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17100.0
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2023-02-14 00:00:00 UTC
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US STOCKS-Wall St set for subdued open after mixed inflation data
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-for-subdued-open-after-mixed-inflation-data
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nan
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nan
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By Johann M Cherian and Sruthi Shankar
Feb 14 (Reuters) - U.S. stock indexes were set for a muted open on Tuesday after data showed consumer prices accelerated in January but the pace of annual increase slowed, likely keeping the Federal Reserve on a path of moderate interest rate hikes.
Futures were volatile after the Labor Department report showed consumer prices climbed 0.5% in January following a 0.1% rise in December. Economists polled by Reuters had forecast the consumer price index (CPI) climbing 0.5%.
In the 12 months through January, the CPI increased 6.4%. That was the smallest gain since October 2021 but slightly above market forecast of a 6.2% rise.
"I don't think (this report) moves the needle for the Fed, and I suspect they're taking a hard look at the data. Does it mean we are headed for at least two more rate hikes? Absolutely," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
"My guess is the year-over-year decline in topline and core (CPI) suggests another 25 basis point hike in March and another one in May."
Markets have had an upbeat start to the year, driven by a renewed interest in growth stocks battered in 2022 as the Fed aggressively raised interest rates to bring steep prices under control.
However, the rally has stalled recently as signs of a still-tight labor market and hawkish commentary from Federal Reserve policymakers gave way to expectations of the U.S. central bank staying hawkish throughout the year.
A Reuters poll showed that a majority of economists see two more rate hikes in March and May with no cuts by year-end, bringing the majority of private-sector forecasters in line with the central bank's own projections and rhetoric.
Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.2% by July. 0#FEDWATCH
The yield on the U.S. 10-year Treasury notes US10YT=RR slipped from six-week highs hit in the previous session. US/
Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O were mixed before the opening bell.
At 8:57 a.m. ET, Dow e-minis 1YMcv1 were up 61 points, or 0.18%, S&P 500 e-minis EScv1 were up 6.5 points, or 0.16%, and Nasdaq 100 e-minis NQcv1 were up 11 points, or 0.09%.
Coca-Cola Co KO.N slipped 0.4% despite a strong full-year profit forecast from the soda maker.
Marriott International IncMAR.O edged up 0.6% after the hotel operator forecast first-quarter earnings above Street estimates as it benefited from strong travel demand.
Nearly 69% of more than half of the S&P 500 firms that have reported results have beaten profit expectations, as per Refinitiv on Friday. However, analysts expect fourth-quarter earnings to fall 2.8% from a year earlier.
(Reporting by Johann M Cherian and Sruthi Shankar in Bengaluru, additional reporting by Stephen Culp in New York; Editing by Maju Samuel and Sriraj Kalluvila)
((johann.mcherian@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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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O were mixed before the opening bell. By Johann M Cherian and Sruthi Shankar Feb 14 (Reuters) - U.S. stock indexes were set for a muted open on Tuesday after data showed consumer prices accelerated in January but the pace of annual increase slowed, likely keeping the Federal Reserve on a path of moderate interest rate hikes. Futures were volatile after the Labor Department report showed consumer prices climbed 0.5% in January following a 0.1% rise in December.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O were mixed before the opening bell. By Johann M Cherian and Sruthi Shankar Feb 14 (Reuters) - U.S. stock indexes were set for a muted open on Tuesday after data showed consumer prices accelerated in January but the pace of annual increase slowed, likely keeping the Federal Reserve on a path of moderate interest rate hikes. Futures were volatile after the Labor Department report showed consumer prices climbed 0.5% in January following a 0.1% rise in December.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O were mixed before the opening bell. By Johann M Cherian and Sruthi Shankar Feb 14 (Reuters) - U.S. stock indexes were set for a muted open on Tuesday after data showed consumer prices accelerated in January but the pace of annual increase slowed, likely keeping the Federal Reserve on a path of moderate interest rate hikes. Markets have had an upbeat start to the year, driven by a renewed interest in growth stocks battered in 2022 as the Fed aggressively raised interest rates to bring steep prices under control.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O were mixed before the opening bell. By Johann M Cherian and Sruthi Shankar Feb 14 (Reuters) - U.S. stock indexes were set for a muted open on Tuesday after data showed consumer prices accelerated in January but the pace of annual increase slowed, likely keeping the Federal Reserve on a path of moderate interest rate hikes. Futures were volatile after the Labor Department report showed consumer prices climbed 0.5% in January following a 0.1% rise in December.
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17101.0
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2023-02-14 00:00:00 UTC
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3 Warren Buffett Stocks to Buy on Market Weakness in 2023
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AAPL
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https://www.nasdaq.com/articles/3-warren-buffett-stocks-to-buy-on-market-weakness-in-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) CEO Warren Buffett is undoubtedly one of the world’s best investors. Accordingly, Warren Buffett stocks that are added to or divested of in a given quarter are ones that many pay close attention to. That’s because Buffett’s long-term record of generating superior returns has made him a household name among investors.
With market volatility on the rise, now could be an excellent time to buy Warren Buffett stocks for significant gains over the longer term. Of course, some investors may differ in their views with respect to certain sectors which are overweight in Buffett’s portfolio. That said, few can dispute his returns over time.
With that said, here are three Warren Buffett stocks to consider on market weakness in 2023.
Ticker Company Price
AAPL Apple $151.86
OXY Occidental Petroleum $65.85
BAC Bank of America $35.74
Apple (AAPL)
Source: Vytautas Kielaitis / Shutterstock.com
The most obvious choice to include in this list of Warren Buffett stocks is consumer electronics giant Apple (NASDAQ:AAPL). The largest company in the world, Apple has also been the largest holding in Buffett’s portfolio in recent years.
Like many economically-sensitive companies, Apple has been negatively impacted by supply issues and a deteriorating macroeconomic environment. Despite this, many investors may be curious whether now is a good time to buy AAPL stock. After all, as the iPhone market reaches maturity, investors are speculating about the future growth catalyst for Apple stock.
Recently, two business segments have been responsible for elevating Apple’s sales and profits: the services and wearables divisions. During the December quarter, Apple’s services division generated year-over-year (YOY) revenue growth of more than 6%, totaling $20.77 billion. On the other hand, its hardware sales experienced a drop of 8% to $96.39 billion. The services offered by Apple encompass a range of products and offerings, including the App Store, AppleCare, iCloud, Apple Pay, Apple Music, Apple TV+ and Apple Arcade.
Warren Buffett has been a big believer in Apple stock since 2016, when he first took a stake. He believes the tech giant’s sales and profits will grow significantly as new innovative products are launched. Furthermore, with an increasing dividend of 1.8% yield, he also views AAPL stock as generating income while providing solid capital appreciation potential.
Occidental Petroleum (OXY)
Source: T. Schneider / Shutterstock.com
Occidental Petroleum (NYSE:OXY) is a broadly-diversified energy giant Buffett clearly likes. The company’s fully-integrated business model focuses on the production of oil and gas, of course, as well as basic materials, petrochemicals, polymers and special chemicals. Last year saw Occidental outperform many of its peers, in large part due to this diversified approach.
That said, Occidental’s oil and gas operations are seeing continuous improvements. In 2019, the company made a bold move to acquire Anadarko Petroleum, which involved significant debt and special financing from Berkshire Hathaway. However, the recent surge in oil prices has significantly strengthened its financial performance.
According to company leadership, as long as domestic oil prices remain above $40, its current operations can sustain its current dividend. Additionally, the company has channeled much of its surplus cash toward reducing debt.
With this information, there is no doubt Warren Buffett has been watching OXY stock for some time now. He is a known value investor, meaning he buys stocks at an attractive price and expects returns to be generated over the long term. I think most investors can make a long-term bet on Occidental, particularly if it drops throughout the calendar year.
Bank of America (BAC)
Source: Michael Vi / Shutterstock.com
Bank of America (NYSE:BAC) operates as one of the United States’ largest banks, providing customers with various financial services. The bank’s revenues and profits have been resilient in the face of turbulent economic times thanks to its diversified operations in retail banking, corporate banking, wealth management, asset management and insurance services.
Like many of its peers, Bank of America received a boost in 2022 as the Federal Reserve began increasing interest rates. The Fed raised rates by 25 basis points in March followed by a 50 basis-point hike in May, and then continued to increase rates by 75 basis points at each of the four subsequent meetings. The year ended with another 50-point rate hike, resulting in a federal funds rate range of 4.25% to 4.5% for overnight loans between banks.
This all played a role in the bank’s strong performance in the latter half of the year. As of 2023, conditions remain favorable for Bank of America and similar to what was experienced in the previous year. The bank will likely continue to thrive in 2023, just as it did in 2022, with increasing net interest income mitigating potential losses in other areas.
I think Bank of America is a good investment opportunity right now. The company’s current price-to-earnings ratio of 11.1 times compares favorably to its historical average and recent ratios from 2020 and 2021. Thus, I think Bank of America is well-positioned to navigate this market and is trading at a reasonable valuation I could see Buffett continuing to add to on market weakness this year.
On the date of publication, Chris MacDonald has a position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
The post 3 Warren Buffett Stocks to Buy on Market Weakness 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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Ticker Company Price AAPL Apple $151.86 OXY Occidental Petroleum $65.85 BAC Bank of America $35.74 Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The most obvious choice to include in this list of Warren Buffett stocks is consumer electronics giant Apple (NASDAQ:AAPL). Despite this, many investors may be curious whether now is a good time to buy AAPL stock. Furthermore, with an increasing dividend of 1.8% yield, he also views AAPL stock as generating income while providing solid capital appreciation potential.
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Ticker Company Price AAPL Apple $151.86 OXY Occidental Petroleum $65.85 BAC Bank of America $35.74 Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The most obvious choice to include in this list of Warren Buffett stocks is consumer electronics giant Apple (NASDAQ:AAPL). Despite this, many investors may be curious whether now is a good time to buy AAPL stock. Furthermore, with an increasing dividend of 1.8% yield, he also views AAPL stock as generating income while providing solid capital appreciation potential.
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Ticker Company Price AAPL Apple $151.86 OXY Occidental Petroleum $65.85 BAC Bank of America $35.74 Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The most obvious choice to include in this list of Warren Buffett stocks is consumer electronics giant Apple (NASDAQ:AAPL). Despite this, many investors may be curious whether now is a good time to buy AAPL stock. Furthermore, with an increasing dividend of 1.8% yield, he also views AAPL stock as generating income while providing solid capital appreciation potential.
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Despite this, many investors may be curious whether now is a good time to buy AAPL stock. Ticker Company Price AAPL Apple $151.86 OXY Occidental Petroleum $65.85 BAC Bank of America $35.74 Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The most obvious choice to include in this list of Warren Buffett stocks is consumer electronics giant Apple (NASDAQ:AAPL). Furthermore, with an increasing dividend of 1.8% yield, he also views AAPL stock as generating income while providing solid capital appreciation potential.
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17102.0
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2023-02-14 00:00:00 UTC
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US STOCKS-S&P 500 dips as inflation data supports rate worries
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AAPL
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https://www.nasdaq.com/articles/us-stocks-sp-500-dips-as-inflation-data-supports-rate-worries
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nan
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nan
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By Johann M Cherian and Noel Randewich
Feb 14 (Reuters) - The S&P 500 .SPX dipped on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes.
Data showed U.S. consumer prices accelerated in January as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed Federal Reserve will maintain a moderate interest rate hiking path.
"Inflation remains elevated, albeit it appears to be slowing," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. "Looking at today's price action, I think it might be a little bit of profit-taking on the heels of strong year-to-date performance."
Losses of about 1% in Apple Inc AAPL.O, Amazon.com Inc AMZN.Oand Alphabet Inc GOOGL.Ohelped keep the S&P 500 in negative territory.
Of the 11 S&P 500 sector indexes, seven declined, led by real estate .SPLRCR, down 1.12%, followed by a 0.64% loss in consumer staples .SPLRCS.
The consumer discretionary index .SPLRC rose 0.5% on a 4.4% gain in Tesla Inc TSLA.O. The electric car maker has rebounded 65% in 2023 after losing two-thirds of its value last year.
Money market traders are betting on at least two more 25 basis point rate hikes this year, with interest rates seen peaking at 5.28% by July. 0#FEDWATCH
Also adding to the investor angst were hawkish remarks by Richmond Fed President Thomas Barkin and Dallas Fed President Lorie Logan. Barkin said the Fed needs to prioritize quashing inflation over risks to U.S. economic growth.
Wall Street had an upbeat start to the year, lifted by renewed interest in volatile growth stocks battered in 2022 as the Fed raised rates aggressively to bring steep prices under control.
The rally, however, stalled last week following signs of a tight labor market and hawkish commentary from Fed policymakers.
The S&P 500 is up about 8% so far in 2023, while the Nasdaq Composite Index .IXIC has rebounded about 14%.
Investors will closely watch January retail sales data on Wednesday for hints on consumer spending amid worries of an economic slowdown.
In afternoon trading, the S&P 500 was down 0.20% at 4,129.11 points.
The Nasdaq gained 0.07% at 11,900.01 points, while the Dow Jones Industrial Average .DJI was down 0.44% at 34,094.88 points.
Shares of Boeing Co BA.N rose 1.8% to their highest in over a year after Air India unveiled a deal to buy 220 of its passenger planes.
Coca-Cola Co KO.Nslipped 1.4% despite a strong full-year profit forecast.
Marriott International Inc > rose 2.8% after the hotel operator forecast first-quarter earnings above Wall Street estimates as it benefited from strong travel demand.
Palantir TechnologiesPLTR.N soared more than 15% after the data analytics firm forecast its first profitable year.
Of the more than half of S&P 500 firms that have reported results, nearly 69% have beaten profit expectations, as per Refinitiv on Friday. However, analysts expect fourth-quarter earnings to fall 2.8% from a year earlier.
Across the U.S. stock market .AD.US, declining stocks outnumbered rising ones by a 1.3-to-one ratio.
The S&P 500 posted 10 new highs and no new lows; the Nasdaq recorded 60 new highs and 65 new lows.
(Reporting by Johann M Cherian and Sruthi Shankar in Bengaluru, and by Noel Randewich in Oakland, California; Additional reporting by Stephen Culp in New York; Editing by Sriraj Kalluvila, Maju Samuel and Richard Chang)
((noel.randewich@tr.com; Twitter: @randewich))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Losses of about 1% in Apple Inc AAPL.O, Amazon.com Inc AMZN.Oand Alphabet Inc GOOGL.Ohelped keep the S&P 500 in negative territory. By Johann M Cherian and Noel Randewich Feb 14 (Reuters) - The S&P 500 .SPX dipped on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. Data showed U.S. consumer prices accelerated in January as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed Federal Reserve will maintain a moderate interest rate hiking path.
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Losses of about 1% in Apple Inc AAPL.O, Amazon.com Inc AMZN.Oand Alphabet Inc GOOGL.Ohelped keep the S&P 500 in negative territory. By Johann M Cherian and Noel Randewich Feb 14 (Reuters) - The S&P 500 .SPX dipped on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. Data showed U.S. consumer prices accelerated in January as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed Federal Reserve will maintain a moderate interest rate hiking path.
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Losses of about 1% in Apple Inc AAPL.O, Amazon.com Inc AMZN.Oand Alphabet Inc GOOGL.Ohelped keep the S&P 500 in negative territory. By Johann M Cherian and Noel Randewich Feb 14 (Reuters) - The S&P 500 .SPX dipped on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. Data showed U.S. consumer prices accelerated in January as Americans continued to be burdened by higher rental housing costs, suggesting that the Fed Federal Reserve will maintain a moderate interest rate hiking path.
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Losses of about 1% in Apple Inc AAPL.O, Amazon.com Inc AMZN.Oand Alphabet Inc GOOGL.Ohelped keep the S&P 500 in negative territory. By Johann M Cherian and Noel Randewich Feb 14 (Reuters) - The S&P 500 .SPX dipped on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. Money market traders are betting on at least two more 25 basis point rate hikes this year, with interest rates seen peaking at 5.28% by July.
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17103.0
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2023-02-14 00:00:00 UTC
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Why Apple, LVMH, and PepsiCo Are No-Brainer Buys Right Now
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AAPL
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https://www.nasdaq.com/articles/why-apple-lvmh-and-pepsico-are-no-brainer-buys-right-now
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nan
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nan
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Stocks have gotten off to a strong start this year as the bulls bet on cooler inflation, more moderate interest rate hikes, and a soft landing for the economy. However, many investors are likely still reluctant to get back into the market after its steep declines last year. Sitting on the sidelines might seem safer, but investors could also miss out on some big, potential gains.
So today, I'll take a look at three resilient blue-chip stocks -- Apple (NASDAQ: AAPL), LVMH (OTC: LVMUY), and PepsiCo (NASDAQ: PEP) -- and explain why they're still no-brainer buys for conservative investors.
Image source: Getty Images.
1. Apple
Apple recently posted a messy earnings report that fell short of analysts' expectations and featured its steepest revenue drop since 2016. That big miss was caused by declining sales of iPhones and Macs as well as tough currency headwinds, which offset the stronger growth of its iPad and services segments. The COVID-19 lockdowns in China, which sparked protests at a major iPhone plant, exacerbated that slowdown.
Yet those temporary headwinds masked Apple's strengths. On a constant currency basis, its revenue still rose year over year. It also ended the quarter with 935 million paid subscribers across all of its services, equaling 19% growth versus a year ago and granting it a captive audience for launching new hardware and software products. And with $165 billion in cash and marketable securities on its balance sheet, Apple can still easily expand through acquisitions or buy back more shares.
Analysts expect the tech titan's revenue and earnings to both dip 2% this year, but that dim outlook doesn't account for the launches of any new devices (including its long-rumored mixed reality headset) or services. Apple's stock might not seem cheap at 25 times forward earnings, but its stability, liquidity, and long-term growth potential all justify that higher valuation. It also has plenty of room to raise its forward dividend yield of 0.6% to attract more income investors.
2. LVMH
LVMH, the world's largest luxury goods company, is an evergreen stock for two reasons: It's well-diversified across 75 houses (including Louis Vuitton, Dior, Loewe, Fendi, Tiffany, Bulgari, and Sephora), and it targets high-end consumers who are resistant to macro headwinds. That's why its revenue rose 23% (17% organically) in 2022, even as inflation and other geopolitical headwinds broadly curbed consumer spending on discretionary goods. Its net profit also increased 17%.
All five of LVMH's business units (wines and spirits, fashion and leather, perfumes and cosmetics, watches and jewelry, and selective retailing) generated double-digit organic sales expansion during the year. Its robust growth in the United States, Europe, and Japan offset its softness in China, which was repeatedly disrupted by COVID lockdowns. It ended the year with 7.3 billion euros ($7.8 billion) in cash and equivalents, giving it ample room for more acquisitions and dividend hikes.
LVMH pays a forward yield of 1.5% and trades at 25 times forward earnings. Analysts expect it to grow its revenue and earnings by 8% and 15%, respectively, in 2023. The bears will claim LVMH isn't cheap at these levels, but it's still cheaper than many of its industry peers. Hermès, for example, still trades at 50 times next year's earnings. LVMH also deserves a premium valuation because it's one of the few retailers that has repeatedly grown through economic downturns.
3. PepsiCo
PepsiCo is a good defensive stock for investors who expect the bear market to drag on for a few more months. In addition to its namesake soda, PepsiCo sells a wide range of fruit juices, teas, sports drinks, bottled water, and other non-carbonated drinks. It also distributes packaged foods through its Frito-Lay, Quaker Foods, and Pioneer Foods subsidiaries.
PepsiCo's brand recognition, scale, and diversification enables it to generate stable growth through economic downturns. In 2022, its organic sales and constant currency core earnings per share (EPS) rose 14% and 11%, respectively, even as inflation crimped consumer spending and drove up its costs. PepsiCo countered that pressure by repeatedly raising its prices, but it will halt those price hikes in 2023 as inflation cools off and the spending power of the average consumer improves. For the full year, it expects its organic sales to rise 6% and for its constant currency core EPS to increase 8%.
Those steady growth rates, along with its 51 consecutive years of dividend hikes, make PepsiCo a no-brainer stock to own over the long term. It's not a value stock at 24 times forward earnings, and its forward yield of 2.6% is still lower than the 10-year Treasury's 3.7% yield, but this is a well-rounded, blue-chip stalwart that can help even the most cautious investor sleep soundly at night.
10 stocks we like better than Apple
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Leo Sun has positions in Apple, Hermès International Société En Commandite Par Actions, and Lvmh Moët Hennessy-Louis Vuitton, Société Européenne. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So today, I'll take a look at three resilient blue-chip stocks -- Apple (NASDAQ: AAPL), LVMH (OTC: LVMUY), and PepsiCo (NASDAQ: PEP) -- and explain why they're still no-brainer buys for conservative investors. Analysts expect the tech titan's revenue and earnings to both dip 2% this year, but that dim outlook doesn't account for the launches of any new devices (including its long-rumored mixed reality headset) or services. LVMH, the world's largest luxury goods company, is an evergreen stock for two reasons: It's well-diversified across 75 houses (including Louis Vuitton, Dior, Loewe, Fendi, Tiffany, Bulgari, and Sephora), and it targets high-end consumers who are resistant to macro headwinds.
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So today, I'll take a look at three resilient blue-chip stocks -- Apple (NASDAQ: AAPL), LVMH (OTC: LVMUY), and PepsiCo (NASDAQ: PEP) -- and explain why they're still no-brainer buys for conservative investors. LVMH pays a forward yield of 1.5% and trades at 25 times forward earnings. In 2022, its organic sales and constant currency core earnings per share (EPS) rose 14% and 11%, respectively, even as inflation crimped consumer spending and drove up its costs.
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So today, I'll take a look at three resilient blue-chip stocks -- Apple (NASDAQ: AAPL), LVMH (OTC: LVMUY), and PepsiCo (NASDAQ: PEP) -- and explain why they're still no-brainer buys for conservative investors. Apple's stock might not seem cheap at 25 times forward earnings, but its stability, liquidity, and long-term growth potential all justify that higher valuation. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Leo Sun has positions in Apple, Hermès International Société En Commandite Par Actions, and Lvmh Moët Hennessy-Louis Vuitton, Société Européenne.
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So today, I'll take a look at three resilient blue-chip stocks -- Apple (NASDAQ: AAPL), LVMH (OTC: LVMUY), and PepsiCo (NASDAQ: PEP) -- and explain why they're still no-brainer buys for conservative investors. Hermès, for example, still trades at 50 times next year's earnings. For the full year, it expects its organic sales to rise 6% and for its constant currency core EPS to increase 8%.
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17104.0
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2023-02-14 00:00:00 UTC
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Apple faces obstacles in move to boost India manufacturing - FT
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AAPL
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https://www.nasdaq.com/articles/apple-faces-obstacles-in-move-to-boost-india-manufacturing-ft
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nan
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nan
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Feb 14 (Reuters) - Apple Inc AAPL.O is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations.
The Cupertino, California-based company has been shifting production away from China after the country's strict COVID-related restrictions dented supply chains across industries and as trade and geopolitical tensions between Beijing and Washington escalated.
At a casings factory in southern India run by conglomerate Tata Group, only about half of the components from the production line are in good enough shape to be sent to Apple's supplier Foxconn 2317.TW, FT reported, citing a person familiar with the matter.
This 50% 'yield' does not meet Apple's goal for zero defects, FT reported, adding that the company's process of expanding in India has been slow in part due to challenges in logistics, tariffs and infrastructure.
Apple and Tata Group did not immediately respond to a request for comment.
Apple has bet big on India since it began iPhone assembly in the country in 2017 through Wistron Corp 3231.TW and later Foxconn, in line with the Indian government's push for local manufacturing.
Last month, India's trade minister said that Apple wants India to account for up to 25% of its production from about 5 - 7% currently.
(Reporting by Sneha Bhowmik in Bengaluru; Editing by Nivedita Bhattacharjee)
((Sneha.Bhowmik@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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Feb 14 (Reuters) - Apple Inc AAPL.O is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations. The Cupertino, California-based company has been shifting production away from China after the country's strict COVID-related restrictions dented supply chains across industries and as trade and geopolitical tensions between Beijing and Washington escalated. At a casings factory in southern India run by conglomerate Tata Group, only about half of the components from the production line are in good enough shape to be sent to Apple's supplier Foxconn 2317.TW, FT reported, citing a person familiar with the matter.
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Feb 14 (Reuters) - Apple Inc AAPL.O is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations. At a casings factory in southern India run by conglomerate Tata Group, only about half of the components from the production line are in good enough shape to be sent to Apple's supplier Foxconn 2317.TW, FT reported, citing a person familiar with the matter. Apple and Tata Group did not immediately respond to a request for comment.
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Feb 14 (Reuters) - Apple Inc AAPL.O is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations. At a casings factory in southern India run by conglomerate Tata Group, only about half of the components from the production line are in good enough shape to be sent to Apple's supplier Foxconn 2317.TW, FT reported, citing a person familiar with the matter. This 50% 'yield' does not meet Apple's goal for zero defects, FT reported, adding that the company's process of expanding in India has been slow in part due to challenges in logistics, tariffs and infrastructure.
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Feb 14 (Reuters) - Apple Inc AAPL.O is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker's operations. The Cupertino, California-based company has been shifting production away from China after the country's strict COVID-related restrictions dented supply chains across industries and as trade and geopolitical tensions between Beijing and Washington escalated. At a casings factory in southern India run by conglomerate Tata Group, only about half of the components from the production line are in good enough shape to be sent to Apple's supplier Foxconn 2317.TW, FT reported, citing a person familiar with the matter.
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17105.0
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2023-02-14 00:00:00 UTC
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EXCLUSIVE-EU's Breton plans consultation on Big Tech and telecoms network costs
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AAPL
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https://www.nasdaq.com/articles/exclusive-eus-breton-plans-consultation-on-big-tech-and-telecoms-network-costs
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By Foo Yun Chee
STRASBOURG, Feb 14 (Reuters) - EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear some telecoms network costs, he said on Tuesday ahead of a telecoms conference taking place in Barcelona from Feb. 27 to March 2.
EU telecoms providers including Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI have for years sought to have Big Tech foot some infrastructure cost for 5G and broadband.
The telecoms companies say the six largest content providers - Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O and Alphabet Inc's Google GOOGL.O - account for more than half of data internet traffic.
The tech giants say the idea amounts to an internet traffic tax that could undermine Europe's net neutrality rules to ensure all users are treated equally.
Asked when the consultation would be launched, Breton told Reuters: "Wait for my speech at Barcelona. Yes, I will announce it soon. At Barcelona."
The consultation is likely to take about 12 weeks before the European Commission will propose legislation that will need to be thrashed out by EU countries and EU lawmakers before it can become law.
Breton said he was confident the process could be wrapped up by the end of the year. "We will have time, yes," he said.
Announcing the start of the consultation at Barcelona is a strong signal to the telecoms sector of Breton's backing, a telecoms industry source said. It would be Breton's first appearance at an event traditionally attended by all major telecoms operators.
(Reporting by Foo Yun Chee Editing by David Goodman)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The telecoms companies say the six largest content providers - Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O and Alphabet Inc's Google GOOGL.O - account for more than half of data internet traffic. By Foo Yun Chee STRASBOURG, Feb 14 (Reuters) - EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear some telecoms network costs, he said on Tuesday ahead of a telecoms conference taking place in Barcelona from Feb. 27 to March 2. The tech giants say the idea amounts to an internet traffic tax that could undermine Europe's net neutrality rules to ensure all users are treated equally.
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The telecoms companies say the six largest content providers - Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O and Alphabet Inc's Google GOOGL.O - account for more than half of data internet traffic. By Foo Yun Chee STRASBOURG, Feb 14 (Reuters) - EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear some telecoms network costs, he said on Tuesday ahead of a telecoms conference taking place in Barcelona from Feb. 27 to March 2. EU telecoms providers including Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI have for years sought to have Big Tech foot some infrastructure cost for 5G and broadband.
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The telecoms companies say the six largest content providers - Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O and Alphabet Inc's Google GOOGL.O - account for more than half of data internet traffic. By Foo Yun Chee STRASBOURG, Feb 14 (Reuters) - EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear some telecoms network costs, he said on Tuesday ahead of a telecoms conference taking place in Barcelona from Feb. 27 to March 2. EU telecoms providers including Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI have for years sought to have Big Tech foot some infrastructure cost for 5G and broadband.
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The telecoms companies say the six largest content providers - Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O and Alphabet Inc's Google GOOGL.O - account for more than half of data internet traffic. By Foo Yun Chee STRASBOURG, Feb 14 (Reuters) - EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear some telecoms network costs, he said on Tuesday ahead of a telecoms conference taking place in Barcelona from Feb. 27 to March 2. Announcing the start of the consultation at Barcelona is a strong signal to the telecoms sector of Breton's backing, a telecoms industry source said.
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17106.0
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2023-02-14 00:00:00 UTC
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3 EV Stocks That Are on a Multi-Decade Growth Runway
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AAPL
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https://www.nasdaq.com/articles/3-ev-stocks-that-are-on-a-multi-decade-growth-runway
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nan
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When investors think of game-changing electric vehicle (EV) stocks, Tesla (NASDAQ: TSLA) might come to mind. But there are many other ways to gain exposure to the growth of EV adoption.
Freeport-McMoRan (NYSE: FCX) benefits from a growing EV industry through a boost in copper demand, and Albemarle (NYSE: ALB) produces lithium, a key component in batteries.
Here's why these three Motley Fool contributors think Tesla, Freeport-McMoRan, and Albemarle are three completely different ways to gain ultra-long-term exposure to the EV industry.
Image source: Getty Images.
This EV winner is hiding in plain sight.
Daniel Foelber (Tesla): Tesla stock has been the single best-performing component in the S&P 500 so far this year. But that comes after it was one of the worst S&P 500 performers in 2022.
The stock's dramatic ups and downs make it wildly inconsistent. But this is a direct contrast to Tesla the company, which has been as consistent as they come over the last five years.
The following table shows Tesla's key metrics since 2018. The company's performance has been exceptional.
2022
2021
2020
2019
2018
Production (units)
1,369,611
930,422
509,737
365,232
254,530
Deliveries (units)
1,313,851
936,222
499,647
367,656
245,506
Revenue
$81.46 billion
$53.82 billion
$31.54 billion
$24.58 billion
$21.46 billion
Net income (loss)
$12.58 billion
$5.52 billion
$721 million
($862 million)
($976 million)
Operating margin
16.98%
12.07%
6.32%
0.33%
(1.18%)
Free cash flow (negative)
$7.55 billion
$3.48 billion
$2.7 billion
$968 million
($221 million)
Data sources: Tesla, YCharts.
Tesla can't control how investors trade its stock, macroeconomic conditions, or global demand. But it continues to sustain high margins and take market share while setting the stage for decades of growth.
As the competition scrambles to catch up, Tesla finds itself in the catbird seat with an unrivaled global manufacturing, distribution, and charging network. Its vertical integration and command of the EV value chain are similar to Apple's product and service line across multiple consumer electronic categories.
For a brief moment before its recent run-up, Tesla stock had a price-to-earnings ratio similar to low-growth consumer staples stalwarts like Coca-Cola or Procter & Gamble. It was far easier to pound the buy button when Tesla was that cheap. But even now, it is far less expensive and far more established than in years past.
For most investors, the best way to approach Tesla is probably to buy it and forget about it, or simply ignore it if you're uncomfortable with the volatility. The stock could continue to do crazy things.
But as long as Tesla stays on track to grow production at a 50% compound annual rate while maintaining an excellent balance sheet and high margins, it should continue to be a solid long-term investment.
Freeport-McMoran is a backdoor way to play the EV boom
Lee Samaha (Freeport-McMoRan): According to an S&P Global Report entitled "The Future of Copper," demand for the metal will grow from 25 million metric tons today to 50 million metric tons by 2035. The report says that the demand increase will likely be driven by the fact that technologies associated with the energy transition "require much more copper than conventional fossil-based counterparts."
One of them is the transition from internal combustion engines (ICE) to electric vehicles -- or properly put, hybrid electric vehicles (HEV), battery electric vehicles (BEV), and fuel-cell electric vehicles (FCEV). For example, the report says a typical BEV requires 2 1/2 times the amount of copper needed in a typical ICE car, not least in internal wiring, batteries, and motors.
As such, the EV transition will significantly contribute to the marginal shift in copper demand alongside other emerging technologies such as solar power, wind power, industrial automation, and the general trend toward electrification in the economy. Meanwhile, the same environmental awareness driving the EV transition is also making it harder for miners to acquire permits for new mines or to expand existing ones.
If this translates into an uptrend in the price of copper, then Freeport-McMoRan, with its major projects in Indonesia and the U.S., is set to be a significant beneficiary.
Power your portfolio with Albemarle
Scott Levine (Albemarle): Barring major disruptions in battery technology, investors can expect lithium to play a crucial role in the burgeoning EV landscape for years and years. Even many cutting-edge technologies like solid-state batteries incorporate lithium in their designs.
Consequently, Albemarle, a leader in lithium production, represents a compelling option for investors looking to travel the road of EV investment.
While some lithium companies have limited assets in their portfolios, Albemarle owns and operates a variety of properties on several continents -- resources that provide an opportunity for the company to continue producing lithium for years to come.
And the numerous assets are advantageous in that they mitigate the risk of complications (operational, political, or otherwise) arising at an individual mine.
Although Albemarle is among the global leaders for lithium production, the company shows little indication of resting on its laurels. In a recent investor presentation, the company stated its position that "Growth remains the primary capital allocation priority."
A look at the company's recent acquisitions substantiates this. In October, for example, Albemarle announced it had completed the $200 million acquisition of Guangxi Tianyuan New Energy Materials Co., a producer of battery-grade lithium carbonate and lithium hydroxide.
The company projects that it will generate free cash flow of about $700 million in 2022, growing to about $2.65 billion in 2027. Should it achieve this forecast and bolster its balance sheet, it will be in a strong position to seek additional lithium production acquisitions without having to rely heavily on issuing debt. The growth in its portfolio, consequently, could help ensure that the company retains its position as a global leader in lithium production.
Find out why Tesla is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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 February 8, 2023
Daniel Foelber has positions in Tesla and has the following options: long September 2023 $146.67 calls on Tesla, short February 2023 $120 calls on Tesla, short March 2023 $110 calls on Tesla, and short September 2023 $150 calls on Tesla. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Tesla. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a brief moment before its recent run-up, Tesla stock had a price-to-earnings ratio similar to low-growth consumer staples stalwarts like Coca-Cola or Procter & Gamble. But as long as Tesla stays on track to grow production at a 50% compound annual rate while maintaining an excellent balance sheet and high margins, it should continue to be a solid long-term investment. Should it achieve this forecast and bolster its balance sheet, it will be in a strong position to seek additional lithium production acquisitions without having to rely heavily on issuing debt.
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2022 2021 2020 2019 2018 Production (units) 1,369,611 930,422 509,737 365,232 254,530 Deliveries (units) 1,313,851 936,222 499,647 367,656 245,506 Revenue $81.46 billion $53.82 billion $31.54 billion $24.58 billion $21.46 billion Net income (loss) $12.58 billion $5.52 billion $721 million ($862 million) ($976 million) Operating margin 16.98% 12.07% 6.32% 0.33% (1.18%) Free cash flow (negative) $7.55 billion $3.48 billion $2.7 billion $968 million ($221 million) Data sources: Tesla, YCharts. *Stock Advisor returns as of February 8, 2023 Daniel Foelber has positions in Tesla and has the following options: long September 2023 $146.67 calls on Tesla, short February 2023 $120 calls on Tesla, short March 2023 $110 calls on Tesla, and short September 2023 $150 calls on Tesla. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, and short March 2023 $130 calls on Apple.
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2022 2021 2020 2019 2018 Production (units) 1,369,611 930,422 509,737 365,232 254,530 Deliveries (units) 1,313,851 936,222 499,647 367,656 245,506 Revenue $81.46 billion $53.82 billion $31.54 billion $24.58 billion $21.46 billion Net income (loss) $12.58 billion $5.52 billion $721 million ($862 million) ($976 million) Operating margin 16.98% 12.07% 6.32% 0.33% (1.18%) Free cash flow (negative) $7.55 billion $3.48 billion $2.7 billion $968 million ($221 million) Data sources: Tesla, YCharts. Power your portfolio with Albemarle Scott Levine (Albemarle): Barring major disruptions in battery technology, investors can expect lithium to play a crucial role in the burgeoning EV landscape for years and years. *Stock Advisor returns as of February 8, 2023 Daniel Foelber has positions in Tesla and has the following options: long September 2023 $146.67 calls on Tesla, short February 2023 $120 calls on Tesla, short March 2023 $110 calls on Tesla, and short September 2023 $150 calls on Tesla.
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Power your portfolio with Albemarle Scott Levine (Albemarle): Barring major disruptions in battery technology, investors can expect lithium to play a crucial role in the burgeoning EV landscape for years and years. While some lithium companies have limited assets in their portfolios, Albemarle owns and operates a variety of properties on several continents -- resources that provide an opportunity for the company to continue producing lithium for years to come. The Motley Fool has positions in and recommends Apple and Tesla.
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17107.0
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2023-02-14 00:00:00 UTC
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Should You Be Loving AppLovin Stock?
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AAPL
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https://www.nasdaq.com/articles/should-you-be-loving-applovin-stock
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nan
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nan
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Mobile advertising and app monetization platform provider AppLovin Co. (NASDAQ: APP) stock gapped nicely on its Q4 2022 earnings release. Applovin provides app developers tools and services to grow and monetize their apps with users and advertisers. It also provides analytics and cross-promotion opportunities with its network of advertisers. Its core audience is in the video gaming segment, which has been in a slump as normalization continues, but its Software Platform is experiencing growth at a 24% clip.
AppLovin competed with Unity Software Inc (NASDAQ: U) and acquired IronSource, a mobile advertising and monetization platform which Applovin had previously attempted to acquire but lost out to Unity. It also competes with Alphabet Inc. (NASDAQ: GOOGL) Google AdMob mobile advertising platform, and Meta Platforms Inc. (NASDAQ: META) Facebook Audience Network.
Video Gaming Market Weakness
The video gaming space has experienced degradation from waning consumer discretionary spending since early 2022. High inflation and rising interest rates have been the leading causes of consumers being more frugal with their discretionary spending.
The detrimental effects have been felt by game publishers like Electronic Arts Inc.(NYSE: EA), Roblox Co. (NASDAQ: RBLX), and Take-Two Interactive Software Co. (NASDAQ: TTWO). Since the gaming market is core to AppLovin's top line, the weakness in the sector has impacted AppLovin's top-line decline.
The Company had 2.9 million active monthly users generating $44 average revenue per user (ARPU) in Q3 2021 during the post-pandemic heyday before normalization. A year later to Q3 2022, AppLovin users fell to 2.1 million and ARPU dropped to $41.
The drop in traffic also hit the apps operation segment by (-14%) dropping revenues down to $134.1 million from $156.2 million. The Company is planning on expanding beyond its core gaming segment.
AXON Platform
Axon is its AppLovin's mobile marketing platform that provides various tools to app developers to optimize and grow its business. Its key features include ad automation and user acquisition through targeted data-driven marketing campaigns through various ad networks.
It offers creation tools that enable developers to custom creative design and optimize their landing page. Its performance analytics uses robust data to generate insights on the performance of user acquisition, engagement, and monetization metrics. The Company plans to release AXON 2 powered by AI technology in 2023. It is extending its marketing solutions to the connected TV space, which has a more extensive and faster-growing advertising market than mobile gaming.
Revenues Revving Back Up
On Feb. 8, 2023, Applovin released its fiscal fourth-quarter 2022 results for the quarter that ended in December 2022. The Company reported an earnings-per-share (EPS) loss of $0.21, missing consensus analyst estimates by $0.26. Revenues fell 11.5% year-over-year (YoY) to $702.31 million, beating analyst estimates of $690.38 million.
Adjusted EBITDA grew 17% YoY to $259.6 million. Its Software Platform grew 24% YoY with 60% EBITDA margins to $306 million, while its Apps segment saw a 28% drop to $396 million. While revenues are down on a YoY quarter basis, the cumulative revenues for the first three quarters of 2022 were up 5.18% to $2.12 billion versus $2 million.
AppLovin CEO Adam Foroughi commented during the conference call, “So what are the business opportunities that we hear are most focused on today? Number one, the advancements in AI technologies have been incredible over the last several years since we released AXON. Well, now we're working on AXON 2.”
He continued, “We're going to use some of these new technologies for release some point in 2023. We believe this new platform and upgrade to our core technology will make an immense impact on our business and for our business partners.”
Raising Guidance
Applovin raised its Q1 revenue to $685 million to $705 million versus $677.13 consensus analyst estimates. The Company expects adjusted EBITDA of $250 million to $270 million. The Software Platform segment
Third-Party Data Restriction Concerns
Before its strong Q3 2022 earning release, Benchmark started coverage on APP shares with a Sell rating and a $7 price target. Analyst Mark Zgutiwicz pointed out the risk of monetization deterioration since the platform doesn't have first-party data. There are concerns that Apple Inc. (NYSE: AAPL) and Google may continue to restrict third-party data access and targeting practices.
Notably, Apple may ban iOS probabilistic/fingerprinting practices in late 2023, and Google may implement a similar Apple Identifier for Advertisers later this year.
Daily Cup and Handle Breakout to Double Top
APP formed the lip line resistance at $14.53 on Dec. 1, 2022, and proceeded to sell off to the low of $9.14 on Dec. 28, 2022. It staged a rally triggering the weekly market structure low (MSL) breakout above $10.91. Shares continued higher to retest and reject the $14.53 lip line on Feb. 2, 2023. Shares pulled back to $12.35 to start forming the handle on the bounce. The daily stochastic fell through the 80-band. Shares gapped on the earnings report on Feb. 9, 2023, to peak at the $17.40 double top level on the heavy volume before pulling back. The pullback support levels are at $14.53 lip line, $13.13 gap fill, $12.35 handle low, $11.76, and $10.91 daily MSL trigger.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There are concerns that Apple Inc. (NYSE: AAPL) and Google may continue to restrict third-party data access and targeting practices. Its core audience is in the video gaming segment, which has been in a slump as normalization continues, but its Software Platform is experiencing growth at a 24% clip. The Software Platform segment Third-Party Data Restriction Concerns Before its strong Q3 2022 earning release, Benchmark started coverage on APP shares with a Sell rating and a $7 price target.
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There are concerns that Apple Inc. (NYSE: AAPL) and Google may continue to restrict third-party data access and targeting practices. It also competes with Alphabet Inc. (NASDAQ: GOOGL) Google AdMob mobile advertising platform, and Meta Platforms Inc. (NASDAQ: META) Facebook Audience Network. AXON Platform Axon is its AppLovin's mobile marketing platform that provides various tools to app developers to optimize and grow its business.
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There are concerns that Apple Inc. (NYSE: AAPL) and Google may continue to restrict third-party data access and targeting practices. Mobile advertising and app monetization platform provider AppLovin Co. (NASDAQ: APP) stock gapped nicely on its Q4 2022 earnings release. AXON Platform Axon is its AppLovin's mobile marketing platform that provides various tools to app developers to optimize and grow its business.
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There are concerns that Apple Inc. (NYSE: AAPL) and Google may continue to restrict third-party data access and targeting practices. It also competes with Alphabet Inc. (NASDAQ: GOOGL) Google AdMob mobile advertising platform, and Meta Platforms Inc. (NASDAQ: META) Facebook Audience Network. AXON Platform Axon is its AppLovin's mobile marketing platform that provides various tools to app developers to optimize and grow its business.
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17108.0
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2023-02-14 00:00:00 UTC
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US STOCKS-Futures edge higher ahead of consumer inflation data
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-edge-higher-ahead-of-consumer-inflation-data
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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.
Futures up: Dow 0.11%, S&P 0.25%, Nasdaq 0.41%
Feb 14 (Reuters) - U.S. stock index futures edged higher on Tuesday ahead of January consumer inflation data that could offer investors further clues on how long the Federal Reserve will stick to its hawkish monetary policy.
The Labor Department report, due at 8:30 a.m. ET, is expected to show consumer prices climbed 0.5% in January, on a month-over-month basis following a 0.1% rise in December. However, on a year-on-year basis inflation is expected to have eased to 6.2% last month from a 6.5% rise in December.
Markets have had an upbeat start to this year, driven by a renewed interest in growth stocks that were left battered in 2022 as the Fed worked to bring steep prices under control.
However, the rally has stalled recently as signs of a still-tight labor market and hawkish commentary from Federal Reserve policymakers gave way to expectations of the U.S. central bank staying hawkish throughout the year.
A Reuters poll showed that a majority of economists see two more rate hikes in March and May with no cuts by year-end, bringing the majority of private-sector forecasters in line with the central bank's own projections and rhetoric.
Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.18% by July. 0#FEDWATCH
The yield on the U.S. 10-year Treasury notes US10YT=RR slipped from six-week highs hit in the previous session. US/
Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O rose between 0.1% and 1.3% before the opening bell.
At 7:22 a.m. ET, Dow e-minis 1YMcv1 were up 38 points, or 0.11%, S&P 500 e-minis EScv1 were up 10.5 points, or 0.25%, and Nasdaq 100 e-minis NQcv1 were up 51 points, or 0.41%.
Coca-Cola Co KO.N rose 0.8% after its strong full-year profit forecast as the soda maker bets on resilient demand despite multiple price hikes.
Marriott International Inc MAR.O added 1.5% as the U.S.-based hotel operator reported a surge in fourth-quarter earnings as it benefited from strong travel demand.
Nearly 69% of more than half of the S&P 500 firms that have reported results have beaten profit expectations, as per Refinitiv on Friday. However, analysts expect fourth-quarter earnings to fall 2.8% from a year earlier.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)
((johann.mcherian@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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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O rose between 0.1% and 1.3% before the opening bell. Markets have had an upbeat start to this year, driven by a renewed interest in growth stocks that were left battered in 2022 as the Fed worked to bring steep prices under control. Coca-Cola Co KO.N rose 0.8% after its strong full-year profit forecast as the soda maker bets on resilient demand despite multiple price hikes.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O rose between 0.1% and 1.3% before the opening bell. ET, is expected to show consumer prices climbed 0.5% in January, on a month-over-month basis following a 0.1% rise in December. Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.18% by July.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O rose between 0.1% and 1.3% before the opening bell. Futures up: Dow 0.11%, S&P 0.25%, Nasdaq 0.41% Feb 14 (Reuters) - U.S. stock index futures edged higher on Tuesday ahead of January consumer inflation data that could offer investors further clues on how long the Federal Reserve will stick to its hawkish monetary policy. However, the rally has stalled recently as signs of a still-tight labor market and hawkish commentary from Federal Reserve policymakers gave way to expectations of the U.S. central bank staying hawkish throughout the year.
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US/ Megacap growth stocks such as Tesla Inc TSLA.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O rose between 0.1% and 1.3% before the opening bell. ET, is expected to show consumer prices climbed 0.5% in January, on a month-over-month basis following a 0.1% rise in December. Money market traders have priced in at least two more 25 basis point rate hikes this year and see interest rates peaking at 5.18% by July.
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17109.0
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2023-02-14 00:00:00 UTC
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This Semiconductor Stock Has Too Much Dependency on Apple -- Is It Time to Sell?
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AAPL
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https://www.nasdaq.com/articles/this-semiconductor-stock-has-too-much-dependency-on-apple-is-it-time-to-sell
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nan
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In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Skyworks (NASDAQ: SWKS) and how it plans to shift its business away from its top customer Apple (NASDAQ: AAPL). Unfortunately, this shift is weakening Skyworks' balance sheet. 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 Feb. 10, 2023. The video was published on Feb. 13, 2023.
10 stocks we like better than Skyworks Solutions
When our award-winning 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 Skyworks Solutions 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 February 8, 2023
Billy Duberstein has positions in Apple. Jose Najarro has no position in any of the stocks mentioned. Nicholas Rossolillo has positions in Apple and Skyworks Solutions. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Skyworks Solutions and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on 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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In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Skyworks (NASDAQ: SWKS) and how it plans to shift its business away from its top customer Apple (NASDAQ: AAPL). 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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In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Skyworks (NASDAQ: SWKS) and how it plans to shift its business away from its top customer Apple (NASDAQ: AAPL). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends Skyworks Solutions and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Skyworks (NASDAQ: SWKS) and how it plans to shift its business away from its top customer Apple (NASDAQ: AAPL). See the 10 stocks *Stock Advisor returns as of February 8, 2023 Billy Duberstein has positions in Apple. The Motley Fool recommends Skyworks Solutions and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Skyworks (NASDAQ: SWKS) and how it plans to shift its business away from its top customer Apple (NASDAQ: AAPL). Check out the short video to learn more, consider subscribing, and click the special offer link below. Nicholas Rossolillo has positions in Apple and Skyworks Solutions.
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17110.0
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2023-02-14 00:00:00 UTC
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Best Dow Stocks To Buy Today? 3 For Your List
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AAPL
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https://www.nasdaq.com/articles/best-dow-stocks-to-buy-today-3-for-your-list
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nan
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nan
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The Dow Jones Industrial Average, commonly referred to as the “Dow,” is a widely followed index of 30 large publicly traded companies in the United States. It is one of the oldest and most widely recognized stock market indices in the world. And as a result, is often used as a barometer of the overall health of the U.S. stock market. The Dow is comprised of a diverse range of companies, including well-known names such as Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), and JPMorgan Chase & Co. (NYSE: JPM) to name a few.
Investing in Dow stocks can be an effective way for investors to gain exposure to a range of top-performing companies in a variety of industries. By investing in a diversified basket of Dow stocks, investors can reduce the risk associated with investing in a single stock, and can potentially benefit from the collective performance of the index. Additionally, investing in Dow stocks can provide investors with a simple and straightforward way to track the performance of the U.S. stock market.
However, it is important for investors to keep in mind that investing in the Dow or in individual Dow stocks does not guarantee returns and can involve a significant amount of risk. As with any investment, it is important to carefully consider an investor’s goals, risk tolerance, and investment time horizon before making any investment decisions. Keeping this all in mind, check out these dow jones stocks for your stock market watchlist today.
Dow 30 Stocks To Watch In February 2023
Goldman Sachs Group Inc. (NYSE: GS)
The Boeing Company (NYSE: BA)
Salesforce Inc. (NYSE: CRM)
Goldman Sachs Group (GS Stock)
Leading off, Goldman Sachs Group Inc. (GS) is a leading multinational investment bank and financial services company. The company provides a wide range of services including investment banking, securities, and wealth management services to individuals, corporations, and governments worldwide.
Just last month, Goldman Sachs announced its fourth-quarter 2022 financial and operating results. In the report, the company posted Q4 2022 earnings per share of $3.32, along with revenue of $20.9 billion. What’s more, the company reported that its revenue increased by 51.1% versus the same period, the previous year.
Looking at the last month of trading action, shares of GS stock have advanced by 6.15%. Meanwhile, as of Tuesday’s lunchtime trading, GS stock is trading lower on the day by 0.74% at $371.27 a share.
Source: TD Ameritrade TOS
[Read More] 3 E-Commerce Stocks To Watch In February 2023
Boeing Company (BA Stock)
Next, The Boeing Company (BA) is one of the largest aerospace and defense companies in the world. The company engages in the manufacturing of commercial and military aircraft, as well as space and security systems.
Late last month, Boeing reported its 4th quarter 2022 financial results. Getting straight to it, the company showed a loss of $1.75 per share on revenue of $20 billion. The expected earnings were $0.05 per share based on revenue of $20 billion. Though, revenue was 35.1% higher than in the same quarter the previous year.
Year-to-date shares of BA stock have jumped by 11.30% so far. While, during Tuesday’s early afternoon trading session, Boeing stock is trading higher on the day by 0.82% at $217.42 a share.
Source: TD Ameritrade TOS
[Read More] 3 Copper Mining Stocks To Watch In February 2023
Salesforce (CRM Stock)
Last but not least, Salesforce Inc. (CRM) is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing solutions. The company’s flagship product is its CRM platform, which offers a wide range of tools and services to help businesses manage their customer interactions and relationships.
Earlier, this month Salesforce announced that it will be reporting its fourth-quarter and full-year fiscal 2023 financial results. In detail, the company will release the results after the market closes on March 1, 2023. For a quick refresher, in Q3 2023 CRM posted a beat notching in an EPS of $1.35 per share, on revenue of $7.8 billion.
So far in 2023, Salesforce stock has rebounded by 25.35% YTD. Additionally, during Tuesday’s lunchtime trading action, shares of CRM stock are down 1.03% on the day at $169.01 a share.
Source: TD Ameritrade TOS
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Dow is comprised of a diverse range of companies, including well-known names such as Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), and JPMorgan Chase & Co. (NYSE: JPM) to name a few. Investing in Dow stocks can be an effective way for investors to gain exposure to a range of top-performing companies in a variety of industries. The company’s flagship product is its CRM platform, which offers a wide range of tools and services to help businesses manage their customer interactions and relationships.
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The Dow is comprised of a diverse range of companies, including well-known names such as Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), and JPMorgan Chase & Co. (NYSE: JPM) to name a few. Dow 30 Stocks To Watch In February 2023 Goldman Sachs Group Inc. (NYSE: GS) The Boeing Company (NYSE: BA) Salesforce Inc. (NYSE: CRM) Goldman Sachs Group (GS Stock) Leading off, Goldman Sachs Group Inc. (GS) is a leading multinational investment bank and financial services company. Source: TD Ameritrade TOS [Read More] 3 E-Commerce Stocks To Watch In February 2023 Boeing Company (BA Stock) Next, The Boeing Company (BA) is one of the largest aerospace and defense companies in the world.
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The Dow is comprised of a diverse range of companies, including well-known names such as Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), and JPMorgan Chase & Co. (NYSE: JPM) to name a few. Dow 30 Stocks To Watch In February 2023 Goldman Sachs Group Inc. (NYSE: GS) The Boeing Company (NYSE: BA) Salesforce Inc. (NYSE: CRM) Goldman Sachs Group (GS Stock) Leading off, Goldman Sachs Group Inc. (GS) is a leading multinational investment bank and financial services company. Source: TD Ameritrade TOS [Read More] 3 E-Commerce Stocks To Watch In February 2023 Boeing Company (BA Stock) Next, The Boeing Company (BA) is one of the largest aerospace and defense companies in the world.
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The Dow is comprised of a diverse range of companies, including well-known names such as Apple (NASDAQ: AAPL), Coca-Cola (NYSE: KO), and JPMorgan Chase & Co. (NYSE: JPM) to name a few. Dow 30 Stocks To Watch In February 2023 Goldman Sachs Group Inc. (NYSE: GS) The Boeing Company (NYSE: BA) Salesforce Inc. (NYSE: CRM) Goldman Sachs Group (GS Stock) Leading off, Goldman Sachs Group Inc. (GS) is a leading multinational investment bank and financial services company. In the report, the company posted Q4 2022 earnings per share of $3.32, along with revenue of $20.9 billion.
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17111.0
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2023-02-13 00:00:00 UTC
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Validea Daily Guru Fundamental Report for AAPL - 2/13/2023
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AAPL
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https://www.nasdaq.com/articles/validea-daily-guru-fundamental-report-for-aapl-2-13-2023
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nan
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nan
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Below is Validea's daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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.
Company Description: Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company's products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.
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
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.
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 daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis 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 daily guru fundamental report for APPLE INC (AAPL). Of the twelve guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett.
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Of the twelve 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 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 daily guru fundamental report for APPLE INC (AAPL).
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Below is Validea's daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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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17112.0
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2023-02-13 00:00:00 UTC
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Why Apple Stock Inched Up by Nearly 2% Today
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AAPL
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https://www.nasdaq.com/articles/why-apple-stock-inched-up-by-nearly-2-today
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nan
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nan
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What happened
Shares of Apple (NASDAQ: AAPL), which have been in recovery mode so far this year following a dismal 2022 for tech stocks, received another boost on Monday. The tech stock rose by almost 2% on the day, edging past the 1.1% gain of the bellwether S&P 500 index. Investors were cheered by the company's apparently feisty stance on an upcoming regulatory hearing.
So what
Citing unnamed "people familiar with the matter," Reuters reported that Apple will seek to convince the European Union's (EU) antitrust authority that it does not engage in anticompetitive practices.
The company is being accused by the European Commission (EC), the economic bloc's administrative arm and frequent regulatory authority, of such conduct in regards to mobile wallets. Some have accused the company of blocking rival software developers' wallets from access to its popular line of mobile devices.
This allegation was leveled by the EC in May 2022. The regulator is scheduled to hold a closed hearing on Tuesday with company officials to discuss it.
Much is at stake in this dispute. If the EC finds Apple guilty, the American tech company could be fined up to 10% of its global turnover; its most recent annual sales figure is $394 billion.
Now what
In contrast to fellow U.S. tech behemoth Microsoft, which has used conciliatory language in its efforts to push through a proposed buyout of video game developer and publisher Activision Blizzard, Apple is holding firm on its stance that it is conducting itself properly.
As for the Apple Pay service that is at the heart of the controversy, the company said last year that it "is only one of many options available to European consumers for making payments ... ."
10 stocks we like better than Apple
When our award-winning 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 February 8, 2023
Eric Volkman has positions in Apple. The Motley Fool has positions in and recommends Activision Blizzard, Apple, and Microsoft. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Apple (NASDAQ: AAPL), which have been in recovery mode so far this year following a dismal 2022 for tech stocks, received another boost on Monday. So what Citing unnamed "people familiar with the matter," Reuters reported that Apple will seek to convince the European Union's (EU) antitrust authority that it does not engage in anticompetitive practices. The company is being accused by the European Commission (EC), the economic bloc's administrative arm and frequent regulatory authority, of such conduct in regards to mobile wallets.
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What happened Shares of Apple (NASDAQ: AAPL), which have been in recovery mode so far this year following a dismal 2022 for tech stocks, received another boost on Monday. 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 Activision Blizzard, Apple, and Microsoft.
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What happened Shares of Apple (NASDAQ: AAPL), which have been in recovery mode so far this year following a dismal 2022 for tech stocks, received another boost on Monday. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Eric Volkman has positions in Apple.
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What happened Shares of Apple (NASDAQ: AAPL), which have been in recovery mode so far this year following a dismal 2022 for tech stocks, received another boost on Monday. Investors were cheered by the company's apparently feisty stance on an upcoming regulatory hearing. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen.
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17113.0
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2023-02-13 00:00:00 UTC
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1 Billion Reasons to Love Apple Stock
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AAPL
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https://www.nasdaq.com/articles/1-billion-reasons-to-love-apple-stock
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nan
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nan
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As Apple (NASDAQ: AAPL) approaches 1 billion subscriptions, it gives investors more reason to be bullish on the stock. This video will highlight what the historic achievement means to Apple stock investors.
*Stock prices used were the afternoon prices of Feb. 11, 2023. The video was published on Feb. 13, 2023.
10 stocks we like better than Apple
When our award-winning 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 February 8, 2023
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. 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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As Apple (NASDAQ: AAPL) approaches 1 billion subscriptions, it gives investors more reason to be bullish on the stock. This video will highlight what the historic achievement means to Apple stock investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
As Apple (NASDAQ: AAPL) approaches 1 billion subscriptions, it gives investors more reason to be bullish on the stock. 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 Apple.
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As Apple (NASDAQ: AAPL) approaches 1 billion subscriptions, it gives investors more reason to be bullish on the stock. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Parkev Tatevosian, CFA has positions in Apple.
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As Apple (NASDAQ: AAPL) approaches 1 billion subscriptions, it gives investors more reason to be bullish on the stock. This video will highlight what the historic achievement means to Apple stock investors. * 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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17114.0
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2023-02-13 00:00:00 UTC
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After Hours Most Active for Feb 13, 2023 : PLTR, AEHA, AMD, BEKE, AMZN, AAPL, CSCO, INTC, BAC, IBN, VZ, T
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-13-2023-%3A-pltr-aeha-amd-beke-amzn-aapl-csco-intc-bac-ibn
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.5 to 12,501.81. The total After hours volume is currently 96,043,499 shares traded.
The following are the most active stocks for the after hours session:
Palantir Technologies Inc. (PLTR) is +1.5 at $9.11, with 13,709,591 shares traded. Smarter Analyst Reports: Thursday’s Pre-Market: Here’s What You Need to Know Before the Markets Opens
Aesther Healthcare Acquisition Corp (AEHA) is +1.09 at $10.65, with 3,581,473 shares traded.
Advanced Micro Devices, Inc. (AMD) is -0.07 at $83.06, with 3,531,021 shares traded. As reported by Zacks, the current mean recommendation for AMD is in the "buy range".
KE Holdings Inc (BEKE) is unchanged at $20.30, with 3,442,620 shares traded. As reported by Zacks, the current mean recommendation for BEKE is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.09 at $99.45, with 3,280,155 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.29. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
Apple Inc. (AAPL) is -0.06 at $153.79, with 2,813,443 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Cisco Systems, Inc. (CSCO) is -0.07 at $47.79, with 2,669,270 shares traded.CSCO is scheduled to provide an earnings report on 2/15/2023, for the fiscal quarter ending Jan2023. The consensus earnings per share forecast is 0.76 per share, which represents a 77 percent increase over the EPS one Year Ago
Intel Corporation (INTC) is -0.02 at $28.53, with 2,534,342 shares traded. INTC's current last sale is 101.89% of the target price of $28.
Bank of America Corporation (BAC) is -0.02 at $35.63, with 1,877,317 shares traded. BAC's current last sale is 93.76% of the target price of $38.
ICICI Bank Limited (IBN) is unchanged at $20.67, with 1,323,877 shares traded. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range".
Verizon Communications Inc. (VZ) is unchanged at $40.32, with 1,321,143 shares traded. VZ's current last sale is 89.6% of the target price of $45.
AT&T Inc. (T) is +0.01 at $19.27, with 1,312,577 shares traded. T's current last sale is 85.64% of the target price of $22.5.
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 Inc. (AAPL) is -0.06 at $153.79, with 2,813,443 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023.
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Apple Inc. (AAPL) is -0.06 at $153.79, with 2,813,443 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". As reported by Zacks, the current mean recommendation for AMD is in the "buy range".
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Apple Inc. (AAPL) is -0.06 at $153.79, with 2,813,443 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total After hours volume is currently 96,043,499 shares traded.
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Apple Inc. (AAPL) is -0.06 at $153.79, with 2,813,443 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 -.5 to 12,501.81.
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17115.0
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2023-02-13 00:00:00 UTC
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US STOCKS-Wall Street ends sharply higher as investors eye inflation data
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-sharply-higher-as-investors-eye-inflation-data
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nan
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nan
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By Noel Randewich
Feb 13 (Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs.
MetaMETA.O jumped about 3% after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.
Microsoft MSFT.O rose more than 3%, Nvidia NVDA.O gained 2.5%, and Apple AAPL.O and Amazon AMZN.O each rose over 1%. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&P 500's gains during a trading session that saw light volume.
Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
"Today is just a natural reaction in the opposite direction after we've seen very heavy selling pressure," said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.
Ten of the 11 S&P 500 sector indexes rose, led by information technology .SPLRCT, up 1.77%, followed by a 1.46% gain in consumer discretionary .SPLRCD. The energy index .SPNY dipped 0.6%.
The S&P 500 climbed 1.15% to end the session at 4,137.32 points.
The Nasdaq gained 1.48% to 11,891.79 points, while the Dow Jones Industrial Average rose 1.11% to 34,246.13 points.
However, volume on U.S. exchanges was relatively light, with 9.5 billion shares traded, compared to an average of 11.9 billion shares over the previous 20 sessions.
So far in this year, the S&P 500 has gained about 8%, and the index remains down about 14% from its record high close in January 2022.
Fidelity National Information Services IncFIS.N plunged 12.5% following the banking and payments processing conglomerate's decision to spin off its merchant payments business.
Coca-Cola KO.Nrose 1.6% ahead of its quarterly report due out early on Tuesday.
As U.S. quarterly earnings reports wind down, 69% of the S&P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data. Analysts expect December-quarter earnings to have fallen nearly 3% from a year earlier.
Across the U.S. stock market .AD.US, advancing stocks outnumbered falling ones by a 2.5-to-one ratio.
The S&P 500 posted four new highs and no new lows; the Nasdaq recorded 80 new highs and 59 new lows.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel, Sriraj Kalluvila, Shinjini Ganguli and Deepa Babington)
((johann.mcherian@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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Microsoft MSFT.O rose more than 3%, Nvidia NVDA.O gained 2.5%, and Apple AAPL.O and Amazon AMZN.O each rose over 1%. By Noel Randewich Feb 13 (Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
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Microsoft MSFT.O rose more than 3%, Nvidia NVDA.O gained 2.5%, and Apple AAPL.O and Amazon AMZN.O each rose over 1%. By Noel Randewich Feb 13 (Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
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Microsoft MSFT.O rose more than 3%, Nvidia NVDA.O gained 2.5%, and Apple AAPL.O and Amazon AMZN.O each rose over 1%. By Noel Randewich Feb 13 (Reuters) - Wall Street closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
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Microsoft MSFT.O rose more than 3%, Nvidia NVDA.O gained 2.5%, and Apple AAPL.O and Amazon AMZN.O each rose over 1%. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&P 500's gains during a trading session that saw light volume. Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
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17116.0
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2023-02-13 00:00:00 UTC
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US STOCKS-Wall Street ends higher as investors eye inflation data
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-higher-as-investors-eye-inflation-data
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nan
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nan
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By Noel Randewich
Feb 13 (Reuters) - Wall Street closed higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs.
MetaMETA.O jumped after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.
Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O and Amazon AMZN.O also gained. Along with Meta, those tech-related heavyweights contributed more than any other stocks to the S&P 500's gains for the session.
Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
"Today is just a natural reaction in the opposite direction after we've seen very heavy selling pressure," said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.
According to preliminary data, the S&P 500 .SPX gained 46.50 points, or 1.15%, to end at 4,137.48 points, while the Nasdaq Composite .IXIC gained 174.12 points, or 1.49%, to 11,892.24. The Dow Jones Industrial Average .DJI rose 374.45 points, or 1.11%, to 34,243.72.
So far in this year, the S&P 500 has gained about 8%, and the index remains down about 14% from its record high close in January 2022.
Fidelity National Information Services IncFIS.N plunged following the banking and payments processing conglomerate's decision to spin off its merchant payments business.
Coca-Cola KO.N rose ahead of its quarterly report due out early on Tuesday.
As U.S. quarterly earnings reports wind down, 69% of the S&P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data. Analysts expect December-quarter earnings to have fallen nearly 3% from a year earlier.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel, Sriraj Kalluvila, Shinjini Ganguli and Deepa Babington)
((johann.mcherian@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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Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O and Amazon AMZN.O also gained. By Noel Randewich Feb 13 (Reuters) - Wall Street closed higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
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Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O and Amazon AMZN.O also gained. By Noel Randewich Feb 13 (Reuters) - Wall Street closed higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
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Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O and Amazon AMZN.O also gained. By Noel Randewich Feb 13 (Reuters) - Wall Street closed higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. According to preliminary data, the S&P 500 .SPX gained 46.50 points, or 1.15%, to end at 4,137.48 points, while the Nasdaq Composite .IXIC gained 174.12 points, or 1.49%, to 11,892.24.
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Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O and Amazon AMZN.O also gained. Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path. Coca-Cola KO.N rose ahead of its quarterly report due out early on Tuesday.
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17117.0
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2023-02-13 00:00:00 UTC
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U.S. companies face more pain as expected ‘earnings recession’ looms
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AAPL
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https://www.nasdaq.com/articles/u.s.-companies-face-more-pain-as-expected-earnings-recession-looms
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nan
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By Caroline Valetkevitch
NEW YORK, Feb 13 (Reuters) - U.S. companies' earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt results in the first half of this year.
Expectations for U.S. earnings to decline in the first and second quarter come amid weaker-than-expected fourth-quarter results for 2022, which Credit Suisse estimates will be the worst earnings season outside of a recession in 24 years.
With fourth-quarter 2022 earnings estimated to have fallen from a year ago, a subsequent decline in the first quarter of 2023 would put the S&P 500 into a so-called earnings recession, a back-to-back decline in earnings that hasn't occurred since COVID-19 blasted corporate results in 2020.
Fourth-quarter results are in already from 344 of the S&P 500 companies, and the quarter's earnings are estimated at this point to have fallen 2.8% from the year-ago period, according to IBES data from Refinitiv.
Most strategists expect little improvement for the season, and analysts now forecast S&P 500 earnings falling 3.7% year-over-year in the first quarter of 2023 and 3.1% for the second quarter.
"What's clear is the speed with which the 2023 numbers are falling is just worse than (usual)," said Jonathan Golub, chief U.S. equity strategist & head of quantitative research at Credit Suisse Securities in New York.
The darkening earnings picture bolsters the case for investors who believe the stock market's early-year rally is unlikely to last, adding to worries over how high the Federal Reserve will need to take interest rates in its fight to keep inflation on an easing trajectory.
The S&P 500 notched its biggest percentage weekly decline since mid-December last week, though the index is up about 7% for the year to date.
Recent results and guidance from some of the most heavily weighted names in the tech-related space like Alphabet GOOGL.O, Amazon.com AMZN.O and Apple AAPL.O have been among the most memorable disappointments this earnings season.
Golub and other strategists say a tight labor market that is pressuring margins for companies as a key reason for the decline in earnings, and expect these costs to remain stickier than other pressures.
The recent blowout U.S. jobs report for January, which showed job growth accelerating and the lowest unemployment rate in 53 and a half years, has bolstered that view, while also stirring worries that strong job growth could lead to more rate increases from the Federal Reserve.
The central bank last year embarked on its most aggressive policy tightening since the 1980s in response to soaring inflation.
"If you look at revenues, they're coming in fine," Golub said. "So you say, well, then what's the problem? Margins are collapsing from really high levels."
(Reporting by Caroline Valetkevitch; Editing by Ira Iosebashvili and Deepa Babington)
((caroline.valetkevitch@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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Recent results and guidance from some of the most heavily weighted names in the tech-related space like Alphabet GOOGL.O, Amazon.com AMZN.O and Apple AAPL.O have been among the most memorable disappointments this earnings season. By Caroline Valetkevitch NEW YORK, Feb 13 (Reuters) - U.S. companies' earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt results in the first half of this year. "What's clear is the speed with which the 2023 numbers are falling is just worse than (usual)," said Jonathan Golub, chief U.S. equity strategist & head of quantitative research at Credit Suisse Securities in New York.
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Recent results and guidance from some of the most heavily weighted names in the tech-related space like Alphabet GOOGL.O, Amazon.com AMZN.O and Apple AAPL.O have been among the most memorable disappointments this earnings season. Expectations for U.S. earnings to decline in the first and second quarter come amid weaker-than-expected fourth-quarter results for 2022, which Credit Suisse estimates will be the worst earnings season outside of a recession in 24 years. Golub and other strategists say a tight labor market that is pressuring margins for companies as a key reason for the decline in earnings, and expect these costs to remain stickier than other pressures.
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Recent results and guidance from some of the most heavily weighted names in the tech-related space like Alphabet GOOGL.O, Amazon.com AMZN.O and Apple AAPL.O have been among the most memorable disappointments this earnings season. By Caroline Valetkevitch NEW YORK, Feb 13 (Reuters) - U.S. companies' earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt results in the first half of this year. Expectations for U.S. earnings to decline in the first and second quarter come amid weaker-than-expected fourth-quarter results for 2022, which Credit Suisse estimates will be the worst earnings season outside of a recession in 24 years.
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Recent results and guidance from some of the most heavily weighted names in the tech-related space like Alphabet GOOGL.O, Amazon.com AMZN.O and Apple AAPL.O have been among the most memorable disappointments this earnings season. By Caroline Valetkevitch NEW YORK, Feb 13 (Reuters) - U.S. companies' earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market weighing on margins looks set to hurt results in the first half of this year. Expectations for U.S. earnings to decline in the first and second quarter come amid weaker-than-expected fourth-quarter results for 2022, which Credit Suisse estimates will be the worst earnings season outside of a recession in 24 years.
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17118.0
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2023-02-13 00:00:00 UTC
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Wall Street rallies as investors eye inflation data
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AAPL
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https://www.nasdaq.com/articles/wall-street-rallies-as-investors-eye-inflation-data
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nan
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By Johann M Cherian and Noel Randewich
Feb 13 (Reuters) - Wall Street rallied on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report said the Facebook parent was planning fresh layoffs.
Microsoft MSFT.O and Nvidia NVDA.O climbed more than 3%, while Apple AAPL.O and Amazon AMZN.O were each up more than 1%. Those four tech-related heavyweights contributed more than any other stocks to the S&P 500's gains for the session.
Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
Investors are laser-focused on January inflation data due on Tuesday to reassess their bets on the central bank's monetary policy path.
Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
"Today is just a natural reaction in the opposite direction after we've seen very heavy selling pressure," said Keith Buchanan, said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta.
MetaMETA.Orose more than 3% after the Financial Times reported on Sunday that the company was preparing to announce a new round of job cuts, adding to layoffs last November.
Of the 11 S&P 500 sector indexes, 10 rose, led by information technology .SPLRCT, up 1.86%, followed by a 1.43% gain in consumer discretionary .SPLRCD. The energy index .SPNY dipped 0.3%.
In afternoon trading, the S&P 500 was up 1.05% at 4,133.27 points.
The Nasdaq gained 1.48% to 11,891.06 points, while the Dow Jones Industrial Average was up 0.99% at 34,205.73 points.
Fidelity National Information Services IncFIS.N plunged almost 14% following the banking and payments processing conglomerate's decision to spin off its merchant payments business.
As U.S. quarterly earnings reports wind down, 69% of the S&P 500 firms that have reported results so far have exceeded profit expectations, according to Refinitiv data on Friday. Analysts expect fourth-quarter earnings to fall nearly 3% from a year earlier.
Advancing issues outnumbered falling ones within the S&P 500 .AD.SPX by a 7.5-to-one ratio.
The S&P 500 posted four new highs and no new lows; the Nasdaq recorded 60 new highs and 50 new lows.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel, Sriraj Kalluvila, Shinjini Ganguli and Deepa Babington)
((johann.mcherian@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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Microsoft MSFT.O and Nvidia NVDA.O climbed more than 3%, while Apple AAPL.O and Amazon AMZN.O were each up more than 1%. By Johann M Cherian and Noel Randewich Feb 13 (Reuters) - Wall Street rallied on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report said the Facebook parent was planning fresh layoffs. Helping lift Microsoft, Stifel raised its price target on the software company and said it is clearly looking to upend Alphabet's Google search dominance through its integration with ChatGPT.
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Microsoft MSFT.O and Nvidia NVDA.O climbed more than 3%, while Apple AAPL.O and Amazon AMZN.O were each up more than 1%. By Johann M Cherian and Noel Randewich Feb 13 (Reuters) - Wall Street rallied on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report said the Facebook parent was planning fresh layoffs. Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
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Microsoft MSFT.O and Nvidia NVDA.O climbed more than 3%, while Apple AAPL.O and Amazon AMZN.O were each up more than 1%. By Johann M Cherian and Noel Randewich Feb 13 (Reuters) - Wall Street rallied on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report said the Facebook parent was planning fresh layoffs. Wall Street's main indexes lost ground last week after Federal Reserve Chair Jerome Powell warned that interest rates may need to move higher than expected in the central bank's battle against inflation.
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Microsoft MSFT.O and Nvidia NVDA.O climbed more than 3%, while Apple AAPL.O and Amazon AMZN.O were each up more than 1%. By Johann M Cherian and Noel Randewich Feb 13 (Reuters) - Wall Street rallied on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve's future interest rate hikes, while Meta Platforms gained after a report said the Facebook parent was planning fresh layoffs. Analysts expect fourth-quarter earnings to fall nearly 3% from a year earlier.
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17119.0
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2023-02-13 00:00:00 UTC
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US STOCKS-Wall St climbs higher on lift from battered growth stocks
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-climbs-higher-on-lift-from-battered-growth-stocks
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By Johann M Cherian
Feb 13 (Reuters) - U.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks with a decline in Treasury yields boosting sentiment, while Meta Platforms gained on reports the Facebook parent was planning fresh layoffs.
Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Alphabet Inc GOOGL.O, and Microsoft Corp MSFT.O added between 0.7% and 3.4%, pushing up the Russell 1000 Growth sector .RLG by 0.7%.
"(Investors) have been holding back during the regime of rate hikes because they believed it would kill the growth of technology type stocks," said Peter Andersen, founder of Andersen Capital Management.
Andersen added that the Fed is now signaling that its near the end of its tightening cycle, which could provide an added boost to such high-growth firms.
All U.S. indexes clocked their worst declines last year since the financial crisis of 2008, led by a 33% slump in the tech-heavy Nasdaq .IXIC, on fears that the Federal Reserve would tip the economy into a recession with its hawkish monetary policy.
While money markets are expecting rates to peak to 5.2% in July, a resilient labor market has lifted hopes of a milder-than-expected recession. 0#FEDWATCH
Meanwhile, MetaMETA.O rose 1.8% on reports over the weekend that the Facebook parent is preparing to announce a fresh round of job cuts, pushing the consumer services sector .SPLRCL 0.3% higher.
Microsoft added 3.4% and was the biggest boost to the blue-chip Dow .DJI after brokerage Stifel said the tech-giant is clearly looking to up-end Alphabet's Google Search dominance through its integration with ChatGPT.
Ten of the 11 major S&P 500 sector were in the black, with the energy sector's .SPNY 1.1% fall making it the sole sector lower as crude oil prices slipped on caution ahead of domestic inflation data. O/R
Markets now await January inflation on Tuesday and retail sales data later in the week to reassess their bets on the central bank's monetary policy path.
At 10:12 a.m. ET, the Dow Jones Industrial Average .DJI was up 196.57 points, or 0.58%, at 34,065.84, the S&P 500 .SPX was up 21.17 points, or 0.52%, at 4,111.63, and the Nasdaq Composite .IXIC was up 75.59 points, or 0.65%, at 11,793.71.
Further buoying gains in megacap names was declining yields on the U.S. 10-year Treasury note US10YT=RR after hitting a fresh six-week high earlier in the day. US/
A fall in Treasury note yields indicate traders expect greater return from investments in risky assets.
Fidelity National Information Services IncFIS.N plunged 15.4% following its decision to spin off its merchant payments business.
Advancing issues outnumbered decliners by a 2.26-to-1 ratio on the NYSE and by a 1.31-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 39 new highs and 41 new lows.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel and Sriraj Kalluvila)
((johann.mcherian@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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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Alphabet Inc GOOGL.O, and Microsoft Corp MSFT.O added between 0.7% and 3.4%, pushing up the Russell 1000 Growth sector .RLG by 0.7%. All U.S. indexes clocked their worst declines last year since the financial crisis of 2008, led by a 33% slump in the tech-heavy Nasdaq .IXIC, on fears that the Federal Reserve would tip the economy into a recession with its hawkish monetary policy. 0#FEDWATCH Meanwhile, MetaMETA.O rose 1.8% on reports over the weekend that the Facebook parent is preparing to announce a fresh round of job cuts, pushing the consumer services sector .SPLRCL 0.3% higher.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Alphabet Inc GOOGL.O, and Microsoft Corp MSFT.O added between 0.7% and 3.4%, pushing up the Russell 1000 Growth sector .RLG by 0.7%. By Johann M Cherian Feb 13 (Reuters) - U.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks with a decline in Treasury yields boosting sentiment, while Meta Platforms gained on reports the Facebook parent was planning fresh layoffs. Further buoying gains in megacap names was declining yields on the U.S. 10-year Treasury note US10YT=RR after hitting a fresh six-week high earlier in the day.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Alphabet Inc GOOGL.O, and Microsoft Corp MSFT.O added between 0.7% and 3.4%, pushing up the Russell 1000 Growth sector .RLG by 0.7%. By Johann M Cherian Feb 13 (Reuters) - U.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks with a decline in Treasury yields boosting sentiment, while Meta Platforms gained on reports the Facebook parent was planning fresh layoffs. All U.S. indexes clocked their worst declines last year since the financial crisis of 2008, led by a 33% slump in the tech-heavy Nasdaq .IXIC, on fears that the Federal Reserve would tip the economy into a recession with its hawkish monetary policy.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Alphabet Inc GOOGL.O, and Microsoft Corp MSFT.O added between 0.7% and 3.4%, pushing up the Russell 1000 Growth sector .RLG by 0.7%. By Johann M Cherian Feb 13 (Reuters) - U.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks with a decline in Treasury yields boosting sentiment, while Meta Platforms gained on reports the Facebook parent was planning fresh layoffs. Further buoying gains in megacap names was declining yields on the U.S. 10-year Treasury note US10YT=RR after hitting a fresh six-week high earlier in the day.
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17120.0
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2023-02-13 00:00:00 UTC
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2 Chip Stocks That Could Win Big From the Space Economy
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AAPL
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https://www.nasdaq.com/articles/2-chip-stocks-that-could-win-big-from-the-space-economy
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nan
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In today's video, Jose Najarro and Nick Rossolillo discuss a few tailwinds for the emerging satellite industry and why companies like Qualcomm (NASDAQ: QCOM), Apple (NASDAQ: AAPL), Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Iridium (NASDAQ: IRDM) could benefit. Out of the list, Nick believes two have a better chance of success. 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 February 8, 2023. The video was published on February 9, 2023.
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Jose Najarro has positions in Advanced Micro Devices and Qualcomm. Nicholas Rossolillo has positions in Advanced Micro Devices, Apple, Broadcom, and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Qualcomm. The Motley Fool recommends Broadcom and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on 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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In today's video, Jose Najarro and Nick Rossolillo discuss a few tailwinds for the emerging satellite industry and why companies like Qualcomm (NASDAQ: QCOM), Apple (NASDAQ: AAPL), Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Iridium (NASDAQ: IRDM) could benefit. Check out the short video to learn more, consider subscribing, and click the special offer link below. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them!
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In today's video, Jose Najarro and Nick Rossolillo discuss a few tailwinds for the emerging satellite industry and why companies like Qualcomm (NASDAQ: QCOM), Apple (NASDAQ: AAPL), Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Iridium (NASDAQ: IRDM) could benefit. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Jose Najarro has positions in Advanced Micro Devices and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Qualcomm.
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In today's video, Jose Najarro and Nick Rossolillo discuss a few tailwinds for the emerging satellite industry and why companies like Qualcomm (NASDAQ: QCOM), Apple (NASDAQ: AAPL), Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Iridium (NASDAQ: IRDM) could benefit. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Jose Najarro has positions in Advanced Micro Devices and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Qualcomm.
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In today's video, Jose Najarro and Nick Rossolillo discuss a few tailwinds for the emerging satellite industry and why companies like Qualcomm (NASDAQ: QCOM), Apple (NASDAQ: AAPL), Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Iridium (NASDAQ: IRDM) could benefit. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Jose Najarro has positions in Advanced Micro Devices and Qualcomm. Nicholas Rossolillo has positions in Advanced Micro Devices, Apple, Broadcom, and Qualcomm.
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17121.0
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2023-02-13 00:00:00 UTC
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History Suggests the Nasdaq Could Soar in 2023: 3 Trillion-Dollar Growth Stocks to Buy If It Does
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AAPL
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https://www.nasdaq.com/articles/history-suggests-the-nasdaq-could-soar-in-2023%3A-3-trillion-dollar-growth-stocks-to-buy-if
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nan
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nan
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The Nasdaq-100 index is home to 100 of the most prominent technology companies listed on the Nasdaq exchange. The index had a miserable year in 2022 with a decline of 33%, but history suggests investors should ditch the pessimism in 2023.
That's because the Nasdaq-100 has fallen in consecutive years on only one occasion in its 37-year history, and that was during the dot-com bust between 2000 and 2002.
Every other time that the index generated a negative annual return, it bounced back the very next year with an average gain of 52%! Since it has already climbed 13% in 2023 so far, history might be set to repeat itself.
The following three stocks are part of the trillion-dollar club -- each has a market capitalization exceeding $1 trillion -- and here's why they could be among the biggest winners if the Nasdaq-100 soars in 2023.
1. Alphabet could see its ad business recover
Soaring inflation is the core reason the Nasdaq-100 plunged last year. The price shocks crushed consumers' spending power, not to mention prompting the fastest increase in interest rates in history. Businesses adopted defensive positions, which led to growth concerns.
A pullback in business spending dealt a direct blow to Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) because platforms like its Google Search and YouTube rely on advertising to generate revenue. Thankfully, there are signs inflation has peaked, which could result in a more favorable environment overall for the company's core business.
Alphabet has an exciting 2023 ahead, particularly for YouTube thanks to surging uptake for its Shorts format, which was developed to compete with ByteDance's TikTok, the short-form video king.
YouTube Shorts were generating 50 billion views per day at the end of 2022, up from 30 billion at the start of the year. Monetization is the next frontier, and the company says it's working on a series of initiatives to share revenue with creators and attract businesses.
Then there's artificial intelligence (AI). This could be a breakout year for the technology, and Alphabet has outlined three areas it will be tackling: language models for purposes like improving Google Search, development tools for third parties to create their own AI applications, and cloud services to help businesses harness the power of AI. Combined, these could present trillions of dollars in opportunities for the company in the coming decade.
Alphabet stock trades at a price-to-earnings (P/E) ratio of just 20.8 at the moment, which is 14% cheaper than the 24.3 P/E of the Nasdaq-100. It implies Alphabet will have to jump almost 17% just to trade in line with its peers in the tech sector, and that's an opportunity for investors.
2. Microsoft gears up for an AI battle
Don't be surprised to hear Wall Street regularly speaking about Microsoft (NASDAQ: MSFT) and Alphabet in the very same breath this year, because the two giants are on a collision course when it comes to AI.
Microsoft just committed to a $10 billion follow-on investment in OpenAI, the creator of conversational platform ChatGPT. It intends to use the technology to transform its Bing search engine, which currently holds aglobal marketshare of just 3% compared to Google's 93%.
The move prompted Alphabet to pull the curtain back on its own AI initiatives recently, including the release of its chatbot called Bard. Alphabet has arguably never seen a threat like this to its monopolistic search business.
Nonetheless, Microsoft had its own challenges last year with inflation. Not only did it hurt sales of the company's Surface brand of notebook computers and its Xbox gaming ecosystem, but a fall in PC sales in general also led to a 39% year-over-year drop in Windows revenue in the fiscal 2023 second quarter (ended Dec. 31). If inflation continues to soften in 2023, expect those businesses to come roaring back.
Microsoft Azure continues to be a bright spot because businesses are still investing in cloud services to reduce costs and create new revenue opportunities. Azure is one of the two largest cloud platforms in the industry, and it's fighting for what could be a $1.5 trillion annual opportunity by 2030, according to Grand View Research.
Between AI and the cloud, Microsoft could be set to add enormous long-term value for investors. Combined with a potential rebound in its consumer segments this year, now looks like a great time to become a Microsoft shareholder.
3. Apple is as good a bet as ever
Apple (NASDAQ: AAPL) and Microsoft were once the fiercest of rivals, but while Microsoft shifted its focus toward cloud services for businesses, Apple remained a quintessential consumer company. It's now the largest company in America, with a $2.4 trillion market capitalization. And it's the largest holding at Warren Buffett's investment firm Berkshire Hathaway -- a strong endorsement from one of the world's greatest investors.
If the Nasdaq-100 index recovers in 2023 on the back of an improving economy, Apple stock could be among the best performers. That's because it draws all of its revenue from consumers, and an uptick in economic growth means they'll be spending more money.
The company just reported results for its fiscal 2023 first quarter (ended Dec. 31), and it was a mixed bag. Hardware cooled in general with a 7.7% drop in revenue year over year, led by a decline in iPhone 14 sales due to production issues in China and broader economic weakness. Apple's installed base hit an all-time high of 2 billion, though, which accounts for all active devices, including iPhones, iPads, Apple Watches, and Macs.
That bodes well for services like Apple Music, Apple News, iCloud, and Apple Pay, because more active devices mean more potential subscribers. So it's no surprise that revenue in the services segment continued to climb in the first quarter.
But this could also be a breakout year for new hardware launches as more companies share their vision for the next generation of digital devices. Apple is rumored to be announcing a headset combining virtual and augmented reality in 2023, which could unlock a new ecosystem and a series of new revenue streams.
Apple stock remains down 16% from its all-time high, so this could be a great opportunity to buy ahead of what could be a much stronger year, especially if history repeats for the Nasdaq-100.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Berkshire Hathaway, and Microsoft. The Motley Fool recommends Nasdaq and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple is as good a bet as ever Apple (NASDAQ: AAPL) and Microsoft were once the fiercest of rivals, but while Microsoft shifted its focus toward cloud services for businesses, Apple remained a quintessential consumer company. Alphabet has an exciting 2023 ahead, particularly for YouTube thanks to surging uptake for its Shorts format, which was developed to compete with ByteDance's TikTok, the short-form video king. The move prompted Alphabet to pull the curtain back on its own AI initiatives recently, including the release of its chatbot called Bard.
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Apple is as good a bet as ever Apple (NASDAQ: AAPL) and Microsoft were once the fiercest of rivals, but while Microsoft shifted its focus toward cloud services for businesses, Apple remained a quintessential consumer company. A pullback in business spending dealt a direct blow to Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) because platforms like its Google Search and YouTube rely on advertising to generate revenue. Hardware cooled in general with a 7.7% drop in revenue year over year, led by a decline in iPhone 14 sales due to production issues in China and broader economic weakness.
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Apple is as good a bet as ever Apple (NASDAQ: AAPL) and Microsoft were once the fiercest of rivals, but while Microsoft shifted its focus toward cloud services for businesses, Apple remained a quintessential consumer company. This could be a breakout year for the technology, and Alphabet has outlined three areas it will be tackling: language models for purposes like improving Google Search, development tools for third parties to create their own AI applications, and cloud services to help businesses harness the power of AI. Microsoft gears up for an AI battle Don't be surprised to hear Wall Street regularly speaking about Microsoft (NASDAQ: MSFT) and Alphabet in the very same breath this year, because the two giants are on a collision course when it comes to AI.
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Apple is as good a bet as ever Apple (NASDAQ: AAPL) and Microsoft were once the fiercest of rivals, but while Microsoft shifted its focus toward cloud services for businesses, Apple remained a quintessential consumer company. YouTube Shorts were generating 50 billion views per day at the end of 2022, up from 30 billion at the start of the year. This could be a breakout year for the technology, and Alphabet has outlined three areas it will be tackling: language models for purposes like improving Google Search, development tools for third parties to create their own AI applications, and cloud services to help businesses harness the power of AI.
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17122.0
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2023-02-13 00:00:00 UTC
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US STOCKS-Nasdaq set for higher open as megacaps rise
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-set-for-higher-open-as-megacaps-rise
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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.)
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Meta climbs on report of more layoffs
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Fidelity National slumps on payments business spinoff
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Novavax rises on report of U.S. government vaccine deal
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Futures: Nasdaq up 0.33%, S&P up 0.09%, Dow flat
(Adds comment; updates prices, details)
By Johann M Cherian
Feb 13 (Reuters) - The Nasdaq index was set to open higher on Monday as beaten-down megacap growth stocks gained, while Meta Platforms climbed on reports of fresh layoffs.
Apple Inc , Amazon.com Inc , Alphabet Inc , Tesla Inc and Microsoft Corp added between 0.1% and 1.1% before the bell.
"(Investors) have been holding back during the regime of rate hikes because they believed it would kill the growth of technology type stocks," said Peter Andersen, founder of Andersen Capital Management.
Andersen added that the Fed is now signaling that its near the end of its tightening cycle, which could provide an added boost to such high-growth firms.
All U.S. indexes clocked their worst declines last year since the financial crisis of 2008, led by a 33% slump in the tech-heavy Nasdaq , on fears that the Federal Reserve would tip the economy into a recession with its hawkish monetary policy.
While money markets are expecting rates to peak at 5.2% in July, a resilient labor market has lifted hopes of a milder-than-expected recession.
Meanwhile, Meta rose 2.2% on reports over the weekend that the Facebook parent is preparing to announce a fresh round of job cuts.
At 8:49 a.m. ET, Dow e-minis were down 14 points, or 0.04%, S&P 500 e-minis were up 3.5 points, or 0.09%, and Nasdaq 100 e-minis were up 40.5 points, or 0.33%.
Defense firms such as Boeing Co , Raytheon Technologies Corp , Lockheed Martin Corp and L3harris Technologies Inc added between 0.2% and 0.8%.
Novavax Inc added 1.8% after the U.S. government agreed to buy 1.5 million more doses of its COVID-19 vaccine.
Fidelity National Information Services Inc plunged 14.6% following its decision to spin off its merchant payments business.
Markets now await January inflation on Tuesday and retail sales data later in the week to reassess their bets on the central bank's monetary policy path.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel and Sriraj Kalluvila) ((johann.mcherian@thomsonreuters.com;)) Keywords: USA STOCKS/ (UPDATE 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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All U.S. indexes clocked their worst declines last year since the financial crisis of 2008, led by a 33% slump in the tech-heavy Nasdaq , on fears that the Federal Reserve would tip the economy into a recession with its hawkish monetary policy. Meanwhile, Meta rose 2.2% on reports over the weekend that the Facebook parent is preparing to announce a fresh round of job cuts. Markets now await January inflation on Tuesday and retail sales data later in the week to reassess their bets on the central bank's monetary policy path.
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* Meta climbs on report of more layoffs * Fidelity National slumps on payments business spinoff * Novavax rises on report of U.S. government vaccine deal * Futures: Nasdaq up 0.33%, S&P up 0.09%, Dow flat (Adds comment; updates prices, details) By Johann M Cherian Feb 13 (Reuters) - The Nasdaq index was set to open higher on Monday as beaten-down megacap growth stocks gained, while Meta Platforms climbed on reports of fresh layoffs. "(Investors) have been holding back during the regime of rate hikes because they believed it would kill the growth of technology type stocks," said Peter Andersen, founder of Andersen Capital Management. ET, Dow e-minis were down 14 points, or 0.04%, S&P 500 e-minis were up 3.5 points, or 0.09%, and Nasdaq 100 e-minis were up 40.5 points, or 0.33%.
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* Meta climbs on report of more layoffs * Fidelity National slumps on payments business spinoff * Novavax rises on report of U.S. government vaccine deal * Futures: Nasdaq up 0.33%, S&P up 0.09%, Dow flat (Adds comment; updates prices, details) By Johann M Cherian Feb 13 (Reuters) - The Nasdaq index was set to open higher on Monday as beaten-down megacap growth stocks gained, while Meta Platforms climbed on reports of fresh layoffs. "(Investors) have been holding back during the regime of rate hikes because they believed it would kill the growth of technology type stocks," said Peter Andersen, founder of Andersen Capital Management. Defense firms such as Boeing Co , Raytheon Technologies Corp , Lockheed Martin Corp and L3harris Technologies Inc added between 0.2% and 0.8%.
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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.) * Meta climbs on report of more layoffs * Fidelity National slumps on payments business spinoff * Novavax rises on report of U.S. government vaccine deal * Futures: Nasdaq up 0.33%, S&P up 0.09%, Dow flat (Adds comment; updates prices, details) By Johann M Cherian Feb 13 (Reuters) - The Nasdaq index was set to open higher on Monday as beaten-down megacap growth stocks gained, while Meta Platforms climbed on reports of fresh layoffs. Defense firms such as Boeing Co , Raytheon Technologies Corp , Lockheed Martin Corp and L3harris Technologies Inc added between 0.2% and 0.8%.
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17123.0
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2023-02-13 00:00:00 UTC
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Apple supplier Salcomp to boost Indian workforce to 25,000
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AAPL
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https://www.nasdaq.com/articles/apple-supplier-salcomp-to-boost-indian-workforce-to-25000
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nan
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nan
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By Praveen Paramasivam
CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple AAPL.O, is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday.
"China Plus One strategy is at its peak at this moment ... The whole supply chain is now kind of looking at an alternative. And India is poised to be one of the best alternatives," said Sasikumar Gendham, managing director, Salcomp Manufacturing India.
"It's time to really diversify and decluster supply chain beyond China."
Salcomp, a major supplier of chargers to the iPhone maker, is also setting up a housing complex with entertainment and education for about 15,000 people, said Gendham.
Salcomp, which currently employs about 12,000 people in Chennai with 85% of them being women, had reached an agreement in 2019 to take over a facility, formerly owned by Finnish telecom equipment maker Nokia NOKIA.HE, in the southern Indian city of Chennai and started operations in 2020.
(Reporting by Praveen Paramasivam in Chennai; Editing by Sherry Jacob-Phillips)
((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Praveen Paramasivam CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple AAPL.O, is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday. Salcomp, a major supplier of chargers to the iPhone maker, is also setting up a housing complex with entertainment and education for about 15,000 people, said Gendham. Salcomp, which currently employs about 12,000 people in Chennai with 85% of them being women, had reached an agreement in 2019 to take over a facility, formerly owned by Finnish telecom equipment maker Nokia NOKIA.HE, in the southern Indian city of Chennai and started operations in 2020.
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By Praveen Paramasivam CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple AAPL.O, is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday. "It's time to really diversify and decluster supply chain beyond China." (Reporting by Praveen Paramasivam in Chennai; Editing by Sherry Jacob-Phillips) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Praveen Paramasivam CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple AAPL.O, is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday. "It's time to really diversify and decluster supply chain beyond China." Salcomp, which currently employs about 12,000 people in Chennai with 85% of them being women, had reached an agreement in 2019 to take over a facility, formerly owned by Finnish telecom equipment maker Nokia NOKIA.HE, in the southern Indian city of Chennai and started operations in 2020.
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By Praveen Paramasivam CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple AAPL.O, is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday. The whole supply chain is now kind of looking at an alternative. "It's time to really diversify and decluster supply chain beyond China."
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17124.0
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2023-02-13 00:00:00 UTC
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Apple supplier Salcomp to more than double Indian workforce to 25,000
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AAPL
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https://www.nasdaq.com/articles/apple-supplier-salcomp-to-more-than-double-indian-workforce-to-25000
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nan
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nan
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CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple AAPL.O, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on Monday.
Salcomp, a major supplier of chargers to Apple for its iPhones, is also building a large housing complex with entertainment and education for about 15,000 people, the executive added.
(Reporting by Praveen Paramasivam in Chennai)
((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple AAPL.O, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on Monday. Salcomp, a major supplier of chargers to Apple for its iPhones, is also building a large housing complex with entertainment and education for about 15,000 people, the executive added. (Reporting by Praveen Paramasivam in Chennai) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple AAPL.O, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on Monday. Salcomp, a major supplier of chargers to Apple for its iPhones, is also building a large housing complex with entertainment and education for about 15,000 people, the executive added. (Reporting by Praveen Paramasivam in Chennai) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple AAPL.O, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on Monday. Salcomp, a major supplier of chargers to Apple for its iPhones, is also building a large housing complex with entertainment and education for about 15,000 people, the executive added. (Reporting by Praveen Paramasivam in Chennai) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple AAPL.O, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on Monday. Salcomp, a major supplier of chargers to Apple for its iPhones, is also building a large housing complex with entertainment and education for about 15,000 people, the executive added. (Reporting by Praveen Paramasivam in Chennai) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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17125.0
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2023-02-13 00:00:00 UTC
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Monday's ETF with Unusual Volume: USMV
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AAPL
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https://www.nasdaq.com/articles/mondays-etf-with-unusual-volume%3A-usmv
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nan
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nan
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The iShares MSCI USA Min Vol Factor ETF is seeing unusually high volume in afternoon trading Monday, with over 7.7 million shares traded versus three month average volume of about 3.0 million. Shares of USMV were up about 0.6% on the day.
Components of that ETF with the highest volume on Monday were Microsoft, trading up about 4.2% with over 21.4 million shares changing hands so far this session, and Apple, up about 1.7% on volume of over 20.4 million shares. CF Industries Holdings is lagging other components of the iShares MSCI USA Min Vol Factor ETF Monday, trading lower by about 3.6%.
VIDEO: Monday's ETF with Unusual Volume: USMV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The iShares MSCI USA Min Vol Factor ETF is seeing unusually high volume in afternoon trading Monday, with over 7.7 million shares traded versus three month average volume of about 3.0 million. Components of that ETF with the highest volume on Monday were Microsoft, trading up about 4.2% with over 21.4 million shares changing hands so far this session, and Apple, up about 1.7% on volume of over 20.4 million shares. CF Industries Holdings is lagging other components of the iShares MSCI USA Min Vol Factor ETF Monday, trading lower by about 3.6%.
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The iShares MSCI USA Min Vol Factor ETF is seeing unusually high volume in afternoon trading Monday, with over 7.7 million shares traded versus three month average volume of about 3.0 million. CF Industries Holdings is lagging other components of the iShares MSCI USA Min Vol Factor ETF Monday, trading lower by about 3.6%. VIDEO: Monday's ETF with Unusual Volume: USMV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The iShares MSCI USA Min Vol Factor ETF is seeing unusually high volume in afternoon trading Monday, with over 7.7 million shares traded versus three month average volume of about 3.0 million. Components of that ETF with the highest volume on Monday were Microsoft, trading up about 4.2% with over 21.4 million shares changing hands so far this session, and Apple, up about 1.7% on volume of over 20.4 million shares. VIDEO: Monday's ETF with Unusual Volume: USMV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The iShares MSCI USA Min Vol Factor ETF is seeing unusually high volume in afternoon trading Monday, with over 7.7 million shares traded versus three month average volume of about 3.0 million. Shares of USMV were up about 0.6% on the day. VIDEO: Monday's ETF with Unusual Volume: USMV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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17126.0
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2023-02-12 00:00:00 UTC
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Where Will Apple Stock Be in 3 Years?
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AAPL
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https://www.nasdaq.com/articles/where-will-apple-stock-be-in-3-years
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nan
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nan
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Apple (NASDAQ: AAPL) has long been the stock Wall Street loves to hate. Sure, there is plenty of love for the iPhone maker, but as soon as any headwinds appear, analysts seem to scatter like cockroaches when the light is turned on as everyone begins predicting Apple has reached the end of its growth phase and its glory days are behind it.
Until the next earnings report, when there are inevitable so-called surprises over just how durable its business really is.
Image source: Getty Images.
For example, iPhone sales fell in the fiscal first quarter, down 8.1% to $65.8 billion as Apple experienced its slowest overall revenue growth since 2016, and the articles dutifully appear to proclaim that the tech giant's future is diminished.
So where will Apple be in three years' time? Will it succumb, as its detractors say, or can it overcome the hurdles and continue on its long-term growth trajectory? I find myself in the latter camp and here's why.
One-off events led to one-time shortfalls
Admittedly, Apple's earnings report was a bit of a disappointment, but not necessarily unexpectedly so. iPhone sales, for instance, could actually be seen as better than they ought to have been considering the supply chain constraints the consumer electronics giant faced.
Foxconn, Apple's largest assembler of iPhones, was under severe pressure due to lockdowns in major Chinese cities that had employees forced to sleep at the factory due to travel restrictions. But after China lifted its restrictions, Foxconn quickly recovered most of its production and reported January revenue hit a record $22 billion.
It's likely iPhone sales were only pushed out to the quarter ending in March and production has increased once more, with CEO Tim Cook telling analysts production "is now back where we want it to be."
Although Mac revenue also fell hard in Q1, and wearables sales were down, iPad sales soared, so it's not as though there is a broad-based consumer demand problem. Supply is largely the biggest issue, and that has normalized for the most part.
A bigger piece of a smaller pie
Despite the problems Apple faced, it still grew in comparison to the industry as a whole, taking market share while the industry contracted, including in iPhones. And according to the analysts at Gartner, the slump in PCs sales was worse than the drop in Mac shipments, by at least 2 to 1. In fact, it was "the worst annual shipment decline in Gartner's PC tracking history."
Mac shipments were down 10% for the period, but the best PC maker was Asus, and its shipments fell 19%. For the full 2022 year, Apple was the only manufacturer that saw growth. Apple's market share grew to 10.7% from 8.6%.
It's the same situation in wearables, where Apple maintains a massive lead over the competition and has more than double the market share of its nearest rival. The Apple Watch has a 26% share compared to Samsung's 12%.
In total, Apple's installed base now has more than 2 billion active devices, or double what it had seven years ago.
Image source: Getty Images.
A record achievement
And if we're looking at the future for Apple, it's notable services revenue hit an all-time record of almost $21 billion for the quarter. The division covers the App Store, Apple Pay, and various subscription services such as iCloud, Apple TV+, and Apple Music.
Last year was a record one for the App Store, as subscriptions soared 21% to 900 million from 745 million subscriptions the year before. And though service revenue growth slowed to 14% in 2022 from the 27% rate it enjoyed in 2021, that period was part of the pandemic boom Apple and other companies enjoyed. This, like the supply chain situation, is merely one of a return to the mean.
Although Apple stock bounced 22% from the lows it hit in late December, shares are still down 15% from their August highs. And while that means Apple was a better buy at the beginning of 2023 than it is today, relatively speaking, the tech stock is still a great business to own -- one with plenty of growth still to come, whether three years down the road or 10 years on.
10 stocks we like better than Apple
When our award-winning 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 February 8, 2023
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Gartner and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) has long been the stock Wall Street loves to hate. Sure, there is plenty of love for the iPhone maker, but as soon as any headwinds appear, analysts seem to scatter like cockroaches when the light is turned on as everyone begins predicting Apple has reached the end of its growth phase and its glory days are behind it. For example, iPhone sales fell in the fiscal first quarter, down 8.1% to $65.8 billion as Apple experienced its slowest overall revenue growth since 2016, and the articles dutifully appear to proclaim that the tech giant's future is diminished.
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Apple (NASDAQ: AAPL) has long been the stock Wall Street loves to hate. The division covers the App Store, Apple Pay, and various subscription services such as iCloud, Apple TV+, and Apple Music. Last year was a record one for the App Store, as subscriptions soared 21% to 900 million from 745 million subscriptions the year before.
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Apple (NASDAQ: AAPL) has long been the stock Wall Street loves to hate. The division covers the App Store, Apple Pay, and various subscription services such as iCloud, Apple TV+, and Apple Music. And while that means Apple was a better buy at the beginning of 2023 than it is today, relatively speaking, the tech stock is still a great business to own -- one with plenty of growth still to come, whether three years down the road or 10 years on.
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Apple (NASDAQ: AAPL) has long been the stock Wall Street loves to hate. Apple's market share grew to 10.7% from 8.6%. That's right -- they think these 10 stocks are even better buys.
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17127.0
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2023-02-12 00:00:00 UTC
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3 5G Stocks to Buy for the Future of Connectivity
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AAPL
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https://www.nasdaq.com/articles/3-5g-stocks-to-buy-for-the-future-of-connectivity
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Fifth-generation (5G) wireless is here and has quickly become the dominant network on which the world’s electronic devices run, from smartphones to tablets and laptop computers. According to Contrive Datum Insights, which covers the industry, the global 5G market is expected to grow at a compound annual growth rate of nearly 50% and reach nearly $200 billion by 2030. Companies around the world are racing to upgrade their consumer electronic devices so that they run on 5G networks at the same time that other companies are enhancing the infrastructure needed to power those networks. It all adds up to a red-hot-growth market for investors to take advantage of. Here are three 5G stocks to buy for the future of connectivity.
QCOM Qualcomm $131
AMT American Tower $217
AVGO Broadcom $599
5G Stocks to Buy: Qualcomm (QCOM)
Source: Akshdeep Kaur Raked / Shutterstock.com
Based in San Diego, Qualcomm (NASDAQ:QCOM) makes the semiconductors and software that are critical to 5G networks and the mobile phones that run on them. The company forms a major part of America’s wireless backbone. And its technology has never been more in demand than now. That helps to explain why QCOM stock is up over 20% so far in 2023.
But even with this year’s sharp increase, QCOM stock still has a moderate price-earnings ratio of 12.5, which is low for a tech company of Qualcomm’s size. And the stock pays a quarterly dividend yield of 2.3%, which is high for a tech stock.
Qualcomm is facing a cyclical slowdown right now in mobile-phone sales, and it continues to grapple with supply-chain constraints. As a result, the company reported disappointing earnings recently, with its revenue falling 12% year-over-year to $9.46 billion, and its net income declining 27% to $2.68 billion or $2.37 per share. But over the long term, QCOM stock will remain a reliable winner and one of the best ways for investors to play the 5G boom.
American Tower (AMT)
Source: Shutterstock
Speaking of companies whose infrastructure is critical to 5G networks, how about Boston-based American Tower (NYSE:AMT)? A real estate investment trust (REIT), American Tower owns and operates the towers on which 5G signals are broadcast, not only in the U.S. but all over the world, from Latin America to Europe and Asia. Currently, the company owns and operates more than 200,000 communications sites globally, including more than 40,000 towers and sites in the U.S. and neighboring Canada.
AMT stock has performed well over the past few years and has a track record of consistently generating higher returns than the market.
This year, the stock is up 2.6%, and it is down 7% over the past year. The stock is a little pricey with a P/E ratio of 34.4, but it does offer shareholders a chunky quarterly dividend yield of 2.7%. In fact, American Tower has raised its dividend for 44 straight quarters, increasing the quarterly payout by 643% over an 11-year period.
Broadcom (AVGO)
Source: Sasima / Shutterstock.com
Another semiconductor and microchip company whose products are important components of broadband and wireless networks is California-based Broadcom (NASDAQ:AVGO). A going concern since 1961, Broadcom tends to get less attention in the business press than some newer semiconductor companies. However, AVGO has performed well over the long term for shareholders who have stuck with the company.
In 2023, AVGO stock is up 7%. The stock has gained 16% over the past 12-months, when many of its peers’ share prices fell more than 30%.
Like the other names on this list, Broadcom has a high quarterly dividend yield, as its yield is now 3.10%. Its P/E ratio looks decent at 22.8, indicating that Broadcom’s stock is not overvalued at its current levels.
AVGO stock did retreat recently on reports that Apple (NASDAQ:AAPL) plans to stop using its chips in favor of its own semiconductors and microchips. But not to worry; Broadcom will adapt and be just fine over the long haul.
On the date of publication, Joel Baglole held a long position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post 3 5G Stocks to Buy for the Future of Connectivity 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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AVGO stock did retreat recently on reports that Apple (NASDAQ:AAPL) plans to stop using its chips in favor of its own semiconductors and microchips. On the date of publication, Joel Baglole held a long position in AAPL. According to Contrive Datum Insights, which covers the industry, the global 5G market is expected to grow at a compound annual growth rate of nearly 50% and reach nearly $200 billion by 2030.
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AVGO stock did retreat recently on reports that Apple (NASDAQ:AAPL) plans to stop using its chips in favor of its own semiconductors and microchips. On the date of publication, Joel Baglole held a long position in AAPL. QCOM Qualcomm $131 AMT American Tower $217 AVGO Broadcom $599 5G Stocks to Buy: Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Based in San Diego, Qualcomm (NASDAQ:QCOM) makes the semiconductors and software that are critical to 5G networks and the mobile phones that run on them.
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AVGO stock did retreat recently on reports that Apple (NASDAQ:AAPL) plans to stop using its chips in favor of its own semiconductors and microchips. On the date of publication, Joel Baglole held a long position in AAPL. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Fifth-generation (5G) wireless is here and has quickly become the dominant network on which the world’s electronic devices run, from smartphones to tablets and laptop computers.
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AVGO stock did retreat recently on reports that Apple (NASDAQ:AAPL) plans to stop using its chips in favor of its own semiconductors and microchips. On the date of publication, Joel Baglole held a long position in AAPL. QCOM Qualcomm $131 AMT American Tower $217 AVGO Broadcom $599 5G Stocks to Buy: Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Based in San Diego, Qualcomm (NASDAQ:QCOM) makes the semiconductors and software that are critical to 5G networks and the mobile phones that run on them.
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17128.0
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2023-02-12 00:00:00 UTC
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Is It Too Late to Buy Apple Stock?
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AAPL
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https://www.nasdaq.com/articles/is-it-too-late-to-buy-apple-stock-0
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nan
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nan
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As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. However, the tech industry is made up of dozens of solid growth stocks for a reason. It's a market that consistently has one eye on the future, with many companies in a constant state of development and innovation.
So while Apple's stock skyrocketed over 117,000% since it first went public in 1980, it's not too late to invest in the tech leader. Here's why.
Apple has reliable long-term growth
Last year was challenging for the entire tech market, with the Nasdaq-100 Technology Sector index plunging 40% throughout 2022 as macroeconomic headwinds led to a decline in consumer demand. In the same period, Apple shares fell 27%, a more moderate decline than its peers, with Alphabet's stock sliding 39%, Nvidia's 50%, and Advanced Micro Devices's 55%.
Apple's stock dip in 2022 highlighted its impressive long-term growth and the importance of holding such investments through economic downturns. Despite the sell-off, Apple's stock price has still soared 286% over the last five years and 789% over the last 10 years. In fact, a $20,000 investment in Apple in 2018 would be worth $57,200 today.
The stellar stock growth has come alongside consistent earnings. In the last five years, Apple's annual revenue has risen 48% to $394 billion, while operating income increased 68% to $119 billion. The company has almost unparalleled brand loyalty, which allows its products and services segments to continue expanding no matter short-term headwinds.
Apple is always looking to the future
Numerous reports over the years suggest Apple has several secret projects in development, such as autonomous cars, mixed-reality headsets, folding phones, touch-screen laptops, and more. The tech giant has a significant market share in its current lineup of products, which includes smartphones, tablets, personal computers, and wearables, but it also keeps a keen eye on the future.
For instance, according to a Bloomberg report, Apple is expected to release an augmented/virtual reality (AR/VR) headset in 2023.The new device will see the company venture into the $25.33 billion AR market, which will likely expand at a compound annual growth rate (CAGR) of 40.9% through 2030 (per Grand View Research). Meanwhile, the VR market is expected to grow at a CAGR of 15% in the same period.
With advances in mixed reality allowing the technology to be applied to various industries in the future, from healthcare to education, Apple will be positioned to profit from the burgeoning industry.
Along with technological advancements, Apple's long-term mindset safeguards its business from potential headwinds. Recent reports have suggested the company is making moves to boost profits in its highest-earning segment, the iPhone, by using more in-house components in the future. For instance, in January, Bloomberg reported Apple has plans to lessen its dependency on companies like Samsung and Qualcomm by developing its own iPhone screens and telecom chips starting in 2024.
The change will end expensive partnerships with other tech companies, improving profit margins in the segment. And more profit per iPhone will allow Apple to keep revenue up even in the case of an economic downturn, during which it might sell fewer smartphones overall. The company has done a similar thing in its Mac business by moving away from Intel processors (CPUs) and using custom-designed versions it calls Apple Silicon. Since beginning the CPU transition in June 2020, Mac revenue has increased 62% from $7 billion to $11.5 billion in 2022. Swapping out several iPhone components in favor of custom versions could be incredibly lucrative over the long term.
It may have been 46 years since Apple's founding, but the company is nowhere near hitting its ceiling. Its consistent stock growth over the last five and 10 years reflects its potential for the future. It's not too late to buy Apple stock, and Apple is, in fact, a screaming investment.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Apple, Intel, Nvidia, and Qualcomm. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, long March 2023 $120 calls on Apple, short January 2025 $45 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. Apple has reliable long-term growth Last year was challenging for the entire tech market, with the Nasdaq-100 Technology Sector index plunging 40% throughout 2022 as macroeconomic headwinds led to a decline in consumer demand. For instance, according to a Bloomberg report, Apple is expected to release an augmented/virtual reality (AR/VR) headset in 2023.The new device will see the company venture into the $25.33 billion AR market, which will likely expand at a compound annual growth rate (CAGR) of 40.9% through 2030 (per Grand View Research).
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As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. For instance, according to a Bloomberg report, Apple is expected to release an augmented/virtual reality (AR/VR) headset in 2023.The new device will see the company venture into the $25.33 billion AR market, which will likely expand at a compound annual growth rate (CAGR) of 40.9% through 2030 (per Grand View Research). The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Apple, Intel, Nvidia, and Qualcomm.
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As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. For instance, according to a Bloomberg report, Apple is expected to release an augmented/virtual reality (AR/VR) headset in 2023.The new device will see the company venture into the $25.33 billion AR market, which will likely expand at a compound annual growth rate (CAGR) of 40.9% through 2030 (per Grand View Research). It's not too late to buy Apple stock, and Apple is, in fact, a screaming investment.
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As the world's most valuable company with a market cap of $2.39 trillion, Apple (NASDAQ: AAPL) stock might seem well past the best time to buy. Recent reports have suggested the company is making moves to boost profits in its highest-earning segment, the iPhone, by using more in-house components in the future. Its consistent stock growth over the last five and 10 years reflects its potential for the future.
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17129.0
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2023-02-12 00:00:00 UTC
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This 1 Key Figure Shows Apple Stock's Growth Potential
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AAPL
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https://www.nasdaq.com/articles/this-1-key-figure-shows-apple-stocks-growth-potential
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nan
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nan
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As one of the largest, best-known companies in the world, Apple (NASDAQ: AAPL) is often top of mind for investors. After all, being an Apple shareholder over the long term has been a market-beating investment. Over the past three, five, and 10 years, Apple stock has handily outpaced the S&P 500.
But with a market cap north of $2 trillion, posting impressive-enough growth to continue to reward shareholders could become more difficult. However, there was one number in the most recentearnings callthat could be the secret to Apple's continued success. Let's see why it matters.
Mixed results
When Apple reported its first quarter 2023 results recently, the results demonstrated the headwinds the company has been facing. The headline number was that revenue fell 6% year over year (YOY), which was the first time Apple had seen a YOY revenue decline in nearly four years. The numbers didn't get much better, with every segment other than iPad and services (all the subscription revenue) also seeing a YOY decline.
On the bright side, Apple still generated more than $30 billion in free cash flow, and while its earnings per share were lower than for the year-ago quarter, Apple is still incredibly profitable and in great financial shape.
Management was also positive on theearnings call pointing out that the results were the result of foreign exchange impacts, supply chain problems (remember that much of the company's production is in China, where COVID lockdowns were common), and overall macroeconomic conditions. All three of these drivers either have started to reverse or should be temporary to some degree.
Massive installed base
The key number that came out of the results was 2 billion -- the number of active devices in its installed base, which is double what the company had in 2016. Now, that doesn't mean there are 2 billion Apple customers, as many people have multiple devices, but it's an impressive number regardless.
This matters for investors because of the Apple ecosystem. It's no secret that Apple transitioned from a hardware company to a software company. In short, Apple's business model is to use its popular and compelling devices to pull users deeper into its ecosystem, where they will not only buy more devices but also subscribe to more services. Whether it's iCloud subscriptions to back up data, Apple Music, Apple TV+, Apple Arcade, AppleCare, or other digital content, the more customers spend on subscriptions, the more high-margin revenue there is for Apple.
The impact on profitability between products and services is stark. The products segment has a gross margin of 37%, while services boasts a gross margin of 71%. As of Q1, services revenue represented 18% of total revenue, up from 16% last Q1. The bigger the piece of the overall revenue pie services becomes, the more profitable Apple will be.
Returning value to shareholders
To shareholders, Apple's profits matter greatly. Over the past 10 years, Apple steadily increased its dividend while buying back more than $15 billion of its own shares.
AAPL Dividend data by YCharts
These share repurchases reduced Apple's shares outstanding by a stunning 40%, increasing every shareholder's piece of the pie. This is important because Apple is returning value to its shareholders in multiple ways, some of which don't make it into the headlines each quarter.
Apple does face some short-term challenges, as the headwinds this quarter may take some time to reverse. However, Apple has a fantastic management team and long-term growth potential that I think can help it weather any short-term struggles.
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Jeff Santoro has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As one of the largest, best-known companies in the world, Apple (NASDAQ: AAPL) is often top of mind for investors. AAPL Dividend data by YCharts These share repurchases reduced Apple's shares outstanding by a stunning 40%, increasing every shareholder's piece of the pie. But with a market cap north of $2 trillion, posting impressive-enough growth to continue to reward shareholders could become more difficult.
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As one of the largest, best-known companies in the world, Apple (NASDAQ: AAPL) is often top of mind for investors. AAPL Dividend data by YCharts These share repurchases reduced Apple's shares outstanding by a stunning 40%, increasing every shareholder's piece of the pie. Returning value to shareholders To shareholders, Apple's profits matter greatly.
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As one of the largest, best-known companies in the world, Apple (NASDAQ: AAPL) is often top of mind for investors. AAPL Dividend data by YCharts These share repurchases reduced Apple's shares outstanding by a stunning 40%, increasing every shareholder's piece of the pie. On the bright side, Apple still generated more than $30 billion in free cash flow, and while its earnings per share were lower than for the year-ago quarter, Apple is still incredibly profitable and in great financial shape.
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As one of the largest, best-known companies in the world, Apple (NASDAQ: AAPL) is often top of mind for investors. AAPL Dividend data by YCharts These share repurchases reduced Apple's shares outstanding by a stunning 40%, increasing every shareholder's piece of the pie. The numbers didn't get much better, with every segment other than iPad and services (all the subscription revenue) also seeing a YOY decline.
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17130.0
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2023-02-11 00:00:00 UTC
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The Smartest Investors Are Buying These 3 Beaten-Down Stocks
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AAPL
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https://www.nasdaq.com/articles/the-smartest-investors-are-buying-these-3-beaten-down-stocks
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nan
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nan
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Probably the most outstanding single quality that smart investors share is patience. The best-known smart investor of them all, Warren Buffett, famously doesn't try to time the market. Instead, his core strategy is to buy quality stocks at reasonable valuations -- and his holdings include positions in the first two companies discussed here.
In the case of each of these three stocks, the buy thesis now pretty much requires investors to overlook their near-term negatives in favor of their long-term positives. Apple (NASDAQ: AAPL), UPS (NYSE: UPS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Here's why.
1. Apple is improving its earnings quality
A combination of supply chain disruptions, a weakening environment for consumer discretionary spending, and adverse foreign currency exchange movements hit Apple in calendar 2022, and some of those issues are likely to extend well into 2023. That said, Apple's dominant position in the U.S. smartphone market and its opportunity to grow sales and market share worldwide as the number of smartphone users increases haven't gone away. Moreover, the underlying growth of its higher-margin services business is improving the quality of its earnings.
While product revenue fell 8% year over year in its recently reported first quarter of fiscal 2023, its services revenue rose 6.4%. It would have increased by closer to 13% without the negative impact of foreign currency exchange rates. The growth of Apple's services revenue (which comes with a gross margin of nearly 71% compared to around 36% for its products segment) is improving Apple's long-term margin profile. Moreover, services now provide about 20% of Apple's total revenue (based on its fiscal 2022 results).
Finally, as CFO Luca Maestri noted during the fiscal Q1 2023earnings call "our installed base of active devices grew double digits and achieved all-time records in each geographic segment and in each major product category." That's likely to improve Apple's potential to grow its service revenue.
2. United Parcel Service is focusing on more-profitable deliveries
Another example of a company that is facing near-term headwinds but also significantly improving its business is UPS. The company's revenue declined 2.7% in the fourth quarter of 2022, and CFO Brian Newman said he expects that in 2023, average daily volume in its U.S. domestic segment will be "down slightly," and average daily volume and revenue in its international segment will decline by low single-digit percentages.
Still, note that Newman also said U.S. domestic segment revenue would increase by a low single-digit percentage despite that declining volume. That projection speaks to the underlying operational improvements UPS has been making. In a nutshell, management's transformational strategy to grow revenue from targeted end markets such as small and medium-sized businesses (SMBs) and the healthcare industry is working.
Meanwhile, the company's emphasis on focusing on more-profitable deliveries -- which also entails reducing its lower-margin deliveries for Amazon.com -- means continuing "a mutually agreed path to glide that business down in 2023," according to Newman.
As such, UPS should continue to improve its underlying profitability even if a recession in 2023 leads to a revenue decline.
Management's guidance for $8 billion in free cash flow (FCF) in 2023 would put UPS on a price-to-forward-FCF ratio of almost 21. That's a reasonable multiple if the company's earnings hit a trough this year and recover in the coming years, driven by underlying growth in SMBs, healthcare, and more-profitable e-commerce deliveries.
3. Alphabet's wins will come from the cloud
The case for buying Alphabet is relatively simple. Solid but slowing growth in its Google services (Search, YouTube ads, and Google Network) will be balanced by the ongoing growth of Google Cloud as it marches toward profitability -- a business in which Alphabet has "really been investing ahead of our revenues," CFO Ruth Porat said on its recent Q4earnings call
The Google Cloud strategy makes perfect sense considering the potential for long-term cash generation from recurring revenue from customers that are likely to stay with Google Cloud on a multiyear basis.
As for Google's other services, if there's a recession, that will hurt advertising revenue across the board, and the headline figure of a 2% decline in search revenue in the fourth quarter doesn't look good. Still, in that quarter, Alphabet's earnings were also pressured by adverse foreign exchange movements. Excluding the impact of those currency exchange headwinds, search revenues "delivered moderate underlying growth in Q4," according to Porat. Moreover, Google's overall revenue growth of just 1% was 7% in constant currency.
All told, Alphabet can look ahead to a year of solid but unspectacular growth. At the same time, Google Cloud is moving toward profitability, and Wall Street expects an incredible $70 billion in FCF, putting it on a forward-price-to-FCF multiple of 19. That's a good multiple for a company with Alphabet's long-term growth prospects.
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*Stock Advisor returns as of January 9, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon.com, and Apple. The Motley Fool recommends United Parcel Service and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL), UPS (NYSE: UPS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Finally, as CFO Luca Maestri noted during the fiscal Q1 2023earnings call "our installed base of active devices grew double digits and achieved all-time records in each geographic segment and in each major product category." In a nutshell, management's transformational strategy to grow revenue from targeted end markets such as small and medium-sized businesses (SMBs) and the healthcare industry is working.
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Apple (NASDAQ: AAPL), UPS (NYSE: UPS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Apple is improving its earnings quality A combination of supply chain disruptions, a weakening environment for consumer discretionary spending, and adverse foreign currency exchange movements hit Apple in calendar 2022, and some of those issues are likely to extend well into 2023. The company's revenue declined 2.7% in the fourth quarter of 2022, and CFO Brian Newman said he expects that in 2023, average daily volume in its U.S. domestic segment will be "down slightly," and average daily volume and revenue in its international segment will decline by low single-digit percentages.
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Apple (NASDAQ: AAPL), UPS (NYSE: UPS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. The growth of Apple's services revenue (which comes with a gross margin of nearly 71% compared to around 36% for its products segment) is improving Apple's long-term margin profile. The company's revenue declined 2.7% in the fourth quarter of 2022, and CFO Brian Newman said he expects that in 2023, average daily volume in its U.S. domestic segment will be "down slightly," and average daily volume and revenue in its international segment will decline by low single-digit percentages.
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Apple (NASDAQ: AAPL), UPS (NYSE: UPS), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Moreover, the underlying growth of its higher-margin services business is improving the quality of its earnings. That's likely to improve Apple's potential to grow its service revenue.
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17131.0
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2023-02-11 00:00:00 UTC
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Where Will Skyworks Solutions Stock Be in 1 Year?
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AAPL
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https://www.nasdaq.com/articles/where-will-skyworks-solutions-stock-be-in-1-year
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nan
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nan
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Skyworks Solutions' (NASDAQ: SWKS) stock rose 13% on Feb. 7 after it posted its latest earnings report. For the first quarter of fiscal 2023, which ended on Dec. 30, the diversified chipmaker's revenue dropped 12% year over year to $1.33 billion but still exceeded analysts' estimates by $10 million. Its adjusted net income declined 21% to $415 million, or $2.59 per share, which missed the consensus forecast by a penny.
Those declines weren't surprising, since the semiconductor sector is currently in the midst of a cyclical downturn, but will Skyworks' growth stabilize by the end of 2023 and lift its stock higher?
Image source: Getty Images.
What does Skyworks Solutions do?
Skyworks produces wireless chips for the mobile, automotive, home automation, wireless infrastructure, and industrial markets. It's an integrated device manufacturer (IDM) that designs and manufactures its own chips at its own plants instead of outsourcing them to a third-party foundry. That distinction -- which sets it apart from "fabless" chipmakers like Broadcom -- entitles Skyworks to subsidies, tax breaks, and other benefits from the CHIPS and Science Act that have been reserved for IDMs that manufacture their chips domestically.
Skyworks' largest customer is Apple (NASDAQ: AAPL), which accounted for a whopping 58% of its revenue in fiscal 2022. To reduce its long-term dependence on Apple, Skyworks has been expanding its portfolio to sell more wireless chips for Android handsets, industrial Internet of Things (IoT) devices, and connected vehicles. To accelerate that transformation, it acquired Silicon Laboratories' infrastructure and automotive unit for $2.75 billion in cash in July 2021.
But until it meaningfully expands those other businesses, Skyworks' future will remain tightly tethered to Apple's. That's a double-edged sword: Stable sales of Apple's devices would buoy its growth, but softer sales (which happened over the past year) could offset the growth of its non-Apple chips. Apple could also eventually replace Skyworks' chips with its own silicon.
How long will Skyworks' cyclical slowdown last?
Skyworks only has limited exposure to the PC market, which has been suffering a tough post-pandemic slowdown and punishing PC-centric chipmakers like Intel and AMD. However, its high exposure to the mobile market -- which faces a more modest slowdown as the 5G upgrade cycle ends -- has still throttled its overall growth.
Beyond Apple and the handset market, most of Skyworks' growth over the past year has been driven by mobile network upgrades, the expansion of cloud and edge computing networks, the development of new IoT devices, and the electrification of vehicles. As the following table illustrates, Skyworks still generated fairly consistent sales growth with stable gross and operating margins throughout 2022, but its top-line growth stalled out in the first quarter of fiscal 2023.
METRIC
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Revenue growth (YOY)
0%
14%
10%
7%
(12%)
Gross margin
51.2%
51.2%
51.2%
51.3%
51.5%
Operating margin
38.8%
36.8%
35.7%
37.6%
37%
Data source: Skyworks Solutions. YOY = year over year.
Skyworks attributed that slowdown to the softness of the Android handset market, which largely offset the stronger growth of its automotive, infrastructure, and industrial markets. During the conference call, CFO Kris Sennesael also admitted the chipmaker was seeing "some softness due to some macroeconomic challenges."
For the second quarter, Skyworks expects its revenue to decline 12%-16% year over year as its adjusted EPS drops 23%. But like many other chipmakers, Skyworks expects the semiconductor sector to bottom out in the first half of the year and gradually recover in the second half.
As for its own company-specific challenges, Skyworks expects sales of Android devices in South Korea and China to warm up again by the end of the year. Until that happens, it plans to adjust its production accordingly, rein in its expenses, and keep buying back its own shares. It already returned $1.2 billion to its investors over the past 12 months through dividends and buybacks, and it just authorized a fresh $2 billion buyback plan.
Where will Skyworks' stock be in a year?
For the full year, analysts expect Skyworks' revenue and adjusted earnings to decline 7% and 13%, respectively. But in fiscal 2024, they expect its revenue and adjusted earnings to rise 8% and 12%, respectively, as the company bounces back from its cyclical downturn. Skyworks' growth will likely remain sluggish through the end of 2023, but its low forward price-to-earnings ratio of 11, its decent forward dividend yield of 2%, and its ongoing buybacks should limit its downside potential.
I'm not sure if Skyworks can outperform the market this year, especially since it's so closely associated with Apple's weakening sales, but it could still climb higher if the semiconductor market finally stabilizes.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Skyworks Solutions 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 January 9, 2023
Leo Sun has positions in Apple. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Intel. The Motley Fool recommends Broadcom, Silicon Laboratories, and Skyworks Solutions and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, long March 2023 $120 calls on Apple, short January 2025 $45 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Skyworks' largest customer is Apple (NASDAQ: AAPL), which accounted for a whopping 58% of its revenue in fiscal 2022. Those declines weren't surprising, since the semiconductor sector is currently in the midst of a cyclical downturn, but will Skyworks' growth stabilize by the end of 2023 and lift its stock higher? To reduce its long-term dependence on Apple, Skyworks has been expanding its portfolio to sell more wireless chips for Android handsets, industrial Internet of Things (IoT) devices, and connected vehicles.
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Skyworks' largest customer is Apple (NASDAQ: AAPL), which accounted for a whopping 58% of its revenue in fiscal 2022. Revenue growth (YOY) 0% 14% 10% 7% (12%) Gross margin 51.2% 51.2% 51.2% 51.3% 51.5% Operating margin 38.8% 36.8% 35.7% 37.6% 37% Data source: Skyworks Solutions. For the full year, analysts expect Skyworks' revenue and adjusted earnings to decline 7% and 13%, respectively.
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Skyworks' largest customer is Apple (NASDAQ: AAPL), which accounted for a whopping 58% of its revenue in fiscal 2022. Beyond Apple and the handset market, most of Skyworks' growth over the past year has been driven by mobile network upgrades, the expansion of cloud and edge computing networks, the development of new IoT devices, and the electrification of vehicles. For the second quarter, Skyworks expects its revenue to decline 12%-16% year over year as its adjusted EPS drops 23%.
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Skyworks' largest customer is Apple (NASDAQ: AAPL), which accounted for a whopping 58% of its revenue in fiscal 2022. Skyworks attributed that slowdown to the softness of the Android handset market, which largely offset the stronger growth of its automotive, infrastructure, and industrial markets. Where will Skyworks' stock be in a year?
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17132.0
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2023-02-11 00:00:00 UTC
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Up 14% 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-14-in-2023-is-it-safe-to-invest-in-the-nasdaq-right-now
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nan
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It has been quite the start to the year for the Nasdaq 100, as it is up 14%. That run-up might scare some investors away from the index, but they should look deeper than the headline numbers.
It can be useful to see how much room the highest-weighted companies in the index have to run before judging if it is worth owning. So let's look inside the Nasdaq 100 to see if it's still a buy after its incredible start to 2023.
Most of the leading components are still down more than the entire index
Although the Nasdaq 100 started off hot, it has only returned to a level last seen in September 2022. In fact, it's still down 24% from its all-time high. This makes it a consideration for investors, but the companies inside also look attractive.
The top 10 highest-weighted companies in the index make up an impressive 53.2%, but many are still off their all-time highs.
RANK COMPANY INDEX WEIGHTING PERCENT OFF ALL-TIME HIGH
1 Apple 12.2% (16.7%)
2 Microsoft 11.8% (22.7%)
3 Amazon 6.5% (47.3%)
4 Nvidia 4.1% (32.9%)
5 Alphabet (C Class Shares) 3.9% (37.4%)
6 Alphabet (A Class Shares) 3.9% (37.2%)
7 Tesla 3.7% (48.9%)
8 Meta Platforms 3.3% (53.3%)
9 Broadcom 1.9% (11%)
10 PepsiCo 1.9% (7.3%)
Source: Slickcharts and YCharts.
With those 10 stocks (representing nine companies due to Alphabet's split-class share structure) making up more than half the index -- and all but PepsiCo, Broadcom, and Apple down more than the overall index -- then I'd say the Nasdaq 100 has a lot of room to run.
But some stocks within this index likely have a greater ability to rebound than the index itself. Here are three I think can do just that.
A few stocks have strong potential to outperform in 2023
Of those top 10 companies, I'd keep an eye on Amazon, Alphabet, and Tesla. It's not that the others can't have a good 2023; it's just that the environment is better for these three to excel and outperform the index.
Amazon's stock took a dive as the effects of the pandemic's e-commerce boost wore off, which exposed the company's overinvestment in its resources. Now, Amazon is fixing its mistakes and trying to return to positive free cash flow (FCF) by laying off workers, cutting programs, and making other cost-saving moves.
The company has already made great strides, cutting its cash burn from $26 billion in the second quarter to $11.6 billion in the fourth. The stock now trades at its lowest price-to-sales valuation since 2015, leaving it plenty of upside.
Alphabet's fall coincided with the economy slowing, as its clients curtailed their ad spending. With nearly 80% of total revenue coming from advertising sources, that's a problem.
However, as investors continue to see positive economic indicators, this revenue stream could open up again by the end of the year, giving Alphabet an explosive upside. And its cloud computing segment, Google Cloud, performed the best out of all the cloud providers, up 32% year over year while getting closer to profitability.
The stock is also at its lowest price-to-FCF valuation in a decade. Investors should be taking a look at this giant.
GOOG price-to-FCF data by YCharts.
Tesla is the stock with the most upside in the top 10. The electric vehicle (EV) maker recently cut prices to increase its competitiveness, but management still believes it can maintain a 20% gross margin (one of the best in the industry) across its production. It's slated to produce around 1.8 million EVs in 2023, compared to 1.37 million in 2022.
Of course, valuation will always be an argument with Tesla, but with the stock trading for 54 times earnings, it's at least in the ballpark of a more reasonably valued stock, although it's still very expensive.
The Nasdaq 100 still has a lot of room to run in 2023, and investors shouldn't be afraid of establishing a position in it. Furthermore, the tech-focused companies within it should also make for an excellent long-term investment.
But if you're looking for more significant upside than the broader index offers, Amazon, Alphabet, and Tesla make for smart individual investments that could outperform in 2023 and beyond.
10 stocks we like better than Amazon.com
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*Stock Advisor returns as of January 9, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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 recommends Broadcom and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now, Amazon is fixing its mistakes and trying to return to positive free cash flow (FCF) by laying off workers, cutting programs, and making other cost-saving moves. However, as investors continue to see positive economic indicators, this revenue stream could open up again by the end of the year, giving Alphabet an explosive upside. The electric vehicle (EV) maker recently cut prices to increase its competitiveness, but management still believes it can maintain a 20% gross margin (one of the best in the industry) across its production.
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1 Apple 12.2% (16.7%) 2 Microsoft 11.8% (22.7%) 3 Amazon 6.5% (47.3%) 4 Nvidia 4.1% (32.9%) 5 Alphabet (C Class Shares) 3.9% (37.4%) 6 Alphabet (A Class Shares) 3.9% (37.2%) 7 Tesla 3.7% (48.9%) 8 Meta Platforms 3.3% (53.3%) 9 Broadcom 1.9% (11%) 10 PepsiCo 1.9% (7.3%) Source: Slickcharts and YCharts. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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1 Apple 12.2% (16.7%) 2 Microsoft 11.8% (22.7%) 3 Amazon 6.5% (47.3%) 4 Nvidia 4.1% (32.9%) 5 Alphabet (C Class Shares) 3.9% (37.4%) 6 Alphabet (A Class Shares) 3.9% (37.2%) 7 Tesla 3.7% (48.9%) 8 Meta Platforms 3.3% (53.3%) 9 Broadcom 1.9% (11%) 10 PepsiCo 1.9% (7.3%) Source: Slickcharts and YCharts. With those 10 stocks (representing nine companies due to Alphabet's split-class share structure) making up more than half the index -- and all but PepsiCo, Broadcom, and Apple down more than the overall index -- then I'd say the Nasdaq 100 has a lot of room to run. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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It has been quite the start to the year for the Nasdaq 100, as it is up 14%. The top 10 highest-weighted companies in the index make up an impressive 53.2%, but many are still off their all-time highs. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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17133.0
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2023-02-11 00:00:00 UTC
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Opinion: These Will Be the 3 Largest Stocks by 2030
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AAPL
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https://www.nasdaq.com/articles/opinion%3A-these-will-be-the-3-largest-stocks-by-2030-0
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nan
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nan
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I used to know some guys who met before the beginning of each college football season. They would predict how their respective teams' seasons would likely go.
The more they drank, the rosier the predictions would get. By the end of the night, at least one of them would predict that his favorite barely above-average team would play for the national championship.
The most heavily inebriated predictions never came true, of course. However, some of the ones made earlier in the evening, when everyone's thinking was clearer, often did.
I bring all of this up because I'm about to make my own predictions -- not about college football, but instead, about stocks. And I won't look through rose-colored (or adult beverage-filled) glasses. These will be the three largest stocks by 2030, in my opinion. (Note: I'm limiting my predictions to stocks traded on major U.S. exchanges.)
Image source: Getty Images.
1. Apple
Sometimes, the obvious answer is the right answer. Apple (NASDAQ: AAPL) ranks as the biggest stock today, based on market cap. I think it will remain at the top of the mountain in 2030.
How will Apple be able to hold onto its lofty perch? It will require more than just minor improvements to new iPhone models. I don't expect the company to be that conservative.
I predict that Apple will release a foldable iPhone that will be wildly popular. However, that won't be its biggest innovation. Look for Apple to launch augmented reality (AR) glasses that will at first be an expensive novelty. But by the end of this decade, I won't be surprised if the company has much less costly versions with impressive functionality.
Apple Pay could be another important growth driver for the company. CFO Luca Maestri noted in the company's recent quarterly update that "a record-breaking number of purchases" were made using the digital-payment service during the holiday shopping season.
Don't overlook the role that artificial intelligence (AI) might play in Apple's growth. When asked about the company's AI strategy in the fiscal 2023 Q1 conference call, CEO Tim Cook responded that AI "will affect every product in every service that we have."
2. Microsoft
Microsoft (NASDAQ: MSFT) currently sits at No. 2, based on market cap. My initial inclination was to predict that the tech giant would lose a spot or two by 2030. However, the more I thought about it, the more I realized that Microsoft is likely to hold onto its position, albeit by a much narrower cushion than it enjoys today.
The best thing that Microsoft has going in its favor is that it's involved in so many hot growth areas. I anticipate that the company will continue to dominate the office productivity market. It will probably also capture a greater market share in the cloud hosting market with its Azure platform.
I'm skeptical that Microsoft's planned acquisition of Activision Blizzard will close, due to regulatory opposition. But I still expect the company will remain a major player in the gaming world with Xbox.
Microsoft is making a huge investment in AI, notably including its stake in OpenAI. I don't expect that the company's Bing search engine will topple Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, even with ChatGPT integration. However, I do predict that Microsoft's AI tools will further cement its position in corporate IT departments.
3. Alphabet
I had a hard time deciding whether to go with Alphabet (which currently ranks in third place) or with Amazon (NASDAQ: AMZN). My hunch is that it's going to be really close between the two. Amazon could slip past Alphabet by 2030. If so, the key differentiator could be Amazon's improving profits and free cash flow.
But I ultimately went with Alphabet. Why? It boils down to two letters: A and I.
Sure, Amazon is a formidable AI leader in its own right. However, I think that OpenAI's ChatGPT threat has stirred the Google dragon. And I look for the dragon to start breathing fire soon.
Alphabet has an opportunity to win developers' hearts and minds with its rival LaMDA AI technology. Integrating LaMDA-based Bard into Google Search won't result in lost advertising revenue, in my view. I fully anticipate that Alphabet will be able to monetize the AI app.
Don't forget Alphabet's Waymo unit, either. The adoption of AI-powered self-driving car technology will increase significantly by the end of the decade. Waymo is likely to be one of the biggest winners.
Is bigger better?
No, bigger isn't always better. In this case, though, I think that the biggest stocks of 2030 will make investors solid returns between now and then.
Apple, Microsoft, and Alphabet (I'd throw Amazon in there with them, too) might not be 10-baggers as some smaller stocks will be. But these already huge companies have plenty of room to run.
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.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Alphabet, Amazon.com, Apple, and Microsoft. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet, Amazon.com, Apple, and Microsoft. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) ranks as the biggest stock today, based on market cap. CFO Luca Maestri noted in the company's recent quarterly update that "a record-breaking number of purchases" were made using the digital-payment service during the holiday shopping season. Integrating LaMDA-based Bard into Google Search won't result in lost advertising revenue, in my view.
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Apple (NASDAQ: AAPL) ranks as the biggest stock today, based on market cap. I don't expect that the company's Bing search engine will topple Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, even with ChatGPT integration. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet, Amazon.com, Apple, and Microsoft.
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Apple (NASDAQ: AAPL) ranks as the biggest stock today, based on market cap. I don't expect that the company's Bing search engine will topple Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, even with ChatGPT integration. Apple, Microsoft, and Alphabet (I'd throw Amazon in there with them, too) might not be 10-baggers as some smaller stocks will be.
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Apple (NASDAQ: AAPL) ranks as the biggest stock today, based on market cap. They would predict how their respective teams' seasons would likely go. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet, Amazon.com, Apple, and Microsoft.
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17134.0
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2023-02-10 00:00:00 UTC
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After Hours Most Active for Feb 10, 2023 : IGSB, PBR, ITUB, CLVT, FTXG, AAPL, IQ, FTSM, PFE, RLJ, DAL, AMZN
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-10-2023-%3A-igsb-pbr-itub-clvt-ftxg-aapl-iq-ftsm-pfe-rlj-dal
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nan
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The NASDAQ 100 After Hours Indicator is down -6.3 to 12,298.62. The total After hours volume is currently 74,887,501 shares traded.
The following are the most active stocks for the after hours session:
iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is unchanged at $50.21, with 6,609,296 shares traded. This represents a 3.27% increase from its 52 Week Low.
Petroleo Brasileiro S.A.- Petrobras (PBR) is unchanged at $11.53, with 6,250,990 shares traded. PBR's current last sale is 96.08% of the target price of $12.
Itau Unibanco Banco Holding SA (ITUB) is -0.005 at $4.92, with 5,177,413 shares traded. As reported by Zacks, the current mean recommendation for ITUB is in the "buy range".
Clarivate Plc (CLVT) is unchanged at $10.96, with 3,031,739 shares traded. As reported by Zacks, the current mean recommendation for CLVT is in the "buy range".
First Trust Nasdaq Food & Beverage ETF (FTXG) is unchanged at $26.36, with 2,686,932 shares traded. This represents a 7.55% increase from its 52 Week Low.
Apple Inc. (AAPL) is -0.05 at $150.96, with 2,669,672 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
iQIYI, Inc. (IQ) is unchanged at $7.45, with 1,828,939 shares traded. IQ's current last sale is 152.04% of the target price of $4.9.
First Trust Enhanced Short Maturity ETF (FTSM) is unchanged at $59.53, with 1,636,493 shares traded. This represents a .45% increase from its 52 Week Low.
Pfizer, Inc. (PFE) is unchanged at $43.88, with 1,533,419 shares traded. PFE's current last sale is 87.76% of the target price of $50.
RLJ Lodging Trust (RLJ) is unchanged at $11.96, with 1,521,093 shares traded. RLJ's current last sale is 79.73% of the target price of $15.
Delta Air Lines, Inc. (DAL) is -0.03 at $38.14, with 1,424,133 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.87. As reported by Zacks, the current mean recommendation for DAL is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.08 at $97.53, with 1,305,713 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.29. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -0.05 at $150.96, with 2,669,672 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is unchanged at $50.21, with 6,609,296 shares traded.
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Apple Inc. (AAPL) is -0.05 at $150.96, with 2,669,672 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023.
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Apple Inc. (AAPL) is -0.05 at $150.96, with 2,669,672 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". First Trust Nasdaq Food & Beverage ETF (FTXG) is unchanged at $26.36, with 2,686,932 shares traded.
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Apple Inc. (AAPL) is -0.05 at $150.96, with 2,669,672 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". iQIYI, Inc. (IQ) is unchanged at $7.45, with 1,828,939 shares traded.
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17135.0
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2023-02-10 00:00:00 UTC
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Apple to defend mobile payment system at Feb. 14 EU hearing, sources say
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AAPL
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https://www.nasdaq.com/articles/apple-to-defend-mobile-payment-system-at-feb.-14-eu-hearing-sources-say
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nan
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nan
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By Foo Yun Chee
BRUSSELS, Feb 10 (Reuters) - Apple Inc AAPL.O will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines.
The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power.
The EU antitrust watchdog has said Apple's anti-competitive practices dated back to 2015 when Apple Pay was launched.
The Commission declined to comment. Apple referred to its statement last year which said that Apple Pay is only one of many options available to European consumers and which has ensured equal access to its tap and go technology Near-Field Communication (NFC).
The company could face fines of up to 10% of its global turnover if found guilty of antitrust violations. It is also the target of EU charges of abusing its dominance in the music streaming market in a case triggered by a complaint by Spotify SPOT.N. There is no EU decision yet on that case.
(Reporting by Foo Yun Chee; editing by Jonathan Oatis)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Foo Yun Chee BRUSSELS, Feb 10 (Reuters) - Apple Inc AAPL.O will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines. The company could face fines of up to 10% of its global turnover if found guilty of antitrust violations. It is also the target of EU charges of abusing its dominance in the music streaming market in a case triggered by a complaint by Spotify SPOT.N.
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By Foo Yun Chee BRUSSELS, Feb 10 (Reuters) - Apple Inc AAPL.O will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines. The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power. (Reporting by Foo Yun Chee; editing by Jonathan Oatis) ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Foo Yun Chee BRUSSELS, Feb 10 (Reuters) - Apple Inc AAPL.O will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines. The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power. The EU antitrust watchdog has said Apple's anti-competitive practices dated back to 2015 when Apple Pay was launched.
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By Foo Yun Chee BRUSSELS, Feb 10 (Reuters) - Apple Inc AAPL.O will seek to convince EU antitrust regulators that it does not block rivals' access to its technology used for mobile wallets at a closed hearing on Tuesday, people familiar with the matter said, the last chance for it to do so before possible hefty fines. The hearing, which senior European Commission and national competition officials, Apple executives and complainants will attend, comes nine months after the EU competition watchdog accused the company of abusing its market power. The EU antitrust watchdog has said Apple's anti-competitive practices dated back to 2015 when Apple Pay was launched.
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17136.0
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2023-02-10 00:00:00 UTC
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How to Buy Stocks Like Warren Buffett's Right-Hand Man Charlie Munger
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AAPL
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https://www.nasdaq.com/articles/how-to-buy-stocks-like-warren-buffetts-right-hand-man-charlie-munger
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nan
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nan
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Nearly every investor in the world is familiar with Warren Buffett and his unbelievable investing track record, but less well known is his intellectual sidekick, Charlie Munger. Munger is well known for dramatically shifting Buffett’s investing ideology, and Buffett credits him for his success in the second half of his career.
Warren Buffett famously quotes Munger, “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.” This would alter the approach Berkshire’s investment, but likely ensured the long-term success of the conglomerate.
Below, I will go over the duo’s history and successes, and at the end cover a new and very different investment they bought in the most recent quarter.
Berkshire Hathaway
The long-term success of Berkshire Hathaway BRK.B cannot be understated. But after his amazing run though the 1960s and 70s Buffett knew, his capital was growing too large to execute his cigar-butt investing strategy. Influenced by his Columbia professor Benjamin Graham, Buffett was focused on buying $1.00 for $0.50, to get what he called a “free puff” through this period.
This type of arbitrage, like many other trading strategies, would eventually run out of alpha as the strategy became more well known, and the opportunities too small for Buffetts capital. And that is where Charlie Munger became pivotal to BRK.B success. Munger advocated for buying great businesses, and holding them forever, very different from Buffett’s style. This new approach would lead to investments in American Express AXP, Moody’s MCO, and Apple AAPL and catapult Berkshire into the investing record books.
Image Source: A Wealth of Common Sense Blog
If you remember during the post-Covid rally, many were calling Buffett and Berkshire out of touch for underperforming the market. Then 2022 came and wiped out all the easy money and speculators. This is where Berkshire showed just how robust it really is and outperformed the market, posting positive returns during one of the worst years in the stock market.
Image Source: Zacks Investment Research
Charles T Munger – Elementary, Worldly Wisdom
Munger, like Buffett grew up in Omaha Nebraska, and even worked at the Buffett family grocery store, although they wouldn’t be introduced until adulthood.
At Harvard Law Munger became an avid poker player where he developed what he called an “important skill,” which would benefit his business career.
He would go on to start the well-known law firm, Munger, Tolles & Olson. But law wasn’t enough for Munger, and he would begin his investing career with several very successful real estate developments in California. Following that he started his own stock investment company which was very successful in its own right, compounding at 20% over 13 years.
At the time when he met Buffett, Munger was still practicing law in addition to his investing career, but Buffett would convince him to quit and join him, to focus all his time on investing. The rest is history.
Munger credits much of his success to his interest in history, philosophy, and his penchant for “uncommon sense.” He believes good businesses are ethical businesses.
If you ever watched Munger speak publicly you will know that he is very crotchety and extremely funny. But then he will say things that are so incredibly profound, often quoting many historical thinkers.
He is also very well known for his concept of inversion. The principle can be well defined by his quote, "All I want to know is where I'm going to die, so I'll never go there."
Munger’s Investments
This concept of “buying wonderful businesses at fair prices,” would be the guide for a number Berkshire’s best investments.
Possibly one of the greatest investments of all time was when Berkshire bought Apple. When Munger and Buffett bought AAPL stock in 2016, the company was quite mature, and expectations for future returns were not exceptional. The iPhone had already been a success, so what else could push the stock higher.
It also seemed unconventional because it was a technology business, and the duo had always shied away from technology. But it was a great franchise, and a “wonderful” company. At the time of investing AAPL traded at a P/E of 13x, not a deep value bargain, but fair.
The investment would go on to earn the Berkshire $160 billion, and Buffett often cites Charlie as a very important factor in the investment.
Image Source: Zacks Investment Research
Another legendary Munger style investment was Coca-Cola KO. The crash of 1987 produced a number of investment opportunities, and KO was one of them. At the time Berkshire invested $1 billion, equivalent to a 6% stake in the company. It has since grown to $22 billion, and a 9.2% stake.
This investment was also one of the earliest departures of Buffett’s original investment strategy. KO was a great company, trading at a fair valuation. Coca-Cola dominated the beverage industry, had global recognition, and was a nearly 100 year old brand at the time. There were huge opportunities in 1987 to trade “cigar butts,” but instead they opted to make a long-term investment.
Berkshire’s Newest Investment
Berkshire’s most recent 13F report shows it built a $4 billion stake in Taiwan Semiconductor TSM, the world’s largest producer of semiconductors. TSM is an amazing company, with a long history of success. The stock has returned 15% annualized since 1998 and is essential to the technology industry.
Image Source: Zacks Investment Research
The stock has fallen out of favor over the last year though, at the worst point correcting 60% off its 2021 high. It has since recovered but is still well off its highs.
TSM along with the rest of the semiconductor industry is experiencing some painful drawdowns after an exceptional couple of years. The boom that followed Covid led to a tremendous oversupply of semis, which is what has hit the industry. But there are few sectors that have tailwinds like semis do. The digital economy is one of the strongest secular trends there is.
Munger and Buffett have invested when sentiment on the stock is low, a brilliant contrarian decision further favoring the investment decision.
TSM is a very well-known franchise and an amazing business. The stock currently trades at a one year forward P/E of 17X, just below is 5-year median of 19x. This isn’t a crazy bargain, but great companies rarely trade at deep discounts. Just as Munger says, buy great businesses at good prices.
Image Source: Zacks Investment Research
Conclusion
Charlie Munger is a sage investor, worth exploring and learning as much as possible from. His method is simple, rooted in reasonable thinking, and history. His approach to buying great companies at good prices influenced one of the greatest investors of all time to completely change his approach to markets.
Munger is also the chairman of a small legal publication and software company called Daily Journal Co DJCO. Not surprisingly he has used his philosophy to dramatically improve the company, and set it on a path to success.
DJCO reports earnings Friday, February 10 after the market close, and Munger often uses the report to make a public statement about the markets. If interested I highly recommend tuning in.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
CocaCola Company (The) (KO) : Free Stock Analysis Report
Moody's Corporation (MCO) : Free Stock Analysis Report
American Express Company (AXP) : Free Stock Analysis Report
Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report
Daily Journal Corp. (S.C.) (DJCO): 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 new approach would lead to investments in American Express AXP, Moody’s MCO, and Apple AAPL and catapult Berkshire into the investing record books. When Munger and Buffett bought AAPL stock in 2016, the company was quite mature, and expectations for future returns were not exceptional. At the time of investing AAPL traded at a P/E of 13x, not a deep value bargain, but fair.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. This new approach would lead to investments in American Express AXP, Moody’s MCO, and Apple AAPL and catapult Berkshire into the investing record books. When Munger and Buffett bought AAPL stock in 2016, the company was quite mature, and expectations for future returns were not exceptional.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report CocaCola Company (The) (KO) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. This new approach would lead to investments in American Express AXP, Moody’s MCO, and Apple AAPL and catapult Berkshire into the investing record books. When Munger and Buffett bought AAPL stock in 2016, the company was quite mature, and expectations for future returns were not exceptional.
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This new approach would lead to investments in American Express AXP, Moody’s MCO, and Apple AAPL and catapult Berkshire into the investing record books. When Munger and Buffett bought AAPL stock in 2016, the company was quite mature, and expectations for future returns were not exceptional. At the time of investing AAPL traded at a P/E of 13x, not a deep value bargain, but fair.
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17137.0
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2023-02-10 00:00:00 UTC
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US STOCKS-Futures fall amid rising yields; Lyft sinks on dour profit outlook
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-fall-amid-rising-yields-lyft-sinks-on-dour-profit-outlook
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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
Futures down: Nasdaq 0.79%, S&P 0.37%, Dow 0.18%
Feb 10 (Reuters) - U.S. stock index futures slipped on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit far below estimates.
Wall Street's main stock indexes were set to clock declines at the end of a week dominated by hawkish commentary from U.S. Federal Reserve officials, as more than half of the companies on the S&P 500 .SPX index wrap up quarterly earnings.
The Nasdaq Composite .IXIC eyed its first weekly fall this year, tracking declines of nearly 2%.
Yield on the benchmark 10-year Treasury note US10YT=RR rose to its highest level in more than a month, last at 3.69%, up 2.9 basis points. U.S. stock indexes fell in the previous session as Treasury yields gained after an auction of 30-year bonds went poorly. US/
Rate-sensitive growth companies led declines in premarket trading on Friday, with Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Alphabet Inc GOOGL.O down between 0.2% and 2.8%.
Rising Treasury yields put valuations of growth stocks under pressure, which was also a recurring theme for 2022.
Lyft IncLYFT.O plummeted 32.9% after it also lowered prices, raising concerns it was falling behind bigger rival Uber Technologies Inc UBER.N. Uber shares dropped 3.7%.
At 5:59 a.m. ET, Dow e-minis 1YMcv1 were down 60 points, or 0.18%, S&P 500 e-minis EScv1 were down 15 points, or 0.37%, and Nasdaq 100 e-minis NQcv1 were down 97.75 points, or 0.79%.
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US/ Rate-sensitive growth companies led declines in premarket trading on Friday, with Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Alphabet Inc GOOGL.O down between 0.2% and 2.8%. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Nasdaq 0.79%, S&P 0.37%, Dow 0.18% Feb 10 (Reuters) - U.S. stock index futures slipped on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit far below estimates. U.S. stock indexes fell in the previous session as Treasury yields gained after an auction of 30-year bonds went poorly.
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US/ Rate-sensitive growth companies led declines in premarket trading on Friday, with Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Alphabet Inc GOOGL.O down between 0.2% and 2.8%. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Nasdaq 0.79%, S&P 0.37%, Dow 0.18% Feb 10 (Reuters) - U.S. stock index futures slipped on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit far below estimates. U.S. stock indexes fell in the previous session as Treasury yields gained after an auction of 30-year bonds went poorly.
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US/ Rate-sensitive growth companies led declines in premarket trading on Friday, with Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Alphabet Inc GOOGL.O down between 0.2% and 2.8%. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Nasdaq 0.79%, S&P 0.37%, Dow 0.18% Feb 10 (Reuters) - U.S. stock index futures slipped on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit far below estimates. Wall Street's main stock indexes were set to clock declines at the end of a week dominated by hawkish commentary from U.S. Federal Reserve officials, as more than half of the companies on the S&P 500 .SPX index wrap up quarterly earnings.
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US/ Rate-sensitive growth companies led declines in premarket trading on Friday, with Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O, Tesla Inc TSLA.O and Alphabet Inc GOOGL.O down between 0.2% and 2.8%. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Nasdaq 0.79%, S&P 0.37%, Dow 0.18% Feb 10 (Reuters) - U.S. stock index futures slipped on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit far below estimates. Wall Street's main stock indexes were set to clock declines at the end of a week dominated by hawkish commentary from U.S. Federal Reserve officials, as more than half of the companies on the S&P 500 .SPX index wrap up quarterly earnings.
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17138.0
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2023-02-10 00:00:00 UTC
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3 Metaverse Stocks to Buy Right Now
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AAPL
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https://www.nasdaq.com/articles/3-metaverse-stocks-to-buy-right-now-5
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nan
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nan
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The metaverse may feel far off, but investors may want to pay close attention to what some of the world's leading technology companies are doing in this space. That's because the metaverse will be worth an estimated $679 billion by 2030.
Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are poised to benefit from it as it grows. Here's why buying these companies now could give you great exposure to the coming metaverse.
Image source: Getty Images.
1. Amazon
Amazon may seem like an odd choice on this list, but the virtual worlds will require lots of cloud computing power, and Amazon Web Services (AWS) has it in spades.
The company has the largest cloud computing market share, with about 34% right now, giving it a firm lead over its closest rival, Microsoft, which holds 21% of the market.
AWS has become a juggernaut of a business for Amazon, with revenue reaching $80 billion in 2022, up 29% from the previous year. Even better news for Amazon investors is the fact that AWS is highly profitable. The cloud segment had $22.8 billion in operating income for the full year.
As the metaverse grows, Amazon's leading position in the cloud could grow right along with it. And with AWS being a profitable powerhouse for the company, investors will want to keep a close eye on this space.
2. Apple
Apple is best known for its iPhones, but the company is looking beyond smartphones for its next big thing. Rumors have been swirling for a while that Apple is on the cusp of debuting a mixed-reality headset (augmented reality and virtual reality), and Bloomberg said recently that the device would likely debut this year.
This matters because Apple has a long history of entering new markets and creating demand for them, and no other company has arguably had the same success in pairing hardware and software together to create a winning product.
The metaverse could end up being a significant market worth waiting on for Apple investors. Counterpoint Research estimates that AR/VR headset sales could surpass 100 million headsets in 2025, up from 50 million this year.
Additionally, Apple could be a huge winner in the metaverse app space as well. The company has proven that it knows how to grow its services business, which includes sales through its App Store, with revenue in the segment reaching an all-time high of $20.8 billion.
Any new Apple headset will be paired with an online store with metaverse apps, giving the company even more opportunity to grow its services segment.
3. Nvidia
Nvidia's CEO, Jensen Huang, has called the metaverse the "next evolution of the internet," and the company is poised to benefit from it with its popular graphics processing units (GPUs). The company's chips are already a go-to choice in the gaming industry, making them an obvious choice for metaverse hardware as well.
Nvidia has already set up a platform for helping developers to create and operate their metaverse applications, and its GPUs will likely play a big role in metaverse cloud computing as well.
Nvidia's GPUs are used in high-powered data centers for tasks, including artificial intelligence processing, and as the metaverse grows, it is going to need plenty of these high-end data centers to keep it running smoothly.
Nvidia's data center segment sales increased 30% in the most recent quarter to $3.8 billion, and the company believes there's plenty more growth ahead. Huang believes that the metaverse will be a "new economy" that could surpass the size of the current economy. While that seems a bit overly optimistic, it's clear Nvidia's management is very bullish on the future of the metaverse.
Be patient with this space
Like any brand-new technology that's just getting started, it's going to take the metaverse a little while to find its footing. But investors who are looking to benefit from the potential growth of the metaverse over the next few years should give Amazon, Apple, and Nvidia strong consideration.
These companies are already making significant moves into this space and could prove to have an early start among their competitors.
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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. Chris Neiger has positions in Apple. The Motley Fool has positions in and recommends Amazon.com, Apple, Microsoft, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are poised to benefit from it as it grows. The company has proven that it knows how to grow its services business, which includes sales through its App Store, with revenue in the segment reaching an all-time high of $20.8 billion. Any new Apple headset will be paired with an online store with metaverse apps, giving the company even more opportunity to grow its services segment.
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Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are poised to benefit from it as it grows. The company has proven that it knows how to grow its services business, which includes sales through its App Store, with revenue in the segment reaching an all-time high of $20.8 billion. Nvidia's data center segment sales increased 30% in the most recent quarter to $3.8 billion, and the company believes there's plenty more growth ahead.
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Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are poised to benefit from it as it grows. Any new Apple headset will be paired with an online store with metaverse apps, giving the company even more opportunity to grow its services segment. Nvidia Nvidia's CEO, Jensen Huang, has called the metaverse the "next evolution of the internet," and the company is poised to benefit from it with its popular graphics processing units (GPUs).
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Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are poised to benefit from it as it grows. As the metaverse grows, Amazon's leading position in the cloud could grow right along with it. Any new Apple headset will be paired with an online store with metaverse apps, giving the company even more opportunity to grow its services segment.
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17139.0
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2023-02-10 00:00:00 UTC
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MGK, AAPL, MSFT, CRM: Large Inflows Detected at ETF
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AAPL
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https://www.nasdaq.com/articles/mgk-aapl-msft-crm%3A-large-inflows-detected-at-etf
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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 Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $170.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 55,114,192 to 55,989,192). Among the largest underlying components of MGK, in trading today Apple Inc (Symbol: AAPL) is up about 0.1%, Microsoft Corporation (Symbol: MSFT) is off about 0.3%, and Salesforce Inc (Symbol: CRM) is lower by about 2.8%. For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average:
Looking at the chart above, MGK's low point in its 52 week range is $165.90 per share, with $242.10 as the 52 week high point — that compares with a last trade of $193.62. 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 ».
Free Report: Top 8%+ Dividends (paid monthly)
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:
WLY Dividend History
DRCT market cap history
Institutional Holders of BVS
The views and 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 MGK, in trading today Apple Inc (Symbol: AAPL) is up about 0.1%, Microsoft Corporation (Symbol: MSFT) is off about 0.3%, and Salesforce Inc (Symbol: CRM) is lower by about 2.8%. 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 MGK, in trading today Apple Inc (Symbol: AAPL) is up about 0.1%, Microsoft Corporation (Symbol: MSFT) is off about 0.3%, and Salesforce Inc (Symbol: CRM) is lower by about 2.8%. For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $165.90 per share, with $242.10 as the 52 week high point — that compares with a last trade of $193.62. Click here to find out which 9 other ETFs had notable inflows » Also see: WLY Dividend History DRCT market cap history Institutional Holders of BVS The views and 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 MGK, in trading today Apple Inc (Symbol: AAPL) is up about 0.1%, Microsoft Corporation (Symbol: MSFT) is off about 0.3%, and Salesforce Inc (Symbol: CRM) is lower by about 2.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $170.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 55,114,192 to 55,989,192). For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $165.90 per share, with $242.10 as the 52 week high point — that compares with a last trade of $193.62.
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Among the largest underlying components of MGK, in trading today Apple Inc (Symbol: AAPL) is up about 0.1%, Microsoft Corporation (Symbol: MSFT) is off about 0.3%, and Salesforce Inc (Symbol: CRM) is lower by about 2.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $170.1 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 55,114,192 to 55,989,192). For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $165.90 per share, with $242.10 as the 52 week high point — that compares with a last trade of $193.62.
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17140.0
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2023-02-10 00:00:00 UTC
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Will the Nasdaq ETF Lose Shine on Weak Tech Earnings?
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AAPL
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https://www.nasdaq.com/articles/will-the-nasdaq-etf-lose-shine-on-weak-tech-earnings
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nan
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nan
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The technology sector, which had its best January in decades, lost some momentum lately following a slew of weak earnings reports from the tech titans. Hawkish remarks from Fed officials added to the softness.
As such, the tech-heavy Nasdaq Composite Index lost 3.4% over the past week. Still, the ETFs managed to remain in green in the same time frame. Invesco QQQ QQQ, which serves as a proxy to the index, gained 1.1% in a week.
QQQ in Focus
Invesco QQQ provides exposure to the 101 largest domestic and international non-financial companies listed on the Nasdaq. Information technology accounts for 50.3% of the assets, while communication services and consumer discretionary make up for a 16.6% and 15.6% share, respectively.
Invesco QQQ is one of the largest and most-popular ETFs in the large-cap space, with AUM of $164 billion and an average daily volume of around 43.5 million shares. Invesco QQQ charges investors 20 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Weak Tech Earnings
Earnings from 79.9% of the sector’s market capitalization that have reported results so far are down 20% from the same period last year on 4.2% lower revenues, with 65.1% beating EPS estimates and 67.4% beating revenue estimates. The earnings beat ratio is the lowest in the preceding 20 quarters, while the revenue surprise is also toward the lower end of the 5-year range. Overall, the sector is expected to report an earnings decline of 18.2%.
Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. The tech giant posted its largest year-over-year quarterly revenue decline since 2019 and the biggest annual quarterly revenue drop since September 2016. Alphabet GOOGL also disappointed investors, missing estimates on both earnings and revenues as the ongoing economic slowdown has affected the company’s digital ad business (read: ETFs in Focus on Apple's First Earnings Miss Since 2016).
Intel INTC also came up with weaker results and offered a weak outlook for 2023, citing cooling demand for its chips used in personal computers. Although Amazon AMZN beat earnings and revenue estimates, it posted the least profitable holiday quarter since 2014 and the biggest-ever annual loss as a public company (read: ETFs in Focus Posts Amazon's Biggest Annual Loss Ever).
Microsoft MSFT earnings topped estimates but it missed on revenues and forecast weak cloud revenues. Meanwhile, Facebook’s parent company Meta Platforms META also reported better-than-expected earnings and revenue numbers. Though the social media giant reported its third consecutive quarterly drop in revenues, it provided an upbeat revenue forecast, signaling a rebound in demand for digital ads after months of weak sales.
Other Factors
In addition to weak earnings, layoffs will dampen the short-term outlook for tech stocks. Additionally, investors are reversing their bullish action on the sector by putting money into inverse Nasdaq ETF. ProShares UltraPro Short QQQ SQQQ, which bets against the performance of the 100 largest companies listed on the Nasdaq Stock Market, saw a record monthly inflow of $1.9 billion in January, according to Bloomberg data. It also pulled in around $621 million in capital so far in February (read: 5 ETFs That Gained Investors' Love Last Week).
Slower Rate Hike Bets: A Positive
The bets that the Fed might slow down the rate hike plan will drive the tech stocks higher, as inflation is cooling, wage growth is decelerating and consumer confidence is increasing. A pause in interest rate increases is a positive sign for technology stocks.
As the tech sector relies on borrowing for superior growth, it is cheaper to borrow more money for further initiatives when interest rates are low. The latest action by the Fed signals that it could be closer to pausing its current rate-hiking campaign. The central bank lifted its benchmark interest rate by 0.25 percentage points to 4.5-4.75% in the latest meeting (read: 5 ETFs to Ride On as Nasdaq Clocks Best January in 20 Years).
The Fed’s smaller rate increase after its first monetary policy meeting of the year reflects growing confidence that inflation is on a downward trajectory after several months of encouraging data. Chair Jerome Powell said, "the disinflationary process has started" in the world's largest economy, although he signaled that interest rates would continue to rise and cuts were not in the offing. Moderating inflation, rising GDP growth and a resilient jobs market indicate that the economy is holding steady and might remain strong.
Further, the Nasdaq is statistically highly oversold versus the S&P 500 right now, per various market participants.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Invesco QQQ charges investors 20 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. The tech giant posted its largest year-over-year quarterly revenue decline since 2019 and the biggest annual quarterly revenue drop since September 2016.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Weak Tech Earnings Earnings from 79.9% of the sector’s market capitalization that have reported results so far are down 20% from the same period last year on 4.2% lower revenues, with 65.1% beating EPS estimates and 67.4% beating revenue estimates.
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Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Invesco QQQ QQQ, which serves as a proxy to the index, gained 1.1% in a week.
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2023-02-10 00:00:00 UTC
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These 3 Companies Generate Serious Cash
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AAPL
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https://www.nasdaq.com/articles/these-3-companies-generate-serious-cash
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nan
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Scouting for stocks can sometimes be tiring, especially with so many options out there. However, one common metric investors love to focus on is free cash flow.
Still, what is free cash flow?
Free cash flow is the total cash a company holds onto after paying for operating costs and capital expenditures.
It speaks volumes about a company’s financial health, but in what way?
A healthy free cash flow provides more growth opportunities, a higher potential for share buybacks, stable dividend payouts, and the ability to wipe out any debt with ease.
Three companies – Apple AAPL, Exxon Mobil XOM, and Visa V – boast strong cash-generating abilities. Below is a chart illustrating the year-to-date performance of all three, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
Let’s take a closer look at each one.
Exxon Mobil
Exxon Mobil is a U.S.-based oil and gas entity, one of the world's largest publicly traded energy companies.
Rising energy prices have benefited the company significantly; XOM generated $17.1 billion in free cash flow throughout its latest quarter, growing an impressive 30% year-over-year.
Image Source: Zacks Investment Research
In addition, the company rewards its shareholders via its annual dividend, currently yielding a solid 3.2% paired with a sustainable payout ratio sitting at 26% of its earnings.
Image Source: Zacks Investment Research
Apple
We’ve all become familiar with Apple, the mega-cap technology giant that’s been a portfolio staple for some time now.
The company generated an impressive $30.2 billion in free cash flow throughout its latest quarter, growing 45% sequentially.
Image Source: Zacks Investment Research
In addition, AAPL shares currently trade at a 24.9X forward earnings multiple, below the steep highs of 31.3X in 2022 and modestly above the Zacks Computer and Technology sector average.
Image Source: Zacks Investment Research
Visa
A multinational financial services company, Visa facilitates electronic funds transfers through Visa-branded debit, credit, and prepaid cards.
In the company’s latest release on January 26th, Visa reported free cash flow of nearly $4 billion, slipping marginally year-over-year in the face of a harsh economic environment.
Image Source: Zacks Investment Research
While the company’s 0.8% annual dividend is below the Zacks Finance sector average, Visa’s 15.3% five-year annualized dividend growth rate helps to pick up the slack in a big way.
Image Source: Zacks Investment Research
In addition, Visa has an impressive earnings track record, exceeding earnings and revenue estimates in 12 consecutive quarters.
Just in its latest release, the company registered a nearly 9% EPS beat and reported revenue 3.4% above expectations. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Bottom Line
Companies with strong cash-generating abilities are well-established and carry highly-successful business operations, undoubtedly perks that any investor looks for.
And all three companies above – Apple AAPL, Exxon Mobil XOM, and Visa V – have little issue generating cash.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : 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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Three companies – Apple AAPL, Exxon Mobil XOM, and Visa V – boast strong cash-generating abilities. Image Source: Zacks Investment Research In addition, AAPL shares currently trade at a 24.9X forward earnings multiple, below the steep highs of 31.3X in 2022 and modestly above the Zacks Computer and Technology sector average. And all three companies above – Apple AAPL, Exxon Mobil XOM, and Visa V – have little issue generating cash.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here. Three companies – Apple AAPL, Exxon Mobil XOM, and Visa V – boast strong cash-generating abilities. Image Source: Zacks Investment Research In addition, AAPL shares currently trade at a 24.9X forward earnings multiple, below the steep highs of 31.3X in 2022 and modestly above the Zacks Computer and Technology sector average.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here. Three companies – Apple AAPL, Exxon Mobil XOM, and Visa V – boast strong cash-generating abilities. Image Source: Zacks Investment Research In addition, AAPL shares currently trade at a 24.9X forward earnings multiple, below the steep highs of 31.3X in 2022 and modestly above the Zacks Computer and Technology sector average.
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Three companies – Apple AAPL, Exxon Mobil XOM, and Visa V – boast strong cash-generating abilities. Image Source: Zacks Investment Research In addition, AAPL shares currently trade at a 24.9X forward earnings multiple, below the steep highs of 31.3X in 2022 and modestly above the Zacks Computer and Technology sector average. And all three companies above – Apple AAPL, Exxon Mobil XOM, and Visa V – have little issue generating cash.
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2023-02-10 00:00:00 UTC
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US STOCKS-Wall St eyes lower open; Lyft sinks on dour outlook
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-lower-open-lyft-sinks-on-dour-outlook
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nan
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nan
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By Shreyashi Sanyal and Johann M Cherian
Feb 10 (Reuters) - U.S. stock indexes were set to open lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates.
Wall Street's main stock indexes were set to clock declines for the week, which was dominated by hawkish commentary from U.S. Federal Reserve officials and earnings reports more than half of the S&P 500 .SPX constituent companies.
The Nasdaq Composite .IXIC eyed its first weekly fall this year, tracking declines of nearly 2%.
Yields on the benchmark 10-year Treasury note US10YT=RR rose to their highest in more than a month and weighed on U.S. stock indexes, following an auction of 30-year bonds that saw weak demand. US/
Rising Treasury yields put valuations of growth stocks under pressure. Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 1.5% in early trading.
"If you get 4% in Treasuries risk free, why would you risk any money in the stock market?" said Adam Sarhan, chief executive at 50 Park Investments. "It definitely impacts the NASDAQ 100 type stock because they're very sensitive to interest rates."
At 8:32 a.m. ET, Dow e-minis 1YMcv1 were down 122 points, or 0.36%, S&P 500 e-minis EScv1 were down 20.5 points, or 0.5%, and Nasdaq 100 e-minis NQcv1 were down 99.25 points, or 0.8%.
Lyft IncLYFT.O plummeted 31.4% after it also lowered prices, raising concerns it was falling behind bigger rival Uber Technologies Inc UBER.N. Uber shares dropped 3.6%.
Sharpie maker Newell Brands IncNWL.Oslid 6.4% on lower-than-expected annual forecasts, while stating Chief Executive Ravi Saligram would retire.
Intel CorpINTC.O is weighing a $1.5-billion expansion of its chip testing and packaging plant in Vietnam, two sources familiar with the matter told Reuters. Shares of the chip behemoth dipped 0.6%.
Also on the radar, a preliminary reading of the University of Michigan Consumer Sentiment survey is expected at 10:00 a.m. ET to gauge if consumer mood looked up from its two-year low of 64.6 last month on easing prices. A Reuters poll of economists showed levels of 65 in February.
(Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta and Saumyadeb Chakrabarty)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and 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, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 1.5% in early trading. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - U.S. stock indexes were set to open lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. Wall Street's main stock indexes were set to clock declines for the week, which was dominated by hawkish commentary from U.S. Federal Reserve officials and earnings reports more than half of the S&P 500 .SPX constituent companies.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 1.5% in early trading. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - U.S. stock indexes were set to open lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. US/ Rising Treasury yields put valuations of growth stocks under pressure.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 1.5% in early trading. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - U.S. stock indexes were set to open lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. Wall Street's main stock indexes were set to clock declines for the week, which was dominated by hawkish commentary from U.S. Federal Reserve officials and earnings reports more than half of the S&P 500 .SPX constituent companies.
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Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 1.5% in early trading. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - U.S. stock indexes were set to open lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. Uber shares dropped 3.6%.
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2023-02-10 00:00:00 UTC
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Better Growth Stock: Nvidia vs. Apple
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AAPL
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https://www.nasdaq.com/articles/better-growth-stock%3A-nvidia-vs.-apple
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nan
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nan
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Tech stocks have been on the rise in 2023 after a sell-off the previous year. Investors are bullish over the prospects of swiftly developing industries such as artificial intelligence and virtual reality, and what they could mean for the companies actively pursuing them.
Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) suffered stock slides in 2022 alongside macroeconomic headwinds. However, the new year has Wall Street optimistic, with both stocks up over 20% since Jan. 1.
As these tech stocks begin to recover, now might be an excellent time to invest in one of these high-growth companies. So, is Nvidia or Apple's stock the better buy? Let's take a look.
Nvidia maintains strong future with AI innovation
Nvidia shares plunged 50% throughout 2022 as consumer demand for PC components slipped. While the company's majority market share in discrete graphics processing units (GPUs) has propelled it into a position of dominance in the tech industry, it also led to significant losses in 2022 as worldwide GPU shipments fell 42%.
Despite the challenging year, Nvidia has proved its resilience in 2023 by pivoting its business toward a burgeoning market: artificial intelligence (AI). The move has pumped its stock up 55% year to date, as AI is increasingly likely to be a significant focus of future technology.
According to Grand View Research, the AI market was worth $136.55 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 37.3% through 2030. Considering Nvidia's GPUs have the power to run and develop AI software, the company could have a fruitful future in the quickly growing market.
Moreover, Nvidia's recent partnership with Microsoft's Azure to build a massive cloud AI computer is only more promising for its outlook. Microsoft invested $1 billion in AI start-up OpenAI in 2019, which stunned the tech world last November with the launch of ChatGPT -- a chatbot that can create human-like prose based on prompts. The impressive software has led to reports that Microsoft is considering investing a further $10 billion in the start-up.
As one of the best growth stocks out there, Nvidia shares have risen 283% in the last five years and over 7,000% in the last 10. With its powerful GPUs in hand and a collaboration with one of the biggest names in AI, Nvidia likely has a lucrative future over the long term.
Apple could see new catalyst in rumored AR/VR headset
Like Nvidia, Apple's stock suffered from a burdened tech market in 2022, with its shares falling almost 27% throughout the year. However, reports that the company's biggest product release of 2023 will see it venture into virtual/augmented reality with a new headset have boosted its stock by 21% year to date.
While Apple is already home to a solid business through its current lineup of products and services, the new headset will allow the company to take advantage of a technology of the future. Worth $25.33 billion in 2021, the AR market is expected to grow at a CAGR of 40.9% through 2030 (per Grand View Research). Meanwhile, VR will see a CAGR of 15% in the same period.
In the past, mixed reality devices have predominantly been geared toward gamers. However, experts see the technology easily applied to fields such as healthcare, education, and more in the future. With Apple's past success in entering new markets and quickly rising to dominance, an investment in the tech giant could be an investment in a future leader of the industry.
Apple shares have increased 288% over the last five years and 825% in the last decade, solidifying it as one of the most reliable growth stocks on the market. While both Nvidia and Apple likely have a long future of growth ahead, Apple's forward price-to-earnings (P/E) ratio in the chart below shows its stock currently offers more value.
Data by YCharts
Additionally, Apple's forward P/E over the last year has remained far more steady than Nvidia's, which has seen steeper peaks and valleys. As a result, Apple is the more consistent and reliable stock, making it the better growth stock to invest in this month.
Find out why Nvidia is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Nvidia is on the list -- but there are nine others you may be overlooking.
Click here to get access to the full list!
*Stock Advisor returns as of January 9, 2023
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) suffered stock slides in 2022 alongside macroeconomic headwinds. While the company's majority market share in discrete graphics processing units (GPUs) has propelled it into a position of dominance in the tech industry, it also led to significant losses in 2022 as worldwide GPU shipments fell 42%. Microsoft invested $1 billion in AI start-up OpenAI in 2019, which stunned the tech world last November with the launch of ChatGPT -- a chatbot that can create human-like prose based on prompts.
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Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) suffered stock slides in 2022 alongside macroeconomic headwinds. According to Grand View Research, the AI market was worth $136.55 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 37.3% through 2030. Considering Nvidia's GPUs have the power to run and develop AI software, the company could have a fruitful future in the quickly growing market.
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Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) suffered stock slides in 2022 alongside macroeconomic headwinds. Apple could see new catalyst in rumored AR/VR headset Like Nvidia, Apple's stock suffered from a burdened tech market in 2022, with its shares falling almost 27% throughout the year. Apple shares have increased 288% over the last five years and 825% in the last decade, solidifying it as one of the most reliable growth stocks on the market.
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Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) suffered stock slides in 2022 alongside macroeconomic headwinds. As one of the best growth stocks out there, Nvidia shares have risen 283% in the last five years and over 7,000% in the last 10. While both Nvidia and Apple likely have a long future of growth ahead, Apple's forward price-to-earnings (P/E) ratio in the chart below shows its stock currently offers more value.
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2023-02-10 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-7
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nan
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nan
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The WisdomTree U.S. LargeCap Dividend ETF (DLN) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Managed by Wisdomtree, DLN has amassed assets over $3.78 billion, making it one of the average sized ETFs in the Style Box - Large Cap Value. Before fees and expenses, this particular fund seeks to match the performance of the WisdomTree U.S. LargeCap Dividend Index.
The WisdomTree U.S. LargeCap Dividend Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the U.S. dividend-paying market.
Cost & Other Expenses
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.
DLN's 12-month trailing dividend yield is 2.48%.
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.
DLN's heaviest allocation is in the Information Technology sector, which is about 17.50% of the portfolio. Its Healthcare and Financials round out the top three.
Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT).
Its top 10 holdings account for approximately 25.03% of DLN's total assets under management.
Performance and Risk
Year-to-date, the WisdomTree U.S. LargeCap Dividend ETF has added about 1.63% so far, and is down about -2.36% over the last 12 months (as of 02/10/2023). DLN has traded between $55.26 and $66.91 in this past 52-week period.
DLN has a beta of 0.89 and standard deviation of 23.68% 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 an excellent option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
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 $52.85 billion in assets, Vanguard Value ETF has $103.37 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.
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
WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Vanguard Value ETF (VTV): ETF Research Reports
iShares Russell 1000 Value ETF (IWD): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of 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. The WisdomTree U.S. LargeCap Dividend ETF (DLN) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer 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. Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). Alternatives WisdomTree U.S. LargeCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Value segment of the market.
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Click to get this free report WisdomTree U.S. LargeCap Dividend ETF (DLN): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT). The WisdomTree U.S. LargeCap Dividend ETF (DLN) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.
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Looking at individual holdings, Exxon Mobil Corp (XOM) accounts for about 3.87% of 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. The WisdomTree U.S. LargeCap Dividend ETF (DLN) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.
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2023-02-10 00:00:00 UTC
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US STOCKS-Nasdaq edges lower, Lyft sinks on dour outlook
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AAPL
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https://www.nasdaq.com/articles/us-stocks-nasdaq-edges-lower-lyft-sinks-on-dour-outlook
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nan
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nan
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By Shreyashi Sanyal and Johann M Cherian
Feb 10 (Reuters) - The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast.
The Nasdaq eyed its first weekly fall this year, while the S&P 500 and the Dow were set to clock declines for a week dominated by hawkish commentary from U.S. Federal Reserve officials and earnings reports from more than half of the S&P 500 .SPX constituents.
Yields on the benchmark 10-year Treasury note US10YT=RR rose to their highest in more than a month following an auction of 30-year bonds that saw weak demand. US/
Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 4.4%. Rising Treasury yields put valuations of growth stocks under strain.
"If you get 4% in Treasuries risk free, why would you risk any money in the stock market?" said Adam Sarhan, chief executive at 50 Park Investments. "It definitely impacts the NASDAQ 100 type stock because they're very sensitive to interest rates."
At 10:09 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.18 points, or 0.00%, at 33,700.06, the S&P 500 .SPX was down 9.72 points, or 0.24%, at 4,071.78, and the Nasdaq Composite .IXIC was down 92.48 points, or 0.78%, at 11,697.10.
Eight out of 11 major S&P 500 sectors fell, with the consumer discretionary sector .SPLRCD dropping 1.3%. The energy sector .SPNY added 2.2% as oil prices climbed on Russia's plans to cut crude supplies.
Lyft IncLYFT.O plummeted 35.3% as current-quarter profit forecast was well below estimates and it also lowered prices, raising concerns it was falling behind bigger rival Uber Technologies Inc UBER.N. Uber shares dropped 3.6%.
Sharpie maker Newell Brands IncNWL.O slid 4.8% on lower-than-expected annual forecasts, while also announcing the retirement of Chief Executive Ravi Saligram.
More than half of the firms listed on the S&P 500 have reported earnings with 69% beating profit estimates for the quarter as per Refinitiv.
Intel CorpINTC.O is weighing a $1.5-billion expansion of its chip testing and packaging plant in Vietnam, two sources familiar with the matter told Reuters. Shares of the chip behemoth dipped 0.7%.
U.S. consumer sentiment survey improved further in February month-on-month, but households expected higher inflation to persist over the next 12 months, the University of Michigan's preliminary February reading showed.
Declining issues outnumbered advancers for a 1.61-to-1 ratio on the NYSE and for a 2.08-to-1 ratio on the Nasdaq.
The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 13 new highs and 39 new lows.
(Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta, Saumyadeb Chakrabarty and Sriraj Kalluvila)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US/ Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 4.4%. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. Lyft IncLYFT.O plummeted 35.3% as current-quarter profit forecast was well below estimates and it also lowered prices, raising concerns it was falling behind bigger rival Uber Technologies Inc UBER.N.
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US/ Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 4.4%. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. Eight out of 11 major S&P 500 sectors fell, with the consumer discretionary sector .SPLRCD dropping 1.3%.
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US/ Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 4.4%. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. The Nasdaq eyed its first weekly fall this year, while the S&P 500 and the Dow were set to clock declines for a week dominated by hawkish commentary from U.S. Federal Reserve officials and earnings reports from more than half of the S&P 500 .SPX constituents.
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US/ Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Microsoft Corp MSFT.O and Tesla Inc TSLA.O were down between 0.6% and 4.4%. By Shreyashi Sanyal and Johann M Cherian Feb 10 (Reuters) - The Nasdaq index fell on Friday as growth stocks came under pressure after Treasury yields extended gains, while shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. Rising Treasury yields put valuations of growth stocks under strain.
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17146.0
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2023-02-10 00:00:00 UTC
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ChatGPT Mania: 3 Stocks to Buy Hand Over Fist
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AAPL
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https://www.nasdaq.com/articles/chatgpt-mania%3A-3-stocks-to-buy-hand-over-fist
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nan
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The release of the latest version of ChatGPT brought a renewed focus on artificial intelligence (AI) and machine learning. With the software able to pass difficult occupational tests and produce intelligent-sounding writing, it has stoked fear while showing the potential for AI innovation.
However, numerous tech companies have invested heavily in bolstering their AI capabilities. That fact alone could prompt investors to view Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL) in a new light as they apply AI and machine learning to advance technological innovation. Here, three Motley Fool contributors look at what each of the companies is doing.
Microsoft is implementing artificial intelligence throughout its business
Justin Pope (Microsoft): Artificial intelligence is the latest rage on Wall Street; Microsoft recently announced a multiyear and multibillion-dollar partnership with OpenAI, the company that developed the AI-powered headline-making chatbot ChatGPT. But this isn't Microsoft's first rodeo; the company's latest partnership builds on two existing investments in the same company, first in 2019 and then in 2021.
Microsoft's relationship with OpenAI won't immediately move the needle on the company's income statement but carries multiple strategic advantages in the ruthlessly competitive technology sector. First, Microsoft aims to fellow tech giant Alphabet by going after Google Search. Microsoft is integrating ChatGPT into its Bing Search Engine and Edge web browser to improve the user experience.
Second, Microsoft has woven AI into its cloud platform Azure, recently announcing the full launch of Azure OpenAI Service. This platform is where enterprises can build and support AI applications on the Azure platform. Intelligent Cloud, which houses Azure, is already big business for Microsoft, doing $41.8 billion in revenue through six months of its fiscal 2023 year (40% of sales). But Microsoft hopes to not only bolster Azure's growth with new applications but also lock in customers who build AI products on the platform.
Again, the financial impact of OpenAI won't be felt today, and perhaps not tomorrow. Microsoft has a market cap approaching $2 trillion, putting a few billion dollars into perspective. However, Microsoft is seemingly playing the long game, banking on OpenAI's technology to bolster products and services throughout the company. That benefit could become significant over time.
Until then, Microsoft's presence throughout the tech world makes it a blue-chip stock worth considering for any long-term portfolio.
ChatGPT dominates the headlines, but Google still dominates internet search
Jake Lerch (Alphabet): Fads come and go -- especially on Wall Street. Remember the hype around Blockchain? NFTs? Fully autonomous vehicles?
In time, each of these technologies might live up to their promised potential. However, the world continues to wait. Similarly, OpenAI's ChatGPT is all the rage today, but let's take a step back. In this case, the narrative is that OpenAI's ChatGPT, through its partnership with Microsoft, is about to overthrow Alphabet's Google Search.
There are, however, a few problems with this thesis.
First, let's get a sense of the landscape. It's estimated that Google Search has roughly 84% of the desktop internet search traffic as of December 2022. Meanwhile, Microsoft's Bing clocks in at less than 9%.
Data source: Statista.
While that leaves plenty of opportunity for Microsoft, it's also a huge hill to climb. One of the biggest advantages Alphabet has in this new AI-assisted search arms race is that Alphabet already has a head start in gathering user-specific data. And the company has tons of it.
Suppose you use Gmail, have a YouTube account, and use Google Maps to get around. In that case, Alphabet already knows where you live, who you know, and what entertainment you like. That's an enormous leg up for Alphabet's AI Bard. What's more, Bard is built on Alphabet's Language Model for Dialogue Applications (LaMDA), which might run faster -- and therefore scale better -- than OpenAI's ChatGPT.
Even so, only time will tell which tool (ChatGPT or Bard) is more successful. However, for investors who might be tempted to ditch Alphabet, given all the hype around ChatGPT, I have this advice: Stay calm.
Alphabet's massive search business isn't going away anytime soon. Innovation, however impressive, rarely upends as quickly as people imagine. If you don't believe me, just check for the fully autonomous self-driving car in your garage.
This tech giant is quietly biting into AI
Will Healy (Apple): Despite Microsoft's relationship with ChatGPT and Alphabet's longtime focus on AI and machine learning, investors should not count out fellow tech giant Apple. Apple has not touted these capabilities quite as loudly as its competitors, and admittedly, stockholders should not expect to see an AI segment in the revenue breakdowns any time soon.
However, on Apple's Q1 2023 earnings call, CEO Tim Cook referred to AI as a "major focus of ours." He added that it would affect all of Apple's products and services.
That statement appears mostly true already. Apps ranging from FaceID to the translate app to native sleep tracking rely on AI. These advancements enhance the functionality of Apple's iPhones, Macs, iPads, and Apple Watches, placing AI and ML on nearly all of Apple's 2 billion active devices.
Moreover, the number of AI/machine learning-based applications in Apple's products will likely increase. Apple has long prioritized research and developing applications using AI and machine learning. Since 2020, the company has funded Apple Scholars in AI and machine learning, funding fellowships for Ph.D. candidates in this field. These have yielded studies such as showing how Apple's RoomPlan can create 3D representations or sponsoring a conference where experts share research on neural information processing systems.
Such advancements could give Apple stock some much-needed help. In the first quarter of fiscal 2023 (which ended Dec. 31), net sales fell 5% on lower device sales. And since operating expenses rose, fiscal Q1 net income fell to $30 billion versus $35 billion the year before. That performance and the tech bear market have likely contributed to the 12-month decline in Apple stock.
Still, Apple's challenges appear temporary, as revenue grew 9% in fiscal 2022 (which ended Sept. 24). Hence, it will likely return to double-digit growth as economic conditions improve. Additionally, Apple also claims more than $165 billion in liquidity, meaning it should possess the resources needed to keep up with or possibly surpass its peers in the AI and ML fields.
10 stocks we like better than Microsoft
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of February 8, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Jake Lerch has positions in Alphabet. Justin Pope has no position in any of the stocks mentioned. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, and Microsoft. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That fact alone could prompt investors to view Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL) in a new light as they apply AI and machine learning to advance technological innovation. Microsoft's relationship with OpenAI won't immediately move the needle on the company's income statement but carries multiple strategic advantages in the ruthlessly competitive technology sector. These have yielded studies such as showing how Apple's RoomPlan can create 3D representations or sponsoring a conference where experts share research on neural information processing systems.
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That fact alone could prompt investors to view Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL) in a new light as they apply AI and machine learning to advance technological innovation. Microsoft is implementing artificial intelligence throughout its business Justin Pope (Microsoft): Artificial intelligence is the latest rage on Wall Street; Microsoft recently announced a multiyear and multibillion-dollar partnership with OpenAI, the company that developed the AI-powered headline-making chatbot ChatGPT. This tech giant is quietly biting into AI Will Healy (Apple): Despite Microsoft's relationship with ChatGPT and Alphabet's longtime focus on AI and machine learning, investors should not count out fellow tech giant Apple.
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That fact alone could prompt investors to view Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL) in a new light as they apply AI and machine learning to advance technological innovation. Microsoft is implementing artificial intelligence throughout its business Justin Pope (Microsoft): Artificial intelligence is the latest rage on Wall Street; Microsoft recently announced a multiyear and multibillion-dollar partnership with OpenAI, the company that developed the AI-powered headline-making chatbot ChatGPT. This tech giant is quietly biting into AI Will Healy (Apple): Despite Microsoft's relationship with ChatGPT and Alphabet's longtime focus on AI and machine learning, investors should not count out fellow tech giant Apple.
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That fact alone could prompt investors to view Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL) in a new light as they apply AI and machine learning to advance technological innovation. In this case, the narrative is that OpenAI's ChatGPT, through its partnership with Microsoft, is about to overthrow Alphabet's Google Search. This tech giant is quietly biting into AI Will Healy (Apple): Despite Microsoft's relationship with ChatGPT and Alphabet's longtime focus on AI and machine learning, investors should not count out fellow tech giant Apple.
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17147.0
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2023-02-10 00:00:00 UTC
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China's Economic Reopening Is Boosting Sales for Apple and Easing Supply Chain Constraints
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AAPL
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https://www.nasdaq.com/articles/chinas-economic-reopening-is-boosting-sales-for-apple-and-easing-supply-chain-constraints
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nan
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nan
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Apple's (NASDAQ: AAPL) improving prospects in China could be a huge relief to investors concerned about its ability to meet robust customer demand. As an added benefit, the economic reopening is boosting sales of Apple's products in China.
*Stock prices used were the afternoon prices of Feb. 7, 2023. The video was published on Feb. 9, 2023.
10 stocks we like better than Apple
When our award-winning 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 February 8, 2023
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. 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's (NASDAQ: AAPL) improving prospects in China could be a huge relief to investors concerned about its ability to meet robust customer demand. As an added benefit, the economic reopening is boosting sales of Apple's products in China. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Apple's (NASDAQ: AAPL) improving prospects in China could be a huge relief to investors concerned about its ability to meet robust customer demand. 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 Apple.
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Apple's (NASDAQ: AAPL) improving prospects in China could be a huge relief to investors concerned about its ability to meet robust customer demand. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Parkev Tatevosian, CFA has positions in Apple.
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Apple's (NASDAQ: AAPL) improving prospects in China could be a huge relief to investors concerned about its ability to meet robust customer demand. That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Parkev Tatevosian, CFA has positions in Apple.
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17148.0
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2023-02-10 00:00:00 UTC
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85% of Warren Buffett's $354 Billion Portfolio Is Invested in Just 10 Stocks
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AAPL
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https://www.nasdaq.com/articles/85-of-warren-buffetts-%24354-billion-portfolio-is-invested-in-just-10-stocks
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nan
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nan
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For nearly six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has absolutely crushed Wall Street's benchmark index. Whereas the broad-based S&P 500 produced a 30,209% total return, including dividends paid, between 1964 and 2021, the Oracle of Omaha (as Buffett has come to be known) led Berkshire's Class A shares (BRK.A) to a jaw-dropping gain of 3,641,613% in the same stretch.
Many books have been written extolling the strategies Warren Buffett employs to beat the market. But the Oracle of Omaha's penchant for portfolio concentration might be Berkshire Hathaway's key ingredient.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Although Berkshire Hathaway has stakes in around four dozen securities, approximately $301.8 billion (85%) of its $353.7 billion in invested assets, as of February 4, 2023, was tied up in just 10 stocks.
Apple (NASDAQ: AAPL): $141,402,498,267 (40% of invested assets)
Bank of America (NYSE: BAC): $37,626,798,579 (10.6%)
Chevron (NYSE: CVX): $28,761,988,535 (8.1%)
American Express (NYSE: AXP): $27,117,089,802 (7.7%)
Coca-Cola (NYSE: KO): $23,932,000,000 (6.8%)
Kraft Heinz (NASDAQ: KHC): $12,823,499,133 (3.6%)
Occidental Petroleum (NYSE: OXY): $11,902,095,046 (3.4%)
Moody's (NYSE: MCO): $8,001,889,192 (2.3%)
Taiwan Semiconductor Manufacturing Company (NYSE: TSM): $5,685,362,901 (1.6%)
BYD (OTC: BYDD.F): $4,591,243,954 (1.3%)
Why have Warren Buffett and his investment team chosen to pile 85% of Berkshire's invested capital into these 10 stocks? Let's take a closer look.
Profitable, brand-name businesses are worth hanging onto
To start with, the Oracle of Omaha is a big fan of businesses with exceptional branding power that remain profitable in any economic environment. Buffett fully understands that recessions are an inevitable part of the economic cycle. Rather than trying to guess when they'll occur, he hangs onto his stakes in these consistently profitable companies that get to take advantage of expansions that last much longer than recessions.
For instance, Coca-Cola has been a Berkshire Hathaway holding since 1988. Although Coke's high-growth days fizzled out long ago, it's still capable of slowly and steadily moving its profit needle higher. It's one of the most geographically diverse multinational companies, is arguably the most-recognized consumer goods brand globally, and has a marketing team that rarely struggles to connect with consumers of all ages.
Chevron is another good example -- even though it's only been a holding for a little over two years. Though Chevron's upstream drilling assets are exposed to weaker crude oil and natural gas prices during recessions, it's an integrated energy company. In other words, Chevron also operates transmission pipelines, chemical plants, and refineries. This allows it to hedge any energy commodity price weakness and continue to generate abundant cash flow.
Image source: Getty Images.
Warren Buffett loves a hearty capital-return program
One of the easiest ways to get Warren Buffett's attention as a publicly traded company is to return a lot of capital to your investors via share buybacks and dividends. Buffett is a particularly big fan of buybacks, given that they allow investors to sit back and become larger stakeholders in a company without having to lift a finger.
Apple, which accounts for 40% of Berkshire Hathaway's invested assets, is tops in the capital-return department. Over the past 10 years (ended Dec. 31, 2022), the largest publicly traded company in the U.S. repurchased $566 billion worth of its common stock. Not including itself, that's more than the market cap of all but four S&P 500 companies. Apple also doles out $14.6 billion in dividends each year to its shareholders.
Berkshire Hathaway's energy stocks -- Chevron and Occidental Petroleum -- have solid capital-return programs as well. Chevron recently announced plans to repurchase as much as $75 billion of its common stock in addition to paying out close to $11.7 billion in dividends each year.
Meanwhile, Buffett's company is collecting 8% annually on its $10 billion preferred stock position in Occidental Petroleum. After reducing its net debt by approximately $15 billion since March 2021, Occidental has also reignited its share-repurchase program.
The Oracle of Omaha gravitates to financial stocks
Warren Buffett is also a huge fan of financial stocks. As I previously pointed out, since economic expansions last disproportionately longer than recessions, companies involved in banking and payment processing are able to take advantage of lengthy bull markets.
Both payment processor American Express and credit-ratings company Moody's have been longtime holdings for Berkshire Hathaway. This marks the 30th consecutive year of AmEx being a Buffett holding, while Moody's has been a portfolio fixture since 2001.
American Express takes advantage of bull markets by double-dipping. It collects fees from merchants and also acts as a lender, thereby generating both interest income and fees from its predominantly higher-income cardholders. As for Moody's, it has the ability to lean on either its credit-ratings segment or its analytics division, depending on debt demand and economic uncertainty.
And don't forget about Bank of America, which is the second-largest Buffett holding by market value, behind only Apple. Bank of America's management team is enjoying every minute of the Federal Reserve's hawkish monetary policy shift designed to tame historically high inflation. Among big banks, BofA is the most interest sensitive. It's generating billions of dollars in added net interest income every quarter on its outstanding variable-rate loans as interest rates rise. This ramp-up in profits should help it more than offset any loan losses tied to short-term economic weakness.
10 stocks we like better than Coca-Cola
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Coca-Cola wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
American Express and Bank of America are advertising partners of The Ascent, a Motley Fool company. Sean Williams has positions in Bank of America. The Motley Fool has positions in and recommends Apple, BYD, Bank of America, Berkshire Hathaway, Moody's, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Kraft Heinz and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL): $141,402,498,267 (40% of invested assets) Bank of America (NYSE: BAC): $37,626,798,579 (10.6%) Chevron (NYSE: CVX): $28,761,988,535 (8.1%) American Express (NYSE: AXP): $27,117,089,802 (7.7%) Coca-Cola (NYSE: KO): $23,932,000,000 (6.8%) Kraft Heinz (NASDAQ: KHC): $12,823,499,133 (3.6%) Occidental Petroleum (NYSE: OXY): $11,902,095,046 (3.4%) Moody's (NYSE: MCO): $8,001,889,192 (2.3%) Taiwan Semiconductor Manufacturing Company (NYSE: TSM): $5,685,362,901 (1.6%) Whereas the broad-based S&P 500 produced a 30,209% total return, including dividends paid, between 1964 and 2021, the Oracle of Omaha (as Buffett has come to be known) led Berkshire's Class A shares (BRK.A) to a jaw-dropping gain of 3,641,613% in the same stretch. As I previously pointed out, since economic expansions last disproportionately longer than recessions, companies involved in banking and payment processing are able to take advantage of lengthy bull markets.
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Apple (NASDAQ: AAPL): $141,402,498,267 (40% of invested assets) Bank of America (NYSE: BAC): $37,626,798,579 (10.6%) Chevron (NYSE: CVX): $28,761,988,535 (8.1%) American Express (NYSE: AXP): $27,117,089,802 (7.7%) Coca-Cola (NYSE: KO): $23,932,000,000 (6.8%) Kraft Heinz (NASDAQ: KHC): $12,823,499,133 (3.6%) Occidental Petroleum (NYSE: OXY): $11,902,095,046 (3.4%) Moody's (NYSE: MCO): $8,001,889,192 (2.3%) Taiwan Semiconductor Manufacturing Company (NYSE: TSM): $5,685,362,901 (1.6%) The Motley Fool has positions in and recommends Apple, BYD, Bank of America, Berkshire Hathaway, Moody's, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Kraft Heinz and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple.
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Apple (NASDAQ: AAPL): $141,402,498,267 (40% of invested assets) Bank of America (NYSE: BAC): $37,626,798,579 (10.6%) Chevron (NYSE: CVX): $28,761,988,535 (8.1%) American Express (NYSE: AXP): $27,117,089,802 (7.7%) Coca-Cola (NYSE: KO): $23,932,000,000 (6.8%) Kraft Heinz (NASDAQ: KHC): $12,823,499,133 (3.6%) Occidental Petroleum (NYSE: OXY): $11,902,095,046 (3.4%) Moody's (NYSE: MCO): $8,001,889,192 (2.3%) Taiwan Semiconductor Manufacturing Company (NYSE: TSM): $5,685,362,901 (1.6%) See the 10 stocks *Stock Advisor returns as of January 9, 2023 American Express and Bank of America are advertising partners of The Ascent, a Motley Fool company. The Motley Fool recommends Kraft Heinz and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple.
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Apple (NASDAQ: AAPL): $141,402,498,267 (40% of invested assets) Bank of America (NYSE: BAC): $37,626,798,579 (10.6%) Chevron (NYSE: CVX): $28,761,988,535 (8.1%) American Express (NYSE: AXP): $27,117,089,802 (7.7%) Coca-Cola (NYSE: KO): $23,932,000,000 (6.8%) Kraft Heinz (NASDAQ: KHC): $12,823,499,133 (3.6%) Occidental Petroleum (NYSE: OXY): $11,902,095,046 (3.4%) Moody's (NYSE: MCO): $8,001,889,192 (2.3%) Taiwan Semiconductor Manufacturing Company (NYSE: TSM): $5,685,362,901 (1.6%) Berkshire Hathaway CEO Warren Buffett. Chevron is another good example -- even though it's only been a holding for a little over two years.
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17149.0
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2023-02-09 00:00:00 UTC
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2 Excellent Stocks to Buy in 2023 and Never Sell
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AAPL
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https://www.nasdaq.com/articles/2-excellent-stocks-to-buy-in-2023-and-never-sell
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nan
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nan
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There are many advantages to holding stocks for a long time -- think five years or more. First, doing so allows the power of compounding to work its magic. Second, in some countries like the U.S., there are tax advantages associated with it. Of course, none of that means much unless investors buy shares in outstanding companies that can deliver excellent returns over long periods.
And with the right corporations, it might even be worth remaining a shareholder for life. That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL).
1. Pfizer
In 2022, Pfizer recorded $100.3 billion in total revenue, representing a 23% year-over-year increase and an all-time annual high for the drugmaker. Pfizer can thank its coronavirus products, Comirnaty and Paxlovid, for this performance. However, we are no longer in a state of emergency, and Pfizer's coronavirus sales will drop starting this year, leading to a massive decline in total revenue.
For its fiscal 2023, Pfizer expects revenue in the neighborhood of $69 billion. That shouldn't trouble investors. In 2020, the last year before it started recording sales of its coronavirus vaccine, the pharma giant's top line was $41.9 billion. So the company should keep delivering results above its pre-pandemic levels. Pfizer expects non-coronavirus revenue of $70 billion to $84 billion by 2030.
That's because Pfizer is on the verge of significantly rejuvenating and expanding its lineup. Over the next 18 months, the company expects 19 new approvals or label expansions for key products. There should be at least 10 brand-new approvals for the company in this period. They will likely include a potential respiratory syncytial virus vaccine that could be the first of its kind, and a medicine for alopecia.
But Pfizer won't stop there. The company is looking to pour even more money into research and development (R&D), with a plan to increase R&D spending by at least 8.7% year over year in 2023, bringing its total to between $12.4 billion and $13.4 billion. Over the long run, that should allow the company to develop newer and more effective drugs while it continues to grow its revenue and earnings.
In addition, Pfizer is a solid dividend stock. The company has raised its payouts by a respectable 20.6% in the past five years while it boasts a modest cash payout ratio of 38.2%, giving it ample room for many more dividend increases. Pfizer looks like a solid "forever" stock with the dividends it offers, its track record of innovation, and its long-term growth potential.
2. Apple
Apple failed to impress investors with its latest update for its fiscal 2023's first quarter, which ended on Dec. 31. The company's revenue dropped by 5% year over year to $117.2 billion. On the bottom line, the tech giant's net earnings per share dropped to $1.88, down from $2.10 reported in the comparable period of the previous fiscal year. No doubt, economic problems contributed to Apple's poor performance.
But there is some good news, too. Apple reported that it now has an installed base of more than 2 billion users across its active devices. That's a massive ecosystem that arguably represents the company's future. As things stand, Apple's services segment still accounts for a relatively small fraction of its total revenue. The company's service revenue rose 6.4% year over year to $20.8 billion in its first quarter.
But that could change as it finds new ways to monetize these users. Apple could do so by ramping up its fintech ambitions, among other potential avenues. But what's important is that although it has developed and marketed innovative hardware devices, the company's future doesn't just depend on its ability to continue selling its iPhone. The great thing about Apple's services segment is that it's hard to leave the company's ecosystem.
Apple's devices boast many useful interconnected features that provide an incentive to buy and keep a suite of Apple products as opposed to purchasing an Android phone that cannot interact with an iOS tablet the way an iPhone can. Also, switching to a competing operating system requires transferring media files, a tedious task no one wants to do. Apple's high switching costs partly explain why it has continued to grow its user base.
Further, the company's services unit typically records much better margins than its hardware business. In my view, Apple has only scratched the surface of the market available to it when it comes to monetizing its ecosystem. This opportunity will allow it to generate solid and growing revenue, earnings, and margins for a long time. That's why the company remains a solid stock even at a market capitalization above $2 trillion.
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Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Pfizer. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL). However, we are no longer in a state of emergency, and Pfizer's coronavirus sales will drop starting this year, leading to a massive decline in total revenue. On the bottom line, the tech giant's net earnings per share dropped to $1.88, down from $2.10 reported in the comparable period of the previous fiscal year.
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That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL). Pfizer In 2022, Pfizer recorded $100.3 billion in total revenue, representing a 23% year-over-year increase and an all-time annual high for the drugmaker. But what's important is that although it has developed and marketed innovative hardware devices, the company's future doesn't just depend on its ability to continue selling its iPhone.
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That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL). The company is looking to pour even more money into research and development (R&D), with a plan to increase R&D spending by at least 8.7% year over year in 2023, bringing its total to between $12.4 billion and $13.4 billion. The company's revenue dropped by 5% year over year to $117.2 billion.
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That said, let's consider two companies that are great "forever" candidates: Pfizer (NYSE: PFE) and Apple (NASDAQ: AAPL). The company's service revenue rose 6.4% year over year to $20.8 billion in its first quarter. That's why the company remains a solid stock even at a market capitalization above $2 trillion.
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2023-02-09 00:00:00 UTC
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AMD wins nearly a third of processor market, Arm's climb slows, analyst report
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AAPL
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https://www.nasdaq.com/articles/amd-wins-nearly-a-third-of-processor-market-arms-climb-slows-analyst-report
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By Stephen Nellis
Feb 9 (Reuters) - Advanced Micro Devices Inc AMD.O has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd's rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report.
AMD has grabbed share away from Intel Corp INTC.O, which still remains the largest player in the market for what are known as x86 processors, which work with popular operating systems like Microsoft Corp's MSFT.O Windows. In the fourth quarter, Intel had 68.7% market share for x86 processors versus AMD's 31.3%, which was up from 28.5% a year earlier, according to Mercury Research.
The results came amid what Mercury Research President Dean McCarron said in the report was the worst downturn in the PC chip market since the 1980s and possibly the worst in the industry's history. After snapping up PCs and laptops for working from home during the pandemic, consumers and businesses have slowed their purchases amid rising inflation and economic uncertainty.
But the slowdown has played out differently for AMD and Intel. AMD last month beat Wall Street sales expectations while Intel conceded that it has "stumbled" in competing with its longtime rival, with Intel's expected losses forcing broad employee pay cuts.
AMD declined to comment on the analyst report. Arm was not immediately available for comment.
But the PC sales slump has also affected Apple Inc's AAPL.O Mac computer lineup, which is the leading source of sales for Arm-based PC chips.
Mercury said Arm PC chips, led by Apple's in-house chips but also joined by Qualcomm Inc's QCOM.O recent PC chips for Windows machines, now have 13.3% share of the market PC chips, down from 14.6% a quarter earlier but still up from 10.3% share a year ago.
Arm, which is owned by Japan's Softbank Group Corp 9984.T, licenses its technology to companies like Apple and Qualcomm to make into PC chips and has made expansion into new markets like PCs a major part of is sales growth strategy ahead of an expected initial public offering later this year.
(Reporting by Stephen Nellis in San Francisco; editing by Diane Craft)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the PC sales slump has also affected Apple Inc's AAPL.O Mac computer lineup, which is the leading source of sales for Arm-based PC chips. In the fourth quarter, Intel had 68.7% market share for x86 processors versus AMD's 31.3%, which was up from 28.5% a year earlier, according to Mercury Research. After snapping up PCs and laptops for working from home during the pandemic, consumers and businesses have slowed their purchases amid rising inflation and economic uncertainty.
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But the PC sales slump has also affected Apple Inc's AAPL.O Mac computer lineup, which is the leading source of sales for Arm-based PC chips. By Stephen Nellis Feb 9 (Reuters) - Advanced Micro Devices Inc AMD.O has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd's rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report. In the fourth quarter, Intel had 68.7% market share for x86 processors versus AMD's 31.3%, which was up from 28.5% a year earlier, according to Mercury Research.
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But the PC sales slump has also affected Apple Inc's AAPL.O Mac computer lineup, which is the leading source of sales for Arm-based PC chips. By Stephen Nellis Feb 9 (Reuters) - Advanced Micro Devices Inc AMD.O has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd's rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report. Mercury said Arm PC chips, led by Apple's in-house chips but also joined by Qualcomm Inc's QCOM.O recent PC chips for Windows machines, now have 13.3% share of the market PC chips, down from 14.6% a quarter earlier but still up from 10.3% share a year ago.
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But the PC sales slump has also affected Apple Inc's AAPL.O Mac computer lineup, which is the leading source of sales for Arm-based PC chips. By Stephen Nellis Feb 9 (Reuters) - Advanced Micro Devices Inc AMD.O has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd's rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report. In the fourth quarter, Intel had 68.7% market share for x86 processors versus AMD's 31.3%, which was up from 28.5% a year earlier, according to Mercury Research.
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2023-02-09 00:00:00 UTC
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After Hours Most Active for Feb 9, 2023 : ABEV, PBR, LYFT, INTC, CLVT, MSFT, SNAP, AAPL, GOOGL, AMZN, GMED, T
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-9-2023-%3A-abev-pbr-lyft-intc-clvt-msft-snap-aapl-googl-amzn
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The NASDAQ 100 After Hours Indicator is up 8.2 to 12,389.37. The total After hours volume is currently 94,068,895 shares traded.
The following are the most active stocks for the after hours session:
Ambev S.A. (ABEV) is unchanged at $2.45, with 8,453,049 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Petroleo Brasileiro S.A.- Petrobras (PBR) is +0.07 at $11.12, with 7,285,611 shares traded. PBR's current last sale is 92.67% of the target price of $12.
Lyft, Inc. (LYFT) is -3.88 at $12.34, with 5,895,349 shares traded. Smarter Analyst Reports: Elastic Continues to Dip Despite Excellent Q2 Results
Intel Corporation (INTC) is unchanged at $27.73, with 4,431,891 shares traded. INTC's current last sale is 99.04% of the target price of $28.
Clarivate Plc (CLVT) is +0.015 at $10.92, with 3,771,434 shares traded. As reported by Zacks, the current mean recommendation for CLVT is in the "buy range".
Microsoft Corporation (MSFT) is -0.12 at $263.50, with 3,664,704 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $2.55. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Snap Inc. (SNAP) is +0.03 at $11.01, with 3,081,104 shares traded. SNAP's current last sale is 110.1% of the target price of $10.
Apple Inc. (AAPL) is -0.08 at $150.79, with 2,982,691 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Alphabet Inc. (GOOGL) is +0.27 at $95.28, with 2,435,692 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $1.25. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.05 at $98.19, with 2,200,623 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.29. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
Globus Medical, Inc. (GMED) is +0.03 at $63.00, with 1,822,029 shares traded. As reported by Zacks, the current mean recommendation for GMED is in the "buy range".
AT&T Inc. (T) is +0.02 at $18.99, with 1,319,421 shares traded. T's current last sale is 84.4% of the target price of $22.5.
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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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. Apple Inc. (AAPL) is -0.08 at $150.79, with 2,982,691 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. Apple Inc. (AAPL) is -0.08 at $150.79, with 2,982,691 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Apple Inc. (AAPL) is -0.08 at $150.79, with 2,982,691 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
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Apple Inc. (AAPL) is -0.08 at $150.79, with 2,982,691 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 8.2 to 12,389.37.
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2023-02-09 00:00:00 UTC
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The 7 Best Tech Stocks to Buy for February 2023
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AAPL
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https://www.nasdaq.com/articles/the-7-best-tech-stocks-to-buy-for-february-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Tech stocks continue to be a major player in the stock market in 2023. Driven by ongoing innovation and investment, big-name turnarounds suggest that Feb. could be the beginning of a sharp upward trend for tech stocks. In fact, here are seven of the best tech stocks to consider for the year.
PI Impinj $126.80
META Meta Platforms $178.17
PODD Insulet Corporation $286.67
MSFT Microsoft $264.03
STX Seagate Technology $69.43
CRM Salesforce $172.56
NFLX Netflix $362.79
Best Tech Stocks: Impinj (PI)
Source: Shutterstock
Impinj (NASDAQ:PI) is a technology company specializing in providing solutions for the Internet of Things (IoT). Its products and services include radio-frequency identification (RFID) systems and software. Impinj’s tracking chips connect items and devices to the cloud. The RFID technology that underpins its products and services are especially useful for retail, logistics, and transportation sector firms that need to track physical assets for analytical and other purposes.
One of the primary reasons to believe that PI stock will rise this month is its sales guidance. The company recently revised its current quarter guidance upward. Impinj had given a prior guidance range for this quarter between $71.5 to $73.5 million. However, it recently raised that guidance to at least $76 million for the quarter. That positive development, in combination with the positive Fed news of lower interest rate increases, should be a powerful catalyst for Impinj.
Best Tech Stocks: Meta Platforms (META)
Source: Aleem Zahid Khan / Shutterstock.com
Meta Platforms (NASDAQ:META) is a prime example of how quickly fortunes can change for the better. The Facebook parent company had been largely jeered for its hard pivot to the metaverse during 2022. The tech company has invested heavily in virtual and augmented reality (VR/AR) solutions. The company is focused on creating immersive experiences through its hardware and software products. These products include AR smart glasses and VR headsets. But screenshots of its metaverse have become meme fodder. Detractors have gone so far as to suggest that the rebranding would be the death of the company.
But the stock market is a place where a ‘what have you done for lately’ mentality rules. So Meta’s recent upbeat outlook, a $40 billion share buyback plan, and a renewed focus on efficiency are benefiting its shares in a big way. Meta’s revenues were dealt a blow when Apple’s (NASDAQ:AAPL) privacy measures reduced data access in early 2021. In response, Meta developed AI-based tools to improve ad targeting. Revenues could soon be higher than they were prior to Apple’s privacy changes. That strongly suggests that Meta is back and the story of its pivot is still being written.
Insulet (PODD)
Source: Minerva Studio / Shutterstock.com
Investors should also consider Insulet (NASDAQ:PODD), a medical device company that specializes in insulin pump systems for people with diabetes. The company is well known for its ‘Omnipod’ insulin delivery system that offers a discreet and user-friendly option for people with insulin-dependent diabetes.
Insulet wont reportearnings again until Feb. 23 but investors should understand that the firm’s growth has been impressive thus far. Q3 earnings, released in early Nov., showed revenues of $340.8 million. That represented a 23.7% increase on a year-over-year basis. Insulet’s Omnipod product accounted for $326.1 million, or 95.7% of the firm’s total revenues in Q3. Omnipod revenues grew 25.3% YoY.
Insulet’s international Omnipod sales decreased 5.5% in Q3, to $88 million. But the company also received CE Mark approval in Q3 which opens up its international market access. It should be able to rebound and increase international sales while continuing its already strong top-line results.
Microsoft (MSFT)
Source: Asif Islam / Shutterstock.com
Microsoft’s (NASDAQ:MSFT) stock is still in limbo following its earnings release on Jan. 24. Analysts are digesting its weak overall sales growth, the lowest in six years. The result is trepidation that growth has stagnated at the company. Microsoft’s guidance for $51 billion in revenue for the current quarter, which would represent 3% growth, doesn’t help to reduce pessimism.
But I think there’s good reason to believe that Microsoft is on the cusp of a new paradigm in which it is able to achieve a lot more with a lot less. The reason to believe that lies in its Azure cloud platform. Microsoft is heavily leveraging AI models into its cloud which grew 22% in the quarter with $27.1 billion in revenue.
The company laid off 10,000 workers as tech firms seek greater efficiency. Overhead is shrinking while Azure and its AI investments promise greater productivity overall. Lower overall headcount reduces expenses. And AI investments could turbocharge Azure’s growth. The combination could fundamentally improve MSFT stock in a major way.
Seagate Technology (STX)
Source: solarseven/Shutterstock
Investors should also consider Seagate Technology (NASDAQ:STX), which specializes in data storage solutions. The company is one of the largest manufacturers of hard disk drives (HDD) in the world serving individuals and businesses. Its products are used in a wide range of end applications ranging from desktop computers to data centers.
Seagate Technologies has already shown significant positive momentum in 2023. Shares have increased in price from $51.88 to $72.31 as of writing. Although STX shares are currently fully priced, meaning they trade at or above their target price, they can move higher.
A high-level overview of Seagate Technologies suggests that its late 2022 business restructuring is being well received by the markets. While revenues dropped to $1.887 billion in the quarter, down from $3.116 billion a year ago, share prices are surging. The company is launching a 30-plus terabyte HAMR-based product family in the June quarter and it seems market anticipation is enough to keep prices rising.
Salesforce (CRM)
Source: IgorGolovniov / Shutterstock.com
Salesforce (NYSE:CRM) is a technology company specializing in customer relationship management software. Its flagship product, also called Salesforce, is one of the most widely used CRM platforms in the world, offering a range of tools and services for sales, customer service, marketing, and more. That said, Salesforce continues to face the dual threat of increasing competition and an economic downturn. Internally, Salesforce has suffered from a mix of low growth and profitability that decreased share prices substantially in 2022.
Salesforce anticipates reaching $50 billion in revenues and 25% margins by early 2026 though skeptics remain. However, CRM stock has the might of powerful institutional investors behind it. Both Elliot Management and Inclusive Capital have taken significant positions (1)in the company. Salesforce remains the big dog in the customer relationship management software sector by far and that cannot be disregarded. Its dominant position is being challenged but sector leaders have a way of rebounding due to scale.
Netflix (NFLX)
Source: xalien / Shutterstock
Netflix (NASDAQ:NFLX) looks like one to consider this month and beyond. On the revenue front, Netflix reported $7.85 billion, up slightly from the $7.71 billion it recorded a year earlier. But the particularly positive news was that its subscriber growth of 7.66 million new users well exceeded the 4.5 million management had earlier projected.
Netflix users have largely adopted its new ad-supported pricing updates without killing subscriber growth in the process. That’s the main takeaway investors should understand about Netflix. Its crackdown on password sharing hasn’t had the effect of slowing subscribership. And Netflix’s content continues to draw critical acclaim with titles like Wednesday, Glass Onion, Troll, and Harry and Meghan remaining popular. In short, it looks like Netflix may have weathered the worst of the storm and come out pretty strong as a result.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks.Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
The post The 7 Best Tech Stocks to Buy for February 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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Meta’s revenues were dealt a blow when Apple’s (NASDAQ:AAPL) privacy measures reduced data access in early 2021. Driven by ongoing innovation and investment, big-name turnarounds suggest that Feb. could be the beginning of a sharp upward trend for tech stocks. The RFID technology that underpins its products and services are especially useful for retail, logistics, and transportation sector firms that need to track physical assets for analytical and other purposes.
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Meta’s revenues were dealt a blow when Apple’s (NASDAQ:AAPL) privacy measures reduced data access in early 2021. PI Impinj $126.80 META Meta Platforms $178.17 PODD Insulet Corporation $286.67 MSFT Microsoft $264.03 STX Seagate Technology $69.43 CRM Salesforce $172.56 NFLX Netflix $362.79 Best Tech Stocks: Impinj (PI) Source: Shutterstock Impinj (NASDAQ:PI) is a technology company specializing in providing solutions for the Internet of Things (IoT). Seagate Technology (STX) Source: solarseven/Shutterstock Investors should also consider Seagate Technology (NASDAQ:STX), which specializes in data storage solutions.
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Meta’s revenues were dealt a blow when Apple’s (NASDAQ:AAPL) privacy measures reduced data access in early 2021. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech stocks continue to be a major player in the stock market in 2023. PI Impinj $126.80 META Meta Platforms $178.17 PODD Insulet Corporation $286.67 MSFT Microsoft $264.03 STX Seagate Technology $69.43 CRM Salesforce $172.56 NFLX Netflix $362.79 Best Tech Stocks: Impinj (PI) Source: Shutterstock Impinj (NASDAQ:PI) is a technology company specializing in providing solutions for the Internet of Things (IoT).
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Meta’s revenues were dealt a blow when Apple’s (NASDAQ:AAPL) privacy measures reduced data access in early 2021. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech stocks continue to be a major player in the stock market in 2023. Insulet’s international Omnipod sales decreased 5.5% in Q3, to $88 million.
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2023-02-09 00:00:00 UTC
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US STOCKS-Wall St rises on robust earnings, Disney hits five-month high
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-on-robust-earnings-disney-hits-five-month-high
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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.
Disney jumps on Q1 beat, layoff plans
PepsiCo gains on quarterly profit, sales beat
Salesforce rises on reports Third Point owns stake
U.S. weekly jobless claims increase
Indexes up: Dow 0.71%, S&P 0.73%, Nasdaq 1.11%
Updates prices, details
By Johann M Cherian and Ankika Biswas
Feb 9 (Reuters) - U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path.
Disney Co DIS.N gained 3% to its highest level since late August after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs.
Fellow Dow component Salesforce IncCRM.N added 3% as a source familiar with the matter told Reuters that hedge fund Third Point LLC owns a stake in the company.
Investor sentiment was further boosted after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 last week, above a forecast of 190,000 claims.
The data comes on the heels of a strong January employment report that rattled markets last week.
"This is a definite sign that weakness in the labor market is coming despite the huge job number last week," said Peter Cardillo, chief market economist at Spartan Capital Securities.
"There are so many companies that are laying off people...if this trend continues and inflation continues to head downwards, then the Fed's tune will change and a pause is not that far away."
Traders are betting that the central bank will raise its benchmark rate to a peak of 5.1% in July, largely in line with the forecasts of Fed officials.
At 10:11 a.m. ET, the Dow Jones Industrial Average .DJI was up 242.31 points, or 0.71%, at 34,191.32, the S&P 500 .SPX was up 29.97 points, or 0.73%, at 4,147.83, and the Nasdaq Composite .IXIC was up 131.96 points, or 1.11%, at 12,042.48.
All the major S&P 500 sectors were higher, with technology .SPLRCT jumping 1.7%.
Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O climbed in the range of 1.1% to 4.8% as U.S. Treasury yields extended declines. US/
Stocks have enjoyed an upbeat start to the year on hopes that the Fed would abandon its hawkish rhetoric and pilot the economy to a soft landing.
PepsiCo Inc PEP.O rose 1.6% as the snack and beverage maker reported better-than-expected results, while drugmaker AbbVie IncABBV.N gained 4.6% after beating fourth-quarter profit expectations.
Ralph Lauren CorpRL.N gained 3% after beating quarterly sales expectations, while peer Tapestry IncTPR.N soared 5% on a strong annual profit forecast.
The consumer discretionary sector .SPLRCD housing the luxury names added 1.7%.
Of more than half of the S&P 500 companies that have reported fourth-quarter earnings so far, 69% have topped estimates, as per Refinitiv data.
Cardiovascular Systems Inc (CSI) CSII.O soared 48.1% after Abbott Laboratories ABT.N said it would buy the medical device maker for $837.6 million.
Advancing issues outnumbered decliners by a 3.03-to-1 ratio on the NYSE and by a 2.17-to-1 ratio on the Nasdaq.
The S&P index recorded 14 new 52-week highs and one new low, while the Nasdaq recorded 49 new highs and 20 new lows.
(Reporting by Sruthi Shankar, Medha Singh, Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Sriraj Kalluvila)
((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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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O climbed in the range of 1.1% to 4.8% as U.S. Treasury yields extended declines. Disney Co DIS.N gained 3% to its highest level since late August after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs. Fellow Dow component Salesforce IncCRM.N added 3% as a source familiar with the matter told Reuters that hedge fund Third Point LLC owns a stake in the company.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O climbed in the range of 1.1% to 4.8% as U.S. Treasury yields extended declines. Disney jumps on Q1 beat, layoff plans PepsiCo gains on quarterly profit, sales beat Salesforce rises on reports Third Point owns stake U.S. weekly jobless claims increase Indexes up: Dow 0.71%, S&P 0.73%, Nasdaq 1.11% Updates prices, details By Johann M Cherian and Ankika Biswas Feb 9 (Reuters) - U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path. PepsiCo Inc PEP.O rose 1.6% as the snack and beverage maker reported better-than-expected results, while drugmaker AbbVie IncABBV.N gained 4.6% after beating fourth-quarter profit expectations.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O climbed in the range of 1.1% to 4.8% as U.S. Treasury yields extended declines. Disney jumps on Q1 beat, layoff plans PepsiCo gains on quarterly profit, sales beat Salesforce rises on reports Third Point owns stake U.S. weekly jobless claims increase Indexes up: Dow 0.71%, S&P 0.73%, Nasdaq 1.11% Updates prices, details By Johann M Cherian and Ankika Biswas Feb 9 (Reuters) - U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path. Fellow Dow component Salesforce IncCRM.N added 3% as a source familiar with the matter told Reuters that hedge fund Third Point LLC owns a stake in the company.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O climbed in the range of 1.1% to 4.8% as U.S. Treasury yields extended declines. Disney jumps on Q1 beat, layoff plans PepsiCo gains on quarterly profit, sales beat Salesforce rises on reports Third Point owns stake U.S. weekly jobless claims increase Indexes up: Dow 0.71%, S&P 0.73%, Nasdaq 1.11% Updates prices, details By Johann M Cherian and Ankika Biswas Feb 9 (Reuters) - U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path. The data comes on the heels of a strong January employment report that rattled markets last week.
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17154.0
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2023-02-09 00:00:00 UTC
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Dell Is the Worst of the Worst in a Miserable PC Industry
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AAPL
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https://www.nasdaq.com/articles/dell-is-the-worst-of-the-worst-in-a-miserable-pc-industry
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nan
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nan
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Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind.
What's a bit more difficult to see without digging deeper is the true intensity of Dell's struggle compared to its competition. It was the worst of the worst in terms of declining Q4 delivery numbers, with no end to the weakness on the horizon. And there's a possible reason -- or two -- for Dell's pronounced trouble that investors need to understand.
First things first.
Falling fast
Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates. It reckons global PC shipments (all brands) slipped 28.1% year over year during the fourth quarter of 2022, led by Dell's 37.2% dip. The company's deliveries have been declining rather sharply from their Q4-2021 peak, in fact.
Data source: IDC. Chart by author.
There's some important context worth adding to this chart: While Dell may have gotten a relatively slow start plugging into the demand created by the COVID-19 pandemic, it finished strong. Specifically, Dell's PC deliveries grew through the end of 2021, whereas competitors like Lenovo and HP saw their demand climax in 2020. Dell is facing notably tougher comparisons than its rivals are right now.
Nevertheless, something's clearly more wrong with Dell than with other PC names at this time.
Don't look for relief anytime soon, either. IDC adds that personal computer shipments are apt to tumble another 5.6% from 2022's relatively low levels in 2023. A measurable rebound now isn't expected until 2024, and even then IDC expects a shallow recovery.
The kicker: IDC doesn't anticipate higher selling prices offsetting shrinking PC demand in the meantime.
Not like the others (and that's a problem)
With nothing more than a passing glance, it's just another computer company. Take a closer look at the market, though. You'll see two stark differences between Dell and its rivals that may be causing much of its comparatively terrible performance.
The first of these differences is that Dell doesn't have much of a presence among traditional retailers like Best Buy and Walmart. That's a market it's largely ceded to other brands.
This is mostly intentional.
See, Dell focuses less on consumers and more on institutional customers likely to buy custom builds directly from the brand itself. About 40% of the third quarter's business was infrastructure like servers, while commercial computer revenue made up a similar proportion of its top line for the same quarter. Although this strategy cuts out middlemen that would otherwise cut into profits, it also leaves the brand out of an important sales venue when corporate business dries up...as it did in the final quarter of last year.
Data source: Thomson Reuters. Chart by author. Revenue figures are in millions of dollars.
The second reason Dell may struggle even more than other PC makers set to founder in 2023 is pricing. Whereas HP appeals to buyers on a budget and Apple's Macs enjoy cult-like devotion, Dell's above-average pricing makes its wares tougher to sell in a poor economic environment; that's true even for corporate customers.
No one denies a Dell PC's value, to be clear -- you get what you pay for! But high quality isn't always readily affordable. And this year, with the risk of recession still upon us, most would-be buyers are a little more cost-conscious than they'd normally be. To this end, the analyst community is calling for sales as well as profit declines in the immediate future.
Take the hint
Bottom line? This isn't a complicated, nuanced call. Dell Technologies is already on the defensive moving into what will be a tough year...much tougher than for its peers and rivals.
With the stock priced at less than 7 times next year's projected per-share profits, there's a valuation-based upside argument. In light of the company's current fiscal trajectory, however, there's little on the horizon that will activate a value-driven rally. Steer clear until the company can at least catch a PC tailwind.
10 stocks we like better than Dell Technologies
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James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Best Buy, HP, and Walmart. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind. Falling fast Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates. Whereas HP appeals to buyers on a budget and Apple's Macs enjoy cult-like devotion, Dell's above-average pricing makes its wares tougher to sell in a poor economic environment; that's true even for corporate customers.
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It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind. Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. The Motley Fool has positions in and recommends Apple, Best Buy, HP, and Walmart.
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It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind. Computer company Dell Technologies (NYSE: DELL) is laying off roughly 5% of its workforce, according to a recent SEC filing citing the weakening personal computer market as the key cause. Falling fast Dell didn't divulge exact numbers in its filing, but technology consulting and market research outfit IDC does regularly update its estimates.
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It's not a stretch to presume rival computer companies like Lenovo (OTC: LNVGY), Apple (NASDAQ: AAPL), and HP (NYSE: HPQ) are running into the same headwind. Data source: IDC. About 40% of the third quarter's business was infrastructure like servers, while commercial computer revenue made up a similar proportion of its top line for the same quarter.
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17155.0
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2023-02-09 00:00:00 UTC
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US STOCKS-Wall St set to get a lift from robust earnings, rise in jobless claims
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-get-a-lift-from-robust-earnings-rise-in-jobless-claims
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nan
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nan
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By Sruthi Shankar and Johann M Cherian
Feb 9 (Reuters) - U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve's rate-hike path.
Walt Disney Co DIS.N climbed 5.6% premarket after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs and make its streaming business profitable.
PepsiCo Inc PEP.O rose 1.8% as the snack and beverage maker reported better-than-expected results, while drugmaker AbbVie IncABBV.N gained 1.3% after beating fourth-quarter profit expectations.
Futures got a lift after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4. Economists polled by Reuters had forecast 190,000 claims for the latest week.
The data comes on the heels of a strong January employment report that rattled markets last week.
"This is a definite sign that weakness in the labor market is coming despite the huge job number last week," said Peter Cardillo, chief market economist at Spartan Capital Securities.
"There are so many companies that are laying off people and that eventually is going to weaken the job market. This for the Fed is too soon, but if this trend continues and inflation continues to head downwards, then the Fed's tune will change and a pause is not that far away."
Traders are betting that the central bank will raise its benchmark rate to a peak of 5.1% in July, largely in line with the forecasts of Fed officials. However, money market traders are also anticipating rate cuts this year. 0#FEDWATCH
At 8:50 a.m. ET, Dow e-minis 1YMcv1 were up 213 points, or 0.63%, S&P 500 e-minis EScv1 were up 33 points, or 0.8%, and Nasdaq 100 e-minis NQcv1 were up 160.5 points, or 1.28%.
Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O climbed in the range of 1.3% to 2.0% as U.S. Treasury yields extended declines. US/
Stocks have enjoyed an upbeat start to the year on hopes that the Fed would steer away from its hawkish rhetoric and leave the economy on a strong footing.
Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data. In a typical quarter 66% top estimates.
Ralph Lauren CorpRL.N gained 2.4% after beating quarterly revenue expectations on resilient demand for its high-end clothing and accessories.
Salesforce Inc CRM.N edged 1.8% higher as a source familiar with the matter told Reuters that hedge fund Third Point LLC owns a stake in the company.
Cardiovascular Systems Inc (CSI) CSII.O jumped 48.3% after Abbott Laboratories ABT.N said it would buy the medical device maker for $837.6 million.
(Reporting by Sruthi Shankar, Medha Singh, Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Sriraj Kalluvila)
((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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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O climbed in the range of 1.3% to 2.0% as U.S. Treasury yields extended declines. By Sruthi Shankar and Johann M Cherian Feb 9 (Reuters) - U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve's rate-hike path. Walt Disney Co DIS.N climbed 5.6% premarket after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs and make its streaming business profitable.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O climbed in the range of 1.3% to 2.0% as U.S. Treasury yields extended declines. By Sruthi Shankar and Johann M Cherian Feb 9 (Reuters) - U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve's rate-hike path. PepsiCo Inc PEP.O rose 1.8% as the snack and beverage maker reported better-than-expected results, while drugmaker AbbVie IncABBV.N gained 1.3% after beating fourth-quarter profit expectations.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O climbed in the range of 1.3% to 2.0% as U.S. Treasury yields extended declines. By Sruthi Shankar and Johann M Cherian Feb 9 (Reuters) - U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve's rate-hike path. "This is a definite sign that weakness in the labor market is coming despite the huge job number last week," said Peter Cardillo, chief market economist at Spartan Capital Securities.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O climbed in the range of 1.3% to 2.0% as U.S. Treasury yields extended declines. By Sruthi Shankar and Johann M Cherian Feb 9 (Reuters) - U.S. main stock indexes were set for a higher open on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve's rate-hike path. "This is a definite sign that weakness in the labor market is coming despite the huge job number last week," said Peter Cardillo, chief market economist at Spartan Capital Securities.
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17156.0
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2023-02-09 00:00:00 UTC
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Smartphone Sales Are Peaking. Here's Why Apple Doesn't Really Care
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AAPL
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https://www.nasdaq.com/articles/smartphone-sales-are-peaking.-heres-why-apple-doesnt-really-care
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nan
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nan
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It's difficult to say if last quarter's iPhone revenue reflects a supply problem or a demand problem; it could be a little of both. Either way, it's cause for concern. Not only did Apple (NASDAQ: AAPL) report lower year-over-year iPhone sales, but total iPhone revenue of $65.8 billion also fell short of analysts' expectations of $68.3 billion. That shortfall prompted a rare companywide earnings miss.
It's not necessarily the end of the world, though. Apple has been preparing for "peak iPhone" for some time now. If that's where we are -- and it very well could be -- then the company already has a powerful profit engine humming.
Profits trump sales
If you're reading this, you likely know how important the iPhone is to Apple. Even with last quarter's relatively weak showing, iPhone sales alone accounted for 56% of the company's total top line.
The iPhone doesn't make up a proportional piece of Apple's profits, however. Services revenue makes up a surprisingly big piece of its income pie, and this digital business's bottom line is getting ever bigger.
You won't directly find this detail in Apple's quarterly reports. Rather, you have to do a little math to come up with the numbers. Subtracting the cost of services revenue from services revenue itself, however, leaves you with the gross profit specifically attributable to the company's services business. The number-crunching reveals that Apple still makes more total profit with its products like the iPhone, the iPad, and Macs. Services, however, now makes up nearly one-third of Apple's total bottom line. And its net impact is growing.
Data source: Apple. Chart by author.
It seems unlikely Apple's services business -- the sale of apps and digital media like movies, shows, and music -- will become Apple's biggest business in the foreseeable future, if ever. The preceding chart does make clear, however, that the company has a plan to survive and even thrive once the iPhone has reached its maximum annual revenue potential.
And that time may well be at hand.
The smartphone market was already shrinking
As was noted, last quarter's tepid iPhone sales could reflect supply chain problems. CEO Tim Cook also used the phrase "challenging macroeconomic environment" several times during Thursday's earnings call.
But it would be short-sighted to ignore the possibility that at least some of the iPhone's slowdown can be chalked up to sheer saturation.
That's one of the takeaways from IDC's recent look at the 2022 smartphone market, anyway. The market research outfit estimates that every major smartphone maker suffered a serious drop in unit shipments in the fourth quarter as well as for the entirety of last year, and it wasn't primarily a supply problem. IDC research director Nabila Popal noted within the report that "weakened demand and high inventory caused vendors to cut back drastically on shipments," adding, "Heavy sales and promotions during the quarter helped deplete existing inventory rather than drive shipment growth." IDC's Anthony Scarsella goes on to say, "We continue to witness consumer demand dwindle as refresh rates climb past 40 months in most major markets."
IDC isn't the only outfit seeing a waning growth for the smartphone market, either. Canalys foresees "flat to marginal growth" for the smartphone business this year. Rival phone-maker Samsung believes the worldwide smartphone business will outright contract again this year.
That's not a tough prediction to believe, either, in light of deteriorating smartphone sales since 2016's fourth-quarter peak of 431 million units.
Data source: IDC. Chart by author.
Connect the dots. Smartphone sales were poised to shrink here regardless of the economic backdrop simply by maintaining the current trend.
To its credit, Apple's iPhone briefly snapped out of the 2016 funk in 2020, overcoming all of the challenges linked to the pandemic at the time. Even so, it's clear that even the iPhone isn't immune to headwinds other than logistical and supply chain headaches, as most pandemic-prompted supply-and-demand problems have been reasonably well addressed since late 2020.
Apple's going to be fine... just different
Don't misunderstand. Apple is neither in dire straits, nor is it set to rule the digital content and services world. It would love to continue growing iPhone sales, but even if it doesn't, there's still money to be made with the amount of units it will sell. At the same time, Apple is doing quite well -- and turning a good profit -- with services, yet that area may never be the company's biggest breadwinner.
It just doesn't matter. The point here is, Apple doesn't have to be the smartphone juggernaut it used to be to produce strong results. Services can take up much of that slack.
It is taking up much of that slack, in fact, and there's no reason to think it won't continue doing so. Its services arm just reached record quarterly revenue of $20.8 billion, with total digital subscriptions managed through Apple's iOS growing from 900 million to 935 million last quarter alone. Yet that's still less than half of the 2 billion Apple devices currently in use worldwide. That's a lot of opportunity to add more paying services customers, starting with its own user base.
10 stocks we like better than Apple
When our award-winning 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 January 9, 2023
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Not only did Apple (NASDAQ: AAPL) report lower year-over-year iPhone sales, but total iPhone revenue of $65.8 billion also fell short of analysts' expectations of $68.3 billion. The market research outfit estimates that every major smartphone maker suffered a serious drop in unit shipments in the fourth quarter as well as for the entirety of last year, and it wasn't primarily a supply problem. IDC's Anthony Scarsella goes on to say, "We continue to witness consumer demand dwindle as refresh rates climb past 40 months in most major markets."
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Not only did Apple (NASDAQ: AAPL) report lower year-over-year iPhone sales, but total iPhone revenue of $65.8 billion also fell short of analysts' expectations of $68.3 billion. The smartphone market was already shrinking As was noted, last quarter's tepid iPhone sales could reflect supply chain problems. Its services arm just reached record quarterly revenue of $20.8 billion, with total digital subscriptions managed through Apple's iOS growing from 900 million to 935 million last quarter alone.
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Not only did Apple (NASDAQ: AAPL) report lower year-over-year iPhone sales, but total iPhone revenue of $65.8 billion also fell short of analysts' expectations of $68.3 billion. It seems unlikely Apple's services business -- the sale of apps and digital media like movies, shows, and music -- will become Apple's biggest business in the foreseeable future, if ever. Its services arm just reached record quarterly revenue of $20.8 billion, with total digital subscriptions managed through Apple's iOS growing from 900 million to 935 million last quarter alone.
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Not only did Apple (NASDAQ: AAPL) report lower year-over-year iPhone sales, but total iPhone revenue of $65.8 billion also fell short of analysts' expectations of $68.3 billion. The smartphone market was already shrinking As was noted, last quarter's tepid iPhone sales could reflect supply chain problems. IDC isn't the only outfit seeing a waning growth for the smartphone market, either.
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17157.0
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2023-02-09 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
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nan
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nan
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Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Vanguard Large-Cap ETF (VV) is a passively managed exchange traded fund launched on 01/27/2004.
The fund is sponsored by Vanguard. It has amassed assets over $25.97 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 find themselves in the large cap category typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
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 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.54%.
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 27.50% 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 gained about 7.66% so far this year and is down about -8.52% in the last one year (as of 02/09/2023). In the past 52-week period, it has traded between $162.98 and $212.87.
The ETF has a beta of 1.01 and standard deviation of 25.65% 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 reasonable 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 $310.66 billion in assets, SPDR S&P 500 ETF has $382.19 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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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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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. Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Vanguard Large-Cap ETF (VV) is a passively managed exchange traded fund launched on 01/27/2004.
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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). Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Vanguard Large-Cap ETF (VV) is a passively managed exchange traded fund launched on 01/27/2004.
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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. 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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17158.0
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2023-02-09 00:00:00 UTC
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These 3 Tech Stocks Are Building the Future
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AAPL
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https://www.nasdaq.com/articles/these-3-tech-stocks-are-building-the-future-6
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When investing in the stock market, choosing companies with solid market share in consistently growing industries is always best. The tech market is home to a wealth of growth stocks because it's made up of companies in a near-constant state of development and innovation. And investing in companies that have a perpetual eye on the future can provide significant gains over the long term.
Here are three tech stocks building the future, making them excellent investments for the long haul.
1. Nvidia
Nvidia's (NASDAQ: NVDA) stock plummeted 53% in 2022, alongside a declining PC market. However, its shares have climbed 51% since Jan. 1 as Wall Street has grown bullish over the company's prospects in artificial intelligence.
According to Grand View Research, the AI market was worth $136.55 billion in 2022 and will expand at a compound annual growth rate of 37.3% through 2030. Meanwhile, Nvidia is home to technology crucial to the market's growth. The tech company's graphics processing units (GPUs) have the processing power necessary to push AI forward.
Moreover, in November 2022, Nvidia partnered with Microsoft's (NASDAQ: MSFT) Azure to build a massive cloud AI computer. The partnership will combine Nvidia's GPUs with Azure software, which will "help enterprises train, deploy, and scale AI," the company said in a news release.
AI will likely impact the future development of countless forms of technology, such as search engines, self-driving vehicles, machine learning, and much more. And Nvidia is well positioned to be a major player in that development.
2. Microsoft
Microsoft owes much of its success to its near-constant search for technologies of the future. Since its founding almost 50 years ago, it has become a leader in operating systems, productivity software, video games, and cloud computing with this mindset. For instance, the launch of Microsoft's cloud computing service Azure in 2010 has more than paid off, with the platform still reporting double-digit quarterly revenue in 2023.
Most recently, Microsoft's $1 billion investment in AI start-up OpenAI in 2019 is looking like one of its best decisions of the decade. The AI company stunned the tech world in November with the launch of its chatbot software ChatGPT, capable of producing human-like dialogue based on prompts. The software will soon be offered through Azure and is expected to incorporate Microsoft's search engine Bing in the future.
The promise of ChatGPT has led to reports that Microsoft is considering a further investment of $10 billion in OpenAI. Meanwhile, competitors like Alphabet have announced a stronger focus on AI going forward, as ChatGPT has created a threat to its Google search engine.
Microsoft is easily an investment in the future, with its stock likely to offer consistent gains for years.
3. Apple
While Apple (NASDAQ: AAPL) isn't always the first to the plate when it comes to new technology, the company is often credited with propelling it into mainstream use. The tech giant's immense success with smartphones, tablets, smartwatches, and Bluetooth headphones has seen it take budding technology and put it into the hands of millions of users worldwide after launching its custom versions. In fact, AppleInsider reported in November 2019 that Apple's AirPods business would be a $175 billion enterprise on its own, making it the U.S.'s 32nd-largest company.
Additionally, numerous reports over the years have stated Apple intends to enter new markets such as virtual/augmented reality (VR/AR), self-driving cars, and folding phones. Each of these technologies has long been in development by other companies, but Apple's immense brand loyalty and innovation could push them forward faster than would otherwise happen.
This year, Apple is expected to launch its first mixed-reality headset, which is expected to feature AR and VR capabilities. While Meta Platforms and Sony already have competing VR headsets on the market, Apple's device will likely push more consumers to consider applying the technology to their daily lives, attracting other companies to develop AR and VR software as demand rises.
Apple is an expert at patiently waiting for new technology to develop and striking at the perfect time by enhancing it with consumer-friendly versions. In that way, the company pushes technology forward, with its devices often becoming the most popular in their respective markets.
As a result, Apple is no doubt a company building the future, with its stock a no-brainer investment.
Find out why Nvidia is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. Nvidia is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of January 9, 2023
Suzanne Frey, an executive at Alphabet, 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. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple While Apple (NASDAQ: AAPL) isn't always the first to the plate when it comes to new technology, the company is often credited with propelling it into mainstream use. The AI company stunned the tech world in November with the launch of its chatbot software ChatGPT, capable of producing human-like dialogue based on prompts. The tech giant's immense success with smartphones, tablets, smartwatches, and Bluetooth headphones has seen it take budding technology and put it into the hands of millions of users worldwide after launching its custom versions.
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Apple While Apple (NASDAQ: AAPL) isn't always the first to the plate when it comes to new technology, the company is often credited with propelling it into mainstream use. Moreover, in November 2022, Nvidia partnered with Microsoft's (NASDAQ: MSFT) Azure to build a massive cloud AI computer. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, Microsoft, and Nvidia.
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Apple While Apple (NASDAQ: AAPL) isn't always the first to the plate when it comes to new technology, the company is often credited with propelling it into mainstream use. When investing in the stock market, choosing companies with solid market share in consistently growing industries is always best. While Meta Platforms and Sony already have competing VR headsets on the market, Apple's device will likely push more consumers to consider applying the technology to their daily lives, attracting other companies to develop AR and VR software as demand rises.
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Apple While Apple (NASDAQ: AAPL) isn't always the first to the plate when it comes to new technology, the company is often credited with propelling it into mainstream use. Microsoft Microsoft owes much of its success to its near-constant search for technologies of the future. The software will soon be offered through Azure and is expected to incorporate Microsoft's search engine Bing in the future.
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17159.0
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2023-02-09 00:00:00 UTC
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2 Tech Stocks That Could Set You Up for Life
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https://www.nasdaq.com/articles/2-tech-stocks-that-could-set-you-up-for-life
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The past 16 months or so have no doubt tested the patience of technology-focused investors as share prices for many stocks in the sector tumbled far and have yet to fully recover. Thankfully, the start of 2023 saw some significant improvement in the market's view on tech stocks, as evidenced by the tech-heavy Nasdaq Composite climbing 13% in January.
Over the long term, technology stocks have proved to be a great place for investors to put their money, and two tech stocks with great potential for investors over the next decade or so are The Trade Desk (NASDAQ: TTD) and Apple (NASDAQ: AAPL). Here's why.
Image source: Getty Images.
1. The Trade Desk
The advertising industry may look a bit precarious right now as spending slowed down over the past year amid economic uncertainty. But don't count out the long-term potential of this vast market. Global spending on digital advertising will total an estimated $696 billion by next year, up from about $567 billion in 2022.
The Trade Desk is already doing a great job tapping into the digital ad market, with sales climbing 31% year over year to $395 million in the third quarter. The Trade Desk will report its latest quarterly results later this month, and management expects fourth-quarter revenue to increase 24% year over year to $490 million.
But it's not just sales growth that potential investors should think about when considering The Trade Desk. The company is also leading the charge in the industry's transition away from online trackers, called cookies. The Trade Desk has developed an alternative tracker called Unified ID 2.0 that gives advertisers a way to sell targeted ads while giving online users more privacy. A growing list of advertisers are jumping on board with The Trade Desk's Unified ID trackers, including Amazon Web Services, fuboTV, and The Washington Post.
The Trade Desk's stock isn't exactly cheap, with its shares trading at a price-to-sales ratio of 17 right now. But the stock is much cheaper than its P/S ratio of about 30 this time last year, and long-term investors will likely benefit as this company grows into the expanding digital advertising industry.
2. Apple
Let's address the elephant in the room first -- Apple didn't exactly have a great Fiscal 2023 first quarter. The company had its first quarterly revenue decline since 2016, with revenue falling by 5% from the year-ago quarter, and it also missed analysts' average consensus estimates for both its top and bottom lines. But Apple is hardly alone among technology companies reporting disappointing quarterly results lately, and I think there's still reason for optimism.
For one, unlike riskier tech investments right now, Apple still generates plenty of cash. The company generated $34 billion in operating cash flow in the quarter, giving investors plenty of reasons to believe that the company is still in solid financial shape.
Additionally, while some other Apple segments suffered recently, the company's services segment had a record quarterly revenue of $20.8 billion. This shows Apple's resilience even during a tougher macroeconomic environment.
And finally, Apple still has substantial prospects in new revenue categories, namely augmented reality and virtual reality. The company could release a mixed reality headset (for both AR and VR) sometime this year, according to recent reporting from Bloomberg.
The AR/VR market potential is significant, with the size of the industry estimated to more than double from $25 billion last year to $52 billion in 2027. Apple could take a slice of that from both headset sales and app sales, similar to the company's winning formula that it's used for the iPhone.
One quick thing to remember
Tech stocks are still a bit volatile right now as investors try to figure out where inflation is going, what the Federal Reserve will do with interest rates, and if there will or won't be a recession.
No one has a crystal ball to see what the short-term outlook of the market will be, but history shows buying and holding stocks for years is still a great way to build wealth.
Find out why Trade Desk is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. 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 January 9, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Chris Neiger has positions in Apple. The Motley Fool has positions in and recommends Amazon.com, Apple, Trade Desk, and fuboTV. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the long term, technology stocks have proved to be a great place for investors to put their money, and two tech stocks with great potential for investors over the next decade or so are The Trade Desk (NASDAQ: TTD) and Apple (NASDAQ: AAPL). A growing list of advertisers are jumping on board with The Trade Desk's Unified ID trackers, including Amazon Web Services, fuboTV, and The Washington Post. One quick thing to remember Tech stocks are still a bit volatile right now as investors try to figure out where inflation is going, what the Federal Reserve will do with interest rates, and if there will or won't be a recession.
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Over the long term, technology stocks have proved to be a great place for investors to put their money, and two tech stocks with great potential for investors over the next decade or so are The Trade Desk (NASDAQ: TTD) and Apple (NASDAQ: AAPL). The Trade Desk is already doing a great job tapping into the digital ad market, with sales climbing 31% year over year to $395 million in the third quarter. A growing list of advertisers are jumping on board with The Trade Desk's Unified ID trackers, including Amazon Web Services, fuboTV, and The Washington Post.
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Over the long term, technology stocks have proved to be a great place for investors to put their money, and two tech stocks with great potential for investors over the next decade or so are The Trade Desk (NASDAQ: TTD) and Apple (NASDAQ: AAPL). The Trade Desk is already doing a great job tapping into the digital ad market, with sales climbing 31% year over year to $395 million in the third quarter. The Trade Desk will report its latest quarterly results later this month, and management expects fourth-quarter revenue to increase 24% year over year to $490 million.
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Over the long term, technology stocks have proved to be a great place for investors to put their money, and two tech stocks with great potential for investors over the next decade or so are The Trade Desk (NASDAQ: TTD) and Apple (NASDAQ: AAPL). The Trade Desk is already doing a great job tapping into the digital ad market, with sales climbing 31% year over year to $395 million in the third quarter. The company could release a mixed reality headset (for both AR and VR) sometime this year, according to recent reporting from Bloomberg.
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17160.0
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2023-02-09 00:00:00 UTC
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This Is Retail Investors' Favorite Stock to Own (and It's Not Apple or a Meme Stock)
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https://www.nasdaq.com/articles/this-is-retail-investors-favorite-stock-to-own-and-its-not-apple-or-a-meme-stock
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For well over a century, everyday investors have been putting their money to work on Wall Street right alongside professional money managers. But over the past two years, these retail investors have rocked the boat like never before.
In late January 2021, when short squeezes were all the rage, everyday investors accounted for about 22% of total trading volume. But according to JPMorgan Chase's Managing Director of Big Data and AI (Artificial Intelligence) Strategies Peng Cheng, retail investors surpassed this previous record between Jan. 25, 2023 and Feb. 1, 2023 and accounted for 23% of total trading volume. In other words, the everyday investor is making their presence felt -- and it pays to know what stocks they like and hold.
Image source: Getty Images.
Retail investors are increasingly gravitating to time-tested businesses
Since you'll find everyday investors at all online brokerages, there's no perfect way to get an all-encompassing picture of what they're holding. However, Robinhood Markets' (NASDAQ: HOOD) online brokerage platform is geared toward everyday investors. It has no minimum deposit requirements, charges no commission for stocks purchased on major U.S. exchanges, and even offers free shares of stock for new members who deposit money with the company. Robinhood tends to be a good gauge of retail-investor sentiment.
The reason I mention Robinhood is because it provides a public and constantly updated view of the 100 most-popular securities on its platform. These are the 100 most-held stocks and exchange-traded funds in retail investors' portfolios right now.
As you can imagine, meme stocks have been a fixture on this Robinhood leaderboard and, at one point in 2021, even dominated the top 10. But that's not the case any longer. More than half of Robinhood's 10 most-held stocks are profitable and time-tested multinational businesses like Walt Disney, Microsoft, and Ford Motor Company.
Tech-stock Apple (NASDAQ: AAPL), which is the largest publicly traded company by market cap in the U.S., has vacillated between No. 1 and No. 2 on Robinhood's leaderboard a couple of times. Apple has easily recognizable products (iPhone, Mac, iPad), a loyal customer base, and is nothing short of a money machine. Over the trailing-12-month period, it generated $109.2 billion in operating cash flow.
But Apple isn't currently the No. 1 stock held by retail investors. And it's not a meme stock, either.
Retail investors are stomping the accelerator on this hot stock
According to data from Robinhood, electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is the stock you're likeliest to find in everyday investors' portfolios.
Admittedly, some of you might be of the opinion that Tesla is a meme stock. It certainly has had instances where emotional short-term investing has driven its valuation markedly higher. However, Tesla is profitable on a recurring basis, and just 3.4% of its float (i.e., tradable shares) is currently being sold short. Meme stocks are typically small-cap, money-losing businesses with high short interest. Tesla doesn't fit this definition in any respect.
Everyday investors appear to fancy Tesla for three reasons. To begin with, Tesla has enjoyed first-mover advantages in the EV space. It's the first automaker to successfully build itself from the ground up to mass production in over a half-century.
Last year, the company produced 1.37 million EVs (its first year north of 1 million) and delivered 1.31 million EVs. With the Berlin, Germany, and Austin, Tex. gigafactories ramping up activity, producing 1.8 million EVs in 2023 isn't out of the question.
Second, as I pointed out, Tesla is profitable, based on generally accepted accounting principles (GAAP). It's generated a full-year GAAP profit in each of the past three years and is no longer reliant on selling renewable energy credit to deliver the green. Meanwhile, the EV divisions of competing legacy automakers are bleeding red as they invest heavily in innovation, infrastructure, and batteries for an electrified future.
And third, retail investors really seem to like Tesla CEO Elon Musk. He's a visionary who has overseen the development of multiple Tesla EVs and has taken the company into robotics and energy storage (battery storage and solar panels). Beyond Tesla, Musk is the founder of SpaceX and the Boring Company, the owner and CEO of social media network Twitter, and the co-founder of Neuralink.
The Model 3 is Tesla's flagship sedan. Image source: Tesla.
Everyday investors could be in for a rude awakening
Although Tesla has been one of the top-performing S&P 500 components over the trailing decade and has begun 2023 like it's been shot out of a cannon, retail investors' No. 1 stock to own is rife with red flags.
First, Tesla isn't immune to the economic headwinds facing the very cyclical auto industry. We've heard from a number of new and legacy automakers that semiconductor and general parts supply shortages are still adversely impacting production. Additionally, the U.S. economy looks increasingly likely to fall into a recession this year. Industries that produce commoditized products, like autos, are liable to struggle.
This brings me to the next very important point about Tesla: It's just a car company. In 2022, Tesla generated $81.5 billion in sales, with $10 billion on the nose coming from its energy segment and services on a combined basis. However, out of its $20.9 billion in gross profit, just $499 million came from these ancillary segments. Once other expenses are factored in, these become money-losing divisions. EVs really are everything to Tesla -- and this part of its business is weakening.
If you need evidence that Tesla is struggling, look no further than its pricing tactics in recent months. In both the U.S. and China, Tesla has lowered the sale price of its flagship Model 3 sedan and Model Y SUV up to 20%. If demand were strong and inventory levels weren't rising, we wouldn't be seeing prices reduced by this magnitude. Even if Tesla manages to boost production to north of 1.8 million EVs in 2023, its vehicle margin is set to crater at these price points.
TSLA PE Ratio (Forward) data by YCharts.
To build on this point, Tesla's valuation makes no sense whatsoever. While most auto stocks are valued at roughly six times Wall Street's 2023 profit forecast, Tesla is commanding a multiple of 49 times consensus earnings. Since it's nothing more than a car company, I'd expect this valuation to contract meaningfully.
Lastly, Elon Musk is more of a liability than a help to Tesla. Aside from finding himself in hot water with securities regulators on more than one occasion, Musk has a terrible habit of promising innovations without delivering. From level 5 full self-driving to 1 million robotaxis on our roads, Musk's promises are built into Tesla's share price, yet remain woefully unfulfilled.
In short, I believe everyday investors are setting themselves up for disappointment if they're counting on Tesla.
Find out why Tesla is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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.
Click here to get access to the full list!
*Stock Advisor returns as of January 9, 2023
JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, JPMorgan Chase, Microsoft, Tesla, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tech-stock Apple (NASDAQ: AAPL), which is the largest publicly traded company by market cap in the U.S., has vacillated between No. But according to JPMorgan Chase's Managing Director of Big Data and AI (Artificial Intelligence) Strategies Peng Cheng, retail investors surpassed this previous record between Jan. 25, 2023 and Feb. 1, 2023 and accounted for 23% of total trading volume. Beyond Tesla, Musk is the founder of SpaceX and the Boring Company, the owner and CEO of social media network Twitter, and the co-founder of Neuralink.
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Tech-stock Apple (NASDAQ: AAPL), which is the largest publicly traded company by market cap in the U.S., has vacillated between No. Last year, the company produced 1.37 million EVs (its first year north of 1 million) and delivered 1.31 million EVs. The Motley Fool has positions in and recommends Apple, JPMorgan Chase, Microsoft, Tesla, and Walt Disney.
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Tech-stock Apple (NASDAQ: AAPL), which is the largest publicly traded company by market cap in the U.S., has vacillated between No. Retail investors are stomping the accelerator on this hot stock According to data from Robinhood, electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is the stock you're likeliest to find in everyday investors' portfolios. Last year, the company produced 1.37 million EVs (its first year north of 1 million) and delivered 1.31 million EVs.
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Tech-stock Apple (NASDAQ: AAPL), which is the largest publicly traded company by market cap in the U.S., has vacillated between No. But Apple isn't currently the No. Retail investors are stomping the accelerator on this hot stock According to data from Robinhood, electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is the stock you're likeliest to find in everyday investors' portfolios.
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17161.0
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2023-02-09 00:00:00 UTC
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Rovio posts Q4 profit drop, says mobile game market shrank last year
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AAPL
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https://www.nasdaq.com/articles/rovio-posts-q4-profit-drop-says-mobile-game-market-shrank-last-year
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nan
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Feb 9 (Reuters) - Finnish game maker Rovio ROVIO.HE, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever.
"The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when theglobal marketgrew annually by 30.1% and 12.5%, respectively," the company said in its financial statement.
Rovio, which is currently the target of a takeover offer from larger U.S.-listed rival Playtika PLTK.O, said game developers' revenue was also dented by privacy changes on Apple's iPhone.
"Apple's App Tracking Transparency (ATT) framework has heavily impacted game publishers' ability to target high-value players," the gamemaker said.
Rovio reported a 55% decline to 5.9 million euros ($6.3 million) in its fourth-quarter adjusted operating profit, while its revenue declined 2.5%.
Rovio said its games outperformed the market but that its low profit in 2022 was due to a writedown of its subsidiary that tried to develop Hatch, a 5G gaming platform that never resulted in commercial success.
The mobile gaming market showed signs of stabilising towards the end of the year, it said, adding it expects flat revenue and profit development this year.
"After five consecutive quarters of decline, it was encouraging to see the U.S. market turn to slight growth," CEO Alex Pelletier-Normand said in a statement.
On Monday, Rovio said it had initiated a strategic review and entered "preliminary nonbinding discussions" to consider Playtika's offer for its shares.
($1 = 0.9319 euros)
(Reporting by Anne Kauranen; editing by Jason Neely)
((anne.kauranen@thomsonreuters.com; +358401895560;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rovio, which is currently the target of a takeover offer from larger U.S.-listed rival Playtika PLTK.O, said game developers' revenue was also dented by privacy changes on Apple's iPhone. "Apple's App Tracking Transparency (ATT) framework has heavily impacted game publishers' ability to target high-value players," the gamemaker said. "After five consecutive quarters of decline, it was encouraging to see the U.S. market turn to slight growth," CEO Alex Pelletier-Normand said in a statement.
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Feb 9 (Reuters) - Finnish game maker Rovio ROVIO.HE, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever. Rovio reported a 55% decline to 5.9 million euros ($6.3 million) in its fourth-quarter adjusted operating profit, while its revenue declined 2.5%. The mobile gaming market showed signs of stabilising towards the end of the year, it said, adding it expects flat revenue and profit development this year.
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Feb 9 (Reuters) - Finnish game maker Rovio ROVIO.HE, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever. Rovio reported a 55% decline to 5.9 million euros ($6.3 million) in its fourth-quarter adjusted operating profit, while its revenue declined 2.5%. Rovio said its games outperformed the market but that its low profit in 2022 was due to a writedown of its subsidiary that tried to develop Hatch, a 5G gaming platform that never resulted in commercial success.
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Feb 9 (Reuters) - Finnish game maker Rovio ROVIO.HE, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever. "The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when theglobal marketgrew annually by 30.1% and 12.5%, respectively," the company said in its financial statement. Rovio, which is currently the target of a takeover offer from larger U.S.-listed rival Playtika PLTK.O, said game developers' revenue was also dented by privacy changes on Apple's iPhone.
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17162.0
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2023-02-09 00:00:00 UTC
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US STOCKS-Futures rise on earnings optimism, Disney climbs on revamp plan
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-rise-on-earnings-optimism-disney-climbs-on-revamp-plan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures up: Dow 0.75%, S&P 0.90%, Nasdaq 1.30%
Feb 9 (Reuters) - U.S. stock index futures rose on Thursday as a slew of strong quarterly earnings lifted sentiment after worries that the Federal Reserve will keep interest rates higher for longer had fueled losses on Wall Street a day earlier.
Walt Disney Co DIS.N climbed 6.6% in premarket trading after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs and make its streaming business profitable.
Casino stocks Wynn Resorts WYNN.O and MGM Resorts International MGM.N gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period.
PepsiCo Inc PEP.O rose 1.4% as the soda maker reported better-than-expected results for its fourth quarter.
Tobacco firm Philip Morris International Inc PM.N, drugmaker Abbvie Inc ABBV.N, apparel maker Ralph Lauren Corp RL.N and cereal maker Kellogg Co K.N are all set to report earnings during the day.
Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data. In a typical quarter 66% top estimates.
U.S. stock indexes have enjoyed an upbeat start to the year, largely driven by hopes that the Federal Reserve is nearing the end of its interest rate-hike cycle and data signaling resilience in the economy.
However, equity markets have wavered in the recent days as Fed officials acknowledged the cooling in U.S. inflation but said that more interest rate rises are in the cards amid evidence of a still-strong labor market.
Data at 8:30 a.m. ET is expected to show the number of Americans filing for unemployment benefits rose to 190,00 in the week ended Feb. 4, after an increase of 183,00 in the previous week.
Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O, Google-parent Alphabet GOOGL.O climbed in the range of 1% to 2% as U.S. Treasury yields extended declines. US/
At 5:55 a.m. ET, Dow e-minis 1YMcv1 were up 254 points, or 0.75%, S&P 500 e-minis EScv1 were up 37.25 points, or 0.9%, and Nasdaq 100 e-minis NQcv1 were up 162.5 points, or 1.3%.
Tesla Inc TSLA.O firmed 3.7% as a U.S. safety board said it found no evidence a Tesla Model S was operating on Autopilot during an April 2021 fatal crash.
Salesforce Inc CRM.N edged 1.6% higher as a source familiar with the matter told Reuters that hedge fund Third Point LLC owns a stake in the company.
(Reporting by Sruthi Shankar, Medha Singh and Johann M Cherian in Bengaluru; Editing by Sriraj Kalluvila)
((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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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O, Google-parent Alphabet GOOGL.O climbed in the range of 1% to 2% as U.S. Treasury yields extended declines. Walt Disney Co DIS.N climbed 6.6% in premarket trading after topping earnings estimates and announcing 7,000 job cuts as part of an effort to save $5.5 billion in costs and make its streaming business profitable. U.S. stock indexes have enjoyed an upbeat start to the year, largely driven by hopes that the Federal Reserve is nearing the end of its interest rate-hike cycle and data signaling resilience in the economy.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O, Google-parent Alphabet GOOGL.O climbed in the range of 1% to 2% as U.S. Treasury yields extended declines. Futures up: Dow 0.75%, S&P 0.90%, Nasdaq 1.30% Feb 9 (Reuters) - U.S. stock index futures rose on Thursday as a slew of strong quarterly earnings lifted sentiment after worries that the Federal Reserve will keep interest rates higher for longer had fueled losses on Wall Street a day earlier. Casino stocks Wynn Resorts WYNN.O and MGM Resorts International MGM.N gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O, Google-parent Alphabet GOOGL.O climbed in the range of 1% to 2% as U.S. Treasury yields extended declines. Futures up: Dow 0.75%, S&P 0.90%, Nasdaq 1.30% Feb 9 (Reuters) - U.S. stock index futures rose on Thursday as a slew of strong quarterly earnings lifted sentiment after worries that the Federal Reserve will keep interest rates higher for longer had fueled losses on Wall Street a day earlier. Casino stocks Wynn Resorts WYNN.O and MGM Resorts International MGM.N gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period.
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Megacap stocks including Meta Platforms META.O, Apple Inc AAPL.O, Microsoft Corp MSFT.O, Google-parent Alphabet GOOGL.O climbed in the range of 1% to 2% as U.S. Treasury yields extended declines. PepsiCo Inc PEP.O rose 1.4% as the soda maker reported better-than-expected results for its fourth quarter. Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data.
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2023-02-08 00:00:00 UTC
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3 Blue Chip Stocks To Watch In February 2023
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AAPL
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https://www.nasdaq.com/articles/3-blue-chip-stocks-to-watch-in-february-2023
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Blue chip stocks are highly respected and established companies that have a strong reputation for stability and steady growth. Blue chip companies are typically leaders in their respective industries and have a long history of profitability, making them potentially attractive to both individual and institutional investors.
Examples of blue chip stocks include large multinational corporations such as Apple (NASDAQ: AAPL), Johnson & Johnson (NYSE: JNJ), and Microsoft (NASDAQ: MSFT). These companies have proven track records of success, with a long history of consistently high earnings and steady growth. Their financial stability and reputation for reliability make them a popular choice among investors looking to build a balanced and diversified portfolio.
In addition, blue chip stocks often pay dividends to shareholders, providing a steady source of income in addition to any potential capital gains. Investing in blue chip stocks can provide a solid foundation for your investment portfolio and offer peace of mind in knowing that you are investing in well-established companies with a long history of success. It’s important to note that, while these stocks are generally considered to be low-risk, no investment is completely risk-free, so it’s important to conduct your own research and due diligence. Accordingly, let’s look at three blue-chip stocks for you to watch in the stock market today.
Blue Chip Stocks To Buy [Or Avoid] Today
JP Morgan Chase & Co. (NYSE: JPM)
The Procter & Gamble Company (NYSE: PG)
The Coca-Cola Company (NYSE: KO)
JP Morgan Chase & Co. (JPM Stock)
To kick off this list let’s turn our attention to JP Morgan Chase & Co. (JPM). In brief, the company is one of the largest financial institutions in the United States. What’s more, JPM is organized into four major segments. These are consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.
Moving along, just last month, JPM reported its Q4 2022 financial and operating results. In the report, the company reported earnings per share of $3.57, along with $47.4 billion. For context, these numbers came in better than what analysts estimated, which was earnings of $3.11 per share and $34.2 billion in revenue. Moreover, JP Morgan Chase & Co also reported a 54.6% increase in revenue on a year-over-year basis.
Looking since the beginning of 2023, shares of JPM stock have increased by 6.05%. Meanwhile, on Wednesday morning, JPM stock opened down by 0.26% and is currently trading at $143.29 a share.
Source: TD Ameritrade TOS
[Read More] 3 Natural Gas Stocks To Watch Today
Procter & Gamble (PG Stock)
Next, let’s look at consumer giant The Procter & Gamble Company (PG). This consumer goods behemoth owns popular brands like Tide, Crest, and Pampers. Additionally, PG currently operates in multiple business segments. These include Beauty, Grooming, Health Care, Fabric & Home Care, among others.
In January, Procter & Gamble released its Q2 2023 financial results. Diving in, the company posted 2nd quarter 2023 earnings of $1.59 per share, with revenue of $20.8 billion. Wall Street consensus estimates were an EPS of $1.58 per share, along with revenue estimates of $20.6 billion. Meanwhile, PG said it continues to estimate fiscal 2023 earnings in the range of $5.81 to $6.04 per share.
Year-to-date so far, shares of Procter & Gamble stock have dropped by 8.33%. While, during Wednesday morning’s trading action, PG stock opened the day lower by 0.75% at $138.95 per share.
Source: TD Ameritrade TOS
[Read More] What Stocks To Buy Today? 3 AI Stocks To Know
Coca-Cola (KO Stock)
Last but not least, we have The Coca-Cola Company (KO). To start, Coca-Cola is the largest nonalcoholic beverage company in the world. Notably, the company has a strong portfolio of 200 brands covering key categories. These include carbonated soft drinks, water, sports, energy, juice, and coffee.
In January, The Coca-Cola Company reported that it will announce its fourth-quarter and full-year 2022 financial results. In detail, the company will announce the results Tuesday, February 14, 2023, before the stock market opens. For a brief refresher, in Q3 2022, KO reported better-than-expected earnings of $0.69 per share, with revenue of $11.1 billion.
In 2023 so far, shares of Coca-Cola stock have fallen by 5.13% year-to-date. With that, during Monday morning’s trading session, KO stock is trading lower by 0.52% at $59.76 a share.
Source: TD Ameritrade TOS
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Examples of blue chip stocks include large multinational corporations such as Apple (NASDAQ: AAPL), Johnson & Johnson (NYSE: JNJ), and Microsoft (NASDAQ: MSFT). Blue chip companies are typically leaders in their respective industries and have a long history of profitability, making them potentially attractive to both individual and institutional investors. Their financial stability and reputation for reliability make them a popular choice among investors looking to build a balanced and diversified portfolio.
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Examples of blue chip stocks include large multinational corporations such as Apple (NASDAQ: AAPL), Johnson & Johnson (NYSE: JNJ), and Microsoft (NASDAQ: MSFT). Blue chip stocks are highly respected and established companies that have a strong reputation for stability and steady growth. Blue Chip Stocks To Buy [Or Avoid] Today JP Morgan Chase & Co. (NYSE: JPM) The Procter & Gamble Company (NYSE: PG) The Coca-Cola Company (NYSE: KO) JP Morgan Chase & Co. (JPM Stock) To kick off this list let’s turn our attention to JP Morgan Chase & Co. (JPM).
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Examples of blue chip stocks include large multinational corporations such as Apple (NASDAQ: AAPL), Johnson & Johnson (NYSE: JNJ), and Microsoft (NASDAQ: MSFT). Blue Chip Stocks To Buy [Or Avoid] Today JP Morgan Chase & Co. (NYSE: JPM) The Procter & Gamble Company (NYSE: PG) The Coca-Cola Company (NYSE: KO) JP Morgan Chase & Co. (JPM Stock) To kick off this list let’s turn our attention to JP Morgan Chase & Co. (JPM). Source: TD Ameritrade TOS [Read More] 3 Natural Gas Stocks To Watch Today Procter & Gamble (PG Stock) Next, let’s look at consumer giant The Procter & Gamble Company (PG).
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Examples of blue chip stocks include large multinational corporations such as Apple (NASDAQ: AAPL), Johnson & Johnson (NYSE: JNJ), and Microsoft (NASDAQ: MSFT). Investing in blue chip stocks can provide a solid foundation for your investment portfolio and offer peace of mind in knowing that you are investing in well-established companies with a long history of success. Blue Chip Stocks To Buy [Or Avoid] Today JP Morgan Chase & Co. (NYSE: JPM) The Procter & Gamble Company (NYSE: PG) The Coca-Cola Company (NYSE: KO) JP Morgan Chase & Co. (JPM Stock) To kick off this list let’s turn our attention to JP Morgan Chase & Co. (JPM).
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17164.0
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2023-02-08 00:00:00 UTC
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Apple Forecast: My AAPL Stock Price Prediction for 2025
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AAPL
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https://www.nasdaq.com/articles/apple-forecast%3A-my-aapl-stock-price-prediction-for-2025
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Apple’s (NASDAQ:AAPL) first-quarter fiscal 2023 results caught investors’ attention but not necessarily in a good way. The results were in the financial headlines because Apple posted an earnings miss, which is rare. Yet, AAPL stock should still gain value over the next few years and will likely reward loyal investors through the year 2025.
For many consecutive quarters, Apple has beat analysts’ consensus estimates for earnings per share (EPS). Perhaps this led to a sense of complacency about Apple. Is the company invulnerable to earnings misses?
The answer is no, but Apple’s disappointing quarterly results shouldn’t prompt anyone to give up on the company. There are actually some encouraging data points in Apple’s quarterly report. Furthermore, a downbeat earnings release now can provide a setup for a relief rally later on.
AAPL Stock Traders Are Stunned by Apple’s EPS Miss
So, here’s why some AAPL stock traders are up in arms. For the first quarter of fiscal 2023, Apple earned $1.88 per share, missing Wall Street’s consensus estimate of $1.95 per share. Also, analysts expected Apple to generate $121.7 billion in quarterly revenue, but the actual results came in at $117.2 billion.
Are these downbeat results the end of the road for Apple? Some shortsighted traders might feel that way, but let’s look at the bigger picture. For one thing, AAPL stock is holding steady, staying fairly close to the $150-ish level that’s been a magnet since mid-2021.
Besides, Apple’s quarterly data points weren’t all bad. Notably, Apple’s iPad sales of $9.4 billion exceeded Wall Street’s consensus estimate of $7.9 billion. And, that’s not the only area in which Apple demonstrated strength.
Apple Excels in Services Segment and Grows Installed Base of Devices
Here are some statistics that Apple’s skeptics might be ignoring. First, Apple achieved an all-time record in terms of quarterly services-sector revenue. Also, Apple’s installed base of active devices crossed the 2 billion mark.
Amazingly, Apple’s services revenue reached $20.8 billion. Additionally, the company’s services revenue was up 6.4% year over year and outpaced Wall Street’s forecast of $20.5 billion. This is significant, as Apple isn’t just a seller of gadgets; it’s also a major provider of a range of services.
Finally, the doubters should observe that Apple’s installed base of active devices (over 2 billion now, as we mentioned earlier) increased by more than 150 million year over year. With that figure undoubtedly in mind, Bank of America Global Research analyst Wamsi Mohan observed that Apple “continues to penetrate the installed base and increase monetization.”
So, Here’s My AAPL Stock Price Prediction for 2025
No company, not even Apple, is invulnerable to occasional EPS misses. This doesn’t mean it’s time for loyal Apple shareholders to abandon the company now.
I encourage you to look at the bigger picture and read all of the relevant data points. Apple isn’t just a seller of smartphones; it’s also a significant provider of tech-related services. And, the company is demonstrating outstanding results in that regard.
Therefore, I’m preparing for AAPL stock to break powerfully out of its long-standing range and hit $300 by 2025. Always remember, Apple is liable to have a “bad” quarter from time to time, but even the company’s worst quarters aren’t all that bad and can lead to positive surprises down the road.
On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.
The post Apple Forecast: My AAPL Stock Price Prediction for 2025 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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For one thing, AAPL stock is holding steady, staying fairly close to the $150-ish level that’s been a magnet since mid-2021. With that figure undoubtedly in mind, Bank of America Global Research analyst Wamsi Mohan observed that Apple “continues to penetrate the installed base and increase monetization.” So, Here’s My AAPL Stock Price Prediction for 2025 No company, not even Apple, is invulnerable to occasional EPS misses. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple’s (NASDAQ:AAPL) first-quarter fiscal 2023 results caught investors’ attention but not necessarily in a good way.
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With that figure undoubtedly in mind, Bank of America Global Research analyst Wamsi Mohan observed that Apple “continues to penetrate the installed base and increase monetization.” So, Here’s My AAPL Stock Price Prediction for 2025 No company, not even Apple, is invulnerable to occasional EPS misses. The post Apple Forecast: My AAPL Stock Price Prediction for 2025 appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple’s (NASDAQ:AAPL) first-quarter fiscal 2023 results caught investors’ attention but not necessarily in a good way.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple’s (NASDAQ:AAPL) first-quarter fiscal 2023 results caught investors’ attention but not necessarily in a good way. AAPL Stock Traders Are Stunned by Apple’s EPS Miss So, here’s why some AAPL stock traders are up in arms. With that figure undoubtedly in mind, Bank of America Global Research analyst Wamsi Mohan observed that Apple “continues to penetrate the installed base and increase monetization.” So, Here’s My AAPL Stock Price Prediction for 2025 No company, not even Apple, is invulnerable to occasional EPS misses.
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AAPL Stock Traders Are Stunned by Apple’s EPS Miss So, here’s why some AAPL stock traders are up in arms. With that figure undoubtedly in mind, Bank of America Global Research analyst Wamsi Mohan observed that Apple “continues to penetrate the installed base and increase monetization.” So, Here’s My AAPL Stock Price Prediction for 2025 No company, not even Apple, is invulnerable to occasional EPS misses. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple’s (NASDAQ:AAPL) first-quarter fiscal 2023 results caught investors’ attention but not necessarily in a good way.
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17165.0
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2023-02-08 00:00:00 UTC
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The Best Stocks to Buy to Profit From AI’s ‘iPhone Moment’
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AAPL
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https://www.nasdaq.com/articles/the-best-stocks-to-buy-to-profit-from-ais-iphone-moment
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Welcome, folks, as we get ready for another installment of our weekly Hypergrowth Investing podcast, where we discuss all things investing, such as electric vehicles (EVs), automation and so much more. But this week, we’re doing a deep-dive into the topic of the year: artificial intelligence (AI).
We’ve said it before. AI will change everything about everything, just like the internet, the computer, fire – even the wheel – changed everything about everything. The AI Revolution is here, and we think it’ll move forward at lightning speed over the next few years. So let’s unpack it, understand it, and find ways to profit from AI stocks.
Broadly speaking, artificial intelligence is technology that uses data to learn and improve over time without the need for human intervention or oversight. But the topic is amorphous – AI isn’t one thing. There’s conversational AI, like OpenAI’s ChatGPT and Alphabet’s (GOOG, GOOGL) Bard. We’ve had more ubiquitous low-level voice AI in things like Siri, Alexa, and Google Assistant. And what about services like Spotify (SPOT)? That platform uses machine-learning algorithms to track songs users enjoy in order to recommend new music. We have robotics, automated software, self-driving cars… the list goes on. AI can be manifested in so many ways; and that’s why investors are so excited about it.
But why is that hype happening right now? ChatGPT. In short, artificial intelligence is having its ‘iPhone Moment.’ When Apple (AAPL) released the first iPhone, the internet had been around for many years. But it wasn’t until that breakthrough consumer product – with robust technological power literally in the palms of our hands – that we exploded into the internet era.
Now innovations like ChatGPT are arriving at a time when the world is producing exponential amounts of data, which is essential for AI development. And the volume of daily data creation is only going to explode higher from here.
We’ve arrived at a new era, folks. And it’s time to embrace this AI Revolution to score generational gains.
So Which AI Stocks Should You Buy?
With that, let’s get to the million-dollar question: What are the best AI stocks to buy right now?
Well, the simplest, most straight-forward way to play AI is to buy Big Tech stocks. We’re talking Microsoft (MSFT), Alphabet, Amazon (AMZN), Apple, and Meta (META). These behemoths have access to all of the world’s data – trillions of social, consumer interest, location, and usage data points. Plus, they have and continue to attract world-class engineering and tech professionals through enormous salaries and stock compensation packages. Talent + data = robust AI.
Big Tech has been heavily investing in artificial intelligence for years, and now they will unleash all that tech to the world, fueling this revolution’s fire. Recently, their stocks have been making substantial comebacks from multi-year lows. These are rallies you want to buy into.
In truth, since they have sole access to the world’s data, Big Tech will rule the day when it comes to AI. So, when looking to invest in startups, be very selective. Find the companies innovating in the space and carving out a competitive niche for themselves. Otherwise, they’ll be crushed as this revolution propels the entire world into the future.
Watch our full episode of Hypergrowth Investing to hear the entire bull case for AI stocks, quantitative investing, housing stocks, and much more.
On the date of publication, Seth Kuczinski did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post The Best Stocks to Buy to Profit From AI’s ‘iPhone Moment’ 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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In short, artificial intelligence is having its ‘iPhone Moment.’ When Apple (AAPL) released the first iPhone, the internet had been around for many years. Broadly speaking, artificial intelligence is technology that uses data to learn and improve over time without the need for human intervention or oversight. But it wasn’t until that breakthrough consumer product – with robust technological power literally in the palms of our hands – that we exploded into the internet era.
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In short, artificial intelligence is having its ‘iPhone Moment.’ When Apple (AAPL) released the first iPhone, the internet had been around for many years. But this week, we’re doing a deep-dive into the topic of the year: artificial intelligence (AI). So let’s unpack it, understand it, and find ways to profit from AI stocks.
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In short, artificial intelligence is having its ‘iPhone Moment.’ When Apple (AAPL) released the first iPhone, the internet had been around for many years. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Welcome, folks, as we get ready for another installment of our weekly Hypergrowth Investing podcast, where we discuss all things investing, such as electric vehicles (EVs), automation and so much more. So Which AI Stocks Should You Buy?
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In short, artificial intelligence is having its ‘iPhone Moment.’ When Apple (AAPL) released the first iPhone, the internet had been around for many years. Now innovations like ChatGPT are arriving at a time when the world is producing exponential amounts of data, which is essential for AI development. So Which AI Stocks Should You Buy?
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17166.0
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2023-02-08 00:00:00 UTC
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After Hours Most Active for Feb 8, 2023 : RF, AFRM, KBWB, DIS, MSFT, QQQ, LBRT, AAPL, HOOD, AES, MRO, C
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-feb-8-2023-%3A-rf-afrm-kbwb-dis-msft-qqq-lbrt-aapl-hood-aes-mro
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The NASDAQ 100 After Hours Indicator is up 9.97 to 12,505.35. The total After hours volume is currently 76,953,882 shares traded.
The following are the most active stocks for the after hours session:
Regions Financial Corporation (RF) is unchanged at $23.85, with 5,696,063 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $0.68. RF's current last sale is 93.53% of the target price of $25.5.
Affirm Holdings, Inc. (AFRM) is -2.94 at $13.08, with 4,070,127 shares traded. Smarter Analyst Reports: Marqeta Expands Partnership with Klarna Bank; Shares Gain 6.5% Pre-Market
Invesco KBW Bank ETF (KBWB) is +0.1847 at $58.87, with 3,635,594 shares traded. This represents a 23.95% increase from its 52 Week Low.
Walt Disney Company (The) (DIS) is +3.86 at $115.64, with 3,535,469 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $0.69. Smarter Analyst Reports: Disney+ to Launch Ad-Supported Subscription Offering
Microsoft Corporation (MSFT) is +0.28 at $267.01, with 2,176,903 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $2.55. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is +0.13 at $304.50, with 1,936,075 shares traded. This represents a 19.76% increase from its 52 Week Low.
Liberty Energy Inc. (LBRT) is unchanged at $15.64, with 1,900,432 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $0.82. LBRT's current last sale is 71.09% of the target price of $22.
Apple Inc. (AAPL) is +0.34 at $152.26, with 1,873,373 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Robinhood Markets, Inc. (HOOD) is +0.28 at $10.75, with 1,775,571 shares traded. HOOD's current last sale is 107.5% of the target price of $10.
The AES Corporation (AES) is unchanged at $26.16, with 1,675,641 shares traded. As reported by Zacks, the current mean recommendation for AES is in the "strong buy range".
Marathon Oil Corporation (MRO) is unchanged at $26.60, with 1,417,545 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $0.95. MRO is scheduled to provide an earnings report on 2/15/2023, for the fiscal quarter ending Dec2022. The consensus earnings per share forecast is 0.87 per share, which represents a 77 percent increase over the EPS one Year Ago
Citigroup Inc. (C) is unchanged at $51.15, with 1,380,558 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.67. C's current last sale is 96.51% of the target price of $53.
The views and 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 +0.34 at $152.26, with 1,873,373 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Smarter Analyst Reports: Marqeta Expands Partnership with Klarna Bank; Shares Gain 6.5% Pre-Market
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. Apple Inc. (AAPL) is +0.34 at $152.26, with 1,873,373 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. Apple Inc. (AAPL) is +0.34 at $152.26, with 1,873,373 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
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Apple Inc. (AAPL) is +0.34 at $152.26, with 1,873,373 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 9.97 to 12,505.35.
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17167.0
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2023-02-08 00:00:00 UTC
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The 7 Best Beaten-Down Warren Buffett Stocks to Buy
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AAPL
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https://www.nasdaq.com/articles/the-7-best-beaten-down-warren-buffett-stocks-to-buy
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When it comes to Warren Buffett stocks to buy, the quintessential purchase is Berkshire Hathaway (NYSE:BRK-B). After all, when you buy shares in Berkshire, you not only get a bunch of great operating businesses like BNSF Railway, Geico, Berkshire Energy and so many more, but you also get an equity portfolio currently worth more than $350.5 billion.
When I wrote about the portfolio in March 2021, it was worth $279 billion, so it grew by $71 billion, or 25.6%, in less than 24 months. During the same period, the S&P 500 is up 6.4%. Of course, I’d have to go back and subtract the funds added to the portfolio over the past 24 months, but I think you’ll find that even then, Buffett and his two other portfolio managers — Todd Combs and Ted Weschler — have outperformed the index. This is why I’ve always said that buying BRK-B is better than owning a market-beating low-cost ETF.
After a tough year for the markets, a number of the 52 publicly traded U.S. stocks owned by Berkshire Hathaway are lower. For instance, Apple (NASDAQ:AAPL), the holding company’s largest holding accounting for 39.7% of the equity portfolio, is down 13.4% over the past 52 weeks.
Of course, Buffett didn’t get where he is today by worrying about short-term gyrations in the market. He buys stocks for the long haul. For average investors, the past year’s weakness may present a great opportunity to pick up some of Buffett’s favorite stocks at a discount.
Each of the seven names on this list is down more than the S&P 500 over the past year. So, without further ado, here are the best beaten-down Warren Buffett stocks to buy.
PARA Paramount Global $22.42
BAC Bank of America $36.49
TSM Taiwan Semiconductor Manufacturing $94.29
DVA DaVita $83.57
HPQ HP $29.60
BK Bank of New York Mellon $51.78
AAPL Apple $151.92
Paramount Global (PARA)
Source: Tada Images / Shutterstock.com
Paramount Global (NASDAQ:PARA), Berkshire’s 21st-largest holding, accounts for 0.6% of the portfolio. It owns 15% of the company created after the 2019 merger that brought together CBS and Viacom.
I’ve been a subscriber to Paramount+ for several months. I find its content far more compelling than Disney+, but I don’t have kids, so I’m probably not the demographic Disney is after.
Paramount’s stock has lost more than any of Berkshire’s top 20 holdings over the past year, down 33.1%. Buffett bought more PARA shares in Q3 2022. It will be interesting to see if the holding company added to the position in the fourth quarter, which we will learn mid-month. If so, it would almost certainly boost Paramount’s share price in the near term.
In late January, the company said it would merge Paramount+ and Showtime. There have also been rumblings that Paramount+ and Peacock could join into one streaming platform to take on Netflix (NASDAQ:NFLX), Disney (NYSE:DIS), Amazon (NASDAQ:AMZN) Prime, and Apple.
Whatever happens, PARA remains cheap with an enterprise value of $29.2 billion, less than six times earnings before interest, taxes, depreciation and amortization (EBITDA).
Bank of America (BAC)
Source: 4kclips / Shutterstock.com
Bank of America (NYSE:BAC) is Berkshire’s biggest financial services holding, accounting for 10.8% of its equity portfolio. The 1.03 billion shares held are good for a 12.9% stake in the bank.
In April 2020, Berkshire got approval from the Federal Reserve Bank of Richmond to buy up to a 24.9% stake in BAC. Berkshire started investing in Bank of America in 2011 by purchasing $5 billion in preferred stock that came with warrants to buy 700 million common shares.
It’s estimated to have paid an average price of $25.52 a share over the past decade. The stock is 43% above that price despite a 24% decline in its share price over the past year.
In addition to long-term capital appreciation, Bank of America pays a 22-cent quarterly dividend for a yield of 2.4%. Based on Berkshire’s 1.03 billion shares held at the end of the third quarter, BAC supplied the company with more than $226.6 million in passive income for the quarter.
Analysts are mixed on BAC stock. Of the 28 covering it, just 15 rate it “overweight” or “buy,” with an average target price of $40.81, a few dollars higher than where it’s currently trading. Ignore the analysts and go with Buffett instead.
Taiwan Semiconductor Manufacturing (TSM)
Source: Sundry Photography / Shutterstock.com
Taiwan Semiconductor Manufacturing (NYSE:TSM) is one of Berkshire’s newest positions and one of the largest new positions, accounting for 1.6% of the portfolio.
Buffett bought the entire 6o.1 million shares in the third quarter of 2022. Berkshire paid an estimated average of $68.56 a share, about 15% above the stock’s 52-week low. Currently, shares are trading 37.5% above Berkshire’s average purchase price.
TSM supplies an estimated 90% of the world’s super-advanced computer chips. Apple is a big customer. Buffett’s gotten very familiar with Apple’s operations. So it made sense to buy shares in a beaten-down supplier. If Apple succeeds, so too does Taiwan Semiconductor.
TSM finished 2022 as the largest company in the Asia Supply Chain Market Cap 100 ranking despite losing nearly $200 billion in market cap last year. It’s got a big chunk of that back in the first six weeks of 2023.
By most financial metrics, TSM’s valuation remains lower than it has been at almost any time over the past four years.
DaVita (DVA)
Source: APN Photography / Shutterstock.com
DaVita (NYSE:DVA) is Berkshire’s largest position in terms of its ownership stake. The holding company owns 40.1% of the operator of dialysis centers. Its next largest ownership stake is Kraft Heinz (NASDAQ:KHC) at 26.6%.
Buffett first acquired shares in Q4 2011. Its estimated average price paid per share is $48.85. So, despite some difficulties at the company over the past decade, Berkshire is comfortably in the black on its bet.
If you look at DaVita’s Q3 2022 results, you’ll notice that the revenue per treatment in the first nine months of 2022 was $6.47 higher at $364.89. However, the patient care costs per treatment were $12.64 higher at $251.88. As a result, the company’s adjusted operating margin was 13%, 340 basis points lower than a year ago in the same period. Can you say inflation?
Free cash flow is one place the company managed to keep pace with last year. In the first nine months of 2022, it was $1.032 billion, just $22 million less than a year ago. Its trailing 12-month free cash flow is $1.15 billion. Based on its $7.53 billion market cap, it has a free cash flow yield of 15.3%. I consider anything above 8% to be in value territory.
DVA remains an excellent long-term buy.
HP (HPQ)
Source: Ken Wolter / Shutterstock.com
HP (NYSE:HPQ) stock has fallen 20.5% in the past year and 29% from its April 2022 high of $41.47. Warren Buffett can thank the post-Covid-19 PC demand slowdown for the price correction. According to Gartner, Q4 global PC shipments fell by more than 28%. For its part, HP experienced a 26% decline in notebook sales during the quarter.
However, HP CEO Enrique Lores believes that demand will pick up in a year or two once work-at-home employees need to refresh their equipment.
“We really think that people are going to continue to work in a hybrid way, which means sometimes working from home and sometimes working from the office, doing different things in different locations,” Lores said. “And clearly, this is a big opportunity for us.”
HP is Berkshire’s 12th-largest holding with a current market value of $3.6 billion, good for 12.3% of the company and 1% of Berkshire’s equity portfolio. Berkshire is HP’s largest shareholder. It first acquired shares in the PC maker in Q1 2022, paying an estimated average price of $36.94 a share.
Yes, it’s underwater on its investment, but given Berkshire gets more than $127 million in dividends annually, it’s getting paid to wait for the rebound.
Bank of New York Mellon (BK)
Bank of New York Mellon (NYSE:BK) is the second of two banks on my list of beaten-down Warren Buffett stocks to buy. Berkshire owns 7.7%, accounting for 0.9% of the holding company’s equity portfolio.
The bank’s CEO, Hanneke Smits, just got named chairwoman of the 30% Club. The 30% Club are CEOs and executives from around the world working on getting female representation on large companies’ boards and executive committees to 30%, hence the name.
I’ve long felt that women often make better leaders than men. In 2018, I recommended seven women-led companies to invest in for long-term returns. Except for Ventas (NYSE:VTR) and Kohl’s (NYSE:KSS), they’ve seriously outperformed the S&P 500.
However, like many banks, Bank of New York Mellon had to make some adjustments to its business given the current economic environment. On Jan. 13, when it announced its Q4 2022 results, it said it would cut 1,500 jobs, or 3% of its workforce.
However, it earned $1.30 a share on an adjusted basis, 7% higher than in Q3 2022 and 25% above Q4 2021. It also beat the consensus estimate by eight cents.
It’s got a healthy 2.9% dividend yield to help tide shareholders over during this challenging time.
Apple (AAPL)
Source: pio3 / Shutterstock.com
I’d be a wealthy man if I had a dollar for every time a story was written about Warren Buffett and Apple. Because most readers already know the whole story of Berkshire’s investment in the iPhone maker, I won’t bother retelling it.
Apple recently delivered a rare stinker of a quarter, missing on almost every metric for its fiscal first quarter. Even the best companies aren’t going to hit their mark 100% of the time.
Revenue fell by 5% to $117.2 billion, with services providing one of the few bright spots. Services sales during the first quarter were $20.77 billion, 6.4% higher than a year ago. However, sales for iPhones fell 8.2% to $65.78 billion, accounting for 56% of its overall revenue. On the bottom line, EPS of $1.88 was 10.5% lower than a year ago.
However, someone as patient as Buffett will focus on the words of Apple CFO Luca Maestri.
“We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” Maestri said. “We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans.”
With more than $51 billion in net cash on its balance sheet, Apple can afford to have a bad quarter or two. That’s why Buffett’s got so much invested in the company.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post The 7 Best Beaten-Down Warren Buffett Stocks to Buy 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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For instance, Apple (NASDAQ:AAPL), the holding company’s largest holding accounting for 39.7% of the equity portfolio, is down 13.4% over the past 52 weeks. BK Bank of New York Mellon $51.78 AAPL Apple $151.92 Paramount Global (PARA) Source: Tada Images / Shutterstock.com Paramount Global (NASDAQ:PARA), Berkshire’s 21st-largest holding, accounts for 0.6% of the portfolio. Apple (AAPL) Source: pio3 / Shutterstock.com I’d be a wealthy man if I had a dollar for every time a story was written about Warren Buffett and Apple.
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BK Bank of New York Mellon $51.78 AAPL Apple $151.92 Paramount Global (PARA) Source: Tada Images / Shutterstock.com Paramount Global (NASDAQ:PARA), Berkshire’s 21st-largest holding, accounts for 0.6% of the portfolio. For instance, Apple (NASDAQ:AAPL), the holding company’s largest holding accounting for 39.7% of the equity portfolio, is down 13.4% over the past 52 weeks. Apple (AAPL) Source: pio3 / Shutterstock.com I’d be a wealthy man if I had a dollar for every time a story was written about Warren Buffett and Apple.
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For instance, Apple (NASDAQ:AAPL), the holding company’s largest holding accounting for 39.7% of the equity portfolio, is down 13.4% over the past 52 weeks. BK Bank of New York Mellon $51.78 AAPL Apple $151.92 Paramount Global (PARA) Source: Tada Images / Shutterstock.com Paramount Global (NASDAQ:PARA), Berkshire’s 21st-largest holding, accounts for 0.6% of the portfolio. Apple (AAPL) Source: pio3 / Shutterstock.com I’d be a wealthy man if I had a dollar for every time a story was written about Warren Buffett and Apple.
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For instance, Apple (NASDAQ:AAPL), the holding company’s largest holding accounting for 39.7% of the equity portfolio, is down 13.4% over the past 52 weeks. BK Bank of New York Mellon $51.78 AAPL Apple $151.92 Paramount Global (PARA) Source: Tada Images / Shutterstock.com Paramount Global (NASDAQ:PARA), Berkshire’s 21st-largest holding, accounts for 0.6% of the portfolio. Apple (AAPL) Source: pio3 / Shutterstock.com I’d be a wealthy man if I had a dollar for every time a story was written about Warren Buffett and Apple.
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17168.0
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2023-02-08 00:00:00 UTC
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Foxconn in talks to invest in India's Karnataka state
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AAPL
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https://www.nasdaq.com/articles/foxconn-in-talks-to-invest-in-indias-karnataka-state
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Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn 2317.TW over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn.
"We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet. "We remain committed to welcome the best companies to the state & reap rewards for our people."
The state's investment promotion arm also tweeted that representatives held a meeting at the company's Taiwan headquarters to discuss the investment, without providing further details.
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O.
(Reporting by Maria Ponnezhath in Bengaluru; Editing by Shailesh Kuber and Anil D'Silva)
((Maria.Ponnezhath@thomsonreuters.com; +91 8061822749;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O. Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn 2317.TW over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. "We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet.
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Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O. Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn 2317.TW over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. "We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet.
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Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O. Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn 2317.TW over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. The state's investment promotion arm also tweeted that representatives held a meeting at the company's Taiwan headquarters to discuss the investment, without providing further details.
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Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc AAPL.O and Amazon.com Inc AMZN.O. "We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet. "We remain committed to welcome the best companies to the state & reap rewards for our people."
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17169.0
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2023-02-08 00:00:00 UTC
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Schibsted, publishers look to EU tech rules to resolve Apple antitrust concerns
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AAPL
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https://www.nasdaq.com/articles/schibsted-publishers-look-to-eu-tech-rules-to-resolve-apple-antitrust-concerns
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By Foo Yun Chee
BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store.
The comments from Schibsted, the largest media group in the Scandinavia region, and the publishers' lobbying group come as the European Commission's Digital Markets Act (DMA) takes effect in May, targeting Big Tech.
Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay.
Apple's App Store practices affect Schibsted because of its market power in Scandinavia where up to 60% of consumers have an iPhone in Norway and Sweden, said Petra Wikstrom, director of Public Policy at Schibsted.
"Apple's App Store policies, such as imposing high fees, taking control of the entire customer relationship, and withholding important user information under the guise of privacy and security, hamper our transition to a subscription-based business model," she told Reuters in an interview.
"Therefore, to put an end to such abusive practices in the digital space and induce positive behavioural change, it is crucial that the DMA is effectively implemented and enforced," Wikstrom said.
The EPC, whose members include chairmen and chief executives of Axel Springer, News UK, Conde Nast, the New York Times and The Guardian, echoed similar concerns.
"Yes, the EPC has the same position and concerns which we have raised directly with the commission too. The DMA is very clear in its obligations and we expect them to be enforced," EPC Executive Director Angela Mills Wade told Reuters.
The commission did not immediately respond to a request for comment. Apple, which would be forced to loosen its App Store rules under the DMA, could not be reached for comment.
The company has previously said that 85% of developers on the App Store do not pay any commission and only apps with more than $1 million in annual revenue pay 30%.
In 2021, to allay Japanese antitrust concerns, it scraped the ban on providing separate links on App Store apps for reader apps which provide content such as e-books, video and music.
(Reporting by Foo Yun Chee; Editing by Mark Porter)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Foo Yun Chee BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store. "Apple's App Store policies, such as imposing high fees, taking control of the entire customer relationship, and withholding important user information under the guise of privacy and security, hamper our transition to a subscription-based business model," she told Reuters in an interview. The EPC, whose members include chairmen and chief executives of Axel Springer, News UK, Conde Nast, the New York Times and The Guardian, echoed similar concerns.
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By Foo Yun Chee BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store. The comments from Schibsted, the largest media group in the Scandinavia region, and the publishers' lobbying group come as the European Commission's Digital Markets Act (DMA) takes effect in May, targeting Big Tech. Apple's App Store practices affect Schibsted because of its market power in Scandinavia where up to 60% of consumers have an iPhone in Norway and Sweden, said Petra Wikstrom, director of Public Policy at Schibsted.
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By Foo Yun Chee BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store. Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay. In 2021, to allay Japanese antitrust concerns, it scraped the ban on providing separate links on App Store apps for reader apps which provide content such as e-books, video and music.
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By Foo Yun Chee BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store. The comments from Schibsted, the largest media group in the Scandinavia region, and the publishers' lobbying group come as the European Commission's Digital Markets Act (DMA) takes effect in May, targeting Big Tech. Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay.
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17170.0
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2023-02-08 00:00:00 UTC
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2 Top Tech Stocks to Buy Right Now
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AAPL
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https://www.nasdaq.com/articles/2-top-tech-stocks-to-buy-right-now-1
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Investors are apparently shrugging off the risk of recession. Not only is the S&P 500 up almost 8% in 2023, but the Nasdaq 100 has gained nearly twice as much, jumping 15% in the first five weeks of the new year. That's a marked turnaround from last year's 33% loss, but you don't have to assume more risk to ride this new wave of enthusiasm for growth.
While much of the growth for the tech-heavy index this year is being helped along by the performance of electric car stocks -- Lucid is up 70%, while Tesla is 54% higher -- the segment could face a rocky future with China dropping subsidies for all-electric cars. But some stocks still have solid futures and are attractively priced.
The following two tech stocks are your best bets to buy in February.
Image source: Getty Images.
Apple
Apple (NASDAQ: AAPL) keeps getting written off by analysts, yet it's riding 18% higher year to date. As the most heavily weighted stock in the Nasdaq 100, it might be having an impact on the index's performance this year, too -- but there's good reason to think it will still be a long-term winner for investors.
The stock was pummeled last year (down 27%) as fears of a slowing economy, inflation, and rising interest rates took a toll on consumer spending. And on the face of it, these fears were right. In its just-reported earnings report, Apple said revenue fell, missing expectations for the first time in six years. iPhone sales faltered and lingering concerns about China's COVID crackdown -- which saw widespread lockdowns in major cities -- impacted market sentiment.
Yet Apple is taking more of its chip design in-house to save money and control, while stating that it plans to be the latest customer of Taiwan Semiconductor Manufacturing (NYSE: TSM) at its new Arizona facilities. That should minimize any supply chain concerns.
Foxconn also reported that its January revenue hit a record $22 billion as operations returned to normal with China easing travel restrictions. Foxconn, of course, is the largest assembler of iPhones for Apple.
The tech giant has 2 billion active devices across all of its products, double what it had seven years ago; it has its enhanced new M2 chip on the market, and services is a growing portion of Apple's business. With the unique set of circumstances last year that hindered production and supply behind it, look for Apple to continue its long-term growth trajectory while continuing to subvert analyst expectations.
Image source: Getty Images.
Honeywell International
Technology conglomerate Honeywell International (NASDAQ: HON) reported earnings the same day as Apple, but its results weren't as well received. Despite beating earnings estimates, it missed on revenue, and its forecast for the coming year was comparatively weak.
The same sort of supply chain issues that held up the iPhone maker impacted Honeywell, which it says "remains a gating factor to volume growth." While that was specific to its aerospace division, it can be applied company wide.
Even so, Honeywell saw organic growth of at least 10% in three of its four operating segments, and both orders and backlog continue to expand. And it's still generating significant free cash flow, to the tune of some $2.1 billion in the fourth quarter.
Honeywell also continues to return value to shareholders through stock buybacks and dividend payments. Last year it repurchased $4.1 billion worth of shares and paid out $2.7 billion in dividends, while also raising its payout for the 13th time in 12 years.
It remains a strong and diversified company with its thumbprint in some of the most important segments of the economy, and is positioning itself for success in a variety of industries.
Honeywell is a top-notch technology growth stock that is a smart pick for your portfolio in February.
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Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple (NASDAQ: AAPL) keeps getting written off by analysts, yet it's riding 18% higher year to date. iPhone sales faltered and lingering concerns about China's COVID crackdown -- which saw widespread lockdowns in major cities -- impacted market sentiment. Yet Apple is taking more of its chip design in-house to save money and control, while stating that it plans to be the latest customer of Taiwan Semiconductor Manufacturing (NYSE: TSM) at its new Arizona facilities.
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Apple Apple (NASDAQ: AAPL) keeps getting written off by analysts, yet it's riding 18% higher year to date. In its just-reported earnings report, Apple said revenue fell, missing expectations for the first time in six years. Honeywell International Technology conglomerate Honeywell International (NASDAQ: HON) reported earnings the same day as Apple, but its results weren't as well received.
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Apple Apple (NASDAQ: AAPL) keeps getting written off by analysts, yet it's riding 18% higher year to date. While much of the growth for the tech-heavy index this year is being helped along by the performance of electric car stocks -- Lucid is up 70%, while Tesla is 54% higher -- the segment could face a rocky future with China dropping subsidies for all-electric cars. Honeywell International Technology conglomerate Honeywell International (NASDAQ: HON) reported earnings the same day as Apple, but its results weren't as well received.
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Apple Apple (NASDAQ: AAPL) keeps getting written off by analysts, yet it's riding 18% higher year to date. While much of the growth for the tech-heavy index this year is being helped along by the performance of electric car stocks -- Lucid is up 70%, while Tesla is 54% higher -- the segment could face a rocky future with China dropping subsidies for all-electric cars. In its just-reported earnings report, Apple said revenue fell, missing expectations for the first time in six years.
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17171.0
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2023-02-08 00:00:00 UTC
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Should Fidelity Nasdaq Composite Index ETF (ONEQ) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-fidelity-nasdaq-composite-index-etf-oneq-be-on-your-investing-radar-5
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Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
The fund is sponsored by Fidelity. It has amassed assets over $4.26 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. Further, growth stocks have a higher level of volatility associated with them. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.21%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.84%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 45% of the portfolio. Consumer Discretionary and Telecom round out the top three.
Looking at individual holdings, Common Stock (AAPL) accounts for about 12.67% of total assets, followed by Common Stock (MSFT) and Common Stock (AMZN).
The top 10 holdings account for about 47.38% of total assets under management.
Performance and Risk
ONEQ seeks to match the performance of the NASDAQ Composite Index before fees and expenses. The NASDAQ Composite TR USD is the market capitalization-weighted index of over 3,300 common equities listed on the Nasdaq stock exchange.
The ETF has gained about 15.91% so far this year and is down about -12.36% in the last one year (as of 02/08/2023). In the past 52-week period, it has traded between $40.02 and $57.05.
The ETF has a beta of 1.12 and standard deviation of 29.11% for the trailing three-year period, making it a medium risk choice in the space. With about 1016 holdings, it effectively diversifies company-specific risk.
Alternatives
Fidelity Nasdaq Composite Index 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, ONEQ is a good 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 $79.19 billion in assets, Invesco QQQ has $164.86 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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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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Looking at individual holdings, Common Stock (AAPL) accounts for about 12.67% of total assets, followed by Common Stock (MSFT) and Common Stock (AMZN). Click to get this free report Fidelity Nasdaq Composite Index ETF (ONEQ): 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. Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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Looking at individual holdings, Common Stock (AAPL) accounts for about 12.67% of total assets, followed by Common Stock (MSFT) and Common Stock (AMZN). Click to get this free report Fidelity Nasdaq Composite Index ETF (ONEQ): 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. Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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Click to get this free report Fidelity Nasdaq Composite Index ETF (ONEQ): 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, Common Stock (AAPL) accounts for about 12.67% of total assets, followed by Common Stock (MSFT) and Common Stock (AMZN). Alternatives Fidelity Nasdaq Composite Index 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, Common Stock (AAPL) accounts for about 12.67% of total assets, followed by Common Stock (MSFT) and Common Stock (AMZN). Click to get this free report Fidelity Nasdaq Composite Index ETF (ONEQ): 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. Launched on 09/25/2003, the Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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17172.0
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2023-02-08 00:00:00 UTC
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Want to Get Richer? 2 Top Stocks to Buy Now and Hold Forever
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AAPL
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https://www.nasdaq.com/articles/want-to-get-richer-2-top-stocks-to-buy-now-and-hold-forever-6
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nan
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nan
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After a year where the Nasdaq-100 Technology Sector index fell 40%, many of the world's most valuable companies started 2023 at a disadvantage. However, the new year has pumped optimism back into Wall Street, with the market showing signs of recovery. The roller coaster ride many stocks have been on over the last year has highlighted the importance of investing in solid companies likely to grow in the long term, negating temporary headwinds.
The tech industry is home to a wealth of growth stocks thanks to consistent development and innovation, making it the perfect place for a long-term investment.
So without further ado, here are two top stocks to buy now and hold forever.
1. Tesla
Throughout 2022, Tesla's (NASDAQ: TSLA) shares plunged 65%, suffering its worst decline in history as macroeconomic headwinds led to supply chain issues and reduced demand. However, the company's stock has skyrocketed since Jan. 1, soaring 58%. The rise is primarily thanks to increased production at Tesla's Shanghai Gigafactory and positive quarterly results.
Despite the swift increase in stock price, Tesla is still down 52% from the all-time high of $409.97 per share it hit in November 2021, presenting a buying opportunity for this growth stock.
Over the last five years, Tesla's stock has risen 729% and over 7,000% in the last decade. The table below shows that its five-year growth is almost unparalleled in the tech world.
Data by YCharts.
However, one of the most compelling reasons to buy and hold Tesla's stock indefinitely is its position in a market that isn't anywhere near hitting its ceiling. Last September, Bloomberg reported that about 25% of U.S. drivers want an electric vehicle (EV), with only about 4% of all vehicles produced in North America fitting the bill as demand is outpacing supply.
Moreover, Tesla held a leading 18.1% market share in EVs in 2022. Meanwhile, in the company's fourth-quarter 2022earnings callon Jan. 25, CEO Elon Musk revealed the car manufacturer is currently "seeing orders at almost twice the rate of production." Considering the EV market's worth was an estimated $208.58 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 23.1% through 2030 (per Precedence Research), Tesla is in an excellent position to profit from that growth.
Tesla has offered investors consistent growth over the long term despite recent headwinds, making it a stellar investment to hold forever.
2. Apple
As another no-brainer growth stock, Apple (NASDAQ: AAPL) is one of those companies that allows you to sit back while your money does the heavy lifting. Since 2018, its stock has risen 278% and 844% since 2013. Alongside impressive stock growth, Apple's revenue has increased by 48% to $394 billion over the last five years, while operating income has soared 68% to $119 billion.
As a result, it's not surprising that Wall Street mogul Warren Buffett has made the iPhone company 40% of Berkshire Hathaway's portfolio after first investing in 2016.
Apple suffered a dismal first quarter of 2023, reporting a 5.5% year-over-year decline in revenue of $117.15 billion, with operating income falling 13% to $36 billion. The slides resulted from production issues in China, which faced a spike in COVID-19 cases and foreign exchange headwinds. However, its quarterly troubles are temporary and inconsequential by holding its stock over the long term.
Moreover, Apple has some exciting developments in the coming years. The company is expected to unveil its first augmented/virtual reality (AR/VR) headset this year. The device will see it venture into the AR market, worth $25 billion in 2021 and expected to grow at a CAGR of 40.9% through 2030, according to Grand View Research. Then from 2024 to 2025, Apple will reportedly shift from outsourcing some of its iPhone components to using in-house versions. The move will end expensive partnerships with other tech companies and increase its profit per iPhone.
Apple remains a must-buy stock thanks to its demonstrated resilience and reliability through economically challenging times and its promising long-term outlook.
Find out why Tesla is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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 January 9, 2023
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Tesla. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple As another no-brainer growth stock, Apple (NASDAQ: AAPL) is one of those companies that allows you to sit back while your money does the heavy lifting. The roller coaster ride many stocks have been on over the last year has highlighted the importance of investing in solid companies likely to grow in the long term, negating temporary headwinds. The tech industry is home to a wealth of growth stocks thanks to consistent development and innovation, making it the perfect place for a long-term investment.
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Apple As another no-brainer growth stock, Apple (NASDAQ: AAPL) is one of those companies that allows you to sit back while your money does the heavy lifting. Tesla has offered investors consistent growth over the long term despite recent headwinds, making it a stellar investment to hold forever. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Tesla.
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Apple As another no-brainer growth stock, Apple (NASDAQ: AAPL) is one of those companies that allows you to sit back while your money does the heavy lifting. Despite the swift increase in stock price, Tesla is still down 52% from the all-time high of $409.97 per share it hit in November 2021, presenting a buying opportunity for this growth stock. Alongside impressive stock growth, Apple's revenue has increased by 48% to $394 billion over the last five years, while operating income has soared 68% to $119 billion.
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Apple As another no-brainer growth stock, Apple (NASDAQ: AAPL) is one of those companies that allows you to sit back while your money does the heavy lifting. Over the last five years, Tesla's stock has risen 729% and over 7,000% in the last decade. Alongside impressive stock growth, Apple's revenue has increased by 48% to $394 billion over the last five years, while operating income has soared 68% to $119 billion.
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17173.0
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2023-02-08 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-5
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nan
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nan
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Launched on 09/09/2010, the Vanguard S&P 500 Growth ETF (VOOG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
The fund is sponsored by Vanguard. It has amassed assets over $6.98 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. Further, growth stocks have a higher level of volatility associated with them. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.10%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.86%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 44.60% 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 gained about 8.49% so far this year and is down about -15.22% in the last one year (as of 02/08/2023). In the past 52-week period, it has traded between $204.56 and $283.23.
The ETF has a beta of 1.05 and standard deviation of 28.59% 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 good 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 $79.19 billion in assets, Invesco QQQ has $164.86 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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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
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Vanguard Growth ETF (VUG): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 13.95% 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 $6.98 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). Costs When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
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Click to get this free report 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). Launched on 09/09/2010, the Vanguard S&P 500 Growth ETF (VOOG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 13.95% 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. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
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17174.0
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2023-02-08 00:00:00 UTC
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Apple Revenue Declines for the First Time Since 2019. Time to Sell?
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AAPL
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https://www.nasdaq.com/articles/apple-revenue-declines-for-the-first-time-since-2019.-time-to-sell
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nan
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nan
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The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. What makes this so significant is that it hasn't reported a quarter where this happened since 2019, making investors ask the obvious question: Is it time to sell Apple stock?
While that might be the first reaction, there are other factors to consider rather than just one data point. Let's see if the stock is worth holding on to now.
A disappointing quarter for iPhones
Since the start of 2023, Apple's stock has been on a tear, up nearly 19%. That only leaves it down 13% since the start of 2022, something few other stocks can claim.
However, after it delivered its report for the first quarter of 2023 (ended Dec. 31), I wouldn't be surprised if this rapid stock rise runs out of steam.
As mentioned above, its revenue declined by 5%, the first drop since 2019, but let's examine which categories caused the slowdown.
CATEGORY FIRST-QUARTER SALES YOY CHANGE
iPhone $65.8 billion (8.1%)
Mac $7.7 billion (28.7%)
iPad $9.4 billion 29.7%
Wearables, home, and accessories $13.5 billion (8.3%)
Services $20.8 billion 6.7%
Source: Apple. YOY = Year over Year.
The real strength in the quarter was its iPad segment, which launched its 10th generation and the new M2 iPad Pro in October 2022, so the first quarter benefited from these new products.
Apple's services division also showed growth with all-time-high revenue. Management indicated this growth came from its App Store subscriptions and from revenue records in its cloud and payment services.
That's enough of the good; let's get to the bad.
Unsurprisingly, the Mac had a tough quarter. No matter where you look, expensive consumer electronics aren't selling well. This sentiment echoed in the wearables, home, and accessories division, although little was discussed about Apple TV+ (which is included in this segment) for the first quarter.
None of the other four divisions together can match what the iPhone generates, which makes the revenue drop concerning. But those fears are diminished when you dig into what happened during the first quarter.
First, Apple had to deal with some fierce currency headwinds, and when you adjust for that, the revenue was actually flat year over year. Second, Apple faced shortages of its new iPhone 14 Pro and 14 Pro Max in November and December, peak holiday buying season.
This revenue decline, coupled with operating expenses rising 12%, affected profit margins, which dropped from 28% in 2021 to 26% this year. Although that's not a significant change, it was enough for Apple to miss earnings-per-share projections by about 11%.
So is this a signal that 2023 won't be a great year for the stock?
Apple's multiple expansion is likely complete
Apple currently trades for about 26 times earnings, which isn't a cheap valuation, let alone for a company whose revenue is slowing. Furthermore, Wall Street analysts project it will increase revenue by only 1.8% in fiscal 2023 and 5.7% in fiscal 2024, which doesn't leave much room for growth.
Much of Apple's stock growth has come from multiple expansion rather than revenue growth over the past decade.
AAPL PE ratio data by YCharts. TTM = trailing 12 months.
While it's true that Apple was undervalued 10 years ago, it is no longer the case. Multiple expansion happens when investors are willing to pay more for a stock from a valuation basis than they previously did. This usually occurs during a business transition or a sentiment change. As the iPhone became the go-to device for many Americans, this multiple expansion was warranted.
The problem with multiple expansion is that it has its limits, and once that ceiling is reached, the stock returns to growth based on revenue and earnings. With Apple's expensive valuation and slowing growth, I think it doesn't have nearly the upside it used to, and investors should think about looking for other growth stocks to take its place.
However, if you're looking for a slow and (mostly) steady grower, Apple can still fill that space in your portfolio.
10 stocks we like better than Apple
When our award-winning 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 January 9, 2023
Keithen Drury has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. AAPL PE ratio data by YCharts. This sentiment echoed in the wearables, home, and accessories division, although little was discussed about Apple TV+ (which is included in this segment) for the first quarter.
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The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. AAPL PE ratio data by YCharts. iPhone $65.8 billion (8.1%) Mac $7.7 billion (28.7%) iPad $9.4 billion 29.7% Wearables, home, and accessories $13.5 billion (8.3%) Services $20.8 billion 6.7% Source: Apple.
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The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. AAPL PE ratio data by YCharts. Apple's multiple expansion is likely complete Apple currently trades for about 26 times earnings, which isn't a cheap valuation, let alone for a company whose revenue is slowing.
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The largest company in the world by market capitalization, Apple (NASDAQ: AAPL), reported a troubling metric during its latest earnings report: declining revenue. AAPL PE ratio data by YCharts. What makes this so significant is that it hasn't reported a quarter where this happened since 2019, making investors ask the obvious question: Is it time to sell Apple stock?
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17175.0
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2023-02-08 00:00:00 UTC
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Is Schwab Fundamental U.S. Large Company Index ETF (FNDX) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-schwab-fundamental-u.s.-large-company-index-etf-fndx-a-strong-etf-right-now-6
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nan
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nan
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Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Large Company Index ETF (FNDX) provides investors broad exposure to the Style Box - Large Cap Value category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor & Index
Managed by Charles Schwab, FNDX has amassed assets over $10.73 billion, making it one of the larger ETFs in the Style Box - Large Cap Value. FNDX, before fees and expenses, seeks to match the performance of the Russell RAFI US Large Co. Index.
The Russell RAFI US Large Company Index measures the performance of the large company size segment by fundamental overall company scores.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Operating expenses on an annual basis are 0.25% for FNDX, making it on par with most peer products in the space.
FNDX's 12-month trailing dividend yield is 1.93%.
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 in the Information Technology sector - about 17.10% of the portfolio. Financials and Healthcare round out the top three.
When you look at individual holdings, Apple Inc (AAPL) accounts for about 3.55% of the fund's total assets, followed by Exxon Mobil Corp (XOM) and Microsoft Corp (MSFT).
Its top 10 holdings account for approximately 19.12% of FNDX's total assets under management.
Performance and Risk
The ETF has added about 7.13% and is up roughly 0.42% so far this year and in the past one year (as of 02/08/2023), respectively. FNDX has traded between $47.76 and $59.62 during this last 52-week period.
The fund has a beta of 1.01 and standard deviation of 25.44% for the trailing three-year period, which makes FNDX a medium risk choice in this particular space. With about 725 holdings, it effectively diversifies company-specific risk.
Alternatives
Schwab Fundamental U.S. Large Company Index ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
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 $53.96 billion in assets, Vanguard Value ETF has $104.94 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.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Schwab Fundamental U.S. Large Company Index ETF (FNDX): 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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When you look at individual holdings, Apple Inc (AAPL) accounts for about 3.55% of the fund's total assets, followed by Exxon Mobil Corp (XOM) and Microsoft Corp (MSFT). Click to get this free report Schwab Fundamental U.S. Large Company Index ETF (FNDX): 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. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting.
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Click to get this free report Schwab Fundamental U.S. Large Company Index ETF (FNDX): 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. When you look at individual holdings, Apple Inc (AAPL) accounts for about 3.55% of the fund's total assets, followed by Exxon Mobil Corp (XOM) and Microsoft Corp (MSFT). Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Large Company Index ETF (FNDX) provides investors broad exposure to the Style Box - Large Cap Value category of the market.
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Click to get this free report Schwab Fundamental U.S. Large Company Index ETF (FNDX): 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. When you look at individual holdings, Apple Inc (AAPL) accounts for about 3.55% of the fund's total assets, followed by Exxon Mobil Corp (XOM) and Microsoft Corp (MSFT). Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Large Company Index ETF (FNDX) provides investors broad exposure to the Style Box - Large Cap Value category of the market.
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When you look at individual holdings, Apple Inc (AAPL) accounts for about 3.55% of the fund's total assets, followed by Exxon Mobil Corp (XOM) and Microsoft Corp (MSFT). Click to get this free report Schwab Fundamental U.S. Large Company Index ETF (FNDX): 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. Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Large Company Index ETF (FNDX) provides investors broad exposure to the Style Box - Large Cap Value category of the market.
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17176.0
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2023-02-08 00:00:00 UTC
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3 Stocks to Add to Your Portfolio in the Event of a Market Downturn
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AAPL
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https://www.nasdaq.com/articles/3-stocks-to-add-to-your-portfolio-in-the-event-of-a-market-downturn-1
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nan
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nan
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The Nasdaq Composite had its best January in more than 20 years this past month, which is a promising sign for investors. The index, primarily made up of technology stocks, was up 10.7% in January, the best return in January since 2001.
It was a bit unexpected as many market watchers predicted that there could be another correction in 2023, due to projections that an economic slowdown, and potentially a recession, is possible, given the rapid rise in interest rates. That prediction may or may not come to pass, but investors should be prepared in case it does.
If the market were to go through another correction or bear market, here are three stocks to consider buying.
1. Apple
Apple (NASDAQ: AAPL) had a bad year in 2022, with its stock price down 26% for the year. But it did outperform the Nasdaq Composite, which fell about 33% in 2022. Part of the problem was just an overall sell-off among tech stocks, as many had become overpriced after a strong run-up in 2020 and 2021.
This year, given the strength of 2021, the quarterly numbers paled in comparison. Sales have been down as consumers faced more difficult economic conditions due to rising inflation and a higher cost of living, as well as higher interest rates. Also, the iPhone suffered from supply chain constraints due to COVID restrictions in China, where most of the phone are made.
But the good news is that Apple's valuation came way down at the end of 2022, with a price-to-earnings ratio of around 20 -- the lowest since the start of the pandemic. After a good January, it has ticked back up to around 25, but it is still a good value at that rate.
But through a difficult past year, Apple increased its market share for the iPhone to over 50% and saw growth in its services business, which includes subscription-based products like Apple TV+. Meanwhile, supply constraints are largely gone. If the market does tank again, you will have an opportunity to buy one of the best companies in the world at an even better bargain price than you can now.
2. Dollar General
You don't have to do a lot of research to see how Dollar General (NYSE: DG) performs in a recession or bear market -- just look to 2022. Last year, the economy shrank, or receded, in the first two quarters -- which some deem a recession. What is not in dispute is the fact that we were in a bear market in 2022 -- defined by the market dropping 20% or more.
But the thing is, through the economic downturn and bear market, Dollar General performed quite well, finishing the year up 4.4%. Since 2010, Dollar General has not had a negative year-end return, finishing in the black every year since it went public in 2009.
With its deep discount prices and strategy of serving underserved areas, like rural locations or urban locales, Dollar General has a history of outperforming its peers during down markets, making it pretty much recession-proof.
The stock is down about 7% year to date, showing again how it tends to the opposite of how the markets move. But if the economy slides into recession and the market drops, Dollar General would be a good bet to surge higher into the headwinds of a downturn.
3. Federated Hermes
Federated Hermes (NYSE: FHI) might not be a stock you're familiar with, but it is one to know, particularly in this market environment.
Federated Hermes is an asset management firm, which might raise some red flags initially because bear markets aren't typically favorable to money managers. But Federated Hermes is one of the largest money market fund managers in the U.S. -- and money market funds make up the bulk of its assets.
As of Dec. 31, 2022, Federated had $447 billion in money market fund assets, which represented 71% of its $669 billion in total assets. It had only $81 billion in equity funds, or 12% of its total assets, while it had $87 billion in fixed income assets, roughly 13%.
With interest rates at their highest level since the Great Recession, this is a great market for money market funds, as the higher the interest rates, the higher the yields they generate for investors. In turn, they become a safe haven for investors.
Federated saw its assets reach a record of about $669 billion in 2022, with revenue up 11% for the year over the previous year. The stock price finished the year flat but is up about 11% this year.
With interest rates continuing to rise and likely to stay elevated for the next few years, Federated Hermes is well positioned to outperform, even if the market tanks again.
All three of these stocks would serve you well in the event of a market downturn -- each for a different reason.
10 stocks we like better than Apple
When our award-winning 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 January 9, 2023
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple (NASDAQ: AAPL) had a bad year in 2022, with its stock price down 26% for the year. It was a bit unexpected as many market watchers predicted that there could be another correction in 2023, due to projections that an economic slowdown, and potentially a recession, is possible, given the rapid rise in interest rates. With its deep discount prices and strategy of serving underserved areas, like rural locations or urban locales, Dollar General has a history of outperforming its peers during down markets, making it pretty much recession-proof.
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Apple Apple (NASDAQ: AAPL) had a bad year in 2022, with its stock price down 26% for the year. But the thing is, through the economic downturn and bear market, Dollar General performed quite well, finishing the year up 4.4%. But Federated Hermes is one of the largest money market fund managers in the U.S. -- and money market funds make up the bulk of its assets.
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Apple Apple (NASDAQ: AAPL) had a bad year in 2022, with its stock price down 26% for the year. If the market were to go through another correction or bear market, here are three stocks to consider buying. With interest rates at their highest level since the Great Recession, this is a great market for money market funds, as the higher the interest rates, the higher the yields they generate for investors.
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Apple Apple (NASDAQ: AAPL) had a bad year in 2022, with its stock price down 26% for the year. If the market were to go through another correction or bear market, here are three stocks to consider buying. But if the economy slides into recession and the market drops, Dollar General would be a good bet to surge higher into the headwinds of a downturn.
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17177.0
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2023-02-08 00:00:00 UTC
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Why Apple, Microsoft, and Warner Bros. Discovery Stocks are No-Brainer Buys Right Now
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AAPL
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https://www.nasdaq.com/articles/why-apple-microsoft-and-warner-bros.-discovery-stocks-are-no-brainer-buys-right-now
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nan
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nan
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This earnings season, multiple companies have reported quarters burdened by economic headwinds, low consumer demand, and foreign exchange challenges. But these temporary obstacles present a buying opportunity for stocks with excellent long-term outlooks.
Market declines over the last year highlight the importance of investing in stocks that will likely soar over five-plus years. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. Discovery (NASDAQ: WBD) had to contend with a variety of challenges over the last year, but remain no-brainer buys. Here's why.
1. Apple
On Feb. 2, Apple posted its first-quarter 2023 earnings, reporting its first year-over-year sales decline since 2019. Revenue in the quarter fell 5.5% year over year to $117.15 billion, while operating income tumbled 13% to $36 billion.
The declines were primarily due to production issues in China at the factory that manufactures about 70% of all iPhones, as well as currency fluctuations resulting in an unusually strong dollar.
Despite pitfalls in product segments, Apple's services business continued to grow, with revenue rising 6.4% year over year to an all-time high of $20.76 billion. The subscription-based business once again offered attractive profit margins, reporting 70.8% compared to the product segment's 37% profit margins.
Apple clearly stumbled in its latest quarter. But its stock is up 276% in the last five years and 830% in the last decade. Meanwhile, its annual revenue climbed 48% to $394.3 billion since 2018, and operating income increased 68% to $119.4 billion. As a result, holding Apple shares over many years can mitigate short-term headwinds and provide consistent gains.
Moreover, the company has some exciting developments ahead, such as reducing its dependency on other tech companies for iPhone components and a reported venture into augmented/virtual reality with a new headset this year. Apple looks to have a fruitful long-term future, making it a no-brainer buy this February.
2. Microsoft
Microsoft's Q2 of 2023 earnings report showed a 2% year-over-year rise in revenue of $52.7 billion and an 8% decline in operating income to $20.4 billion. The company continued to suffer from the declining PC market, with revenue in its more-personal computing segment falling 19% year over year to $14.2 billion.
But Microsoft's stock is an obvious buy, thanks to its leading position in multiple lucrative industries that will likely have consistent long-term growth. For instance, the company's cloud computing service Azure boosted revenue in its intelligent cloud segment by 18% to $21.5 billion in the second quarter of 2023.
While growth slowed after the segment reported a 20% increase in the first quarter of 2023, Microsoft has big plans to further develop Azure and boost profits well into the future.
Last November, CEO Satya Nadella said Microsoft would be building data centers in 11 new regions, with the company especially bullish about Asia. The goal is to grow its market share in cloud computing, an industry worth $368.97 billion in 2021 with an expected compound annual growth rate of 15.7% through 2030, according to Grand View Research.
Microsoft also is expanding its position in the booming artificial intelligence (AI) segment with its investment in tech start-up OpenAI -- which further strengthens the stock as a must-buy for the long haul.
3. Warner Bros. Discovery
After a year where Warner Bros. stock plunged over 62%, its shares have skyrocketed since Jan. 1. The entertainment company's stock increased 68% year to date as investors grew optimistic about its 2023 prospects. But it's still far from its previous ceiling, with shares down 42% year over year.
As the home of film/TV franchises such as Harry Potter, Game of Thrones, DC superheroes, and The Lord of the Rings, the company should seemingly be flourishing. However, a pricy merger and restructuring costs in 2022 hurt earnings.
Despite the challenging year, the outlook over the next five to 10 years is promising, making now a perfect time to buy. Warner Bros. Discovery says this year will be focused on "relaunching and building" following the content slashes that defined its business in 2022.
In the coming months, the company plans to unveil its newly merged HBO Max and Discovery+ streaming service and release multiple blockbusters such as DC's sequel to Shazam!, Dune: Part Two, and Aquaman and The Lost Kingdom.
And on Feb. 10, Warner Bros.will launch the highly anticipated Harry Potter-themed video game Hogwarts Legacy across consoles and PC. After two delays due to COVID-19, the game will likely provide a nice boost to revenue.
Warner Bros. Discovery had a troubling first year of business. But its average 12-month price target of $21.21 offers 32.6% growth. Add to that a promising long-term outlook, and stock looks like a no-brainer buy.
10 stocks we like better than Apple
When our award-winning 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 January 9, 2023
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Warner Bros. Discovery. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. The goal is to grow its market share in cloud computing, an industry worth $368.97 billion in 2021 with an expected compound annual growth rate of 15.7% through 2030, according to Grand View Research. Microsoft also is expanding its position in the booming artificial intelligence (AI) segment with its investment in tech start-up OpenAI -- which further strengthens the stock as a must-buy for the long haul.
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Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. Despite pitfalls in product segments, Apple's services business continued to grow, with revenue rising 6.4% year over year to an all-time high of $20.76 billion. Microsoft Microsoft's Q2 of 2023 earnings report showed a 2% year-over-year rise in revenue of $52.7 billion and an 8% decline in operating income to $20.4 billion.
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Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. Revenue in the quarter fell 5.5% year over year to $117.15 billion, while operating income tumbled 13% to $36 billion. Despite pitfalls in product segments, Apple's services business continued to grow, with revenue rising 6.4% year over year to an all-time high of $20.76 billion.
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Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Warner Bros. But its stock is up 276% in the last five years and 830% in the last decade. Discovery After a year where Warner Bros. stock plunged over 62%, its shares have skyrocketed since Jan. 1.
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17178.0
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2023-02-08 00:00:00 UTC
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Better Buy: Tesla vs. Apple
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AAPL
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https://www.nasdaq.com/articles/better-buy%3A-tesla-vs.-apple-0
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nan
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nan
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Consumer-facing stocks were battered in 2022 as rising inflation reduced demand for many companies. However, investors seem to be increasingly optimistic in the new year, with the Nasdaq Composite index up almost 15% year to date. With the market showing signs of recovery, now might be a great time to invest in solid growth stocks.
Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) posted immense growth over the last five years, with the companies' leading market shares in their respective industries likely to boost their stocks over the long term. As a result, both of these stocks make compelling investments.
So is Tesla or Apple stock the better buy? Let's find out.
Tesla
Tesla investors have been on a rollercoaster over the last couple of years, with the company's stock plunging 65% throughout 2022 and soaring 54% since Jan. 1. The recent rise is primarily thanks to Tesla ramping up production in China and a promising quarterly report.
In the fourth quarter of 2022, revenue rose 37% year over year to $24.3 billion, while operating income increased 49% to hit $3.9 billion. In its fiscal 2022, the automotive company produced 1.36 million vehicles (+47% year-over-year) and delivered 1.31 million vehicles (+40% Y/Y).
Despite a promising quarter, Tesla is a tricky potential investment, as arguments can easily be made to both buy and avoid its stock. On the one hand, the car manufacturer holds a leading 18.1% market share in fully electric vehicles. And according to data from Reuters, its average net profit per vehicle is unrivaled, as seen in the chart below.
COMPANY NET PROFIT PER CAR (Q3 2022)
Tesla $9,574
GM $2,150
BYD $1,550
Toyota $1,197
VW $973
Hyundai $927
Ford -$762
Xpeng -$11,735
Nio -$19,141
Data source: Reuters
However, EV competition has soared in recent years, with many well-established automotive brands adding electric vehicles to their lineups. And when it comes to an edge on self-driving technology, Tesla seems to be falling behind, as Mercedes became the first company to offer level-three self-driving in January.
Tesla likely has a fruitful future over the long term, with its most recent quarter a promising sign. However, its success will largely depend on whether or not it can keep its lead while staving off the increasing competition.
Apple
As growth stocks go, Apple is one of the most reliable and consistent options. Even in 2022, when the Nasdaq Composite index fell 33%, the iPhone company managed to avoid the worst of the market's declines, as is evident in the chart below.
Data by YCharts
Similarly, Apple's year-to-date stock growth of about 19%, compared to Tesla's 54%, illustrates the low volatility of its shares.
The tech giant had a rocky Q1 2023, reporting a 5.5% year-over-year decline in revenue of $117.15 billion, with operating income falling 13% to $36 billion. The losses mainly stemmed from production headwinds in China and foreign exchange fluctuations, which resulted in an overpowered U.S. dollar. However, its quarterly troubles should be temporary and insignificant over the long term.
Over the past five years Apple's stock has risen about 295%, and 845% over the last decade. Alongside impressive stock growth, the company's revenue increased by 48% to $394 billion since 2018, while operating income soared 68% to $119 billion.
Along with long-term consistency, one of the biggest selling points for Apple's stock is its almost unparalleled brand loyalty, which has led it to dominate nearly any new market it enters, from smartphones to tablets to smartwatches, and even Bluetooth headphones.
Recent reports revealed the company will likely enter the virtual/augmented reality markets this year with the launch of a new headset, meaning Apple could soon be the leader of another quickly expanding industry.
Comparing forward price-to-earnings ratios, Apple's 21.54 makes its current stock price a better value than Tesla's 30.80. While Tesla likely has a long future ahead, Apple's wide range of products and plans to further diversify its lineup this year make its stock the more reliable and better buy.
Find out why Tesla is one of the 10 best stocks to buy now
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*Stock Advisor returns as of January 9, 2023
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, BYD, Nio, Tesla, and Volkswagen Ag. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) posted immense growth over the last five years, with the companies' leading market shares in their respective industries likely to boost their stocks over the long term. Hyundai $927 Ford -$762 Xpeng -$11,735 Nio -$19,141 Data source: Reuters However, EV competition has soared in recent years, with many well-established automotive brands adding electric vehicles to their lineups. Along with long-term consistency, one of the biggest selling points for Apple's stock is its almost unparalleled brand loyalty, which has led it to dominate nearly any new market it enters, from smartphones to tablets to smartwatches, and even Bluetooth headphones.
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Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) posted immense growth over the last five years, with the companies' leading market shares in their respective industries likely to boost their stocks over the long term. Hyundai $927 Ford -$762 Xpeng -$11,735 Nio -$19,141 Data source: Reuters However, EV competition has soared in recent years, with many well-established automotive brands adding electric vehicles to their lineups. Alongside impressive stock growth, the company's revenue increased by 48% to $394 billion since 2018, while operating income soared 68% to $119 billion.
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Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) posted immense growth over the last five years, with the companies' leading market shares in their respective industries likely to boost their stocks over the long term. Tesla Tesla investors have been on a rollercoaster over the last couple of years, with the company's stock plunging 65% throughout 2022 and soaring 54% since Jan. 1. While Tesla likely has a long future ahead, Apple's wide range of products and plans to further diversify its lineup this year make its stock the more reliable and better buy.
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Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) posted immense growth over the last five years, with the companies' leading market shares in their respective industries likely to boost their stocks over the long term. So is Tesla or Apple stock the better buy? Tesla $9,574
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17179.0
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2023-02-07 00:00:00 UTC
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Looking for Turnaround Plays? 5 EPS Reports to Watch this Week
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AAPL
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https://www.nasdaq.com/articles/looking-for-turnaround-plays-5-eps-reports-to-watch-this-week
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nan
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nan
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Though last week showcased earnings from mega tech giants such as Apple AAPL, Meta Platforms META, and Alphabet GOOGL, Wall Street is still in the heart of earnings season. Below we will discuss 5 key earnings reports to monitor this week:
Tuesday, February 7th After the Market Close:
Enphase Energy (ENPH) is a global solar technology company that delivers energy management technology to the solar industry. Over the past two quarters, Enphase has delivered robust triple-digit EPS growth of 108% and 102% on revenue growth of 81% and 68%. Despite the impressive fundamental backdrop, shares of ENPH have underperformed its solar peers such as First Solar FSLR.
Image Source: Zacks Investment Research
One potential reason that ENPH’s consensus analyst estimates for 2023 have dropped in recent weeks.
Image Source: Zacks Investment Research
The stock has also gone from having a best possible Zacks ranking of 1 to having a mediocre ranking of 3. ENPH also has a negative Expected Surprise Prediction (ESP) number suggesting that shares are likely to underperform on earnings. Investors should watch to see if the company can defy analyst expectations and continue to deliver strong results.
Chipotle Mexican Grill CMG is an early entrant and leader in the “fast-casual” food space due to its popular Mexican food chain and burritos. The company gained popularity due to its low-cost yet healthy food offering. Chipotle only uses hormone-free pork and natural chicken ingredients, which are cooked through traditional methods. Though the stock has had a difficult couple of years, elevated inflation may be working in the company’s favor. While most prominent tech companies are laying off thousands of employees, CMG is bucking that trend. Recently, the burrito giant announced that it is looking to hire 15,000 new employees.
Wednesday, February 8th Before the Market Open:
Uber Technologies UBER is the largest ride-sharing company in the world. Despite its massive market cap and name recognition, Uber has yet to turn an annual profit as a public company. Uber and its most significant competitor Lyft LYFT have underperformed the S&P 500 since debuting but have tried to turn the corner in recent weeks. Each is up six straight weeks into their earnings reports this week (LYFT is expected to report Thursday after the close)
Image Source: Zacks Investment Research
Lyft is likely to move in sympathy with Uber’s Wednesday report. However, presently Lyft is a more robust stock from a fundamental lens. Lyft has a strong Zacks rank of 2, and a positive Earnings Expected Price Surprise (ESP).
Image Source: Zacks Investment Research
Wednesday, February 8th After the Market Close:
Robinhood Markets HOOD is a registered broker-dealer and one of the most popular online brokers for online traders. Robinhood shares quickly doubled after debuting in September 202. However, they have careened lower since that time.
Image Source: Zacks Investment Research
The question investors want to be answered is, “was Robinhood’s early success due to an unusual market environment, or can it be sustained?”. When Robinhood debuted, the market was flooded with retail investors who were stuck at home during the pandemic. After the recent, bear market on Wall Street, interest has clearly cooled off. Now as stocks rally back, Robinhood’s earnings should be telling.
Another concern for investors is the investment by now-bankrupt crypto firm FTX. Early last month, the Department of Justice (DOJ) seized more than 50 million shares of HOOD that FTX owned. The stock has been surprisingly resilient since the announcement, but investors should learn more in Wednesday’s earnings conference call.
Thursday, February 9th After the Market Close:
Cloudflare Inc NET is an enterprise software provider focusing on software for firewall, routing, and traffic optimization. Last cycle, the stock was an unquestionable market leader. Shares saw a meteoric rise from mid-teens in 2019 to more than $200 a share in late 2021 before topping. In its latest reported quarter, the company reported EPS growth of 500% on revenue growth of 47%. Since inception, the 200-day moving average has been a good barometer from a technical standpoint. The stock was above it through its entire multi-year run, and when the stock undercut the 200-day moving average in early 2022, it marked the beginning of the end. Now, shares have regained the 200-day once again. Investors will watch to see if the stock can produce a turnaround play.
Image Source: Zacks Investment Research
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
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Apple Inc. (AAPL) : Free Stock Analysis Report
First Solar, Inc. (FSLR) : Free Stock Analysis Report
Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Lyft, Inc. (LYFT) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
Cloudflare, Inc. (NET) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD) : 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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Though last week showcased earnings from mega tech giants such as Apple AAPL, Meta Platforms META, and Alphabet GOOGL, Wall Street is still in the heart of earnings season. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report First Solar, Inc. (FSLR) : Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research One potential reason that ENPH’s consensus analyst estimates for 2023 have dropped in recent weeks.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report First Solar, Inc. (FSLR) : Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Though last week showcased earnings from mega tech giants such as Apple AAPL, Meta Platforms META, and Alphabet GOOGL, Wall Street is still in the heart of earnings season. Below we will discuss 5 key earnings reports to monitor this week: Tuesday, February 7th After the Market Close: Enphase Energy (ENPH) is a global solar technology company that delivers energy management technology to the solar industry.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report First Solar, Inc. (FSLR) : Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Though last week showcased earnings from mega tech giants such as Apple AAPL, Meta Platforms META, and Alphabet GOOGL, Wall Street is still in the heart of earnings season. Below we will discuss 5 key earnings reports to monitor this week: Tuesday, February 7th After the Market Close: Enphase Energy (ENPH) is a global solar technology company that delivers energy management technology to the solar industry.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report First Solar, Inc. (FSLR) : Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Though last week showcased earnings from mega tech giants such as Apple AAPL, Meta Platforms META, and Alphabet GOOGL, Wall Street is still in the heart of earnings season. Each is up six straight weeks into their earnings reports this week (LYFT is expected to report Thursday after the close)
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17180.0
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2023-02-07 00:00:00 UTC
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Apple's Stock Is Resilient, but Business Is Not Immune to Macro Headwinds
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AAPL
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https://www.nasdaq.com/articles/apples-stock-is-resilient-but-business-is-not-immune-to-macro-headwinds
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nan
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nan
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Apple's (NASDAQ: AAPL) stock responded well to the fall in revenue. Still, the decrease in top-line growth proves the company is not immune to the macro economy.
*Stock prices used were the afternoon prices of Feb. 4, 2023. The video was published on Feb. 6, 2023.
10 stocks we like better than Apple
When our award-winning 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 January 9, 2023
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. 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's (NASDAQ: AAPL) stock responded well to the fall in revenue. Still, the decrease in top-line growth proves the company is not immune to the macro economy. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Apple's (NASDAQ: AAPL) stock responded well to the fall in revenue. 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 Apple.
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Apple's (NASDAQ: AAPL) stock responded well to the fall in revenue. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Parkev Tatevosian, CFA has positions in Apple.
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Apple's (NASDAQ: AAPL) stock responded well to the fall in revenue. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple.
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17181.0
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2023-02-07 00:00:00 UTC
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Why Criteo Stock Zoomed Nearly 8% Higher on Tuesday
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AAPL
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https://www.nasdaq.com/articles/why-criteo-stock-zoomed-nearly-8-higher-on-tuesday
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nan
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nan
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What happened
Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. Following a media report that the company is attempting to put itself up for sale, its shares rose by 7.8%, a far better showing than the 1.3% gain of the S&P 500 index.
So what
The speculation comes from a Reuters article, which cited unnamed "people familiar with the matter" as claiming that Criteo is looking to put itself on the block.
According to the article's sources, Criteo has hired investment bank Evercore to advise it on a sale. The process itself began last week. The company intends to attract entities such as other businesses and private equity firms as potential suitors.
Criteo declined to comment on the Reuters article. Evercore has also stayed mum so far.
The online advertising company hasn't done badly over the years, and has typically been profitable. However, in the wake of the user privacy improvements enacted recently by tech giants such as Apple and Alphabet, it has become more difficult for third parties to track consumers' data and online activities for ad-targeting purposes.
Now what
Nevertheless, cutting-edge ad tech companies are still very much in vogue, as the potential market is vast and advertisers want every advantage they can get. It's possible, then, that Criteo will fetch a decent premium when and if it draws a suitor or several.
Investors should be cautious here, though, as the company's sale attempt is only an unconfirmed rumor at the moment. Even if it turns out to be true, Criteo might not attract a buyer, or one willing to pay a comfortable price for it.
10 stocks we like better than Criteo
When our award-winning 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 Criteo 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 January 9, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Eric Volkman has positions in Apple. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool recommends Criteo and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. So what The speculation comes from a Reuters article, which cited unnamed "people familiar with the matter" as claiming that Criteo is looking to put itself on the block. However, in the wake of the user privacy improvements enacted recently by tech giants such as Apple and Alphabet, it has become more difficult for third parties to track consumers' data and online activities for ad-targeting purposes.
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What happened Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool recommends Criteo and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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What happened Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. The Motley Fool recommends Criteo and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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Now what Nevertheless, cutting-edge ad tech companies are still very much in vogue, as the potential market is vast and advertisers want every advantage they can get. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Criteo wasn't one of them! The Motley Fool has positions in and recommends Alphabet and Apple.
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17182.0
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2023-02-07 00:00:00 UTC
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EXCLUSIVE-French adtech firm Criteo in new bid to sell itself -sources
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AAPL
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https://www.nasdaq.com/articles/exclusive-french-adtech-firm-criteo-in-new-bid-to-sell-itself-sources-0
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nan
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nan
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By Milana Vinn
NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter.
The Paris-based company, which is listed in New York, kicked off a sale process last week that could attract other companies and private equity firms, one of the sources said. Investment bank Evercore Inc EVR.N is advising Criteo on the process, the sources added.
Bloomberg News reported in 2021 that Criteo was fielding takeover interest. It was not immediately clear what prompted the new deal talks. The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices.
The sources, who cautioned that no deal is certain, requested anonymity as these discussions are confidential.
Criteo declined to comment, while an Evercore spokesperson did not immediately respond to a request for comment.
Criteo shares jumped on the news and were up 8% at $33.65 in New York on Tuesday, giving the company a market value of about $2 billion.
The sale process for Criteo will likely pique the interest of buyout firms that have shown strong interest in audience measurement and analytics companies. In October, Elliott Investment Management's private equity arm and Brookfield Business Partners LP BBU.N acquired Nielsen Holdings Plc for $16 billion.
Truist analyst Matthew Thornton wrote in a note to clients after the Reuters report that his analysis indicated Criteo could fetch more than $60 per share if it was acquired at the same valuation multiple as Nielsen.
Criteo collects data through partnerships with companies, ad agencies and brands, and earns money by charging advertisers when consumers click on personalized ads.
It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
These tactics face new challenges as Google prepares to phase out cookies on its popular web browser Chrome as early as next year. In response, Criteo has been investing in its fast-growing retail media business, which involves partnering directly with the websites of retailers.
Criteo has reported adjusted earnings before interest, taxes, depreciation and amortization of $163 million for the first nine months of 2022, down 23% from a year earlier. It is scheduled to report fourth-quarter earnings on Wednesday.
(Reporting by Milana Vinn in New York; editing by Jonathan Oatis and Nick Zieminski)
((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 company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. The sale process for Criteo will likely pique the interest of buyout firms that have shown strong interest in audience measurement and analytics companies.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. The Paris-based company, which is listed in New York, kicked off a sale process last week that could attract other companies and private equity firms, one of the sources said. Investment bank Evercore Inc EVR.N is advising Criteo on the process, the sources added.
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17183.0
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2023-02-07 00:00:00 UTC
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BlackRock Increases Position in Apple (AAPL)
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AAPL
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https://www.nasdaq.com/articles/blackrock-increases-position-in-apple-aapl
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nan
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nan
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Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1,029.18MM shares of Apple Inc (AAPL). This represents 6.5% of the company.
In their previous filing dated February 1, 2022 they reported 1,019.81MM shares and 6.20% of the company, an increase in shares of 0.92% and an increase in total ownership of 0.30% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 16.07% Upside
As of February 7, 2023, the average one-year price target for Apple is $176.12. The forecasts range from a low of $123.22 to a high of $224.70. The average price target represents an increase of 16.07% from its latest reported closing price of $151.73.
The projected annual revenue for Apple is $413,641MM, an increase of 6.74%. The projected annual EPS is $6.36, an increase of 7.61%.
For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia.
Fund Sentiment
There are 6238 funds or institutions reporting positions in Apple. This is an increase of 99 owner(s) or 1.61%.
Average portfolio weight of all funds dedicated to US:AAPL is 3.6817%, a decrease of 4.0782%. Total shares owned by institutions increased in the last three months by 0.65% to 10,118,729K shares.
What are large shareholders doing?
Berkshire Hathaway holds 894,802,319 shares representing 5.66% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 455,109,365 shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 452,796,750 shares, representing an increase of 0.51%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 342,453,760 shares representing 2.16% ownership of the company. In it's prior filing, the firm reported owning 340,333,473 shares, representing an increase of 0.62%. The firm increased its portfolio allocation in AAPL by 5.18% over the last quarter.
Geode Capital Management holds 279,758,518 shares representing 1.77% ownership of the company. In it's prior filing, the firm reported owning 278,256,192 shares, representing an increase of 0.54%. The firm increased its portfolio allocation in AAPL by 5.31% over the last quarter.
Price T Rowe Associates holds 224,863,541 shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 237,910,783 shares, representing a decrease of 5.80%. The firm increased its portfolio allocation in AAPL by 24.45% over the last quarter.
Apple Background Information
(This description is provided by the company.)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five companies in the U.S. information technology industry, along with Amazon, Google, Microsoft, and Facebook. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds, the AirPods Max headphones, and the HomePod smart speaker line. Apple's software includes iOS, iPadOS, macOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro X, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Arcade, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple I and Apple II, grew quickly.
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 BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1,029.18MM shares of Apple Inc (AAPL). Average portfolio weight of all funds dedicated to US:AAPL is 3.6817%, a decrease of 4.0782%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter.
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Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1,029.18MM shares of Apple Inc (AAPL). Average portfolio weight of all funds dedicated to US:AAPL is 3.6817%, a decrease of 4.0782%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter.
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Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1,029.18MM shares of Apple Inc (AAPL). Average portfolio weight of all funds dedicated to US:AAPL is 3.6817%, a decrease of 4.0782%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter.
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Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1,029.18MM shares of Apple Inc (AAPL). Average portfolio weight of all funds dedicated to US:AAPL is 3.6817%, a decrease of 4.0782%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter.
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17184.0
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2023-02-07 00:00:00 UTC
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Notable Tuesday Option Activity: COST, ENPH, AAPL
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AAPL
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-cost-enph-aapl
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Costco Wholesale Corp (Symbol: COST), where a total of 15,310 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 81.6% of COST's average daily trading volume over the past month of 1.9 million shares. Particularly high volume was seen for the $520 strike call option expiring February 10, 2023, with 634 contracts trading so far today, representing approximately 63,400 underlying shares of COST. Below is a chart showing COST's trailing twelve month trading history, with the $520 strike highlighted in orange:
Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 34,705 contracts, representing approximately 3.5 million underlying shares or approximately 77.7% of ENPH's average daily trading volume over the past month, of 4.5 million shares. Especially high volume was seen for the $275 strike call option expiring February 10, 2023, with 1,738 contracts trading so far today, representing approximately 173,800 underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $275 strike highlighted in orange:
And Apple Inc (Symbol: AAPL) saw options trading volume of 571,833 contracts, representing approximately 57.2 million underlying shares or approximately 76.6% of AAPL's average daily trading volume over the past month, of 74.7 million shares. Particularly high volume was seen for the $155 strike call option expiring February 10, 2023, with 70,770 contracts trading so far today, representing approximately 7.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $155 strike highlighted in orange:
For the various different available expirations for COST options, ENPH options, or AAPL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Dividends
TMSR Videos
KNSW market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $155 strike call option expiring February 10, 2023, with 70,770 contracts trading so far today, representing approximately 7.1 million underlying shares of AAPL. Below is a chart showing ENPH's trailing twelve month trading history, with the $275 strike highlighted in orange: And Apple Inc (Symbol: AAPL) saw options trading volume of 571,833 contracts, representing approximately 57.2 million underlying shares or approximately 76.6% of AAPL's average daily trading volume over the past month, of 74.7 million shares. Below is a chart showing AAPL's trailing twelve month trading history, with the $155 strike highlighted in orange: For the various different available expirations for COST options, ENPH options, or AAPL options, visit StockOptionsChannel.com.
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Below is a chart showing ENPH's trailing twelve month trading history, with the $275 strike highlighted in orange: And Apple Inc (Symbol: AAPL) saw options trading volume of 571,833 contracts, representing approximately 57.2 million underlying shares or approximately 76.6% of AAPL's average daily trading volume over the past month, of 74.7 million shares. Particularly high volume was seen for the $155 strike call option expiring February 10, 2023, with 70,770 contracts trading so far today, representing approximately 7.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $155 strike highlighted in orange: For the various different available expirations for COST options, ENPH options, or AAPL options, visit StockOptionsChannel.com.
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Below is a chart showing ENPH's trailing twelve month trading history, with the $275 strike highlighted in orange: And Apple Inc (Symbol: AAPL) saw options trading volume of 571,833 contracts, representing approximately 57.2 million underlying shares or approximately 76.6% of AAPL's average daily trading volume over the past month, of 74.7 million shares. Particularly high volume was seen for the $155 strike call option expiring February 10, 2023, with 70,770 contracts trading so far today, representing approximately 7.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $155 strike highlighted in orange: For the various different available expirations for COST options, ENPH options, or AAPL options, visit StockOptionsChannel.com.
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Below is a chart showing ENPH's trailing twelve month trading history, with the $275 strike highlighted in orange: And Apple Inc (Symbol: AAPL) saw options trading volume of 571,833 contracts, representing approximately 57.2 million underlying shares or approximately 76.6% of AAPL's average daily trading volume over the past month, of 74.7 million shares. Particularly high volume was seen for the $155 strike call option expiring February 10, 2023, with 70,770 contracts trading so far today, representing approximately 7.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $155 strike highlighted in orange: For the various different available expirations for COST options, ENPH options, or AAPL options, visit StockOptionsChannel.com.
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17185.0
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2023-02-07 00:00:00 UTC
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ETF Asset Report of Last Week: Value Tops
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AAPL
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https://www.nasdaq.com/articles/etf-asset-report-of-last-week%3A-value-tops
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nan
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nan
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Wall Street delivered a mixed performance last week with the S&P 500 (up 1.6%), the Nasdaq Composite (up 3.31%) and the Russell 2000 (up 3.88%) returning positively and the Dow Jones (down 0.15%) losing a little.
The Fed hiked its benchmark interest rate by 25 bps and gave an indication that more rate hikes are in the cards as inflation remains high. However, as inflation is showing signs of cooling, future rate hikes are likely to be smaller in magnitude. The latest hike takes rates to a target range of 4.5%-4.75%, the highest since October 2007. The move also marked the eighth increase in rates since March 2022.
The last week was also marked with key tech earnings. While Apple Inc. AAPL and Amazon (AMZN) underperformed, Facebook’s parent company Meta Platforms (META) outperformed. In terms of economic data points, ISM manufacturing data came in weaker.
Meanwhile, jobs data came in at upbeat. The United States economy added 517,000 jobs in January of 2023, beating market expectations of 187,000 and December’s gain of 260,000. The unemployment rate in the United States inched lower to 3.4% in January 2023, the lowest level since May 1969 and below market expectations of 3.6%. The labor force participation rate edged higher to 62.4% (read: 5 Sector ETFs That Show Promise After Superb January Jobs Data).
Against this backdrop, below we highlight ETF asset report of the past week.
Value ETFs Win
Vanguard Value ETF VTV amassed about $2.73 billion last week. Value stocks perform better in a rising rate environment which we have been witnessing currently. With economic data points coming in upbeat, chances of a more hawkish Fed in the coming days rose. This has favored value ETF investing.
Large-Cap Equity ETFs Gain
BNY Mellon US Large Cap Core Equity ETF BKLC and Invesco QQQ Trust QQQ hauled in about $1.23 billion and $1.15 billion, respectively last week. As risk-on sentiments bounced back in recent weeks and international equities outperforming U.S. stocks, large-cap equity stocks and ETFs that have considerable international exposure regained their mojo.
Financial ETFs Top
Financial Select Sector SPDR Fund XLF attracted about $1.20 billion last week. The benchmark U.S. treasury yield started the week at 3.55% and ended the week at 3.53%. Three-month U.S. treasury yield started the week at 4.72% and ended the week at 4.70%. This has steepened the yield curve a bit. A less hawkish Fed has resulted in this trend. This is a winning scenario of bank stocks as a steepening yield curve increases banks’ net interest margin.
High-Yield Bonds In Favor
iShares iBoxx USD High Yield Corporate Bond ETF HYG fetched about $859.6 million in assets. Policy tightening in the United States has so far been so aggressive that bonds are offering attractive yields. Upbeat jobs data also fanned possibilities of steeper Fed rate hikes.
Energy ETFs Lost
Energy Select Sector SPDR Fund XLE saw about $722.3 million in assets gushing out of the fund. Oil and gas prices were under pressure following a set of bearish news coming out of the United States last week. hurt by a much smaller-than-usual inventory draw and forecasts of warmer weather remaining through the United States till mid-February caused natural gas prices to fall.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
iShares iBoxx $ High Yield Corporate Bond ETF (HYG): ETF Research Reports
Energy Select Sector SPDR ETF (XLE): ETF Research Reports
Financial Select Sector SPDR ETF (XLF): ETF Research Reports
Vanguard Value ETF (VTV): ETF Research Reports
BNY Mellon US Large Cap Core Equity ETF (BKLC): 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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While Apple Inc. AAPL and Amazon (AMZN) underperformed, Facebook’s parent company Meta Platforms (META) outperformed. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports iShares iBoxx $ High Yield Corporate Bond ETF (HYG): ETF Research Reports Energy Select Sector SPDR ETF (XLE): ETF Research Reports Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard Value ETF (VTV): ETF Research Reports BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports To read this article on Zacks.com click here. Wall Street delivered a mixed performance last week with the S&P 500 (up 1.6%), the Nasdaq Composite (up 3.31%) and the Russell 2000 (up 3.88%) returning positively and the Dow Jones (down 0.15%) losing a little.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports iShares iBoxx $ High Yield Corporate Bond ETF (HYG): ETF Research Reports Energy Select Sector SPDR ETF (XLE): ETF Research Reports Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard Value ETF (VTV): ETF Research Reports BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports To read this article on Zacks.com click here. While Apple Inc. AAPL and Amazon (AMZN) underperformed, Facebook’s parent company Meta Platforms (META) outperformed. Large-Cap Equity ETFs Gain BNY Mellon US Large Cap Core Equity ETF BKLC and Invesco QQQ Trust QQQ hauled in about $1.23 billion and $1.15 billion, respectively last week.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports iShares iBoxx $ High Yield Corporate Bond ETF (HYG): ETF Research Reports Energy Select Sector SPDR ETF (XLE): ETF Research Reports Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard Value ETF (VTV): ETF Research Reports BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports To read this article on Zacks.com click here. While Apple Inc. AAPL and Amazon (AMZN) underperformed, Facebook’s parent company Meta Platforms (META) outperformed. The Fed hiked its benchmark interest rate by 25 bps and gave an indication that more rate hikes are in the cards as inflation remains high.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports iShares iBoxx $ High Yield Corporate Bond ETF (HYG): ETF Research Reports Energy Select Sector SPDR ETF (XLE): ETF Research Reports Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard Value ETF (VTV): ETF Research Reports BNY Mellon US Large Cap Core Equity ETF (BKLC): ETF Research Reports To read this article on Zacks.com click here. While Apple Inc. AAPL and Amazon (AMZN) underperformed, Facebook’s parent company Meta Platforms (META) outperformed. With economic data points coming in upbeat, chances of a more hawkish Fed in the coming days rose.
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17186.0
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2023-02-07 00:00:00 UTC
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Company News for Feb 7, 2023
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AAPL
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https://www.nasdaq.com/articles/company-news-for-feb-7-2023
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nan
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nan
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Shares of Tyson Foods, Inc. TSN dropped 4.6% after posting first-quarter fiscal 2023 adjusted earnings of $0.85 per share, widely missing the Zacks Consensus Estimate of $1.35 per share.
Shares of Apple Inc. AAPL dropped 1.8% on the broader tech slump.
Shares of CNA Financial Corporation CNA rose 2.2% after posting fourth-quarter 2022 adjusted earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.83 per share.
Tesla, Inc.’s TSLA shares advanced 2.5% after a U.S. jury on Friday said that Elon Musk and his company were not liable for misleading investors based on a 2018 tweet.
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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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Shares of Apple Inc. AAPL dropped 1.8% on the broader tech slump. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Tyson Foods, Inc. (TSN) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Tesla, Inc.’s TSLA shares advanced 2.5% after a U.S. jury on Friday said that Elon Musk and his company were not liable for misleading investors based on a 2018 tweet.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Tyson Foods, Inc. (TSN) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Apple Inc. AAPL dropped 1.8% on the broader tech slump. Shares of Tyson Foods, Inc. TSN dropped 4.6% after posting first-quarter fiscal 2023 adjusted earnings of $0.85 per share, widely missing the Zacks Consensus Estimate of $1.35 per share.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Tyson Foods, Inc. (TSN) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Apple Inc. AAPL dropped 1.8% on the broader tech slump. Shares of Tyson Foods, Inc. TSN dropped 4.6% after posting first-quarter fiscal 2023 adjusted earnings of $0.85 per share, widely missing the Zacks Consensus Estimate of $1.35 per share.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Tyson Foods, Inc. (TSN) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Apple Inc. AAPL dropped 1.8% on the broader tech slump. Free Report: Must-See Hydrogen Stocks Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals.
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17187.0
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2023-02-07 00:00:00 UTC
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EXCLUSIVE-French adtech firm Criteo in new bid to sell itself-sources
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AAPL
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https://www.nasdaq.com/articles/exclusive-french-adtech-firm-criteo-in-new-bid-to-sell-itself-sources
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nan
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By Milana Vinn
NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter.
The Paris-based company, which is listed in New York and has a market value of close to $2 billion, kicked off a sale process last week that could attract other companies and private equity firms, one of the sources said. Investment bank Evercore Inc EVR.N is advising Criteo on the process, the sources added.
Bloomberg News reported in 2021 that Criteo was fielding takeover interest. It was not immediately clear what prompted the new deal talks. The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices.
The sources, who cautioned that no deal is certain, requested anonymity as these discussions are confidential.
Criteo declined to comment, while an Evercore spokesperson did not immediately respond to a request for comment.
The sale process for Criteo will likely pique the interest of buyout firms that have shown strong interest in audience measurement and analytics companies. In October, Elliott Investment Management's private equity arm and Brookfield Business Partners LP BBU.N acquired Nielsen Holdings Plc for $16 billion.
Criteo collects data through partnerships with companies, ad agencies and brands, and earns money by charging advertisers when consumers click on personalized ads.
It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
These tactics face new challenges as Google prepares to phase out cookies on its popular web browser Chrome as early as next year. In response, Criteo has been investing in its fast-growing retail media business, which involves partnering directly with the websites of retailers.
Criteo has reported adjusted earnings before interest, taxes, depreciation and amortization of $163 million for the first nine months of 2022, down 23% from a year earlier. It is scheduled to report fourth-quarter earnings on Wednesday.
(Reporting by Milana Vinn in New York; editing by Jonathan Oatis)
((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 company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. It has been utilizing so-called first-party media technology, which relies on data that consumers provide to websites either through direct input or through tracking "cookies," to overcome the introduction of privacy settings on devices such as the iPhone.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. By Milana Vinn NEW YORK, Feb 7 (Reuters) - French advertising technology provider Criteo SA CRTO.O is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. The sale process for Criteo will likely pique the interest of buyout firms that have shown strong interest in audience measurement and analytics companies.
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The company has been seeking to reassure shareholders it can overcome challenges to its business of tracking consumer data as iPhone maker Apple Inc AAPL.O and Android developer Google GOOGL.O tighten privacy standards on their devices. Investment bank Evercore Inc EVR.N is advising Criteo on the process, the sources added. It was not immediately clear what prompted the new deal talks.
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17188.0
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2023-02-07 00:00:00 UTC
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Where Will Qualcomm Stock Be In 1 Year?
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AAPL
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https://www.nasdaq.com/articles/where-will-qualcomm-stock-be-in-1-year
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nan
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nan
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Qualcomm (NASDAQ: QCOM) posted its latest earnings report on Feb. 2. In the first quarter of fiscal 2023, which ended on Dec. 25, the chipmaker's adjusted revenue dropped 12% year over year to $9.46 billion and missed analysts' expectations by $110 million. Its adjusted net income fell 27% to $2.68 billion, or $2.37 per share, but topped estimates by two cents.
Qualcomm clearly faces a cyclical slowdown along with the broader semiconductor sector, but its stock has already dropped nearly 30% over the past 12 months. It also looks cheap at just 13 times forward earnings and pays a decent forward dividend yield of 2.2%. Could this out-of-favor tech stock recover by the end of 2023?
Image source: Getty Images.
Why is Qualcomm facing a cyclical slowdown?
Qualcomm is one of the world's largest producers of system on chips (SoCs) -- which bundle together central processing units (CPUs), graphics processing units (GPUs), and baseband modems -- for smartphones, tablets, and other devices. Moreover, its massive portfolio of wireless patents entitles it to a cut of all the smartphones sold worldwide, even if they don't use Qualcomm's SoCs.
Therefore, Qualcomm's growth is tightly tethered to the smartphone market, which experienced a multi-year growth spurt when fresh 5G devices hit the market from 2019 to 2021. But that upgrade cycle is ending, and intermittent COVID lockdowns in China and inflationary headwinds have exacerbated that slowdown over the past year.
Qualcomm is producing more chips for the automotive and Internet of Things (IoT) markets to reduce its dependence on the mobile market, but it still generated 73% of its chipmaking revenues from the handset market in the first quarter. It repeatedly touts the growth of its automotive and IoT businesses, but those smaller segments still can't offset its slowing sales of handset chips. That's why its streak of double-digit revenue and profit growth ended abruptly in the first quarter.
METRIC
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Revenue growth (YOY)
30%
41%
37%
22%
(12%)
Earnings per share (EPS) growth (YOY)
49%
69%
54%
23%
(27%)
Source: Qualcomm. Non-GAAP basis. YOY = Year-over-year.
Qualcomm's margins also shrank as its growth cooled off. In the first quarter, the chipmaking segment's pre-tax profit margins fell seven percentage points year over year to 28%, while the licensing segment's pre-tax profit margins dropped four percentage points to 73%. That pressure will likely continue until the smartphone market stabilizes.
In the second quarter, Qualcomm expects its revenue to decline 15% to 22% year over year as its adjusted EPS drops 30% to 36%. But like many other chipmakers, Qualcomm expects the broader market to stabilize in the second half of 2023 as the supply/demand balance is restored.
What will Qualcomm do until the market stabilizes?
During the conference call, CEO Cristiano Amon said: "Given the current macroeconomic and demand environment, we're implementing further spending reductions and streamlining operations without losing sight of the significant growth and diversification opportunities ahead." In other words, Qualcomm will continue to cut costs, repurchase more shares (it bought back $1.3 billion in shares in the first quarter alone), and expand its automotive and IoT chipmaking businesses.
Those efforts could make it a more diversified chipmaker like Texas Instruments (NASDAQ: TXN) over the long term, and also prepare Qualcomm for its potential loss of Apple (NASDAQ: AAPL) as a top customer. Apple reportedly plans to replace Qualcomm's baseband modems with its own chips by 2025.
For now, analysts expect Qualcomm's revenue and adjusted earnings to decline 9% and 18%, respectively, for the full year. But in fiscal 2024, they expect its revenue and adjusted earnings to rise 12% and 18%, respectively, as the cyclical headwinds dissipate. There might not be too many compelling reasons to buy Qualcomm right now, but its low valuation and decent dividend yield should limit its downside potential as the bear market drags on.
Where will Qualcomm's stock be in a year?
I expect Qualcomm's stock to tread water for the first half of the year as the smartphone market stays chilly. But in the second half, its stock could perk up again as the mobile market warms up and a fresh bull market brings back more investors. In short, I wouldn't be surprised if Qualcomm's stock rises higher by the end of the year.
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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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Those efforts could make it a more diversified chipmaker like Texas Instruments (NASDAQ: TXN) over the long term, and also prepare Qualcomm for its potential loss of Apple (NASDAQ: AAPL) as a top customer. It repeatedly touts the growth of its automotive and IoT businesses, but those smaller segments still can't offset its slowing sales of handset chips. During the conference call, CEO Cristiano Amon said: "Given the current macroeconomic and demand environment, we're implementing further spending reductions and streamlining operations without losing sight of the significant growth and diversification opportunities ahead."
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Those efforts could make it a more diversified chipmaker like Texas Instruments (NASDAQ: TXN) over the long term, and also prepare Qualcomm for its potential loss of Apple (NASDAQ: AAPL) as a top customer. In the first quarter of fiscal 2023, which ended on Dec. 25, the chipmaker's adjusted revenue dropped 12% year over year to $9.46 billion and missed analysts' expectations by $110 million. Revenue growth (YOY) 30% 41% 37% 22% (12%) Earnings per share (EPS) growth (YOY) 49% 69% 54% 23% (27%) Source: Qualcomm.
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Those efforts could make it a more diversified chipmaker like Texas Instruments (NASDAQ: TXN) over the long term, and also prepare Qualcomm for its potential loss of Apple (NASDAQ: AAPL) as a top customer. Qualcomm is producing more chips for the automotive and Internet of Things (IoT) markets to reduce its dependence on the mobile market, but it still generated 73% of its chipmaking revenues from the handset market in the first quarter. Revenue growth (YOY) 30% 41% 37% 22% (12%) Earnings per share (EPS) growth (YOY) 49% 69% 54% 23% (27%) Source: Qualcomm.
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Those efforts could make it a more diversified chipmaker like Texas Instruments (NASDAQ: TXN) over the long term, and also prepare Qualcomm for its potential loss of Apple (NASDAQ: AAPL) as a top customer. In the first quarter of fiscal 2023, which ended on Dec. 25, the chipmaker's adjusted revenue dropped 12% year over year to $9.46 billion and missed analysts' expectations by $110 million. Revenue growth (YOY) 30% 41% 37% 22% (12%) Earnings per share (EPS) growth (YOY) 49% 69% 54% 23% (27%) Source: Qualcomm.
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17189.0
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2023-02-07 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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AAPL
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https://www.nasdaq.com/articles/should-engine-no.-1-transform-500-etf-vote-be-on-your-investing-radar-3
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nan
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If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Engine No. 1 Transform 500 ETF (VOTE), a passively managed exchange traded fund launched on 06/22/2021.
The fund is sponsored by Engine No. 1. It has amassed assets over $405.21 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. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
Costs
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 0.05%, 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
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 28% 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 return is roughly 7.55% so far this year and is down about -8.34% in the last one year (as of 02/07/2023). In the past 52-week period, it has traded between $41.43 and $54.09.
The ETF has a beta of 1 and standard deviation of 20.87% 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 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 $309.67 billion in assets, SPDR S&P 500 ETF has $385.44 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
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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. It has amassed assets over $405.21 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
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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). 1 Transform 500 ETF (VOTE), a passively managed exchange traded fund launched on 06/22/2021.
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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). 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.
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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. If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Engine No.
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17190.0
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2023-02-07 00:00:00 UTC
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Is SPDR MSCI USA StrategicFactors ETF (QUS) a Strong ETF Right Now?
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AAPL
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https://www.nasdaq.com/articles/is-spdr-msci-usa-strategicfactors-etf-qus-a-strong-etf-right-now-6
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nan
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Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta exchange traded fund launched on 04/15/2015.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
The fund is managed by State Street Global Advisors, and has been able to amass over $970.68 million, which makes it one of the larger ETFs in the Style Box - Large Cap Blend. Before fees and expenses, QUS seeks to match the performance of the MSCI USA Factor Mix A-Series Index.
The MSCI USA Factor Mix A-Series Index measures the equity market performance of large and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility.
Cost & Other Expenses
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.
With one of the cheaper products in the space, this ETF has annual operating expenses of 0.15%.
It has a 12-month trailing dividend yield of 1.60%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
For QUS, it has heaviest allocation in the Information Technology sector --about 26.40% of the portfolio --while Healthcare and Financials round out the top three.
Looking at individual holdings, Microsoft Corporation (MSFT) accounts for about 2.94% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Incorporated (UNH).
The top 10 holdings account for about 20.39% of total assets under management.
Performance and Risk
The ETF has added roughly 5.26% and is down about -4.28% so far this year and in the past one year (as of 02/07/2023), respectively. QUS has traded between $101.25 and $126.71 during this last 52-week period.
The ETF has a beta of 0.91 and standard deviation of 24.08% for the trailing three-year period, making it a medium risk choice in the space. With about 627 holdings, it effectively diversifies company-specific risk.
Alternatives
SPDR MSCI USA StrategicFactors ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the SPDR S&P 500 ETF (SPY) tracks S&P 500 Index. IShares Core S&P 500 ETF has $309.67 billion in assets, SPDR S&P 500 ETF has $385.44 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
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, Microsoft Corporation (MSFT) accounts for about 2.94% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Incorporated (UNH). Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : 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 Style Box - Large Cap Blend category of the market, the SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta exchange traded fund launched on 04/15/2015.
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Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : 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, Microsoft Corporation (MSFT) accounts for about 2.94% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Incorporated (UNH). Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta exchange traded fund launched on 04/15/2015.
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Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : 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, Microsoft Corporation (MSFT) accounts for about 2.94% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Incorporated (UNH). Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta exchange traded fund launched on 04/15/2015.
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Click to get this free report SPDR MSCI USA StrategicFactors ETF (QUS): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : 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, Microsoft Corporation (MSFT) accounts for about 2.94% of total assets, followed by Apple Inc. (AAPL) and Unitedhealth Group Incorporated (UNH). Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the SPDR MSCI USA StrategicFactors ETF (QUS) is a smart beta exchange traded fund launched on 04/15/2015.
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17191.0
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2023-02-07 00:00:00 UTC
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Will Apple Learn From Meta's Virtual Reality Mistakes?
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AAPL
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https://www.nasdaq.com/articles/will-apple-learn-from-metas-virtual-reality-mistakes
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Apple (NASDAQ: AAPL) posted a weaker-than-expected earnings report on Feb. 2, which it largely attributed to supply chain disruptions for the iPhone 14 and its sluggish sales of Macs and Apple Watches. The company offset some of those declines with the growth of its services business.
However, during the conference call, Apple didn't mention its long-awaited mixed-reality headset, which will likely launch this year. Many investors expect the device to diversify Apple's top line away from the iPhone -- which accounted for 56% of its sales in its latest quarter -- and enable it to challenge Meta (NASDAQ: META) in the nascent virtual reality market.
Image source: Getty Images.
But can Apple successfully expand into the VR market when Meta has only taken a few expensive baby steps over the past few years? Let's review what we know about Apple's headset and whether Apple will learn from Meta's mistakes.
What do we know about Apple's VR headset?
Apple has already rolled out augmented reality (AR) and virtual reality (VR) tools for iOS and iPadOS developers over the past few years. Its ARKit enables developers to access the depth-sensing cameras and sensors on iPhones and iPads to create AR apps, while its newer RealityKit adds more game-oriented features (like input control and multiplayer features) to those apps.
Those building blocks should make it easier for developers to create fully immersive AR apps for Apple's brand-new headset -- reportedly called the "Reality Pro" -- and run a new operating system called xrOS. Unlike Meta's Quest VR headsets that enclose their users in computer-generated environments, the Reality Pro is expected to be a mixed-reality device that can switch between AR mode, which digitally augments a user's surroundings, and full VR mode. It also, purportedly, can be used as an external display for Macs and will rely entirely on hand gestures instead of physical controllers.
Therefore, Apple's Reality Pro sounds more similar to Microsoft's (NASDAQ: MSFT) HoloLens -- which costs about $3,500 and is used for niche enterprise purposes -- than Meta's consumer-facing Quest headsets, which start at $399 (Quest 2) and top out at $1,500 (Quest Pro). However, Apple's Reality Pro could cost $3,000, even though it will presumably be aimed at mainstream consumers. Apple still has plenty of pricing power, but that would make the Reality Pro twice as expensive as its highest-end iPhone 14 Pro and nearly match the price of its top-tier M1 Max MacBook Pro.
Will Apple learn from Meta's mistakes?
Apple's AR and VR strategies will likely differ from Meta's. Meta is selling its VR headsets at a loss to tether more users to its metaverse playground, Horizon Worlds. Unfortunately, that strategy doesn't seem sustainable.
Last June, Meta claimed it had sold nearly 15 million Quest 2 headsets worldwide. But as of last October, Horizon Worlds only hosted about 200,000 monthly users, or 1% of its headset buyers, according to leaked internal documents obtained by The Wall Street Journal. Meta's Reality Labs segment, which houses its VR hardware and software, racked up a staggering operating loss of $13.7 billion in 2022 while only generating $2.2 billion in revenues.
Apple doesn't sell its hardware as loss leaders, so the rumored $3,000 price tag for the Reality Pro should easily cover its production and marketing costs. Unlike Meta, Apple probably won't recklessly burn billions of dollars on its headset.
Apple also probably won't build a massive first-party metaverse platform like Horizon Worlds to host its users. Instead, it will likely encourage its ARKit and RealityKit developers either to create new xrOS apps or roll out new mixed-reality features for its existing services, like Apple TV+, Apple Music, Apple Arcade, and Apple Fitness+.
Apple ended its latest quarter with a whopping 935 million paid subscribers across all its services, giving it a tremendous audience for introducing its new headset-oriented features. Meta ended 2022 with 3.74 billion people monthly using its family of apps (Facebook, Messenger, Instagram, and WhatsApp), but it hasn't figured out how to break down those silos and pull those social media users into its virtual reality ecosystem yet.
Apple could disrupt the VR and AR markets
Apple didn't invent the first MP3 player, smartphone, tablet computer, or smartwatch, but it disrupted those markets with the iPod, iPhone, iPad, and Apple Watch, respectively, by learning from the mistakes of earlier movers. If it's following the same playbook with the Reality Pro headset, it could eventually disrupt the fledgling VR and AR markets.
Meta clearly made a lot of mistakes in its quest to conquer those markets first, and I believe Apple will learn from those blunders as it tries to build a more sustainable and profitable mixed-reality business. If that happens, Apple can finally expand its hardware business away from the iPhone while supporting a new ecosystem of mixed-reality applications.
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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. Leo Sun has positions in Apple and Meta Platforms. The Motley Fool has positions in and recommends Apple, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ: AAPL) posted a weaker-than-expected earnings report on Feb. 2, which it largely attributed to supply chain disruptions for the iPhone 14 and its sluggish sales of Macs and Apple Watches. Apple doesn't sell its hardware as loss leaders, so the rumored $3,000 price tag for the Reality Pro should easily cover its production and marketing costs. Apple ended its latest quarter with a whopping 935 million paid subscribers across all its services, giving it a tremendous audience for introducing its new headset-oriented features.
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Apple (NASDAQ: AAPL) posted a weaker-than-expected earnings report on Feb. 2, which it largely attributed to supply chain disruptions for the iPhone 14 and its sluggish sales of Macs and Apple Watches. Those building blocks should make it easier for developers to create fully immersive AR apps for Apple's brand-new headset -- reportedly called the "Reality Pro" -- and run a new operating system called xrOS. Apple also probably won't build a massive first-party metaverse platform like Horizon Worlds to host its users.
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Apple (NASDAQ: AAPL) posted a weaker-than-expected earnings report on Feb. 2, which it largely attributed to supply chain disruptions for the iPhone 14 and its sluggish sales of Macs and Apple Watches. Let's review what we know about Apple's headset and whether Apple will learn from Meta's mistakes. Instead, it will likely encourage its ARKit and RealityKit developers either to create new xrOS apps or roll out new mixed-reality features for its existing services, like Apple TV+, Apple Music, Apple Arcade, and Apple Fitness+.
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Apple (NASDAQ: AAPL) posted a weaker-than-expected earnings report on Feb. 2, which it largely attributed to supply chain disruptions for the iPhone 14 and its sluggish sales of Macs and Apple Watches. What do we know about Apple's VR headset? Therefore, Apple's Reality Pro sounds more similar to Microsoft's (NASDAQ: MSFT) HoloLens -- which costs about $3,500 and is used for niche enterprise purposes -- than Meta's consumer-facing Quest headsets, which start at $399 (Quest 2) and top out at $1,500 (Quest Pro).
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17192.0
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2023-02-07 00:00:00 UTC
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3 Stocks That Are Great Long-Term Picks
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AAPL
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https://www.nasdaq.com/articles/3-stocks-that-are-great-long-term-picks-2
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nan
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If you want an easy way to win in the stock market, long-term investing is the way to go.
Holding stocks over the long term removes the risk of volatility and allows compounding to work for you. Long-term investing doesn't mean set and forget. You want to make sure your investment thesis still applies to your holdings, but investing is much easier if you can buy superior businesses at good prices and allow them to grow over time.
Keep reading to see three stocks that look like great long-term buys right now.
Image source: Getty Images.
1. Bill.com Holdings
Bill.com (NYSE: BILL) stock just got shellacked after its latest earnings report with the stock falling 27%, but long-term investors know that stock declines are often buying opportunities.
In this case, investors were turned off by the company's guidance, which called for slower revenue growth than expected in the current quarter. However, that shouldn't affect the long-term growth opportunity.
Bill.com is a software company that helps small and medium-sized businesses make payments and handle back-office accounting. It's a fast-growing business that has expanded through both organic growth and acquisitions. The company is also coming off a quarter where core revenue jumped 49% and total revenue, which includes interest earned on funds held, rose 66% to $260 million. On an adjusted basis, the company also reported a strong profit of $49.4 million, or $0.42 per share.
Over the long term, Bill is an attractive opportunity. It's penetrating a highly fragmented market and often competing with pen and paper, or Excel, as many of its potential customers don't use software to manage payments.
Bill estimates it has a $46 billion addressable market, yet its revenue has only reached a run rate of $1 billion. The company should continue to grow as it penetrates that market and expands to adjacent markets through acquisitions.
2. Microsoft
No big tech company is as diversified as Microsoft (NASDAQ: MSFT). It has three major segments: software like Office, its intelligent cloud which includes Azure, and its computing segment based around Windows.
The company also owns businesses like LinkedIn and GitHub and makes money from a wide range of revenue streams, including gaming and advertising.
That diversification makes the company more resilient than its peers, which get most of their money from one business.
CEO Satya Nadella has driven strong returns while at the helm as he's rebuilt the company around the cloud. In fact, last year was the first year that Microsoft underperformed the S&P 500 since he took the top job in 2014.
With its partnership with OpenAI, Microsoft is poised to shake up the tech sector once again. It's deploying OpenAI tools like ChatGPT in products like Azure and Teams and is reportedly preparing to launch a ChatGPT-powered version of its Bing search engine, which could disrupt Google's monopoly.
Microsoft continues to generate huge profit margins. It's well positioned to grow in multiple directions, and Nadella has proven to be a master strategist, remaking the company from a stubborn laggard into a bold innovator.
3. Visa
For a long-term investment, you want a wide economic moat. Few companies can match that of Visa (NYSE: V), which dominates a credit card duopoly with Mastercard, or a triopoly if you include American Express.
Threats from crypto and BNPL companies seem to have receded, and Visa continues to thrive. Credit cards have proven to be an entrenched consumer habit and a necessary convenience for businesses.
In a weak macroeconomic environment, Visa still posted 12% revenue growth to $7.9 billion in its recently reported fiscal first quarter. Net income rose 17% to $4.6 billion, giving the company a profit margin of nearly 60%. Its adjusted earnings per share jumped 21% to $2.18, as it continues to buy back stock.
The recovery of cross-border travel should benefit the company's growth over the near term, and over the long term, Visa will benefit from global GDP growth and the expansion of the middle class and digital payment options in the developing world. The proliferation of payment tools like Apple Pay will also favor Visa's long-term growth.
With more than 3 billion cards in use and daily habits established with most of those users, unwinding Visa's dominance in digital payments will not be easy, and its steady growth and massive profits make it a great long-term stock to own.
10 stocks we like better than Bill.com
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They just revealed what they believe are the ten best stocks for investors to buy right now… and Bill.com 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 January 9, 2023
American Express is an advertising partner of The Ascent, a Motley Fool company. Jeremy Bowman has positions in Bill.com. The Motley Fool has positions in and recommends Apple, Bill.com, Mastercard, Microsoft, and Visa. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's penetrating a highly fragmented market and often competing with pen and paper, or Excel, as many of its potential customers don't use software to manage payments. It's deploying OpenAI tools like ChatGPT in products like Azure and Teams and is reportedly preparing to launch a ChatGPT-powered version of its Bing search engine, which could disrupt Google's monopoly. With more than 3 billion cards in use and daily habits established with most of those users, unwinding Visa's dominance in digital payments will not be easy, and its steady growth and massive profits make it a great long-term stock to own.
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With more than 3 billion cards in use and daily habits established with most of those users, unwinding Visa's dominance in digital payments will not be easy, and its steady growth and massive profits make it a great long-term stock to own. The Motley Fool has positions in and recommends Apple, Bill.com, Mastercard, Microsoft, and Visa. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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Bill.com Holdings Bill.com (NYSE: BILL) stock just got shellacked after its latest earnings report with the stock falling 27%, but long-term investors know that stock declines are often buying opportunities. With more than 3 billion cards in use and daily habits established with most of those users, unwinding Visa's dominance in digital payments will not be easy, and its steady growth and massive profits make it a great long-term stock to own. See the 10 stocks *Stock Advisor returns as of January 9, 2023 American Express is an advertising partner of The Ascent, a Motley Fool company.
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The company should continue to grow as it penetrates that market and expands to adjacent markets through acquisitions. With more than 3 billion cards in use and daily habits established with most of those users, unwinding Visa's dominance in digital payments will not be easy, and its steady growth and massive profits make it a great long-term stock to own. The Motley Fool has positions in and recommends Apple, Bill.com, Mastercard, Microsoft, and Visa.
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17193.0
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2023-02-07 00:00:00 UTC
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Archer Daniels Midland and Ollie's Bargain Outlet 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/archer-daniels-midland-and-ollies-bargain-outlet-have-been-highlighted-as-zacks-bull-and
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For Immediate Release
Chicago, IL – February 7, 2023 – Zacks Equity Research shares Archer Daniels Midland ADM as the Bull of the Day and Ollie’s Bargain Outlet OLLI as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Apple AAPL, Meta Platforms META and Chevron CVX.
Here is a synopsis of all five stocks.
Bull of the Day:
Archer Daniels Midland is a Zacks Rank #1 (Strong Buy) that procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients. ADM is one of the leading producers of food and beverage ingredients, as well as goods made from various agricultural products
The stock has seen selling over the last couple months as money has been rotated out of last year's winning sectors and into 2022 losers such as tech. The stock is now down over 15%, but the selling might not last long as ADM is coming off an earnings beat and is seeing analyst estimates drift higher. Additionally, ADM has hit technical support at a trend line that formed at the COVID lows.
About the Company
Archer Daniels Midland was founded in 1902 in Minneapolis, MN. The company is now headquartered in Chicago, IL and employs over 38,000. ADM has a market cap of $45 billion and has a Forward PE of 12. The company pays a dividend of almost 2%.
ADM operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company also engages in the agricultural commodity and feed product import, export, and distribution; and structured trade finance activities.
The stock has a Zacks Style Score of “A” in Value and Growth.
Q4 Earnings Beat
In late January, the company reported an earnings beat of 17%. This was the 14th straight EPS beat, a streak that started back in 2019.
Digging into the fourth quarter, the company reported EPS of $1.93 v the $1.64 expected. Revenues came in at $26.2B, which was as expected. Strong global demand for crops and soy crushing margins were cited as reasons for the beat.
ADM saw a 46% y/y increase in operating profit in their Ag services and Oilseeds unit.
Management commented they are committed to returning cash to shareholders and announced they were hiking their dividend by 12.5%. The company guided FY23 capex flat y/y and planned share buybacks at $1.0B vs the $.5B last year.
Management sounded bullish for 2023, with the CEO expecting strong margins in starches, sweeteners, and wheat flour in Q1. ADM expects FY23 growth to be over 10%.
Analyst Estimates
The stock sold off about half a percent after earnings. Since then, it has dipped even further, falling about 5% since earnings were released. The current quarter saw estimates dip a tad, but analysts remain bullish long term.
For next quarter, estimates have shot up 4% over the last 7 days, moving from $1.62 to $1.69. For the current year, estimates have gone higher by 2% for that same time frame.
The longer-term trend is very positive, with next year’s estimates moving up 16% over the last month.
The Technicals
2023 has seen money flow into the beaten down names from last year, while rotating out of those strong 2022 performers. Tech has been hot, while commodity related stocks have been weak.
ADM has not been spared, with the stock being sold hard and down 9% the first three days of the trading year. Eventually this rotation will stop and the stock already seems to be stabilizing at technical support.
While the 200-day moving average broke in the first week of the year, the $80 level is holding. If you draw a trendline from the lows since March 2020, you can see the line has hit for the first time since July and the selling has stalled.
Additionally, the current price is the September support zone and a 61.8% Fibonacci retracement drawn from the July lows to October highs.
Bottom Line
The weakness in ADM so far in 2023 can be attributed to the sector rotation out of last year's winners into losers. For investors that expect the long-term trend to continue, the stock has dropped enough to gain a solid entry point.
Earnings momentum, valuation, dividend growth are factors that should offer the stock strong support for the rest of 2023.
Bear of the Day:
Ollie’s Bargain Outlet is a Zacks Rank #5 (Strong Sell) that is a value retailer of brand name merchandise at reduced prices. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.
The stock performed well during the pandemic, but has missed earnings expectations five out of the last six quarters. This has helped the stock fall over 50% from all-time highs seen in 2020.
While the stock has rallied off 2022 lows, investors might want to be cautious ahead of the next earnings report in March. Estimates are headed lower due to a challenging operating environment.
About the Company
Ollie’s is headquartered in Harrisburg, PA. The company was founded in 1982 and employs 4,700 people. As of Oct 2022, the company operated 463 outlets in 29 states, primarily in the eastern half of the country.
Ollie’s offers products under the following merchandise categories: Housewares (14.9% of 2021 Net Sales), Bed and bath (10.7%), Food (10.3%), Floor coverings (8.6%), Books and stationery (7.9%), Toys (6.4%), Health and beauty aids (5.9%). The remaining sales fit under the “Other” category and include hardware, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, summer furniture and lawn & garden.
The company boasts its Ollie’s Army loyalty program. This is a free membership in which you receive special discounts through both regular mail and email. The membership includes a point system in which you earn one point for every dollar spent.
The company is valued at $3.5 billion and has a Forward PE of 24. OLLI holds Zacks Style Scores of “F” in Growth and Value. The stock pays no dividend.
Q3 Earnings
The company last reported EPS on December 7th, missing expectations by 10%. Ollie’s reported Q3 at $0.37 v the $0.41 expected and missed on revenues. Despite sales trends improving in October, the company guided Q4 lower and now sees $0.78-.083 v the $0.95 expected.
Ollie's cut FY22 to $1.57-$1.62 v the $1.78 expected and sees same store sales down 3.8%.
Year over year margins were lower and inventories were up 11%. Management commented that they are pleased with the sales trends, but they are challenged by the highly promotional and inflationary environment.
To sum the quarter up the sales are there, but costs to get those sales, as well as inflationary costs, are eating into the bottom line.
Estimates
After the quarter, analysts lowered their estimates and cut their price targets. Over the last 60 days, there have been seven revisions to the downside for the current year. Earnings forced JPMorgan to immediately maintain its underweight and cut their price target from $54 to $42.
Over the last 60 days, estimates for the current have gone from $0.95 to $0.80, a drop of 15%. For next quarter they have fallen 9%, dropping from $0.53 to $0.48.
Looking ahead to next year, analysts have dropped their numbers 11% over the last 60 days, from $2.66 to $2.36.
Technical Take
Bulls have seen a 30% rally off the lows set in late December. This is partially due to the big market move higher since the start of 2023. But it also has to do with technical breaks of the 200-day MA, which caused a short squeeze.
This issue the bulls will have over the next month will be that earnings report due in March. If price gets back under the $52 level, the bears gain back control. If this happens before earnings, the bulls could be at risk of seeing new lows on a bad earnings report.
A move over the November high of $63 and the stock will look pretty good. So investors should expect a big technical fight between the bulls and the bear over the next month.
Summary
The current atmosphere is not good for deep discount retailers that thrive on margins. In an inflationary environment, margins contract and the company will become less profitable. While inflation has come in, it could be a while before Ollie’s starts to see improvement.
Additional content:
Meta & Chevron Buybacks: Who Benefits Most?
The Power of Buybacks
Buybacks can be a fruitful endeavor for companies with lots of cash on hand (a good problem to have. For example, over the past decade, Apple has repurchased more than half a trillion worth of its own shares. The results speak for themselves.
Buybacks can allow management teams to:
· Inflate earnings per share (EPS): Because buybacks decrease the number of shares outstanding, earnings are calculated against fewer shares. Higher EPS can make stocks more attractive to institutions and individual investors.
· Drive share prices higher: A lower supply of shares and more buying pressure can boost stock prices.
· Have skin in the game: When a company buys back shares, it signals that management has confidence in the future.
· Support dividend payments: Companies can finance dividend payments to shareholders. (CVX has raised its dividend for 36 years straight)
Meta Platforms and Chevron couldn’t be on further ends of the spectrum in terms of their underlying businesses and stocks. Chevron is one of the world’s largest oil producers, a value stock, a dividend payer, and one of the top-performing stocks of the past year. Meanwhile, Meta is a growth-oriented tech stock known for its innovative social media portfolio and is coming off one of the worst performance periods since the stock came public.
Despite their differences, both companies’ management teams have similar strategies in mind to boost their stock prices – massive stock buybacks.
Massive Buyback Programs
Last week, Chevron announced a massive buyback of $75 billion worth of stock after a record year of earnings – tripling its existing buyback program. Not to be outdone, Thursday, Meta increased its buyback plans by $40 billion – last year, the company purchased nearly $28 billion worth of its stock.
Which Stock Will Benefit Most?
If you want to learn more about the animals in the desert and how they act, sit in the desert and watch the animals. By the same token, if you wish to learn which stock benefited more from a buyback – watch the stock. Shares of CVX fell by 4.44% on above-average volume following the announcement. Conversely, shares of META soared more than 20% on volume nearly four times the average turnover.
While both stocks gave investors good news, the reaction in shares tells investors two different stories. Meta may be ready for a turnaround year, while the good news may already be priced into CVX shares.
Conclusion
Around big news items in the stock market, the reaction to the news is often more important than the news itself. Zuckerberg and META’s management team have injected confidence back into shares of META. Furthermore, META is seeing improving estimates, sports a Zacks Ranking of 2, and has its lowest valuation in years.
For these reasons, META is more likely to benefit in the coming months than CVX from its recent buyback.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Chevron Corporation (CVX) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
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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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In addition, Zacks Equity Research provides analysis on Apple AAPL, Meta Platforms META and Chevron CVX. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Bull of the Day: Archer Daniels Midland is a Zacks Rank #1 (Strong Buy) that procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Apple AAPL, Meta Platforms META and Chevron CVX. For Immediate Release Chicago, IL – February 7, 2023 – Zacks Equity Research shares Archer Daniels Midland ADM as the Bull of the Day and Ollie’s Bargain Outlet OLLI as the Bear of the Day.
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Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Apple AAPL, Meta Platforms META and Chevron CVX. Despite their differences, both companies’ management teams have similar strategies in mind to boost their stock prices – massive stock buybacks.
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In addition, Zacks Equity Research provides analysis on Apple AAPL, Meta Platforms META and Chevron CVX. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – February 7, 2023 – Zacks Equity Research shares Archer Daniels Midland ADM as the Bull of the Day and Ollie’s Bargain Outlet OLLI as the Bear of the Day.
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17194.0
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2023-02-07 00:00:00 UTC
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Taiwan Jan exports down for 5th month, China shipments slump
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AAPL
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https://www.nasdaq.com/articles/taiwan-jan-exports-down-for-5th-month-china-shipments-slump
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nan
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nan
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By Liang-sa Loh and Faith Hung
TAIPEI, Feb 7 (Reuters) - Taiwan's exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar New Year holiday, with the outlook remaining poor in the short term.
Exports dropped 21.2% by value last month from a year earlier to $31.51 billion, the Ministry of Finance said on Tuesday.
That followed a 12.1% drop in December, and was slightly worse than Reuters poll forecast for a 20% contraction.
The ministry said seasonally weaker global demand after the year-end festive period and fewer working days, as the Lunar New Year fell in January this year, dragged on exports.
Taiwan's total shipments of electronics components in January fell 20.1% to $12.72 billion, the worst decline in 11 years, with semiconductor exports down 18.3% from a year earlier.
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 for auto companies and lower-end consumer goods.
United Microelectronics Corp 2303.TW, a smaller competitor of TSMC, reported on Monday that January sales dropped 4.31% year-on-year.
At $10.44 billion in January, Taiwan's exports to China, the island's largest trading partner, plummeted 33.5% from a year earlier, after suffering a 16.4% drop in December, even as Beijing dismantled its zero-COVID regime.
Taiwan's finance ministry said continued tightening of monetary policy in major economies will weigh on overall demand, coupled with other risks such as the war in Ukraine and China-U.S. trade tensions.
"It will not be easy to recover significantly in the short term," it said, predicting that February exports could contract 7% to 11% from a year earlier, and drop around 10% in the first quarter.
January's exports to the United States were down 14.5%, compared with a 2.6% contraction recorded the previous month.
Taiwan's January imports, often seen as a leading indicator of re-exports of finished products, fell 16.6% to $29.17 billion. That compared with economists' expectations of a 18.2% fall and after an 11.4% decline in December.
(Reporting by Liang-sa Loh and Faith Hung; Writing by Ben Blanchard; Editing by Jacqueline Wong)
((ben.blanchard@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 for auto companies and lower-end consumer goods. By Liang-sa Loh and Faith Hung TAIPEI, Feb 7 (Reuters) - Taiwan's exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar New Year holiday, with the outlook remaining poor in the short term. At $10.44 billion in January, Taiwan's exports to China, the island's largest trading partner, plummeted 33.5% from a year earlier, after suffering a 16.4% drop in December, even as Beijing dismantled its zero-COVID regime.
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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 for auto companies and lower-end consumer goods. By Liang-sa Loh and Faith Hung TAIPEI, Feb 7 (Reuters) - Taiwan's exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar New Year holiday, with the outlook remaining poor in the short term. Exports dropped 21.2% by value last month from a year earlier to $31.51 billion, the Ministry of Finance said on Tuesday.
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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 for auto companies and lower-end consumer goods. By Liang-sa Loh and Faith Hung TAIPEI, Feb 7 (Reuters) - Taiwan's exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar New Year holiday, with the outlook remaining poor in the short term. Taiwan's total shipments of electronics components in January fell 20.1% to $12.72 billion, the worst decline in 11 years, with semiconductor exports down 18.3% from a year earlier.
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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 for auto companies and lower-end consumer goods. Exports dropped 21.2% by value last month from a year earlier to $31.51 billion, the Ministry of Finance said on Tuesday. Taiwan's total shipments of electronics components in January fell 20.1% to $12.72 billion, the worst decline in 11 years, with semiconductor exports down 18.3% from a year earlier.
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17195.0
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2023-02-07 00:00:00 UTC
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Amazon's Ad Business Is Firing on All Cylinders
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AAPL
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https://www.nasdaq.com/articles/amazons-ad-business-is-firing-on-all-cylinders
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nan
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nan
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Pinterest (NYSE: PINS) dropped more bad news for the advertising industry on Monday. The search social media company announced worse-than-expected fourth-quarter revenue and guided for first-quarter revenue to increase at a rate in the low single digits. This adds to similarly underwhelming fourth-quarter results from digital advertising peers Meta Platforms, Alphabet, and Snap.
But there's been at least one bright spot in the advertising industry this earnings season so far: Amazon's (NASDAQ: AMZN) advertising business posted strong, double-digit year-over-year growth. This suggests some marketers may still be spending a pretty penny on ads but are doing so in areas where there's more evidence of measured results. The double-digit growth in Amazon's advertising business amid macroeconomic uncertainty is a testament to its value proposition to marketers. After all, companies likely want to do everything they can in uncertain macroeconomic environments to ensure their ad spend is measured and effective.
Tight budgets are leading marketers to Amazon
Amazon's overall sales during Q4 were solid, rising 9% year over year to $149.2 billion. But not all segments saw nice growth. Indeed, the company's online stores segment, which accounts for more than 40% of overall revenue, saw sales decline 2% year over year. But sales did rise 2% after adjusting for currency headwinds.
Amazon's advertising business was among its top-performing segments, posting growth of 19% -- or 23% on a constant-currency basis.
"Sellers, vendors, and brands continue to look to Amazon's advertising capabilities to reach customers in the always competitive holiday season," said Amazon Chief Financial Officer Brian Olsavsky in the company's fourth-quarter earnings call, "even as the macro environment required them to scrutinize their own marketing budgets."
Growth during a time that marketers are scrutinizing their ad spend more closely suggests that ad agencies and brands are finding more value from Amazon (where shopper data can be more easily tied to their respective ad spend) than from social media peers like Meta and Snap. This isn't particularly surprising since the two companies have been forced to rebuild their measurement and ad-tracking technologies to be less reliant on Apple's mobile operating system after the iPhone maker rolled out new privacy features for its users.
A "small" but important segment
While Amazon's advertising business, at just 8% of fourth-quarter revenue, is still "small" relative to the e-commerce and cloud-computing company's overall business ("small" is in quotes here because it's still large in absolute terms, contributing $11.6 billion in fourth-quarter revenue), it's growing in importance for Amazon. Not only is the segment posting greater growth than its consolidated revenue, but it's taking significant market share from slower-growing digital advertising peers, including Meta Alphabet, and Snap. Further, Amazon has stated that its advertising business has a higher profit margin than its overall business does. This means the segment has an outsized impact on profitability as it grows.
Alongside Amazon's fast-growing cloud-computing business, the company's advertising business is helping it successfully diversify its business beyond retail, where it runs on razor-thin margins. While retail will remain important to Amazon, investors should increasingly give substantial weight to the company's non-retail segments like cloud computing and advertising when analyzing the growth stock.
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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. Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioend. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, and Pinterest. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This isn't particularly surprising since the two companies have been forced to rebuild their measurement and ad-tracking technologies to be less reliant on Apple's mobile operating system after the iPhone maker rolled out new privacy features for its users. Not only is the segment posting greater growth than its consolidated revenue, but it's taking significant market share from slower-growing digital advertising peers, including Meta Alphabet, and Snap. While retail will remain important to Amazon, investors should increasingly give substantial weight to the company's non-retail segments like cloud computing and advertising when analyzing the growth stock.
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This adds to similarly underwhelming fourth-quarter results from digital advertising peers Meta Platforms, Alphabet, and Snap. But there's been at least one bright spot in the advertising industry this earnings season so far: Amazon's (NASDAQ: AMZN) advertising business posted strong, double-digit year-over-year growth. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, and Pinterest.
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"Sellers, vendors, and brands continue to look to Amazon's advertising capabilities to reach customers in the always competitive holiday season," said Amazon Chief Financial Officer Brian Olsavsky in the company's fourth-quarter earnings call, "even as the macro environment required them to scrutinize their own marketing budgets." A "small" but important segment While Amazon's advertising business, at just 8% of fourth-quarter revenue, is still "small" relative to the e-commerce and cloud-computing company's overall business ("small" is in quotes here because it's still large in absolute terms, contributing $11.6 billion in fourth-quarter revenue), it's growing in importance for Amazon. While retail will remain important to Amazon, investors should increasingly give substantial weight to the company's non-retail segments like cloud computing and advertising when analyzing the growth stock.
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Not only is the segment posting greater growth than its consolidated revenue, but it's taking significant market share from slower-growing digital advertising peers, including Meta Alphabet, and Snap. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, Meta Platforms, and Pinterest.
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17196.0
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2023-02-07 00:00:00 UTC
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Top-Performing ETF Areas of Last Week
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AAPL
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https://www.nasdaq.com/articles/top-performing-etf-areas-of-last-week-6
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nan
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nan
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Wall Street delivered a mixed performance last week with the S&P 500 (up 1.6%), the Nasdaq Composite (up 3.31%) and the Russell 2000 (up 3.88%) returning positively and the Dow Jones (down 0.15%) losing a little.
As expected, the Federal Reserve on Wednesday hiked its benchmark interest rate by 25 bps and gave an indication that more rate hikes are in the cards as inflation remains high. However, as inflation is showing signs of cooling, future rate hikes are likely to be smaller in magnitude. The latest hike takes rates to a target range of 4.5%-4.75%, the highest since October 2007. The move also marked the eighth increase in rates since March 2022.
The last week was marked with key tech earnings. Among these, Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. The tech giant posted its largest year-over-year quarterly revenue decline since 2019 (read: ETFs in Focus on Apple's First Earnings Miss Since 2016).
After the closing bell on Thursday, Amazon AMZN disappointed investors following its fourth-quarter results. Though the e-commerce giant beat earnings and revenue estimates, it posted the least profitable holiday quarter since 2014 and the biggest-ever annual loss as a public company (read: ETFs in Focus Posts Amazon's Biggest Annual Loss Ever).
After the closing bell on Feb 1, Facebook’s parent company Meta Platforms META reported solid fourth-quarter 2022 results, which outpaced revenue and earnings estimates. Though the social media giant reported its third consecutive quarterly drop in revenues, it provided an upbeat revenue forecast, signaling a rebound in demand for digital ads after months of weak sales.
In terms of economic data points, ISM manufacturing data came in weaker. The ISM Manufacturing PMI dropped to 47.4 in January, the lowest since May 2020 at the height of the covid pandemic and below market forecasts of 48. The reading pointed to the third successive contraction in factory activity as companies slowed outputs to better match demand in the first half of 2023 and prepare for growth in the second half of the year.
Against this backdrop, below we highlight a few ETF areas that won last week.
Cryptocurrency
First Trust Skybridge Crypto Industry and Digital Economy CRPT – Up 8.6%
Bitwise Crypto Industry Innovators ETF BITQ – Up 7.3%
Bitcoin prices jumped in recent weeks. A less-hawkish Fed has bolstered the risk-on trade sentiments and favored the beaten-down asset cryptocurrency this year (read: Cyptocurrency ETFs Won in Nasdaq's Best Week Since November).
Electric Vehicles
Simplify Volt Robocar Disruption and Tech ETF VCAR – Up 8.3%
Tesla, which erased 65% of its value in 2022 for its worst year on record, rallied in recent days due to strong earnings. In 2022, the electric carmaker delivered a record 1.31 million electric vehicles, up 40% from 2021. It has ramped up production after opening new factories in Texas, Shanghai and Berlin. In any case, electric vehicle ETFs, in general, have been delivering upbeat performances this year.
Marijuana
AdvisorShares Pure U.S. Cannabis ETF MSOS – Up 7.9%
ETFMG U.S. Alternative Harvest ETF MJUS – Up 7.5%
Marijuana is a thriving industry in the United States. It is now legal in some way, shape or form in 47 states (plus Washington, D.C.), per a Forbes article. In Missouri, possession became legal on Dec. 8, 2022, but dispensaries aren’t expected to open until February 2023, the Forbes article elaborated. The regulatory backdrop holds the wild card for the industry’s well-being. President Biden’s era in the United States is thought to be speeding up the legalization of marijuana at the federal level.
Retail
S&P Retail SPDR XRT – Up 7%
Though U.S. retail sales for the month of December came in downbeat, a less-hawkish Fed and a decline in rates as well as energy prices this year went in favor of retail stocks and ETFs. This is because both factors are likely to boost consumers’ savings and their ability to shell out more on discretionary items.
Internet
Ark Next Generation Internet ETF ARKW – Up 6.9%
Ark Investments’ ETFs have been offering blowout performances lately thanks to the uptake in its core holdings like Tesla, cryptocurrency and internet stocks. The comeback of technology shares in 2023 has been aiding Ark Investments’ ETFs like ARKW.
Want key ETF info delivered straight to your inbox?
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
SPDR S&P Retail ETF (XRT): ETF Research Reports
ARK Next Generation Internet ETF (ARKW): ETF Research Reports
AdvisorShares Pure US Cannabis ETF (MSOS): ETF Research Reports
Simplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports
Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports
ETFMG U.S. Alternative Harvest ETF (MJUS): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT): 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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Among these, Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report SPDR S&P Retail ETF (XRT): ETF Research Reports ARK Next Generation Internet ETF (ARKW): ETF Research Reports AdvisorShares Pure US Cannabis ETF (MSOS): ETF Research Reports Simplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports ETFMG U.S. Wall Street delivered a mixed performance last week with the S&P 500 (up 1.6%), the Nasdaq Composite (up 3.31%) and the Russell 2000 (up 3.88%) returning positively and the Dow Jones (down 0.15%) losing a little.
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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 SPDR S&P Retail ETF (XRT): ETF Research Reports ARK Next Generation Internet ETF (ARKW): ETF Research Reports AdvisorShares Pure US Cannabis ETF (MSOS): ETF Research Reports Simplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports ETFMG U.S. Among these, Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Cryptocurrency First Trust Skybridge Crypto Industry and Digital Economy CRPT – Up 8.6% Bitwise Crypto Industry Innovators ETF BITQ – Up 7.3% Bitcoin prices jumped in recent weeks.
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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 SPDR S&P Retail ETF (XRT): ETF Research Reports ARK Next Generation Internet ETF (ARKW): ETF Research Reports AdvisorShares Pure US Cannabis ETF (MSOS): ETF Research Reports Simplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports ETFMG U.S. Among these, Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. Internet Ark Next Generation Internet ETF ARKW – Up 6.9% Ark Investments’ ETFs have been offering blowout performances lately thanks to the uptake in its core holdings like Tesla, cryptocurrency and internet stocks.
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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 SPDR S&P Retail ETF (XRT): ETF Research Reports ARK Next Generation Internet ETF (ARKW): ETF Research Reports AdvisorShares Pure US Cannabis ETF (MSOS): ETF Research Reports Simplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports ETFMG U.S. Among these, Apple Inc. AAPL reported dismal first-quarter fiscal 2023 results as it missed the Zacks Consensus Estimate for earnings for the first time since 2016. The last week was marked with key tech earnings.
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17197.0
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2023-02-06 00:00:00 UTC
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A Rare Earnings Miss Couldn’t Stop Apple Stock (NASDAQ:AAPL)
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AAPL
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https://www.nasdaq.com/articles/a-rare-earnings-miss-couldnt-stop-apple-stock-nasdaq%3Aaapl
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nan
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nan
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Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Still, Apple stock was resilient following the disappointing number, closing off Friday's session up 2.4% in a bloody day for tech stocks. I remain bullish as Apple stock shrugs off its forgettable quarter and moves on from headwinds that are bound to fade in time.
The recent round of quarterly results themselves was nothing to write home about (weakness was broadly spread across categories). It was likely the words of management that helped soothed investor nerves, helping Apple stock outperform some FAANG rivals that also reported the previous day.
The company didn't give formal guidance for Fiscal 2023 due to macro uncertainty. It's noteworthy that the words "macro headwinds" were used quite a bit throughout the conference call.
In any case, I think it's only prudent not to attempt to provide any sort of concrete guidance with recession headwinds up ahead. Despite the lack of guidance, management didn't leave investors in the dark.
CEO Tim Cook called for year-over-year sales growth to be "similar to the December quarter." Such words, I believe, set the bar quite low for the coming quarter and could set the stage to impress. He also stated that "from a supply chain point of view, we're now at a point where production is what we need it to be." That alone was likely enough to help Apple investors breathe a sigh of relief.
Apple: The Worst of the Production Issues May Have Passed
My takeaway from Cook's comments was that the worst of production headwinds may already be in the rearview mirror. Indeed, the next quarter could see iPhone revenue growth in the red. However, the second half could see Apple make up for lost time as production gets up to full speed while Apple users finally look to upgrade.
Indeed, Apple can afford to have some sizeable supply-side hiccups without losing too much business. At the end of the day, customer loyalty is unparalleled, with many Apple users that will opt not to switch to a competing product, even if it means having to endure longer wait times.
Lockdowns in China have weighed heavily on operations. Still, I am confident that Cook can promptly bring production back in order. The man is an operational genius who's effectively ironed out supply-chain wrinkles in the past.
Once Apple moves past the current barrage of headwinds, it'll likely be right back to gaining meaningful market share in the smartphone market again. Further, amping up efforts to expand into India, a market where Apple is reportedly enjoying double-digit growth, could help fuel such market gains.
Apple's Rough Quarter is Easy to Forgive
There's no question that Apple was up against it going into what many expected would be a rough quarter. Going into the quarter, estimates were muted, thanks in part to manufacturing woes from China's COVID-19 lockdowns, currency headwinds, and the weak macro environment. Still, Apple managed to miss the mark on both fronts. It wasn't a pretty scene initially. That said, Apple didn't fare too terribly, given how prominent the storm of headwinds was.
Upon the release of Apple's numbers, the immediate reaction was negative, with the stock falling around 5%-6% after hours before climbing higher, following some management commentary and time to digest the results.
The weakness was widespread across the board. iPad ($9.4 billion revenue) and services ($20.7 billion revenue) were bright spots, which managed to surpass estimates of $7.7 billion and $20.4 billion, respectively.
On a constant-currency basis, Apple noted that sales would have been up. As the strong U.S. dollar loses ground to global currencies, the currency headwind could turn into a tailwind for future quarters.
Is Apple 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 24 Buys and five Hold recommendations. The average Apple stock price target is $172.87, implying upside potential of 13.6%. Analyst price targets range from a low of $125.00 per share to a high of $210.00 per share.
Conclusion: AAPL Can Move on from a Rough 2022
Apple stock was a roller-coaster ride on earnings. However, looking ahead, operations should get smoother, and the much-anticipated reveal of a VR/AR headset could be a wild card. In any case, I think it's wise to stick with Apple following a forgivable and forgettable quarter.
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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Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Turning to Wall Street, AAPL stock comes in as a Strong Buy. Conclusion: AAPL Can Move on from a Rough 2022 Apple stock was a roller-coaster ride on earnings.
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Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Turning to Wall Street, AAPL stock comes in as a Strong Buy. Conclusion: AAPL Can Move on from a Rough 2022 Apple stock was a roller-coaster ride on earnings.
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Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Turning to Wall Street, AAPL stock comes in as a Strong Buy. Conclusion: AAPL Can Move on from a Rough 2022 Apple stock was a roller-coaster ride on earnings.
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Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Turning to Wall Street, AAPL stock comes in as a Strong Buy. Conclusion: AAPL Can Move on from a Rough 2022 Apple stock was a roller-coaster ride on earnings.
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17198.0
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2023-02-06 00:00:00 UTC
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See Which Of The Latest 13F Filers Holds Apple
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AAPL
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https://www.nasdaq.com/articles/see-which-of-the-latest-13f-filers-holds-apple-6
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nan
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nan
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At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2022 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 18 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in AAPL positions, for this latest batch of 13F filers:
FUND NEW POSITION? CHANGE IN SHARE COUNT CHANGE IN MARKET VALUE ($ IN 1000'S)
Goldstein Advisors LLC NEW +32,070 +$4,167
Ausdal Financial Partners Inc. Existing -6,166 -$1,672
GW Henssler & Associates Ltd. Existing +7,733 -$2,075
First Dallas Securities Inc. Existing +2,752 -$474
Oakworth Capital Inc. Existing -780 -$2,842
Markel Corp Existing UNCH -$9,981
Carlson Capital Management Existing -1,230 -$614
R.M.SINCERBEAUX Capital Management LLC Existing UNCH -$19
Blue Bell Private Wealth Management LLC Existing -920 -$265
Scharf Investments LLC Existing -867 -$281
Twin Lakes Capital Management LLC Existing +80 -$768
Parallel Advisors LLC Existing -3,877 -$5,766
Sentinel Pension Advisors Inc. Existing +175 -$69
Ramsay Stattman Vela & Price Inc. Existing +492 -$1,668
Martin & Co. Inc. TN Existing +933 -$422
New England Capital Financial Advisors LLC NEW +8,972 +$1,237
Mine & Arao Wealth Creation & Management LLC. Existing -11,986 -$2,306
Gradient Capital Advisors LLC Existing -1,550 -$1,079
Aggregate Change: +25,831 -$24,897
In terms of shares owned, we count 6 of the above funds having increased existing AAPL positions from 09/30/2022 to 12/31/2022, with 8 having decreased their positions and 2 new positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AAPL share count in the aggregate among all of the funds which held AAPL at the 12/31/2022 reporting period (out of the 2,418 we looked at in total). We then compared that number to the sum total of AAPL shares those same funds held back at the 09/30/2022 period, to see how the aggregate share count held by hedge funds has moved for AAPL. We found that between these two periods, funds increased their holdings by 12,345,312 shares in the aggregate, from 581,108,288 up to 593,453,600 for a share count increase of approximately 2.12%. The overall top three funds holding AAPL on 12/31/2022 were:
» FUND SHARES OF AAPL HELD
1. Fisher Asset Management LLC 59,874,884
2. Sumitomo Mitsui Trust Holdings Inc. 47,414,492
3. New York State Common Retirement Fund 27,275,122
4-10 Find out the full Top 10 Hedge Funds Holding AAPL »
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Apple Inc (Symbol: AAPL).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
ETF Fund Flows
Institutional Holders of ZBK
QABA 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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At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2022 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 18 of these funds. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Apple Inc (Symbol: AAPL). Below, let's take a look at the change in AAPL positions, for this latest batch of 13F filers:
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At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2022 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 18 of these funds. Existing -11,986 -$2,306 Gradient Capital Advisors LLC Existing -1,550 -$1,079 Aggregate Change: +25,831 -$24,897 In terms of shares owned, we count 6 of the above funds having increased existing AAPL positions from 09/30/2022 to 12/31/2022, with 8 having decreased their positions and 2 new positions. Below, let's take a look at the change in AAPL positions, for this latest batch of 13F filers:
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Existing -11,986 -$2,306 Gradient Capital Advisors LLC Existing -1,550 -$1,079 Aggregate Change: +25,831 -$24,897 In terms of shares owned, we count 6 of the above funds having increased existing AAPL positions from 09/30/2022 to 12/31/2022, with 8 having decreased their positions and 2 new positions. New York State Common Retirement Fund 27,275,122 4-10 Find out the full Top 10 Hedge Funds Holding AAPL » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2022 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 18 of these funds.
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Existing -11,986 -$2,306 Gradient Capital Advisors LLC Existing -1,550 -$1,079 Aggregate Change: +25,831 -$24,897 In terms of shares owned, we count 6 of the above funds having increased existing AAPL positions from 09/30/2022 to 12/31/2022, with 8 having decreased their positions and 2 new positions. New York State Common Retirement Fund 27,275,122 4-10 Find out the full Top 10 Hedge Funds Holding AAPL » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2022 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 18 of these funds.
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17199.0
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2023-02-06 00:00:00 UTC
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Validea Daily Guru Fundamental Report for AAPL - 2/6/2023
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AAPL
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https://www.nasdaq.com/articles/validea-daily-guru-fundamental-report-for-aapl-2-6-2023
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nan
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nan
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Below is Validea's daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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.
Company Description: Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company's products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.
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
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.
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 daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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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Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis 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 daily guru fundamental report for APPLE INC (AAPL). Of the twelve guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett.
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Of the twelve 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 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 daily guru fundamental report for APPLE INC (AAPL).
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Below is Validea's daily guru fundamental report for APPLE INC (AAPL). Of the twelve 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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