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17200.0	2023-02-06 00:00:00 UTC	3 Stocks to Avoid This Week	AAPL	https://www.nasdaq.com/articles/3-stocks-to-avoid-this-week-64	nan	nan	Wall Street moved sharply higher for the fourth trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- BuzzFeed, General Motors, and 1-800-Flowers.com -- plunged 45%, rose 8%, and soared 11%, respectively, averaging out to an 8.7% drop. The S&P 500 moved higher again, increasing 1.6% for the week. The market beat just one of the three, but BuzzFeed got clobbered. I was right. I have been correct in 44 of the past 68 weeks, or 65% of the time. Let's turn our attention to the week ahead. I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and 1-800-Flowers.com (NASDAQ: FLWS) as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three investments. 1. Tesla Motors There's no denying that Tesla's been a lead car in the latest market rally. The company that made electric vehicles cool is up a blistering 87% since bottoming out in early January. It's up in 10 of the past 11 trading days, and that included Friday, when the general market buckled. Elon Musk, take a bow. The concern is that investors are reacting to rhetoric instead of actions. Tesla spent December slashing prices on its cars to clear excess inventory, and it still fell short of Wall Street expectations for deliveries. Musk recently mentioned that demand was strong in January, but that came after a new series of price cuts. Image source: Getty Images. Tesla has the margin headroom to pull off these savage sticker price reductions. Bloated legacy automakers can't play that game. However, it doesn't mean Tesla won't suffer from friendly fire. The same analysts who thought Tesla could approach $6 in earnings per share this year just a few months ago are now looking for profit to clock in below $4 per share. Will Tesla turn heads at its investor day in March? Sure. The Cybertruck looks interesting, and hope springs eternal for Tesla to introduce a smaller car that's even cheaper than the Model 3 to crush the low end of the pricing market. Betting against Tesla for the long run is dangerous, but for the stock to take a breather after a seemingly unjustified 87% rally in just four weeks is perfectly natural. 2. Apple Apple fell short this past week of Wall Street's top- and bottom-line quarterly expectations. That's the consumer tech giant's first miss since 2016. The 6% year-over-year revenue decline ends a streak of 14 quarters of positive results, and Apple sees more of the same during the current quarter. Even the iPhone faltered, with the iconic smartphone experiencing an 8% dip in revenue. You may be wondering how far Apple dropped. Well, Apple stock actually rose on the news. Apple is a classic growth stock with a knack for pushing out disruptive products. Like Tesla, its long-term appeal is undeniably bullish. However, this wasn't a good report out of Cupertino. It wouldn't be a surprise if gravity finds Apple in the week ahead. 3. 1-800-Flowers.com Apple may have had a rough quarter, but 1-800-Flowers.com came through for its bouquet-clutching shareholders. It trounced analyst profit targets and landed just above top-line forecasts. The stock's 11% gain after last week's beat might be justified, but near-term prospects aren't bright. 1-800-Flowers.com sees a decline in revenue for the entire year. Consumers are paring back on discretionary spending, and that's going to leave a mark on the number of flower arrangements, cookies, popcorn tins, and berries that folks will be gifting for Valentine's Day later this month and beyond. It's not easy to beat the market when you're not at your best. If you're looking for safe stocks, you aren't likely to find them in Tesla Motors, Apple, and 1-800-Flowers.com this week. 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 Rick Munarriz has positions in Apple. The Motley Fool has positions in and recommends Apple 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.	I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and 1-800-Flowers.com (NASDAQ: FLWS) as stocks you might want to consider steering clear of this week. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- BuzzFeed, General Motors, and 1-800-Flowers.com -- plunged 45%, rose 8%, and soared 11%, respectively, averaging out to an 8.7% drop. The Cybertruck looks interesting, and hope springs eternal for Tesla to introduce a smaller car that's even cheaper than the Model 3 to crush the low end of the pricing market.	I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and 1-800-Flowers.com (NASDAQ: FLWS) as stocks you might want to consider steering clear of this week. Apple Apple fell short this past week of Wall Street's top- and bottom-line quarterly expectations. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.	I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and 1-800-Flowers.com (NASDAQ: FLWS) as stocks you might want to consider steering clear of this week. Apple Apple fell short this past week of Wall Street's top- and bottom-line quarterly expectations. If you're looking for safe stocks, you aren't likely to find them in Tesla Motors, Apple, and 1-800-Flowers.com this week.	I see Tesla Motors (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and 1-800-Flowers.com (NASDAQ: FLWS) as stocks you might want to consider steering clear of this week. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- BuzzFeed, General Motors, and 1-800-Flowers.com -- plunged 45%, rose 8%, and soared 11%, respectively, averaging out to an 8.7% drop. Apple Apple fell short this past week of Wall Street's top- and bottom-line quarterly expectations.
17201.0	2023-02-06 00:00:00 UTC	Why Taiwan Semiconductor Manufacturing Is Falling Today	AAPL	https://www.nasdaq.com/articles/why-taiwan-semiconductor-manufacturing-is-falling-today	nan	nan	What happened Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) were falling 4% in morning trading Monday at 10:37 a.m. on no company-specific news, but the stock has been on a tear so far this year, up 22% year to date. In a notable mention last week, Apple (NASDAQ: AAPL) CEO Tim Cook told analysts during the tech giant's fiscal first quarterearnings conference callthat the company was "all in" on being Taiwan Semiconductor's largest customer at its new Arizona facilities. Image source: Getty Images. So what Although Taiwan Semiconductor has been able to sidestep many of the supply chain snags that have embroiled other leading chipmakers, its own latest earnings report had the world's leading pure-play foundry saying weakening consumer demand could result in first-quarter revenue dropping as much as 5%, leading to cuts in this year's capital expenditures compared to a year ago. Where last year the chip industry was still grappling with a chip shortage, this year there is a glut of chips on the market. It comes as manufacturers work to respond to the shortage, but also as fears of a recession brought on by inflation, rising interest rates, and persistently elevated energy prices sap consumer demand for new technology. Now what Taiwan Semiconductor still sees itself as coming out ahead and stealing market share this year. CEO C. C. Wei foresees the chip industry as a whole falling in 2023, but Taiwan Semiconductor growing. The chipmaker continues its push for global expansion, including the two facilities in Arizona. One is expected to become operational next year, the second in 2026. 10 stocks we like better than Taiwan Semiconductor Manufacturing 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 Taiwan Semiconductor Manufacturing 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 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Taiwan Semiconductor Manufacturing. 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.	In a notable mention last week, Apple (NASDAQ: AAPL) CEO Tim Cook told analysts during the tech giant's fiscal first quarterearnings conference callthat the company was "all in" on being Taiwan Semiconductor's largest customer at its new Arizona facilities. It comes as manufacturers work to respond to the shortage, but also as fears of a recession brought on by inflation, rising interest rates, and persistently elevated energy prices sap consumer demand for new technology. Now what Taiwan Semiconductor still sees itself as coming out ahead and stealing market share this year.	In a notable mention last week, Apple (NASDAQ: AAPL) CEO Tim Cook told analysts during the tech giant's fiscal first quarterearnings conference callthat the company was "all in" on being Taiwan Semiconductor's largest customer at its new Arizona facilities. 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 and Taiwan Semiconductor Manufacturing.	In a notable mention last week, Apple (NASDAQ: AAPL) CEO Tim Cook told analysts during the tech giant's fiscal first quarterearnings conference callthat the company was "all in" on being Taiwan Semiconductor's largest customer at its new Arizona facilities. What happened Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) were falling 4% in morning trading Monday at 10:37 a.m. on no company-specific news, but the stock has been on a tear so far this year, up 22% year to date. So what Although Taiwan Semiconductor has been able to sidestep many of the supply chain snags that have embroiled other leading chipmakers, its own latest earnings report had the world's leading pure-play foundry saying weakening consumer demand could result in first-quarter revenue dropping as much as 5%, leading to cuts in this year's capital expenditures compared to a year ago.	In a notable mention last week, Apple (NASDAQ: AAPL) CEO Tim Cook told analysts during the tech giant's fiscal first quarterearnings conference callthat the company was "all in" on being Taiwan Semiconductor's largest customer at its new Arizona facilities. Where last year the chip industry was still grappling with a chip shortage, this year there is a glut of chips on the market. 10 stocks we like better than Taiwan Semiconductor Manufacturing When our award-winning analyst team has a stock tip, it can pay to listen.
17202.0	2023-02-06 00:00:00 UTC	The 3 Best Forever Stocks to Buy for February 2023	AAPL	https://www.nasdaq.com/articles/the-3-best-forever-stocks-to-buy-for-february-2023	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The past year has not been particularly kind to investors who suffered through an interest-rate-driven bear market. However, long-term investors know that bears are a normal part of the investing cycle. According to S&P Dow Jones Indices, since 1932, bear markets have occurred about every four years and eight months on average. Long-term investors also know that market downturns are a great time to load up on forever stocks at a discount. Forever stocks are established companies with great track records that have proven they can weather the ups and downs of the market and the economy. They have stable but growing businesses and deliver consistent returns for shareholders. In short, you won’t be losing any sleep over them. So, without further ado, here are the best forever stocks to buy this month. AAPL Apple $151.73 PEP PepsiCo $171.82 JNJ Johnson & Johnson $163.36 Apple (AAPL) Source: View Apart / Shutterstock.com Apple (NASDAQ:AAPL) reported its latest quarterly results after the close on Feb. 2, missing on both the top and bottom lines. Revenue was down 5% year over year — the first sales decline since 2019 and the biggest drop since 2016 — while iPhone sales fell 8%. But the bad news didn’t stop there. Earnings of $1.88 per share were 6 cents below expectations and management declined to provide a forecast for the current quarter. As CNBC reported, CEO Tim Cook cited a strong U.S. dollar, production issues in China and a challenging macroeconomic environment as the main reasons for the lackluster results. Of course, these issues are not unique to Apple, and Yahoo Finance Technology Editor Dan Howley argued that Apple’s earnings “were a lot better than they look.” Perhaps this is why APPL stock closed up 2.4% after delivering a rare earnings miss. Howley pointed to the fact that Apple’s install base is at an all-time high at 2 billion devices and is seeing sharp growth in emerging markets. Moreover, Apple’s services business is growing at a fast clip with 935 million paid subscribers across its services, up 19% from a year ago. Growth in Apple’s services segment should continue to help offset some of the slowdown in iPhone sales. Artificial intelligence may provide another growth driver for the company, including the semi-autonomous electric vehicle Apple is developing, with production possible in 2026. On the company’searnings call Cook called AI a “major focus” for the company, with Business Insider reporting that Apple’s website currently lists more than 100 machine learning and AI-related job postings. Apple will continue to face headwinds as the economy struggles to regain its footing. But can you really imagine a world in which Apple is not a leader in smartphones, computers, tablets, wearables, apps, etc.? I cannot. While the stock is up 17% year to date, it is down 11% over the past year and sits 17% below its all-time high. Thus, investors still have time to buy shares at a discount. Because, like my previous question, can you really imagine a world in which Apple’s share price is not higher 10 years from now than it is today? The answer is “no,” and that’s what makes it one of the top forever stocks to own. PepsiCo (PEP) Source: suriyachan / Shutterstock.com PepsiCo (NASDAQ:PEP) is another company that is hard to imagine faltering regardless of the broader economic environment. Founded in 1898, the company has weathered plenty of economic downturns in its 125-year history. And the snack and drink maker is navigating the current one with flying colors. In the third quarter of 2022, PepsiCo saw revenue jump 9% year over year to $21.97 billion, beating analysts’ estimates, while net income was up 21% to $2.7 billion. This was in spite of the fact that sales volumes declined by 1% from a year ago. This tells us that consumers have absorbed the company’s 17% price increases even as they look to limit spending. In another positive sign, the company recorded revenue increases across all geographic regions. PepsiCo is scheduled to report fourth-quarter results on Feb. 9. According to Zacks, the company is “well-poised for growth in the fourth quarter of 2022, driven by the resilience and strength of global beverage and convenient food businesses.” Zacks also expects “gains from improved pricing across all segments,” adding that the “bottom line is likely to reflect the continued benefits of the mitigation of inflationary pressures through cost-management and revenue-management initiatives.” Given PepsiCo’s reputation as a rock-solid consumer staples stock, shares are up 2.7% over the past 12 months and hit a record high as recently as mid-December. However, a rotation out of safety and into the risk-on trade in 2023 has PEP stock trading 8% below its all-time high. If the company delivers on earnings this week the way Zacks expects it to, shares could easily retest that high. Finally, PEP deserves a place in your portfolio of forever stocks due to the company’s reliable dividend. PepsiCo is one of the elite Dividend Kings, having raised its dividend for 50 consecutive years. Johnson & Johnson (J&J) Source: Alexander Tolstykh / Shutterstock.com Last but not least on today’s list of forever stocks to buy is Johnson & Johnson (NYSE:JNJ). The company is a household name whose products span medical devices, pharmaceuticals and consumer packaged goods. The company reported Q4 results on Jan. 24. While revenue and profits were lower on a year-over-year basis, they came in above estimates. And management offered up a better-than-expected operational earnings-per-share forecast of $10.40 and $10.60 for 2023 as well. Meanwhile, analysts are calling for revenue and earnings growth in the low single digits this year and next. Like PEP, JNJ is seen as a defensive play. So, it’s not surprising shares are down 7.5% so far in 2023 as investors turned their focus to riskier assets. However, the stock has held up much better than the broader market over the past year, declining just 2%. JNJ is not likely to deliver eye-popping gains. But it is likely to reliably grow its business and offer investors a safe haven in times of economic turbulence. Plus, it’s a solid dividend play. Shares throw off a 2.7% yield, and the company has raised its payout in each of the past 60 years. On the date of publication, Vandita Jadeja 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. The post The 3 Best Forever 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.	AAPL Apple $151.73 PEP PepsiCo $171.82 JNJ Johnson & Johnson $163.36 Apple (AAPL) Source: View Apart / Shutterstock.com Apple (NASDAQ:AAPL) reported its latest quarterly results after the close on Feb. 2, missing on both the top and bottom lines. As CNBC reported, CEO Tim Cook cited a strong U.S. dollar, production issues in China and a challenging macroeconomic environment as the main reasons for the lackluster results. Howley pointed to the fact that Apple’s install base is at an all-time high at 2 billion devices and is seeing sharp growth in emerging markets.	AAPL Apple $151.73 PEP PepsiCo $171.82 JNJ Johnson & Johnson $163.36 Apple (AAPL) Source: View Apart / Shutterstock.com Apple (NASDAQ:AAPL) reported its latest quarterly results after the close on Feb. 2, missing on both the top and bottom lines. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The past year has not been particularly kind to investors who suffered through an interest-rate-driven bear market. On the company’searnings call Cook called AI a “major focus” for the company, with Business Insider reporting that Apple’s website currently lists more than 100 machine learning and AI-related job postings.	AAPL Apple $151.73 PEP PepsiCo $171.82 JNJ Johnson & Johnson $163.36 Apple (AAPL) Source: View Apart / Shutterstock.com Apple (NASDAQ:AAPL) reported its latest quarterly results after the close on Feb. 2, missing on both the top and bottom lines. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The past year has not been particularly kind to investors who suffered through an interest-rate-driven bear market. According to Zacks, the company is “well-poised for growth in the fourth quarter of 2022, driven by the resilience and strength of global beverage and convenient food businesses.” Zacks also expects “gains from improved pricing across all segments,” adding that the “bottom line is likely to reflect the continued benefits of the mitigation of inflationary pressures through cost-management and revenue-management initiatives.” Given PepsiCo’s reputation as a rock-solid consumer staples stock, shares are up 2.7% over the past 12 months and hit a record high as recently as mid-December.	AAPL Apple $151.73 PEP PepsiCo $171.82 JNJ Johnson & Johnson $163.36 Apple (AAPL) Source: View Apart / Shutterstock.com Apple (NASDAQ:AAPL) reported its latest quarterly results after the close on Feb. 2, missing on both the top and bottom lines. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The past year has not been particularly kind to investors who suffered through an interest-rate-driven bear market. However, the stock has held up much better than the broader market over the past year, declining just 2%.
17203.0	2023-02-06 00:00:00 UTC	Week Ahead: Disney, Powell & Market Breakouts	AAPL	https://www.nasdaq.com/articles/week-ahead%3A-disney-powell-market-breakouts	nan	nan	The week of February 6 is going to be a light on the economic data front, but that shouldn’t prevent the market from making significant moves. With the flurry of important information that came out last week we are likely to see the market continue to react to a lot of that data in the coming days. Highlights for the week ahead include public statements from Fed Chair Powell, anticipated earnings from Disney DIS, jobless claim numbers, potentially some insights from Charlie Munger – and more. Last Week Recap Last week was particularly active for data, earnings, and news. The big news started midway through the week, when the Federal Reserve raised interest rates by 25 bps. Following that, big tech reported shaky earnings, citing macroeconomic conditions as the primary obstacle. Then Friday morning employment numbers came in extremely hot, and to top it off a Chinese spy bubble floated across the country before being shot down. The Federal Reserve raised the key federal funds rate by 0.25% to 450-475 bps in line with expectations. Chair Powell optimistically acknowledged the start of disinflation but was fairly measured, saying the committee will remain data dependent. A Chinese surveillance balloon was shot down by US military jets over the Atlantic Ocean. The balloon was first sighted Tuesday over Montana but was not shot down until Saturday. Earnings reports from Apple AAPL, Amazon AMZN, and Alphabet GOOGL all came in weak, mostly missing analyst expectations. Non-farm payroll data came in extremely hot showing 517,000 new jobs were created in January, significantly higher than the expected 187,000, bringing the Unemployment rate to 3.4%. The hot employment print shook investors and reversed much of the gains on the week. While Wall Street left Wednesday’s Fed meeting confident about future policy, the employment data renews fears of high inflation, and shifted fed fund futures expectations, increasing the odds of an additional rate hike in May from 30%-64%. Image Source: CME With less action this week, this should be a period where the market can really digest all the new information that just came out. Monday: Monday is light in terms of news, but overnight futures trading shows it may be a busy day. Futures indicate that equity indexes will be opening down -1%, and interest rates will be trading higher (bond prices lower). Notable Earnings: ATVI, SPG, CMI, TSN, PINS, L Tuesday: On Tuesday Jerome Powell will be giving a speech at the Economic Club of Washington. Wall street will be listening closely to see if he gives any further insight into what investors can expect for future interest rate policy. Expectations of rate cuts in 2023 are quickly falling, while fears of another spike in inflation are gaining traction. If Powell provides more clarity on these topics it could make for significant moves in the equity and bond markets. Additionally, Tuesday night President Biden will be addressing the country in his State of the Union speech. There have been whispers of him going after big tech in the speech, so headline risk is a possibility. There will also be data released for the US Trade Deficit and consumer credit. Notable Earnings: BP, KKR, CMG, TDG, ILMN, ENPH Wednesday: Wednesday there will be a number of public statements from members of the Federal Reserve including John Williams, Lisa Cook, Michael Barr, Raphael Bostic, Neel Kashkari, and Christopher Waller. The market will be looking for any clues on future interest rate policy, comments on the economy, employment and inflation expectations. Also Wednesday, Disney will be reporting its highly anticipated quarterly earnings. The report draws attention because of the very public drama Disney has attracted in recent months. After a couple very challenging years for the stock, CEO Bob Chapek was publicly criticized and dismissed by former CEO Bob Iger, who was reappointed. This action at Disney has drawn out activist investors, and Trian Partners' Nelson Peltz has launched a campaign for a seat on Disney’s board. Peltz, known for working with boards, rather than against them has a strong history of successful activist campaigns at some of the largest companies, including Procter and Gamble, Heinz and Dupont. Peltz has released his concerns for Disney, but the board continues to reject his efforts to join. Peltz believes there are three core areas where the board needs to fix Disney’s business. First, is capital expenditures. Overspending on new media assets has halved EPS since 2018, and eliminated Disney’s dividend payment. Second, he is directly critical of management’s succession planning, and “over-the-top” compensation. And lastly, Peltz is extremely critical of the streaming business. Considering the scale, history, and recognition of Disney’s media assets it surprising how terrible unit economics have been. Disney plus is projected to bring in $34 billion in revenue for FY25 and just $900 million in profit, while Netflix was able to generate $5.7 billion profit on $31.5 billion in revenue. Image Source: Zacks Investment Research Disney missed earnings by -40% last quarter and current quarter estimate have been lowered multiple times over the last 90 days from $1.06 to $0.69 per share. Zacks Expected Surprise Prediction is expecting a -3.4% miss. Disney will report after the market close. Image Source: Zacks Investment Research Notable Earnings: CVS, DIS, D, TEVA, CME, ORLY, MGM, UA Thursday: With inflation, growth and interest rates top of mind Thursday morning’s Initial Jobless Claims report should be highly scrutinized. After last week's extremely hot NFP report doused investors’ hopes for an early Fed pivot, we can expect bulls to look for numbers in line with expectations, while bears will be encouraged by another strong number. The stronger the employment situation, the stronger the economy, and if the economy remains strong, Fed officials are less likely to reduce interest rates in 2023. Notable Earnings: ABBV, PEP, AZN, PM, SPGI, PYPL, DUK, HLT, CNSWF, NET, EXPE Friday: For fans of legendary curmudgeon Charlie Munger, Friday should be fun. Daily Journal Corporation DJCO, a small American legal publication and technology company led by Warren Buffett’s right hand man Munger is reporting earnings on Friday. Munger known for his quick wit, and deep investing wisdom uses DJCO’s earnings periods for public comments, and investors are always keen to hear what Charlie has to say. Of particular interest will be what Munger has done with his shares in Alibaba BABA, which he bought in the DJCO treasury. The move has been criticized by investors because of the risks involved investing in Chinese securities. Also Friday morning there will be data released for Consumer Sentiment and Federal Budget balance. Notable Earnings: BTI, HMC, DJCO Wrap Things Up With Fed policy top of mind, and earnings pouring in this week should be a full of busy price action, and rapidly shifting investor sentiment. After breaking out of a multi-month downtrend last week on dovish Fed speak, bullishness around the stock market was palpable. But that sentiment was quickly reined in by the surprising NFP numbers. It will be extremely interesting to see how the narrative shifts this week in regard to future interest rate hikes, the economy and inflation. Whether the market re-test the breakout level, reverses creating a failed breakout, or just continues rallying we will find out this week. Image Source: Zacks Investment Research Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : 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.	Earnings reports from Apple AAPL, Amazon AMZN, and Alphabet GOOGL all came in weak, mostly missing analyst expectations. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. Highlights for the week ahead include public statements from Fed Chair Powell, anticipated earnings from Disney DIS, jobless claim numbers, potentially some insights from Charlie Munger – and more.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings reports from Apple AAPL, Amazon AMZN, and Alphabet GOOGL all came in weak, mostly missing analyst expectations. Highlights for the week ahead include public statements from Fed Chair Powell, anticipated earnings from Disney DIS, jobless claim numbers, potentially some insights from Charlie Munger – and more.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings reports from Apple AAPL, Amazon AMZN, and Alphabet GOOGL all came in weak, mostly missing analyst expectations. Image Source: Zacks Investment Research Notable Earnings: CVS, DIS, D, TEVA, CME, ORLY, MGM, UA Thursday: With inflation, growth and interest rates top of mind Thursday morning’s Initial Jobless Claims report should be highly scrutinized.	Earnings reports from Apple AAPL, Amazon AMZN, and Alphabet GOOGL all came in weak, mostly missing analyst expectations. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Daily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Expected Surprise Prediction is expecting a -3.4% miss.
17204.0	2023-02-06 00:00:00 UTC	'Call of Duty' steers Activision sales in tough quarter for game makers	AAPL	https://www.nasdaq.com/articles/call-of-duty-steers-activision-sales-in-tough-quarter-for-game-makers	nan	nan	Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. As inflation squeezes budgets of American households, more gamers are expected to stick to their favorite gaming franchises, instead of experimenting with newer titles from other studios, helping companies such as Activision, analysts have said. "Modern Warfare II" delivered the highest opening-quarter sell-through in the franchise's history and crossed the $1 billion mark within 10 days of its late-October launch, the company said. The company expects its full-year adjusted sales to grow at least in high-single digits, bolstered by the launch of games including "Diablo IV." Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' average estimate of $3.16 billion, according to Refinitiv data. Activision's upbeat results follow drab showings from rival Electronics Arts EA.O and Xbox maker Microsoft MSFT.O. Activision's $69-billion takeover by Microsoft is being challenged by the U.S. Federal Trade Commission and being investigated by EU authorities. Activision said the companies are continuing to engage with regulators reviewing the transaction. The end of Blizzard's long-term partnership with China's second-biggest gaming firm NetEase NTES.O will rescind gamers' access to the "World of Warcraft" game in the country until an alternative partnership is formed. That is expected to hit the U.S. company's net bookings by $250 million in fiscal 2023, Benchmark analyst Mike Hickey wrote in a note last month. Fourth quarter net income fell to $403 million, or 51 cents per share, from $564 million, or 72 cents per share, a year earlier. (Reporting by Chavi Mehta in Bengaluru; Editing by Anil D'Silva) ((Chavi.Mehta@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.	Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. As inflation squeezes budgets of American households, more gamers are expected to stick to their favorite gaming franchises, instead of experimenting with newer titles from other studios, helping companies such as Activision, analysts have said. "Modern Warfare II" delivered the highest opening-quarter sell-through in the franchise's history and crossed the $1 billion mark within 10 days of its late-October launch, the company said.	A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' average estimate of $3.16 billion, according to Refinitiv data. Fourth quarter net income fell to $403 million, or 51 cents per share, from $564 million, or 72 cents per share, a year earlier.	Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. As inflation squeezes budgets of American households, more gamers are expected to stick to their favorite gaming franchises, instead of experimenting with newer titles from other studios, helping companies such as Activision, analysts have said.	A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. As inflation squeezes budgets of American households, more gamers are expected to stick to their favorite gaming franchises, instead of experimenting with newer titles from other studios, helping companies such as Activision, analysts have said. Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' average estimate of $3.16 billion, according to Refinitiv data.
17205.0	2023-02-06 00:00:00 UTC	'Call of Duty' steers Activision sales in tough quarter for game makers	AAPL	https://www.nasdaq.com/articles/call-of-duty-steers-activision-sales-in-tough-quarter-for-game-makers-0	nan	nan	adds analyst comment, Take-Two results mention Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. Activision's results are a bright spot as some of its industry peers including Electronics Arts EA.O, Take-Two Interactive Software TTWO.Oand Xbox maker Microsoft MSFT.Ohave reported drab results. The video-gaming industry is feeling the squeeze of inflation as American households tighten their budgets. However, Activision has managed to largely avoid the issues plaguing the wider industry and keep the buzz around its news launches through its focus on building strong gaming franchises. "Our specialists have highlighted a flight to quality by gamers and that is what Activision Blizzard is experiencing," said Nicholas Cauley, an analyst at global research firm Third Bridge. Activision expects its full-year adjusted sales to grow at least in high-single digits, bolstered by the launch of games including "Diablo IV." Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' estimate of $3.16 billion, according to Refinitiv data. Activision's $69-billion takeover by Microsoft is being challenged by the U.S. Federal Trade Commission and being investigated by EU authorities. Activision said the companies are continuing to engage with regulators reviewing the transaction. Fourth quarter net income fell to $403 million, or 51 cents per share, from $564 million, or 72 cents per share, a year earlier. (Reporting by Chavi Mehta in Bengaluru; Editing by Anil D'Silva) ((Chavi.Mehta@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.	adds analyst comment, Take-Two results mention Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. However, Activision has managed to largely avoid the issues plaguing the wider industry and keep the buzz around its news launches through its focus on building strong gaming franchises. "Our specialists have highlighted a flight to quality by gamers and that is what Activision Blizzard is experiencing," said Nicholas Cauley, an analyst at global research firm Third Bridge.	adds analyst comment, Take-Two results mention Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. Adjusted sales in the quarter ended Dec. 31 came in at $3.57 billion, compared with analysts' estimate of $3.16 billion, according to Refinitiv data. Fourth quarter net income fell to $403 million, or 51 cents per share, from $564 million, or 72 cents per share, a year earlier.	adds analyst comment, Take-Two results mention Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. Activision's results are a bright spot as some of its industry peers including Electronics Arts EA.O, Take-Two Interactive Software TTWO.Oand Xbox maker Microsoft MSFT.Ohave reported drab results. Activision expects its full-year adjusted sales to grow at least in high-single digits, bolstered by the launch of games including "Diablo IV."	adds analyst comment, Take-Two results mention Feb 6 (Reuters) - Videogame publisher Activision Blizzard ATVI.O beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its "Call of Duty" franchise. A string of launches in October and November, including "Call of Duty: Modern Warfare II", "Warzone 2.0" and "World of Warcraft: Dragonflight" from the fantastical world of "Azeroth", helped the company hold the attention of the gaming community. The video-gaming industry is feeling the squeeze of inflation as American households tighten their budgets.
17206.0	2023-02-06 00:00:00 UTC	Time to Buy PayPal Stock Before Earnings?	AAPL	https://www.nasdaq.com/articles/time-to-buy-paypal-stock-before-earnings	nan	nan	With the Internet-Software Industry currently in the top 28% of over 250 Zacks Industries one stock investors will be paying close attention to is PayPal (PYPL) which is set to report its fourth-quarter earnings on Thursday, February 9 and still trades 36% from its 52-highs. Let’s take a look at what’s going on with PayPal stock heading into the quarterly report. Overview & Momentum PayPal stock has rallied of late along with the broader technology sector to start the year on the prospects of easing inflation and a less hawkish fed. Investors are certainly intrigued by the possibility of more upside for the online payment solutions provider despite increased competition from Alphabet’s (GOOGL) Google Pay and Apple’s (AAPL) Apple Pay among other services such as Block’s (SQ) Square and Cash App. While PayPal doesn’t have quite the reach as some of the big tech conglomerates, PYPL stock had been a darling on Wall Street in recent years for its specific niche of enabling secure transactions for both customers and merchants with the company also offering peer-to-peer payment services through its Venmo platform. Furthermore, among the broader technology rally to start the new year, PayPal stock is up +15% year to date to roughly match Alphabet and Apple’s performances and top the Nasdaq’s +13% and the broader S&P 500’s +8% while only trailing Block’s +31%. Image Source: Zacks Investment Research Quarterly Estimates The Zacks Consensus for PayPal’s Q4 earnings is $1.19 per share, which would be a 7% increase from Q4 2021 EPS of $1.11. Also, with the Most Accurate Consensus at $1.21 per share, this indicates that PayPal could beat bottom-line expectations by 1.61%. On the top line, Q4 sales are forecasted to be $7.39 billion, up 7% from the prior year quarter. Image Source: Zacks Investment Research Overall, PayPal earnings are now expected to dip -11% to round out FY22 but rebound and climb 17% in FY23 at $4.77 per share. Earnings estimate revisions have slightly gone up for FY22 but have moderately declined for FY23 over the last quarter. Sales are forecasted to be up 8% for FY22 and rise another 8% in FY23 to $29.66 billion. More impressive, Fiscal 2023 sales would represent 92% growth over the last five years with 2018 sales at $15.45 billion. This shows that PayPal is still expanding despite increasing competition from Alphabet, Apple, and Block although PYPL’s growth rate is much slower than in the past. Image Source: Zacks Investment Research Valuation & Historical Performance Over the last year, PayPal stock is still down -32% to trail Apple’s -11%, Blocks -20%, and Alphabet’s -26%, and only Apple has outpaced the Nasdaq’s -15% with the majority of tech stocks trailing the S&P 500’s -9%. In the last decade, PayPal’s +123% also lags its closest payment solution competitors as well as the Nasdaq and Benchmark. Image Source: Zacks Investment Research Still, after last year’s drop PayPal’s valuation indicates PYPL stock could have a considerable amount of upside. At around $82 per share, PYPL trades at 22.4X forward earnings which is 74% below its decade high of 87.8X and a 49% discount to the median of 44.1X. Plus, this is well below the Internet Software Industry average of 58.3X and closer to the broader S&P 500’s 18.9X. Takeaway Although there is increasing competition from other payment solution providers, PayPal still controls the majority of the market and this alone could lead to more upside in the stock as reflected in the company’s solid top-line growth. With the broader technology sector as a whole still dealing with economic headwinds in correlation with higher inflation and operating costs, PYPL stock lands a Zacks Rank #3 (Hold) as the guidance the company provides in its fourth-quarter report will be crucial to further upside in the stock. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Block, Inc. (SQ) : 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.	Investors are certainly intrigued by the possibility of more upside for the online payment solutions provider despite increased competition from Alphabet’s (GOOGL) Google Pay and Apple’s (AAPL) Apple Pay among other services such as Block’s (SQ) Square and Cash App. Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Overview & Momentum PayPal stock has rallied of late along with the broader technology sector to start the year on the prospects of easing inflation and a less hawkish fed.	Investors are certainly intrigued by the possibility of more upside for the online payment solutions provider despite increased competition from Alphabet’s (GOOGL) Google Pay and Apple’s (AAPL) Apple Pay among other services such as Block’s (SQ) Square and Cash App. Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Quarterly Estimates The Zacks Consensus for PayPal’s Q4 earnings is $1.19 per share, which would be a 7% increase from Q4 2021 EPS of $1.11.	Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are certainly intrigued by the possibility of more upside for the online payment solutions provider despite increased competition from Alphabet’s (GOOGL) Google Pay and Apple’s (AAPL) Apple Pay among other services such as Block’s (SQ) Square and Cash App. Furthermore, among the broader technology rally to start the new year, PayPal stock is up +15% year to date to roughly match Alphabet and Apple’s performances and top the Nasdaq’s +13% and the broader S&P 500’s +8% while only trailing Block’s +31%.	Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are certainly intrigued by the possibility of more upside for the online payment solutions provider despite increased competition from Alphabet’s (GOOGL) Google Pay and Apple’s (AAPL) Apple Pay among other services such as Block’s (SQ) Square and Cash App. Image Source: Zacks Investment Research Quarterly Estimates The Zacks Consensus for PayPal’s Q4 earnings is $1.19 per share, which would be a 7% increase from Q4 2021 EPS of $1.11.
17207.0	2023-02-06 00:00:00 UTC	This 11% Dividend Stock Has 11%+ Upside, Too	AAPL	https://www.nasdaq.com/articles/this-11-dividend-stock-has-11-upside-too	nan	nan	gory> https://contrarianoutlook.com/?p=25699 We've seen a big bounce (and 12%+ dividends!) in one particular type of closed-end fund (CEF) this year--and all of my buy indicators suggest this profitable play is still in its early stages. Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too. You and I know that both of these things are unheard of in the world of "regular" stocks and funds. Big discounts: This fund sports a 12.2% discount to net asset value (NAV)--CEF-speak for saying that we'll pay just 88 cents for every dollar of its assets! The fund is called the BlackRock Science & Technology Trust II (BSTZ). We'll get to the "II" part in a moment. But first, it's worth stopping to consider what this fund has accomplished just one month into 2023: Big Gains in Short Order Then there's the dividend payout, which amounts to more than $100 per month for every $10,000 invested. We've got more upside potential with BSTZ, too. Because unlike an ETF, this fund has two ways to deliver price gains: through the appreciation of its portfolio--which is still undervalued, due to last year's selloff--and its 12% discount to NAV. As that discount narrows (and flips to a premium; likely, in my view), it'll pull the price higher. But Is That 12.1% Dividend Sustainable? It's always a good idea to question a yield this high, so let's go ahead and pull apart the elements that support it. BSTZ is a relatively new fund, having been launched in June 2019, so we don't have a lot to go on with regard to its history, but it has raised dividends three times since inception (once in 2020 and twice in 2021, plus a nice special dividend that same year). That's a great start. And there are other signs that we can trust BSTZ's dividend. While the fund lacks a long track record, its older sibling, the BlackRock Science and Technology Trust (BST), has been increasing payouts for nearly a decade while also offering the odd special dividend (see the orange line below). BSTZ's Older Sibling Paints a Rosy Payout Picture That is our first clue that BSTZ's payout is sustainable: both funds are managed by the same group, and BST's history of responsible payout increases should indicate that BSTZ's future payouts will likely go up, not down. And our second clue is even more compelling. Huge Gains Help Sustain BSTZ's Dividend Since BST's portfolio has nearly tripled in less than a decade--even after the big tech selloff of 2022--the fund has built up enough profits to sustain payouts for many years to come. This isn't surprising given its portfolio. Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. They're also BST's top positions, and these, in addition to the fund's investments across the tech world, caused the line in the chart above to go up and to the right for years. While it doesn't necessarily follow that BSTZ can do the same, this is one more encouraging sign. A Quick Guide to Sustainable CEF Dividends There's another strategy you can use to see if a CEF's payouts are likely to stay where they are or go up, or if there's a risk of a dividend cut. The key is to look back at the fund's long-term total NAV return (or the return of its underlying portfolio, including dividends) and compare it to the fund's payout. This calculation is a good first step in determining whether a CEF can maintain its current payout level. This Chart Is the Key to BSTZ's Dividend Future Since inception, and after the worst decline in tech stocks since the Great Recession, BSTZ's 8.7% average annual total NAV return suggests a sustainable 8.7% yield on NAV. Don't sound the alarm bells yet! Because BSTZ's 12.1% yield is based on its (discounted) market price. And the fund's 12% discount means that, based on per-share NAV, BSTZ's yield on NAV (or what management needs to make in the market to hand us its 12.1% yield on market price) is just 10.6%, which is easier to get than 12.1%. Now let's assume that 2022's bear market was an aberration--a very realistic assumption, as tech continues to drive every aspect of our lives and will continue to do so for decades to come. That makes BSTZ's 12.1% yield extremely stable: before 2022, its annualized return was 38.9%, or more than triple its current yield. My CEF Insider Service Gives You the Safest 8%+ Yields in CEFs (in just a few clicks) The only snag here is that details like the yield on NAV and long-term NAV returns aren't easy to get on your own--which is why we created our CEF Insider service. Using proprietary fund screeners and analyzers, I do these calculations for you and instantly let you know when a CEF buying opportunity comes our way--and if a CEF's payout is weakening and the fund needs to be sold. To see if CEF Insider is right for you, I'm inviting you to road test it for 60 days at no risk whatsoever. Stick around for our next new picks, peruse the portfolio (which currently boasts an average yield north of 9%!) and follow the funds that appeal to you. If you're not satisfied, no problem. Just let me know during your 60-day trial and you'll get a full refund. No questions asked. I'll also include a Special Report naming 5 of my top CEFs to buy now. Taken together, these 5 funds yield 9.1%. And with the discounts they're offering, I'm calling for 20%+ price upside in the next 12 months. Click here and I'll reveal my full CEF-investing strategy, let you try CEF Insider risk-free for 60 days and show you how to download your FREE Special Report featuring those five 9.1%-yielding CEFs! NASDAQ:AAPLNYSE:BSTNYSE:BSTZhttp://www.dividendchannel.com/article/202302/buying-this-fund-is-like-buying-apple-with-a-12-1-dividend-aapl-bst-bstz-contrarianoutlook25699 Mon, 06 Feb 2023 14:30:03 GMT202302contrarianoutlook25699We've seen a big bounce (and 12%+ dividends!) in one particular type of closed-end fund (CEF) this year--and all of my buy indicators suggest this profitable play is still in its early stages. Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too. You and I know that both of these things are unheard of in the world of "regular" stocks and funds. Big discounts: This fund sports a 12.2% discount to net asset value (NAV)--CEF-speak for saying that we'll pay just 88 cents for every dollar of its assets! The fund is called the BlackRock Science & Technology Trust II (BSTZ). We'll get to the "II" part in a moment. But first, it's worth stopping to consider what this fund has accomplished just one month into 2023: Big Gains in Short Order Then there's the dividend payout, which amounts to more than $100 per month for every $10,000 invested. We've got more upside potential with BSTZ, too. Because unlike an ETF, this fund has two ways to deliver price gains: through the appreciation of its portfolio--which is still undervalued, due to last year's selloff--and its 12% discount to NAV. As that discount narrows (and flips to a premium; likely, in my view), it'll pull the price higher. But Is That 12.1% Dividend Sustainable? It's always a good idea to question a yield this high, so let's go ahead and pull apart the elements that support it. BSTZ is a relatively new fund, having been launched in June 2019, so we don't have a lot to go on with regard to its history, but it has raised dividends three times since inception (once in 2020 and twice in 2021, plus a nice special dividend that same year). That's a great start. And there are other signs that we can trust BSTZ's dividend. While the fund lacks a long track record, its older sibling, the BlackRock Science and Technology Trust (BST), has been increasing payouts for nearly a decade while also offering the odd special dividend (see the orange line below). BSTZ's Older Sibling Paints a Rosy Payout Picture That is our first clue that BSTZ's payout is sustainable: both funds are managed by the same group, and BST's history of responsible payout increases should indicate that BSTZ's future payouts will likely go up, not down. And our second clue is even more compelling. Huge Gains Help Sustain BSTZ's Dividend Since BST's portfolio has nearly tripled in less than a decade--even after the big tech selloff of 2022--the fund has built up enough profits to sustain payouts for many years to come. This isn't surprising given its portfolio. Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. They're also BST's top positions, and these, in addition to the fund's investments across the tech world, caused the line in the chart above to go up and to the right for years. While it doesn't necessarily follow that BSTZ can do the same, this is one more encouraging sign. A Quick Guide to Sustainable CEF Dividends There's another strategy you can use to see if a CEF's payouts are likely to stay where they are or go up, or if there's a risk of a dividend cut. The key is to look back at the fund's long-term total NAV return (or the return of its underlying portfolio, including dividends) and compare it to the fund's payout. This calculation is a good first step in determining whether a CEF can maintain its current payout level. This Chart Is the Key to BSTZ's Dividend Future Since inception, and after the worst decline in tech stocks since the Great Recession, BSTZ's 8.7% average annual total NAV return suggests a sustainable 8.7% yield on NAV. Don't sound the alarm bells yet! Because BSTZ's 12.1% yield is based on its (discounted) market price. And the fund's 12% discount means that, based on per-share NAV, BSTZ's yield on NAV (or what management needs to make in the market to hand us its 12.1% yield on market price) is just 10.6%, which is easier to get than 12.1%. Now let's assume that 2022's bear market was an aberration--a very realistic assumption, as tech continues to drive every aspect of our lives and will continue to do so for decades to come. That makes BSTZ's 12.1% yield extremely stable: before 2022, its annualized return was 38.9%, or more than triple its current yield. My CEF Insider Service Gives You the Safest 8%+ Yields in CEFs (in just a few clicks) The only snag here is that details like the yield on NAV and long-term NAV returns aren't easy to get on your own--which is why we created our CEF Insider service. Using proprietary fund screeners and analyzers, I do these calculations for you and instantly let you know when a CEF buying opportunity comes our way--and if a CEF's payout is weakening and the fund needs to be sold. To see if CEF Insider is right for you, I'm inviting you to road test it for 60 days at no risk whatsoever. Stick around for our next new picks, peruse the portfolio (which currently boasts an average yield north of 9%!) and follow the funds that appeal to you. If you're not satisfied, no problem. Just let me know during your 60-day trial and you'll get a full refund. No questions asked. I'll also include a Special Report naming 5 of my top CEFs to buy now. Taken together, these 5 funds yield 9.1%. And with the discounts they're offering, I'm calling for 20%+ price upside in the next 12 months. Click here and I'll reveal my full CEF-investing strategy, let you try CEF Insider risk-free for 60 days and show you how to download your FREE Special Report featuring those five 9.1%-yielding CEFs! Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. While the fund lacks a long track record, its older sibling, the BlackRock Science and Technology Trust (BST), has been increasing payouts for nearly a decade while also offering the odd special dividend (see the orange line below).	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. While the fund lacks a long track record, its older sibling, the BlackRock Science and Technology Trust (BST), has been increasing payouts for nearly a decade while also offering the odd special dividend (see the orange line below).	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. My CEF Insider Service Gives You the Safest 8%+ Yields in CEFs (in just a few clicks) The only snag here is that details like the yield on NAV and long-term NAV returns aren't easy to get on your own--which is why we created our CEF Insider service.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. That is our first clue that BSTZ's payout is sustainable: both funds are managed by the same group, and BST's history of responsible payout increases should indicate that BSTZ's future payouts will likely go up, not down.
17208.0	2023-02-06 00:00:00 UTC	META & CVX Buybacks: Who Benefits Most?	AAPL	https://www.nasdaq.com/articles/meta-cvx-buybacks%3A-who-benefits-most	nan	nan	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 AAPL has repurchased more than half a trillion worth of its own shares. The results speak for themselves. Image Source: Zacks Investment Research 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 META and Chevron CVX 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. Image Source: Zacks Investment Research 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 the 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 benefitted 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. Image Source: Zacks Investment Research 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. Image Source: Zacks Investment Research For these reasons, META is more likely to benefit in the coming months than CVX from its recent buyback. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For example, over the past decade, Apple AAPL has repurchased more than half a trillion worth of its own shares. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. · Have skin in the game: When a company buys back shares, it signals that management has confidence in the future.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For example, over the past decade, Apple AAPL has repurchased more than half a trillion worth of its own shares. Image Source: Zacks Investment Research 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.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. For example, over the past decade, Apple AAPL has repurchased more than half a trillion worth of its own shares. Image Source: Zacks Investment Research 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.	For example, over the past decade, Apple AAPL has repurchased more than half a trillion worth of its own shares. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. (CVX has raised its dividend for 36 years straight) Meta Platforms META and Chevron CVX couldn’t be on further ends of the spectrum in terms of their underlying businesses and stocks.
17209.0	2023-02-06 00:00:00 UTC	1 Supercharged Nasdaq Stock to Buy Hand Over Fist Before It Jumps Higher	AAPL	https://www.nasdaq.com/articles/1-supercharged-nasdaq-stock-to-buy-hand-over-fist-before-it-jumps-higher	nan	nan	Technology stocks made a solid comeback on the market to begin 2023 after a terrible time over the past year. The Nasdaq-100 Technology Sector index clocked 21% gains so far this year on the back of cooling inflation and the possibility of a potential bull market. This potentially emerging tech rally rubbed off positively on shares of Skyworks Solutions (NASDAQ: SWKS), a chipmaker that is reliant on smartphone suppliers, especially Apple (NASDAQ: AAPL), for a major chunk of its revenue. Skyworks stock is up close to 22% this year, handsomely crushing the broader market in 2023. It wouldn't be surprising to see the stock head higher as the year progresses. More importantly, Skyworks is a screaming buy despite its solid rally this year. Let's look at the reasons why investors may want to buy this chipmaker's stock hand over fist right now. Looking past Skyworks Solutions' near-term challenges Trading at 14.5 times trailing earnings and 11 times forward earnings, Skyworks stock looks like a steal right now, especially considering that its fortunes are expected to turn around later in the year. IDC estimates that smartphone sales were down 11.3% in 2022 to 1.2 billion units. The fourth quarter of 2022 was especially tough for smartphone OEMs (original equipment manufacturers) as shipments plunged 18.3% over the prior-year period. Not surprisingly, Skyworks' forecast for the first quarter of fiscal 2023 (which ended in December 2022) was a poor one. The company expects $1.32 billion in revenue for the previous quarter, which would translate into a 12.6% decline over the year-ago period. Earnings are expected to drop to $2.59 per share from $3.14 per share in the prior-year period. For fiscal 2023, analysts anticipate Skyworks' top line to contract 7.2% to $5.09 billion, while earnings could drop to $9.82 per share from $11.24 per share in fiscal 2022. The mobile business accounts for 64% of Skyworks' top line, which explains why the chipmaker issued a tepid forecast and Wall Street isn't upbeat about its prospects in the current fiscal year. However, IDC expects the global smartphone market to stage a recovery in 2023 with an estimated increase of 2.8% in shipments this year. More specifically, the market is expected to start recovering in the middle of 2023 and grow in the second half. Apple's fortunes are going to play a major role in Skyworks' turnaround. That's because the iPhone maker produced 58% of the chipmaker's revenue last fiscal year. IDC expects shipments of iPhones will increase to 233.5 million units in 2023. That would be an improvement over the 226 million devices that Apple shipped in 2022. Moreover, the growing adoption of 5G smartphones should be another catalyst for Skyworks. It is estimated that 5G smartphones could account for 69% of overall smartphone sales this year, up from 52% in 2022. As 5G smartphones carry significantly more radio frequency (RF) chips, which Skyworks sells, the increase in sales of these devices should give a lift to the chipmaker's business. It also helps that Skyworks' largest customer, Apple, is the dominant force in 5G smartphones, as it controls nearly a third of this space. Considering that Apple is sitting on a lot of room for growth in the smartphone segment, especially in emerging markets, Skyworks' largest customer could turn out to be a solid long-term catalyst. The big picture is positive The smartphone market is facing challenging times right now, but they are unlikely to last forever. Ericsson estimates that global 5G subscriptions could jump to 5 billion by 2028 from 1 billion at the end of 2022. So Skyworks' addressable market is expected to grow substantially in the long run, and the company's relationships with major smartphone OEMs that use its 5G platform should help it tap that fast-growing market. All this explains why Skyworks' earnings are expected to increase at an annual rate of 15% for the next five years, an improvement over the 12% annual growth it clocked in the last five. Throw in the fact that Skyworks sports an attractive dividend yield of 2.25% and a low payout ratio of 22%, and investors have another good reason to buy the stock. The chipmaker has been increasing its dividend annually for the past eight years, and the potential earnings growth suggests that the payout could head higher. In all, it looks like investors are getting a good deal on this semiconductor stock right now, and they may want to grab it before it heads higher. 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 January 9, 2023 Harsh Chauhan has no position in any of the stocks mentioned. 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	This potentially emerging tech rally rubbed off positively on shares of Skyworks Solutions (NASDAQ: SWKS), a chipmaker that is reliant on smartphone suppliers, especially Apple (NASDAQ: AAPL), for a major chunk of its revenue. The mobile business accounts for 64% of Skyworks' top line, which explains why the chipmaker issued a tepid forecast and Wall Street isn't upbeat about its prospects in the current fiscal year. As 5G smartphones carry significantly more radio frequency (RF) chips, which Skyworks sells, the increase in sales of these devices should give a lift to the chipmaker's business.	This potentially emerging tech rally rubbed off positively on shares of Skyworks Solutions (NASDAQ: SWKS), a chipmaker that is reliant on smartphone suppliers, especially Apple (NASDAQ: AAPL), for a major chunk of its revenue. Looking past Skyworks Solutions' near-term challenges Trading at 14.5 times trailing earnings and 11 times forward earnings, Skyworks stock looks like a steal right now, especially considering that its fortunes are expected to turn around later in the year. The chipmaker has been increasing its dividend annually for the past eight years, and the potential earnings growth suggests that the payout could head higher.	This potentially emerging tech rally rubbed off positively on shares of Skyworks Solutions (NASDAQ: SWKS), a chipmaker that is reliant on smartphone suppliers, especially Apple (NASDAQ: AAPL), for a major chunk of its revenue. Looking past Skyworks Solutions' near-term challenges Trading at 14.5 times trailing earnings and 11 times forward earnings, Skyworks stock looks like a steal right now, especially considering that its fortunes are expected to turn around later in the year. So Skyworks' addressable market is expected to grow substantially in the long run, and the company's relationships with major smartphone OEMs that use its 5G platform should help it tap that fast-growing market.	This potentially emerging tech rally rubbed off positively on shares of Skyworks Solutions (NASDAQ: SWKS), a chipmaker that is reliant on smartphone suppliers, especially Apple (NASDAQ: AAPL), for a major chunk of its revenue. Technology stocks made a solid comeback on the market to begin 2023 after a terrible time over the past year. The Motley Fool has positions in and recommends Apple.
17210.0	2023-02-06 00:00:00 UTC	Here’s the Silver Lining with Snap Stock Earnings Collapse	AAPL	https://www.nasdaq.com/articles/heres-the-silver-lining-with-snap-stock-earnings-collapse	nan	nan	Social media platform Snap Inc. (NYSE: SNAP) stock took a (-15%) dive on its fiscal Q4 2022 earnings release. Its report had few optimistic highlights as it continues to suffer from the slump in global digital advertising. Its average revenue per user (ARPU) continues to slide from the year-ago period despite rising daily active users (DAUs). Like Roblox Co. (NASDAQ: RBLX), Snapchat is seeing more traffic but less spending. Bulls argue that the growing MAU sets up the ARPU to snap back quicker on a larger scale when the digital advertising market rebounds. Snap also remains the cheapest large-scale publicly traded social media platform next to social commerce platform Pinterest Inc. (NASDAQ: PINS) for a potential acquisition since 90% of 13 to 24 year old are active users. The potential for a federal TikTok ban or a ban from app stores is another catalyst for a significant price spike in shares. Growth Engine Backfiring On Jan. 31, 2022, Snap released its fiscal fourth-quarter 2022 results for the quarter ending Dec 2022. The Company reported an adjusted earnings-per-share (EPS) profit of $0.14, excluding non-recurring items, versus consensus analyst estimates of $0.12, beating estimates by $0.09. Adjusted EBITDA fell (31%) to $212 million and 16% margin. Revenues rose 0.1% year-over-year (YOY) to $1.3 billion, missing analyst estimates of $1.31 billion. DAUs rose 17% YoY and 4% quarter-over-quarter (QoQ) to 375 million. DAUs rose sequentially YoY in North America, Europe, and the rest of the world. Time spent watching Spotlight rose 10% YoY, and 17 content providers had more than 50 million global viewers each. Snapchat+ hit over $2 million subscribers. An average of 250 million Snapchat users use augmented reality (AR) daily. The Company will continue investing in AR's future to expand its leadership position. More DAU Growth by Less ARPU Breakdown While Europe and the rest of the world are experiencing the fastest growth compared to North America, the ARPU is $2.90 versus $0.80 and $0.40 in Europe and the rest of the world, respectively. The DAUs in North America was 100 million, up 3% YoY with an ARPU of $2.90, down (-7%) YoY. Europe saw 92 million DAUs, up 12% YoY, and an ARPU of $0.80. In the rest of the world (ROW), Snapchat saw 183 million users, up 31% YoY with an ARPU of $0.40. Erasing the Bar Rather than cutting guidance, Snap opted not to provide revenue or EBITDA guidance altogether for fiscal Q1 2023 based on an uncertain economic climate. It did note that its Q1 2024 internal forecast is for revenues to fall between (-10%) to (-2%) in the quarter. This didn’t help investor sentiment and caused shares to sink on the news. CEO Comments Snap CEO Even Spiegel said, "We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.” In the conference call, he explained that they focused on three strategic priorities. These are to grow its community, deepen engagement with its products, and accelerate and diversify topline growth while continuing to invest in augmented reality. He did note the rapid deceleration in digital advertising growth. The Company had a tough year impacted by competition, platform policy changes, and macroeconomic headwinds. Stock-Based Compensation The Company continues to dilute shareholders with its stock-based compensation as share bonus expense was $451 million in the quarter, nearly 35% of total revenues. On the flip side, many of those expenses are related to sharing grants issued at $70 per share, which would overstate the expenses under GAAP reporting. However, the Company offset the dilution with its $500 million stock buyback program. Senator Asks Apple and Google to Ban TikTok App On Feb. 2, 2023, Colorado Senator Michael Bennett took to a big step forward by writing a formal letter to both Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), and Sundar Pichai, CEO of Alphabet Inc. (NASDAQ: GOOGL) owned Google to ban the TikTok app from its app stores. He cited data privacy and national security concerns. He noted that TikTok is the third-most used social media app in the U.S., with 61 percent of Americans ages 12 to 34 using TikTok. The average users spend 80 minutes daily on the app, more than Meta Platforms Inc. (NASDAQ: META), Facebook, and Instagram combined. He stated that Chinese law mandates companies like its parent ByteDance to "support, assist, and cooperate with state intelligence work." ByteDance has had a history of aggressive data collection practices. This could lead to the weaponizing of the app to influence its users. He noted that 27 state governments had passed full or partial bans on the app. He concluded his letter, "Given these grave and growing concerns, I ask that you remove TikTok from your respective app stores immediately." Both Companies have yet to respond. A federal TikTok ban or removal from the two dominant app stores could increase Snap shares. Livermore Cylinder Pattern Despite the adverse reaction to its Q4 2022 earnings, SNAP shares bottomed out at $9.85 and rebounded sharply off that level. The weekly market structure low (MSL) trigger at $8.96 was left intact. SNAP bounced back up through the weekly 20-period exponential moving average (EMA) support at $10.73. The weekly stochastic continued its rising higher. More notably, SNAP formed a rare bullish Livermore cylinder pattern, named after the iconic stock trader Jesse Livermore. A Livermore cylinder is an accumulation pattern where prices chop back and forth between rising, widening, and non-parallel trendlines as the volume increases. This zig-zag action continues until the price eventually explodes through the upper trendline to new swing highs. Pullback supports sit at $10.47, $9.85, $9.34, $8.96 weekly MSL trigger, and $8.52. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Senator Asks Apple and Google to Ban TikTok App On Feb. 2, 2023, Colorado Senator Michael Bennett took to a big step forward by writing a formal letter to both Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), and Sundar Pichai, CEO of Alphabet Inc. (NASDAQ: GOOGL) owned Google to ban the TikTok app from its app stores. Bulls argue that the growing MAU sets up the ARPU to snap back quicker on a larger scale when the digital advertising market rebounds. These are to grow its community, deepen engagement with its products, and accelerate and diversify topline growth while continuing to invest in augmented reality.	Senator Asks Apple and Google to Ban TikTok App On Feb. 2, 2023, Colorado Senator Michael Bennett took to a big step forward by writing a formal letter to both Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), and Sundar Pichai, CEO of Alphabet Inc. (NASDAQ: GOOGL) owned Google to ban the TikTok app from its app stores. An average of 250 million Snapchat users use augmented reality (AR) daily. Stock-Based Compensation The Company continues to dilute shareholders with its stock-based compensation as share bonus expense was $451 million in the quarter, nearly 35% of total revenues.	Senator Asks Apple and Google to Ban TikTok App On Feb. 2, 2023, Colorado Senator Michael Bennett took to a big step forward by writing a formal letter to both Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), and Sundar Pichai, CEO of Alphabet Inc. (NASDAQ: GOOGL) owned Google to ban the TikTok app from its app stores. CEO Comments Snap CEO Even Spiegel said, "We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.” In the conference call, he explained that they focused on three strategic priorities. Stock-Based Compensation The Company continues to dilute shareholders with its stock-based compensation as share bonus expense was $451 million in the quarter, nearly 35% of total revenues.	Senator Asks Apple and Google to Ban TikTok App On Feb. 2, 2023, Colorado Senator Michael Bennett took to a big step forward by writing a formal letter to both Tim Cook, CEO of Apple Inc. (NASDAQ: AAPL), and Sundar Pichai, CEO of Alphabet Inc. (NASDAQ: GOOGL) owned Google to ban the TikTok app from its app stores. Social media platform Snap Inc. (NYSE: SNAP) stock took a (-15%) dive on its fiscal Q4 2022 earnings release. Europe saw 92 million DAUs, up 12% YoY, and an ARPU of $0.80.
17211.0	2023-02-06 00:00:00 UTC	Should SPDR S&P 500 ETF (SPY) Be on Your Investing Radar?	AAPL	https://www.nasdaq.com/articles/should-spdr-sp-500-etf-spy-be-on-your-investing-radar-6	nan	nan	The SPDR S&P 500 ETF (SPY) was launched on 01/29/1993, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market. The fund is sponsored by State Street Global Advisors. It has amassed assets over $384.86 billion, making it the largest ETFs attempting to match the Large Cap Blend segment of the US equity market. Why Large Cap Blend Large cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts. Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments. Costs 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 0.09%, making it one of the least expensive products in the space. It has a 12-month trailing dividend yield of 1.53%. 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 26.80% of the portfolio. Healthcare and Financials round out the top three. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). The top 10 holdings account for about 25.06% of total assets under management. Performance and Risk SPY seeks to match the performance of the S&P 500 Index before fees and expenses. The S&P 500 Index is composed of five hundred selected stocks, all of which are listed on national stock exchanges and span over 25 separate industry groups. The ETF has added roughly 7.82% so far this year and is down about -6.25% in the last one year (as of 02/06/2023). In the past 52-week period, it has traded between $356.56 and $461.55. The ETF has a beta of 1 and standard deviation of 25.01% for the trailing three-year period, making it a medium risk choice in the space. With about 504 holdings, it effectively diversifies company-specific risk. Alternatives SPDR S&P 500 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SPY is a 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 Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) track the same index. While Vanguard S&P 500 ETF has $282.75 billion in assets, iShares Core S&P 500 ETF has $311.93 billion. VOO has an expense ratio of 0.03% and IVV charges 0.03%. Bottom-Line While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. 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 S&P 500 ETF (SPY): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. The SPDR S&P 500 ETF (SPY) was launched on 01/29/1993, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.	Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). The SPDR S&P 500 ETF (SPY) was launched on 01/29/1993, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.	Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Alternatives SPDR S&P 500 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.	Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.51% of total assets, followed by Microsoft Corporation (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core S&P 500 ETF (IVV): ETF Research Reports To read this article on Zacks.com click here. Costs Investors should also pay attention to an ETF's expense ratio.
17212.0	2023-02-06 00:00:00 UTC	EU's Breton urges rethink on cross-border telecoms mergers	AAPL	https://www.nasdaq.com/articles/eus-breton-urges-rethink-on-cross-border-telecoms-mergers	nan	nan	By Foo Yun Chee BRUSSELS, Feb 6 (Reuters) - EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI. EU antitrust chief Margrethe Vestager has been reluctant to allow telecoms providers acquire EU peers without hefty remedies, especially when deals reduce the number of players from four to three, underlining concerns about the market power of fewer but larger telecoms operators. The telecoms industry however said consolidation is required to pool resources to roll out costly fast-speed broadband and 5G. "I believe that creating a true single market for telecommunications services also requires a reflection on encouraging cross-border consolidation, all while preserving fair and necessary competition for the benefit of our consumers," Breton said in a speech to be delivered at an event in Helsinki. On the issue of whether Alphabet Inc's Google GOOGL.O, Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O should bear some network costs, Breton said the European Commission will launch a consultation this month on the topic. "The investments which will be required to achieve our ambitions will be enormous and we need to ensure that they are matched by the availability of sufficient funding. The burden of this financing should not be only on the shoulders of the member states or the EU budget," he said. "At a time when technology companies are using most bandwidth and telco operators are seeing their return on investment drop, this also raises the question of who pays for the next generation of connectivity infrastructure," Breton said. (Reporting by Foo Yun Chee; editing by Philip Blenkinsop) ((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.	On the issue of whether Alphabet Inc's Google GOOGL.O, Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O should bear some network costs, Breton said the European Commission will launch a consultation this month on the topic. "I believe that creating a true single market for telecommunications services also requires a reflection on encouraging cross-border consolidation, all while preserving fair and necessary competition for the benefit of our consumers," Breton said in a speech to be delivered at an event in Helsinki. "At a time when technology companies are using most bandwidth and telco operators are seeing their return on investment drop, this also raises the question of who pays for the next generation of connectivity infrastructure," Breton said.	On the issue of whether Alphabet Inc's Google GOOGL.O, Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O should bear some network costs, Breton said the European Commission will launch a consultation this month on the topic. By Foo Yun Chee BRUSSELS, Feb 6 (Reuters) - EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI. EU antitrust chief Margrethe Vestager has been reluctant to allow telecoms providers acquire EU peers without hefty remedies, especially when deals reduce the number of players from four to three, underlining concerns about the market power of fewer but larger telecoms operators.	On the issue of whether Alphabet Inc's Google GOOGL.O, Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O should bear some network costs, Breton said the European Commission will launch a consultation this month on the topic. By Foo Yun Chee BRUSSELS, Feb 6 (Reuters) - EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI. EU antitrust chief Margrethe Vestager has been reluctant to allow telecoms providers acquire EU peers without hefty remedies, especially when deals reduce the number of players from four to three, underlining concerns about the market power of fewer but larger telecoms operators.	On the issue of whether Alphabet Inc's Google GOOGL.O, Meta META.O, Amazon.com Inc AMZN.O, Netflix Inc NFLX.O, Apple Inc AAPL.O and Microsoft Corp MSFT.O should bear some network costs, Breton said the European Commission will launch a consultation this month on the topic. By Foo Yun Chee BRUSSELS, Feb 6 (Reuters) - EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom DTEGn.DE, Orange ORAN.PA, Telefonica TEF.MC and Telecom Italia TLIT.MI. "I believe that creating a true single market for telecommunications services also requires a reflection on encouraging cross-border consolidation, all while preserving fair and necessary competition for the benefit of our consumers," Breton said in a speech to be delivered at an event in Helsinki.
17213.0	2023-02-06 00:00:00 UTC	This Stock Just Became One of the Most Profitable Companies on the Market	AAPL	https://www.nasdaq.com/articles/this-stock-just-became-one-of-the-most-profitable-companies-on-the-market	nan	nan	An investing theory has developed around buying stocks that get booted from the Dow Jones Industrial Average or the S&P 500 because they tend to go on and outperform both the indexes and the companies that replaced them for the next year or so. ExxonMobil (NYSE: XOM) is a case in point. The oil and gas giant was kicked off the Dow in August 2020, and one year later, it beat the index with a total return of 37% to 29%. Exxon has gone on to open a dramatic lead over the Dow in the years since, with its total return more than tripling in value versus the index, generating a 25% total return for investors. In its just-released fourth-quarter earnings report, the energy behemoth explains why it has become such a stellar stock and why it's more than just the current conditions being favorable to the industry. Image source: Getty Images. A gusher of profits Exxon just posted its best year for profits in the oil company's 135-year history, generating earnings of $55.7 billion, making it one of the most profitable stocks on the market (only Apple and Microsoft are better, so far). While rising gas prices that were exacerbated by Russia's invasion of Ukraine were certainly a large contributing factor in Exxon's performance, and excluding impairments related to its withdrawal from its Sakhalin-1 oil fields off Russia's Sakhalin Island, adjusted profits were $59.1 billion. There were other factors involved, ones that point to future profitability potential. Chairman and CEO Darren Woods pointed to years of under-investment in production by the industry, causing supply to be constrained. Oil and gas companies won't be able to meet the outsized demand from its collapse during the pandemic over the coming years. Crude supplies have been depleted, and natural gas inventories have been reduced, a situation that has only worsened with Europe's concern over where it will get its needed energy. Pricing for both is well above their 10-year historical averages, and refining margins have soared because of the large numbers of refineries that were closed during the pandemic leading global refining capacity to drop by 910,000 barrels per day in 2021 -- the first time in three decades there has been a decline in global capacity. Capacity follows profits The loss of capacity led to higher crack spreads, or the difference in pricing between a barrel of oil and the refined products produced from it, through 2022. But the higher refining margins being generated is leading to increased capacity and the U.S. Energy Information Administration expects it to increase by an additional 1.6 million barrels per day this year. The Al-Zour refinery in Kuwait is one of the largest oil refineries in the world, able to process as much as 615,000 barrels of crude daily, and it shipped its first exports of diesel and jet fuel to Europe late last year. Saudi Arabia and the United Arab Emirates are also expected to increase European exports in 2023. Exxon has also upgraded its own refinery in Beaumont, Tex. to increase capacity by 65%, or some 250,000 barrels a day, that should come online this June. It represents the largest capacity addition to the U.S. refining fleet since 2013, but it's important to remember Exxon is a global energy giant, and of the $12.75 billion in net profits it generated in the fourth quarter, $7.9 billion, or 62%, came from outside the U.S. Going against the grain The energy giant was able to capitalize on the current conditions because it zigged when other industry players zagged. Woods said, "of course, our results clearly benefited from a favorable market, but to take full advantage of the undersupplied market our work began years ago, well before the pandemic when we chose to invest counter-cyclically." Exxon invested heavily in its core businesses, like its refining business with projects in the Netherlands and Texas; in liquefied natural gas (LNG) export facilities around the world, such as in Mozambique, where it began shipping in November its first cargos from the Coral South project; and in new production in the Permian Basin and the vast oilfield off the coast of Guyana, where it is the lead operator and believes it could produce as much as 1 million barrels of oil per day by the end of the decade. Exxon says it will invest between $20 billion and $25 billion annually through 2027 on further capital expenditures across the company. Image source: Getty Images. Sharing the wealth With operating cash flows rocketing 60% higher this year to $76.8 billion, it spent $30 billion on stock buybacks and dividends last year. It expects to repurchase $35 billion's worth of stock over 2023 and 2024. Exxon also increased its dividend 3% last year, the 40th consecutive year the payout has risen. With global structural imbalances between supply and demand, a head start years in the making of investments to narrow the gap, and sharing its success with its shareholders, ExxonMobil is an integrated oil and gas stock that still has many years of growth ahead of it. 10 stocks we like better than ExxonMobil 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 ExxonMobil 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 Rich Duprey has positions in ExxonMobil. The Motley Fool has positions in and recommends 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.	An investing theory has developed around buying stocks that get booted from the Dow Jones Industrial Average or the S&P 500 because they tend to go on and outperform both the indexes and the companies that replaced them for the next year or so. In its just-released fourth-quarter earnings report, the energy behemoth explains why it has become such a stellar stock and why it's more than just the current conditions being favorable to the industry. Exxon invested heavily in its core businesses, like its refining business with projects in the Netherlands and Texas; in liquefied natural gas (LNG) export facilities around the world, such as in Mozambique, where it began shipping in November its first cargos from the Coral South project; and in new production in the Permian Basin and the vast oilfield off the coast of Guyana, where it is the lead operator and believes it could produce as much as 1 million barrels of oil per day by the end of the decade.	A gusher of profits Exxon just posted its best year for profits in the oil company's 135-year history, generating earnings of $55.7 billion, making it one of the most profitable stocks on the market (only Apple and Microsoft are better, so far). But the higher refining margins being generated is leading to increased capacity and the U.S. Energy Information Administration expects it to increase by an additional 1.6 million barrels per day this year. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	A gusher of profits Exxon just posted its best year for profits in the oil company's 135-year history, generating earnings of $55.7 billion, making it one of the most profitable stocks on the market (only Apple and Microsoft are better, so far). Sharing the wealth With operating cash flows rocketing 60% higher this year to $76.8 billion, it spent $30 billion on stock buybacks and dividends last year. With global structural imbalances between supply and demand, a head start years in the making of investments to narrow the gap, and sharing its success with its shareholders, ExxonMobil is an integrated oil and gas stock that still has many years of growth ahead of it.	A gusher of profits Exxon just posted its best year for profits in the oil company's 135-year history, generating earnings of $55.7 billion, making it one of the most profitable stocks on the market (only Apple and Microsoft are better, so far). But the higher refining margins being generated is leading to increased capacity and the U.S. Energy Information Administration expects it to increase by an additional 1.6 million barrels per day this year. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
17214.0	2023-02-06 00:00:00 UTC	Spotify’s Traffic, Not Earnings is Driving the Stock Higher	AAPL	https://www.nasdaq.com/articles/spotifys-traffic-not-earnings-is-driving-the-stock-higher	nan	nan	Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) stock missed top and bottom lines expectations on its fiscal Q4 2022 earnings, but Mr. Market didn’t care shares screamed higher. Spotify has an estimated 30.5% of the global music streaming market, with over 100 million songs on its platform and 449 million monthly active users (MAUs). The Company aims to be the go-to one-stop shop for audio streaming, from music and audiobooks to podcasts. Podcasts are the fastest growing segment as revenues climbed 30% YoY. Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Spotify expects to hit $100 billion in annual revenues and one billion users by 2030. The market prioritized traffic growth over profits in the last quarter as Spotify continues to evolve into a one-stop streaming audio juggernaut. More Considerable Losses Fueled by Traffic Growth On Jan. 31, 2023, Spotify released its fiscal fourth-quarter 2022 results for the quarter ending December 2022. Revenues rose 17.7% year-over-year (YOY) to eur3.17 billion, falling short of consensus analyst estimates of eur3.19 billion. The Company reported an adjusted earnings-per-share (EPS) loss of (eur1.40), excluding non-recurring items versus consensus analyst estimates for a loss of (eur1.27), missing estimates by (eur0.13). Operating loss was eur231 million due to continued growth in marketplace activity and new podcast and product investments. Premium and Ad-Supported Revenues Premium revenue growth was 18% YoY to eur2.717 billion. The average revenue per user (ARPU) rose 3% to eur4.55, excluding the impact of FX. Ad-supported revenue grew 14% YoY. Gross margin was 25.3%, down (-118 bps) YoY. Ad-supported revenue grew 14% YoY, accounting for 14% of total revenues. Music advertising revenues grew mid-single digits reflecting double-digit YoY growth in impressions sold offset by softer pricing. Podcast revenues jumped 30% YoY, reflecting healthy double-digit growth. The Spotify Audience Network saw double-digit quarter-over-quarter (QoQ) growth. Monthly Active User Growth Total monthly active users (MAUs) grew 20% to 489 million, above its internal guidance by 10 million. India and Indonesia led outperformance in the Rest of the World (ROW). Strong growth occurred in Gen-Z listeners. Premium subscribers grew 14% YoY to 205 million, up from 195 million users. Full-year 2022 net additions were 25 million or 27 million when excluding the impact of its exit from Russia. Spotify CEO and founder Daniel Ek commented, “So, by the end of the year, we had more than 100 million tracks on our platform, more than 5 million podcasts, and more than 300,000 audiobooks being enjoyed by almost 0.5 billion listeners. In 2021, we said that 2022 would be an investment year, and it was.” He admitted that, in hindsight, he may have overinvested, not expecting the macro environment to change so drastically. Therefore, they are focusing on tightening their spending and becoming more efficient. Inline Guidance For Fiscal Q1 2023, Spotify expects eur3.1 billion versus eur3.05 billion consensus analyst estimates. The Company expects MAUs to reach 500 million, and Premium subscribers will grow to 207 million. Personalization and Relevancy are Growth Drivers Personalization was the top trait admired most by 81% of users in a survey on Spotify. CEO Ek believes that personalization is the growth driver for Spotify. The key to retention and growth is the quality of its algorithmic recommendations to users to find more relevant content and discover new content that matches their acclivities. The Company will continue to invest in optimizing personalization to keep members engaged and coming back for more. Weekly Rounding Bottom SPOT peaked to form a lip line in August 2022 as shares fell from $124.67 down through the weekly market structure high (MSH) trigger under $110.07 to a low of $70.01 by October 2022. The weekly stochastic formed a divergence bottom to finally bounce through the 20-band in December 2022 as it formed a mini pup. Shares rose through the 20-period exponential moving average (EMA) now at $93.03, triggering the weekly market structure low (MSL) on the $90.61 breakout to rise through the weekly 50-period MA at $104.37. SPOT rose towards the lip line at $124.68 to complete the rounded bottom. From here, it can either breakout through the lip line, reverse back down, or have a moderate pullback to form a handle and break out through the lip line to complete the cup and handle pattern. Pullback supports sit at $110.58, $102.43, $95.46, and $90.61 weekly 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.	Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) stock missed top and bottom lines expectations on its fiscal Q4 2022 earnings, but Mr. Market didn’t care shares screamed higher. The market prioritized traffic growth over profits in the last quarter as Spotify continues to evolve into a one-stop streaming audio juggernaut.	Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) stock missed top and bottom lines expectations on its fiscal Q4 2022 earnings, but Mr. Market didn’t care shares screamed higher. Monthly Active User Growth Total monthly active users (MAUs) grew 20% to 489 million, above its internal guidance by 10 million.	Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Spotify has an estimated 30.5% of the global music streaming market, with over 100 million songs on its platform and 449 million monthly active users (MAUs). Premium and Ad-Supported Revenues Premium revenue growth was 18% YoY to eur2.717 billion.	Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Ad-supported revenue grew 14% YoY. Spotify CEO and founder Daniel Ek commented, “So, by the end of the year, we had more than 100 million tracks on our platform, more than 5 million podcasts, and more than 300,000 audiobooks being enjoyed by almost 0.5 billion listeners.
17215.0	2023-02-06 00:00:00 UTC	Should Vanguard S&P 500 ETF (VOO) Be on Your Investing Radar?	AAPL	https://www.nasdaq.com/articles/should-vanguard-sp-500-etf-voo-be-on-your-investing-radar-6	nan	nan	Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Vanguard S&P 500 ETF (VOO) is a passively managed exchange traded fund launched on 09/09/2010. The fund is sponsored by Vanguard. It has amassed assets over $282.75 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 Large cap companies usually have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies. Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics. Costs Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Annual operating expenses for this ETF are 0.03%, making it one of the least expensive products in the space. It has a 12-month trailing dividend yield of 1.57%. Sector Exposure and Top Holdings ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. This ETF has heaviest allocation to the Information Technology sector--about 26.80% of the portfolio. Healthcare and Financials round out the top three. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.53% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). The top 10 holdings account for about 24% of total assets under management. Performance and Risk VOO seeks to match the performance of the S&P 500 Index before fees and expenses. The S&P 500 Index measures the performance of the large-capitalization sector of the U.S. equity market. The ETF has gained about 7.83% so far this year and is down about -6.28% in the last one year (as of 02/06/2023). In the past 52-week period, it has traded between $327.64 and $424.29. The ETF has a beta of 1 and standard deviation of 25.43% for the trailing three-year period, making it a medium risk choice in the space. With about 503 holdings, it effectively diversifies company-specific risk. Alternatives Vanguard S&P 500 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, VOO 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 the same index. While iShares Core S&P 500 ETF has $311.93 billion in assets, SPDR S&P 500 ETF has $384.86 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%. Bottom-Line An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard S&P 500 ETF (VOO): 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.	Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.53% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard S&P 500 ETF (VOO): 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 S&P 500 ETF (VOO) is a passively managed exchange traded fund launched on 09/09/2010.	Click to get this free report Vanguard S&P 500 ETF (VOO): 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 6.53% 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 S&P 500 ETF (VOO) is a passively managed exchange traded fund launched on 09/09/2010.	Click to get this free report Vanguard S&P 500 ETF (VOO): 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 6.53% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Alternatives Vanguard S&P 500 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.	Looking at individual holdings, Apple Inc. (AAPL) accounts for about 6.53% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Click to get this free report Vanguard S&P 500 ETF (VOO): 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. Costs Investors should also pay attention to an ETF's expense ratio.
17216.0	2023-02-06 00:00:00 UTC	Has a New Bull Market Begun? (AAPL, AMZN, TSLA, META)	AAPL	https://www.nasdaq.com/articles/has-a-new-bull-market-begun-aapl-amzn-tsla-meta	nan	nan	W ith a gain of 3.3% over the past five trading sessions, the tech-heavy Nasdaq Composite Index booked its fifth straight week of gains. This marked the index’s longest weekly winning streak since November 2021, driven by Q4 earnings results from major tech heavyweights like Apple (AAPL), Amazon (AMZN) and Meta Platform (META). For the week, the Dow Jones Industrial Average added 1.8%, while the S&P 500 Index gained 2.5%. On a year-to-date basis, the gains are even more pronounced. The Nasdaq has risen 15.5%, compared with a 2022 decline of 34%. The S&P 500 is up 8.16%, while the Dow has added a modest gain of 2.38%. The reasons for the year-to-date increases could be attributed to several factors. The market has broadly applauded the earnings results companies have reported thus far, having arrived “less bad” than feared, while the forward guidance have been encouraging, suggesting CEOs are feeling some level of confidence in their ability to navigate inflationary headwinds. While it’s still early in the Q4 reporting cycle, it’s now worth asking whether we have entered a new bull market. To be sure, the strong surge in January jobs report was unexpected, and this could put a damper on whether the Federal Reserve will fully pivot from its rate hiking mode to a more subdued monetary stance. But even then, the Fed’s decision last week to hike rates by 25 basis points was an indication that the “pivot” might have already begun. With inflation at multi-decade highs, the Fed did what it could to adhere to its mandates, raising interest rates seven times in 2022, including raising rates by 75-basis points four consecutive times. “Reducing inflation is likely to require a sustained period of below-trend growth,” Powell said. “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses.” This was precisely what unfolded in 2022. However, in the last three rate hikes, the increases have come down from 75 basis points, to 50, and now 25 basis points on February 1. While it’s not an immediate 180-degree turn, I would consider this trend a pivot, if not the start of one. Rising interest rates is what triggered the bear market in 2022. In the case of the Nasdaq, which is comprised of high-growth companies, rising interest rates pressured their businesses, forcing high growth names to borrow money at higher rates to fund their operations. In the process, stocks got punished due to lack of liquidity, particularly high growth tech stocks. Meanwhile, inflation forced consumers to cut back on spending, and that spending is what high-growth companies rely on. This had negative effects on, for example, Tesla (TSLA) which suffered 70% declines in 2022. The luxury electric vehicle company, which missed the Street's Q4 delivery target, has had to reduce its prices on multiple occasions in order to spur sales. However, in 2023, Tesla’s price cuts in now seen as giving it a possible market share advantage. In other words, nothing has changed, but the perception went from “bad” to “good.” It’s the same thing with last week’s tech earnings. With Q1 revenue falling 5% year over year, Apple missed the Street’s estimates for the first time in seven years. Amazon posted its weakest year for growth since it went public 25 years ago, Google parent Alphabet's (GOOG , GOOGL) core advertising business shrank. But here’s the thing: All three companies ended the week with strong stock gains. All told, while it appears the market is waiting for the Fed pivot, the market itself has already pivoted from a bear mindset to bull mindset by ignoring what has typically been “bad news.” And that’s often a good sign that a new bull market is underway. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	This marked the index’s longest weekly winning streak since November 2021, driven by Q4 earnings results from major tech heavyweights like Apple (AAPL), Amazon (AMZN) and Meta Platform (META). The market has broadly applauded the earnings results companies have reported thus far, having arrived “less bad” than feared, while the forward guidance have been encouraging, suggesting CEOs are feeling some level of confidence in their ability to navigate inflationary headwinds. To be sure, the strong surge in January jobs report was unexpected, and this could put a damper on whether the Federal Reserve will fully pivot from its rate hiking mode to a more subdued monetary stance.	This marked the index’s longest weekly winning streak since November 2021, driven by Q4 earnings results from major tech heavyweights like Apple (AAPL), Amazon (AMZN) and Meta Platform (META). With inflation at multi-decade highs, the Fed did what it could to adhere to its mandates, raising interest rates seven times in 2022, including raising rates by 75-basis points four consecutive times. In the case of the Nasdaq, which is comprised of high-growth companies, rising interest rates pressured their businesses, forcing high growth names to borrow money at higher rates to fund their operations.	This marked the index’s longest weekly winning streak since November 2021, driven by Q4 earnings results from major tech heavyweights like Apple (AAPL), Amazon (AMZN) and Meta Platform (META). With inflation at multi-decade highs, the Fed did what it could to adhere to its mandates, raising interest rates seven times in 2022, including raising rates by 75-basis points four consecutive times. In the case of the Nasdaq, which is comprised of high-growth companies, rising interest rates pressured their businesses, forcing high growth names to borrow money at higher rates to fund their operations.	This marked the index’s longest weekly winning streak since November 2021, driven by Q4 earnings results from major tech heavyweights like Apple (AAPL), Amazon (AMZN) and Meta Platform (META). With Q1 revenue falling 5% year over year, Apple missed the Street’s estimates for the first time in seven years. But here’s the thing: All three companies ended the week with strong stock gains.
17217.0	2023-02-06 00:00:00 UTC	Buying This Fund Is Like Buying Apple With a 12.1% Dividend	AAPL	https://www.nasdaq.com/articles/buying-this-fund-is-like-buying-apple-with-a-12.1-dividend	nan	nan	We've seen a big bounce (and 12%+ dividends!) in one particular type of closed-end fund (CEF) this year--and all of my buy indicators suggest this profitable play is still in its early stages. Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too. You and I know that both of these things are unheard of in the world of "regular" stocks and funds. Big discounts: This fund sports a 12.2% discount to net asset value (NAV)--CEF-speak for saying that we'll pay just 88 cents for every dollar of its assets! The fund is called the BlackRock Science & Technology Trust II (BSTZ). We'll get to the "II" part in a moment. But first, it's worth stopping to consider what this fund has accomplished just one month into 2023: Big Gains in Short Order Then there's the dividend payout, which amounts to more than $100 per month for every $10,000 invested. We've got more upside potential with BSTZ, too. Because unlike an ETF, this fund has two ways to deliver price gains: through the appreciation of its portfolio--which is still undervalued, due to last year's selloff--and its 12% discount to NAV. As that discount narrows (and flips to a premium; likely, in my view), it'll pull the price higher. But Is That 12.1% Dividend Sustainable? It's always a good idea to question a yield this high, so let's go ahead and pull apart the elements that support it. BSTZ is a relatively new fund, having been launched in June 2019, so we don't have a lot to go on with regard to its history, but it has raised dividends three times since inception (once in 2020 and twice in 2021, plus a nice special dividend that same year). That's a great start. And there are other signs that we can trust BSTZ's dividend. While the fund lacks a long track record, its older sibling, the BlackRock Science and Technology Trust (BST), has been increasing payouts for nearly a decade while also offering the odd special dividend (see the orange line below). BSTZ's Older Sibling Paints a Rosy Payout Picture That is our first clue that BSTZ's payout is sustainable: both funds are managed by the same group, and BST's history of responsible payout increases should indicate that BSTZ's future payouts will likely go up, not down. And our second clue is even more compelling. Huge Gains Help Sustain BSTZ's Dividend Since BST's portfolio has nearly tripled in less than a decade--even after the big tech selloff of 2022--the fund has built up enough profits to sustain payouts for many years to come. This isn't surprising given its portfolio. Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. They're also BST's top positions, and these, in addition to the fund's investments across the tech world, caused the line in the chart above to go up and to the right for years. While it doesn't necessarily follow that BSTZ can do the same, this is one more encouraging sign. A Quick Guide to Sustainable CEF Dividends There's another strategy you can use to see if a CEF's payouts are likely to stay where they are or go up, or if there's a risk of a dividend cut. The key is to look back at the fund's long-term total NAV return (or the return of its underlying portfolio, including dividends) and compare it to the fund's payout. This calculation is a good first step in determining whether a CEF can maintain its current payout level. This Chart Is the Key to BSTZ's Dividend Future Since inception, and after the worst decline in tech stocks since the Great Recession, BSTZ's 8.7% average annual total NAV return suggests a sustainable 8.7% yield on NAV. Don't sound the alarm bells yet! Because BSTZ's 12.1% yield is based on its (discounted) market price. And the fund's 12% discount means that, based on per-share NAV, BSTZ's yield on NAV (or what management needs to make in the market to hand us its 12.1% yield on market price) is just 10.6%, which is easier to get than 12.1%. Now let's assume that 2022's bear market was an aberration--a very realistic assumption, as tech continues to drive every aspect of our lives and will continue to do so for decades to come. That makes BSTZ's 12.1% yield extremely stable: before 2022, its annualized return was 38.9%, or more than triple its current yield. My CEF Insider Service Gives You the Safest 8%+ Yields in CEFs (in just a few clicks) The only snag here is that details like the yield on NAV and long-term NAV returns aren't easy to get on your own--which is why we created our CEF Insider service. Using proprietary fund screeners and analyzers, I do these calculations for you and instantly let you know when a CEF buying opportunity comes our way--and if a CEF's payout is weakening and the fund needs to be sold. To see if CEF Insider is right for you, I'm inviting you to road test it for 60 days at no risk whatsoever. Stick around for our next new picks, peruse the portfolio (which currently boasts an average yield north of 9%!) and follow the funds that appeal to you. If you're not satisfied, no problem. Just let me know during your 60-day trial and you'll get a full refund. No questions asked. I'll also include a Special Report naming 5 of my top CEFs to buy now. Taken together, these 5 funds yield 9.1%. And with the discounts they're offering, I'm calling for 20%+ price upside in the next 12 months. Click here and I'll reveal my full CEF-investing strategy, let you try CEF Insider risk-free for 60 days and show you how to download your FREE Special Report featuring those five 9.1%-yielding CEFs! Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. Because unlike an ETF, this fund has two ways to deliver price gains: through the appreciation of its portfolio--which is still undervalued, due to last year's selloff--and its 12% discount to NAV.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too.	Specifically, I'm talking about tech-focused CEFs--which we're getting a nice second chance to buy thanks to last week's earnings whiffs from the likes of Apple (AAPL) and Alphabet (GOOGL). Despite tech's struggles last year, Apple (AAPL), Microsoft (MSFT), Mastercard (MA), and Visa (V) have been tremendous long-term outperformers. Buying a tech CEF is like buying an ETF that focuses on technology, but with two key differences: Big dividends: the CEF we're going to analyze today yields 12.1%--and it pays dividends monthly, too.
17218.0	2023-02-06 00:00:00 UTC	Apple: What's The Post-Earnings Play?	AAPL	https://www.nasdaq.com/articles/apple%3A-whats-the-post-earnings-play	nan	nan	To pop as much as 8% from where they closed the day before earnings were released would suggest Apple Inc’s (NASDAQ: AAPL) report had hit the mark. But it wasn't quite simple in the immediate aftermath of it hitting the headlines on Thursday evening. Investors had been eagerly awaiting a glimpse into the numbers from the tech giant, whose shares had run up 15% in the fortnight previously as Wall Street seemed to be positioning for a big surprise. And with shares having traded down as much as 30% from last August’s high and close to their lowest level in two years, it’s an upside surprise that was needed. Let’s look at how it all played out and the pros and cons of getting involved now in the aftermath. Digesting The Numbers First up, the numbers. The company’s top-line revenue was down 5.5% and short on the consensus, while Apple’s earnings per share were also light. So not a great start. The immediate response by the stock in the after-hours sessions was to drop 4% as the worse-than-expected report was digested. It didn’t take long for the fingers to be pointed at the bugbear that’s hurt so many companies, tech and otherwise, in the past year; supply chain issues. Despite flagging back in November that some of their such as the iPhone 14 would be seriously impacted by these headwinds in China, analysts underestimated the impact. It wasn’t all doom and gloom, however. In acknowledging the difficult environment they’d been operating in, CEO Tim Cook said that the company remains "focused on the long term and are leading with our values in everything we do." He also highlighted an important milestone, sharing that Apple now has over 2 billion active devices as part of its installed base. In addition, Cook told investors that Apple would have grown in the "vast majority" of the markets it operates on a year-over-year basis if not for the significant foreign exchange headwind, which was in the realm of 800 basis points. What was interesting is that despite opening down on Friday, by lunchtime, Apple shares had undone any selling weakness and closed well above their pre-earnings report. So what does that tell you? It echoes this theme we’ve been seeing in earnings reports from the past few weeks, where near-term and broader macroeconomic headwinds are hurting numbers. Still, Wall Street is becoming happier and happier to look past these at the stock’s longer-term potential. With the Fed’s Powell starting to look like he might stick the landing and tame inflation without bringing on a recession, there’s been a marked increase in risk-on sentiment. Hence the pop in Apple’s shares which, at one point on Friday, were a full 25% higher than their January low. Getting Involved If you’re an investor on the sidelines, you must consider getting involved. Wedbush’s Dan Ives said after the release that Apple’s growth story is "holding up much firmer than the Street had feared in this economically uncertain backdrop" and reiterated his Outperform rating. Wells Fargo analyst Aaron Rakers did the same, and his $185 price target points to a further upside of at least 20% from where shares closed on Friday. Were they to hit this in the coming months, it would put them back at all-time highs and all but reconfirm Apple’s position as the king of tech. Over the past year, Apple has been by far the strongest of the, for now, an infamous group of tech stocks known as FAANG. The likes of Facebook, or Meta Platforms Inc (NASDAQ: META), even with their recent rally, are still down 40% in that timeframe, while Apple shares are down just 10%. Having weathered what’s looking like the worst of the storm in 2022, it’s clear that investors are backing Apple to lead any broad recovery in equities. Market beat’s Marketrank’s Forecast is also calling them a Moderate Buy, and it’s looking like this rare earnings miss will be little more than a bump in Apple’s ongoing recovery rally. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	To pop as much as 8% from where they closed the day before earnings were released would suggest Apple Inc’s (NASDAQ: AAPL) report had hit the mark. Investors had been eagerly awaiting a glimpse into the numbers from the tech giant, whose shares had run up 15% in the fortnight previously as Wall Street seemed to be positioning for a big surprise. Wedbush’s Dan Ives said after the release that Apple’s growth story is "holding up much firmer than the Street had feared in this economically uncertain backdrop" and reiterated his Outperform rating.	To pop as much as 8% from where they closed the day before earnings were released would suggest Apple Inc’s (NASDAQ: AAPL) report had hit the mark. Over the past year, Apple has been by far the strongest of the, for now, an infamous group of tech stocks known as FAANG. Having weathered what’s looking like the worst of the storm in 2022, it’s clear that investors are backing Apple to lead any broad recovery in equities.	To pop as much as 8% from where they closed the day before earnings were released would suggest Apple Inc’s (NASDAQ: AAPL) report had hit the mark. In addition, Cook told investors that Apple would have grown in the "vast majority" of the markets it operates on a year-over-year basis if not for the significant foreign exchange headwind, which was in the realm of 800 basis points. What was interesting is that despite opening down on Friday, by lunchtime, Apple shares had undone any selling weakness and closed well above their pre-earnings report.	To pop as much as 8% from where they closed the day before earnings were released would suggest Apple Inc’s (NASDAQ: AAPL) report had hit the mark. Investors had been eagerly awaiting a glimpse into the numbers from the tech giant, whose shares had run up 15% in the fortnight previously as Wall Street seemed to be positioning for a big surprise. Let’s look at how it all played out and the pros and cons of getting involved now in the aftermath.
17219.0	2023-02-06 00:00:00 UTC	Is Trending Stock Apple Inc. (AAPL) a Buy Now?	AAPL	https://www.nasdaq.com/articles/is-trending-stock-apple-inc.-aapl-a-buy-now-3	nan	nan	Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this maker of iPhones, iPads and other products have returned +19.2%, compared to the Zacks S&P 500 composite's +8.3% change. During this period, the Zacks Computer - Mini computers industry, which Apple falls in, has gained 23.4%. The key question now is: What could be the stock's future direction? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Apple is expected to post earnings of $1.44 per share for the current quarter, representing a year-over-year change of -5.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -4.5%. The consensus earnings estimate of $6.05 for the current fiscal year indicates a year-over-year change of -1%. This estimate has changed -2.2% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $6.61 indicates a change of +9.2% from what Apple is expected to report a year ago. Over the past month, the estimate has changed -1.8%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Apple. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. In the case of Apple, the consensus sales estimate of $97.88 billion for the current quarter points to a year-over-year change of +0.6%. The $402.03 billion and $424.45 billion estimates for the current and next fiscal years indicate changes of +2% and +5.6%, respectively. Last Reported Results and Surprise History Apple reported revenues of $117.15 billion in the last reported quarter, representing a year-over-year change of -5.5%. EPS of $1.88 for the same period compares with $2.10 a year ago. Compared to the Zacks Consensus Estimate of $121.21 billion, the reported revenues represent a surprise of -3.34%. The EPS surprise was -2.59%. Over the last four quarters, Apple surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period. Valuation No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Apple is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report 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.	Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.	Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues.	Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions.	Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. When earnings estimates for a company go up, the fair value for its stock goes up as well.
17220.0	2023-02-06 00:00:00 UTC	3 Stocks I Will Never Sell	AAPL	https://www.nasdaq.com/articles/3-stocks-i-will-never-sell-3	nan	nan	The idea with every investment I make is to hold the stock forever. That's not always possible, but I don't have any plans to sell when buying a stock. Some stocks stand out as companies I can see owning decades from now. Three on the top of my list of stocks I will (probably) never sell are law enforcement and security company Axon Enterprise (NASDAQ: AXON), Walt Disney (NYSE: DIS), and Apple (NASDAQ: AAPL). Here's why they deserve to be held forever. Axon The company at the center of body camera footage we see today is Axon, but that's only a piece of the business. It started as the Taser manufacturer, moved to body cameras, and is now a cloud software company that catalogs crime reports. Axon's product bundle starts with hardware sales of Tasers and body cameras, and it layers in high-margin software services from cloud storage, records management, and report writing. These products have led to the incredible revenue growth you see below. AXON revenue (TTM) data by YCharts. TTM = trailing 12 months. Management has forgone net income in the short term in pursuit of long-term growth, and that's been the right strategy. Now, income is starting to improve and the company is signing contracts with customers for as long as 10 years, which gives great revenue visibility to the business. The valuation is steep, given the $14.1 billion market cap, but I don't see anything but growth for digitizing law enforcement data and records. And if Axon can move into the consumer market, as it plans to, this will be a big long-term winner. Disney There has been a lot of turmoil at Disney over the last year as streaming costs ballooned and CEO Bob Chapek was pushed out in favor of bringing back Bob Iger. But this is a healthy company in a changing media business. No company can match Disney's reach across media. It has linear TV networks like ABC and ESPN, movie studios like Pixar and Marvel, one of the biggest streaming platforms, and a massive theme park business. This combination makes for a waterfall-like value proposition for content. Start in the movie theater, move to linear TV and streaming, and eventually make rides and toys for theme parks. As media moves to the internet age, it's more important than ever for a big company like Disney to make content that reaches a large number of people. It proved that ability with 5 of the top 10 movie releases in 2022, including Avatar: The Way of Water, which is the fourth-highest-grossing movie of all time at $2.1 billion. It might take time to reach a more sustainable earnings profile, but I'm a long-term investor, and I don't see anyone knocking Disney off its perch as the top family media company. Apple Arguably the most dominant tech company in the world today is Apple. The iPhone is attached to hundreds of millions of people every day, and that gives the company the ability to make money off services, app sales, and accessories like AirPods. The iPhone also makes products like iPads and Macs more attractive to own. There's never been a company like it, and that's why Apple continues to grow and report incredible earnings year after year. AAPL revenue (TTM) data by YCharts. The question for this as a stock to hold forever is whether or not you think a device or technology will disrupt Apple. And I don't see that happening. Virtual and augmented reality were supposed to be the next computing paradigm, but that largely failed to live up to expectations, and the iPhone's utility continues to increase. Given the simplicity and functionality of the smartphone, I see this being a dominant computing product for the foreseeable future. As a result, Apple will be a great company to own. Shares aren't cheap at 24 times earnings, but even in this market, investors have to pay up for quality. Management has shown over time it will buy back stock and increase the dividend. With a business as powerful as this behind it, there's no reason to sell Apple stock now. Buy and hold forever Each of these companies dominates its respective field and has a business that could be durable for decades. That's what it takes to be a stock I'll "never" sell. 10 stocks we like better than Axon Enterprise 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 Axon Enterprise 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 Travis Hoium has positions in Apple, Axon Enterprise, and Walt Disney. The Motley Fool has positions in and recommends Apple, Axon Enterprise, 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.	Three on the top of my list of stocks I will (probably) never sell are law enforcement and security company Axon Enterprise (NASDAQ: AXON), Walt Disney (NYSE: DIS), and Apple (NASDAQ: AAPL). AAPL revenue (TTM) data by YCharts. Axon's product bundle starts with hardware sales of Tasers and body cameras, and it layers in high-margin software services from cloud storage, records management, and report writing.	Three on the top of my list of stocks I will (probably) never sell are law enforcement and security company Axon Enterprise (NASDAQ: AXON), Walt Disney (NYSE: DIS), and Apple (NASDAQ: AAPL). AAPL revenue (TTM) data by YCharts. The Motley Fool has positions in and recommends Apple, Axon Enterprise, and Walt Disney.	Three on the top of my list of stocks I will (probably) never sell are law enforcement and security company Axon Enterprise (NASDAQ: AXON), Walt Disney (NYSE: DIS), and Apple (NASDAQ: AAPL). AAPL revenue (TTM) data by YCharts. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Travis Hoium has positions in Apple, Axon Enterprise, and Walt Disney.	Three on the top of my list of stocks I will (probably) never sell are law enforcement and security company Axon Enterprise (NASDAQ: AXON), Walt Disney (NYSE: DIS), and Apple (NASDAQ: AAPL). AAPL revenue (TTM) data by YCharts. These products have led to the incredible revenue growth you see below.
17221.0	2023-02-06 00:00:00 UTC	Amazon, Alphabet, Apple, Meta and Microsoft are part of Zacks Earnings Preview	AAPL	https://www.nasdaq.com/articles/amazon-alphabet-apple-meta-and-microsoft-are-part-of-zacks-earnings-preview-0	nan	nan	For Immediate Release Chicago, IL – February 6, 2023 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Apple AAPL, Amazon AMZN, Alphabet GOOGL, Meta META & Microsoft MSFT. Making Sense of Apple, Amazon and Big Tech Earnings The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple, Amazon, Alphabet, Meta & Microsoft – provides us with useful clues as to what is most important to investors in these mega-cap players. It doesn’t seem to be about beating or missing Q4 estimates; Apple missed on both EPS and revenues, but didn’t suffer for it while Amazon beat without getting any credit for it. Microsoft had a mixed showing on this count, with an EPS beat but revenues coming up short. MSFT stock went on to get a favorable reception. Alphabet beat, but didn’t benefit as a result. Meta also beat on EPS and revenue, but we all know that the ‘loud cheers’ for its report weren’t a result of the positive EPS and revenue surprises. What seems to be front and center for the market appears to be expense trends and guidance. The market is well aware of the challenging macro backdrop and expected these results to validate the evolving macroeconomic environment This came through in the Microsoft report that kick-started the Q4 reporting cycle for the group showing decelerating cloud trends and serious challenges on the PC front. The cloud growth at Amazon and Alphabet reconfirmed the trends established by Microsoft. By far the biggest differentiator among these mega-cap players appears to be the market’s perception of expense control. This was the market’s biggest worry with Meta and they seem to have done an excellent job of revising the narrative in their favor. Alphabet and Amazon made the right noises on that front, but the market doesn’t seem to be convinced that they are doing all they can to get on top of the issue. For example, Alphabet has already announced lay-offs and noted on the call that they are slowing the pace of hirings, but they ended up exiting 2022 Q4 with a net addition to payrolls. Apple, on the other hand, seems to have a lot of credibility on this count, with the company’s gross margin outlook for the current period (2023 Q1) confirming that view. As noted before, it is clear now that none of these players’ profitability is Teflon coated and immune from cyclical forces. Apple may be getting a pass on its quarterly report, with one-off factors like China’s Covid restrictions that have since been lifted and FX headwinds causing most of the shortfalls. But the consumer decision to purchase the company’s pricey phones and other devices will also always remain a discretionary choice and vulnerable to economic forces. Looking at the ‘Big 5 Tech Players’ as a whole, Q4 earnings in the aggregate are down -28% from the same period last year on +1.4% higher revenues. Growth is expected to resume next year. For 2023, the group is expected to bring in +3.8% higher earnings on +6% higher revenues. Estimates for the group have been steadily coming down, with the Q4 results and associated guidance adding to the trend. The aggregate 2023 earnings estimate for the group has come down by -8.5% over the last three months, with the current full-year 2023 earnings growth estimate of +3.8% down from +11.8% over the period. Market participants see the big challenge for the group to be centered around margin pressures, a function of their still-heavy payrolls, particularly for Amazon, Meta and Alphabet. One could say that if they move into the management mode of other blue chip operators by getting on top of their expenses, they can help strengthen their profitability. In addition to the group’s margin challenge, there are two key factors that will drive their profitability over the next two years. The first factor is the unusual impact of Covid on their profitability in the last two years. The question now is whether the +58% jump in 2021 earnings brought forward profits from 2022 and 2023 only, or will the issue be with us in 2024 as well? The second factor is related to the impact of macroeconomic forces on these companies’ profitability. Microsoft’s business was affected not only by the slump in PC demand, a function of post-Covid adjustment, but also by growth deceleration in the cloud business. We are seeing similar cloud-centric challenges in the Amazon and Alphabet reports as well. This cloud deceleration is a direct result of companies cutting back on the so-called enterprise spending, on top of digital advertising spending. The market was earlier under the impression that cloud spending was effectively immune from economic forces and will not experience any cuts. The numbers from Microsoft, Amazon and Alphabet show otherwise. This brings us back to evaluating the seemingly Teflon-coated status of Apple’s gadgets and services. I am of the opinion that once the Fed’s tighter policy regime produces cracks in the labor market, we will end up discovering that consumers rationally deferred replacing their older devices with newer ones. We are not there yet because the labor market is rock solid, but we could very well reach that stage at either of the coming two quarterly reports. 2022 Q4 Earnings Season Scorecard As of Friday, February 3rd, we now have Q4 results from 251 S&P 500 members or 50.2% of the index’s total membership. Total earnings for these 251 index members are down -7.5% from the same period last year on +5.5% higher revenues, with 71.3% beating EPS estimates and 68.1% beating revenue estimates. With 96 index members on deck to report Q4 results this week, we will have seen results from more than 69% of all the index members by the end of the week. Regular readers of our earnings commentary know that we have been referring to the overall picture emerging from the Q4 earnings season as good enough; not great, but not bad either. With results from more than 28% of S&P 500 members already out, we can confidently say that corporate earnings aren’t headed towards the ‘cliff’ that market bears were warning us of. The way we see it, the ‘better-than-feared’ view of the Q4 earnings season at this stage may be a bit unfair, given how resilient corporate profitability has turned out to be. But the view isn’t entirely off the mark either. The Earnings Big Picture Estimates for 2023 have been steadily coming down, as we have been flagging for some time now. Please note that the $1.925 trillion in expected aggregate earnings for the index in 2023 approximate to an index ‘EPS’ of $216.60, which compares to $216.45 in 2022. From their peak in mid-April 2022, S&P 500 earnings estimates have been revised down by -11.6% for the index as a whole and by -13.7% on an ex-Energy basis, with much bigger cuts to estimates for the Construction, Consumer Discretionary, Retail, Tech and Aerospace sectors. For more details about the evolving earnings picture, please check out our weekly Earnings Trends report here >>>> A Steady Earnings Picture, Without a ‘Cliff’ in Sight Why Haven’t You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. 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. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	This week’s list includes Apple AAPL, Amazon AMZN, Alphabet GOOGL, Meta META & Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple, on the other hand, seems to have a lot of credibility on this count, with the company’s gross margin outlook for the current period (2023 Q1) confirming that view.	This week’s list includes Apple AAPL, Amazon AMZN, Alphabet GOOGL, Meta META & Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Making Sense of Apple, Amazon and Big Tech Earnings The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple, Amazon, Alphabet, Meta & Microsoft – provides us with useful clues as to what is most important to investors in these mega-cap players.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. This week’s list includes Apple AAPL, Amazon AMZN, Alphabet GOOGL, Meta META & Microsoft MSFT. Making Sense of Apple, Amazon and Big Tech Earnings The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple, Amazon, Alphabet, Meta & Microsoft – provides us with useful clues as to what is most important to investors in these mega-cap players.	This week’s list includes Apple AAPL, Amazon AMZN, Alphabet GOOGL, Meta META & Microsoft MSFT. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. And in a new FREE report, Zacks is revealing those stocks to you.
17222.0	2023-02-05 00:00:00 UTC	Retailers offering discounts on high-end iPhones in China	AAPL	https://www.nasdaq.com/articles/retailers-offering-discounts-on-high-end-iphones-in-china	nan	nan	Adds figures for China smartphone sales in 2022 SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's AAPL.O iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc 9618.HK and Suning 002024.SZ are currently selling the iPhone 14 Pro basic model for 7,199 yuan ($1,062), checks of JD.com's app and Suning's website showed. That is 800 yuan cheaper than the standard price on Apple's official China website. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed. Apple did not immediately respond to a request for comment. Apple will occasionally allow partner vendors in China to offer discounts on its phones to spur demand. "The return of price cut even for the best-selling iPhone 14 models is not a good sign for demand," Jeffries analyst Edison Lee wrote in a note to clients, adding that several Android brands have also cut prices. China's smartphone sales in 2022 clocked in at 286 million, the lowest level in a decade, with sales in the fourth-quarter sliding 14% due to poor demand, according to research firm Canalys. Apple sales tumbled 24% in the quarter, Canalys said, in part due to an early release of the iPhone 14 series and in part due to supply chain issues caused by worker unrest at contract manufacturer Foxconn. The China Securities Journal first reported the price cuts on Sunday. ($1 = 6.7782 Chinese yuan) (Reporting by Josh Horwitz; Editing by Edwina Gibbs) ((Josh.Horwitz@thomsonreuters.com; +86 21 20830007;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Adds figures for China smartphone sales in 2022 SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's AAPL.O iPhone 14 Pro amid sluggish demand for smartphones. Apple will occasionally allow partner vendors in China to offer discounts on its phones to spur demand. "The return of price cut even for the best-selling iPhone 14 models is not a good sign for demand," Jeffries analyst Edison Lee wrote in a note to clients, adding that several Android brands have also cut prices.	Adds figures for China smartphone sales in 2022 SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's AAPL.O iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc 9618.HK and Suning 002024.SZ are currently selling the iPhone 14 Pro basic model for 7,199 yuan ($1,062), checks of JD.com's app and Suning's website showed. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed.	Adds figures for China smartphone sales in 2022 SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's AAPL.O iPhone 14 Pro amid sluggish demand for smartphones. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed. "The return of price cut even for the best-selling iPhone 14 models is not a good sign for demand," Jeffries analyst Edison Lee wrote in a note to clients, adding that several Android brands have also cut prices.	Adds figures for China smartphone sales in 2022 SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's AAPL.O iPhone 14 Pro amid sluggish demand for smartphones. China's smartphone sales in 2022 clocked in at 286 million, the lowest level in a decade, with sales in the fourth-quarter sliding 14% due to poor demand, according to research firm Canalys. The China Securities Journal first reported the price cuts on Sunday.
17223.0	2023-02-05 00:00:00 UTC	Foxconn's January sales surge as China COVID disruption shaken off	AAPL	https://www.nasdaq.com/articles/foxconns-january-sales-surge-as-china-covid-disruption-shaken-off	nan	nan	Adds details TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and major iPhone assembler for Apple Inc AAPL.O, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing at its Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Compared to the previous month, revenue was up 4.93% with smart consumer electronics products, which includes smartphones, and computing products showing strong double-digit growth, it said. Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou. Analysts say Foxconn assembles around 70% of iPhones, and the Zhengzhou plant produces the majority of its premium models including the iPhone 14 Pro. "Based on market consensus for first quarter 2023, January revenue came in slightly ahead. The outlook for the first quarter will likely reach market expectation," Foxconn said without elaborating. Analysts expect first-quarter revenue to grow by around 4% year-on-year, according to Refinitiv. Foxconn shares have slid 0.3% so far this year, underperforming the broader Taiwan market .TWII which is up 10.4%. The company reports fourth quarter earnings, where it will also elaborate on its outlook, on March 15. (Reporting by Ben Blanchard and Meg Shen; Additional reporting by Yimou Lee; Editing by Lincoln Feast.) ((ben.blanchard@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Adds details TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and major iPhone assembler for Apple Inc AAPL.O, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing at its Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou.	Adds details TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and major iPhone assembler for Apple Inc AAPL.O, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou. The outlook for the first quarter will likely reach market expectation," Foxconn said without elaborating.	Adds details TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and major iPhone assembler for Apple Inc AAPL.O, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing at its Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou.	Adds details TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and major iPhone assembler for Apple Inc AAPL.O, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. The outlook for the first quarter will likely reach market expectation," Foxconn said without elaborating. The company reports fourth quarter earnings, where it will also elaborate on its outlook, on March 15.
17224.0	2023-02-04 00:00:00 UTC	Apple (AAPL) Declares $0.23 Dividend	AAPL	https://www.nasdaq.com/articles/apple-aapl-declares-%240.23-dividend	nan	nan	Apple said on February 2, 2023 that its board of directors declared a regular quarterly dividend of $0.23 per share ($0.92 annualized). Shareholders of record as of February 10, 2023 will receive the payment on February 16, 2023. Previously, the company paid $0.17 per share. At the current share price of $154.50 / share, the stock's dividend yield is 0.60%. Looking back five years and taking a sample every week, the average dividend yield has been 1.01%, the lowest has been 0.48%, and the highest has been 1.99%. The standard deviation of yields is 0.43 (n=236). The current dividend yield is 0.97 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time. Analyst Price Forecast Suggests 13.99% Upside As of February 4, 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 13.99% from its latest reported closing price of $154.50. The projected annual revenue for Apple is $413,641MM, an increase of 4.90%. The projected annual EPS is $6.36, an increase of 3.42%. For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia. Fund Sentiment There are 6229 funds or institutions reporting positions in Apple. This is an increase of 76 owner(s) or 1.24%. Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%, a decrease of 2.1095%. Total shares owned by institutions increased in the last three months by 0.42% to 10,120,804K shares. What are large shareholders doing? Berkshire Hathaway holds 894,802,319 shares representing 5.65% 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 2.87% 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.	Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%, a decrease of 2.1095%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter. The firm increased its portfolio allocation in AAPL by 5.18% over the last quarter.	Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%, a decrease of 2.1095%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter. The firm increased its portfolio allocation in AAPL by 5.18% over the last quarter.	Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%, a decrease of 2.1095%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter. The firm increased its portfolio allocation in AAPL by 5.18% over the last quarter.	Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%, a decrease of 2.1095%. The firm increased its portfolio allocation in AAPL by 5.91% over the last quarter. The firm increased its portfolio allocation in AAPL by 5.18% over the last quarter.
17225.0	2023-02-03 00:00:00 UTC	Apple Earnings Miss, But the Stock Rallies Anyway	AAPL	https://www.nasdaq.com/articles/apple-earnings-miss-but-the-stock-rallies-anyway	nan	nan	Apple AAPL released its Q1 FY23 earnings on Thursday evening. Apple’s earnings and revenue both missed analyst expectations, citing a strong dollar, production issues in China and the macroeconomic environment hinderances to its various businesses. The initial reaction during the after-market trading session was a -4% selloff, although the stock made a strong recovery during the Friday session erasing the losses, and rallying +2.5% on the day. Earnings: $1.88 vs. $1.94 estimated, down -10.9% year over year Revenue: $117.15 billion vs. $121.10 billion estimated, down -5.49% year over year iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down -8.17% year over year Mac revenue: $7.74 billion vs. $9.63 billion estimated, down -28.66% year over year iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year No guidance provided from Apple management With a disappointing quarter and a lack of guidance, investors might be wondering if it is just a strong market pulling AAPL stock higher or are traders seeing something in the data that justifies the climb. Earnings Breakdown If earnings and revenue missed why might AAPL stock still be rallying? One bright spot in the report was Apple Services revenue. Services, which include Apple Music, TV, News, Card and others is quickly becoming a major contributors to the bottom line, and just in time. Services is a departure from Apple’s bread and butter in hardware, but provides a high margin, cash machine to diversify Apple’s income. Revenue from the iPad segment was another pleasant surprise for investors. All other hardware, including iPhones, and Mac saw YoY decreases, but iPad experienced a huge bump. iPad brought in $9.4 billion, which was a 30% YoY increase, and was partially attributed to the new cheaper iPad offered as a part of the product lineup. CEO Tim Cook was persistent on the call about the macro-level drag on Apple’s sales growth. It was clear in the report that iPhone sales were down, and holiday sales were also down 5%, but Cook said that iPhone 14 supply was significantly reduced because of factory closures in China. Another big highlight from Cook was the reveal of total active Apple devices figures. Apple now has 2 billion active devices, which includes everything from iPhones, to iPads, and Mac computers. Still, with all those positives, it’s hard to ignore that Apple’s Q1 revenues were down -5.5% YoY. Additionally, the EPS miss was the first since 2016, and the revenue miss was just the second since 2016. Image Source: Zacks Investment Research Looking Ahead The future still looks good for Apple as Zacks have FY24 estimates looking up. Consensus estimates for FY24 have sales growing 5.6%, bringing revenue to $425 billion. Earnings are expected to be $6.68 per share, up 8.7% YoY. This robustness in growth must be playing a role in Apple’s strong response to this report. Even though Apple had a tough quarter, the future is still bright. Additionally, Apple’s growth over the past two years has been phenomenal, especially impressive because of its mammoth size. Annual sales have grown from $274 billion in 2020 to nearly $400 billion in 2022. This should appease any investors doubting Apple. Image Source: Zacks Investment Research Valuation Apple is currently trading at a one year forward P/E of 23.8x, just above its 5-year median of 22.3x, and above the S&P’s 19x. As challenged as these earnings were, a slight premium above the market seems like a very fair valuation for the world’s largest public company. Apple has cash and marketable securities of $165 billion, down from the prior quarter of $169 billion, and debt of $109 billion, down from $110 billion the previous quarter. Apple returned $25 billion during the quarter through dividend payouts ($3.8 billion), and share repurchases ($19 billion). Image Source: Zacks Investment Research Conclusion The rough quarter really stands out because of the bar Apple has set for itself. You must really be critical of the numbers to scrutinize how the business is going. That being said, a slowdown in growth speaks to how the consumer is faring. With more than 2 billion active devices, Apple products are how many people connect to the digital world, and seeing growth falter even a bit sends a strong message about the economy. Even in the case of a slowing economy, AAPL stock is practically as good as a treasury bond over the long run. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple AAPL released its Q1 FY23 earnings on Thursday evening. Earnings: $1.88 vs. $1.94 estimated, down -10.9% year over year Revenue: $117.15 billion vs. $121.10 billion estimated, down -5.49% year over year iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down -8.17% year over year Mac revenue: $7.74 billion vs. $9.63 billion estimated, down -28.66% year over year iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year No guidance provided from Apple management With a disappointing quarter and a lack of guidance, investors might be wondering if it is just a strong market pulling AAPL stock higher or are traders seeing something in the data that justifies the climb. Earnings Breakdown If earnings and revenue missed why might AAPL stock still be rallying?	Earnings: $1.88 vs. $1.94 estimated, down -10.9% year over year Revenue: $117.15 billion vs. $121.10 billion estimated, down -5.49% year over year iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down -8.17% year over year Mac revenue: $7.74 billion vs. $9.63 billion estimated, down -28.66% year over year iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year No guidance provided from Apple management With a disappointing quarter and a lack of guidance, investors might be wondering if it is just a strong market pulling AAPL stock higher or are traders seeing something in the data that justifies the climb. Apple AAPL released its Q1 FY23 earnings on Thursday evening. Earnings Breakdown If earnings and revenue missed why might AAPL stock still be rallying?	Earnings: $1.88 vs. $1.94 estimated, down -10.9% year over year Revenue: $117.15 billion vs. $121.10 billion estimated, down -5.49% year over year iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down -8.17% year over year Mac revenue: $7.74 billion vs. $9.63 billion estimated, down -28.66% year over year iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year No guidance provided from Apple management With a disappointing quarter and a lack of guidance, investors might be wondering if it is just a strong market pulling AAPL stock higher or are traders seeing something in the data that justifies the climb. Apple AAPL released its Q1 FY23 earnings on Thursday evening. Earnings Breakdown If earnings and revenue missed why might AAPL stock still be rallying?	Earnings: $1.88 vs. $1.94 estimated, down -10.9% year over year Revenue: $117.15 billion vs. $121.10 billion estimated, down -5.49% year over year iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down -8.17% year over year Mac revenue: $7.74 billion vs. $9.63 billion estimated, down -28.66% year over year iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year No guidance provided from Apple management With a disappointing quarter and a lack of guidance, investors might be wondering if it is just a strong market pulling AAPL stock higher or are traders seeing something in the data that justifies the climb. Earnings Breakdown If earnings and revenue missed why might AAPL stock still be rallying? Apple AAPL released its Q1 FY23 earnings on Thursday evening.
17226.0	2023-02-03 00:00:00 UTC	GRAPHIC-Tech trillion club's wobble in four charts	AAPL	https://www.nasdaq.com/articles/graphic-tech-trillion-clubs-wobble-in-four-charts	nan	nan	Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The tech industry has already laid off thousands of employees in an effort to cut costs as they brace for an impending slowdown. The following graphics highlight the companies' shaky performance in key areas: WEAK IPHONE SALES The world's largest publicly traded company's quarterly profit missed Wall Street expectations for the first time since 2016 as it struggled with disruptions to iPhone production in China. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. DIGITAL ADVERTISING SLUMP The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession. "If a dominant ad player like Google can get hit like this, it is now officially a tough ad market," said Rosenblatt Securities analyst Barton Crockett. SLOW CLOUD GROWTH Amazon's revenue beat for the holiday quarter was largely overshadowed by a warning from the e-commerce giant that its lucrative cloud business was set for slower growth in the next few quarters. "This year is likely to be a difficult year for AWS growth. One of the key advantages of AWS – that it is easy to flex spending upwards – is also one of its key disadvantages when the economy slows down," said Atlantic Equities analyst James Cordwell. POST-EARNINGS STOCK REACTION Shares of the three companies - all of which have market valuations of more than a trillion dollars - were down between 2.2% and 4.5%. The stock slump also dragged the wider market lower. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The world's largest publicly traded company's quarterly profit missed Wall Street expectations for the first time since 2016 as it struggled with disruptions to iPhone production in China. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession.	Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession.	Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The tech industry has already laid off thousands of employees in an effort to cut costs as they brace for an impending slowdown. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
17227.0	2023-02-03 00:00:00 UTC	AbbVie Q4 Preview: What's in Store?	AAPL	https://www.nasdaq.com/articles/abbvie-q4-preview%3A-whats-in-store	nan	nan	It’s that time of the year – earnings season. Earnings season is undoubtedly the most critical period for stocks as companies finally unveil what’s transpired behind closed doors. So far, we’ve received a surplus of quarterly results, including those from technology titans Apple AAPL, Alphabet GOOGL, and Microsoft MSFT. Now, a big-time player in the Zacks Medical sector, AbbVie ABBV, is slated to unveil its quarterly results on Thursday, February 9th, before market open. AbbVie enjoys leadership positions in key therapeutic areas, including immunology, hematologic oncology, neuroscience, aesthetics, eye care, and women’s health. How does the company currently stack up? We can use quarterly results from a few peers, Eli Lilly LLY and Merck & Co. MRK, as a small gauge. Let’s take a closer look. Eli Lilly Q4 Eli Lilly’s Q4 results were released on February 2nd. LLY reported earnings of $2.09 per share, handily surpassing the $1.83 Zacks Consensus EPS Estimate by roughly 14%. Quarterly revenue totaled $7.3 billion, marginally falling short of expectations and decreasing nearly 9% from year-ago quarterly sales of $8 billion. Below is a chart illustrating the company’s revenue on a quarterly basis. Image Source: Zacks Investment Research In addition, the company’s revenue generated from its COVID-19 antibodies took a sizable hit as the pandemic slowly fades, reported at $38 million and falling 96% year-over-year. Several large-cap pharmaceutical companies benefitted significantly from their COVID-19 treatments and products, and now we’re seeing this trend reverse. Merck & Co. Q4 Merck posted better-than-expected results, exceeding the Zacks Consensus EPS Estimate by roughly 4% and reporting earnings of $1.62 per share. The company generated approximately $13.8 billion in sales, again exceeding our consensus sales estimate modestly and growing 2.2% year-over-year. Image Source: Zacks Investment Research In addition, the company provided guidance for FY23; Merck now expects worldwide sales of $57.2 billion – $58.7 billion and full-year GAAP EPS in a range of $5.86 per share – $6.01 per share. AbbVie Quarterly Estimates – Analysts have been bearish in their earnings outlooks, with four negative earnings estimate revisions hitting the tape over the last several months. Still, the Zacks Consensus EPS Estimate of $3.54 suggests an improvement of nearly 7% year-over-year. Image Source: Zacks Investment Research The company’s top line is also estimated to expand, with our consensus sales estimate of $15.4 billion indicating an uptick of 3% from year-ago quarterly sales of $14.9 billion. Quarterly Performance – The company has put in a mixed earnings performance, exceeding bottom line estimates in five consecutive quarters but falling short of sales expectations in each instance. In AbbVie’s latest print, the company delivered a 3% EPS surprise and reported sales roughly 0.8% below expectations. Image Source: Zacks Investment Research Valuation – ABBV shares currently trade at a 12.4X forward earnings multiple, above the 9.5X five-year median by a fair margin and nearly in line with 2022 highs. Image Source: Zacks Investment Research Further, ABBV’s forward price-to-sales works out to be 4.8X, again above the 3.7X five-year median and the Zacks Medical sector average. Image Source: Zacks Investment Research ABBV carries a Style Score of “B” for Value. Putting Everything Together As the critically-important earnings season continues to roll on, investors have been met with quarterly results that have helped keep the market afloat. Needless to say, the so-called earnings apocalypse has yet to materialize. Next week, AbbVie ABBV is slated to unveil its quarterly results on Thursday, February 9th, before market open. We’ve already received quarterly results from a few peers, including Eli Lilly LLY and Merck & Co. MRK. Analysts have lowered their earnings outlooks for AbbVie’s quarter to be reported, with estimates indicating Y/Y increases in earnings and revenue. In addition, the company’s forward price-to-sales and forward earnings multiple reside well above their respective five-year medians. Heading into the release, AbbVie is currently a Zacks Rank #3 (Hold). 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 Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	So far, we’ve received a surplus of quarterly results, including those from technology titans Apple AAPL, Alphabet GOOGL, and Microsoft MSFT. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. AbbVie enjoys leadership positions in key therapeutic areas, including immunology, hematologic oncology, neuroscience, aesthetics, eye care, and women’s health.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. So far, we’ve received a surplus of quarterly results, including those from technology titans Apple AAPL, Alphabet GOOGL, and Microsoft MSFT. Now, a big-time player in the Zacks Medical sector, AbbVie ABBV, is slated to unveil its quarterly results on Thursday, February 9th, before market open.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. So far, we’ve received a surplus of quarterly results, including those from technology titans Apple AAPL, Alphabet GOOGL, and Microsoft MSFT. Image Source: Zacks Investment Research In addition, the company provided guidance for FY23; Merck now expects worldwide sales of $57.2 billion – $58.7 billion and full-year GAAP EPS in a range of $5.86 per share – $6.01 per share.	So far, we’ve received a surplus of quarterly results, including those from technology titans Apple AAPL, Alphabet GOOGL, and Microsoft MSFT. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report AbbVie Inc. (ABBV) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. It’s that time of the year – earnings season.
17228.0	2023-02-03 00:00:00 UTC	Why Apple Stock Gained 11% in January	AAPL	https://www.nasdaq.com/articles/why-apple-stock-gained-11-in-january	nan	nan	What happened Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. According to data from S&P Global Market Intelligence, Apple finished the month up 11%, mostly tracking with the tech-heavy index. So what Though there were a number of signs of slowing demand for Apple in January, investors moved back into the stock as they anticipated an economic recovery coming later in the year and believed it is fully capable of weathering any headwinds from the current macro environment. Additionally, the stock had sold off at the end of 2022 on concerns about production challenges due to COVID outbreaks in China. Apple announced that it would take more of its chip design in-house, likely saving costs and giving it more control over the design. Bloomberg also reported that Apple was planning to roll out a mixed-reality headset, likely in June at its Worldwide Developer Conference. The headset will reportedly cost up to $3,000, though the company is also working on a cheaper version of it. Though Apple made some job cuts in its retail division and CEO Tim Cook took a pay cut, it was notable that the iPhone maker is now the only big tech company that has not announced major layoffs. There is little expectation that it will do so as the company did not ramp up hiring during the pandemic, unlike many of its big tech peers. That puts it in a better position than its rivals. Now what Apple reported fiscal first-quarter earnings on Feb. 2, and while the results were underwhelming, Apple stock actually rose on the news as Cook touted accomplishments like its installed base topping 2 billion devices; Cook also noted that production headwinds dented sales. Revenue in the quarter fell 5.5% to $117.1 billion, missing estimates of $121.1 billion, and earnings per share also slipped from $2.10 to $1.88, which was below the analyst consensus of $1.94. On a constant-currency basis, sales growth was flat. Despite expectations that those headwinds will continue into the second quarter, the company said that production has returned to normal levels and that it's done a lot of work to improve gross margins, which have benefited from the growth of the services segment. Considering its abundant competitive advantages and price-to-earnings ratio near that of the S&P 500, the stock looks well priced currently even if growth is expected to be weak this year. 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 Jeremy Bowman 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.	What happened Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. So what Though there were a number of signs of slowing demand for Apple in January, investors moved back into the stock as they anticipated an economic recovery coming later in the year and believed it is fully capable of weathering any headwinds from the current macro environment. Despite expectations that those headwinds will continue into the second quarter, the company said that production has returned to normal levels and that it's done a lot of work to improve gross margins, which have benefited from the growth of the services segment.	What happened Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Jeremy Bowman has no position in any of the stocks mentioned.	What happened Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. Now what Apple reported fiscal first-quarter earnings on Feb. 2, and while the results were underwhelming, Apple stock actually rose on the news as Cook touted accomplishments like its installed base topping 2 billion devices; Cook also noted that production headwinds dented sales. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen.	What happened Shares of Apple (NASDAQ: AAPL) were gaining in January, rising in line with the Nasdaq, which jumped on signs that inflation was cooling off and the Federal Reserve would reel in its interest rate hikes. The headset will reportedly cost up to $3,000, though the company is also working on a cheaper version of it. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
17229.0	2023-02-03 00:00:00 UTC	GLOBAL MARKETS-Stocks tumble, U.S. bond yields rise on strong jobs report	AAPL	https://www.nasdaq.com/articles/global-markets-stocks-tumble-u.s.-bond-yields-rise-on-strong-jobs-report	nan	nan	By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. The report from the Labor Department showed by 517,000 jobs in January, well above the 185,000 estimate of economists polled by Reuters, with data for December also being revised higher. Average hourly earnings increased 0.3%, as expected, down from the 0.4% in the prior month, while the unemployment rate of 3.4% was the lowest since 1969. Equities have rallied to start the year on expectations the Fed may be forced to pause or even pivot from its rate hikes in the back half of the year, growing more confident after comments from Fed Chair Powell on Wednesday that acknowledged the "disinflationary" process may have begun. Additional fuel was added after policy announcements by the European Central Bank (ECB) and Bank of England (BoE) on Thursday. "While it is very helpful to see the jobs increasing, it is really a horse race between that ongoing income and how quickly inflation comes down," said Lisa Erickson, head of public markets group at U.S. Bank Wealth Management in Minneapolis, Minnesota. "The Fed really is in a tough place trying to navigate between keeping those price pressures down and not causing too much economic pain." Interest rate futures now indicate the Fed is likely to deliver at least two more rate hikes, taking the benchmark rate to above 5%. U.S. stocks closed lower, with additional downward pressure being supplied by a 2.75% decline in Google parent AlphabetGOOGL.O and an 8.43% drop in AmazonAMZN.O after their quarterly results. Apple AAPL.O, however, helped prevent further declines, as the stock erased losses in premarket trading to close 2.44% higher following its quarterly earnings. Earnings are now expected to decline 2.7% for the quarter from the year-ago period, according to Refinitiv data, down from the 1.6% fall expected at the start of the year. Other data showed the U.S. services industry rebounded strongly in January, according to the Institute for Supply Management (ISM). The Dow Jones Industrial Average .DJI fell 127.93 points, or 0.38%, to 33,926.01; the S&P 500 .SPX lost 43.28 points, or 1.04%, to 4,136.48; and the Nasdaq Composite .IXIC dropped 193.86 points, or 1.59%, to 12,006.96. Even with Friday's declines, both the S&P 500 and Nasdaq notched weekly gains, with the Nasdaq securing a fifth straight week of gains, its longest since October-November 2021. European stocks closed modestly higher, erasing earlier declines on optimism over the region's economy. The pan-European STOXX 600 index .STOXX rose 0.34%, but MSCI's gauge of stocks across the globe .MIWD00000PUS shed 1.08%. The STOXX index closed with a 1.23% gain on the week, its highest closing level since April 21. MSCI's index was on track for a second straight weekly advance even with Friday's tumble. U.S. Treasury yields climbed after the payrolls report, with those on the benchmark 10-year note US10YT=RR up 13 basis points to 3.528%, from 3.398% late on Thursday, poised for their biggest one-day jump since Oct. 19. The greenback strengthened in the wake of the data, climbing off a nine-month on Thursday to hit 103.01, its highest since Jan. 12, as the dollar index =USD rose 1.149% and the euro EUR= was down 1.02% to $1.0799. The Japanese yen JPY= weakened 1.90% to 131.18 per dollar, while Sterling GBP= was last trading at $1.2053, down 1.39% on the day. Crude prices turned lower in part due to strength in the dollar and concerns about higher interest rates, with Brent and WTI both dropping nearly 8% on the week. U.S. crude CLc1 settled down 3.28% at $73.39 per barrel and Brent LCOc1 settled at $79.94, down 2.71% on the day. Non-farm payroll Non-farm payrollhttps://tmsnrt.rs/3djkUWS World FX rates YTDhttp://tmsnrt.rs/2egbfVh Average hourly earnings growth Average hourly earnings growthhttps://tmsnrt.rs/3COG6Cc (Reporting by Chuck Mikolajczak; additional reporting by Herbert Lash; Editing by Kirsten Donovan and Jonathan Oatis) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple AAPL.O, however, helped prevent further declines, as the stock erased losses in premarket trading to close 2.44% higher following its quarterly earnings. By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. "While it is very helpful to see the jobs increasing, it is really a horse race between that ongoing income and how quickly inflation comes down," said Lisa Erickson, head of public markets group at U.S. Bank Wealth Management in Minneapolis, Minnesota.	Apple AAPL.O, however, helped prevent further declines, as the stock erased losses in premarket trading to close 2.44% higher following its quarterly earnings. By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. European stocks closed modestly higher, erasing earlier declines on optimism over the region's economy.	Apple AAPL.O, however, helped prevent further declines, as the stock erased losses in premarket trading to close 2.44% higher following its quarterly earnings. By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. Crude prices turned lower in part due to strength in the dollar and concerns about higher interest rates, with Brent and WTI both dropping nearly 8% on the week.	Apple AAPL.O, however, helped prevent further declines, as the stock erased losses in premarket trading to close 2.44% higher following its quarterly earnings. By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. The STOXX index closed with a 1.23% gain on the week, its highest closing level since April 21.
17230.0	2023-02-03 00:00:00 UTC	US STOCKS-Wall Street ends down after stunning jobs growth raises Fed questions	AAPL	https://www.nasdaq.com/articles/us-stocks-wall-street-ends-down-after-stunning-jobs-growth-raises-fed-questions-0	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Nasdaq posts 5th straight weekly gain U.S. reports blowout job data; unemployment lowest since 1969 Megapcap earnings reactions: Apple up; Amazon, Alphabet slump Ford Motor drops on downbeat outlook Indexes down: Dow 0.38%, S&P 1.04%, Nasdaq 1.59% Updates with further market data By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 still posted a gain for the week, which included a string of major market events, and stood not far from five-month highs. The Nasdaq tallied its fifth straight weekly rise, its longest such streak since late 2021. U.S. job growth accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. The unemployment rate hit a more than 53-1/2-year low of 3.4%. In another sign of economic strength, U.S. services industry activity rebounded strongly in January. Investors have been balancing hopeful signs that the economy could avoid a feared recession against concerns about how long the Fed will keep interest rates high to rein in inflation. The S&P 500 gained earlier this week after comments that were more dovish than expected from Fed Chair Jerome Powell, who acknowledged progress in the fight against inflation. The jobs report "was an incredible surprise and it raises a lot of questions about what the Fed is going to do next,” said Kristina Hooper, chiefglobal marketstrategist at Invesco. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” The Dow Jones Industrial Average .DJI fell 127.93 points, or 0.38%, to 33,926.01, the S&P 500 .SPX lost 43.28 points, or 1.04%, to 4,136.48 and the Nasdaq Composite .IXIC dropped 193.86 points, or 1.59%, to 12,006.96. For the week, the S&P 500 rose 1.6%, the Dow slipped 0.15%, and the Nasdaq gained 3.3%. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled in 2022 have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing. “So many things were trading at bargain-basement prices three, four months ago," said Eric Kuby, chief investment officer at North Star Investment Management Corp. "That has gone away... I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose 2.4%. The company forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China. Shares of AmazonAMZN.O slumped 8.4% as the company said operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending. AlphabetGOOGL.O shares dropped 2.7% after the Google parent posted fourth-quarter profit and sales short of Wall Street expectations. In other corporate news, Ford MotorF.N shares slid 7.6% after the automaker predicted a difficult year ahead. Declining issues outnumbered advancing ones on the NYSE by a 2.82-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored decliners. The S&P 500 posted 16 new 52-week highs and one new low; the Nasdaq Composite recorded 127 new highs and 16 new lows. About 12.8 billion shares changed hands in U.S. exchanges, compared with the 11.9 billion daily average over the last 20 sessions. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian; Additional reporting by Shubham Batra; Editing by Sriraj Kalluvila, Maju Samuel and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose 2.4%. Investors have been balancing hopeful signs that the economy could avoid a feared recession against concerns about how long the Fed will keep interest rates high to rein in inflation. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled in 2022 have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose 2.4%. Nasdaq posts 5th straight weekly gain U.S. reports blowout job data; unemployment lowest since 1969 Megapcap earnings reactions: Apple up; Amazon, Alphabet slump Ford Motor drops on downbeat outlook Indexes down: Dow 0.38%, S&P 1.04%, Nasdaq 1.59% Updates with further market data By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” The Dow Jones Industrial Average .DJI fell 127.93 points, or 0.38%, to 33,926.01, the S&P 500 .SPX lost 43.28 points, or 1.04%, to 4,136.48 and the Nasdaq Composite .IXIC dropped 193.86 points, or 1.59%, to 12,006.96.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose 2.4%. Nasdaq posts 5th straight weekly gain U.S. reports blowout job data; unemployment lowest since 1969 Megapcap earnings reactions: Apple up; Amazon, Alphabet slump Ford Motor drops on downbeat outlook Indexes down: Dow 0.38%, S&P 1.04%, Nasdaq 1.59% Updates with further market data By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” The Dow Jones Industrial Average .DJI fell 127.93 points, or 0.38%, to 33,926.01, the S&P 500 .SPX lost 43.28 points, or 1.04%, to 4,136.48 and the Nasdaq Composite .IXIC dropped 193.86 points, or 1.59%, to 12,006.96.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose 2.4%. Nasdaq posts 5th straight weekly gain U.S. reports blowout job data; unemployment lowest since 1969 Megapcap earnings reactions: Apple up; Amazon, Alphabet slump Ford Motor drops on downbeat outlook Indexes down: Dow 0.38%, S&P 1.04%, Nasdaq 1.59% Updates with further market data By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. For the week, the S&P 500 rose 1.6%, the Dow slipped 0.15%, and the Nasdaq gained 3.3%.
17231.0	2023-02-03 00:00:00 UTC	Technology Sector Update for 02/03/2023: ITI, GOOG, GOOGL, AAPL, AI	AAPL	https://www.nasdaq.com/articles/technology-sector-update-for-02-03-2023%3A-iti-goog-googl-aapl-ai	nan	nan	Technology stocks extended their Friday retreat this afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.8% and the Philadelphia Semiconductor Index declining 1.9%. In company news, Iteris (ITI) rose over 12% after the roadway software and infrastructure company reported fiscal Q3 results beating Wall Street expectations, including a 27% year-over-year rise in revenue to a best-ever $40.7 million. Iteris Friday also named a new chief financial officer, hiring former Romeo Power CFO Kerry Shiba. C3.ai (AI) climbed almost 18% after DA Davidson began coverage of the artificial intelligence software firm's stock with a buy rating and a $30 price target. Apple (AAPL) rose 2.4%, rebounding from an early 2% decline, a day after the tech company reported fiscal Q1 non-GAAP net income and revenue trailing year-ago comparisons and also missing Wall Street expectations. Excluding one-time items, it earned $1.88 per share on $117.20 billion in revenue, lagging the Capital IQ forecast expecting $1.95 per share and $121.60 billion, respectively. To the downside, Alphabet (GOOG, GOOGL) shares were down 3.3% after reporting Q4 earnings of $1.05 per share, down from $1.53 per share a year earlier, and missing analysts' consensus estimate of $1.19. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple (AAPL) rose 2.4%, rebounding from an early 2% decline, a day after the tech company reported fiscal Q1 non-GAAP net income and revenue trailing year-ago comparisons and also missing Wall Street expectations. Iteris Friday also named a new chief financial officer, hiring former Romeo Power CFO Kerry Shiba. C3.ai (AI) climbed almost 18% after DA Davidson began coverage of the artificial intelligence software firm's stock with a buy rating and a $30 price target.	Apple (AAPL) rose 2.4%, rebounding from an early 2% decline, a day after the tech company reported fiscal Q1 non-GAAP net income and revenue trailing year-ago comparisons and also missing Wall Street expectations. In company news, Iteris (ITI) rose over 12% after the roadway software and infrastructure company reported fiscal Q3 results beating Wall Street expectations, including a 27% year-over-year rise in revenue to a best-ever $40.7 million. Excluding one-time items, it earned $1.88 per share on $117.20 billion in revenue, lagging the Capital IQ forecast expecting $1.95 per share and $121.60 billion, respectively.	Apple (AAPL) rose 2.4%, rebounding from an early 2% decline, a day after the tech company reported fiscal Q1 non-GAAP net income and revenue trailing year-ago comparisons and also missing Wall Street expectations. In company news, Iteris (ITI) rose over 12% after the roadway software and infrastructure company reported fiscal Q3 results beating Wall Street expectations, including a 27% year-over-year rise in revenue to a best-ever $40.7 million. To the downside, Alphabet (GOOG, GOOGL) shares were down 3.3% after reporting Q4 earnings of $1.05 per share, down from $1.53 per share a year earlier, and missing analysts' consensus estimate of $1.19.	Apple (AAPL) rose 2.4%, rebounding from an early 2% decline, a day after the tech company reported fiscal Q1 non-GAAP net income and revenue trailing year-ago comparisons and also missing Wall Street expectations. Technology stocks extended their Friday retreat this afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.8% and the Philadelphia Semiconductor Index declining 1.9%. In company news, Iteris (ITI) rose over 12% after the roadway software and infrastructure company reported fiscal Q3 results beating Wall Street expectations, including a 27% year-over-year rise in revenue to a best-ever $40.7 million.
17232.0	2023-02-03 00:00:00 UTC	US STOCKS-Wall Street ends down after stunning jobs growth raises Fed questions	AAPL	https://www.nasdaq.com/articles/us-stocks-wall-street-ends-down-after-stunning-jobs-growth-raises-fed-questions	nan	nan	By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 still posted a weekly gain and stood not far from five-month highs, while the Nasdaq tallied its fifth straight weekly rise, its longest such streak since late 2021. U.S. job growth accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. The unemployment rate hit a more than 53-1/2-year low of 3.4%. In another sign of economic strength, U.S. services industry activity rebounded strongly in January. Investors have been balancing hopeful signs that the economy could avoid a feared recession against concerns about how long the Fed will keep interest rates high to rein in inflation. The S&P 500 gained earlier this week after comments that were more dovish than expected from Fed Chair Jerome Powell, who acknowledged progress in the fight against inflation. The jobs report "was an incredible surprise and it raises a lot of questions about what the Fed is going to do next,” said Kristina Hooper, chiefglobal marketstrategist at Invesco. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” According to preliminary data, the S&P 500 .SPX lost 43.38 points, or 1.04%, to end at 4,136.14 points, while the Nasdaq Composite .IXIC lost 193.86 points, or 1.59%, to 12,007.24. The Dow Jones Industrial Average .DJI fell 129.96 points, or 0.38%, to 33,923.98. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled in 2022 have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing. “So many things were trading at bargain-basement prices three, four months ago," said Eric Kuby, chief investment officer at North Star Investment Management Corp. "That has gone away... I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose. The company forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China. Shares of AmazonAMZN.O slumped as the company said operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending. AlphabetGOOGL.O shares dropped after the Google parent posted fourth-quarter profit and sales short of Wall Street expectations. In other corporate news, Ford MotorF.N shares slid after the automaker predicted a difficult year ahead. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian; Additional reporting by Shubham Batra; Editing by Sriraj Kalluvila, Maju Samuel and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled in 2022 have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” According to preliminary data, the S&P 500 .SPX lost 43.38 points, or 1.04%, to end at 4,136.14 points, while the Nasdaq Composite .IXIC lost 193.86 points, or 1.59%, to 12,007.24.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” According to preliminary data, the S&P 500 .SPX lost 43.38 points, or 1.04%, to end at 4,136.14 points, while the Nasdaq Composite .IXIC lost 193.86 points, or 1.59%, to 12,007.24.	I think we are in a fair game now.” Shares of AppleAAPL.O, the largest U.S. company by market value, rose. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The Dow Jones Industrial Average .DJI fell 129.96 points, or 0.38%, to 33,923.98.
17233.0	2023-02-03 00:00:00 UTC	Why FAANG Stocks Made Big Moves Friday	AAPL	https://www.nasdaq.com/articles/why-faang-stocks-made-big-moves-friday	nan	nan	The stock market was broadly lower early Friday afternoon, with investors generally expressing concern at the possibility that the Federal Reserve could remain more restrictive in its monetary policy for a longer period of time. The January employment report released earlier in the day showed a stronger labor market than most had anticipated, suggesting that the interest rate hikes that the Fed has already made haven't yet shown up in terms of slowing job creation. The Nasdaq Composite (NASDAQINDEX: ^IXIC) lagged the rest of the market, with declines of more than 1% as of 1:15 p.m. ET. Many investors focus their attention on the biggest stocks in the market, and the popular FAANG stocks include some of the largest companies in the world. Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) all reported their latest financial results in the past 24 hours, and shareholders had mixed reactions to what these companies had to say. Apple moves higher Shares of Apple were up between 2% and 3% Friday afternoon. The iPhone maker reported fiscal first-quarter financial results for the period ending Dec. 31, and despite some headwinds for the business, shareholders seemed comfortable with the tech titan's numbers and the trends it's seeing. Apple's fiscal Q1 numbers showed some of the slowdown in consumer demand during the holiday season that many investors had expected. Revenue of $117.2 billion was down 5.5% year over year, with a nearly 8% drop in product sales offsetting a 6% rise in revenue from Apple services. Higher expenses also weighed on margins, with gross margin falling nearly a percentage point to 43%. Net income of $30 billion was down 13% from year-ago levels, producing earnings of $1.88 per share. Looking at specific products, iPad sales were the only category that rose, with iPhone revenue dropping more than 8%. Mac sales saw the biggest percentage hit, down 29%. Revenue challenges were consistent across Apple's global footprint. Apple's stock has fallen sharply from its highs, suggesting investors were afraid of even worse declines in key business metrics. Even though the company's report wasn't ideal, it nevertheless seemed to show a better picture than many had expected. Amazon and Alphabet sink Moving the other direction, Amazon shares fell 7%, while Alphabet suffered a 3% drop. Both companies reported financial results that left shareholders wanting more. Amazon's fourth-quarter report showed a 9% rise in sales to $149.2 billion, but net income plunged 98% to just $278 million, or $0.03 per share. Again, the big difference was the accounting hit that Amazon had to recognize in its investment in electric vehicle company Rivian Automotive, which lost ground in Q4 of 2022. Guidance for 4% to 8% year-over-year growth in the first quarter of 2023 and potential decreases in operating income also failed to inspire shareholders. At Alphabet, revenue inched higher by 1% in the fourth quarter of 2022 to $76.05 billion. However, a 5-percentage-point decline in operating margin to 24% weighed on profits, and the reversal of some extraordinary items led to about a one-third drop in net income to $13.62 billion. That worked out to earnings of $1.05 per share. CEO Sundar Pichai tried to point to the work Alphabet has done in artificial intelligence as starting to show signs of paying off, but concerns about the state of the advertising market going forward weighed on investor sentiment. The takeaway long-term investors should draw from all three reports is that even large companies have to adapt to changing conditions in the broader economy and their respective industries. Apple, Amazon, and Alphabet all have the financial resources to deploy to make strategic shifts, but it still takes vision to make the right decisions and keep shareholders confident in their long-run prospects. 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 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. Dan Caplinger has positions in Alphabet, Amazon.com, and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon.com, and 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.	Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) all reported their latest financial results in the past 24 hours, and shareholders had mixed reactions to what these companies had to say. The stock market was broadly lower early Friday afternoon, with investors generally expressing concern at the possibility that the Federal Reserve could remain more restrictive in its monetary policy for a longer period of time. The January employment report released earlier in the day showed a stronger labor market than most had anticipated, suggesting that the interest rate hikes that the Fed has already made haven't yet shown up in terms of slowing job creation.	Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) all reported their latest financial results in the past 24 hours, and shareholders had mixed reactions to what these companies had to say. Revenue of $117.2 billion was down 5.5% year over year, with a nearly 8% drop in product sales offsetting a 6% rise in revenue from Apple services. Amazon's fourth-quarter report showed a 9% rise in sales to $149.2 billion, but net income plunged 98% to just $278 million, or $0.03 per share.	Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) all reported their latest financial results in the past 24 hours, and shareholders had mixed reactions to what these companies had to say. 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 the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.	Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) all reported their latest financial results in the past 24 hours, and shareholders had mixed reactions to what these companies had to say. Even though the company's report wasn't ideal, it nevertheless seemed to show a better picture than many had expected. The Motley Fool has positions in and recommends Alphabet, Amazon.com, and Apple.
17234.0	2023-02-03 00:00:00 UTC	ETFs in Focus on Apple's First Earnings Miss Since 2016	AAPL	https://www.nasdaq.com/articles/etfs-in-focus-on-apples-first-earnings-miss-since-2016	nan	nan	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. A strong dollar, production issues in China affecting the iPhone 14 Pro and iPhone 14 Pro Max, and the overall macroeconomic environment were the major culprits. Apple dropped 5% in after-market hours on elevated volume. As such, ETFs having the largest allocation to the tech titan have been in focus in the days ahead. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC and iShares US Technology ETF IYW have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #2 (Buy). Apple Earnings in Focus Earnings per share came in at $1.88, missing the Zacks Consensus Estimate by 5 cents and declining 10.9% from the year-ago earnings. Revenues dropped 5.5% year over year to $117.1 billion and fell short of the estimated $121 billion. The worst performance came on the back of lower shipments of Apple’s high-end iPhones, which were hit by an outbreak of COVID-19 at an assembly hub run by partner Foxconn in Zhengzhou (read: What Lies Ahead for China ETFs in the Year of Rabbit?). iPhone sales declined 8.1% to $65.8 billion, while Mac sales dropped 28.7% to $7.7 billion. Revenues from Wearables, Home and Accessories, which include Apple Watch, AirPods, HomePod, Apple TV and Beats headphones, declined 8% to $13.8 billion. However, Services revenues, comprising iTunes, Apple Music, iCloud, Apple Pay and Apple Care, soared 6.4% year over year to a record $20.8 billion, while iPad sales climbed 29.7% to $9.4 billion. The tech giant expects fiscal second-quarter year-over-year revenue growth to be similar to the first quarter, adding that sales of Macs and iPads would probably fall by double digits in part because of a “challenging” economic environment. ETFs to Buy Technology Select Sector SPDR Fund (XLK) Technology Select Sector SPDR Fund targets the broad technology sector and follows the Technology Select Sector Index. It holds about 76 securities in its basket, with Apple making up for a 22% share. Technology Select Sector SPDR Fund has key holdings in software, technology hardware, storage & peripherals, semiconductors & semiconductor equipment and IT services (read: 5 Tech ETFs Riding High on Sectors' Comeback to Start 2023). Technology Select Sector SPDR Fund is the most popular and heavily traded ETF, with AUM of $40.7 billion and an average daily volume of 6 million shares. The fund charges 10 bps in fees per year. Vanguard Information Technology ETF (VGT) Vanguard Information Technology ETF manages about $42.6 billion in its asset base and provides exposure to 368 technology stocks. It currently tracks the MSCI US Investable Market Information Technology 25/50 Index. Here, Apple accounts for a 20.4% share. Systems software, technology hardware, storage & peripheral, and semiconductors are the top three sectors. Vanguard Information Technology ETF has an expense ratio of 0.10%, while volume is solid at nearly 696,000 shares. MSCI Information Technology Index ETF (FTEC) MSCI Information Technology Index ETF is home to 367 technology stocks with AUM of $5.4 billion. It follows the MSCI USA IMI Information Technology Index. Apple accounts for a 20.4% allocation. MSCI Information Technology Index ETF has an expense ratio of 0.08%, while volume is solid at 173,000 shares a day (see: all the Technology ETFs here). iShares US Technology ETF (IYW) iShares Dow Jones US Technology ETF tracks the Russell 1000 Technology RIC 22.5/45 Capped Index, giving investors exposure to 140 U.S. electronics, computer software and hardware, and informational technology companies. Apple makes up for a 17.4% of the assets. iShares Dow Jones US Technology ETF has AUM of $8.7 billion and charges 39 bps in fees and expenses. Volume is good as it exchanges 482,000 shares a day. 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 Technology Select Sector SPDR ETF (XLK): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	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 Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here. The worst performance came on the back of lower shipments of Apple’s high-end iPhones, which were hit by an outbreak of COVID-19 at an assembly hub run by partner Foxconn in Zhengzhou (read: What Lies Ahead for China ETFs in the Year of Rabbit?	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports 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. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC and iShares US Technology ETF IYW have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #2 (Buy).	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports 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. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC and iShares US Technology ETF IYW have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #2 (Buy).	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports Fidelity MSCI Information Technology Index ETF (FTEC): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports 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. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC and iShares US Technology ETF IYW have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #2 (Buy).
17235.0	2023-02-03 00:00:00 UTC	US STOCKS-Wall Street sinks after stunning jobs growth raises questions about Fed	AAPL	https://www.nasdaq.com/articles/us-stocks-wall-street-sinks-after-stunning-jobs-growth-raises-questions-about-fed	nan	nan	By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 was still set to end the week with gains and was not far from five-month highs, while the Nasdaq was on pace for its fifth straight weekly rise. U.S. job growth accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. The unemployment rate hit a more than 53-1/2-year low of 3.4%. In another sign of economic strength, U.S. services industry activity rebounded strongly in January. Investors have been balancing hopeful signs that the economy could avoid a feared recession against concerns about how long the Fed will keep interest rates high to rein in inflation. The S&P 500 gained earlier this week after more dovish-than-expected comments from Fed Chair Jerome Powell, who acknowledged progress in the fight against inflation. The jobs report "was an incredible surprise and it raises a lot of questions about what the Fed is going to do next,” said Kristina Hooper, chiefglobal marketstrategist at Invesco. “What I think is causing some of the volatility is markets trying to make sense of how the Fed will perceive this.” The Dow Jones Industrial Average .DJI fell 132.16 points, or 0.39%, to 33,921.78, the S&P 500 .SPX lost 37.88 points, or 0.91%, to 4,141.88 and the Nasdaq Composite .IXIC dropped 152.08 points, or 1.25%, to 12,048.74. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled last year have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing. Shares of AppleAAPL.O, the largest U.S. company by market value, were up 3%. The company forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China. Shares of AmazonAMZN.O slumped more than 7% as the company said operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending. AlphabetGOOGL.O shares shed over 2% after the Google parent posted fourth-quarter profit and sales short of Wall Street expectations. In other corporate news, Ford MotorF.N shares slid over 7% after the automaker predicted a difficult year ahead. Declining issues outnumbered advancing ones on the NYSE by a 2.69-to-1 ratio; on Nasdaq, a 1.55-to-1 ratio favored decliners. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 103 new highs and 10 new lows. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian; Additional reporting by Shubham Batra; Editing by Sriraj Kalluvila, Maju Samuel and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of AppleAAPL.O, the largest U.S. company by market value, were up 3%. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. Investors have been balancing hopeful signs that the economy could avoid a feared recession against concerns about how long the Fed will keep interest rates high to rein in inflation.	Shares of AppleAAPL.O, the largest U.S. company by market value, were up 3%. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 103 new highs and 10 new lows.	Shares of AppleAAPL.O, the largest U.S. company by market value, were up 3%. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Major U.S. stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled last year have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing.	Shares of AppleAAPL.O, the largest U.S. company by market value, were up 3%. Wall Street's main indexes have had a solid start to the year as tech and other stocks that struggled last year have rebounded, fueled by hopes that the Fed's rate hikes would soon end and the economy might be able to navigate a soft landing. Shares of AmazonAMZN.O slumped more than 7% as the company said operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.
17236.0	2023-02-03 00:00:00 UTC	GLOBAL MARKETS-Stocks fall, U.S. bond yields jump on strong jobs report	AAPL	https://www.nasdaq.com/articles/global-markets-stocks-fall-u.s.-bond-yields-jump-on-strong-jobs-report	nan	nan	By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks slumped while U.S. Treasury yields and the dollar shot higher on Friday after a surprisingly strong U.S. jobs report rekindled concerns the Federal Reserve may need to stay aggressive in its rate hike path in order to tame inflation. The report from the Labor Department showed by 517,000 jobs in January, well above the 185,000 estimate of economists polled by Reuters, with data for December also being revised higher. Equities have rallied to start the year on expectations the Fed may be forced to pause or even pivot from its rate hikes in the back half of the year, growing more confident after comments from Fed Chair Powell on Wednesday that acknowledged the "disinflationary" process may have begun. Additional fuel was added after policy announcements by the European Central Bank (ECB) and Bank of England (BoE) on Thursday. "Anyone who is calling for any sort of a recession now, I don’t know how you can get a recession when you are getting half a million people hired in one report, and you get upward revisions for the past two months and the breadth on the support was pretty incredible, it was almost across the board in a lot of these areas where you saw these increases," said Shawn Cruz, Head Trading Strategist at TD Ameritrade in Chicago. "So this is kind of a blockbuster report, it is certainly going to put the Fed in a difficult spot." Interest rate futures now indicate the Fed is likely to deliver at least two more interest-rate hikes, taking the benchmark rate to above 5%. U.S. stocks opened lower after the report, with additional downward pressure being supplied by a 1.01% decline in Google parent Alphabet and a 5.46% drop in AmazonAMZN.O after their quarterly results. Apple, however, helped curb declines, erasing losses in premarket trading to trade 3.52% higher following its quarterly earnings. Other data showed the U.S. services industry rebounded strongly in January, according to the Institute for Supply Management (ISM). The Dow Jones Industrial Average .DJI fell 13.97 points, or 0.04%, to 34,039.97, the S&P 500 .SPX lost 15.18 points, or 0.36%, to 4,164.58 and the Nasdaq Composite .IXIC dropped 51.84 points, or 0.42%, to 12,148.98. European stocks edged higher, erasing earlier declines. The pan-European STOXX 600 index .STOXX rose 0.07% but MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.57%. U.S. Treasury yields climbed after the payrolls report with those on the benchmark 10-year note US10YT=RR up 14.9 basis points to 3.547%, from 3.398% late on Thursday, poised for their biggest one-day jump since Oct. 5. The greenback strengthened in the wake of the data, climbing off a 9-month low hit on Thursday, with the dollar index =USD 0.737% higher and the euro EUR= down 0.55% to $1.085. The Japanese yen weakened 1.72% to 130.90 per dollar, while Sterling GBP= was last trading at $1.2105, down 0.97% on the day. Crude prices advanced but were still poised for a weekly decline. U.S. crude CLc1 was up 2.62% at $77.87 per barrel and Brent LCOc1 was at $84.05, up 2.29% on the day. Non-farm payroll Non-farm payrollhttps://tmsnrt.rs/3djkUWS World FX rates YTDhttp://tmsnrt.rs/2egbfVh (Reporting by Chuck Mikolajczak; Editing by Kirsten Donovan) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks slumped while U.S. Treasury yields and the dollar shot higher on Friday after a surprisingly strong U.S. jobs report rekindled concerns the Federal Reserve may need to stay aggressive in its rate hike path in order to tame inflation. U.S. stocks opened lower after the report, with additional downward pressure being supplied by a 1.01% decline in Google parent Alphabet and a 5.46% drop in AmazonAMZN.O after their quarterly results. U.S. Treasury yields climbed after the payrolls report with those on the benchmark 10-year note US10YT=RR up 14.9 basis points to 3.547%, from 3.398% late on Thursday, poised for their biggest one-day jump since Oct. 5.	By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks slumped while U.S. Treasury yields and the dollar shot higher on Friday after a surprisingly strong U.S. jobs report rekindled concerns the Federal Reserve may need to stay aggressive in its rate hike path in order to tame inflation. European stocks edged higher, erasing earlier declines. Non-farm payroll Non-farm payrollhttps://tmsnrt.rs/3djkUWS World FX rates YTDhttp://tmsnrt.rs/2egbfVh (Reporting by Chuck Mikolajczak; Editing by Kirsten Donovan) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	By Chuck Mikolajczak NEW YORK, Feb 3 (Reuters) - A gauge of global stocks slumped while U.S. Treasury yields and the dollar shot higher on Friday after a surprisingly strong U.S. jobs report rekindled concerns the Federal Reserve may need to stay aggressive in its rate hike path in order to tame inflation. "Anyone who is calling for any sort of a recession now, I don’t know how you can get a recession when you are getting half a million people hired in one report, and you get upward revisions for the past two months and the breadth on the support was pretty incredible, it was almost across the board in a lot of these areas where you saw these increases," said Shawn Cruz, Head Trading Strategist at TD Ameritrade in Chicago. Non-farm payroll Non-farm payrollhttps://tmsnrt.rs/3djkUWS World FX rates YTDhttp://tmsnrt.rs/2egbfVh (Reporting by Chuck Mikolajczak; Editing by Kirsten Donovan) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The report from the Labor Department showed by 517,000 jobs in January, well above the 185,000 estimate of economists polled by Reuters, with data for December also being revised higher. Apple, however, helped curb declines, erasing losses in premarket trading to trade 3.52% higher following its quarterly earnings. U.S. Treasury yields climbed after the payrolls report with those on the benchmark 10-year note US10YT=RR up 14.9 basis points to 3.547%, from 3.398% late on Thursday, poised for their biggest one-day jump since Oct. 5.
17237.0	2023-02-03 00:00:00 UTC	Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH	AAPL	https://www.nasdaq.com/articles/daily-dividend-report%3A-mcdaaplgildmchpaph	nan	nan	Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023. Apple— today announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88. Apple's board of directors has declared a cash dividend of $0.23 per share of the Company's common stock. The dividend is payable on February 16, 2023 to shareholders of record as of the close of business on February 13, 2023. Gilead Sciences today announced that the company's Board of Directors has declared an increase of 2.7% in the company's quarterly cash dividend, beginning in the first quarter of 2023. The increase will result in a quarterly dividend of $0.75 per share of common stock. The dividend is payable on March 30, 2023, to stockholders of record at the close of business on March 15, 2023. Microchip Technology, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 35.8 cents per share. The dividend is payable on March 7, 2023, to stockholders of record on February 21, 2023. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 76 times since its inception. "Microchip's financial performance in the December 2022 quarter was very strong, resulting in solid cash generation and significant debt reduction," said Steve Sanghi, Executive Chair. "Today, our Board of Directors approved a year-over-year increase in our dividend of 41.5% to 35.8 cents per share, up from our February 2022 dividend of 25.3 cents per share. This represents 82 consecutive quarters of dividend payments for Microchip and reflects confidence in the cash-generating capability of our business, as well as our ongoing commitment to returning capital to our stockholders." Amphenol announced today that its Board of Directors approved the first quarter 2023 dividend on its Common Stock in the amount of $0.21 per share at its meeting held on February 2, 2023. The Company will pay this first quarter 2023 dividend on April 12, 2023 to shareholders of record as of March 21, 2023. VIDEO: Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	VIDEO: Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Microchip Technology, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 35.8 cents per share. "Microchip's financial performance in the December 2022 quarter was very strong, resulting in solid cash generation and significant debt reduction," said Steve Sanghi, Executive Chair.	VIDEO: Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023. Gilead Sciences today announced that the company's Board of Directors has declared an increase of 2.7% in the company's quarterly cash dividend, beginning in the first quarter of 2023.	VIDEO: Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023. Gilead Sciences today announced that the company's Board of Directors has declared an increase of 2.7% in the company's quarterly cash dividend, beginning in the first quarter of 2023.	VIDEO: Daily Dividend Report: MCD,AAPL,GILD,MCHP,APH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023. Gilead Sciences today announced that the company's Board of Directors has declared an increase of 2.7% in the company's quarterly cash dividend, beginning in the first quarter of 2023.
17238.0	2023-02-03 00:00:00 UTC	GRAPHIC-Tech trillion club's wobble in four charts	AAPL	https://www.nasdaq.com/articles/graphic-tech-trillion-clubs-wobble-in-four-charts-0	nan	nan	Updates shares Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The tech industry has already laid off thousands of employees in an effort to cut costs as it braces for an impending slowdown. The following graphics highlight the companies' shaky performance in key areas: WEAK IPHONE SALES The world's largest publicly traded company's quarterly profit missed Wall Street expectations for the first time since 2016 as it struggled with disruptions to iPhone production in China. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. DIGITAL ADVERTISING SLUMP The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession. "If a dominant ad player like Google can get hit like this, it is now officially a tough ad market," said Rosenblatt Securities analyst Barton Crockett. SLOW CLOUD GROWTH Amazon's revenue beat for the holiday quarter was largely overshadowed by a warning from the e-commerce giant that its lucrative cloud business was set for slower growth in the next few quarters. "This year is likely to be a difficult year for AWS growth. One of the key advantages of AWS – that it is easy to flex spending upwards – is also one of its key disadvantages when the economy slows down," said Atlantic Equities analyst James Cordwell. POST-EARNINGS STOCK REACTION Shares of the three companies - all of which have market valuations of more than a trillion dollars - were trading between -4.9% and 1.5%. The stock slump also dragged the wider market lower. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Updates shares Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The world's largest publicly traded company's quarterly profit missed Wall Street expectations for the first time since 2016 as it struggled with disruptions to iPhone production in China. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Updates shares Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession.	Updates shares Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. "Apple's results are consistent with the broader technology-sector challenges, with a difficult macroeconomic environment slowing sales for digital advertising, e-commerce, and (as reflected by Apple's performance) consumer electronics," said D.A Davidson analyst Thomas Forte. The parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession.	Updates shares Feb 3 (Reuters) - Disappointing earnings from Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com AMZN.O on Thursday renewed concerns of a slowdown in demand as consumers and businesses remain cautious about spending amid rising economic uncertainty. The world's largest publicly traded company's quarterly profit missed Wall Street expectations for the first time since 2016 as it struggled with disruptions to iPhone production in China. .N Here is how the stocks have reacted after every quarterly earnings report in 2022: Apple's iPhone sales fall for the first time since 2020https://tmsnrt.rs/3JCRVP7 Google's ad sales growth in the last 2 yearshttps://tmsnrt.rs/3kV3erF Amazon's cloud growth in the last two yearshttps://tmsnrt.rs/40v2fiu Big tech stock reaction after quarterly results over the past yearhttps://tmsnrt.rs/3RssZvR (Reporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
17239.0	2023-02-03 00:00:00 UTC	Wall St falls as jobs data fans higher rate fears	AAPL	https://www.nasdaq.com/articles/wall-st-falls-as-jobs-data-fans-higher-rate-fears	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. U.S. job growth accelerates in Jan, jobless rate ticks down Amazon, Alphabet fall on disappointing results Ford drops on downbeat outlook Tesla climbs on strong Jan sales in China Indexes down: Nasdaq 0.32%, S&P 0.34%, Dow 0.15% Updates prices, details By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. The Labor Department's nonfarm payrolls report showed 517,000 job additions in January, almost three times expectations of 185,000 additions. The unemployment rate ticked down 3.4% in January to hit a more than 53-1/2-year low. "Whenever we see these big numbers, the fear of the Fed comes back with a vengeance because people are probably afraid that the Fed is going to push things even further than what they have, running the risk of not soft landing, but more of a car crash," said Brian Jacobsen, senior investment strategist for Allspring Global Investments. Money markets expect the U.S. central bank to hike rates two more times before stopping, after the Fed raised its target rate by 25 basis points on Wednesday. Rates are seen peaking at 4.95% by June, compared with 4.91% before the data. 0#FEDWATCH Worries of higher rates for longer amplified the downbeat mood set by disappointing results from megacap growth companies. Apple Inc AAPL.O forecast another revenue decline at the start of the year, but its shares reversed course to trade 3% higher. Amazon.com Inc AMZN.O fell 4.5% as it warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet Inc GOOGL.O missed Wall Street estimates for fourth-quarter results, sending its shares down 1.5%. The results looked set to snap the previous session's rally on Fed Chair Jerome Powell's repeated references to the "disinflationary" process being underway in his remarks after Wednesday's meeting. The three main Wall Street indexes were still set for gains this week. The Nasdaq .IXIC eyed its fifth consecutive weekly advance, its best streak since October. At 10:18 a.m. ET, the Dow Jones Industrial Average .DJI was down 52.53 points, or 0.15%, at 34,001.41, the S&P 500 .SPX was down 14.19 points, or 0.34%, at 4,165.57, and the Nasdaq Composite .IXIC was down 38.81 points, or 0.32%, at 12,162.01. Ten of the top 11 S&P 500 sectors fell with only energy stocks .SPNY in positive territory as oil prices rose. Ford Motor CoF.N dropped 8.1% after missing quarterly earnings expectations while also warning of a rocky year ahead. In a bright spot, Tesla Inc TSLA.O jumped 5.6%, boosted by strong January electric vehicle sales in China. Nearly 70% of half the S&P 500 firms that reported fourth-quarter earnings have topped Wall Street expectations. Analysts now see earnings of S&P 500 firms declining 2.7% for the quarter, according to Refinitiv. Declining issues outnumbered advancers for a 2.41-to-1 ratio on the NYSE and for a 1.44-to-1 ratio on the Nasdaq. The S&P index recorded eight new 52-week highs and no new low, while the Nasdaq recorded 54 new highs and five new lows. (Reporting by Shubham Batra, Shreyashi Sanyal and Johann M Cherian; Editing by Sriraj Kalluvila) ((Shubham.Batra@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.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but its shares reversed course to trade 3% higher. U.S. job growth accelerates in Jan, jobless rate ticks down Amazon, Alphabet fall on disappointing results Ford drops on downbeat outlook Tesla climbs on strong Jan sales in China Indexes down: Nasdaq 0.32%, S&P 0.34%, Dow 0.15% Updates prices, details By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. Amazon.com Inc AMZN.O fell 4.5% as it warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet Inc GOOGL.O missed Wall Street estimates for fourth-quarter results, sending its shares down 1.5%.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but its shares reversed course to trade 3% higher. U.S. job growth accelerates in Jan, jobless rate ticks down Amazon, Alphabet fall on disappointing results Ford drops on downbeat outlook Tesla climbs on strong Jan sales in China Indexes down: Nasdaq 0.32%, S&P 0.34%, Dow 0.15% Updates prices, details By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. The Labor Department's nonfarm payrolls report showed 517,000 job additions in January, almost three times expectations of 185,000 additions.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but its shares reversed course to trade 3% higher. U.S. job growth accelerates in Jan, jobless rate ticks down Amazon, Alphabet fall on disappointing results Ford drops on downbeat outlook Tesla climbs on strong Jan sales in China Indexes down: Nasdaq 0.32%, S&P 0.34%, Dow 0.15% Updates prices, details By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. Money markets expect the U.S. central bank to hike rates two more times before stopping, after the Fed raised its target rate by 25 basis points on Wednesday.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but its shares reversed course to trade 3% higher. U.S. job growth accelerates in Jan, jobless rate ticks down Amazon, Alphabet fall on disappointing results Ford drops on downbeat outlook Tesla climbs on strong Jan sales in China Indexes down: Nasdaq 0.32%, S&P 0.34%, Dow 0.15% Updates prices, details By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. The three main Wall Street indexes were still set for gains this week.
17240.0	2023-02-03 00:00:00 UTC	Apple (AAPL) Q1 Earnings Miss Estimates, Revenues Decline Y/Y	AAPL	https://www.nasdaq.com/articles/apple-aapl-q1-earnings-miss-estimates-revenues-decline-y-y	nan	nan	Apple AAPL reported first-quarter fiscal 2023 earnings of $1.88 per share, which missed the Zacks Consensus Estimate by 2.59% but beat our estimate of $1.87 per share. The reported earnings figure decreased 10.5% year over year. Net sales decreased 5.5% year over year to $117.15 billion, which missed the Zacks Consensus Estimate by 3.34% and our estimate of $118.32 billion. Unfavorable forex hurt revenues by more than 800 basis points (bps). iPhone sales decreased 8.2% from the year-ago quarter to $65.78 billion and accounted for 56.1% of total sales. However, the figure missed the consensus mark of $68.53 billion. Our estimate for fiscal first-quarter iPhone sales was pegged at $60.96 billion. Apple Inc. Price, Consensus and EPS Surprise Apple Inc. price-consensus-eps-surprise-chart \| Apple Inc. Quote iPhone sales fell due to supply shortages for iPhone 14 Pro and iPhone 14 Pro Max in November and through December due to COVID-19 issues in China. Services revenues grew 6.4% from the year-ago quarter to $20.77 billion and accounted for 17.7% of sales. The figure beat the Zacks Consensus Estimate by 1.06%. Our estimate for fiscal first-quarter Services revenues was pegged at $20.21 billion. Apple now has more than 935 million paid subscribers across its Services portfolio, up 35 million sequentially and 150 million year over year. Geographical Details America’s sales decreased 4.3% year over year to $49.28 billion and accounted for 42.1% of total sales. The figure missed the Zacks Consensus Estimate by 2.67% and our estimate of $51.15 billion. Europe generated $27.68 billion in sales, down 7% on a year-over-year basis. The region accounted for 25.3% of total sales. Europe’s sales missed the consensus mark by 4.2% and our estimate of $28.54 billion. Greater China sales decreased 7.3% from the year-ago quarter to $23.91 billion, accounting for 20.4% of total sales. The figure beat the consensus mark by 3.73% and our estimate of $22.02 billion. Japan’s sales of $6.76 billion missed the Zacks Consensus Estimate by 14.48% and our estimate of $7.86 billion. Japan’s sales decreased 5% year over year, accounting for 5.8% of total sales. Rest of the Asia Pacific generated sales of $9.54 billion, down 2.8% year over year. The region accounted for 7.1% of total sales. The figure beat the consensus mark by 6% and our estimate of $8.77 billion. Top-Line Details Product sales (82.3% of sales) decreased 7.7% year over year to $96.39 billion. Non-iPhone revenues (iPad, Mac and Wearables) decreased 6.7% on a combined basis. iPad sales of $9.4 billion improved 29.6% year over year and accounted for 8% of total sales. The figure beat the consensus mark by 22.51% and our estimate of $8.98 billion. Mac sales of $7.74 billion decreased 28.7% from the year-ago quarter and accounted for 6.6% of total sales. The figure missed the consensus mark by 20.32% and our estimate of $12.17 billion. Wearables, Home and Accessories sales decreased 8.3% year over year to $13.48 billion and accounted for 10.7% of total sales. The figure missed the Zacks Consensus Estimate by 12.57% and our estimate of $15.99 billion. Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased the Apple Watch in the reported quarter were first-time customers. Operating Details The gross margin of 43% contracted 80 bps on a year-over-year basis. However, the gross margin decreased 40 bps sequentially due to unfavorable forex. Products’ gross margin expanded 240 bps sequentially to 37%. Services’ gross margin was 70.8%, up 30 bps sequentially. Operating expenses rose 17.1% year over year to $14.32 billion due to higher research and development, and selling, general and administrative expenses, which increased 33.6% and 2.4%, respectively. Operating margin contracted 270 bps on a year-over-year basis to 30.7%. Balance Sheet As of Dec 31, 2022, cash and marketable securities were $165.45 billion compared with $169.11 billion as of Sep 24, 2022. Term debt, as of Dec 31, 2022, was $109.37 billion, down from $110.09 billion as of Sep 24, 2022. Apple returned more than $25 billion in the reported quarter through dividend payouts ($3.8 billion) and share repurchases ($19 billion). Guidance Apple did not provide revenue guidance for the second quarter of fiscal 2023. It expects the March quarter’s year-over-year revenue growth to be similar to that of the December quarter due to unfavorable forex of roughly 5%. Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, as well as weakness in digital advertising and gaming. Nevertheless, revenues are expected to grow year over year. For iPhone, Apple expects the March quarter’s year-over-year revenue growth to accelerate relative to the December quarter’s year-over-year revenue growth. For Mac and iPad, revenues are expected to decline in double digits on a year-over-year basis due to challenging comparison and macroeconomic headwinds. The gross margin is expected between 43.5% and 44.5% in the fiscal second quarter. Operating expenses are expected between $13.7 billion and $13.9 billion. Zacks Rank & Stocks to Consider Currently, Apple has a Zacks Rank #3 (Hold). Cambium Networks CMBM, Bruker BRKR and RingCentral RNG are some better-ranked stocks that investors can consider in the broader sector. While Cambium sports a Zacks Rank #1 (Strong Buy), both Bruker and RingCentral carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Cambium shares have declined 9.9% in the past year. CMBM is set to report its fourth-quarter 2022 results on Feb 16. Bruker shares have gained 8.2% in the past year. BRKR is set to report its fourth-quarter 2022 results on Feb 9. RingCentral shares have declined 70.4% in the past year. RNG is set to report its fourth-quarter 2022 results on Feb 15. 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 Bruker Corporation (BRKR) : Free Stock Analysis Report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Cambium Networks Corporation (CMBM) : 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.	Apple AAPL reported first-quarter fiscal 2023 earnings of $1.88 per share, which missed the Zacks Consensus Estimate by 2.59% but beat our estimate of $1.87 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Bruker Corporation (BRKR) : Free Stock Analysis Report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Cambium Networks Corporation (CMBM) : Free Stock Analysis Report To read this article on Zacks.com click here. Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, as well as weakness in digital advertising and gaming.	Apple AAPL reported first-quarter fiscal 2023 earnings of $1.88 per share, which missed the Zacks Consensus Estimate by 2.59% but beat our estimate of $1.87 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Bruker Corporation (BRKR) : Free Stock Analysis Report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Cambium Networks Corporation (CMBM) : Free Stock Analysis Report To read this article on Zacks.com click here. However, the gross margin decreased 40 bps sequentially due to unfavorable forex.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Bruker Corporation (BRKR) : Free Stock Analysis Report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Cambium Networks Corporation (CMBM) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple AAPL reported first-quarter fiscal 2023 earnings of $1.88 per share, which missed the Zacks Consensus Estimate by 2.59% but beat our estimate of $1.87 per share. Net sales decreased 5.5% year over year to $117.15 billion, which missed the Zacks Consensus Estimate by 3.34% and our estimate of $118.32 billion.	Apple AAPL reported first-quarter fiscal 2023 earnings of $1.88 per share, which missed the Zacks Consensus Estimate by 2.59% but beat our estimate of $1.87 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Bruker Corporation (BRKR) : Free Stock Analysis Report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Cambium Networks Corporation (CMBM) : Free Stock Analysis Report To read this article on Zacks.com click here. The reported earnings figure decreased 10.5% year over year.
17241.0	2023-02-03 00:00:00 UTC	ANALYSIS-From Meta to Microsoft, AI's big moment is here	AAPL	https://www.nasdaq.com/articles/analysis-from-meta-to-microsoft-ais-big-moment-is-here	nan	nan	By Jeffrey Dastin Feb 3 (Reuters) - Big Tech companies have a new obsession: artificial intelligence. This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters. Executives from Microsoft Corp MSFT.O and Alphabet Inc GOOGL.O, behind the latest big rivalry in tech, took their battle to the conference-call front lines. On Thursday, Alphabet appeared to edge out the competition. The Google-owner's call referred to AI 45 times, up from 13 times at the end of the third quarter, outpacing Microsoft, whose call was peppered with 39 references, up from 15 in the previous quarter. The release of software that can generate virtually text and images, exemplified by ChatGPT, a chatbot from the startup OpenAI, has set off a race to integrate AI into more products and for investors to bet on which company will emerge on top. Microsoft's investment in OpenAI and aggressive efforts to make ChatGPT widely available to its cloud customers, among other plans, represent a new challenge to Alphabet. Industry observers have said embedding human-like, ChatGPT-style responses in Microsoft's Bing search engine could give it a leg up on Alphabet's Google, long the information search leader. In a potential nod to the public's ChatGPT fixation, Alphabet CEO Sundar Pichai said Google remained in the game. "We'll pursue this work boldly, but with a deep sense of responsibility," he said. AI software will be an important focus for Alphabet, which is planning to make its own LaMDA chatbot software publicly available in the coming weeks, he added. David Heger, an analyst with Edward Jones, said Google was opening up more about its large AI investments after staying quiet. "They were much more vocal about how that benefits pretty much all parts of their business and how they expect that to be further integrated into their business going forward," he said. SHAPING SOCIAL MEDIA Snap Inc SNAP.N CEO Evan Spiegel said on the social media company's fourth-quarter call that generative AI would be critical over the next five years to growing augmented reality (AR), which is important to its business. That technology, which overlays computerized images onto the real world, is currently limited because artists must build 3D models, but generative AI can speed up the process, Spiegel said. "Imagine playing around with your kids wearing AR glasses and saying, 'oh my gosh, there's a pirate ship and a big monster.' We can bring those to life using generative (AI) art, which I think is really exciting," he said. Mark Zuckerberg likewise called generative AI "an extremely exciting new area" on Wednesday during a conference call that referenced the phrase 30 times, up from 22 times in the previous quarter. The Facebook founder and CEO of Meta Platforms Inc META.O, whose shares rocketed 20% after reporting financial results, said users could expect the company to "launch a number of different things this year" in generative AI. Meta plans to incorporate the new technology across almost all its products, such as generating images, videos, avatars and 3D assets, Zuckerberg said. The software will help content creators produce more across Meta's apps, he added. And marketers could use generative AI to help with written copy for their paid posts or create imagery and video, Nicola Mendelsohn, vice president of the global business group for Meta, said in an interview. "One of my goals for Meta is to build on our research to become a leader in generative AI," said Zuckerberg. Even at Apple Inc AAPL.O, where hardware such as the iPhone has reigned supreme, AI is a big part of the future. Asked by an analyst about Apple's AI strategy, Chief Executive Tim Cook said Thursday the company is using such tech to power features like car crash detection in its iPhone and Apple Watch, and that it will be applied throughout Apple's products and services. "We see an enormous potential in this space to affect virtually everything we do," Cook said. "It's obviously a horizontal technology, not a vertical. And so it will affect every product and every service that we have." (Reporting By Sheila Dang, Greg Bensinger, Stephen Nellis, Nivedita Balu, Tiyashi Datta, Chavi Mehta, Yuvraj Malik and Jeffrey Dastin; editing by Kenneth Li, Aditya Soni and Jonathan Oatis) ((Jeffrey.Dastin@thomsonreuters.com; +1 424 434 7548;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Even at Apple Inc AAPL.O, where hardware such as the iPhone has reigned supreme, AI is a big part of the future. The release of software that can generate virtually text and images, exemplified by ChatGPT, a chatbot from the startup OpenAI, has set off a race to integrate AI into more products and for investors to bet on which company will emerge on top. The Facebook founder and CEO of Meta Platforms Inc META.O, whose shares rocketed 20% after reporting financial results, said users could expect the company to "launch a number of different things this year" in generative AI.	Even at Apple Inc AAPL.O, where hardware such as the iPhone has reigned supreme, AI is a big part of the future. By Jeffrey Dastin Feb 3 (Reuters) - Big Tech companies have a new obsession: artificial intelligence. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters.	Even at Apple Inc AAPL.O, where hardware such as the iPhone has reigned supreme, AI is a big part of the future. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters. Mark Zuckerberg likewise called generative AI "an extremely exciting new area" on Wednesday during a conference call that referenced the phrase 30 times, up from 22 times in the previous quarter.	Even at Apple Inc AAPL.O, where hardware such as the iPhone has reigned supreme, AI is a big part of the future. In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters. AI software will be an important focus for Alphabet, which is planning to make its own LaMDA chatbot software publicly available in the coming weeks, he added.
17242.0	2023-02-03 00:00:00 UTC	Why Apple Stock Was Up on Friday	AAPL	https://www.nasdaq.com/articles/why-apple-stock-was-up-on-friday	nan	nan	What happened Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. ET on Friday after the company delivered fiscal first-quarter earnings on Thursday following the market close. The stock was initially trading lower at the market open today, as Apple's earnings and revenue came in below Wall Street's estimates. But a deeper dive shows there was a lot to like about its performance amid the macroeconomic challenges. So what The quarter was more challenging for Apple than last year. Revenue fell 5% year over year to $117.2 billion, with earnings per share coming in at $1.88. This missed estimates of $121.88 billion and $1.94, respectively. However, excluding the negative impact of foreign currency changes, revenue would have been up over the year-ago quarter. Still, it was the growth in the installed base of devices, now over 2 billion, that points to a bright future. CEO Tim Cook touted the company's lineup of products and services as the best ever. iPhone revenue was flat year over year adjusted for currency, but the long wait times indicate that revenue could have been higher if not for the supply shortages. Despite the headwinds, Apple has a nice synergy of products and services coming together. Services revenue surpassed $20 billion in the quarter -- nearly a fifth of Apple's business. The growth here has had a positive impact on Apple's profitability, with gross margin climbing well over 40% over the past three years. Data by YCharts Now what Apple's growing installed base is the best indicator of a widening competitive moat. The more products customers buy, the more locked in they become with the Apple ecosystem. This should lead to many years of consistent revenue performance, as users spend on apps and subscriptions and upgrade to new hardware. 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 John Ballard 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.	What happened Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. The stock was initially trading lower at the market open today, as Apple's earnings and revenue came in below Wall Street's estimates. Data by YCharts Now what Apple's growing installed base is the best indicator of a widening competitive moat.	What happened Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. Revenue fell 5% year over year to $117.2 billion, with earnings per share coming in at $1.88. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	What happened Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. The stock was initially trading lower at the market open today, as Apple's earnings and revenue came in below Wall Street's estimates. Services revenue surpassed $20 billion in the quarter -- nearly a fifth of Apple's business.	What happened Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. So what The quarter was more challenging for Apple than last year. Revenue fell 5% year over year to $117.2 billion, with earnings per share coming in at $1.88.
17243.0	2023-02-03 00:00:00 UTC	US STOCKS-Wall St pares declines after stunning jobs report	AAPL	https://www.nasdaq.com/articles/us-stocks-wall-st-pares-declines-after-stunning-jobs-report	nan	nan	By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - U.S. stock indexes pared declines by afternoon on Friday as a strong jobs report that initially raised fears of the Federal Reserve keeping interest rates higher for longer also pointed to the resilience in the economy in the face of aggressive policy tightening. The Labor Department's nonfarm payrolls report showed 517,000 job additions in January, almost three times above expectations, while the unemployment rate hit 3.4%, its lowest since 1969. Separately, data showed that the U.S. services industry's activity rebounded strongly in January. "The data suggests an economy that is running cooler than half a year ago, but not falling off the cliff," Bill Adams, chief economist for Comerica Bank said. "The outlook is cloudy, but the backward-looking data shows 2023 began on a stronger footing than seemed the case a few weeks ago." Money markets expect the U.S. central bank to hike rates two more times before stopping, after the Fed raised its target rate by 25 basis points on Wednesday. Rates are seen peaking at 4.95% by June, compared with 4.91% earlier. 0#FEDWATCH Investors also parsed disappointing earnings, with Amazon.com Inc AMZN.O sliding 5.8% as it warned that its operating profit could fall to zero in the current quarter. Google parent Alphabet Inc GOOGL.Odropped 2.0% as it missed Wall Street estimates for fourth-quarter results. Markets rallied in the previous session on Fed Chair Jerome Powell's repeated references to the "disinflationary" process being underway in his remarks after Wednesday's meeting. Apple Inc AAPL.O forecast another revenue decline at the start of the year, but the iPhone maker reversed course to trade 2.7% higher. Tesla IncTSLA.O jumped 3.0% after the U.S. Treasury Department said that some of its Model Y variants would be eligible for tax credits. Wall Street's main indexes have had a solid start to the year as megacap growth stocks, which took a beating last year, rose on hopes that the Fed's hiking spree will come to an end this year. The Nasdaq .IXIC eyed its fifth consecutive weekly advance, its best streak since October 2021. "If the Fed is indeed less hawkish and the economy is doing well, you would want to own the big names, why sit on the sidelines?," said Michael Matousek, head trader at U.S. Global Investors Inc. The Nasdaq Composite .IXIC was down 99.50 points, or 0.82%, at 12,101.32. Ford Motor CoF.N slid 6.6% after missing quarterly earnings expectations while also warning of a rocky year ahead. Analysts now see fourth-quarter earnings of S&P 500 firms declining 2.7%, according to Refinitiv. Declining issues outnumbered advancers for a 2.03-to-1 ratio on the NYSE and for a 1.25-to-1 ratio on the Nasdaq. The S&P index recorded 15 new 52-week highs and no new low, while the Nasdaq recorded 103 new highs and eight new lows. (Reporting by Shreyashi Sanyal and Johann M Cherian; Additional reporting by Shubham Batra; Editing by Sriraj Kalluvila and Maju Samuel) ((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.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but the iPhone maker reversed course to trade 2.7% higher. By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - U.S. stock indexes pared declines by afternoon on Friday as a strong jobs report that initially raised fears of the Federal Reserve keeping interest rates higher for longer also pointed to the resilience in the economy in the face of aggressive policy tightening. "The data suggests an economy that is running cooler than half a year ago, but not falling off the cliff," Bill Adams, chief economist for Comerica Bank said.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but the iPhone maker reversed course to trade 2.7% higher. By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - U.S. stock indexes pared declines by afternoon on Friday as a strong jobs report that initially raised fears of the Federal Reserve keeping interest rates higher for longer also pointed to the resilience in the economy in the face of aggressive policy tightening. The Labor Department's nonfarm payrolls report showed 517,000 job additions in January, almost three times above expectations, while the unemployment rate hit 3.4%, its lowest since 1969.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but the iPhone maker reversed course to trade 2.7% higher. By Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - U.S. stock indexes pared declines by afternoon on Friday as a strong jobs report that initially raised fears of the Federal Reserve keeping interest rates higher for longer also pointed to the resilience in the economy in the face of aggressive policy tightening. Money markets expect the U.S. central bank to hike rates two more times before stopping, after the Fed raised its target rate by 25 basis points on Wednesday.	Apple Inc AAPL.O forecast another revenue decline at the start of the year, but the iPhone maker reversed course to trade 2.7% higher. "The outlook is cloudy, but the backward-looking data shows 2023 began on a stronger footing than seemed the case a few weeks ago." Money markets expect the U.S. central bank to hike rates two more times before stopping, after the Fed raised its target rate by 25 basis points on Wednesday.
17244.0	2023-02-03 00:00:00 UTC	2 Dividend-Paying Tech Stocks to Buy in February	AAPL	https://www.nasdaq.com/articles/2-dividend-paying-tech-stocks-to-buy-in-february-0	nan	nan	It might not be a case of going from zero to hero, but the tech sector is rebounding smartly in 2023 following its drubbing last year. As investors shifted to more defensive positions, the sector tumbled hard, and many previous highfliers were in the dumps. However, this year is shaping up as a different story, with tech stocks rallying to become one of the best-performing sectors in the early going. Sure, the new year is just one month old, but the gains are a welcome reprieve for many investors. That should make now an excellent time to bring a set of hungry eyes to the sector, and there are two tech stock investors can confidently buy in February. Image source: Getty Images. 1. Taiwan Semiconductor Lately, it has been either feast or famine for semiconductor stocks. Last year, the industry was working through a chip shortage brought on by the remnants of the pandemic that helped snarl supply chains; now, it seems chipmakers did their job too well and are suffering from a chip glut instead. Taiwan Semiconductor (NYSE: TSM) is the leading contract chip manufacturer for global tech companies, including Advanced Micro Devices, Apple, and Nvidia. TSM, as it is commonly called, is a pure-play foundry that hands off all the heavy-lifting design work to its customers. The company's sole focus is on chip production instead. Yet, as the industry works through one of the most severe imbalances between supply and demand in memory chips in over a decade, TSM is confident the glut will ease in the back half of 2023, depending on the market. Smartphones could take longer, and data center chips could resolve themselves sooner. But with continued investment in next-gen chips that exceed what the competition is producing, TSM should be able to ensure its tech customers are always in a steady state of demand. TSM stock is also comparatively cheap, going for around 13 times trailing and estimated earnings and at a fraction of its expected earnings growth rate. With a healthy dividend yielding 1.9% annually, this foundry stock is one to buy today. Image source: Getty Images. 2. Cisco Systems Networking hardware and software giant Cisco Systems (NASDAQ: CSCO) also struggled last year with supply chain disruptions, part shortages, and higher freight costs that hit its secure and agile networks unit, which represents nearly half of its revenue. Yet its fiscal first-quarter earnings report for the October-ending period suggested the worst of the situation was behind it as revenue jumped 12%, with even its end-to-end security and optimized applications segments enjoying new growth. Cisco will be reporting second-quarter results soon, and while investors should get a sense of whether the momentum will continue, there are reasonable indications it will. Despite Cisco's core hardware business being highly commoditized, the tech giant has invested heavily in its software division, which offers higher growth. It has long maintained the full gamut of emerging trends such as hybrid cloud, webscale, Wi-Fi 6 and 400-gig solutions, hybrid work, cloud-native architectures, cloud security, 5G deployment, full-stack observability, the Internet of Things, and edge computing. These markets will drive Cisco's business in the future. Cisco raised its full-year revenue outlook growth of 6.5% as it transitions to more software and subscription-based recurring revenue, and it believes it can achieve between 5% and 7% annual sales growth over the long term. It also forecasts that adjusted earnings will see up to 7% growth this year, and the market values it at just 13 times those expected profits, making Cisco's stock attractive. Cisco has paid a dividend since 2011 that today offers an attractive forward yield of 3.2%. While the tech stock may not be the growth company it was during the 1990s, it has a substantial cash and short-term investment hoard of almost $20 billion that gives it a cushion and measure of stability, making it a solid pick nonetheless for investors looking for capital appreciation, reliable dividend payments, and stock buybacks. 10 stocks we like better than Taiwan Semiconductor Manufacturing 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 Taiwan Semiconductor Manufacturing 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 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Cisco Systems, Nvidia, and Taiwan Semiconductor Manufacturing. 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.	Taiwan Semiconductor (NYSE: TSM) is the leading contract chip manufacturer for global tech companies, including Advanced Micro Devices, Apple, and Nvidia. Yet, as the industry works through one of the most severe imbalances between supply and demand in memory chips in over a decade, TSM is confident the glut will ease in the back half of 2023, depending on the market. Yet its fiscal first-quarter earnings report for the October-ending period suggested the worst of the situation was behind it as revenue jumped 12%, with even its end-to-end security and optimized applications segments enjoying new growth.	Taiwan Semiconductor (NYSE: TSM) is the leading contract chip manufacturer for global tech companies, including Advanced Micro Devices, Apple, and Nvidia. Cisco Systems Networking hardware and software giant Cisco Systems (NASDAQ: CSCO) also struggled last year with supply chain disruptions, part shortages, and higher freight costs that hit its secure and agile networks unit, which represents nearly half of its revenue. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Cisco Systems, Nvidia, and Taiwan Semiconductor Manufacturing.	Cisco Systems Networking hardware and software giant Cisco Systems (NASDAQ: CSCO) also struggled last year with supply chain disruptions, part shortages, and higher freight costs that hit its secure and agile networks unit, which represents nearly half of its revenue. While the tech stock may not be the growth company it was during the 1990s, it has a substantial cash and short-term investment hoard of almost $20 billion that gives it a cushion and measure of stability, making it a solid pick nonetheless for investors looking for capital appreciation, reliable dividend payments, and stock buybacks. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Rich Duprey has no position in any of the stocks mentioned.	That should make now an excellent time to bring a set of hungry eyes to the sector, and there are two tech stock investors can confidently buy in February. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Cisco Systems, Nvidia, and Taiwan Semiconductor Manufacturing.
17245.0	2023-02-03 00:00:00 UTC	Making Sense of Apple, Amazon and Big Tech Earnings	AAPL	https://www.nasdaq.com/articles/making-sense-of-apple-amazon-and-big-tech-earnings	nan	nan	The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META) & Microsoft (MSFT) – provides us with useful clues as to what is most important to investors in these mega-cap players. It doesn’t seem to be about beating or missing Q4 estimates; Apple missed on both EPS and revenues, but didn’t suffer for it while Amazon beat without getting any credit for it. Microsoft had a mixed showing on this count, with an EPS beat but revenues coming up short. MSFT stock went on to get a favorable reception. Alphabet beat, but didn’t benefit as a result. Meta also beat on EPS and revenue, but we all know that the ‘loud cheers’ for its report weren’t a result of the positive EPS and revenue surprises. What seems to be front and center for the market appears to be expense trends and guidance. The market is well aware of the challenging macro backdrop and expected these results to validate the evolving macroeconomic environment This came through in the Microsoft report that kick-started the Q4 reporting cycle for the group showing decelerating cloud trends and serious challenges on the PC front. The cloud growth at Amazon and Alphabet reconfirmed the trends established by Microsoft. By far the biggest differentiator among these mega-cap players appears to be the market’s perception of expense control. This was the market’s biggest worry with Meta and they seem to have done an excellent job of revising the narrative in their favor. Alphabet and Amazon made the right noises on that front, but the market doesn’t seem to be convinced that they are doing all they can to get on top of the issue. For example, Alphabet has already announced lay-offs and noted on the call that they are slowing the pace of hirings, but they ended up exiting 2022 Q4 with a net addition to payrolls. Apple, on the other hand, seems to have a lot of credibility on this count, with the company’s gross margin outlook for the current period (2023 Q1) confirming that view. As noted before, it is clear now that none of these players’ profitability is Teflon coated and immune from cyclical forces. Apple may be getting a pass on its quarterly report, with one-off factors like China’s Covid restrictions that have since been lifted and FX headwinds causing most of the shortfalls. But the consumer decision to purchase the company’s pricey phones and other devices will also always remain a discretionary choice and vulnerable to economic forces. Looking at the ‘Big 5 Tech Players’ as a whole, Q4 earnings in the aggregate are down -28% from the same period last year on +1.4% higher revenues, as the chart below shows. Image Source: Zacks Investment Research Growth is expected to resume next year, as you can see in the chart below that shows the group’s earnings and revenue growth picture on an annual basis. For 2023, the group is expected to bring in +3.8% higher earnings on +6% higher revenues. Image Source: Zacks Investment Research Estimates for the group have been steadily coming down, with the Q4 results and associated guidance adding to the trend. The aggregate 2023 earnings estimate for the group has come down by -8.5% over the last three months, with the current full-year 2023 earnings growth estimate of +3.8% down from +11.8% over the period. Market participants see the big challenge for the group to be centered around margin pressures, a function of their still-heavy payrolls, particularly for Amazon, Meta and Alphabet. One could say that if they move into the management mode of other blue chip operators by getting on top of their expenses, they can help strengthen their profitability. In addition to the group’s margin challenge, there are two key factors that will drive their profitability over the next two years. The first factor is the unusual impact of Covid on their profitability in the last two years. You can see some of that from the 2021 growth figures in the above chart. The chart below shows the aggregate dollar earnings for the group in the last 6 years and estimates for the next two years. Image Source: Zacks Investment Research We have highlighted above the two years that benefited from the Covid effects. The question now is whether the +58% jump in 2021 earnings brought forward profits from 2022 and 2023 only, or will the issue be with us in 2024 as well? The second factor is related to the impact of macroeconomic forces on these companies’ profitability. Microsoft’s business was affected not only by the slump in PC demand, a function of post-Covid adjustment, but also by growth deceleration in the cloud business. We are seeing similar cloud-centric challenges in the Amazon and Alphabet reports as well. This cloud deceleration is a direct result of companies cutting back on the so-called enterprise spending, on top of digital advertising spending. The market was earlier under the impression that cloud spending was effectively immune from economic forces and will not experience any cuts. The numbers from Microsoft, Amazon and Alphabet show otherwise. This brings us back to evaluating the seemingly Teflon-coated status of Apple’s gadgets and services. I am of the opinion that once the Fed’s tighter policy regime produces cracks in the labor market, we will end up discovering that consumers rationally deferred replacing their older devices with newer ones. We are not there yet because the labor market is rock solid, but we could very well reach that stage at either of the coming two quarterly reports. 2022 Q4 Earnings Season Scorecard As of Friday, February 3rd, we now have Q4 results from 251 S&P 500 members or 50.2% of the index’s total membership. Total earnings for these 251 index members are down -7.5% from the same period last year on +5.5% higher revenues, with 71.3% beating EPS estimates and 68.1% beating revenue estimates. With 96 index members on deck to report Q4 results this week, we will have seen results from more than 69% of all the index members by the end of the week. The comparison charts below put the EPS and revenue beats percentages in Q4 in a historical context. Image Source: Zacks Investment Research The comparison charts below put the earnings and revenue growth rates in Q4 in a historical context. Image Source: Zacks Investment Research Regular readers of our earnings commentary know that we have been referring to the overall picture emerging from the Q4 earnings season as good enough; not great, but not bad either. With results from more than 28% of S&P 500 members already out, we can confidently say that corporate earnings aren’t headed towards the ‘cliff’ that market bears were warning us of. The way we see it, the ‘better-than-feared’ view of the Q4 earnings season at this stage may be a bit unfair, given how resilient corporate profitability has turned out to be. But the view isn’t entirely off the mark either. The Earnings Big Picture The chart below shows the expected 2022 Q4 earnings and revenue growth expectation in the context of where growth has been in recent quarters and what is expected in the next few quarters. Image Source: Zacks Investment Research The chart below shows the overall earnings picture on an annual basis. Image Source: Zacks Investment Research Estimates for 2023 have been steadily coming down, as we have been flagging for some time now. You can see this in the chart below that shows how the aggregate earnings total for the index has evolved since the start of 2022. Image Source: Zacks Investment Research Please note that the $1.925 trillion in expected aggregate earnings for the index in 2023 approximate to an index ‘EPS’ of $216.60, which compares to $216.45 in 2022. The chart below shows this 2023 index ‘EPS’ estimate has evolved since the start of 2022. Image Source: Zacks Investment Research From their peak in mid-April 2022, S&P 500 earnings estimates have been revised down by -11.6% for the index as a whole and by -13.7% on an ex-Energy basis, with much bigger cuts to estimates for the Construction, Consumer Discretionary, Retail, Tech and Aerospace sectors. For more details about the evolving earnings picture, please check out our weekly Earnings Trends report here >>>> A Steady Earnings Picture, Without a ‘Cliff’ in Sight 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 Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META) & Microsoft (MSFT) – provides us with useful clues as to what is most important to investors in these mega-cap players. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple, on the other hand, seems to have a lot of credibility on this count, with the company’s gross margin outlook for the current period (2023 Q1) confirming that view.	The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META) & Microsoft (MSFT) – provides us with useful clues as to what is most important to investors in these mega-cap players. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research The comparison charts below put the earnings and revenue growth rates in Q4 in a historical context.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META) & Microsoft (MSFT) – provides us with useful clues as to what is most important to investors in these mega-cap players. Image Source: Zacks Investment Research Growth is expected to resume next year, as you can see in the chart below that shows the group’s earnings and revenue growth picture on an annual basis.	The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ – Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META) & Microsoft (MSFT) – provides us with useful clues as to what is most important to investors in these mega-cap players. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Growth is expected to resume next year, as you can see in the chart below that shows the group’s earnings and revenue growth picture on an annual basis.
17246.0	2023-02-03 00:00:00 UTC	GLOBAL MARKETS-Stocks, bonds tumble as stellar US jobs report may force Fed rethink	AAPL	https://www.nasdaq.com/articles/global-markets-stocks-bonds-tumble-as-stellar-us-jobs-report-may-force-fed-rethink	nan	nan	By Naomi Rovnick LONDON Feb 3 (Reuters) - Global stocks and Treasury prices tumbled on Friday after an unexpectedly strong U.S. jobs report indicated the Federal Reserve may need to keep interest rates elevated to control inflation. This placed another roadblock in the way of a weeks-long markets rally that stumbled in U.S. after hours trading on Thursday over disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. S&P 500 futures ESc1 slid 1.1%, contracts on the tech-heavy Nasdaq 100 NQc1 dropped 1.8%. The MSCI index of global shares .MIWD00000PUS fell 0.3%, having hit its highest level since August on Thursday in a rebound buoyed by optimism that central banks are close to the end of their aggressive rate hiking cycles. The keenly-watched U.S. nonfarm payrolls report showed U.S. employers added 517,000 new workers in January, vastly overshooting expectations of economists polled by Reuters for a 185,000 gain. Average hourly wages, which analysts and investors focus on for clues about whether a tight labour market may continue to fan the flames of inflation, rose 0.3%, matching economists' forecasts. The yield on the 10-year Treasury, which underpins borrowing costs worldwide, added 11 basis points (bps) to 3.51% after the jobs data. US10YT=RR The two-year Treasury yield US2YT=RR, which follows traders' expectations of Fed fund rates, rose by 12 bps to 4.24%. The Fed hiked its main interest rate by 25 bps to a range of 4.5% to 4.75% on Wednesday, taking benchmark borrowing costs to their highest since late 2007, and signalled more hikes to come. The European Central Bank and the Bank of England also raised rates on Thursday to contain inflation. "In a year when the economic data is more important than the Fed, the January employment report clearly justified the Fed having tightened by 425 bps over the past 10 months," said Jack McIntyre, portfolio manager at Brandywine Global. Ahead of the nonfarm payrolls data, markets had priced two U.S. rate cuts by year-end FEDWATCH on hopes the U.S. economy was cooling enough to quell inflation but not on course for a downturn that could reduce companies’ earnings more than markets were already counting on. U.S. tech shares took a beating in after-hours trading on Thursday after Apple projected another revenue decline in the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed fourth-quarter profit and revenue expectations. "We will see headwinds from further earnings downgrades, but we have incorporated quite a lot (of this) already so I think markets can hold here if we are indeed right on the Fed,” said Willem Sels, global chief investment officer at HSBC's private bank, who expects the U.S. central bank to raise rates just one more time in 2023. An index measuring the dollar against major currencies =USD stood at 102.53, rising further from recent nine-month lows of 100.80. In Europe, the Stoxx 600 share benchmark fell 0.4%. Germany's benchmark 10-year bond yield DE10YT=RR rose 13 bps to 2.14%, having on Thursday dropped by the most since 2011 as prices shot higher. The euro EUR=EBS traded at $1.0841, down 0.65% and pulling further away from Thursday's 10-month top of $1.1033. Asia stock marketshttps://tmsnrt.rs/2zpUAr4 Asia-Pacific valuationshttps://tmsnrt.rs/2Dr2BQA (Additional reporting by Stella Qiu in Sydney Editing by Dhara Ranasinghe, Toby Chopra, John Stonestreet and Sharon Singleton) ((naomi.rovnick@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.	This placed another roadblock in the way of a weeks-long markets rally that stumbled in U.S. after hours trading on Thursday over disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick LONDON Feb 3 (Reuters) - Global stocks and Treasury prices tumbled on Friday after an unexpectedly strong U.S. jobs report indicated the Federal Reserve may need to keep interest rates elevated to control inflation. The MSCI index of global shares .MIWD00000PUS fell 0.3%, having hit its highest level since August on Thursday in a rebound buoyed by optimism that central banks are close to the end of their aggressive rate hiking cycles.	This placed another roadblock in the way of a weeks-long markets rally that stumbled in U.S. after hours trading on Thursday over disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick LONDON Feb 3 (Reuters) - Global stocks and Treasury prices tumbled on Friday after an unexpectedly strong U.S. jobs report indicated the Federal Reserve may need to keep interest rates elevated to control inflation. The keenly-watched U.S. nonfarm payrolls report showed U.S. employers added 517,000 new workers in January, vastly overshooting expectations of economists polled by Reuters for a 185,000 gain.	This placed another roadblock in the way of a weeks-long markets rally that stumbled in U.S. after hours trading on Thursday over disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. The MSCI index of global shares .MIWD00000PUS fell 0.3%, having hit its highest level since August on Thursday in a rebound buoyed by optimism that central banks are close to the end of their aggressive rate hiking cycles. U.S. tech shares took a beating in after-hours trading on Thursday after Apple projected another revenue decline in the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed fourth-quarter profit and revenue expectations.	This placed another roadblock in the way of a weeks-long markets rally that stumbled in U.S. after hours trading on Thursday over disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. The MSCI index of global shares .MIWD00000PUS fell 0.3%, having hit its highest level since August on Thursday in a rebound buoyed by optimism that central banks are close to the end of their aggressive rate hiking cycles. US10YT=RR The two-year Treasury yield US2YT=RR, which follows traders' expectations of Fed fund rates, rose by 12 bps to 4.24%.
17247.0	2023-02-03 00:00:00 UTC	SiTime Stock Is a Top Holding, but Is It a Buy Now?	AAPL	https://www.nasdaq.com/articles/sitime-stock-is-a-top-holding-but-is-it-a-buy-now	nan	nan	SiTime (NASDAQ: SITM) stock is up over 75% from the lows, but is the stock a buy now? This unique small-cap stock is the heartbeat of electronics and could be the next 10x stock in your portfolio. In the video below, I provide an update on SiTime earnings, discuss valuation, and explain why it's a top stock in my portfolio. Stock prices used were the morning prices of Feb. 2, 2023. The video was published on Feb. 2, 2023. 10 stocks we like better than SiTime 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 SiTime 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 Eric Cuka has positions in Apple, SiTime, and Tesla. The Motley Fool has positions in and recommends Apple, SiTime, 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. Eric Cuka 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In the video below, I provide an update on SiTime earnings, discuss valuation, and explain why it's a top stock in my portfolio. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. If you choose to subscribe through their link, they will earn some extra money that supports their channel.	After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Eric Cuka has positions in Apple, SiTime, and Tesla. The Motley Fool has positions in and recommends Apple, SiTime, and Tesla.	SiTime (NASDAQ: SITM) stock is up over 75% from the lows, but is the stock a buy now? 10 stocks we like better than SiTime 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 Eric Cuka has positions in Apple, SiTime, and Tesla.	SiTime (NASDAQ: SITM) stock is up over 75% from the lows, but is the stock a buy now? In the video below, I provide an update on SiTime earnings, discuss valuation, and explain why it's a top stock in my portfolio. The Motley Fool has positions in and recommends Apple, SiTime, and Tesla.
17248.0	2023-02-03 00:00:00 UTC	MORNING BID EUROPE-The morning after the night before	AAPL	https://www.nasdaq.com/articles/morning-bid-europe-the-morning-after-the-night-before	nan	nan	A look at the day ahead in European and global markets from Ankur Banerjee After the central bank triple-header (that's the Fed, ECB and BoE) buoyed risk appetite and emboldened investor hopes of the end of the massive global tightening cycle came the Big Tech triple-header to revive worries over global economic conditions. Dour fourth-quarter results from AppleAAPL.O, Google-parent AlphabetGOOGL.O and AmazonAMZN.O are likely to cast a shadow on the markets on Friday before the crucial non-farms payroll data is released later in the day. Analysts expect 185,000 jobs were added last month and the report will likely paint a clearer picture of the labour market in the United States. With the market facing up to the reality of the economic downturn, Asian stocks eased with MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS 0.7% lower and set to end the week in the red after five consecutive weekly gains. The dollar =USD firmed, while gold XAU= steadied. Meanwhile, Adani Group shares continue to bleed with market losses now over $115 billion (for the seven listed Adani firms)in the wake of a scathing report from U.S short-seller Hindenburg that came out on Jan. 24. The meltdown in share prices have stoked fears of wider impact on the Indian equities. A bright spot for the market was a private sector survey that showed China's services activity in January expanded for the first time in five months, sending business confidence to near 12-year highs. Even amidst the dire earnings reports from U.S. bellwethers there was a hint of hope that consumer spending was beginning to rebound in China. Key developments that could influence markets on Friday: Economic events: Euro zone, UK, Germany S&P Global business surveys, U.S. non-farm payrolls data Speakers, ECB's Christine Lagarde and BoE's Huw Pill to talk in separate events (Reporting by Ankur Banerjee; Editing by Jacqueline Wong) ((ankur.banerjee@thomsonreuters.com;; Mobile - +65 8121 3925; Twitter: @AnkurBanerjee17;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Dour fourth-quarter results from AppleAAPL.O, Google-parent AlphabetGOOGL.O and AmazonAMZN.O are likely to cast a shadow on the markets on Friday before the crucial non-farms payroll data is released later in the day. A bright spot for the market was a private sector survey that showed China's services activity in January expanded for the first time in five months, sending business confidence to near 12-year highs. Key developments that could influence markets on Friday: Economic events: Euro zone, UK, Germany S&P Global business surveys, U.S. non-farm payrolls data Speakers, ECB's Christine Lagarde and BoE's Huw Pill to talk in separate events (Reporting by Ankur Banerjee; Editing by Jacqueline Wong) ((ankur.banerjee@thomsonreuters.com;; Mobile - +65 8121 3925; Twitter: @AnkurBanerjee17;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Dour fourth-quarter results from AppleAAPL.O, Google-parent AlphabetGOOGL.O and AmazonAMZN.O are likely to cast a shadow on the markets on Friday before the crucial non-farms payroll data is released later in the day. A look at the day ahead in European and global markets from Ankur Banerjee After the central bank triple-header (that's the Fed, ECB and BoE) buoyed risk appetite and emboldened investor hopes of the end of the massive global tightening cycle came the Big Tech triple-header to revive worries over global economic conditions. Key developments that could influence markets on Friday: Economic events: Euro zone, UK, Germany S&P Global business surveys, U.S. non-farm payrolls data Speakers, ECB's Christine Lagarde and BoE's Huw Pill to talk in separate events (Reporting by Ankur Banerjee; Editing by Jacqueline Wong) ((ankur.banerjee@thomsonreuters.com;; Mobile - +65 8121 3925; Twitter: @AnkurBanerjee17;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Dour fourth-quarter results from AppleAAPL.O, Google-parent AlphabetGOOGL.O and AmazonAMZN.O are likely to cast a shadow on the markets on Friday before the crucial non-farms payroll data is released later in the day. A look at the day ahead in European and global markets from Ankur Banerjee After the central bank triple-header (that's the Fed, ECB and BoE) buoyed risk appetite and emboldened investor hopes of the end of the massive global tightening cycle came the Big Tech triple-header to revive worries over global economic conditions. Meanwhile, Adani Group shares continue to bleed with market losses now over $115 billion (for the seven listed Adani firms)in the wake of a scathing report from U.S short-seller Hindenburg that came out on Jan. 24.	Dour fourth-quarter results from AppleAAPL.O, Google-parent AlphabetGOOGL.O and AmazonAMZN.O are likely to cast a shadow on the markets on Friday before the crucial non-farms payroll data is released later in the day. Analysts expect 185,000 jobs were added last month and the report will likely paint a clearer picture of the labour market in the United States. With the market facing up to the reality of the economic downturn, Asian stocks eased with MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS 0.7% lower and set to end the week in the red after five consecutive weekly gains.
17249.0	2023-02-03 00:00:00 UTC	2 Top Stocks to Buy in February	AAPL	https://www.nasdaq.com/articles/2-top-stocks-to-buy-in-february	nan	nan	After a challenging year that saw the Nasdaq Composite plunge 33%, many companies started 2023 on the back foot. But they have since started arching forward a bit with the same index rising 10% year to date. Despite the slight recovery, a looming recession has multiple analysts uncertain about how long it will last. As a result, now is an excellent time to invest in stocks that are likely to offer consistent growth over many years regardless of short-term headwinds. Here are two top stocks to buy in February and hold for the long haul. Apple Since the start of 2023, Apple (NASDAQ: AAPL) shares have risen 10% as investors have grown bullish on its prospects in the new year. Wall Street has rallied after multiple reports in recent weeks have revealed exciting developments, such as the company's move to boost iPhone profits over the long term by using more in-house components. On Feb. 2, Apple will release its first quarter of 2023 earnings, and expectations are not especially high. Refinitiv analysts expect the company to report just over $121 billion, which would be its first revenue decline since 2019 after earning $123.9 billion in Q1 2022. The stunted forecast comes after iPhone production issues last quarter led to low supply throughout the holiday season. With Apple likely to report an underwhelming quarter, February could present an opportunity to buy the company's stock at a bargain. However, even if that doesn't happen, Apple's stock has proven a reliable investment thanks to its 243% growth over the last five years and 779% rise over the last decade. Apple could get some good news this month as multiple reports state the company will soon release an augmented reality/virtual reality (AR/VR) headset. According to Grand View Research, the AR market was worth $25 billion in 2021 and will expand at a compound annual growth rate (CAGR) of 40.9% through 2030. Considering Apple is likely to be the biggest name in the market, with similar headsets currently offering exclusively VR features, the company could be in for significant gains from this burgeoning market. Microsoft Microsoft (NASDAQ: MSFT) released its Q2 2023 earnings on Jan. 24, reporting underwhelming results. Its personal computing segment continued to drag down revenue, falling 19% year over year to $17.5 billion. Meanwhile, its cloud-computing business -- which is still growing -- slowed a bit with revenue increasing 18% to $21.5 billion compared to 20% growth in the prior quarter. As a result, Microsoft shares are down 20% year over year. However, the drop in stock price only makes the company more compelling as an investment now thanks to its reliable growth over the long term and priority on burgeoning markets. Microsoft shares have risen 166% over the last five years and by 786% over the last 10 years. This stellar growth is largely owed to the tech giant's leading positions in multiple lucrative industries, such as operating systems, productivity software, cloud computing, and more. Additionally, the company consistently invests in technology of the future, most recently proved right by its $1 billion investment in artificial intelligence (AI) company, OpenAI, in 2019. The AI start-up wowed tech enthusiasts in November with the launch of ChatGPT, a chatbot capable of creating human-like prose based on prompts. The service will soon be available through Microsoft's Azure and is expected to incorporate its search engine Bing in the future. It's still early days for the AI market, but the industry was worth $93.5 billion in 2021 and is expected to grow at a CAGR of 45% through 2030, per Grand View Research. With Microsoft reportedly considering another $10 billion investment in OpenAI, the company could profit long term from the quickly expanding industry. Microsoft has suffered at the hands of macroeconomic headwinds over the last two years, but the challenges won't last forever. Meanwhile, the company's long-term performance makes it a must-buy this February. 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 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.	Apple Since the start of 2023, Apple (NASDAQ: AAPL) shares have risen 10% as investors have grown bullish on its prospects in the new year. Wall Street has rallied after multiple reports in recent weeks have revealed exciting developments, such as the company's move to boost iPhone profits over the long term by using more in-house components. This stellar growth is largely owed to the tech giant's leading positions in multiple lucrative industries, such as operating systems, productivity software, cloud computing, and more.	Apple Since the start of 2023, Apple (NASDAQ: AAPL) shares have risen 10% as investors have grown bullish on its prospects in the new year. Microsoft Microsoft (NASDAQ: MSFT) released its Q2 2023 earnings on Jan. 24, reporting underwhelming results. With Microsoft reportedly considering another $10 billion investment in OpenAI, the company could profit long term from the quickly expanding industry.	Apple Since the start of 2023, Apple (NASDAQ: AAPL) shares have risen 10% as investors have grown bullish on its prospects in the new year. With Apple likely to report an underwhelming quarter, February could present an opportunity to buy the company's stock at a bargain. However, even if that doesn't happen, Apple's stock has proven a reliable investment thanks to its 243% growth over the last five years and 779% rise over the last decade.	Apple Since the start of 2023, Apple (NASDAQ: AAPL) shares have risen 10% as investors have grown bullish on its prospects in the new year. As a result, Microsoft shares are down 20% year over year. Microsoft shares have risen 166% over the last five years and by 786% over the last 10 years.
17250.0	2023-02-03 00:00:00 UTC	Pre-Market Most Active for Feb 3, 2023 : TQQQ, SQQQ, TSLA, GRCL, AAPL, BBBY, JWN, F, CVNA, APE, NIO, SI	AAPL	https://www.nasdaq.com/articles/pre-market-most-active-for-feb-3-2023-%3A-tqqq-sqqq-tsla-grcl-aapl-bbby-jwn-f-cvna-ape-nio	nan	nan	The NASDAQ 100 Pre-Market Indicator is down -216.31 to 12,586.83. The total Pre-Market volume is currently 58,524,777 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.64 at $26.27, with 6,331,408 shares traded. This represents a 63.17% increase from its 52 Week Low. ProShares UltraPro Short QQQ (SQQQ) is +0.76 at $33.77, with 5,855,783 shares traded. This represents a 8.34% increase from its 52 Week Low. Tesla, Inc. (TSLA) is +2.73 at $191.00, with 3,997,320 shares traded. TSLA's current last sale is 95.5% of the target price of $200. Gracell Biotechnologies Inc. (GRCL) is +0.6 at $2.73, with 3,427,777 shares traded. As reported by Zacks, the current mean recommendation for GRCL is in the "strong buy range". Apple Inc. (AAPL) is -1.71 at $149.11, with 2,757,516 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Bed Bath & Beyond Inc. (BBBY) is +0.01 at $3.34, with 2,483,630 shares traded. BBBY's current last sale is 256.92% of the target price of $1.3. Nordstrom, Inc. (JWN) is +5.86 at $27.00, with 1,992,642 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Apr 2023. The consensus EPS forecast is $0.02. JWN's current last sale is 135% of the target price of $20. Ford Motor Company (F) is -0.86 at $13.46, with 1,919,481 shares traded. F's current last sale is 89.73% of the target price of $15. Carvana Co. (CVNA) is -0.31 at $13.94, with 1,097,158 shares traded. CVNA's current last sale is 139.4% of the target price of $10. AMC Entertainment Holdings, Inc. (APE) is +0.08 at $2.91, with 846,342 shares traded. NIO Inc. (NIO) is -0.1 at $11.86, with 593,978 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range". Silvergate Capital Corporation (SI) is -2.37 at $18.60, with 480,609 shares traded. SI's current last sale is 132.86% of the target price of $14. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple Inc. (AAPL) is -1.71 at $149.11, with 2,757,516 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". ProShares UltraPro Short QQQ (SQQQ) is +0.76 at $33.77, with 5,855,783 shares traded.	As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Apple Inc. (AAPL) is -1.71 at $149.11, with 2,757,516 shares traded. ProShares UltraPro QQQ (TQQQ) is -0.64 at $26.27, with 6,331,408 shares traded.	Apple Inc. (AAPL) is -1.71 at $149.11, with 2,757,516 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total Pre-Market volume is currently 58,524,777 shares traded.	Apple Inc. (AAPL) is -1.71 at $149.11, with 2,757,516 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -216.31 to 12,586.83.
17251.0	2023-02-03 00:00:00 UTC	e.l.f. Beauty and Hasbro have been highlighted as Zacks Bull and Bear of the Day	AAPL	https://www.nasdaq.com/articles/e.l.f.-beauty-and-hasbro-have-been-highlighted-as-zacks-bull-and-bear-of-the-day	nan	nan	For Immediate Release Chicago, IL – February 3, 2023 – Zacks Equity Research shares e.l.f. Beauty, Inc. ELF as the Bull of the Day and Hasbro, Inc. HAS as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Amazon AMZN, Apple AAPL and Alphabet GOOGL. Here is a synopsis of all five stocks. Bull of the Day: e.l.f. Beauty, Inc. is operating on all cylinders as consumers are still buying beauty. This Zacks Rank #1 (Strong Buy) just beat on earnings for the eighth quarter in a row. e.l.f. Beauty is a beauty company with multiple brands including e.l.f. Cosmetics, e.l.f. SKIN, clean beauty brand Well People and Keys Soulcare, a lifestyle beauty brand created with Alicia Keys. It sells online and across leading beauty retailers in the United States. The company also has a growing international presence. Another Big Beat in Fiscal Q3 On Feb 1, 2023, e.l.f. Beauty reported its fiscal third quarter 2023 results and blew by the Zacks Consensus for the 8th quarter in a row. Earnings were $0.48 versus the Zacks Consensus of just $0.23, for a 108.7% beat. Net sales jumped 49% to $146.5 million, due to strength in both retailer and e-commerce channels. It was the 16th consecutive quarter of net sales growth. Gross margin rose 180 basis points to 67%, primarily driven by price increases, cost savings and product mix, partially offset by inventory adjustments and costs related to space gains and Spring shelf resets. e.l.f. Beauty has improved its balance sheet over the last year. As of Dec 31, 2022, it had $87 million in cash and cash equivalents, up from$32.9 million a year ago. It also had $62.2 million in long-term debt and finance lease obligations at the end of the year, down from $92.5 million as of Dec 31, 2021. e.l.f. Beauty Raised Full Year Guidance With the big earnings beat and sales jumping higher, the company raised full year guidance. Net sales are now expected to rise 38% to 39% year-over-year, up from prior guidance of 22%-24% growth. That's a revenue range of $541-$545 million up from $478-$486 million. Earnings are now expected to be in the range of $1.37 to $1.40 up from previous guidance of $1.07 to $1.10. That is higher than the current Zacks Consensus which just moved up to $1.13 from $1.12 in the last week. But look for further analyst adjustments higher. That's earnings growth over 34% as the company made just $0.84 last year. Stock Soars on Another Earnings Beat Shares of e.l.f. Beauty have been on a tear the last 6 months, gaining 99% during that time. They jumped 15% on the big third quarter earnings beat alone. The stock is at 5-year highs. But earnings are also moving in the right direction, which is up. However, you're going to pay the price if you're jumping in here. It's not a cheap stock. e.l.f. Beauty has a forward P/E of 52. Beauty has been one of the hot industries on the reopen and it still has momentum. For those looking for a top ranked beauty company that is still posting big beats, and raising full year guidance, then e.l.f. Beauty is the one for your short list. Bear of the Day: Hasbro, Inc. recently warned on fourth quarter earnings. This Zacks Rank #5 (Strong Sell) also announced global layoffs. Hasbro is a global branded entertainment leader through gaming, consumer products and entertainment. Some of its brands include Magic: The Gathering, Dungeons & Dragons, Hasbro Gaming, Nerf, Transformers, Play-doh and Peppa Pig. Hasbro Warns on Q4 and Full Year On Jan 26, 2023, Hasbro announced preliminary fourth quarter and full year 2022 financial results and it was below the Zacks Consensus. "Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the fourth quarter against the backdrop of a challenging holiday consumer environment," said Chris Cocks, Hasbro chief executive officer. Hasbro gave full year adjusted earnings of $4.43 to $4.45, which was under the Zacks Consensus. In the last week, 3 estimates have been cut for 2022, pushing the Zacks Consensus down to $4.50 from $4.61. That's still above the range. At $4.50, that's an earnings decline of 14% from last year. 3 estimates were also cut for 2023, pushing the 2023 Zacks Consensus Estimate down to $4.92 from $5.00. But that would be an earnings rebound of 9.2%. Layoffs and Cost Savings Hasbro also announced leadership and organization changes, including eliminating 1,000 jobs, or approximately 15% of its global workforce. Additionally, President and Chief Operating Officer, Eric Nyman, would be departing and the Consumer Products business would report directly to the CEO. The layoffs will start in the next several weeks. Hasbro expects, with the layoffs as well as the ongoing systems and supply chain investments, to achieve its goal of $250 to $300 million in annual run-rate cost savings by year-end 2025 which was announced in Oct 2022. Shares Plunged Over the Last Year Given the falling earnings estimates and earnings warnings, it's not surprising that shares are down 33%. It will report fourth quarter earnings on Feb 16, 2023. Presumably, there will be some kind of outlook or guidance about Q1 and/or 2023 given then. Shares are cheap, with a forward P/E of 12.2. It also pays a big dividend, currently yielding 4.7%. But I caution investors about chasing yield as earnings are on the decline. Instead, investors might want to wait on the sidelines for a positive turn in the business before jumping in. Additional content: Did Jay Powell Give a Green Light to Stock Investors? Federal Reserve chair Jerome Powell addressed the world economy on Wednesday and announced that he and his committee decided to raise the federal funds rate 0.25% to 4.5-4.75%. This was as expected, but the most important bits came during the press conference. Depending on whether you are a bull or bear you may be interpreting what Jerome Powell said in different ways. The bulls are feeling reassured. Powell acknowledged that “the disinflation process has started,” and how incredibly relieving it is to see that process begin. The bears, however, were focused on his saying that it would be “very premature to declare victory,” over inflation. And that some sectors of the service economy have yet to see any disinflation at all. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst. As unlikely as it seemed, it appears Jerome Powell and the Fed have pulled off the goldilocks ‘Soft Landing,’ where they have lowered inflation in such a way that the economy didn’t need to slow significantly, and employment remained robust. One of the most important indicators for the Fed is the ECI (Employment Cost Index), which measures wages. One of the biggest risks for inflation is a wage-price spiral, but the ECI is showing consistent decreases. Looking back at other bear markets we see that earnings always bottom out after the market, because markets are forward-looking. Furthermore, financial conditions have loosened quite significantly already. According to the Financial Conditions Index, economic policy is as loose as it has been in other recent expansionary periods. Bear Case While Jerome Powell has been successful in initiating disinflation, there is no guarantee it will continue to improve. Worse yet, because expectations have become so hopeful about disinflation, even a small miss to the upside on inflation can really shake the markets. What if inflation is stickier than expected? Earnings seem to be coming in around expectations, but that is because analyst expectations were extremely low. What if there is a secondary push lower in the economy just as everyone is getting bullish again? Furthermore, with the now easing conditions of financial markets, and such robust employment, how do we know this won’t reignite inflation? Statistics Favor the Long-Term These issues are never black and white, and the case can easily be made for bears or bulls. Something the data tells us conclusively is that over the long term, stocks are an extremely good investment. Whether you buy in a bull market or a bear market, the real edge is focusing on owning quality businesses, with improving earnings over the long run. Stocks to Watch Some of the best stocks in the world have been completely battered by the rising rates environment. But that dynamic is slowly switching over. And this may be a great opportunity for investors to start buying stocks still in correction territory. With the Fed easing off the breaks, it’s possible stocks will see a continued rally. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon, Apple and Alphabet are hard to ignore at this point. They are extremely dominant, and innovative businesses that have been beaten down significantly. Why Haven’t You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 https://www.zacks.com Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report e.l.f. Beauty (ELF) : 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.	In addition, Zacks Equity Research provides analysis on Amazon AMZN, Apple AAPL and Alphabet GOOGL. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report e.l.f. Additionally, President and Chief Operating Officer, Eric Nyman, would be departing and the Consumer Products business would report directly to the CEO.	In addition, Zacks Equity Research provides analysis on Amazon AMZN, Apple AAPL and Alphabet GOOGL. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report e.l.f. Beauty Raised Full Year Guidance With the big earnings beat and sales jumping higher, the company raised full year guidance.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report e.l.f. In addition, Zacks Equity Research provides analysis on Amazon AMZN, Apple AAPL and Alphabet GOOGL. Beauty Raised Full Year Guidance With the big earnings beat and sales jumping higher, the company raised full year guidance.	In addition, Zacks Equity Research provides analysis on Amazon AMZN, Apple AAPL and Alphabet GOOGL. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report e.l.f. Beauty, Inc. is operating on all cylinders as consumers are still buying beauty.
17252.0	2023-02-03 00:00:00 UTC	Apple Stock Falls After Earnings	AAPL	https://www.nasdaq.com/articles/apple-stock-falls-after-earnings	nan	nan	Motley Fool contributor Connor Allen goes over Apple's (NASDAQ: AAPL) latest earnings results. The stock fell 3% after hours due to a variety of reasons given in this video, including economic conditions, foreign exchange, and more. Check out the video for his full thoughts! Stock prices used were the midday prices of Feb. 2, 2023. The video was published on Feb. 2, 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 Connor Allen 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. Connor Allen 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.	Motley Fool contributor Connor Allen goes over Apple's (NASDAQ: AAPL) latest earnings results. The stock fell 3% after hours due to a variety of reasons given in this video, including economic conditions, foreign exchange, and more. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.	Motley Fool contributor Connor Allen goes over Apple's (NASDAQ: AAPL) latest earnings results. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.	Motley Fool contributor Connor Allen goes over Apple's (NASDAQ: AAPL) latest earnings results. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Connor Allen has positions in Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.	Motley Fool contributor Connor Allen goes over Apple's (NASDAQ: AAPL) latest earnings results. The video was published on Feb. 2, 2023. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Connor Allen has positions in Apple.
17253.0	2023-02-03 00:00:00 UTC	Tech earnings hit pause button on market rally	AAPL	https://www.nasdaq.com/articles/tech-earnings-hit-pause-button-on-market-rally-0	nan	nan	By Caroline Valetkevitch and Herbert Lash Feb 3 (Reuters) - Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message from their earnings on Thursday: not so fast. Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. The reports renewed questions about global economic demand, the effect of higher interest rates and whether the market's January rally got ahead of itself. Nascent signs that consumer spending was beginning to rebound in China were not enough to change that. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China. Amazon said operating profits could fall this quarter due to lower demand, and Alphabet's online advertisers cut back their spend as well. Shares of the three companies fell between 2.7% and 5% in premarket trading and they were set to lose nearly $200 billion from their collective market valuation. The drop also weighed on the wider market following a euphoric rally Thursday. .N "Maybe the tech stocks rallied a little bit too much into these numbers, so the market will be taking a deep breath and saying, 'OK, well these companies aren't bulletproof,'" said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia. These three firms and Microsoft MSFT.O, the four U.S. companies with trillion-dollar market values, have led the broad-market S&P 500 in 2023. The index is up nearly 9% year-to-date, with Amazon gaining 34%. Big Tech surged Thursday following a strong quarterly report from Facebook-owner Meta Platforms Inc META.O. That's after the group was battered throughout 2022, trailing the S&P, which dropped nearly 20%. Some investors saw silver linings from Apple and other bellwethers, including Starbucks, that reported results on Thursday. They noted that lockdowns in China strangled sales for many companies in the world's second-biggest economy, expecting a rebound in the coming year. "When things started to reopen in December (in China), we did see an increase in traffic to our stores as compared to November and an increase in demand as December rolled around," Apple Chief Executive Tim Cook told Reuters. Cook said lockdowns in China hurt both production and demand, and the company faced headwinds from the strong U.S. dollar that pushed revenues lower. “Currency was a headwind but will be a tailwind in Q1,” said Nancy Tengler, chief executive of Laffer Tengler Investments in Scottsdale, Arizona, referring to the dollar's weakening trajectory. "The supply chain was a problem more so than demand, and that seems to have been right-sized." Similarly, Starbucks said comparable sales fell 29% from the previous year in China, the company's fastest-growing market, but that beginning in January, it saw "very encouraging" recovery momentum there. Other U.S. consumer bellwethers painted a mixed picture. Consumer staples giant Clorox said product volumes fell in three of the company's four business segments in the fourth quarter, while automaker Ford said the year ahead was going to be a difficult one. They, and other companies, are still grappling with higher interest rates that are slowing demand. This year's surge in stocks has been built on a rally in bonds, as lower yields make high-valuation shares more attractive. Cost-cutting by Alphabet and Meta led some investors to think that interest rates are affecting demand. "In many respects we're waiting for that other shoe to drop – the impact of higher rates on the economy, inflation, earnings and jobs," said Jack Ablin, co-founder and chief investment officer at Cresset Capital, which manages $30 billion. "Profits tend to trough nine months after overnight rates peak and we haven't even seen the peak in overnight rates yet." Is the selloff in tech stocks over?https://tmsnrt.rs/3DCBBdD (Reporting By Herbert Lash, Caroline Valetkevitch and David Gaffen; writing by David Gaffen; Editing by Peter Henderson and Cynthia Osterman) ((david.gaffen@thomsonreuters.com; +1-646-223-6064; Reuters Messaging: david.gaffen.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. Similarly, Starbucks said comparable sales fell 29% from the previous year in China, the company's fastest-growing market, but that beginning in January, it saw "very encouraging" recovery momentum there. Consumer staples giant Clorox said product volumes fell in three of the company's four business segments in the fourth quarter, while automaker Ford said the year ahead was going to be a difficult one.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. By Caroline Valetkevitch and Herbert Lash Feb 3 (Reuters) - Big Tech led U.S. markets on a sharp rebound to kick off 2023. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. .N "Maybe the tech stocks rallied a little bit too much into these numbers, so the market will be taking a deep breath and saying, 'OK, well these companies aren't bulletproof,'" said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia. Cook said lockdowns in China hurt both production and demand, and the company faced headwinds from the strong U.S. dollar that pushed revenues lower.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. By Caroline Valetkevitch and Herbert Lash Feb 3 (Reuters) - Big Tech led U.S. markets on a sharp rebound to kick off 2023. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China.
17254.0	2023-02-03 00:00:00 UTC	Microsoft Fast Integrating AI Into Enterprise & Healthcare Suites	AAPL	https://www.nasdaq.com/articles/microsoft-fast-integrating-ai-into-enterprise-healthcare-suites	nan	nan	If you’re still thinking of Microsoft Corporation (NASDAQ: MSFT) as a sleepy maker of productivity tools, then its massive forays into the world of artificial intelligence may surprise you. More of its product offerings incorporate AI solutions as the company aims to grow its capabilities in search, enterprise and productivity, and healthcare, to name just a few areas. The company has been making headlines recently as it rolls out its Teams Premium service with features supported by OpenAI’s GPT-3.5 AI language model. The new features include an “intelligent recap” automatically generating tasks, notes, meeting highlights, and other functions. Microsoft is promoting the intelligent recap as the biggest benefit of the new rollout, as it’s hoping to attract customers to pay a $ 7-a-month introductory rate, which increases to $10 a month in June. Hasten Speed Of Commercialization In January, Microsoft closed on a multi-billion dollar investment in OpenAI, which developed the much-publicized ChatGPT. Microsoft has been nibbling at OpenAI, with previous investments in 2019 and 2021, with the hope of commercializing the technologies and speeding up the pace of research and development. Many analysts believe Microsoft will use the OpenAI partnership to breathe new life into its also-ran search engine Bing, with the hope of nabbing some market share from Alphabet Inc. (NASDAQ: GOOGL). As huge as that would be for Microsoft’s search business, it plans to introduce AI technologies throughout its product lines. For example, in January, the company said it might add ChatGPT technology to its Microsoft 365 software suite, including widely used products Word, PowerPoint and Outlook. De Facto Corporate Standard Although Apple Inc. (NASDAQ: AAPL) has made significant inroads among enterprise customers, Microsoft 365 products are still the de-facto standard in corporate settings. That means vast numbers of users would have exposure to the ChatGPT features, which may be used to create text with a single prompt and allow users to perform tasks faster and more accurately. Some analysts believe Microsoft is inching toward an outright acquisition of OpenAI. Also in January, healthcare AI company Paige announced a partnership with Microsoft to develop and deliver clinical applications and biomarkers to advance cancer diagnoses and patient care. In its announcement, Paige said, “Microsoft will also make a strategic investment in Paige to accelerate the development and deployment of life-saving AI diagnostics.” That may also hint at an eventual outright acquisition of the privately held Paige. Paige will use Microsoft Azure as the cloud provider for its Paige Platform, which powers a lab’s digital pathology workflow. Paige is becoming a Microsoft Cloud for Healthcare partner, which expands Microsoft’s healthcare offerings. Rapidly Expanding Healthcare Capabilities Microsoft has been expanding its capabilities in the healthcare field, with an emphasis on integrating AI applications. In March 2022, it completed the acquisition of Nuance, a speech-recognition software. In particular, Microsoft was focused on integrating Nuance into its Microsoft Cloud for Healthcare suite, which was introduced in 2020. Nuance’s healthcare-specific products include the Dragon Ambient eXperience, Dragon Medical One, and PowerScribe One. In its release announcing the Nuance acquisition, Microsoft said, “Nuance’s solutions work seamlessly with core healthcare systems, including longstanding relationships with Electronic Health Records (EHRs), to alleviate the burden of clinical documentation and empower providers to deliver better patient experiences.” Microsoft’s chart shows the stock has been in rally mode this year, advancing 5.39% in 2023. Shares are still well below their November high of $349.67 but have notched upside gains in the past three weeks. In January, the company got negative attention when it announced that it would lay off 10,000 employees. It also reported that revenue for its Azure cloud-computing unit was decelerating. However, the company is taking steps to expand its business in new directions that could make it an attractive investment candidate for those seeking more stable growth and a small dividend yield. Microsoft has increased its dividend in the past 20 years, landing it a spot on MarketBeat’s dividend achievers list. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	De Facto Corporate Standard Although Apple Inc. (NASDAQ: AAPL) has made significant inroads among enterprise customers, Microsoft 365 products are still the de-facto standard in corporate settings. Microsoft is promoting the intelligent recap as the biggest benefit of the new rollout, as it’s hoping to attract customers to pay a $ 7-a-month introductory rate, which increases to $10 a month in June. Many analysts believe Microsoft will use the OpenAI partnership to breathe new life into its also-ran search engine Bing, with the hope of nabbing some market share from Alphabet Inc. (NASDAQ: GOOGL).	De Facto Corporate Standard Although Apple Inc. (NASDAQ: AAPL) has made significant inroads among enterprise customers, Microsoft 365 products are still the de-facto standard in corporate settings. For example, in January, the company said it might add ChatGPT technology to its Microsoft 365 software suite, including widely used products Word, PowerPoint and Outlook. Also in January, healthcare AI company Paige announced a partnership with Microsoft to develop and deliver clinical applications and biomarkers to advance cancer diagnoses and patient care.	De Facto Corporate Standard Although Apple Inc. (NASDAQ: AAPL) has made significant inroads among enterprise customers, Microsoft 365 products are still the de-facto standard in corporate settings. In its announcement, Paige said, “Microsoft will also make a strategic investment in Paige to accelerate the development and deployment of life-saving AI diagnostics.” That may also hint at an eventual outright acquisition of the privately held Paige. Paige is becoming a Microsoft Cloud for Healthcare partner, which expands Microsoft’s healthcare offerings.	De Facto Corporate Standard Although Apple Inc. (NASDAQ: AAPL) has made significant inroads among enterprise customers, Microsoft 365 products are still the de-facto standard in corporate settings. The new features include an “intelligent recap” automatically generating tasks, notes, meeting highlights, and other functions. For example, in January, the company said it might add ChatGPT technology to its Microsoft 365 software suite, including widely used products Word, PowerPoint and Outlook.
17255.0	2023-02-03 00:00:00 UTC	CANADA STOCKS-TSX futures flat as commodity prices slip, U.S. jobs awaited	AAPL	https://www.nasdaq.com/articles/canada-stocks-tsx-futures-flat-as-commodity-prices-slip-u.s.-jobs-awaited	nan	nan	Feb 3 (Reuters) - Futures for Canada's main stock index were muted on Friday as commodity prices dipped, while investors awaited U.S. jobs data to understand for clues on the Federal Reserve's future interest rate moves. Futures on the S&P/TSX index SXFc1 were flat at 6:44 a.m. ET (1144 GMT) after the benchmark closed lower on Thursday, weighed down by losses in commodity-linked stocks. Investors would be looking for U.S. jobs data due at 8:30 a.m. ET, a key metric in gauging where the Fed stands on future rate increases, having hiked its lending rate by an expected 25 basis points on Wednesday. U.S. futures pointed to a lower opening on Wall Street, with disappointing quarterly results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O dampening sentiment. .N Oil prices eased, with major oil benchmarks headed for their second consecutive week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. O/R Gold steadied in a tight range as cautious investors took stock of a host of central bank statements and positioned themselves for the key U.S. payrolls report. GOL/ Materials and energy companies have a combined weightage of about 31% on the main index. In earnings, methanol producer Methanex MX.TOreported better-than-expected quarterly results overnight. Software company OpenText Corp OTEX.TO also reported its quarterly numbers, beating expectations on both revenue and earnings. On the research front, CIBC cut software company Lightspeed Commerce's LSPD.TO rating to "neutral" from "outperformer". (Reporting by Shashwat Chauhan in Bengaluru; Editing by Krishna Chandra Eluri) ((Shashwat.Chauhan@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	U.S. futures pointed to a lower opening on Wall Street, with disappointing quarterly results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O dampening sentiment. O/R Gold steadied in a tight range as cautious investors took stock of a host of central bank statements and positioned themselves for the key U.S. payrolls report. On the research front, CIBC cut software company Lightspeed Commerce's LSPD.TO rating to "neutral" from "outperformer".	U.S. futures pointed to a lower opening on Wall Street, with disappointing quarterly results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O dampening sentiment. Feb 3 (Reuters) - Futures for Canada's main stock index were muted on Friday as commodity prices dipped, while investors awaited U.S. jobs data to understand for clues on the Federal Reserve's future interest rate moves. .N Oil prices eased, with major oil benchmarks headed for their second consecutive week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies.	U.S. futures pointed to a lower opening on Wall Street, with disappointing quarterly results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O dampening sentiment. Feb 3 (Reuters) - Futures for Canada's main stock index were muted on Friday as commodity prices dipped, while investors awaited U.S. jobs data to understand for clues on the Federal Reserve's future interest rate moves. ET, a key metric in gauging where the Fed stands on future rate increases, having hiked its lending rate by an expected 25 basis points on Wednesday.	U.S. futures pointed to a lower opening on Wall Street, with disappointing quarterly results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O dampening sentiment. Feb 3 (Reuters) - Futures for Canada's main stock index were muted on Friday as commodity prices dipped, while investors awaited U.S. jobs data to understand for clues on the Federal Reserve's future interest rate moves. In earnings, methanol producer Methanex MX.TOreported better-than-expected quarterly results overnight.
17256.0	2023-02-03 00:00:00 UTC	If I Could Only Invest in ETFs, Here Are the 5 I Would Buy	AAPL	https://www.nasdaq.com/articles/if-i-could-only-invest-in-etfs-here-are-the-5-i-would-buy	nan	nan	Warren Buffett has said that investors don't need to do extraordinary things to get extraordinary results, and that's true when it comes to exchange-traded fund (ETF) investing. With that in mind, here's how I would construct a portfolio of just five ETFs that could build tremendous wealth over time while still letting me sleep at night. Stock prices used were the afternoon prices of Jan. 31, 2023. The video was published on Feb. 1, 2023. 10 stocks we like better than Vanguard S&P 500 ETF 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 Vanguard S&P 500 ETF wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of 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. Matthew Frankel, CFP® has positions in Amazon.com and Berkshire Hathaway. The Motley Fool has positions in and recommends Amazon.com, American Tower, Apple, Berkshire Hathaway, Equinix, Microsoft, Prologis, Vanguard Bond Index Funds-Vanguard Total Bond Market ETF, Vanguard Index Funds-Vanguard Small-Cap ETF, Vanguard S&P 500 ETF, and Vanguard Specialized Funds-Vanguard Real Estate ETF. The Motley Fool recommends First Solar and Targa Resources and 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. Matthew Frankel 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.	With that in mind, here's how I would construct a portfolio of just five ETFs that could build tremendous wealth over time while still letting me sleep at night. 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 Vanguard S&P 500 ETF wasn't one of them!	After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Amazon.com, American Tower, Apple, Berkshire Hathaway, Equinix, Microsoft, Prologis, Vanguard Bond Index Funds-Vanguard Total Bond Market ETF, Vanguard Index Funds-Vanguard Small-Cap ETF, Vanguard S&P 500 ETF, and Vanguard Specialized Funds-Vanguard Real Estate ETF. The Motley Fool recommends First Solar and Targa Resources and 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.	See the 10 stocks *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. The Motley Fool has positions in and recommends Amazon.com, American Tower, Apple, Berkshire Hathaway, Equinix, Microsoft, Prologis, Vanguard Bond Index Funds-Vanguard Total Bond Market ETF, Vanguard Index Funds-Vanguard Small-Cap ETF, Vanguard S&P 500 ETF, and Vanguard Specialized Funds-Vanguard Real Estate ETF. The Motley Fool recommends First Solar and Targa Resources and 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.	* They just revealed what they believe are the ten best stocks for investors to buy right now... and Vanguard S&P 500 ETF wasn't one of them! Matthew Frankel, CFP® has positions in Amazon.com and Berkshire Hathaway. The Motley Fool has positions in and recommends Amazon.com, American Tower, Apple, Berkshire Hathaway, Equinix, Microsoft, Prologis, Vanguard Bond Index Funds-Vanguard Total Bond Market ETF, Vanguard Index Funds-Vanguard Small-Cap ETF, Vanguard S&P 500 ETF, and Vanguard Specialized Funds-Vanguard Real Estate ETF.
17257.0	2023-02-03 00:00:00 UTC	FOREX-Dollar perks up as traders await U.S. jobs numbers	AAPL	https://www.nasdaq.com/articles/forex-dollar-perks-up-as-traders-await-u.s.-jobs-numbers	nan	nan	By Harry Robertson LONDON, Feb 3 (Reuters) - The dollar rose slightly on Friday, sustaining some momentum after jumping in the previous session following a raft of central bank decisions in Europe. Trading was relatively subdued as markets waited for the latest U.S. employment data later in the day which may shift U.S. Federal Reserve policy. The dollar picked up against the euro, with the latter EUR=EBS down 0.1% to $1.09 in early European trading. The euro remained well above the 20-year low of $0.953 hit in September, however. The Federal Open Market Committee on Wednesday raised interest rates by 25 basis points to a range of 4.5% to 4.75%, a softer approach than the previous increase of 50 bps. The slowdown in the pace and comments from the central bank helped send the dollar tumbling as traders hoped rate hikes might soon end altogether. It then rallied sharply on Thursday when the European Central Bank raised rates by 50 bps to 2.5%, but suggested that it could be finished after another increase in March, causing the euro to tumble. "Essentially we have retraced everything before the (Fed)meeting," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. He said relatively weak earnings reports by tech giants AlphabetGOOGL.O, AppleAAPL.O and AmazonAMZN.O were causing "a bit of a risk-off mood" in markets that was likely boosting the dollar on Friday. The dollar index =USD, which tracks the currency against major peers, was up 0.1% to 101.89. Japan's yen JPY=EBS was slightly higher against the dollar, however, at 128.66 per dollar. The big event for markets on Friday is the release of U.S. employment - or nonfarm payroll - numbers at 8.30 a.m. ET (1330 GMT). Analysts polled by Reuters expect the U.S. economy to have added 185,000 jobs in January, a strong showing but down from 223,000 in December. Wages data is also due. The pound GBP=D3 was down 0.18% on Friday to $1.22, after tumbling 1.2% on Thursday when the Bank of England raised interest rates but stressed that inflation was showing signs of relenting. The Australian dollar AUD=D3 was 0.35% lower at $0.705. Meanwhile, the U.S. dollar was up 0.35% against its Canadian counterpart at C$1.336. Tan said he thinks the U.S. dollar should remain under pressure in the coming weeks, given that the Fed is the central bank closest to pausing interest rate hikes. "I think that the path of least resistance in the next quarter... is still for dollar weakness, unless we get a big risk-off fright," he said. World FX rateshttps://tmsnrt.rs/2RBWI5E Euro vs. dollarhttps://tmsnrt.rs/3jwrvEk (Reporting by Harry Robertson; Additional reporting by Rae Wee; Editing by Lincoln Feast, Simon Cameron-Moore and Emelia Sithole-Matarise) ((Harry.robertson@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.	He said relatively weak earnings reports by tech giants AlphabetGOOGL.O, AppleAAPL.O and AmazonAMZN.O were causing "a bit of a risk-off mood" in markets that was likely boosting the dollar on Friday. By Harry Robertson LONDON, Feb 3 (Reuters) - The dollar rose slightly on Friday, sustaining some momentum after jumping in the previous session following a raft of central bank decisions in Europe. The Federal Open Market Committee on Wednesday raised interest rates by 25 basis points to a range of 4.5% to 4.75%, a softer approach than the previous increase of 50 bps.	He said relatively weak earnings reports by tech giants AlphabetGOOGL.O, AppleAAPL.O and AmazonAMZN.O were causing "a bit of a risk-off mood" in markets that was likely boosting the dollar on Friday. It then rallied sharply on Thursday when the European Central Bank raised rates by 50 bps to 2.5%, but suggested that it could be finished after another increase in March, causing the euro to tumble. The pound GBP=D3 was down 0.18% on Friday to $1.22, after tumbling 1.2% on Thursday when the Bank of England raised interest rates but stressed that inflation was showing signs of relenting.	He said relatively weak earnings reports by tech giants AlphabetGOOGL.O, AppleAAPL.O and AmazonAMZN.O were causing "a bit of a risk-off mood" in markets that was likely boosting the dollar on Friday. By Harry Robertson LONDON, Feb 3 (Reuters) - The dollar rose slightly on Friday, sustaining some momentum after jumping in the previous session following a raft of central bank decisions in Europe. Tan said he thinks the U.S. dollar should remain under pressure in the coming weeks, given that the Fed is the central bank closest to pausing interest rate hikes.	He said relatively weak earnings reports by tech giants AlphabetGOOGL.O, AppleAAPL.O and AmazonAMZN.O were causing "a bit of a risk-off mood" in markets that was likely boosting the dollar on Friday. Trading was relatively subdued as markets waited for the latest U.S. employment data later in the day which may shift U.S. Federal Reserve policy. It then rallied sharply on Thursday when the European Central Bank raised rates by 50 bps to 2.5%, but suggested that it could be finished after another increase in March, causing the euro to tumble.
17258.0	2023-02-03 00:00:00 UTC	European shares hit by weak earnings from U.S. tech giants	AAPL	https://www.nasdaq.com/articles/european-shares-hit-by-weak-earnings-from-u.s.-tech-giants-0	nan	nan	By Ankika Biswas Feb 3 (Reuters) - European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact of high interest rates. The pan-European STOXX 600 .STOXX was down 0.3% as of 0915 GMT. However, the benchmark index was on track for weekly gains, thanks to the jump on Thursday as the European Central Bank's (ECB) hawkish message failed to derail investor hopes of the global rate hiking cycle nearing an end. Global central banks are now somewhat laying the groundwork in unison for a pause in hiking rates later this year, but the ECB seems furthest from a likely stopping point. The technology sector index .SX8P fell 0.8%, with Apple supplier Infineon IFXGn.DE dropping nearly 2%, while real estate stocks .SX86P were down 1.7%. Frankfurt-listed shares of U.S. tech giants Amazon.com AMZN.F, Apple Inc AAPL.F and Alphabet Inc ABEA.F slid between 5% and 6% on disappointing earnings, while Wall Street's main indexes will likely open lower. "The U.S. has a major exposure in Europe, so this (U.S. tech earnings) will weigh on overall sentiment globally and in Europe especially," said Sutanya Chedda, European equity strategist at UBS. "But the market is already aware that growth is slowing in the U.S." Meanwhile, a survey showed business activity in the euro zone bounced back to growth in January, suggesting the bloc's economy might again escape a contraction this quarter and that the upturn may accelerate. "Probability of European recession has come down and that of U.S. is about 73% at this moment ... we've never had such a large gap in the probabilities," Chedda added. Among other stocks, French drugmaker Sanofi SASY.PA fell 3.9% after forecasting moderate 2023 earnings growth as strong demand for its best-selling drug, Dupixent, would be partly offset by generic competition for its multiple sclerosis pill, Aubagio. Dutch navigation and digital mapping company TomTom TOM2.AS jumped 8.4% after raising its 2023 guidance. Spain's Caixabank CABK.MC gained 2.3% after reporting a 62% annual growth in fourth-quarter net profit. Casino CASP.PA fell 1.5% after analysts flagged that talks with Teract TRACT.PA to combine French retail activities would not address the supermarket group's urgent need to slash debt. (Reporting by Ankika Biswas in Bengaluru; Editing by Savio D'Souza and Shinjini Ganguli) ((Ankika.Biswas@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Frankfurt-listed shares of U.S. tech giants Amazon.com AMZN.F, Apple Inc AAPL.F and Alphabet Inc ABEA.F slid between 5% and 6% on disappointing earnings, while Wall Street's main indexes will likely open lower. By Ankika Biswas Feb 3 (Reuters) - European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact of high interest rates. However, the benchmark index was on track for weekly gains, thanks to the jump on Thursday as the European Central Bank's (ECB) hawkish message failed to derail investor hopes of the global rate hiking cycle nearing an end.	Frankfurt-listed shares of U.S. tech giants Amazon.com AMZN.F, Apple Inc AAPL.F and Alphabet Inc ABEA.F slid between 5% and 6% on disappointing earnings, while Wall Street's main indexes will likely open lower. By Ankika Biswas Feb 3 (Reuters) - European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact of high interest rates. However, the benchmark index was on track for weekly gains, thanks to the jump on Thursday as the European Central Bank's (ECB) hawkish message failed to derail investor hopes of the global rate hiking cycle nearing an end.	Frankfurt-listed shares of U.S. tech giants Amazon.com AMZN.F, Apple Inc AAPL.F and Alphabet Inc ABEA.F slid between 5% and 6% on disappointing earnings, while Wall Street's main indexes will likely open lower. By Ankika Biswas Feb 3 (Reuters) - European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact of high interest rates. However, the benchmark index was on track for weekly gains, thanks to the jump on Thursday as the European Central Bank's (ECB) hawkish message failed to derail investor hopes of the global rate hiking cycle nearing an end.	Frankfurt-listed shares of U.S. tech giants Amazon.com AMZN.F, Apple Inc AAPL.F and Alphabet Inc ABEA.F slid between 5% and 6% on disappointing earnings, while Wall Street's main indexes will likely open lower. By Ankika Biswas Feb 3 (Reuters) - European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact of high interest rates. The pan-European STOXX 600 .STOXX was down 0.3% as of 0915 GMT.
17259.0	2023-02-03 00:00:00 UTC	India's customs duty change to dial up local phone production-tax official	AAPL	https://www.nasdaq.com/articles/indias-customs-duty-change-to-dial-up-local-phone-production-tax-official	nan	nan	By Shivangi Acharya and Nikunj Ohri NEW DELHI, Feb 3 (Reuters) - India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc AAPL.O, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manufacturers. At the annual budget for 2023/24 on Wednesday, Finance Minister Nirmala Sitharamam eliminated the 2.5% customs duty on select parts of mobile camera phones. "The duty structure now encourages them (phone manufacturers) to import parts and assemble here," V. Rama Mathew, member of India's Central Board of Indirect Taxes and Customs, said in an interview. "The duty changes will benefit all phone sectors. But it will also benefit the premium phone sector because if you see the cost of components, camera assembly contributes substantially," Mathew said. The move comes as Apple aims to boost its share of India-produced phones to 25%. Apple exports from India hit $1 billion in December. The Cupertino, California-based company has bet big on India since it began assembling iPhones in the country in 2017 via Wistron 3231.TW, and later with Foxconn 2317.TW, in line with the Indian government's push for local manufacturing. Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, sources told Reuters late last year. J.P. Morgan analysts have estimated that a quarter of all Apple products would be made outside China by 2025, up from 5% currently. (Reporting by Shivangi Acharya; Editing by Savio D'Souza) ((Shivangi.Acharya@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	By Shivangi Acharya and Nikunj Ohri NEW DELHI, Feb 3 (Reuters) - India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc AAPL.O, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manufacturers. "The duty structure now encourages them (phone manufacturers) to import parts and assemble here," V. Rama Mathew, member of India's Central Board of Indirect Taxes and Customs, said in an interview.	By Shivangi Acharya and Nikunj Ohri NEW DELHI, Feb 3 (Reuters) - India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc AAPL.O, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manufacturers. At the annual budget for 2023/24 on Wednesday, Finance Minister Nirmala Sitharamam eliminated the 2.5% customs duty on select parts of mobile camera phones.	By Shivangi Acharya and Nikunj Ohri NEW DELHI, Feb 3 (Reuters) - India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc AAPL.O, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manufacturers. "The duty structure now encourages them (phone manufacturers) to import parts and assemble here," V. Rama Mathew, member of India's Central Board of Indirect Taxes and Customs, said in an interview.	By Shivangi Acharya and Nikunj Ohri NEW DELHI, Feb 3 (Reuters) - India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc AAPL.O, a tax official told Reuters on Friday. "The duty changes will benefit all phone sectors. The Cupertino, California-based company has bet big on India since it began assembling iPhones in the country in 2017 via Wistron 3231.TW, and later with Foxconn 2317.TW, in line with the Indian government's push for local manufacturing.
17260.0	2023-02-03 00:00:00 UTC	US STOCKS-Wall St set to tumble at open as jobs data fans higher rate worries	AAPL	https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-tumble-at-open-as-jobs-data-fans-higher-rate-worries	nan	nan	By Shubham Batra, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. The Labor Department's report for nonfarm payrolls showed 517,000 job additions in January, almost three times expectations of 185,000 additions. The unemployment rate ticked down 3.4% in January from 3.5% in December. "Whenever we see these big numbers, the fear of the Fed comes back with a vengeance because people are probably afraid that the Fed is going to push things even further than what they have, running the risk of not soft landing, but more of a car crash," said Brian Jacobsen, senior investment strategist for Allspring Global Investments. After the Fed raised its target rate by 25 basis points on Wednesday, money markets are now expecting the U.S. central bank to hike rates two more times before stopping, with expectations of rates seen peaking at 4.95% by June compared to 4.91% before the data. FEDWATCH This added to the downbeat mood set by disappointing results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O, which declined between 2.1% and 6.1% in premarket trading. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results. The results looked set to snap the rally in U.S. equities in the previous session after Fed Chair Jerome Powell in his remarks after the Wednesday policy meeting referred repeatedly to the "disinflationary" process being underway. Both the Nasdaq .IXIC and the S&P 500 .SPX posted strong gains on Thursday and touched near five-month highs, while the Dow Jones Industrial Average .DJI slipped, dragged down by declines in some big healthcare stocks. U.S. stocks made a strong start in 2023 after a dismal 2022, with battered technology and related stocks leading the rebound on hopes that the Fed will temper its aggressive rate hikes, in turn alleviating some pressure on equity valuations. Ford Motor CoF.N fell 7.8% on missing quarterly earnings expectations while also warning of a rocky year ahead. Nearly 70% of half the S&P 500 firms that reported fourth-quarter earnings have topped Wall Street expectations. Analysts now see earnings of S&P 500 firms declining 2.7% for the quarter, according to Refinitiv estimates. (Reporting by Shubham Batra, Shreyashi Sanyal and Johann M Cherian; Editing by Vinay Dwivedi and Maju Samuel) ((Shubham.Batra@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.	FEDWATCH This added to the downbeat mood set by disappointing results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O, which declined between 2.1% and 6.1% in premarket trading. By Shubham Batra, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results.	FEDWATCH This added to the downbeat mood set by disappointing results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O, which declined between 2.1% and 6.1% in premarket trading. By Shubham Batra, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results.	FEDWATCH This added to the downbeat mood set by disappointing results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O, which declined between 2.1% and 6.1% in premarket trading. By Shubham Batra, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. After the Fed raised its target rate by 25 basis points on Wednesday, money markets are now expecting the U.S. central bank to hike rates two more times before stopping, with expectations of rates seen peaking at 4.95% by June compared to 4.91% before the data.	FEDWATCH This added to the downbeat mood set by disappointing results from megacap growth companies including Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Alphabet Inc GOOGL.O, which declined between 2.1% and 6.1% in premarket trading. By Shubham Batra, Shreyashi Sanyal and Johann M Cherian Feb 3 (Reuters) - Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation. The Labor Department's report for nonfarm payrolls showed 517,000 job additions in January, almost three times expectations of 185,000 additions.
17261.0	2023-02-03 00:00:00 UTC	GLOBAL MARKETS-Tech giants call time on stocks rally, U.S. payrolls loom	AAPL	https://www.nasdaq.com/articles/global-markets-tech-giants-call-time-on-stocks-rally-u.s.-payrolls-loom	nan	nan	By Naomi Rovnick and Stella Qiu LONDON/SYDNEY, Feb 3 (Reuters) - A global stock rally,powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Fridayfollowing weak earnings from U.S. tech giants and as key U.S. jobs data loomed. The MSCI World Stock Index .MIWD00000PUS slipped 0.2%, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end. Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 NQc1 2% lower, on disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. S&P 500 futures ESc1 slid 0.9%. In Europe, the Stoxx 600 share benchmark fell 0.6%. Germany's benchmark 10-year bond yield DE10YT=RR inched 2 basis points (bps) higher to 2.097%, having on Thursday dropped by the most since 2011 as the price of the debt rallied. This week, the U.S. Federal Reserve, the European Central bank (ECB) and Bank of England (BoE) all increased benchmark borrowing costs and warned of more hikes to come. Markets initially shrugged off the hawkishness, however, and clung to a statement by Fed chair Jay Powell on Wednesday that the United States was in the early stages of "disinflation." The mood turned much more cautious on Thursday, however, as U.S. tech shares took a beating in U.S. after-hours trading. Apple projected another revenue decline in the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed expectations in its fourth-quarter profit and revenue. The keenly watched U.S. non-farm payrolls report, due out later on Friday, could now be crucial to supporting the recent rally. "If we are seeing an easing of net job creation that would allow the Fed to just do one more rate hike of 25 basis points and that would be the end of the cycle," said Willem Sels, global chief investment officer at HSBC's private bank. "We will see headwinds from further earnings downgrades, but we have incorporated quite a lot [of this] already so I think markets can hold here if we are indeed right on the Fed." U.S. job growth likely remained strong in January, with economists polled by Reuters expecting 185,000 new jobs were created last month. Hourly wages are predicted to have risen by 0.3% from the month before, although the unemployment rate is also forecast to have ticked up to 3.6% from 3.5%, which may give the Fed comfort that wage inflation could decline. Alan Ruskin, macro strategist at Deutsche Bank, said that given the current market price action ahead of the U.S. payrolls data, a softer report would be regarded as endorsing all the favourite trades of the year. "Not least it would provide the most important evidence to date to suggest that the market's rates pricing is more appropriate than the Fed's own more hawkish signalling," Ruskin said. Futures markets favour another 25 bp hike from the Fed in Marchand imply that might be the end of its current tightening cycle. They have also priced in two rate cuts by the end of this year, a scenario Powell dismissed. FEDWATCH Sterling GBP=D3 fell to $1.2185 on Friday, the lowest in more than two weeks, after tumbling 1.2% the previous session. Asia stock marketshttps://tmsnrt.rs/2zpUAr4 Asia-Pacific valuationshttps://tmsnrt.rs/2Dr2BQA (Editing by Dhara Ranasinghe and Toby Chopra) ((naomi.rovnick@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.	Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 NQc1 2% lower, on disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick and Stella Qiu LONDON/SYDNEY, Feb 3 (Reuters) - A global stock rally,powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Fridayfollowing weak earnings from U.S. tech giants and as key U.S. jobs data loomed. "If we are seeing an easing of net job creation that would allow the Fed to just do one more rate hike of 25 basis points and that would be the end of the cycle," said Willem Sels, global chief investment officer at HSBC's private bank.	Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 NQc1 2% lower, on disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick and Stella Qiu LONDON/SYDNEY, Feb 3 (Reuters) - A global stock rally,powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Fridayfollowing weak earnings from U.S. tech giants and as key U.S. jobs data loomed. The MSCI World Stock Index .MIWD00000PUS slipped 0.2%, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end.	Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 NQc1 2% lower, on disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick and Stella Qiu LONDON/SYDNEY, Feb 3 (Reuters) - A global stock rally,powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Fridayfollowing weak earnings from U.S. tech giants and as key U.S. jobs data loomed. The MSCI World Stock Index .MIWD00000PUS slipped 0.2%, but was still near its highest since last August following a sharp rebound in recent weeks on hopes that central bank rate hikes are nearing an end.	Wall Street stock futures fell sharply, with contracts on the tech-heavy Nasdaq 100 NQc1 2% lower, on disappointing earnings from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O. By Naomi Rovnick and Stella Qiu LONDON/SYDNEY, Feb 3 (Reuters) - A global stock rally,powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Fridayfollowing weak earnings from U.S. tech giants and as key U.S. jobs data loomed. "If we are seeing an easing of net job creation that would allow the Fed to just do one more rate hike of 25 basis points and that would be the end of the cycle," said Willem Sels, global chief investment officer at HSBC's private bank.
17262.0	2023-02-03 00:00:00 UTC	GLOBAL MARKETS-Asian stocks pull back, dollar regains footing ahead of U.S. payrolls data	AAPL	https://www.nasdaq.com/articles/global-markets-asian-stocks-pull-back-dollar-regains-footing-ahead-of-u.s.-payrolls-data-0	nan	nan	By Stella Qiu SYDNEY, Feb 3 (Reuters) - A global stock rally ran into resistance in Asia on Friday as disappointing earnings from U.S. tech giants undermined sentiment, while the dollar regained some of its footing ahead of a key U.S. non-farm payrolls report. European markets are set to extend the caution, with pan-region Euro Stoxx 50 futures STXEc1 down 0.1%, German DAX futures FDXc1 falling 0.2%, and FTSE futures FFIc1 mostly flat. Overnight, markets took a dovish view on rate guidance from the European Central Bank and the Bank of England, hoping that an end of the massive global tightening cycle is in sight, pushing local bonds higher and the currencies lower. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.6% on Friday, dragged down by a 1.3% slump in Chinese blue-chips .CSI300 and a 1.4% tumble in Hong Kong's Hang Seng index .HSI. Investors are waiting to see more tangible signs of an economic recovery in China, after Beijing dropped nearly all of its COVID curbs in December, sparking a surge in foreign inflows. .SS Other regional markets eked out modest gains. Japan's Nikkei .N225 rose 0.3%, Australia's resources heavy shares .AXJO rallied 0.6% and South Korea's KOSPI .KS11 climbed 0.5%. Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment, with the S&P 500 futures ESc1 sliding 0.5% and Nasdaq futures NQc1 falling 1.5% on Friday. Tech shares took a beating in Thursday's after-hours trading, with shares of Apple down 3.2%, Amazon down 5% and Google parent Alphabet down 4.6%. Apple projected another revenue decline in the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed expectations in its fourth-quarter profit and revenue. That took the shine off a strong regular trading session on Thursday, when the S&P .SPX climbed 1.5% and the Nasdaq .IXIC surged 3.3%. The uptick built on strong gains from the previous day after Federal Reserve Chair Jerome Powell said disinflationary pressures are underway in the economy, raising hopes that a pause to its monetary tightening streak is near. Investors are also watching the fallout from this week's plunge in shares of India's Adani group, which continued to nosedive on Friday with market losses amounting to $115 billion in the wake of a U.S. short-seller's report. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path. Markets reacted by pushing European yields sharply lower, with the 10-year German bunds DE10YT=RR falling 22.6 basis points to 2.065%, the biggest drop since 2011, and Italian bonds IT10YT=RR tumbling 40 bps to 3.887%, the most since 2020. "The wash-up is that the BoE meeting was dovish, and the ECB is now firmly open-minded and data-dependent, and the Fed chose not to fight the market and the market feels validated by that," said Chris Weston, head of research at Pepperstone. Alan Ruskin, macro strategist at Deutsche Bank, said that given the current market price action ahead of the U.S. payrolls data, a softer report would be regarded as endorsing all the favourite trades of the year. "Not least it would provide the most important evidence to date to suggest that the market's rates pricing is more appropriate than the Fed's own more hawkish signalling," said Ruskin. Analysts expect 185,000 jobs were added last month, the lowest since January 2021, unemployment edged up to 3.6%, and hourly wage inflation to stay flat at 0.3% on a monthly basis, suggesting the strong labour market might have started to ease up. Futures markets still favour another 25-basis-point hike from the Fed at its March policy meeting, while implying that might be the end of its current tightening cycle. They have also priced in one rate cut by the end of this year, a scenario Powell dismissed. FEDWATCH Sterling GBP=D3 fell to $1.2213 on Friday, the lowest in more than two weeks, after tumbling 1.2% the previous session. Gold was 0.2% higher. Spot gold XAU= was traded at $1915.66 per ounce. GOL/ Asia stock marketshttps://tmsnrt.rs/2zpUAr4 Asia-Pacific valuationshttps://tmsnrt.rs/2Dr2BQA (Editing by Shri Navaratnam and Kim Coghill) ((yifan.qiu@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.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment, with the S&P 500 futures ESc1 sliding 0.5% and Nasdaq futures NQc1 falling 1.5% on Friday. By Stella Qiu SYDNEY, Feb 3 (Reuters) - A global stock rally ran into resistance in Asia on Friday as disappointing earnings from U.S. tech giants undermined sentiment, while the dollar regained some of its footing ahead of a key U.S. non-farm payrolls report. The uptick built on strong gains from the previous day after Federal Reserve Chair Jerome Powell said disinflationary pressures are underway in the economy, raising hopes that a pause to its monetary tightening streak is near.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment, with the S&P 500 futures ESc1 sliding 0.5% and Nasdaq futures NQc1 falling 1.5% on Friday. Overnight, markets took a dovish view on rate guidance from the European Central Bank and the Bank of England, hoping that an end of the massive global tightening cycle is in sight, pushing local bonds higher and the currencies lower. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment, with the S&P 500 futures ESc1 sliding 0.5% and Nasdaq futures NQc1 falling 1.5% on Friday. Overnight, markets took a dovish view on rate guidance from the European Central Bank and the Bank of England, hoping that an end of the massive global tightening cycle is in sight, pushing local bonds higher and the currencies lower. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment, with the S&P 500 futures ESc1 sliding 0.5% and Nasdaq futures NQc1 falling 1.5% on Friday. Overnight, markets took a dovish view on rate guidance from the European Central Bank and the Bank of England, hoping that an end of the massive global tightening cycle is in sight, pushing local bonds higher and the currencies lower. Futures markets still favour another 25-basis-point hike from the Fed at its March policy meeting, while implying that might be the end of its current tightening cycle.
17263.0	2023-02-03 00:00:00 UTC	US STOCKS-Futures fall as megacaps slide on downbeat earnings	AAPL	https://www.nasdaq.com/articles/us-stocks-futures-fall-as-megacaps-slide-on-downbeat-earnings	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.24%, S&P 0.70%, Nasdaq 1.41% Feb 3 (Reuters) - U.S. stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the January jobs report for more clues on future rate hikes by the U.S. Federal Reserve. Shares of Wall Street heavyweights Apple AAPL.O, Amazon Inc AMZN.O and Alphabet Inc GOOGL.O declined between 3.5% and 6% in premarket trading. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results. The results looked set to snap the rally in U.S. equities in the previous session after Fed Chair Jerome Powell in his remarks after the Wednesday policy meeting referred repeatedly to the "disinflationary" process being underway. Both the Nasdaq .IXIC and the S&P 500 .SPX posted strong gains on Thursday and touched near five-month highs, while the Dow .DJI slipped, dragged down by declines in some big healthcare stocks. Investors will closely monitor Labor Department's numbers for January nonfarm payrolls, due at 8:30 a.m. ET. The economy is expected to have added 185,000 jobs, fewer than the 223,000 additions in December. The unemployment rate is expected to tick higher to 3.6% in January, from 3.5% in December. The unemployment rate is expected to tick higher to 3.6% in Janaury, from 3.5% in December. U.S. stocks made a strong start in 2023 after a dismal 2022, with battered technology and related stocks leading the rebound on hopes that the Fed will temper its aggressive rate hikes, in turn alleviating some pressure on equity valuations. At 4:40 a.m. ET, Dow e-minis 1YMcv1 were down 81 points, or 0.24%, S&P 500 e-minis EScv1 were down 29.25 points, or 0.7%, and Nasdaq 100 e-minis NQcv1 were down 181.5 points, or 1.41%. (Reporting by Shubham Batra Editing by Vinay Dwivedi) ((Shubham.Batra@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.	Shares of Wall Street heavyweights Apple AAPL.O, Amazon Inc AMZN.O and Alphabet Inc GOOGL.O declined between 3.5% and 6% in premarket trading. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results. The results looked set to snap the rally in U.S. equities in the previous session after Fed Chair Jerome Powell in his remarks after the Wednesday policy meeting referred repeatedly to the "disinflationary" process being underway.	Shares of Wall Street heavyweights Apple AAPL.O, Amazon Inc AMZN.O and Alphabet Inc GOOGL.O declined between 3.5% and 6% in premarket trading. Futures down: Dow 0.24%, S&P 0.70%, Nasdaq 1.41% Feb 3 (Reuters) - U.S. stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the January jobs report for more clues on future rate hikes by the U.S. Federal Reserve. The unemployment rate is expected to tick higher to 3.6% in January, from 3.5% in December.	Shares of Wall Street heavyweights Apple AAPL.O, Amazon Inc AMZN.O and Alphabet Inc GOOGL.O declined between 3.5% and 6% in premarket trading. Futures down: Dow 0.24%, S&P 0.70%, Nasdaq 1.41% Feb 3 (Reuters) - U.S. stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the January jobs report for more clues on future rate hikes by the U.S. Federal Reserve. Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results.	Shares of Wall Street heavyweights Apple AAPL.O, Amazon Inc AMZN.O and Alphabet Inc GOOGL.O declined between 3.5% and 6% in premarket trading. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.24%, S&P 0.70%, Nasdaq 1.41% Feb 3 (Reuters) - U.S. stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the January jobs report for more clues on future rate hikes by the U.S. Federal Reserve.
17264.0	2023-02-03 00:00:00 UTC	This Is Warren Buffett's No. 1 Stock to Buy (and You Won't Find It in Berkshire Hathaway's Portfolio)	AAPL	https://www.nasdaq.com/articles/this-is-warren-buffetts-no.-1-stock-to-buy-and-you-wont-find-it-in-berkshire-hathaways	nan	nan	For nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has put on a clinic and run circles around the benchmark S&P 500. When 2021 came to a close, the aggregate return of Berkshire's Class A shares (BRK.A) since the Oracle of Omaha became CEO in 1965 -- a cool 3,641,613% -- was 120 times greater than the total return, including dividends paid, of the S&P 500 (30,209%) over the same stretch. Buffett's long-term outperformance has earned him quite the following. Both new and tenured investors have ridden his coattails to sizable gains -- and it's all thanks to 13Fs. A 13F is a required quarterly filing by money managers and ultrawealthy individuals with over $100 million in assets under management. It effectively allows investors to see what the smartest minds on Wall Street were buying, selling, and holding in the latest quarter. Since Berkshire Hathaway has $345 billion in invested assets, it most definitely is required to file a 13F no later than 45 days after the end of the previous quarter. Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool. Berkshire Hathaway's 13Fs clue investors into many of Buffett's top buys Investors who've followed Berkshire's 13Fs are well aware that the Oracle of Omaha and his investing lieutenants (Todd Combs and Ted Weschler) have been busy bees during the bear-market decline. For example, Berkshire's 13Fs show a steady build in energy stocks since late 2020. Over the past two years, Chevron (NYSE: CVX) has grown into Berkshire's third-largest holding by market value ($29.5 billion). Meanwhile, Buffett and his team purchased more than 194 million shares of Occidental Petroleum (NYSE: OXY) in 2022 -- a position now worth $12.6 billion. This stake comes atop the $10 billion in Occidental preferred stock Buffett's company has owned since 2019. Warren Buffett's seemingly newfound love for energy stocks suggests that crude oil prices will remain elevated for the foreseeable future. Three years of capital underinvestment due to the COVID-19 pandemic will assuredly constrain supply as demand picks up. Add to this Russia's invasion of Ukraine and the supply question marks this creates for Europe, and a very clear bull case can be made for Chevron's and Occidental's upstream drilling operations. Berkshire Hathaway's 13Fs also show considerable love for tech stock Apple (NASDAQ: AAPL), which is far and away the largest holding in the portfolio. Apple accounts for more than 38% of invested assets because it's viewed as the most valuable brand on the planet, has an exceptionally loyal customer base, and has used its innovative capacity to grow its sales and profits. As a larger percentage of Apple's revenue shifts to subscription services, we should see improved operating margins and less in the way of sales fluctuations during iPhone replacement cycles. Apple is also a capital-return kingpin. It's doling out $14.6 billion in dividend payments annually and has repurchased $554 billion worth of its common stock over the trailing decade. (For what it's worth, Chevron also recently announced plans to buy back up to $75 billion of its common stock.) Buffett and his team have always favored brand-name businesses with sizable capital-return programs. Image source: Getty Images. You won't find Warren Buffett's favorite stock to buy in Berkshire Hathaway's portfolio While Berkshire Hathaway's 13Fs have made clear that the Oracle of Omaha and his investment team favor companies like Apple, Chevron, and Occidental Petroleum, they don't tell the complete story. On a combined basis, Buffett has spent in the neighborhood of $54 billion purchasing shares of Apple and Chevron since the beginning of 2016. But since July 2018, Warren Buffett and executive vice chairman Charlie Munger have OK'd the purchase of $63.1 billion worth of another stock that simply isn't going to be found in Berkshire Hathaway's 13F or in its investment portfolio. You will, however, find evidence of this aggressive buying activity in Berkshire Hathaway's quarterly earnings report. This mystery company that's unquestionably Warren Buffet's No. 1 stock to buy is none other than the Oracle of Omaha's and Munger's own company, Berkshire Hathaway. Go ahead and cue that plot-twist music. Prior to July 17, 2018, Buffett and Munger were only able to repurchase shares of Berkshire Hathaway stock if its share price was no more than 20% above book value. For more than half a decade, the company's stock never fell to this level, which meant no capital could be deployed for buybacks. However, new rules were put into place in July 2018 that gave Berkshire Hathaway's dynamic duo more leeway to act on buybacks. As long as the company has $30 billion in combined cash and U.S. Treasury bonds in its coffers and both Buffett and Munger agree Berkshire Hathaway shares are trading below their intrinsic value, Berkshire Hathaway's Class A and B stock can be bought back without a cap. In a little over four years, $63.1 billion worth of Berkshire Hathaway stock has been repurchased. For businesses that generate steady or growing net income, the biggest advantage of buying back stock is that a reduced outstanding share count has a tendency to lift earnings per share (EPS). Higher EPS can lower a publicly traded company's price-to-earnings ratio and make it more fundamentally attractive to investors. Plowing more than $63 billion into buybacks is also Warren Buffett's not-so-subtle way of telling the investing community that he's confident his company's long-term operating strategy will continue to be successful. This includes acquiring predominantly cyclical businesses, as well as investing in generally profitable, brand-name companies, many of which pay a dividend. With Berkshire Hathaway's investment portfolio well positioned to take advantage of disproportionately long periods of economic expansion, Buffett and his team should continue outperforming the S&P 500. 10 stocks we like better than Berkshire Hathaway 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 Berkshire Hathaway 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 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool 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.	Berkshire Hathaway's 13Fs also show considerable love for tech stock Apple (NASDAQ: AAPL), which is far and away the largest holding in the portfolio. Add to this Russia's invasion of Ukraine and the supply question marks this creates for Europe, and a very clear bull case can be made for Chevron's and Occidental's upstream drilling operations. Apple accounts for more than 38% of invested assets because it's viewed as the most valuable brand on the planet, has an exceptionally loyal customer base, and has used its innovative capacity to grow its sales and profits.	Berkshire Hathaway's 13Fs also show considerable love for tech stock Apple (NASDAQ: AAPL), which is far and away the largest holding in the portfolio. For nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has put on a clinic and run circles around the benchmark S&P 500. You won't find Warren Buffett's favorite stock to buy in Berkshire Hathaway's portfolio While Berkshire Hathaway's 13Fs have made clear that the Oracle of Omaha and his investment team favor companies like Apple, Chevron, and Occidental Petroleum, they don't tell the complete story.	Berkshire Hathaway's 13Fs also show considerable love for tech stock Apple (NASDAQ: AAPL), which is far and away the largest holding in the portfolio. You won't find Warren Buffett's favorite stock to buy in Berkshire Hathaway's portfolio While Berkshire Hathaway's 13Fs have made clear that the Oracle of Omaha and his investment team favor companies like Apple, Chevron, and Occidental Petroleum, they don't tell the complete story. As long as the company has $30 billion in combined cash and U.S. Treasury bonds in its coffers and both Buffett and Munger agree Berkshire Hathaway shares are trading below their intrinsic value, Berkshire Hathaway's Class A and B stock can be bought back without a cap.	Berkshire Hathaway's 13Fs also show considerable love for tech stock Apple (NASDAQ: AAPL), which is far and away the largest holding in the portfolio. Berkshire Hathaway CEO Warren Buffett. Meanwhile, Buffett and his team purchased more than 194 million shares of Occidental Petroleum (NYSE: OXY) in 2022 -- a position now worth $12.6 billion.
17265.0	2023-02-03 00:00:00 UTC	Here's What Key Metrics Tell Us About Apple (AAPL) Q1 Earnings	AAPL	https://www.nasdaq.com/articles/heres-what-key-metrics-tell-us-about-apple-aapl-q1-earnings	nan	nan	For the quarter ended December 2022, Apple (AAPL) reported revenue of $117.15 billion, down 5.5% over the same period last year. EPS came in at $1.88, compared to $2.10 in the year-ago quarter. The reported revenue represents a surprise of -3.34% over the Zacks Consensus Estimate of $121.21 billion. With the consensus EPS estimate being $1.93, the EPS surprise was -2.59%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Products: $96.39 billion versus the seven-analyst average estimate of $101.86 billion. The reported number represents a year-over-year change of -7.7%. Net sales- Services: $20.77 billion compared to the $20.55 billion average estimate based on seven analysts. Revenue- Mac: $7.74 billion versus $9.71 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -28.7% change. Revenue- iPhone: $65.78 billion versus $68.52 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change. Revenue-Wearables, Home and Accessories: $13.48 billion versus $15.42 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change. Revenue- iPad: $9.40 billion versus the six-analyst average estimate of $7.67 billion. The reported number represents a year-over-year change of +29.6%. Gross margin - Services: $14.71 billion versus $14.63 billion estimated by five analysts on average. Gross margin - Products: $35.62 billion versus the five-analyst average estimate of $37.63 billion. View all Key Company Metrics for Apple here>>> Shares of Apple have returned +15.1% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For the quarter ended December 2022, Apple (AAPL) reported revenue of $117.15 billion, down 5.5% over the same period last year. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.	For the quarter ended December 2022, Apple (AAPL) reported revenue of $117.15 billion, down 5.5% over the same period last year. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.	For the quarter ended December 2022, Apple (AAPL) reported revenue of $117.15 billion, down 5.5% over the same period last year. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Products: $96.39 billion versus the seven-analyst average estimate of $101.86 billion.	For the quarter ended December 2022, Apple (AAPL) reported revenue of $117.15 billion, down 5.5% over the same period last year. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. The reported revenue represents a surprise of -3.34% over the Zacks Consensus Estimate of $121.21 billion.
17266.0	2023-02-02 00:00:00 UTC	Apple (AAPL) Misses Q1 Earnings and Revenue Estimates	AAPL	https://www.nasdaq.com/articles/apple-aapl-misses-q1-earnings-and-revenue-estimates	nan	nan	Apple (AAPL) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $2.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.59%. A quarter ago, it was expected that this maker of iPhones, iPads and other products would post earnings of $1.26 per share when it actually produced earnings of $1.29, delivering a surprise of 2.38%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Apple, which belongs to the Zacks Computer - Mini computers industry, posted revenues of $117.15 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 3.34%. This compares to year-ago revenues of $123.95 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Apple shares have added about 11.9% since the beginning of the year versus the S&P 500's gain of 7.3%. What's Next for Apple? While Apple has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Apple: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.50 on $98 billion in revenues for the coming quarter and $6.15 on $402.73 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Mini computers is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, HP (HPQ), is yet to report results for the quarter ended January 2023. This personal computer and printer maker is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -32.7%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. HP's revenues are expected to be $14.15 billion, down 16.9% from the year-ago quarter. 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 HP Inc. (HPQ) : 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.	Apple (AAPL) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.93 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.	Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple (AAPL) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.93 per share. Apple, which belongs to the Zacks Computer - Mini computers industry, posted revenues of $117.15 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 3.34%.	Apple (AAPL) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.93 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Apple, which belongs to the Zacks Computer - Mini computers industry, posted revenues of $117.15 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 3.34%.	Apple (AAPL) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.93 per share. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has topped consensus revenue estimates three times over the last four quarters.
17267.0	2023-02-02 00:00:00 UTC	Apple Inc. Q1 Profit Drops, misses estimates	AAPL	https://www.nasdaq.com/articles/apple-inc.-q1-profit-drops-misses-estimates	nan	nan	(RTTNews) - Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed the Street estimates. The company's earnings totaled $30.00 billion, or $1.88 per share. This compares with $34.63 billion, or $2.10 per share, in last year's first quarter. Analysts on average had expected the company to earn $1.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter fell 5.5% to $117.15 billion from $123.95 billion last year. Apple Inc. earnings at a glance (GAAP) : -Earnings (Q1): $30.00 Bln. vs. $34.63 Bln. last year. -EPS (Q1): $1.88 vs. $2.10 last year. -Analyst Estimates: $1.94 -Revenue (Q1): $117.15 Bln vs. $123.95 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(RTTNews) - Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed the Street estimates. Analysts on average had expected the company to earn $1.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.	(RTTNews) - Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed the Street estimates. The company's earnings totaled $30.00 billion, or $1.88 per share. The company's revenue for the quarter fell 5.5% to $117.15 billion from $123.95 billion last year.	(RTTNews) - Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed the Street estimates. The company's revenue for the quarter fell 5.5% to $117.15 billion from $123.95 billion last year. -Analyst Estimates: $1.94 -Revenue (Q1): $117.15 Bln vs. $123.95 Bln last year.	(RTTNews) - Apple Inc. (AAPL) released earnings for first quarter that decreased from the same period last year and missed the Street estimates. The company's earnings totaled $30.00 billion, or $1.88 per share. This compares with $34.63 billion, or $2.10 per share, in last year's first quarter.
17268.0	2023-02-02 00:00:00 UTC	After-Hours Earnings Report for February 2, 2023 : AAPL, AMZN, GOOG, GOOGL, QCOM, SBUX, GILD, F, MCHP, CTSH, DB, TEAM	AAPL	https://www.nasdaq.com/articles/after-hours-earnings-report-for-february-2-2023-%3A-aapl-amzn-goog-googl-qcom-sbux-gild-f	nan	nan	The following companies are expected to report earnings after hours on 02/02/2023. Visit our Earnings Calendar for a full list of expected earnings releases. Apple Inc. (AAPL)is reporting for the quarter ending December 31, 2022. The computer company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.93. This value represents a 8.10% decrease compared to the same quarter last year. In the past year AAPL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.38%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAPL is 23.65 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry. Amazon.com, Inc. (AMZN)is reporting for the quarter ending December 31, 2022. The internet company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.15. This value represents a 89.21% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AMZN is 156.94 vs. an industry ratio of 47.50, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOG)is reporting for the quarter ending December 31, 2022. The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.14. This value represents a 25.49% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GOOG is 21.81 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOGL)is reporting for the quarter ending December 31, 2022. The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.14. This value represents a 25.49% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GOOGL is 21.60 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry. QUALCOMM Incorporated (QCOM)is reporting for the quarter ending December 31, 2022. The wireless equipment company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.02. This value represents a 31.76% decrease compared to the same quarter last year. In the past year QCOM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for QCOM is 15.86 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry. Starbucks Corporation (SBUX)is reporting for the quarter ending December 31, 2022. The restaurant company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.77. This value represents a 6.94% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SBUX is 32.07 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. Gilead Sciences, Inc. (GILD)is reporting for the quarter ending December 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.50. This value represents a 117.39% increase compared to the same quarter last year. GILD missed the consensus earnings per share in the 4th calendar quarter of 2021 by -54.9%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GILD is 11.86 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry. Ford Motor Company (F)is reporting for the quarter ending December 31, 2022. The auto (domestic) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.60. This value represents a 130.77% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for F is 7.00 vs. an industry ratio of 6.70, implying that they will have a higher earnings growth than their competitors in the same industry. Microchip Technology Incorporated (MCHP)is reporting for the quarter ending December 31, 2022. The semiconductor company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.48. This value represents a 33.33% increase compared to the same quarter last year. In the past year MCHP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.46%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MCHP is 14.34 vs. an industry ratio of 32.50. Cognizant Technology Solutions Corporation (CTSH)is reporting for the quarter ending December 31, 2022. The business software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.01. This value represents a 8.18% decrease compared to the same quarter last year. In the past year CTSH has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CTSH is 15.61 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry. Deutsche Bank AG (DB)is reporting for the quarter ending December 31, 2022. The bank (foreign) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.23. This value represents a 42.50% decrease compared to the same quarter last year. DB missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -28.57%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DB is 7.29 vs. an industry ratio of 9.00. Atlassian Corporation (TEAM)is reporting for the quarter ending December 31, 2022. The internet software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.26. This value represents a 8.33% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TEAM is -179.27 vs. an industry ratio of -42.80. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.14. Apple Inc. (AAPL)is reporting for the quarter ending December 31, 2022. In the past year AAPL has beat the expectations every quarter.	Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAPL is 23.65 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry. Apple Inc. (AAPL)is reporting for the quarter ending December 31, 2022. In the past year AAPL has beat the expectations every quarter.	Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAPL is 23.65 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry. Apple Inc. (AAPL)is reporting for the quarter ending December 31, 2022. In the past year AAPL has beat the expectations every quarter.	In the past year AAPL has beat the expectations every quarter. Apple Inc. (AAPL)is reporting for the quarter ending December 31, 2022. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAPL is 23.65 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry.
17269.0	2023-02-02 00:00:00 UTC	Billionaire Cohen builds stake in Nordstrom, urges board shakeup	AAPL	https://www.nasdaq.com/articles/billionaire-cohen-builds-stake-in-nordstrom-urges-board-shakeup-0	nan	nan	By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. He appears to be taking aim at Mark Tritton, who chairs the compensation committee and has served as a director since 2020. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Bed Bath & Beyond is preparing to file for bankruptcy, Reuters reported this week. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday. Nordstrom shares have dropped roughly 55% over the past five years, and ratings agency Fitch again downgraded the company last month, saying that its "operating trajectory has been weaker than most retailers." "While Cohen hasn't sought any discussions with us in several years, we are open to hearing his views, as we do with all Nordstrom shareholders," a company representative said. The Wall Street Journal first reported Cohen's stake in Nordstrom. Cohen is now one of the company's top five non-insider shareholders alongside investment firms BlackRock and Fidelity, the people familiar with his stake said. Tritton was ousted as Bed Bath & Beyond's CEO as part of a management shakeup in June just a few months after Cohen had taken a stake in the home goods retailer and criticized it for an "overly ambitious" strategy, for overpaying executives and failing to reverse market share losses. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said. Cohen would like to reach a deal with the company without resorting to a proxy fight, the people said. The window to publicly nominate directors at Nordstrom closes on Feb. 17, according to proxy materials. Canada-born Cohen, 37, has a net worth estimated at $2.5 billion. He made a splash in the investing world two years ago when he joined the board of GameStop, igniting a frenzy in the stock price that turned the video retailer into a "meme stock" backed by retail investors. Nordstrom was founded by the Nordstrom family, and insiders still own roughly 30% of the stock with brothers Erik and Peter serving as chief executive officer and president, respectively. They also have board seats. Cohen has met with family members in Seattle, where the company is headquartered, and has expressed admiration for the company's customer service, the people said. (Reporting by Svea Herbst-Bayliss and Lavanya Ahire; Editing by Leslie Adler) ((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters Messaging: svea.herbst.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.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Nordstrom shares have dropped roughly 55% over the past five years, and ratings agency Fitch again downgraded the company last month, saying that its "operating trajectory has been weaker than most retailers."	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. The Wall Street Journal first reported Cohen's stake in Nordstrom.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday.
17270.0	2023-02-02 00:00:00 UTC	Did Jerome Powell Give the Greenlight to Stock Investors?	AAPL	https://www.nasdaq.com/articles/did-jerome-powell-give-the-greenlight-to-stock-investors	nan	nan	Federal Reserve chair Jerome Powell addressed the world economy on Wednesday and announced that he and his committee decided to raise the federal funds rate 0.25% to 4.5-4.75%. This was as expected, but the most important bits came during the press conference. Depending on whether you are a bull or bear you may be interpreting what Jerome Powell said in different ways. The bulls are feeling reassured. Powell acknowledged that “the disinflation process has started,” and how incredibly relieving it is to see that process begin. The bears, however, were focused on his saying that it would be “very premature to declare victory,” over inflation. And that some sectors of the service economy have yet to see any disinflation at all. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst. As unlikely as it seemed, it appears Jerome Powell and the Fed have pulled off the goldilocks ‘Soft Landing,’ where they have lowered inflation in such a way that the economy didn’t need to slow significantly, and employment remained robust. One of the most important indicators for the Fed is the ECI (Employment Cost Index), which measures wages. One of the biggest risks for inflation is a wage-price spiral, but the ECI is showing consistent decreases. Looking back at other bear markets we see that earnings always bottom out after the market, because markets are forward-looking. Furthermore, financial conditions have loosened quite significantly already. According to the Financial Conditions Index, economic policy is as loose as it has been in other recent expansionary periods. Image Source: Goldman Sachs Bear Case While Jerome Powell has been successful in initiating disinflation, there is no guarantee it will continue to improve. Worse yet, because expectations have become so hopeful about disinflation, even a small miss to the upside on inflation can really shake the markets. What if inflation is stickier than expected? Earnings seem to be coming in around expectations, but that is because analyst expectations were extremely low. What if there is a secondary push lower in the economy just as everyone is getting bullish again? Furthermore, with the now easing conditions of financial markets, and such robust employment, how do we know this won’t reignite inflation? Statistics Favor the Long-Term These issues are never black and white, and the case can easily be made for bears or bulls. Something the data tells us conclusively is that over the long term, stocks are an extremely good investment. Whether you buy in a bull market or a bear market, the real edge is focusing on owning quality businesses, with improving earnings over the long run. Stocks to Watch Some of the best stocks in the world have been completely battered by the rising rates environment. But that dynamic is slowly switching over. And this may be a great opportunity for investors to start buying stocks still in correction territory. With the Fed easing off the breaks, it’s possible stocks will see a continued rally. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon AMZN, Apple AAPL, and Alphabet GOOGL are hard to ignore at this point. They are extremely dominant, and innovative businesses that have been beaten down significantly. Image Source: Zacks Investment Research Additionally, Meta Platforms META announced Q4 earnings Wednesday after the close, and investors were very happy with the numbers. Meta is already up 25% on Thursday in response to the earnings call. Meta saw a 4% increase in Daily Active Users, a 23% boost in ad impressions, and a -22% decrease in the cost of advertisements. Meta beat revenue estimates and announced a $40 billion stock buyback program. The stock is up over 100% off its November 2022 lows. 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 Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Although they will be reporting earnings on Thursday, February 2 after the close, Amazon AMZN, Apple AAPL, and Alphabet GOOGL are hard to ignore at this point. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. As unlikely as it seemed, it appears Jerome Powell and the Fed have pulled off the goldilocks ‘Soft Landing,’ where they have lowered inflation in such a way that the economy didn’t need to slow significantly, and employment remained robust.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon AMZN, Apple AAPL, and Alphabet GOOGL are hard to ignore at this point. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon AMZN, Apple AAPL, and Alphabet GOOGL are hard to ignore at this point. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst.	Although they will be reporting earnings on Thursday, February 2 after the close, Amazon AMZN, Apple AAPL, and Alphabet GOOGL are hard to ignore at this point. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Depending on whether you are a bull or bear you may be interpreting what Jerome Powell said in different ways.
17271.0	2023-02-02 00:00:00 UTC	GLOBAL MARKETS-Asian stocks pull back, dollar regains footing ahead of U.S. payrolls data	AAPL	https://www.nasdaq.com/articles/global-markets-asian-stocks-pull-back-dollar-regains-footing-ahead-of-u.s.-payrolls-data	nan	nan	By Stella Qiu SYDNEY, Feb 3 (Reuters) - Asian shares turned lower and the dollar regained some of its footing on Friday, as disappointing earnings from U.S. tech giants undermined sentiment ahead of a key U.S. non-farm payrolls report. Overnight, markets sensed the end of the massive global tightening cycle, after policymakers in Britain and Europe signalled their intention to pause, sending local bonds rallying and currencies lower. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.5% on Friday, dragged down by a 0.9% slump in Chinese bluechips .CSI300 and a 1.2% tumble in Hong Kong's Hang Seng index .HSI. Japan's Nikkei .N225 outperformed, rising 0.6%. Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment. S&P 500 futures ESc1 slid 0.5% and Nasdaq futures NQc1 fell 1.4% on Friday, . Tech shares took a beating in Thursday's after-hours trading, with shares of Apple, Amazon and Google parent Alphabet all tumbling. That took the shine off a strong regular trading session on Thursday, when the S&P .SPX climbed 1.5% and the Nasdaq .IXIC surged 3.3%. The uptick built on strong gains from the previous day after the Federal Reserve Chair Jerome Powell said disinflationary pressures are underway in the economy, raising hopes of an imminent pause to its monetary tightening streak. Apple projected another revenue decline in the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed expectations in its fourth-quarter profit and revenue. Investors are also watching the fallout from this week's plunge in shares of India's Adani group, after market losses amounted to more than $100 billion in the wake of a U.S. short-seller's report. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path. Markets reacted by pushing European yields sharply lower, with the ten-year German bunds DE10YT=RR falling 22.6 basis points to 2.065%, the biggest drop since 2011, and Italian bonds IT10YT=RRtumbling 40 bps to 3.887%, the most since 2020, on hopes that the tightening from ECB will end soon. "The wash-up is that the BoE meeting was dovish, and the ECB is now firmly open-minded and data-dependent, and the Fed chose not to fight the market and the market feels validated by that," said Chris Weston, head of research at Pepperstone. Alan Ruskin, macro strategist at Deutsche Bank, said given the current market price action ahead of the U.S. payrolls data, a softer report would be regarded as endorsing all the favourite trades of the year. "Not least it would provide the most important evidence to date to suggest that the market's rates pricing is more appropriate than the Fed’s own more hawkish signalling," said Ruskin. Analysts expect 185,000 jobs were added last month, the lowest since January 2021, unemployment edged up to 3.6%, and hourly wage inflation to stay flat at 0.3% on a monthly basis, suggesting the strong labour market might have started to ease up. Futures markets still favour another 25-basis-point hike from the Fed at its March policy meeting, while implying that might be the end of its current tightening cycle. They have also priced in one rate cut by the end of this year. FEDWATCH Gold was slightly higher. Spot gold XAU= was traded at $1916.1 per ounce. GOL/ Asia stock marketshttps://tmsnrt.rs/2zpUAr4 Asia-Pacific valuationshttps://tmsnrt.rs/2Dr2BQA (Editing by Shri Navaratnam) ((yifan.qiu@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.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment. By Stella Qiu SYDNEY, Feb 3 (Reuters) - Asian shares turned lower and the dollar regained some of its footing on Friday, as disappointing earnings from U.S. tech giants undermined sentiment ahead of a key U.S. non-farm payrolls report. The uptick built on strong gains from the previous day after the Federal Reserve Chair Jerome Powell said disinflationary pressures are underway in the economy, raising hopes of an imminent pause to its monetary tightening streak.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment. Tech shares took a beating in Thursday's after-hours trading, with shares of Apple, Amazon and Google parent Alphabet all tumbling. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment. Tech shares took a beating in Thursday's after-hours trading, with shares of Apple, Amazon and Google parent Alphabet all tumbling. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path.	Disappointment over earnings results from Google GOOGL.O, Apple AAPL.O and Amazon AMZN.O tempered sentiment. Tech shares took a beating in Thursday's after-hours trading, with shares of Apple, Amazon and Google parent Alphabet all tumbling. On Thursday, the European Central bank (ECB) and Bank of England (BoE) hiked rates by 50 basis points each, with the BoE saying the tide was turning against inflation and the ECB indicating at least one more hike was on the horizon before re-evaluating its rate hike path.
17272.0	2023-02-02 00:00:00 UTC	Apple (AAPL) Q1 2023 Earnings Call Transcript	AAPL	https://www.nasdaq.com/articles/apple-aapl-q1-2023-earnings-call-transcript	nan	nan	Image source: The Motley Fool. Apple (NASDAQ: AAPL) Q1 2023 Earnings Call Feb 02, 2023, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to the Apple Q1 fiscal year 2023earnings conference call Today's call is being recorded. And now at this time, for opening remarks and introductions, I would like to turn the call over to Tejas Gala, director of investor relations and corporate finance. Please go ahead. Tejas Gala -- Director, Investor Relations and Corporate Finance Thank you. Speaking first today is Apple's CEO, Tim Cook; and he'll be followed by CFO, Luca Maestri. After that, we'll open the call to questions from analysts. Before turning the call over to Tim, I would like to remind everyone that the December quarter spanned 14 weeks, while the March quarter, as usual, has 13 weeks. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of COVID-19 on the company's business and results of operations. These statements involve risks and uncertainties and that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. 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 I'd now like to turn the call over to Tim for introductory remarks. Tim Cook -- Chief Executive Officer Thank you, Tejas. Good afternoon, everyone, and thanks for joining us. Today, we're reporting revenue of $117.2 billion for the December quarter. We set all-time revenue records in a number of markets, including Canada, Indonesia, Mexico, Spain, Turkey, and Vietnam, along with quarterly records in Brazil and India. As a result of a challenging environment, our revenue was down 5% year over year. But I'm proud of the way we have navigated circumstances, seen and unforeseen, over the past several years, and I remain incredibly confident in our team and our mission and in the work we do every day. Let me discuss the three factors that impacted our revenue performance during the quarter. The first was foreign exchange headwinds, which had a nearly 800 basis point impact. On a constant currency basis, we grew year over year and would have grown in the vast majority of the markets we track. The second factor, which we described in a November 6th update with COVID-19-related challenges, which significantly impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max and lasted through most of December. Because of these constraints, we had significantly less iPhone 14 Pro and iPhone 14 Pro Max supply than we planned, causing ship times to extend far beyond what we had anticipated. As we always have, every step of the way throughout the pandemic, we continue to prioritize people and worked with our suppliers to ensure the health and safety of every worker. Production is now back where we want it to be. The third factor was a challenging macroeconomic environment as the world continues to face unprecedented circumstances from inflation, to war in Eastern Europe, to the enduring impacts of the pandemic. And we know that Apple is not immune to it. But whatever conditions we face, our approach is always the same. We are thoughtful and deliberate. We manage for the long term. We adapt quickly to circumstances outside our control while delivering with excellence in the things we can. We invest in innovation, in people, and in the positive difference we can make in the world. And we do it all to provide our customers with technology that will enrich their lives and help unlock their full creative potential. It's a wonderful thing to be a part of, and it's so rewarding for all of us at Apple when we hear how much our customers are loving what we create. Let me talk now about what we saw across our product categories. Starting with iPhone. Revenue came in at $65.8 billion for the quarter, down 8% year over year. However, on a constant currency basis, iPhone revenue was roughly flat. Our customers continue to rave about the astounding camera capabilities and unprecedented battery life and the groundbreaking suite of health and safety features. The iPhone 14 lineup pushes the limits of what users can do with a smartphone. During the quarter, Mac revenue came in at $7.7 billion, which was in line with what we had expected. We had a difficult compare because this time last year, we had the extremely successful launch of the redesigned M1 MacBook Pros. We also faced a challenging macroeconomic environment and foreign exchange headwinds. We remain confident in and focused on the long-term opportunity for Mac. Just last month, we introduced new MacBook Pro models powered by our latest developments in Apple silicon, M2 Pro, and M2 Max. These chips enable unprecedented performance and do so with less energy, which is not only good for the environment but gives the newest MacBook Pro the longest battery life ever in a Mac. We also introduced the M2-powered Mac mini, which will supercharge productivity for users of all kinds and leave them stunned by just how powerful a Mac mini can be. During the quarter, iPad revenue grew 30% to a total of $9.4 billion. The very strong growth was due in part to a favorable compare to the December quarter a year ago when we experienced significant supply constraints. Customers continue to praise our new lineup for its versatility, whether it's the new iPad Pro now powered by the M2 or the newly designed iPad 10th Generation with its stunning liquid retina display and beautiful colors. Revenue for Wearables, Home and Accessories was $13.5 billion, which was down 8% year over year driven by foreign exchange headwinds and a challenging macroeconomic environment. We remain excited about the long-term opportunity in the category. As an example, a few weeks ago, we announced the next-generation HomePod, which is an indispensable addition to the smart home. This powerful smart speaker relies on advanced computational audio to produce an incredible listening experience. We're also helping users make their homes safer with sound recognition. This feature arriving later this spring allows HomePod to send a notification directly to a user's iPhone if a smoke or carbon monoxide alarm sound is identified. We continue to hear wide praise for Apple Watch Series 8 and Apple Watch Ultra, which has set a new standard for what's possible with the wearable. From a whole host of health and safety features to incredible new capabilities for extreme athletes, there is something for everyone in these amazing products. Customers are excited about some phenomenal new features we've made available across many of our products as well. One of the highlights is emergency SOS via satellite, which launched for iPhone 14 customers in the U.S. and Canada in November and for customers in France, Germany, Ireland, and the U.K. in December. This is a feature we hope our users will never need, but it is incredibly heartening to get emails from people describing the life-saving impact our new safety features have had on them. We're always looking for new ways to empower people to create and collaborate. In December, we released Freeform, a brand-new app that lets users take their ideas wherever they want, anywhere they are, all while collaborating in real time. Freeform has already received praise from reviewers for its flexibility and simplicity as it works seamlessly across iPhone, iPad, and Mac. Today, we are very excited to announce that we've achieved a truly incredible milestone. Thanks to our deep commitment to innovation, incredible customer loyalty and satisfaction, and a large number of switchers, we now have more than 2 billion active devices as part of our growing installed base, double what it was just seven years ago. This is an incredible testament to our products and services and the strength of our ecosystem. We set an all-time revenue record of $20.8 billion in services, which was better than what we had expected. We achieved double-digit revenue growth from App Store subscriptions and set all-time revenue records across a number of categories, including cloud and payment services. All told, Apple now has more than 935 million paid subscriptions. Apple has also just begun a historic 10-year partnership with Major League Soccer. Just yesterday, we launched MLS Season Pass, which will give fans in more than 100 countries access to every live MLS regular season game as well as the playoffs and MLS Cup, all with no blackouts. And while we're providing more content to sports fans than ever before, Apple TV+ continues to showcase powerful characters and moving storytelling. We were thrilled to celebrate the holidays alongside our Apple TV+ subscribers with the hit movie Spirited. And we're delighted to see how much people are enjoying new and returning series like Shrinking, Slow Horses, and Truth Be Told. And we have some great upcoming movies in Sharper and Tetris, along with Emmy Award winner, Ted Lasso, returning this spring. During the quarter, we made some great updates to Fitness+ as well, expanding our catalog of more than 3,500 workouts and meditations to include a new kickboxing category and a new sleep theme for meditations. Our latest artist spotlight series features the music of the incomparable Beyonce, and we're excited to take a stroll with guests appearing on our fifth season of Time to Walk. And we continue to build on our decades-long commitment to helping small businesses thrive when we announced Apple Business Connect. This new tool gives business owners even more control over how billions of people see and engage with their products and services every day. Businesses of all sizes can now customize key information for users across Apple Maps, Messages, Wallet, Siri, and other apps. Meanwhile, in retail, we celebrated 25 years of the Apple online store and also opened Apple Pacific Centre in Vancouver and Apple American Dream in New Jersey. And I'm grateful to all the teams who helped our customers throughout the busy holiday season. At Apple, we spend a lot of time focused on creating an unparalleled experience for our customers and every product and service that we offer. We're also just as dedicated to leading with our values in everything we do. As part of that work, we strengthened our deep commitment to privacy and security, giving users 3 new tools to protect their most sensitive data: iMessage contact key verification, security keys for Apple ID, and advanced data protection for iCloud. At Apple, we feel a deep sense of responsibility to lead the world better than we found it. We're also a year closer to 2030, and we were ever focused on the environmental commitments we set out for the end of the decade. As an example, the latest Mac mini and MacBook Pro models all use 100% recycled aluminum in the enclosure and recycled rare earth elements in all magnets. And in a first for HomePod, we're using 100% recycled gold in the plating of multiple printed circuit boards. In honor of Black History Month, we released the Black Unity collection, including the Special Edition Apple Watch Black Unity Sport Loop, a new matching watch face, and iPhone wallpaper. Through our racial, equity, and justice initiative, we're expanding our support of 5 organizations focused on lifting up communities of color through technology. And we are committed as ever to building on our progress around inclusion and diversity. During the quarter, we also announced that since the inception of our Giving program 11 years ago, we've donated more than $880 million to humanitarian efforts, disaster relief, childhood education, and more. And over the last 16 years through our partnership with RED, Apple supported grants have helped more than 11 million people get the care and support services they need. As we look ahead in 2023, we are excited about the year to come. At Apple, we are always looking forward, always focused on the next challenge, always determined to do great things with unmatched creativity and unrivaled innovation. And that makes me more confident about the future of Apple than I have ever been. With that, I'll turn it over to Luca. Luca Maestri -- Chief Financial Officer Thank you, Tim, and good afternoon, everyone. As Tim mentioned, revenue for the December quarter was $117.2 billion, down 5% from last year. A number of factors had a significant impact on our results. First, we faced a very difficult foreign exchange environment, which affected our performance by nearly 800 basis points. In other words, we grew revenue on a constant currency basis. And in fact, we did so in the vast majority of markets. Second, the macroeconomic environment this past quarter markedly more challenging than 12 months ago. Third, we experienced significant supply shortages for iPhone 14 Pro and iPhone 14 Pro Max in November and through December. On the other hand, we had the positive impact of the 14th week in the quarter that Tejas just mentioned at the beginning of the call. Products revenue was $96.4 billion, down 8% from last year due to the factors I just called out. At the same time, however, our installed base of active devices grew double digits and achieved all-time records in each geographic segment and in each major product category. We're proud to now have over 2 billion active devices in our installed base. This continued growth in the installed base is due to extremely strong levels of customer satisfaction and loyalty and a high number of customers who are new to our products. The installed base growth also helped our services set an all-time revenue record of $20.8 billion, up 6% a year ago. We achieved this new milestone despite more than 700 basis points of negative impact from foreign exchange. We reached all-time services revenue records in the Americas, Europe, and rest of Asia Pacific and a December quarter record in Greater China. We also set records in many services categories, including all-time revenue records for cloud services, payment services and music and December quarter records for the App Store and AppleCare. Company gross margin was 43%, up 70 basis points from last quarter due to leverage and favorable mix, partially offset by foreign exchange. Products gross margin was 37%, up 240 basis points sequentially. And services gross margin was 70.8%, up 30 basis points sequentially, both due to the same factors that impacted total company gross margin. Operating expenses of $14.3 billion were significantly below the guidance range we provided at the beginning of the quarter and grew at a slower pace than in the past as we took actions to respond to the current macro environment. Net income was $30 billion. Diluted earnings per share were $1.88, and we generated very strong operating cash flow of $34 billion. Let me now get into more detail for each of our revenue categories. iPhone revenue was $65.8 billion despite significant foreign exchange headwinds, supply constraints on iPhone 4 Pro and iPhone 14 Pro Max, and a challenging macroeconomic environment. In spite of these circumstances, we set all-time iPhone revenue records in Canada, Italy, and Spain, and saw strong growth in several emerging markets, including all-time iPhone revenue records for India and Vietnam. Importantly, this installed base of active iPhones continues to grow nicely and is at an all-time high across all geographic segments. In emerging markets, in particular, the installed base grew double digits. And we had record levels of switchers in India and in Mexico. Our customers continue to love their experience with our products, with the latest survey of U.S. consumers from 451 Research indicating customer satisfaction of 98% for the iPhone 14 family. Mac revenue was $7.7 billion, down 29% year over year and in line with our expectations. There were three key drivers for our Mac results. First, we had a challenging compare against last year's launch of the completely reimagined MacBook Pros, our first notebooks with M1 Pro and M1 Max. Second, we believe that the macro environment impacted our Mac performance. And third, we faced significant foreign exchange headwinds. At the same time, however, the installed base of active Macs reached an all-time high across all geographic segments, and we continue to see very strong upgraded activity to Apple silicon. Customer satisfaction with Mac remains very strong at 96% based on the latest survey of U.S. consumers from 451 Research. iPad revenue was $9.4 billion, up 30% year over year despite significant FX headwinds. This performance was driven by two key items. First, during the December quarter a year ago, we experienced significant supply constraints, while this year, we had enough supply to meet demand. Second, we launched our new iPad and the iPad Pro powered by the M2 chip during the quarter. The iPad installed base reached a new all-time high, thanks to incredible customer loyalty and a high number of new customers. In fact, over half of the customers who purchased iPads during the quarter were new to the product. Wearables, Home and Accessories revenue was $13.5 billion, down 8% year over year. The year-over-year decline was driven by significant FX headwinds and a challenging macroeconomic environment. However, our installed base of devices in the category set a new all-time record, thanks to the largest number of customers new to a smartwatch that we ever had in a given quarter. In fact, nearly two-thirds of customers purchasing an Apple Watch during the quarter were new to the product. Moving to services. We generated $20.8 billion in revenue, a new all-time record in total, and for many services offerings in spite of a difficult foreign exchange environment, and macroeconomic headwinds impacting certain categories such as digital advertising and mobile gaming. In constant currency, we grew services revenue double digits on top of growing 24% during the December quarter a year ago. We remain focused on the large long-term opportunity in this category, and we continue to observe several trends that reflect the strength of our ecosystem. For example, we saw increased customer engagement with our services during the quarter. Both our transacting accounts and paid accounts grew double digits year over year, each setting a new all-time record. Paid subscriptions also continued to grow nicely. We now have more than 935 million paid subscriptions across the services on our platform, up more than 150 million during the last 12 months alone and nearly four times what we had just five years ago. And we continue to increase the reach and improve the quality of our offerings. For instance, Apple Pay is now available to millions of merchants in nearly 70 countries and regions. And we saw a record-breaking number of purchases made using Apple Pay globally during the holiday shopping season. Finally, our installed base of over 2 billion active devices represents a great foundation for future expansion of our ecosystem, and it continues to grow even during difficult macroeconomic conditions, which speaks to the exceptionally high levels of customer loyalty and satisfaction and our ability to attract new customers to our platform. The growth is coming from every major product category and geographic segment, with strong double-digit increases in emerging markets such as Brazil, Mexico, India, Indonesia, Thailand, and Vietnam. Turning to the enterprise market. we are seeing continued adoption of our services for business like Apple Business Essentials, AppleCare, Tap to Pay, and Apple Financial Services. For example, Mars Incorporated has expanded its use of AppleCare for Enterprise to provide timely device support and assurance for iPads deployed across their manufacturing sites. Meanwhile, HCA Healthcare has leveraged Apple Financial Services to manage the annual refresh of its entire fleet of iPhones. This not only ensures that their staff stay current on the latest Apple technology, but also provides them with significant annual savings in the process. Let me now turn to our capital return program and our cash position. We returned over $25 billion to shareholders during the December quarter as our business continues to generate very strong cash flow. This included $3.8 billion in dividends and equivalents and $19 billion through open market repurchases of 133 million Apple shares. We ended the quarter with $165 billion in cash and marketable securities. We repaid $1.4 billion in maturing debt and decreased commercial paper by $8.2 billion, leaving us with total debt of $111 billion. As a result, net cash was $54 billion at the end of the quarter, and we maintain our goal of becoming net cash-neutral over time. As we move into the March quarter, I'd like to review our outlook, which includes the types of forward-looking information that Tejas referred to at the beginning of the call. Given the continued uncertainty around the world in the near term, we are not providing revenue guidance, but we are sharing some directional insights based on the assumption that the macroeconomic outlook and COVID-related impacts to our business do not worsen from what we are projecting today for the current quarter. In total, we expect our March quarter year-over-year revenue performance to be similar to the December quarter. This represents an acceleration in our underlying year-over-year business performance as the December quarter benefited from an extra week. Foreign exchange will continue to be a headwind, and we expect a negative year-over-year impact of five percentage points. For services, we expect revenue to grow year over year while continuing to face macroeconomic headwinds in areas such as digital advertising and mobile gaming. For iPhone, we expect our March quarter year-over-year revenue performance to accelerate relative to the December quarter year-over-year revenue performance. For Mac and iPad, we expect revenue for both product categories to decline double digits year over year because of challenging compares and macroeconomic headwinds. We expect gross margin to be between 43.5% and 44.5%. We expect opex to be between $13.7 billion and $13.9 billion. We expect OI&E to be around negative $100 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 16%. Finally, today, our board of directors has declared a cash dividend of $0.23 per share of common stock payable on February 16, 2023, to shareholders of record as of February 13, 2023. With that, let's open the call to questions. Tejas Gala -- Director, Investor Relations and Corporate Finance Thank you, Luca. [Operator instructions] Operator, may we have the first question, please? Questions & Answers: Operator Certainly. We will go ahead and take our first question from David Vogt with UBS. David Vogt -- UBS -- Analyst Thanks, guys, for taking my question. So Tim, and maybe this is for Luca as well. You talked about the supply chain returning back to normal after a very difficult October, November, but we're still seeing some disruptions across tech products, whether it's enterprise or consumer-facing. How do you think about your supply chain and maybe the levels of inventory or builds that you might need as we go forward to sort of insulate your business from these sort of episodic disruptions? Have you changed your view? And if so, how does that affect ultimately margins and sort of your balance sheet and cash flow items going forward? Thanks. Tim Cook -- Chief Executive Officer This is Tim, David. From a supply point of view, we did see disruption from early November through most of December. And from a supply chain point of view, we're now at a point where production is what we need it to be. And so the problem is behind us. In terms of going forward in the supply chain, we build our products everywhere. There are component parts coming from many different countries in the world, and the final assembly coming from three countries in the world on just iPhone. And so we continue to optimize it. We'll continue to optimize it over time and change it to continue to improve. I think when you sort of zoom out and back up from it, the last three years have been a pretty difficult time between COVID and silicon shortages and the like. And I think it's -- I think we have had a very resilient supply chain in the aggregate. In terms of supply for this quarter, which I think was one of your points, I think we're in decent supply on most products for the quarter currently. David Vogt -- UBS -- Analyst Great. Thank you. Tejas Gala -- Director, Investor Relations and Corporate Finance Great. Thanks. Can we have the next question, please? Operator Our next question is from Shannon Cross of Credit Suisse. Shannon Cross -- Credit Suisse -- Analyst Thank you very much. Luca, I wanted to dig a bit more into the commentary on gross margin. The guidance especially of 43.5% to 44.5% is obviously quite strong. So I'm wondering what's helping you out there, assume mix and some other things. And then how should we think about what currency and hedge is going to do as we look forward? And then I have a follow-up. Luca Maestri -- Chief Financial Officer Shannon, yes, I mean, we've had good margin for the December quarter to start with. We reported 43%. Obviously, in December, we have the benefit of leverage because of the seasonality of the business, but we also had favorable mix across the board. Of course, foreign exchange is an issue right now. In the December quarter on a sequential basis, foreign exchange was a negative 110 basis points for us. And on a year-over-year basis, it's 300 basis points. So obviously, the FX environment has changed a lot during the last 12 months. For March, yes, we've seen a margin expansion, 43.5% to 44.5%. We're doing a lot of work around cost, of course. Mix will continue to help, both within categories and services mix as we move away from the holiday season. But we're doing a lot of work on the cost structure, and that is paying off. Foreign exchange is still a negative, about 50 basis points sequentially, but it's mitigating. The last couple of weeks, the dollar has weakened a bit. And so hopefully, as we go through the year, hopefully, things will improve. But for now, as you correctly state, we are in a good position on margins. Shannon Cross -- Credit Suisse -- Analyst Thank you. And then, Tim, can you talk a bit about China? What you're seeing -- obviously, you've had the issues with production, but I mean more on the demand side. As we've gotten through Chinese or in Chinese New Year and the opening, I'm just wondering, are you seeing the Chinese consumer come back? What are they buying? And how are you thinking about your position there? Tim Cook -- Chief Executive Officer Shannon, last quarter, we declined by 7% on a reported basis, but we actually grew on a constant currency basis. And that was despite some significant -- the supply constraints that we talked about earlier. And obviously, the sort of the COVID restrictions throughout China that happened in various different places throughout the country also impacted the demand during the quarter. When you look at the opening that started happening in December, we saw a marked change in traffic in our stores as compared to November. And that followed through to demand as well. And I don't want to get into January. We've obviously -- for January is included in the guidance or the color rather that Luca provided earlier. But we did see a marked change from December compared to November. Shannon Cross -- Credit Suisse -- Analyst Thank you. Tejas Gala -- Director, Investor Relations and Corporate Finance Great. Thanks, Shannon. Can we have the next question, please? Operator Our next question is from Erik Woodring of Morgan Stanley. Erik Woodring -- Morgan Stanley -- Analyst Guys, thanks for taking my questions. Maybe, Tim, first one for you. That 2 billion installed base -- device installed base figure, that's up, I believe, 200 million units year over year. That implies the strongest annual gain in new devices in your installed base basically as far back as you've provided those data points. And so I guess my two questions are: one, do you -- can you provide the installed base for the iPhone at year-end? And then two, is there anything that you see in this new cohort of users that might look different or similar to past cohorts, either by demographic or regions or monetization ramp? And then I have a follow-up. Thanks. Tim Cook -- Chief Executive Officer Yes. The installed base is now over 2 billion active devices, as you mentioned. And we set records across each geographic segment and major product category. And so it was a broad-based change. Two, correct one thing you said, it's up over 150 million year over year. The last report we reported to be over 1.85. And so it's 150 million, which we're very proud of. We also saw strong double-digit in several of the emerging markets, which is very important to us. For example, India and Brazil as just two examples. So very, very strong. And obviously, it bodes well for the future. Erik Woodring -- Morgan Stanley -- Analyst Great. Thank you for that, Tim. And then, Luca, obviously, the December quarter was negatively impacted by the production challenges. Can you just maybe unpackage where channel inventory levels are today kind of across the iPhone broadly? And then what the data that you're seeing so far this quarter is telling you about iPhone demand deferral versus kind of iPhone demand structuring and perhaps pushing some upgrades later into the year rather than into the March quarter? And that's it for me. Tim Cook -- Chief Executive Officer Yes. Erik, I'll take that one as well. The channel inventory levels on iPhone, we obviously ended the December quarter below our target range given the supply challenges on iPhone 14 Pro and iPhone 14 Pro Max. But as you think about this, keep in mind that a year ago, we also exited the December quarter below our target inventory range because of supply challenges in the year-ago quarter. Not related -- not the same issue, but just as a point. And so that hopefully gives you some flavor of that. In terms of what we're seeing in January, we've included in our color that Luca provided kind of our thinking. It's very hard to estimate the recapture because you have to know exactly what would have happened and how many people bought down. And it takes a while to get that -- to get those reports in during the quarter. And so we've made our best guess at it. In terms of the sizing of the constraint in Q1, what we estimate, although not with precision, is that we would -- I thought we believe iPhone would have grown during the quarter had it not been for the supply shortages. So hopefully, that provides you a little bit of color. Erik Woodring -- Morgan Stanley -- Analyst Yeah. That's great. Thanks so much. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks, Erik. Can we have the next question, please? Operator Our next question comes from Aaron Rakers of Wells Fargo. Yeah. Thanks for taking the question. Aaron Rakers -- Wells Fargo Securities -- Analyst Yeah. Thanks for taking the question. I have two as well, if I can. I guess the first kind of question, just going back on the gross margin line. Pretty good guidance into this March quarter. I'm curious if you unpack that a little bit specific around what you're seeing as far as may be benefits from component pricing in the guidance, if you're embedding any of that at this point. Luca Maestri -- Chief Financial Officer Yes. Of course, with our guidance, we try to capture every aspect of our cost structure. And obviously, components are a big portion of that. So definitely, that's included. And keep in mind, again, that foreign exchange -- I mentioned earlier, I think to Shannon, that the sequential negative on FX is 50 basis points versus a year ago, it's 270 basis points. Obviously, the U.S. dollar has moved a lot over the last 12 months. So obviously, we need to find offsets and more to the negative FX in order to be able to provide this kind of guidance. And so obviously, components are a big part of that. Aaron Rakers -- Wells Fargo Securities -- Analyst Yep. And then kind of from a strategic perspective, given kind of the things that we're seeing out in some of your peer group, I'm curious, Tim, how you think about the role of AI in your strategy as far as particularly in the services segment, whether you're not -- you see opportunities to excel monetization abilities within the paid subscriber base and whether or not AI, is it something that you're implementing a bit more strategically there? Tim Cook -- Chief Executive Officer Yep. It is a major focus of ours. It's incredible in terms of how it can enrich customers' lives. And you can look no further than some of the things that we announced in the fall with crash detection and fall detection or back a ways with ECG. I mean these things have literally save people's lives. And so we see an enormous potential in this space to affect virtually everything we do. It's obviously a horizontal technology, not a vertical. And so it will affect every product in every service that we have. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks. Can we have the next question, please? Operator Our next question comes from Amit Daryanani of Evercore. Amit Daryanani -- Evercore ISI -- Analyst Yep. Thanks for taking my question. I guess the first one I have is, Tim, I think based on your earlier comments that iPhones would have grown ex the production issue that implied that maybe it's a $7 billion or so impact that you had in December quarter from the production challenges on the high-end models. I'm sure it's tough to see what happens this time around. But I think historically, when you've had production issues or things like this happen, what has the consumer behavior being typically? Do they tend to go down toward the lower-end models and get the phone they want quickly? Or do they just defer the production? Just from a historical perspective, I think do you typically recover what's deferred out or no? Tim Cook -- Chief Executive Officer It's very hard to estimate is the real answer because you have to know a lot of data, and it's usually only in hindsight that you have a more reasonable view of it. And so we put our best views in the color that Luca provided. That's kind of what I would say. Amit Daryanani -- Evercore ISI -- Analyst All right. And then I guess maybe if I think about services as you go forward. I know you had really good growth in services, I think, over the last several years. But as you go forward in services, what do you think drives the growth more? So is it the expansion of your installed base? Or is it more going to be driven by ARPU going higher for you? I'm just curious, how do you think about those two buckets as you go forward? Luca Maestri -- Chief Financial Officer Amit, there's a number of things, and I've mentioned a few of them during the call. The first step is always the installed base. It's the engine for services growth. And the fact that the installed base is growing very nicely, and it's growing in a lot of emerging markets, it's growing even faster, that gives us a larger addressable pool of customers. So that's incredibly important. The second one is that we are seeing that the level of engagement of our customers already in our ecosystem continues to grow. We -- I mentioned that both transacting accounts and paid accounts grew double digits. And so that bodes very well for the future. And we have a lot of transacting accounts that kind of moved to paid accounts over time. The other aspect that is very important for us is to continue constantly to improve the reach and the quality of our services. And I give the example of Apple Pay, which it's a great example because we started off primarily in the United States. Now we've taken it to 70 markets, millions of merchants. And so obviously, payment services are -- continue to set new highs all the time for us. And as we've seen over the last few years, we also launched new services over time, and that obviously contributes to the growth. We're very excited. And when we look at the behavior of our installed base, we think it's very promising for the continued growth of our Services business. Amit Daryanani -- Evercore ISI -- Analyst OK. Thank you. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks, Amit. Can we have the next question, please? Operator Our next question comes from Harsh Kumar of Piper Sandler. Harsh Kumar -- Piper Sandler -- Analyst Yeah. Hey. Tim,I had a quick question on emerging markets. Seems like you're making a lot of strides in India. Potentially wanted to understand the kind of share you have in China and India. And relative to that, what would be your aspirational but sort of achievable share in iPhones in those territories, whether it's units or revenues? And I was hoping to draw on your experience and maybe what you've seen in other countries where you've had some longer presence. Tim Cook -- Chief Executive Officer And looking at the business in India, we set a quarterly revenue record and grew very strong double digits year over year. And so we feel very good about how we performed, and that was -- that's despite the headwinds that we've talked about. Taking a step back, India is hugely exciting market for us and is a major focus. We brought the online store there in 2020. We will soon bring Apple retail there. So we're putting a lot of emphasis on the market. There's been a lot done from a financing options and trade-ins to make products more affordable and give people more options to buy. And so there's a lot going on there. We are, in essence, taking what we learned in China years ago and how we scale to China and bringing that to bear. And I don't have the exact market shares in front of me, but I think you would see that from a market share point of view that we grew around the world last quarter despite -- on iPhone despite the challenges that we've had on the supply side. And I wouldn't expect to have a difference in those two markets. Harsh Kumar -- Piper Sandler -- Analyst Understood. And for my follow-up, I had a sort of interesting theoretical question on pricing. Assuming we get the CHIPS Act passed, and there's a whole bunch of manufacturing that happens in U.S. and other territories that are potentially somewhat more expensive than the ones you might be now, have you -- has the company done any studies to gauge the elasticity of demand relative to small price increases in your products? Tim Cook -- Chief Executive Officer We have experience in that, but I wouldn't necessarily draw the same conclusion that you have in terms of the cost of the product. I -- we don't know at this point exactly what that will be, but we're all in, in terms of being the largest customer for TSMC in Arizona. I'm very proud to take part in that. That's what I would say about that. Harsh Kumar -- Piper Sandler -- Analyst OK. Fair enough. Thank you, Tim. Tim Cook -- Chief Executive Officer Yep. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks. Can we have the next question, please? Operator Our next question comes from Wamsi Mohan of Bank of America. Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Thank you. Tim, you've done a phenomenal job of driving consumer choice toward higher-end products within your portfolio. How would you compare this cycle for iPhones if you were to segment the Pro versus non-Pro models versus the cycles from the past few years? And do you think this move to higher ASPs is sustainable? Or do you think it reverses in a tighter consumer spending environment? And I have a follow-up. Tim Cook -- Chief Executive Officer The Pro has been a -- 14 Pro and the 14 Pro Max have done extremely well up until the point where we had a supply shortage and couldn't provide them -- couldn't provide the total of the demand. And so it's definitely a strong Pro cycle. I think there's a number of reasons for that, but the most important one is always the product. And I think the innovations and the product speak for themselves. And we feel very good about the product that we announced back in September and are happy to now be at a point where we're shipping to the demand. Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst And Tim, do you think that this move to sort of higher ASPs that has happened over the last few years is sustainable? Or could it sustain in this very tough macro environment that you've cited? Tim Cook -- Chief Executive Officer I wouldn't want to predict, but I would say that the smartphone for us -- the iPhone has become so integral into people's lives. It contains their contacts and their health information and their banking information and their smart home and so many different parts of their lives, their payment vehicle and -- for many people. And so I think people are willing to really stretch to get the best they can afford in that category. Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst OK. Great. And Tim, you clearly emphasize the focus and importance of the installed base. If we think about the absolute grit of the installed base from 1 billion to 2 billion over 7 years from a device standpoint, how should we think about the penetration of services or the growth in paying customers on services or that time frame? Is that penetration rate increasing or decreasing? How fast is that growing relative to the growth of the overall installed base? Luca Maestri -- Chief Financial Officer Wamsi, it's Luca. Yes, of course, we keep track of that. It's really important for us. Over the last seven years, as we doubled the installed base, we've seen a growing engagement of our customers on the platform. That happens, first of all, by customers transacting on the platform and then moving to paid accounts. So starting to pay for some of the services. That percentage of paid accounts tends to grow over time. We've seen it in developed markets. We see it in emerging markets. And that is due to some of the reasons that I was explaining earlier, including the fact that we made it easier for our customers to get engaged on the platform. For example, we offer multiple payment methods in many countries. And we've made it easier to explore for more services because we've added a lot of services on the platform over the last seven years. So to your question, of course, higher engagement means a higher percentage of paid accounts over time. Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst OK. Thank you. Tejas Gala -- Director, Investor Relations and Corporate Finance All right. Thanks, Wamsi. Can we have the next question, please? Operator Our next question comes from Richard Kramer of Arete Research LLP. Tejas Gala -- Director, Investor Relations and Corporate Finance Operator, can we move on to the next? Operator Richard? OK. Next we'll hear from Jim Suva of Citigroup. Jim, your line is open. If you can release your mute function, we are unable to hear you. Jim Suva -- Citi -- Analyst Tim and Luca, you both mentioned earlier on the Q&A a little bit about India. I was wondering if we're now entering a situation of even more opportunity because we've exited COVID. We've exited countries with different COVID criteria. We've also seen India build out its higher-speed transmissions. And your market is -- shares tremendously underrepresented there. And it appears with the supply chain, you're looking at diversifying kind of operational risk, not specific to any country, but just overall. Now you look at potentially opening up stores and stuff. Am I right that, that's the way you look at it is it's even more prime for opportunity now than ever? And once you start opening up stores there, you could just see a complete green shoots of adoptions or any additional commentary on your view on India as now we've navigated COVID and supply chain and so many challenges over the past two years? Thank you, gentlemen. Tim Cook -- Chief Executive Officer Yes. Jim, we actually did fairly well through COVID in India. And I'm even more bullish now on the other side of it, or hopefully, on the other side of it. And that's the reason why we're investing there. We're bringing retail there and bringing the online store there and putting a significant amount of energy there. I'm very bullish on India. Jim Suva -- Citi -- Analyst Thank you. And then as my quick follow-up, you had mentioned that Services, not necessarily specific to India, but Services overall were better than expected. And of course, supply chain was more challenged than expected. So what was the bridge factor of services being better than expected on upside? Was it like advertising or apps or paid monthly subscriptions? Or what were kind of the things that really surprised you to the upside on services? Thank you. Luca Maestri -- Chief Financial Officer It was -- Jim, it's Luca. It's primarily the -- this level of engagement we saw, which then reflects into the, as you said, the paid subscriptions. We saw very good results in our cloud services business in payment services. Music was very strong. So we had a number of categories that set new records, all-time records. And they did a bit better than we were expecting at the beginning of the quarter. And so Tim mentioned that during, I think, his prepared remarks that when you look at it in constant currency, we grew services double digits. And that was on top of a 24% increase a year ago. So it's very sustained growth that we're seeing. Jim Suva -- Citi -- Analyst Thank you so much and congratulations to you and all your teams. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks, Jim. Can we have the next question, please? Operator Our next question will come from Krish Sankar of Cowen and Company. Krish Sankar -- Cowen and Company -- Analyst Yeah. Hi. Thanks for taking my question. I have two. The first one, Tim and Luca, you mentioned how the macro did soften, and it has an impact. And as consumers tighten their belt, we look across your hardware products and service businesses. Where are you seeing the biggest impact? And where are you seeing the least impact from the softening macro? And then I had a quick follow-up. Tim Cook -- Chief Executive Officer We think there were some impact across the products and in Services. Probably, the ones that we saw the most impact on were Mac and Wearables. You can see that in those numbers. And probably, the least would have been iPhone. Krish Sankar -- Cowen and Company -- Analyst Got it. Got it. Very helpful, Tim. And then just a quick follow-up on the Mac. The PC industry is expecting a decline in PC shipments this year also. How do you think about the Mac relative to kind of like where the PC industry as a whole is expecting the shipments to end up? Is there any color you can give on that? Tim Cook -- Chief Executive Officer The industry is very challenged, as you say. It's -- the industry is contracting. I think from us, though, is -- and I don't know how this year will play out, so I don't want to predict the year. But over the long run, we have a market that is a reasonable sized market, a big market. And we have low share, and we have a competitive advantage with Apple silicon. And so strategically, I think we're well-positioned in the market, albeit I think it will be a little rough in the short term. Krish Sankar -- Cowen and Company -- Analyst Thanks a lot, Tim. Tim Cook -- Chief Executive Officer Yep. Tejas Gala -- Director, Investor Relations and Corporate Finance Thanks, Krish. A replay of today's call will be available for two weeks on Apple Podcasts as a webcast on apple.com/investor and via telephone. The number for the telephone replay is (866) 583-1035. Please enter confirmation code 6541285, followed by the pound sign. These replays will be available by approximately 5 p.m. Pacific Time today. Members of the press with additional questions can contact Josh Rosenstock at (408) 862-1142. Financial analysts can contact me with additional questions at (669) 227-2402. Thank you again for joining us. Operator [Operator signoff] Duration: 0 minutes Call participants: Tejas Gala -- Director, Investor Relations and Corporate Finance Tim Cook -- Chief Executive Officer Luca Maestri -- Chief Financial Officer David Vogt -- UBS -- Analyst Shannon Cross -- Credit Suisse -- Analyst Erik Woodring -- Morgan Stanley -- Analyst Aaron Rakers -- Wells Fargo Securities -- Analyst Amit Daryanani -- Evercore ISI -- Analyst Harsh Kumar -- Piper Sandler -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Jim Suva -- Citi -- Analyst Krish Sankar -- Cowen and Company -- Analyst More AAPL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 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.	Apple (NASDAQ: AAPL) Q1 2023 Earnings Call Feb 02, 2023, 5:00 p.m. Operator [Operator signoff] Duration: 0 minutes Call participants: Tejas Gala -- Director, Investor Relations and Corporate Finance Tim Cook -- Chief Executive Officer Luca Maestri -- Chief Financial Officer David Vogt -- UBS -- Analyst Shannon Cross -- Credit Suisse -- Analyst Erik Woodring -- Morgan Stanley -- Analyst Aaron Rakers -- Wells Fargo Securities -- Analyst Amit Daryanani -- Evercore ISI -- Analyst Harsh Kumar -- Piper Sandler -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Jim Suva -- Citi -- Analyst Krish Sankar -- Cowen and Company -- Analyst More AAPL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We generated $20.8 billion in revenue, a new all-time record in total, and for many services offerings in spite of a difficult foreign exchange environment, and macroeconomic headwinds impacting certain categories such as digital advertising and mobile gaming.	Operator [Operator signoff] Duration: 0 minutes Call participants: Tejas Gala -- Director, Investor Relations and Corporate Finance Tim Cook -- Chief Executive Officer Luca Maestri -- Chief Financial Officer David Vogt -- UBS -- Analyst Shannon Cross -- Credit Suisse -- Analyst Erik Woodring -- Morgan Stanley -- Analyst Aaron Rakers -- Wells Fargo Securities -- Analyst Amit Daryanani -- Evercore ISI -- Analyst Harsh Kumar -- Piper Sandler -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Jim Suva -- Citi -- Analyst Krish Sankar -- Cowen and Company -- Analyst More AAPL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Apple (NASDAQ: AAPL) Q1 2023 Earnings Call Feb 02, 2023, 5:00 p.m. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of COVID-19 on the company's business and results of operations.	Operator [Operator signoff] Duration: 0 minutes Call participants: Tejas Gala -- Director, Investor Relations and Corporate Finance Tim Cook -- Chief Executive Officer Luca Maestri -- Chief Financial Officer David Vogt -- UBS -- Analyst Shannon Cross -- Credit Suisse -- Analyst Erik Woodring -- Morgan Stanley -- Analyst Aaron Rakers -- Wells Fargo Securities -- Analyst Amit Daryanani -- Evercore ISI -- Analyst Harsh Kumar -- Piper Sandler -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Jim Suva -- Citi -- Analyst Krish Sankar -- Cowen and Company -- Analyst More AAPL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Apple (NASDAQ: AAPL) Q1 2023 Earnings Call Feb 02, 2023, 5:00 p.m. We also set records in many services categories, including all-time revenue records for cloud services, payment services and music and December quarter records for the App Store and AppleCare.	Operator [Operator signoff] Duration: 0 minutes Call participants: Tejas Gala -- Director, Investor Relations and Corporate Finance Tim Cook -- Chief Executive Officer Luca Maestri -- Chief Financial Officer David Vogt -- UBS -- Analyst Shannon Cross -- Credit Suisse -- Analyst Erik Woodring -- Morgan Stanley -- Analyst Aaron Rakers -- Wells Fargo Securities -- Analyst Amit Daryanani -- Evercore ISI -- Analyst Harsh Kumar -- Piper Sandler -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Jim Suva -- Citi -- Analyst Krish Sankar -- Cowen and Company -- Analyst More AAPL analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Apple (NASDAQ: AAPL) Q1 2023 Earnings Call Feb 02, 2023, 5:00 p.m. After that, we'll open the call to questions from analysts.
17273.0	2023-02-02 00:00:00 UTC	Billionaire Cohen builds stake in Nordstrom, urges board shakeup	AAPL	https://www.nasdaq.com/articles/billionaire-cohen-builds-stake-in-nordstrom-urges-board-shakeup	nan	nan	By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. He appears to be taking at aim at Mark Tritton, who chairs the compensation committee and has served as a director since 2020. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Bed Bath & Beyond is preparing to file for bankruptcy, Reuters reported this week. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday. Nordstrom shares have dropped roughly 55% over the past five years, and ratings agency Fitch again downgraded the company last month, saying that its "operating trajectory has been weaker than most retailers." The Wall Street Journal first reported Cohen's stake in Nordstrom. Cohen is now one of the company's top five non-insider shareholders alongside investment firms BlackRock and Fidelity, the people familiar with his stake said. Tritton was ousted as Bed Bath & Beyond's CEO as part of a management shakeup in June just a few months after Cohen had taken a stake in the home goods retailer and criticized it for an "overly ambitious" strategy, for overpaying executives and failing to reverse market share losses. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said. Cohen would like to reach a deal with the company without resorting to a proxy fight, the people said. The window to publicly nominate directors at Nordstrom closes on Feb. 17, according to proxy materials. Canada-born Cohen, 37, has a net worth estimated at $2.5 billion. He made a splash in the investing world two years ago when he joined the board of GameStop, igniting a frenzy in the stock price that turned the video retailer into a "meme stock" backed by retail investors. Nordstrom was founded by the Nordstrom family, and insiders still own roughly 30% of the stock with brothers Erik and Peter serving as chief executive officer and president, respectively. They also have board seats. Cohen has met with family members in Seattle, where the company is headquartered, and has expressed admiration for the company's customer service, the people said. (Reporting by Svea Herbst-Bayliss; Editing by Leslie Adler) ((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters Messaging: svea.herbst.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.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Nordstrom shares have dropped roughly 55% over the past five years, and ratings agency Fitch again downgraded the company last month, saying that its "operating trajectory has been weaker than most retailers."	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. The Wall Street Journal first reported Cohen's stake in Nordstrom.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. By Svea Herbst-Bayliss NEW YORK, Feb 2 (Reuters) - Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc JWN.N and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said.	Cohen, who built his fortune by co-founding online pet retailer Chewy Inc CHWY.N and cemented it with investments in videogame retailer GameStop GME.N and Apple Inc AAPL.O, would like to replace at least one director on Nordstrom's 10-member board, the people said. Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday.
17274.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq, S&P 500 post strong gains on Fed relief, Meta surge	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-post-strong-gains-on-fed-relief-meta-surge	nan	nan	(For a Reuters live blog on U.S., UK and European stock markets, click [LIVE/] or type LIVE/ in a news window.) * Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with further market data) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The Dow slipped, dragged down by declines in some big healthcare stocks. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. "The bottom line for investors I think is that the Fed’s comments were unexpected.” The Dow Jones Industrial Average fell 39.02 points, or 0.11%, to 34,053.94, the S&P 500 gained 60.55 points, or 1.47%, to 4,179.76 and the Nasdaq Composite added 384.50 points, or 3.25%, to 12,200.82. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations. Those trends continued on Thursday. The communications services sector jumped 6.7%, its biggest daily gain in almost three years, led by a 23.3% surge for Facebook parent Meta . The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." “I think that encapsulates what investors want to hear from tech companies this year," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. "They want to hear that it is a year of efficiency, they are getting out ahead of a slowdown in the economy." Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%. In initial after-hours trading, shares of Amazon and Alphabet both slid after the companies posted their results. The S&P 500's 50-day moving average moved above the 200-day moving average, a pattern known as a "golden cross" that is perceived by many as a bullish technical signal for near-term momentum. The energy sector , one of last year's standout performers, fell 2.5%, while healthcare dropped 0.7%. UnitedHealth Group shares fell 5.3% after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A 3.3% decline in Merck shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index. Shares of drugmaker Eli Lilly dropped 3.5% after sales of its closely watched diabetes drug missed estimates. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday. Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.55-to-1 ratio favored advancers. The S&P 500 posted 36 new 52-week highs and one new low; the Nasdaq Composite recorded 162 new highs and 16 new lows. About 15 billion shares changed hands in U.S. exchanges, compared with the 11.7 billion daily average over the last 20 sessions. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi, Anil D'Silva and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) Keywords: USA STOCKS/ (UPDATE 6) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday.	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with further market data) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%.	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with further market data) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations. Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%.	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with further market data) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." A 3.3% decline in Merck shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index.
17275.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq, S&P 500 post strong gains on Fed relief, Meta surge	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-post-strong-gains-on-fed-relief-meta-surge-0	nan	nan	(For a Reuters live blog on U.S., UK and European stock markets, click [LIVE/] or type LIVE/ in a news window.) * Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with after-hours trading of Apple, Amazon, Alphabet) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The Dow slipped, dragged down by declines in some big healthcare stocks. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. "The bottom line for investors I think is that the Fed’s comments were unexpected.” The Dow Jones Industrial Average fell 39.02 points, or 0.11%, to 34,053.94, the S&P 500 gained 60.55 points, or 1.47%, to 4,179.76 and the Nasdaq Composite added 384.50 points, or 3.25%, to 12,200.82. Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%. In initial after-hours trading, however, shares of all three companies fell after their respective results. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations. Those trends continued on Thursday. The communications services sector jumped 6.7%, its biggest daily gain in almost three years, led by a 23.3% surge for Facebook parent Meta . The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." The S&P 500's 50-day moving average moved above the 200-day moving average, a pattern known as a "golden cross" that is perceived by many as a bullish technical signal for near-term momentum. The energy sector , one of last year's standout performers, fell 2.5%, while healthcare dropped 0.7%. UnitedHealth Group shares fell 5.3% after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A 3.3% decline in Merck shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index. Shares of drugmaker Eli Lilly dropped 3.5% after sales of its closely watched diabetes drug missed estimates. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday. Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.55-to-1 ratio favored advancers. The S&P 500 posted 36 new 52-week highs and one new low; the Nasdaq Composite recorded 162 new highs and 16 new lows. About 15 billion shares changed hands in U.S. exchanges, compared with the 11.7 billion daily average over the last 20 sessions. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi, Anil D'Silva and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) Keywords: USA STOCKS/ (UPDATE 6) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday.	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with after-hours trading of Apple, Amazon, Alphabet) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency."	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with after-hours trading of Apple, Amazon, Alphabet) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Shares of megacap stocks Apple , Amazon and Google parent Alphabet also gained strongly ahead of results due after market close on Thursday, with Apple rising 3.7%, and Amazon and Alphabet both up over 7%. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.	* Meta soars on cost controls, $40 bln share buyback * Merck slides on disappointing forecast, UnitedHealth drops * S&P 500, Nasdaq hit roughly 5-month highs * Indexes: Dow down 0.11%, S&P up 1.47%, Nasdaq up 3.25% (Updates with after-hours trading of Apple, Amazon, Alphabet) By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." A 3.3% decline in Merck shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index.
17276.0	2023-02-02 00:00:00 UTC	Tech earnings hit pause button on market rally	AAPL	https://www.nasdaq.com/articles/tech-earnings-hit-pause-button-on-market-rally	nan	nan	By Caroline Valetkevitch and Herbert Lash Feb 3 (Reuters) - Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message from their earnings on Thursday: not so fast. Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. The reports renewed questions about global economic demand, the effect of higher interest rates and whether the market's January rally got ahead of itself. Nascent signs that consumer spending was beginning to rebound in China were not enough to change that. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China. Amazon said operating profits could fall this quarter due to lower demand, and Alphabet's online advertisers cut back their spend as well. Shares of the three companies dropped after the results were released and were expected to drag the market lower Friday following a euphoric rally Thursday. "Maybe the tech stocks rallied a little bit too much into these numbers, so the market will be taking a deep breath and saying, 'OK, well these companies aren't bulletproof,'" said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia. These three firms and Microsoft MSFT.O, the four U.S. companies with trillion-dollar market values, have led the broad-market S&P 500 in 2023. The index is up nearly 9% year-to-date, with Amazon gaining 34%. Big Tech surged Thursday following a strong quarterly report from Facebook-owner Meta Platforms Inc META.O. That's after the group was battered throughout 2022, trailing the S&P, which dropped nearly 20%. Some investors saw silver linings from Apple and other bellwethers, including Starbucks, that reported results on Thursday. They noted that lockdowns in China strangled sales for many companies in the world's second-biggest economy, expecting a rebound in the coming year. "When things started to reopen in December (in China), we did see an increase in traffic to our stores as compared to November and an increase in demand as December rolled around," Apple Chief Executive Tim Cook told Reuters. Cook said lockdowns in China hurt both production and demand, and the company faced headwinds from the strong U.S. dollar that pushed revenues lower. “Currency was a headwind but will be a tailwind in Q1,” said Nancy Tengler, chief executive of Laffer Tengler Investments in Scottsdale, Arizona, referring to the dollar's weakening trajectory. "The supply chain was a problem more so than demand, and that seems to have been right-sized." Similarly, Starbucks said comparable sales fell 29% from the previous year in China, the company's fastest-growing market, but that beginning in January, it saw "very encouraging" recovery momentum there. Other U.S. consumer bellwethers painted a mixed picture. Consumer staples giant Clorox said product volumes fell in three of the company's four business segments in the fourth quarter, while automaker Ford said the year ahead was going to be a difficult one. They, and other companies, are still grappling with higher interest rates that are slowing demand. This year's surge in stocks has been built on a rally in bonds, as lower yields make high-valuation shares more attractive. Cost-cutting by Alphabet and Meta led some investors to think that interest rates are affecting demand. "In many respects we’re waiting for that other shoe to drop – the impact of higher rates on the economy, inflation, earnings and jobs," said Jack Ablin, co-founder and chief investment officer at Cresset Capital, which manages $30 billion. "Profits tend to trough nine months after overnight rates peak and we haven’t even seen the peak in overnight rates yet." Is the selloff in tech stocks over?https://tmsnrt.rs/3DCBBdD (Reporting By Herbert Lash, Caroline Valetkevitch and David Gaffen; writing by David Gaffen; Editing by Peter Henderson and Cynthia Osterman) ((david.gaffen@thomsonreuters.com; +1-646-223-6064; Reuters Messaging: david.gaffen.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. Similarly, Starbucks said comparable sales fell 29% from the previous year in China, the company's fastest-growing market, but that beginning in January, it saw "very encouraging" recovery momentum there. Consumer staples giant Clorox said product volumes fell in three of the company's four business segments in the fourth quarter, while automaker Ford said the year ahead was going to be a difficult one.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. By Caroline Valetkevitch and Herbert Lash Feb 3 (Reuters) - Big Tech led U.S. markets on a sharp rebound to kick off 2023. Big Tech surged Thursday following a strong quarterly report from Facebook-owner Meta Platforms Inc META.O.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. Shares of the three companies dropped after the results were released and were expected to drag the market lower Friday following a euphoric rally Thursday. "Maybe the tech stocks rallied a little bit too much into these numbers, so the market will be taking a deep breath and saying, 'OK, well these companies aren't bulletproof,'" said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.	Apple Inc AAPL.O, Google parent Alphabet GOOGL.O and Amazon.com AMZN.O all posted results for the end-of-year quarter that left a sour taste in investors' mouths. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China. Shares of the three companies dropped after the results were released and were expected to drag the market lower Friday following a euphoric rally Thursday.
17277.0	2023-02-02 00:00:00 UTC	Did Jerome Powell Give the Greenlight to Stock Investors?	AAPL	https://www.nasdaq.com/articles/did-jerome-powell-give-the-greenlight-to-stock-investors-0	nan	nan	Federal Reserve chair Jerome Powell addressed the world economy on Wednesday and announced that he and his committee decided to raise the federal funds rate 0.25% to 4.5-4.75%. This was as expected, but the most important bits came during the press conference. Depending on whether you are a bull or bear you may be interpreting what Jerome Powell said in different ways. The bulls are feeling reassured. Powell acknowledged that “the disinflation process has started,” and how incredibly relieving it is to see that process begin. The bears, however, were focused on his saying that it would be “very premature to declare victory,” over inflation. And that some sectors of the service economy have yet to see any disinflation at all. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst. As unlikely as it seemed, it appears Jerome Powell and the Fed have pulled off the goldilocks ‘Soft Landing,’ where they have lowered inflation in such a way that the economy didn’t need to slow significantly, and employment remained robust. One of the most important indicators for the Fed is the ECI (Employment Cost Index), which measures wages. One of the biggest risks for inflation is a wage-price spiral, but the ECI is showing consistent decreases. Looking back at other bear markets we see that earnings always bottom out after the market, because markets are forward-looking. Furthermore, financial conditions have loosened quite significantly already. According to the Financial Conditions Index, economic policy is as loose as it has been in other recent expansionary periods. Image Source: Goldman Sachs Bear Case While Jerome Powell has been successful in initiating disinflation, there is no guarantee it will continue to improve. Worse yet, because expectations have become so hopeful about disinflation, even a small miss to the upside on inflation can really shake the markets. What if inflation is stickier than expected? Earnings seem to be coming in around expectations, but that is because analyst expectations were extremely low. What if there is a secondary push lower in the economy just as everyone is getting bullish again? Furthermore, with the now easing conditions of financial markets, and such robust employment, how do we know this won’t reignite inflation? Statistics Favor the Long-Term These issues are never black and white, and the case can easily be made for bears or bulls. Something the data tells us conclusively is that over the long term, stocks are an extremely good investment. Whether you buy in a bull market or a bear market, the real edge is focusing on owning quality businesses, with improving earnings over the long run. Stocks to Watch Some of the best stocks in the world have been completely battered by the rising rates environment. But that dynamic is slowly switching over. And this may be a great opportunity for investors to start buying stocks still in correction territory. With the Fed easing off the breaks, it’s possible stocks will see a continued rally. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon (AMZN), Apple (AAPL) and Alphabet (GOOGL) are hard to ignore at this point. They are extremely dominant, and innovative businesses that have been beaten down significantly. Image Source: Zacks Investment Research Additionally, Meta Platforms (META) announced Q4 earnings Wednesday after the close, and investors were very happy with the numbers. Meta is already up 25% on Thursday in response to the earnings call. Meta saw a 4% increase in Daily Active Users, a 23% boost in ad impressions, and a -22% decrease in the cost of advertisements. Meta beat revenue estimates and announced a $40 billion stock buyback program. The stock is up over 100% off its November 2022 lows. 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 Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Although they will be reporting earnings on Thursday, February 2 after the close, Amazon (AMZN), Apple (AAPL) and Alphabet (GOOGL) are hard to ignore at this point. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. As unlikely as it seemed, it appears Jerome Powell and the Fed have pulled off the goldilocks ‘Soft Landing,’ where they have lowered inflation in such a way that the economy didn’t need to slow significantly, and employment remained robust.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon (AMZN), Apple (AAPL) and Alphabet (GOOGL) are hard to ignore at this point. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Although they will be reporting earnings on Thursday, February 2 after the close, Amazon (AMZN), Apple (AAPL) and Alphabet (GOOGL) are hard to ignore at this point. Bull Case The stock market has corrected significantly since the beginning of the rising rates policy and has now discounted the worst.	Although they will be reporting earnings on Thursday, February 2 after the close, Amazon (AMZN), Apple (AAPL) and Alphabet (GOOGL) are hard to ignore at this point. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Depending on whether you are a bull or bear you may be interpreting what Jerome Powell said in different ways.
17278.0	2023-02-02 00:00:00 UTC	After Hours Most Active for Feb 2, 2023 : AMZN, F, QQQ, AAPL, SQQQ, TQQQ, GOOGL, ABEV, ITUB, IBN, C, WFC	AAPL	https://www.nasdaq.com/articles/after-hours-most-active-for-feb-2-2023-%3A-amzn-f-qqq-aapl-sqqq-tqqq-googl-abev-itub-ibn-c	nan	nan	The NASDAQ 100 After Hours Indicator is down -223.51 to 12,579.63. The total After hours volume is currently 129,275,042 shares traded. The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is -4.09 at $108.82, with 12,401,708 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.35. Smarter Analyst Reports: Amazon Expects FTC’s Verdict on MGM Acquisition by Mid-March: Report Ford Motor Company (F) is -0.93 at $13.39, with 7,155,507 shares traded. Smarter Analyst Reports: Ford Plans Reorganization into EV and ICE Business Units – Report Invesco QQQ Trust, Series 1 (QQQ) is -2.84 at $308.88, with 6,635,527 shares traded. This represents a 21.48% increase from its 52 Week Low. Apple Inc. (AAPL) is +0.18 at $151.00, with 6,289,753 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022. The consensus EPS forecast is $1.93. Smarter Analyst Reports: Wednesday’s Pre-Market: Here’s What You Need to Know Before the Market Opens ProShares UltraPro Short QQQ (SQQQ) is +0.81 at $33.82, with 5,196,677 shares traded. This represents a 8.5% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is -0.671 at $26.24, with 5,040,577 shares traded. This represents a 62.98% increase from its 52 Week Low. Alphabet Inc. (GOOGL) is -3.7 at $104.04, with 4,722,223 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range". Ambev S.A. (ABEV) is -0.01 at $2.57, with 4,627,819 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Itau Unibanco Banco Holding SA (ITUB) is -0.04 at $4.94, with 2,430,565 shares traded.ITUB is scheduled to provide an earnings report on 2/9/2023, for the fiscal quarter ending Dec2022. The consensus earnings per share forecast is 0.16 per share, which represents a 12 percent increase over the EPS one Year Ago ICICI Bank Limited (IBN) is -0.06 at $20.87, with 2,020,031 shares traded. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range". Citigroup Inc. (C) is -0.01 at $52.21, with 1,449,977 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 $1.7. C's current last sale is 87.02% of the target price of $60. Wells Fargo & Company (WFC) is -0.12 at $47.11, with 1,098,834 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 $1.19. As reported by Zacks, the current mean recommendation for WFC is in the "buy range". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Apple Inc. (AAPL) is +0.18 at $151.00, with 6,289,753 shares traded. Itau Unibanco Banco Holding SA (ITUB) is -0.04 at $4.94, with 2,430,565 shares traded.ITUB is scheduled to provide an earnings report on 2/9/2023, for the fiscal quarter ending Dec2022. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range".	Apple Inc. (AAPL) is +0.18 at $151.00, with 6,289,753 shares traded. Smarter Analyst Reports: Ford Plans Reorganization into EV and ICE Business Units – Report Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023.	Apple Inc. (AAPL) is +0.18 at $151.00, with 6,289,753 shares traded. The total After hours volume is currently 129,275,042 shares traded. Itau Unibanco Banco Holding SA (ITUB) is -0.04 at $4.94, with 2,430,565 shares traded.ITUB is scheduled to provide an earnings report on 2/9/2023, for the fiscal quarter ending Dec2022.	Apple Inc. (AAPL) is +0.18 at $151.00, with 6,289,753 shares traded. Amazon.com, Inc. (AMZN) is -4.09 at $108.82, with 12,401,708 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023.
17279.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq, S&P 500 close higher on Meta bump, Fed lift	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-close-higher-on-meta-bump-fed-lift	nan	nan	By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also gained strongly ahead of their results due after market close. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “I think the reaction to yesterday’s Fed comments really encouraged investors to go risk on,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. "The bottom line for investors I think is that the Fed’s comments were unexpected.” According to preliminary data, the S&P 500 .SPX gained 61.05 points, or 1.48%, to end at 4,180.26 points, while the Nasdaq Composite .IXIC gained 384.91 points, or 3.26%, to 12,201.23. The Dow Jones Industrial Average .DJI fell 38.26 points, or 0.11%, to 34,054.70. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations. Those trends continued on Thursday. The communications services sector .SPLRCL jumped, led by a surge for Facebook parent MetaMETA.O. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." “I think that encapsulates what investors want to hear from tech companies this year," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. "They want to hear that it is a year of efficiency, they are getting out ahead of a slowdown in the economy." UnitedHealth Group UNH.N shares fell after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A decline in MerckMRK.N shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index. Shares of drugmaker Eli LillyLLY.N dropped after sales of its closely watched diabetes drug missed estimates. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi, Anil D'Silva and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also gained strongly ahead of their results due after market close. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also gained strongly ahead of their results due after market close. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. "The bottom line for investors I think is that the Fed’s comments were unexpected.” According to preliminary data, the S&P 500 .SPX gained 61.05 points, or 1.48%, to end at 4,180.26 points, while the Nasdaq Composite .IXIC gained 384.91 points, or 3.26%, to 12,201.23.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also gained strongly ahead of their results due after market close. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. "The bottom line for investors I think is that the Fed’s comments were unexpected.” According to preliminary data, the S&P 500 .SPX gained 61.05 points, or 1.48%, to end at 4,180.26 points, while the Nasdaq Composite .IXIC gained 384.91 points, or 3.26%, to 12,201.23.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also gained strongly ahead of their results due after market close. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 ended higher on Thursday after touching roughly five-month intraday highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. The Dow Jones Industrial Average .DJI fell 38.26 points, or 0.11%, to 34,054.70.
17280.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq, S&P 500 jump on Meta rise, Fed relief	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-sp-500-jump-on-meta-rise-fed-relief	nan	nan	By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 jumped and touched roughly five-month highs on Thursday as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also were gaining strongly ahead of their results due after the market closes. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds. “Markets are just reacting to I think a more dovish press conference from Powell yesterday,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. “I think the market got out of that Fed meeting still hoping that conditions can be easier at the end of the year.” The Dow Jones Industrial Average .DJI fell 88.57 points, or 0.26%, to 34,004.39, the S&P 500 .SPX gained 60.52 points, or 1.47%, to 4,179.73 and the Nasdaq Composite .IXIC added 399.57 points, or 3.38%, to 12,215.89. After a bruising 2022, U.S. stock markets have made a strong start to the year, with tech and other stocks that lagged last year leading the rebound amid hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations. Those trends continued on Thursday. The communications services sector jumped over 6%, led by a 26% gain for Facebook parent Meta. The company revealed stricter cost controls this year and a $40 billion share buyback, as CEO Mark Zuckerberg called 2023 the "year of efficiency." “I think that encapsulates what investors want to hear from tech companies this year," Saglimbene said. "They want to hear that it is a year of efficiency, they are getting out ahead of a slowdown in the economy." The consumer discretionary .SPLRCD and tech .SPLRCT sectors rose 3.9% and 2.9%, respectively. The energy sector .SPNY, one of last year's standout performers, fell 3%, while healthcare .SPXHC dropped 1%. UnitedHealth Group UNH.N shares fell 5.6% after the U.S. government proposed Medicare Advantage reimbursement rates below analyst estimates, and the stock weighed down the Dow. A 3.9% decline in MerckMRK.N shares, after the drugmaker forecast 2023 earnings below Wall Street estimates, also dragged on the blue chip index. Shares of drugmaker Eli LillyLLY.N fell 6% after sales of its closely watched diabetes drug missed estimates. Data showed jobless claims fell last week to a nine-month low, highlighting the labor market's resilience, ahead of monthly U.S. employment numbers on Friday. Advancing issues outnumbered declining ones on the NYSE by a 2.70-to-1 ratio; on Nasdaq, a 3.12-to-1 ratio favored advancers. The S&P 500 posted 35 new 52-week highs and one new low; the Nasdaq Composite recorded 140 new highs and 11 new lows. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi, Anil D'Silva and Cynthia Osterman) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also were gaining strongly ahead of their results due after the market closes. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 jumped and touched roughly five-month highs on Thursday as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Investors were still digesting the Fed's policy decision on Wednesday and comments from Powell, who acknowledged progress in the fight against inflation and appeared reluctant to push back against the rally in stocks and bonds.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also were gaining strongly ahead of their results due after the market closes. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 jumped and touched roughly five-month highs on Thursday as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. “I think that encapsulates what investors want to hear from tech companies this year," Saglimbene said.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also were gaining strongly ahead of their results due after the market closes. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 jumped and touched roughly five-month highs on Thursday as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. “I think the market got out of that Fed meeting still hoping that conditions can be easier at the end of the year.” The Dow Jones Industrial Average .DJI fell 88.57 points, or 0.26%, to 34,004.39, the S&P 500 .SPX gained 60.52 points, or 1.47%, to 4,179.73 and the Nasdaq Composite .IXIC added 399.57 points, or 3.38%, to 12,215.89.	Shares of megacap stocks Apple AAPL.O, Amazon AMZN.O and Google parent Alphabet GOOGL.O also were gaining strongly ahead of their results due after the market closes. By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq and S&P 500 jumped and touched roughly five-month highs on Thursday as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. “I think that encapsulates what investors want to hear from tech companies this year," Saglimbene said.
17281.0	2023-02-02 00:00:00 UTC	SBUX, QCOM, F Predictions: 3 Hot Stocks for Tomorrow	AAPL	https://www.nasdaq.com/articles/sbux-qcom-f-predictions%3A-3-hot-stocks-for-tomorrow	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips As we look to round out a very busy week, investors are looking at the hot stocks for tomorrow, Friday, Feb. 3. “Busy” seems like an understatement when it comes to describing the last three days of this week. The Federal Reserve raised rates by 25 basis points on Wednesday, but the main focus wasn’t what the Fed did. Instead, the focus was on what the Fed said. While talking about higher interest rates throughout the year, the market seemingly called Chair Powell’s bluff, rallying risk assets in response. Today we hear from big tech as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) all report earnings tonight. On Friday before the open, we’ll get the monthly jobs report for January, which is always a market-mover. Let’s look at a few more hot stocks for tomorrow. Hot Stocks for Tomorrow: Starbucks (SBUX) Click to Enlarge Source: Chart courtesy of TrendSpider On Thursday evening, Amazon’s earnings will give us a look at how consumers are behaving online — both last quarter and currently — while Starbucks (NASDAQ:SBUX) will also provide a glimpse into how shoppers are spending. Shares of Starbucks have performed quite well lately, as consumers continue to visit the coffee giant. The company raised its prices to help offset inflation pressure and had seemingly no push-back from consumers. Toss in the reopening of China — Starbucks’ second-largest market — and the stock could be set for a strong outlook. That said, shares have rallied nicely already and the company will have to soon hand over the reins to Laxman Narasimhan as its next CEO. The Chart: On the upside, $114 is one level to watch, but the big one is $117. On the downside, bulls would love to see Starbucks hold the $104 to $105 area, but ultimately, ~$100 and the $98 level are much more important in the intermediate term. Qualcomm (QCOM) Click to Enlarge Source: Chart courtesy of TrendSpider When Intel (NASDAQ:INTC) reported earnings, it was a disastrous result. When Advanced Micro Devices (NASDAQ:AMD) reported, we heard a much better story. But what will Qualcomm (NASDAQ:QCOM) have to say when it reports after the close on Thursday? The situation in tech is much better than it was a few months ago — or heck, even a few weeks ago. Some people forget that Apple made a new 52-week low on the first trading session of 2023. In any regard, Intel reported about as bad of a quarter as I can think of. At least when looking at tech. Snap (NYSE:SNAP) didn’t give bulls much to work with either. Yet, both stocks are back to their pre-earnings levels. In other words, Wall Street is giving a pass to most tech stocks on earnings — at least for now. Let’s hear what Qualcomm has to say when it reports. The Chart: On a bullish reaction, let’s see if Qualcomm can trade up to $145, the 78.6% retracement. Above $150 and the key $156 to $160 zone comes into play. On the downside, let’s see if active support comes into play at the 10-day moving average. Below that and $128 needs to hold as support. Hot Stocks for Tomorrow: Ford (F) Click to Enlarge Source: Chart courtesy of TrendSpider Earlier this week, General Motors (NYSE:GM) reported solid earnings, sending shares higher by more than 8% in a single session. Since reporting, the stock is up more than 14%. Investors in Ford (NYSE:F) are hoping for a similar response when it reports on Thursday evening. All three stocks on this list will report after the close and so they’ll be under close watch on Friday morning. Ford has made a lot of progress with its EV push, electrifying the country’s best-selling vehicle, the F-Series pickup, as well as the Mustang Mach-E. Investors will be using GM’s quarter to size up Ford and will want to hear an optimistic outlook as it pertains to 2023. They’ll also want to hear about how a pricing war with its EV offerings will work out. The Chart: The only difference between Ford and GM ahead of earnings? GM was hitting the brakes going into its print while Ford stock is stomping on the gas. Currently up more than 12% over the last three days and we have a mixed picture. On the one hand, Ford stock is breaking out over major resistance. However, it’s rallying hard into the event. If it pulls back, bulls need shares to hold up above the $13 to $13.50 area. On the upside, let’s see if Ford can go quarter-up over $14.67 and clear the 21-month moving average near $15. On the date of publication, Bret Kenwell 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. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. The post SBUX, QCOM, F Predictions: 3 Hot Stocks for Tomorrow 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.	Today we hear from big tech as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) all report earnings tonight. While talking about higher interest rates throughout the year, the market seemingly called Chair Powell’s bluff, rallying risk assets in response. Click to Enlarge Source: Chart courtesy of TrendSpider On Thursday evening, Amazon’s earnings will give us a look at how consumers are behaving online — both last quarter and currently — while Starbucks (NASDAQ:SBUX) will also provide a glimpse into how shoppers are spending.	Today we hear from big tech as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) all report earnings tonight. Click to Enlarge Source: Chart courtesy of TrendSpider On Thursday evening, Amazon’s earnings will give us a look at how consumers are behaving online — both last quarter and currently — while Starbucks (NASDAQ:SBUX) will also provide a glimpse into how shoppers are spending. Click to Enlarge Source: Chart courtesy of TrendSpider When Intel (NASDAQ:INTC) reported earnings, it was a disastrous result.	Today we hear from big tech as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) all report earnings tonight. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As we look to round out a very busy week, investors are looking at the hot stocks for tomorrow, Friday, Feb. 3. Click to Enlarge Source: Chart courtesy of TrendSpider Earlier this week, General Motors (NYSE:GM) reported solid earnings, sending shares higher by more than 8% in a single session.	Today we hear from big tech as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) all report earnings tonight. But what will Qualcomm (NASDAQ:QCOM) have to say when it reports after the close on Thursday? Hot Stocks for Tomorrow: Ford (F)
17282.0	2023-02-02 00:00:00 UTC	Apple's lower iPhone sales drive first profit miss since 2016	AAPL	https://www.nasdaq.com/articles/apples-lower-iphone-sales-drive-first-profit-miss-since-2016	nan	nan	(Adds stock move) By Stephen Nellis Feb 2 (Reuters) - Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company's biggest seller. Shares of Apple fell 5% after publication of the results. Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each product category dropped, except for gains in services and iPads. Earnings per share were $1.88, Apple's first miss of Wall Street's profits expectations since 2016. Analysts had expected sales of $121.1 billion and profits of $1.94 per share, according to IBES data from Refinitiv. Apple Chief Executive Tim Cook told Reuters that the production disruptions that plagued Apple's key quarter were now over. During its fiscal first quarter ended Dec. 31, Apple faced a wave of challenges that left Wall Street expecting lower sales. Chief among those were supply chain pressures when COVID lockdowns at a production facility in Zhengzhou, China, slowed production of iPhone 14 Pro and Pro Max devices, both premium priced models that would traditionally help drive Apple's margins higher. In an interview with Reuters, Cook said that production disruptions "lasted through most of December" but that "production is now back where we want it to be." Cook said the lockdowns in China created a dual challenge where both supply and demand were constrained, with greater China sales falling 7% to $23.9 billion. "When things started to reopen in December (in China), we did see an increase in traffic to our stores as compared to November and an increase in demand as December rolled around," Cook told Reuters. The strong U.S. dollar also hurt Apple, which derives more than half its sales from outside the Americas, but the effect was less than anticipated as the dollar eased from last year's highs. Apple had warned investors that such foreign-exchange issues would put a 10% on drag on sales but said on Thursday that the actual effect was 8%. "I would point out that 8% is still a very severe headwind," Cook told Reuters. "I wouldn't want to underestimate that. We would have grown on a constant currency basis." On top of supply chain problems for the iPhone, Wall Street analysts had expected iPhone sales to fall this year as part of a larger pattern in which the iPhone 14 family released last year sells more slowly after two straight years of strong sales of iPhone 12 and 13 models. Apple said iPhone sales were $65.8 billion, down 8% from the year before and below analyst estimates of $68.3 billion. The company's services segment, which includes content businesses such as Apple TV+ and software business like the App Store, rose 6% to $20.8 billion in revenue, compared with analyst expectations of $20.7 billion, according to Refinitiv data. Cook told Reuters that the company now has a base of 2 billion active devices, up from 1.8 billion a year ago. The company now has 935 million paid subscriptions, up from 900 million the quarter before, and that services sales set a record in several markets, including China, he said. Sales of the company's Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% year over year to $7.7 billion, compared with expectations of $9.6 billion, according to Refinitiv data. Apple executives had warned last year that Mac sales were likely to decline year over year because the previous year's results included a burst of sales associated with the release of new MacBook Pro computers with Apple's house-designed processors. Sales of the iPad, which also saw a pandemic-related boost, grew 30% to $9.4 billion, compared with analyst expectations of $7.8 billion, according to Refinitiv data. The wearable and accessories segment, which includes the Apple Watch and AirPods, fell 8% to $13.5 billion compared with analyst estimates of $15.2 billion, according to Refinitiv data. Cook told Reuters the iPad's strong performance stemmed from the launch of new models and the absence of supply constraints that had hindered sales of the device a year earlier. Apple investors are waiting to see whether the company dives into new markets this year. Technology publication The Information has reported that Apple plans to launch a mixed-reality headset that could retail for around $3,000 this year and is also working on a more affordable follow-up device. Apple is one of the few large technology firms that has not announced major layoffs, though its ranks never grew as rapidly as that of its peers. In late 2022 it said it had 164,000 employees, up less than 20% from its 2019 headcount. By contrast, other companies such as Meta Platforms Inc , which is laying off about 11,000 employees, had roughly doubled its headcount between 2019 and 2022. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Stephen Nellis in San Francisco; Additional reporting by Akash Sriram in Bengaluru; Editing by Peter Henderson and Lisa Shumaker) ((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;)) Keywords: APPLE RESULTS/ (UPDATE 1, PIX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	During its fiscal first quarter ended Dec. 31, Apple faced a wave of challenges that left Wall Street expecting lower sales. Cook told Reuters the iPad's strong performance stemmed from the launch of new models and the absence of supply constraints that had hindered sales of the device a year earlier. Technology publication The Information has reported that Apple plans to launch a mixed-reality headset that could retail for around $3,000 this year and is also working on a more affordable follow-up device.	(Adds stock move) By Stephen Nellis Feb 2 (Reuters) - Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company's biggest seller. On top of supply chain problems for the iPhone, Wall Street analysts had expected iPhone sales to fall this year as part of a larger pattern in which the iPhone 14 family released last year sells more slowly after two straight years of strong sales of iPhone 12 and 13 models. Apple executives had warned last year that Mac sales were likely to decline year over year because the previous year's results included a burst of sales associated with the release of new MacBook Pro computers with Apple's house-designed processors.	(Adds stock move) By Stephen Nellis Feb 2 (Reuters) - Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company's biggest seller. On top of supply chain problems for the iPhone, Wall Street analysts had expected iPhone sales to fall this year as part of a larger pattern in which the iPhone 14 family released last year sells more slowly after two straight years of strong sales of iPhone 12 and 13 models. Apple executives had warned last year that Mac sales were likely to decline year over year because the previous year's results included a burst of sales associated with the release of new MacBook Pro computers with Apple's house-designed processors.	(Adds stock move) By Stephen Nellis Feb 2 (Reuters) - Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company's biggest seller. In an interview with Reuters, Cook said that production disruptions "lasted through most of December" but that "production is now back where we want it to be." Sales of the company's Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% year over year to $7.7 billion, compared with expectations of $9.6 billion, according to Refinitiv data.
17283.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq soars more than 3% on Meta boost, Fed relief	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-soars-more-than-3-on-meta-boost-fed-relief	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Meta jumps on $40 billion share buyback Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Dow 0.27%, S&P 1.49%, Nasdaq 3.24% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted appetite for risky assets. The Facebook parentMETA.O soared 26.9% to a near eight-month high after it announced a new $40 billion share buyback and said it would cut costs in 2023 by $5 billion to between $89 billion and $95 billion. The S&P 500 Value index .IVX housing Meta jumped 2% to more than a year's high. "It certainly seems that markets are up because earnings for Meta were surprisingly positive," said Sam Stovall, chief investment strategist at CFRA Research in New York. Seven of the top 11 S&P 500 sectors advanced, with the communication services sector .SPLRCL, which includes Meta, jumping 6.7% to its highest in five months. Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 3.2% and 6.4% ahead of their quarterly results after markets close. Wall Street's main indexes got a boost as Powell acknowledged that inflation was starting to ease. The U.S. central bank raised rates by 25 basis points on Wednesday. After a bruising 2022, U.S. stocks have made a strong comeback, with megacap companies gaining on hopes that the Fed will ease its hawkish monetary policy stance. "Investors are finally looking beyond the specter of the Federal Reserve raising rates. They see there is an eventual end to the misery of rate hikes and are realizing so many stocks were oversold in the misery of last year," said Peter Andersen, founder of Andersen Capital Management. Meanwhile, data showed jobless claims unexpectedly fell last week to a nine-month low, highlighting the labor market's resilience, ahead of nonfarm payroll numbers on Friday. At 13:23 ET, the Dow Jones Industrial Average .DJI was down 93.07 points, or 0.27%, at 33,999.89, the S&P 500 .SPX was up 61.41 points, or 1.49%, at 4,180.62, and the Nasdaq Composite .IXIC was up 383.38 points, or 3.24%, at 12,199.70. The S&P 500's chart formed a "golden cross" pattern, in which its 50-day moving average vaulted above the 200-day moving average, perceived by many as a bullish signal for near-term momentum. The price-weighted Dow was the only major index in the red after disappointing earnings by some of its components. Honeywell International IncHON.O shed 0.5% after posting a 28.6% fall in quarterly profit. Drugmaker Merck & CoMRK.N slid 4.6% on a lower-than-expected annual forecast, while Eli Lilly & CoLLY.N dropped 5.5% on missing quarterly revenue estimates. Align Technology Inc ALGN.O surged 29.3% to a nine-month high on its first quarterly results beat in a year. Analysts now see earnings of S&P 500 firms declining 2.4% for the quarter, according to Refinitiv estimates. Advancing issues outnumbered decliners by a 2.74-to-1 ratio on the NYSE, and by a 3.15-to-1 ratio on the Nasdaq. The S&P index recorded 33 new 52-week highs and one new low, while the Nasdaq recorded 135 new highs and nine new lows. (Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi and Anil D'Silva) ((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.	Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 3.2% and 6.4% ahead of their quarterly results after markets close. Meta jumps on $40 billion share buyback Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Dow 0.27%, S&P 1.49%, Nasdaq 3.24% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted appetite for risky assets. After a bruising 2022, U.S. stocks have made a strong comeback, with megacap companies gaining on hopes that the Fed will ease its hawkish monetary policy stance.	Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 3.2% and 6.4% ahead of their quarterly results after markets close. Meta jumps on $40 billion share buyback Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Dow 0.27%, S&P 1.49%, Nasdaq 3.24% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted appetite for risky assets. "Investors are finally looking beyond the specter of the Federal Reserve raising rates.	Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 3.2% and 6.4% ahead of their quarterly results after markets close. Meta jumps on $40 billion share buyback Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Dow 0.27%, S&P 1.49%, Nasdaq 3.24% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted appetite for risky assets. At 13:23 ET, the Dow Jones Industrial Average .DJI was down 93.07 points, or 0.27%, at 33,999.89, the S&P 500 .SPX was up 61.41 points, or 1.49%, at 4,180.62, and the Nasdaq Composite .IXIC was up 383.38 points, or 3.24%, at 12,199.70.	Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 3.2% and 6.4% ahead of their quarterly results after markets close. Meta jumps on $40 billion share buyback Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Dow 0.27%, S&P 1.49%, Nasdaq 3.24% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted appetite for risky assets. The S&P 500 Value index .IVX housing Meta jumped 2% to more than a year's high.
17284.0	2023-02-02 00:00:00 UTC	Meta surges on cost cut, buyback plans; lifts mega-cap stocks	AAPL	https://www.nasdaq.com/articles/meta-surges-on-cost-cut-buyback-plans-lifts-mega-cap-stocks	nan	nan	Feb 2 (Reuters) - Shares of Meta Platforms Inc META.O soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier outlook of $94 billion to $100 billion, with CEO Mark Zuckerberg calling 2023 the "Year of Efficiency." The company further boosted investot confidence by forecasting first-quarter sales ahead of Wall Street estimates. If premarket gains hold, the company would add nearly $76 billion to its $401.51 billion market value. The stock slumped about 64% in 2022. "Promising that 2023 will be a year of efficiency was always likely to go down well with investors concerned about the largesse in spending directed towards the unproven potential of the metaverse," said AJ Bell, investment director at Russ Mould. Meta results also sparked a rally in shares of other mega-cap firms that are set to report quarterly results later in the day. Amazon.com Inc AMZN.O and Google owner Alphabet Inc GOOGL.O rose about 4% each, while Apple Inc AAPL.O firmed 1.1%. Shares of social media firm Pinterest Inc PINS.N added about 5.8% after a report that the online pinboards firm was cutting staff by 150, nearly 5% of its workforce, while Snap Inc SNAP.N added 2% a day after ending nearly 10% lower after the company forecast a decline on current-quarter revenue. Rate-sensitive tech and growth stocks also got a boost as U.S. Treasury yields retreated after Federal Reserve chair Jerome Powell acknowledged on Wednesday that inflation was starting to ease. (Reporting by Medha Singh in Bengaluru; Editing by Vinay Dwivedi) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; Twitter: https://twitter.com/medhasinghs;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Amazon.com Inc AMZN.O and Google owner Alphabet Inc GOOGL.O rose about 4% each, while Apple Inc AAPL.O firmed 1.1%. The company further boosted investot confidence by forecasting first-quarter sales ahead of Wall Street estimates. "Promising that 2023 will be a year of efficiency was always likely to go down well with investors concerned about the largesse in spending directed towards the unproven potential of the metaverse," said AJ Bell, investment director at Russ Mould.	Amazon.com Inc AMZN.O and Google owner Alphabet Inc GOOGL.O rose about 4% each, while Apple Inc AAPL.O firmed 1.1%. Feb 2 (Reuters) - Shares of Meta Platforms Inc META.O soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier outlook of $94 billion to $100 billion, with CEO Mark Zuckerberg calling 2023 the "Year of Efficiency."	Amazon.com Inc AMZN.O and Google owner Alphabet Inc GOOGL.O rose about 4% each, while Apple Inc AAPL.O firmed 1.1%. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier outlook of $94 billion to $100 billion, with CEO Mark Zuckerberg calling 2023 the "Year of Efficiency." Shares of social media firm Pinterest Inc PINS.N added about 5.8% after a report that the online pinboards firm was cutting staff by 150, nearly 5% of its workforce, while Snap Inc SNAP.N added 2% a day after ending nearly 10% lower after the company forecast a decline on current-quarter revenue.	Amazon.com Inc AMZN.O and Google owner Alphabet Inc GOOGL.O rose about 4% each, while Apple Inc AAPL.O firmed 1.1%. Feb 2 (Reuters) - Shares of Meta Platforms Inc META.O soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier outlook of $94 billion to $100 billion, with CEO Mark Zuckerberg calling 2023 the "Year of Efficiency."
17285.0	2023-02-02 00:00:00 UTC	Economic Data Deluge	AAPL	https://www.nasdaq.com/articles/economic-data-deluge-6	nan	nan	This morning, we see really terrific numbers on Q4 Productivity — the key to a strong economy outside employment levels, etc. It’s a first read, so subject to revisions in the future, but for now we’ll take it: +3.0% is half a percentage point higher than expected, and more than double the upwardly revised +1.4% the previous quarter. This is the best print in exactly a year. To add to this good news, Q4 Unit Labor Costs came down 40 bps from expectations: +1.1%, nearly half of the previous quarter’s downwardly revised +2.0%, and the smallest month-over-month result since Q1 2021. We haven’t thrown around the term “Goldilocks” too much lately, but this morning, the shoe fits (to mix up fairy tale metaphors — you’re welcome). Initial Jobless Claims also came down last week: 183K was 8K lower than expectations, and even lower than the downwardly revised 186K the previous week. We haven’t seen new jobless claims this low since April of last year — fairly remarkable considering the amount of layoffs we’ve seen, at least in the Tech sector, over the past month or two. Continuing Claims sank, as well, to 1.655 million two weeks ago (Continuing Claims are reported a week in arrears from new claims) from a downwardly revised 1.67 million the previous week. Basically, anything below 2 million longer-term jobless claims can be considered a win for the labor market. And we are currently at historically low levels on long-term jobless claims, even with the aforesaid layoffs. Of course, tomorrow’s nonfarm payroll report from the U.S. Bureau of Labor Statistics (BLS) will be the major guide for how American employment is holding up in our current economic climate. Expectations are for fewer than 200K new jobs created last month — and investors of late have kept one eye open for a downward surprise that has yet to manifest itself, again in light of recent layoffs announced. Elsewhere, we saw earnings beats this morning from Big Pharma players Merck MRK, Bristol Myers-Squibb BMY and Eli Lilly LLY with only Lilly coming up short on the top-line. These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Pre-market futures were flat directly following this morning’s news items, but are now up across the board: the Dow has swung into the green during the writing of this column, +38 points, whixh is matched exactly by the S&P 500. The tech-heavy Nasdaq, already the big outperformer year-to-date, is +250 points at this hour. 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 Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. To add to this good news, Q4 Unit Labor Costs came down 40 bps from expectations: +1.1%, nearly half of the previous quarter’s downwardly revised +2.0%, and the smallest month-over-month result since Q1 2021.	These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Elsewhere, we saw earnings beats this morning from Big Pharma players Merck MRK, Bristol Myers-Squibb BMY and Eli Lilly LLY with only Lilly coming up short on the top-line.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Initial Jobless Claims also came down last week: 183K was 8K lower than expectations, and even lower than the downwardly revised 186K the previous week.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. And we are currently at historically low levels on long-term jobless claims, even with the aforesaid layoffs.
17286.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq futures jump nearly 2% on Meta surge, Fed relief	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-futures-jump-nearly-2-on-meta-surge-fed-relief	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast U.S. weekly jobless claims fall unexpectedly Futures: Nasdaq up 1.70%, S&P up 0.71%, Dow down 0.08% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - Nasdaq futures jumped on Thursday as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Meta Platforms IncMETA.O jumped 19.1% in premarket trading, after the Facebook-parent announced a new $40 billion share buyback and said it would cut costs in 2023 by $5 billion to between $89 billion and $95 billion. Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 1.5% and 4.9%. The three companies are slated to report quarterly results after market close. "It certainly seems that markets are up because earnings for Meta were surprisingly positive," said Sam Stovall, chief investment strategist at CFRA Research in New York. "Investors are also encouraged by the fact that the Fed is sort of tempting that it's done or close to being done with its rate tightening program." Wall Street's main indexes got a boost in the previous session as Powell acknowledged that inflation was starting to ease after the U.S. central bank raised rates by 25 basis points. Powell's comments relieved investors that a U.S. recession, which has been widely priced in, will likely be mild. Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, highlighting that the labor market's resilience, ahead of nonfarm payroll numbers on Friday. After a bruising 2022, U.S. stock markets have made a strong start to the year, with megacap companies gaining on hopes that the Fed will ease its hawkish monetary policy stance, which in turn could alleviate some pressure off their valuations. At 8:44 a.m. ET, Dow e-minis 1YMcv1 were down 28 points, or 0.08%, S&P 500 e-minis EScv1 were up 29.25 points, or 0.71%, and Nasdaq 100 e-minis NQcv1 were up 211 points, or 1.7%. Dow S&P 500 futures were weighed down by Honeywell International IncHON.O that fell 3.3% on posting a 28.6% fall in quarterly profit, hurt by supply chain constraints. Drugmaker and fellow Dow component Merck & Co'sMRK.N, slid 1.2% on a lower-than-expected annual forecast, while Eli Lilly & CoLLY.N fell 2.4% on missing quarterly revenue estimates. Align Technology Inc ALGN.O surged 18.2% on its first quarterly results beat in a year, driven by demand for its orthodontic treatments. As many as 70% of the 200 companies in the S&P 500 that had reported fourth-quarter earnings as of Wednesday have topped Wall Street expectations. Analysts now see earnings of S&P 500 firms declining 2.4% for the quarter, according to Refinitiv estimates. (Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty and Vinay Dwivedi) ((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.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 1.5% and 4.9%. Wall Street's main indexes got a boost in the previous session as Powell acknowledged that inflation was starting to ease after the U.S. central bank raised rates by 25 basis points. After a bruising 2022, U.S. stock markets have made a strong start to the year, with megacap companies gaining on hopes that the Fed will ease its hawkish monetary policy stance, which in turn could alleviate some pressure off their valuations.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 1.5% and 4.9%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast U.S. weekly jobless claims fall unexpectedly Futures: Nasdaq up 1.70%, S&P up 0.71%, Dow down 0.08% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - Nasdaq futures jumped on Thursday as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. The three companies are slated to report quarterly results after market close.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 1.5% and 4.9%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast U.S. weekly jobless claims fall unexpectedly Futures: Nasdaq up 1.70%, S&P up 0.71%, Dow down 0.08% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - Nasdaq futures jumped on Thursday as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Meta Platforms IncMETA.O jumped 19.1% in premarket trading, after the Facebook-parent announced a new $40 billion share buyback and said it would cut costs in 2023 by $5 billion to between $89 billion and $95 billion.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 1.5% and 4.9%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast U.S. weekly jobless claims fall unexpectedly Futures: Nasdaq up 1.70%, S&P up 0.71%, Dow down 0.08% Adds comments, details; updates prices By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - Nasdaq futures jumped on Thursday as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. The three companies are slated to report quarterly results after market close.
17287.0	2023-02-02 00:00:00 UTC	GLOBAL MARKETS-Stocks in Asia surge, dollar eases on Powell's "disinflationary" comment	AAPL	https://www.nasdaq.com/articles/global-markets-stocks-in-asia-surge-dollar-eases-on-powells-disinflationary-comment	nan	nan	By Ankur Banerjee SINGAPORE, Feb 2 (Reuters) - Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite as investors hope the climb in U.S. interest rates will come to an end soon. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.91% higher on Thursday. After shedding nearly 20% last year, the index is up nearly 11% for the year and just had its best January performance since 2012. Japan's Nikkei .N225 rose 0.10%, while Australia's S&P/ASX 200 index .AXJO was 0.14% higher. Chinese stocks .SSEC were 0.11% higher, while Hong Kong's Hang Seng Index .HSI was up nearly 1%. Futures indicated European stocks were likely to continue the rally, with Eurostoxx 50 futures STXEc1 up 0.74%, German DAX futures FDXc1 0.74% higher and FTSE futures FFIc1 up 0.46%. The U.S. Federal Reserve announced an expected 25 basis points interest rate increase after a year of larger hikes and said it had turned a key corner in the fight against a high inflation rate. But policymakers projected "ongoing increases" in borrowing costs would still be needed. Still, the market took a dovish cue from Powell's comments to a news conference on the "disinflationary" process being underway. That helped the S&P 500 and the Nasdaq close sharply higher overnight. .N Ali Hassan, portfolio manager & managing director at Thornburg Investment Management, said Powell was seemingly shrugging off easier financial conditions as a concern in his news conference. "This was a greenlight that the market could buy without feeling that they are fighting the Fed." The prospect of a less aggressive pace in monetary tightening has raised expectations of a so-called soft landing - a scenario in which inflation eases against a backdrop of weakening but resilient economic growth. Powell on Wednesday said that his hopes for an economic soft landing, despite very aggressive interest rate rises, remain alive. "From here on, data will have more weight than what he (Powell) says," said Charu Chanana, market strategist at Saxo Markets in Singapore. "Therefore the risk-on rally will potentially have room to run until economic data surprises substantially to jolt the soft landing narrative that the market has been relying on." BOE, ECB & EARNINGS The focus will now switch to European Central Bank (ECB) and Bank of England (BOE) meetings scheduled for Thursday and the interest rate path the two central banks are likely to take. Saxo Markets strategists said the ECB has surpassed its peers in hawkishness recently, and will likely repeat that this week. The BOE will likely be the trickiest to predict given indecisive market pricing as well as the scope for a split vote, they said. In the corporate world, Meta Platforms Inc META.O unveiled stricter cost controls this year and a new $40 billion share buyback, with CEO Mark Zuckerberg calling 2023 the "Year of Efficiency." Meta stock surged in after market trading, lifting Nasdaq futures NQcv1 up 1%. E-mini futures for the S&P 500 EScv1 rose 0.34%. All eyes will be on earnings from Apple AAPL.O and Amazon AMZN.O later on Thursday. In the currency market, the dollar spiked lower following Powell's remarks, with the U.S. dollar index =USD, which measures the currency against six major peers, falling to a fresh nine-month low of 100.80 on Wednesday. It was last at 100.89 on Thursday. The euro EUR=EBS was up 0.27% to $1.1019. The yen JPY=EBS strengthened 0.41% to 128.43 per dollar, while sterling GBP=D3 was last trading at $1.2388, up 0.10% on the day. Spot gold XAU= added 0.2% to $1,953.44 an ounce, having touched nine-month high of $1,957 per ounce earlier. West Texas Intermediate (WTI) U.S. crude CLc1 rose 1.06% to $77.22 per barrel and Brent LCOc1 was at $83.59, up 0.91% on the day. O/R World FX rates YTDhttp://tmsnrt.rs/2egbfVh Global asset performancehttp://tmsnrt.rs/2yaDPgn Asian stock marketshttps://tmsnrt.rs/2zpUAr4 (Reporting by Ankur Banerjee; Editing by Simon Cameron-Moore) ((ankur.banerjee@thomsonreuters.com;; Mobile - +65 8121 3925; Twitter: @AnkurBanerjee17;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	All eyes will be on earnings from Apple AAPL.O and Amazon AMZN.O later on Thursday. By Ankur Banerjee SINGAPORE, Feb 2 (Reuters) - Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite as investors hope the climb in U.S. interest rates will come to an end soon. The prospect of a less aggressive pace in monetary tightening has raised expectations of a so-called soft landing - a scenario in which inflation eases against a backdrop of weakening but resilient economic growth.	All eyes will be on earnings from Apple AAPL.O and Amazon AMZN.O later on Thursday. By Ankur Banerjee SINGAPORE, Feb 2 (Reuters) - Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite as investors hope the climb in U.S. interest rates will come to an end soon. Powell on Wednesday said that his hopes for an economic soft landing, despite very aggressive interest rate rises, remain alive.	All eyes will be on earnings from Apple AAPL.O and Amazon AMZN.O later on Thursday. By Ankur Banerjee SINGAPORE, Feb 2 (Reuters) - Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite as investors hope the climb in U.S. interest rates will come to an end soon. Futures indicated European stocks were likely to continue the rally, with Eurostoxx 50 futures STXEc1 up 0.74%, German DAX futures FDXc1 0.74% higher and FTSE futures FFIc1 up 0.46%.	All eyes will be on earnings from Apple AAPL.O and Amazon AMZN.O later on Thursday. By Ankur Banerjee SINGAPORE, Feb 2 (Reuters) - Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a "disinflationary" process was underway, boosting risk appetite as investors hope the climb in U.S. interest rates will come to an end soon. Meta stock surged in after market trading, lifting Nasdaq futures NQcv1 up 1%.
17288.0	2023-02-02 00:00:00 UTC	Apple (AAPL) Q1 2023 Earnings: What to Expect	AAPL	https://www.nasdaq.com/articles/apple-aapl-q1-2023-earnings-what-to-expect	nan	nan	S hares of Apple (AAPL), which have risen about 15% year to date, more than twice the S&P 500, have been one of the better-performing names in tech since the new year began. The tech giant has benefited from, among other things, the re-opening of China, its second-largest market. However, when it comes to the U.S. market, there is still concern regarding the strength of the consumer amid rising inflation and a possible recession. This continues to raise the question of whether the company, which is highly reliant on iPhone sales, can ever return to its glory days of high growth? And if not, will the Services segment grow fast enough to make up the difference? These answers will be more clear when the company reports first quarter fiscal 2023 earnings results after the closing bell Thursday. Although Apple ended 2022 as the world's most valuable company, it suffered a massive market cap decline of roughly $755 billion, ending the year with a market valuation of $2.07 trillion after reaching $3 trillion to start the year. Supply chain disruptions and rising inflation have been among the many events that have pressured the company's revenue and profits, causing the company to miss iPhone sales estimates in Q4. Operating headwinds have also been compounded by uncertainty related to global growth slowdown, prompting the company to remove Q1 2023 guidance. Still, it’s still hard to ignore the attractive valuation in Apple heading into 2023. While iPhone sales generate a sizable portion of revenues (accounts for 47% of sales), Apple’s collective high-margin Services segment in 2022 generated a gross margin of 72%, compared to 36% for hardware and devices. The company is poised to see stronger revenue growth and margin expansion, thanks to price increases on Apple Music, TV+ and its One bundle. With a consensus price target of $176, which suggests 30% upside from current levels, the risk-vs.-reward for the stock is attractive. In the three months that ended December, Wall Street expect the Cupertino, Calif.-based tech giant to earn $1.95 per share on revenue of $121.9 billion. This compares to the year-ago quarter when earnings came to $2.10 per share on revenue of $123.94 billion. For the full year, earnings are expected to rise 1% year over year to $6.17 per share, while full-year revenue of $402.54 billion will rise 2.1% year over year. The fact that Apple’s full-year revenue and profits are expected to rise just 2% and 1%, respectively, highlights the struggles consumers are facing amid the inflationary climate. Although consumer wages are rising within the monthly job reports, wages have not kept up with the rising costs of living. This trend had a noticeable impact on Apple’s quarterly results, though the company beat on both the top and bottom lines. In Q4 Apple earned $1.29 per share on revenue of $90.1 billion, topping estimates of $1.27 per share on revenue of $88.8 billion. However, the company miss iPhone sales estimates which came in a $42.6 billion, compared to estimates of $43.4 billion. The Services business, which includes subscriptions to products such as Apple TV+, iCloud storage and Apple Music, rose by 5%, to $19.2 billion. The company continues to do solid job executing amid the macro challenges. On Thursday investors will be watching closely to see whether (or how) inflation might have impacted spending on Apple’s pricey hardware. The company’s guidance for the next quarter and full year will also be a gauge on the strength of the consumer. Investors will also want an update on the supply issues and its impact on iPhone shipments. Meanwhile, the positive trajectory of Services growth and the company’s gross margin guidance will be key drivers for how Apple stock responds immediately after the report. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	hares of Apple (AAPL), which have risen about 15% year to date, more than twice the S&P 500, have been one of the better-performing names in tech since the new year began. In the three months that ended December, Wall Street expect the Cupertino, Calif.-based tech giant to earn $1.95 per share on revenue of $121.9 billion. The fact that Apple’s full-year revenue and profits are expected to rise just 2% and 1%, respectively, highlights the struggles consumers are facing amid the inflationary climate.	hares of Apple (AAPL), which have risen about 15% year to date, more than twice the S&P 500, have been one of the better-performing names in tech since the new year began. Supply chain disruptions and rising inflation have been among the many events that have pressured the company's revenue and profits, causing the company to miss iPhone sales estimates in Q4. For the full year, earnings are expected to rise 1% year over year to $6.17 per share, while full-year revenue of $402.54 billion will rise 2.1% year over year.	hares of Apple (AAPL), which have risen about 15% year to date, more than twice the S&P 500, have been one of the better-performing names in tech since the new year began. Although Apple ended 2022 as the world's most valuable company, it suffered a massive market cap decline of roughly $755 billion, ending the year with a market valuation of $2.07 trillion after reaching $3 trillion to start the year. For the full year, earnings are expected to rise 1% year over year to $6.17 per share, while full-year revenue of $402.54 billion will rise 2.1% year over year.	hares of Apple (AAPL), which have risen about 15% year to date, more than twice the S&P 500, have been one of the better-performing names in tech since the new year began. Supply chain disruptions and rising inflation have been among the many events that have pressured the company's revenue and profits, causing the company to miss iPhone sales estimates in Q4. While iPhone sales generate a sizable portion of revenues (accounts for 47% of sales), Apple’s collective high-margin Services segment in 2022 generated a gross margin of 72%, compared to 36% for hardware and devices.
17289.0	2023-02-02 00:00:00 UTC	TQQQ, KFYP: Big ETF Outflows	AAPL	https://www.nasdaq.com/articles/tqqq-kfyp%3A-big-etf-outflows	nan	nan	Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,450,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 2.4%, and Microsoft is up by about 2.5%. And on a percentage change basis, the ETF with the biggest outflow was the KFYP ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KFYP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Among the largest underlying components of TQQQ, in morning trading today Apple is up about 2.4%, and Microsoft is up by about 2.5%. And on a percentage change basis, the ETF with the biggest outflow was the KFYP ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KFYP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,450,000 units were destroyed, or a 3.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KFYP ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KFYP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,450,000 units were destroyed, or a 3.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KFYP ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: TQQQ, KFYP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro QQQ, where 18,450,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 2.4%, and Microsoft is up by about 2.5%. And on a percentage change basis, the ETF with the biggest outflow was the KFYP ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
17290.0	2023-02-02 00:00:00 UTC	Noteworthy ETF Inflows: SPGM, AAPL, MSFT, AMZN	AAPL	https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-spgm-aapl-msft-amzn	nan	nan	Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio MSCI Global Stock Market ETF (Symbol: SPGM) where we have detected an approximate $109.0 million dollar inflow -- that's a 19.8% increase week over week in outstanding units (from 10,850,000 to 13,000,000). Among the largest underlying components of SPGM, in trading today Apple Inc (Symbol: AAPL) is up about 2.5%, Microsoft Corporation (Symbol: MSFT) is up about 2.5%, and Amazon.com Inc (Symbol: AMZN) is higher by about 5%. For a complete list of holdings, visit the SPGM Holdings page » The chart below shows the one year price performance of SPGM, versus its 200 day moving average: Looking at the chart above, SPGM's low point in its 52 week range is $41.67 per share, with $56.59 as the 52 week high point — that compares with a last trade of $50.91. 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: CTV Average Annual Return NEFF Insider Buying GDEN Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Among the largest underlying components of SPGM, in trading today Apple Inc (Symbol: AAPL) is up about 2.5%, Microsoft Corporation (Symbol: MSFT) is up about 2.5%, and Amazon.com Inc (Symbol: AMZN) is higher by about 5%. 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.	Among the largest underlying components of SPGM, in trading today Apple Inc (Symbol: AAPL) is up about 2.5%, Microsoft Corporation (Symbol: MSFT) is up about 2.5%, and Amazon.com Inc (Symbol: AMZN) is higher by about 5%. For a complete list of holdings, visit the SPGM Holdings page » The chart below shows the one year price performance of SPGM, versus its 200 day moving average: Looking at the chart above, SPGM's low point in its 52 week range is $41.67 per share, with $56.59 as the 52 week high point — that compares with a last trade of $50.91. 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''.	Among the largest underlying components of SPGM, in trading today Apple Inc (Symbol: AAPL) is up about 2.5%, Microsoft Corporation (Symbol: MSFT) is up about 2.5%, and Amazon.com Inc (Symbol: AMZN) is higher by about 5%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio MSCI Global Stock Market ETF (Symbol: SPGM) where we have detected an approximate $109.0 million dollar inflow -- that's a 19.8% increase week over week in outstanding units (from 10,850,000 to 13,000,000). For a complete list of holdings, visit the SPGM Holdings page » The chart below shows the one year price performance of SPGM, versus its 200 day moving average: Looking at the chart above, SPGM's low point in its 52 week range is $41.67 per share, with $56.59 as the 52 week high point — that compares with a last trade of $50.91.	Among the largest underlying components of SPGM, in trading today Apple Inc (Symbol: AAPL) is up about 2.5%, Microsoft Corporation (Symbol: MSFT) is up about 2.5%, and Amazon.com Inc (Symbol: AMZN) is higher by about 5%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio MSCI Global Stock Market ETF (Symbol: SPGM) where we have detected an approximate $109.0 million dollar inflow -- that's a 19.8% increase week over week in outstanding units (from 10,850,000 to 13,000,000). For a complete list of holdings, visit the SPGM Holdings page » The chart below shows the one year price performance of SPGM, versus its 200 day moving average: Looking at the chart above, SPGM's low point in its 52 week range is $41.67 per share, with $56.59 as the 52 week high point — that compares with a last trade of $50.91.
17291.0	2023-02-02 00:00:00 UTC	Why Cloudflare Stock Was Soaring on Thursday	AAPL	https://www.nasdaq.com/articles/why-cloudflare-stock-was-soaring-on-thursday	nan	nan	What happened Shares of Cloudflare (NYSE: NET) were up by 16.3% as of 1:20 p.m. ET on Thursday following positive analyst comments from MoffettNathson regarding the company's exposure to opportunities in the rapid adoption of artificial intelligence. So what Cloudflare's expansive server network already improves the performance and security of many popular websites, but MoffettNathson analyst Sterling Auty noted that the company has a huge opportunity in AI. It already handles the security for popular applications such as OpenAI's ChatGPT and Apple's iCloud Private Relay service. The stock fell hard last year as investors worried about macroeconomic headwinds and the possibility that companies would scale back their spending on cloud services. In addition, according to Auty, some investors might be nervous about the collapse in cryptocurrency prices and how that could impact Cloudflare, which counts some popular crypto exchanges among its clients. Still, Cloudflare continued to report strong revenue growth last year. In Q3 -- its most recently reported quarter -- its top line rose by 47% year over year as it surpassed $1 billion in annualized revenue. Data by YCharts. Now what AI is, indeed, a tailwind that investors should pay attention to over the long term. Two years ago, Cloudflare partnered with Nvidia to deploy graphics processing units (GPUs) to run AI-based applications on edge servers in the company's data centers around the world. Overall, management believes its total addressable market will expand by 35% over the next few years to $135 billion as it continues to introduce new services for its network customers. The stock might look expensive based on its current price-to-sales ratio of 23, but the company's rate of growth and its opportunities to expand its service offerings could prove to be incredibly valuable over time. 10 stocks we like better than Cloudflare 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 Cloudflare 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 John Ballard has positions in Cloudflare. The Motley Fool has positions in and recommends Apple, Cloudflare, 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.	So what Cloudflare's expansive server network already improves the performance and security of many popular websites, but MoffettNathson analyst Sterling Auty noted that the company has a huge opportunity in AI. Two years ago, Cloudflare partnered with Nvidia to deploy graphics processing units (GPUs) to run AI-based applications on edge servers in the company's data centers around the world. The stock might look expensive based on its current price-to-sales ratio of 23, but the company's rate of growth and its opportunities to expand its service offerings could prove to be incredibly valuable over time.	Still, Cloudflare continued to report strong revenue growth last year. The Motley Fool has positions in and recommends Apple, Cloudflare, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.	Two years ago, Cloudflare partnered with Nvidia to deploy graphics processing units (GPUs) to run AI-based applications on edge servers in the company's data centers around the world. 10 stocks we like better than Cloudflare 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 John Ballard has positions in Cloudflare.	So what Cloudflare's expansive server network already improves the performance and security of many popular websites, but MoffettNathson analyst Sterling Auty noted that the company has a huge opportunity in AI. 10 stocks we like better than Cloudflare When our award-winning analyst team has a stock tip, it can pay to listen. The Motley Fool has positions in and recommends Apple, Cloudflare, and Nvidia.
17292.0	2023-02-02 00:00:00 UTC	Dow Movers: TRV, HD	AAPL	https://www.nasdaq.com/articles/dow-movers%3A-trv-hd	nan	nan	In early trading on Thursday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. Year to date, Home Depot registers a 6.8% gain. And the worst performing Dow component thus far on the day is Travelers Companies, trading down 4.1%. Travelers Companies is lower by about 5.3% looking at the year to date performance. Two other components making moves today are Amgen, trading down 3.9%, and Apple, trading up 2.7% on the day. VIDEO: Dow Movers: TRV, HD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In early trading on Thursday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. And the worst performing Dow component thus far on the day is Travelers Companies, trading down 4.1%. Travelers Companies is lower by about 5.3% looking at the year to date performance.	In early trading on Thursday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. Year to date, Home Depot registers a 6.8% gain. And the worst performing Dow component thus far on the day is Travelers Companies, trading down 4.1%.	In early trading on Thursday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. And the worst performing Dow component thus far on the day is Travelers Companies, trading down 4.1%. Two other components making moves today are Amgen, trading down 3.9%, and Apple, trading up 2.7% on the day.	In early trading on Thursday, shares of Home Depot topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. And the worst performing Dow component thus far on the day is Travelers Companies, trading down 4.1%. VIDEO: Dow Movers: TRV, HD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
17293.0	2023-02-02 00:00:00 UTC	Goldilocks Econ Data Presides Over Pre-Market	AAPL	https://www.nasdaq.com/articles/goldilocks-econ-data-presides-over-pre-market	nan	nan	Thursday, February 2nd, 2023 This morning, we see really terrific numbers on Q4 Productivity — the key to a strong economy outside employment levels, etc. It’s a first read, so subject to revisions in the future, but for now we’ll take it: +3.0% is half a percentage point higher than expected, and more than double the upwardly revised +1.4% the previous quarter. This is the best print in exactly a year. To add to this good news, Q4 Unit Labor Costs came down 40 bps from expectations: +1.1%, nearly half of the previous quarter’s downwardly revised +2.0%, and the smallest month-over-month result since Q1 2021. We haven’t thrown around the term “Goldilocks” too much lately, but this morning, the shoe fits (to mix up fairy tale metaphors — you’re welcome). Initial Jobless Claims also came down last week: 183K was 8K lower than expectations, and even lower than the downwardly revised 186K the previous week. We haven’t seen new jobless claims this low since April of last year — fairly remarkable considering the amount of layoffs we’ve seen, at least in the Tech sector, over the past month or two. Continuing Claims sank, as well, to 1.655 million two weeks ago (Continuing Claims are reported a week in arrears from new claims) from a downwardly revised 1.67 million the previous week. Basically, anything below 2 million longer-term jobless claims can be considered a win for the labor market. And we are currently at historically low levels on long-term jobless claims, even with the aforesaid layoffs. Of course, tomorrow’s nonfarm payroll report from the U.S. Bureau of Labor Statistics (BLS) will be the major guide for how American employment is holding up in our current economic climate. Expectations are for fewer than 200K new jobs created last month — and investors of late have kept one eye open for a downward surprise that has yet to manifest itself, again in light of recent layoffs announced. Elsewhere, we saw earnings beats this morning from Big Pharma players Merck MRK, Bristol Myers-Squibb BMY and Eli Lilly LLY, with only Lilly coming up short on the top-line. These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Pre-market futures were flat directly following this morning’s news items, but are now up across the board: the Dow has swung into the green during the writing of this column, +38 points, whixh is matched exactly by the S&P 500. The tech-heavy Nasdaq, already the big outperformer year-to-date, is +250 points at this hour. For more on MRK’s earnings, click here. For more on BMY’s earnings, click here. For more on LLY’s earnings, click here. Questions or comments about this article and/or its author? Click here>> 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 Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. To add to this good news, Q4 Unit Labor Costs came down 40 bps from expectations: +1.1%, nearly half of the previous quarter’s downwardly revised +2.0%, and the smallest month-over-month result since Q1 2021.	These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Elsewhere, we saw earnings beats this morning from Big Pharma players Merck MRK, Bristol Myers-Squibb BMY and Eli Lilly LLY, with only Lilly coming up short on the top-line.	These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. Continuing Claims sank, as well, to 1.655 million two weeks ago (Continuing Claims are reported a week in arrears from new claims) from a downwardly revised 1.67 million the previous week.	Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here. These figures follow Pfizer’s PFE big quarter earlier this week, and they pre-date the big afternoon coming up this earnings season: Apple AAPL, Amazon AMZN and Alphabet GOOGL all report results after today’s closing bell. And we are currently at historically low levels on long-term jobless claims, even with the aforesaid layoffs.
17294.0	2023-02-02 00:00:00 UTC	US STOCKS-Nasdaq jumps more than 2% on Meta surge, Fed relief	AAPL	https://www.nasdaq.com/articles/us-stocks-nasdaq-jumps-more-than-2-on-meta-surge-fed-relief	nan	nan	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Nasdaq up 2.14%, S&P up 0.85%, Dow down 0.54% Updates prices to open, adds details By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Meta Platforms IncMETA.O soared 21.1% to a near eight-month high after the Facebook-parent announced a new $40 billion share buyback and said it would cut costs in 2023 by $5 billion to between $89 billion and $95 billion. Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 2.2% and 6.4%. The three companies are slated to report quarterly results after market close. Five of the top 11 S&P 500 sectors advanced, with the communication services sector .SPLRCL, which includes Meta and other growth stocks, jumping 5.6% to its highest in five months. "It certainly seems that markets are up because earnings for Meta were surprisingly positive," said Sam Stovall, chief investment strategist at CFRA Research in New York. "Investors are also encouraged by the fact that the Fed is sort of tempting that it's done or close to being done with its rate tightening program." Wall Street's main indexes got a boost in the previous session as Powell acknowledged that inflation was starting to ease after the U.S. central bank raised rates by 25 basis points. Powell's comments relieved investors that a U.S. recession, which has been widely priced in, will likely be mild. Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a nine-month low, highlighting the labor market's resilience, ahead of nonfarm payroll numbers on Friday. After a bruising 2022, U.S. stock markets have made a strong start to the year, with megacap companies gaining on hopes that the Fed will ease its hawkish monetary policy stance, which in turn could alleviate some pressure off their valuations. At 10:21 a.m. ET, the Dow Jones Industrial Average .DJI was down 185.50 points, or 0.54%, at 33,907.46, the S&P 500 .SPX was up 34.99 points, or 0.85%, at 4,154.20, and the Nasdaq Composite .IXIC was up 253.10 points, or 2.14%, at 12,069.42. The Dow was dragged down by bleak earnings, with Honeywell International IncHON.O down 2.4% after posting a 28.6% fall in quarterly profit. Drugmaker Merck & Co'sMRK.N slid 2.7% on a lower-than-expected annual forecast, while Eli Lilly & CoLLY.N dropped 5.2% on missing quarterly revenue estimates. Align Technology Inc ALGN.O surged 25.4% to a nine-month high on its first quarterly results beat in a year. As many as 70% of nearly half of the S&P 500 firms that reported fourth-quarter earnings have topped Wall Street expectations. Analysts now see earnings of S&P 500 firms declining 2.4% for the quarter, according to Refinitiv estimates. Advancing issues outnumbered decliners by a 2.06-to-1 ratio on the NYSE and by a 2.47-to-1 ratio on the Nasdaq. The S&P index recorded 26 new 52-week highs and one new low, while the Nasdaq posted 98 new highs and six new lows. (Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty and Vinay Dwivedi) ((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.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 2.2% and 6.4%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Nasdaq up 2.14%, S&P up 0.85%, Dow down 0.54% Updates prices to open, adds details By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Wall Street's main indexes got a boost in the previous session as Powell acknowledged that inflation was starting to ease after the U.S. central bank raised rates by 25 basis points.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 2.2% and 6.4%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Nasdaq up 2.14%, S&P up 0.85%, Dow down 0.54% Updates prices to open, adds details By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Five of the top 11 S&P 500 sectors advanced, with the communication services sector .SPLRCL, which includes Meta and other growth stocks, jumping 5.6% to its highest in five months.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 2.2% and 6.4%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Nasdaq up 2.14%, S&P up 0.85%, Dow down 0.54% Updates prices to open, adds details By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Meta Platforms IncMETA.O soared 21.1% to a near eight-month high after the Facebook-parent announced a new $40 billion share buyback and said it would cut costs in 2023 by $5 billion to between $89 billion and $95 billion.	Shares of other growth companies including Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O rose between 2.2% and 6.4%. Meta jumps on $40 billion share buyback Honeywell pushes Dow futures lower on Q4 miss Merck slides on disappointing forecast Align Technology climbs to nine-month high U.S. weekly jobless claims fall to nine-month low Indexes: Nasdaq up 2.14%, S&P up 0.85%, Dow down 0.54% Updates prices to open, adds details By Shreyashi Sanyal and Johann M Cherian Feb 2 (Reuters) - The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. The three companies are slated to report quarterly results after market close.
17295.0	2023-02-02 00:00:00 UTC	Apple Q1 23 Earnings Conference Call At 5:00 PM ET	AAPL	https://www.nasdaq.com/articles/apple-q1-23-earnings-conference-call-at-5%3A00-pm-et	nan	nan	(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on February 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investor.apple.com/investor-relations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on February 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investor.apple.com/investor-relations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on February 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investor.apple.com/investor-relations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on February 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investor.apple.com/investor-relations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on February 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investor.apple.com/investor-relations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
17296.0	2023-02-02 00:00:00 UTC	Meta mojo is back: Earnings surprise sparks share surge, lifts Big Tech	AAPL	https://www.nasdaq.com/articles/meta-mojo-is-back%3A-earnings-surprise-sparks-share-surge-lifts-big-tech	nan	nan	By Aditya Soni and Medha Singh Feb 2 (Reuters) - Meta Platforms Inc META.O shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company was set to add around $75 billion to its market value and would post its best day in a decade, if gains hold. Meta stock surge also sparked a rally in shares of mega-caps Amazon.com AMZN.O, Apple Inc AAPL.O and Alphabet Inc GOOGL.O, all of which sport market values of more than $1 trillionand report earnings after market close. Meta's move on Wednesday to rein in costs was a dramatic shift for a company that has spent billions of dollars to turn its vision of the futuristic metaverse into a reality even while its core business reeled from stiff competition and a weak advertising market. The results prompted at least 19 analysts to boost their price targets on the stock, with several saying that a combination of lower costs, upbeat revenue growth and share buybacks will drive up earnings per share. "That is rare", analysts at Evercorse ISI said, referring to the positive developments. "And stocks react to rare." The results also provided some relief to the market after an earnings meltdown at Snap Inc SNAP.N on Tuesday that had sent the tech sector's shares lower. "After Snap's disaster, the fact that Meta wasn't quite so bad has brought encouragement to tech mega-caps," said Fiona Cincotta, analyst at City Index. "There is also a less hawkish Fed which is also boosting demand for growth and tech stocks generally." 'YEAR OF EFFICIENCY' Meta now expects its 2023 expenses between $89 billion and $95 billion, a sharp drop from its previous outlook of $94 billion to $100 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency." The forecast reflects savings from the 11,000 job cuts it announced in November, plans for lower data-center construction expenses and moves to drop non-crucial projects. "Promising that 2023 will be a year of efficiency was always likely to go down well with investors concerned about the largesse in spending directed towards the unproven potential of the metaverse," said AJ Bell, investment director at Russ Mould. There were also signs that Meta's core social-media business was getting back on track, with monetization efficiency for short-form video Reels on Facebook doubling and the business being on track to break-even as soon as end of 2023. The company, which forecast first-quarter revenue above market estimates, also said that Facebook's daily active user base grew to 2 billion, from 1.98 billion in the prior quarter. "Meta is getting its mojo back," analysts at Baird said. (Reporting by Medha Singh and Aditya Soni in Bengaluru; Editing by Vinay Dwivedi) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; Twitter: https://twitter.com/medhasinghs;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Meta stock surge also sparked a rally in shares of mega-caps Amazon.com AMZN.O, Apple Inc AAPL.O and Alphabet Inc GOOGL.O, all of which sport market values of more than $1 trillionand report earnings after market close. By Aditya Soni and Medha Singh Feb 2 (Reuters) - Meta Platforms Inc META.O shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. Meta's move on Wednesday to rein in costs was a dramatic shift for a company that has spent billions of dollars to turn its vision of the futuristic metaverse into a reality even while its core business reeled from stiff competition and a weak advertising market.	Meta stock surge also sparked a rally in shares of mega-caps Amazon.com AMZN.O, Apple Inc AAPL.O and Alphabet Inc GOOGL.O, all of which sport market values of more than $1 trillionand report earnings after market close. By Aditya Soni and Medha Singh Feb 2 (Reuters) - Meta Platforms Inc META.O shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The results prompted at least 19 analysts to boost their price targets on the stock, with several saying that a combination of lower costs, upbeat revenue growth and share buybacks will drive up earnings per share.	Meta stock surge also sparked a rally in shares of mega-caps Amazon.com AMZN.O, Apple Inc AAPL.O and Alphabet Inc GOOGL.O, all of which sport market values of more than $1 trillionand report earnings after market close. By Aditya Soni and Medha Singh Feb 2 (Reuters) - Meta Platforms Inc META.O shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The results prompted at least 19 analysts to boost their price targets on the stock, with several saying that a combination of lower costs, upbeat revenue growth and share buybacks will drive up earnings per share.	Meta stock surge also sparked a rally in shares of mega-caps Amazon.com AMZN.O, Apple Inc AAPL.O and Alphabet Inc GOOGL.O, all of which sport market values of more than $1 trillionand report earnings after market close. The results prompted at least 19 analysts to boost their price targets on the stock, with several saying that a combination of lower costs, upbeat revenue growth and share buybacks will drive up earnings per share. There were also signs that Meta's core social-media business was getting back on track, with monetization efficiency for short-form video Reels on Facebook doubling and the business being on track to break-even as soon as end of 2023.
17297.0	2023-02-02 00:00:00 UTC	ESGU's Holdings Imply 11% Gain Potential	AAPL	https://www.nasdaq.com/articles/esgus-holdings-imply-11-gain-potential	nan	nan	Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares ESG Aware MSCI USA ETF (Symbol: ESGU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $100.87 per unit. With ESGU trading at a recent price near $91.21 per unit, that means that analysts see 10.59% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of ESGU's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Apple Inc (Symbol: AAPL), and Essential Utilities Inc (Symbol: WTRG). Although VEEV has traded at a recent price of $173.37/share, the average analyst target is 19.59% higher at $207.33/share. Similarly, AAPL has 18.30% upside from the recent share price of $145.43 if the average analyst target price of $172.05/share is reached, and analysts on average are expecting WTRG to reach a target price of $55.12/share, which is 14.60% above the recent price of $48.10. Below is a twelve month price history chart comparing the stock performance of VEEV, AAPL, and WTRG: Combined, VEEV, AAPL, and WTRG represent 6.60% of the iShares ESG Aware MSCI USA ETF. Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares ESG Aware MSCI USA ETF ESGU $91.21 $100.87 10.59% Veeva Systems Inc VEEV $173.37 $207.33 19.59% Apple Inc AAPL $145.43 $172.05 18.30% Essential Utilities Inc WTRG $48.10 $55.12 14.60% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: SLAC YTD Return PWR Stock Predictions Funds Holding ELBM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Below is a twelve month price history chart comparing the stock performance of VEEV, AAPL, and WTRG: Combined, VEEV, AAPL, and WTRG represent 6.60% of the iShares ESG Aware MSCI USA ETF. iShares ESG Aware MSCI USA ETF ESGU $91.21 $100.87 10.59% Veeva Systems Inc VEEV $173.37 $207.33 19.59% Apple Inc AAPL $145.43 $172.05 18.30% Essential Utilities Inc WTRG $48.10 $55.12 14.60% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of ESGU's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Apple Inc (Symbol: AAPL), and Essential Utilities Inc (Symbol: WTRG).	Three of ESGU's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Apple Inc (Symbol: AAPL), and Essential Utilities Inc (Symbol: WTRG). Below is a twelve month price history chart comparing the stock performance of VEEV, AAPL, and WTRG: Combined, VEEV, AAPL, and WTRG represent 6.60% of the iShares ESG Aware MSCI USA ETF. iShares ESG Aware MSCI USA ETF ESGU $91.21 $100.87 10.59% Veeva Systems Inc VEEV $173.37 $207.33 19.59% Apple Inc AAPL $145.43 $172.05 18.30% Essential Utilities Inc WTRG $48.10 $55.12 14.60% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?	Similarly, AAPL has 18.30% upside from the recent share price of $145.43 if the average analyst target price of $172.05/share is reached, and analysts on average are expecting WTRG to reach a target price of $55.12/share, which is 14.60% above the recent price of $48.10. Three of ESGU's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Apple Inc (Symbol: AAPL), and Essential Utilities Inc (Symbol: WTRG). Below is a twelve month price history chart comparing the stock performance of VEEV, AAPL, and WTRG: Combined, VEEV, AAPL, and WTRG represent 6.60% of the iShares ESG Aware MSCI USA ETF.	Three of ESGU's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Apple Inc (Symbol: AAPL), and Essential Utilities Inc (Symbol: WTRG). Similarly, AAPL has 18.30% upside from the recent share price of $145.43 if the average analyst target price of $172.05/share is reached, and analysts on average are expecting WTRG to reach a target price of $55.12/share, which is 14.60% above the recent price of $48.10. Below is a twelve month price history chart comparing the stock performance of VEEV, AAPL, and WTRG: Combined, VEEV, AAPL, and WTRG represent 6.60% of the iShares ESG Aware MSCI USA ETF.
17298.0	2023-02-02 00:00:00 UTC	The 3 Most Promising Metaverse Stocks to Buy in February	AAPL	https://www.nasdaq.com/articles/the-3-most-promising-metaverse-stocks-to-buy-in-february	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Metaverse stocks seem to be ready to heat up, but not all of them are created equal. The concept of building integrated virtual online environments, the metaverse, has the potential to revolutionize how we live, work, and play. Market research suggests this cutting-edge industry could be worth over $700 billion by 2030, pointing to a massive upside ahead for metaverse stocks to buy Though the initial excitement seemed to have died down, investment opportunities in metaverse stocks remain as exciting as ever. Many well-established names looking to commercialize the metaverse have plenty of potential to provide investors with a great way to profit from the trend. Hence, it may be the best time for investors to jump on opportunities related to the metaverse, ensuring steady growth for years to come. U Unity Software $34.66 AAPL Apple $142.06 AMZN Amazon $102.68 Unity Software (U) Source: viewimage / Shutterstock.com Unity Software (NYSE:U) has revolutionized how we play video games and interact with virtual worlds. Its powerful 3D video game engine allows designers to create realistic visuals and customizable user experiences. Unity’s cutting-edge technology also offers possibilities for industrial, architectural, animation and other industries. CEO John Riccitiello’s bold vision of the metaverse further solidifies Unity’s growing role in advancing the sector. Unity’s incredible software suite is leading the charge into a new era of gaming tech. With its comprehensive platform and unbeatable tools, Unity has over 60% of the video game engine market. As we edge ever closer to greater immersion with virtual and augmented reality technology, Unity’s growth prospects are incredibly exciting. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) is set to revolutionize the industry with its cutting-edge mixed-reality headset. As reported by Bloomberg, it will be powered by the company’s M1 chip and will be equipped with a custom-made operating system and App Store suited for mixed-reality apps. Apple will reportedly reveal it ahead of its Worldwide Developers Conference in June before finally releasing it to consumers in fall 2023. Already, a small group of developers have received units for testing and have begun creating their apps for the upcoming device. Industry experts agree that the new headset has the potential to be a game changer for the niche and Apple’s foray into the metaverse sector. Amazon (AMZN) Source: Tada Images / Shutterstock.com Although Amazon (NASDAQ:AMZN) isn’t a metaverse pure-play, it stands to benefit immensely. After all, Amazon Web Services (AWS) is the largest cloud-hosting provider in the world, and the metaverse will likely run on the cloud. So far, AWS has experienced massive success, with revenues from the division growing rapidly. Analysts suggest it could be worth $3 trillion in the future. Amazon stock has taken a significant hit recently, dropping nearly 50% from its previous high. Economic headwinds indeed played their part in the decline, but these issues should prove to be temporary. In addition, Amazon is taking steps to address the higher spending, which additionally impacted the stock price. Looking forward to the next bull market, investors could benefit from the hefty upside potential of Amazon ahead. On the date of publication, Muslim Farooque 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 Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. The post The 3 Most Promising Metaverse Stocks to Buy in February 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.	U Unity Software $34.66 AAPL Apple $142.06 AMZN Amazon $102.68 Unity Software (U) Source: viewimage / Shutterstock.com Unity Software (NYSE:U) has revolutionized how we play video games and interact with virtual worlds. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) is set to revolutionize the industry with its cutting-edge mixed-reality headset. The concept of building integrated virtual online environments, the metaverse, has the potential to revolutionize how we live, work, and play.	U Unity Software $34.66 AAPL Apple $142.06 AMZN Amazon $102.68 Unity Software (U) Source: viewimage / Shutterstock.com Unity Software (NYSE:U) has revolutionized how we play video games and interact with virtual worlds. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) is set to revolutionize the industry with its cutting-edge mixed-reality headset. Market research suggests this cutting-edge industry could be worth over $700 billion by 2030, pointing to a massive upside ahead for metaverse stocks to buy Though the initial excitement seemed to have died down, investment opportunities in metaverse stocks remain as exciting as ever.	U Unity Software $34.66 AAPL Apple $142.06 AMZN Amazon $102.68 Unity Software (U) Source: viewimage / Shutterstock.com Unity Software (NYSE:U) has revolutionized how we play video games and interact with virtual worlds. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) is set to revolutionize the industry with its cutting-edge mixed-reality headset. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Metaverse stocks seem to be ready to heat up, but not all of them are created equal.	U Unity Software $34.66 AAPL Apple $142.06 AMZN Amazon $102.68 Unity Software (U) Source: viewimage / Shutterstock.com Unity Software (NYSE:U) has revolutionized how we play video games and interact with virtual worlds. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ:AAPL) is set to revolutionize the industry with its cutting-edge mixed-reality headset. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Metaverse stocks seem to be ready to heat up, but not all of them are created equal.
17299.0	2023-02-02 00:00:00 UTC	GLOBAL MARKETS-Fed rates up, stocks up, BoE and ECB up next	AAPL	https://www.nasdaq.com/articles/global-markets-fed-rates-up-stocks-up-boe-and-ecb-up-next	nan	nan	By Marc Jones LONDON, Feb 2 (Reuters) - The bulls were in charge ahead of the European Central Bank and Bank of England's first meetings of the year on Thursday, after the U.S. Federal Reserve bolstered the view that the surge in global interest rates was close to an end. Fed chair Jerome Powell's message that a "disinflationary" process was taking hold had sent Wall Street up, the dollar DXY. down and kept Europe's stocks 0.5% higher .STOXX as the BoE and ECB loomed. .EU Both are expected raise their mains rates by 50 basis points, but as with the Fed, the focus will be on what do they do from here. The usual pre-meeting lull left the euro up just 0.1% and the pound looking groggy, though the gap between U.S. and German 10-year yields DE10US10=RR hit its smallest since September 2020 as bond market borrowing costs continued to sink. GVD/EUR Dirk Schumacher, head of European macro research at Natixis, said that both the Fed and BoE were now effectively at the point of "fine tuning", whereas the ECB still had more ground to cover having started its hikes later. "The questions is really how much there is to come," Schumacher said. "These are difficult waters and some guidance is what the markets are looking for." Away from the central bank action, there was more drama in India as one of its biggest firms, Adani, was forced the axe a long-planned $2.5 billion stock offer in the wake of allegations, denied by the firm, of hidden debt and stock manipulation. The group's flagship firm - Adani Enterprises ADEL.NS plunged 10%, taking the wider group's overall losses since the scandal erupted to more than $100 billion. Elsewhere, though, it didn't derail the optimism that slowing, stopping and eventually lower interest rates in major economies will avoid a major economic slowdown. MSCI's broadest index of global shares which covers 47 countries was up 0.25 having just hit a near six-month high. Wall Street's overnight rally was given an additional boost by a $40 billion Meta META.O share buyback plan which lifted tech stocks elsewhere, and Asia-Pacific shares .MIAP00000PUS closed up 0.2%. That index is now up nearly 30% since October thanks to China abandoning many of its COVID-19 restrictions. BOE, ECB & EARNINGS The Fed's 25 basis points interest rate increase on Wednesday came after a year of larger hikes. Though its statement said policymakers expected "ongoing increases" going forward traders leapt on Powell's "disinflationary" view. .N Ali Hassan, portfolio manager and managing director at Thornburg Investment Management, said Powell had also seemingly shrugged off easing financial conditions as a concern in his news conference. "This was a greenlight that the market could buy without feeling that they are fighting the Fed." Europe's focus is now on ECB and BoE meetings and the paths those two central banks are likely to take. Saxo Markets strategists said the ECB had surpassed its peers in hawkishness recently, and would likely repeat that this week. The BoE will be the trickiest to predict given indecisive market pricing and the scope for a split vote, they said. U.S. earnings season is in full swing too. Facebook owner Meta META.O was set for surge after its after-hours buyback news. Nasdaq futures NQcv1 were up 1% with earnings from tech and internet giants Apple AAPL.O and Amazon AMZN.O also due later. In the currency market, the dollar spiked lower following Powell's remarks, with the U.S. dollar index =USD, which measures the currency against six major peers, falling to a fresh nine-month low of 100.80. It was last at 101.50. The euro EUR=EBS was up fractionally at just under $1.10. The yen JPY=EBS stalled at 128.97 per dollar, while sterling GBP=D3 was down at $1.2337, 0.3% lower for the morning. In commodities, oil steadied, having climbed on the back the soft dollar, while gold XAU= added 0.2% to $1,953.44 an ounce, having touched a nine-month high of $1,957 per ounce earlier. Brent LCOc1 was at $82.85, flat on the day, while West Texas Intermediate (WTI) U.S. crude CLc1 sat at $76.44 per barrel. O/R World FX rates YTDhttp://tmsnrt.rs/2egbfVh Global asset performancehttp://tmsnrt.rs/2yaDPgn Asian stock marketshttps://tmsnrt.rs/2zpUAr4 The race to raise rateshttps://tmsnrt.rs/3JG2nW2 (Additional reporting by Ankur Banerjee in Singapre Editing by Mark Potter) ((marc.jones@thomsonreuters.com; +44 (0)20 7513 4042; Reuters Messaging: marc.jones.thomsonreuters.com@reuters.net Twitter @marcjonesrtrs)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Nasdaq futures NQcv1 were up 1% with earnings from tech and internet giants Apple AAPL.O and Amazon AMZN.O also due later. The usual pre-meeting lull left the euro up just 0.1% and the pound looking groggy, though the gap between U.S. and German 10-year yields DE10US10=RR hit its smallest since September 2020 as bond market borrowing costs continued to sink. GVD/EUR Dirk Schumacher, head of European macro research at Natixis, said that both the Fed and BoE were now effectively at the point of "fine tuning", whereas the ECB still had more ground to cover having started its hikes later.	Nasdaq futures NQcv1 were up 1% with earnings from tech and internet giants Apple AAPL.O and Amazon AMZN.O also due later. Wall Street's overnight rally was given an additional boost by a $40 billion Meta META.O share buyback plan which lifted tech stocks elsewhere, and Asia-Pacific shares .MIAP00000PUS closed up 0.2%. The Fed's 25 basis points interest rate increase on Wednesday came after a year of larger hikes.	Nasdaq futures NQcv1 were up 1% with earnings from tech and internet giants Apple AAPL.O and Amazon AMZN.O also due later. By Marc Jones LONDON, Feb 2 (Reuters) - The bulls were in charge ahead of the European Central Bank and Bank of England's first meetings of the year on Thursday, after the U.S. Federal Reserve bolstered the view that the surge in global interest rates was close to an end. In the currency market, the dollar spiked lower following Powell's remarks, with the U.S. dollar index =USD, which measures the currency against six major peers, falling to a fresh nine-month low of 100.80.	Nasdaq futures NQcv1 were up 1% with earnings from tech and internet giants Apple AAPL.O and Amazon AMZN.O also due later. GVD/EUR Dirk Schumacher, head of European macro research at Natixis, said that both the Fed and BoE were now effectively at the point of "fine tuning", whereas the ECB still had more ground to cover having started its hikes later. Wall Street's overnight rally was given an additional boost by a $40 billion Meta META.O share buyback plan which lifted tech stocks elsewhere, and Asia-Pacific shares .MIAP00000PUS closed up 0.2%.

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