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16300.0
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2023-04-17 00:00:00 UTC
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After Hours Most Active for Apr 17, 2023 : SWN, ZM, BAC, QQQ, AAPL, GOOGL, PFE, MSFT, NRG, AMC, AMZN, FE
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-apr-17-2023-%3A-swn-zm-bac-qqq-aapl-googl-pfe-msft-nrg-amc-amzn
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -6.29 to 13,081.42. The total After hours volume is currently 76,470,000 shares traded.
The following are the most active stocks for the after hours session:
Southwestern Energy Company (SWN) is +0.01 at $5.19, with 4,394,812 shares traded. SWN's current last sale is 57.67% of the target price of $9.
Zoom Video Communications, Inc. (ZM) is +0.06 at $67.68, with 4,103,957 shares traded. ZM's current last sale is 82.04% of the target price of $82.5.
Bank of America Corporation (BAC) is +0.08 at $30.45, with 2,473,944 shares traded.BAC is scheduled to provide an earnings report on 4/18/2023, for the fiscal quarter ending Mar2023. The consensus earnings per share forecast is 0.79 per share, which represents a 80 percent increase over the EPS one Year Ago
Invesco QQQ Trust, Series 1 (QQQ) is +0.04 at $318.88, with 2,197,566 shares traded. This represents a 25.41% increase from its 52 Week Low.
Apple Inc. (AAPL) is -0.05 at $165.18, with 2,078,904 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Alphabet Inc. (GOOGL) is -0.06 at $105.91, with 1,864,140 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range".
Pfizer, Inc. (PFE) is unchanged at $41.18, with 1,845,238 shares traded. PFE's current last sale is 84.91% of the target price of $48.5.
Microsoft Corporation (MSFT) is -0.23 at $288.57, with 1,704,591 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
NRG Energy, Inc. (NRG) is unchanged at $35.11, with 1,609,227 shares traded. NRG's current last sale is 85.63% of the target price of $41.
AMC Entertainment Holdings, Inc. (AMC) is -0.02 at $5.18, with 1,551,958 shares traded. AMC's current last sale is 287.78% of the target price of $1.8.
Amazon.com, Inc. (AMZN) is -0.06 at $102.68, with 1,527,276 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
FirstEnergy Corp. (FE) is unchanged at $40.86, with 1,316,414 shares traded. FE's current last sale is 99.66% of the target price of $41.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Apple Inc. (AAPL) is -0.05 at $165.18, with 2,078,904 shares traded. Bank of America Corporation (BAC) is +0.08 at $30.45, with 2,473,944 shares traded.BAC is scheduled to provide an earnings report on 4/18/2023, for the fiscal quarter ending Mar2023.
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As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Apple Inc. (AAPL) is -0.05 at $165.18, with 2,078,904 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range".
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Apple Inc. (AAPL) is -0.05 at $165.18, with 2,078,904 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 76,470,000 shares traded.
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Apple Inc. (AAPL) is -0.05 at $165.18, with 2,078,904 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is down -6.29 to 13,081.42.
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16301.0
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2023-04-17 00:00:00 UTC
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One Little-Known Tech Stock Could Be the Next Big Thing in 2023
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AAPL
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https://www.nasdaq.com/articles/one-little-known-tech-stock-could-be-the-next-big-thing-in-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Editor’s note: “One Little-Known Tech Stock Could Be the Next Big Thing in 2023” was previously published in March 2023. It has since been updated to include the most relevant information available.
People often make the common misconception that innovation follows a straight path. The hero’s journey goes like this. Someone comes up with a brilliant idea, works on it until it’s perfect, then finally launches it to the world.
But that’s not how innovation actually works. Innovation is a collaborative and iterative process that involves many different actors and stages.
One way to think about innovation is to use the iterative model. This model recognizes that basic research, practical invention, and business leadership are all important for creating new technologies.
In this model, each stage feeds into the next. Basic research provides the foundation for practical invention, which then leads to new businesses and products. This model has been proven in the past. Just take the transistor, for example.
It was not just the result of scientific inquiry into quantum theory and surface-state physics. It was also the product of engineering ingenuity and business vision. Even Albert Einstein contributed to its development with his advice!
This shows that the linear model of innovation is too simplistic. It doesn’t capture the complexity and diversity of the innovation process.
Consider CRISPR, a technology with huge potential for gene-editing and disease treatment. It might seem that CRISPR followed the linear model. It started with basic research by Francisco Mojica and others who were curious about a strange phenomenon in nature. And then it led to applied technologies like gene-editing and tools to fight coronaviruses.
But that’s not the whole story. CRISPR also involved many other researchers, engineers, entrepreneurs, and regulators who contributed to its development and adoption. It was not a straight line from basic research to practical applications.
Instead, CRISPR’s development was based in a dynamic synergy among scientists, inventors, and entrepreneurs. They inspired and supported each other in a collective effort that resulted in groundbreaking and practical applications for gene-editing and disease treatment. And now, CRISPR is opening the door to another revolutionary innovation that will transform the future of computing beyond your imagination…
This innovation is driven by a company that could become the next Microsoft (MSFT).
This is not an exaggeration – this young company has some of the brightest minds on the planet. And its cutting-edge technology could reshape society in the next few years.
And yet, hardly anyone knows about it…
But today, you have the opportunity to discover this tech stock, the industry behind it, and why it could be your next big investment success.
The Computing Revolution Changed the World over the Past 50 Years
The world has changed a lot over the past 40 years. And most of those changes have revolved around one important innovation: the computer.
Back in the 1980s, the world was astounded by this profound technology. Theoretically, you could program them to do any task. And in time, these computers became more powerful. Their underlying code became more robust. And humans started to use them for everything – working, communicating, shopping, and playing.
And so, the Computing Revolution went mainstream.
It’s no coincidence that all of today’s trillion-dollar companies are, in some way, computing companies.
Microsoft makes computers. So does Apple (AAPL). Meta (META) builds applications for use on computers, as does Alphabet (GOOG, GOOGL). Nvidia (NVDA) makes chips for computers. Intel (INTC) does, too. Unsurprisingly, those stocks have all turned their early investors into millionaires.
In short, the computer changed our lives profoundly over the past 40 years. The computing companies pioneering those changes have become the world’s most powerful businesses. And their shareholders have become the world’s wealthiest people.
But why am I telling you all this?
Because today, we face another technological revolution that could be as big as the computing revolution – if not bigger. And there’s one tech stock in particular that stands to benefit from it immensely.
The Computing Revolution 2.0
In many ways, the new technological revolution I’m talking about is the Computing Revolution 2.0.
That’s because it’s basically the computing revolution of the past 40 years but applied to living things instead.
I’m talking about rewriting the code of life through an emerging technology field called Synthetic Biology. It’s a much bigger undertaking than rewriting the code of machines.
I know. It sounds crazy. But scientifically speaking, it’s entirely plausible. Moreover, it’s happening right now as you read this.
Recall Biology 101. Structurally speaking, a cell is just like a computer. It’s a very powerful machine that runs on “digital code.” The only difference is that a computer’s code is in ones and zeros. And a cell’s “code” is in Gs, Cs, As, and Ts — the four nucleobases in DNA’s nucleic acid.
So, in theory, we can manipulate the code of life by changing the nucleobases’ order. And it’s just like manipulating computer code by changing the order of ones and zeros in the codebase.
Therefore, we can “code” living things much in the same way we can “code” inanimate objects, like phones and computers.
That’s what synthetic biology is all about: programming cells how we program computers — by changing the DNA code inside them.
If you’re reading that and thinking it sounds like a profound undertaking, you’re not wrong. It is a profound undertaking — with profound economic implications.
World-Changing Potential
I probably don’t need to state this, but I will just to be abundantly clear. The emerging field of synthetic biology has world-changing potential.
Over the past 50 years, we figured out how to manipulate the code of inanimate objects. Look how much that changed the world. Now we’re figuring out how to manipulate life’s code.
If you thought the computing revolution changed the world, you haven’t seen anything yet…
Synthetic biology allows us to manipulate crops’ code so that they’re pest-resistant and weather-tolerant. We can manipulate the code of cancer patients to get rid of their cancer. And we can manipulate yeast’s code to produce better-tasting beer.
Indeed, synthetic biology may actually be the solution to the myriad problems the world is facing today!
For example, take recent soaring gas prices. They’re a byproduct of American and European reliance on Russian oil. Such reliance could be solved by synthetic biology. We could employ it to manipulate the code of oil and natural gas to make it far more effective and plentiful. And with these next-gen fossil fuels, we could entirely eliminate our reliance on foreign oil and gas.
Or how about soaring grocery prices? That, too, is a byproduct of American and European reliance on Russian wheat. Yet again, synthetic biology could solve that problem. We could employ advanced synbio techniques to improve domestic wheat yields and boost domestic production. Then we’d make enough wheat stateside to not need any imports from Russia. Problem solved!
Indeed, synthetic biology won’t just change the world. It has the potential to solve most of the world’s current problems!
Consequently, the opportunity in this emerging industry is both enormous and urgent.
Why Now for This Tech Stock?
Before I tell you about this promising tech stock, let me first state that synthetic biology is not a new concept.
But for years, it has been just that – a concept – and nothing more.
That’s because rewriting the code of life, as you can imagine, is quite complex. The human body is a wonder. It’s infinitely more complex than a computer. Each human has a different “code.” And each living specimen — plant, crop, fish — has a different “code” than humans do.
To read all those different codes, you need to employ advanced DNA sequencing methods. And they’re among the most complex in the world. Then, to rewrite those codes, you need to use DNA synthesis or printing. And that’s so complex that it makes sequencing look like child’s play.
In short, the universe of synthetic biology is magnitudes more infinite and complex than that of classical computing. So, while we’ve made huge advancements in programming computers over the past 40 years, we’ve made little progress programming cells…
Until now.
Recent advancements in artificial intelligence have sped up the DNA sequencing process. And innovations in classical computing technologies have improved the accuracy of DNA synthesis and printing. This combination has enabled synthetic biology to work in the real world.
Right now, as you read this, food companies are leveraging synthetic biology to create pest-resistant crops. Beer companies are using it to create higher-yielding yeast. And biotech companies are using synbio to make new vaccines and medicines.
So begins the Synthetic Biology Revolution — one of the biggest technological paradigm shifts since the advent of the computer.
The Final Word on This Unrivaled Tech Stock
At the center of this revolution is one of the most promising startups in the world today. And it’s your opportunity to get in on the ground floor of the most revolutionary startup in the world today.
It’s a company that was founded by the world’s most pioneering experts in this field. And it’s backed by some of the biggest and most successful venture capital firms of all time.
This company has developed unique and groundbreaking technology that deals directly with the AI mechanisms that power this whole revolution.
Folks, this is not just another tech company. This is the leader of the Synthetic Biology Revolution. And it will reshape everything as we know it – including food and medicine – with its cutting-edge AI technology.
Folks, this firm is the “next big thing.” It’s the Microsoft of the Synthetic Biology Revolution.
Just imagine if you had invested $10,000 in Microsoft when it was just starting out. You would be a multimillionaire today.
And I believe that if you invest $10,000 in this tech stock today, you could be a multimillionaire tomorrow.
Learn more about this explosive stock and how you can get in on it today.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post One Little-Known Tech Stock Could Be the Next Big Thing in 2023 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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So does Apple (AAPL). They inspired and supported each other in a collective effort that resulted in groundbreaking and practical applications for gene-editing and disease treatment. If you thought the computing revolution changed the world, you haven’t seen anything yet… Synthetic biology allows us to manipulate crops’ code so that they’re pest-resistant and weather-tolerant.
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So does Apple (AAPL). I’m talking about rewriting the code of life through an emerging technology field called Synthetic Biology. So, while we’ve made huge advancements in programming computers over the past 40 years, we’ve made little progress programming cells… Until now.
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So does Apple (AAPL). The Computing Revolution Changed the World over the Past 50 Years The world has changed a lot over the past 40 years. The Computing Revolution 2.0 In many ways, the new technological revolution I’m talking about is the Computing Revolution 2.0.
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So does Apple (AAPL). That’s because it’s basically the computing revolution of the past 40 years but applied to living things instead. That’s what synthetic biology is all about: programming cells how we program computers — by changing the DNA code inside them.
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16302.0
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2023-04-17 00:00:00 UTC
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The 7 Best Growth Stocks to Buy in the Gaming Sector
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AAPL
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https://www.nasdaq.com/articles/the-7-best-growth-stocks-to-buy-in-the-gaming-sector
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Video games continue to be red hot. Driven by constantly improving technology and a steady stream of imaginative titles, global sales of video games are forecast to reach $221.40 billion this year, according to market research firm Statista. Thus, many investors are looking for the top growth stocks to buy in this key sector.
Currently, 3 billion people (nearly 40% of the world’s population) identify themselves as regular gamers. Additionally, consumers are finding an increasingly wide array of platforms on which to game. These range from consoles and personal computers to smartphones and virtual reality headsets. Now, the addition of artificial intelligence promises to take video games into realms people have only dreamed of previously.
With video games continuing to steam ahead, we look at the seven best growth stocks to buy in the gaming sector.
NTDOY Nintendo $10.14
META Meta Platforms $219.30
MSFT Microsoft $286.93
EA Electronic Arts $127.92
GME GameStop $22.23
ATVI Activision Blizzard $85.42
RBLX Roblox $40.27
Nintendo (NTDOY)
Source: ESOlex / Shutterstock.com
Kicking off this list of growth stocks to buy in the gaming sector is none other than Japan-based Nintendo (OTCMKTS:NTDOY).
Nintendo continues to be a worldwide leader in the video game space, with game titles and characters that are household names such as Mario, Donkey Kong, and Zelda. Despite having a rich backlog of intellectual property, Nintendo continues to innovate and push video game technology forward. The company’s Switch console has been a smash hit, having sold 114 million units since it debuted in 2017. Plus, the company continues to churn out hit titles that include the bestselling Pokémon Scarlet and Pokémon Violet video games.
The company is widely expected to release a new console later this year to replace the Switch, likely in the fall ahead of the holiday shopping season. Additionally, Nintendo is growing its share of the digital game download market. Notably, this market offers substantially-higher margins, something investors watch closely in this space.
Finally, the company is aggressively monetizing its popular characters and game franchises through a series of movies and the opening of theme parks around the world. Nintendo’s stock, which trades over the counter in the U.S., has slumped 22% in the past year. That said, I think investors should see the decline as a buying opportunity.
Meta Platforms (META)
Source: Aleem Zahid Khan / Shutterstock.com
Meta Platforms (NASDAQ:META) may not be first on the list of growth stocks to buy when one talks about video games. However, the company has been making inroads into the gaming sector with its virtual reality headsets.
Recently, Meta Platforms lowered the prices on its range of Quest VR headsets. This was in a bid to help drive sales ahead of rival Apple’s (NASDAQ:AAPL) expected entry into the space later this year. Thus, while many people associate Meta’s VR headsets with its development of the metaverse, most people today use the Quest hardware to play video games.
Video game titles available for play on Meta’s VR headsets include Horizon Worlds, games based on the comic book hero Iron Man and those derived from popular TV show The Walking Dead. People can also play a version of the popular video game Tetris on the Quest headsets.
To date, Meta Platforms has sold about 20 million Quest headsets. This puts the product on par with past sales of Nintendo and Xbox consoles. Accordingly, new video game titles for the VR headsets continue to be churned out at a brisk clip. After a brutal selloff in 2022, META stock is already up 70% this year. Indeed, I see the stock rising even more from here.
Microsoft (MSFT)
Source: NYCStock / Shutterstock.com
If Nintendo has a chief rival in the market for video games, it is Microsoft (NASDAQ:MSFT). The company behind the Xbox console and exclusive video game titles such as Halo, Forza Motorsport, and Gears of War continues to be a leader in the industry. And Microsoft’s share of the video game market looks likely to grow as its $68 billion acquisition of video game maker Activision Blizzard (NASDAQ:ATVI) seems poised to be approved by regulators in coming months. Bringing Activision Blizzard in-house would give Microsoft’s Xbox division a big boost, expanding its number of exclusive hit titles and providing it with lucrative intellectual property rights.
If the Activision Blizzard purchase weren’t enough, Microsoft is also likely to be among the first gaming companies to add artificial intelligence to its video games and console due to its $10 billion investment in privately held OpenAI. The powerful ChatGPT large-language model AI system is already being integrated into Microsoft’s Bing search engine, and company executives have talked for years about the potential of AI to enhance the video game industry. MSFT stock has been recovering this year, having gained 18% since January.
Electronic Arts (EA)
Source: Rick Neves / Shutterstock.com
Electronic Arts (NASDAQ:EA) is best known for popular video-game titles such as Mass Effect and Medal of Honor, as well as its professional soccer, football and ice hockey titles. Today, Electronic Arts is one of the world’s biggest video-game developers with annual revenues of more than $7 billion.
However, despite its success and the enduring popularity of its video game titles, EA stock has been stuck in neutral. In the last 12 months, the company’s share price is flat (down 0.2%). So far this year, the stock has risen a little over 2%.
That said, Electronic Arts could be a dark horse in the race to add AI to video games. The company has openly discussed experimenting with generative AI, even using it to test a new edition of its popular game Battlefield. Electronics Art also makes the popular open world title, The Sims, which could benefit from the addition of AI. It is clear that the company hopes to use artificial intelligence to enhance the user experience and further grow its business.
GameStop (GME)
Source: 1take1shot / Shutterstock.com
This is a somewhat reluctant pick, given the company’s history as a meme stock. But video game retailer GameStop (NYSE:GME) makes it onto this list amid signs that the troubled company may have finally turned a corner.
At the end of March this year, GameStop reported its first quarterly profit in two years, leading to an immediate 40% spike in the company’s share price. For the fourth-quarter of 2022, the retailer posted a profit of $48.2 million, or 16 cents per share, which was a big turnaround from a loss of $147.5 million, or 49 cents per share, a year earlier.
GameStop clawed its way back to profitability by aggressively cutting costs, lowering its inventory, and boosting its online sales. This represents a huge change from the pandemic, when the company was caught flat-footed, as its network of more than 4,000 retail stores was forced to close, and it scrambled to move its operations online. Then came the meme stock craze in early 2021, and the company’s share price has been erratic ever since.
However, there are signs that GameStop might be maturing and normalizing. On a year-to-date basis, the stock is up 27%.
Activision Blizzard (ATVI)
Source: Eric Broder Van Dyke/Shutterstock.com
As mentioned, video game maker Activision Blizzard looks likely to be acquired by Microsoft in a deal priced at $95 per share. However, the deal is not a fait accompli, and ATVI stock is currently trading below the price that Microsoft has agreed to pay for the company.
Someone who bought Activision Blizzard stock now could book a 12% gain should the acquisition be finalized. The deal is currently working its way through regulatory approvals around the world, but is widely expected to close this fall.
However, even if the acquisition by Microsoft does not go through as planned, Activision Blizzard remains a compelling video game developer. The company’s franchise titles include Call of Duty and Guitar Hero, among others. Activision is so well-regarded that even legendary investor Warren Buffett, age 92, is a shareholder. Buffett currently holds more than 50 million shares of ATVI stock, a position that’s worth $4.50 billion. If that isn’t a vote of confidence in a stock, what is?
Roblox (RBLX)
Source: Michael Vi / Shutterstock.com
Rounding out this list of growth stocks to buy in the gaming space is online video game maker Roblox (NYSE:RBLX).
Roblox remains particularly popular with kids, and that is enabling the company to continue to grow. RBLX stock jumped 26% in a single trading day earlier this year after it reported Q4 2022 earnings that beat expectations. Specifically, analysts liked that Roblox reported having 58.8 million daily active users on its online video game platform in Q4, up 19% from a year earlier. The continued growth has made Roblox stock a top performer this year, with its share price having gained 63% since the start of January.
Roblox is also researching generative AI, with plans to incorporate the technology into its online-gaming platform and video-game titles. Wall Street analysts like what they’re seeing from the company and the future impact artificial intelligence could have on its business. Investment bank D.A. Davidson recently reiterated its “buy” rating and price target on RBLX stock in anticipation of the company’s adoption of AI technology, saying they see artificial intelligence as a major catalyst for the company and its share price.
On the date of publication, Joel Baglole held long positions in AAPL and MSFT. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post The 7 Best Growth Stocks to Buy in the Gaming Sector 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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This was in a bid to help drive sales ahead of rival Apple’s (NASDAQ:AAPL) expected entry into the space later this year. On the date of publication, Joel Baglole held long positions in AAPL and MSFT. Driven by constantly improving technology and a steady stream of imaginative titles, global sales of video games are forecast to reach $221.40 billion this year, according to market research firm Statista.
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This was in a bid to help drive sales ahead of rival Apple’s (NASDAQ:AAPL) expected entry into the space later this year. On the date of publication, Joel Baglole held long positions in AAPL and MSFT. NTDOY Nintendo $10.14 META Meta Platforms $219.30 MSFT Microsoft $286.93 EA Electronic Arts $127.92 GME GameStop $22.23 ATVI Activision Blizzard $85.42 RBLX Roblox $40.27 Nintendo (NTDOY) Source: ESOlex / Shutterstock.com Kicking off this list of growth stocks to buy in the gaming sector is none other than Japan-based Nintendo (OTCMKTS:NTDOY).
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This was in a bid to help drive sales ahead of rival Apple’s (NASDAQ:AAPL) expected entry into the space later this year. On the date of publication, Joel Baglole held long positions in AAPL and MSFT. NTDOY Nintendo $10.14 META Meta Platforms $219.30 MSFT Microsoft $286.93 EA Electronic Arts $127.92 GME GameStop $22.23 ATVI Activision Blizzard $85.42 RBLX Roblox $40.27 Nintendo (NTDOY) Source: ESOlex / Shutterstock.com Kicking off this list of growth stocks to buy in the gaming sector is none other than Japan-based Nintendo (OTCMKTS:NTDOY).
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This was in a bid to help drive sales ahead of rival Apple’s (NASDAQ:AAPL) expected entry into the space later this year. On the date of publication, Joel Baglole held long positions in AAPL and MSFT. With video games continuing to steam ahead, we look at the seven best growth stocks to buy in the gaming sector.
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16303.0
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2023-04-17 00:00:00 UTC
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Why Alphabet Stock Just Lost $50 Billion
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AAPL
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https://www.nasdaq.com/articles/why-alphabet-stock-just-lost-%2450-billion
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nan
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nan
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What happened
Shares of internet search giant Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) tumbled 3.5% through 11:30 a.m. ET Monday -- a loss of nearly $50 billion in market capitalization -- after the publication of a New York Times story suggesting that Alphabet may not be an internet search giant for much longer.
As the Times reported over the weekend, key Alphabet partner Samsung -- which built its smartphone franchise on the back of Google software -- is considering dumping Google and replacing it with Microsoft's ChatGPT-powered Bing as the default search engine on its new smartphones.
So what
And that's not even the worst news for Alphabet.
If Samsung cancels or scales back its contract with Google, this will imperil a $3 billion annual revenue stream for Alphabet. But just a bit farther down the road, Alphabet is preparing to renew an even bigger, $20 billion contract with Apple for use of Google on iPhones. Apple has a history of breaking up with key suppliers in order to go its own way, so this seems like an even bigger risk for Alphabet -- and one investors can't afford to ignore.
The Times describes Alphabet's reaction to the prospect as verging on "panic," as its 80% market share in internet search comes under attack.
Now what
But is "panic" really the correct reaction to this news? Granted, $3 billion -- and certainly $20 billion -- are big numbers. But Google's search business is many times bigger than either of them at an estimated $162 billion per year. And just because a smartphone maker doesn't make Google its default search engine doesn't prevent a user from installing Google independently. In short, the revenue hit here for Google is both hypothetical and potentially not as big as it might be.
The bigger risk, it seems to me, is that Google has ceded the initiative to Microsoft in this new artificial intelligence race. Being forced now to play catch-up to Microsoft (whose Bing was always an also-ran in search, and so had little to lose by shaking things up and seeing how they fell out), Alphabet is making changes to Google on the fly, introducing first a Bard chatbot (which has already had one high-profile flub), and now working feverishly to prepare a new search engine project called Magi.
The more "panic" forces Alphabet to change the business model that has served it for so long, the more chances it will break something by accident.
That's the risk Alphabet investors should be focusing on today, if you ask me.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Rich Smith 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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ET Monday -- a loss of nearly $50 billion in market capitalization -- after the publication of a New York Times story suggesting that Alphabet may not be an internet search giant for much longer. Apple has a history of breaking up with key suppliers in order to go its own way, so this seems like an even bigger risk for Alphabet -- and one investors can't afford to ignore. The Times describes Alphabet's reaction to the prospect as verging on "panic," as its 80% market share in internet search comes under attack.
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What happened Shares of internet search giant Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) tumbled 3.5% through 11:30 a.m. But Google's search business is many times bigger than either of them at an estimated $162 billion per year. And just because a smartphone maker doesn't make Google its default search engine doesn't prevent a user from installing Google independently.
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As the Times reported over the weekend, key Alphabet partner Samsung -- which built its smartphone franchise on the back of Google software -- is considering dumping Google and replacing it with Microsoft's ChatGPT-powered Bing as the default search engine on its new smartphones. Being forced now to play catch-up to Microsoft (whose Bing was always an also-ran in search, and so had little to lose by shaking things up and seeing how they fell out), Alphabet is making changes to Google on the fly, introducing first a Bard chatbot (which has already had one high-profile flub), and now working feverishly to prepare a new search engine project called Magi. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors.
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What happened Shares of internet search giant Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) tumbled 3.5% through 11:30 a.m. Now what But is "panic" really the correct reaction to this news? But Google's search business is many times bigger than either of them at an estimated $162 billion per year.
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16304.0
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2023-04-17 00:00:00 UTC
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Apple offers high-yield savings to card customers as deposit competition heats up
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AAPL
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https://www.nasdaq.com/articles/apple-offers-high-yield-savings-to-card-customers-as-deposit-competition-heats-up
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nan
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NEW YORK, April 17 (Reuters) - Apple Inc AAPL.O is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc GS.N amid increased competition among financial institutions for consumer dollars.
Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing March data from the Federal Deposit Insurance Corporation that showed consumers earned an average of 0.37% on savings in bank accounts.
Regional and small banks are competing for deposits by dangling promotions, including higher rates and cash bonuses for opening new accounts.
The Apple rate is higher than the 3.9% Goldman offers for an online savings account at its digital consumer bank, Marcus.
(Reporting by Nupur Anand; Additional reporting by Saeed Azhar; Editing by Lananh Nguyen and Cynthia Osterman)
((Nupur.Anand@thomsonreuters.com; +1 646 240 2975))
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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NEW YORK, April 17 (Reuters) - Apple Inc AAPL.O is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc GS.N amid increased competition among financial institutions for consumer dollars. Regional and small banks are competing for deposits by dangling promotions, including higher rates and cash bonuses for opening new accounts. The Apple rate is higher than the 3.9% Goldman offers for an online savings account at its digital consumer bank, Marcus.
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NEW YORK, April 17 (Reuters) - Apple Inc AAPL.O is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc GS.N amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing March data from the Federal Deposit Insurance Corporation that showed consumers earned an average of 0.37% on savings in bank accounts. The Apple rate is higher than the 3.9% Goldman offers for an online savings account at its digital consumer bank, Marcus.
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NEW YORK, April 17 (Reuters) - Apple Inc AAPL.O is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc GS.N amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing March data from the Federal Deposit Insurance Corporation that showed consumers earned an average of 0.37% on savings in bank accounts. (Reporting by Nupur Anand; Additional reporting by Saeed Azhar; Editing by Lananh Nguyen and Cynthia Osterman) ((Nupur.Anand@thomsonreuters.com; +1 646 240 2975)) 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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NEW YORK, April 17 (Reuters) - Apple Inc AAPL.O is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc GS.N amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than the national average, citing March data from the Federal Deposit Insurance Corporation that showed consumers earned an average of 0.37% on savings in bank accounts. Regional and small banks are competing for deposits by dangling promotions, including higher rates and cash bonuses for opening new accounts.
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16305.0
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2023-04-17 00:00:00 UTC
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Is Trending Stock Apple Inc. (AAPL) a Buy Now?
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AAPL
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https://www.nasdaq.com/articles/is-trending-stock-apple-inc.-aapl-a-buy-now-4
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nan
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this maker of iPhones, iPads and other products have returned +6.6%, compared to the Zacks S&P 500 composite's +5.7% change. During this period, the Zacks Computer - Mini computers industry, which Apple falls in, has gained 8.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Apple is expected to post earnings of $1.43 per share, indicating a change of -5.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.1% over the last 30 days.
The consensus earnings estimate of $6.03 for the current fiscal year indicates a year-over-year change of -1.3%. This estimate has changed -0.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.68 indicates a change of +10.8% from what Apple is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Apple, the consensus sales estimate of $93.11 billion for the current quarter points to a year-over-year change of -4.3%. The $388.76 billion and $415.67 billion estimates for the current and next fiscal years indicate changes of -1.4% and +6.9%, respectively.
Last Reported Results and Surprise History
Apple reported revenues of $117.15 billion in the last reported quarter, representing a year-over-year change of -5.5%. EPS of $1.88 for the same period compares with $2.10 a year ago.
Compared to the Zacks Consensus Estimate of $121.21 billion, the reported revenues represent a surprise of -3.34%. The EPS surprise was -2.59%.
Over the last four quarters, Apple surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Apple is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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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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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
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Apple (AAPL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. And if earnings estimates go up for a company, the fair value for its stock goes up.
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16306.0
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2023-04-17 00:00:00 UTC
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Apple's India sales hit $6 bln in year through March- Bloomberg News
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AAPL
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https://www.nasdaq.com/articles/apples-india-sales-hit-%246-bln-in-year-through-march-bloomberg-news-0
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nan
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adds background
April 17 (Reuters) - Apple Inc's AAPL.OIndia sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday.
Revenue in India almosttouched $6 billion, as compared to $4.1 billion in the year through March 2022, the report added, citing a person familiar with the matter.
Apple didn't immediately respond to a Reuters request for comment.
Apple has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021 and has assembled more than $7 billion worth of iPhones in the country in the last fiscal year, Bloomberg News reported last week.
The fresh sales growth comes as Apple deepens its India retail push with the setting up of two stores in Mumbai and New Delhi this year.
Meanwhile, Apple's profits last quarter missed Wall Street expectations for the first time since 2016, as iPhone sales fell for the first time since 2020. The company had then said that it expected revenue to fall in the second quarter as well.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza and Nivedita Bhattacharjee)
((Kanjyik.Ghosh@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 background April 17 (Reuters) - Apple Inc's AAPL.OIndia sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday. The fresh sales growth comes as Apple deepens its India retail push with the setting up of two stores in Mumbai and New Delhi this year. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza and Nivedita Bhattacharjee) ((Kanjyik.Ghosh@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 background April 17 (Reuters) - Apple Inc's AAPL.OIndia sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday. Revenue in India almosttouched $6 billion, as compared to $4.1 billion in the year through March 2022, the report added, citing a person familiar with the matter. Apple has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021 and has assembled more than $7 billion worth of iPhones in the country in the last fiscal year, Bloomberg News reported last week.
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adds background April 17 (Reuters) - Apple Inc's AAPL.OIndia sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday. Apple has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021 and has assembled more than $7 billion worth of iPhones in the country in the last fiscal year, Bloomberg News reported last week. Meanwhile, Apple's profits last quarter missed Wall Street expectations for the first time since 2016, as iPhone sales fell for the first time since 2020.
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adds background April 17 (Reuters) - Apple Inc's AAPL.OIndia sales grew by nearly 50% in the year through March, Bloomberg News reported on Monday. Apple didn't immediately respond to a Reuters request for comment. Apple has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021 and has assembled more than $7 billion worth of iPhones in the country in the last fiscal year, Bloomberg News reported last week.
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16307.0
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2023-04-17 00:00:00 UTC
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Which Stocks Pass Warren Buffett's $10,000 Test?
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AAPL
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https://www.nasdaq.com/articles/which-stocks-pass-warren-buffetts-%2410000-test
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nan
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If you didn't watch Warren Buffett's interview on CNBC last week, it would be worth your while to look at some of the highlights online. The legendary investor gave his views on a wide range of topics, from artificial intelligence to the banking turmoil to inflation.
One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). Buffett told CNBC's Becky Quick:
...if you're an Apple user and somebody offers you $10,000 but the only proviso is you'll never be able -- to they'll take away your iPhone and you'll never be able to buy another, you're not gonna take it. If they tell you if you buy another Ford Motor car, they'll give you $10,000 not to do that, you'll take the $10,000. You'll buy a Chevy instead.
You may or may not agree with Buffett about turning down a lot of money to keep your iPhone. However, his statement made me wonder: Which stocks would pass Buffett's $10,000 test?
Image source: The Motley Fool.
An easy pick
Let me first say that I agree with Buffett that many people would forego $10,000 to be able to keep their iPhones. Apple truly has a large and loyal customer base. I think there's at least one other publicly traded company that's an easy pick for also passing the $10,000 test.
Vertex Pharmaceuticals (NASDAQ: VRTX) sells the only approved therapies that target the genetic defect that causes cystic fibrosis (CF). Would CF patients choose to give up what's literally a life-changing treatment for $10,000? I seriously doubt it.
Looking ahead, Vertex could also pass this Buffett test if it wins regulatory approval for exa-cel. The company recently completed its U.S. Food and Drug Administration filing for the gene-editing therapy in treating (for many patients, effectively curing) sickle cell disease and transfusion-dependent beta-thalassemia. I can't imagine that anyone would take $10,000 to pass up the opportunity to live without the negative impacts of either rare blood disorder.
We could almost certainly put any pharmaceutical or biotech company that markets the only drugs that treat a given condition in the club as well.
Tougher choices
What if we look beyond drugmakers with life-saving and life-changing products? It gets tougher to identify stocks that would pass Buffett's $10,000 test.
One possible alternative might be a stock such as Altria Group (NYSE: MO), which markets Marlboro cigarettes in the U.S. While some smokers would switch to another brand for enough money (or, more wisely, give up cigarettes altogether), I suspect that many would refuse to change even for a significant amount of money. It's not surprising that Altria has been one of the best-performing stocks ever.
Maybe some die-hard Coca-Cola or Pepsi drinkers wouldn't switch to another beverage for $10,000. The same could be true for fans of other beverage makers such as Celcius.
Perhaps the best approach, though, is to identify the stocks of companies with high-end products that enjoy tremendous customer loyalty. Tesla (NASDAQ: TSLA) could be a good candidate in this group. A survey conducted last year by S&P Global Mobility found that Tesla had the highest brand loyalty in the luxury car market. Still, though, only 63% of Tesla owners said they'd buy another Tesla vehicle again.
A more important test
I'd like to propose what I believe is a more important test for investors. It's along the same lines as Buffett's hypothetical scenario about Apple users turning down $10,000 to give up their iPhones. However, this test will require a little more thought.
Suppose you could own $100,000 worth of any stock that's in your portfolio right now. Now imagine that someone offered to pay you $10,000 to sell that stock at the current share price. The caveat, though, is that you wouldn't be able to buy the stock back for another year. Which stocks would you refuse to sell?
Your answer to this question should help you determine your highest-conviction stocks. You might want to consider adding to your positions in these stocks. As for the ones that didn't make the cut, it doesn't necessarily mean that you should sell them right away.
My hunch is that Buffett would include Apple (and, of course, Berkshire Hathaway) in his response to the Keith Speights $10,000 test. Both seem like pretty good answers to me.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 10, 2023
Keith Speights has positions in Apple, Berkshire Hathaway, PepsiCo, and Vertex Pharmaceuticals. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, Celsius, S&P Global, Tesla, and Vertex Pharmaceuticals. The Motley Fool recommends General Motors and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and 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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One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). Buffett told CNBC's Becky Quick: ...if you're an Apple user and somebody offers you $10,000 but the only proviso is you'll never be able -- to they'll take away your iPhone and you'll never be able to buy another, you're not gonna take it. Vertex Pharmaceuticals (NASDAQ: VRTX) sells the only approved therapies that target the genetic defect that causes cystic fibrosis (CF).
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One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). See the 10 stocks *Stock Advisor returns as of April 10, 2023 Keith Speights has positions in Apple, Berkshire Hathaway, PepsiCo, and Vertex Pharmaceuticals. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, Celsius, S&P Global, Tesla, and Vertex Pharmaceuticals.
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One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them!
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One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). It gets tougher to identify stocks that would pass Buffett's $10,000 test. That's right -- they think these 10 stocks are even better buys.
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16308.0
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2023-04-17 00:00:00 UTC
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China smartphone sales rise to more than 70% of Russian market
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AAPL
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https://www.nasdaq.com/articles/china-smartphone-sales-rise-to-more-than-70-of-russian-market
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nan
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nan
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April 17 (Reuters) - Chinese smartphones made up more than 70% of the Russian market in the first quarter of 2023, consumer electronics retailer M.Video-Eldorado MVID.MM said, up from around 50% last year.
China's smartphone surge comes after Samsung 005930.KS and Apple AAPL.O both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi 1810.HK and Realme now occupying the market's top two spots.
Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more Chinese-branded cars as Western automakers leave Russia.
Apple and Samsung have dropped to third and fourth spot respectively, from first and third in 2022, Russia's leading consumer electronics retailer M.Video said.
"Demand for brands from China in quantity terms increased by 42% relative to last year, and their total share was over 70%," M.Video added in a statement on Monday.
Russia is trying to wean itself off Western technology and the Kremlin told officials involved in preparations for the 2024 presidential election to stop using Apple iPhones because of concerns that the devices are vulnerable to Western intelligence agencies, Kommersant newspaper reported last month.
The Kremlin has also moved to allow Russian companies to ship in some products, including smartphones, without the license holder's permission in so-called parallel imports.
Analysts say that most devices are imported from China, but the Vedomosti newspaper in February cited research by GS Group, which said that parallel imports had helped iPhone imports from India double in 2022 compared with the year before.
Last year, M.Video and mobile operator MTS MTSS.MM began selling discounted and used smartphones, offering Russian consumers cheaper alternatives as Western sanctions contributed to economic contraction and falling wages.
M.Video noted that demand for smartphones was recovering in the first quarter of this year.
(Reporting by Alexander Marrow; Editing by Alexander Smith)
((alexander.marrow@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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China's smartphone surge comes after Samsung 005930.KS and Apple AAPL.O both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi 1810.HK and Realme now occupying the market's top two spots. Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more Chinese-branded cars as Western automakers leave Russia. Last year, M.Video and mobile operator MTS MTSS.MM began selling discounted and used smartphones, offering Russian consumers cheaper alternatives as Western sanctions contributed to economic contraction and falling wages.
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China's smartphone surge comes after Samsung 005930.KS and Apple AAPL.O both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi 1810.HK and Realme now occupying the market's top two spots. April 17 (Reuters) - Chinese smartphones made up more than 70% of the Russian market in the first quarter of 2023, consumer electronics retailer M.Video-Eldorado MVID.MM said, up from around 50% last year. Apple and Samsung have dropped to third and fourth spot respectively, from first and third in 2022, Russia's leading consumer electronics retailer M.Video said.
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China's smartphone surge comes after Samsung 005930.KS and Apple AAPL.O both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi 1810.HK and Realme now occupying the market's top two spots. Russia is trying to wean itself off Western technology and the Kremlin told officials involved in preparations for the 2024 presidential election to stop using Apple iPhones because of concerns that the devices are vulnerable to Western intelligence agencies, Kommersant newspaper reported last month. Analysts say that most devices are imported from China, but the Vedomosti newspaper in February cited research by GS Group, which said that parallel imports had helped iPhone imports from India double in 2022 compared with the year before.
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China's smartphone surge comes after Samsung 005930.KS and Apple AAPL.O both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi 1810.HK and Realme now occupying the market's top two spots. April 17 (Reuters) - Chinese smartphones made up more than 70% of the Russian market in the first quarter of 2023, consumer electronics retailer M.Video-Eldorado MVID.MM said, up from around 50% last year. Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more Chinese-branded cars as Western automakers leave Russia.
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16309.0
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2023-04-17 00:00:00 UTC
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Apple's India sales hit $6 bln in year through March- Bloomberg News
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AAPL
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https://www.nasdaq.com/articles/apples-india-sales-hit-%246-bln-in-year-through-march-bloomberg-news
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nan
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nan
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April 17 (Reuters) - Apple Inc's AAPL.O sales in India hit a new high of almost $6 billion in the year through March, Bloomberg News reported on Monday.
Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, the report added, citing a person familiar with the matter.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza)
((Kanjyik.Ghosh@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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April 17 (Reuters) - Apple Inc's AAPL.O sales in India hit a new high of almost $6 billion in the year through March, Bloomberg News reported on Monday. Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, the report added, citing a person familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza) ((Kanjyik.Ghosh@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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April 17 (Reuters) - Apple Inc's AAPL.O sales in India hit a new high of almost $6 billion in the year through March, Bloomberg News reported on Monday. Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, the report added, citing a person familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza) ((Kanjyik.Ghosh@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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April 17 (Reuters) - Apple Inc's AAPL.O sales in India hit a new high of almost $6 billion in the year through March, Bloomberg News reported on Monday. Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, the report added, citing a person familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza) ((Kanjyik.Ghosh@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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April 17 (Reuters) - Apple Inc's AAPL.O sales in India hit a new high of almost $6 billion in the year through March, Bloomberg News reported on Monday. Revenue in India grew by nearly 50%, from $4.1 billion a year earlier, the report added, citing a person familiar with the matter. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Savio D'Souza) ((Kanjyik.Ghosh@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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16310.0
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2023-04-17 00:00:00 UTC
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Baidu and Tutor Perini have been highlighted as Zacks Bull and Bear of the Day
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AAPL
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https://www.nasdaq.com/articles/baidu-and-tutor-perini-have-been-highlighted-as-zacks-bull-and-bear-of-the-day
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For Immediate Release
Chicago, IL – April 17, 2023 – Zacks Equity Research shares Baidu BIDU as the Bull of the Day and Tutor Perini TPC as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Netflix NFLX, Disney's DIS and Apple's AAPL.
Here is a synopsis of all five stocks:
Bull of the Day:
Baidu, the $45 billion provider of search, advertising and cloud services often referred to as the "Google of China," has always been a leader in artificial intelligence for its nation as well.
Under the leadership of Robin Li, Baidu has orchestrated key government partnerships to utilize technology parks in Beijing and Shanghai for the development of autonomous driving.
Now that ChatGPT is all the rage, it's not surprising that Li & Co. had already been working on their own chatter-bot for advanced research, simulation, and content creation.
Here's what my colleague Andrew Rocco wrote in mid-March as a new venture was set to launch...
Breaking into Artificial Intelligence
Open AI's artificial intelligence chatbot called ChatGPT launched in 2022. Though artificial intelligence has been around for years, ChatGPT is the first AI chatbot to go viral. The service reached 100 million daily active users just two months after launch and already has a valuation of around $30 billion and investments from notable tech juggernauts such as Microsoft.
Now, Baidu is looking to follow suit and drive growth through a chatbot dubbed "Ernie Bot," which the company announced last month. With the announcement of Ernie Bot, Baidu is the front runner in the Chinese race to make a ChatGPT competitor and is positioning itself well to do so. In Baidu's lastearnings call management underscored the importance of AI for BIDU by saying:
"2022 was a challenging year, but we used this period to prepare the company for better times. In 2023, we believe we have a clear path to reaccelerate our revenue growth, and we are now well positioned to make use of the opportunities that China's economic recovery offers us," said Robin Li, Co-founder and CEO of Baidu. "With our long-term investments in AI, we are poised to capitalize on the imminent inflection point in AI, unlocking exciting new opportunities across our entire business portfolio -- from mobile ecosystem to AI Cloud, autonomous driving, smart devices, and beyond."
Analysts Raise Estimates and Price Targets
When Andrew wrote about BIDU, upward EPS revisions from Wall Street had already made the stock a Zacks #1 Rank, taking full year 2023 growth to a 35% advance.
And 2024 estimates are already projecting 25%+ growth, making the stock trade under a 10X P/E. Meanwhile, revenue growth remains robust at 10% for both this year and next, with 2024 projected to eclipse $22 billion.
What still surprises me is the discount on a price-to-sales basis as most US-based software and semiconductor companies trade between 5X and 15X revenues: Baidu trades at barely over 2 times sales.
In March, using Zacks Research System (ZRS) institutional data, Andrew noted "From a price-to-sales perspective, Baidu's valuation is nearly the lowest it has been since inception."
While the launch of Ernie has been given a lukewarm reception thus far, we have seen before that Baidu always remains a key innovator in China and will be a difference-maker with this new AI technology that enhances their search, user experience, and development engines. Here were some recent analyst reactions...
Baidu price target raised to $215 from $167 at Loop Capital: Firm remains bullish on Baidu, and sees structural forces improving Baidu's position among ad platforms, signs of improvement across key verticals and strong initial demand from enterprise developers for new AI solutions.
Baidu price target raised to $215 from $200 at Daiwa: Analysts tested the company's ERNIE Bot AI for two weeks. After having run a comparative test of ERNIE Bot, GPT-4 and ChatGPT, the firm says its view is that ERNIE Bot ranks below GPT-4 but is comparable to ChatGPT and it also thinks ERNIE Bot generates better Chinese language output than the other two. "This performance is encouraging and exceeded our expectations."
Bottom line for BIDU: While the unknowns of China scare many investors away -- and there is new controversy with lawsuits against the Apple app store for fake Ernie bots and worries that Washington vectors against TikTok could spill over -- the growth/value equation right now for the premier AI/cloud company of China is so attractive as to make accumulating shares an exercise in investor intelligence.
Disclosure:I own BIDU shares for the Zacks TAZR Trader portfolio.
Bear of the Day:
I last wrote about Tutor Perini as the Bear of the Day in November of 2021 when shares were trading near $15.
With a $275 million market cap, this diversified general contracting and global construction management firm topped $5.3 billion in revenues in 2020, but declining quarterly sales at the time, for the consecutive year, projected a drop below $4 billion going forward.
Fast-forward to early 2023 and the construction analysts had it pegged correctly. 2022 revenues came in under $3.8 billion and this year is forecast for barely 1% growth to $3.83 billion. Meanwhile, shares trade below $5.50 this year.
On the bottom line, the situation could be foreshadowing a recovery with the 2022 loss of $-4.09 vaulting over 100% to a profit of $0.45.
While we wait to see if the trough has been seen for this builder -- especially given the recent tremors in regional banking and commercial real estate -- let's review the business model and segments of this small-cap engineer...
Tutor Perini operates in four segments: Civil, Building, Specialty Contractors, and Management Services.
The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure.
The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology.
The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets.
The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations.
Bottom line for TPC: This smaller player may have been a canary in the coal mine of commercial real estate in 2022. Now it may become the harbinger of a bottom soon to come.
Additional content:
What to Expect from Netflix (NFLX) Earnings in Q1?
Netflix is set to report its first-quarter 2023 results on Apr 18.
Netflix expects its first-quarter earnings to be $2.82 per share, suggesting a year-over-year decline of 20%.
The Zacks Consensus Estimate for earnings is currently pegged at $2.81 per share, unchanged over the past 30 days. The figure indicates a 20.4% decline from the year-ago quarter.
Netflix expects total revenues to increase 4% year over year (8% on a forex-neutral basis) to $8.172 billion. The consensus mark for first-quarter revenues is currently pegged at $8.18 billion, suggesting 3.93% growth from the figure reported in the year-ago quarter.
The company's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in the remaining one, the average surprise being 0.92%.
Let's see how things are shaping up for this announcement.
Factors to Consider
Netflix's first-quarter 2023 results are expected to reflect the negative impact of paid sharing launch on user engagement. Its projection includes prospects of some cancellations similar to what it witnessed in Latin America. However, the company expects engagement levels to improve gradually, driven by strong content.
Moreover, ad-supported low-priced plans are expected to have a modest incremental benefit toward top-line growth in the to-be-reported quarter.
Stiff competition from streaming services like Disney's Disney+, HBO Max, Peacock, Paramount+, Apple's Apple TV+ and Amazon Prime Video has been a headwind for Netflix.
This Zacks Rank #3 (Hold) company is also facing competition for consumer time from linear TV, YouTube, short-form entertainment like TikTok, and gaming. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Nevertheless, Netflix's strong content portfolio is expected to have helped keep the subscriber base intact in the first quarter of 2023.
Netflix's sprawling games portfolio is also expected to have boosted user engagement in the to-be-reported quarter.
The company's shares have gained 17.4% year to date, outperforming the Zacks Broadcast Radio and Television industry's gain of 9.6%, benefiting from an impressive content portfolio. First-quarter 2023 launches included The Night Agent, Luther: The Fallen Sun, The Glory and more.
Top-Line Growth Estimates for Q1
The Zacks Consensus Estimate for paid total streaming net membership gain is pegged at 3.719 million. Netflix gained 7.66 million paid subscribers globally, higher than its estimate of 4.5 million users in the fourth quarter of 2022.
The consensus mark for first-quarter 2023 APAC revenues is pegged at $928 million, indicating 1.2% growth from the figure reported in the year-ago quarter.
Our estimate for Asia-Pacific is pegged at $923.2 million, indicating 0.7% year-over-year growth.
The Zacks Consensus Estimate for Latin America (LATAM) revenues is pegged at $1.06 billion, suggesting almost 5.8% growth from the figure reported in the previous quarter.
Our estimate for LATAM revenues is pegged at $1.05 billion, indicating 5.4% year-over-year growth.
Moreover, the consensus mark for Europe, Middle East & Africa revenues is pegged at $2.57 billion, suggesting 0.4% growth from the figure reported in the year-ago quarter.
Our estimate for Europe, Middle East & Africa revenues is pegged at $2.52 billion, suggesting a 1.7% year-over-year decline.
The Zacks Consensus Estimate for the United States and Canada revenues stands at $3.590 billion, indicating 7.2% growth from the figure reported in the year-ago quarter.
Our estimate for the United States and Canada revenues stands at $3.64 billion, indicating 8.7% year-over-year growth.
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/performancefor information about the performance numbers displayed in this press release.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Baidu, Inc. (BIDU) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Tutor Perini Corporation (TPC) : 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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In addition, Zacks Equity Research provides analysis on Netflix NFLX, Disney's DIS and Apple's AAPL. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is a synopsis of all five stocks: Bull of the Day: Baidu, the $45 billion provider of search, advertising and cloud services often referred to as the "Google of China," has always been a leader in artificial intelligence for its nation as well.
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In addition, Zacks Equity Research provides analysis on Netflix NFLX, Disney's DIS and Apple's AAPL. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the consensus mark for Europe, Middle East & Africa revenues is pegged at $2.57 billion, suggesting 0.4% growth from the figure reported in the year-ago quarter.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Netflix NFLX, Disney's DIS and Apple's AAPL. The Zacks Consensus Estimate for Latin America (LATAM) revenues is pegged at $1.06 billion, suggesting almost 5.8% growth from the figure reported in the previous quarter.
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In addition, Zacks Equity Research provides analysis on Netflix NFLX, Disney's DIS and Apple's AAPL. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report To read this article on Zacks.com click here. And 2024 estimates are already projecting 25%+ growth, making the stock trade under a 10X P/E.
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2023-04-17 00:00:00 UTC
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Guru Fundamental Report for AAPL - Warren Buffett
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-warren-buffett-20
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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 Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 100% 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.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Warren Buffett
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. 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 Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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16312.0
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2023-04-17 00:00:00 UTC
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Alphabet falls on report Samsung considering Bing as default search engine
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AAPL
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https://www.nasdaq.com/articles/alphabet-falls-on-report-samsung-considering-bing-as-default-search-engine
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April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell over 4% in premarket trading on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices.
The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
Google's reaction to the threat was "panic" as the company earns an estimated $3 billion in annual revenue from the Samsung contract, the report said, citing internal messages.
Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added.
Alphabet and Samsung did not immediately respond to Reuters' requests for comment.
Google has for decades dominated the search market with a share of over 80%, but Wall Street fears the company could be falling behind Microsoft in a fast-moving AI race.
Parent firm Alphabet lost $100 billion in value on Feb. 8 after its new chatbot, Bard, shared inaccurate information in a promotional video and a company event failed to dazzle.
On Monday, the stock was trading down at $104.50, while Microsoft outperformed the broader market with a rise of 1.9%.
"Investors worry Google has become a lazy monopolist in search and the developments of the last couple of months have served as a wake-up call," Atlantic Equities analyst James Cordwell said.
Cordwell added the potential costs tied to making Google Search more competitive than AI-powered Bing could also be a cause of concern.
The NYT report said Google was racing to build an all-new AI-powered search engine that would offer a more personalized experience than its current service, which is also set to be upgraded with AI features.
(Reporting by Aditya Soni and Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))
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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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell over 4% in premarket trading on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT. Cordwell added the potential costs tied to making Google Search more competitive than AI-powered Bing could also be a cause of concern.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell over 4% in premarket trading on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell over 4% in premarket trading on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. Google has for decades dominated the search market with a share of over 80%, but Wall Street fears the company could be falling behind Microsoft in a fast-moving AI race.
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16313.0
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2023-04-17 00:00:00 UTC
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Apple CEO Cook to meet Indian PM Modi amid expansion - sources
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AAPL
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https://www.nasdaq.com/articles/apple-ceo-cook-to-meet-indian-pm-modi-amid-expansion-sources
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By Aditya Kalra and Munsif Vengattil
NEW DELHI, April 17 (Reuters) - Apple AAPL.O Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said.
The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports.
Cook will meet Modi on Wednesday in New Delhi, said the two sources, who included an Indian government official.
One of the sources added the Apple chief would also meet India's deputy IT minister Rajeev Chandrasekhar.
Modi's office declined to comment, while Apple and the IT ministry did not immediately respond to requests for comment.
The sources did not elaborate, but Cook's meetings come amid Apple's growing focus on India, the world's second-largest smartphone market.
Around $9 billion worth of smartphones were exported from India between April 2022 and February this year and iPhones accounted for more than 50% of that, data from the India Cellular and Electronics Association shows.
On Monday, Apple opened its first store in Mumbai, but only for a private event where bloggers and some tech analysts reviewed the design and store layout. It will open to the public from Tuesday, while a second store will be inaugurated inside a New Delhi mall on Thursday.
So far, Apple has sold its products in India via resellers or e-commerce websites such as Amazon.
The Mumbai store is in the premier Reliance Jio World Drive mall, home to luxury clothing and jewellery brands like Michael Kors, Kate Spade and Swarovski. It is 20,800 square feet, far bigger than the planned Delhi outlet, local registration documents show.
In India, iPhones are assembled by three of Apple's contract manufacturers - Foxconn 2317.TW, Wistron Corp 3231.TW and Pegatron Corp 4938.TW. Apple also plans to assemble iPads and AirPods in India.
(Reporting by Aditya Kalra and Munsif Vengattil in New Delhi and M. Sriram in Mumbai Additional reporting by Sanjeev Miglani Editing by Mark Potter)
((munsif.vengattil@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 Aditya Kalra and Munsif Vengattil NEW DELHI, April 17 (Reuters) - Apple AAPL.O Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports. The sources did not elaborate, but Cook's meetings come amid Apple's growing focus on India, the world's second-largest smartphone market.
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By Aditya Kalra and Munsif Vengattil NEW DELHI, April 17 (Reuters) - Apple AAPL.O Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports. The sources did not elaborate, but Cook's meetings come amid Apple's growing focus on India, the world's second-largest smartphone market.
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By Aditya Kalra and Munsif Vengattil NEW DELHI, April 17 (Reuters) - Apple AAPL.O Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports. The sources did not elaborate, but Cook's meetings come amid Apple's growing focus on India, the world's second-largest smartphone market.
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By Aditya Kalra and Munsif Vengattil NEW DELHI, April 17 (Reuters) - Apple AAPL.O Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports. In India, iPhones are assembled by three of Apple's contract manufacturers - Foxconn 2317.TW, Wistron Corp 3231.TW and Pegatron Corp 4938.TW.
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16314.0
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2023-04-17 00:00:00 UTC
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Alphabet shares fall on report Samsung may dump Google Search for Bing
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AAPL
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https://www.nasdaq.com/articles/alphabet-shares-fall-on-report-samsung-may-dump-google-search-for-bing
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Updates share movement
April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell nearly 4% on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices.
The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
Google's reaction to the threat was "panic" as the company earns an estimated $3 billion in annual revenue from the Samsung contract, the report said, citing internal messages.
Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added.
Alphabet and Samsung did not immediately respond to Reuters' requests for comment.
Google has for decades dominated the search market with a share of over 80%, but Wall Street fears the company could be falling behind Microsoft in a fast-moving AI race.
Parent firm Alphabet lost $100 billion in value on Feb. 8 after its new chatbot, Bard, shared inaccurate information in a promotional video and a company event failed to dazzle.
On Monday, the stock fell to $104.90 and erased nearly $50 billion from Alphabet's market capitalization. Microsoft, meanwhile, outperformed the broader market with a rise of 1%.
"Investors worry Google has become a lazy monopolist in search and the developments of the last couple of months have served as a wake-up call," Atlantic Equities analyst James Cordwell said.
Cordwell added the potential costs tied to making Google Search more competitive than AI-powered Bing could also be a cause of concern.
The NYT report said Google was racing to build an all-new AI-powered search engine that would offer a more personalized experience than its current service, which is also set to be upgraded with AI features.
(Reporting by Aditya Soni and Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))
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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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT. "Investors worry Google has become a lazy monopolist in search and the developments of the last couple of months have served as a wake-up call," Atlantic Equities analyst James Cordwell said.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. Updates share movement April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell nearly 4% on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. Cordwell added the potential costs tied to making Google Search more competitive than AI-powered Bing could also be a cause of concern.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. Updates share movement April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell nearly 4% on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine business face from Bing - a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.
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Another $20 billion is tied to a similar Apple AAPL.O contract that will be up for renewal this year, the report added. Updates share movement April 17 (Reuters) - Alphabet Inc GOOGL.O shares fell nearly 4% on Monday after a report that South Korea's Samsung Electronics 005930.KS was considering replacing Google with Microsoft-owned MSFT.O Bing as the default search engine on its devices. Google has for decades dominated the search market with a share of over 80%, but Wall Street fears the company could be falling behind Microsoft in a fast-moving AI race.
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16315.0
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2023-04-16 00:00:00 UTC
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Get In Now. 3 Stocks That Are Set to Soar.
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AAPL
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https://www.nasdaq.com/articles/get-in-now.-3-stocks-that-are-set-to-soar.
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As the market shows some stability, investors are looking for stocks to buy for the long term.
Some great stocks remain undervalued and look like bargains at their current prices, but for how long? With the benchmark S&P 500 index up 8% on the year and the technology-laden Nasdaq index up 16%, a recovery in the stock market is taking hold.
While we’re not yet in a bull market, the best stocks to buy are on the mend after a brutal selloff last year. Even famed Wall Street bear Michael Burry has turned positive on stocks to buy.
He recently took to Twitter to congratulate investors who have had the foresight to buy the dip in stocks, some of which have risen more than 100% over the last six months.
With the market on the recovery trail, we suggest investors consider getting in now on the following three stocks to buy that look set to soar.
AMZN Amazon $102.51
LLY Eli Lilly $374.73
AAPL Apple $165.21
Amazon (AMZN)
Source: Tada Images / Shutterstock.com
It’s been a rough ride for Amazon (NASDAQ:AMZN) stock over the past year. While many technology stocks have rebounded strongly this year, the e-commerce giant has not shared in the recovery. AMZN stock remains 35% lower today than where it was trading 12 months ago, and it is 46% below a peak reached during the pandemic in November 2021 when people were still forced to shop almost exclusively online for items ranging from toilet paper to computer monitors.
The good news is that a growing chorus of Wall Street analysts are forecasting the worst is likely over for AMZN stock and that it is on the cusp of rebounding. In March, JPMorgan Chase (NYSE:JPM) named Amazon stock its “best pick” and said that investor sentiment towards the shares is now at multi-year lows, indicating that a bottom is close. The company has been aggressively cutting costs through staff layoffs, warehouse closures, and canceled projects. A strong first-quarter earnings print and the stock could take off.
Eli Lilly (LLY)
Source: Jonathan Weiss / Shutterstock.com
Shares of pharmaceutical giant Eli Lilly (NYSE:LLY) have been trending higher on expectations that its weight loss drug called Tirzepatide is about to be approved by the U.S. Food and Drug Administration (FDA). In the past month, LLY stock has gained 15%, bringing its 12-month advance to 23%. However, once the drug is officially approved for commercial sale in America, it could be like lighting a fuse on a firecracker. Some analysts are predicting that Tirzepatide will be the biggest blockbuster drug of all time.
For its part, Eli Lilly is wasting no time getting ready for the approval of Tirzepatide, which is also called Mounjaro. The company is expanding its manufacturing capacity and investing in a television advertising campaign in anticipation of getting the green light from the FDA. Tirzepatide is already approved for use as a diabetes treatment, and its approval for weight loss is viewed by many as a formality, potentially giving Eli Lilly a new revenue bonanza.
Apple (AAPL)
Source: sylv1rob1 / Shutterstock.com
Another tech stock that could soar in coming months is consumer electronics giant Apple (NASDAQ:AAPL). The iPhone maker’s stock has been moving in fits and starts but has largely traded sideways over the last 18 months. AAPL stock is currently trading 4% below where it was at a year ago and is at the same level as in September 2022. Production problems in China, supply chain constraints, and waning demand coming out of the pandemic have all weighed on the stock.
However, like Amazon, a growing number of Wall Street analysts, including Wedbush Securities’ Dan Ives, have upgraded AAPL stock, noting that the share price is due for a strong rally. Analysts point to robust financials, an expected uptick in iPhone sales, and new product offerings such as an augmented reality headset as reasons to be bullish on Apple stock. The company has also gotten a vote of confidence from famed investor Warren Buffett who has continued buying the company’s shares throughout the current downturn.
On the date of publication, Joel Baglole held long positions in LLY and AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post Get In Now. 3 Stocks That Are Set to Soar. 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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However, like Amazon, a growing number of Wall Street analysts, including Wedbush Securities’ Dan Ives, have upgraded AAPL stock, noting that the share price is due for a strong rally. AMZN Amazon $102.51 LLY Eli Lilly $374.73 AAPL Apple $165.21 Amazon (AMZN) Source: Tada Images / Shutterstock.com It’s been a rough ride for Amazon (NASDAQ:AMZN) stock over the past year. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Another tech stock that could soar in coming months is consumer electronics giant Apple (NASDAQ:AAPL).
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AMZN Amazon $102.51 LLY Eli Lilly $374.73 AAPL Apple $165.21 Amazon (AMZN) Source: Tada Images / Shutterstock.com It’s been a rough ride for Amazon (NASDAQ:AMZN) stock over the past year. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Another tech stock that could soar in coming months is consumer electronics giant Apple (NASDAQ:AAPL). AAPL stock is currently trading 4% below where it was at a year ago and is at the same level as in September 2022.
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AMZN Amazon $102.51 LLY Eli Lilly $374.73 AAPL Apple $165.21 Amazon (AMZN) Source: Tada Images / Shutterstock.com It’s been a rough ride for Amazon (NASDAQ:AMZN) stock over the past year. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Another tech stock that could soar in coming months is consumer electronics giant Apple (NASDAQ:AAPL). AAPL stock is currently trading 4% below where it was at a year ago and is at the same level as in September 2022.
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AMZN Amazon $102.51 LLY Eli Lilly $374.73 AAPL Apple $165.21 Amazon (AMZN) Source: Tada Images / Shutterstock.com It’s been a rough ride for Amazon (NASDAQ:AMZN) stock over the past year. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Another tech stock that could soar in coming months is consumer electronics giant Apple (NASDAQ:AAPL). AAPL stock is currently trading 4% below where it was at a year ago and is at the same level as in September 2022.
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16316.0
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2023-04-16 00:00:00 UTC
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7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows
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AAPL
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https://www.nasdaq.com/articles/7-dividend-stocks-to-buy-that-are-backed-by-strong-cash-flows
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Many investors have heard the phrase “cash is king” relative to the current banking crisis. But it also has significance for dividend investors. A company’s cash flow, and particularly its free cash flow, is an important indicator for investors trying to determine how safe a dividend payout is. This article highlights seven dividend stocks with strong cash flows. And I’ve put an emphasis on free cash flow.
Free cash flow is simply the money a company has left (or free to use) after it has paid operating expenses and capital expenditures. This lets investors know how much cash a company can devote to things like paying down debt, stock buybacks, and dividends.
When interest rates were near 0%, money was essentially free and businesses could borrow money freely. Those days are over, and that means the playbook for many investors has to change. This is a time to look for companies that have a history of delivering a strong free cash flow. These seven companies all have a history of delivering strong free cash flow that should make the dividend payments safe and, in many cases, growing. That’s a formula that works regardless of what’s happening in the economy.
AAPL Apple $165.21
WHR Whirlpool $134.95
DOW Dow $56.50
HCA HCA Healthcare $273.35
NUE Nucor $146.19
ACN Accenture $279.25
AMGN Amgen $250.00
Apple (AAPL)
Source: jittawit21/Shutterstock.com
When talking about dividend stocks with strong cash flows, it’s hard not to start with Apple (NASDAQ:AAPL). To be fair, many investors don’t consider Apple to be a dividend stock, and I count myself among them. I’ve always said Apple is a growth stock that happens to pay a dividend.
Nevertheless, Apple generated a whopping $111.44 billion in free cash flow. Equally impressively, that was a 19.8% increase from the prior year. You can chalk that up to a profit margin of nearly 25%, an amount that’s approximately four times higher than the sector average.
Because Apple is still on a growth trajectory, it only pays out a small percentage of its free cash flow as a dividend. In 2022, that amounted to about $14 billion. But that only means that the dividend is well supported even if, as expected, many tech companies deliver weaker earnings in 2023.
And based on past history, investors are due for a dividend increase which may be coming as early as this upcoming quarter.
Whirlpool (WHR)
Source: iQoncept/shutterstock.com
With a dividend yield of 5.22%, I wouldn’t blame you for thinking of Whirlpool (NYSE:WHR) as a possible yield trap. The appliance giant’s fortunes are inexorably linked to the health of the housing market. And right now, the patient is in critical condition.
That whacked about 50% of the company’s free cash flow in 2022. But the company is taking some aggressive steps to cut costs. The largest of which is an almost complete divestiture of its European business. That is expected to be realized in free cash flow in 2024.
In the meantime, the company expects some easing to the current undersupply condtions created by a weak housing market sometime in late 2023. That supports its forecast for approximately $800 million in FCF for 2023. And a current annual payout of $7 per share should be more than enough to keep investors interested at a time when growth will still be hard to come by.
Dow Inc. (DOW)
Source: Shutterstock
Like Whirlpool, Dow Inc. (NYSE:DOW) is a company that provides the best returns for shareholders when the manufacturing sector is strong. But with a dividend yield of 4.93% and an annual payout of $2.80 per share, DOW stock is an appealing choice for buy-and-hold investors.
Dow was an unquestioned winner during the pandemic, but it’s been a rough last 12 months for DOW stock. Still, it’s only down 11% in the last 12 months buoyed by an 8.8% gain in the month ending on April 13. And despite the stock having a down year in 2022, the company still generated free cash flow of $5.64 billion that easily supports a dividend payout of $2 billion for which the company says it’s dividend policy targets approximately 45% of its net income. And for good measure, Dow bought back $2.3 billion of its stock in 2022.
HCA Healthcare (HCA)
Source: Shutterstock
When you’re looking for dividend stocks with strong cash flows, you have to look at the healthcare sector. And that’s where you’ll find HCA Healthcare (NYSE:HCA). The company operates in approximately 180 hospitals and at around 2,000 points of care throughout the United States. That’s a massive footprint.
That’s evident in the company’s balance sheet which includes strong free cash flow. In 2022, FCF came in at $4.12 billion. That was down from 2020 and 2021, but it’s still well above pre-pandemic levels. The company has a profit margin of over 9% which is approximately double the sector average. That supports a forecast for earnings per share to grow around 12% over the next five years. And all of that will be plenty to support the $653 million the company paid in dividends in 2022.
Since the beginning of the year, analysts have started to boost their price targest for HCA stock which enjoys about 66% institutional ownership.
Nucor (NUE)
Source: Shutterstock
Nucor (NYSE:NUE) is America’s largest steel producer. And it’s self-described as one of the most efficient and cleanest steel producers in the world. That should be enough to grab the attention of ESG investors.
Or maybe not. NUE stock is down about 9% in the last 12 months and despite a strong rally to start the year, the stock is down about 5% in the 30 days ending April 13.
Perhaps that’s based on recession fears that will overcome any bounce the steel industry would expect from the infrastructure act. Even so, the fundamental story for buying NUE stock is still in place. And while the last quarter suggests that it will be tough to maintain the strong growth it showed in 2021 and most of 2022, analysts still give the stock about a 9% upside from its current levels. The company generated $8.12 billion in 2022. While that’s unlikely to continue, the dividend payout was only $533 million so investors should feel quite secure.
Accenture (ACN)
Source: Shutterstock
If you’re an investor who is looking to ride the hot hand, Accenture (NYSE:ACN) is a solid choice. The company specializes in using artificial intelligence in its consulting and IT services. On its most recent earnings call, the company cited how it has been using generative AI from its earliest stages and is well positioned to help its clients benefit from this technology.
With a P/E ratio of over 26x earnings, ACN stock doesn’t come cheap. But for a tech stock, it’s not horribly expensive either. Analysts seem to agree. They give ACN stock a consensus price target that’s about 11% above its current level.
In 2022, Accenture generated free cash flow of $8.82 billion and it’s forecasting FCF between $8 billion to $8.5 billion in 2023. The company paid out $2.45 billion in dividends last year. That means investors can look forward to the dividend, which currently pays out $4.48 annually per share to continue, and likely to grow, this year.
Amgen (AMGN)
The last stock on this list of dividend stocks with strong cash flows is Amgen (NASDAQ:AMGN). When considering stocks in the biopharmaceutical sector, you always must pay attention to the pipeline. Amgen is well known for its cancer drug Enbrel.
Although Enbrel has been losing patent protection for the past decade, the company’s savvy efforts at building a patent thicket ensure that it will retain some patent protection for the next 12 years. And two of the patents that are crucial to its pricing power remain in place for at least another five years.
But even if the company loses some revenue from Enbrel, it has other drugs that are helping to pickup the slack. Investors will learn more when the company reports earnings at the end of April. But if you’re a long-term investor, AMGN stock looks very attractive. The company delivered free cash flow of $8.58 billion in 2022 with a dividend payout of just $4.19 billion.
Analysts are lukewarm about the near-term prospects for AMGN stock. But if you have a long-term time horizon, this looks like a value at its current level.
On the date of publication, Chris Markoch had a LONG position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
The post 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows 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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AAPL Apple $165.21 WHR Whirlpool $134.95 DOW Dow $56.50 HCA HCA Healthcare $273.35 NUE Nucor $146.19 ACN Accenture $279.25 AMGN Amgen $250.00 Apple (AAPL) Source: jittawit21/Shutterstock.com When talking about dividend stocks with strong cash flows, it’s hard not to start with Apple (NASDAQ:AAPL). On the date of publication, Chris Markoch had a LONG position in AAPL. These seven companies all have a history of delivering strong free cash flow that should make the dividend payments safe and, in many cases, growing.
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AAPL Apple $165.21 WHR Whirlpool $134.95 DOW Dow $56.50 HCA HCA Healthcare $273.35 NUE Nucor $146.19 ACN Accenture $279.25 AMGN Amgen $250.00 Apple (AAPL) Source: jittawit21/Shutterstock.com When talking about dividend stocks with strong cash flows, it’s hard not to start with Apple (NASDAQ:AAPL). On the date of publication, Chris Markoch had a LONG position in AAPL. And despite the stock having a down year in 2022, the company still generated free cash flow of $5.64 billion that easily supports a dividend payout of $2 billion for which the company says it’s dividend policy targets approximately 45% of its net income.
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AAPL Apple $165.21 WHR Whirlpool $134.95 DOW Dow $56.50 HCA HCA Healthcare $273.35 NUE Nucor $146.19 ACN Accenture $279.25 AMGN Amgen $250.00 Apple (AAPL) Source: jittawit21/Shutterstock.com When talking about dividend stocks with strong cash flows, it’s hard not to start with Apple (NASDAQ:AAPL). On the date of publication, Chris Markoch had a LONG position in AAPL. A company’s cash flow, and particularly its free cash flow, is an important indicator for investors trying to determine how safe a dividend payout is.
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AAPL Apple $165.21 WHR Whirlpool $134.95 DOW Dow $56.50 HCA HCA Healthcare $273.35 NUE Nucor $146.19 ACN Accenture $279.25 AMGN Amgen $250.00 Apple (AAPL) Source: jittawit21/Shutterstock.com When talking about dividend stocks with strong cash flows, it’s hard not to start with Apple (NASDAQ:AAPL). On the date of publication, Chris Markoch had a LONG position in AAPL. But that only means that the dividend is well supported even if, as expected, many tech companies deliver weaker earnings in 2023.
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16317.0
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2023-04-16 00:00:00 UTC
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Up 19% in 2023, Is It Safe to Invest in the Nasdaq Right Now?
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AAPL
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https://www.nasdaq.com/articles/up-19-in-2023-is-it-safe-to-invest-in-the-nasdaq-right-now
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nan
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nan
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The Nasdaq 100 is one of the most popular indexes to track the market's performance, and you can purchase the Invesco QQQ ETF (NASDAQ: QQQ) to invest in it. It's often denoted as the "tech-heavy Nasdaq" when the media discusses it, thanks to its heavy concentration in tech companies. With the index up more than 19% this year, investors might wonder if it's time to look elsewhere after such a strong start.
While it's true that the index has started the year off tremendously, it doesn't paint the complete picture. So let's look at this index and see what the rest of 2023 might have in store.
The strong 2023 performance was caused by a weak 2022
Looking at the top 10 components of an index is a great way to see what stocks drive performance.
COMPANY WEIGHTING YTD PERFORMANCE 2022 PERFORMANCE
Microsoft 12.8% 20.7% (28.7%)
Apple 12.4% 24.7% (26.8%)
Amazon 6.2% 21.6% (49.6%)
Nvidia 5.1% 88.7% (50.3%)
Alphabet (Class A Shares) 3.9% 20.6% (39.1%)
Alphabet (Class C Shares) 3.7% 20.5% (38.7%)
Meta Platforms 3.7% 78.5% (64.2%)
Tesla 3.5% 49.8% (65%)
PepsiCo 2% 1.4% 4%
Data sources: Slickcharts and YCharts. YTD = Year to date. Note: Weighting and performance as of April 10.
As you can see, the Nasdaq 100 is top-heavy, with those 10 big stocks comprising 53.3% of the index. This means the performance of this cohort will significantly drive the index's overall performance. With nearly every company (except for Pepsi) up more than 20% in 2023, it's no wonder the index as a whole is doing quite well.
Additionally, looking at 2022's performance helps put the rebound in 2023 in context. With many of the top 10 components down by 40% or more last year, a strong recovery in 2023 is only a fraction of what it would take to regain the levels when most shares peaked in 2021.
With that in mind, could the Nasdaq 100 move even higher throughout the rest of 2023?
The direction of the index could change in just a few weeks
The market tends to look forward when determining what to do with a stock. For example, in 2022, everyone was worried about a recession, so stock prices fell in anticipation of that event. However, the recession never came (the two straight quarters of U.S. gross domestic product decline last year was never declared an official recession), and the economy has powered on, even if at a slower pace.
Still, with the Federal Reserve continuing to raise interest rates to quell inflation, a recession could ensue, but that's not what stock prices indicate.
With many of these stocks being sold off last year in anticipation of the recession, they looked extremely undervalued when it didn't come. That's what's driving the current performance. Plus, many of these companies predicted last year the consumer would recover by late 2023 or early 2024, so the markets are moving ahead of that shift.
If these companies issue weak forecasts in their first-quarter reports (investors will start hearing from them in late April) for the rest of the year, don't be surprised if the index reverses course and moves lower. However, if they tell investors that the end of 2023 remains the recovery target, the Nasdaq 100 will continue increasing.
Regardless of what happens, that's a small window to look at an index. Over the long term, companies such as Amazon, Alphabet, and Tesla have massive long-term tailwinds blowing in their favor and will likely perform strongly over the next decade with their tech focus.
This makes the Nasdaq 100 one of the best indexes to park your investment dollars in. While the index's performance over the next year could be predicted with a coin flip, I'm confident that the long-term trend of the Nasdaq 100 is up, and investors shouldn't hesitate to purchase some QQQ shares to track it.
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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. Keithen Drury has positions in Alphabet, Amazon.com, Invesco Qqq Trust, Series 1, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If these companies issue weak forecasts in their first-quarter reports (investors will start hearing from them in late April) for the rest of the year, don't be surprised if the index reverses course and moves lower. Over the long term, companies such as Amazon, Alphabet, and Tesla have massive long-term tailwinds blowing in their favor and will likely perform strongly over the next decade with their tech focus. While the index's performance over the next year could be predicted with a coin flip, I'm confident that the long-term trend of the Nasdaq 100 is up, and investors shouldn't hesitate to purchase some QQQ shares to track it.
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Microsoft 12.8% 20.7% (28.7%) Apple 12.4% 24.7% (26.8%) Amazon 6.2% 21.6% (49.6%) Nvidia 5.1% 88.7% (50.3%) Alphabet (Class A Shares) 3.9% 20.6% (39.1%) Alphabet (Class C Shares) 3.7% 20.5% (38.7%) Meta Platforms 3.7% 78.5% (64.2%) Tesla 3.5% 49.8% (65%) PepsiCo 2% 1.4% 4% Data sources: Slickcharts and YCharts. Keithen Drury has positions in Alphabet, Amazon.com, Invesco Qqq Trust, Series 1, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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The Nasdaq 100 is one of the most popular indexes to track the market's performance, and you can purchase the Invesco QQQ ETF (NASDAQ: QQQ) to invest in it. The strong 2023 performance was caused by a weak 2022 Looking at the top 10 components of an index is a great way to see what stocks drive performance. While the index's performance over the next year could be predicted with a coin flip, I'm confident that the long-term trend of the Nasdaq 100 is up, and investors shouldn't hesitate to purchase some QQQ shares to track it.
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The Nasdaq 100 is one of the most popular indexes to track the market's performance, and you can purchase the Invesco QQQ ETF (NASDAQ: QQQ) to invest in it. If these companies issue weak forecasts in their first-quarter reports (investors will start hearing from them in late April) for the rest of the year, don't be surprised if the index reverses course and moves lower. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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16318.0
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2023-04-16 00:00:00 UTC
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2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid
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AAPL
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https://www.nasdaq.com/articles/2-warren-buffett-stocks-to-buy-hand-over-fist-and-1-to-avoid-7
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nan
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nan
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Warren Buffett holds 49 stocks in the Berkshire Hathaway portfolio, and each one is scrutinized and pored over by investors each quarter as they look to gain insight into what one of the world's greatest investors is thinking. They want to know why he invests in those stocks and what -- if any -- changes he made (and why).
Take the last quarterly report, for example. In Q4, he didn't add any new names to the portfolio and only increased his position in three stocks: Apple, Louisiana-Pacific, and Paramount Global. He trimmed his positions in several stocks, including big financial names like US Bancorp, Ally Financial, and Bank of New York Mellon.
Buffett doesn't typically elaborate on his moves, but one thing we do know by his actions is he loves financial stocks especially given one-third of his holdings reside in that sector. The finance arena, particularly the banking portion of it, has been knocked down this past quarter, but there are some bargains there. Here are two Buffett stocks that look like good buys, followed by one I'd avoid right now.
The good stocks
The two financial stocks that look like good buys right now are Bank of America (NYSE: BAC) and Visa (NYSE: V).
Let's start with Bank of America. This is the second-largest bank in the country and the second-biggest holding in Buffett's portfolio, representing about 11.2% of total assets. Only Apple has a greater weight in Buffett's portfolio.
Bank of America took a hit in March, when two banks, Silicon Valley Bank (a subsidiary of SVB Financial) and Signature Bank failed after a run on deposits. All banks saw their stock prices drop in the ensuing sell-off, including Bank of America, which is down about 11% year to date as of April 14.
But the reality is, large banks, which are subject to stress testing and liquidity requirements because of the Dodd-Frank Act of 2010, were less affected by the bank failures. In fact, the mega banks, including Bank of America, saw a surge of new deposits, as there was a flight to stability among banking customers.
What this did was bring down Bank of America's valuation to a very attractive level. It has a price-to-earnings ratio of just 9, down from 11.5 a year ago, and it's trading below its book value, with a price-to-book ratio of 0.94. These are both flashing lights that the stock is undervalued.
Analysts on average project a $36 price target for Bank of America stock, which would suggest a 22% gain from current levels. However, if there is a recession, Bank of America could struggle if lending decreases, credit quality deteriorates, and investment banking remains depressed. But long term, it is just too cheap, and too good a company to ignore.
Buffett has a more modest position in Visa, the credit card giant, at about 0.58% of the portfolio. But Visa has proven to be an all-weather stock over the past few years. While it has underperformed the S&P 500 during the past three years, with a 9.7% annual return versus a 13.7% annual return for the S&P 500, it has been much less volatile. In fact, over the past year, it's up 9.6%, while the benchmark is down 7.1%.
And Visa's long-term returns are stellar: It has posted an 18.7% annual gain over the past 10 years, almost double the S&P 500's 9.9% annual return during that span.
As one of just two major credit processing networks, Visa is part of a duopoly, and with its highly efficient business model, it generates huge margins that allow it to outperform in good markets and bad.
The other benefit right now is Visa's attractive valuation. This has been one of the best growth stocks over the past decade, and it has a forward P/E of about 27, which is down from about 31 a year ago. With its duopoly, its efficiency, and its valuation, Visa is a good long-term buy right now.
The not-so-good stock
Buffett and his team have much more experience and knowledge than just about anyone, professionals included, so stocks they invest in are holdings for good reason.
But if I were to whittle down the Buffett portfolio and lop off a few names, Citigroup (NYSE: C) would be on that list. He just added the stock last year, but Citigroup has long underperformed its megabank peers, including Bank of America.
It has been in turnaround mode, refocusing on its strengths, improving its controls, cutting costs, and shedding underperforming ventures, but these efforts are all underway and there's a great deal of uncertainty if they will work, and how long it will take.
It has outperformed Bank of America, up about 10% this year, and is very cheap, but if I'm investing in a bank stock, it's going to be Bank of America, JPMorgan Chase, or even US Bancorp, another Buffett holding. They have just been better, more efficient banks over the long haul.
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Ally is an advertising partner of The Ascent, a Motley Fool company. SVB Financial provides credit and banking services to The Motley Fool. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, JPMorgan Chase, SVB Financial, and Visa. 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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Buffett doesn't typically elaborate on his moves, but one thing we do know by his actions is he loves financial stocks especially given one-third of his holdings reside in that sector. As one of just two major credit processing networks, Visa is part of a duopoly, and with its highly efficient business model, it generates huge margins that allow it to outperform in good markets and bad. It has been in turnaround mode, refocusing on its strengths, improving its controls, cutting costs, and shedding underperforming ventures, but these efforts are all underway and there's a great deal of uncertainty if they will work, and how long it will take.
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The good stocks The two financial stocks that look like good buys right now are Bank of America (NYSE: BAC) and Visa (NYSE: V). See the 10 stocks *Stock Advisor returns as of April 10, 2023 Ally is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, JPMorgan Chase, SVB Financial, and Visa.
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The good stocks The two financial stocks that look like good buys right now are Bank of America (NYSE: BAC) and Visa (NYSE: V). Bank of America took a hit in March, when two banks, Silicon Valley Bank (a subsidiary of SVB Financial) and Signature Bank failed after a run on deposits. It has outperformed Bank of America, up about 10% this year, and is very cheap, but if I'm investing in a bank stock, it's going to be Bank of America, JPMorgan Chase, or even US Bancorp, another Buffett holding.
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With its duopoly, its efficiency, and its valuation, Visa is a good long-term buy right now. He just added the stock last year, but Citigroup has long underperformed its megabank peers, including Bank of America. It has outperformed Bank of America, up about 10% this year, and is very cheap, but if I'm investing in a bank stock, it's going to be Bank of America, JPMorgan Chase, or even US Bancorp, another Buffett holding.
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2023-04-16 00:00:00 UTC
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3 Warren Buffett Stocks Worth Buying
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AAPL
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https://www.nasdaq.com/articles/3-warren-buffett-stocks-worth-buying
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In times of uncertainty, investors will often look toward the relative safety of companies known to have earned a spot in Warren Buffett's portfolio. Often considered to be one of the greatest capital allocators ever, Buffett has used his investing prowess to parlay a struggling textile manufacturer into one of the largest and strongest cash-generating companies around. With that reputation and history, it's no wonder people are willing to follow Buffett into the stocks he owns and even into being part-owners of his holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B).
Although following the crowd is rarely a path to market-trouncing returns, if there's any investor that might be worth following even when others are doing the same, it'd be Buffett. Three Motley Fool contributors got together to look through Buffett's list of holdings to see if any are worth considering buying today. They chose Apple (NASDAQ: AAPL), Taiwan Semiconductor (NYSE: TSM), and Berkshire Hathaway itself. Read on to find out why and decide for yourself whether any of them are worth a slot in your portfolio.
Take a monster bite of this one
Eric Volkman (Apple): Remember the great tech stock slump of 2022? Well, that's now quite some time in the past, with many companies in the sector beating the market lately. One that has done so, and that looks set to continue that performance, is habitual outpacer Apple.
Buffett and Berkshire are huge believers in Apple's potential. At the end of 2022, the stock constituted 44% of Berkshire's equity portfolio. By contrast, the next-largest holding in terms of percentage -- Bank of America -- came in at less than 9%.
This faith is entirely justified. Apple has been successful in every major endeavor it's undertaken recently. Its products are mainstays with consumers around the globe, which is particularly impressive given that they've been on the market for over a decade and a half now. The typical shelf life for a hot electronic gadget line tends to be a few years, at best.
Apple has managed to build an ecosystem around the devices that continuously and strongly rakes in money; sooner or later, iPhone users are going to be tempted to buy an app or make an in-app purchase. No prizes for guessing which party typically gets a 30% cut of every single one of those sales. (It's Apple.)
Meanwhile, the company is as restless as it was in those long-ago days when founders Steve Jobs and Steve Wozniak were tinkering around in a California garage. With the introduction in late 2020 of its proprietary and very powerful M1 chip, Apple has dramatically upped the performance of its Mac computers and its MacBook laptops, keeping those products top-of-class and on many a shopping list.
Even with its recent price appreciation, the company's stock still looks cheap on its key valuations. Forward P/E -- using earnings estimates -- is just under 28, which is attractive given the many double-digit leaps in both profitability and revenue Apple has effortlessly managed in the past, plus the great potential it holds as a top tech innovator and a maker of irresistibly cool gadgets.
Buffett may have sold, but I'm looking to buy more
Jason Hall (Taiwan Semiconductor): Suggesting this stock may seem counter to following Buffett's thinking, considering that Berkshire actually sold almost 90% of its stake in Taiwan Semiconductor, better known as TSMC, less than a year after making a multibillion-dollar investment in the company. So why am I taking the contrarian position on TSMC? In short, because the reasons Buffett stated for selling, including concerns about geopolitical risk, are things I am willing to risk. I'm also not investing $4 billion of capital that belongs to other shareholders.
TSMC is one of the most important companies on earth, with a massive economic moat as the contract manufacturer of the most advanced semiconductors, and a massive share of all the prior generations that are still viable. Its scale and the trust it's earned result in massive network effect strengths, and that results in both pricing power and major cost advantages. It can make chips cheaper -- and more profitably -- than anyone else.
But concerns about potential conflict between China and Taiwan and the ongoing lull in semiconductor demand have weighed on the stock price, and I think that makes it too attractive to ignore. At recent prices, it trades for 13 times trailing earnings and 8.3 times operating cash flow. Its earnings and cash flow may suffer in 2023, but the next decade is primed to be very good for semiconductor stocks and that's going to be good news for TSMC.
The granddaddy of all Buffett stocks
Chuck Saletta (Berkshire Hathaway): There is one Buffett stock that represents a business that Buffett himself built. The company behind that stock is so strong that the biggest criticism many people can levy against it is that it has and generates too much cash. Of course, all that cash came in handy during the global financial crisis, when Buffett was able to invest it to bail out some troubled financial titans.
The stock, of course, is Berkshire Hathaway. What makes it so powerful isn't just the fact that Buffett himself sits at the helm of the business, but that it managed to generate nearly $35 billion in operating cash flow over the past year. That's $35 billion new dollars that can be reinvested to shore up what is already a diversified conglomerate.
When its subsidiaries are included, Berkshire Hathaway covers industries from insurance to power generation, and from furniture to food. It even owns a railroad to help move materials across large swaths of the country. All that adds up to a business that will have consumer demand pretty much no matter what the overall economy is doing.
That broad demand, strong cash stockpile, and incredible ability to keep generating new cash makes Berkshire Hathaway a great company to consider owning in uncertain times. When you add the fact that the company is available for around 1.5 times its book value, Berkshire Hathaway starts to look like an incredibly strong business available at a surprisingly reasonable price. That combination is what makes it a Buffett stock worth considering as an investment today.
Follow the best
In over a half century at the helm of Berkshire Hathaway, Buffett has navigated his way through all sorts of economic conditions. If you're not sure what to invest in today, given all the uncertainty, you could do far worse than to be inspired by the stocks he owns. Whether Apple, Taiwan Semiconductor, or Berkshire Hathaway itself makes the cut for you, or whether you find more to like in a different Buffett stock, you're on the right path.
By making today the day you start digging into what to buy, you'll get yourself that much closer to finding what could turn out to be your next great investment.
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*Stock Advisor returns as of April 10, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Chuck Saletta has no position in any of the stocks mentioned. Eric Volkman has positions in Apple. Jason Hall has positions in Berkshire Hathaway and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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They chose Apple (NASDAQ: AAPL), Taiwan Semiconductor (NYSE: TSM), and Berkshire Hathaway itself. Apple has managed to build an ecosystem around the devices that continuously and strongly rakes in money; sooner or later, iPhone users are going to be tempted to buy an app or make an in-app purchase. With the introduction in late 2020 of its proprietary and very powerful M1 chip, Apple has dramatically upped the performance of its Mac computers and its MacBook laptops, keeping those products top-of-class and on many a shopping list.
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They chose Apple (NASDAQ: AAPL), Taiwan Semiconductor (NYSE: TSM), and Berkshire Hathaway itself. With that reputation and history, it's no wonder people are willing to follow Buffett into the stocks he owns and even into being part-owners of his holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). That broad demand, strong cash stockpile, and incredible ability to keep generating new cash makes Berkshire Hathaway a great company to consider owning in uncertain times.
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They chose Apple (NASDAQ: AAPL), Taiwan Semiconductor (NYSE: TSM), and Berkshire Hathaway itself. Buffett may have sold, but I'm looking to buy more Jason Hall (Taiwan Semiconductor): Suggesting this stock may seem counter to following Buffett's thinking, considering that Berkshire actually sold almost 90% of its stake in Taiwan Semiconductor, better known as TSMC, less than a year after making a multibillion-dollar investment in the company. The granddaddy of all Buffett stocks Chuck Saletta (Berkshire Hathaway): There is one Buffett stock that represents a business that Buffett himself built.
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They chose Apple (NASDAQ: AAPL), Taiwan Semiconductor (NYSE: TSM), and Berkshire Hathaway itself. (It's Apple.) The stock, of course, is Berkshire Hathaway.
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2023-04-16 00:00:00 UTC
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2 Warren Buffett Stocks With 16% and 25% Downside, According to Wall Street
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https://www.nasdaq.com/articles/2-warren-buffett-stocks-with-16-and-25-downside-according-to-wall-street
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It's no secret that Warren Buffett has a knack for picking great stocks. His investing expertise has helped Berkshire Hathaway build a $308 billion portfolio, and several positions in that portfolio have grown multiple times in value, including American Express and Coca-Cola. But Buffett still loses money on occasion, and two Wall Street analysts are forecasting declines in two of his stocks.
Walter Piecyk of LightShed Ventures recently downgraded Apple (NASDAQ: AAPL) to sell, slapping the consumer electronics giant with a 12-month price target of $120 per share, which implies 25% downside from its current price. Meanwhile, Patrick Colville of Scotiabank recently raised his 12-month price target on Snowflake (NYSE: SNOW) to $125 per share, but that still implies 16% downside from its current price.
Here's what investors should know.
Apple: 25% implied downside
Brand Finance recently recognized Apple as the second most valuable brand in the world. Its lineup of trendy electronics has inspired tremendous consumer loyalty, while affording the company significant pricing power.
Apple's brand authority has helped it achieve a strong competitive position in several end markets. In the fourth quarter, the company led the world in smartphone and smartwatch sales, and it has long been a leader in tablet sales.
Apple also has a thriving services business. Its installed base now exceeds 2 billion devices globally, up from 1 billion in 2016, and the company monetizes its massive user base with App Store fees and payments services, as well as subscription products like cloud storage and streaming content. And it has a strong competitive position in several of those markets as well.
For instance, the Apple App Store generated twice as much revenue as Alphabet's Google Play Store last year, and mobile app sales are expected to grow at 14% annually through 2026, according to Sensor Tower. Apple Wallet is the most popular in-store mobile payment option in the U.S., and global mobile-wallet revenue is expected to grow at 27% annually through 2030.
However, Apple missed revenue and earnings estimates in the fourth quarter as economic headwinds weighed on consumer spending. In fact, the company suffered its largest quarterly sales decline since 2016, as revenue dropped 5% to $117 billion. The current quarter could be even worse. According to IDC, Mac shipments fell 40% in the first quarter, the biggest decline among the five largest computer makers. That portends weak growth in other areas.
Currently, Apple stock trades at 27.3 times sales, above the five-year average of 24.4 times sales. That valuation multiple, coupled with inflationary headwinds, could certainly trigger a 25% drawdown in the share price.
For that reason, investors should avoid buying this FAANG stock right now. But Apple is a wonderful business, and patient investors have no reason to sell. In fact, if the share price does indeed drop 25%, it could be a buying opportunity.
Snowflake: 16% implied downside
Snowflake helps businesses manage and make sense of big data, a value proposition that should become increasingly relevant in the future.
Businesses already generate a tremendous amount of data, but the volume is growing due to digital transformation projects. However, data is often siloed across disparate systems, making it difficult to use. But businesses that solve that problem stand to gain a competitive edge over their peers, and the Snowflake Data Cloud was engineered to meet that need.
The Snowflake Data Cloud supports more workloads from a single platform than any other solution on the market, allowing clients to ingest, store, analyze, and share data sets without managing the underlying infrastructure.
Snowflake also provides tools for data transformation, a prerequisite for artificial intelligence and machine learning, and it offers resources for data-drive application development. The broad range of capabilities accessible through the Data Cloud, coupled with its infrastructure-neutral strategy -- meaning it runs across all three major public clouds -- has translated into strong demand and consistently solid financial results.
Not surprisingly, Snowflake beat top- and bottom-line estimates in the most recent quarter. Revenue increased 54% to $589 million, and free cash flow soared 193% to $205 million. That was driven by a 31% increase in customers, and a 58% increase in the average spend per customer.
But management expects revenue growth to decelerate to 40% in fiscal 2024 (which ends Jan. 31, 2024) as businesses tighten their budgets in response to economic uncertainty.
Currently, Snowflake stock trades at 22.2 times sales, a significant discount to the historical average of 73.8, but still a pricey valuation. That will likely translate into near-term volatility, and the stock could indeed slip 16% (or more) over the next year.
But patient investors have good reason to be optimistic. Snowflake has a differentiated product in a market that management values at $248 billion. If the stock price does indeed slip in the coming months, investors should consider buying a few shares of this growth stock.
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American Express is an advertising partner of The Ascent, a Motley Fool company. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Berkshire Hathaway, and Snowflake. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Walter Piecyk of LightShed Ventures recently downgraded Apple (NASDAQ: AAPL) to sell, slapping the consumer electronics giant with a 12-month price target of $120 per share, which implies 25% downside from its current price. Apple Wallet is the most popular in-store mobile payment option in the U.S., and global mobile-wallet revenue is expected to grow at 27% annually through 2030. But businesses that solve that problem stand to gain a competitive edge over their peers, and the Snowflake Data Cloud was engineered to meet that need.
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Walter Piecyk of LightShed Ventures recently downgraded Apple (NASDAQ: AAPL) to sell, slapping the consumer electronics giant with a 12-month price target of $120 per share, which implies 25% downside from its current price. For instance, the Apple App Store generated twice as much revenue as Alphabet's Google Play Store last year, and mobile app sales are expected to grow at 14% annually through 2026, according to Sensor Tower. Snowflake: 16% implied downside Snowflake helps businesses manage and make sense of big data, a value proposition that should become increasingly relevant in the future.
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Walter Piecyk of LightShed Ventures recently downgraded Apple (NASDAQ: AAPL) to sell, slapping the consumer electronics giant with a 12-month price target of $120 per share, which implies 25% downside from its current price. Currently, Apple stock trades at 27.3 times sales, above the five-year average of 24.4 times sales. If the stock price does indeed slip in the coming months, investors should consider buying a few shares of this growth stock.
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Walter Piecyk of LightShed Ventures recently downgraded Apple (NASDAQ: AAPL) to sell, slapping the consumer electronics giant with a 12-month price target of $120 per share, which implies 25% downside from its current price. Snowflake: 16% implied downside Snowflake helps businesses manage and make sense of big data, a value proposition that should become increasingly relevant in the future. If the stock price does indeed slip in the coming months, investors should consider buying a few shares of this growth stock.
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16321.0
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2023-04-16 00:00:00 UTC
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Warren Buffett Owns 2 Stocks in the $1 Trillion Club. Are They No-Brainer Buys Now?
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AAPL
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https://www.nasdaq.com/articles/warren-buffett-owns-2-stocks-in-the-%241-trillion-club.-are-they-no-brainer-buys-now
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You won't see Warren Buffett buy small-cap stocks very often. That's mainly because Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is so big itself, investing in small companies doesn't move the needle enough. And Berkshire's buying could make the share prices of these small companies skyrocket too much.
Instead, Berkshire's portfolio primarily consists of large companies. Some are much larger than others, though. Buffett owns two stocks in the $1 trillion club. Are they no-brainer buys now?
Who says Buffett doesn't like tech stocks?
Buffett shied away from tech stocks for years. He likes to focus on businesses that are in his wheelhouse. Technology simply wasn't a great fit for him. However, things changed after the hiring of investment managers Todd Combs and Ted Weschler in 2010 and 2011, respectively.
Today, it's not an understatement to say that Buffett loves at least one tech stock. A whopping 44% of Berkshire's portfolio is invested in Apple (NASDAQ: AAPL). This percentage includes shares of the tech giant owned by Berkshire subsidiary New England Asset Management.
Buffett's big bet on Apple has paid off nicely. The company now sports a market cap of around $2.57 trillion. Berkshire's stake is worth more than $149 billion.
Either Combs or Weschler was also behind Berkshire's purchase in 2019 of Amazon (NASDAQ: AMZN) stock. Buffett acknowledged, however, that he had "been a fan" of the company and was "an idiot for not buying" the stock sooner.
Berkshire didn't build up its position in Amazon as it did with Apple. However, the e-commerce and cloud hosting leader's market cap narrowly tops $1 trillion today. Berkshire's stake is worth around $1.06 billion.
Huge opportunities
Apple can count on strong recurring revenue thanks to its fast-growing services business. Wedbush analyst Daniel Ives thinks that Apple's services business alone is worth between $1.2 trillion and $1.3 trillion.
The company also has significant opportunities with future product innovations. There's a lot of interest in Apple's mixed-reality headset that could be launched later this year. Apple also appears to be looking to roll out a foldable smartphone at some point based on a patent it received earlier this year for such a device.
Meanwhile, Amazon has a gold mine on its hands with Amazon Web Services (AWS). Amazon CEO Andy Jassy predicts that the market share of total IT spending for cloud services will soar from between 5% and 10% today to as much as 95% over the next 10 to 15 years. AWS is the leader in the cloud market currently and will likely be a huge winner if Jassy is right.
But AWS isn't Amazon's fastest-growing segment right now. That honor belongs to the company's third-party seller services. This business still has room to grow but will likely do so at a slower pace. On the other hand, Amazon is only scratching the surface of its opportunities in other high-growth areas, notably including digital advertising and healthcare.
No-brainer picks?
I like both of these Buffett stocks that are in the $1 trillion club. Apple and Amazon have great businesses and solid growth prospects.
The only wrinkle I see that would possibly cause hesitation in buying the stocks is valuation. Apple's shares currently trade at over 27 times expected earnings, while Amazon's forward earnings multiple is nearly 59.
Apple's valuation is much loftier than it was when Buffett first bought the stock. On the other hand, Amazon's P/E actually doesn't look so scary when compared with its historical levels. Also, using earnings-based metrics with Amazon has been problematic because the company tends to invest heavily in new initiatives.
Are these stocks no-brainer picks right now? For some, that description might be a stretch. However, my view is that Apple and Amazon will continue to be solid winners for long-term investors.
10 stocks we like better than Amazon.com
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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. Keith Speights has positions in Amazon.com, Apple, and Berkshire Hathaway. The Motley Fool has positions in and recommends Amazon.com, 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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A whopping 44% of Berkshire's portfolio is invested in Apple (NASDAQ: AAPL). Apple also appears to be looking to roll out a foldable smartphone at some point based on a patent it received earlier this year for such a device. Amazon CEO Andy Jassy predicts that the market share of total IT spending for cloud services will soar from between 5% and 10% today to as much as 95% over the next 10 to 15 years.
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A whopping 44% of Berkshire's portfolio is invested in Apple (NASDAQ: AAPL). That's mainly because Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is so big itself, investing in small companies doesn't move the needle enough. However, the e-commerce and cloud hosting leader's market cap narrowly tops $1 trillion today.
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A whopping 44% of Berkshire's portfolio is invested in Apple (NASDAQ: AAPL). Either Combs or Weschler was also behind Berkshire's purchase in 2019 of Amazon (NASDAQ: AMZN) stock. Berkshire didn't build up its position in Amazon as it did with Apple.
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A whopping 44% of Berkshire's portfolio is invested in Apple (NASDAQ: AAPL). Who says Buffett doesn't like tech stocks? Buffett shied away from tech stocks for years.
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16322.0
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2023-04-16 00:00:00 UTC
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5 Burning Questions for Verizon
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AAPL
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https://www.nasdaq.com/articles/5-burning-questions-for-verizon
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nan
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Verizon (NYSE: VZ) has fallen so far into value territory that it's easy to argue that investors think its future is getting murkier. Competition is fierce and the debt load is high. Travis Hoium highlights the five questions management needs to answer, including whether or not the dividend is -- or should be -- safe long-term.
*Stock prices used were end-of-day prices of April 11, 2023. The video was published on April 16, 2023.
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*Stock Advisor returns as of April 10, 2023
Travis Hoium has positions in Apple, Verizon Communications, and Walt Disney. The Motley Fool has positions in and recommends Apple and Walt Disney. The Motley Fool recommends T-Mobile US and Verizon Communications and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Verizon (NYSE: VZ) has fallen so far into value territory that it's easy to argue that investors think its future is getting murkier. Travis Hoium highlights the five questions management needs to answer, including whether or not the dividend is -- or should be -- safe long-term. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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See the 10 stocks *Stock Advisor returns as of April 10, 2023 Travis Hoium has positions in Apple, Verizon Communications, and Walt Disney. The Motley Fool has positions in and recommends Apple and Walt Disney. The Motley Fool recommends T-Mobile US and Verizon Communications and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney.
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10 stocks we like better than Verizon Communications When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Travis Hoium has positions in Apple, Verizon Communications, and Walt Disney. The Motley Fool recommends T-Mobile US and Verizon Communications and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney.
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* They just revealed what they believe are the ten best stocks for investors to buy right now... and Verizon Communications wasn't one of them! See the 10 stocks *Stock Advisor returns as of April 10, 2023 Travis Hoium has positions in Apple, Verizon Communications, and Walt Disney. The Motley Fool has positions in and recommends Apple and Walt Disney.
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16323.0
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2023-04-15 00:00:00 UTC
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Warren Buffett and Redditors Agree AAPL Is Still a Must-Buy Stock. Here’s Why.
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AAPL
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https://www.nasdaq.com/articles/warren-buffett-and-redditors-agree-aapl-is-still-a-must-buy-stock.-heres-why.
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Apple (NASDAQ:AAPL) is a stock that has experienced fluctuations in price over the last two years. Nonetheless, recent promising developments have positioned it as a prime investment opportunity.
The COVID-19 pandemic led to a tech boom, driving many stocks, including Apple’s, to reach all-time highs. However, recent economic challenges and restrictions on consumer spending caused a decline in tech stocks, with Apple shares falling 26.8% in 2022.
However, the dip is not the reason to invest in AAPL stock. Far from it, Apple is not the kind of company you can take lightly in any situation.
Apple’s focus on developing high-quality products has enabled the company to charge premium prices. In addition, Apple is continuously expanding its product portfolio. It indicates that its management constantly focuses on satisfying consumers and boosting profitability.
In my opinion, this is the most compelling reason to invest in AAPL stock for the long term.
AAPL Apple $165.21
AAPL Stock: Focusing on the Big Picture
Apple is currently focusing on strengthening its iPhone business. This segment accounted for 52% of the company’s revenue in fiscal 2022. Apple’s strategy of shifting production from China to India aims to boost its long-term profitability.
Apple reportedly plans to replace costly partnerships with Samsung and LG for iPhone displays. Additionally, the company is developing a custom Wi-Fi and Bluetooth chip to replace chips from Broadcom and Qualcomm.
With these strategic moves, Apple’s long-term outlook appears highly favorable. Therefore, now is an ideal time to invest in Apple stock.
On a separate note, Apple is expanding its digital services business to decrease its dependence on product revenue. Besides focusing on strengthening its iPhone business, the company is also increasing its service offerings.
Apple’s services, including Apple TV+, Music, iCloud, Fitness+, and Arcade, generated $78.1 billion in revenue in fiscal 2022. This represents double the iPhone’s growth. Additionally, services boasted a profit margin of 71.7%, significantly higher than the 36.3% margin from products.
Apple’s entrance into the music streaming market presents ample opportunities for substantial gains. The music streaming market is anticipated to experience a compound annual growth rate of 14.7% until 2030. In addition to music streaming, Apple’s services include video streaming, fitness apps, and gaming, all offering growth potential.
Virtual Reality/Augmented Reality Market
Apple is diversifying its product lineup by entering the AR/VR markets with a new headset, allowing the company to capitalize on a rapidly growing market.
By 2023, the AR & VR market is expected to generate revenue of $31.12 billion, with a projected growth rate of 13.72%, reaching a market volume of $52.05 billion by 2027. The largest segment is AR Software, valued at $11.58 billion in 2023, with the U.S. generating the most revenue, projected at $8.568 billion.
The market is expected to have 2.593 billion users by 2027, with user penetration projected to increase from 28.8% in 2023 to 32.6% in 2027 and an expected ARPU of $14.08.
A Brand Like No Other
Apple’s focus on developing high-quality products has resulted in the ability to charge premium prices, leading to strong brand loyalty from consumers.
By prioritizing its focus on developing high-quality products, Apple achieved a significant milestone in September 2022 by overtaking Alphabet’s Android for the most smartphone market share, reaching 50%.
This is especially promising because consumers tend to stick with their chosen smartphone operating system for the long term.
By dominating the smartphone market, Apple can leverage its design language and promote complementary products and services, such as its MacBook lineup. IPhone users tend to exhibit brand loyalty and are less likely to switch to competing products. That makes it recession-resistant in my eyes.
Apple’s prosperous product line has fueled impressive growth, with its revenue increasing by 48% to $394 billion and its operating income soaring by 68% to $119 billion over the past five years.
No wonder AAPL is a favorite among Warren Buffett stocks! And just to prove the love is cross-generational, AAPL is also among Reddit favorites.
Is AAPL Stock a Buy, Hold, or Sell?
In summary, Apple is a significant player in the tech industry, characterized by its ability to innovate and adapt. The company’s focus on bolstering its iPhone business has yielded positive outcomes, as this segment constitutes most of its revenue.
Furthermore, Apple’s foray into the digital services business is a promising initiative contributing to a diversified business model. Looking ahead, Apple’s entry into the virtual reality/augmented reality market through its new headset release in June 2023 is an exciting prospect that could significantly boost earnings and keep the company on its current growth trajectory.
While there are concerns about Apple’s declining revenue in the first quarter of the fiscal year 2023, many experts recommend holding onto Apple’s stock. Apple remains an attractive investment option with a history of dominating new markets and an impressive product line.
On the publication date, Faizan Farooque did not hold (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.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
The post Warren Buffett and Redditors Agree AAPL Is Still a Must-Buy Stock. Here’s Why. appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) is a stock that has experienced fluctuations in price over the last two years. However, the dip is not the reason to invest in AAPL stock. In my opinion, this is the most compelling reason to invest in AAPL stock for the long term.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) is a stock that has experienced fluctuations in price over the last two years. However, the dip is not the reason to invest in AAPL stock. In my opinion, this is the most compelling reason to invest in AAPL stock for the long term.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) is a stock that has experienced fluctuations in price over the last two years. AAPL Apple $165.21 AAPL Stock: Focusing on the Big Picture Apple is currently focusing on strengthening its iPhone business. However, the dip is not the reason to invest in AAPL stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (NASDAQ:AAPL) is a stock that has experienced fluctuations in price over the last two years. In my opinion, this is the most compelling reason to invest in AAPL stock for the long term. AAPL Apple $165.21 AAPL Stock: Focusing on the Big Picture Apple is currently focusing on strengthening its iPhone business.
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16324.0
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2023-04-15 00:00:00 UTC
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5 Burning Questions for Apple
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AAPL
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https://www.nasdaq.com/articles/5-burning-questions-for-apple
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Apple (NASDAQ: AAPL) faces more challenges than it has in over a decade with its biggest supplier (China) facing uncertainty and artificial intelligence presenting a new threat. Travis Hoium asks the questions investors should be thinking about in the video below.
*Stock prices used were end-of-day prices of April 12, 2023. The video was published on April 12, 2023.
10 stocks we like better than Apple
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of April 10, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) faces more challenges than it has in over a decade with its biggest supplier (China) facing uncertainty and artificial intelligence presenting a new threat. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Taiwan Semiconductor Manufacturing.
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Apple (NASDAQ: AAPL) faces more challenges than it has in over a decade with its biggest supplier (China) facing uncertainty and artificial intelligence presenting a new threat. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Travis Hoium has positions in Alphabet and Apple.
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Apple (NASDAQ: AAPL) faces more challenges than it has in over a decade with its biggest supplier (China) facing uncertainty and artificial intelligence presenting a new threat. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Apple (NASDAQ: AAPL) faces more challenges than it has in over a decade with its biggest supplier (China) facing uncertainty and artificial intelligence presenting a new threat. Travis Hoium asks the questions investors should be thinking about in the video below. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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16325.0
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2023-04-15 00:00:00 UTC
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Where Gen Z Is Putting Their and Their Parents' Money
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AAPL
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https://www.nasdaq.com/articles/where-gen-z-is-putting-their-and-their-parents-money
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nan
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In this podcast, Motley Fool analysts Dylan Lewis and Nick Sciple discuss:
Piper Sandler's Generation Z survey about brands and spending.
Tailwinds for Ulta Beauty, Spotify, and Nike.
Investing in resale companies.
How the competitive landscape shifted for upstart brands.
Motley Fool producer Ricky Mulvey and Motley Fool analyst Sanmeet Deo look at two health trends for investors to watch.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Walmart
When our analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Stock Advisor returns as of March 8, 2023
This video was recorded on April 6, 2023.
Dylan Lewis: The kids are all right with big brands, Motley Fool Money starts now. I'm Dylan Lewis sitting in for Chris Hill and I'm joined by Nick Sciple. Nick, how are you doing?
Nick Sciple: Great to be back with you, Dylan. Always great to be back in the podcast world.
Dylan Lewis: Yeah, love to have you. Today we are diving into the taste of Gen Z, Piper Sandler's semiannual Taking Stock With Teens report just published and it is a gold mine of insights about the spending habits and the dominant brands for the next generation of consumers. Just as background, the firm's surveyed 5,600 teenagers in 47 states, digging into the top brands by category, clothing, footwear, you name it on the consumer side, and they also get a sense of the celebrities and the causes that resonate most with younger folks. Nick, when you look at this report high-level, what jumps out to you?
Nick Sciple: Yeah. A few things. High-level, A, teens still spending money in this slowing down economy where you see maybe pressures on some retailers still seeing teens spending self-reported up 2% year over year within that context, teens still spending but spending in different channels. One channel I've been watching in particular is the secondhand channel. I see over 200 basis points increase in preferences year over year. That's something if you were paying attention back in January, the National Retail Federation held their big show every year for all big retailers across the country. One of the big areas of growth highlighted among those folks was resale expected to grow 3 times faster than core retail moving forward. A lot of that being driven by preferences among younger folks, Gen Z, things like that. Also, as far as brand preferences, it's just that the big brands that you would expect to be dominant continue to dominate. So if you look at the top five most popular e-commerce websites, obviously Amazon coming in at No. 1, but also interesting to see companies like Nike and Lululemon through their direct-to-consumer channels, really having lots of success. Apple still remains the dominant smartphone. You have 87% of teens report owning an iPhone, 88% of them expect to own an iPhone next year. The kids generation, we're addicted the millennials to the iPhone. It looks like Gen Z is addicted as well.
Dylan Lewis: Yeah, that is such an interesting story to me because you emphasized the big brands there and I know when I spend time talking to my younger cousins that are in their teen years, there are times where I have no clue what they're talking about and other times where the foundational elements of how we live our life or the way that we look at the world is very similar. I look at some of the names on this and the leaders in some of these categories. You mentioned Nike, Apple, Amazon, Netflix, and YouTube leading the way in terms of video habits, and I think it's a good reminder if you're trying to be somewhat somatic and how you're looking at things like this and how you're trying to apply it to your portfolio. You don't necessarily need to be awarded style points or points for difficulty when you're trying to project what the future looks like. Very often, a lot of these brands that are incredibly resonant with millennials, with Gen X, are also resonating with Gen Z.
Nick Sciple: That's right. I think Lululemon really, its path to success was going from among those college folks and now it's broken into really the adult population. Sometimes you see these big trends carry over from the younger generation to the older generation and vice versa. You've seen a lot of preferences too among the younger folks around loyalty programs. That was one thing called out, Ulta really dominant in the makeup and skincare part of the category. We've got 60% of teens reporting an Ulta membership. When you really capture those folks, it's really hard to get out of the ecosystem.
Dylan Lewis: Probably not a surprise for anyone that's been an Ulta shareholder. That's a business that has been pretty strong one to own and a pretty successful one. I want to focus a little bit on some of these businesses like Apple and I'd even lump Spotify and Netflix to a certain extent into these categories where these are businesses that you make a decision once and very often you tend to just live in that decision for a very long time. I think about my own path with a business like Spotify. I became a user probably about nine or 10 years ago. Had been a paid user for probably six or seven years, and I have not once thought about my subscription since. Nick, I'm curious when you look at the names and the habits that are being formed with some of these brand associations. What you see and just what it portends for some of these businesses?
Nick Sciple: Yeah. Well, I'll say my experience with Spotify is pretty similar. They grabbed me as a young free user and I got annoyed with the ads and I've been a paid user ever since. I think if you look at something like music where really all the platforms have everything you could possibly want. Once you get into a platform like Spotify, they start serving up playlists to you and making recommendations to you over time. It gets harder and harder to get out of these ecosystems. Another thing that I think is interesting, I alluded to the direct-to-consumer side of these businesses before, as the e-commerce side of these businesses get stronger and stronger, I think you're going to see companies like Nike and Ulta have even more dominance in their industries as folks form loyalties early in their life. The other thing that I think is interesting is over the past 7, 8, 10 years, you've seen this big trend of new entrants in apparel retail and you think about your Allbirds types companies, and a lot of those companies were able to flourish in a low interest rate environment and an environment where it was a lot easier to target advertising and I think just the competitive landscape today is even more in favor of these big brands that maybe it would have been five years ago.
Dylan Lewis: Yeah. If you're in a tight budgetary environment, a business that already exists in your brain is going to have a little bit of an easier time being there when you're trying to make a purchase decision as a consumer where some of those upstart brands, they need to do a lot of education. They need to do a lot of awareness for you to even think about them when it comes time to buy new yoga equipment or new set of footwear or whatever it might be.
Nick Sciple: That's right. You've seen the Lululemon get involved in footwear. You've seen some of these brands will be able to extend their offering to take that mindshare and be able to gobble more of the addressable market.
Dylan Lewis: Nick, you mentioned trends in resale and secondhand before. I want to touch back on that because I think that is something that we've seen bloom over the last 5-10 years and we didn't really get too much into the investable side of that earlier in the discussion. For people that are interested in following that trend and are looking for ideas to get exposure to it, anything comes to mind?
Nick Sciple: Yeah, well, I think that the resale industry certainly is seeing lots of growth in recent years. We've seen some companies come public, Poshmark has come public and then since been taken private. ThredUp came public, has really had a really tough time in the market. When I look at the investable companies in the resale space, they're really the only one in the pure-play role that comes to mind for me is company called Winmark, ticker is WINA, it's been a recommendation in the Canadian side of Motley Fool for quite a while there. A franchisor of a number of resale concepts, Plato's Closet, Style Encore, Music Go Round, Play It Again Sports, among others. As a franchise business, they get a percentage of sales from their franchisees, a low single-digit percentage of sales, and as a result, the margins on this business are really remarkable. The company has been public since the mid '90s, has been a really an amazing performer. They take all that cash that comes in and for the most part, they just return it to shareholders. They buyback a heck of a lot of stock, send out a special dividends. Just so far this year the stock is up almost 40%. Valuation maybe is getting a little bit aggressive here, but they're one of the few companies that has been able to figure out the resale business in a really profitable way. We may see some new entrants, some of these bigger retailers try to get involved in the business, but Winmark's really a company that's proven out this business model over 20-plus years and I think they'll still be able to do it going forward the next 10.
Dylan Lewis: Yeah. I think that's a compelling trend and one that just regardless of where my investing dollars are as the human in me, that the consumer in me wants me to see businesses succeed that are trying to do that because there's a lot of value left in close that people have decided they're no longer going to be wearing. It's nice to see reuse, resale be a trend that is on people's minds. Before we wrap up here, Nick, anything else from this report jump out to you or any other names that you want to surface for listeners?
Nick Sciple: Yeah. A second company that though I'd put on listeners radar is a company called Aritzia. If you drive into some of the trends within the Piper Sandler report, among the top brands starting to be worn among teens, Aritzia is starting to move up that chart. Aritzia is another company that's recommended on the Canadian side of the Motley Fool services, the ticker is ATZ on the Toronto. Stock exchange, has some parallels actually with Lululemon who we talked about earlier. Both founded in Vancouver. Both companies they really expanded across Canada and have increasingly become not just Canadian businesses, but North American businesses. As of the most recent quarter, Aritzia just ticked over to over 50% of its business in the United States as opposed to Canada. Looking forward to the next five-years, they expect to open 8-10 stores per year. Expect that to trickle down to about 15-17% sales growth per year, and a faster rate than that of earnings-per-share growth. The stock trades at about 25 times earnings which I think is very reasonable. Relative to that opportunity I just laid out for you for growth, I think if this company traded in the US, the multiple would be over 30 times earnings, but that kind of smaller investment environment gives us the folks that are willing to invest in Canada an opportunity to get a growing company at a reasonable price.
Dylan Lewis: So we have a couple names that maybe people aren't as familiar with and the reminder. You don't have to think too hard about it. A lot of the businesses that you think are quality businesses and good services are probably going to be around for quite some time based on the survey results proceeding there.
Nick Sciple: That's what it looks like. The kids are all right, Dylan.
Dylan Lewis: Nick, thanks for joining me.
Nick Sciple: Anytime.
Dylan Lewis: We've got more trends, more discussion of Lululemon on the second half of the show. At Home Fitness is evolving and Pickleball is on the rise. Ricky Mulvey caught up with Motley Fool Senior Analyst, Sanmeet Deo to look at two health trends for investors to watch.
Ricky Mulvey: At Home Fitness is changing, but joining us now to talk about two health trends for investors to watch. Motley Fool Senior Analyst, Sanmeet Deo. Sanmeet, good to see you as always.
Sanmeet Deo: Hey, good to chat with you.
Ricky Mulvey: Let's talk about connected fitness first. During the pandemic, the pendulum swung very far to at-home fitness with equipment. Where is that pendulum swinging now?
Sanmeet Deo: It looks like the fitness pendulum is swinging more to the omnichannel fitness model where fitness companies are meeting their customers where and when they want to work out. As the pandemic shifted a lot of our lifestyles in different ways, the fitness needed to adapt. For example, many of us have a hybrid work schedule. So sometimes people want to work out at home maybe before they go to work, or when they're working from home, work out at home, or sometimes they want to work out at or near the workplace. Where we work out has definitely changed from the past. While at-home fitness was always a thing before the pandemic, I think the importance of it and the value of it was more appreciated during the pandemic, and it's going to continue maybe at less levels though than prior.
Ricky Mulvey: You're starting to see companies adapt. Lululemon's latest quarter. Investors cheered as it beat earnings and revenue expectations. However, it did write down its Mirror acquisition to about one-tenth of the original purchase price. That was the Mirror where you could see yourself in workout classes in your home. What are the lessons that CEO Calvin McDonald learned from that experience? Do you think Lulu is learning the right lessons from this write-down?
Sanmeet Deo: In addition to all those, Lululemon showing us an example of how sometimes acquisitions are a tough thing. They purchased Mirror for 500 million in June of 2020. The goal of their acquisition was to make Lulu more of an experiential brand, expand its digital and interactive capabilities, take advantage of the exploding in-home fitness market. The acquisition was quite a substantial one for them given that they had about 800 million in cash on hand at the time. In retrospect, it looked like they bought a fitness company at its peak, sales weakened quickly after, ultimately resulted in them in writing off about 442 million of the acquisition in it's most recent quarter and shifting to primarily digital offerings. I think a big lesson that the CEO Calvin McDonald and Lulu must have learned is that connected fitness, especially hardware and software, is a much bigger undertaking for a company that has primarily delved into the athletic apparel market. While they do great at that, and while there may be some synergies to having hardware and software brand that could help them sell some athletic apparel, maybe a better approach might have been testing the waters without a big splashy acquisition. Now that they're shifting to a more digital offering like Peloton and many others, and while there is, in my opinion, over-saturation of digital fitness apps, they're doing something a little bit different by partnering with some other more well-established digital fitness companies to offer their classes on their own Lululemon Studio offering. So I think they've learned a little bit of a lesson of the connected fitness market, but it might have been a better approach to do what they're doing now back then to dabble in slowly offering digital without having that big purchase.
Ricky Mulvey: Yes. The strategy now it's called Lululemon Studio. The Mirror still exists, but they're investing in getting this lower-cost offering to folks where they can watch workout classes on their phone, you can do it at the gym, you can do it, wherever. I think two of the lessons from this for me are, number 1, be careful thinking in absolutes. I think there is a lot of interest in this idea that no one's going to work out at the gym again. Then also a lot of investors are not health experts. Working out in your home or apartment by yourself is not fun, [laughs] it's not what I'm trying to do the whole time. Going beyond that, what are some of the applications of this connected fitness, this saturated market that you're talking about, that you think have potential? Are you excited about it or is this a wait-and-see approach to see who breaks through?
Sanmeet Deo: I think the thing I'm most excited is about smaller hardware offerings that offer comprehensive digital analytics softwares that help customers really put numbers behind their fitness and health. I don't think people want to buy big bulky equipment in their homes anymore, especially when they're not in their homes as much as they were in the pandemic. The smaller hardware products, something like something I came across, Kabata, which is smart dumbbells that offer real-time metrics, AI powered workouts, and specific tracking to enhance form and technique. So those kind of things might do well. Kabata, to give it a perspective, it's like those Bowflex dumbbells where you can change the weights around. Or things like FightCamp, which offers a standing heavy bag, not huge but that helps you. They have digital classes, they have an ability to track your punches, your calories, things like that, and then I still believe in the limitless potential of smart watches that are just tracking more and more fitness and health metrics to keep tabs on. But small hardware that you're not going to hang your dirty clothes on is basically what I'm most excited about.
Ricky Mulvey: Smart hardware, you're not going to, that's fine. Any companies besides Lulu that you think understand this new style of fitness in a compelling way?
Sanmeet Deo: The name I've been hammering down everybody's throats that's a Fool listener is Xponential Fitness. Mainly because I just believe that they're doing the omnichannel approach in the best possible way. They have small studios that offer numerous fitness classes among a variety of modalities that are staples, yoga, Pilates, cycling, barre, boxing, things like that. But they also have their digital apps that offer many of those similar classes on an app. They also have an XPass, which led to use the digital app, but also try out different brands among the Xponential Fitness platform. They're combining all of that, and they're meeting customers where they are in terms of where they want to work out.
Ricky Mulvey: I look at Xponential too. Two things that I'm concerned about. One is that goodwill and other intangibles makes up $300 million of it's almost 500 million of assets. It's multiple expanded over the past year exploded. It now trades at about a 34 PE ratio. Year ago it was at 11.
Sanmeet Deo: Being a franchisor, it doesn't take on the capital intensity of opening the studios and all that, that's the franchisees. So as a franchisor they are going to be a lot more asset-light and a lot of their assets resides in the brand names and the trademarks and the acquisitions of brands that they've done. So that's one of the reasons why you see such a high goodwill and the intangible portion of their asset base. So while it can look a little concerning, I'm not too concerned so long as their brand name is strong and it continues to do well. In terms of the multiple, I think their metrics have been good over the past few quarters. They've survived the pandemic very well versus other fitness companies. They're expanding their studios, they're expanding their brands that they have to offer. Their metrics have held up very well throughout and so I think the name is just gaining more prominence, and so the valuation has grown their potential for revenue growth, cash flow growth, margin expansion is still a little bit underappreciated going forward because I like to look at these companies on a five-plus year basis and I model them out as such. So I'm still very confident in the company and its valuation on an out-year basis.
Ricky Mulvey: Let's move on to pickleball. That's probably the hottest health trend in the streets. Study from YouGov found that 14% of Americans played pickleball in the last 12 months. You follow health trends. Is this one with legs or is it a flash in the pan?
Sanmeet Deo: Well, in full disclosure, I am a pickleball player and I've been playing about two, three months now with some friends every Sunday we play. I was laughing when I first heard about pickleball, but then when you finally actually play, it's surprising, very addictive, fun, and doable for all ages and all demographic groups. I think it's here to stay. One of the things that really tells me that it's here to stay is the demand outstrips to supply. There's more than 36 and a half million people who play pickleball from August 2021 through August 2022 according report by the Association of Pickleball Professionals. There's only about 10,320 places to actually play in the United States. I've noticed anecdotally that these courts are packed. You have to book them a week in advance and I'm in long island where there's not that many indoor places to play. There is outdoor places to play if you put the lines on tennis courts. But then there has been some controversy with tennis players and pickleball players saying, hey, get your own courts. But I think it's here to stay.
Ricky Mulvey: Luxury gym chain Life Time Fitness, thinks Pickleball is going to be their growth engine for their very large fitness centers. What's the strategy there for Life Time?
Sanmeet Deo: When I think of investing in the pickleball trend in the public market Life Time is one of those ones that comes to my mind. First, they've deployed about half $0.5 billion into pickleball. At 120 of their more than 160 locations, they have about 400 courts across their clubs currently, they're hoping to have about 600-700 by the end of 2023. Participation, they said is up tenfold in the past year, and even pro leagues like the major league pickleball and Professional Pickleball Association, PPA, I think it is.
Ricky Mulvey: 4-5 times fast.
Sanmeet Deo: Have partner with them to host tournaments. So they're going in on it.
Ricky Mulvey: I do wonder if this is the new AI buzzword in the health industry for Life Time Fitness. I think they have a great product, I've been to their gyms in the past. But I also question management's ability to deliver on promises. Back in 2021, in their S1, management set a goal of 30% return on invested capital in its S1 for new fitness centers. Boy, does that sound high? In quarter 4 of 2022, its return on invested capital was negative 5.5%. Sounds to me like a new year's resolution gone awry.
Sanmeet Deo: I do like Life Time. I like what they're doing as a customer. I think it's pretty cool. They're trying to be a luxury athletic club, almost like a country club, I should say. But one of the issues I have with Life Time is they spend a lot of money and it takes a lot of money to maintain those clubs, build those clubs. Things like with pickleball investing in maybe different new trends and changing things up constantly. They're not a franchise company, they're a company owned by shareholders and the owners. So they're going to continuously have to put in money into their business and their returns aren't going to look as good as some other asset-light type companies.
Ricky Mulvey: I also think it's interesting where you're seeing the pickleball froth show up on TV, one of the professional pickleball associations, excuse me, the professional pickleball Association is sponsored by Carvana to me that might be a little bit of a symptom of froth. To the association, I'd encourage you to clear those checks quickly. Do you think that's one symptom of froth or do you think it's more widespread throughout the industry with pickleball?
Sanmeet Deo: As an avid fan of pickleball playing, I had been skeptical about viewership of pickleball and how much that will become. But an interesting thing too is lately, recently they had the first annual pickleball slam. I don't know if you heard about this and it included McEnroe, Agassi, Michael Chang, and I believe it was one other former pro tennis player. Surprisingly, it did very well when viewed in the context of their entire programming week the slam out delivered 13 nationally televised MLB games, seven NBA match-ups and five NHL games. So it was watched quite a bit now given these are former professional tennis players are taking on pickleball. So that definitely was part of the appeal of seeing tennis players and former tennis players of our past that we used to love and admire playing this game. I think it's things like that are starting to gain some traction, and then also as a player if I want to improve myself as a player, watching it also is going to help me improve. That's the nature of sport. You play it, you watch it, and then you try to imitate what you actually watched. I think it could have some traction. I'm still skeptical, but hey, look people not to take it dig that people watch curling pretty avidly too so you never know.
Ricky Mulvey: Sanmeet Deo. I always appreciate your time.
Sanmeet Deo: Great. Thanks, Rick.
Dylan Lewis: As always, people on the program may have interest in the stocks they talk about and the Motley Fool may have formal recommendations for or against, so don't buy or sell anything based solely on what you hear. I'm Dylan Lewis. Thanks for listening, and we'll be back tomorrow.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Dylan Lewis has positions in Spotify Technology. Nick Sciple has positions in Aritzia and Winmark. Ricky Mulvey has positions in Lululemon Athletica, Netflix, Spotify Technology, Winmark, and Xponential Fitness. Sanmeet Deo has positions in Amazon.com, Netflix, and Xponential Fitness. The Motley Fool has positions in and recommends Amazon.com, Apple, Aritzia, Lululemon Athletica, Netflix, Nike, Peloton Interactive, Spotify Technology, Ulta Beauty, and Winmark. The Motley Fool recommends ThredUp and recommends the following options: long January 2025 $47.50 calls on Nike. 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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Today we are diving into the taste of Gen Z, Piper Sandler's semiannual Taking Stock With Teens report just published and it is a gold mine of insights about the spending habits and the dominant brands for the next generation of consumers. In retrospect, it looked like they bought a fitness company at its peak, sales weakened quickly after, ultimately resulted in them in writing off about 442 million of the acquisition in it's most recent quarter and shifting to primarily digital offerings. I think a big lesson that the CEO Calvin McDonald and Lulu must have learned is that connected fitness, especially hardware and software, is a much bigger undertaking for a company that has primarily delved into the athletic apparel market.
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In this podcast, Motley Fool analysts Dylan Lewis and Nick Sciple discuss: Piper Sandler's Generation Z survey about brands and spending. Ricky Mulvey has positions in Lululemon Athletica, Netflix, Spotify Technology, Winmark, and Xponential Fitness. The Motley Fool has positions in and recommends Amazon.com, Apple, Aritzia, Lululemon Athletica, Netflix, Nike, Peloton Interactive, Spotify Technology, Ulta Beauty, and Winmark.
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Dylan Lewis: Yeah, that is such an interesting story to me because you emphasized the big brands there and I know when I spend time talking to my younger cousins that are in their teen years, there are times where I have no clue what they're talking about and other times where the foundational elements of how we live our life or the way that we look at the world is very similar. The other thing that I think is interesting is over the past 7, 8, 10 years, you've seen this big trend of new entrants in apparel retail and you think about your Allbirds types companies, and a lot of those companies were able to flourish in a low interest rate environment and an environment where it was a lot easier to target advertising and I think just the competitive landscape today is even more in favor of these big brands that maybe it would have been five years ago. Sanmeet Deo: It looks like the fitness pendulum is swinging more to the omnichannel fitness model where fitness companies are meeting their customers where and when they want to work out.
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Sanmeet Deo: It looks like the fitness pendulum is swinging more to the omnichannel fitness model where fitness companies are meeting their customers where and when they want to work out. So I think they've learned a little bit of a lesson of the connected fitness market, but it might have been a better approach to do what they're doing now back then to dabble in slowly offering digital without having that big purchase. Sanmeet Deo: I think the thing I'm most excited is about smaller hardware offerings that offer comprehensive digital analytics softwares that help customers really put numbers behind their fitness and health.
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16326.0
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2023-04-15 00:00:00 UTC
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Apple PC Shipments Plummet In 2023 -- Time to Sell the Stock?
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AAPL
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https://www.nasdaq.com/articles/apple-pc-shipments-plummet-in-2023-time-to-sell-the-stock
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nan
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nan
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The tech industry has been working through a glut of PC (personal computer) and smartphone inventories since the second half of 2022. Following a massive upgrade cycle fueled by the work-from-home movement in late 2020 through 2021, the chip shortage loosened up last year just in time for consumer demand to cool off (inflation being but one reason for this).
PC makers responded by reducing shipments to retail partners until the excess inventory was reduced by consumer purchasing. One standout winner during this mess last year was Apple (NASDAQ: AAPL), but it appears the downturn finally came for the iPhone and Mac company.
Does this mean it's time to sell Apple stock?
Apple Macs plunge more than peers?
According to data from tech research firm IDC, global PC shipments in first-quarter 2023 fell a whopping 29% year over year to 56.9 million. This isn't just a dip below COVID-era highs (80.2 million global PC shipments in Q1 2022, and over 90 million global shipments during the fourth-quarter holiday shopping frenzy of 2021 and 2020). If IDC's preliminary Q1 2023 figures are correct, 56.9 million PCs would represent a 4% decline from 59.2 million shipments in Q1 2019, and a 6% decline from 60.6 million PCs in Q1 2018.
Indeed, this is a steep pullback from the rampant consumer tech spending spree over the last couple of years.
But what may be especially concerning for investors is to see Apple PCs (like Macs and MacBook laptops) fall precipitously, at least according to IDC. The research company's preliminary estimate is that Q1 2023 Apple Mac shipments plunged 40% year over year to just 4.1 million units. That's a far steeper drop than the other top PC makers on the list: Lenovo, HP, Dell Technologies, and ASUS.
Don't panic just yet
There's a caveat to Apple's PC shipments plunging far more than its peers, though. Macs and MacBooks are premium personal computers, but people are still willing to shell out the extra cash for the Apple emblem. According to IDC's estimates, Apple still commands the No. 4 spot as far as global PC market share goes, behind Lenovo, HP, and Dell.
Apple's market share of Q1 2023 PC shipments was 7.2%. Though that's down from its low-teens percentage market share high reached at points in 2022, Apple is nevertheless holding on to its progress. In Q1 2019, before the pandemic started, Apple was in the No. 5 position in market share. At that time, it only shipped 3.9 million Macs and MacBooks, according to IDC estimates, giving it a global PC market share of only 6.6%.
Quarter-to-quarter shipments can be noisy and distracting. Thus, though Apple PC revenue might be in for some pain when the next quarter's financials are released (the report comes out May 4, 2023), it appears that Apple is still selling more PCs than it was pre-pandemic -- and commanding greater leadership than it was four years ago. If you own Apple stock, there's no need to panic.
The market saw this coming already
There's another reason to keep it cool: We already knew Apple Mac and MacBook sales were getting hit pretty hard.
During the lastearnings callin February 2023 (for the three-month period ended December 2022), Apple said Mac revenue had fallen 29% year over year to $7.74 billion. The reason, besides a hard-hit global consumer, was a tough comparison to the year prior thanks to the MacBook Pros featuring the brand new in-house designed Apple M-series chip. Apple is now on its second-gen M2 chip, but that isn't having the same dramatic upside as the initial M-series processor release.
Apple CFO Luca Maestri also said to expect Mac revenue to fall by a year-over-year double-digit percentage again in the first few months of 2023, for similar reasons to last quarter. No surprises, then, at IDC's ugly-looking estimates.
It's also worth remembering that the iPhone matters most. iPhone sales made up 56% of Apple revenue at the end of 2022. And regardless of what devices are selling (iPhones, Macs, iPads, Watch, etc.), Apple keeps expanding its total "installed base" of devices in operation, which is the fuel that keeps its stable-growth "services" segment headed higher. Apple said it had reached over 2 billion devices in its installed base during the final months of 2022, double the figure seven years ago.
Apple stock has rallied 23% so far in 2023, and is just 12% off all-time highs reached a little over a year ago. If you're an Apple shareholder, there's no reason to panic-sell the stock now.
10 stocks we like better than Apple
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of April 10, 2023
Nicholas Rossolillo and his clients have positions in Apple. The Motley Fool has positions in and recommends Apple and HP. 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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One standout winner during this mess last year was Apple (NASDAQ: AAPL), but it appears the downturn finally came for the iPhone and Mac company. Following a massive upgrade cycle fueled by the work-from-home movement in late 2020 through 2021, the chip shortage loosened up last year just in time for consumer demand to cool off (inflation being but one reason for this). The reason, besides a hard-hit global consumer, was a tough comparison to the year prior thanks to the MacBook Pros featuring the brand new in-house designed Apple M-series chip.
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One standout winner during this mess last year was Apple (NASDAQ: AAPL), but it appears the downturn finally came for the iPhone and Mac company. This isn't just a dip below COVID-era highs (80.2 million global PC shipments in Q1 2022, and over 90 million global shipments during the fourth-quarter holiday shopping frenzy of 2021 and 2020). If IDC's preliminary Q1 2023 figures are correct, 56.9 million PCs would represent a 4% decline from 59.2 million shipments in Q1 2019, and a 6% decline from 60.6 million PCs in Q1 2018.
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One standout winner during this mess last year was Apple (NASDAQ: AAPL), but it appears the downturn finally came for the iPhone and Mac company. The research company's preliminary estimate is that Q1 2023 Apple Mac shipments plunged 40% year over year to just 4.1 million units. Apple's market share of Q1 2023 PC shipments was 7.2%.
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One standout winner during this mess last year was Apple (NASDAQ: AAPL), but it appears the downturn finally came for the iPhone and Mac company. The research company's preliminary estimate is that Q1 2023 Apple Mac shipments plunged 40% year over year to just 4.1 million units. Apple's market share of Q1 2023 PC shipments was 7.2%.
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16327.0
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2023-04-15 00:00:00 UTC
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Is Cirrus Logic Stock a Buy Now?
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AAPL
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https://www.nasdaq.com/articles/is-cirrus-logic-stock-a-buy-now
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nan
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nan
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Cirrus Logic's (NASDAQ: CRUS) stock price dropped 12% on April 12 on concerns that it could lose some key orders from its top customer Apple (NASDAQ: AAPL).
In a blog post, TF International Securities analyst Ming-Chi Kuo claimed Apple would likely "abandon the closely watched solid-state button design and revert to the traditional physical button design" in the upcoming iPhone 15 Pro and Pro Max due to "unresolved technical issues." As the exclusive producer of IC controllers for those haptic buttons, Cirrus would take a bigger hit from that rumored change than Apple's other suppliers.
Loop Capital issued a similar warning, claiming that Cirrus had expected a gain of as much as $1.60 per device from those two top-tier iPhones. KeyBanc Capital Markets analyst John Vihn had previously estimated that on average, Cirrus could sell up to $7 in components to Apple for each iPhone 15, compared to an estimated $5.70 in components for each iPhone 14. If those two estimates are accurate, Cirrus could lose more than a fifth of its iPhone 15 component sales if Apple scraps its solid-state button.
Image source: Getty Images.
Did investors overreact to those rumors and actually create a good buying opportunity in Cirrus, which remains up nearly 20% over the past 12 months? Or does it merely highlight Cirrus' overwhelming dependence on Apple and its limited long-term growth potential?
A company that couldn't survive without Apple
Cirrus is a market leader in audio converters and chips, but it's been developing other mixed-signal processing chips for wireless headsets, wearables, augmented reality/virtual reality (AR/VR) headsets, laptops, and mobile devices in recent years.
Cirrus serves thousands of customers, but the lion's share of its revenue comes from Apple, which installs its audio chips and IC controllers in its iPhones, iPads, and Macs. It relied on Apple for 79% of its revenue in fiscal 2022 (which ended last March), 83% of its revenue in fiscal 2021, and 79% of its revenue in fiscal 2020.
That puts Cirrus in the same category as other Apple suppliers like Skyworks Solutions and Lumentum, which relied on Apple for 58% and 29% of their revenues, respectively, in their latest fiscal years.
Cirrus' overwhelming dependence on Apple is a double-edged sword. Its revenue rises and falls in tandem with Apple's hardware sales, but there's a constant fear that Apple will eventually split its orders with another supplier or develop in-house alternatives. Cirrus probably doesn't have much pricing power when it comes to negotiating with Apple, and it's at the mercy of its abrupt specification changes or order reductions.
Apple won't replace Cirrus' chips anytime soon, but it previously used audio chips from Analog Devices' Maxim in its AirPods instead of Cirrus' chips. Therefore, investors shouldn't be too surprised if Apple eventually courts other suppliers to reduce its dependence on Cirrus' chips.
How fast has Cirrus been growing?
Cirrus' revenue declined in fiscal 2018 and fiscal 2019 as the global smartphone market cooled off, but it's risen consistently over the past three years as the market stabilized. Apple's launch of the iPhone 12 (its first family of 5G devices) in 2020 aided that growth. Cirrus' gross margins also expanded as it sold a larger quantity of pricier chips.
METRIC
FY 2018
FY 2019
FY 2020
FY 2021
FY 2022
Revenue growth
(0.4%)
(22.6%)
11.1%
6.9%
30.1%
Adjusted gross margin
49.7%
50.5%
52.7%
51.7%
52.1%
Data source: Cirrus Logic.
In the first nine months of fiscal 2023, Cirrus' revenue rose 18% year over year, but supply chain headwinds and an unfavorable mix of lower-margin components reduced its adjusted gross margin from 51.8% to 50.6%. It expects its revenue to rise 5% to 8% for the full year, compared to analysts' expectations for 6% growth. Analysts expect its revenue to only rise 2% in fiscal 2024 as it laps the iPhone 15 upgrade cycle. Its adjusted earnings per share (EPS) are expected to decline 8% this year before rising 3% in fiscal 2024.
Cirrus' growth is decelerating, but its stock looks cheap at 14 times forward earnings. However, it's still pricier than Skyworks and Lumentum, which trade at 9 and 11 times forward earnings, respectively. Moreover, Cirrus' forward valuations are still pegged to estimates that assume it can grow its content share in the iPhone 15 significantly.
It's not the right time to buy Cirrus
Cirrus Logic will likely keep growing, but I'd rather simply invest in Apple than take my chances on this cyclical supplier. Cirrus simply has too much exposure to Apple compared to Skyworks, Lumentum, and other leading iPhone suppliers, and the replacement of the solid-state button in the upcoming iPhone 15 could severely throttle its near-term growth.
10 stocks we like better than Cirrus Logic
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 Cirrus Logic 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 April 10, 2023
Leo Sun has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Cirrus Logic, Lumentum, and Skyworks Solutions. 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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Cirrus Logic's (NASDAQ: CRUS) stock price dropped 12% on April 12 on concerns that it could lose some key orders from its top customer Apple (NASDAQ: AAPL). In a blog post, TF International Securities analyst Ming-Chi Kuo claimed Apple would likely "abandon the closely watched solid-state button design and revert to the traditional physical button design" in the upcoming iPhone 15 Pro and Pro Max due to "unresolved technical issues." As the exclusive producer of IC controllers for those haptic buttons, Cirrus would take a bigger hit from that rumored change than Apple's other suppliers.
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Cirrus Logic's (NASDAQ: CRUS) stock price dropped 12% on April 12 on concerns that it could lose some key orders from its top customer Apple (NASDAQ: AAPL). Revenue growth (0.4%) (22.6%) 11.1% 6.9% 30.1% Adjusted gross margin 49.7% 50.5% 52.7% 51.7% 52.1% Data source: Cirrus Logic. Cirrus simply has too much exposure to Apple compared to Skyworks, Lumentum, and other leading iPhone suppliers, and the replacement of the solid-state button in the upcoming iPhone 15 could severely throttle its near-term growth.
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Cirrus Logic's (NASDAQ: CRUS) stock price dropped 12% on April 12 on concerns that it could lose some key orders from its top customer Apple (NASDAQ: AAPL). That puts Cirrus in the same category as other Apple suppliers like Skyworks Solutions and Lumentum, which relied on Apple for 58% and 29% of their revenues, respectively, in their latest fiscal years. Apple won't replace Cirrus' chips anytime soon, but it previously used audio chips from Analog Devices' Maxim in its AirPods instead of Cirrus' chips.
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Cirrus Logic's (NASDAQ: CRUS) stock price dropped 12% on April 12 on concerns that it could lose some key orders from its top customer Apple (NASDAQ: AAPL). Therefore, investors shouldn't be too surprised if Apple eventually courts other suppliers to reduce its dependence on Cirrus' chips. Cirrus simply has too much exposure to Apple compared to Skyworks, Lumentum, and other leading iPhone suppliers, and the replacement of the solid-state button in the upcoming iPhone 15 could severely throttle its near-term growth.
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16328.0
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2023-04-14 00:00:00 UTC
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Stock Market News for Apr 14, 2023
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AAPL
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https://www.nasdaq.com/articles/stock-market-news-for-apr-14-2023
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nan
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nan
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Wall Street closed sharply higher on Thursday, riding on encouraging economic data. Producer-side inflation’s coming in well below expectations and jobless claims numbers suggesting a loosening labor market indicated that the central bank’s policies are taking effect, lifting investor mood. All three major indexes ended firmly in the green.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 1.1% or 383.19 points to close at 34,029.69. Twenty-eight components of the 30-stock index ended in positive territory, while two ended in negative.
The S&P 500 advanced 1.3% or 54.27 points to close at 4,146.22. Ten of the 11 broad sectors of the benchmark index ended in positive territory. The Consumer Discretionary Select Sector SPDR (XLY), the Communication Services Select Sector SPDR (XLC) and the Technology Select Sector SPDR (XLBK) gained 2.2%, 2.1% and 1.9%, respectively, while the Real Estate Select Sector SPDR (XLRE) lost 0.3%.
The tech-heavy Nasdaq added 236.94 points, or 2%, to finish at 12,166.27, led by mega-cap tech stocks.
The fear-gauge CBOE Volatility Index (VIX) was down 6.8% at 17.80. A total of 10.4 billion shares were traded on Thursday, lower than the last 20-session average of 11.5 billion. Advancers outnumbered decliners on the NYSE by a 2.71-to-1 ratio. On the Nasdaq, a 2.55-to-1 ratio favored advancing issues.
PPI Numbers Come in Significantly Lower
According to a report by the Labor Department released on Thursday, the producer price index (PPI) for final demand dropped 0.5% in March. Data for February was revised to unchanged instead of falling 0.1%, as previously reported. This unexpected negative return is being attributed to the fall in gasoline prices.
Core PPI, which excludes the food and energy prices, rose 0.3% after a similar gain in February. In the 12 months through to March, PPI advanced 2.7%, its smallest year-on-year rise in over two years. This follows a 4.9% annual advance in February.
Coupled with the CPI report from the earlier session, which had shown commodity prices barely going up in March, this latest producer-side inflation report became a reason to cheer for investors. This is because these economic numbers are now definitively suggesting that the stringent Fed policy measures have started taking effect and are slowing the economy. That, in turn, means that the central bank would be taking stock and contemplating on whether to loosen its grip.
In recent sessions, the market has been pricing in a 25 bps hike from the Fed’s May meeting. However, the latest inflation numbers and other economic indicators have suggested that even a rate pause may be in the cards. As has been the case over the past year or so on gaining sessions, mega-cap growth stocks like tech and consumer discretionaries made the most of the day’s spoils.
Consequently, shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN advanced 3.4% and 4.7%, respectively. Both carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Initial Claims Point Toward a Loosening Labor Market
The Labor Department said on Thursday that initial jobless claims rose to 239,000, increasing 11,000 for the week ending Apr 8, from the previous week's unrevised level. The four-week moving average increased to 240,000, marking a rise of 2,250 from the previous week’s unrevised average of 237,750.
Continuing claims came in at 1,810,000 for the week ending Apr 1, decreasing 13,000 from the previous week’s unrevised level. The 4-week moving average came in at 1,813,500, an increase of 9,500 from the previous week's unrevised average. This is the highest level for this average since Nov 13, 2021, when it was 2,007,000.
With job-seekers increasingly applying for unemployment benefits, it may be surmised that the labor market is gradually losing steam. Market participants slipped back into the “bad news is good news” mode on the release of this report and are currently hedging their bets in favor of the Fed taking these labor numbers into account when they meet next in May for their policy planning.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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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Consequently, shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN advanced 3.4% and 4.7%, respectively. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Producer-side inflation’s coming in well below expectations and jobless claims numbers suggesting a loosening labor market indicated that the central bank’s policies are taking effect, lifting investor mood.
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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 To read this article on Zacks.com click here. Consequently, shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN advanced 3.4% and 4.7%, respectively. Producer-side inflation’s coming in well below expectations and jobless claims numbers suggesting a loosening labor market indicated that the central bank’s policies are taking effect, lifting investor mood.
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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 To read this article on Zacks.com click here. Consequently, shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN advanced 3.4% and 4.7%, respectively. PPI Numbers Come in Significantly Lower According to a report by the Labor Department released on Thursday, the producer price index (PPI) for final demand dropped 0.5% in March.
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Consequently, shares of Apple Inc. AAPL and Amazon.com, Inc. AMZN advanced 3.4% and 4.7%, respectively. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Producer-side inflation’s coming in well below expectations and jobless claims numbers suggesting a loosening labor market indicated that the central bank’s policies are taking effect, lifting investor mood.
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16329.0
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2023-04-14 00:00:00 UTC
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Should Investors Buy Netflix Before Q1 Earnings?
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AAPL
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https://www.nasdaq.com/articles/should-investors-buy-netflix-before-q1-earnings
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nan
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nan
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Netflix (NFLX) will be a highlight of next week’s earnings lineup set to report its first-quarter results on April 18.
With Netflix stock having a strong performance this year investors may be wondering if it’s time to invest in the streaming giant.
Let’s see if Netflix stock is a buy right now or if there might be better opportunities ahead.
Q1 Preview
The Zacks Consensus Estimate for Netflix’s Q1 earnings is $2.81 per share, which would be a -20% decline from EPS of $3.53 in the prior-year quarter. Sales are expected to be up 4% at $8.18 billion Vs. $7.87 billion in Q1 2022.
The dip in Netflix’s YoY quarterly bottom line is attributed to the launch of its paid-sharing service which will allow a paying subscriber to add one “extra member” to their profile. This deployment was issued to lower the usage of password sharing to multiple non-paying members with Netflix hoping it will add back to its earnings and revenue in the long haul.
Earnings ESP: The Zacks Expected Surprise Prediction indicates that Netflix could slightly miss Q1 earnings expectations with the Most Accurate Estimate at $2.79 per share and roughly 1% below the Zacks Consensus.
Image Source: Zacks Investment Research
Subscriber Growth
Despite the possibility of missing EPS expectations, Netflix stock can largely thrive on increasing subscriber numbers as it shows the ability of the company to retain members and grow going forward.
Netflix’s performance after its quarterly reports can largely depend on its subscriber growth more so than its top and bottom line results. This is especially true with the company facing increased streaming competition from Disney (DIS), Comcast (CMCSA), and Apple (AAPL).
To what would be a delight for investors, Netflix is forecasted to have added up to 3.71 million subscribers during Q1. This is compared to a loss of -200,000 subscribers in the same period last year which was the company’s first quarterly membership loss in over a decade. Still leading the streaming space, Netflix is now expected to have around 234.71 million subscribers a 1% increase from last quarter and year-end 2022.
Image Source: Zacks Investment Research
Performance & Valuation
Netflix stock is +15% year to date to match the Nasdaq and its main streaming competitor Disney’s performances while topping the S&P 500’s +8%. Netflix shares have now rallied 38% over the last six months to largely outperform Disney’s +2% and the broader indexes.
Image Source: Zacks Investment Research
Shares of NFLX trade at $337 per share and 30.9X forward earnings which is well below its extreme decade-long high of 513.4X and 71% beneath the median of 106X. While Netflix does trade above its industry average of 12.4X, Wall Street has historically been ok with paying a premium for the company's grwoth prospects as a leader and pioneer in its space.
Furthermore, with its P/E valuation more attractive relative to its past its noteworthy that Netflix is now trading closer to Disney’s 25.3X forward earnings.
Outlook
Netflix earnings are expected to jump 12% this year and climb another 26% in fiscal 2024 at $14.18 per share. However, earnings estimate revisions have started to decline over the last 30 days. On the top line, sales are forecasted to be up 8% in FY23 and rise another 11% in FY24 to $38.06 billion.
Image Source: Zacks Investment Research
Bottom Line
Gong into its Q1 report Netflix stock lands a Zacks Rank #3 (Hold). While the recent decline in earnings estimate revisions is somewhat concerning, Netflix’s annual top and bottom line growth is still expected to be strong over the next few years.
With that being said, first-quarter results and guidance will need to help reaffirm this and show that Netflix has the ability to continue expanding its subscriber base despite increasing competition from Disney and others.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
The Walt Disney Company (DIS) : 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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This is especially true with the company facing increased streaming competition from Disney (DIS), Comcast (CMCSA), and Apple (AAPL). Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. The dip in Netflix’s YoY quarterly bottom line is attributed to the launch of its paid-sharing service which will allow a paying subscriber to add one “extra member” to their profile.
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Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. This is especially true with the company facing increased streaming competition from Disney (DIS), Comcast (CMCSA), and Apple (AAPL). Image Source: Zacks Investment Research Performance & Valuation Netflix stock is +15% year to date to match the Nasdaq and its main streaming competitor Disney’s performances while topping the S&P 500’s +8%.
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Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. This is especially true with the company facing increased streaming competition from Disney (DIS), Comcast (CMCSA), and Apple (AAPL). Earnings ESP: The Zacks Expected Surprise Prediction indicates that Netflix could slightly miss Q1 earnings expectations with the Most Accurate Estimate at $2.79 per share and roughly 1% below the Zacks Consensus.
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This is especially true with the company facing increased streaming competition from Disney (DIS), Comcast (CMCSA), and Apple (AAPL). Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here. Netflix’s performance after its quarterly reports can largely depend on its subscriber growth more so than its top and bottom line results.
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16330.0
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2023-04-14 00:00:00 UTC
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After Hours Most Active for Apr 14, 2023 : ALKS, BHC, V, BSX, CMCSA, QQQ, BMY, MU, AAPL, AMZN, BAC, NEM
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-apr-14-2023-%3A-alks-bhc-v-bsx-cmcsa-qqq-bmy-mu-aapl-amzn-bac
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The NASDAQ 100 After Hours Indicator is up 11.51 to 13,091.03. The total After hours volume is currently 56,483,066 shares traded.
The following are the most active stocks for the after hours session:
Alkermes plc (ALKS) is unchanged at $29.35, with 5,112,086 shares traded. As reported in the last short interest update the days to cover for ALKS is 8.383276; this calculation is based on the average trading volume of the stock.
Bausch Health Companies Inc. (BHC) is unchanged at $7.49, with 2,551,595 shares traded. BHC's current last sale is 93.61% of the target price of $8.001.
Visa Inc. (V) is unchanged at $234.02, with 2,334,625 shares traded. As reported by Zacks, the current mean recommendation for V is in the "buy range".
Boston Scientific Corporation (BSX) is unchanged at $51.77, with 2,237,084 shares traded., following a 52-week high recorded in today's regular session.
Comcast Corporation (CMCSA) is +0.07 at $38.03, with 1,698,817 shares traded. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.48 at $319.05, with 1,592,026 shares traded. This represents a 25.48% increase from its 52 Week Low.
Bristol-Myers Squibb Company (BMY) is +0.04 at $70.49, with 975,216 shares traded. BMY's current last sale is 85.96% of the target price of $82.
Micron Technology, Inc. (MU) is +0.06 at $62.69, with 923,088 shares traded. As reported by Zacks, the current mean recommendation for MU is in the "buy range".
Apple Inc. (AAPL) is +0.06 at $165.27, with 866,424 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Amazon.com, Inc. (AMZN) is +0.1118 at $102.62, with 853,879 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
Bank of America Corporation (BAC) is +0.07 at $29.59, with 800,294 shares traded.BAC is scheduled to provide an earnings report on 4/18/2023, for the fiscal quarter ending Mar2023. The consensus earnings per share forecast is 0.79 per share, which represents a 80 percent increase over the EPS one Year Ago
Newmont Corporation (NEM) is +0.03 at $49.55, with 788,469 shares traded. NEM's current last sale is 86.93% of the target price of $57.
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 +0.06 at $165.27, with 866,424 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". As reported in the last short interest update the days to cover for ALKS is 8.383276; this calculation is based on the average trading volume of the stock.
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Apple Inc. (AAPL) is +0.06 at $165.27, with 866,424 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 56,483,066 shares traded.
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Apple Inc. (AAPL) is +0.06 at $165.27, with 866,424 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 56,483,066 shares traded.
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Apple Inc. (AAPL) is +0.06 at $165.27, with 866,424 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 11.51 to 13,091.03.
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16331.0
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2023-04-14 00:00:00 UTC
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Apple Stock (NASDAQ:AAPL): VR Headset Expectations May be Too Low
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AAPL
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https://www.nasdaq.com/articles/apple-stock-nasdaq%3Aaapl%3A-vr-headset-expectations-may-be-too-low
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nan
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nan
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It's hard to remember the last time Apple (NASDAQ:AAPL) stock had this many intriguing catalysts on the horizon. With the ongoing services push and the VR headset likely a few quarters away, the company seems well-positioned to effectively leverage innovation to plow through a coming recession.
Undoubtedly, all the hype surrounding the Metaverse has faded significantly over the past year (it's all about generative AI and ChatGPT these days), with the value of metaverse real estate taking a massive hit to the chin.
Though I'm not impressed with the current state of Meta Platforms' (NASDAQ:META) metaverse, I believe it's too soon to dismiss the potential of the Metaverse and the rise of virtual and augmented reality as some sort of bubble.
As Apple moves closer to unveiling its much-anticipated headset, low expectations could set the stage for something truly delightful. As such, I remain bullish, even as Apple stock continues its march to new highs.
Meta's Metaverse Has Some Questioning VR's Future
As Meta progresses with its "year of efficiency," its ambitious metaverse efforts will probably take a backseat. Undoubtedly, Meta hasn't been able to onboard users at the rate of other emerging technologies (like ChatGPT). Last year, former Oculus top boss Palmer Luckey slammed Meta's metaverse as "not good" and "not fun." Such comments are discouraging but not a sign that the Metaverse is going nowhere.
There are many reasons for the Metaverse's relatively sluggish start. The high price of admission with premium headsets, the lack of a "killer" app, and a less-than-impressive look and feel are likely what's holding back the Metaverse from having its iPhone or ChatGPT moment.
Over the coming years, it will be interesting to see if Apple's take on the Metaverse will bring the Metaverse hype back to where it was in 2021. At this juncture, though, it seems like investors have tempered their expectations. That's a good thing for Apple as it puts the finishing touches on its next big thing.
These days, the Metaverse is easy to dismiss as a nascent technology that may not be able to "take off" anytime in the near future. It's always difficult to gauge when such an emerging technology has its big moment.
Currently, I believe it's hardware that's holding back truly next-generation VR and AR experiences. As many VR users may know, it's too easy to get nauseated by a VR experience, especially on cheaper, lower-end devices with lower frame rates on lower-resolution panels.
Meta has a high-end Oculus Quest Pro headset for $1,499.99, fully equipped with the latest and greatest hardware. Still, reviews have been mixed, with some feeling that the device has launched too early in the game. Just how early remains the billion-dollar question!
For Meta, being too early to the Metaverse race could carry its fair share of risks as Apple and other potential rivals look to learn from Meta's mistakes and triumphs. Indeed, being a first-mover isn't always what it's cracked up to be, at least in the world of nascent tech.
As higher-end headsets get less bulky and more capable with every release, it's hard to imagine the Metaverse slowly fading into the background anytime soon. Yes, the hype got out of hand in 2021, but with reset expectations, the Metaverse still seems like one of the trends (along with AI) to keep tabs on as an investor.
Apple's Expertise Could Help VR and AR Take Center Stage Again
As Apple looks to make a splash in mixed reality with a headset, it must find the right balance between cost and performance. Fortunately, the firm has excelled at providing a good mix of options with its iPhone hardware. The "good, better, best" hardware tiers could translate well into new hardware categories.
Unlike most other firms, Apple's lowest-end tier doesn't compromise when it comes to the capabilities of the hardware. It may lack a cutting-edge feature exclusive to "Pro" models, with lower-quality materials used (let's say aluminum over stainless steel). However, in terms of value, Apple still offers an exceptional experience for those on a budget.
Even a low-tier device needs to deliver a mind-blowing experience when it comes to mixed reality. Otherwise, some may dismiss the VR or AR as "not yet ready."
If truly competent hardware to power incredible virtual experiences isn't here yet, it's probably very close. Apple's Silicon chips can deliver truly ground-breaking performance without being a sink on power.
Apple's M-series chips, rumored to be included in the coming headset, could help make the augmented or virtual experiences we dream about a reality. That said, there's one caveat: such a premium headset will cost a considerable sum.
According to a report from The Information, such a high-end headset could cost as much as $3,000. That's double the price of Meta's Quest Pro.
Of course, it'd be nice to allow the average consumer to experience genuinely immersive virtual experiences at a low price point. However, in the early stages, it seems like only those with fat wallets will be able to get an early glimpse of truly next-generation mixed reality.
Is AAPL Stock a Buy, According to Analysts?
Turning to Wall Street, AAPL stock comes in as a Strong Buy. Out of 29 analyst ratings, there are 23 Buys, five Holds, and one Sell recommendation.
The average Apple stock price target is $171.16, implying upside potential of 3.6%. Analyst price targets range from a low of $107.00 per share to a high of $205.00 per share.
The Bottom Line on Apple Stock
In due time, high-caliber headset hardware will get cheaper. As it does, the floodgates will gradually open in the Metaverse market. Unlike ChatGPT's adoption, which skyrocketed to the moon in what seemed like an instant, broader adoption of headsets could take many years. As Apple looks to unveil its headset, I'd look for the adoption rate to accelerate.
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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It's hard to remember the last time Apple (NASDAQ:AAPL) stock had this many intriguing catalysts on the horizon. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock comes in as a Strong Buy.
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It's hard to remember the last time Apple (NASDAQ:AAPL) stock had this many intriguing catalysts on the horizon. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock comes in as a Strong Buy.
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It's hard to remember the last time Apple (NASDAQ:AAPL) stock had this many intriguing catalysts on the horizon. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock comes in as a Strong Buy.
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It's hard to remember the last time Apple (NASDAQ:AAPL) stock had this many intriguing catalysts on the horizon. Is AAPL Stock a Buy, According to Analysts? Turning to Wall Street, AAPL stock comes in as a Strong Buy.
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16332.0
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2023-04-14 00:00:00 UTC
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KSA: This Overlooked Saudi Arabia ETF is Outshining the U.S. Markets
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AAPL
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https://www.nasdaq.com/articles/ksa%3A-this-overlooked-saudi-arabia-etf-is-outshining-the-u.s.-markets
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nan
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nan
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It’s well-known that emerging markets have underperformed U.S. markets in recent years. The S&P 500 (SPX) and Nasdaq (NDX) boast annualized returns of roughly 16% and 17%, respectively, over the past three years. Therefore, it’s a tall order for other markets to keep up with these major U.S. indices. However, there are some diamonds in the rough that have bucked the trend. In fact, while it doesn’t receive much attention, the iShares Saudi Arabia ETF (NYSEARCA:KSA) has quietly posted a scintillating annualized return of nearly 20% over the past three years, outpacing both the S&P 500 and Nasdaq.
KSA has even vastly outperformed the broader emerging markets-focused iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), which has returned about 7% on an annualized basis over the same time frame. It also still has plenty of long-term potential ahead of it.
What is KSA ETF?
KSA is a $913 million iShares ETF from BlackRock (NYSE:BLK) that seeks to “track the investment results of a broad-based index composed of Saudi Arabian equities,” according to the ETF's fact sheet. As you may have guessed, the ticker derives from "Kingdom of Saudi Arabia," the country's official name.
While ETFs can be used to diversify one’s holdings or to invest in a sector as a whole instead of a single stock, they can also be used to gain exposure to markets that most investors would otherwise have difficulty accessing. This ETF is a good example of that, as it gives U.S. investors (and non-Saudi investors in general) a convenient way to gain access to the Saudi market, which has historically been closed off to foreign investors.
More Than Just Oil
When most people think of the Saudi Arabian economy, they obviously think of oil, which makes sense as Saudi Arabia is the world’s second-largest oil producer. Further, the oil company Saudi Aramco is the third-most valuable company in the world with a market cap of $1.92 trillion, trailing only Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).
While oil is clearly still the key cog of the Saudi economy, there is a lot more to this market than just oil. In fact, energy isn’t even the largest sector held by the iShares MSCI Saudi Arabia ETF -- financials take the top spot with a weighting of over 40% (as of the end of Q1 2023).
Banks like Al Rajhi Bank and Saudi National Bank are the fund’s top two holdings, with weightings of 13% and 9.6%, respectively. In fact, banks make up six of the ETF’s top 10 holdings. These banks benefit from a zero-interest deposit base as Islamic law dissuades individuals from collecting interest on loans, so they benefit from rising interest rates worldwide as they can allocate assets into interest-bearing assets but do not have to pay higher rates to their depositors.
The materials sector takes up 21% of the KSA ETF, and all other sectors, including energy, have single-digit percentage weightings. Below, you’ll find an overview of KSA’s top holdings using TipRanks' Holdings tool.
The ETF holds 111 positions, meaning that it covers a wide swath of the Saudi market. The top 10 holdings make up nearly 60% of assets, so it isn’t as diversified as it may look. That said, an ETF like this is more of a concentrated bet on a specific emerging market, so I don’t see that as necessarily being a problem here.
In addition to this prominent banking sector, Saudi Arabia has been working diligently to diversify its economy beyond energy in recent years under its ‘Vision 2030’ plan. Saudi Arabia is also trying to modernize its capital markets and increase access to them, which should further benefit Saudi stocks. IPOs are increasing in frequency -- recent examples include Elm, a fintech company, and Americana Restaurants, which owns the franchises of Yum! Brands restaurants like Pizza Hut and KFC in the region.
Under Mohammed bin Salman, Saudi Arabia's Public Investment Fund is becoming well-known for making large investments outside of the oil industry, such as purchasing Newcastle United in the English Premier League as well as launching the upstart LIV Golf tour, which has pried quite a few high-profile golfers away from the more established PGA Tour.
Other high-profile investments include a $45 billion investment in the Softbank Vision Fund, a major venture capital fund led by famed technology investor Masa Son and a large stake in Uber (NYSE:UBER).
Of course, even with this significant effort to diversify, it should be noted that oil still plays a massive role in the overall Saudi economy. When oil prices are up, this is good for the Saudi economy as a whole and drives growth in these other sectors like banking, construction, and consumer discretionary. Conversely, when oil is down, this is a net negative for the rest of the economy.
A Demographic Boost
Saudi Arabia is also intriguing from a demographic perspective. It has a very young population, with a median age of under 30. It has experienced a population boom in recent decades, and its population continues to grow at 1.6% per year.
Additionally, more women are beginning to enter the workforce as reforms take hold. This means that Saudi Arabia could benefit from a strong workforce and growing demand in the future when many developed nations are going to be dealing with aging populations and shrinking workforces.
A Relatively High Expense Ratio but Reasonable Valuation
One negative about KSA is that with an expense ratio of 0.74%, the fees are relatively high, but this is a more difficult market to access, and there aren’t many alternatives for interested investors. Furthermore, it’s not out-of-line with other country-specific ETFs that focus on markets that are more off the beaten path.
For comparison, the much larger aforementioned EEM ETF has an expense ratio of 0.68%. These types of ETFs generally have higher expense ratios than investing in an S&P 500 ETF. KSA stock also pays a dividend, and it currently yields approximately 1.9%.
One other factor to note is that in terms of valuation, KSA’s holdings are in an interesting place after the fund’s impressive three-year run. With an average P/E ratio of just under 16, they are cheaper than the average multiple for the S&P 500 (currently 23.6), but they are more expensive than emerging markets as a whole -- EEM’s holdings have an average price-to-earnings ratio of 11.2.
Investor Takeaway
Based on its strong recent performance and the potential for further growth as the economy diversifies and the population and workforce expand, Saudi Arabia presents an appealing long-term investment opportunity. KSA gives investors a convenient way to unlock access to this market.
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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Further, the oil company Saudi Aramco is the third-most valuable company in the world with a market cap of $1.92 trillion, trailing only Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). In fact, while it doesn’t receive much attention, the iShares Saudi Arabia ETF (NYSEARCA:KSA) has quietly posted a scintillating annualized return of nearly 20% over the past three years, outpacing both the S&P 500 and Nasdaq. In fact, energy isn’t even the largest sector held by the iShares MSCI Saudi Arabia ETF -- financials take the top spot with a weighting of over 40% (as of the end of Q1 2023).
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Further, the oil company Saudi Aramco is the third-most valuable company in the world with a market cap of $1.92 trillion, trailing only Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). In fact, while it doesn’t receive much attention, the iShares Saudi Arabia ETF (NYSEARCA:KSA) has quietly posted a scintillating annualized return of nearly 20% over the past three years, outpacing both the S&P 500 and Nasdaq. KSA has even vastly outperformed the broader emerging markets-focused iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), which has returned about 7% on an annualized basis over the same time frame.
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Further, the oil company Saudi Aramco is the third-most valuable company in the world with a market cap of $1.92 trillion, trailing only Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). This ETF is a good example of that, as it gives U.S. investors (and non-Saudi investors in general) a convenient way to gain access to the Saudi market, which has historically been closed off to foreign investors. More Than Just Oil When most people think of the Saudi Arabian economy, they obviously think of oil, which makes sense as Saudi Arabia is the world’s second-largest oil producer.
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Further, the oil company Saudi Aramco is the third-most valuable company in the world with a market cap of $1.92 trillion, trailing only Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). What is KSA ETF? In fact, banks make up six of the ETF’s top 10 holdings.
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16333.0
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2023-04-14 00:00:00 UTC
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Why These Simple S&P 500 ETFs Can Outperform This 12.4%-Yielding ETF
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AAPL
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https://www.nasdaq.com/articles/why-these-simple-sp-500-etfs-can-outperform-this-12.4-yielding-etf
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nan
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nan
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Sometimes when investors (myself included) see an ETF like the Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) yielding 12.4%, their immediate inclination is to hit the Buy button in their brokerage account and start collecting those massive dividends. However, this article will explain why buying a simple, low-cost S&P 500 (SPX) ETF like the Vanguard S&P 500 ETF (NYSEARCA:VOO) or the SPDR S&P 500 ETF (NYSEARCA:SPY), even though they each sport much smaller dividend yields of 1.6%, is likely a more fruitful strategy over the long run.
What Does XYLD ETF Do?
XYLD is a $2.5 billion ETF from Global X that, according to Global X, uses a “‘covered call’ or ‘buy-write’ strategy, in which the fund buys the stocks in the S&P 500 Index and ‘writes’ or ‘sells’ corresponding call options on the same index.” Global X states that the fund “seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.”
Essentially, XYLD is selling covered calls against the positions it owns and collects options premiums to generate additional income and achieve this high yield. This isn’t a bad strategy per se, and it certainly generates a high yield, as evidenced by XYLD’s 12.4% yield. Global X has a number of ETFs that employ this same strategy using other major indices, such as the Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD) and the Global X Russell 2000 Covered Call ETF (NASDAQ:RYLD).
XYLD has a consistent track record as a dividend ETF -- it has made monthly payouts for nine years in a row. Furthermore, XYLD deserves credit for growing its annual dividend payout substantially over the last few years. After reducing its annual payout from $3.15 in 2018 to $2.79 in 2019, the dividend has come roaring back, with annual payouts of $3.11 in 2020, $4.58 in 2021, and $5.29 in 2022.
XYLD is a diversified ETF -- as an S&P 500 ETF, it holds 505 positions, and its top 10 holdings account for under 30% of assets. Below, you’ll find a comprehensive overview of XYLD stock's top holdings using TipRanks’ holdings screen.
XYLD’s top holdings mirror that of the S&P 500 itself. Apple (NASDAQ:AAPL) is the top holding with a 7.3% weighting, followed by Microsoft (NASDAQ:MSFT) with a 6.5% weighting.
The rest of the top 10 consists of mega-cap tech names like Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), both share classes of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), and Meta Platforms (NASDAQ:META), plus non-tech mega caps Berkshire Hathaway (NYSE:BRK.B), UnitedHealth Group (NYSE:UNH) and ExxonMobil (NYSE:XOM).
This is a strong collection of blue-chip stocks, and you’ll notice that they collectively boast strong Smart Scores. Apple, Amazon, Microsoft, Nvidia, Alphabet, Tesla, and UnitedHealth Group all have Smart Scores of 8 out of 10 or above, equivalent to an Outperform rating based on TipRanks' proprietary system.
XYLD stock itself enjoys a strong Smart Score of 8 out of 10 and screens positively on other factors that TipRanks monitors, like Blogger Sentiment and Crowd Wisdom.
Additionally, the analyst community has a relatively favorable outlook on XYLD. It has a Moderate Buy consensus rating from analysts, and the average XYLD stock price target of $46.31 implies 13.8% upside potential.
Of the 6,317 analyst ratings on XYLD, 57.81% are Buys, 36.57% are Holds, and 5.62% are Sells.
One Negative About XYLD to Consider
Between this strong collection of holdings, monthly payout, and 12.4% yield, XYLD certainly has its appeal to income investors. However, one thing that investors should note is that selling covered calls against these positions will cap some of XYLD’s upside in an environment where the S&P 500 is performing well, so you are more or less making a partial tradeoff between yield and capital appreciation.
Furthermore, there’s another factor investors should consider before jumping in based on this mouth-watering yield.
XYLD's Long-Term Performance vs. SPY and VOO
XYLD has posted a very respectable annualized total return (capital appreciation plus reinvested dividends) of 11.26% over the past three years, so it is certainly not a long-term loser or an investment that has lost money. However, believe it or not, based on total return, this complex strategy has actually trailed simply investing in the S&P 500 through a vanilla strategy like the aforementioned Vanguard S&P 500 ETF or SPDR S&P 500 ETF over the same time frame.
That’s because the Vanguard S&P 500 ETF and the SPDR S&P 500 ETF have both returned an even more impressive 15.4% on an annualized basis over the past three years.
Going out to a five-year time horizon, the gap in performance becomes more pronounced. Over the past five years, XYLD has had an annualized total return of about 5.1%, while VOO and SPY have returned 10.9% and 10.8%, respectively, more than doubling the total return of the Global X S&P 500 Covered Call ETF. While investors didn't lose money, there was a significant opportunity cost here over the past decade.
I will give XYLD credit as its high yield helped it to outperform the plain S&P 500 ETFs in 2022 when it lost 12.1% versus losses of 18.2% for VOO and SPY. However, zoom out, and you'll see that just a few months into 2023, VOO and SPY are back on top with identical losses of 5.3% versus a loss of 7.2% for XYLD now that the broader market is rebounding.
See below for a chart comparing the performance of XYLD, VOO, and SPY over the last three years using TipRanks’ ETF Comparison Tool. (Note that this chart is cumulative rather than annualized and that the chart line for SPY covers that of VOO due to their near-identical performance).
Investor Takeaway
Over the years, despite its more exotic strategy, XYLD has trailed the simple strategies of the S&P 500 ETFs like VOO and SPY. What’s more, XYLD investors are paying much more in fees for this performance (or underperformance) than investors of VOO or SPY. XYLD’s expense ratio of 0.6% is more than six times higher than SPY’s investor-friendly 0.09% expense ratio and an incredible 20 times higher than VOO’s minuscule 0.03% expense ratio.
See below for a comparison of fees using TipRank’s ETF Comparison Tool.
The holdings of VOO and SPY are nearly identical to those of XYLD, just without the layer of complexity added in, so an investor in those ETFs is still getting exposure to the same group of blue-chip holdings with strong Smart Scores.
Ultimately, the double-digit yield and monthly payout of XYLD are tempting, especially for income investors. However, to build a larger overall portfolio with better total returns, investors can likely benefit from keeping it simple and investing in either VOO or SPY.
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) is the top holding with a 7.3% weighting, followed by Microsoft (NASDAQ:MSFT) with a 6.5% weighting. Apple, Amazon, Microsoft, Nvidia, Alphabet, Tesla, and UnitedHealth Group all have Smart Scores of 8 out of 10 or above, equivalent to an Outperform rating based on TipRanks' proprietary system. XYLD stock itself enjoys a strong Smart Score of 8 out of 10 and screens positively on other factors that TipRanks monitors, like Blogger Sentiment and Crowd Wisdom.
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Apple (NASDAQ:AAPL) is the top holding with a 7.3% weighting, followed by Microsoft (NASDAQ:MSFT) with a 6.5% weighting. Global X has a number of ETFs that employ this same strategy using other major indices, such as the Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD) and the Global X Russell 2000 Covered Call ETF (NASDAQ:RYLD). The rest of the top 10 consists of mega-cap tech names like Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), both share classes of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), and Meta Platforms (NASDAQ:META), plus non-tech mega caps Berkshire Hathaway (NYSE:BRK.B), UnitedHealth Group (NYSE:UNH) and ExxonMobil (NYSE:XOM).
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Apple (NASDAQ:AAPL) is the top holding with a 7.3% weighting, followed by Microsoft (NASDAQ:MSFT) with a 6.5% weighting. XYLD is a $2.5 billion ETF from Global X that, according to Global X, uses a “‘covered call’ or ‘buy-write’ strategy, in which the fund buys the stocks in the S&P 500 Index and ‘writes’ or ‘sells’ corresponding call options on the same index.” Global X states that the fund “seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.” Essentially, XYLD is selling covered calls against the positions it owns and collects options premiums to generate additional income and achieve this high yield. Global X has a number of ETFs that employ this same strategy using other major indices, such as the Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD) and the Global X Russell 2000 Covered Call ETF (NASDAQ:RYLD).
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Apple (NASDAQ:AAPL) is the top holding with a 7.3% weighting, followed by Microsoft (NASDAQ:MSFT) with a 6.5% weighting. What Does XYLD ETF Do? Of the 6,317 analyst ratings on XYLD, 57.81% are Buys, 36.57% are Holds, and 5.62% are Sells.
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2023-04-14 00:00:00 UTC
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2 Hypergrowth Tech Stocks to Buy in 2023 and Beyond
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AAPL
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https://www.nasdaq.com/articles/2-hypergrowth-tech-stocks-to-buy-in-2023-and-beyond-0
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There are some stocks you can buy with almost a guarantee that they'll pay off over the long term, thanks to their history of impressive growth. The tech industry is filled with compelling options, thanks to the ever-developing nature of the market.
Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) are two attractive tech stocks. These companies have enjoyed immense growth over the last five and 10 years, with recent developments likely to see them continue flourishing. Apple dominates in consumer tech and digital services, while AMD is at the forefront of rapidly increasing demand for chips.
Here are two hypergrowth tech stocks to buy in 2023 and beyond.
1. Apple
Apple's stock soared 273% in the last five years and 936% in the last decade. The company's impressive growth has been primarily driven by its leading market shares in multiple areas of consumer tech, such as smartphones, tablets, headphones, and smartwatches. However, recent years have seen Apple develop a booming services business.
The tech giant's online services include Apple TV+, Music, Fitness+, Arcade, News+, and iCloud, all accessible through monthly subscriptions. The digital business is strengthening Apple's revenue streams by offering impressive growth and lucrative profit margins and allowing it to lean less on its product segments.
In fiscal 2022, services earned the second-largest amount of revenue but reported double the growth of the iPhone, with 14% compared to 7%. Additionally, services profit margins hit 71.7%, while the same metric for products came to 36.3%.
Steep rises in inflation over the last couple of years have caused reductions in consumer spending on tech, affecting several companies in the space. In fact, according to research from IDC, Apple experienced a 40.5% decline in its Mac shipments in the first quarter of 2023, more than any of its biggest rivals.
The company's dominance in the industry and its priority on quality products will likely see it back on top over the long term. However, Apple's services business has helped it remain a hypergrowth tech stock worth an investment this year, with its $98 billion in free cash flow as of Dec. 30, 2022, proving it has the funds to overcome short-term hurdles.
2. Advanced Micro Devices
AMD has built itself into a tech behemoth, developing powerful chips with applications in various high-growth industries. As a result, its stock skyrocketed by 857% over the last five years and over 3,600% over the last 10. The company is a well-rounded option to invest in multiple swiftly expanding markets such as cloud computing, artificial intelligence (AI), gaming, and data centers.
The tech giant's diverse business paid off amid an economically challenging 2022, with its fiscal revenue rising 44% last year despite headwinds in its consumer-centered segments. Much of the growth came from data centers where AMD uses its graphics processing units (GPUs) and central processing units (CPUs) to power servers worldwide and run cloud platforms like Microsoft's Azure, Alphabet's Google Cloud, and Oracle. Recent advances in AI boosted many cloud services, with AMD in a prime position to profit from their development.
Moreover, AMD is steadily growing its dominance in semi-custom chips, achieving an 83% market share in game console processors. The company is the exclusive provider of chips for Microsoft's Xbox Series X|S and Sony's PlayStation 5 consoles, supplying the graphics and processing power necessary to run these machines. The success of both consoles boosted AMD's gaming segment in 2022, with revenue rising 21% year over year.
AMD's forward price/earnings-to-growth ratio of 0.12, which accounts for future earnings, suggests its stock is a bargain alongside its financial prospects. Along with its history of hypergrowth, this tech stock is a screaming buy in 2023 and beyond.
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*Stock Advisor returns as of April 10, 2023
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 Advanced Micro Devices, 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 (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) are two attractive tech stocks. The company's impressive growth has been primarily driven by its leading market shares in multiple areas of consumer tech, such as smartphones, tablets, headphones, and smartwatches. However, Apple's services business has helped it remain a hypergrowth tech stock worth an investment this year, with its $98 billion in free cash flow as of Dec. 30, 2022, proving it has the funds to overcome short-term hurdles.
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Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) are two attractive tech stocks. Much of the growth came from data centers where AMD uses its graphics processing units (GPUs) and central processing units (CPUs) to power servers worldwide and run cloud platforms like Microsoft's Azure, Alphabet's Google Cloud, and Oracle. The success of both consoles boosted AMD's gaming segment in 2022, with revenue rising 21% year over year.
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Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) are two attractive tech stocks. Apple Apple's stock soared 273% in the last five years and 936% in the last decade. However, Apple's services business has helped it remain a hypergrowth tech stock worth an investment this year, with its $98 billion in free cash flow as of Dec. 30, 2022, proving it has the funds to overcome short-term hurdles.
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Apple (NASDAQ: AAPL) and Advanced Micro Devices (NASDAQ: AMD) are two attractive tech stocks. Recent advances in AI boosted many cloud services, with AMD in a prime position to profit from their development. The success of both consoles boosted AMD's gaming segment in 2022, with revenue rising 21% year over year.
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2023-04-14 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Rambus, Nvidia, Microsoft, Apple and Netflix
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AAPL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-rambus-nvidia-microsoft-apple-and-netflix
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For Immediate Release
Chicago, IL – April 14, 2023 – Today, Zacks Investment Ideas feature highlights Rambus RMBS, Nvidia NVDA, Microsoft MSFT, Apple AAPL and Netflix NFLX.
2 Types of Corrections, 3 Ways to Navigate Them
Investors Should Welcome Pullbacks
Wall Street is a complex and ever-changing entity, influenced by many factors such as the Federal Reserve, economic conditions, geopolitical events, and investor sentiment. While stocks can experience long streaks of price appreciation, corrections are a natural part of the market cycle. As the old saying goes, "Without pain, how could we know joy?"
Correcting through Price Versus Time
A correction through price tends to be a dramatic and sudden drop more times than not. The suddenness and velocity can lead to a domino effect, where falling prices cause more selling in what ultimately becomes a "self-fulfilling prophecy" of sorts. In early 2022, this phenomenon gave way to a correction through both price and time.
Conversely, when the stock market corrects through time, it usually means that the price is relatively stable, but the market experiences a brief period of consolidation or sideways price movement. During this time, investors may become hesitant and uncertain, leading to a dry-up in volume and a sideways price chop. Though a correction through time frustrates investors, it can be an essential building block for higher prices later.
Corrections through time are evidence of a more robust market. 2022 was indicative of an equity market that required a large correction or reset. Meanwhile, thus far, the current correction is more a sign of a pause in an uptrend.
Navigating Pullbacks
Market corrections are a normal part of the investing cycle and can often be short-lived. Regardless of whether a correction occurs through time or price, investors need to remain calm and avoid making impulsive, emotional decisions. Below are 3 tips on how to navigate a market correction:
Ask yourself, "What stocks are holding up best?": Relative strength is the most effective yet simple indicator at an investor's disposal during a correction. Think of a strong relative strength stock as a beach ball being held underwater. You can only hold the ball down for so long before it springboards back to the surface. Semiconductor leader Rambus was a prime example of relative strength in September 2022. In the yellow box on the chart below, notice how RMBS was hitting new highs while the S&P 500 Index was weak and retesting lows. Because 3-4 stocks tend to follow the market direction and RMBS didn't, the action was noteworthy.
Follow the Leaders: Leaders, or stocks that have been moving up the most in an uptrend are called leaders for a reason – they lead. Presently, tech, specifically semiconductors, are the leading stocks in the market. Innovative chip maker Nvidia is among the "cream of the crop" when it comes to true market leaders.
As such, regardless of whether or not you caught this year's breathtaking move in the stock, it bears watching. NVDA is pulling into trendline support and the 21-day moving average for the first time in 2023. If it can hold this zone, the correction may be short-lived. If the stock breaks this zone, the correction likely has longer to go.
Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft, Apple and Netflix.
Know your timeframe: Before a correction occurs, and before you decide to invest in the stock market, for that matter, you should be acutely aware of what you're willing to risk and your time frame. In this case, there is no right or wrong answer. However, your time frame should lead you to how you handle corrections. For example, a long-term investor should be able to take a 5-10% correction in the S&P 500 Index in stride. On the other hand, swing traders may need to stop themselves out of some positions in that case and readjust their portfolio. Either way, investors should prepare and have a clear-cut strategy ahead of time.
Conclusion
Price pullbacks are often thought of in a negative light by investors. However, as we explained above, they are a necessary ingredient for the market and can help lead the way for the next market move higher. To succeed, investors should stay calm, informed, and enter corrections with a clear action plan.
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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/performancefor information about the performance numbers displayed in this press release.
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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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For Immediate Release Chicago, IL – April 14, 2023 – Today, Zacks Investment Ideas feature highlights Rambus RMBS, Nvidia NVDA, Microsoft MSFT, Apple AAPL and Netflix NFLX. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Know your timeframe: Before a correction occurs, and before you decide to invest in the stock market, for that matter, you should be acutely aware of what you're willing to risk and your time frame.
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For Immediate Release Chicago, IL – April 14, 2023 – Today, Zacks Investment Ideas feature highlights Rambus RMBS, Nvidia NVDA, Microsoft MSFT, Apple AAPL and Netflix NFLX. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft, Apple and Netflix.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 14, 2023 – Today, Zacks Investment Ideas feature highlights Rambus RMBS, Nvidia NVDA, Microsoft MSFT, Apple AAPL and Netflix NFLX. Correcting through Price Versus Time A correction through price tends to be a dramatic and sudden drop more times than not.
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For Immediate Release Chicago, IL – April 14, 2023 – Today, Zacks Investment Ideas feature highlights Rambus RMBS, Nvidia NVDA, Microsoft MSFT, Apple AAPL and Netflix NFLX. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Correcting through Price Versus Time A correction through price tends to be a dramatic and sudden drop more times than not.
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2023-04-14 00:00:00 UTC
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Better Buy: Apple Stock vs. Disney Stock
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AAPL
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https://www.nasdaq.com/articles/better-buy%3A-apple-stock-vs.-disney-stock-1
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Apple (NASDAQ: AAPL) and The Walt Disney Company (NYSE: DIS) make attractive investments as leaders of their respective industries. These companies operate in vastly different areas of consumer goods, with perhaps the only overlap being their participation in streaming. However, their dominance in consumer tech and entertainment, two neverending commodities, means their stocks are almost guaranteed to gradually trend up over the long term.
Apple and Disney's stocks are both compelling buys, but if you only have room for one in your portfolio, you'll need to know which is the better buy. So let's find out.
1. Apple: A reputation of consistent growth
One of the best reasons to invest in Apple is its reputation for stability, which allows its stock to stay consistent amid short-term headwinds. For instance, a sell-off brought on by macroeconomic declines pulled the entire market down last year, with Apple not unscathed. However, as seen in the chart below, the company was one of the few to outperform the Nasdaq Composite.
Data by YCharts.
Apple's low volatility mainly stems from the fact that when its stock dips, people buy. The company's shares have soared 274% in the last five years and 941% in the last decade, attracting many investors to the immense growth it has traditionally delivered.
Apple shares will likely continue to deliver gains thanks to the potency of its brand. A priority on quality and ease of use with its products has led it to gain leading market shares in smartphones, tablets, smartwatches, and headphones. The company has proven time and time again that its brand has the power to dominate nearly any market it enters, with each of these industries led by different companies before Apple showed up on the scene.
As a result, reports that the tech giant has plans to launch its first-ever virtual/augmented reality headset later this year are promising. If its past success when entering new markets is anything to go by, an investment in Apple could be an investment in the future leader of the $31 billion industry, projected to hit $52 billion by 2027.
2. Disney: Back on a growth path
While Apple dominates consumer tech, 2023 sees The Walt Disney Company enter its 100th year of offering hard-hitting entertainment. As the home of brands such as Marvel, Star Wars, Pixar, and Walt Disney Studios, the company has achieved substantial market shares at the box office, theme parks, and streaming.
The House of Mouse has experienced a particularly challenging few years with COVID-19 pandemic closures followed by last year's economic downturn. As a result, despite a recent rally, Disney shares remain down 24% year over year. Investors have pulled back as the company's media and entertainment segment reported a 42% year-over-year drop in operating income in fiscal 2022, largely driven by a costly investment in streaming content.
However, Disney appears to be back on a growth path, with CEO Bob Iger planning to cut costs by $5.5 billion. The bulk of that would come from cuts to content spending, on the way to making the company's flagship streaming service, Disney+, profitable by 2024.
Another good sign for Disney's future is its plan to soon reinstate stock dividends after halting them amid pandemic headwinds in May 2020. The move would suggest the company's financial future is bright, with executives expecting earnings to grow going forward.
Disney's stock has slightly declined over the last five years but has risen 68% over the last decade. As a result, expect to hold this entertainment stock for the very long term to reap the rewards.
Is Apple or Disney the better buy?
Apple is no doubt the better buy between these companies. Its performance during an economically challenging 2022 makes its stock growth more reliable. Meanwhile, the company's stock is more attractive, considering Disney still has yet to bring back dividends. Apple's dividend isn't much, offering a 0.6% yield. However, Apple's immense stock growth over the last five years, alongside its dividend, will provide larger gains in the long term than Disney shares.
Moreover, Apple's free cash flow of $97.5 billion compared to Disney's $94 million as of Dec. 30 suggests the iPhone company is better equipped to overcome further economic declines if they should arise. So, if you're between these two market leaders, Apple stock is the better buy.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of April 10, 2023
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 Amazon.com, Apple, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) and The Walt Disney Company (NYSE: DIS) make attractive investments as leaders of their respective industries. As the home of brands such as Marvel, Star Wars, Pixar, and Walt Disney Studios, the company has achieved substantial market shares at the box office, theme parks, and streaming. Investors have pulled back as the company's media and entertainment segment reported a 42% year-over-year drop in operating income in fiscal 2022, largely driven by a costly investment in streaming content.
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Apple (NASDAQ: AAPL) and The Walt Disney Company (NYSE: DIS) make attractive investments as leaders of their respective industries. Disney: Back on a growth path While Apple dominates consumer tech, 2023 sees The Walt Disney Company enter its 100th year of offering hard-hitting entertainment. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney.
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Apple (NASDAQ: AAPL) and The Walt Disney Company (NYSE: DIS) make attractive investments as leaders of their respective industries. Apple and Disney's stocks are both compelling buys, but if you only have room for one in your portfolio, you'll need to know which is the better buy. Disney: Back on a growth path While Apple dominates consumer tech, 2023 sees The Walt Disney Company enter its 100th year of offering hard-hitting entertainment.
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Apple (NASDAQ: AAPL) and The Walt Disney Company (NYSE: DIS) make attractive investments as leaders of their respective industries. Disney: Back on a growth path While Apple dominates consumer tech, 2023 sees The Walt Disney Company enter its 100th year of offering hard-hitting entertainment. So, if you're between these two market leaders, Apple stock is the better buy.
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2023-04-14 00:00:00 UTC
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Warren Buffett Could Have Bought Any of 385 S&P 500 Companies With $66 Billion. Instead, He Piled It All Into 1 Stock
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AAPL
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https://www.nasdaq.com/articles/warren-buffett-could-have-bought-any-of-385-sp-500-companies-with-%2466-billion.-instead-he
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nan
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Few investors garner Wall Street's undivided attention quite like Warren Buffett. That's because the Oracle of Omaha has crushed the broad-market indexes since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) 58 years ago. In terms of aggregate return, Berkshire Hathaway's Class A shares (BRK.A) increased by 3,787,464%, through Dec. 31, 2022, 153 times greater than the total return, including dividends paid, of the S&P 500 over the same time frame.
Even though Buffett and his investing team have had their fair share of investing mistakes over nearly six decades, the Oracle of Omaha's long-term focus, portfolio concentration, and love of dividend stocks have helped produce these phenomenal returns.
For many investors, the big question is: What's Buffett buying now/next?
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Buffett and his team have been relatively steady buyers of equities
Thanks to required Form 13F filings with the Securities and Exchange Commission (SEC), investors can track what stocks Buffett's company is buying and selling. Putting aside the tepid buying activity observed during the fourth quarter of 2022, Buffett and his team have put tens of billions of dollars to work in Berkshire's nearly $340 billion investment portfolio.
For example, Warren Buffett and his investing lieutenants, Todd Combs and Ted Weschler, have purchased an estimated $34 billion worth of Apple (NASDAQ: AAPL) stock since the first quarter of 2016. While Buffett does love portfolio concentration, it's not like him to invest $34 billion in any single business unless he's absolutely enamored with the operating model and management team. Apple certainly checks those boxes.
Over the trailing-12-month period, Apple generated in excess of $109 billion in operating cash flow. That's a reflection of its ongoing physical product and subscription services innovation, as well as its exceptionally loyal customer base.
Warren Buffett also has to be pleased that Berkshire Hathaway's stake in Apple keeps climbing. Since the beginning of 2013, Apple has repurchased more than $550 billion of its stock. That's more than the value of nearly 99% of all S&P 500 companies.
We've seen Buffett and his lieutenants put plenty of capital to work in the energy sector, too. Approximately 211.7 million shares of Occidental Petroleum (NYSE: OXY) have been purchased by Berkshire Hathaway since 2022 began, while over 167 million shares of Chevron (NYSE: CVX) have been bought since the beginning of the fourth quarter of 2020.
These sizable investments in big oil are likely premised on the idea that the global energy supply chain remains broken. Three years of underinvestment by global energy majors during the COVID-19 pandemic, topped off by Russia's invasions of Ukraine, makes it difficult for the supply of energy commodities to be meaningfully increased anytime soon. If demand for fossil fuels continues to steadily climb throughout the decade, the drilling segments for Occidental Petroleum and Chevron should benefit immensely.
Image source: Getty Images.
Warren Buffett plowed $66 billion into one stock in less than five years
Although Apple, Occidental Petroleum, and Chevron represent some of Berkshire Hathaway's most prominent holdings, they've all played second fiddle to a stock that Warren Buffett has purchased every single quarter, starting with the third quarter of 2018. Buffett has bought $66 billion worth of this stock in less than five years.
To put this into some context, 500 companies make up the market cap-weighted S&P 500. Out of those 500 companies, 385 (77%) ended last week with a market cap of less than $66 billion. Warren Buffett and his investment team could have purchased any one of these 385 S&P 500 companies but chose instead to pile $66 billion into one special stock.
However, there's a very good reason Buffett chose this path: The company he and executive vice chairman Charlie Munger OK'd buying $66 billion shares of since mid-2018 was their own.
On July 17, 2018, Berkshire Hathaway's board reworked the criteria governing share buybacks. Before this, share buybacks could be undertaken only if Berkshire Hathaway's stock fell to or below 120% of book value (i.e., no more than 20% above book value). For more than a half decade leading up to this July 2018 change, Berkshire's stock never fell to or below this threshold.
The new criteria allowed Buffett and Munger to repurchase Berkshire stock without any restrictions, as long as they agreed it was intrinsically cheap and the company had at least $30 billion in cash, cash equivalents, and U.S. Treasuries in its coffers.
Among the many tools at Warren Buffett's disposal, share buybacks are one of his favorite ways to give back to Berkshire's investors. Repurchasing stock lowers the number of outstanding shares, which thereby increases the ownership stakes of existing shareholders.
Additionally, lowering Berkshire Hathaway's outstanding share count through buybacks provides a boost to earnings per share. Share repurchases can be particularly rewarding for businesses like Berkshire Hathaway that tend to deliver steady or growing net income (sans unrealized investment gain/loss fluctuations).
This $66 billion investment is also a very clear message from Warren Buffett that he's confident in Berkshire Hathaway's long-term positioning. The Oracle of Omaha and his team have crammed their company's investment portfolio with cyclical businesses. Since economic expansions last considerably longer than recessions, this smart long-term bet should pay off handsomely for Berkshire Hathaway's patient shareholders.
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*Stock Advisor returns as of March 8, 2023
Sean Williams 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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For example, Warren Buffett and his investing lieutenants, Todd Combs and Ted Weschler, have purchased an estimated $34 billion worth of Apple (NASDAQ: AAPL) stock since the first quarter of 2016. While Buffett does love portfolio concentration, it's not like him to invest $34 billion in any single business unless he's absolutely enamored with the operating model and management team. Share repurchases can be particularly rewarding for businesses like Berkshire Hathaway that tend to deliver steady or growing net income (sans unrealized investment gain/loss fluctuations).
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For example, Warren Buffett and his investing lieutenants, Todd Combs and Ted Weschler, have purchased an estimated $34 billion worth of Apple (NASDAQ: AAPL) stock since the first quarter of 2016. That's because the Oracle of Omaha has crushed the broad-market indexes since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) 58 years ago. Even though Buffett and his investing team have had their fair share of investing mistakes over nearly six decades, the Oracle of Omaha's long-term focus, portfolio concentration, and love of dividend stocks have helped produce these phenomenal returns.
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For example, Warren Buffett and his investing lieutenants, Todd Combs and Ted Weschler, have purchased an estimated $34 billion worth of Apple (NASDAQ: AAPL) stock since the first quarter of 2016. Putting aside the tepid buying activity observed during the fourth quarter of 2022, Buffett and his team have put tens of billions of dollars to work in Berkshire's nearly $340 billion investment portfolio. Warren Buffett plowed $66 billion into one stock in less than five years Although Apple, Occidental Petroleum, and Chevron represent some of Berkshire Hathaway's most prominent holdings, they've all played second fiddle to a stock that Warren Buffett has purchased every single quarter, starting with the third quarter of 2018.
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For example, Warren Buffett and his investing lieutenants, Todd Combs and Ted Weschler, have purchased an estimated $34 billion worth of Apple (NASDAQ: AAPL) stock since the first quarter of 2016. Warren Buffett also has to be pleased that Berkshire Hathaway's stake in Apple keeps climbing. Since the beginning of 2013, Apple has repurchased more than $550 billion of its stock.
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16338.0
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2023-04-14 00:00:00 UTC
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Analysts Turning Bullish on Some QQQ Components
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AAPL
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https://www.nasdaq.com/articles/analysts-turning-bullish-on-some-qqq-components
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nan
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nan
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The Nasdaq-100 Index (NDX) is higher by nearly 20% year-to-date. Clearly, that’s good news for the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM), both of which track NDX.
An almost 20% gain in just three and a half months is impressive work for those exchange traded funds, and it might be enough to prompt some investors to believe upside for the duo from here is limited. Analysts covering some of the funds’ big holdings apparently disagree.
The bullish outlook for QQQ and QQQM is derived in part from Apple (AAPL), which is the second-largest holding in both ETFs at a weight of 12.24%.
“We believe iPhone demand was resilient during the quarter and therefore raise our revenue estimate to $93.27 billion from $92.19 billion (above consensus of $92.51 billion) and our EPS estimate to $1.45 from $1.43,” according to Credit Suisse.
The iPhone maker delivers quarterly results on May 4. In the interim, Apple is showing investors it is taking supply diversification seriously. In recent days, the California-based company revealed plans for manufacturing facilities in India and potentially Thailand in a bid to reduce its dependence on Chinese factories.
While QQQ and QQQM are growth-heavy ETFs, they each allocate 6.10% of their respective weights to the consumer staples sector. Analysts are bullish on PepsiCo (PEP) – the largest staples component in the Invesco funds.
“At PEP, we are opening a 30-day positive catalyst watch as we expect topline upside in the U.S. on strong scanner data trends and continued momentum in EMs, which should drive upside in Q1 and 2023 given conservative guidance,” according to a Citi note out Thursday.
Facebook parent Meta Platforms (META), which is rebounding sharply from last year’s woes, is a major communications services holding in QQQ and QQQM. Despite this year’s rally by the stock, some analysts believe it remains attractively valued with compelling quality traits.
“#1 META remains the cheapest of the high-quality ’Net and Tech Stocks with three under-appreciated product cycles likely to help generate a return to double-digit revenue growth,” noted Evercore ISI.
Elon Musk’s Tesla (TSLA), which ranks as the second-largest consumer cyclical holding in QQQ and QQQM, is also receiving sell-side adulation.
“TSLA’s leadership in scale, technology, manufacturing, cost, and depth of talent continue to differentiate it from competitors. We believe TSLA is best positioned to weather economic headwinds which appear imminent for 2H23 and believe the long-term setup is strong,” wrote Baird in a Thursday report to clients.
For more news, information, and analysis, visit the ETF Education Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The bullish outlook for QQQ and QQQM is derived in part from Apple (AAPL), which is the second-largest holding in both ETFs at a weight of 12.24%. In recent days, the California-based company revealed plans for manufacturing facilities in India and potentially Thailand in a bid to reduce its dependence on Chinese factories. “#1 META remains the cheapest of the high-quality ’Net and Tech Stocks with three under-appreciated product cycles likely to help generate a return to double-digit revenue growth,” noted Evercore ISI.
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The bullish outlook for QQQ and QQQM is derived in part from Apple (AAPL), which is the second-largest holding in both ETFs at a weight of 12.24%. Clearly, that’s good news for the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM), both of which track NDX. “We believe iPhone demand was resilient during the quarter and therefore raise our revenue estimate to $93.27 billion from $92.19 billion (above consensus of $92.51 billion) and our EPS estimate to $1.45 from $1.43,” according to Credit Suisse.
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The bullish outlook for QQQ and QQQM is derived in part from Apple (AAPL), which is the second-largest holding in both ETFs at a weight of 12.24%. Clearly, that’s good news for the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM), both of which track NDX. “We believe iPhone demand was resilient during the quarter and therefore raise our revenue estimate to $93.27 billion from $92.19 billion (above consensus of $92.51 billion) and our EPS estimate to $1.45 from $1.43,” according to Credit Suisse.
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The bullish outlook for QQQ and QQQM is derived in part from Apple (AAPL), which is the second-largest holding in both ETFs at a weight of 12.24%. Clearly, that’s good news for the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM), both of which track NDX. An almost 20% gain in just three and a half months is impressive work for those exchange traded funds, and it might be enough to prompt some investors to believe upside for the duo from here is limited.
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16339.0
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2023-04-14 00:00:00 UTC
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Kulicke and Soffa Industries, Inc. Should Be On Your Watchlist
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AAPL
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https://www.nasdaq.com/articles/kulicke-and-soffa-industries-inc.-should-be-on-your-watchlist
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nan
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nan
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While headwinds persist for the semiconductor industry, signs within the industry suggest not all is lost for Kulicke and Soffa Industries (NASDAQ: KLIC). High inventory and weak demand are plaguing some sections of the semiconductor market, and that is bad news for companies like AMD (NASDAQ: AMD), which recently marked down inventory. However, offsetting those weaknesses is high and rising demand for next-gen products to power next-gen technologies like NVIDIA’s (NASDAQ: NVDA) GeForce RTX series.
This means for Kullicke and Soffa that there is a demand to sustain the business, and its diversification is helping. Among the company’s customers are Skyworks Solutions (NASDAQ: SWKS) which supplies Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), which supplies the world’s leading EVs. The takeaway for investors is the dividend is safe, the company is buying back shares and a rebound is expected in the 2nd half.
The Analysts Set A High Bar For Kulicke and Soffa Industries
The analysts lowered their estimates for Q2 results after the company lowered its guidance, but they are still setting a high bar. The consensus for revenue is $171.75, about 150 basis points above guidance. Likewise, the $0.27 in EPS is also strong and sets the company up for underperformance when it next reports on May 5th. The full-year outlook isn’t any brighter, with revenue expected to fall double-digits compared to last year, but the weakness isn’t expected to last. Business is expected to accelerate in the 2nd half of the year and lead to growth in 2024. The consensus for 2024 is for revenue growth of 13% and earnings to nearly double on increased leverage.
"The near-term macro environment remains dynamic, although we continue to anticipate a period of improving demand in our second fiscal half driven by typical seasonal improvements within higher-volume markets, a larger weighting of advanced packaging and advanced display revenue and an improving book-to-bill ratio,” said CEO Fusen Chen in the Q1 report.
Marketbeat.com only tracks 3 analysts with current coverage, but it is all recent. The oldest came out in February and included a boosted target followed by another target increase and a reiterated Buy-rating. Together the analysts have the stock pegged at Moderate Buy with a price target about 25% above the current action. The low price target is $55, and even that assumes 10% of upside is available on top of the 1.55% dividend yield.
The company is a relatively safe dividend payer with a 1.55% yield. The company is paying out less than 45% of its recently-lowered earnings outlook, and the rate will improve next year. This is backed up by a fortress balance sheet allowing share repurchases. The company bought back 1.1 million shares or $45.4 million, worth about 1.6% of the market cap.
Market Dynamics Favor Higher Prices For KLIC Stock
The sell-side market dynamics favor higher prices for KLIC stock and may even result in a short squeeze. The institutions own 99% of the company and have been buying on balance, while short sellers run their interest up to 16% of the float. Add in a 3% inside interest, and the fuel for a short squeeze is there. The catalyst could be the Q2 results, but it will more likely be the guidance that moves this market sharply in any direction.
KLIC stock hit bottom last year and has been tending sideways ever since. The bias is upward, but a range exists with the top at $57.50. The market retreated to support at the mid-point of the range and may confirm it over the next few weeks. If so, this market may move higher, but there is a risk in the earnings report. If the market falls below current levels, it could retreat to $40 or lower.
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 company’s customers are Skyworks Solutions (NASDAQ: SWKS) which supplies Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), which supplies the world’s leading EVs. The takeaway for investors is the dividend is safe, the company is buying back shares and a rebound is expected in the 2nd half. Together the analysts have the stock pegged at Moderate Buy with a price target about 25% above the current action.
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Among the company’s customers are Skyworks Solutions (NASDAQ: SWKS) which supplies Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), which supplies the world’s leading EVs. While headwinds persist for the semiconductor industry, signs within the industry suggest not all is lost for Kulicke and Soffa Industries (NASDAQ: KLIC). The Analysts Set A High Bar For Kulicke and Soffa Industries The analysts lowered their estimates for Q2 results after the company lowered its guidance, but they are still setting a high bar.
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Among the company’s customers are Skyworks Solutions (NASDAQ: SWKS) which supplies Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), which supplies the world’s leading EVs. High inventory and weak demand are plaguing some sections of the semiconductor market, and that is bad news for companies like AMD (NASDAQ: AMD), which recently marked down inventory. The Analysts Set A High Bar For Kulicke and Soffa Industries The analysts lowered their estimates for Q2 results after the company lowered its guidance, but they are still setting a high bar.
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Among the company’s customers are Skyworks Solutions (NASDAQ: SWKS) which supplies Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), which supplies the world’s leading EVs. The takeaway for investors is the dividend is safe, the company is buying back shares and a rebound is expected in the 2nd half. The Analysts Set A High Bar For Kulicke and Soffa Industries The analysts lowered their estimates for Q2 results after the company lowered its guidance, but they are still setting a high bar.
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16340.0
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2023-04-13 00:00:00 UTC
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Canaccord Genuity Maintains Apple (AAPL) Buy Recommendation
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AAPL
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https://www.nasdaq.com/articles/canaccord-genuity-maintains-apple-aapl-buy-recommendation
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nan
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nan
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Fintel reports that on April 13, 2023, Canaccord Genuity maintained coverage of Apple (NASDAQ:AAPL) with a Buy recommendation.
Analyst Price Forecast Suggests 8.49% Upside
As of April 6, 2023, the average one-year price target for Apple is $173.69. The forecasts range from a low of $119.18 to a high of $215.25. The average price target represents an increase of 8.49% from its latest reported closing price of $160.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Apple is $413,641MM, an increase of 6.74%. The projected annual non-GAAP EPS is $6.36.
For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia.
What are Other Shareholders Doing?
Iyo Bank holds 67K shares representing 0.00% ownership of the company. No change in the last quarter.
Keb Asset Management holds 9K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 10K shares, representing a decrease of 5.83%. The firm decreased its portfolio allocation in AAPL by 99.93% over the last quarter.
NSFBX - Natixis Sustainable Future 2015 Fund Class N holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 11.96%. The firm decreased its portfolio allocation in AAPL by 13.12% over the last quarter.
Saxon Interests holds 35K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 36K shares, representing a decrease of 1.41%. The firm increased its portfolio allocation in AAPL by 23.77% over the last quarter.
Bank Julius Baer & Co. Ltd, Zurich holds 3,989K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 3,932K shares, representing an increase of 1.43%. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter.
What is the Fund Sentiment?
There are 6408 funds or institutions reporting positions in Apple. This is an increase of 203 owner(s) or 3.27% in the last quarter. Average portfolio weight of all funds dedicated to AAPL is 2.31%, a decrease of 40.18%. Total shares owned by institutions increased in the last three months by 0.35% to 10,154,214K shares.
The put/call ratio of AAPL is 1.01, indicating a bearish outlook.
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.
See all Apple regulatory filings.
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 April 13, 2023, Canaccord Genuity maintained coverage of Apple (NASDAQ:AAPL) with a Buy recommendation. The firm decreased its portfolio allocation in AAPL by 99.93% over the last quarter. The firm decreased its portfolio allocation in AAPL by 13.12% over the last quarter.
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Fintel reports that on April 13, 2023, Canaccord Genuity maintained coverage of Apple (NASDAQ:AAPL) with a Buy recommendation. The firm decreased its portfolio allocation in AAPL by 99.93% over the last quarter. The firm decreased its portfolio allocation in AAPL by 13.12% over the last quarter.
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Fintel reports that on April 13, 2023, Canaccord Genuity maintained coverage of Apple (NASDAQ:AAPL) with a Buy recommendation. The firm decreased its portfolio allocation in AAPL by 99.93% over the last quarter. The firm decreased its portfolio allocation in AAPL by 13.12% over the last quarter.
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Fintel reports that on April 13, 2023, Canaccord Genuity maintained coverage of Apple (NASDAQ:AAPL) with a Buy recommendation. The firm decreased its portfolio allocation in AAPL by 99.93% over the last quarter. The firm decreased its portfolio allocation in AAPL by 13.12% over the last quarter.
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16341.0
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2023-04-13 00:00:00 UTC
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Credit Suisse Maintains Apple (AAPL) Outperform Recommendation
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AAPL
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https://www.nasdaq.com/articles/credit-suisse-maintains-apple-aapl-outperform-recommendation
|
nan
|
nan
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Fintel reports that on April 13, 2023, Credit Suisse maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation.
Analyst Price Forecast Suggests 8.49% Upside
As of April 6, 2023, the average one-year price target for Apple is $173.69. The forecasts range from a low of $119.18 to a high of $215.25. The average price target represents an increase of 8.49% from its latest reported closing price of $160.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Apple is $413,641MM, an increase of 6.74%. The projected annual non-GAAP EPS is $6.36.
For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia.
What are Other Shareholders Doing?
EFG Asset Management holds 52K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 53K shares, representing a decrease of 1.95%. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter.
URTH - iShares MSCI World ETF holds 729K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 683K shares, representing an increase of 6.22%. The firm decreased its portfolio allocation in AAPL by 10.25% over the last quarter.
First National Bank Of Omaha holds 471K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 503K shares, representing a decrease of 6.78%. The firm decreased its portfolio allocation in AAPL by 99.92% over the last quarter.
Hutner Capital Management holds 14K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 9K shares, representing an increase of 34.81%. The firm increased its portfolio allocation in AAPL by 27.70% over the last quarter.
Provident Investment Management holds 10K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 6K shares, representing an increase of 41.74%. The firm decreased its portfolio allocation in AAPL by 99.85% over the last quarter.
What is the Fund Sentiment?
There are 6408 funds or institutions reporting positions in Apple. This is an increase of 203 owner(s) or 3.27% in the last quarter. Average portfolio weight of all funds dedicated to AAPL is 2.31%, a decrease of 40.18%. Total shares owned by institutions increased in the last three months by 0.35% to 10,154,214K shares.
The put/call ratio of AAPL is 1.01, indicating a bearish outlook.
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.
See all Apple regulatory filings.
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 April 13, 2023, Credit Suisse maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter. The firm decreased its portfolio allocation in AAPL by 10.25% over the last quarter.
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Fintel reports that on April 13, 2023, Credit Suisse maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter. The firm decreased its portfolio allocation in AAPL by 10.25% over the last quarter.
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Fintel reports that on April 13, 2023, Credit Suisse maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter. The firm decreased its portfolio allocation in AAPL by 10.25% over the last quarter.
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Fintel reports that on April 13, 2023, Credit Suisse maintained coverage of Apple (NASDAQ:AAPL) with a Outperform recommendation. The firm decreased its portfolio allocation in AAPL by 99.91% over the last quarter. The firm decreased its portfolio allocation in AAPL by 10.25% over the last quarter.
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16342.0
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2023-04-13 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-3
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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 $327.9 million dollar inflow -- that's a 0.1% increase week over week in outstanding units (from 743,250,000 to 744,050,000). Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is up about 2.1%, NVIDIA Corp (Symbol: NVDA) is up about 1%, and Alphabet Inc (Symbol: GOOGL) is higher by about 2.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average:
Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $451.97 as the 52 week high point — that compares with a last trade of $412.61. 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:
CPE Options Chain
ETFs Holding CAI
RHE Options Chain
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 up about 2.1%, NVIDIA Corp (Symbol: NVDA) is up about 1%, and Alphabet Inc (Symbol: GOOGL) is higher by about 2.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is up about 2.1%, NVIDIA Corp (Symbol: NVDA) is up about 1%, and Alphabet Inc (Symbol: GOOGL) is higher by about 2.1%. For a complete list of holdings, visit the IVV Holdings page » The chart below shows the one year price performance of IVV, versus its 200 day moving average: Looking at the chart above, IVV's low point in its 52 week range is $349.53 per share, with $451.97 as the 52 week high point — that compares with a last trade of $412.61. Click here to find out which 9 other ETFs had notable inflows » Also see: CPE Options Chain ETFs Holding CAI RHE Options Chain 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 up about 2.1%, NVIDIA Corp (Symbol: NVDA) is up about 1%, and Alphabet Inc (Symbol: GOOGL) is higher by about 2.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $327.9 million dollar inflow -- that's a 0.1% increase week over week in outstanding units (from 743,250,000 to 744,050,000). 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 $349.53 per share, with $451.97 as the 52 week high point — that compares with a last trade of $412.61.
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Among the largest underlying components of IVV, in trading today Apple Inc (Symbol: AAPL) is up about 2.1%, NVIDIA Corp (Symbol: NVDA) is up about 1%, and Alphabet Inc (Symbol: GOOGL) is higher by about 2.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $327.9 million dollar inflow -- that's a 0.1% increase week over week in outstanding units (from 743,250,000 to 744,050,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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16343.0
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2023-04-13 00:00:00 UTC
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US STOCKS-Wall St rallies to higher close as inflation data feeds Fed pause hopes
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rallies-to-higher-close-as-inflation-data-feeds-fed-pause-hopes
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nan
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nan
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By Stephen Culp
NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle.
All three major U.S. stock indexes surged, with interest rate sensitive megacaps providing the most upside muscle and pushing the tech-heavy Nasdaq to its biggest one-daypercentage jump in nearly a month.
Data released before the bell showed a steeper-than-expected cooldown in producer prices and coming in above consensus. Both signal that the Fed's hawkish barrage of rate hikes, which began over a year ago, is working as intended.
The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting.
"Markets rallied today following the lower inflation data this morning, as it's still all about the Fed so it's really all about inflation," said David Carter, investment specialist at JPMorgan Private Bank in New York.
"Together with yesterday's muted CPI data, PPI is also suggesting some slowdown in inflation which could mean a quick end to Fed tightening."
Financial markets are pricing in a roughly one-in-three probability that the central bank will press the pause button and let the Fed funds target rate stand in the 4.75% to 5.00% range, according to CME's FedWatch tool.
Investor focus now shifts to first-quarter earnings season, which jumps into full swing on Friday when a trio of big banks, Citigroup C.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N report.
"Tomorrow's bank earnings could give insight into the strength of regional banks and future lending activity," Carter added. "It will be interesting to see what banks say tomorrow about future economic growth."
Analysts expect aggregate first-quarter S&P 500 earnings to come in 5.2% below the year-ago quarter, a stark reversal from the 1.4% year-on-year growth seen at the beginning of the quarter, according to Refinitiv.
According to preliminary data, the S&P 500 .SPX gained 53.96 points, or 1.33%, to end at 4,145.91 points, while the Nasdaq Composite .IXIC gained 236.94 points, or 1.99%, to 12,166.27. The Dow Jones Industrial Average .DJI rose 382.54 points, or 1.14%, to 34,029.04.
Delta Air Lines Inc DAL.N shares dipped following the company's first-quarter profit miss.
Shares of Harley-Davidson Inc HOG.N slid after the motorcycle maker announced Chief Financial Officer Gina Goetter was leaving the company at the end of April.
Groupon Inc GRPN.O jumped following the company's appointment of Jiri Ponrt to succeed Damien Schmitz as chief financial officer.
Netflix Inc NFLX.O advanced after Wedbush said the streaming platform's revenue growth of new subscribers could drive up profitability.
Inflationhttps://tmsnrt.rs/3KUFKgS
(Reporting by Stephen Culp; Additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Richard Chang)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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 data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting. Financial markets are pricing in a roughly one-in-three probability that the central bank will press the pause button and let the Fed funds target rate stand in the 4.75% to 5.00% range, according to CME's FedWatch tool. Investor focus now shifts to first-quarter earnings season, which jumps into full swing on Friday when a trio of big banks, Citigroup C.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N report.
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By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. "It will be interesting to see what banks say tomorrow about future economic growth." According to preliminary data, the S&P 500 .SPX gained 53.96 points, or 1.33%, to end at 4,145.91 points, while the Nasdaq Composite .IXIC gained 236.94 points, or 1.99%, to 12,166.27.
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By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting. According to preliminary data, the S&P 500 .SPX gained 53.96 points, or 1.33%, to end at 4,145.91 points, while the Nasdaq Composite .IXIC gained 236.94 points, or 1.99%, to 12,166.27.
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The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting. "Markets rallied today following the lower inflation data this morning, as it's still all about the Fed so it's really all about inflation," said David Carter, investment specialist at JPMorgan Private Bank in New York. Shares of Harley-Davidson Inc HOG.N slid after the motorcycle maker announced Chief Financial Officer Gina Goetter was leaving the company at the end of April.
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16344.0
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2023-04-13 00:00:00 UTC
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Technology Sector Update for 04/13/2023: AAPL, GOOG, GOOGL, AMZN, BABA
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AAPL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-13-2023%3A-aapl-goog-googl-amzn-baba
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nan
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nan
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Tech stocks were higher late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining nearly 2% and the Philadelphia Semiconductor Index up 1.3%.
In company news, Apple (AAPL) and Canal+ signed a multiyear agreement to provide Apple TV+ to subscribers of Canal+ in France, Switzerland, the Czech Republic and Slovakia, Variety reported Thursday. Apple shares were up 3.5%.
Alphabet's (GOOG, GOOGL) Google will ask a US District Court judge on Thursday to dismiss the Justice Department's antitrust lawsuit against it, The Wall Street Journal reported. Alphabet shares were up 2.8%.
Amazon (AMZN) shares jumped 4.7% after Chief Executive Andy Jassy said that the e-commerce giant remains confident in its ability to control costs.
Alibaba's (BABA) shareholder SoftBank has moved to sell nearly all of its remaining stake in the company via prepaid forward contracts, the Financial Times reported, citing an analysis of regulatory filings. Alibaba shares rose 2.8%.
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 company news, Apple (AAPL) and Canal+ signed a multiyear agreement to provide Apple TV+ to subscribers of Canal+ in France, Switzerland, the Czech Republic and Slovakia, Variety reported Thursday. Tech stocks were higher late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining nearly 2% and the Philadelphia Semiconductor Index up 1.3%. Amazon (AMZN) shares jumped 4.7% after Chief Executive Andy Jassy said that the e-commerce giant remains confident in its ability to control costs.
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In company news, Apple (AAPL) and Canal+ signed a multiyear agreement to provide Apple TV+ to subscribers of Canal+ in France, Switzerland, the Czech Republic and Slovakia, Variety reported Thursday. Apple shares were up 3.5%. Alphabet's (GOOG, GOOGL) Google will ask a US District Court judge on Thursday to dismiss the Justice Department's antitrust lawsuit against it, The Wall Street Journal reported.
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In company news, Apple (AAPL) and Canal+ signed a multiyear agreement to provide Apple TV+ to subscribers of Canal+ in France, Switzerland, the Czech Republic and Slovakia, Variety reported Thursday. Alphabet's (GOOG, GOOGL) Google will ask a US District Court judge on Thursday to dismiss the Justice Department's antitrust lawsuit against it, The Wall Street Journal reported. Alibaba's (BABA) shareholder SoftBank has moved to sell nearly all of its remaining stake in the company via prepaid forward contracts, the Financial Times reported, citing an analysis of regulatory filings.
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In company news, Apple (AAPL) and Canal+ signed a multiyear agreement to provide Apple TV+ to subscribers of Canal+ in France, Switzerland, the Czech Republic and Slovakia, Variety reported Thursday. Tech stocks were higher late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) gaining nearly 2% and the Philadelphia Semiconductor Index up 1.3%. Apple shares were up 3.5%.
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16345.0
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2023-04-13 00:00:00 UTC
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June 2nd Options Now Available For Apple
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AAPL
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https://www.nasdaq.com/articles/june-2nd-options-now-available-for-apple
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nan
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nan
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Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the June 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest.
The put contract at the $145.00 strike price has a current bid of $1.32. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $145.00, but will also collect the premium, putting the cost basis of the shares at $143.68 (before broker commissions). To an investor already interested in purchasing shares of AAPL, that could represent an attractive alternative to paying $163.43/share today.
Because the $145.00 strike represents an approximate 11% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.91% return on the cash commitment, or 6.65% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Apple Inc, and highlighting in green where the $145.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $170.00 strike price has a current bid of $3.40. If an investor was to purchase shares of AAPL stock at the current price level of $163.43/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $170.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.10% if the stock gets called away at the June 2nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $170.00 strike highlighted in red:
Considering the fact that the $170.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.08% boost of extra return to the investor, or 15.19% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $163.43) to be 34%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Nasdaq 100 »
Also see:
Diagnostics Dividend Stocks
USA Historical Stock Prices
NDSN 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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Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the June 2nd expiration.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the June 2nd expiration.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the June 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new June 2nd contracts and identified one put and one call contract of particular interest. Below is a chart showing AAPL's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options begin trading today, for the June 2nd expiration.
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16346.0
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2023-04-13 00:00:00 UTC
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US STOCKS-Wall St surges as inflation, labor data raise Fed pause hopes
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-surges-as-inflation-labor-data-raise-fed-pause-hopes
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nan
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nan
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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
U.S. weekly jobless claims increase
Producer prices data cooler than expected
Netflix jump after Wedbush sees revenue growth
Harley-Davidson falls as CFO steps down
Indexes up: Dow 0.97%, S&P 1.20%, Nasdaq 1.89%
Updates to afternoon, adds NEW YORK dateline, changes byline
By Stephen Culp
NEW YORK, April 13 (Reuters) - U.S. stocks advanced on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve is nearing the end of its aggressive interest rate hike cycle.
All three major U.S. stock indexes rose sharply, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and sending the tech-heavy Nasdaq up 1.9%, on track for its biggest one-day gain in nearly a month.
Data released before the bell showed a steeper-than-expected cooldown in producer prices and coming in above consensus. Both signal that the Fed's hawkish barrage of rate hikes, which began over a year ago, is working as intended.
"Inflation is going to come down faster than the Fed thinks it will, but ironically the banking crisis is bullish for a Fed pause, which is bullish for the market, particularly tech stocks," said Jay Hatfield, chief executive officer and Infrastructure Capital Management in New York.
The data comes on the heels of Wednesday's cooler-than-expected Consumer Price Index report, which raised the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting.
"The Fed will raise rates one more time in May; one and done," Hatfield added. "They are worried about the banking system, so that should help them get to the right answer.
"They'll start cutting in 2024."
Financial markets are pricing in a roughly one-in-three probability that the central bank will press the pause button and let the Fed funds target rate stand in the 4.75% to 5.00% range.
Investor focus now shifts to first-quarter earnings season, which jumps into full swing on Friday when a trio of big banks, Citigroup C.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N report.
Analysts expect aggregate first-quarter S&P 500 earnings to come in 5.2% below the year-ago quarter, a stark reversal from the 1.4% year-on-year growth seen at the beginning of the quarter, according to Refinitiv.
At 2:05 p.m. ET, the Dow Jones Industrial Average .DJI rose 325.52 points, or 0.97%, to 33,972.02; the S&P 500 .SPX gained 49.03 points, or 1.20%, at 4,140.98; and the Nasdaq Composite .IXIC added 225.84 points, or 1.89%, at 12,155.18.
Among the 11 major sectors of the S&P 500, communication services .SPLRCL was up the most, while industrials .SPLRCI and materials .SPLRCM, outperformers in recent sessions, suffered the steepest percentage declines.
Delta Air Lines Inc DAL.N shares fell 0.9% following the company's first-quarter profit miss.
Shares of Harley-Davidson Inc HOG.N slid 3.2% after the motorcycle maker announced Chief Financial Officer Gina Goetter was leaving the company at the end of April.
Groupon Inc GRPN.O jumped 3.4% after the company appointed Jiri Ponrt to succeed Damien Schmitz as chief financial officer.
Netflix Inc NFLX.O rose 4.1% after Wedbush said the streaming platform's revenue growth of new subscribers could drive up profitability.
Advancing issues outnumbered decliners on the NYSE by a 3.04-to-1 ratio; on Nasdaq, a 2.83-to-1 ratio favored advancers.
The S&P 500 posted eight new 52-week highs and one new low; the Nasdaq Composite recorded 58 new highs and 121 new lows.
(Reporting by Stephen Culp; Additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Richard Chang)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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 three major U.S. stock indexes rose sharply, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and sending the tech-heavy Nasdaq up 1.9%, on track for its biggest one-day gain in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jump after Wedbush sees revenue growth Harley-Davidson falls as CFO steps down Indexes up: Dow 0.97%, S&P 1.20%, Nasdaq 1.89% Updates to afternoon, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks advanced on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve is nearing the end of its aggressive interest rate hike cycle. The data comes on the heels of Wednesday's cooler-than-expected Consumer Price Index report, which raised the likelihood of yet another 25 basis point rate hike at the conclusion next month's FOMC policy meeting.
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All three major U.S. stock indexes rose sharply, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and sending the tech-heavy Nasdaq up 1.9%, on track for its biggest one-day gain in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jump after Wedbush sees revenue growth Harley-Davidson falls as CFO steps down Indexes up: Dow 0.97%, S&P 1.20%, Nasdaq 1.89% Updates to afternoon, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks advanced on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve is nearing the end of its aggressive interest rate hike cycle. "Inflation is going to come down faster than the Fed thinks it will, but ironically the banking crisis is bullish for a Fed pause, which is bullish for the market, particularly tech stocks," said Jay Hatfield, chief executive officer and Infrastructure Capital Management in New York.
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All three major U.S. stock indexes rose sharply, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and sending the tech-heavy Nasdaq up 1.9%, on track for its biggest one-day gain in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jump after Wedbush sees revenue growth Harley-Davidson falls as CFO steps down Indexes up: Dow 0.97%, S&P 1.20%, Nasdaq 1.89% Updates to afternoon, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks advanced on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve is nearing the end of its aggressive interest rate hike cycle. "Inflation is going to come down faster than the Fed thinks it will, but ironically the banking crisis is bullish for a Fed pause, which is bullish for the market, particularly tech stocks," said Jay Hatfield, chief executive officer and Infrastructure Capital Management in New York.
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All three major U.S. stock indexes rose sharply, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and sending the tech-heavy Nasdaq up 1.9%, on track for its biggest one-day gain in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jump after Wedbush sees revenue growth Harley-Davidson falls as CFO steps down Indexes up: Dow 0.97%, S&P 1.20%, Nasdaq 1.89% Updates to afternoon, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks advanced on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve is nearing the end of its aggressive interest rate hike cycle. "The Fed will raise rates one more time in May; one and done," Hatfield added.
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16347.0
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2023-04-13 00:00:00 UTC
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US STOCKS-Wall St climbs as inflation, jobless claims data ease rate worries
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-climbs-as-inflation-jobless-claims-data-ease-rate-worries
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nan
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nan
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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
U.S. weekly jobless claims increase
Producer prices unexpectedly fall in March
Delta Air Lines down after Q1 earnings disappoint
Harley-Davidson falls after CFO steps down
Indexes up: Dow 0.46%, S&P 0.64%, Nasdaq 1.33%
Updates prices, comments
By Sruthi Shankar and Ankika Biswas
April 13 (Reuters) - U.S. stock indexes rose on Thursday as a moderation in producer price inflation and jump in weekly jobless claims brought relief to investors worried about how far the Federal Reserve will hike interest rates to tame surging prices.
A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding.
Data also showed that the number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up.
"We've got onto the top of the mountain of inflation and looks like we're coming down the other side," said David Russell, vice president of market intelligence at TradeStation.
"Inflation is coming down, but the process of Fed hiking rates is not necessarily over yet."
The benchmark S&P 500 .SPX has traded in a tight range this month, having recovered from a selloff in March fueled by the recent banking crisis, as investors assessed the path for U.S. interest rates.
Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, however, core prices remained sticky and supported the case for another 25-basis point rate hike by the Fed in May.
Investors mostly stuck to expectations of the 25-bps hike after Thursday's data.
U.S. Treasury yields fell, boosting rate-sensitive technology and other growth stocks. Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O rose between 1.3% and 3.0%, helping the Nasdaq outperform the other Wall Street indexes.
Communication services .SPLRCL, consumer discretionary .SPLRCD and technology shares .SPLRCT led the gains among major S&P 500 .SPX sector indexes, while economy-sensitive stocks such as industrials .SPLRCI were among the worst hit.
Minutes released on Wednesday from the Fed's latest policy meeting indicated concerns of a recession following the banking sector stress and that several policymakers considered pausing rate hikes last month.
Big U.S. banks JPMorgan Chase & Co JPM.N, Citigroup Inc C.N and Wells Fargo & Co WFC.N are scheduled to report quarterly results on Friday, and investors will watch them closely for details about the sector's overall health.
Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, as per Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020.
Financial companies that are part of the S&P 500 are expected to report a profit growth of 4.3% in the first quarter.
At 11:50 a.m. ET, the Dow Jones Industrial Average .DJI was up 153.51 points, or 0.46%, at 33,800.01, the S&P 500 .SPX was up 26.24 points, or 0.64%, at 4,118.19, and the Nasdaq Composite .IXIC was up 159.16 points, or 1.33%, at 12,088.50.
Delta Air Lines Inc's DAL.N shares fell 1.5% as the company missed first-quarter profit estimates.
Harley-Davidson Inc HOG.N was down 4.% after the motorcycle maker said Chief Financial Officer Gina Goetter was leaving the company at the end of April.
Advancing issues outnumbered decliners for a 1.95-to-1 ratio on the NYSE and a 2.38-to-1 ratio on the Nasdaq.
The S&P index recorded five new 52-week highs and one new low, while the Nasdaq recorded 49 new highs and 106 new lows.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
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.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O rose between 1.3% and 3.0%, helping the Nasdaq outperform the other Wall Street indexes. The benchmark S&P 500 .SPX has traded in a tight range this month, having recovered from a selloff in March fueled by the recent banking crisis, as investors assessed the path for U.S. interest rates. Minutes released on Wednesday from the Fed's latest policy meeting indicated concerns of a recession following the banking sector stress and that several policymakers considered pausing rate hikes last month.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O rose between 1.3% and 3.0%, helping the Nasdaq outperform the other Wall Street indexes. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices unexpectedly fall in March Delta Air Lines down after Q1 earnings disappoint Harley-Davidson falls after CFO steps down Indexes up: Dow 0.46%, S&P 0.64%, Nasdaq 1.33% Updates prices, comments By Sruthi Shankar and Ankika Biswas April 13 (Reuters) - U.S. stock indexes rose on Thursday as a moderation in producer price inflation and jump in weekly jobless claims brought relief to investors worried about how far the Federal Reserve will hike interest rates to tame surging prices. A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O rose between 1.3% and 3.0%, helping the Nasdaq outperform the other Wall Street indexes. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices unexpectedly fall in March Delta Air Lines down after Q1 earnings disappoint Harley-Davidson falls after CFO steps down Indexes up: Dow 0.46%, S&P 0.64%, Nasdaq 1.33% Updates prices, comments By Sruthi Shankar and Ankika Biswas April 13 (Reuters) - U.S. stock indexes rose on Thursday as a moderation in producer price inflation and jump in weekly jobless claims brought relief to investors worried about how far the Federal Reserve will hike interest rates to tame surging prices. A Labor Department report showed producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O rose between 1.3% and 3.0%, helping the Nasdaq outperform the other Wall Street indexes. Wall Street closed lower on Wednesday after data showed consumer prices rose at a slower-than-expected pace in March, however, core prices remained sticky and supported the case for another 25-basis point rate hike by the Fed in May. Analysts expect S&P 500 companies to record a profit decline of 5.2% in the first quarter, as per Refinitiv IBES data, in what could be their worst showing since the third quarter of 2020.
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16348.0
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2023-04-13 00:00:00 UTC
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Why Apple Stock Popped on Thursday
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AAPL
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https://www.nasdaq.com/articles/why-apple-stock-popped-on-thursday
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nan
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nan
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What happened
Shares of Apple (NASDAQ: AAPL) enjoyed a modest 2% pop at 11:15 a.m. ET Thursday after the computers and iPhones tech giant announced plans to switch to using only recycled cobalt in its device batteries by 2025.
So what
There are a couple of reasons why investors may be liking this latest Apple news. On one hand, it's a warm and fuzzy "save the planet" story as Apple moves to defuse criticism that the massive popularity of its devices is causing environmental issues by encouraging greater cobalt mining. Looking at the big picture, Apple is hoping to become entirely carbon-neutral by 2030, recycling not only cobalt, but also rare earth metals, tin soldering, gold plating, and even aluminum used in its products.
At the same time, this is an economic story for Apple. According to a 2022 report from MacroPolo.org, cobalt is the single most expensive component (by weight) of rechargeable batteries, costing close to $60 per kilogram in 2021 -- about twice the price of lithium. So in announcing that it will recycle all its cobalt, Apple is presumably also aiming to cut the cost of its products -- and boost its own profit margins.
Now what
Granted, just because Apple is recycling cobalt doesn't mean it's getting the recycled stuff for free. In fact, it may turn out that the cost of recycled cobalt is greater than the cost of buying newly mined cobalt. This remains to be seen -- and it's perhaps informative that in announcing its newest recycling initiative, Apple made no mention of cost savings.
That being said, the added "green" credentials of being a 100%-recycled consumer of cobalt should help to offset any additional cost for these consumers. For ESG-focused consumers (and investors), it could even turn into a deciding factor when choosing whether to buy an iPhone, for example, or an Android phone -- or whether to invest in Apple stock versus Samsung (OTC: SSNL.F).
Factor in even the potential for cost savings as recycling technology improves over time, and this news looks like a plus for Apple -- maybe not big enough of a plus to justify paying 27 times earnings for a stock growing profits at only 8% per year, but a plus nonetheless.
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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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What happened Shares of Apple (NASDAQ: AAPL) enjoyed a modest 2% pop at 11:15 a.m. On one hand, it's a warm and fuzzy "save the planet" story as Apple moves to defuse criticism that the massive popularity of its devices is causing environmental issues by encouraging greater cobalt mining. Looking at the big picture, Apple is hoping to become entirely carbon-neutral by 2030, recycling not only cobalt, but also rare earth metals, tin soldering, gold plating, and even aluminum used in its products.
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What happened Shares of Apple (NASDAQ: AAPL) enjoyed a modest 2% pop at 11:15 a.m. On one hand, it's a warm and fuzzy "save the planet" story as Apple moves to defuse criticism that the massive popularity of its devices is causing environmental issues by encouraging greater cobalt mining. In fact, it may turn out that the cost of recycled cobalt is greater than the cost of buying newly mined cobalt.
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What happened Shares of Apple (NASDAQ: AAPL) enjoyed a modest 2% pop at 11:15 a.m. So in announcing that it will recycle all its cobalt, Apple is presumably also aiming to cut the cost of its products -- and boost its own profit margins. In fact, it may turn out that the cost of recycled cobalt is greater than the cost of buying newly mined cobalt.
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What happened Shares of Apple (NASDAQ: AAPL) enjoyed a modest 2% pop at 11:15 a.m. So in announcing that it will recycle all its cobalt, Apple is presumably also aiming to cut the cost of its products -- and boost its own profit margins. In fact, it may turn out that the cost of recycled cobalt is greater than the cost of buying newly mined cobalt.
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16349.0
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2023-04-13 00:00:00 UTC
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Apple (AAPL) Plans to Shift Some MacBook Production to Thailand
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AAPL
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https://www.nasdaq.com/articles/apple-aapl-plans-to-shift-some-macbook-production-to-thailand
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nan
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nan
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Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. Thailand has been already mass-producing Apple Watch over the past year. It also produces AirPods and some iPads.
Per the latest Reuters report citing NIKKEI Asia, the iPhone maker is in active discussion with suppliers, already having an existing manufacturing footprint in Thailand to make MacBooks. Apple is set to start mass production of some MacBooks in Vietnam shortly.
The company’s plan to reduce its dependency on China can be attributed to the turbulent relationship between the United States and China, as well as its intention of expanding its manufacturing footprint in Southeast Asia countries, including Vietnam and Thailand.
Moreover, India has evolved as the preferred production base for Apple devices, particularly iPhone. According to the latest Bloomberg report, Apple assembled more than $7 billion worth of smartphones in India in the last fiscal year. It is also expected to move some AirPods and Beats earphone production to India.
Apple's latest initiative to expand manufacturing footprint is expected to boost prospects. Shares have gained 23.2% year to date, outperforming the Zacks Computer and Technology sector’s growth of 17.7% and the S&P 500’s rise of 7%.
However, challenging macroeconomic conditions and lower demand for Mac and iPad are expected to hurt growth ahead of the fiscal second-quarter results set to be reported on May 4.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Although Apple did not provide revenue guidance for the second quarter of fiscal 2023, it expects the March-end quarter’s year-over-year revenue growth to be similar to that reported for the December-end quarter due to unfavorable forex of roughly 5%.
The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at $1.43 per share, down by a penny over the past 30 days. The consensus mark for revenues stands at $93.11 billion, indicating a year-over-year decline of 4.29%.
Apple Mac Prospects Not Bright in 2023
Apple’s Mac has been suffering from lower PC demand year to date. Per IDC’s latest data, global PC shipments totaled 56.9 million units in the first quarter of 2023, down 29% due to sluggish demand and excess inventory.
Apple registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. PC volumes of Lenovo LNVGY and ASUS fell 30.3% to 12.7 million and 3.9 million units, respectively. HP Inc.'s HPQ shipments contracted 24.2% to 12 million units.
Lenovo also maintained its market share of 22.4%, trailed by HP and Dell, with market shares of 21.1% and 16.7%, respectively. Apple registered a 7.2% market share, down from 8.6% in first-quarter 2022.
For the second quarter of fiscal 2023, Apple expects Mac and iPad revenues to decline in the double digits on a year-over-year basis due to challenging comparisons and macroeconomic headwinds.
In the fiscal first quarter, Mac sales of $7.74 billion decreased 28.7% from the year-ago quarter and accounted for 6.6% of the total sales. Meanwhile, iPad sales of $9.4 billion improved 29.6% year over year and accounted for 8% of the total sales.
The Zacks Consensus Estimate for fiscal second-quarter Mac revenues stands at $8.029 billion, indicating a 23.1% year-over-year decline.
The consensus mark for iPad revenues is pegged at $6.719 billion, suggesting a 12.1% year-over-year decline.
Moreover, iPhone sales are expected to have suffered from lower demand. The Zacks Consensus Estimate for iPhone sales is pegged at $49.605 billion, indicating a 1.9% year-over-year decline and a 24.6% sequential decline.
For second-quarter fiscal 2023, Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, as well as weakness in digital advertising and gaming. However, this Zacks Rank #3 (Hold) company expects revenues to increase year over year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for fiscal second-quarter Services revenues is pegged at $20.86 billion, indicating a 5.3% year-over-year decline.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the latest Reuters report citing NIKKEI Asia, the iPhone maker is in active discussion with suppliers, already having an existing manufacturing footprint in Thailand to make MacBooks.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. The Zacks Consensus Estimate for fiscal second-quarter Mac revenues stands at $8.029 billion, indicating a 23.1% year-over-year decline.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. Apple Inc. Price and Consensus Apple Inc. price-consensus-chart | Apple Inc. Quote Although Apple did not provide revenue guidance for the second quarter of fiscal 2023, it expects the March-end quarter’s year-over-year revenue growth to be similar to that reported for the December-end quarter due to unfavorable forex of roughly 5%.
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Apple AAPL is mulling moving some MacBook production to Thailand as part of its broader plan to reduce its dependency on China for manufacturing its devices. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple Mac Prospects Not Bright in 2023 Apple’s Mac has been suffering from lower PC demand year to date.
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16350.0
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2023-04-13 00:00:00 UTC
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US STOCKS-Wall St rallies to higher close as inflation data feeds Fed pause hopes
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rallies-to-higher-close-as-inflation-data-feeds-fed-pause-hopes-0
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nan
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nan
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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
U.S. weekly jobless claims increase
Producer prices data cooler than expected
Netflix jumps after Wedbush sees revenue growth
Harley-Davidson dips as CFO steps down
Indexes up: Dow 1.14%, S&P 1.33%, Nasdaq 1.99%
Updates with closing prices
By Stephen Culp
NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle.
All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-daypercentage jump in nearly a month.
Data released before the bell showed a steeper-than-expected cooldown in producer prices and coming in above consensus. Both signal that the Fed's hawkish barrage of rate hikes, which began over a year ago, is working as intended.
The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion of next month's Federal Open Market Committee policy meeting.
"Markets rallied today following the lower inflation data this morning, as it's still all about the Fed so it's really all about inflation," said David Carter, investment specialist at JPMorgan Private Bank in New York.
"Together with yesterday's muted CPI data, PPI is also suggesting some slowdown in inflation which could mean a quick end to Fed tightening."
Financial markets are pricing in a roughly one-in-three probability that the central bank will press the pause button and let the Fed funds target rate stand in the 4.75% to 5.00% range, according to CME's FedWatch tool.
Investor focus now shifts to first-quarter earnings season, which jumps into full swing on Friday when a trio of big banks, Citigroup C.N, JPMorgan Chase & Co JPM.N, Wells Fargo & Co WFC.N report.
"Tomorrow's bank earnings could give insight into the strength of regional banks and future lending activity," Carter added. "It will be interesting to see what banks say tomorrow about future economic growth."
Analysts expect aggregate first-quarter S&P 500 earnings to come in 5.2% below the year-ago quarter, a stark reversal from the 1.4% year-on-year growth seen at the beginning of the quarter, according to Refinitiv.
The Dow Jones Industrial Average .DJIrose 383.19 points, or 1.14%, to 34,029.69; the S&P 500 .SPXgained 54.27 points, or 1.33%, at 4,146.22; and the Nasdaq Composite .IXICadded 236.94 points, or 1.99%, at 12,166.27.
Among the 11 major sectors of the S&P 500, all but real estate .SPLRCR ended the session higher, with communication services .SPLRCL and consumer discretionary .SPLRCD enjoying the largest gains, both jumping 2.3%.
Delta Air Lines Inc DAL.N shares fell 1.1% following the company's first-quarter profit miss.
Shares of Harley-Davidson Inc HOG.N slid 1.7% after the motorcycle maker announced Chief Financial Officer Gina Goetter was leaving the company at the end of April.
Groupon Inc GRPN.O jumped 4.0% after the company appointed Jiri Ponrt to succeed Damien Schmitz as chief financial officer.
Netflix Inc NFLX.O rose 4.6% after Wedbush said the streaming platform's revenue growth of new subscribers could drive up profitability.
Advancing issues outnumbered decliners on the NYSE by a 2.71-to-1 ratio; on Nasdaq, a 2.55-to-1 ratio favored advancers.
The S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 69 new highs and 140 new lows.
Volume on U.S. exchanges was 10.40 billion shares, compared with the 11.51 billion average over the last 20 trading days.
Inflationhttps://tmsnrt.rs/3KUFKgS
(Reporting by Stephen Culp; Additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Richard Chang)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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 three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-daypercentage jump in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jumps after Wedbush sees revenue growth Harley-Davidson dips as CFO steps down Indexes up: Dow 1.14%, S&P 1.33%, Nasdaq 1.99% Updates with closing prices By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion of next month's Federal Open Market Committee policy meeting.
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All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-daypercentage jump in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jumps after Wedbush sees revenue growth Harley-Davidson dips as CFO steps down Indexes up: Dow 1.14%, S&P 1.33%, Nasdaq 1.99% Updates with closing prices By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion of next month's Federal Open Market Committee policy meeting.
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All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-daypercentage jump in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jumps after Wedbush sees revenue growth Harley-Davidson dips as CFO steps down Indexes up: Dow 1.14%, S&P 1.33%, Nasdaq 1.99% Updates with closing prices By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. The data comes on the heels of Wednesday's muted Consumer Price Index report, which cemented the likelihood of yet another 25 basis point rate hike at the conclusion of next month's Federal Open Market Committee policy meeting.
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All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Amazon.com AMZN.O providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-daypercentage jump in nearly a month. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. weekly jobless claims increase Producer prices data cooler than expected Netflix jumps after Wedbush sees revenue growth Harley-Davidson dips as CFO steps down Indexes up: Dow 1.14%, S&P 1.33%, Nasdaq 1.99% Updates with closing prices By Stephen Culp NEW YORK, April 13 (Reuters) - U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. "Markets rallied today following the lower inflation data this morning, as it's still all about the Fed so it's really all about inflation," said David Carter, investment specialist at JPMorgan Private Bank in New York.
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16351.0
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2023-04-13 00:00:00 UTC
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Tools for Advisors: ETF Trading Tips in Earnings Season
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AAPL
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https://www.nasdaq.com/articles/tools-for-advisors%3A-etf-trading-tips-in-earnings-season
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nan
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nan
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ETFs have a lot of advantages, but it's easy for their ability to offer bespoke exposures to particular slices of the market to overshadow their ability to play events – namely, earnings. Each earnings season has its drama, but with so many looking for signals about a recession this year, this earnings season requires quick thinking. As such, here are some ETF trading tips as earnings season starts in earnest.
Tip 1: Know Which ETF is Best for a Given Stock
This tip may seem pretty obvious, but the names of ETFs can be deceiving. Not every tech ETF weights Apple (AAPL) the same, nor does every AI-focused strategy necessarily even include the same semiconductor names.
VettaFi’s ETF Database offers the ETF Stock Exposure Tool to find which ETFs have the strongest weight for a particular stock. Some companies like Taiwan Semiconductor Manufacturing Co. (TSM) have different shares under different names, but the tool can be a great starting point for those looking to play positive – or negative – earnings news.
Tip 2: Take Care to Buy or Sell Outside of Big Market Vol Moments
Most of us are familiar by now with more general ETF trading tips about limit and market orders, what time of day is best to trade, and how advisors can use trade desks to spool up multiple orders at once. By the same token as knowing what times of day are best for ETF, take care to plan trades for days that don’t also have Federal Reserve meetings or announcements planned.
See more: “Tools for Advisors: Maximize Your ETF Trading”
Big data points dropping, too, have had a notable impact on markets lately – with so much uncertainty around, markets take any sign or announcement of notable data from the markets and may be taking it for more than it is. Whatever the case, just because an ETF has a low fee and is weighted just right to that particularly appealing small-cap stock doesn’t mean that it’s impervious to a hot inflation print.
Tip 3: Be Careful With Leveraged Strategies
The riskier investors will surely be familiar with the idea of leveraged ETFs, whether inverse or positive. With up to 3x returns offered by some of these strategies, they have the potential to move quickly in either direction.
As such, it’s important to remember that these strategies are meant for daily trading and really can’t be left to their own devices for long. While they do often come with this notice in their fund materials, ETF trading tips would do well to remind ETF investors and advisors to take care and pay close attention when handling such potent strategies.
For more news, information, and analysis, visit the Core Strategies Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Not every tech ETF weights Apple (AAPL) the same, nor does every AI-focused strategy necessarily even include the same semiconductor names. Some companies like Taiwan Semiconductor Manufacturing Co. (TSM) have different shares under different names, but the tool can be a great starting point for those looking to play positive – or negative – earnings news. Whatever the case, just because an ETF has a low fee and is weighted just right to that particularly appealing small-cap stock doesn’t mean that it’s impervious to a hot inflation print.
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Not every tech ETF weights Apple (AAPL) the same, nor does every AI-focused strategy necessarily even include the same semiconductor names. As such, here are some ETF trading tips as earnings season starts in earnest. Tip 2: Take Care to Buy or Sell Outside of Big Market Vol Moments Most of us are familiar by now with more general ETF trading tips about limit and market orders, what time of day is best to trade, and how advisors can use trade desks to spool up multiple orders at once.
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Not every tech ETF weights Apple (AAPL) the same, nor does every AI-focused strategy necessarily even include the same semiconductor names. VettaFi’s ETF Database offers the ETF Stock Exposure Tool to find which ETFs have the strongest weight for a particular stock. Tip 2: Take Care to Buy or Sell Outside of Big Market Vol Moments Most of us are familiar by now with more general ETF trading tips about limit and market orders, what time of day is best to trade, and how advisors can use trade desks to spool up multiple orders at once.
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Not every tech ETF weights Apple (AAPL) the same, nor does every AI-focused strategy necessarily even include the same semiconductor names. As such, here are some ETF trading tips as earnings season starts in earnest. VettaFi’s ETF Database offers the ETF Stock Exposure Tool to find which ETFs have the strongest weight for a particular stock.
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16352.0
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2023-04-13 00:00:00 UTC
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Understanding ETF Distributions: An Investor’s Guide
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AAPL
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https://www.nasdaq.com/articles/understanding-etf-distributions%3A-an-investors-guide
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nan
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nan
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Understanding how ETF distributions are categorized can alleviate a lot of hassle and potential headaches come tax season. ETF distributions are varied, as are their tax treatments, and there are several exceptions to each category. We'll step through each of the broad categories in turn.
What Kinds of ETF Distributions Are There?
The broad categories of ETF distributions include:
Dividends (both qualified and unqualified)
Return of capital distributions
Tax-free distributions
Another primary type of distribution is the capital gains distribution, though we aren't reviewing the nuances of capital gains today. (Learn more about capital gains distributions and ETF taxation here.)
What Are Qualified Dividend Distributions?
Dividends from corporations are a common source of income distribution in ETFs. It's important to understand the distinction between qualified and unqualified dividends, since the two categories have significant tax differences.
The IRS defines "qualified dividends" as those issued from U.S. corporations or certain qualified foreign corporations, as well as dividends not specifically listed with the IRS as unqualified dividends. In addition, shareholders of the underlying security that issued the dividend must have held the security for at least 60 days before the ex-dividend date for at least 60 days in a given 121-day period.
If a dividend meets all three requirements and isn’t associated with hedging activity, then it is considered a qualified dividend and taxed at long-term capital gains rates. For 2023, that's between 0% to 20%, depending on your income tax bracket.
For example, stock dividends from corporations like Apple (AAPL) and Microsoft (MSFT) can be considered qualified dividends, if they meet the 60-day holding rule.
Many income-focused ETFs offer qualified dividend income (QDI), and for better tax savings, it’s best to seek out ETFs with higher QDI percentages, which can often be found on the issuer’s website. The iShares Core High Dividend ETF (HDV) offered 100% QDI as of the end of 2021, while the SPDR S&P Dividend ETF (SDY) offered 100% QDI as of January 2023.
What Are Unqualified Dividend Distributions?
Unqualified, or ordinary, dividends are taxed at ordinary income rates. These range from 10%–37% in 2023, depending on your income bracket.
A number of asset classes generate distributions that are treated as ordinary income, including REITs and some MLPs, because they are structured as pass-through entities; bonds; many options-based ETFs (due to their hedging application); and dividends from foreign corporations and any companies that do not meet the above-mentioned qualified status.
ETFs that offered non-qualified dividend distributions include the iShares Core U.S. REIT ETF (USRT) and the Schwab U.S. REIT ETF (SCHH).
What Are Return of Capital Distributions?
Return of capital distributions occur when a distribution is paid out as a return on the equity used in the original investment instead of as profit made on that investment. As the name suggests, it's essentially the company returning capital to the shareholder.
As such, return on capital distributions offer tax deferment benefits. Because the distribution being issued isn’t generated from profits but instead is a return of the original money used to purchase the shares, it isn’t taxed at the time of distribution, only when the shares are sold. When that happens, capital gains taxation may occur, depending on how long the shares were held, if gains were accrued, and so on.
ROC distributions from ETFs allow advisors to defer capital gains taxes while also lowering the cost basis of the original investment.
Image source: Nasdaq
ETFs that utilize return of capital distributions include the Alerian MLP ETF (AMLP) and the Global X S&P 500 Covered Call ETF (QYLD), which offers ROC distributions alongside ordinary dividend distributions.
Which ETF Category Offers Tax-Free Distributions?
In a high-risk environment, municipal bonds are particularly appealing for their lower risk profiles as well as their tax advantages for investors because municipal bond distributions are free from federal taxes. Some are tax-free at the state level as well, though this varies by state and depends on where the muni bond is issued as well as the state of residence of the investor purchasing.
While a buy-and-hold strategy directly in municipal bonds can open up investors to interest rate risks, gaining exposure through a muni ETF that buys and sells municipal bonds as interest rates rise eliminates much of that risk, making them tax-advantaged, lower interest rate risk vehicles than direct investment.
Popular muni ETFs with tax-free distributions include the Vanguard Tax-Exempt Bond ETF (VTEB) as well as the iShares National Muni Bond ETF (MUB).
For more news, information, and analysis, visit the Financial Literacy Channel.
VettaFi LLC (“VettaFi”) is the index provider for AMLP, for which it receives an index licensing fee. However, AMLP 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 AMLP.
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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For example, stock dividends from corporations like Apple (AAPL) and Microsoft (MSFT) can be considered qualified dividends, if they meet the 60-day holding rule. Understanding how ETF distributions are categorized can alleviate a lot of hassle and potential headaches come tax season. A number of asset classes generate distributions that are treated as ordinary income, including REITs and some MLPs, because they are structured as pass-through entities; bonds; many options-based ETFs (due to their hedging application); and dividends from foreign corporations and any companies that do not meet the above-mentioned qualified status.
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For example, stock dividends from corporations like Apple (AAPL) and Microsoft (MSFT) can be considered qualified dividends, if they meet the 60-day holding rule. The broad categories of ETF distributions include: Dividends (both qualified and unqualified) Return of capital distributions Tax-free distributions Another primary type of distribution is the capital gains distribution, though we aren't reviewing the nuances of capital gains today. ETFs that offered non-qualified dividend distributions include the iShares Core U.S. REIT ETF (USRT) and the Schwab U.S. REIT ETF (SCHH).
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For example, stock dividends from corporations like Apple (AAPL) and Microsoft (MSFT) can be considered qualified dividends, if they meet the 60-day holding rule. The broad categories of ETF distributions include: Dividends (both qualified and unqualified) Return of capital distributions Tax-free distributions Another primary type of distribution is the capital gains distribution, though we aren't reviewing the nuances of capital gains today. ETFs that offered non-qualified dividend distributions include the iShares Core U.S. REIT ETF (USRT) and the Schwab U.S. REIT ETF (SCHH).
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For example, stock dividends from corporations like Apple (AAPL) and Microsoft (MSFT) can be considered qualified dividends, if they meet the 60-day holding rule. The broad categories of ETF distributions include: Dividends (both qualified and unqualified) Return of capital distributions Tax-free distributions Another primary type of distribution is the capital gains distribution, though we aren't reviewing the nuances of capital gains today. Image source: Nasdaq ETFs that utilize return of capital distributions include the Alerian MLP ETF (AMLP) and the Global X S&P 500 Covered Call ETF (QYLD), which offers ROC distributions alongside ordinary dividend distributions.
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16353.0
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2023-04-13 00:00:00 UTC
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Company News for Apr 13, 2023
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AAPL
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https://www.nasdaq.com/articles/company-news-for-apr-13-2023
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nan
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nan
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Shares of American Airlines Group Inc. AAL decreased 9.2% even after it hiked its first-quarter profit guidance because the revised number still fell short of average analyst expectations.
Shares of Apple Inc.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier.
JD.com, Inc.’s JD shares lost 7.6% alongside other Chinese stocks traded in the United States, with escalating diplomatic tension between the two countries.
Dow Inc.’s DOW shares added 1.3% as the chemicals industry has benefited from a shift in global feedstock costs.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report
JD.com, Inc. (JD) : 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.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL decreased 9.2% even after it hiked its first-quarter profit guidance because the revised number still fell short of average analyst expectations.
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Shares of Apple Inc.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL decreased 9.2% even after it hiked its first-quarter profit guidance because the revised number still fell short of average analyst expectations.
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Shares of Apple Inc.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report JD.com, Inc. (JD) : 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.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL decreased 9.2% even after it hiked its first-quarter profit guidance because the revised number still fell short of average analyst expectations.
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2023-04-13 00:00:00 UTC
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What's Up for Chip ETFs After Their Best Quarter Since 2020?
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https://www.nasdaq.com/articles/whats-up-for-chip-etfs-after-their-best-quarter-since-2020
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Chip or semiconductor stocks just recorded their best quarter since 2020, per CNBC. VanEck Semiconductor ETF (SMH) is up about 24.4% so far this year (as of Apr 6, 2023). Tech stocks, in general, were in favor in the first quarter of 2023 as investors believe that the Fed could slow down or stop rate hikes (on signs of slowing inflation) in the near term. As growth sectors like technology fare better in a falling rate environment, chip stocks won.
Moreover, tech stocks also benefited from their safe-haven status amid the banking turmoil in March. U.S. tech stocks hit rough weather last year. But the failures of Silicon Valley Bank and Signature Bank in the United States, the buying of Credit Suisse by the UBS and the panic-selling in Deutsche Bank led investors to look for a safe haven in the equity space. In this pursuit, tech ETFs have lately emerged as winners.
Apple AAPL gained 30%, while NVIDIA NVDA surged more than 90% in Q1. Moreover, the recent hype over artificial intelligence on ChatGpT’s success also favored Nvidia. Now, Nvidia is offering generative AI cloud services and hardware for enterprises (read: Best & Worst Performing ETF Areas of Q1 2023).
What Lies Ahead?
It all depends on the global growth momentum, inflationary pressure, central banks’ moves and the supply-chain recovery. If inflationary pressure comes down and the central banks act dovish, this would be great news for the tech space (and chip too).
However, there are some concerns. The electric car behemoth Tesla (TSLA) recently said that it is using fewer silicon carbide wafers since silicon carbide is an expensive semiconductor. The latest announcement went against the semiconductor space.
In fact, this could be a trend in the EV market in the coming days as many EV makers may follow Tesla’s footsteps. However, this is just the beginning. It would take a whole lot of time for the deployment of silicon carbide to be no longer in use.
The global economy is slowing. Some big economies may witness recession ahead. Consumers will also start reducing spending, which will result in struggling PC and smartphone demand. Then, enterprises will start to reduce spending in anticipation of a global recession. These are huge headwinds for the chip market.
An industry survey for Electrical Equipment, Appliances & Components in the United States revealed that new orders have started to ease in March. The supply -chain disruption — particularly in electronics — is still massive compared to the pre-pandemic conditions. The survey for Transportation Equipment also mentioned that “sales are slowing at an increasing rate.” These are alarming signs for the growth of the semiconductor space.
Any Ray of Hope?
Having said all, we would like to note that if the global economy manages a soft landing ahead instead of a recession, things may not prove detrimental for the chip space. This is especially true given the lucrative valuation of the semiconductor ETFs despite the recent rally.
SPDR S&P Semiconductor ETF XSD, VanEck Semiconductor ETF,iShares Semiconductor ETF SOXX, First Trust Nasdaq Semiconductor ETF FTXL and Invesco PHLX Semiconductor ETF SOXQ have P/E ratios of 20.85X, 20.35X, 20.34X, 18.91X and 15.08X, respectively. The valuation looks pretty cheaper when compared with 22.70X P/E owned by tech-heavy Nasdaq-100 ETF Invesco QQQ Trust QQQ.
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Apple Inc. (AAPL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
VanEck Semiconductor ETF (SMH): ETF Research Reports
iShares Semiconductor ETF (SOXX): ETF Research Reports
SPDR S&P Semiconductor ETF (XSD): ETF Research Reports
First Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports
Invesco PHLX Semiconductor ETF (SOXQ): 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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Apple AAPL gained 30%, while NVIDIA NVDA surged more than 90% in Q1. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports First Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports To read this article on Zacks.com click here. Now, Nvidia is offering generative AI cloud services and hardware for enterprises (read: Best & Worst Performing ETF Areas of Q1 2023).
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports First Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports To read this article on Zacks.com click here. Apple AAPL gained 30%, while NVIDIA NVDA surged more than 90% in Q1. It all depends on the global growth momentum, inflationary pressure, central banks’ moves and the supply-chain recovery.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports First Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports To read this article on Zacks.com click here. Apple AAPL gained 30%, while NVIDIA NVDA surged more than 90% in Q1. Having said all, we would like to note that if the global economy manages a soft landing ahead instead of a recession, things may not prove detrimental for the chip space.
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Apple AAPL gained 30%, while NVIDIA NVDA surged more than 90% in Q1. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports First Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports To read this article on Zacks.com click here. Then, enterprises will start to reduce spending in anticipation of a global recession.
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2023-04-13 00:00:00 UTC
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Can AI answer your money questions? We put chatbots to the test
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https://www.nasdaq.com/articles/can-ai-answer-your-money-questions-we-put-chatbots-to-the-test
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By Chris Taylor
NEW YORK, April 13 (Reuters) - Face it, we could all use
a little help with our money. So who better to ask for personal
finance advice than a couple of the most powerful chatbots on
the planet?
Both OpenAI’s ChatGPT and Google’s Bard are dominating
headlines recently, for their generative capabilities and vast
storehouses of information. Each has far more processing power
than, say, any individual personal finance writer (ahem).
That in mind, we asked our AI assistants-slash-overlords
these classic personal finance questions:
What is one great business idea?
Entrepreneurs are always looking for the Next Big Thing. On
this matter, ChatGPT was surprisingly specific: "One idea could
be to start a subscription-based meal delivery service that
caters to customers with specific dietary needs or preferences,
such as vegan, gluten-free, or low-carb diets."
Bard does not seem to like limiting itself to one option,
even when asked to do so – it prefers lists. It threw out a
whole slew of ideas, including dog walking, translation,
“website flipping" and even working as a virtual assistant.
What one town should I move to, to save the most money?
With the rise of remote work in the pandemic era, many
Americans have considered relocating to lower-cost locales.
ChatGPT singled out Fort Wayne, Indiana, and Knoxville,
Tennessee, praising both for their affordability and growing job
markets.
Bard also likes Fort Wayne, but added a few other
contenders: Henderson, Nevada; Sioux Falls, South Dakota;
Wichita, Kansas; and Oklahoma City.
What one dividend stock is the most attractively valued?
While stressing that as an AI language processor it “cannot
provide personalizedinvestment adviceor predict stock
performance,” ChatGPT praised telecommunications giant AT&T
for its cheap metrics. Its lower-than-average
price-to-earnings ratio, plus its 7.1% dividend yield, caught
the chatbot’s attention.
Meanwhile, chatty Bard concurred with the choice of AT&T,
but also added Verizon , Procter & Gamble , 3M
, and Johnson & Johnson to the mix as bargain
stocks.
What one growth stock is the most attractively valued?
When ChatGPT crunched the numbers on this question, it
produced a familiar name: Amazon , praising the
e-commerce giant for its attractive price-to-sales and
price-to-book metrics after a challenging year.
Bard also mentioned Amazon, but tossed in Apple ,
Tesla , and (maybe not surprisingly) Google parent
Alphabet , noting that price-to-earnings ratios for all
of them were well below their five-year averages.
Give me one idea of a growing career field?
Many Americans seem to be switching careers these days –
either of their own volition with the Great Resignation or
forced because of layoffs. ChatGPT tells me to consider the
field of data science and analytics, specifically roles like
data analyst and machine learning engineer.
Bard is a little broader in its suggestions, nudging me to
consider becoming a nurse practitioner, software developer,
social media manager or even solar photovoltaic installer.
What colleges give the most bang for the buck?
Since my own teenager is off to college in the fall, I was
particularly curious about this one. And ChatGPT did indeed have
some answers: The University of North Carolina in Chapel Hill
and Brigham Young University in Provo, Utah.
Bard had its own thoughts, though. It singled out the
University of Washington, CUNY Brooklyn, Purdue, the University
of Florida in Gainesville and Oklahoma State as offering an
attractive combination of quality and value.
What one vacation spot is the cheapest option for summer?
Bard was not very helpful here, suggesting bunking with
friends or family or arranging a "staycation," which was hardly
inspiring. But ChatGPT did have specific ideas for an affordable
summer trip: Great Smoky Mountains National Park, Myrtle Beach,
South Carolina, and Austin, Texas.
Can money buy happiness?
I couldn’t leave our new AI friends without asking a deeper
question about money and its role in our existence. ChatGPT
admitted it can be a factor in a happy life: “Studies have shown
that up to a certain point, increasing wealth can be associated
with increased happiness, as it can provide access to basic
needs such as food, shelter, and healthcare, as well as
opportunities for education and experiences.”
But Bard was a little more declarative on the subject, that
cash will not get us the ultimate satisfaction we are seeking.
“Money cannot buy you happiness itself,” it told me.
“Happiness is a state of mind that comes from within. It is not
something that can be bought or sold.”
(Editing by Lauren Young and Daniel Wallis
Follow us @ReutersMoney)
((lauren.young@thomsonreuters.com; 646-223-6166; Reuters
Messaging: lauren.young.thomsonreuters.com@reuters.net (Twitter
@laurenyoung))
Keywords: MONEY AI/QUESTIONS (PERSONAL FINANCE)
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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Bard also likes Fort Wayne, but added a few other contenders: Henderson, Nevada; Sioux Falls, South Dakota; Wichita, Kansas; and Oklahoma City. While stressing that as an AI language processor it “cannot provide personalizedinvestment adviceor predict stock performance,” ChatGPT praised telecommunications giant AT&T for its cheap metrics. But ChatGPT did have specific ideas for an affordable summer trip: Great Smoky Mountains National Park, Myrtle Beach, South Carolina, and Austin, Texas.
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That in mind, we asked our AI assistants-slash-overlords these classic personal finance questions: But ChatGPT did have specific ideas for an affordable summer trip: Great Smoky Mountains National Park, Myrtle Beach, South Carolina, and Austin, Texas. Keywords: MONEY AI/QUESTIONS (PERSONAL FINANCE) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On this matter, ChatGPT was surprisingly specific: "One idea could be to start a subscription-based meal delivery service that caters to customers with specific dietary needs or preferences, such as vegan, gluten-free, or low-carb diets." But ChatGPT did have specific ideas for an affordable summer trip: Great Smoky Mountains National Park, Myrtle Beach, South Carolina, and Austin, Texas. ChatGPT admitted it can be a factor in a happy life: “Studies have shown that up to a certain point, increasing wealth can be associated with increased happiness, as it can provide access to basic needs such as food, shelter, and healthcare, as well as opportunities for education and experiences.” But Bard was a little more declarative on the subject, that cash will not get us the ultimate satisfaction we are seeking.
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That in mind, we asked our AI assistants-slash-overlords these classic personal finance questions: Give me one idea of a growing career field? Can money buy happiness?
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2023-04-13 00:00:00 UTC
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Computer Sales Are Crashing and That's Bad News for Apple, Nvidia, and AMD
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https://www.nasdaq.com/articles/computer-sales-are-crashing-and-thats-bad-news-for-apple-nvidia-and-amd
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Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and AMD (NASDAQ: AMD) are likely to feel the brunt of an industrywide slowdown in PC sales. This video will highlight why that's the case and what it could mean for investors.
*Stock prices used were the afternoon prices of April 10, 2023. The video was published on April 12, 2023.
10 stocks we like better than Nvidia
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia 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 April 10, 2023
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Nvidia. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and AMD (NASDAQ: AMD) are likely to feel the brunt of an industrywide slowdown in PC sales. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Nvidia.
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Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and AMD (NASDAQ: AMD) are likely to feel the brunt of an industrywide slowdown in PC sales. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Parkev Tatevosian, CFA has positions in Apple.
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Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and AMD (NASDAQ: AMD) are likely to feel the brunt of an industrywide slowdown in PC sales. 10 stocks we like better than Nvidia 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.
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Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and AMD (NASDAQ: AMD) are likely to feel the brunt of an industrywide slowdown in PC sales. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! See the 10 stocks *Stock Advisor returns as of April 10, 2023 Parkev Tatevosian, CFA has positions in Apple.
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16357.0
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2023-04-13 00:00:00 UTC
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Should Engine No. 1 Transform 500 ETF (VOTE) Be on Your Investing Radar?
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https://www.nasdaq.com/articles/should-engine-no.-1-transform-500-etf-vote-be-on-your-investing-radar-4
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Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Engine No. 1 Transform 500 ETF (VOTE) is a passively managed exchange traded fund launched on 06/22/2021.
The fund is sponsored by Engine No. 1. It has amassed assets over $423.49 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.
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 0.05%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.43%.
Sector Exposure and Top Holdings
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 26.20% of the portfolio. Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN).
The top 10 holdings account for about 24.52% of total assets under management.
Performance and Risk
VOTE seeks to match the performance of the MORNINGSTAR US LARGE CAP SELECT INDEX before fees and expenses. The Morningstar US Large Cap Select Index is market cap-weighted and tracks the 500 largest companies in the US.
The ETF has gained about 7.36% so far this year and is down about -6.25% in the last one year (as of 04/13/2023). In the past 52-week period, it has traded between $41.43 and $52.01.
The ETF has a beta of 1 and standard deviation of 20.41% for the trailing three-year period. With about 504 holdings, it effectively diversifies company-specific risk.
Alternatives
Engine No. 1 Transform 500 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, VOTE 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 $304.82 billion in assets, SPDR S&P 500 ETF has $368.92 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 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 >>
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Engine No. 1 Transform 500 ETF (VOTE): 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 6.32% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). 1 Transform 500 ETF (VOTE): 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. Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Engine No.
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1 Transform 500 ETF (VOTE): 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 6.32% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). 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.
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1 Transform 500 ETF (VOTE): 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 6.32% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). 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.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 6.32% of total assets, followed by Microsoft Corp (MSFT) and Amazon.com Inc (AMZN). 1 Transform 500 ETF (VOTE): 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. Why Large Cap Blend Companies that find themselves in the large cap category typically have a market capitalization above $10 billion.
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2023-04-13 00:00:00 UTC
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Dow Movers: TRV, AAPL
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https://www.nasdaq.com/articles/dow-movers%3A-trv-aapl-0
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In early trading on Thursday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. Year to date, Apple registers a 25.5% gain.
And the worst performing Dow component thus far on the day is Travelers Companies (TRV), trading down 1.6%. Travelers Companies is lower by about 8.8% looking at the year to date performance.
Two other components making moves today are International Business Machines Corp (IBM), trading down 1.5%, and Walt Disney (DIS), trading up 1.4% on the day.
VIDEO: Dow Movers: TRV, AAPL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Thursday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. VIDEO: Dow Movers: TRV, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Dow component thus far on the day is Travelers Companies (TRV), trading down 1.6%.
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In early trading on Thursday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. VIDEO: Dow Movers: TRV, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Dow component thus far on the day is Travelers Companies (TRV), trading down 1.6%.
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In early trading on Thursday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. VIDEO: Dow Movers: TRV, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Dow component thus far on the day is Travelers Companies (TRV), trading down 1.6%.
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In early trading on Thursday, shares of Apple (AAPL) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. VIDEO: Dow Movers: TRV, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Dow component thus far on the day is Travelers Companies (TRV), trading down 1.6%.
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16359.0
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2023-04-13 00:00:00 UTC
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Is WisdomTree U.S. LargeCap Dividend ETF (DLN) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-wisdomtree-u.s.-largecap-dividend-etf-dln-a-strong-etf-right-now-8
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nan
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A smart beta exchange traded fund, the WisdomTree U.S. LargeCap Dividend ETF (DLN) debuted on 06/16/2006, and offers 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.
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.
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.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
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 sponsored by Wisdomtree. It has amassed assets over $3.51 billion, 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 WisdomTree U.S. LargeCap Dividend Index before fees and expenses.
The WisdomTree U.S. LargeCap Dividend Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the U.S. dividend-paying market.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Operating expenses on an annual basis are 0.28% for this ETF, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 2.64%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
This ETF has heaviest allocation in the Healthcare sector - about 16.70% of the portfolio. Information Technology and Financials round out the top three.
Taking into account individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT).
DLN's top 10 holdings account for about 25.03% of its total assets under management.
Performance and Risk
The ETF has gained about 1.29% so far this year and is down about -2.55% in the last one year (as of 04/13/2023). In the past 52-week period, it has traded between $55.26 and $66.91.
DLN has a beta of 0.89 and standard deviation of 16.53% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 302 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree U.S. LargeCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 1000 Value ETF (IWD) tracks Russell 1000 Value Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index. IShares Russell 1000 Value ETF has $50.69 billion in assets, Vanguard Value ETF has $102.01 billion. IWD has an expense ratio of 0.18% 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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WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
iShares Russell 1000 Value ETF (IWD): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking into account individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. A smart beta exchange traded fund, the WisdomTree U.S. LargeCap Dividend ETF (DLN) debuted on 06/16/2006, and offers broad exposure to the Style Box - Large Cap Value category of the market.
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Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). A smart beta exchange traded fund, the WisdomTree U.S. LargeCap Dividend ETF (DLN) debuted on 06/16/2006, and offers broad exposure to the Style Box - Large Cap Value category of the market.
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Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). IShares Russell 1000 Value ETF (IWD) tracks Russell 1000 Value Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index.
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Taking into account individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. A smart beta exchange traded fund, the WisdomTree U.S. LargeCap Dividend ETF (DLN) debuted on 06/16/2006, and offers broad exposure to the Style Box - Large Cap Value category of the market.
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16360.0
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2023-04-13 00:00:00 UTC
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This Billionaire Investor Ran Circles Around Warren Buffett in 2022: These Are His Top 3 Stocks
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AAPL
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https://www.nasdaq.com/articles/this-billionaire-investor-ran-circles-around-warren-buffett-in-2022%3A-these-are-his-top-3
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Few investors on Wall Street command attention quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett because the Oracle of Omaha has put on a clinic for nearly six decades. Since taking the reins at Berkshire, he's led his company's Class A shares (BRK.A) to an aggregate return of 3,787,464%. This is 153 times greater than the total return, with dividends included, of the S&P 500 over the same time frame.
While few money managers can hold a candle to Buffett over long stretches, surpassing the Oracle of Omaha's returns on an annual basis is possible. That's exactly what happened in 2022.
Image source: Getty Images.
Despite all three major U.S. stock indexes falling into a bear market last year, Berkshire Hathaway's Class A shares delivered an impressive 4% return. However, billionaire investor Ken Griffin, who oversees hedge fund Citadel Advisors, did a wee-bit better. When the curtain closed on 2022, Citadel generated a 38% full-year return, to go along with a record-breaking $16 billion profit.
It pays to know what the world's top money managers are buying, selling, and holding in their funds' portfolios. What follows are Ken Griffin's three top stock holdings, excluding the numerous options positions that Citadel Advisors uses to hedge its common stock holdings.
Meta Platforms
Based on the most recent Form 13F filing from Citadel Advisors, social media stock Meta Platforms (NASDAQ: META) was the hedge fund's largest holding. The more than 8 million shares held equated to a market value of $967 million, as of Dec. 31, 2022. If Griffin's fund held the same number of shares today, they'd be worth about $1.73 billion.
The likeliest reason Citadel piled into shares of Meta is the expectation that its two core headwinds would be short-lived. These headwinds are a slowdown in ad spending, precipitated by the growing likelihood of a U.S. recession, along with swelling losses from Reality Labs, the company's metaverse and augmented-reality segment.
The great thing about the ad industry is that it's cyclical. While ad spending will almost certainly decline during periods of economic contraction, it's important to recognize that all recessions after World War II have lasted just two to 18 months. Betting on the ad industry to rebound and take advantage of economic expansions that are typically measured in years is a smart move.
To build on the above, Meta owns four of the most popular social media platforms in the world: Facebook, WhatsApp, Instagram, and Facebook Messenger. During the fourth quarter, 3.74 billion unique people visited at least one Meta-owned app each month. During bull markets, this should help Meta achieve significant ad-pricing power.
With regard to widening losses at Reality Labs, Meta CEO Mark Zuckerberg and the company's board have responded by approving a $40 billion share buyback, as well as reducing the company's full-year expenditures for 2023 by $5 billion (at the midpoint) from previous guidance. Thankfully, Meta remains very profitable and has the balance-sheet flexibility to spend aggressively on projects that may not move the needle for a couple of years.
Tesla
The second-largest stock holding in billionaire Ken Griffin's portfolio is electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA). Citadel Advisors closed out 2022 with nearly 7.52 million shares of North America's leading EV producer in its portfolio.
Tesla has been profitable for three consecutive years and is no longer reliant on selling renewable energy credits (RECs) to other automakers to remain profitable. By comparison, most new and legacy automakers are losing money on their respective EV divisions.
Rapidly rising production is another reason Griffin and his team were likely intrigued by Tesla. After producing 1.37 million EVs in 2022, the company is angling for around 1.8 million EVs produced this year. This increase is primarily expected to come from the company's gigafactories in Texas and Germany ramping up activity.
It's also worth mentioning that Tesla's long-awaited Cybertruck is expected to begin commercial production this summer, albeit high-volume output isn't expected until 2024. Keeping in mind that Cybertruck reservations were only $100 and fully refundable, Tesla counted 1.5 million pre-orders in November.
But betting on CEO Elon Musk can be incredibly risky. Musk has offered a mountain of promises but failed to deliver on numerous innovations. With production delays for new models becoming common, we're beginning to see evidence that Tesla's EV market share is slipping.
What's more, Tesla has cut prices in the U.S. five times since 2023 began. Although one hypothesis states that these price cuts are the result of production becoming more efficient, rapidly rising inventory levels suggest otherwise.
Given the penchant for portfolio turnover often exhibited by Ken Griffin and his investment team, it wouldn't be shocking if Citadel substantially reduced its stake in Tesla following its first-quarter run-up. We'll know for sure when Citadel files its Form 13F for the first quarter next month.
Image source: Apple.
Apple
Despite running absolute circles around Warren Buffett in 2022, Ken Griffin and the Oracle of Omaha share one thing in common: a love for tech-stock Apple (NASDAQ: AAPL). The company that comprises a whopping 44% of Berkshire Hathaway's investment portfolio is Citadel Advisors' third-largest holding by market cap.
If I had to venture a guess as to why Griffin's hedge fund holds nearly 6.16 million shares of Apple, the answer would be some combination of branding, innovation, and cash-flow consistency.
Regardless of what company is conducting the study, Apple tends to finish at the top of many brand-value surveys. It has a globally recognized brand and a veritable army of consumers who wait in line to buy new products.
With regard to innovation, Apple has fired on all cylinders more often than not for the past 15 years. Since introducing a 5G capable iPhone during the fourth quarter of 2020, the company has controlled around half of all U.S. smartphone market share. It's also seen its share of U.S. personal computer shipments (Mac) climb to a decade high.
But the innovation that's probably intriguing Ken Griffin and his investment team at Citadel is what Apple is doing on the subscription services front. Apple isn't turning its back on the physical products that attach consumers to its brand. Rather, it's evolving into a platforms company that uses subscription services to boost brand loyalty and increase its operating margin over time. At some point in the future, it wouldn't be a surprise to see subscription services become Apple's leading cash-flow driver.
Lastly, Apple generates a lot of cash -- over $109 billion in operating cash flow over the trailing-12-month period, to be precise. This cash allows Apple to reinvest in its business, make acquisitions, as well as reward its shareholders. It's doling out $14.55 billion in annual dividends to shareholders and has overseen more than $550 billion worth of share buybacks in 10 years.
10 stocks we like better than Meta Platforms
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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 Meta Platforms. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, Meta Platforms, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Despite running absolute circles around Warren Buffett in 2022, Ken Griffin and the Oracle of Omaha share one thing in common: a love for tech-stock Apple (NASDAQ: AAPL). These headwinds are a slowdown in ad spending, precipitated by the growing likelihood of a U.S. recession, along with swelling losses from Reality Labs, the company's metaverse and augmented-reality segment. Given the penchant for portfolio turnover often exhibited by Ken Griffin and his investment team, it wouldn't be shocking if Citadel substantially reduced its stake in Tesla following its first-quarter run-up.
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Apple Despite running absolute circles around Warren Buffett in 2022, Ken Griffin and the Oracle of Omaha share one thing in common: a love for tech-stock Apple (NASDAQ: AAPL). Few investors on Wall Street command attention quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett because the Oracle of Omaha has put on a clinic for nearly six decades. What follows are Ken Griffin's three top stock holdings, excluding the numerous options positions that Citadel Advisors uses to hedge its common stock holdings.
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Apple Despite running absolute circles around Warren Buffett in 2022, Ken Griffin and the Oracle of Omaha share one thing in common: a love for tech-stock Apple (NASDAQ: AAPL). Meta Platforms Based on the most recent Form 13F filing from Citadel Advisors, social media stock Meta Platforms (NASDAQ: META) was the hedge fund's largest holding. With regard to widening losses at Reality Labs, Meta CEO Mark Zuckerberg and the company's board have responded by approving a $40 billion share buyback, as well as reducing the company's full-year expenditures for 2023 by $5 billion (at the midpoint) from previous guidance.
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Apple Despite running absolute circles around Warren Buffett in 2022, Ken Griffin and the Oracle of Omaha share one thing in common: a love for tech-stock Apple (NASDAQ: AAPL). Meta Platforms Based on the most recent Form 13F filing from Citadel Advisors, social media stock Meta Platforms (NASDAQ: META) was the hedge fund's largest holding. Tesla The second-largest stock holding in billionaire Ken Griffin's portfolio is electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA).
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16361.0
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2023-04-13 00:00:00 UTC
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Guru Fundamental Report for AAPL - Warren Buffett
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-warren-buffett-19
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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 Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 100% 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.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Warren Buffett
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. 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 Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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16362.0
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2023-04-13 00:00:00 UTC
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Apple to use 100% recycled cobalt in batteries by 2025
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AAPL
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https://www.nasdaq.com/articles/apple-to-use-100-recycled-cobalt-in-batteries-by-2025
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nan
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nan
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April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use 100% recycled cobalt in batteries by 2025 as a part of its efforts to make its products carbon neutral.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)
((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;))
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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April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use 100% recycled cobalt in batteries by 2025 as a part of its efforts to make its products carbon neutral. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli) ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;)) 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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April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use 100% recycled cobalt in batteries by 2025 as a part of its efforts to make its products carbon neutral. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli) ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;)) 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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April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use 100% recycled cobalt in batteries by 2025 as a part of its efforts to make its products carbon neutral. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli) ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;)) 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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April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use 100% recycled cobalt in batteries by 2025 as a part of its efforts to make its products carbon neutral. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli) ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;)) 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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16363.0
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2023-04-13 00:00:00 UTC
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Apple Sets 2025 Target To Use 100% Recycled Cobalt In Batteries - Quick Facts
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AAPL
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https://www.nasdaq.com/articles/apple-sets-2025-target-to-use-100-recycled-cobalt-in-batteries-quick-facts
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nan
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nan
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(RTTNews) - Apple (AAPL) said, by 2025, all Apple-designed batteries will be made with 100 percent recycled cobalt, and magnets in Apple devices will use 100 percent recycled rare earth elements. Also, all Apple-designed printed circuit boards will use 100 percent recycled tin soldering and 100 percent recycled gold plating.
The company noted that it has significantly expanded the use of 100 percent certified recycled cobalt over the past three years.
In 2022, about 20 percent of all material shipped in Apple products came from recycled or renewable sources.
In the transition to recycled and renewable content, the company has prioritized 14 materials that together account for nearly 90 percent of the material shipped in Apple products: aluminum, cobalt, copper, glass, gold, lithium, paper, plastics, rare earth elements, steel, tantalum, tin, tungsten, and zinc.
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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(RTTNews) - Apple (AAPL) said, by 2025, all Apple-designed batteries will be made with 100 percent recycled cobalt, and magnets in Apple devices will use 100 percent recycled rare earth elements. The company noted that it has significantly expanded the use of 100 percent certified recycled cobalt over the past three years. In 2022, about 20 percent of all material shipped in Apple products came from recycled or renewable sources.
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(RTTNews) - Apple (AAPL) said, by 2025, all Apple-designed batteries will be made with 100 percent recycled cobalt, and magnets in Apple devices will use 100 percent recycled rare earth elements. Also, all Apple-designed printed circuit boards will use 100 percent recycled tin soldering and 100 percent recycled gold plating. In the transition to recycled and renewable content, the company has prioritized 14 materials that together account for nearly 90 percent of the material shipped in Apple products: aluminum, cobalt, copper, glass, gold, lithium, paper, plastics, rare earth elements, steel, tantalum, tin, tungsten, and zinc.
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(RTTNews) - Apple (AAPL) said, by 2025, all Apple-designed batteries will be made with 100 percent recycled cobalt, and magnets in Apple devices will use 100 percent recycled rare earth elements. Also, all Apple-designed printed circuit boards will use 100 percent recycled tin soldering and 100 percent recycled gold plating. In the transition to recycled and renewable content, the company has prioritized 14 materials that together account for nearly 90 percent of the material shipped in Apple products: aluminum, cobalt, copper, glass, gold, lithium, paper, plastics, rare earth elements, steel, tantalum, tin, tungsten, and zinc.
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(RTTNews) - Apple (AAPL) said, by 2025, all Apple-designed batteries will be made with 100 percent recycled cobalt, and magnets in Apple devices will use 100 percent recycled rare earth elements. Also, all Apple-designed printed circuit boards will use 100 percent recycled tin soldering and 100 percent recycled gold plating. The company noted that it has significantly expanded the use of 100 percent certified recycled cobalt over the past three years.
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16364.0
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2023-04-13 00:00:00 UTC
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Apple to use only recycled cobalt in batteries by 2025
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AAPL
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https://www.nasdaq.com/articles/apple-to-use-only-recycled-cobalt-in-batteries-by-2025
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nan
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nan
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Adds details on cobalt mining
April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade.
Magnets in Apple devices will use recycled rare earth elements, and in-house designed printed circuit boards will use recycled tin soldering and gold plating, the company said.
Apple is pushing to become carbon neutral through its entire supply chain and the life cycle of every product by 2030. On Tuesday, it also doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere.
In the past, several tech companies have been accused of being complicit in the death of children in the Democratic Republic of Congo (DRC) forced to mine cobalt, a critical material in the batteries used in most consumer electronics.
Most cobalt is produced as a by-product of copper or nickel mining, but artisanal miners in southern Congo exploit deposits near the surface that are rich in cobalt.
A quarter of all cobalt used in Apple products came from recycled material in 2022, up from 13% a year earlier, Apple said.
It now sources over two-thirds of all aluminum, nearly three-quarters of all rare earths, and more than 95% of all tungsten in its products from recycled material.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)
((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details on cobalt mining April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. Apple is pushing to become carbon neutral through its entire supply chain and the life cycle of every product by 2030. On Tuesday, it also doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere.
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Adds details on cobalt mining April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. Magnets in Apple devices will use recycled rare earth elements, and in-house designed printed circuit boards will use recycled tin soldering and gold plating, the company said. A quarter of all cobalt used in Apple products came from recycled material in 2022, up from 13% a year earlier, Apple said.
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Adds details on cobalt mining April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. Magnets in Apple devices will use recycled rare earth elements, and in-house designed printed circuit boards will use recycled tin soldering and gold plating, the company said. A quarter of all cobalt used in Apple products came from recycled material in 2022, up from 13% a year earlier, Apple said.
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Adds details on cobalt mining April 13 (Reuters) - Apple Inc AAPL.O said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. On Tuesday, it also doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. It now sources over two-thirds of all aluminum, nearly three-quarters of all rare earths, and more than 95% of all tungsten in its products from recycled material.
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2023-04-13 00:00:00 UTC
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2 Types of Corrections, 3 Ways to Navigate Them
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AAPL
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https://www.nasdaq.com/articles/2-types-of-corrections-3-ways-to-navigate-them
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nan
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nan
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Investors Should Welcome Pullbacks
Wall Street is a complex and ever-changing entity, influenced by many factors such as the Federal Reserve, economic conditions, geopolitical events, and investor sentiment. While stocks can experience long streaks of price appreciation, corrections are a natural part of the market cycle. As the old saying goes, “Without pain, how could we know joy?”
Correcting through Price Versus Time
A correction through price tends to be a dramatic and sudden drop more times than not. The suddenness and velocity can lead to a domino effect, where falling prices cause more selling in what ultimately becomes a “self-fulfilling prophecy” of sorts. In early 2022, this phenomenon gave way to a correction through both price and time.
Image Source: Zacks Investment Research
Conversely, when the stock market corrects through time, it usually means that the price is relatively stable, but the market experiences a brief period of consolidation or sideways price movement. During this time, investors may become hesitant and uncertain, leading to a dry-up in volume and a sideways price chop. Though a correction through time frustrates investors, it can be an essential building block for higher prices later.
Image Source: Zacks Investment Research
Corrections through time are evidence of a more robust market. 2022 was indicative of an equity market that required a large correction or reset. Meanwhile, thus far, the current correction is more a sign of a pause in an uptrend.
Navigating Pullbacks
Market corrections are a normal part of the investing cycle and can often be short-lived. Regardless of whether a correction occurs through time or price, investors need to remain calm and avoid making impulsive, emotional decisions. Below are 3 tips on how to navigate a market correction:
Ask yourself, “What stocks are holding up best?”: Relative strength is the most effective yet simple indicator at an investor’s disposal during a correction. Think of a strong relative strength stock as a beach ball being that is being held underwater. You can only hold the ball down for so long before it springboards back to the surface. Semiconductor leader Rambus (RMBS) was a prime example of relative strength in September 2022. In the yellow box on the chart below, notice how RMBS was hitting new highs while the S&P 500 Index was weak and retesting lows. Because 3-4 stocks tend to follow the market direction and RMBS didn’t, the action was noteworthy.
Image Source: Zacks Investment Research
Follow the Leaders: Leaders, or stocks that have been moving up the most in an uptrend are called leaders for a reason – they lead. Presently, tech, specifically semiconductors, are the leading stocks in the market. Innovative chip maker Nvidia (NVDA) is among the “cream of the crop” when it comes to true market leaders. As such, regardless of whether or not you caught this year’s breathtaking move in the stock, it bears watching. NVDA is pulling into trendline support and the 21-day moving average for the first time in 2023. If it can hold this zone, the correction may be short-lived. If the stock breaks this zone, the correction likely has longer to go.
Image Source: Zacks Investment Research
Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Apple (AAPL), Advanced Micro Devices (AMD), and Netflix (NFLX).
Know your timeframe: Before a correction occurs, and before you decide to invest in the stock market, for that matter, you should be acutely aware of what you’re willing to risk and your time frame. In this case, there is no right or wrong answer. However, your time frame should lead you to how you handle corrections. For example, a long-term investor should be able to take a 5-10% correction in the S&P 500 Index in stride. On the other hand, swing traders may need to stop themselves out of some positions in that case and readjust their portfolio. Either way, investors should prepare and have a clear-cut strategy ahead of time.
Conclusion
Price pullbacks are often thought of in a negative light by investors. However, as we explained above, they are a necessary ingredient for the market and can help lead the way for the next market move higher. To succeed, investors should stay calm, informed, and enter corrections with a clear action plan.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Apple Inc. (AAPL) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Rambus, Inc. (RMBS) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : 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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Image Source: Zacks Investment Research Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Apple (AAPL), Advanced Micro Devices (AMD), and Netflix (NFLX). Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : 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. Regardless of whether a correction occurs through time or price, investors need to remain calm and avoid making impulsive, emotional decisions.
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Image Source: Zacks Investment Research Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Apple (AAPL), Advanced Micro Devices (AMD), and Netflix (NFLX). Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : 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. Image Source: Zacks Investment Research Follow the Leaders: Leaders, or stocks that have been moving up the most in an uptrend are called leaders for a reason – they lead.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : 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. Image Source: Zacks Investment Research Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Apple (AAPL), Advanced Micro Devices (AMD), and Netflix (NFLX). Image Source: Zacks Investment Research Conversely, when the stock market corrects through time, it usually means that the price is relatively stable, but the market experiences a brief period of consolidation or sideways price movement.
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Image Source: Zacks Investment Research Other leading stocks to watch for more evidence include mega-cap tech stocks such as Microsoft (MSFT), Meta Platforms (META), Alphabet (GOOGL), Apple (AAPL), Advanced Micro Devices (AMD), and Netflix (NFLX). Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : 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. As the old saying goes, “Without pain, how could we know joy?” Correcting through Price Versus Time A correction through price tends to be a dramatic and sudden drop more times than not.
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2023-04-12 00:00:00 UTC
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Wall Street rises as inflation data soothes rate-hike jitters
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AAPL
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https://www.nasdaq.com/articles/wall-street-rises-as-inflation-data-soothes-rate-hike-jitters
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nan
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nan
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By Sruthi Shankar and Ankika Biswas
April 12 (Reuters) - U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon.
The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. Economists were expecting a rise of 0.2% and 0.4%, respectively.
On a year-over-year basis, the headline number rose 5% against economists' estimates of a 5.2% rise, while the core measure, which strips out volatile food and energy prices, climbed 5.6% in-line with consensus estimates.
"Today's CPI takes some heat off the Fed, for now. Moderating price pressures combined with signs of cooling in the labor market will offer a temporary reprieve to markets," said Ronald Temple, chief market strategist at Lazard.
"While this is good news, it does not mean tightening is over. Core inflation remains far above the Fed's target, and the path to 2% will be bumpy."
Stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the U.S. central bank will raise interest rates again next month.
Traders mostly stuck to bets that the Fed will hike rates by 25 basis points next month, with Fed fund futures pricing in a 70% chance of such a move.
After the banking turmoil last month, investors were betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
Major technology and other growth stocks such as Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Apple Inc AAPL.O edged higher as Treasury yields slipped. US/
Minutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes.
Investors are also awaiting the first-quarter earnings season, which begins in earnest on Friday with results from three major banks, Citigroup Inc C.N, JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N.
At 9:58 a.m. ET, the Dow Jones Industrial Average .DJI was up 155.96 points, or 0.46%, at 33,840.75, the S&P 500 .SPX was up 13.20 points, or 0.32%, at 4,122.14, and the Nasdaq Composite .IXIC was up 9.36 points, or 0.08%, at 12,041.24.
American Airlines Group Inc AAL.O dropped 7.1% as it forecast a lower-than-expected profit for the first quarter as the carrier battles high fuel costs.
The wider airlines index .SPLRCALI fell nearly 4%.
U.S.-listed shares of Chinese firms Alibaba Group Holding Ltd BABA.N and JD.com Inc JD.O fell almost 4% each as investors weighed rising geopolitical tensions.
Taiwan said on Wednesday it had successfully urged China to drastically narrow its plan to close air space north of the island, averting wider travel disruption in a period of high tension in the region due to China's military exercises.
Advancing issues outnumbered decliners for a 3.36-to-1 ratio on the NYSE and a 1.54-to-1 ratio on the Nasdaq.
The S&P index recorded eight new 52-week highs and no new low, while the Nasdaq recorded 45 new highs and 43 new lows.
US inflation, Fed rates and Marketshttps://tmsnrt.rs/3KTumBW
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
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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Major technology and other growth stocks such as Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Apple Inc AAPL.O edged higher as Treasury yields slipped. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. After the banking turmoil last month, investors were betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
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Major technology and other growth stocks such as Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Apple Inc AAPL.O edged higher as Treasury yields slipped. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis.
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Major technology and other growth stocks such as Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Apple Inc AAPL.O edged higher as Treasury yields slipped. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. Traders mostly stuck to bets that the Fed will hike rates by 25 basis points next month, with Fed fund futures pricing in a 70% chance of such a move.
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Major technology and other growth stocks such as Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Apple Inc AAPL.O edged higher as Treasury yields slipped. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis.
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2023-04-12 00:00:00 UTC
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Apple in talks with suppliers to make MacBooks in Thailand - Nikkei
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AAPL
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https://www.nasdaq.com/articles/apple-in-talks-with-suppliers-to-make-macbooks-in-thailand-nikkei
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nan
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nan
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(Adds details, background)
April 13 (Reuters) - Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday.
Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers directly involved in the conversations with Apple told Nikkei.
Apple did not immediately respond to a Reuters request for comment.
Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business from mounting Sino-U.S. trade frictions.
(Reporting by Akriti Sharma and Yana Gaur in Bengaluru; Editing by Nivedita Bhattacharjee) ((Akriti.Sharma@thomsonreuters.com;)) Keywords: APPLE THAILAND/MACBOOK (UPDATE 1, PIX)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Adds details, background) April 13 (Reuters) - Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday. Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business from mounting Sino-U.S. trade frictions. (Reporting by Akriti Sharma and Yana Gaur in Bengaluru; Editing by Nivedita Bhattacharjee) ((Akriti.Sharma@thomsonreuters.com;)) Keywords: APPLE THAILAND/MACBOOK (UPDATE 1, PIX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Adds details, background) April 13 (Reuters) - Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers directly involved in the conversations with Apple told Nikkei. Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business from mounting Sino-U.S. trade frictions.
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(Adds details, background) April 13 (Reuters) - Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers directly involved in the conversations with Apple told Nikkei. (Reporting by Akriti Sharma and Yana Gaur in Bengaluru; Editing by Nivedita Bhattacharjee) ((Akriti.Sharma@thomsonreuters.com;)) Keywords: APPLE THAILAND/MACBOOK (UPDATE 1, PIX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Adds details, background) April 13 (Reuters) - Apple Inc is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers directly involved in the conversations with Apple told Nikkei. Apple did not immediately respond to a Reuters request for comment.
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16368.0
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2023-04-12 00:00:00 UTC
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Meta Platforms (META) Unveils New Payment Aspect in WhatsApp
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AAPL
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https://www.nasdaq.com/articles/meta-platforms-meta-unveils-new-payment-aspect-in-whatsapp
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nan
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nan
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Meta Platforms META recently launched new abilities for users to pay directly to local small businesses from WhatsApp chat in Brazil.
The new feature will connect small businesses and prospective buyers through WhatsApp and reduce the hassle of managing different websites and apps for shopping and payments.
This seamless and secure checkout experience unlocks the merchant payment market in Brazil. This will likely improve user growth across Meta’s Family of Apps business and drive the top line.
Payments on WhatsApp feature was initially launched in Brazil to provide users with in-app commercial abilities. This includes viewing a store’s catalog and sending or receiving payments with strong security and privacy principles. Currently, this feature is available only for users in India and Brazil.
In November 2022, WhatsApp launched its business directory and search feature in Brazil to find businesses from within the app, providing categorization of businesses and saving users time looking for various websites and contact details.
Meta Platforms, Inc. Price and Consensus
Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote
META Facing Challenges Amid Market Turmoil
Meta has been suffering from lower ad revenues primarily due to Apple’s AAPL privacy related changes in iOS.
Revenues from Family of Apps (99% of total revenues) in the fourth quarter of 2022, which includes Facebook, Instagram, Messenger, WhatsApp and other services, dropped 4% year over year to $31.4 billion. Reality Labs’ revenues fell 17% year over year to $727 million.
Meta’s Metaverse ambitions have also suffered in the recent times due to decreasing user interest and challenging macroeconomic conditions.
Major companies like Disney DIS and Microsoft MSFT have already eliminated their metaverse division as a part of their restructuring plans for sustainable growth.
Disney eliminated its entire metaverse team of roughly 50 people as a part of broader layoffs impacting around 7000 employees to reduce operating costs.
Microsoft ceased its Industrial metaverse core team within four months of its formation. The team of 100 employees who encouraged the use of metaverse in industrial environments were laid off in this process. The discontinuance was due to a shift in Microsoft’s priorities towards short-term projects rather than those needing extensive duration to generate revenue.
What Awaits META Shares in 2023?
Shares of Meta have gained 77.7% year to date compared with the Zacks Computer and Technology sector, which increased 19.3% in the same time frame.
The outperformance is largely due to its initiatives to increase efficiency through restructuring of the organization by making layoffs and cutting non-performing projects. This exhibits a shift in focus on growing its core businesses and realigning strategic priorities.
Meta’s long-term growth prospects are likely to improve as it revamps its focus to its core business of fastest-growing messaging offerings, including the monetization opportunity for WhatsApp as a step towards increased efficiency.
Meta continues to invest heavily in AI and launching features across Instagram, Facebook and WhatsApp to boost its user growth in its Family of Apps. It continues to develop and deploy privacy-enhancing technologies and build new tools that will make it easier for advertisers to create and deliver more relevant and engaging ads.
This Zacks Rank #1 (Strong Buy) company’s first-quarter 2023 revenues are pegged between $26 billion and $28.5 billion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for fiscal first quarter revenues is pegged at $27.48 billion, indicating a decline in growth of 1.54% from the year-ago quarter’s reported figure.he consensus mark for earnings has dropped 0.5% to $1.97 per share in the past 30 days.
4 Oil Stocks with Massive Upsides
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Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
The Walt Disney Company (DIS) : 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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Meta Platforms, Inc. Price and Consensus Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote META Facing Challenges Amid Market Turmoil Meta has been suffering from lower ad revenues primarily due to Apple’s AAPL privacy related changes in iOS. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta’s long-term growth prospects are likely to improve as it revamps its focus to its core business of fastest-growing messaging offerings, including the monetization opportunity for WhatsApp as a step towards increased efficiency.
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Meta Platforms, Inc. Price and Consensus Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote META Facing Challenges Amid Market Turmoil Meta has been suffering from lower ad revenues primarily due to Apple’s AAPL privacy related changes in iOS. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from Family of Apps (99% of total revenues) in the fourth quarter of 2022, which includes Facebook, Instagram, Messenger, WhatsApp and other services, dropped 4% year over year to $31.4 billion.
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Meta Platforms, Inc. Price and Consensus Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote META Facing Challenges Amid Market Turmoil Meta has been suffering from lower ad revenues primarily due to Apple’s AAPL privacy related changes in iOS. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta Platforms META recently launched new abilities for users to pay directly to local small businesses from WhatsApp chat in Brazil.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Meta Platforms, Inc. Price and Consensus Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote META Facing Challenges Amid Market Turmoil Meta has been suffering from lower ad revenues primarily due to Apple’s AAPL privacy related changes in iOS. Meta Platforms META recently launched new abilities for users to pay directly to local small businesses from WhatsApp chat in Brazil.
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16369.0
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2023-04-12 00:00:00 UTC
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Cirrus Logic slumps as analyst says Apple to abandon button design change
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AAPL
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https://www.nasdaq.com/articles/cirrus-logic-slumps-as-analyst-says-apple-to-abandon-button-design-change
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nan
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nan
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April 12 (Reuters) - Shares of Apple Inc AAPL.O supplier Cirrus Logic Inc CRUS.O tumbled about 13% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones.
Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift.
"Investors had anticipated that the new solid-state button design would increase suppliers' revenues and profits," Kuo said.
Kuo said the iPhone 15 Pro smartphones were in the Engineering Validation and Testing stage and Apple had the room to modify its design, adding the decision was also unfavorable for another supplier Hong Kong-listed AAC Technologies Holdings 2018.HK.
Shares of integrated circuit maker Cirrus Logic have hit their lowest in over two months and are set for their worst day in more than two years.
Apple, Cirrus Logic and AAC Technologies did not immediately respond to Reuters' requests for comment.
(Reporting by Lance Tupper in New York and Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)
((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti 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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April 12 (Reuters) - Shares of Apple Inc AAPL.O supplier Cirrus Logic Inc CRUS.O tumbled about 13% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift. Kuo said the iPhone 15 Pro smartphones were in the Engineering Validation and Testing stage and Apple had the room to modify its design, adding the decision was also unfavorable for another supplier Hong Kong-listed AAC Technologies Holdings 2018.HK.
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April 12 (Reuters) - Shares of Apple Inc AAPL.O supplier Cirrus Logic Inc CRUS.O tumbled about 13% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. "Investors had anticipated that the new solid-state button design would increase suppliers' revenues and profits," Kuo said. Apple, Cirrus Logic and AAC Technologies did not immediately respond to Reuters' requests for comment.
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April 12 (Reuters) - Shares of Apple Inc AAPL.O supplier Cirrus Logic Inc CRUS.O tumbled about 13% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift. Kuo said the iPhone 15 Pro smartphones were in the Engineering Validation and Testing stage and Apple had the room to modify its design, adding the decision was also unfavorable for another supplier Hong Kong-listed AAC Technologies Holdings 2018.HK.
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April 12 (Reuters) - Shares of Apple Inc AAPL.O supplier Cirrus Logic Inc CRUS.O tumbled about 13% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift. (Reporting by Lance Tupper in New York and Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri) ((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti 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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16370.0
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2023-04-12 00:00:00 UTC
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Buffett Reduces Taiwan Semiconductor Stake After This Happened
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https://www.nasdaq.com/articles/buffett-reduces-taiwan-semiconductor-stake-after-this-happened
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Economic pendulums swing from expansion to contraction and vice versa as cycles take over their natural processes. Whenever the pendulum swings too fast or too far one way, physics (and economics) dictate that it must, after that, face a similar and opposite swing in the opposite direction. The semiconductor industry saw a definite swing to extreme demand, record shortages, and the inability to meet increasing demand.
A seemingly negative statistic quickly takes the spotlight when investors look at the FED capacity utilization reports for the past two quarters. Computer and electronic equipment segments saw readings decline from 70.8% utilization (where a 75-80% reading is considered healthy) down to 65.5% in February of 2023, posing a threat of continued declines when March's statistics are reported. A decline in capacity utilization comes from elevated inventory levels across the industry and falling demand from various electronics markets, namely the personal computer space.
Apple Inc. (NASDAQ: AAPL) reported a 40.5% decline in personal computer shipments in the first quarter of 2023, accruing to a total shipment decline of 29% across the personal computer industry. The dire slowdown in personal computer sales and subsequent orders is further accentuated in practices by companies like HP (NYSE: HPQ) and Lenovo Group (OTCMKTS: LNVGY) applying discounts to their laptops and other personal computers within their websites.
Taiwan Semiconductor Manufacturing Disappointing Sales
Taiwan Semiconductor Manufacturing (NYSE: TSM) had been a Warren Buffett favorite before the COVID-19 pandemic. However, the oracle of Omaha has openly expressed that there are now greener pastures in other markets. Buffett has recently expressed concern regarding geopolitical risks between China and Taiwan, as the mainland giant has been flexing its military muscles with repeated drills around the smaller island. This behavior by Chinese officials has created tension and growing concerns regarding a possible invasion and more significant conflict.
Buffett has reportedly reduced his stake in Taiwan Semiconductor by nearly USD 4 billion in the fourth quarter of 2022, expressing to the Nikkei Newspaper that the foundry giant is still well run but that his holding company had more attractive markets in which to deploy its capital. "Better markets" were located in Japan as Buffett has invested in Japanese trading houses, with stakes up to 7.4% ownership in each, making diversification in food and energy an attractive bet.
Meanwhile, Taiwan Semiconductor reported its first quarter sales data (month by month), with a disappointing tone to investors finding their footing within the personal computer waters. January and February both showcased reasonable sales growth rates, posting 16.2% and 11.1% respectively; however, the beat of the drum seemed to pivot in March as the company reported -15.4% contraction in sales making this the second consecutive quarter of missed sales expectations.
Not only are sales delivering a disappointing quarter for Taiwan Semiconductor investors, but management has also guided to contracting margins across the board. For example, the fourth quarter of 2022 saw gross margins of 62.2% and operating margins of 52%; investors can now expect (aside from a revenue decline) gross margins closer to 53.5% and operating margins around 1,100 basis points lower than the previous quarter, translating to 41.5%. Perhaps this has been one of the factors, adding to growing geopolitical risk concerns, for Buffett to consider reducing his position in the global foundry giant.
Patience Pays Off
Some investors may be willing to take a second, or even third, look at the Taiwan conglomerate after noticing a reported 2022 return on equity of 39.8%. In contrast, the average American business struggles to top 10-12%. Despite all the excitement around this well-run high-quality business operating in one of the fastest-growing industries, analyst targets give investors a warning sign into what may come later this year by pointing to the stock currently trading around fair value, as seen in their negligible 1.4% upside.
An ensuing global economic slowdown, seen mainly in the United States Manufacturing PMI index, which is below 50% (anything below 50% signals economic contraction) for five consecutive months. Given that Taiwan Semiconductor relies on iPhones and other personal electronics, which derive most of their revenue from the American consumer, this contraction in economic activity may fuel a possible decline in the stock before it comes into favor again.
TSM stock may be brought back to attractive support ranges, with the first and most proximate being $72-$76 and a secondary level being within $58-$62, implying significant Fibonacci retracement levels and weekly RSI 'oversold' areas. Therefore, investors would be best served by waiting for capacity utilization rebounds in the personal electronics space and a revival of sales and orders from Apple and other personal computer giants, all to be able to pick TSM stock at more favorable yields.
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. (NASDAQ: AAPL) reported a 40.5% decline in personal computer shipments in the first quarter of 2023, accruing to a total shipment decline of 29% across the personal computer industry. Buffett has reportedly reduced his stake in Taiwan Semiconductor by nearly USD 4 billion in the fourth quarter of 2022, expressing to the Nikkei Newspaper that the foundry giant is still well run but that his holding company had more attractive markets in which to deploy its capital. Despite all the excitement around this well-run high-quality business operating in one of the fastest-growing industries, analyst targets give investors a warning sign into what may come later this year by pointing to the stock currently trading around fair value, as seen in their negligible 1.4% upside.
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Apple Inc. (NASDAQ: AAPL) reported a 40.5% decline in personal computer shipments in the first quarter of 2023, accruing to a total shipment decline of 29% across the personal computer industry. Taiwan Semiconductor Manufacturing Disappointing Sales Taiwan Semiconductor Manufacturing (NYSE: TSM) had been a Warren Buffett favorite before the COVID-19 pandemic. January and February both showcased reasonable sales growth rates, posting 16.2% and 11.1% respectively; however, the beat of the drum seemed to pivot in March as the company reported -15.4% contraction in sales making this the second consecutive quarter of missed sales expectations.
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Apple Inc. (NASDAQ: AAPL) reported a 40.5% decline in personal computer shipments in the first quarter of 2023, accruing to a total shipment decline of 29% across the personal computer industry. Buffett has reportedly reduced his stake in Taiwan Semiconductor by nearly USD 4 billion in the fourth quarter of 2022, expressing to the Nikkei Newspaper that the foundry giant is still well run but that his holding company had more attractive markets in which to deploy its capital. Meanwhile, Taiwan Semiconductor reported its first quarter sales data (month by month), with a disappointing tone to investors finding their footing within the personal computer waters.
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Apple Inc. (NASDAQ: AAPL) reported a 40.5% decline in personal computer shipments in the first quarter of 2023, accruing to a total shipment decline of 29% across the personal computer industry. A decline in capacity utilization comes from elevated inventory levels across the industry and falling demand from various electronics markets, namely the personal computer space. Buffett has reportedly reduced his stake in Taiwan Semiconductor by nearly USD 4 billion in the fourth quarter of 2022, expressing to the Nikkei Newspaper that the foundry giant is still well run but that his holding company had more attractive markets in which to deploy its capital.
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16371.0
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2023-04-12 00:00:00 UTC
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Alphabet (GOOGL) Adds New Features for YouTube Premium Users
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AAPL
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https://www.nasdaq.com/articles/alphabet-googl-adds-new-features-for-youtube-premium-users
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Alphabet’s GOOGL division Google recently introduced features for YouTube Premium users to provide an enhanced experience.
The new features include queuing on phones and tablets, Watch Together sessions on Android and iOS, cross-device viewing to continue watching videos across different devices, Smart Downloads for offline viewing, and enhanced video quality on iOS.
These updates will provide more control, convenience and improved viewing experiences for YouTube Premium members.
The latest move is expected to encourage YouTube premium subscription in the days ahead, in turn, aiding the performance of the Google Services segment, which contributes the most to Alphabet’s top line.
Revenues from the Google services business was $67.84 billion, accounting for 89.2% of the total fourth-quarter 2022 revenues.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Growing YouTube Initiatives
Apart from the recent move, YouTube redesigned its icons. These small markers act as a kind of visual navigation system, guiding you through the app so you can create content or find things to watch.
Further, YouTube can now be used by professionals to claim credits for continuing education in medicine and nursing. Clinicians will be able to watch videos and claim Continuing Medical Education (CME) and Continuing Nursing Education (CNE) credits.
Healthcare professionals across specialties can access reliable, authoritative content on YouTube through the Harvard Medical School Continuing Education channel.
Riding on YouTube’s consistent efforts, Alphabet remains well-poised to capitalize on the growth prospects present in the booming video-streaming market.
Per a Grand View Research report, the market is expected to see a CAGR of 21.5% between 2023 and 2030.
According to a Statista report, revenues from the video-streaming market are expected to reach $137 billion by 2027, seeing a CAGR of 9.48% between 2023 and 2027.
We believe Alphabet’s growing prospects in this potential market are likely to aid it in winning investors’ confidence in the near term.
Shares of GOOGL have risen 19.4% in the year-to-date period, outperforming the Computer and Technology sector’s rise of 18.4%.
Competitive Scenario
Given the upbeat scenario, apart from Alphabet, other major companies, including Apple AAPL, Amazon AMZN and Netflix NFLX are making strong efforts to expand their presence in the video-streaming space.
Amazon is gaining popularity among customers through its video-on-demand service, Prime Video, which provides movies, TV shows, and exclusive Amazon Originals, keeping users glued to the platform. Further, online shopping perks like quick delivery, easy returns and great discounts on various products that come free with Prime subscription help Amazon to attract Prime subscribers. Shares of Amazon have been up 18.9% in the year-to-date period.
Apple, which has gained 23.7% in the year-to-date period, is continuously witnessing solid momentum across its video-streaming platform, Apple TV+. Apple is gaining popularity with its critically acclaimed and popular shows like Ted Lasso.
Netflix is benefiting from its diverse content portfolio, which is the result of significant investments in production and distribution of localized and foreign-language content. It also introduced games to keep users engaged to its platform. Netflix has gained 14.7% year to date.
Nonetheless, Alphabet's efforts to add useful features and rich video content on YouTube are expected to continue strengthening its position in the market.
Currently, Alphabet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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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Competitive Scenario Given the upbeat scenario, apart from Alphabet, other major companies, including Apple AAPL, Amazon AMZN and Netflix NFLX are making strong efforts to expand their presence in the video-streaming space. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. The latest move is expected to encourage YouTube premium subscription in the days ahead, in turn, aiding the performance of the Google Services segment, which contributes the most to Alphabet’s top line.
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Competitive Scenario Given the upbeat scenario, apart from Alphabet, other major companies, including Apple AAPL, Amazon AMZN and Netflix NFLX are making strong efforts to expand their presence in the video-streaming space. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Alphabet’s GOOGL division Google recently introduced features for YouTube Premium users to provide an enhanced experience.
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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 Netflix, Inc. (NFLX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Competitive Scenario Given the upbeat scenario, apart from Alphabet, other major companies, including Apple AAPL, Amazon AMZN and Netflix NFLX are making strong efforts to expand their presence in the video-streaming space. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing YouTube Initiatives Apart from the recent move, YouTube redesigned its icons.
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Competitive Scenario Given the upbeat scenario, apart from Alphabet, other major companies, including Apple AAPL, Amazon AMZN and Netflix NFLX are making strong efforts to expand their presence in the video-streaming space. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple, which has gained 23.7% in the year-to-date period, is continuously witnessing solid momentum across its video-streaming platform, Apple TV+.
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16372.0
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2023-04-12 00:00:00 UTC
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Mac Sales Could Continue to Slip. Should Apple Investors Brace Themselves?
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AAPL
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https://www.nasdaq.com/articles/mac-sales-could-continue-to-slip.-should-apple-investors-brace-themselves
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nan
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A recent report shows a fragile personal computer shipment in Q1 2023, and Apple (NASDAQ: AAPL) saw the most significant decline among the top makers. Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of April 11, 2023. The video was published on April 11, 2023.
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Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A recent report shows a fragile personal computer shipment in Q1 2023, and Apple (NASDAQ: AAPL) saw the most significant decline among the top makers. Check out the short video to learn more, consider subscribing, and click the special offer link below. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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A recent report shows a fragile personal computer shipment in Q1 2023, and Apple (NASDAQ: AAPL) saw the most significant decline among the top makers. *Stock prices used were the market prices of April 11, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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A recent report shows a fragile personal computer shipment in Q1 2023, and Apple (NASDAQ: AAPL) saw the most significant decline among the top makers. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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A recent report shows a fragile personal computer shipment in Q1 2023, and Apple (NASDAQ: AAPL) saw the most significant decline among the top makers. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple.
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16373.0
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2023-04-12 00:00:00 UTC
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Wall Street eyes higher open as inflation data eases rate-hike worries
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AAPL
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https://www.nasdaq.com/articles/wall-street-eyes-higher-open-as-inflation-data-eases-rate-hike-worries
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By Sruthi Shankar and Ankika Biswas
April 12 (Reuters) - Wall Street's main indexes were poised for a higher open on Wednesday as headline consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon.
The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. Economists were expecting a rise of 0.2% and 0.4%, respectively.
On a year-over-year basis, the headline number rose 5% against economists' estimates of a 5.2% rise, while the core measure, which strips out volatile food and energy prices, climbed 5.6% in-line with consensus estimates.
"We are finally starting to see the cumulative effects of the relentless rate hikes," said Peter Andersen, founder at Andersen Capital Management.
After a banking turmoil last month, investors are betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
Traders now see a 67% chance of a 25-basis point rate hike in May by the Fed, down from 73% before the release of the data.
Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O reversed early losses and jumped between 0.7% and 2.1% in premarket trade, helped by a fall in U.S. Treasury yields.
Minutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes.
Also in focus will be remarks from Fed officials.
Minneapolis Fed President Neel Kashkari said on Tuesday that allowing inflation to stay high would be even worse for the labor market, while Chicago Fed President Austan Goolsbee said the U.S. central bank should be cautious about raising interest rates in the face of recent banking stress.
Beyond CPI, investors are awaiting the first-quarter earnings season, which begins in earnest on Friday with results from three major banks, Citigroup Inc C.N, JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N.
At 8:43 a.m. ET, Dow e-minis 1YMcv1 were up 220 points, or 0.65%, S&P 500 e-minis EScv1 were up 33 points, or 0.80%, and Nasdaq 100 e-minis NQcv1 were up 130 points, or 0.99%.
Among stocks, American Airlines Group Inc AAL.O dropped 1.9% after forecasting first-quarter earnings below analyst estimates.
U.S.-listed shares of Chinese firms Alibaba Group Holding Ltd BABA.N, Baidu Inc BIDU.O and JD.com Inc JD.O slipped over 1% each as investors weighed rising geopolitical tensions.
Taiwan said on Wednesday it had successfully urged China to drastically cut its plan to close airspace north of the island, averting wider travel disruption in a period of high tension in the region due to China's military exercises.
US inflation, Fed rates and marketshttps://tmsnrt.rs/3zPOzSU
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Additional reporting by Shashwat Chauhan; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
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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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O reversed early losses and jumped between 0.7% and 2.1% in premarket trade, helped by a fall in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - Wall Street's main indexes were poised for a higher open on Wednesday as headline consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. After a banking turmoil last month, investors are betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O reversed early losses and jumped between 0.7% and 2.1% in premarket trade, helped by a fall in U.S. Treasury yields. The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. On a year-over-year basis, the headline number rose 5% against economists' estimates of a 5.2% rise, while the core measure, which strips out volatile food and energy prices, climbed 5.6% in-line with consensus estimates.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O reversed early losses and jumped between 0.7% and 2.1% in premarket trade, helped by a fall in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - Wall Street's main indexes were poised for a higher open on Wednesday as headline consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. Minneapolis Fed President Neel Kashkari said on Tuesday that allowing inflation to stay high would be even worse for the labor market, while Chicago Fed President Austan Goolsbee said the U.S. central bank should be cautious about raising interest rates in the face of recent banking stress.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O reversed early losses and jumped between 0.7% and 2.1% in premarket trade, helped by a fall in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - Wall Street's main indexes were poised for a higher open on Wednesday as headline consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon. Economists were expecting a rise of 0.2% and 0.4%, respectively.
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16374.0
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2023-04-12 00:00:00 UTC
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US STOCKS-Futures edge higher ahead of key inflation data
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https://www.nasdaq.com/articles/us-stocks-futures-edge-higher-ahead-of-key-inflation-data-0
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By Sruthi Shankar and Ankika Biswas
April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak.
After a banking turmoil last month, investors are betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
The Labor Department data, which will be published at 8:30 a.m. ET (1230 GMT), is expected to show headline and core consumer prices in March eased to 0.2% and 0.4%, respectively, on a monthly basis.
But year-on-year, while consensus estimates call for a significant drop in the headline number, to 5.2% from 6.0%, the core measure, which strips out volatile food and energy prices, is expected to rise to 5.6% from 5.5%.
"The U.S. equity market and other assets are showing signs of pent-up volatility ahead of the March CPI report today, one of the final macro data points that can tilt the odds of the Fed moving ahead with another rate hike at the May 3 meeting or deciding to stand pat," Saxo Bank strategists said.
Money market traders are pricing in a nearly 72% chance that the Fed will hike interest rates by 25 basis points in May, according to CME Group's Fedwatch tool.
Minutes from the U.S. central bank's policy meeting in March will be watched closely by investors later in the day for fresh clues on the trajectory of interest rates. The Fed in March raised rates by 25 bps and signaled it was on the verge of pausing further rate hikes.
Also in focus will be remarks from Fed officials.
Minneapolis Fed President Neel Kashkari said on Tuesday that allowing inflation to stay high would be even worse for the labor market, while Chicago Fed President Austan Goolsbee said the U.S. central bank should be cautious about raising interest rates in the face of recent banking stress.
Beyond CPI, investors are awaiting the first-quarter earnings season, which begins in earnest on Friday with results from three major banks, Citigroup Inc C.N, JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N.
At 6:44 a.m. ET, Dow e-minis 1YMcv1 were up 86 points, or 0.25%, S&P 500 e-minis EScv1 were up 6.75 points, or 0.16%, and Nasdaq 100 e-minis NQcv1 were up 1.25 points, or 0.01%.
Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O edged lower in premarket trade tracking a rise in U.S. Treasury yields.
National CineMedia Inc's NCMI.O shares sank 20% after the biggest movie-theater advertising business in North America said it filed for bankruptcy protection and entered into a restructuring agreement with its lenders.
U.S.-listed shares of Chinese firms Alibaba Group Holding Ltd BABA.N, Baidu Inc BIDU.O and JD.com Inc JD.O slipped between 0.5% and 2.0% as investors weighed rising geopolitical tensions.
China plans to close the airspace north of Taiwan for about half an hour next week, down from an originally announced three days, because of a falling object from a satellite launch vehicle, officials in Taiwan and South Korea said.
US inflation, Fed rates and marketshttps://tmsnrt.rs/3zPOzSU
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
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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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O edged lower in premarket trade tracking a rise in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak. After a banking turmoil last month, investors are betting that the Fed will soon end its aggressive monetary tightening campaign and also start cutting rates in the back half of the year amid growing concerns of a recession.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O edged lower in premarket trade tracking a rise in U.S. Treasury yields. Money market traders are pricing in a nearly 72% chance that the Fed will hike interest rates by 25 basis points in May, according to CME Group's Fedwatch tool. Minutes from the U.S. central bank's policy meeting in March will be watched closely by investors later in the day for fresh clues on the trajectory of interest rates.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O edged lower in premarket trade tracking a rise in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak. "The U.S. equity market and other assets are showing signs of pent-up volatility ahead of the March CPI report today, one of the final macro data points that can tilt the odds of the Fed moving ahead with another rate hike at the May 3 meeting or deciding to stand pat," Saxo Bank strategists said.
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Major technology and other growth stocks such as Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Tesla Inc TSLA.O and Meta Platforms Inc META.O edged lower in premarket trade tracking a rise in U.S. Treasury yields. By Sruthi Shankar and Ankika Biswas April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak. Money market traders are pricing in a nearly 72% chance that the Fed will hike interest rates by 25 basis points in May, according to CME Group's Fedwatch tool.
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16375.0
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2023-04-12 00:00:00 UTC
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Stock Market Sell-Off: Is Apple a Buy?
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AAPL
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https://www.nasdaq.com/articles/stock-market-sell-off%3A-is-apple-a-buy-0
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nan
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nan
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A stock market sell-off in 2022 caused Apple's (NASDAQ: AAPL) stock to fall 27% throughout the year. The tumble was driven mainly by macroeconomic headwinds, which reduced consumer spending and led tech stocks to fall out of favor with Wall Street.
The market has enjoyed a surge in 2023, with Apple shares up 24% year to date. However, recent reports that the company's personal computing sales are falling could prompt a short-term dip, and make it an excellent time to buy.
Here's why Apple's stock is a screaming buy after a sell-off.
PC market declines haven't let up, but that's not a reason to avoid Apple
The PC market experienced steep declines in 2022, hurting companies across the industry. With inflation showing signs of easing in recent months, many analysts have thought the market would begin recovering this year. However, an IDC report published on April 9 revealed that PC sales continued to slip in the first quarter of 2023, with shipments falling 29% year over year. What's more, while Apple's rivals Lenovo, HP Inc., Dell, and ASUS experienced PC shipments declines between 24.2% and 30.3%, the iPhone company's shipments decreased over 40%.
The report led Apple shares to begin trending down, falling around 2% in the first few hours of the market's opening on April 10.
While a stumble in PCs is concerning for Apple's Mac segment, it isn't particularly damning for the company's long-term success. The company's home-grown computer chips, dubbed Apple Silicon, perform far better than the competition. In battery life alone, Apple's M2 chip provided between 50% and over 100% more battery life than competing versions from Dell and Asus. The company's edge primarily stems from the complete control it has over its chip production, while its rivals rely on suppliers such as Intel and AMD. As a result, Apple's outperforming chips and Macs will likely allow it to surpass its rivals over the long term.
In the meantime, Apple's revenue diversification makes it well-equipped to sustain its business until market headwinds subside. In fiscal 2022, the company's Mac business was responsible for about 10% of all revenue, being the fourth-largest segment.
Moreover, reductions in Mac shipments don't necessarily mean a massive drop in revenue. The company charges a premium for its brand and quality products, making it more protected against market challenges than its peers. In January 2023, Apple launched the 14-inch and 16-inch MacBook Pro models, which are larger, more powerful, and more expensive than their 2022 predecessor. The same month also saw the tech giant release beefier versions of its desktop line of Mac Minis, which now includes a $1,299 version, when the most expensive base model was previously $899.
Apple's Mac segment is an essential part of its business model. However, with solid growth still coming from its larger segments, such as digital services, it's worth buying a dip in its stock price, as PC market declines won't last forever.
A sell-off creates opportunity
Apple is home to a potent brand that has led it to gain leading market shares in smartphones, tablets, smartwatches, and headphones. The company's success has allowed it to enjoy stock growth of 278% over the last five years and achieve the largest market cap in the world.
Consequently, a short-term dip in its stock is the time to buy. Investing mogul Warren Buffett had a similar view in 2022, with his holding company Berkshire Hathaway increasing its stake in Apple by 4% in Q1 and Q2 2022 amid a drop in its stock price. The iPhone company is by far Berkshire's biggest holding, with its immense brand loyalty and popular products making it a consistently growing investment.
Apple shares are currently down 5% for the year, but that figure could grow over the next few days as news about the company's decline in Mac shipments continues to spread. If that's the case, the company's stock will be a screaming buy. However, even if it doesn't see a substantial dip, Apple remains a stock you can buy and hold indefinitely as it gradually grows.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of March 8, 2023
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Berkshire Hathaway, and HP. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel 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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A stock market sell-off in 2022 caused Apple's (NASDAQ: AAPL) stock to fall 27% throughout the year. However, with solid growth still coming from its larger segments, such as digital services, it's worth buying a dip in its stock price, as PC market declines won't last forever. A sell-off creates opportunity Apple is home to a potent brand that has led it to gain leading market shares in smartphones, tablets, smartwatches, and headphones.
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A stock market sell-off in 2022 caused Apple's (NASDAQ: AAPL) stock to fall 27% throughout the year. However, recent reports that the company's personal computing sales are falling could prompt a short-term dip, and make it an excellent time to buy. What's more, while Apple's rivals Lenovo, HP Inc., Dell, and ASUS experienced PC shipments declines between 24.2% and 30.3%, the iPhone company's shipments decreased over 40%.
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A stock market sell-off in 2022 caused Apple's (NASDAQ: AAPL) stock to fall 27% throughout the year. PC market declines haven't let up, but that's not a reason to avoid Apple The PC market experienced steep declines in 2022, hurting companies across the industry. Investing mogul Warren Buffett had a similar view in 2022, with his holding company Berkshire Hathaway increasing its stake in Apple by 4% in Q1 and Q2 2022 amid a drop in its stock price.
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A stock market sell-off in 2022 caused Apple's (NASDAQ: AAPL) stock to fall 27% throughout the year. The report led Apple shares to begin trending down, falling around 2% in the first few hours of the market's opening on April 10. That's right -- they think these 10 stocks are even better buys.
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16376.0
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2023-04-12 00:00:00 UTC
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3 Web 3.0 Cryptos to Buy Right Now
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AAPL
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https://www.nasdaq.com/articles/3-web-3.0-cryptos-to-buy-right-now
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Analysts predict the global Web 3.0 market will reach $81 billion by 2030, growing by 41%. This technological revolution is expected to solve many of the problems that internet users currently face. Crypto projects occupy the leading share of Web 3.0. Without them, it is impossible to imagine the development of the technological side of the industry — data storage on the blockchain, decentralized finance, and non-fungible tokens. Web 3.0 will change the internet and contribute to the ever-greater digitalization and decentralization of the economy.
Cryptocurrency markets are actively developing, and most likely, Web 3.0 assets will show the largest growth in 2023. Currently, metaverse project tokens and Web 3.0 cryptos are in demand as they accelerate the development of the virtual economy.
The cryptocurrency market capitalization has decreased from $3 trillion to $1 trillion in two years. The high growth potential of the crypto market in general, and the relatively young age of the industry in particular, makes it possible to invest in projects at the very beginning of the ecosystem development, which means at a favorable price for a token. Take, for example, the stocks of large companies such as Microsoft (NASDAQ:MSFT) (Web 1.0) or Apple (NASDAQ:AAPL) (Web 2.0) in their infancy.
Web 3.0 is one of the most promising areas of the crypto market in 2023. For investors who want to support Web 3.0, these cryptos and NFT tokens can be a good choice for a long-term investment.
Symbol Cryptocurrency Price
SOL-USD Solana $22.54
LINK-USD Chainlink $7.2
OCEAN-USD Ocean Protocol $0.37
Web 3.0 Cryptos: Solana (SOL)
Source: Shutterstock
On April 13, Solana (SOL-USD) is launching the Saga phone. This Android device priced at $1,000 has been specifically designed to cater to the needs of Web 3.0 and crypto enthusiasts. Dubbed “Web3 in your pocket,” the Saga phone aims to make crypto payments and NFT trading faster, easier, and more secure. According to Solana, the device will allow users to trade tokens while waiting for coffee or mint NFTs during their morning commute.
Looking back from a future perspective, the new phone appears to have achieved two significant strategic objectives for Solana. Firstly, it has brought together Solana’s Web 3.0-focused initiatives, such as Solana Mobile and Solana Pay. The move made it easier to make in-store payments using a crypto-friendly Android device. The Solana team highlighted this competitive advantage in their update released to the ecosystem members in January 2023.
The Saga phone represents a significant milestone in driving accelerated mainstream adoption of digital assets, providing a tangible product for an everyday crypto user. The complexity of crypto for everyday users and the growing demand for better security make the device’s new feature allowing traders to use their mobile phone as a secure blockchain wallet, a potentially lucrative addition to Solana’s offerings in the crypto hardware market. With no other major blockchain combining software and hardware innovatively, Solana’s Saga phone stands out as a groundbreaking product. Furthermore, given that SOL is trading at ten times below its ATH value, investing in this representative of Web 3.0, cryptos could be an attractive option for those seeking a long-term investment.
Chainlink (LINK)
Source: Stanslavs / Shutterstock.com
Chainlink (LINK-USD) holds 19th place in the cryptocurrency rating with a capitalization of $3.73 billion. 47% of the circulating volume is already in the market. In a nutshell, this is a blockchain network of oracles that provides the data capacity necessary for smart contracts running on various blockchains. The main direction is to increase the efficiency of smart contracts using dynamic exits, which is essential for Web 3.0 development. Oracles are objects that connect real–world data with decentralized systems.
Additionally, the Link token holds a strong position in the Grayscale venture fund’s portfolio. The current asset’s value looks attractive. The nearest investment targets from the current price levels could be considered in the range of $20-30 per coin.
Ocean Protocol (OCEAN)
Source: shutterstock.com/WindAwake
The project develops the tools developers need to build Web 3.0 applications. Among the main advantages of Ocean Protocol (OCEAN-USD), it is worth noting increased security, privacy, transparency, and scalability. This makes this Web 3.0 crypto particularly interesting in the next 1-2 years.
The protocol decentralizes data access and exchange, which gives better accessibility and transparency during the data transfer. The ecosystem is constantly growing and improving. Simply put, this solution will require Web 3.0 data transfer and storage.
Moreover, Ocean Protocol’s creators made an intelligent approach to the issue of the distribution of tokens, which helps to stimulate asset value’s long-term stability and growth, An additional growth trigger for OCEAN is its developers’ use of AI to create a data-sharing system that allows developers to create immersive apps for communities.
In January, Ocean Protocol released a major update called Ocean ONDA V4 aimed at improving the system’s security and return on investment potential and integrating data NFTs. This increased the project’s popularity and the price of OCEAN by 123.22% over the month. The asset is currently trading at $0.3-0.4. The maximum supply of tokens is 1.410 billion, and 613 million coins are in total circulation.
On the date of publication, Julia Magas 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.
Julia Magas is a writer who covers the latest trends in finance and technology. Her work is published in a number of financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire, and Beincrypto. She primarily covers cryptocurrency and blockchain technology with a focus on market performance, innovations and trends.
The post 3 Web 3.0 Cryptos to Buy Right Now 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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Take, for example, the stocks of large companies such as Microsoft (NASDAQ:MSFT) (Web 1.0) or Apple (NASDAQ:AAPL) (Web 2.0) in their infancy. The high growth potential of the crypto market in general, and the relatively young age of the industry in particular, makes it possible to invest in projects at the very beginning of the ecosystem development, which means at a favorable price for a token. Dubbed “Web3 in your pocket,” the Saga phone aims to make crypto payments and NFT trading faster, easier, and more secure.
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Take, for example, the stocks of large companies such as Microsoft (NASDAQ:MSFT) (Web 1.0) or Apple (NASDAQ:AAPL) (Web 2.0) in their infancy. Symbol Cryptocurrency Price SOL-USD Solana $22.54 LINK-USD Chainlink $7.2 OCEAN-USD Ocean Protocol $0.37 Web 3.0 Cryptos: Solana (SOL) Source: Shutterstock On April 13, Solana (SOL-USD) is launching the Saga phone. Dubbed “Web3 in your pocket,” the Saga phone aims to make crypto payments and NFT trading faster, easier, and more secure.
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Take, for example, the stocks of large companies such as Microsoft (NASDAQ:MSFT) (Web 1.0) or Apple (NASDAQ:AAPL) (Web 2.0) in their infancy. The high growth potential of the crypto market in general, and the relatively young age of the industry in particular, makes it possible to invest in projects at the very beginning of the ecosystem development, which means at a favorable price for a token. Symbol Cryptocurrency Price SOL-USD Solana $22.54 LINK-USD Chainlink $7.2 OCEAN-USD Ocean Protocol $0.37 Web 3.0 Cryptos: Solana (SOL) Source: Shutterstock On April 13, Solana (SOL-USD) is launching the Saga phone.
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Take, for example, the stocks of large companies such as Microsoft (NASDAQ:MSFT) (Web 1.0) or Apple (NASDAQ:AAPL) (Web 2.0) in their infancy. Dubbed “Web3 in your pocket,” the Saga phone aims to make crypto payments and NFT trading faster, easier, and more secure. Ocean Protocol (OCEAN) Source: shutterstock.com/WindAwake The project develops the tools developers need to build Web 3.0 applications.
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16377.0
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2023-04-12 00:00:00 UTC
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Global PC Shipments Drop In Q1, Apple Lost More: IDC
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AAPL
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https://www.nasdaq.com/articles/global-pc-shipments-drop-in-q1-apple-lost-more%3A-idc
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nan
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(RTTNews) - Worldwide shipments of personal computers or PCs declined 29 percent in the first quarter, hit hard by weak demand, excess inventory, and a worsening macroeconomic climate, according to research firm IDC. Apple was the biggest looser, with its Mac shipments showing around 40.5 percent drop from the same period last year.
Among the world's largest computer makers, Lenovo, HP, Dell, and ASUS also recorded double-digit drop in first-quarter shipments of traditional PCs, including Desktops, Notebooks, and Workstations.
Going ahead, PC shipments are expected to suffer in the near term with a return to growth towards the end of the year amid an expected improvement in the global economy and as the installed base begins to think about upgrading to Windows 11, the report says.
Linn Huang, research vice president, Devices and Displays at IDC, said, "By 2024, an aging installed base will start coming up for refresh. If the economy is trending upwards by then, we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11. If recession in key markets drags on into next year, recovery could be a slog."
IDC Worldwide Quarterly Personal Computing Device Tracker showed that worldwide PC shipments, including shipments to distribution channels or end users, totaled 56.9 million units in the first quarter, down from last year's 80.2 million units.
The preliminary results represented a coda to the era of COVID-driven demand and at least a temporary return to pre-COVID patterns.
The first-quarter shipment volume was also noticeably lower than the 59.2 million units shipped in the first quarter of pre-pandemic fiscal 2019, and 60.6 million in the first quarter of fiscal 2018.
In the first quarter of fiscal 2023, Lenovo shipped 12.7 million units, down 30.3 percent from last year's 18.3 million units. The Chinese PC maker's market share also edged down to 22.4 percent from 22.8 percent a year ago.
HP Inc. was in the second spot with 12 million units of PC shipments, down 24.2 percent year-over-year. HP's market share was 21.1 percent, higher than prior year's 19.7 percent.
In the third spot was Dell Technologies, with PC shipments of 9.5 million units, down 31 percent from the prior year. The company's market share also fell to 16.7 percent from 17.1 percent in the previous year.
With PC shipments of 4.1 million units, Apple was in the fourth spot, compared to prior year's 6.9 million units. Apple's market share also declined to 7.2 percent from 8.6 percent a year ago.
ASUS shipped 3.9 million units, down 30.3 percent, and its market share edged down to 6.8 percent from 6.9 percent last year.
Amid the pause in growth and demand, many factories are beginning to explore production options outside China. Meanwhile, PC makers are also rejigging their plans for the remainder of the year. IDC noted that the companies have begun to pull in orders for Chromebooks due to an expected increase in licensing costs later this year.
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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(RTTNews) - Worldwide shipments of personal computers or PCs declined 29 percent in the first quarter, hit hard by weak demand, excess inventory, and a worsening macroeconomic climate, according to research firm IDC. Among the world's largest computer makers, Lenovo, HP, Dell, and ASUS also recorded double-digit drop in first-quarter shipments of traditional PCs, including Desktops, Notebooks, and Workstations. If the economy is trending upwards by then, we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11.
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Among the world's largest computer makers, Lenovo, HP, Dell, and ASUS also recorded double-digit drop in first-quarter shipments of traditional PCs, including Desktops, Notebooks, and Workstations. IDC Worldwide Quarterly Personal Computing Device Tracker showed that worldwide PC shipments, including shipments to distribution channels or end users, totaled 56.9 million units in the first quarter, down from last year's 80.2 million units. In the first quarter of fiscal 2023, Lenovo shipped 12.7 million units, down 30.3 percent from last year's 18.3 million units.
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IDC Worldwide Quarterly Personal Computing Device Tracker showed that worldwide PC shipments, including shipments to distribution channels or end users, totaled 56.9 million units in the first quarter, down from last year's 80.2 million units. In the first quarter of fiscal 2023, Lenovo shipped 12.7 million units, down 30.3 percent from last year's 18.3 million units. ASUS shipped 3.9 million units, down 30.3 percent, and its market share edged down to 6.8 percent from 6.9 percent last year.
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Going ahead, PC shipments are expected to suffer in the near term with a return to growth towards the end of the year amid an expected improvement in the global economy and as the installed base begins to think about upgrading to Windows 11, the report says. In the third spot was Dell Technologies, with PC shipments of 9.5 million units, down 31 percent from the prior year. Apple's market share also declined to 7.2 percent from 8.6 percent a year ago.
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16378.0
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2023-04-12 00:00:00 UTC
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A Bull Market Is Coming: 2 Reasons to Buy Apple's Stock
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AAPL
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https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-2-reasons-to-buy-apples-stock
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nan
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nan
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The market's prolonged downturn may have you feeling anxious. After all, the S&P 500 has fallen by more than 8% since the start of 2022. But the news isn't all bad. This year, the index has increased by about 7%.
While no one can predict the future with certainty, the market's rise could prove an encouraging sign. And you'll want to put yourself in a good position to profit from the next bull market. Apple (NASDAQ: AAPL) has become a compelling opportunity for a couple of very good reasons.
Image source: Getty Images.
Popular products
Apple's products continue to resonate with consumers. Some of the most popular include the iPhone, Mac, and Apple Watch. Apple also offers popular services such as the App Store and Apple Pay.
The iPhone, which accounts for over half of Apple's sales, keeps gaining popularity. Last year, its market share grew to over 50% of U.S. smartphones in use, overtaking Android phones.
In the first fiscal quarter, which ended on Dec. 31, 2022, iPhone sales fell by 8% to $65.8 billion. But I'm not concerned with the drop, given that Apple continues to win over consumers. Management claimed last year's results were boosted by the new model release. Since Apple puts out new versions periodically, higher sales will occur during these times.
Its ever-growing service business continues to gain traction. Sales were up by 6% to $20.8 billion during the quarter. This business fluctuates less than products and has a higher margin. For instance, services' first-quarter 70.8% gross margin was nearly double products' 37%.
Sharing the wealth
Apple has also generously returned cash to shareholders via dividends and share repurchases. Last year's free cash flow was $111.4 billion. This covered the period that ended on Sept. 24, 2022. The company paid most of this, $104.2 billion, to shareholders via dividends.
Repurchase activity was the bulk, representing about 85% of last year's cash return to shareholders. And it's been a good use of capital, with management paying an average price of about $159, below the current stock price.
Apple's board of directors has raised dividends annually for more than a decade.
Admittedly, Apple stock, with a price-to-earnings (P/E) ratio of 28, isn't as cheap as it was earlier this year when the multiple was in the low 20s. But that's no reason to fret. After all, that's much lower than the valuation at the end of 2021, when the P/E was over 40.
The company's stock price will likely propel ahead during the next bull market, even if the stock's not ultra-cheap. That's because its strong brands garnering customer loyalty creates a good recipe for success. No wonder Berkshire Hathaway has built such a large stake.
Remember: Just copying anyone's investments, even the wildly successful Warren Buffett's, isn't wise. However, in this case, Apple's business prospects and capital return program create a compelling opportunity for investors.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 8, 2023
Lawrence Rothman, CFA 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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Apple (NASDAQ: AAPL) has become a compelling opportunity for a couple of very good reasons. Admittedly, Apple stock, with a price-to-earnings (P/E) ratio of 28, isn't as cheap as it was earlier this year when the multiple was in the low 20s. However, in this case, Apple's business prospects and capital return program create a compelling opportunity for investors.
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Apple (NASDAQ: AAPL) has become a compelling opportunity for a couple of very good reasons. Popular products Apple's products continue to resonate with consumers. Sharing the wealth Apple has also generously returned cash to shareholders via dividends and share repurchases.
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Apple (NASDAQ: AAPL) has become a compelling opportunity for a couple of very good reasons. Apple also offers popular services such as the App Store and Apple Pay. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen.
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Apple (NASDAQ: AAPL) has become a compelling opportunity for a couple of very good reasons. In the first fiscal quarter, which ended on Dec. 31, 2022, iPhone sales fell by 8% to $65.8 billion. Last year's free cash flow was $111.4 billion.
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16379.0
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2023-04-12 00:00:00 UTC
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Investing in Tech Stocks? 1 New Data Point Suggests You Tread Lightly
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AAPL
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https://www.nasdaq.com/articles/investing-in-tech-stocks-1-new-data-point-suggests-you-tread-lightly
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nan
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nan
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Over the long run, Wall Street has shown time and again that it's a wealth-building machine. Even though stock market corrections are commonplace, the broad-market indexes tend to rise over long stretches.
Among the 11 sectors of the market, none has captivated investors' attention more than tech stocks. Since the end of the Great Recession (2007-2009), the tech sector has enjoyed nearly uninterrupted access to historically cheap capital. More than a decade of favorable monetary policy from the Federal Reserve allowed tech stocks to cheaply borrow in order to hire, acquire, and support innovation.
Image source: Getty Images.
Tech stocks were also Wall Street's darlings during the recently ended first quarter. With virtually all mega-cap tech stocks rising by a double-digit percentage to start the year, the benchmark S&P 500 (SNPINDEX: ^GSPC) and technology-driven Nasdaq Composite benefited notably.
Unfortunately for tech investors, one new data point is sounding a warning on Wall Street.
Tech stock valuations are getting pricey
Less than two weeks ago, Cameron Dawson, the chief investment officer at NewEdge Wealth, offered some thoughts on the tech sector via Twitter. Dawson's thread labeled tech stocks as being largely responsible for the gains the major indexes have enjoyed in 2023.
However, Dawson also pointed to something tech investors may be ignoring or not giving enough attention: premium valuations in the sector.
Tech's PE has now jumped so much that it now trades at a 38% premium to the S&P. This is even higher than at the pandemic bubble peak in late 2021!
Wild to think that pre-Powell pivot in 2019, tech traded at just a 4% premium to the market. pic.twitter.com/37qLb3zWXl
-- Cameron Dawson (@CameronDawson) April 1, 2023
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Since the end of the Great Recession (2007-2009), the tech sector has enjoyed nearly uninterrupted access to historically cheap capital. More than a decade of favorable monetary policy from the Federal Reserve allowed tech stocks to cheaply borrow in order to hire, acquire, and support innovation. With virtually all mega-cap tech stocks rising by a double-digit percentage to start the year, the benchmark S&P 500 (SNPINDEX: ^GSPC) and technology-driven Nasdaq Composite benefited notably.
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Among the 11 sectors of the market, none has captivated investors' attention more than tech stocks. With virtually all mega-cap tech stocks rising by a double-digit percentage to start the year, the benchmark S&P 500 (SNPINDEX: ^GSPC) and technology-driven Nasdaq Composite benefited notably. Tech stock valuations are getting pricey Less than two weeks ago, Cameron Dawson, the chief investment officer at NewEdge Wealth, offered some thoughts on the tech sector via Twitter.
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Among the 11 sectors of the market, none has captivated investors' attention more than tech stocks. Tech stock valuations are getting pricey Less than two weeks ago, Cameron Dawson, the chief investment officer at NewEdge Wealth, offered some thoughts on the tech sector via Twitter. However, Dawson also pointed to something tech investors may be ignoring or not giving enough attention: premium valuations in the sector.
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Among the 11 sectors of the market, none has captivated investors' attention more than tech stocks. Tech stocks were also Wall Street's darlings during the recently ended first quarter. However, Dawson also pointed to something tech investors may be ignoring or not giving enough attention: premium valuations in the sector.
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16380.0
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2023-04-12 00:00:00 UTC
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Should SPDR S&P 500 ETF (SPY) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-spdr-sp-500-etf-spy-be-on-your-investing-radar-7
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nan
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Launched on 01/29/1993, the SPDR S&P 500 ETF (SPY) 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 State Street Global Advisors. It has amassed assets over $371.48 billion, making it the largest ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Blend ETFs 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
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 0.09%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.58%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 25.80% of the portfolio. Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN).
The top 10 holdings account for about 25.06% of total assets under management.
Performance and Risk
SPY seeks to match the performance of the S&P 500 Index before fees and expenses. The S&P 500 Index is composed of five hundred selected stocks, all of which are listed on national stock exchanges and span over 25 separate industry groups.
The ETF has added about 7.53% so far this year and is down about -5.40% in the last one year (as of 04/12/2023). In the past 52-week period, it has traded between $356.56 and $445.04.
The ETF has a beta of 1 and standard deviation of 19.30% for the trailing three-year period, making it a medium risk choice in the space. With about 504 holdings, it effectively diversifies company-specific risk.
Alternatives
SPDR S&P 500 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, SPY 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 Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) track the same index. While Vanguard S&P 500 ETF has $286.08 billion in assets, iShares Core S&P 500 ETF has $305.79 billion. VOO has an expense ratio of 0.03% and IVV charges 0.03%.
Bottom-Line
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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SPDR S&P 500 ETF (SPY): 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
Vanguard S&P 500 ETF (VOO): 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 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report SPDR S&P 500 ETF (SPY): 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 Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Launched on 01/29/1993, the SPDR S&P 500 ETF (SPY) 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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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report SPDR S&P 500 ETF (SPY): 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 Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. It has amassed assets over $371.48 billion, making it the largest ETFs attempting to match the Large Cap Blend segment of the US equity market.
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Click to get this free report SPDR S&P 500 ETF (SPY): 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 Vanguard S&P 500 ETF (VOO): 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 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). 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.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report SPDR S&P 500 ETF (SPY): 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 Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.
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16381.0
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2023-04-12 00:00:00 UTC
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Should Vanguard Large-Cap ETF (VV) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-vanguard-large-cap-etf-vv-be-on-your-investing-radar-0
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nan
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nan
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The Vanguard Large-Cap ETF (VV) was launched on 01/27/2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
The fund is sponsored by Vanguard. It has amassed assets over $25.92 billion, making it one of the largest ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Blend ETFs 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
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 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.58%.
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 26% of the portfolio. Healthcare and Financials round out the top three.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.46% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN).
The top 10 holdings account for about 11.9% of total assets under management.
Performance and Risk
VV seeks to match the performance of the CRSP US Large Cap Index before fees and expenses. The CRSP US Large Cap Index includes U.S. companies that comprise the top 85% of investable market capitalization and are traded on NYSE, NYSE Market, NASDAQ or ARCA.
The ETF has added roughly 7.67% so far this year and is down about -6.24% in the last one year (as of 04/12/2023). In the past 52-week period, it has traded between $162.98 and $204.77.
The ETF has a beta of 1.01 and standard deviation of 19.62% for the trailing three-year period, making it a medium risk choice in the space. With about 568 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Large-Cap 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, VV is a good option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF (SPY) track a similar index. While iShares Core S&P 500 ETF has $305.79 billion in assets, SPDR S&P 500 ETF has $371.48 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vanguard Large-Cap ETF (VV): 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 6.46% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard Large-Cap ETF (VV): 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. The Vanguard Large-Cap ETF (VV) was launched on 01/27/2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
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Click to get this free report Vanguard Large-Cap ETF (VV): 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 6.46% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Performance and Risk VV seeks to match the performance of the CRSP US Large Cap Index before fees and expenses.
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Click to get this free report Vanguard Large-Cap ETF (VV): 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 6.46% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Alternatives Vanguard Large-Cap 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 6.46% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard Large-Cap ETF (VV): 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. The Vanguard Large-Cap ETF (VV) was launched on 01/27/2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
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16382.0
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2023-04-11 00:00:00 UTC
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Apple To Open First Store In India Next Week
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AAPL
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https://www.nasdaq.com/articles/apple-to-open-first-store-in-india-next-week
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nan
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nan
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(RTTNews) - Apple Inc. is opening its first store in India, which is being considered as the new manufacturing base for the tech major, as well as its new growth market. The gadgets major has high hopes for the second most populous country in the world, with wider markets.
The iPhone maker announced its plans to open two new retail locations in India offering the latest Apple products, including the new iPhone 14. Apple BKC in India's financial capital Mumbai will be opened on April 18, and Apple Saket in Delhi, the country's political capital, on April 20.
Apple Chief Executive Officer Tim Cook is scheduled to be present during the store openings, Bloomberg reported.
These new retail locations in India will offer great new ways to browse, discover, and buy Apple products with exceptional service and experiences for customers.
The barricade for Apple Saket features a unique design that takes inspiration from Delhi's many gates, each signifying a new chapter to the city's storied past. The colorful artwork celebrates Apple's second store in India.
Beginning April 20, customers will be able to stop by to explore Apple's latest product lineup, find creative inspiration, and get personalized service and support from the store's team of Specialists, Creatives, and Geniuses.
In celebration of the first Apple Store opening in India, Apple BKC announced a special Today at Apple series, "Mumbai Rising", running between April 18 and May 25. These sessions will offer hands-on activities with Apple's products and services that celebrate the local community and culture in Mumbai.
Ahead of opening day, customers are invited to download custom Apple BKC and Apple Saket wallpapers, and specially curated playlists on Apple Music to move to the sounds of Mumbai and Delhi.
Apple, which assembles most of its iPhones in China, last year announced plans to shift some production of its flagship smartphone iPhone 14 from China to India amid continuing tensions between the US and China, along with the then prevailed COVID-19 issues.
Foxconn, Apple's key iPhone assembler, already manufactures iPhones at its Sriperumbudur factory on the outskirts of Chennai, India.
In March, Bloomberg reported that Foxconn plans to invest $700 million to set up a new iPhone plant in India's Karnataka state, which would create 100,000 jobs. Foxconn will build a new 300-acre facility in Bengaluru as part of its ongoing effort to pivot away from China.
In late March, Apple announced its plan to open its fifth retail store in South Korea. Apple opened its first store in South Korea in 2018.
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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These new retail locations in India will offer great new ways to browse, discover, and buy Apple products with exceptional service and experiences for customers. The barricade for Apple Saket features a unique design that takes inspiration from Delhi's many gates, each signifying a new chapter to the city's storied past. In March, Bloomberg reported that Foxconn plans to invest $700 million to set up a new iPhone plant in India's Karnataka state, which would create 100,000 jobs.
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The iPhone maker announced its plans to open two new retail locations in India offering the latest Apple products, including the new iPhone 14. Apple BKC in India's financial capital Mumbai will be opened on April 18, and Apple Saket in Delhi, the country's political capital, on April 20. In celebration of the first Apple Store opening in India, Apple BKC announced a special Today at Apple series, "Mumbai Rising", running between April 18 and May 25.
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Apple BKC in India's financial capital Mumbai will be opened on April 18, and Apple Saket in Delhi, the country's political capital, on April 20. In celebration of the first Apple Store opening in India, Apple BKC announced a special Today at Apple series, "Mumbai Rising", running between April 18 and May 25. Ahead of opening day, customers are invited to download custom Apple BKC and Apple Saket wallpapers, and specially curated playlists on Apple Music to move to the sounds of Mumbai and Delhi.
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The iPhone maker announced its plans to open two new retail locations in India offering the latest Apple products, including the new iPhone 14. In celebration of the first Apple Store opening in India, Apple BKC announced a special Today at Apple series, "Mumbai Rising", running between April 18 and May 25. In March, Bloomberg reported that Foxconn plans to invest $700 million to set up a new iPhone plant in India's Karnataka state, which would create 100,000 jobs.
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16383.0
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2023-04-11 00:00:00 UTC
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Time to Buy These 3 Next Gen Big Tech Companies?
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AAPL
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https://www.nasdaq.com/articles/time-to-buy-these-3-next-gen-big-tech-companies
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nan
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nan
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Many of the biggest and most profitable companies today are the technology giants such as Alphabet GOOGL, Apple AAPL, and Meta Platforms META. Their valuations have exploded higher over the last decade, but are becoming more mature, slower growth stocks. That’s great for investors who want steady returns, but if you want high-performance you must look elsewhere.
Today there are several up-and-coming technology companies that have the potential to grow into giants. These three tech companies have identified areas of underused inventory and turned it into productive assets. Furthermore, they have high Zacks Ranks, improving the odds of near-term strong stock price performance.
While there may not be another Apple, or Alphabet, these stocks each have the potential to own near monopolies in their markets. Nothing is a guarantee though, and two of them still must clear the hurdle of profitability.
Airbnb
Airbnb ABNB is a leading platform for unique stays and experiences. The company provides a marketplace for connecting hosts and guests online or through mobile devices and computers to book spaces and experiences. Airbnb has dramatically changed the way people travel and how they stay by utilizing underused spaces and turning them into cash generating assets.
Like much of the technology universe, Airbnb had a brutal 2022 and corrected- 80% from its highs. This year has been the complete opposite. ABNB stock had a strong Q1 and is outperforming both the market and its industry.
Image Source: Zacks Investment Research
Airbnb currently boasts a Zacks Rank #2 (Buy), indicating upward trending earnings revisions. Sales and earnings estimates over the next few quarters are robust. Q1 sales are projected to grow 19% YoY to $1.8 billion, while earnings are expected to climb 566%, going from -$0.03 per share a year ago to $0.14 per share today.
Even with those optimistic estimates, analysts are still upgrading expectations. Q2 and FY23 earnings have been unanimously revised higher, by 16% and 18% respectively.
Image Source: Zacks Investment Research
ABNB is trading at a one-year forward earnings multiple of 33x, which is above the industry average 23x, and below its two-year median of 41x.
Image Source: Zacks Investment Research
Airbnb is benefiting from strong travel industry demand. Continued strength in Nights & Experiences Booked across all regions, especially in the Asia-pacific region, remains a tailwind. Moreover, increasing gross nights booked in high-density urban areas is a major positive.
Uber Technologies
Uber Technologies UBER is a technology and consumer software company. Uber’s applications connect independent drivers with individuals needing taxi services, as well as couriers with restaurants, groceries, and other stores with delivery service for consumers. Uber was the one of the first companies to introduce the idea of gig work, and brilliantly thought of the idea to use the excess supply of cars for productive use.
Uber is a Zacks Rank #2 (Buy) stock, indicating upward trending earnings revisions. Sales projections for the next few earnings periods are very positive. Current quarter sales are expected to grow 27% YoY to $8.7 billion. Additionally, next year’s earnings estimates are expected to show a profit, which if UBER can maintain, would mark a huge shift for the company.
UBER surprised investors last quarter by posting adjusted earnings of $0.29 per share to blow away projections that call for a -$0.21 loss. This move towards consistent profitability is critical to UBER’s future and would truly cement its position as a future tech giant.
Uber is currently trading at a one-year forward sales multiple of 1.7x, which is below the broad market average of 3.6x, and below its four-year median of 4x. With a P/S multiple below the market average, UBER is about as cheap as it has been since its IPO. Again, I think it’s important to reiterate how important it is for Uber to get to net profits for its long-term success.
Image Source: Zacks Investment Research
Uber’s stock performance has been underwhelming. Since its IPO it is still underwater -25%. But for investors who think Uber can become a de facto transportation company, they have no problem with that.
Image Source: Zacks Investment Research
The real return potential for Uber comes from the potential of self-driving cars. If the technology can evolve the way investors hope, Uber could be able to own a major portion of the broader transportation market. If that is the case, Uber can grow into a truly mammoth business. It is still a big ask though. While it constantly feels like we are on the cusp of self-driving cars, it was expected to be here by now.
DoorDash
DoorDash DASH operates a logistics platform that connects merchants, consumers, and dashers (couriers) in the US and internationally. Like Uber, DoorDash found a purpose for unused vehicles, and created an opportunity for accessible gig workers to utilize additional free time.
DoorDash has strong prospects over the next few quarters. Sales growth is expected to be ~20% over the next few quarters and earnings are being revised higher. Because of this DASH currently has a Zacks Rank #2 (Buy), indicating strong near-term expectations for the stock.
Image Source: Zacks Investment Research
Like Uber, DoorDash still struggles with net losses. The explosion of popularity in food delivery since the Covid-19 pandemic keeps DASH in an advantageous position pushing sales higher, but that path to profitability is critical.
That reality hit extremely hard last year, and the stock still shows a loss since its IPO. Inflation, and its effect on the cost of labor has been a major obstacle for DASH getting to net profitability. Fortunately, the economic data is improving, and disinflation is slowly taking place.
Image Source: Zacks Investment Research
DASH is trading at a one-year forwards sales multiple of 3x, which is below the industry average of 4.5x, and considerably below its three-year median of 6.3x. This much lower valuation is a positive development for investors today.
Image Source: Zacks Investment Research
Some bearish catalysts have really hammered DASH’s stock price and valuation lower, but this could be an opportunity. DASH is one of the most popular delivery apps out there, and through strategic international acquisitions, DASH can come out as the top food delivery service. Which means investors today may be able to purchase a future tech giant at a discounted price.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
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
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
DoorDash, Inc. (DASH) : Free Stock Analysis Report
Airbnb, Inc. (ABNB) : 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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Many of the biggest and most profitable companies today are the technology giants such as Alphabet GOOGL, Apple AAPL, and Meta Platforms META. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report DoorDash, Inc. (DASH) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research ABNB is trading at a one-year forward earnings multiple of 33x, which is above the industry average 23x, and below its two-year median of 41x.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report DoorDash, Inc. (DASH) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Many of the biggest and most profitable companies today are the technology giants such as Alphabet GOOGL, Apple AAPL, and Meta Platforms META. Image Source: Zacks Investment Research Airbnb currently boasts a Zacks Rank #2 (Buy), indicating upward trending earnings revisions.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report DoorDash, Inc. (DASH) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Many of the biggest and most profitable companies today are the technology giants such as Alphabet GOOGL, Apple AAPL, and Meta Platforms META. Uber Technologies Uber Technologies UBER is a technology and consumer software company.
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Many of the biggest and most profitable companies today are the technology giants such as Alphabet GOOGL, Apple AAPL, and Meta Platforms META. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report DoorDash, Inc. (DASH) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Sales growth is expected to be ~20% over the next few quarters and earnings are being revised higher.
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16384.0
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2023-04-11 00:00:00 UTC
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Technology Sector Update for 04/11/2023: GOOGL, GOOG, AAPL, MSFT, INTC
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AAPL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-11-2023%3A-googl-goog-aapl-msft-intc
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nan
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nan
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Tech stocks were lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1% and the Philadelphia Semiconductor index down 0.6%.
In company news, Alphabet's (GOOG) Google TV is offering over 800 free TV channels across multiple providers starting Tuesday. Alphabet shares were down 0.8%.
Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. The tech giant's shares were down 0.8%.
Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games. Microsoft shares were down 2.2%.
Intel (INTC) said it launched Intel Connectivity Analytics, a program designed to help wireless solution providers generate networking and system insights that can enhance their own applications and services. The chipmaker's shares fell 0.5%.
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) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Tech stocks were lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1% and the Philadelphia Semiconductor index down 0.6%. Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games.
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Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Alphabet shares were down 0.8%. Microsoft shares were down 2.2%.
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Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. In company news, Alphabet's (GOOG) Google TV is offering over 800 free TV channels across multiple providers starting Tuesday. Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games.
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Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Alphabet shares were down 0.8%. The tech giant's shares were down 0.8%.
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16385.0
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2023-04-11 00:00:00 UTC
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Apple to invest another $200 million in carbon removal fund
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AAPL
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https://www.nasdaq.com/articles/apple-to-invest-another-%24200-million-in-carbon-removal-fund
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nan
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nan
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April 11 (Reuters) - Apple Inc AAPL.O said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere.
The iPhone-maker said it will invest up to an additional $200 mln in its Restore Fund, which was created in 2021 with an initial $200 million commitment.
The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said.
Apple is making efforts to become carbon neutral through its entire supply chain and the life cycle of every product by 2030.
The fund, launched with Goldman Sachs Group Inc GS.N and nonprofit Conservation International, has invested in forest properties in Brazil and Paraguay in the last two years.
The expanded fund will be managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination, Apple added.
"The Restore Fund is an innovative investment approach that generates real, measurable benefits for the planet, while aiming to generate a financial return," said Lisa Jackson, Apple's vice president of Environment, Policy, and Social Initiatives.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Shweta Agarwal)
((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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April 11 (Reuters) - Apple Inc AAPL.O said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said. The fund, launched with Goldman Sachs Group Inc GS.N and nonprofit Conservation International, has invested in forest properties in Brazil and Paraguay in the last two years.
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April 11 (Reuters) - Apple Inc AAPL.O said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The iPhone-maker said it will invest up to an additional $200 mln in its Restore Fund, which was created in 2021 with an initial $200 million commitment. The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said.
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April 11 (Reuters) - Apple Inc AAPL.O said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said. "The Restore Fund is an innovative investment approach that generates real, measurable benefits for the planet, while aiming to generate a financial return," said Lisa Jackson, Apple's vice president of Environment, Policy, and Social Initiatives.
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April 11 (Reuters) - Apple Inc AAPL.O said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said. Apple is making efforts to become carbon neutral through its entire supply chain and the life cycle of every product by 2030.
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16386.0
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2023-04-11 00:00:00 UTC
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Technology Sector Update for 04/11/2023: AAPL, MSFT, INTC
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AAPL
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https://www.nasdaq.com/articles/technology-sector-update-for-04-11-2023%3A-aapl-msft-intc
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nan
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nan
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Tech stocks were lower this afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the Philadelphia Semiconductor index down 0.2%.
In company news, Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. The tech giant's shares were down 0.3%.
Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games. Microsoft shares were down 2.1%.
Intel (INTC) said it launched Intel Connectivity Analytics, a program designed to help wireless solution providers generate networking and system insights that can enhance their own applications and services. The chipmaker's shares fell 0.1%.
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 company news, Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Tech stocks were lower this afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the Philadelphia Semiconductor index down 0.2%. Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games.
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In company news, Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games. Microsoft shares were down 2.1%.
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In company news, Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. Tech stocks were lower this afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.7% and the Philadelphia Semiconductor index down 0.2%. Microsoft (MSFT) unit Microsoft Gaming's head Phil Spencer said the company signed a 10-year deal with UK mobile network operator EE for PC games.
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In company news, Apple (AAPL) is likely to face an antitrust investigation by the French Competition Authority in connection with complaints over changes it made to its app tracking policies, Axios reported, citing unnamed sources. The tech giant's shares were down 0.3%. Microsoft shares were down 2.1%.
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16387.0
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2023-04-11 00:00:00 UTC
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Pinpoint 200% Gains in Six Months, Even in a Bear Market
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AAPL
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https://www.nasdaq.com/articles/pinpoint-200-gains-in-six-months-even-in-a-bear-market
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Just because we’re in a bear market, doesn’t mean you can’t score huge profits from buying stocks.
You just have to find the right stocks to buy…
Like one AI startup by the name of Symbotic (SYM).
Most investors have never heard of this stock. On the popular finance commentary site Stocktwits, Symbotic stock has less than 700 followers. Amazon (AMZN), by comparison, has nearly 600,000 followers. And Apple (AAPL) has about 900,000 followers.
Yet, this tiny stock – with less than 0.1% the following of Apple – has soared nearly 200% since November.
That means an investment in this stock could’ve tripled your money in just six months, all while the S&P 500 and Dow Jones went basically nowhere.
Again, just because we’re in a bear market doesn’t mean you can’t find winning stocks.
You just have to find the right stocks to buy.
The Breakdown on Symbotic’s Breakout
Symbotic was one of the right stocks to buy in late 2022, while others were crashing to their bear market lows.
The company creates automated warehouse technologies. Specifically, Symbotic has designed a full suite of robotic solutions to entirely automate every process in a warehouse or distribution center. Its system includes robotic arms to deconstruct and reconstruct outbound and inbound parcels, mini autonomous vehicles to shuttle packages across a fulfillment center, robotic sorting belts, and more. And it’s all powered by complex artificial intelligence.
Source: Shutterstock
It is a really cool solution – and a really necessary one for the current world, where costs, especially for labor, are on the rise.
It’s no wonder that the world’s largest and lowest-cost retailer – Walmart (WMT) – signed a huge deal with Symbotic to automate all of its regional distribution centers in the United States.
We’re now seeing those automated warehouses in operation all across America. And this year, in Dallas, Texas, Walmart is slated to open a 1.5-million-square-foot automated fulfillment center powered entirely by Symbotic’s technology.
It may be the first big automated fulfillment center for Walmart that is powered by Symbotic. But it won’t be the last. Indeed, Walmart confirmed in a press release last week that 55% of packages that it processes through its fulfillment centers will move through automated facilities by January 2026.
Why the shift? Walmart believes that by using Symbotic technology to automate fulfillment, it can improve unit cost averages by about 20%.
What better way to beat inflation than by using technology to drive costs down? It is the ultimate inflation killer.
Walmart’s figured it out. So has Wall Street. That’s why Symbotic stock has been soaring. This startup has created ultra-powerful technology that could be the world’s cure to sky-high inflation.
Finding the Best Stocks to Buy Before They Break Out
Amazing – but how could you have identified this breakout before it happened?
Sure, you could’ve analyzed the company’s technology and judged its merits based on a few test rollouts. You could’ve researched the company’s founders and executive team to see if they have the expertise and knowledge to scale a big tech business. You could’ve dug into the company’s filings, read about its partnerships, broken down its financial statement, developed long-term financial models.
And we did all that.
But believe it or not, there is actually a much simpler, much faster way you could’ve spotted this big breakout in Symbotic stock before it happened: by looking for a “golden cross.”
In the world of technical analysis, a golden cross signal is triggered when a stock’s short-term moving average (MA) crosses above its long-term MA. It signals a shift in stock price momentum wherein short-term price momentum is turning increasingly positive relative to the long-term price momentum.
Traders believe golden cross signals are triggered when stocks are in the early innings of a big breakout.
That was certainly the case with SYM.
Symbotic stock flashed a golden cross signal in early February 2023, when its 50-day MA flipped above its 200-day. Over the next two months, Symbotic stock shot higher by nearly 70%, after being flat for the previous six months.
Effectively, the golden cross signaled a big breakout in Symbotic stock.
But it’s certainly not the only – or even most effective – tool for tracking major stock breakouts…
The Final Word on Bear Market Gains
Let’s revisit our first idea: To make money in a bear market, you have to find the right stocks to buy.
There are a lot of techniques and strategies to find those stocks. One is to identify stocks with golden cross triggers.
That’s why we’ve developed a complex quantitative algorithm that scans the entire market looking for stocks entering “breakout mode.”
This algorithm looks for golden cross triggers, among others, to pinpoint stocks with a high probability of staging a big and fast breakout.
We started deploying this algorithm in late 2022, and well… let’s just say the results speak for themselves.
We have 14 stocks in our open portfolio right now. As of this writing, 13 of those 14 positions have a positive return. Only one has a negative return – and it is down just 2%.
The gains aren’t small, either. We’ve booked gains of up to 45% in a month and 30% in a week – all in the midst of a bear market. One of our stocks even soared more than 100% in just a few months.
Point is: This algorithm works. It finds breakout stocks with stunning accuracy.
And later today, we are issuing two new buy alerts on small stocks that our algorithm says are about to break out in a huge way.
Trust me. These are picks you do not want to miss.
Click here to get access to those newest picks.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post Pinpoint 200% Gains in Six Months, Even in a Bear Market 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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And Apple (AAPL) has about 900,000 followers. Specifically, Symbotic has designed a full suite of robotic solutions to entirely automate every process in a warehouse or distribution center. It’s no wonder that the world’s largest and lowest-cost retailer – Walmart (WMT) – signed a huge deal with Symbotic to automate all of its regional distribution centers in the United States.
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And Apple (AAPL) has about 900,000 followers. But believe it or not, there is actually a much simpler, much faster way you could’ve spotted this big breakout in Symbotic stock before it happened: by looking for a “golden cross.” In the world of technical analysis, a golden cross signal is triggered when a stock’s short-term moving average (MA) crosses above its long-term MA. It signals a shift in stock price momentum wherein short-term price momentum is turning increasingly positive relative to the long-term price momentum.
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And Apple (AAPL) has about 900,000 followers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Just because we’re in a bear market, doesn’t mean you can’t score huge profits from buying stocks. But believe it or not, there is actually a much simpler, much faster way you could’ve spotted this big breakout in Symbotic stock before it happened: by looking for a “golden cross.” In the world of technical analysis, a golden cross signal is triggered when a stock’s short-term moving average (MA) crosses above its long-term MA.
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And Apple (AAPL) has about 900,000 followers. The company creates automated warehouse technologies. And this year, in Dallas, Texas, Walmart is slated to open a 1.5-million-square-foot automated fulfillment center powered entirely by Symbotic’s technology.
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16388.0
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2023-04-11 00:00:00 UTC
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PC Shipments Plunge in Q1 on Weak Demand & Excess Inventory
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AAPL
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https://www.nasdaq.com/articles/pc-shipments-plunge-in-q1-on-weak-demand-excess-inventory
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nan
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nan
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The decline in personal computer (PC) shipments aggravated in the first quarter of 2023, according to the latest data compiled by market research firm International Data Corporation (“IDC”). The latest data compiled by the market research firm depicts the fifth consecutive quarter of PC sales decline following two successive years of strong year-over-year growth, driven by pandemic-led increased demand for remote-working and online-learning tools.
Per the preliminary data released by IDC, PC shipments in the January-March 2023 quarter plunged 29% year over year to 56.9 million units. In the first, second, third and fourth quarter of 2022, PC volumes declined 5.1%, 15.3%, 15% and 28.1%, respectively.
Apple Registers Biggest Fall in Q1
IDC revealed that all vendors registered steep year-over-year declines in their PC sales volumes. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
PC volumes of Lenovo LNVGY and ASUS each fell 30.3% to 12.7 million and 3.9 million units, respectively. HP Inc. HPQ shipments contracted 24.2% to 12 million units.
Per IDC, Lenovo continues to hold the top spot in the vendor list, followed by HP and Dell, with a market share of 22.4%, 21.1% and 16.7%, respectively. Apple and ASUS ended the January-March quarter with a market share of 7.2% and 6.8%, respectively.
While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively. Apple and Lenovo each carry a Zacks Rank #2 (Buy), while HP Inc. and Dell both have a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Why Are PC Sales Falling?
IDC opines that the year-over-year decline was mainly due to weakening consumer demand for PCs, high inventory levels and a bleak economic outlook. Softening IT spending amid the ongoing economic and geopolitical uncertainties resulted in a decline in demand for PCs.
In 2020 and 2021, PC manufacturers benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated using PC systems for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming or online shopping.
However, the back-to-back five quarters of declining PC shipments depict an end to the industry’s demand boom. We believe that consumers have become more cautious about their spending due to inflationary pressure, rising interest rates and fears of a possible recession. Furthermore, Enterprises are delaying their large IT spending amid the macroeconomic challenges.
Pain to Persist in the Near Term
IDC cites no relief for PC makers in the near term due to persistent high channel inventory issue and ongoing macroeconomic headwinds. Jitesh Ubrani, research manager at IDC's Mobility and Consumer Device Trackers stated that, "Though channel inventory has depleted in the last few months, it's still well above the healthy four to six week range." He further added, "Even with heavy discounting, channels and PC makers can expect elevated inventory to persist into the middle of the year and potentially into the third quarter."
Additionally, inventory is likely to remain elevated in the near term as PC makers are altering and placing orders for Chromebooks in anticipation of a probable increase in licensing costs later this year. Nonetheless, the research firm forecasts that an expected improvement in the global economy and the possibility of consumers and organizations opting to upgrade to Windows 11 might lead to growth in PC volumes by the end of 2023.
Linn Huang, research vice president, Devices and Displays at IDC said that "By 2024, an aging installed base will start coming up for refresh." He further added, "If the economy is trending upwards by then, we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11. If recession in key markets drags on into next year, recovery could be a slog."
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
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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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Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here. Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively.
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Per the data compiled by the market research firm, Apple AAPL registered the highest fall of 40.5% to 4.1 million units, followed by Dell Technologies’ DELL 31% to $9.5 million PCs. While shares of LNVGY gained 9.5% over the past year, HPQ, DELL and AAPL stocks have plunged 21.5%, 12% and 3.3%, respectively. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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16389.0
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2023-04-11 00:00:00 UTC
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Is PayPal Stock a Buy?
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AAPL
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https://www.nasdaq.com/articles/is-paypal-stock-a-buy-4
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nan
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nan
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Share prices of PayPal (NASDAQ: PYPL) are down 76% from all-time highs set in the summer of 2021. That stock price peak occurred about the time that the acceleration in mobile payments peaked as a result of the pandemic. Since then mobile payments remained popular, but growth slowed for PayPal. Analysts point to increased competition as a big reason why.
Block's Cash App is a popular alternative for consumers in recent years, but the biggest threat analysts are worried about now is Apple (NASDAQ: AAPL). PayPal is still a leader with 435 million active accounts, but Apple Pay continues to gain adoption and just introduced an important new feature that could win over more users.
Let's review the threat from Apple and whether PayPal's stock is worth buying right now.
Mounting competition
PayPal still has its size and resources. Although it will never match the deep pockets of Apple's war chest, PayPal has been around for a while. It invested more over the last decade, developing the systems and technology to win the mobile payments race. PayPal has 435 million active accounts, including the popular peer-to-peer payment service Venmo, and the service helped PayPal generate $5 billion in free cash flow on $27 billion of revenue over the trailing 12 months.
Profitability is not a problem for PayPal, but top-line growth is. The main reason the stock collapsed is that PayPal's revenue growth rate dropped from 18% in 2021 to 8% last year.
Meanwhile, Apple now has over 2 billion active devices across its customer base. That is a tremendous advantage in the iPhone maker's efforts to expand Apple Pay adoption worldwide. The Cupertino, California-based company reported a "record-breaking number of purchases made using Apple Pay globally during the holiday shopping season."
An important tool that PayPal and other companies used to gain market share at checkout is giving users the option to split purchases into interest-free payments over a period of time. Apple has been late to the party here, but in March, it finally announced Apple Pay Later in the U.S. for purchases between $50 and $1,000.
Apple's buy now, pay later could fuel its momentum and put more pressure on PayPal, which analysts are worried would make it more difficult for the latter to accelerate its revenue growth.
The advantage for Apple is that it designs hardware and software. PayPal has a nice payment app, but Apple has the integration of a nice app with the security and authentication features of iPhone's iOS, such as Touch ID when sending payment. There are all kinds of things Apple can do to make using Apple Pay a more obvious choice for users, such as sending payments with Siri voice assistant, and potentially more capabilities down the road.
The growing threat from Apple is why analysts have low expectations for PayPal's future. The stock trades at a conservative forward price-to-earnings multiple of 15.3, which is surprisingly low for a company with a great record of above-average growth. Over the last five years, PayPal's total payment volume, revenue, and free cash flow grew at 24%, 16%, and 22%, respectively, on an annualized basis.
Data by YCharts
Is PayPal worth it?
The challenge in evaluating PayPal's performance relative to competitors is that there is no reliable data that tracks market share. But there are PayPal's recent numbers of its own buy now, pay later service. In the fourth quarter, PayPal's pay later service generated a respectable $7 billion in payment volume, representing growth of 102% over the same quarter in 2021.
However, PayPal's branded checkout volumes grew only 5% in 2022, which is below the 23% growth generated in 2021. Some analysts believe that is a sign of market share losses to Apple.
But the important thing is that PayPal's branded checkout volume is growing in line with the broader e-commerce market. This suggests that PayPal is maintaining its market share in a growing market, where mobile payments across the board are taking share from credit card swiping.
PYPL data by YCharts
PayPal has its own advantages over Apple Pay and Cash App. These simplified payment apps don't offer the wide variety of services and features that PayPal does. In addition to payment capabilities, PayPal offers bill payment, savings, international remittances, shopping rewards, and stock and crypto trading.
Management is also focused on improving the customer experience with artificial intelligence and on keeping operating costs down to drive profitable growth.
As PayPal moves through 2023, the year-over-year growth comparisons will get easier. First-quarter guidance calls for revenue to be up 9% on a constant-currency basis, with adjusted earnings per share up between 23% and 25% year over year.
Based on this outlook, I would give the company the benefit of the doubt. The stock's low valuation makes it an attractive contrarian investment ahead of the inevitable recovery in the e-commerce market.
10 stocks we like better than PayPal
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 PayPal 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 March 8, 2023
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Block, and PayPal. The Motley Fool recommends the following options: short June 2023 $67.50 puts on PayPal. 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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Block's Cash App is a popular alternative for consumers in recent years, but the biggest threat analysts are worried about now is Apple (NASDAQ: AAPL). PayPal is still a leader with 435 million active accounts, but Apple Pay continues to gain adoption and just introduced an important new feature that could win over more users. An important tool that PayPal and other companies used to gain market share at checkout is giving users the option to split purchases into interest-free payments over a period of time.
|
Block's Cash App is a popular alternative for consumers in recent years, but the biggest threat analysts are worried about now is Apple (NASDAQ: AAPL). PayPal has 435 million active accounts, including the popular peer-to-peer payment service Venmo, and the service helped PayPal generate $5 billion in free cash flow on $27 billion of revenue over the trailing 12 months. Over the last five years, PayPal's total payment volume, revenue, and free cash flow grew at 24%, 16%, and 22%, respectively, on an annualized basis.
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Block's Cash App is a popular alternative for consumers in recent years, but the biggest threat analysts are worried about now is Apple (NASDAQ: AAPL). PayPal has 435 million active accounts, including the popular peer-to-peer payment service Venmo, and the service helped PayPal generate $5 billion in free cash flow on $27 billion of revenue over the trailing 12 months. Apple's buy now, pay later could fuel its momentum and put more pressure on PayPal, which analysts are worried would make it more difficult for the latter to accelerate its revenue growth.
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Block's Cash App is a popular alternative for consumers in recent years, but the biggest threat analysts are worried about now is Apple (NASDAQ: AAPL). Let's review the threat from Apple and whether PayPal's stock is worth buying right now. An important tool that PayPal and other companies used to gain market share at checkout is giving users the option to split purchases into interest-free payments over a period of time.
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16390.0
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2023-04-11 00:00:00 UTC
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Apple Is (Probably) Making a Headset: Here's a Hidden Winner
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AAPL
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https://www.nasdaq.com/articles/apple-is-probably-making-a-headset%3A-heres-a-hidden-winner
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nan
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nan
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Apple (NASDAQ: AAPL) is expected to announce a new headset in June, and the tech world is buzzing with anticipation. But the headset will represent a small sliver of Apple's revenue, and the bigger winner could be a current leader in augmented reality. Travis Hoium highlights why Snap (NYSE: SNAP) is the stock to watch here.
*Stock prices used were end-of-day prices of April 5, 2023. The video was published on April 8, 2023.
10 stocks we like better than Snap
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 Snap 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 April 10, 2023
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. Travis Hoium has positions in Apple and Snap. The Motley Fool has positions in and recommends Apple and Meta Platforms. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) is expected to announce a new headset in June, and the tech world is buzzing with anticipation. But the headset will represent a small sliver of Apple's revenue, and the bigger winner could be a current leader in augmented reality. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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Apple (NASDAQ: AAPL) is expected to announce a new headset in June, and the tech world is buzzing with anticipation. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of April 10, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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Apple (NASDAQ: AAPL) is expected to announce a new headset in June, and the tech world is buzzing with anticipation. Travis Hoium highlights why Snap (NYSE: SNAP) is the stock to watch here. 10 stocks we like better than Snap When our analyst team has a stock tip, it can pay to listen.
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Apple (NASDAQ: AAPL) is expected to announce a new headset in June, and the tech world is buzzing with anticipation. Travis Hoium highlights why Snap (NYSE: SNAP) is the stock to watch here. The Motley Fool has positions in and recommends Apple and Meta Platforms.
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16391.0
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2023-04-11 00:00:00 UTC
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Why Apple, Warner Bros. Discovery, and Amazon Are No-Brainer Buys Right Now
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AAPL
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https://www.nasdaq.com/articles/why-apple-warner-bros.-discovery-and-amazon-are-no-brainer-buys-right-now
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Countless stocks have been on the rise this year after 2022's sell-off. However, it's not too late to take advantage of some great buys that will likely provide substantial gains over the long term.
Apple (NASDAQ: AAPL), Warner Bros. Discovery (NASDAQ: WBD), and Amazon (NASDAQ: AMZN) are vastly different companies that are also in competition with their respective streaming platforms. These companies suffered steep stock declines last year. However, their diverse businesses offer investors the chance to invest in multiple high-profit industries such as consumer tech, entertainment, e-commerce, and cloud computing.
Here's why Apple, Warner Bros. Discovery, and Amazon are no-brainer buys right now.
Apple
It's always easy to recommend Apple's stock with its long history of growth and the potency of its brand that consistently enhances demand for its products. The company's shares rose 291% in the last five years despite recent macroeconomic headwinds, and have soared 989% in the last decade. Apple's stock is one you can buy and hold indefinitely, knowing it will almost certainly continue to trend upward over the years.
In 2023, the tech giant has some exciting developments in the works. Apple is expected to enter the virtual reality/augmented reality (VR/AR) market with the launch of a new headset in June, according to Bloomberg. The device will see the company join a market projected to reach a value of $31 billion this year and expand at a compound annual growth rate (CAGR) of 13.7% through 2027.
Apple's past performance when entering new markets has led it to have dominating market shares in smartphones, tablets, smartwatches, and headphones. As a result, the company's plans to release a new product in the high-growth VR/AR market could significantly boost earnings and keep the stock on its current growth trajectory.
Warner Bros. Discovery
This entertainment giant has strong positions at the box office, streaming, theme parks, and gaming. Yet its stock was battered in 2022, plunging 63% throughout the year after an expensive merger and controversial restructuring moves. Investors have rallied over Warner Bros. Discovery's stock in 2023, but it remains down 37% year over year, prompting a buying opportunity.
As the home of such brands as Harry Potter, Game of Thrones, The Lord of the Rings, and DC, the company has valuable assets to boost its business for years. Warner Bros. Discovery made numerous slashes to content last year, which concerned investors. However, the cuts have allowed it to focus solely on its most profitable franchises. The priority on expanding beloved brands is already paying off, with the Game of Thrones spin-off show House of the Dragon attracting the most viewers for a finale since the original series aired, hitting 9.8 million.
Moreover, Warner Bros. Discovery's 12-month price target of $21.77 is 44% higher than its current position. The company is on a solid growth path, making its stock a bargain buy.
Amazon
Amazon is a titan of the tech industry with leading market shares in e-commerce and cloud computing. Economic declines hit its business hard last year, leading its North American and international segments to report a combined $10.6 billion in operating losses.
However, the e-commerce market continues to have an excellent long-term outlook, with Amazon's dominance a lucrative position once economic headwinds subside. According to Statista, the industry is expected to reach $4 trillion in 2023 and grow at a CAGR of 11.5% through 2027.
While Amazon waits out e-commerce challenges, its cloud platform, Amazon Web Services (AWS), is well-positioned to keep the company profitable. The platform earned 100% of the company's profits in 2022, achieving $22.8 billion in operating income. Recent advances in artificial intelligence have spotlighted cloud services like AWS, boosting the industry. Meanwhile, Amazon's leading market share will likely continue to provide earnings gains.
Analysts' average 12-month price target for Amazon is $137 -- 35% higher than its current price -- and nearly all call the stock a strong buy. The company was battered in 2022 and still has a long road ahead to bring its e-commerce back to profitability. However, it remains the home of a robust business likely to continue growing over the long term, making Amazon's stock a must-buy right now.
10 stocks we like better than Apple
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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. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, Apple, and Warner Bros. Discovery. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL), Warner Bros. As the home of such brands as Harry Potter, Game of Thrones, The Lord of the Rings, and DC, the company has valuable assets to boost its business for years. The priority on expanding beloved brands is already paying off, with the Game of Thrones spin-off show House of the Dragon attracting the most viewers for a finale since the original series aired, hitting 9.8 million.
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Apple (NASDAQ: AAPL), Warner Bros. Amazon Amazon is a titan of the tech industry with leading market shares in e-commerce and cloud computing. Meanwhile, Amazon's leading market share will likely continue to provide earnings gains.
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Apple (NASDAQ: AAPL), Warner Bros. Discovery's stock in 2023, but it remains down 37% year over year, prompting a buying opportunity. Amazon Amazon is a titan of the tech industry with leading market shares in e-commerce and cloud computing.
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Apple (NASDAQ: AAPL), Warner Bros. Amazon Amazon is a titan of the tech industry with leading market shares in e-commerce and cloud computing. That's right -- they think these 10 stocks are even better buys.
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16392.0
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2023-04-11 00:00:00 UTC
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Don't Expect Big Revenue Growth From Meta Platforms
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AAPL
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https://www.nasdaq.com/articles/dont-expect-big-revenue-growth-from-meta-platforms
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Based on Meta Platforms (NASDAQ: META) nearly 80% run higher so far this year, you could be forgiven for thinking this is the stock price of a company with soaring revenue. But this is far from reality. In fact, the current consensus analyst estimate calls for Meta's first-quarter revenue to fall 1% year over year. Even more, this would mark the company's fourth quarter in a row of declining revenue on a year-over-year basis.
Why isn't Meta's top-line revenue growth ready to kick into high gear yet? It boils down to the challenges the company is facing in its advertising segment, which accounts for nearly all of the Facebook parent's revenue. That said, investors shouldn't expect strong growth from Meta's reality labs business either.
Understanding Meta's revenue challenges
While a weak economy is certainly weighing on Meta, the first major challenge that started taking a toll on Meta's top line was a technological issue. In 2021, Apple (NASDAQ: AAPL) started rolling out a privacy feature on iOS that made it difficult for third-party apps like Meta's Facebook and Instagram to target users with ads and measure ad performance on the iPhone maker's platform. By the fourth quarter of 2021, Meta could tell this was going to weigh on the company's results, so management guided for a dramatic slowdown in top-line growth in the first quarter of 2022.
Chart source: The Motley Fool.
"[W]e will lap a period in which Apple's iOS changes were not in effect and we anticipate modestly increasing ad targeting and measurement headwinds from platform and regulatory changes," said Meta chief financial officer at the time, David Wehner (Meta has since hired a new CFO).
Sure enough, revenue slowed to 7% growth in the first quarter of 2022, down from 20% growth in the fourth quarter of 2021. Staring in Q2 2022, revenue has declined on a year-over-year basis each quarter since.
Meta said in its fourth-quarter 2021earnings callthat it would be "a multiyear development journey" to rebuild its advertising optimization systems for the new environment. This is proving true.
In addition to technological challenges, the company has also repeatedly cited macroeconomic weakness as a headwind on revenue. This challenge is expected to persist in 2023.
Finally, another factor weighing on the stock has been a shift in user engagement across Facebook and Instagram to the TikTok-like viewing format, Reels, which hasn't been monetized as well as Meta's more mature viewing formats.
While Meta will likely demonstrate improvement in ad targeting and measurement this year and will almost certainly better capitalize on the monetization of its popular Reels format, these two catalysts may not be enough to offset macroeconomic headwinds. Case in point, Meta guided for first-quarter revenue to be between $26 billion to $28.5 billion, compared to revenue of $27.9 billion in the year-ago quarter. Even the high end of this guidance, therefore, would only represent 2% growth.
What about reality labs?
Hold your breath. Results in the nascent segment, where Meta accounts for sales of augmented and virtual reality consumer hardware, software, and content, have been disastrous. Not only has revenue in the segment been declining, but Meta is running the business at a massive loss. It lost $4.3 billion in the fourth quarter of 2022 alone. Its full-year loss was $13.7 billion.
Plus, even if reality labs revenue picked up, it's too small to make a difference. It accounted for less than 2% of Meta's 2022 revenue.
All of this to say, while Meta's top line could have returned to growth in Q1, any reported growth will likely be moderate. Indeed, given how the macroeconomic environment doesn't seem to be improving, any growth from Meta for the rest of the year will likely be meager.
We'll get a better idea of how well Meta is holding up in this environment when the company reports first-quarter earnings on April 26.
10 stocks we like better than Apple
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of March 8, 2023
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. Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple and Meta Platforms. 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 2021, Apple (NASDAQ: AAPL) started rolling out a privacy feature on iOS that made it difficult for third-party apps like Meta's Facebook and Instagram to target users with ads and measure ad performance on the iPhone maker's platform. Meta said in its fourth-quarter 2021earnings callthat it would be "a multiyear development journey" to rebuild its advertising optimization systems for the new environment. While Meta will likely demonstrate improvement in ad targeting and measurement this year and will almost certainly better capitalize on the monetization of its popular Reels format, these two catalysts may not be enough to offset macroeconomic headwinds.
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In 2021, Apple (NASDAQ: AAPL) started rolling out a privacy feature on iOS that made it difficult for third-party apps like Meta's Facebook and Instagram to target users with ads and measure ad performance on the iPhone maker's platform. Why isn't Meta's top-line revenue growth ready to kick into high gear yet? That said, investors shouldn't expect strong growth from Meta's reality labs business either.
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In 2021, Apple (NASDAQ: AAPL) started rolling out a privacy feature on iOS that made it difficult for third-party apps like Meta's Facebook and Instagram to target users with ads and measure ad performance on the iPhone maker's platform. Based on Meta Platforms (NASDAQ: META) nearly 80% run higher so far this year, you could be forgiven for thinking this is the stock price of a company with soaring revenue. Understanding Meta's revenue challenges While a weak economy is certainly weighing on Meta, the first major challenge that started taking a toll on Meta's top line was a technological issue.
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In 2021, Apple (NASDAQ: AAPL) started rolling out a privacy feature on iOS that made it difficult for third-party apps like Meta's Facebook and Instagram to target users with ads and measure ad performance on the iPhone maker's platform. That said, investors shouldn't expect strong growth from Meta's reality labs business either. Sure enough, revenue slowed to 7% growth in the first quarter of 2022, down from 20% growth in the fourth quarter of 2021.
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16393.0
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2023-04-11 00:00:00 UTC
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Guru Fundamental Report for AAPL - Warren Buffett
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AAPL
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aapl-warren-buffett-18
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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 Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 100% 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.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of APPLE INC
AAPL Guru Analysis
AAPL Fundamental Analysis
More Information on Warren Buffett
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. 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 Patient Investor model based on the published strategy of Warren Buffett. Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Warren Buffett Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Below is Validea's guru fundamental report for APPLE INC (AAPL).
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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 Patient Investor model based on the published strategy of Warren Buffett. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry.
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16394.0
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2023-04-11 00:00:00 UTC
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Should Vanguard S&P 500 Growth ETF (VOOG) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-vanguard-sp-500-growth-etf-voog-be-on-your-investing-radar-6
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The Vanguard S&P 500 Growth ETF (VOOG) was launched on 09/09/2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
The fund is sponsored by Vanguard. It has amassed assets over $7.08 billion, making it one of the larger 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. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Additionally, growth stocks have a greater level of risk 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
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.10%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.96%.
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 44.50% of the portfolio. Consumer Discretionary and Healthcare round out the top three.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 13.95% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN).
The top 10 holdings account for about 49.29% of total assets under management.
Performance and Risk
VOOG 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 large-capitalization growth stocks.
The ETF has added roughly 9.91% so far this year and is down about -13.07% in the last one year (as of 04/11/2023). In the past 52-week period, it has traded between $204.56 and $264.42.
The ETF has a beta of 1.05 and standard deviation of 23.37% for the trailing three-year period, making it a medium risk choice in the space. With about 242 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard S&P 500 Growth 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, VOOG is a reasonable option for those seeking exposure to the Style Box - Large Cap Growth area of the market. Investors might also want to consider some other ETF options in the space.
The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $80.86 billion in assets, Invesco QQQ has $171.44 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Vanguard S&P 500 Growth ETF (VOOG): ETF Research Reports
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
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Invesco QQQ (QQQ): ETF Research Reports
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To read this article on Zacks.com click here.
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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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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 13.95% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard S&P 500 Growth ETF (VOOG): 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 $7.08 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Click to get this free report Vanguard S&P 500 Growth ETF (VOOG): 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 13.95% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). The Vanguard S&P 500 Growth ETF (VOOG) was launched on 09/09/2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
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Click to get this free report Vanguard S&P 500 Growth ETF (VOOG): 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 13.95% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Alternatives Vanguard S&P 500 Growth 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 13.95% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard S&P 500 Growth ETF (VOOG): 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. The Vanguard S&P 500 Growth ETF (VOOG) was launched on 09/09/2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
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16395.0
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2023-04-11 00:00:00 UTC
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Better AI Investment: Warren Buffett's Apple vs. Cathie Wood's Tesla
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AAPL
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https://www.nasdaq.com/articles/better-ai-investment%3A-warren-buffetts-apple-vs.-cathie-woods-tesla
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nan
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Both Warren Buffett and Cathie Wood invest heavily in artificial intelligence (AI). All of their largest tech plays -- and some of their non-tech stocks -- use AI in some form.
But this success was despite radically different investment approaches. Buffett's team at Berkshire Hathaway made its biggest AI bet on Apple (NASDAQ: AAPL), while Cathie Wood and her associates at Ark Invest chose Tesla (NASDAQ: TSLA) as its biggest AI investment. Although both stocks have outperformed the market by a wide margin, one approach holds a deeper potential for AI-driven success than the other.
Comparing the two AI investment approaches
As mentioned before, both Buffett and Wood hold extensive AI investments. Buffett's investments such as Amazon and banks like Bank of America use AI extensively. By comparison, Wood's investments are more tech-heavy portfolios consisting mostly of smaller large caps. Her fund holds AI stocks like UiPath, Zoom, and numerous others.
But despite owning several AI stocks, Buffett has said relatively little about the technology. He stated at his 2017 shareholders meeting that it could bring notable productivity gains and significant job losses.
Still, he has typically avoided smaller, money-losing stocks built on cutting-edge technologies such as AI. His team has given no indication that it owns Apple or any other AI stock specifically because of artificial intelligence.
Wood takes a more direct approach. She believes AI will be one of the major pillars of innovation over the next few years, calling the potential productivity gains "astounding and shocking." Such a prediction might have led her team to place a price target of about $1,500 on Tesla by 2026.
Apple vs. Tesla as AI stocks
Apple does not publicly discuss which of its products and services use AI. Nonetheless, virtually all of its products, especially the iPhone, appear to integrate AI on numerous levels. Functions such as Siri, texting, Face ID, Apple Maps, and Apple Photos reportedly use AI functionality in some form.
Apple has also reached out to the academic community. Programs such as Apple Scholars and its AIML Residency Program tap into knowledge from numerous disciplines to develop new AI applications.
In contrast, Tesla has addressed AI more directly. For one, it developed semiconductors to power AI. Among these is the FSD chip to control autonomous driving features, and the Dojo chip, Tesla's semiconductor designed for deep learning. And the automaker develops AI software to improve the driving experience.
While both companies will likely excel in AI development, Tesla might have a slight advantage as an investment. Its market cap is under $600 billion, compared with Apple's market cap of nearly $2.6 trillion. Thus, Tesla will have an easier time achieving higher-percentage growth.
In 2022, Tesla grew revenue by 51% year over year. In contrast, Apple's revenue fell slightly in its fiscal first quarter of 2023 (ended Dec. 31, 2022), and in fiscal 2022, it grew revenue by only 8%.
Although Apple's revenue increases could return to double-digit levels, it is unlikely to match a monster growth stock like Tesla. But Apple will probably remain cheaper from an earnings perspective, as Tesla's faster growth led to a premium valuation in the stock.
AAPL PE Ratio data by YCharts. PE = price to earnings.
Apple or Tesla?
Although both companies should continue to excel with AI development, the financials probably make Tesla the potentially more profitable stock. Not only is it smaller, but its revenue also grows at a considerably faster pace. Even at nearly double the price-to-earnings ratio, the difference in growth probably gives Tesla stock more growth potential.
Investors should not count out Buffett or Apple stock, and more-conservative shareholders might prefer his approach. But when it comes to AI-driven success, following Wood into Tesla stock is probably the more lucrative choice for growth investors.
Find out why Tesla is one of the 10 best stocks to buy now
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They just revealed their ten top stock picks for investors to buy right now. Tesla is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of March 8, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Will Healy has positions in Berkshire Hathaway and Zoom Video Communications. The Motley Fool has positions in and recommends Amazon.com, Apple, Bank of America, Berkshire Hathaway, Tesla, UiPath, and Zoom Video Communications. 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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Buffett's team at Berkshire Hathaway made its biggest AI bet on Apple (NASDAQ: AAPL), while Cathie Wood and her associates at Ark Invest chose Tesla (NASDAQ: TSLA) as its biggest AI investment. AAPL PE Ratio data by YCharts. She believes AI will be one of the major pillars of innovation over the next few years, calling the potential productivity gains "astounding and shocking."
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Buffett's team at Berkshire Hathaway made its biggest AI bet on Apple (NASDAQ: AAPL), while Cathie Wood and her associates at Ark Invest chose Tesla (NASDAQ: TSLA) as its biggest AI investment. AAPL PE Ratio data by YCharts. Comparing the two AI investment approaches As mentioned before, both Buffett and Wood hold extensive AI investments.
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Buffett's team at Berkshire Hathaway made its biggest AI bet on Apple (NASDAQ: AAPL), while Cathie Wood and her associates at Ark Invest chose Tesla (NASDAQ: TSLA) as its biggest AI investment. AAPL PE Ratio data by YCharts. Comparing the two AI investment approaches As mentioned before, both Buffett and Wood hold extensive AI investments.
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Buffett's team at Berkshire Hathaway made its biggest AI bet on Apple (NASDAQ: AAPL), while Cathie Wood and her associates at Ark Invest chose Tesla (NASDAQ: TSLA) as its biggest AI investment. AAPL PE Ratio data by YCharts. Comparing the two AI investment approaches As mentioned before, both Buffett and Wood hold extensive AI investments.
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16396.0
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2023-04-11 00:00:00 UTC
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Order Pizza On The Go With Domino's On Apple CarPlay
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AAPL
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https://www.nasdaq.com/articles/order-pizza-on-the-go-with-dominos-on-apple-carplay
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nan
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(RTTNews) - Domino's Pizza Inc.'s Domino's app is now available on Apple CarPlay, allowing customers to order pizza while on the go.
The pizza major's Domino's iOS app helps customers to skip long drive-thru lines and conveniently order pizza from the comfort of their cars.
There are two ordering options through Domino's app on CarPlay, such as Tap to Order or Call to Order. Tap to Order lets customers submit their saved Easy Order or one of their most recent orders. Further, "Call to Order" allows them to place the order of their choice, hands-free, by talking to a customer service representative.
For ordering Domino's through CarPlay, customers simply need to download Domino's iPhone app, log into their Pizza Profile, and have a saved Easy Order or recently placed order, to use "Tap to Order".
Christopher Thomas-Moore, Domino's senior vice president - chief digital officer, said, "We know how frustrating it can be to wait in a drive-thru line just to place an order. Domino's app on CarPlay is a great alternative to that, as customers still have the convenience of staying in their car, and can place an order from wherever they are, without waiting in a long drive-thru. It's yet another way we're bringing more ease and ordering options to customers across the U.S."
Domino's said its app on CarPlay is the brand's newest AnyWare ordering platform, which allows customers to order from wherever they are, using whatever device they prefer. Other AnyWare ordering platforms include ordering through Apple Watch or with an emoji via text.
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 pizza major's Domino's iOS app helps customers to skip long drive-thru lines and conveniently order pizza from the comfort of their cars. Christopher Thomas-Moore, Domino's senior vice president - chief digital officer, said, "We know how frustrating it can be to wait in a drive-thru line just to place an order. Domino's app on CarPlay is a great alternative to that, as customers still have the convenience of staying in their car, and can place an order from wherever they are, without waiting in a long drive-thru.
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The pizza major's Domino's iOS app helps customers to skip long drive-thru lines and conveniently order pizza from the comfort of their cars. There are two ordering options through Domino's app on CarPlay, such as Tap to Order or Call to Order. For ordering Domino's through CarPlay, customers simply need to download Domino's iPhone app, log into their Pizza Profile, and have a saved Easy Order or recently placed order, to use "Tap to Order".
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There are two ordering options through Domino's app on CarPlay, such as Tap to Order or Call to Order. For ordering Domino's through CarPlay, customers simply need to download Domino's iPhone app, log into their Pizza Profile, and have a saved Easy Order or recently placed order, to use "Tap to Order". It's yet another way we're bringing more ease and ordering options to customers across the U.S." Domino's said its app on CarPlay is the brand's newest AnyWare ordering platform, which allows customers to order from wherever they are, using whatever device they prefer.
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There are two ordering options through Domino's app on CarPlay, such as Tap to Order or Call to Order. For ordering Domino's through CarPlay, customers simply need to download Domino's iPhone app, log into their Pizza Profile, and have a saved Easy Order or recently placed order, to use "Tap to Order". Domino's app on CarPlay is a great alternative to that, as customers still have the convenience of staying in their car, and can place an order from wherever they are, without waiting in a long drive-thru.
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16397.0
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2023-04-11 00:00:00 UTC
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3 Great Foreign Companies to Invest in Right Now
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AAPL
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https://www.nasdaq.com/articles/3-great-foreign-companies-to-invest-in-right-now-7
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Part of having a well-diversified portfolio is investing in international companies. International companies give investors added diversification (location and currency), exposure to growth opportunities around the world, and access to industries that may not be as well represented in the United States.
If you're looking for three great foreign companies to invest in, look no further than these.
1. Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading chipmaker. It's become a top player in the industry through its customized microchips used in many technology products. In fact, you're likely reading this on a device with a TSMC microchip in it.
TSMC's ability to make powerful microchips (their smallest is 3 nm) has earned it an impressive customer base from tech giants like Apple and Advanced Micro Devices, and it's paid off nicely for its top line. The company has posted a revenue compound annual growth rate of 18% since 1994. Still, even impressive numbers couldn't save the company from shedding over a third of its value last year.
Data by YCharts
There's no doubt that TSMC faces some short-term challenges with a pullback on technology sales and a cyclical semiconductor business sensitive to broader economic conditions. That shouldn't deter long-term investors, though.
TSMC can be a 2-for-1 win for investors, considering its growth potential as well as a dividend payment. TSMC's current quarterly dividend is $0.45 per share, and its trailing-12-month dividend yield is around 2%. It's not huge, but it's something, and can help investors stomach some of the short-term hiccups the company may run into.
2. Alibaba
Alibaba Group (NYSE: BABA) has had its share of ups and downs and controversies over the past few years, but brighter days seem to be ahead for the Chinese e-commerce giant. To begin, China drastically eased its zero-COVID restrictions that put a halt to much of Alibaba's core business.
The company also took steps to please Chinese regulators, most notably announcing that it's breaking up into six smaller businesses.
I believe this is a good thing for shareholders for a few reasons. Huge conglomerates are often traded at a discount compared to the sum of their individual businesses. For example, a conglomerate with five businesses worth $100 million each would generally be valued under $500 million.
As individual businesses, Alibaba's subsidiaries would be able to operate with more autonomy, which can translate into more efficient operations and increased focus on the core businesses.
Alibaba's price-to-sales ratio is hovering just above 2.1, around the lowest it's ever been, and more than 80% less than five years ago.
Data by YCharts
For an industry leader with its vast market share and resources, that makes the stock fairly undervalued, in my opinion. The upside should be far greater than any long-term risk at current price levels.
3. LVMH Moët Hennessy - Louis Vuitton, Société Européenne
French luxury conglomerate LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC: LVMHF) has been a powerhouse for quite some time. With a portfolio that includes brands including Louis Vuitton, Tiffany and Co., Dom Pérignon, Fendi, Christian Dior, and many more Rodeo Drive inhabitants, LVMH has cemented itself among the best companies in the world.
While consumer staples are products and services that sell no matter the economic conditions because of the necessity factor, luxury goods are similar because of the status factor. LVMH's high net worth consumers make it one of the least sensitive stocks to broader economic conditions. Someone buying designer bags, high-dollar champagne, or five-figure watches likely isn't too concerned with higher inflation.
The past two years have been lucrative for the company after a small setback in 2020 because of the COVID-19 pandemic. Revenue went from 44.6 billion euros in 2020 to 64.2 billion euros in 2021 to 79.1 billion euros in 2022. In a year when many companies saw stagnant or declining sales, LVMH managed to increase its revenue by 23%.
LVMH has pricing power that not many companies can compete with, putting it in a position to thrive regardless of the global economy. Combine that with the company's constant demand and world-class products, and LVMH's dominance is primed to continue for a long time.
10 stocks we like better than Taiwan Semiconductor Manufacturing
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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*Stock Advisor returns as of March 8, 2023
Stefon Walters has positions in Alibaba Group and Apple. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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International companies give investors added diversification (location and currency), exposure to growth opportunities around the world, and access to industries that may not be as well represented in the United States. TSMC's ability to make powerful microchips (their smallest is 3 nm) has earned it an impressive customer base from tech giants like Apple and Advanced Micro Devices, and it's paid off nicely for its top line. Data by YCharts There's no doubt that TSMC faces some short-term challenges with a pullback on technology sales and a cyclical semiconductor business sensitive to broader economic conditions.
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Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading chipmaker. LVMH Moët Hennessy - Louis Vuitton, Société Européenne French luxury conglomerate LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC: LVMHF) has been a powerhouse for quite some time. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Taiwan Semiconductor Manufacturing.
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Data by YCharts There's no doubt that TSMC faces some short-term challenges with a pullback on technology sales and a cyclical semiconductor business sensitive to broader economic conditions. LVMH Moët Hennessy - Louis Vuitton, Société Européenne French luxury conglomerate LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC: LVMHF) has been a powerhouse for quite some time. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Taiwan Semiconductor Manufacturing wasn't one of them!
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Data by YCharts For an industry leader with its vast market share and resources, that makes the stock fairly undervalued, in my opinion. That's right -- they think these 10 stocks are even better buys. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Taiwan Semiconductor Manufacturing.
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16398.0
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2023-04-11 00:00:00 UTC
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KKR buys stake in communications firm FGS Global
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AAPL
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https://www.nasdaq.com/articles/kkr-buys-stake-in-communications-firm-fgs-global
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By Milana Vinn
NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc KKR.N has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion.
As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc WPP.L. WPP, which was founded by Martin Sorrell, will retain a majority stake in FGS Global.
Existing investor Golden Gate Capital is selling its entire stake to KKR, which is investing in FGS Global through its $8-billion European Fund VI.
“What we’ve been doing is to really back exceptional management teams in growth industries where we can bring more than just capital to the table. We believe the strategic communications space is absolutely at an interesting and pivotal point,” said Philipp Freise, co-head of European private equity at KKR.
FGS Global was formed out of a 2021 merger between U.S.-based Sard Verbinnen & Co and Finsbury Glover Hering, in a deal that valued the combined firm at about $917 million. Earlier in 2021, Finsbury Glover Hering was formed out of a tie-up between Finsbury, the Glover Park Group and Hering Schuppener.
FGS Global currently employs more than 1,200 people across 27 offices globally. It generated revenue of about $435 million in 2022, according to people familiar with the matter.
The group is one of the dominant and most influential players in the financial public relations industry, and counts the likes of SoftBank Group Corp 9984.T, Apple Inc AAPL.O, the National Football League, and Visa Inc V.N among its customers.
FGS Global's top ranks include co-Chairmen Roland Rudd, Carter Eskew and George Sard, and Chief Executive Alexander Geiser. The group currently has four co-CEOs of North America - Andrew Cole, Paul Kranhold, Winnie Lerner and Joel Johnson.
In an interview, Lerner said the deal would allow the company to issue equity to employees across the company.
"We want to establish this firm for the future – we want our junior colleagues to see this as a place where they want to grow and flourish," said Lerner.
The fast-growing financial communications industry has witnessed a flurry of dealmaking over the past few years, as investors have bet big on companies that are in the business of advising large corporates, boardrooms, and executives on financial deals, crisis management and other critical matters.
Teneo, which is backed by CVC Capital Partners, bought London-based Tulchan in January. In 2021, BDT Capital picked up a sizable stake in Brunswick Group.
(Reporting by Milana Vinn in New York; Editing by Christopher Cushing)
((milana.vinn@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 group is one of the dominant and most influential players in the financial public relations industry, and counts the likes of SoftBank Group Corp 9984.T, Apple Inc AAPL.O, the National Football League, and Visa Inc V.N among its customers. By Milana Vinn NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc KKR.N has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc WPP.L.
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The group is one of the dominant and most influential players in the financial public relations industry, and counts the likes of SoftBank Group Corp 9984.T, Apple Inc AAPL.O, the National Football League, and Visa Inc V.N among its customers. By Milana Vinn NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc KKR.N has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc WPP.L.
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The group is one of the dominant and most influential players in the financial public relations industry, and counts the likes of SoftBank Group Corp 9984.T, Apple Inc AAPL.O, the National Football League, and Visa Inc V.N among its customers. By Milana Vinn NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc KKR.N has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc WPP.L.
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The group is one of the dominant and most influential players in the financial public relations industry, and counts the likes of SoftBank Group Corp 9984.T, Apple Inc AAPL.O, the National Football League, and Visa Inc V.N among its customers. By Milana Vinn NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc KKR.N has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc WPP.L.
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16399.0
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2023-04-11 00:00:00 UTC
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Taiwan's March exports lag forecast, outlook still under pressure
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AAPL
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https://www.nasdaq.com/articles/taiwans-march-exports-lag-forecast-outlook-still-under-pressure
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nan
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Adds details
Taiwan March exports -19.1% y/y vs -15.4% poll forecast
Exports to China -28.5 y/y (previous month -30.2%)
Finance ministry expects April exports -18% to -20% y/y
Ministry says export outlook under pressure
TAIPEI, April 11 (Reuters) - Taiwan's exports contracted annually for the seventh month in a row in March, in a trend expected to continue until the fourth quarter, as worldwide demand stays soft, including that from China, the island's biggest export market.
Exports last month were down 19.1% by value from a year earlier at $35.2 billion, the Ministry of Finance said on Tuesday.
The data worsened from a 17.1% annual drop seen in February, and lagged a Reuters poll forecast for a 15.4% contraction.
The ministry cited the global economic slowdown, weak demand, continuous inventory adjustments by manufacturers and a a high comparison base period from the previous year for the contraction.
Export growth is not expected to resume until the last quarter of the year, it added.
Taiwan's total shipments of electronics components in March fell 14.6% from a year before to $15.57 billion, with semiconductor exports down 13.4%, it said.
Firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips to auto companies and lower-end consumer goods.
TSMC reported on Monday that its March sales had slipped 15.4% from a year before.
At $12.9 billion in March, Taiwan's exports to China were down 28.5%, after showing an annual drop of 30.2% in the previous month.
The finance ministry said global inflation and tightening of monetary policy in major economies would keep weighing on external demand, coupled with risks such as the war in Ukraine and China-U.S. trade tension.
"Exports in the first half are still under pressure," said the ministry, predicting that April exports could drop 18% to 20% from a year earlier.
March exports to the United States fell 20.7%, after falling an annual 13.7% in the prior month.
Taiwan's March imports, often seen as a leading indicator of re-exports of finished products, fell 20.1% to $30.98 billion. That compared with economists' forecast of a 12.3% decline and a 9.4% fall in February.
(Reporting by Faith Hung and Loh Liang-sa; Editing by Ben Blanchard and Clarence Fernandez)
((faith.hung@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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Firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips to auto companies and lower-end consumer goods. The ministry cited the global economic slowdown, weak demand, continuous inventory adjustments by manufacturers and a a high comparison base period from the previous year for the contraction. The finance ministry said global inflation and tightening of monetary policy in major economies would keep weighing on external demand, coupled with risks such as the war in Ukraine and China-U.S. trade tension.
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Firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips to auto companies and lower-end consumer goods. Adds details Taiwan March exports -19.1% y/y vs -15.4% poll forecast Exports to China -28.5 y/y (previous month -30.2%) Finance ministry expects April exports -18% to -20% y/y Ministry says export outlook under pressure TAIPEI, April 11 (Reuters) - Taiwan's exports contracted annually for the seventh month in a row in March, in a trend expected to continue until the fourth quarter, as worldwide demand stays soft, including that from China, the island's biggest export market. The data worsened from a 17.1% annual drop seen in February, and lagged a Reuters poll forecast for a 15.4% contraction.
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Firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips to auto companies and lower-end consumer goods. Adds details Taiwan March exports -19.1% y/y vs -15.4% poll forecast Exports to China -28.5 y/y (previous month -30.2%) Finance ministry expects April exports -18% to -20% y/y Ministry says export outlook under pressure TAIPEI, April 11 (Reuters) - Taiwan's exports contracted annually for the seventh month in a row in March, in a trend expected to continue until the fourth quarter, as worldwide demand stays soft, including that from China, the island's biggest export market. At $12.9 billion in March, Taiwan's exports to China were down 28.5%, after showing an annual drop of 30.2% in the previous month.
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Firms such as TSMC 2330.TW, TSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips to auto companies and lower-end consumer goods. Adds details Taiwan March exports -19.1% y/y vs -15.4% poll forecast Exports to China -28.5 y/y (previous month -30.2%) Finance ministry expects April exports -18% to -20% y/y Ministry says export outlook under pressure TAIPEI, April 11 (Reuters) - Taiwan's exports contracted annually for the seventh month in a row in March, in a trend expected to continue until the fourth quarter, as worldwide demand stays soft, including that from China, the island's biggest export market. At $12.9 billion in March, Taiwan's exports to China were down 28.5%, after showing an annual drop of 30.2% in the previous month.
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