hits 5%; Big Tech earnings in focus
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-slide-as-10-yr-treasury-yield-hits-5-big-tech-earnings-in-focus
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nan
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nan
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By Shubham Batra and Shashwat Chauhan
Oct 23 (Reuters) - Futures tracking Wall Street's main stock indexes slumped on Monday as yields on the benchmark U.S. 10-year Treasury note hit a crucially watched 5% mark, sparking a selloff in megacap stocks.
The yield on the note US10YT=RR touched the July 2007 milestone that it briefly attempted to scale last week. It was last at 5.0144%.
"When investors can earn a 5% annual return on safe assets such as government bonds, they are less likely to take chances on riskier plays," Marios Hadjikyriacos, senior investment analyst at forex broker XM, said in a note.
"Beyond providing an attractive alternative to equities, higher bond yields also make it more costly for businesses to take on debt, limiting the scope for expansion and ultimately earnings growth."
Megacaps including Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Nvidia NVDA.O, Meta Platforms META.O and Amazon.com AMZN.O slid between 0.6% and 1.5% in premarket trading.
Focus will also remain on a busy week of earnings, with four of the 'Magnificent Seven' stocks reporting later this week whose gains have powered the S&P 500 higher in 2023 while the rest of the indexes lagged.
Chipmaker Intel INTC.O, oil major Exxon Mobil XOM.N, General Motors GM.N are some of the other companies reporting quarterly results this week.
Of the 86 companies in the S&P 500 that have reported earnings so far in the third quarter, 78% have been above analyst estimates, according to the LSEG data. Overall, third-quarter earnings are likely to grow 1% year-on-year.
Meanwhile, Israel bombarded Gaza with air strikes overnight, with Prime Minister Benjamin Netanyahu convening a meeting of his top generals and his war cabinet to assess the escalating conflict.
These rising tensions, along with surging bond yields on higher rates expectations, pulled Wall Street lower last week, with the S&P 500 .SPX falling 1.26% and the Cboe Volatility index .VIX closing at its highest since March 24.
The benchmark stock index is down 8% from late July, when it hit its highest for the year, though still up 10% year-to-date.
U.S. GDP print will be closely monitored by investors in the week amid expectations that the economy grew at a robust 4.2% in the third quarter, which might warrant tighter monetary policy.
Federal Reserve Chair Jerome Powell will be giving brief introductory remarks at an event on Wednesday but it is unlikely he would speak on monetary policy since the blackout period for the Federal Open Market Committee (FOMC) kicked in on Saturday.
The week will end with the release of the personal consumption expenditure (PCE) price index - the Fed's preferred inflation gauge - for September.
At 6:00 a.m. ET, Dow e-minis 1YMcv1 were down 224 points, or 0.67%, S&P 500 e-minis EScv1 were down 31.5 points, or 0.74%, and Nasdaq 100 e-minis NQcv1 were down 129.75 points, or 0.88%.
Salesforce CRM.N dipped 2.3% as Piper Sandler cut its rating on the stock to "neutral" from "overweight", while pharmacy chain operator Walgreens Boots Alliance WBA.O added 3.1% after J.P. Morgan upgraded the stock to "overweight".
ChevronCVX.N fell 2.9% after the energy major said it will buy smaller rival Hess Corp HES.N in a $53 billion all-stock deal. The latter was up 2.3%.
(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Nivedita Bhattacharjee and Maju Samuel)
((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@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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Megacaps including Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Nvidia NVDA.O, Meta Platforms META.O and Amazon.com AMZN.O slid between 0.6% and 1.5% in premarket trading. "When investors can earn a 5% annual return on safe assets such as government bonds, they are less likely to take chances on riskier plays," Marios Hadjikyriacos, senior investment analyst at forex broker XM, said in a note. Meanwhile, Israel bombarded Gaza with air strikes overnight, with Prime Minister Benjamin Netanyahu convening a meeting of his top generals and his war cabinet to assess the escalating conflict.
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Megacaps including Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Nvidia NVDA.O, Meta Platforms META.O and Amazon.com AMZN.O slid between 0.6% and 1.5% in premarket trading. By Shubham Batra and Shashwat Chauhan Oct 23 (Reuters) - Futures tracking Wall Street's main stock indexes slumped on Monday as yields on the benchmark U.S. 10-year Treasury note hit a crucially watched 5% mark, sparking a selloff in megacap stocks. These rising tensions, along with surging bond yields on higher rates expectations, pulled Wall Street lower last week, with the S&P 500 .SPX falling 1.26% and the Cboe Volatility index .VIX closing at its highest since March 24.
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Megacaps including Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Nvidia NVDA.O, Meta Platforms META.O and Amazon.com AMZN.O slid between 0.6% and 1.5% in premarket trading. By Shubham Batra and Shashwat Chauhan Oct 23 (Reuters) - Futures tracking Wall Street's main stock indexes slumped on Monday as yields on the benchmark U.S. 10-year Treasury note hit a crucially watched 5% mark, sparking a selloff in megacap stocks. Focus will also remain on a busy week of earnings, with four of the 'Magnificent Seven' stocks reporting later this week whose gains have powered the S&P 500 higher in 2023 while the rest of the indexes lagged.
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Megacaps including Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Nvidia NVDA.O, Meta Platforms META.O and Amazon.com AMZN.O slid between 0.6% and 1.5% in premarket trading. By Shubham Batra and Shashwat Chauhan Oct 23 (Reuters) - Futures tracking Wall Street's main stock indexes slumped on Monday as yields on the benchmark U.S. 10-year Treasury note hit a crucially watched 5% mark, sparking a selloff in megacap stocks. Focus will also remain on a busy week of earnings, with four of the 'Magnificent Seven' stocks reporting later this week whose gains have powered the S&P 500 higher in 2023 while the rest of the indexes lagged.
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12993.0
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2023-10-23 00:00:00 UTC
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Chinese retailers offer deep iPhone 15 discounts
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AAPL
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https://www.nasdaq.com/articles/chinese-retailers-offer-deep-iphone-15-discounts
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nan
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nan
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By Sophie Yu and Brenda Goh
BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering deep discounts on Apple's AAPL.O latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price.
Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch.
Apple, Pinduoduo and Alibaba did not immediately respond to requests for comment.
In China, Apple will occasionally allow partner vendors to offer discounts to spur demand. But Chinese e-commerce platforms have also been locked in a "value for money" battle as consumers tighten their belts amid a slowing economy, with discounting a key focus of forthcoming annual Singles Day shopping festival.
Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters.
The 512 GB iPhone 15 Pro Max, which has a 11,999 yuan price tag in Apple's store, can be bought for 10,698 yuan on Alibaba's e-commerce platform Taobao.
The e-commerce platform iPhone 15 discounts were first reported by The Economic Observer weekly newspaper on Monday.
($1 = 7.3171 Chinese yuan renminbi)
(Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith)
((Sophie.Yu@thomsonreuters.com; 861056692136;))
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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering deep discounts on Apple's AAPL.O latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price. But Chinese e-commerce platforms have also been locked in a "value for money" battle as consumers tighten their belts amid a slowing economy, with discounting a key focus of forthcoming annual Singles Day shopping festival. ($1 = 7.3171 Chinese yuan renminbi) (Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith) ((Sophie.Yu@thomsonreuters.com; 861056692136;)) 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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering deep discounts on Apple's AAPL.O latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price. Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters. ($1 = 7.3171 Chinese yuan renminbi) (Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith) ((Sophie.Yu@thomsonreuters.com; 861056692136;)) 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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering deep discounts on Apple's AAPL.O latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price. Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters. The 512 GB iPhone 15 Pro Max, which has a 11,999 yuan price tag in Apple's store, can be bought for 10,698 yuan on Alibaba's e-commerce platform Taobao.
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By Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering deep discounts on Apple's AAPL.O latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price. Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch.
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12994.0
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2023-10-23 00:00:00 UTC
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Garmin (GRMN) Bolsters Smartwatch Offerings With ECG App
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AAPL
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https://www.nasdaq.com/articles/garmin-grmn-bolsters-smartwatch-offerings-with-ecg-app
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nan
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nan
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Garmin GRMN added an ECG App to its AMOLED edition smartwatch offerings, namely the epix Pro series, fenix 7 Pro series, Venu 3 series and tactix 7 smartwatches.
Notably, the FDA-cleared ECG app enables users to record heart rhythms and check for atrial fibrillation from their smartwatch directly or through Garmin’s smartphone app, Garmin Connect.
Further, the app uses smartwatch sensors to record heartbeat signals, detect AFib signs and sync results to Garmin Connect for easy viewing and reporting to healthcare providers.
Garmin is expected to gain solid traction among cardiovascular patients and fitness enthusiasts on the back of its latest move.
Strength in Smartwatch Offerings
The latest move is in sync with Garmin’s growing efforts to bolster its smartwatch offerings.
Recently, it launched the MARQ Carbon collection, featuring three luxury tool watches made from 130 layers of Fused Carbon Fiber, featuring an AMOLED touchscreen display, domed sapphire lens, and up to 16 days of battery life.
Further, Garmin introduced its latest health and fitness smartwatch, vívoactive 5, featuring an AMOLED touchscreen display. The affordable device offers health monitoring features, personalized coaching and up to 11 days of battery life, allowing users to stay active and support their fitness goals.
Additionally, the company unveiled Venu 3 and Venu 3S GPS smartwatches, featuring AMOLED displays, fitness insights and battery life, with wheelchair users also benefiting from push tracking and workout tracking.
We believe that all the above-mentioned endeavors will solidify Garmin’s presence in the global smartwatch market.
Per a Fortune Business Insights report, the global smartwatch market is expected to be valued at $77.22 billion by 2030, indicating a CAGR of 14.8% between 2023 and 2030.
Strong prospects in the promising smartwatch market will likely aid Garmin’s overall financial performance in the upcoming period.
Stiff Competition
All the above-mentioned efforts are likely to provide Garmin with a competitive edge over its biggest competitors in the global smartwatch market, namely Alphabet GOOGL, Apple AAPL and Koninklijke Philips PHG, which are also making concerted efforts to capitalize on growth opportunities present in the smartwatch industry.
Recently, Alphabet’s Google introduced Pixel Watch 2, an upgraded smartwatch with a digital crown and AI-powered health tracking features, starting at $349.
Notably, the Pixel Watch 2 boasts a multi-path heart rate sensor, enhancing signal quality and providing accurate all-day heart rate tracking. The sensor also powers other fitness features like sleep tracking, high and low heart rate notifications and Daily Readiness Scores.
Meanwhile, Apple launched the Apple Watch Ultra 2, featuring new features such as the S9 SiP, double tap gesture, bright display, expanded altitude range, Siri, Precision Finding, a 36-hour battery life and up to 72 hours in Low Power Mode.
Further, the watch has advanced workout functionalities and is suitable for water adventures. Moreover, its optical heart sensors enable high and low heart rate notifications.
Philips, on the other hand, is riding on the success of its Health Watch.
Notably, the Health Watch allows users to track their health metrics, including heart rate, activity and sleep, with guidance provided by the Philips HealthSuite health app, helping them live healthier lives.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Garmin Ltd. (GRMN) : Free Stock Analysis Report
Koninklijke Philips N.V. (PHG) : 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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Stiff Competition All the above-mentioned efforts are likely to provide Garmin with a competitive edge over its biggest competitors in the global smartwatch market, namely Alphabet GOOGL, Apple AAPL and Koninklijke Philips PHG, which are also making concerted efforts to capitalize on growth opportunities present in the smartwatch industry. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Garmin Ltd. (GRMN) : Free Stock Analysis Report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Further, the app uses smartwatch sensors to record heartbeat signals, detect AFib signs and sync results to Garmin Connect for easy viewing and reporting to healthcare providers.
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Stiff Competition All the above-mentioned efforts are likely to provide Garmin with a competitive edge over its biggest competitors in the global smartwatch market, namely Alphabet GOOGL, Apple AAPL and Koninklijke Philips PHG, which are also making concerted efforts to capitalize on growth opportunities present in the smartwatch industry. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Garmin Ltd. (GRMN) : Free Stock Analysis Report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the Health Watch allows users to track their health metrics, including heart rate, activity and sleep, with guidance provided by the Philips HealthSuite health app, helping them live healthier lives.
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Stiff Competition All the above-mentioned efforts are likely to provide Garmin with a competitive edge over its biggest competitors in the global smartwatch market, namely Alphabet GOOGL, Apple AAPL and Koninklijke Philips PHG, which are also making concerted efforts to capitalize on growth opportunities present in the smartwatch industry. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Garmin Ltd. (GRMN) : Free Stock Analysis Report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the Health Watch allows users to track their health metrics, including heart rate, activity and sleep, with guidance provided by the Philips HealthSuite health app, helping them live healthier lives.
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Stiff Competition All the above-mentioned efforts are likely to provide Garmin with a competitive edge over its biggest competitors in the global smartwatch market, namely Alphabet GOOGL, Apple AAPL and Koninklijke Philips PHG, which are also making concerted efforts to capitalize on growth opportunities present in the smartwatch industry. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Garmin Ltd. (GRMN) : Free Stock Analysis Report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Strength in Smartwatch Offerings The latest move is in sync with Garmin’s growing efforts to bolster its smartwatch offerings.
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12995.0
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2023-10-23 00:00:00 UTC
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Is FlexShares Quality Dividend Defensive ETF (QDEF) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-flexshares-quality-dividend-defensive-etf-qdef-a-strong-etf-right-now
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nan
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nan
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The FlexShares Quality Dividend Defensive ETF (QDEF) was launched on 12/14/2012, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
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.
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.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
The fund is managed by Flexshares, and has been able to amass over $317.52 million, which makes it one of the average sized ETFs in the Style Box - All Cap Blend. QDEF seeks to match the performance of the Northern Trust Quality Dividend Defensive Index before fees and expenses.
The Northern Trust Quality Dividend Defensive Index is designed to provide exposure to a high-quality income-oriented portfolio of long-only U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall beta that is generally between 0.5 to 1.0 times that of the Northern Trust 1250 Index that are selected based on expected dividend payment and fundamental factors.
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.
Operating expenses on an annual basis are 0.37% for this ETF, which makes it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 2.31%.
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 24.60% of the portfolio. Healthcare and Financials round out the top three.
Taking into account individual holdings, Apple Inc (AAPL) accounts for about 8.02% of the fund's total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG).
QDEF's top 10 holdings account for about 35.52% of its total assets under management.
Performance and Risk
Year-to-date, the FlexShares Quality Dividend Defensive ETF has gained about 6.17% so far, and it's up approximately 16.32% over the last 12 months (as of 10/23/2023). QDEF has traded between $49 and $57.90 in this past 52-week period.
QDEF has a beta of 0.90 and standard deviation of 14.91% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 131 holdings, it effectively diversifies company-specific risk.
Alternatives
FlexShares Quality Dividend Defensive ETF is an excellent option for investors seeking to outperform the Style Box - All Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index. IShares Core S&P Total U.S. Stock Market ETF has $42.85 billion in assets, Vanguard Total Stock Market ETF has $298.57 billion. ITOT has an expense ratio of 0.03% and VTI charges 0.03%.
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 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.
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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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FlexShares Quality Dividend Defensive ETF (QDEF): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Vanguard Total Stock Market ETF (VTI): ETF Research Reports
iShares Core S&P Total U.S. Stock Market ETF (ITOT): 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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Taking into account individual holdings, Apple Inc (AAPL) accounts for about 8.02% of the fund's total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG). Click to get this free report FlexShares Quality Dividend Defensive ETF (QDEF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. The FlexShares Quality Dividend Defensive ETF (QDEF) was launched on 12/14/2012, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Blend category of the market.
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Taking into account individual holdings, Apple Inc (AAPL) accounts for about 8.02% of the fund's total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG). Click to get this free report FlexShares Quality Dividend Defensive ETF (QDEF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index.
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Click to get this free report FlexShares Quality Dividend Defensive ETF (QDEF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Apple Inc (AAPL) accounts for about 8.02% of the fund's total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG). IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index.
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Taking into account individual holdings, Apple Inc (AAPL) accounts for about 8.02% of the fund's total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG). Click to get this free report FlexShares Quality Dividend Defensive ETF (QDEF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. The FlexShares Quality Dividend Defensive ETF (QDEF) was launched on 12/14/2012, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Blend category of the market.
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12996.0
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2023-10-23 00:00:00 UTC
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EXCLUSIVE-Nvidia to make Arm-based PC chips in major new challenge to Intel
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AAPL
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https://www.nasdaq.com/articles/exclusive-nvidia-to-make-arm-based-pc-chips-in-major-new-challenge-to-intel-0
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nan
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nan
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By Stephen Nellis and Max A. Cherney
Oct 23 (Reuters) - Nvidia NVDA.O dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.
Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters.
The AI chip giant's new pursuit is part of Microsoft's effort to help chip companies build Arm-based processors for Windows PCs. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
Advanced Micro Devices AMD.O also plans to make chips for PCs with Arm technology, according to two people familiar with the matter.
Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said. Nvidia and AMD would join Qualcomm QCOM.O, which has been making Arm-based chips for laptops since 2016. At an event on Tuesday that will be attended by Microsoft executives, including vice president of Windows and Devices Pavan Davuluri, Qualcomm plans to reveal more details about a flagship chip that a team of ex-Apple engineers designed, according to a person familiar with the matter.
Nvidia shares rose 4.4% and Intel shares dropped 2.9% after the Reuters report on Nvidia's plans. Arm's shares were up 3.4%.
Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment.
Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Apple’s custom chips have given Mac computers better battery life and speedy performance that rivals chips that use more energy. Executives at Microsoft have observed how efficient Apple’s Arm-based chips are, including with AI processing, and desire to attain similar performance, one of the sources said.
In 2016, Microsoft tapped Qualcomm to spearhead the effort for moving the Windows operating system to Arm’s underlying processor architecture, which has long powered smartphones and their small batteries. Microsoft granted Qualcomm an exclusivity arrangement to develop Windows-compatible chips until 2024, according to two sources familiar with the matter.
Microsoft has encouraged others to enter the market once that exclusivity deal expires, the two sources told Reuters.
“Microsoft learned from the 90s that they don’t want to be dependent on Intel again, they don’t want to be dependent on a single vendor,” said Jay Goldberg, chief executive of D2D Advisory, a finance and strategy consulting firm. “If Arm really took off in PC (chips), they were never going to let Qualcomm be the sole supplier.”
Microsoft has been encouraging the involved chipmakers to build advanced AI features into the CPUs they are designing. The company envisions AI-enhanced software such as its Copilot to become an increasingly important part of using Windows. To make that a reality, forthcoming chips from Nvidia, AMD and others will need to devote the on-chip resources to do so.
There is no guarantee of success if Microsoft and the chip firms proceed with the plans. Software developers have spent decades and billions of dollars writing code for Windows that runs on what is known as the x86 computing architecture, which is owned by Intel but also licensed to AMD. Computer code built for x86 chips will not automatically run on Arm-based designs, and the transition could pose challenges.
Intel has also been packing AI features into its chips and recently showed a laptop running features similar to ChatGPT directly on the device.
Intel spokesperson Will Moss did not immediately respond to a request for comment. AMD's entry into the Arm-based PC market was earlier reported by chip-focused publication SemiAccurate.
(Reporting by Stephen Nellis and Max A. Cherney in San Francisco; editing by Kenneth Li and Josie Kao)
((Stephen.Nellis@thomsonreuters.com; max.cherney@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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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. By Stephen Nellis and Max A. Cherney Oct 23 (Reuters) - Nvidia NVDA.O dominates the market for artificial intelligence computing chips. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s MSFT.O Windows operating system and use technology from Arm HoldingsO9Ty.F, ARM.O, two people familiar with the matter told Reuters.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. The AI chip giant's new pursuit is part of Microsoft's effort to help chip companies build Arm-based processors for Windows PCs. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC.
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Nvidia, AMD and Qualcomm's efforts could shake up a PC industry that Intel long dominated but which is under increasing pressure from Apple AAPL.O. Microsoft's plans take aim at Apple, which has nearly doubled its market share in the three years since releasing its own Arm-based chips in-house for its Mac computers, according to preliminary third-quarter data from research firm IDC. Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said.
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12997.0
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2023-10-23 00:00:00 UTC
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PREVIEW-Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
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AAPL
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https://www.nasdaq.com/articles/preview-strong-ad-sales-stable-enterprise-spending-wind-beneath-big-tech-earnings
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nan
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nan
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By Yuvraj Malik and Zaheer Kachwala
Oct 23 (Reuters) - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed.
Microsoft MSFT.O, Google-parent Alphabet GOOGL.O, Facebook-parent Meta Platforms META.O and Amazon AMZN.O are expected to have built on the recovery in their enterprise software and digital ads businesses as professional and consumer spending stayed resilient despite an uncertain global economy.
The quartet's shares have rallied -- between Microsoft's 36% and Meta's 157% -- this year, boosting their combined market value to over $6 trillion and lifting the benchmark S&P 500 index .SPX.
"After a year where enterprise spend was held down by concerns about the economy, we're heading into a year where those concerns are slowly subsiding, making for a more stable spending environment in enterprise software and advertising," said Gil Luria, senior software analyst at D.A. Davidson.
While enterprise demand stabilized for legacy products, that has not extended to cloud computing, the mainstay for Microsoft and Amazon. The duo likely just barely budged off their previous quarter's record-low cloud growth rates.
Microsoft, though, is likely to flag some wins from its investment in OpenAI and integrating the technology across its products, analysts said. The company had promised aggressive spending to meet demand for its AI products.
RBC Capital Market estimates Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal.
For others, such AI investments, like buying expensive Nvidia NVDA.O chips, may hurt their bottom lines in the short term.
"It's probably not going to be material to revenue until 2025 because enterprises are still figuring out their generative AI strategy," RBC analyst Rishi Jaluria said.
On Tuesday, Microsoft is likely to report a nearly 9% rise in first-quarter revenue, according to LSEG data, driven by strength in its enterprise productivity software business.
Its costs, however, are estimated to have jumped 8.4%, the most in a year.
On the same day, Alphabet is expected to post a 10% rise in quarterly sales. Revenue from Google Services, which includes YouTube, Search and the sale of apps, is expected to have grown by 8.5%.
Alphabet and Meta are set to benefit from an uptick in digital ad sales ahead of the holiday-shopping season.
Last month, media research and investment firm Magna raised its forecast for U.S. ad spending growth to 5.2%, from 4.2%, for calendar 2023. It expects digital ad sales to rise 9.6% in the period.
Meta is expected to report its quarterly revenue increased by more than a fifth, the most in two years, and lay out its AI plans, after unveiling a series of AI ad tools last month.
But cloud computing growth for all the companies is expected to show little improvement as clients look for ways to optimize their infrastructure costs.
Market leaders Amazon Web Services and Microsoft's Azure likely grew by 12.4% and 26.2%, respectively (Azure estimates from Visible Alpha) in the quarter.
While they will have inched up from their record-low growth rates in the previous quarter, Google will take their place with an estimated 25.7% growth.
Amazon, however, is expected to be shielded by strong retail sales, thanks to a strong labor market. The e-commerce giant is projected to post an 11.3% rise in revenue on Thursday.
Meta reports on Wednesday and Apple will round off Big Tech earnings with results next week, on Nov. 2.
Cloud services providers brace for slower growth https://tmsnrt.rs/3H0o4NJ
(Reporting by Yuvraj Malik and Zaheer Kachwala in Bengaluru; Editing by Sayantani Ghosh and Savio D'Souza)
((yuvraj.malik@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 Yuvraj Malik and Zaheer Kachwala Oct 23 (Reuters) - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. Microsoft MSFT.O, Google-parent Alphabet GOOGL.O, Facebook-parent Meta Platforms META.O and Amazon AMZN.O are expected to have built on the recovery in their enterprise software and digital ads businesses as professional and consumer spending stayed resilient despite an uncertain global economy. On Tuesday, Microsoft is likely to report a nearly 9% rise in first-quarter revenue, according to LSEG data, driven by strength in its enterprise productivity software business.
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By Yuvraj Malik and Zaheer Kachwala Oct 23 (Reuters) - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. The duo likely just barely budged off their previous quarter's record-low cloud growth rates. While they will have inched up from their record-low growth rates in the previous quarter, Google will take their place with an estimated 25.7% growth.
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By Yuvraj Malik and Zaheer Kachwala Oct 23 (Reuters) - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. Microsoft MSFT.O, Google-parent Alphabet GOOGL.O, Facebook-parent Meta Platforms META.O and Amazon AMZN.O are expected to have built on the recovery in their enterprise software and digital ads businesses as professional and consumer spending stayed resilient despite an uncertain global economy. Meta is expected to report its quarterly revenue increased by more than a fifth, the most in two years, and lay out its AI plans, after unveiling a series of AI ad tools last month.
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By Yuvraj Malik and Zaheer Kachwala Oct 23 (Reuters) - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. On the same day, Alphabet is expected to post a 10% rise in quarterly sales. It expects digital ad sales to rise 9.6% in the period.
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12998.0
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2023-10-23 00:00:00 UTC
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Chinese retailers offer deep iPhone 15 discounts
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AAPL
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https://www.nasdaq.com/articles/chinese-retailers-offer-deep-iphone-15-discounts-0
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nan
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nan
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By Sophie Yu and Brenda Goh
BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including JD.com 9618.HK, PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering big discounts on Apple's AAPL.O latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price.
Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% compared with the iPhone 14, in the first 17 days after its market launch.
In China, Apple occasionally allows partner vendors to offer discounts to spur demand. But Chinese e-commerce platforms have also been locked in a "value for money" battle as consumers tighten their belts in a slowing economy, with discounting a key focus of an upcoming annual Singles Day shopping festival.
JD.com is selling the 512 GB iPhone 15 for 7,498 yuan, 1,501 yuan lower than Apple's official price of 8,999 yuan. Asked about the discount, the company said it was in line with a strategy it launched this year of offering low prices.
Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters.
The 512 GB iPhone 15 Pro Max, which has a 11,999 yuan price tag in Apple's store, can be bought for 10,698 yuan on Alibaba's e-commerce platform Taobao.
Apple, Pinduoduo and Alibaba did not immediately respond to requests for comment.
The e-commerce platforms' iPhone 15 discounts were first reported by the Economic Observer weekly newspaper on Monday.
($1 = 7.3170 Chinese yuan renminbi)
(Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith)
((Sophie.Yu@thomsonreuters.com; 861056692136;))
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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including JD.com 9618.HK, PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering big discounts on Apple's AAPL.O latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price. But Chinese e-commerce platforms have also been locked in a "value for money" battle as consumers tighten their belts in a slowing economy, with discounting a key focus of an upcoming annual Singles Day shopping festival. ($1 = 7.3170 Chinese yuan renminbi) (Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith) ((Sophie.Yu@thomsonreuters.com; 861056692136;)) 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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including JD.com 9618.HK, PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering big discounts on Apple's AAPL.O latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price. Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters. ($1 = 7.3170 Chinese yuan renminbi) (Reporting by Sophie Yu and Brenda Goh; Additional reporting by Shanghai Newsroom; Editing by Alexander Smith) ((Sophie.Yu@thomsonreuters.com; 861056692136;)) 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 Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including JD.com 9618.HK, PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering big discounts on Apple's AAPL.O latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price. JD.com is selling the 512 GB iPhone 15 for 7,498 yuan, 1,501 yuan lower than Apple's official price of 8,999 yuan. Pinduoduo is offering the 128 GB version of the iPhone 15 Plus at 6,098 yuan, 900 yuan less than Apple's retail price of 6,999 yuan, according to checks made by Reuters.
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By Sophie Yu and Brenda Goh BEIJING, Oct 23 (Reuters) - Chinese e-commerce platforms including JD.com 9618.HK, PDD Holdings' PDD.O Pinduoduo and Alibaba's 9988.HK Taobao are offering big discounts on Apple's AAPL.O latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% compared with the iPhone 14, in the first 17 days after its market launch. JD.com is selling the 512 GB iPhone 15 for 7,498 yuan, 1,501 yuan lower than Apple's official price of 8,999 yuan.
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12999.0
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2023-10-23 00:00:00 UTC
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Is Vanguard Dividend Appreciation ETF (VIG) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-vanguard-dividend-appreciation-etf-vig-a-strong-etf-right-now-8
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nan
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nan
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The Vanguard Dividend Appreciation ETF (VIG) made its debut on 04/21/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Blend 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.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well 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.
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.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
The fund is managed by Vanguard, and has been able to amass over $65.35 billion, which makes it one of the largest ETFs in the Style Box - Large Cap Blend. Before fees and expenses, VIG seeks to match the performance of the NASDAQ US Dividend Achievers Select Index.
The S&P U.S. Dividend Growers Index consists of common stocks of companies that have a record of increasing dividends over time.
Cost & Other Expenses
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 cousins, other things remaining the same.
Annual operating expenses for VIG are 0.06%, which makes it one of the least expensive products in the space.
The fund has a 12-month trailing dividend yield of 2.06%.
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.
This ETF has heaviest allocation in the Information Technology sector - about 22.60% of the portfolio. Financials and Healthcare round out the top three.
Looking at individual holdings, Microsoft Corp. (MSFT) accounts for about 4.83% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Inc. (UNH).
Its top 10 holdings account for approximately 31.31% of VIG's total assets under management.
Performance and Risk
The ETF has added roughly 2.53% and was up about 13.30% so far this year and in the past one year (as of 10/23/2023), respectively. VIG has traded between $143.44 and $166.95 during this last 52-week period.
The ETF has a beta of 0.85 and standard deviation of 15.29% for the trailing three-year period, making it a medium risk choice in the space. With about 316 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Dividend Appreciation ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
IShares MSCI EAFE Growth ETF (EFG) tracks MSCI EAFE Growth Index and the iShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index. IShares MSCI EAFE Growth ETF has $10.98 billion in assets, iShares Core Dividend Growth ETF has $22.69 billion. EFG has an expense ratio of 0.36% and DGRO charges 0.08%.
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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Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
iShares Core Dividend Growth ETF (DGRO): ETF Research Reports
iShares MSCI EAFE Growth ETF (EFG): 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, Microsoft Corp. (MSFT) accounts for about 4.83% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Inc. (UNH). Click to get this free report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report iShares Core Dividend Growth ETF (DGRO): ETF Research Reports iShares MSCI EAFE Growth ETF (EFG): ETF Research Reports To read this article on Zacks.com click here. The Vanguard Dividend Appreciation ETF (VIG) made its debut on 04/21/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Blend category of the market.
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Click to get this free report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report iShares Core Dividend Growth ETF (DGRO): ETF Research Reports iShares MSCI EAFE Growth ETF (EFG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Microsoft Corp. (MSFT) accounts for about 4.83% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Inc. (UNH). IShares MSCI EAFE Growth ETF (EFG) tracks MSCI EAFE Growth Index and the iShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index.
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Click to get this free report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report iShares Core Dividend Growth ETF (DGRO): ETF Research Reports iShares MSCI EAFE Growth ETF (EFG): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Microsoft Corp. (MSFT) accounts for about 4.83% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Inc. (UNH). IShares MSCI EAFE Growth ETF (EFG) tracks MSCI EAFE Growth Index and the iShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index.
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Looking at individual holdings, Microsoft Corp. (MSFT) accounts for about 4.83% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Inc. (UNH). Click to get this free report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report iShares Core Dividend Growth ETF (DGRO): ETF Research Reports iShares MSCI EAFE Growth ETF (EFG): ETF Research Reports To read this article on Zacks.com click here. The Vanguard Dividend Appreciation ETF (VIG) made its debut on 04/21/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Blend category of the market.
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