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19400.0
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2022-09-12 00:00:00 UTC
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Google considers making some Pixel phones in India - The Information
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AAPL
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https://www.nasdaq.com/articles/google-considers-making-some-pixel-phones-in-india-the-information
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nan
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nan
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Sept 12 (Reuters) - Alphabet Inc GOOGL.O is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing's rising tensions with the United States, the Information reported on Monday, citing a source.
Alphabet, which did not immediately respond to a Reuters request for comment, has solicited bids from manufacturers in India to make between 500,000 and 1 million Pixel smartphones, equivalent to 10% to 20% of the estimated annual production for the device, according to the report. (https://bit.ly/3Bcqoye)
The company's Chief Executive Officer Sundar Pichai previewed a plan to manufacture in India earlier this year but a final decision has not yet been made, the report added. If approved, India production operations will still require import of components from China.
Alphabet is also considering Vietnam as another manufacturing base, according to Nikkei. (https://reut.rs/3qulqYH)
Apple Inc AAPL.O, the company's main smartphone rival, already makes at least four models up to iPhone 13 in India through contract manufacturing partners Foxconn 2354.TW and Wistron. It is reportedly considering making iPhone 14, the latest model unveiled on Sept. 7, also in India.
Global supply chains were disrupted earlier this year when China locked down key tech hub Shanghai, among other cities, due to a surge in COVID cases. More recently, U.S. banned exports of some high-end chips to China, escalating tensions with the Asian nation.
The company is set to release new Pixel phone models, and its first smartwatch, at an event in the U.S. on Oct. 6.
(Reporting by Yuvraj Malik in Bengaluru)
((yuvraj.malik@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(https://reut.rs/3qulqYH) Apple Inc AAPL.O, the company's main smartphone rival, already makes at least four models up to iPhone 13 in India through contract manufacturing partners Foxconn 2354.TW and Wistron. Sept 12 (Reuters) - Alphabet Inc GOOGL.O is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing's rising tensions with the United States, the Information reported on Monday, citing a source. Alphabet, which did not immediately respond to a Reuters request for comment, has solicited bids from manufacturers in India to make between 500,000 and 1 million Pixel smartphones, equivalent to 10% to 20% of the estimated annual production for the device, according to the report.
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(https://reut.rs/3qulqYH) Apple Inc AAPL.O, the company's main smartphone rival, already makes at least four models up to iPhone 13 in India through contract manufacturing partners Foxconn 2354.TW and Wistron. Sept 12 (Reuters) - Alphabet Inc GOOGL.O is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing's rising tensions with the United States, the Information reported on Monday, citing a source. The company is set to release new Pixel phone models, and its first smartwatch, at an event in the U.S. on Oct. 6.
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(https://reut.rs/3qulqYH) Apple Inc AAPL.O, the company's main smartphone rival, already makes at least four models up to iPhone 13 in India through contract manufacturing partners Foxconn 2354.TW and Wistron. Sept 12 (Reuters) - Alphabet Inc GOOGL.O is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing's rising tensions with the United States, the Information reported on Monday, citing a source. Alphabet, which did not immediately respond to a Reuters request for comment, has solicited bids from manufacturers in India to make between 500,000 and 1 million Pixel smartphones, equivalent to 10% to 20% of the estimated annual production for the device, according to the report.
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(https://reut.rs/3qulqYH) Apple Inc AAPL.O, the company's main smartphone rival, already makes at least four models up to iPhone 13 in India through contract manufacturing partners Foxconn 2354.TW and Wistron. Sept 12 (Reuters) - Alphabet Inc GOOGL.O is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing's rising tensions with the United States, the Information reported on Monday, citing a source. If approved, India production operations will still require import of components from China.
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19401.0
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2022-09-12 00:00:00 UTC
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US STOCKS-Wall Street hits more than two-week high on energy, tech gains
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-hits-more-than-two-week-high-on-energy-tech-gains
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nan
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nan
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By Devik Jain and Ankika Biswas
Sept 12 (Reuters) - Energy and technology shares helped drive U.S. stocks to their highest in more than two weeks on Monday ahead of a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.
All of the S&P 500 sectoral indexes were up in early trading, led by a 2% jump in energy .SPNY shares. Oil prices rose as supply concerns mounted amidst uncertainty over Iranian nuclear talks. O/R
Heavyweight Amazon.com AMZN.O, Tesla Inc TSLA.O and Apple Inc AAPL.O added between 1.2% and 2.1%, providing the biggest boost to S&P 500 .SPX and the Nasdaq .IXIC .
The three major U.S. stock indexes rallied sharply last week, as investors took advantage of a sharp drop in stock prices since mid-August that was triggered by concerns over soaring inflation and the impact of tighter monetary policy to curb it.
All eyes are on consumer prices data on Tuesday for any signs that price pressures may be easing. Headline inflation is expected to rise at an 8.1% pace over the year in August, compared with 8.5% in July.
Core CPI, which strips out volatile factors such as energy and food, is expected to increase to 6.1% from 5.9% in the previous month. A recent retreat in commodity prices, especially oil, has boosted hopes that the worst of price pressures is over.
A soft number might revive speculation the Fed will only hike by 50 basis points this month, though it would likely have to be very weak to have a real impact on the hawkish stance taken by most policymakers recently.
Money markets are pricing in an 89% chance of a third straight 75 basis point increase by the U.S. central bank on Sept. 21. FEDWATCH
"Investors expect the CPI data to show a continued decline in inflationary reading, which would be encouraging to investors, since the FOMC meeting occurs only a week later," said Sam Stovall, chief investment strategist at CFRA Research in New York.
"Our economists are expecting a 50-basis-point hike at the September meeting though I think the chances of a 75-bps hike are equally possible."
At 9:51 a.m. ET, the Dow Jones Industrial Average .DJI was up 216.93 points, or 0.67%, at 32,368.64, the S&P 500 .SPX was up 34.33 points, or 0.84%, at 4,101.69, and the Nasdaq Composite .IXIC was up 100.13 points, or 0.83%, at 12,212.44, their highest levels since August 26.
Also aiding sentiment, Ukrainian forces swept further across territory seized from fleeing Russian troops on Monday, as Moscow grappled with the consequences of the collapse of its occupation force in northeastern Ukraine.
"With Ukraine now putting Russia on the defense and taking over many of the territory that had been lost, that is encouraging to global investors because it implies that maybe some ceasefire will occur more quickly than earlier anticipated," Stovall added.
Bristol-Myers Squibb Co BMY.N gained 6.2% after the U.S. Food and Drug Administration approved the company's oral treatment for adults with plaque psoriasis.
Shares of Amgen AMGN.O, which makes psoriasis drug Otezla, fell 3.4%.
Carvana Co CVNA.N jumped 11.7% as Piper Sandler upgraded the online used-car seller's stock to "overweight" from "neutral", saying it is grossly undervalued.
Twitter Inc TWTR.N slipped 1% after the social media company said it did not breach any agreement for paying a whistleblower and that Elon Musk's attempt to terminate his $44 billion deal was invalid.
Advancing issues outnumbered decliners by a 5.21-to-1 ratio on the NYSE and by a 2.11-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and no new lows, while the Nasdaq recorded 19 new highs and 18 new lows.
(Reporting by Devik Jain and Ankika Biswas in Bengaluru; Editing by Anil D'Silva)
((Devik.Jain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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O/R Heavyweight Amazon.com AMZN.O, Tesla Inc TSLA.O and Apple Inc AAPL.O added between 1.2% and 2.1%, providing the biggest boost to S&P 500 .SPX and the Nasdaq .IXIC . A soft number might revive speculation the Fed will only hike by 50 basis points this month, though it would likely have to be very weak to have a real impact on the hawkish stance taken by most policymakers recently. "With Ukraine now putting Russia on the defense and taking over many of the territory that had been lost, that is encouraging to global investors because it implies that maybe some ceasefire will occur more quickly than earlier anticipated," Stovall added.
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O/R Heavyweight Amazon.com AMZN.O, Tesla Inc TSLA.O and Apple Inc AAPL.O added between 1.2% and 2.1%, providing the biggest boost to S&P 500 .SPX and the Nasdaq .IXIC . By Devik Jain and Ankika Biswas Sept 12 (Reuters) - Energy and technology shares helped drive U.S. stocks to their highest in more than two weeks on Monday ahead of a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. FEDWATCH "Investors expect the CPI data to show a continued decline in inflationary reading, which would be encouraging to investors, since the FOMC meeting occurs only a week later," said Sam Stovall, chief investment strategist at CFRA Research in New York.
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O/R Heavyweight Amazon.com AMZN.O, Tesla Inc TSLA.O and Apple Inc AAPL.O added between 1.2% and 2.1%, providing the biggest boost to S&P 500 .SPX and the Nasdaq .IXIC . By Devik Jain and Ankika Biswas Sept 12 (Reuters) - Energy and technology shares helped drive U.S. stocks to their highest in more than two weeks on Monday ahead of a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. The three major U.S. stock indexes rallied sharply last week, as investors took advantage of a sharp drop in stock prices since mid-August that was triggered by concerns over soaring inflation and the impact of tighter monetary policy to curb it.
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O/R Heavyweight Amazon.com AMZN.O, Tesla Inc TSLA.O and Apple Inc AAPL.O added between 1.2% and 2.1%, providing the biggest boost to S&P 500 .SPX and the Nasdaq .IXIC . By Devik Jain and Ankika Biswas Sept 12 (Reuters) - Energy and technology shares helped drive U.S. stocks to their highest in more than two weeks on Monday ahead of a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. A recent retreat in commodity prices, especially oil, has boosted hopes that the worst of price pressures is over.
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19402.0
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2022-09-12 00:00:00 UTC
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Your Portfolio Could Be Missing This Stock With Monster Potential
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AAPL
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https://www.nasdaq.com/articles/your-portfolio-could-be-missing-this-stock-with-monster-potential
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nan
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nan
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The broader market has been stumbling for most of 2022, though it didn't officially find the sleeping bear's den until June. Now we find ourselves in September -- historically the worst-performing month of the year for the market, and already taking a toll on some stocks.
That means one thing for savvy long-term investors: opportunity. One of the companies providing opportunity is Medtronic (NYSE: MDT), a global leader in healthcare technology. The medical-device maker has seen its stock price drop 3% in the first week of September, and much more over the past year. And it's the technology aspect of what the company does that could be partly to blame for the stock's recent fall -- and could get investors to return.
Image source: Getty Images.
Year-over-year revenue decline is scaring some investors
The company breaks down its portfolio into four segments: cardiovascular, medical surgical, neuroscience, and diabetes. Revenue decreased across the board from the same quarter last year, but cardiovascular helped to offset some of those declines due to a mid-teens percentage increase in its transformative Micra transcatheter leadless pacemakers, which are being increasingly adopted by the global medical community.
The 34% drop in stock price over the past year is likely overdone as a result of the bear market, and Medtronic may be more of a long-term buy now than it has been since the start of the pandemic. Its share price sits at $89 as of this writing, slightly lower than it was at the start of 2020, and the company's price-to-earnings ratio of 22 is below its historical average of 30.
During Medtronic's recent quarterly earnings report in August, it stated revenue above guidance, and earnings in line with guidance. But where it took a hit in the eyes of investors was in the comparison of revenue with the same period in 2021. The company attributed the decline to raised revenue last year from strong ventilator sales, and from an increase in procedures that had been put off in the previous year -- both consequences of COVID-19.
A drop in revenue can sometimes be tricky to navigate for investors, especially during a broader market decline like we've had in 2022. Getting a grasp on the true cause for the decline is crucial. But in the face of supply challenges and a decline in revenue, the company maintained its full-year guidance on revenue, which should return investor confidence and trigger a not-too-distant turnaround.
The company expects improvements in the supply chain to help offset the challenges it faced in the past year. During that year it also received 200 regulatory approvals for new technologies, along with an approval in June from the Food and Drug Administration (FDA) for its spinal surgery device LigaPass 2.0, which adds to a portfolio of products it can use to help patients and providers for years to come.
An expanded technology portfolio should lead a turnaround
It's this technology aspect of Medtronic that may have exaggerated the negative impact on its stock price, as tech stocks got hammered at the height of the bear market -- though many healthcare provider stocks, such as UnitedHealth Group, have fared better. Top tech stocks like Apple and Amazon were down 27% and 42% respectively between December and June, while UnitedHealth was up 15% during that period.
But long-term investors might be wise not to be swayed by a revenue decline for this medical device leader, which is coming out of a healthcare crisis unlike anything most investors have ever seen. A year-over-year revenue comparison is not exactly apples-to-apples unless the environment is unchanged.
Medtronic finished the recent quarter with $2 billion in cash, and the company has shown it's not afraid to use cash to expand its product offerings and to optimize operations. In May, it completed the acquisition of Intersect ENT, which will expand Medtronic's portfolio of ear, nose, and throat products. The two new brands specialized for sinusitis conditions give the company the tools necessary to treat 30 million patients in a market predicted to grow at a compound annual rate of 7.4% through 2027. Medtronic expects this to be a growth driver during that period.
Another acquisition the company is hoping will help drive growth took place in August when it acquired Affera, giving Medtronic its first cardiac ablation and mapping technology platform. This bolsters its current portfolio of cardiology products and services focused on treating a broad spectrum of arrhythmias. Atrial fibrillation leads this disease segment, affecting 60 million people worldwide, with the treatment market expected to reach nearly $13 billion by 2027 at a compound annual growth rate of 11.93%.
Medtronic shares with its investors
As investors look toward future growth for Medtronic, the current environment provides the opportunity to get into the stock at a great time, with shares down over 30% in a year. There's cash on hand to support acquisitions to expand. And the company likely sees value in its current stock price, having spent $336 million on share repurchases this past quarter, on top of $2.5 billion spent on repurchases last year.
Medtronic is also paying out its next quarterly dividend of $0.68 per share on Sept. 21; its current yield is 3%. After its dividend hike earlier this year, 2022 marks 45 consecutive years of annual dividend increases, cementing its place among the elite Dividend Aristocrats. The company plans to return 50% of free cash flow to shareholders this year.
Analysts don't seem fazed by the year-over-year revenue decline, either. Their average 12-month target price is $112, a potential 26% lift over today's price.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeff Little has positions in Amazon and Apple. The Motley Fool has positions in and recommends Amazon and Apple. The Motley Fool recommends UnitedHealth Group and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The two new brands specialized for sinusitis conditions give the company the tools necessary to treat 30 million patients in a market predicted to grow at a compound annual rate of 7.4% through 2027. Another acquisition the company is hoping will help drive growth took place in August when it acquired Affera, giving Medtronic its first cardiac ablation and mapping technology platform. Atrial fibrillation leads this disease segment, affecting 60 million people worldwide, with the treatment market expected to reach nearly $13 billion by 2027 at a compound annual growth rate of 11.93%.
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Medtronic shares with its investors As investors look toward future growth for Medtronic, the current environment provides the opportunity to get into the stock at a great time, with shares down over 30% in a year. And the company likely sees value in its current stock price, having spent $336 million on share repurchases this past quarter, on top of $2.5 billion spent on repurchases last year. The Motley Fool recommends UnitedHealth Group and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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The 34% drop in stock price over the past year is likely overdone as a result of the bear market, and Medtronic may be more of a long-term buy now than it has been since the start of the pandemic. An expanded technology portfolio should lead a turnaround It's this technology aspect of Medtronic that may have exaggerated the negative impact on its stock price, as tech stocks got hammered at the height of the bear market -- though many healthcare provider stocks, such as UnitedHealth Group, have fared better. Medtronic shares with its investors As investors look toward future growth for Medtronic, the current environment provides the opportunity to get into the stock at a great time, with shares down over 30% in a year.
|
The 34% drop in stock price over the past year is likely overdone as a result of the bear market, and Medtronic may be more of a long-term buy now than it has been since the start of the pandemic. An expanded technology portfolio should lead a turnaround It's this technology aspect of Medtronic that may have exaggerated the negative impact on its stock price, as tech stocks got hammered at the height of the bear market -- though many healthcare provider stocks, such as UnitedHealth Group, have fared better. Medtronic shares with its investors As investors look toward future growth for Medtronic, the current environment provides the opportunity to get into the stock at a great time, with shares down over 30% in a year.
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19403.0
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2022-09-12 00:00:00 UTC
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Should Vanguard Mega Cap Growth ETF (MGK) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-vanguard-mega-cap-growth-etf-mgk-be-on-your-investing-radar-3
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nan
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nan
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Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Vanguard Mega Cap Growth ETF (MGK) is a passively managed exchange traded fund launched on 12/17/2007.
The fund is sponsored by Vanguard. It has amassed assets over $11.39 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
Why Large Cap Growth
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Additionally, growth stocks have a greater level of risk associated with them. They are likely to outperform value stocks in strong bull markets but over the longer-term, value stocks have delivered better returns than growth stocks in almost all markets.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.07%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.53%.
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 60.50% of the portfolio. Consumer Discretionary and Healthcare round out the top three.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 15.30% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN).
The top 10 holdings account for about 58.78% of total assets under management.
Performance and Risk
MGK seeks to match the performance of the CRSP U.S. Mega Cap Growth Index before fees and expenses. The CRSP US Mega Cap Growth Index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization growth stocks in the United States.
The ETF has lost about -23.51% so far this year and is down about -18.76% in the last one year (as of 09/12/2022). In the past 52-week period, it has traded between $175.67 and $264.33.
The ETF has a beta of 1.11 and standard deviation of 28.21% for the trailing three-year period, making it a medium risk choice in the space. With about 110 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Mega Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, MGK is a great option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $75.64 billion in assets, Invesco QQQ has $167.93 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Vanguard Growth ETF (VUG): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 15.30% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report It has amassed assets over $11.39 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 15.30% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Vanguard Mega Cap Growth ETF (MGK) is a passively managed exchange traded fund launched on 12/17/2007.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 15.30% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Vanguard Mega Cap Growth ETF (MGK) is a passively managed exchange traded fund launched on 12/17/2007.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 15.30% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Vanguard Mega Cap Growth ETF (MGK) is a passively managed exchange traded fund launched on 12/17/2007.
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19404.0
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2022-09-12 00:00:00 UTC
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Dow Movers: AMGN, MMM
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AAPL
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https://www.nasdaq.com/articles/dow-movers%3A-amgn-mmm
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nan
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nan
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In early trading on Monday, shares of MMM topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.6%. Year to date, MMM has lost about 28.9% of its value.
And the worst performing Dow component thus far on the day is Amgen, trading down 3.2%. Amgen is showing a gain of 6.6% looking at the year to date performance.
Two other components making moves today are UnitedHealth Group, trading down 0.0%, and Apple, trading up 2.1% on the day.
VIDEO: Dow Movers: AMGN, MMM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Monday, shares of MMM topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.6%. And the worst performing Dow component thus far on the day is Amgen, trading down 3.2%. Amgen is showing a gain of 6.6% looking at the year to date performance.
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In early trading on Monday, shares of MMM topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.6%. Year to date, MMM has lost about 28.9% of its value. And the worst performing Dow component thus far on the day is Amgen, trading down 3.2%.
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In early trading on Monday, shares of MMM topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.6%. And the worst performing Dow component thus far on the day is Amgen, trading down 3.2%. Two other components making moves today are UnitedHealth Group, trading down 0.0%, and Apple, trading up 2.1% on the day.
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And the worst performing Dow component thus far on the day is Amgen, trading down 3.2%. Amgen is showing a gain of 6.6% looking at the year to date performance. VIDEO: Dow Movers: AMGN, MMM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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19405.0
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2022-09-12 00:00:00 UTC
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Why Apple Stock Popped Monday Morning
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AAPL
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https://www.nasdaq.com/articles/why-apple-stock-popped-monday-morning
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nan
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nan
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What happened
Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. At 11:42 a.m. ET, the stock was still up 3.3%.
The broader market indexes rallied, no doubt contributing to the iPhone maker's upswing. However, two analysts -- in separate missives -- have concluded that presales of Apple's new iPhone 14 are going better than expected.
So what
Wedbush's Daniel Ives has been keeping a close eye on Apple's website and notes that delivery times have quickly been pushed out to mid-October for the more expensive iPhone 14 Pro models, while the remaining preorders will take at least three weeks to process and wait times are quickly getting longer, according to The Fly. Ives noted that not only are iPhone 14 orders tracking ahead of his expectations, but consumers are ordering more Pro and Pro Max models, which will drive up the average selling price (ASP) for Apple. The analyst theorizes that this consumer demand for the Pro models will also be heavy in China, an important sales region for Apple.
It's worth noting that Ives maintained his outperform (buy) rating on Apple with a price target of $200. This suggests potential gains for investors of 40% compared to stock's closing price on Friday.
Bank of America (NYSE: BAC) analyst Wamsi Mohan came to a similar conclusion, noting that heavy demand for the iPhone 14 Pro and Pro Max models are resulting in longer wait times compared to the similar iPhone 13 models. Mohan pointed out that the current ship time for the Pro is 30 days, versus 26 days at the same time in the iPhone 13 cycle. Similarly, the Pro Max is 39 days out, compared to 27 days for its predecessor. The analyst found this "particularly impressive" given the tech giant has raised prices in some places to offset the impact of a strong dollar.
Mohan maintained his buy rating and $185 price target, suggesting 18% upside from Friday's closing price.
Now what
To put this information in context, the iPhone has generated more than 54% of Apple's $282 billion in sales revenue so far this year, so these presales numbers bode well for Apple's future. For this and many other reasons, Apple remains a buy.
10 stocks we like better than Apple
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. Danny Vena has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. So what Wedbush's Daniel Ives has been keeping a close eye on Apple's website and notes that delivery times have quickly been pushed out to mid-October for the more expensive iPhone 14 Pro models, while the remaining preorders will take at least three weeks to process and wait times are quickly getting longer, according to The Fly. The analyst theorizes that this consumer demand for the Pro models will also be heavy in China, an important sales region for Apple.
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What happened Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. It's worth noting that Ives maintained his outperform (buy) rating on Apple with a price target of $200. Bank of America (NYSE: BAC) analyst Wamsi Mohan came to a similar conclusion, noting that heavy demand for the iPhone 14 Pro and Pro Max models are resulting in longer wait times compared to the similar iPhone 13 models.
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What happened Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. So what Wedbush's Daniel Ives has been keeping a close eye on Apple's website and notes that delivery times have quickly been pushed out to mid-October for the more expensive iPhone 14 Pro models, while the remaining preorders will take at least three weeks to process and wait times are quickly getting longer, according to The Fly. Ives noted that not only are iPhone 14 orders tracking ahead of his expectations, but consumers are ordering more Pro and Pro Max models, which will drive up the average selling price (ASP) for Apple.
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What happened Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 3.5%. Ives noted that not only are iPhone 14 orders tracking ahead of his expectations, but consumers are ordering more Pro and Pro Max models, which will drive up the average selling price (ASP) for Apple. That's right -- they think these 10 stocks are even better buys.
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19406.0
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2022-09-11 00:00:00 UTC
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What The New iPhones Mean For Apple Stock
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AAPL
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https://www.nasdaq.com/articles/what-the-new-iphones-mean-for-apple-stock
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nan
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nan
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Apple (NASDAQ:AAPL) unveiled its latest iPhone 14 devices, along with new versions of the Apple Watch and Airpods earphones at a special event held on Wednesday.
While we were expecting Apple to raise prices on the iPhone this year, given higher component prices and supply constraints, the company surprisingly held on to prices across the lineup. However, we think it’s still likely that average pricing for iPhones will trend higher in this cycle as well, for a couple of reasons. Apple launched two Pro versions and two standard versions of the device. We think that Apple should be able to upsell a great mix of customers to the Pro versions of the devices (which start at $1,000) this time around, as they appear like a much better value proposition. For example, the Pro devices offer exclusive features such as always on display, significant camera improvements, and design tweaks with the signature iPhone notch (which houses the front camera and face ID sensor) being replaced by pill-shaped cutouts that surface alerts and notifications. Coming to the regular iPhone 14, Apple has maintained the $800 price point on 6.1-inch devices although it has replaced the $700 iPhone Mini with a pricier 6.7-inch model that starts at $900. Apple has also retained last year’s mobile chipset, the A15, on the iPhone 14, in a move that could help to bolster margins to an extent given that chip production costs and production yields improve with time. Apple continued with this strategy of premiumization within its Apple Watch lineup as well, launching a new Apple Watch Ultra, priced at $800, compared to the $400 for the mainstream Apple Watch models.
The launch of the new devices comes against a relatively challenging macro environment. U.S. GDP has contracted over the last two quarters and consumers have been scaling back on retail spending amid rising inflation while prioritizing services and experiences. However, we don’t think that the uptake of Apple’s new devices will be meaningfully impacted. For perspective, over the last two quarters, iPhone sales rose by an average of 4% versus last year, despite the broader economic contraction. Moreover, wireless carriers appear to be heavily promoting the new devices, as they see them as an opportunity to bring more high-value customers onto their newly built 5G networks. For example, both AT&T and T-Mobile are offering the new iPhone 14 Pro to customers for free under certain conditions.
We have a $178 per share valuation for Apple, which is about 14% ahead of the current market price. See our analysis on Apple Valuation: Is AAPL Stock Expensive Or Cheap? for an overview of what’s driving our price estimate for Apple. Also, see our analysis of Apple revenue for more details on the company’s key revenue streams and how they have been trending.
With inflation rising and the Fed raising interest rates, Apple has fallen 12% this year. Can it drop more? See how low can Apple stock go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Sep 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
AAPL Return -1% -12% 439%
S&P 500 Return 1% -16% 78%
Trefis Multi-Strategy Portfolio 0% -15% 235%
[1] Month-to-date and year-to-date as of 9/8/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ:AAPL) unveiled its latest iPhone 14 devices, along with new versions of the Apple Watch and Airpods earphones at a special event held on Wednesday. See our analysis on Apple Valuation: Is AAPL Stock Expensive Or Cheap? Total [2] AAPL Return -1% -12% 439% S&P 500 Return 1% -16% 78% Trefis Multi-Strategy Portfolio 0% -15% 235% [1] Month-to-date and year-to-date as of 9/8/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (NASDAQ:AAPL) unveiled its latest iPhone 14 devices, along with new versions of the Apple Watch and Airpods earphones at a special event held on Wednesday. Total [2] AAPL Return -1% -12% 439% S&P 500 Return 1% -16% 78% Trefis Multi-Strategy Portfolio 0% -15% 235% [1] Month-to-date and year-to-date as of 9/8/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. See our analysis on Apple Valuation: Is AAPL Stock Expensive Or Cheap?
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Apple (NASDAQ:AAPL) unveiled its latest iPhone 14 devices, along with new versions of the Apple Watch and Airpods earphones at a special event held on Wednesday. Total [2] AAPL Return -1% -12% 439% S&P 500 Return 1% -16% 78% Trefis Multi-Strategy Portfolio 0% -15% 235% [1] Month-to-date and year-to-date as of 9/8/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. See our analysis on Apple Valuation: Is AAPL Stock Expensive Or Cheap?
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See our analysis on Apple Valuation: Is AAPL Stock Expensive Or Cheap? Total [2] AAPL Return -1% -12% 439% S&P 500 Return 1% -16% 78% Trefis Multi-Strategy Portfolio 0% -15% 235% [1] Month-to-date and year-to-date as of 9/8/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Apple (NASDAQ:AAPL) unveiled its latest iPhone 14 devices, along with new versions of the Apple Watch and Airpods earphones at a special event held on Wednesday.
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19407.0
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2022-09-11 00:00:00 UTC
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2 Stocks to Invest in Virtual Reality
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AAPL
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https://www.nasdaq.com/articles/2-stocks-to-invest-in-virtual-reality-1
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nan
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The virtual reality (VR) market is still in its early stages, but it has the potential to become an important segment of the broader tech space as consumer and enterprise VR reaches an estimated $25 billion market size less than three years from now.
Two companies that have a good chance of successfully tapping into this growing market are Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). These tech giants are already knee-deep into VR and augmented reality (AR) in their own ways, and could end up benefiting from their early moves. Here's why.
Image source: Getty Images.
Microsoft's headset bet
Like so many other tech companies right now, Microsoft has its own AR/VR headset. But unlike many of its peers, Microsoft's headset, called Hololens, is already being used for real-world applications.
Industrial manufacturers and healthcare companies have used Hololens to train employees, and so far Hololens already has 200 partner apps for the device, in addition to Microsoft's own apps.
But the most notable use-case for Hololens thus far has been for the U.S. Army. Microsoft currently has a contract worth up to about $22 billion to deliver 120,000 Hololens units to the armed services division, and recently sent its first shipment of 5,000 to the Army.
Those devices are an adapted version of Hololens called the Integrated Visual Augmentation System (IVAS), and can tap into Microsoft's Azure cloud computing services to monitor and display specific sensor data.
Of course, Microsoft isn't only interested in deploying Hololens for the armed services, but this initial order does show that there are practical uses for the device and that Microsoft is already receiving potentially large contracts for its headset -- something most tech companies can't claim right now.
Not only that, but if Microsoft can showcase just how well its Azure cloud services pair with its headset, future uses of its Hololens could be a boon to the company's already successful cloud computing service.
Apple's AR ambitions
Apple has already made some headway into the AR/VR space with the company's push to bring augmented reality apps into its App Store. Already, there are more than 14,000 AR apps that work on the company's mobile operating system -- and Apple is likely just getting started.
The company is reportedly working on an AR/VR headset that it's already shown to its board of directors. This indicates that Apple could be very close to launching the device, though it's still uncertain when it will do so.
Apple is especially adept at pairing software with hardware. And another indicator that it's close to launching a headset comes from the fact that leaked source code has shown that the tech giant is working on what it calls RealityOS, likely a reference to an AR/VR operating system.
If and when Apple debuts its headset, some analysts have estimated that the company could generate up to $18 billion in headset sales just five years after its launch.
Some of the latest estimates put the launch of Apple's AR/VR headset at the end of this year or next year, which means investors may not have to wait much longer to see Apple take this market head-on.
Be patient with this market
While there's a lot of potential for Microsoft and Apple to benefit from AR and VR, investors will likely have to be patient to experience it.
These segments of the tech world are just getting started, and it could be a few years before Microsoft and Apple see any direct benefit to their top and bottom lines.
10 stocks we like better than Microsoft
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 17, 2022
Chris Neiger has positions in Apple. 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.
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Two companies that have a good chance of successfully tapping into this growing market are Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). Microsoft currently has a contract worth up to about $22 billion to deliver 120,000 Hololens units to the armed services division, and recently sent its first shipment of 5,000 to the Army. Those devices are an adapted version of Hololens called the Integrated Visual Augmentation System (IVAS), and can tap into Microsoft's Azure cloud computing services to monitor and display specific sensor data.
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Two companies that have a good chance of successfully tapping into this growing market are Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). Those devices are an adapted version of Hololens called the Integrated Visual Augmentation System (IVAS), and can tap into Microsoft's Azure cloud computing services to monitor and display specific sensor data. Not only that, but if Microsoft can showcase just how well its Azure cloud services pair with its headset, future uses of its Hololens could be a boon to the company's already successful cloud computing service.
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Two companies that have a good chance of successfully tapping into this growing market are Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). Microsoft's headset bet Like so many other tech companies right now, Microsoft has its own AR/VR headset. Of course, Microsoft isn't only interested in deploying Hololens for the armed services, but this initial order does show that there are practical uses for the device and that Microsoft is already receiving potentially large contracts for its headset -- something most tech companies can't claim right now.
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Two companies that have a good chance of successfully tapping into this growing market are Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). Microsoft's headset bet Like so many other tech companies right now, Microsoft has its own AR/VR headset. Not only that, but if Microsoft can showcase just how well its Azure cloud services pair with its headset, future uses of its Hololens could be a boon to the company's already successful cloud computing service.
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19408.0
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2022-09-10 00:00:00 UTC
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Buying These Stock-Split Stocks Would be a Genius Move
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AAPL
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https://www.nasdaq.com/articles/buying-these-stock-split-stocks-would-be-a-genius-move
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nan
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nan
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A stock split in and of itself isn't a reason to buy or sell a stock. These maneuvers don't necessarily boost a company's valuation right away, either. Still, they do tend to draw attention from investors. That's because they lower the individual share prices of stocks that have soared to a high level, which makes it a bit easier for a wider range of investors to get in on the action.
So when the opportunity to buy shares at a more accessible price presents itself, it's worth looking at the rest of the picture. And if things look good, it may be time to invest. That's the case for these three companies that have completed stock splits in recent months.
1. Amazon
Amazon (NASDAQ: AMZN) is a leader in e-commerce and cloud computing. The retail e-commerce market grew by about 16% last year, according to Statista, while the researchers at Gartner say cloud computing soared more than 41%. So the company is in a great position in two high-growth areas.
The current macroeconomic environment has weighed on Amazon's e-commerce operations. But the good news is that the company is making progress on managing the challenges. For instance, it has increased productivity and cut those costs it can control. And more good news is the fact that the current economic context is temporary. This means there are likely better days ahead for Amazon and its investors.
At the same time, its cloud computing business -- Amazon Web Services (AWS) -- is growing sales and operating income by double-digit percentages. It continues to expand its reach and add new clients and projects. This is key because AWS typically provides most of the tech giant's operating income.
Meanwhile, Amazon shares are trading at around their lowest price-to-sales ratio in four years. So this may be a perfect opportunity for investors who aim to buy and hold for the long term.
AMZN PS Ratio data by YCharts
2. Alphabet
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, makes most of its money through advertising. Today's economic landscape clearly is weighing on that sort of business. But, as I said above, these conditions won't last forever. So it's important to look at Alphabet's track record -- and its potential.
The company is the global leader in the search engine market, with a market share of more than 83%, according to Statista. It also has a growing cloud computing business. In the second quarter, its cloud computing revenue advanced 35%.
Alphabet's strong revenue and profit track record are another reason to be confident in it as an investment. Those measures have steadily increased by billions of dollars in recent years. Key financial measures such as return on invested capital and free cash flow also have generally gained over time.
GOOG Return on Invested Capital data by YCharts
Alphabet still is growing. In the second quarter, revenue climbed 13% year over year. But, as mentioned above, the pace is slowing. The company reported 62% growth in the same quarter last year.
As a result of the slowdown, Alphabet shares have stumbled. They've lost more than 20% so far this year, and they're trading at only 20 times trailing 12-month earnings. That's a cheaper valuation than Microsoft or Apple.
GOOG PE Ratio data by YCharts
Investors who buy now may not see big gains right away. But, considering Alphabet's track record and market position, they could enjoy excellent returns down the road.
3. Tesla
Tesla (NASDAQ: TSLA), too, has been facing challenges in recent times. Chip shortages and factory shutdowns due to coronavirus restrictions have weighed on its production. But even in this context, the electric vehicle leader is generating impressive earnings. The company had its best month for vehicle production ever in the second quarter.
An important point is that Tesla is investing in capacity. The vehicle maker opened two massive factories in recent times -- in Austin, Texas, and in Berlin, Germany. Tesla continues to ramp up production in those locations. This should help the company work toward a major goal: 50% average annual growth in vehicle deliveries.
Now, let's talk about a few key earnings figures. In the second quarter, Tesla reported an industry-high operating margin of 14.6.%. It also reported net income on a GAAP basis of $2.3 billion. And it generated positive free cash flow of $621 million. If Tesla can accomplish this much during difficult times, I'm confident about its prospects once the economic environment improves.
Meanwhile, the shares are trading at 66 times forward earnings estimates, down from more than 90 earlier this year. This may not exactly be cheap. But it's a reasonable entry point considering Tesla's solid performance during tough times -- and its potential.
10 stocks we like better than Amazon
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 Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 17, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Adria Cimino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, and Tesla. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's because they lower the individual share prices of stocks that have soared to a high level, which makes it a bit easier for a wider range of investors to get in on the action. At the same time, its cloud computing business -- Amazon Web Services (AWS) -- is growing sales and operating income by double-digit percentages. Key financial measures such as return on invested capital and free cash flow also have generally gained over time.
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Alphabet Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, makes most of its money through advertising. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, and Tesla. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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Alphabet Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, makes most of its money through advertising. See the 10 stocks *Stock Advisor returns as of August 17, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, and Tesla.
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Tesla Tesla (NASDAQ: TSLA), too, has been facing challenges in recent times. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon wasn't one of them! The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, and Tesla.
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19409.0
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2022-09-10 00:00:00 UTC
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FAANG vs. MATANA: Looking Beyond the Glitzy Branding
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AAPL
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https://www.nasdaq.com/articles/faang-vs.-matana%3A-looking-beyond-the-glitzy-branding
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nan
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nan
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With Ray Wang, Principal Analyst and the Founder of Constellation Research, upgrading FAANG to MATANA, the obvious question is which tech stocks basket is a better play? A simple price performance comparison shows that MATANA had the upper hand in one year. Further, on average, analysts see a higher upside in MATANA stocks. However, investing is not about buying fancy acronyms. According to TipRanks’ data-driven Smart Score, only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) in the MATANA list have a higher potential to outperform the market.
But before we dig deeper, let’s examine why FAANG needed an upgrade.
Why the Rebranding?
For years, FAANG stocks - Meta (previously Facebook) (NASDAQ:META), Apple, Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alphabet (earlier Google) (NASDAQ:GOOGL) (NASDAQ:GOOG) – symbolized big tech companies.
However, Wang, in a video interview with Yahoo Finance Live, suggested dropping Meta and Netflix from the big tech list and advised adding Microsoft, Tesla (NASDAQ:TSLA), and Nvidia (NASDAQ:NVDA) to the group. Together, these stocks are now known as MATANA.
The move follows the underperformance of FAANG stocks in 2022. Blame the base effect for the slowdown in their growth or investors losing appetite for risk amid fears of an economic slowdown, FAANG stocks have lost their sheen.
Specifically, Meta Platforms and Netflix are struggling to stay relevant to their consumers amid their changing preferences in the post-pandemic world and heightened competition.
FAANG or MATANA: Which Is the Better Tech Play?
Built with TipRanks’ Stock Comparison tool, here is a summary of how FAANG stocks performed in the past year and what analysts recommend.
The graph below shows that FAANG stocks, on average, are down over 34% in the past one year. Meanwhile, analysts’ average price target reflects an upside potential of over 25% in one year.
The Stock Comparison tool shows that a portfolio of MATANA stocks have performed better than FAANG stocks in the past one year. For context, MATANA stocks, on average, are down about 2.2% during the comparable period, significantly outperforming FAANG stocks.
Further, analysts’ average price target shows an upside of over 28% in the next 12 months.
Bottom Line
MATANA is slightly more diversified than FAANG. However, this shouldn’t matter much as the broader industry classification is the same, with these stocks being prone to similar risks.
Furthermore, the above graph shows that only Microsoft and Apple stock sport an Outperform Smart Score on TipRanks in the MATANA list. Meanwhile, hedge funds are also bullish on only these two stocks.
All in all, investors should focus on diversifying their portfolio with Top Smart Score Stocks across multiple sectors to lower risk and maximize gains.
Read full Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to TipRanks’ data-driven Smart Score, only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) in the MATANA list have a higher potential to outperform the market. With Ray Wang, Principal Analyst and the Founder of Constellation Research, upgrading FAANG to MATANA, the obvious question is which tech stocks basket is a better play? Specifically, Meta Platforms and Netflix are struggling to stay relevant to their consumers amid their changing preferences in the post-pandemic world and heightened competition.
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According to TipRanks’ data-driven Smart Score, only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) in the MATANA list have a higher potential to outperform the market. For years, FAANG stocks - Meta (previously Facebook) (NASDAQ:META), Apple, Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alphabet (earlier Google) (NASDAQ:GOOGL) (NASDAQ:GOOG) – symbolized big tech companies. The Stock Comparison tool shows that a portfolio of MATANA stocks have performed better than FAANG stocks in the past one year.
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According to TipRanks’ data-driven Smart Score, only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) in the MATANA list have a higher potential to outperform the market. For years, FAANG stocks - Meta (previously Facebook) (NASDAQ:META), Apple, Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alphabet (earlier Google) (NASDAQ:GOOGL) (NASDAQ:GOOG) – symbolized big tech companies. The Stock Comparison tool shows that a portfolio of MATANA stocks have performed better than FAANG stocks in the past one year.
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According to TipRanks’ data-driven Smart Score, only Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) in the MATANA list have a higher potential to outperform the market. Further, on average, analysts see a higher upside in MATANA stocks. Together, these stocks are now known as MATANA.
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19410.0
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2022-09-10 00:00:00 UTC
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3 Stocks That Would Look Great in Warren Buffett's Portfolio
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AAPL
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https://www.nasdaq.com/articles/3-stocks-that-would-look-great-in-warren-buffetts-portfolio
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nan
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nan
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Warren Buffett has described the cash pile held by his company, Berkshire Hathaway, as an "elephant gun." And while guessing what Buffett may use his elephant gun on for his next purchase may be an exercise in futility, it can serve as a screener of sorts when looking for new stock ideas.
Massive brands, wide moats, recession-proof operations, or a Benjamin Graham-worthy valuation -- there are many possible hallmarks of what may qualify a company as a "Buffett stock."
Three Fool.com contributors believe The Home Depot (NYSE: HD), Old Dominion Freight Line (NASDAQ: ODFL), and AutoZone (NYSE: AZO) would make great additions to Buffett's portfolio for the long haul.
Too late to reconsider the one that got away?
Josh Kohn-Lindquist (The Home Depot): Trading with a market capitalization of around $300 billion, home improvement behemoth Home Depot is on a shrinking list of companies that Buffett couldn't buy outright with his growing cash hoard.
Ranking No. 25 on the Kantar BrandZ Top 100 Valuable Brands List for 2022, it may not be shocking to see Home Depot's total return above 500% over the last decade.
This is the exact type of brand power that Buffett traditionally likes to find with his investments -- look no further than his $160 billion stake in Apple, Kantar's No. 1 brand.
So should Buffett consider Home Depot for his next investment? He already did, in 2005 -- but it's one of the few picks that seemingly got away from him.
After initially snapping up shares of Home Depot in 2005, Buffett closed his position in full by 2010 as the Great Recession ended. While that's understandable considering the events of the time, Home Depot's share price would rise by over 700% since it was sold -- and its dividend increased consistently along the way.
However, with its share price having dropped around 27% year to date and trading with an attractive price-to-earnings ratio of only 18, Home Depot is worth a second look.
HD PE Ratio data by YCharts
Recording 7% sales growth year over year for the second quarter of 2022, Home Depot continued to prove that it is striking a beautiful balance between its Pro and do-it-yourself businesses. This balance is of particular importance to investors as it provides stability of sales, whether its customers are building new houses or remodeling old ones. This keeps Home Depot's operations surprisingly steady despite the volatility of the housing market.
Perhaps most impressively in the company's Q2earnings callwas its positive same-store comparables in each of its 19 United States geographical regions -- while Mexico and Canada grew even faster.
Consistently lowering its share count over time while steadily boosting its dividend along the way, Home Depot has been masterful at returning cash to shareholders.
HD Shares Outstanding data by YCharts
Despite all of these dividend increases, the company still only has a payout ratio of 45% -- meaning that there is plenty of room for further dividend growth.
Home Depot is trading at its lowest P/E of the last decade (outside of a brief moment in March 2020). Its brand power, steady operations, and consistent cash returns to shareholders make it an alluring pick for the Oracle of Omaha to consider buying again.
A transportation stock Buffett would love
Jeff Santoro (Old Dominion Freight Line): One of the most well-known investments made by Buffett is his stake in railroads. Burlington Northern Santa Fe (BNSF) is one of the largest railroad operators in North America, owning over 23,500 miles of track in 28 states and three Canadian provinces.
In 2009, Buffett was quoted as saying that a bet on the railroads was a bet on America. In that vein, I think there's another company that Buffett should consider adding to his portfolio: Old Dominion Freight Line.
For starters, Old Dominion has been a massive winner, outpacing the gain of the S&P 500 by over 1,100%. To put it another way, $10,000 invested in Old Dominion 10 years ago would be worth $146,000 today, while the same investment in an S&P 500 index fund would be worth $36,000.
A look at the most recent quarter gives some insight into what makes Old Dominion such a great investment. The second quarter of fiscal 2022 was record-setting for Old Dominion. Revenue was $1.7 billion, up 26% year over year and 11% sequentially. Net income reached $376 million, an increase of 40% compared to the year-ago quarter and 25% over the first quarter.
The company also reached an all-time low on operating ratio, which was 69.5% for the quarter. This means that Old Dominion's operating expenses account for only 69.5% of revenue, and it's the first time this ratio has ever been below 70%. Considering the inflationary pressures and high gas prices the company is facing, this is a very impressive result.
One competitive advantage Old Dominion has over its competition is its purposeful decision to operate with excess capacity. Essentially, Old Dominion aims to have the ability to ship 20% to 25% more goods even when that demand doesn't exist.
While this can be a drag on the business during slow times, it's a massive advantage when demand surges. Old Dominion's ability to take on the additional demand ends up winning it customers and helping the business gain market share.
Lastly, the company prioritizes profitability and growth equally. On the Q2earnings call management stated, "Any dollar that we invest needs to have an appropriate return with it." The company has a stated goal of keeping its operating ratio below 70% and doesn't "want to just grow for growth's sake." As a shareholder, that is music to my ears.
Beat inflation by getting in "the Zone"
Bradley Guichard (AutoZone): Buffett is one of the most successful investors ever because he doesn't follow trends or jump from stock to stock with every headline. Berkshire Hathaway's holdings are a who's who of solid profit-making companies.
AutoZone is a terrific fit because the company has a tremendous buyback program, inflation protection, and a fair valuation.
Apple makes up more than 40% of Berkshire's portfolio, and its prolific stock buyback program is a tremendous draw. However, AutoZone's buyback program is much larger as a percentage of the company's market cap. AutoZone has spent over $30 billion on buybacks since the program's inception in 1998 -- more than 70% of the current market cap. More than $4 billion, or 10% of the current market cap, was delivered in the last 12 months. You would be hard-pressed to find a company that can match this program pound for pound.
Vehicle prices are through the roof right now, and many folks feel priced out of the new and used vehicle markets. Prices have risen so fast that the damage is already done even when inflation ebbs. Automotive parts suppliers like AutoZone could be huge inflation winners as people hold on to their current vehicles. The anticipated demand for parts is a big reason AutoZone's stock is only down 1% this year, while the S&P 500 has tumbled 17%.
AutoZone stock is reasonably priced with a price-to-earnings (P/E) ratio under 19. This is lower than its chief competitor, O'Reilly Auto Parts, at 22.
AutoZone isn't going to make investors rich tomorrow; however, long-term shareholders could have turned a $10,000 investment into $40,000 in the last five years. Buybacks, tailwinds, valuation, and history indicate that AutoZone is an excellent addition to a diversified long-term portfolio.
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Bradley Guichard has positions in Apple and OReilly Automotive and has the following options: short October 2022 $165 calls on Apple. Jeff Santoro has positions in Apple, Berkshire Hathaway (B shares), and Old Dominion Freight Line. Josh Kohn-Lindquist has positions in Apple, AutoZone, and Old Dominion Freight Line. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway (B shares), Home Depot, and Old Dominion Freight Line. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Massive brands, wide moats, recession-proof operations, or a Benjamin Graham-worthy valuation -- there are many possible hallmarks of what may qualify a company as a "Buffett stock." Its brand power, steady operations, and consistent cash returns to shareholders make it an alluring pick for the Oracle of Omaha to consider buying again. Burlington Northern Santa Fe (BNSF) is one of the largest railroad operators in North America, owning over 23,500 miles of track in 28 states and three Canadian provinces.
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Three Fool.com contributors believe The Home Depot (NYSE: HD), Old Dominion Freight Line (NASDAQ: ODFL), and AutoZone (NYSE: AZO) would make great additions to Buffett's portfolio for the long haul. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway (B shares), Home Depot, and Old Dominion Freight Line. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Josh Kohn-Lindquist (The Home Depot): Trading with a market capitalization of around $300 billion, home improvement behemoth Home Depot is on a shrinking list of companies that Buffett couldn't buy outright with his growing cash hoard. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway (B shares), Home Depot, and Old Dominion Freight Line. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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So should Buffett consider Home Depot for his next investment? AutoZone stock is reasonably priced with a price-to-earnings (P/E) ratio under 19. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway (B shares), Home Depot, and Old Dominion Freight Line.
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19411.0
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2022-09-09 00:00:00 UTC
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ROKU Set to Launch The Rich Eisen Show on The Roku Channel
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AAPL
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https://www.nasdaq.com/articles/roku-set-to-launch-the-rich-eisen-show-on-the-roku-channel
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nan
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Roku Inc. ROKU awaits the debut of The Rich Eisen Show hosted by Rich Eisen on the Roku Channel on Sep 12. This is a two-time Emmy-nominated talk show, which features a mix of sports, humor, and pop culture.
Streamers can access the weekday live show through the FAST channel available on The Roku Channel and The Roku Channel’s Live TV Guide on Channel 210 from Monday-Friday, from 12:00-3:00 PM ET/9:00 AM-12:00 PM PT. The prior episodes of the show will be streamed when the broadcast is off air.
The show, which previously attracted renowned personalities from sports and entertainment like Tom Brady, Shaquille O’Neal, Matt Damon and more, is now expected to attract users to The Roku Channel as it launches just a week into NFL.
Roku, Inc. Price and Consensus
Roku, Inc. price-consensus-chart | Roku, Inc. Quote
The Roku Channel Expands Content Width
The Roku Channel has been focused on expanding its library. It recently added 14 new linear channels, of which the local news channels seemed to gain the most traction. Roku expects all the newly launched channels that offer a wide range of genres like Westerns, Spanish-language entertainment and true crime to drive viewers’ interest and increase active accounts.
The company boasts about maintaining its market leadership as it added 1.8 million incremental active accounts to reach 63.1 million in the second quarter of 2022.
The continued momentum of Roku Originals complements the company’s market leadership. The second season of Chrissy’s Court was the highest-rated unscripted Roku Originals launch ever and delivered four times more unique views than the first season.
The upcoming feature film WEIRD: The Al Yankovic Story, which is scheduled to be released on Nov 4, is anticipated to attract advertisers due to the new opportunities to engage with Roku Originals.
Roku recently announced a new product called Shoppable Ads, which makes shopping on TV streaming hassle-free. Its partnership with Walmart, a leading retail giant to be their exclusive retailer shows growth prospects in this business unit.
Considering these factors, the company estimates total net revenues to increase approximately 3% year over year to $700 million and total gross profits of roughly around $325 million.
Roku Faces Uncertainty and Stiff Competition
Despite investments toward expansion, COVID-19 and the Russia-Ukraine war have contributed to Roku facing a slowdown in TV advertising expenditure over the last two quarters.
This apart, the company faces significant competitive pressure from Amazon’s AMZN Fire TV Stick, Alphabet Inc’s GOOGL Chromecast and Apple’s AAPL Apple TV.
Roku’s shares have underperformed, having plunged 69.7% year to date compared to its peers — Amazon, Google and Apple — which have declined 22.2%, 24.4% and 13%, respectively. The Zacks Broadcast Radio and Television industry has seen a decline of 53.6% over the same period.
This Zacks Rank #3 (Hold) company will be facing macroeconomic challenges in the short term due to inflation, rising interest rates and global supply chain disruption. However, it is well poised for long-term growth, as its streaming stick stands are gaining preference and The Roku Channel is continuously diversifying into new types of content. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Roku, Inc. (ROKU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This apart, the company faces significant competitive pressure from Amazon’s AMZN Fire TV Stick, Alphabet Inc’s GOOGL Chromecast and Apple’s AAPL Apple TV. Apple Inc. (AAPL): Free Stock Analysis Report Roku expects all the newly launched channels that offer a wide range of genres like Westerns, Spanish-language entertainment and true crime to drive viewers’ interest and increase active accounts.
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This apart, the company faces significant competitive pressure from Amazon’s AMZN Fire TV Stick, Alphabet Inc’s GOOGL Chromecast and Apple’s AAPL Apple TV. Apple Inc. (AAPL): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report
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This apart, the company faces significant competitive pressure from Amazon’s AMZN Fire TV Stick, Alphabet Inc’s GOOGL Chromecast and Apple’s AAPL Apple TV. Apple Inc. (AAPL): Free Stock Analysis Report Streamers can access the weekday live show through the FAST channel available on The Roku Channel and The Roku Channel’s Live TV Guide on Channel 210 from Monday-Friday, from 12:00-3:00 PM ET/9:00 AM-12:00 PM PT.
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This apart, the company faces significant competitive pressure from Amazon’s AMZN Fire TV Stick, Alphabet Inc’s GOOGL Chromecast and Apple’s AAPL Apple TV. Apple Inc. (AAPL): Free Stock Analysis Report It recently added 14 new linear channels, of which the local news channels seemed to gain the most traction.
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19412.0
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2022-09-09 00:00:00 UTC
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Apple (AAPL) Expands TV+ Content With Selena Gomez Documentary
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AAPL
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https://www.nasdaq.com/articles/apple-aapl-expands-tv-content-with-selena-gomez-documentary
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Apple AAPL is expanding Apple TV+’s non-fiction content portfolio with the upcoming release of My Mind and Me, a new documentary on popular singer and actress Selena Gomez.
Directed by Alec Keshishian and produced by Lighthouse and Interscope Films, the documentary tracks Gomez’s mental health journey over the years.
My Mind and Me expands Apple’s documentary content portfolio that includes shows and movies like Home, Prehistoric Planet, Greatness Code and The BIG CONN.
Apple TV+ recently released docuseries GUTSY, based on a book by Hillary Clinton and daughter Chelsea Clinton, which highlights bold, courageous and influential women in society.
The docuseries follows Hillary and Chelsea Clinton across eight episodes as they discuss empowerment and influence with the likes of Wanda Sykes, Amy Schumer, rapper Megan Thee Stallion, Kim Kardashian, Gloria Steinem, Abby Wambach, Glennon Doyle, comedian Amber Ruffin and many others.
Apple TV’s Expanding Portfolio to Boost Market Share
Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict. The near-term outlook is not enthusiastic, given the headwinds.
Shares of the iPhone maker have been down 13% year to date, although it has managed to outperform the Zacks Computer & Technology sector’s decline of 28.9%.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
Nevertheless, Apple is keeping no stone unturned to make TV+ a success amid stiff competition in the streaming space from Netflix NFLX, Amazon AMZN and Disney DIS. Competition has further intensified, following the entrance of new services like HBO Max, Paramount+ and Peacock.
Apple TV+ is gaining recognition with its critically acclaimed and popular shows like Ted Lasso. This year, Apple TV+ has earned 52 Emmy nominations, with the second season of Ted Lasso getting 20 nominations overall. Another show, Severance garnered 14 total nominations in its first season.
Per the latest report by JustWatch, cited by 9TO5Mac, Apple TV+ has now surpassed 6% global market share, up from 5.6% reported in March. It is now chasing HBO Max. which has a market share of 7% (unchanged from March).
Netflix remains the leader with 27.3% market share followed by Amazon Prime Video and Disney+ with 24.3% and 18.2% market share, respectively.
For the period beginning January 2021 through August 2022, Apple TV+ grew 29%, while Netflix and Amazon Prime Video declined 14% and 19%, respectively.
Netflix, which is losing subscribers due to stiff competition, is set to launch a cheaper ad tier to attract subscribers. Disney+ is also following suit with its ad-tier offering.
Apple TV+, at a much affordable $4.99, is benefiting from quality content with its strong portfolio of original shows and movies. Its upcoming original movies include The Greatest Beer Run Ever starring Zac Efron, Causeway starring Jennifer Lawrence and Spirited starring Will Ferrell and Ryan Reynolds.
Moreover, Apple TV+ has been signing deals with the likes of Maya Rudolph's production company, Animal Pictures, along with Scott Free Productions, Appian Way, Sikelia Productions and Green Door Pictures, to name a few, to build its content portfolio.
Apple TV+ has also won exclusive rights to broadcast Major League Soccer worldwide for 10 years, starting from 2023.
Expansion of its content portfolio is expected to boost the subscriber base, which bodes well for the Services portfolio, of which Apple TV+ is part. This Zacks Rank #3 (Hold) company had more than 860 million paid subscribers across its Services portfolio at the end of the fiscal third quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks 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
Netflix, Inc. (NFLX): Free Stock Analysis Report
The Walt Disney Company (DIS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL is expanding Apple TV+’s non-fiction content portfolio with the upcoming release of My Mind and Me, a new documentary on popular singer and actress Selena Gomez. Apple Inc. (AAPL): Free Stock Analysis Report Directed by Alec Keshishian and produced by Lighthouse and Interscope Films, the documentary tracks Gomez’s mental health journey over the years.
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Apple AAPL is expanding Apple TV+’s non-fiction content portfolio with the upcoming release of My Mind and Me, a new documentary on popular singer and actress Selena Gomez. Apple Inc. (AAPL): Free Stock Analysis Report My Mind and Me expands Apple’s documentary content portfolio that includes shows and movies like Home, Prehistoric Planet, Greatness Code and The BIG CONN.
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Apple AAPL is expanding Apple TV+’s non-fiction content portfolio with the upcoming release of My Mind and Me, a new documentary on popular singer and actress Selena Gomez. Apple Inc. (AAPL): Free Stock Analysis Report Apple TV’s Expanding Portfolio to Boost Market Share Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
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Apple AAPL is expanding Apple TV+’s non-fiction content portfolio with the upcoming release of My Mind and Me, a new documentary on popular singer and actress Selena Gomez. Apple Inc. (AAPL): Free Stock Analysis Report Per the latest report by JustWatch, cited by 9TO5Mac, Apple TV+ has now surpassed 6% global market share, up from 5.6% reported in March.
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19413.0
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2022-09-09 00:00:00 UTC
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Google, Apple facing anti-competitive complaint in Mexico
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AAPL
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https://www.nasdaq.com/articles/google-apple-facing-anti-competitive-complaint-in-mexico
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nan
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nan
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MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday.
The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT.
His complaint accuses Apple and Google of "completely inhibit(ing) competition" by "taking advantage of their monopoly in app stores to tie use of their own payment processing systems for in-app purchases."
In his online statement, de Swaan Addati said Google's Play store and Apple's store charge 15%-20% commission, forcing price inflation.
Google declined to comment. Apple and the IFT were not immediately available for comment.
De Swaan Addati added that Mexico's competition regulator had declined his request to open an investigation into the companies, prompting him to take his case to the IFT.
"I have full confidence that (the IFT) will investigate and exercise its powers - in line with international best practices - so that these companies stop abusing their market power to the detriment of developers and consumers," he said.
According to data firm Statista, over 30 million smartphones were forecast to be sold in Mexico last year.
Google's Android has the largest market share in Mexico with 77% penetration, according to the latest data from Statcounter.
Apple is facing scrutiny elsewhere on the continent, with Brazilian regulators having banned the sale of iPhones without a charger earlier this week. .
(Reporting by Isabel Woodford and Sarah Morland; editing by Richard Pullin)
((Isabel.Woodford@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. His complaint accuses Apple and Google of "completely inhibit(ing) competition" by "taking advantage of their monopoly in app stores to tie use of their own payment processing systems for in-app purchases." De Swaan Addati added that Mexico's competition regulator had declined his request to open an investigation into the companies, prompting him to take his case to the IFT.
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MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. In his online statement, de Swaan Addati said Google's Play store and Apple's store charge 15%-20% commission, forcing price inflation.
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MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. De Swaan Addati added that Mexico's competition regulator had declined his request to open an investigation into the companies, prompting him to take his case to the IFT.
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MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. In his online statement, de Swaan Addati said Google's Play store and Apple's store charge 15%-20% commission, forcing price inflation.
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19414.0
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2022-09-09 00:00:00 UTC
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Roblox to launch 3D advertising next year
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AAPL
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https://www.nasdaq.com/articles/roblox-to-launch-3d-advertising-next-year
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nan
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nan
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Sept 9 (Reuters) - Online gaming firm Roblox Corp RBLX.N said on Friday it plans to launch 3D advertising on its platform next year, as it strives to diversify its revenue stream beyond in-game purchases.
It will test ads with developers and a handful of advertisers by the end of this year, Roblox said at its annual developers conference.
The 3D advertising, better known as "immersive ads", experience will only reach audiences aged 13 and above, Roblox said.
The announcement, however, comes at a time when a deteriorating economy continues to ravage the advertising industry, including giants such as Snap Inc SNAP.N and Facebook owner Meta Platforms META.O.
California-based Roblox, famous for its games "Jailbreak" and "MeepCity", has felt the pinch as reopening of schools after the lockdown and the red-hot inflation crimped user spending.
To combat the cooling demand, Roblox has been doubling down on the "metaverse", a virtual space where players can do everything from hanging out and chatting to shopping and attending concerts.
Currently, it generates most of its revenue from its virtual currency "Robux", which kids use to upgrade players' avatars by buying in-game items such as accessories or pets.
(Reporting by Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
((tiyashi.datta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 9 (Reuters) - Online gaming firm Roblox Corp RBLX.N said on Friday it plans to launch 3D advertising on its platform next year, as it strives to diversify its revenue stream beyond in-game purchases. The announcement, however, comes at a time when a deteriorating economy continues to ravage the advertising industry, including giants such as Snap Inc SNAP.N and Facebook owner Meta Platforms META.O. California-based Roblox, famous for its games "Jailbreak" and "MeepCity", has felt the pinch as reopening of schools after the lockdown and the red-hot inflation crimped user spending.
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Sept 9 (Reuters) - Online gaming firm Roblox Corp RBLX.N said on Friday it plans to launch 3D advertising on its platform next year, as it strives to diversify its revenue stream beyond in-game purchases. It will test ads with developers and a handful of advertisers by the end of this year, Roblox said at its annual developers conference. (Reporting by Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Shinjini Ganguli) ((tiyashi.datta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 9 (Reuters) - Online gaming firm Roblox Corp RBLX.N said on Friday it plans to launch 3D advertising on its platform next year, as it strives to diversify its revenue stream beyond in-game purchases. It will test ads with developers and a handful of advertisers by the end of this year, Roblox said at its annual developers conference. (Reporting by Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Shinjini Ganguli) ((tiyashi.datta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 9 (Reuters) - Online gaming firm Roblox Corp RBLX.N said on Friday it plans to launch 3D advertising on its platform next year, as it strives to diversify its revenue stream beyond in-game purchases. It will test ads with developers and a handful of advertisers by the end of this year, Roblox said at its annual developers conference. The 3D advertising, better known as "immersive ads", experience will only reach audiences aged 13 and above, Roblox said.
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19415.0
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2022-09-09 00:00:00 UTC
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Alphabet's (GOOGL) Google TV to Attract Users With New Feature
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AAPL
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https://www.nasdaq.com/articles/alphabets-googl-google-tv-to-attract-users-with-new-feature
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nan
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Alphabet’s GOOGL division Google is consistently adding features to the video-streaming platform, Google TV.
According to 9TO5Google, Google is gearing up to showcase content on Google TV with audio descriptions.
Per the report, the audio description will narrate the visual information and the movie’s general dialogue to help users with visual impairment understand the movie or TV shows properly.
To avail the audio description feature, users can press the Google Assistant button and say, “Search audio description movies”.
On the back of audio-description capability, Google aims to provide an enhanced experience to users with visual impairment.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
This, in turn, is expected to increase customer engagement on the Google TV platform.
Growing Google TV Initiatives
Apart from the latest step, GOOGL rolled out an innovative capability, Google TV Profiles, which let users create multiple profiles and switch among the same to get a personalized content experience.
Alphabet also released Google TV’s revamped screensaver, which shows customized results for weather, videos, music, quotes, sports score, and news and screensaver photos.
Additionally, Google TV was made available on iOS for iPhone and iPad users. It replaced the Google Play Movies & TV app on iOS.
Also, Alphabet’s growing efforts to expand Google TV app globally remain noteworthy. Currently, the Google TV app on Android is available in more than 100 countries. GOOGL has plans to expand further in the coming months.
All these endeavors will continue to help Google penetrate the growing streaming market rapidly.
Per a Fortune Business Insights report, the global video streaming market is expected to reach $1.69 trillion by 2029 from $473.4 billion in 2022, witnessing a CAGR of 19.9% between 2022 and 2029.
The underlined market has been witnessing significant growth for a while owing to the increasing number of video-streaming platforms as consumers are spending more on media and entertainment.
We believe, Google’s growing prospects in this booming market are likely to aid its parent company Alphabet in winning investors’ confidence in the near and the long term.
Shares of Alphabet have been down 25.2% in the year-to-date period, outperforming the Computer and Technology sector’s decline of 27.7%.
Competitive Market Scenario
Given the strong growth potential in the video-streaming market, the search-giant faces intense competition from the iPhone maker Apple AAPL.
Apple, which has lost 13.1% in the year-to-date period, is continuously witnessing solid momentum across its video-streaming platform Apple TV.
Apple’s growing interest in sports streaming remains a major positive. Recently, AAPL signed a multi-year agreement with Nike to create and produce sports movies. Further, its growing original and regional content portfolio is helping it expand its user base.
Nevertheless, Alphabet’s consistent enhancements of Google TV are expected to help it gain a competitive advantage over its aforesaid peer.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like ASE Technology ASX and Monolithic Power Systems MPWR, both carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ASE technology has lost 27.5% in the year-to-date period. The long-term earnings growth rate for ASX is currently projected at 23.1%.
Monolithic Power Systems has lost 11.1% in the year-to-date period. The long-term earnings growth rate for MPWR is currently projected at 25%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Apple Inc. (AAPL): Free Stock Analysis Report
Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report
ASE Technology Holding Co., Ltd. (ASX): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Competitive Market Scenario Given the strong growth potential in the video-streaming market, the search-giant faces intense competition from the iPhone maker Apple AAPL. Recently, AAPL signed a multi-year agreement with Nike to create and produce sports movies. Apple Inc. (AAPL): Free Stock Analysis Report
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Competitive Market Scenario Given the strong growth potential in the video-streaming market, the search-giant faces intense competition from the iPhone maker Apple AAPL. Recently, AAPL signed a multi-year agreement with Nike to create and produce sports movies. Apple Inc. (AAPL): Free Stock Analysis Report
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Competitive Market Scenario Given the strong growth potential in the video-streaming market, the search-giant faces intense competition from the iPhone maker Apple AAPL. Recently, AAPL signed a multi-year agreement with Nike to create and produce sports movies. Apple Inc. (AAPL): Free Stock Analysis Report
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Apple Inc. (AAPL): Free Stock Analysis Report Competitive Market Scenario Given the strong growth potential in the video-streaming market, the search-giant faces intense competition from the iPhone maker Apple AAPL. Recently, AAPL signed a multi-year agreement with Nike to create and produce sports movies.
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19416.0
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2022-09-09 00:00:00 UTC
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Wall Street set for weekly gain, boosted by growth stocks
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AAPL
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https://www.nasdaq.com/articles/wall-street-set-for-weekly-gain-boosted-by-growth-stocks
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nan
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nan
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By Carolina Mandl
Sept 9 (Reuters) - Wall Street's main indexes extended gains on Friday afternoon and were set to snap a three-week losing streak, as investors piled into technology and high-growth stocks ahead of key U.S. inflation data next week.
The gains came on the back of a sharp sell-off beginning in mid-August triggered by concerns about the impact of tighter monetary policies and signs of an economic slowdown in Europe and China.
Analysts said this week's market recovery is more related to previous overselling, as uncertainty remains high with regard to inflation and how aggressive the Federal Reserve will be in implementing interest rate hikes.
"It's not surprising we get a little bit of a bounce like we're getting here, as a lot of this is technical," said Jack Janasiewicz, lead portfolio strategist and portfolio manager at Natixis Investment Managers Solutions.
"I wouldn't be shocked if we started the week off with a little bit more strength and then we sort of settle down and give back a little bit as we get ready for the CPI," he added.
Investors are awaiting August's consumer prices (CPI) report on Tuesday for any signs that inflation may be easing. It is expected to show that prices rose at an 8.1% pace over the year in August, compared with 8.5% in July.
Wells Fargo economists expect headline inflation to log its steepest monthly decline since the peak of the pandemic in April 2020, helped by a pullback in gas prices.
All 11 major S&P sectors traded higher, with communication services .SPLRCL, technology .SPLRCT, energy .SPNY and consumer discretionary .SPLRCD leading the way.
High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O gained between 1.8% and slightly over 3%.
Fed Chair Jerome Powell said on Thursday that the U.S. central bank is "strongly committed" to controlling inflation but there remains hope it can be done without the "very high social costs" involved in prior inflation fights.
Several other Fed policymakers have also reiterated their commitment to fighting runaway inflation in recent weeks, making investors jittery about the prospects of another outsized interest rate hike from the Federal Reserve.
Traders are pricing in an 88% chance of a 75 basis point rate hike at the next meeting, up from 57% a week earlier, according to CME Group's Fedwatch Tool. FEDWATCH
The CBOE volatility index .VIX, a gauge of investor anxiety, fell to a two-week low of 22.64 but stayed above its long-term average of about 20.
At 2:37PM ET, the Dow Jones Industrial Average .DJI rose 408.12 points, or 1.28%, to 32,182.64, the S&P 500 .SPX gained 61.37 points, or 1.53%, to 4,067.55 and the Nasdaq Composite .IXIC added 232.85 points, or 1.96%, to 12,094.98.
U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, BofA said on Friday.
Kroger Co KR.N rose 6.9% after the grocer raised its annual forecast.
Shares of Tapestry Inc TPR.N rose 2.4% after the luxury handbag maker said it expects revenue of $8 billion by fiscal year 2025.
Advancing issues outnumbered declining ones on the NYSE by a 5.88-to-1 ratio; on Nasdaq, a 2.75-to-1 ratio favored advancers.
The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 42 new highs and 54 new lows.
(Reporting by Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Anil D'Silva, Maju Samuel and Cynthia Osterman)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O gained between 1.8% and slightly over 3%. By Carolina Mandl Sept 9 (Reuters) - Wall Street's main indexes extended gains on Friday afternoon and were set to snap a three-week losing streak, as investors piled into technology and high-growth stocks ahead of key U.S. inflation data next week. Analysts said this week's market recovery is more related to previous overselling, as uncertainty remains high with regard to inflation and how aggressive the Federal Reserve will be in implementing interest rate hikes.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O gained between 1.8% and slightly over 3%. Investors are awaiting August's consumer prices (CPI) report on Tuesday for any signs that inflation may be easing. Several other Fed policymakers have also reiterated their commitment to fighting runaway inflation in recent weeks, making investors jittery about the prospects of another outsized interest rate hike from the Federal Reserve.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O gained between 1.8% and slightly over 3%. By Carolina Mandl Sept 9 (Reuters) - Wall Street's main indexes extended gains on Friday afternoon and were set to snap a three-week losing streak, as investors piled into technology and high-growth stocks ahead of key U.S. inflation data next week. Several other Fed policymakers have also reiterated their commitment to fighting runaway inflation in recent weeks, making investors jittery about the prospects of another outsized interest rate hike from the Federal Reserve.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O and Amazon.com Inc AMZN.O gained between 1.8% and slightly over 3%. It is expected to show that prices rose at an 8.1% pace over the year in August, compared with 8.5% in July. At 2:37PM ET, the Dow Jones Industrial Average .DJI rose 408.12 points, or 1.28%, to 32,182.64, the S&P 500 .SPX gained 61.37 points, or 1.53%, to 4,067.55 and the Nasdaq Composite .IXIC added 232.85 points, or 1.96%, to 12,094.98.
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19417.0
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2022-09-09 00:00:00 UTC
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3 No-Brainer Tech Stocks to Buy if You Have Money to Invest
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AAPL
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https://www.nasdaq.com/articles/3-no-brainer-tech-stocks-to-buy-if-you-have-money-to-invest
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Finding the best tech stocks to buy now is a little more complicated than it was a year ago.
While the S&P 500 has held up relatively well, the bear market has been brutal for investors in individual stocks. Simply put, many individual names have been obliterated, particularly in tech. Given the selloff, it’s got investors looking for tech stocks to buy amid the weakness.
A handful of names have held up pretty well, like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). By and large though, tech has struggled immensely amid the volatility.
I want to look at a handful of tech stocks to buy even though they have been beaten down because they appear to have declined unfairly. Essentially, we are looking for good businesses and not-so-good stocks. Investors have quite a bit of leeway here too.
There are distressed tech stocks to buy based on balance sheet or cash flow strength. Or they could buy relative strength leaders, like the aforementioned Apple or Microsoft. I’m looking for a bit more of a blend — names that have held up to some degree but are businesses that continue to hum along. These are the best underappreciated tech stocks to buy.
AMD Advanced Micro Devices $84.84
PANW Palo Alto Networks $565.17
TTD The Trade Desk $66.64
Advanced Micro Devices (AMD)
Source: JHVEPhoto / Shutterstock.com
Right now, chip stocks aren’t performing all that well. Nvidia (NASDAQ:NVDA) recently reported pretty disappointing numbers and several others have as well. Some pre-announced poor results and others waited until the report. None of those are Advanced Micro Devices (NASDAQ:AMD) though.
Its doubters can’t believe it, but AMD continues to grow its revenue, earnings, margins and cash flow. The company reported strong results in August and while guidance was a little short of expectations, it was close to in-line and quite good.
I believe that if the rest of this group gets hit, then AMD stock will as well. It’s not fair, but that’s the reality. As it stands though, AMD stock will simply become of the tech stocks to buy on the dip.
Shares trade at roughly 19 times this year’s earnings, while the company is forecast to generate $26.2 billion in revenue. Next year, revenue estimates call for 13% growth to nearly $30 billion and for earnings to grow 12% to nearly $5 a share.
For what it’s worth, analysts have been consistently too conservative with this company in their forecasts.
Palo Alto Networks (PANW)
Source: Sundry Photography / Shutterstock.com
For whatever reason, investors tend to overlook cybersecurity stocks during times of trouble. That’s likely due to valuation, but when you listen to management at Palo Alto Networks (NASDAQ:PANW) — or any cybersecurity firm — they’ll tell you that just because the economy slows down doesn’t mean cybercrime does. If anything, the pace quickens.
On Aug. 22, the company delivered a top- and bottom-line earnings beat for its fiscal fourth-quarter results, as sales grew 27% year over year. Even better, the company’s FY guidance for 2023 was strong.
Management expects revenue of $6.85 billion to $6.90 billion vs. consensus expectations of $6.76 billion. If achieved, that would represent roughly 25% growth vs. 2022. Earnings guidance also topped analysts’ expectations.
The Trade Desk (TTD)
Source: Tada Images / Shutterstock.com
Lastly, we have The Trade Desk (NASDAQ:TTD). While it’s hard to say this, this may be one of the tech stocks to buy on a deeper dip. When The Trade Desk last reported earnings, it dropped a bullish bombshell on investors.
The stock had already rallied 30% in just a few days ahead of the print, then exploded higher by 36% in a single session after the report. That’s how good it was. However, when we look at the advertising space, there’s clearly a slowdown. So far, The Trade Desk seems well-insulated vs. these pressures. That’s great, but we must be aware of the macro pressures. Sort of like despite how AMD continues to out-execute its peers, its stock may be dragged lower.
If that’s the case for The Trade Desk, this is one to focus on.
Revenue grew 35% year over year and beat estimates, while guidance for the third quarter edged past expectations. While not blowing past expectations, The Trade Desk continues to generate substantial growth and it’s profitable, making it a rare combination for a growth stock right now.
Analysts expect 33% revenue growth this year and 24% to 27% growth through 2025. Earnings are forecast to double from 2022 to 2025 (not annually). If so, it’s one of the few ad companies that are excelling right now.
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.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post 3 No-Brainer Tech Stocks to Buy if You Have Money to Invest appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A handful of names have held up pretty well, like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). The company reported strong results in August and while guidance was a little short of expectations, it was close to in-line and quite good. Palo Alto Networks (PANW) Source: Sundry Photography / Shutterstock.com For whatever reason, investors tend to overlook cybersecurity stocks during times of trouble.
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A handful of names have held up pretty well, like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). AMD Advanced Micro Devices $84.84 PANW Palo Alto Networks $565.17 TTD The Trade Desk $66.64 Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Right now, chip stocks aren’t performing all that well. Shares trade at roughly 19 times this year’s earnings, while the company is forecast to generate $26.2 billion in revenue.
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A handful of names have held up pretty well, like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Finding the best tech stocks to buy now is a little more complicated than it was a year ago. AMD Advanced Micro Devices $84.84 PANW Palo Alto Networks $565.17 TTD The Trade Desk $66.64 Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Right now, chip stocks aren’t performing all that well.
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A handful of names have held up pretty well, like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). Given the selloff, it’s got investors looking for tech stocks to buy amid the weakness. As it stands though, AMD stock will simply become of the tech stocks to buy on the dip.
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19418.0
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2022-09-09 00:00:00 UTC
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Netflix (NFLX) Launches Lucky Luna, Expands Gaming Portfolio
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AAPL
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https://www.nasdaq.com/articles/netflix-nflx-launches-lucky-luna-expands-gaming-portfolio
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nan
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nan
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Netflix NFLX continues to expand its gaming portfolio to boost viewer engagement. The streaming giant recently introduced Lucky Luna and also announced several upcoming games including IMMORTALITY, Wild Things: Animal Adventures, Rival Pirates and more.
Netflix’s ongoing push into video games aims at improving viewers’ engagement with the platform amid rising competition in the streaming space. Netflix is facing tough competition from the likes of Disney DIS, Apple AAPL and Comcast CMCSA.
The company is planning to release 30 new gaming titles on its platform by the end of this year. Netflix already has several shows based on games like The Witcher, Arcane (based on League of Legends), The Cuphead Show, DOTA: Dragon’s Blood and Castlevania.
Netflix has also been taking the route of acquisitions to expand its footprint in the gaming industry. Since launching the game initiative in November 2021, the company has acquired several studios including Finland’s Next Games, Texas-based developer Boss Fight Entertainment and Night School Studio, the developer best known for its supernatural mystery adventure Oxenfree.
Netflix Suffering from Stiff Competition
Netflix’s shares have declined 62.3% year to date compared with the Zacks Consumer Discretionary sector’s decline of 33.6%.
Netflix, Inc. Price and Consensus
Netflix, Inc. price-consensus-chart | Netflix, Inc. Quote
Netlfix is suffering from stiff competition in the streaming space from the likes of Apple TV+, Amazon Prime Video, HBO Max, Disney+, Peacock, Paramount+ and TikTok. Moreover, the unfavorable impact of account sharing, a weak economy, multi-decade-high inflation and the Russia-Ukraine conflict are expected to hurt profitability.
In the second quarter of 2022, Netflix lost 0.97 million paid subscribers globally, lower than its estimate of losing 2 million users. It had added 1.54 million paid subscribers in the year-ago quarter. Netflix currently expects to gain 1 million paid subscribers in the third quarter of 2022.
In June, Netflix confirmed that it is set to launch an ad-supported tier to reduce its losses and bring more users to the platform. The new tier will cost less than the current ad-free service and is part of a plan to make Netflix more attractive to cost-conscious consumers.
This Zacks Rank #3 (Hold) company recently hired two of Snapchat parent Snap’s top executives to help it build its ad business. Netflix has already inked a partnership with Microsoft that makes the latter its technology and advertising sales partner. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company is reportedly planning to remove ads during kids’ movies and TV series, keeping kids’ programming commercial-free in its advertising-supported service. .
Netflix is following the footsteps of its rival Disney-owned Disney+. In May, Disney+ announced that preschool children who use their profile to watch the ad-supported Disney+ tier will not see any advertising.
Disney+’s ad-supported offering will be available starting Dec 8, 2022. The company has also reached out to affiliates and recently signed a new agreement with the ad-tech company, The Trade Desk, as part of an effort to boost the commercial inventory it sells via connected TV.
Disney is also expanding into international markets. Disney+, as of Jul 2, 2022, had 152.1 million paid subscribers compared with 116 million as of Jul 3, 2021.
Comcast’s Peacock is well poised to grow, owing to its vast library of IP and new productions. Comcast is also planning to leverage Sky’s brand and scale to expand Peacock’s footprint internationally.
Apple’s streaming service, Apple TV+, is gaining recognition, with Ted Lasso Season 2 garnering 20 Emmy Award nominations and CODA winning three Academy Awards. This is expected to boost its viewership.
Nevertheless, Netflix is expected to continue dominating the streaming space, courtesy of its diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content.
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
Comcast Corporation (CMCSA): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
The Walt Disney Company (DIS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Netflix is facing tough competition from the likes of Disney DIS, Apple AAPL and Comcast CMCSA. Apple Inc. (AAPL): Free Stock Analysis Report The streaming giant recently introduced Lucky Luna and also announced several upcoming games including IMMORTALITY, Wild Things: Animal Adventures, Rival Pirates and more.
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Netflix is facing tough competition from the likes of Disney DIS, Apple AAPL and Comcast CMCSA. Apple Inc. (AAPL): Free Stock Analysis Report Netflix NFLX continues to expand its gaming portfolio to boost viewer engagement.
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Netflix is facing tough competition from the likes of Disney DIS, Apple AAPL and Comcast CMCSA. Apple Inc. (AAPL): Free Stock Analysis Report Netflix Suffering from Stiff Competition Netflix’s shares have declined 62.3% year to date compared with the Zacks Consumer Discretionary sector’s decline of 33.6%.
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Netflix is facing tough competition from the likes of Disney DIS, Apple AAPL and Comcast CMCSA. Apple Inc. (AAPL): Free Stock Analysis Report Netflix NFLX continues to expand its gaming portfolio to boost viewer engagement.
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19419.0
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2022-09-09 00:00:00 UTC
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Google, Apple facing anti-competitive complaint in Mexico
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AAPL
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https://www.nasdaq.com/articles/google-apple-facing-anti-competitive-complaint-in-mexico-0
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nan
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nan
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Adds context
MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday.
The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT.
His complaint accuses Apple and Google of "completely inhibit(ing) competition" by "taking advantage of their monopoly in app stores to tie use of their own payment processing systems for in-app purchases."
In his online statement, de Swaan Addati said Google's Play store and Apple's store charge 15%-20% commission, forcing price inflation.
Google declined to comment. Apple and the IFT were not immediately available for comment.
A wave of lawsuits and complaints challenging the pair's app store rules in various countries over recent years has led Google to lower fees and Apple to loosen rules, but some app developers and other critics say more changes are needed.
De Swaan Addati added that Mexico's competition regulator had declined his request to open an investigation into the companies, prompting him to take his case to the IFT.
"I have full confidence that (the IFT) will investigate and exercise its powers - in line with international best practices - so that these companies stop abusing their market power to the detriment of developers and consumers," he said.
According to data firm Statista, over 30 million smartphones were forecast to be sold in Mexico last year.
Google's Android has the largest market share in Mexico with 77% penetration, according to the latest data from Statcounter.
Apple is facing scrutiny elsewhere in the region, with Brazilian regulators having banned the sale of iPhones without a charger earlier this week. .
(Reporting by Isabel Woodford and Sarah Morland; editing by Richard Pullin)
((Isabel.Woodford@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds context MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. His complaint accuses Apple and Google of "completely inhibit(ing) competition" by "taking advantage of their monopoly in app stores to tie use of their own payment processing systems for in-app purchases." De Swaan Addati added that Mexico's competition regulator had declined his request to open an investigation into the companies, prompting him to take his case to the IFT.
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Adds context MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. In his online statement, de Swaan Addati said Google's Play store and Apple's store charge 15%-20% commission, forcing price inflation.
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Adds context MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. A wave of lawsuits and complaints challenging the pair's app store rules in various countries over recent years has led Google to lower fees and Apple to loosen rules, but some app developers and other critics say more changes are needed.
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Adds context MEXICO CITY, Sept 9 (Reuters) - Apple AAPL.O and Alphabet's GOOGL.O Google are facing a probe over anti-competitive practices in Mexico after the country's former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico's telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications federation that was later replaced by IFT. His complaint accuses Apple and Google of "completely inhibit(ing) competition" by "taking advantage of their monopoly in app stores to tie use of their own payment processing systems for in-app purchases."
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19420.0
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2022-09-09 00:00:00 UTC
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EU to consult on Big Tech contribution to telco networks by end of Q1 2023
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AAPL
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https://www.nasdaq.com/articles/eu-to-consult-on-big-tech-contribution-to-telco-networks-by-end-of-q1-2023
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nan
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nan
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By Mathieu Rosemain
PARIS, Sept 9 (Reuters) - The European Union's executive body will launch a consultation on whether tech giants should bear some of the costs of Europe's telecoms network by the end of the first quarter of 2023, EU industry chief Thierry Breton said on Friday.
Europe's telecoms operators have for long lobbied for a financial contribution of U.S. tech firm's such as Alphabet's Google GOOGL.O, Meta's Facebook FB.O and Netflix NFLX.O, saying that they use huge part of the internet traffic.
"We also need to review whether the regulation is adapted with the 'GAFAs' (Google, Apple, Facebook, Amazon) for example, which use the bandwidth and the telecom operator," Breton told reporters, speaking in French.
GAFA is the French acronym to designate the U.S. biggest tech firms, including Netflix.
Breton said that this particular issue, or so-called potential "fair share" of U.S. tech companies in the financing of the European telecoms and internet infrastructure, will be part of a wider consultation.
(Reporting by Mathieu Rosemain, Editing by GV De Clercq and Tomasz Janowski)
((Mathieu.Rosemain@thomsonreuters.com; +33 1 8098 1239; Reuters Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/MathieuRosemain))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Mathieu Rosemain PARIS, Sept 9 (Reuters) - The European Union's executive body will launch a consultation on whether tech giants should bear some of the costs of Europe's telecoms network by the end of the first quarter of 2023, EU industry chief Thierry Breton said on Friday. Europe's telecoms operators have for long lobbied for a financial contribution of U.S. tech firm's such as Alphabet's Google GOOGL.O, Meta's Facebook FB.O and Netflix NFLX.O, saying that they use huge part of the internet traffic. Breton said that this particular issue, or so-called potential "fair share" of U.S. tech companies in the financing of the European telecoms and internet infrastructure, will be part of a wider consultation.
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By Mathieu Rosemain PARIS, Sept 9 (Reuters) - The European Union's executive body will launch a consultation on whether tech giants should bear some of the costs of Europe's telecoms network by the end of the first quarter of 2023, EU industry chief Thierry Breton said on Friday. Europe's telecoms operators have for long lobbied for a financial contribution of U.S. tech firm's such as Alphabet's Google GOOGL.O, Meta's Facebook FB.O and Netflix NFLX.O, saying that they use huge part of the internet traffic. "We also need to review whether the regulation is adapted with the 'GAFAs' (Google, Apple, Facebook, Amazon) for example, which use the bandwidth and the telecom operator," Breton told reporters, speaking in French.
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By Mathieu Rosemain PARIS, Sept 9 (Reuters) - The European Union's executive body will launch a consultation on whether tech giants should bear some of the costs of Europe's telecoms network by the end of the first quarter of 2023, EU industry chief Thierry Breton said on Friday. Europe's telecoms operators have for long lobbied for a financial contribution of U.S. tech firm's such as Alphabet's Google GOOGL.O, Meta's Facebook FB.O and Netflix NFLX.O, saying that they use huge part of the internet traffic. Breton said that this particular issue, or so-called potential "fair share" of U.S. tech companies in the financing of the European telecoms and internet infrastructure, will be part of a wider consultation.
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By Mathieu Rosemain PARIS, Sept 9 (Reuters) - The European Union's executive body will launch a consultation on whether tech giants should bear some of the costs of Europe's telecoms network by the end of the first quarter of 2023, EU industry chief Thierry Breton said on Friday. Europe's telecoms operators have for long lobbied for a financial contribution of U.S. tech firm's such as Alphabet's Google GOOGL.O, Meta's Facebook FB.O and Netflix NFLX.O, saying that they use huge part of the internet traffic. "We also need to review whether the regulation is adapted with the 'GAFAs' (Google, Apple, Facebook, Amazon) for example, which use the bandwidth and the telecom operator," Breton told reporters, speaking in French.
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19421.0
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2022-09-09 00:00:00 UTC
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US STOCKS-Wall St extends gains with growth stocks in the lead
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-extends-gains-with-growth-stocks-in-the-lead
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nan
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nan
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By Amruta Khandekar and Ankika Biswas
Sept 9 (Reuters) - Wall Street's main indexes rose on Friday, boosted by technology and high-growth stocks, as investors awaited key inflation data next week to gauge the pace of interest rate hikes by the Federal Reserve.
U.S. equities have stabilized this week after a sharp selloff that began in mid-August on worries about the impact of tighter monetary policy and a slowdown in Europe and China.
The indexes are on track to snap their three-week losing streak, despite hawkish remarks from Fed policymakers that boosted expectations of another outsized rate hike at the central bank's Sept. 20-21 meeting.
"We got oversold in the last couple of weeks in August and this is a relief rally," said Dennis Dick, head of markets structure at Triple D Trading.
"The market is, to a certain extent, getting ahead of next week's CPI (consumer prices index) data. It's fairly predictable that the data next week is going to be light. We've had significant commodity deflation over the course of the last four weeks."
Investors will watch for the August inflation report due next Tuesday for any signs that price pressures may be easing. It is expected to show that prices rose at an 8.1% pace over the year in August, compared with an 8.5% print for July.
Traders are pricing in an 86% chance of a 75 basis point rate hike at the next meeting, up from 57% a week earlier, according to CME Group's Fedwatch tool. FEDWATCH
Fed Chair Jerome Powell said on Thursday that the U.S. central bank is "strongly committed" to controlling inflation but there remains hope it can be done without the "very high social costs" involved in prior inflation fights.
Several Fed policymakers including Fed Kansas City President Esther George, a voting member of the rate-setting committee this year, are scheduled to speak later in the day.
All 11 major S&P sectors traded higher, with communication services .SPLRCL, technology .SPLRCT and consumer discretionary .SPLRCD leading the way.
High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.Oand Amazon.com Inc AMZN.O gained more than 1% each.
The CBOE volatility index .VIX, a gauge of investor anxiety, fell to a two-week low of 22.9 but stayed above its long-term average of 20.
At 10:24 a.m. ET, the Dow Jones Industrial Average .DJI was up 271.31 points, or 0.85%, at 32,045.83, the S&P 500 .SPX was up 42.48 points, or 1.06%, at 4,048.66, and the Nasdaq Composite .IXIC was up 170.53 points, or 1.44%, at 12,032.66.
Still, the S&P 500 and the Nasdaq are down nearly 6% and 8.3%, respectively, from their peaks hit in mid-August, as the Fed and other major central banks reaffirmed their commitment to bring down decades-high inflation.
U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, BofA said on Friday.
Kroger Co KR.N rose 3.4% after the U.S. grocer raised its annual forecast.
Advancing issues outnumbered decliners by a 7.81-to-1 ratio on the NYSE and 3.32-to-1 ratio on the Nasdaq.
The S&P index recorded six new 52-week highs and no new lows, while the Nasdaq recorded 34 new highs and 35 new lows.
(Reporting by Amruta Khandekar in Bengaluru; Editing by Anil D'Silva)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.Oand Amazon.com Inc AMZN.O gained more than 1% each. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes rose on Friday, boosted by technology and high-growth stocks, as investors awaited key inflation data next week to gauge the pace of interest rate hikes by the Federal Reserve. U.S. equities have stabilized this week after a sharp selloff that began in mid-August on worries about the impact of tighter monetary policy and a slowdown in Europe and China.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.Oand Amazon.com Inc AMZN.O gained more than 1% each. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes rose on Friday, boosted by technology and high-growth stocks, as investors awaited key inflation data next week to gauge the pace of interest rate hikes by the Federal Reserve. The indexes are on track to snap their three-week losing streak, despite hawkish remarks from Fed policymakers that boosted expectations of another outsized rate hike at the central bank's Sept. 20-21 meeting.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.Oand Amazon.com Inc AMZN.O gained more than 1% each. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes rose on Friday, boosted by technology and high-growth stocks, as investors awaited key inflation data next week to gauge the pace of interest rate hikes by the Federal Reserve. FEDWATCH Fed Chair Jerome Powell said on Thursday that the U.S. central bank is "strongly committed" to controlling inflation but there remains hope it can be done without the "very high social costs" involved in prior inflation fights.
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High-growth stocks such as Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.Oand Amazon.com Inc AMZN.O gained more than 1% each. The indexes are on track to snap their three-week losing streak, despite hawkish remarks from Fed policymakers that boosted expectations of another outsized rate hike at the central bank's Sept. 20-21 meeting. "The market is, to a certain extent, getting ahead of next week's CPI (consumer prices index) data.
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19422.0
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2022-09-09 00:00:00 UTC
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The Zacks Analyst Blog Highlights Apple, Absolute Software, Paylocity and Synchronoss
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AAPL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-apple-absolute-software-paylocity-and-synchronoss
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For Immediate Release
Chicago, IL – September 9, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple AAPL, Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR.
Here are highlights from Thursday’s Analyst Blog:
Apple (AAPL) Unveils 4 iPhone 14 Models at Yearly Event
Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7.
The company also launched the next-gen Airpods Pro, the Apple Watch Series 8, the new Apple Watch SE, Apple Watch Ultra and updates to Fitness+ at the event.
iPhone 14: iOS 16 and Emergency SOS via Satellite
Apple's 5G-supported iPhone 14 (6.1-inch) and iPhone 14 Plus (6.7-inch) are powered by the A15 Bionic chip with a 5-core GPU and feature an eSIM.
Apple stated that support for 5G on iPhone is now available from more than 250 carrier partners in more than 70 markets globally, with expanded support for standalone networks. Moreover, Apple has removed the SIM tray in the latest models in the United States replacing it with eSIM.
iPhone 14 models will be powered by iOS 16, featuring a reimagined Lock Screen. iOS 16 offers a host of new features. For instance, with Messages, users can now edit or recall recently sent messages, and mark conversations as unread to revisit them later. iCloud Shared Photo Library makes it easier for users to share a collection of photos with family.
iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
The iPhone Pro (6.1-inch) and Pro Max (6.7-inch) models feature Dynamic Island (a new design) and the Always-On display. These models are powered by an A16 Bionic chip.
iPhone 14 Pro introduces a 48MP Main camera, featuring a quad-pixel sensor and Photonic Engine.
Apple has launched iPhone 14 and iPhone 14 Plus in five new colors, midnight, blue, starlight, purple and red. These models will be available beginning Oct 7.
iPhone 14 Pro and iPhone 14 Pro Max will be available in four colors, deep purple, silver, gold, and space black. iPhone 14 Pro and Pro Max will be available beginning Sep 16.
Apple enhanced the safety features of iPhone 14 models with the introduction of Crash Detection and Emergency SOS via satellite. The latter feature will be available to users in the United States and Canada in November, and the service will be free for two years.
Apple Extends Fitness+ to All iPhone Users
Apple Fitness+ users will no longer need an Apple Watch to access Fitness+ features. Apple is expanding Fitness+ to all iPhone users in the 21 countries it is available.
Fitness+ will be fully integrated with the Fitness app coming with iOS 16 and located in the middle tab.
Beginning Sep 12, Fitness+ will introduce the fourth season of Time to Walk, featuring new guests including award-winning actor Regina Hall, Latin Grammy winner Nicky Jam and Emmy Award-winning performer Leslie Jordan.
Apple announced that with iOS 16, all Time to Walk and Time to Run episodes are available in the Fitness app on iPhone with a Fitness+ subscription.
Will New iPhones Boost Apple's Share Price?
Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone maker have been down 12.2% year to date. However, it has managed to outperform the Zacks Computer & Technology sector's decline of 30.2%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt its top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Moreover, the absence of revenues from Russia is expected to hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
Nevertheless, the new iPhones are expected to boost sales in the first quarter of fiscal 2023. Moreover, the Services portfolio, of which Fitness+ and Apple TV+ are a part, has emerged as Apple's new cash cow. Apple had more than 860 million paid subscribers across its Services portfolio at the end of the fiscal third quarter.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer & Technology sector are Absolute Software, Paylocity and Synchronoss, all sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Absolute shares have gained 14.9% in the year-to-date period. The Zacks Consensus Estimate for ABST's fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 4.4% in the year-to-date period. The Zacks Consensus Estimate for PCTY's fiscal 2023 earnings has been steady over the past 30 days to $3.58 per share.
Synchronoss shares have lost 39.3% in the year-to-date period. The consensus mark for SNCR's 2022 earnings has moved 220% higher to 16 cents per share over the past 30 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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.
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Apple Inc. (AAPL): Free Stock Analysis Report
Synchronoss Technologies, Inc. (SNCR): Free Stock Analysis Report
Paylocity Holding Corporation (PCTY): Free Stock Analysis Report
Absolute Software Corporation (ABST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Apple AAPL, Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR. Here are highlights from Thursday’s Analyst Blog: Apple (AAPL) Unveils 4 iPhone 14 Models at Yearly Event Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report
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Stocks recently featured in the blog include: Apple AAPL, Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR. Here are highlights from Thursday’s Analyst Blog: Apple (AAPL) Unveils 4 iPhone 14 Models at Yearly Event Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report
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Here are highlights from Thursday’s Analyst Blog: Apple (AAPL) Unveils 4 iPhone 14 Models at Yearly Event Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Stocks recently featured in the blog include: Apple AAPL, Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR. Apple Inc. (AAPL): Free Stock Analysis Report
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Here are highlights from Thursday’s Analyst Blog: Apple (AAPL) Unveils 4 iPhone 14 Models at Yearly Event Apple unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Stocks recently featured in the blog include: Apple AAPL, Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR. Apple Inc. (AAPL): Free Stock Analysis Report
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19423.0
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2022-09-09 00:00:00 UTC
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US STOCKS-Wall St set to extend gains on boost from tech stocks
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-extend-gains-on-boost-from-tech-stocks
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nan
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By Amruta Khandekar and Ankika Biswas
Sept 9 (Reuters) - Wall Street's main indexes were set to open higher on Friday following a boost from technology and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve.
Fed Chair Jerome Powell's hawkish comments spurred volatility in U.S. stock markets on Thursday, but the three major indexes are still on track to post weekly gains and snap a three-week losing streak.
"We got oversold in the last couple of weeks in August and this is a relief rally," said Dennis Dick, head of markets structure at Triple D Trading.
"The market is, to a certain extent, getting ahead of next week's CPI (consumer prices index) data. It's fairly predictable that the data next week is going to be light. We've had significant commodity deflation over the course of the last four weeks."
Investors will watch for the August U.S. inflation report due next Tuesday to gauge the likelihood of another large interest rate hike from the Fed at its policy meeting later in the month.
Traders are pricing in an 87% chance of a 75 basis point rate hike at the next meeting, up from 57% a week earlier, according to CME Group's Fedwatch tool. FEDWATCH
Several Fed policymakers including Fed Kansas City President Esther George, a voting member of the rate-setting committee this year, are scheduled to speak later in the day.
Adding to the upbeat mood on Friday was data showing China's consumer and producer prices rose less than expected in August, which fanned hopes for more stimulus from Beijing.
Still, the S&P 500 .SPX and the tech-heavy Nasdaq .IXIC are down nearly 7% and 9.6%, respectively, from their peaks hit in mid-August, as the Fed and other major central banks reaffirmed their commitment to bring down decades-high inflation.
U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, BofA said on Friday citing EPFR data.
At 8:51 a.m. ET, Dow e-minis 1YMcv1 were up 248 points, or 0.78%, S&P 500 e-minis EScv1 were up 36 points, or 0.9%, and Nasdaq 100 e-minis NQcv1 were up 139.5 points, or 1.13%.
The CBOE volatility index .VIX, a gauge of investor anxiety, remained elevated at 23 points, which is above its long-term average of 20.
High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O all rose more than 1% in premarket trading.
Digital World Acquisition Corp DWAC.O, the blank-check acquisition firm that agreed to merge with Donald Trump's social media company, was up 3.6%. The company said it would extend its life by three months after its bid to win a 12-month extension from its shareholders fell short.
Kroger Co KR.N rose 3.4% after the U.S. grocer raised its annual forecast.
(Reporting by Amruta Khandekar in Bengaluru; Editing by Anil D'Silva)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O all rose more than 1% in premarket trading. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes were set to open higher on Friday following a boost from technology and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve. Fed Chair Jerome Powell's hawkish comments spurred volatility in U.S. stock markets on Thursday, but the three major indexes are still on track to post weekly gains and snap a three-week losing streak.
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High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O all rose more than 1% in premarket trading. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes were set to open higher on Friday following a boost from technology and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve. "The market is, to a certain extent, getting ahead of next week's CPI (consumer prices index) data.
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High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O all rose more than 1% in premarket trading. By Amruta Khandekar and Ankika Biswas Sept 9 (Reuters) - Wall Street's main indexes were set to open higher on Friday following a boost from technology and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve. Fed Chair Jerome Powell's hawkish comments spurred volatility in U.S. stock markets on Thursday, but the three major indexes are still on track to post weekly gains and snap a three-week losing streak.
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High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O all rose more than 1% in premarket trading. "We got oversold in the last couple of weeks in August and this is a relief rally," said Dennis Dick, head of markets structure at Triple D Trading. "The market is, to a certain extent, getting ahead of next week's CPI (consumer prices index) data.
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19424.0
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2022-09-09 00:00:00 UTC
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3 Top Tech Stocks That Could Help Make You Richer by Retirement
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AAPL
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https://www.nasdaq.com/articles/3-top-tech-stocks-that-could-help-make-you-richer-by-retirement
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nan
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nan
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Technology stocks have been hit hard in 2022 as rising inflation and fears of recession slow consumer spending. As a result, the Nasdaq-100 Technology Sector index has fallen more than 34% year to date. But these stocks won't stay down forever, which might make now the perfect time to invest for the long term.
Patient investors are in good hands with technology stocks because many of the world's biggest tech companies have seen consistent growth for decades. Here are three tech stocks that could help you retire in comfort.
1. Microsoft
Forty-seven years since its founding, Microsoft (NASDAQ: MSFT) continues to be a stock that investors can count on. With behemoth products like Windows, Xbox, and Office, the company is a major player in nearly every industry in which it operates.
The company's planned acquisition of Activision Blizzard stands to make it the third-biggest gaming company by revenue behind Tencent and Sony. Meanwhile, Windows has remained the operating system installed on at least three-quarters of the world's PCs and laptops since 2013, claiming 76.3% of the market as of June 2022.
The company's venture into cloud computing has proved particularly lucrative. In the second quarter of 2022, Microsoft's cloud computing service Azure claimed 24% of cloud infrastructure spending, an increase from 22% the previous year, making it the second-most popular service after Amazon Web Services. The success bodes well for the company's earnings; according to Grand View Research, the cloud computing market is expected to grow close to 16% yearly and surpass $1.5 trillion by 2030.
The company's revenue has grown 18% to $198 billion since July 2021, with free cash flow rising 16% to $65 billion. Microsoft is a clear choice for investors in it for the long haul.
2. Apple
An investment in one of the most innovative technology companies in the world, Apple (NASDAQ: AAPL), is a surefire way to let your money work for you.
Warren Buffett heartily vouches for it, with the company being his largest holding through Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). The Buffett-led company ended the second quarter of 2022 with nearly 895 million shares of Apple stock, worth about $122 billion as of June 30 -- 41% of Berkshire's portfolio.
It's not surprising that Buffett would give the company such a vote of confidence. In a tough market for tech stocks year to date, the iPhone manufacturer's shares have fallen 15% versus the Nasdaq Composite's decline of 27% in the same time frame, demonstrating Apple's relative stability. The company has also posted increasing revenue and net income for the past three years despite the pandemic. In 2019, Apple's net sales totaled $260.2 billion; in 2021, it was $365.8 billion. Net income rose 71.3% in the same period, reaching $94.7 billion.
Apple has remained consistent in 2022 with its third-quarter revenue hitting a record $83 billion, a 2% year-over-year rise. The company has projected strong iPhone sales in 2023 and has a variety of promising launches in the second half of 2022, such as the iPhone 14, a redesigned Apple Watch, new iPads, and more.
3. AMD
Advanced Micro Devices (NASDAQ: AMD) has been in business for more than 53 years and continues to see impressive growth across multiple segments. The semiconductor company's primary sources of revenue are its Client segment, which supplies chips to various PC manufacturers, and its data center business.
In the second quarter of 2022, the Client segment was AMD's largest source of revenue, generating $2.2 billion, a 25% increase year over year. Meanwhile, its overall revenue increased 70% year over year to $6.6 billion. The figures are impressive, considering the PC market has suffered significantly in 2022, with decreased consumer spending causing PC shipments to fall by 15.3% since 2021.
In the company's second-quarter 2022 earnings call, AMD said it had gained client market share for nine consecutive quarters, having stolen share from Intel. AMD ended its second quarter with 20.6% of the desktop PC market and 24.8% of the notebook market, according to Mercury Research. The figures are a considerable rise from 2021's 17.1% for desktops and 20% for notebooks.
In addition to PC market share gains, AMD has seen promising growth in the gaming industry. The company supplies semi-custom chips to Microsoft, Sony, and Valve, which allowed its gaming business to grow by 32% year over year in the second quarter to $1.7 billion. It is likely AMD will retain its relationship with game console manufacturers for years to come, adding to its value.
With AMD's growing market share in the PC market and promising financials, its stock looks set to gain for years to come.
10 stocks we like better than Microsoft
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Activision Blizzard, Advanced Micro Devices, Amazon, Apple, Berkshire Hathaway (B shares), Intel, and Microsoft. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2023 $57.50 calls on Intel, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), short January 2023 $57.50 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple An investment in one of the most innovative technology companies in the world, Apple (NASDAQ: AAPL), is a surefire way to let your money work for you. The success bodes well for the company's earnings; according to Grand View Research, the cloud computing market is expected to grow close to 16% yearly and surpass $1.5 trillion by 2030. In a tough market for tech stocks year to date, the iPhone manufacturer's shares have fallen 15% versus the Nasdaq Composite's decline of 27% in the same time frame, demonstrating Apple's relative stability.
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Apple An investment in one of the most innovative technology companies in the world, Apple (NASDAQ: AAPL), is a surefire way to let your money work for you. In the second quarter of 2022, the Client segment was AMD's largest source of revenue, generating $2.2 billion, a 25% increase year over year. The Motley Fool has positions in and recommends Activision Blizzard, Advanced Micro Devices, Amazon, Apple, Berkshire Hathaway (B shares), Intel, and Microsoft.
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Apple An investment in one of the most innovative technology companies in the world, Apple (NASDAQ: AAPL), is a surefire way to let your money work for you. The company supplies semi-custom chips to Microsoft, Sony, and Valve, which allowed its gaming business to grow by 32% year over year in the second quarter to $1.7 billion. With AMD's growing market share in the PC market and promising financials, its stock looks set to gain for years to come.
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Apple An investment in one of the most innovative technology companies in the world, Apple (NASDAQ: AAPL), is a surefire way to let your money work for you. In the second quarter of 2022, the Client segment was AMD's largest source of revenue, generating $2.2 billion, a 25% increase year over year. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them!
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19425.0
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2022-09-09 00:00:00 UTC
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US STOCKS-Tech stocks drive gains in futures
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AAPL
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https://www.nasdaq.com/articles/us-stocks-tech-stocks-drive-gains-in-futures
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures: Dow 0.83%, S&P 0.91%, Nasdaq 1.16%
Sept 9 (Reuters) - U.S. stock index futures rose broadly on Friday, led by gains in tech and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve.
Fed Chair Jerome Powell's hawkish comments led to a choppiness in trading on Thursday, but the three major indexes were still on track to post weekly gains and snap a three-week losing streak.
The S&P 500 .SPX and the tech-heavy Nasdaq .IXIC are down nearly 7% and 9.6%, respectively, from their peaks hit in mid-August, as central bank officials stick to their stance of curbing decades-high inflation.
The CBOE volatility index .VIX, a gauge of investor anxiety, remained elevated at 23 points, which is above its long term average of 20.
Meanwhile, the U.S. dollar retreated from recent peaks after the European Central Bank's 75-basis point rate hike on Thursday helped boost sentiment and provide some relief for global stocks and currencies. FRX/
High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O firmed about 1% each in premarket trading.
Investors will now watch out for the August U.S. inflation report due next Tuesday to gauge the likelihood of another large interest rate hike from the Fed at its policy meeting later in the month.
Traders are pricing in an 87% chance of a 75 basis point rate hike at the next meeting, up from 57% a week earlier, according to CME Group's Fedwatch tool. FEDWATCH
At 6:41 a.m. ET, Dow e-minis 1YMcv1 were up 264 points, or 0.83%, S&P 500 e-minis EScv1 were up 36.5 points, or 0.91%, and Nasdaq 100 e-minis NQcv1 were up 143.25 points, or 1.16%.
Shares of Digital World Acquisition Corp DWAC.O, the blank-check company which has agreed to take former U.S. President Donald Trump's social media company public, rose 6.2% premarket after it said it would extend its life by three months.
Shares of Caterpillar Inc CAT.N rose 1.6% after the company reached a tax settlement with the U.S. IRS.
(Reporting by Amruta Khandekar in Bengaluru; Editing by Anil D'Silva)
((Amruta.Khandekar@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FRX/ High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O firmed about 1% each in premarket trading. Fed Chair Jerome Powell's hawkish comments led to a choppiness in trading on Thursday, but the three major indexes were still on track to post weekly gains and snap a three-week losing streak. Meanwhile, the U.S. dollar retreated from recent peaks after the European Central Bank's 75-basis point rate hike on Thursday helped boost sentiment and provide some relief for global stocks and currencies.
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FRX/ High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O firmed about 1% each in premarket trading. Futures: Dow 0.83%, S&P 0.91%, Nasdaq 1.16% Sept 9 (Reuters) - U.S. stock index futures rose broadly on Friday, led by gains in tech and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve. Meanwhile, the U.S. dollar retreated from recent peaks after the European Central Bank's 75-basis point rate hike on Thursday helped boost sentiment and provide some relief for global stocks and currencies.
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FRX/ High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O firmed about 1% each in premarket trading. Futures: Dow 0.83%, S&P 0.91%, Nasdaq 1.16% Sept 9 (Reuters) - U.S. stock index futures rose broadly on Friday, led by gains in tech and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve. Meanwhile, the U.S. dollar retreated from recent peaks after the European Central Bank's 75-basis point rate hike on Thursday helped boost sentiment and provide some relief for global stocks and currencies.
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FRX/ High growth stocks Tesla TSLA.O, Apple Inc AAPL.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O firmed about 1% each 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: Dow 0.83%, S&P 0.91%, Nasdaq 1.16% Sept 9 (Reuters) - U.S. stock index futures rose broadly on Friday, led by gains in tech and high-growth stocks, with investors awaiting key inflation data next week for clues on the pace of interest rate hikes by the Federal Reserve.
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2022-09-09 00:00:00 UTC
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3 Reasons Warren Buffett Loves Apple Stock
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AAPL
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https://www.nasdaq.com/articles/3-reasons-warren-buffett-loves-apple-stock
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nan
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nan
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Regardless of investing experience, almost everyone knows who Warren Buffett is. Especially today, investors are very curious about the Oracle of Omaha's stock portfolio. And why shouldn't they be? As the global economy continues to soften, it's not a bad idea to see where the elite stock picker is putting his cash. Currently, the top holding in Buffett's Berkshire Hathaway investment portfolio is tech giant Apple (NASDAQ: AAPL), and it's by a long shot.
The iPhone maker represents 40.1% of his portfolio today, miles ahead of Bank of America, which is the runner-up at 14.5%. Why does one of the world's most prominent investors love Apple stock so much? That's the million-dollar -- or should I say billion-dollar -- question of the day. Though there are many possible answers, let's discuss three reasons Buffett is the No. 1 fan of Apple stock.
Image source: Getty Images.
1. The power of the brand
If you completed a course on Warren Buffett investing 101, I'm certain you would quickly realize that the Oracle of Omaha loves companies with wide economic moats. In short, an economic moat means that a business enjoys competitive advantages that position it for long-term success. In Apple's case, the company has built a brand that is truly second to none; I'm honestly not sure if there's a more recognizable brand. Quite literally, if you search "most recognizable brands in the world" on your internet search engine, you'll find that Forbes compiled a list of most valuable brands as of 2020, and Apple claimed the top spot.
What does a powerful brand do for a company? The bottom line is that a company with fantastic brand recognition attracts and retains customers effortlessly, which means more money for the business. Counterpoint Research recently found that iPhones have surpassed Android for the first time in the history of smartphones, with Apple officially reigning over 50% of the U.S. market. The company'sglobal marketshare is 16% as of the second quarter of 2022, second behind competitor Samsung. As its brand continues to stretch around the world, the company is firmly positioned for long-term success.
2. Durable business model
In part because of its world-class brand, Apple operates an extremely sturdy business, another characteristic Buffett likes to search for. Many technology companies have struggled of late due to harsh macro conditions like high inflation and rising interest rates, but the iPhone maker continues to fire on all cylinders. In its third quarter, the company's total net sales grew 1.9% year over year to $83 billion, and its diluted earnings per share finished at $1.20. In its Products segment, iPhone sales carried the weight, rising 2.8% to $40.7 billion. Meanwhile, its budding Services segment increased 12.1% to $19.6 billion.
Though products like iPhone, iPad, and Mac are the backbone of its business, Apple's Services category will be its growth driver in the coming years. Its Services segment includes a wide range of businesses such as the App store, Apple TV+, Apple Music, Apple Care, and cloud services, among others. Thus, its growth picture has changed as it has evolved into one of the world's largest companies, but its business remains widely profitable and well insulated from macroeconomic conditions, especially compared to other tech firms.
3. Free cash flow generation
With a consistent business comes a lot of cash. As of Q2, the tech giant boasts a cash and cash equivalents position of $27.5 billion, and money keeps pouring in. In the second quarter alone, Apple generated $20.8 billion in free cash flow (FCF), bringing its total over the past 12 months to a jaw-dropping $107.6 billion. What can the company do with all that cash? In addition to reinvesting it into the business, it can also reward shareholders with dividend payments and stock buybacks -- two of Buffett's favorite things.
At the moment, Apple pays a quarterly dividend of $0.23 per share, equal to a 0.60% dividend yield. That's not necessarily an ideal yield for dividend investors. However, the company is the king of returning billions to its shareholders via stock buybacks. In its third quarter, the company returned $28 billion to its shareholders, bringing its total so far in fiscal 2022 up to roughly $82 billion. Stock buybacks are generally positive because they increase earnings per share (all else equal) and indicate that management believes the stock is undervalued, or that the company has a bright future ahead.
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. Luke Meindl has positions in Apple. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Currently, the top holding in Buffett's Berkshire Hathaway investment portfolio is tech giant Apple (NASDAQ: AAPL), and it's by a long shot. The power of the brand If you completed a course on Warren Buffett investing 101, I'm certain you would quickly realize that the Oracle of Omaha loves companies with wide economic moats. Many technology companies have struggled of late due to harsh macro conditions like high inflation and rising interest rates, but the iPhone maker continues to fire on all cylinders.
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Currently, the top holding in Buffett's Berkshire Hathaway investment portfolio is tech giant Apple (NASDAQ: AAPL), and it's by a long shot. In the second quarter alone, Apple generated $20.8 billion in free cash flow (FCF), bringing its total over the past 12 months to a jaw-dropping $107.6 billion. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Currently, the top holding in Buffett's Berkshire Hathaway investment portfolio is tech giant Apple (NASDAQ: AAPL), and it's by a long shot. Its Services segment includes a wide range of businesses such as the App store, Apple TV+, Apple Music, Apple Care, and cloud services, among others. Stock buybacks are generally positive because they increase earnings per share (all else equal) and indicate that management believes the stock is undervalued, or that the company has a bright future ahead.
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Currently, the top holding in Buffett's Berkshire Hathaway investment portfolio is tech giant Apple (NASDAQ: AAPL), and it's by a long shot. As its brand continues to stretch around the world, the company is firmly positioned for long-term success. See the 10 stocks *Stock Advisor returns as of August 17, 2022 Bank of America is an advertising partner of The Ascent, a Motley Fool company.
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19427.0
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2022-09-09 00:00:00 UTC
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These 3 Tech Stocks Are Building the Future
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AAPL
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https://www.nasdaq.com/articles/these-3-tech-stocks-are-building-the-future-2
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nan
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nan
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Many investors often focus on a company's near-term growth when deciding to buy or sell its stock. But over the past few decades, many of the market's greatest tech stocks generated massive multibagger gains for their investors because they constantly looked ahead instead of jogging in place and fretting over Wall Street's expectations.
Those forward-looking companies tend to have strong core businesses, plenty of cash, and visionary leaders who think about the future in terms of decades instead of quarters. Let's take a closer look at three tech giants that check all three boxes: Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
Image source: Getty Images.
1. Apple
Apple didn't invent the smartphone, but it ushered in the current era of touchscreen-based phones with the iPhone 15 years ago. It also didn't invent tablet computers or smartwatches, but it turned those niche gadgets into mainstream ones with the iPad and Apple Watch, respectively.
Apple's knack for reinventing products, its ability to lock users into its walled garden, its strong brand appeal, and its massive war chest of $179 billion in cash and marketable securities (as of the end of this June) should enable it to confidently launch new products and services over the next few decades.
Apple hasn't officially said much about its upcoming projects, but it's widely expected to launch augmented reality (AR) glasses and virtual reality (VR) headsets in the near future. It's also reportedly developing a dedicated App Store and operating system (rOS) for those devices, which could gradually reduce its dependence on the aging iPhone.
Apple has also been reportedly developing an electric vehicle. In a recent survey by Strategic Vision, 26% of new car owners said they would consider buying an "Apple Car" -- compared to just 20% who said they would consider buying a Tesla. That pent-up demand indicates Apple could eventually disrupt the EV market in the same way that it turned the smartphone, tablet, and smartwatch markets upside down.
2. Meta Platforms
Apple's expansion into the AR and VR market sets it on a collision course with Meta Platforms, the tech giant formerly known as Facebook, in the nascent metaverse market. Meta established a first-mover's advantage in that market by buying the VR headset maker Oculus in 2014, and then proceeding to launch the brand's first commercial headset in 2016.
Meta subsequently focused on the development of cheaper, smaller, and stand-alone VR headsets to eliminate its dependence on phones and PCs. Its current lineup of Quest headsets embodies that strategy. The Quest 2, which has shipped about 15 million units since its launch in October 2020, is now the best-selling stand-alone VR headset in the world.
Meta will reportedly launch its higher-end Quest Pro later this year for about $1,500. It's expected to launch the cheaper Quest 3, which will likely cost approximately $300 to $400 like its predecessors, sometime next year.
Meta is spending billions of dollars on these devices each year with little immediate return, but it believes they'll eventually tether more users to Horizon Worlds, its VR space for social activities. Horizon Worlds only hosted about 300,000 users earlier this year, but it could eventually evolve into a brand new (monetizable) social platform that could reduce Meta's dependence on Facebook and Instagram.
3. Alphabet
Alphabet still generates most of its revenue from Google's advertising business, which houses its core search engine, its sprawling advertising network, and YouTube. However, Google's sister companies within Alphabet -- the parent company it established in late 2015 -- house many of its more intriguing long-term projects.
Waymo, Alphabet's self-driving vehicle subsidiary, doesn't manufacture its own vehicles. Instead, it partners with other automakers to outfit their vehicles with its driverless technology. It's also been running road tests in various cities, testing out robotaxi services, and providing autonomous delivery services.
Verily, Alphabet's life sciences subsidiary, has been dabbling with nanoparticle-sensing wristbands, advanced surgical robots, glucose-monitoring contact lenses, and other "moonshot" gadgets that traditional medical device makers are unlikely to develop on their own. Another subsidiary, Calico, has been researching and developing treatments for age-related diseases with AbbVie.
None of these other subsidiaries will generate significant revenue or reduce Alphabet's dependence on Google anytime soon. But over the long term, they could spread Google's sprawling digital ecosystem well beyond PCs and mobile devices to reach cars and medical devices. They could also help Alphabet eventually evolve into a more diversified tech company.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun has positions in AbbVie, Alphabet (A shares), Apple, and Meta Platforms, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Apple, Meta Platforms, Inc., and Tesla. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's take a closer look at three tech giants that check all three boxes: Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). But over the past few decades, many of the market's greatest tech stocks generated massive multibagger gains for their investors because they constantly looked ahead instead of jogging in place and fretting over Wall Street's expectations. Meta is spending billions of dollars on these devices each year with little immediate return, but it believes they'll eventually tether more users to Horizon Worlds, its VR space for social activities.
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Let's take a closer look at three tech giants that check all three boxes: Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). See the 10 stocks *Stock Advisor returns as of August 17, 2022 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Apple, Meta Platforms, Inc., and Tesla.
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Let's take a closer look at three tech giants that check all three boxes: Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Meta Platforms Apple's expansion into the AR and VR market sets it on a collision course with Meta Platforms, the tech giant formerly known as Facebook, in the nascent metaverse market. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Apple, Meta Platforms, Inc., and Tesla.
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Let's take a closer look at three tech giants that check all three boxes: Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Meta Platforms Apple's expansion into the AR and VR market sets it on a collision course with Meta Platforms, the tech giant formerly known as Facebook, in the nascent metaverse 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!
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2022-09-09 00:00:00 UTC
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Warren Buffett Generates 71% of His Dividend Income From These 5 Stocks
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AAPL
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https://www.nasdaq.com/articles/warren-buffett-generates-71-of-his-dividend-income-from-these-5-stocks
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Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has a knack for making himself and his shareholders richer. Since taking over the role as CEO in 1965, he's led Berkshire Hathaway's Class A shares (BRK.A) to an aggregate return of 3,641,613% as of the end of 2021. For those of you keeping score at home, this works out to an average annual return of 20.1% over 57 years. That's nearly double the average annual total return, including dividends paid, of 10.5% for the S&P 500 over the same stretch.
While there's a laundry list of reasons for Buffett's consistent outperformance, such as his love of cyclical stocks and willingness to hold great companies for a long time, the unsung hero of the Oracle of Omaha's investment portfolio just might be dividend income.
Image source: The Motley Fool.
Dividend stocks are almost always profitable on a recurring basis and time-tested. What's more, they have a rich history of handily outperforming companies that don't pay a dividend over the long run.
Over the next 12 months, Warren Buffett's more than two dozen dividend-paying securities are expected to generate $6.07 billion in dividend income. Approximately 71% ($4.28 billion) of this $6.07 billion will come from just five holdings.
Chevron: $928,862,606 in dividend income
Thanks to second-quarter purchases by Berkshire Hathaway and New England Asset Management (aka Warren Buffett's secret portfolio), oil stock Chevron (NYSE: CVX) is Warren Buffett's top dividend stock. Over the next year, it's expected to generate close to $929 million in dividend income.
The Oracle of Omaha piling into energy stocks since the beginning of the year likely signifies his belief that oil and natural gas prices will remain well above average for the foreseeable future. Russia's invasion of Ukraine threw a monkey wrench into the global energy supply complex. When coupled with reduced investments in drilling, exploration, and infrastructure by oil majors during the pandemic, you have a recipe for supply constraints that won't be quickly remedied.
Warren Buffett is probably also a big fan of Chevron's integrated operating model. Although it generates its highest margins from drilling, Chevron also operates midstream and downstream assets. Midstream assets, such as transmission pipelines, typically work on fixed-fee or volume-based contracts. This is a fancy way of saying that no matter how volatile energy commodities become, midstream companies generate predictable cash flow.
Meanwhile, the company's downstream refineries and chemical plants benefit if input costs fall (i.e., the crude oil price declines). In other words, Chevron is well-hedged.
Bank of America: $908,909,765
Berkshire Hathaway is also on pace to collect some serious change from its more than 1 billion shares of Bank of America (NYSE: BAC). With BofA recently increasing its base annual payout to $0.88/share, Buffett's company should collect almost $909 million in dividend income over the next 12 months.
Large bank stocks like Bank of America epitomize Buffett's long-term view. Even though banks are cyclical and therefore struggle when recessions arise, the U.S. economy spends a disproportionate amount of time expanding relative to contracting. This allows a company like BofA to benefit from loan and deposit growth as the U.S. economy expands over long periods.
What makes Bank of America particularly intriguing is its interest rate sensitivity. No money-center bank sees its net-interest income ebb and flow more with changes to interest rates more than BofA. With the Federal Reserve aggressively combating historically high inflation by boosting interest rates, Bank of America is set to benefit from higher yields on its outstanding variable-rate loans.
Image source: Getty Images.
Occidental Petroleum: $897,950,559 (including preferred stock dividends)
The third passive-income powerhouse in Warren Buffett's portfolio is oil stock Occidental Petroleum (NYSE: OXY). Buffett's company should collect close to $98 million in dividend income from the 188 million-plus shares of Occidental it owns, as of Aug. 8, 2022, over the next 12 months. However, Berkshire Hathaway also nets a cool $800 million in annual income from the $10 billion in Occidental preferred stock it holds.
The upside catalyst for Occidental is, like Chevron, the prospect of oil and natural gas prices remaining elevated for years. Even though Occidental Petroleum is an integrated operator like Chevron, the company's sales and margins are even more skewed to its drilling operations. In short, Occidental gives Warren Buffett supercharged exposure to oil drilling at a time when energy commodity prices are sky-high.
But unlike the other dividend icons on this list, Occidental is an oddity given its highly levered balance sheet. The Oracle of Omaha usually avoids companies where debt could become an issue. In Occidental's case, it needs sustainably high oil prices for the foreseeable future to dig its way out of a large net-debt position.
Apple: $842,008,404
Perhaps it's no surprise that tech stock Apple (NASDAQ: AAPL) -- Berkshire Hathaway's largest holding by a long shot -- is one of Warren Buffett's top dividend stocks. Over the next 12 months, Berkshire should rake in just over $842 million in dividend income from Apple.
There's a lengthy list of reasons Apple has made such a great investment for so long. It's one of the most recognized brands in the world, has one of the most loyal customer bases of any publicly traded company, and it's led by innovation. The company's iPhone, Mac, and iPad have kept consumers coming back for more for well over a decade.
However, Apple's future is all about its subscription services. Although the company isn't abandoning the physical products that made it what it is today, CEO Tim Cook is overseeing a steady transition to services, which generate higher margins, produce even better customer loyalty, and should help minimize the sales lumpiness associated with product replacement cycles.
It's also worth noting that Apple's capital return program is pretty much unmatched. Since the beginning of 2013, Apple has repurchased in the neighborhood of $520 billion worth of its common stock.
Coca-Cola: $704,000,000
The fifth income giant for Warren Buffett is his longest-held stock: beverage giant Coca-Cola (NYSE: KO). Berkshire Hathaway has been continuously holding shares of Coca-Cola since 1988. Based on Berkshire's cost basis of roughly $3.25 on shares of Coke, Buffett's company is netting a jaw-dropping 54% yield relative to cost.
Aside from having a well-recognized brand, Coke's modest but steady growth is a reflection of its geographic diversity and marketing prowess. In terms of the former, Coca-Cola has operations ongoing in all but three countries worldwide (Cuba, North Korea, and Russia). Operating globally allows Coke to generate predictable cash flow in mature markets while benefiting from higher growth opportunities in emerging markets.
Coca-Cola's marketing has also been top-notch. Few other brands have demonstrated the ability to easily cross generational gaps and connect with consumers. Coke does this by promoting its holiday tie-ins, as well as pushing social media marketing campaigns to reach younger beverage connoisseurs.
Coca-Cola may not be the growth story it once was, but it's riding a 60-year streak of increasing its base annual payout. Very few publicly traded companies have a longer active streak.
10 stocks we like better than Chevron
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 Chevron 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 August 17, 2022
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Sean Williams has positions in Bank of America. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple: $842,008,404 Perhaps it's no surprise that tech stock Apple (NASDAQ: AAPL) -- Berkshire Hathaway's largest holding by a long shot -- is one of Warren Buffett's top dividend stocks. While there's a laundry list of reasons for Buffett's consistent outperformance, such as his love of cyclical stocks and willingness to hold great companies for a long time, the unsung hero of the Oracle of Omaha's investment portfolio just might be dividend income. The Oracle of Omaha piling into energy stocks since the beginning of the year likely signifies his belief that oil and natural gas prices will remain well above average for the foreseeable future.
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Apple: $842,008,404 Perhaps it's no surprise that tech stock Apple (NASDAQ: AAPL) -- Berkshire Hathaway's largest holding by a long shot -- is one of Warren Buffett's top dividend stocks. Chevron: $928,862,606 in dividend income Thanks to second-quarter purchases by Berkshire Hathaway and New England Asset Management (aka Warren Buffett's secret portfolio), oil stock Chevron (NYSE: CVX) is Warren Buffett's top dividend stock. This is a fancy way of saying that no matter how volatile energy commodities become, midstream companies generate predictable cash flow.
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Apple: $842,008,404 Perhaps it's no surprise that tech stock Apple (NASDAQ: AAPL) -- Berkshire Hathaway's largest holding by a long shot -- is one of Warren Buffett's top dividend stocks. Chevron: $928,862,606 in dividend income Thanks to second-quarter purchases by Berkshire Hathaway and New England Asset Management (aka Warren Buffett's secret portfolio), oil stock Chevron (NYSE: CVX) is Warren Buffett's top dividend stock. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Apple: $842,008,404 Perhaps it's no surprise that tech stock Apple (NASDAQ: AAPL) -- Berkshire Hathaway's largest holding by a long shot -- is one of Warren Buffett's top dividend stocks. Chevron: $928,862,606 in dividend income Thanks to second-quarter purchases by Berkshire Hathaway and New England Asset Management (aka Warren Buffett's secret portfolio), oil stock Chevron (NYSE: CVX) is Warren Buffett's top dividend stock. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway (B shares).
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19429.0
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2022-09-09 00:00:00 UTC
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India's Tata group in talks with Wistron to assemble iPhones - Bloomberg News
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AAPL
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https://www.nasdaq.com/articles/indias-tata-group-in-talks-with-wistron-to-assemble-iphones-bloomberg-news-0
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nan
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nan
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Adds details from report, background
NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhones in India, Bloomberg News reported on Friday.
The venture would be the Indian salt-to-software group's latest push into technology manufacturing as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter.
Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn 2317.TW, in line with the Indian government's push for local manufacturing.
It wasn't immediately clear if Apple was aware of the talks, the report said.
The plan could result in the Tata group buying equity in Wistron's India operations or the two companies building a new assembly plant, or executing both those moves, the report added.
Although details of the deal are not finalised, Tatas could end up with a share of Wistron's manufacturing business beyond smartphones as well, Bloomberg said.
Apple, Tata Group and Wistron did not immediately respond to requests for comment.
(Reporting by Tanvi Mehta; Editing by Muralikumar Anantharaman)
((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from report, background NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhones in India, Bloomberg News reported on Friday. The venture would be the Indian salt-to-software group's latest push into technology manufacturing as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter. Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn 2317.TW, in line with the Indian government's push for local manufacturing.
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Adds details from report, background NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhones in India, Bloomberg News reported on Friday. The venture would be the Indian salt-to-software group's latest push into technology manufacturing as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter. Apple, Tata Group and Wistron did not immediately respond to requests for comment.
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Adds details from report, background NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhones in India, Bloomberg News reported on Friday. The venture would be the Indian salt-to-software group's latest push into technology manufacturing as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter. The plan could result in the Tata group buying equity in Wistron's India operations or the two companies building a new assembly plant, or executing both those moves, the report added.
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Adds details from report, background NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhones in India, Bloomberg News reported on Friday. The venture would be the Indian salt-to-software group's latest push into technology manufacturing as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter. Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn 2317.TW, in line with the Indian government's push for local manufacturing.
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19430.0
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2022-09-09 00:00:00 UTC
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India's Tata group in talks with Wistron to assemble iPhones - Bloomberg News
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AAPL
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https://www.nasdaq.com/articles/indias-tata-group-in-talks-with-wistron-to-assemble-iphones-bloomberg-news
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nan
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nan
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NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhone's in India, Bloomberg News reported on Friday.
Apple, Tata Group and Wistron did not immediately respond to requests for comment.
(Reporting by Tanvi Mehta)
((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhone's in India, Bloomberg News reported on Friday. Apple, Tata Group and Wistron did not immediately respond to requests for comment. (Reporting by Tanvi Mehta) ((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhone's in India, Bloomberg News reported on Friday. Apple, Tata Group and Wistron did not immediately respond to requests for comment. (Reporting by Tanvi Mehta) ((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhone's in India, Bloomberg News reported on Friday. Apple, Tata Group and Wistron did not immediately respond to requests for comment. (Reporting by Tanvi Mehta) ((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NEW DELHI, Sept 9 (Reuters) - Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp 3231.TW to establish a joint venture to assemble Apple's AAPL.O iPhone's in India, Bloomberg News reported on Friday. Apple, Tata Group and Wistron did not immediately respond to requests for comment. (Reporting by Tanvi Mehta) ((tanvi.mehta@thomsonreuters.com; https://twitter.com/TanviMehta710;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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19431.0
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2022-09-09 00:00:00 UTC
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2 Top Stocks for Rapid Dividend Growth
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AAPL
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https://www.nasdaq.com/articles/2-top-stocks-for-rapid-dividend-growth
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nan
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nan
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It's tempting for investors seeking dividend income to limit their searches to only high-yielding dividend stocks. But investors who do this may risk putting too little emphasis on one other important factor: dividend-growth potential.
It stands to reason that stocks with high dividend yields are generally trading at cheaper valuations than companies with low dividend yields. But there's sometimes good reason for some dividend payers to command higher valuations than their peers. In many cases, that reason is simple: Some dividend stocks trade at pricier valuations because their businesses are top-notch and their dividends are likely to grow substantially in the years to come.
Two stocks with low dividend yields today that are still worthy of a dividend-investor's portfolio are Apple (NASDAQ: AAPL) and Domino's Pizza (NYSE: DPZ). With strong dividend-growth prospects for both companies, it makes sense that the two stocks trade at premium prices relative to their dividend payouts.
Apple
Apple has a dividend yield of just 0.6%, so it would be extremely easy for investors looking for income to pass on the tech stock. But investors who decide to examine the stock more closely may come to a different conclusion.
It doesn't take long when examining the company's financials to realize that the tech giant is a cash cow. The company generated nearly $108 billion of free cash flow over the trailing 12 months.
This understanding of the company's strong stream of cash flow quickly puts Apple's dividend growth potential into perspective. The company is paying out less than $15 billion of this free cash flow annually in dividends. There's plenty of room, therefore, for Apple's dividend growth to continue.
Helping to give investors confidence in the likelihood of dividend growth in the future, Apple has made a habit of increasing its dividend payout every year since it was initiated in 2012. Highlighting the company's dividend growth, Apple's current quarterly dividend of $0.23 ($0.92 annually) is up by 46% over the last five years.
Image source: Getty Images.
Domino's Pizza
Pizza delivery-company Domino's Pizza has a slightly higher dividend yield of 1.2%. Even so, it's still likely low enough for many dividend investors to overlook the stock as a good option for income.
There's good reason, however, to love this dividend payer. Not only is pizza delivery a predictable business and the company's brand well known, but Domino's dividend is growing very fast. Over the last five years, the pizza-company's quarterly payout has risen 139%. And strong dividend growth persists today, as the company most recently increased its dividend by 17%.
Looking ahead, more strong dividend growth from Domino's Pizza is likely, since the company is only paying out about a third of its free cash flow in dividends.
While Apple and Domino's Pizza have low dividend yields today, shareholders of these two companies will likely benefit from substantial dividend growth in the years to come. More importantly, investors will own shares of strong companies with powerful brands and significant long-term potential. These high-quality companies with promising dividend-growth potential are arguably worth their premium prices.
10 stocks we like better than Apple
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Daniel Sparks has positions in Apple. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple and Domino's Pizza. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two stocks with low dividend yields today that are still worthy of a dividend-investor's portfolio are Apple (NASDAQ: AAPL) and Domino's Pizza (NYSE: DPZ). With strong dividend-growth prospects for both companies, it makes sense that the two stocks trade at premium prices relative to their dividend payouts. This understanding of the company's strong stream of cash flow quickly puts Apple's dividend growth potential into perspective.
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Two stocks with low dividend yields today that are still worthy of a dividend-investor's portfolio are Apple (NASDAQ: AAPL) and Domino's Pizza (NYSE: DPZ). This understanding of the company's strong stream of cash flow quickly puts Apple's dividend growth potential into perspective. Highlighting the company's dividend growth, Apple's current quarterly dividend of $0.23 ($0.92 annually) is up by 46% over the last five years.
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Two stocks with low dividend yields today that are still worthy of a dividend-investor's portfolio are Apple (NASDAQ: AAPL) and Domino's Pizza (NYSE: DPZ). It stands to reason that stocks with high dividend yields are generally trading at cheaper valuations than companies with low dividend yields. Looking ahead, more strong dividend growth from Domino's Pizza is likely, since the company is only paying out about a third of its free cash flow in dividends.
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Two stocks with low dividend yields today that are still worthy of a dividend-investor's portfolio are Apple (NASDAQ: AAPL) and Domino's Pizza (NYSE: DPZ). Looking ahead, more strong dividend growth from Domino's Pizza is likely, since the company is only paying out about a third of its free cash flow in dividends. While Apple and Domino's Pizza have low dividend yields today, shareholders of these two companies will likely benefit from substantial dividend growth in the years to come.
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19432.0
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2022-09-08 00:00:00 UTC
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U.S. Senate panel delays vote on bill allowing news outlets to negotiate jointly with Big Tech
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AAPL
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https://www.nasdaq.com/articles/u.s.-senate-panel-delays-vote-on-bill-allowing-news-outlets-to-negotiate-jointly-with-big
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nan
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nan
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WASHINGTON, Sept 8 (Reuters) - The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet's GOOGL.O Google and Meta's META.O Facebook.
"Today we held over the bill in the Judiciary Committee in part because a colleague was out and we needed his vote on one amendment," said bill sponsor Senator Amy Klobuchar. "I fully plan to move forward with the bill."
Supporters of the bill have said that it is necessary in order to ensure that news organizations, which have struggled to make profits in recent years, receive a fair share of advertising revenue from Google and Facebook by allowing them to band together to negotiate collectively with the tech companies.
Unlike other bills aimed at reining in big tech, some progressive groups oppose this measure, including Public Knowledge, Common Cause and Consumer Reports. The groups joined a letter that criticized the measure because, among other things, it "favors big broadcasters such as News Corp, Sinclair, iHeart and Comcast/NBCU over any other form of journalism, and it undermines the stated goal of helping local news."
(Reporting by Diane Bartz; Editing by Mark Porter)
((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON, Sept 8 (Reuters) - The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet's GOOGL.O Google and Meta's META.O Facebook. Supporters of the bill have said that it is necessary in order to ensure that news organizations, which have struggled to make profits in recent years, receive a fair share of advertising revenue from Google and Facebook by allowing them to band together to negotiate collectively with the tech companies. Unlike other bills aimed at reining in big tech, some progressive groups oppose this measure, including Public Knowledge, Common Cause and Consumer Reports.
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WASHINGTON, Sept 8 (Reuters) - The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet's GOOGL.O Google and Meta's META.O Facebook. Supporters of the bill have said that it is necessary in order to ensure that news organizations, which have struggled to make profits in recent years, receive a fair share of advertising revenue from Google and Facebook by allowing them to band together to negotiate collectively with the tech companies. Unlike other bills aimed at reining in big tech, some progressive groups oppose this measure, including Public Knowledge, Common Cause and Consumer Reports.
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WASHINGTON, Sept 8 (Reuters) - The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet's GOOGL.O Google and Meta's META.O Facebook. "Today we held over the bill in the Judiciary Committee in part because a colleague was out and we needed his vote on one amendment," said bill sponsor Senator Amy Klobuchar. Supporters of the bill have said that it is necessary in order to ensure that news organizations, which have struggled to make profits in recent years, receive a fair share of advertising revenue from Google and Facebook by allowing them to band together to negotiate collectively with the tech companies.
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WASHINGTON, Sept 8 (Reuters) - The U.S. Senate Judiciary Committee scrapped a planned vote on Thursday aimed at allowing news organizations to win more revenue from Alphabet's GOOGL.O Google and Meta's META.O Facebook. "I fully plan to move forward with the bill." Unlike other bills aimed at reining in big tech, some progressive groups oppose this measure, including Public Knowledge, Common Cause and Consumer Reports.
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19433.0
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2022-09-08 00:00:00 UTC
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White House unveils principles for Big Tech reform
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AAPL
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https://www.nasdaq.com/articles/white-house-unveils-principles-for-big-tech-reform
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nan
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nan
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By David Shepardson and Nandita Bose
WASHINGTON, Sept 8 (Reuters) - The White House on Thursday outlined six principles to reform Big Tech platforms and said it was encouraged to see bipartisan interest in Congress to rein in major U.S. tech companies.
The six principles, entitled "Enhancing Competition and Tech Platform Accountability," were released after Biden administration officials earlier in the day met with experts to discuss "the harms that tech platforms cause and the need for greater accountability."
The White House said the United States needs "clear rules of the road to ensure small and mid-size businesses and entrepreneurs can compete on a level playing field."
"These principles are the culmination of months of work by the administration and engagement with numerous stakeholders," White House press secretary Karine Jean-Pierre told reporters. "We're looking forward to hearing any feedback from the tech companies."
A group of bipartisan lawmakers has introduced antitrust legislation aimed at reining in the four tech giants -- Meta Platform's META.O Facebook, Apple AAPL.O, Alphabet's GOOGL.O Google and Amazon.com AMZN.O -- that would bar the companies from favoring their own businesses in search results and other ways. The lawmakers have said they believe they have the 60 Senate votes needed to move forward, but no vote has yet been scheduled.
Among issues discussed at Thursday's meeting, which included numerous senior White House officials, District of Columbia Attorney General Karl Racine and technology experts, were antitrust, privacy, algorithmic discrimination and other tech policy areas, the White House said.
The six principles include promoting technology sector competition; adopting robust federal privacy protections, and tougher privacy and online protections for children; rescinding special legal protections for large tech platforms; increasing transparency about platforms' algorithms and content moderation decisions; and ending discriminatory algorithmic decision-making.
"The rise of tech platforms has introduced new and difficult challenges," the White House said, "from the tragic acts of violence linked to toxic online cultures, to deteriorating mental health and wellbeing, to basic rights of Americans and communities worldwide suffering from the rise of tech platforms big and small."
(Reporting by Diane Bartz, Nandita Bose and David Shepardson; Editing by Leslie Adler)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A group of bipartisan lawmakers has introduced antitrust legislation aimed at reining in the four tech giants -- Meta Platform's META.O Facebook, Apple AAPL.O, Alphabet's GOOGL.O Google and Amazon.com AMZN.O -- that would bar the companies from favoring their own businesses in search results and other ways. The White House said the United States needs "clear rules of the road to ensure small and mid-size businesses and entrepreneurs can compete on a level playing field." "These principles are the culmination of months of work by the administration and engagement with numerous stakeholders," White House press secretary Karine Jean-Pierre told reporters.
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A group of bipartisan lawmakers has introduced antitrust legislation aimed at reining in the four tech giants -- Meta Platform's META.O Facebook, Apple AAPL.O, Alphabet's GOOGL.O Google and Amazon.com AMZN.O -- that would bar the companies from favoring their own businesses in search results and other ways. By David Shepardson and Nandita Bose WASHINGTON, Sept 8 (Reuters) - The White House on Thursday outlined six principles to reform Big Tech platforms and said it was encouraged to see bipartisan interest in Congress to rein in major U.S. tech companies. Among issues discussed at Thursday's meeting, which included numerous senior White House officials, District of Columbia Attorney General Karl Racine and technology experts, were antitrust, privacy, algorithmic discrimination and other tech policy areas, the White House said.
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A group of bipartisan lawmakers has introduced antitrust legislation aimed at reining in the four tech giants -- Meta Platform's META.O Facebook, Apple AAPL.O, Alphabet's GOOGL.O Google and Amazon.com AMZN.O -- that would bar the companies from favoring their own businesses in search results and other ways. By David Shepardson and Nandita Bose WASHINGTON, Sept 8 (Reuters) - The White House on Thursday outlined six principles to reform Big Tech platforms and said it was encouraged to see bipartisan interest in Congress to rein in major U.S. tech companies. The six principles include promoting technology sector competition; adopting robust federal privacy protections, and tougher privacy and online protections for children; rescinding special legal protections for large tech platforms; increasing transparency about platforms' algorithms and content moderation decisions; and ending discriminatory algorithmic decision-making.
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A group of bipartisan lawmakers has introduced antitrust legislation aimed at reining in the four tech giants -- Meta Platform's META.O Facebook, Apple AAPL.O, Alphabet's GOOGL.O Google and Amazon.com AMZN.O -- that would bar the companies from favoring their own businesses in search results and other ways. By David Shepardson and Nandita Bose WASHINGTON, Sept 8 (Reuters) - The White House on Thursday outlined six principles to reform Big Tech platforms and said it was encouraged to see bipartisan interest in Congress to rein in major U.S. tech companies. The White House said the United States needs "clear rules of the road to ensure small and mid-size businesses and entrepreneurs can compete on a level playing field."
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19434.0
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2022-09-08 00:00:00 UTC
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Why Globalstar Stock Is Going Down Again
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AAPL
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https://www.nasdaq.com/articles/why-globalstar-stock-is-going-down-again
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nan
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nan
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What happened
Well that was certainly exciting! Over the course of six and a half hours of frenzied trading, shares of satellite communications company Globalstar (NYSEMKT: GSAT) first plunged 23%, then soared 85% (off their lows), before ultimately closing out Wednesday right back where they started -- actually, down 1.4% for the day. And now it's getting worse.
As Thursday trading shifts into the afternoon, at 1 p.m. ET, shares of Globalstar are down another 5.8% from yesterday's close. And I fear Apple (NASDAQ: AAPL) may be to blame for it all.
So what
Heading into its big iPhone 14 unveiling, you see, Apple announced midday Wednesday that it will partner with Globalstar to support a new function on its phone -- the ability to text short, emergency messages via satellite when a user is traveling through a cellphone dead zone.
Investors had been waiting all year long for this news, but when the news finally arrived this week, it seems they were disappointed. Why is that?
Consider: Apple committed to spending $450 million building up the infrastructure it will need to offer this new service, and according to Reuters, the "majority" of this money is earmarked for Globalstar. Problem is, while $450 million sounds like a lot of money (Globalstar did less than $140 million in revenue over the past year), it won't be enough money to cover Globalstar's costs of building additional satellites to support the Apple service. Globalstar said it will need to take on new debt for this, adding to a debt load that's already nearly $350 million net of cash.
Now what
Granted, Globalstar should be able to service its new debt with revenue from the Apple service -- but it remains to be seen how much Apple will actually pay Globalstar for its satellite communications assistance. It's hard to imagine that there's a huge amount of money, though, in facilitating the sending of short, emergency text messages that no one actually wants to have to send unless they're caught in a dead zone. And whatever the cost is, it probably won't be a lot -- because Apple is offering this emergency service free of charge for the first two years of service.
Chances are Apple wouldn't be willing to eat those costs if they were very large -- or more pertinent to investors, if they would generate very much revenue for Globalstar. And I'm afraid in the end, this leaves Globalstar stock right back where it was before the announcement: As an unprofitable satellite company with a $3.5 billion market capitalization, selling for a price-to-sales ratio that's actually several times more expensive than Apple's own P/S ratio. Maybe the better play here is to forget about unprofitable Globalstar and just buy Apple stock instead.
10 stocks we like better than Globalstar
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 Globalstar 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 August 17, 2022
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And I fear Apple (NASDAQ: AAPL) may be to blame for it all. Over the course of six and a half hours of frenzied trading, shares of satellite communications company Globalstar (NYSEMKT: GSAT) first plunged 23%, then soared 85% (off their lows), before ultimately closing out Wednesday right back where they started -- actually, down 1.4% for the day. So what Heading into its big iPhone 14 unveiling, you see, Apple announced midday Wednesday that it will partner with Globalstar to support a new function on its phone -- the ability to text short, emergency messages via satellite when a user is traveling through a cellphone dead zone.
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And I fear Apple (NASDAQ: AAPL) may be to blame for it all. Over the course of six and a half hours of frenzied trading, shares of satellite communications company Globalstar (NYSEMKT: GSAT) first plunged 23%, then soared 85% (off their lows), before ultimately closing out Wednesday right back where they started -- actually, down 1.4% for the day. Problem is, while $450 million sounds like a lot of money (Globalstar did less than $140 million in revenue over the past year), it won't be enough money to cover Globalstar's costs of building additional satellites to support the Apple service.
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And I fear Apple (NASDAQ: AAPL) may be to blame for it all. Problem is, while $450 million sounds like a lot of money (Globalstar did less than $140 million in revenue over the past year), it won't be enough money to cover Globalstar's costs of building additional satellites to support the Apple service. Now what Granted, Globalstar should be able to service its new debt with revenue from the Apple service -- but it remains to be seen how much Apple will actually pay Globalstar for its satellite communications assistance.
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And I fear Apple (NASDAQ: AAPL) may be to blame for it all. Problem is, while $450 million sounds like a lot of money (Globalstar did less than $140 million in revenue over the past year), it won't be enough money to cover Globalstar's costs of building additional satellites to support the Apple service. Now what Granted, Globalstar should be able to service its new debt with revenue from the Apple service -- but it remains to be seen how much Apple will actually pay Globalstar for its satellite communications assistance.
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19435.0
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2022-09-08 00:00:00 UTC
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Starlink had talks with Apple over satellite messaging feature - Musk
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AAPL
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https://www.nasdaq.com/articles/starlink-had-talks-with-apple-over-satellite-messaging-feature-musk
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nan
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nan
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Recasts paragraph 1; adds background
Sept 8 (Reuters) - Elon Musk said on Thursday SpaceX had promising talks with Apple Inc AAPL.O about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Globalstar GSAT.A for the task.
Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United States and Canada to send emergency messages from remote places, the satellite communications company said on Wednesday after Apple launched its latest line of phones.
"We've had some promising conversations with Apple about Starlink connectivity," Musk, who is also chief executive of Tesla Inc TSLA.O, said in a tweet.
"For sure, closing link from space to phone will work best if phone software and hardware adapt to space-based signals vs Starlink purely emulating cell tower," he added. (https://bit.ly/3eD2i8p)
Apple did not immediately respond to a request for comment.
The satellite message feature will be available through a software upgrade on iPhone 14 models, which include extra hardware to send the messages, starting November.
Apple will pay for 95% of the approved capital expenditure for the new Globalstar satellites. It also dedicated $450 million from its advanced manufacturing fund toward the satellite infrastructure for the feature, with GlobalStar set to receive the majority of the funding.
Starlink and Globalstar make low-earth orbit (LEO) satellites, which operate 36 times closer to the earth than traditional ones, helping them transmit messages faster even in remote areas.
Recently, wireless carrier T-Mobile US Inc TMUS.O said it would use Starlink satellites to provide mobile users with network access in parts of the United States, allowing them to connect mobile phones directly to satellites in orbit. The new service will start with texting services in a beta phase beginning by 2023-end.
Starlink's broadband service has been used during distress, including in Ukraine when the Russian invasion disrupted internet services, and in Tonga during a devastating volcanic eruption and tsunami.
(Reporting by Eva Mathews and Nivedita Balu in Bengaluru; Editing by Anil D'Silva and Devika Syamnath)
((Eva.Mathews@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recasts paragraph 1; adds background Sept 8 (Reuters) - Elon Musk said on Thursday SpaceX had promising talks with Apple Inc AAPL.O about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Globalstar GSAT.A for the task. Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United States and Canada to send emergency messages from remote places, the satellite communications company said on Wednesday after Apple launched its latest line of phones. Starlink and Globalstar make low-earth orbit (LEO) satellites, which operate 36 times closer to the earth than traditional ones, helping them transmit messages faster even in remote areas.
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Recasts paragraph 1; adds background Sept 8 (Reuters) - Elon Musk said on Thursday SpaceX had promising talks with Apple Inc AAPL.O about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Globalstar GSAT.A for the task. Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United States and Canada to send emergency messages from remote places, the satellite communications company said on Wednesday after Apple launched its latest line of phones. Recently, wireless carrier T-Mobile US Inc TMUS.O said it would use Starlink satellites to provide mobile users with network access in parts of the United States, allowing them to connect mobile phones directly to satellites in orbit.
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Recasts paragraph 1; adds background Sept 8 (Reuters) - Elon Musk said on Thursday SpaceX had promising talks with Apple Inc AAPL.O about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Globalstar GSAT.A for the task. Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United States and Canada to send emergency messages from remote places, the satellite communications company said on Wednesday after Apple launched its latest line of phones. Recently, wireless carrier T-Mobile US Inc TMUS.O said it would use Starlink satellites to provide mobile users with network access in parts of the United States, allowing them to connect mobile phones directly to satellites in orbit.
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Recasts paragraph 1; adds background Sept 8 (Reuters) - Elon Musk said on Thursday SpaceX had promising talks with Apple Inc AAPL.O about using Starlink's satellite services for the iPhone 14's emergency messaging feature, a day after the tech giant picked Globalstar GSAT.A for the task. Globalstar would build the satellites needed for the new feature that will allow iPhone 14 users in the United States and Canada to send emergency messages from remote places, the satellite communications company said on Wednesday after Apple launched its latest line of phones. The satellite message feature will be available through a software upgrade on iPhone 14 models, which include extra hardware to send the messages, starting November.
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19436.0
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2022-09-08 00:00:00 UTC
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7 Bear Market Stocks to Buy and Hold Forever
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AAPL
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https://www.nasdaq.com/articles/7-bear-market-stocks-to-buy-and-hold-forever
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Bear markets generally signal that investors’ overall sentiment is negative Such markets are usually, but not always, associated with recessions. And most of the statistics about the history of bear-market stocks don’t instill a lot of confidence in investors.
But there is reason for investors to be cautiously optimistic at this point. On the one hand, the 27 bear markets since 1928 have lasted for an average of 9.6 months, and stocks have declined 36% on average during those downturns.
While neither of those statistics is particularly encouraging, investors also know that bear markets provide them with great opportunities to find deals. As Warren Buffett famously said, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
AAPL Apple $156.07
CVX Chevron $154.91
CPB Campbell Soup $48.05
KO Coca-Cola $62.21
ALLY Ally Financial $33
TSM Taiwan Semiconductor $80.53
GOOG Alphabet $110.18
Apple (AAPL)
Source: pio3 / Shutterstock.com
Apple (NASDAQ:AAPL) stock is currently beset by volatility. Some believe that Apple is at a turning point signifying the beginning of the end of its stellar run. They contend that either AAPL’s revenue growth will dramatically slow or the shares’ valuation will drop.
The revenue-growth argument doesn’t seem to hold much water at all: Last quarter, its revenue rose 2% year-over-year to $83.0 billion, setting a record for the June quarter.
The argument that AAPL shares are overpriced is more nuanced. The stock’s current P/E ratio of 25.9 is higher than the ten-year median of 15.87. But the stock’s P/E ratio remains lower than its all-time high of 37.84.
However, Warren Buffett’s Apple shares are worth more than any of the other single stocks that he owns. And AAPL seems to be able to drive impressive revenue from its products, so AAPL stock is arguably as strong as ever.
Chevron (CVX)
Source: tishomir / Shutterstock.com
There’s no doubt that the energy sector is rapidly shifting. Chevron (NYSE:CVX) is a good example of this evolution, which involves a shift from the traditional energy business, defined by oil and gas, to one that includes a far greater percentage of alternative energy.
Investors who believe that oil and gas will continue to be dominant because the excitement about renewable energy is overblown should consider Chevron. But it’s worth noting that the global investment in renewable energy did reach a record $226 billion in the first half of 2022.
But it’s clear that Chevron is booming: high energy prices enabled the firm to generate $11.62 billion of net income in its most recent, reported quarter.
Usually, the price of CVX stock isn’t volatile even as energy prices vacillate. The shares also pay a dividend that hasn’t been reduced since 1988. Combine those factors with a belief that oil isn’t dead in the U.S., and the shares’ outlook is strong.
Campbell Soup (CPB)
Source: HeinzTeh / Shutterstock.com
More and more financial and economic commentators are coming around to the idea that a recession is upon us or will arrive soon. That makes Campbell Soup (NYSE:CPB) stock, which is a play on impending hard times, attractive.
That said, evidence that consumers will buy more soup and broth to stretch their meals hasn’t exactly materialized yet. CPB’s sales increased in its most recent, reported quarter, but its sales volumes fell 3% as its prices climbed.
Campbell Soup also had to cope with higher costs as its net income decreased to $96 million last quarter from $288 million during the same period a year earlier.
So why should investors consider buying Campbell Soup’s stock? Its market share remains steady, and the company is investing in strengthening its supply chain. That should help it raise its margins. Further, CPB stock has provided 41% greater returns than the NYSE Composite over the past ten years.
Coca-Cola (KO)
Source: Fotazdymak / Shutterstock.com
Investors shouldn’t buy Coca-Cola (NYSE:KO) stock with the expectation that its price will rise quickly. That’s because Coca-Cola’s share prices hold very steady even in turbulent times. In 2022, its prices have only varied between $57 and $66, while the stock markets have fallen drastically.
Coca-Cola’s dividend should interest investors as much as the fluctuations of its stock price. Because it’s the dividend that really makes KO stock a long-term winner. It currently yields 2.85%. Add that to the slow, steady growth of its share price, and the beauty of compounding begins to become apparent.
Even if Coca-Cola doesn’t continue to benefit from the rebound of consumer spending during the global reopening, it will remain a defensive stock to which investors flee during hard economic times. As a result, KO stock should climb even if Coke’s best-case business scenarios fail to materialize.
That said, the company expects its revenue to increase by double-digit-percentages this year.
Ally Financial (ALLY)
Source: JHVEPhoto/Shutterstock.com
Financial services firms like Ally Financial (NYSE:ALLY) tend to perform decently during tougher times. But ALLY stock is still down approximately one-third in 2022. But as another InvestorPlace columnist, Thomas Niel, recently noted, it’s the Buffett connection that makes Ally Financial interesting.
His firm increased its position in Ally Financial by 234% last quarter. That was despite the fact that there are concerns over a potential, impending auto-loan crisis. If those concerns are overblown, as Buffett’s investment suggests, then ALLY looks to be a great choice for value investors. Its P/E ratio of 4.8 has a lot to do with the latter thesis.
Ally Financial looks like a contrarian play on the digital finance space, and it appears to have a bright future.
Taiwan Semiconductor Manufacturing (TSM)
Source: Sundry Photography / Shutterstock.com
Taiwan Semiconductor Manufacturing’s (NYSE:TSM) foundries produce half of the chips used across the globe. Given the importance of microchips to our everyday lives, it’s easy to understand why TSM is a vitally important company. Many have even suggested that it is the most important firm in the world, period.
In accordance with the position of its home country, which is closely aligned with the U.S. and its allies, the chip maker plans to build new fabrication plants in America and Japan.
It is also investing heavily in developing chips that are smaller than 10 nanometers. Such chips are considered to be cutting-edge. These chips should generate higher sales volumes and more elevated prices .
TSM has long been the leading chip maker due to its technology that others cannot match. That, along with its partnerships, make TSM stock a winning bet.
Alphabet (GOOG)
Google (NASDAQ:GOOG,GOOGL) stock has fallen 24% in 2022, but that is little reason to abandon ship. Those who have lost money on the shares should hold onto GOOG stock. The investors who have no position in the name should consider establishing one.
Google’s business isn’t doing nearly as bad as you may have been led to believe. In fact, the company continues to grow on most fronts. The problem is that it isn’t growing as quickly as some might like. But that shouldn’t dissuade contrarian investors from buying GOOG stock.
Google search, network, YouTube, and Ads grew year-over-year in Q2, as did Google Cloud. The firm’s net income was nearly stagnant YOY, but that shouldn’t worry investors much. Its bottom line will rebound in time as the economy cycles out of this downturn. That could take awhile, but the shares will almost certainly reward their owners over the long-term.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks.Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
The post 7 Bear Market Stocks to Buy and Hold Forever appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As Warren Buffett famously said, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” AAPL Apple $156.07 CVX Chevron $154.91 CPB Campbell Soup $48.05 KO Coca-Cola $62.21 ALLY Ally Financial $33 TSM Taiwan Semiconductor $80.53 GOOG Alphabet $110.18 Apple (AAPL) Source: pio3 / Shutterstock.com Apple (NASDAQ:AAPL) stock is currently beset by volatility. They contend that either AAPL’s revenue growth will dramatically slow or the shares’ valuation will drop. The argument that AAPL shares are overpriced is more nuanced.
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As Warren Buffett famously said, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” AAPL Apple $156.07 CVX Chevron $154.91 CPB Campbell Soup $48.05 KO Coca-Cola $62.21 ALLY Ally Financial $33 TSM Taiwan Semiconductor $80.53 GOOG Alphabet $110.18 Apple (AAPL) Source: pio3 / Shutterstock.com Apple (NASDAQ:AAPL) stock is currently beset by volatility. They contend that either AAPL’s revenue growth will dramatically slow or the shares’ valuation will drop. The argument that AAPL shares are overpriced is more nuanced.
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As Warren Buffett famously said, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” AAPL Apple $156.07 CVX Chevron $154.91 CPB Campbell Soup $48.05 KO Coca-Cola $62.21 ALLY Ally Financial $33 TSM Taiwan Semiconductor $80.53 GOOG Alphabet $110.18 Apple (AAPL) Source: pio3 / Shutterstock.com Apple (NASDAQ:AAPL) stock is currently beset by volatility. They contend that either AAPL’s revenue growth will dramatically slow or the shares’ valuation will drop. The argument that AAPL shares are overpriced is more nuanced.
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As Warren Buffett famously said, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” AAPL Apple $156.07 CVX Chevron $154.91 CPB Campbell Soup $48.05 KO Coca-Cola $62.21 ALLY Ally Financial $33 TSM Taiwan Semiconductor $80.53 GOOG Alphabet $110.18 Apple (AAPL) Source: pio3 / Shutterstock.com Apple (NASDAQ:AAPL) stock is currently beset by volatility. They contend that either AAPL’s revenue growth will dramatically slow or the shares’ valuation will drop. The argument that AAPL shares are overpriced is more nuanced.
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19437.0
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2022-09-08 00:00:00 UTC
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Why Apple Fell Today
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AAPL
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https://www.nasdaq.com/articles/why-apple-fell-today
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nan
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nan
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What happened
Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. ET. While not a tremendous decline, it was notably weaker performance than the market overall as well as the tech-heavy Nasdaq Composite, which were both positive on the day at that time.
Today's weakness could be attributed to some "selling the news" by traders following yesterday's event, in which Apple unveiled new iPhones, watches, and services, with more incremental innovation than any great leaps forward. Additionally, it appears most large-cap tech stocks of the FAANG cohort were underperforming today, with other lower-valued parts of tech such as semiconductors outperforming, so there may be some rotation going on here.
So what
Yesterday, Apple unveiled a slew of updates to its product portfolio, mostly centering on incremental health and emergency features for the new iPhone 14, as well as improved battery and camera specs. The biggest surprise may have been that Apple wasn't raising prices on the iPhone 14, perhaps making a play for more market share in order to boost future services revenue. The most "new" product was a $799 Apple Watch Ultra, designed for extreme athletes. However, that is a relatively limited market.
So, there may have been some selling from traders who were hoping for a more "revolutionary" release. However, since other large-cap tech stocks were down today, there could also be some market rotation going on.
This morning, weekly jobless claims came in below expectations, which means the labor market is still incredibly strong despite Federal Reserve's interest rate hikes. The strength of the labor market seems to indicate the Federal Reserve can perhaps raise rates more than thought without tipping the economy into recession. This morning, Fed Chair Jay Powell gave an interview in which he said he believed the Fed could bring inflation down without the severe social costs seen in the 1980s, when inflation was more entrenched.
Apple, trading at more than 25 times earnings, has become somewhat of a safe-haven stock in the technology world. However, Powell's remarks may have led some to believe higher interest rates may not lead to a severe recession as some have feared.
Meanwhile, the recent market downturn has really decimated other corners of the tech market, especially quasi-cyclical stocks like semiconductors and formerly high-flying software companies. So, some traders may be selling the large-cap safe havens and buying these other parts of the technology market that have become cheap, assuming no recession.
Now what
While today's underperformance is notable, one day doesn't make much difference over the long term, and there are no big worries with Apple at the moment. This Warren Buffett favorite has a tremendously wide moat, tons of cash, and terrific leadership. Meanwhile, the absence of iPhone price hikes this year could lead Apple to gain even more market share against Android-based devices.
While the upside may not be as great as some other more beaten-down, smaller technology stocks, Apple remains a rock-solid company to anchor your portfolio.
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Billy Duberstein has positions in Apple and has the following options: short January 2023 $210 calls on Apple. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. Today's weakness could be attributed to some "selling the news" by traders following yesterday's event, in which Apple unveiled new iPhones, watches, and services, with more incremental innovation than any great leaps forward. So what Yesterday, Apple unveiled a slew of updates to its product portfolio, mostly centering on incremental health and emergency features for the new iPhone 14, as well as improved battery and camera specs.
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What happened Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. Today's weakness could be attributed to some "selling the news" by traders following yesterday's event, in which Apple unveiled new iPhones, watches, and services, with more incremental innovation than any great leaps forward. This morning, weekly jobless claims came in below expectations, which means the labor market is still incredibly strong despite Federal Reserve's interest rate hikes.
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What happened Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. Meanwhile, the recent market downturn has really decimated other corners of the tech market, especially quasi-cyclical stocks like semiconductors and formerly high-flying software companies. See the 10 stocks *Stock Advisor returns as of August 17, 2022 Billy Duberstein has positions in Apple and has the following options: short January 2023 $210 calls on Apple.
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What happened Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. Today's weakness could be attributed to some "selling the news" by traders following yesterday's event, in which Apple unveiled new iPhones, watches, and services, with more incremental innovation than any great leaps forward. However, Powell's remarks may have led some to believe higher interest rates may not lead to a severe recession as some have feared.
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19438.0
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2022-09-08 00:00:00 UTC
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Alphabet (GOOGL) Bolsters Map Offerings With Latest Feature
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AAPL
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https://www.nasdaq.com/articles/alphabet-googl-bolsters-map-offerings-with-latest-feature
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nan
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nan
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Alphabet’s GOOGL division Google is consistently working toward adding innovative features to Google Maps.
According to 9TO5Google, Google has added a capability to Google Maps, which lets users know the most fuel-efficient route if they specify the vehicle’s engine type, whether it’s gas, petrol, diesel, hybrid or an electric vehicle.
Reportedly, Google used insights from the United States Department of Energy’s National Renewable Energy Laboratory and the European Environment Agency. GOOGL combined these data with Google Maps-driving trends and built advanced machine learning models trained on the most popular engine types in a given region.
The recent feature is rolling out in the United States, Canada and Europe over the coming weeks.
This apart, Google introduced eco-friendly routing to Maps to nearly 40 countries across Europe to highlight directions that use less fuel.
Users in European countries can view the ‘most fuel-efficient’ leaf badge on Google Maps, which shows the app-preferred route to reduce fuel cost and carbon emissions. They can disable this feature from the overflow menu on the directions page to use the fastest route.
The introduction of an eco-friendly route feature and the most fuel-efficient route on vehicle engine-type specification is expected to boost the adoption rate of Maps in the abovementioned countries in the days ahead.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Growing Google Maps Initiatives
The recent global initiatives bode well for GOOGL’s increasing efforts toward bringing innovative features for a clean and sustainable environment.
Earlier this year, the eco-friendly routing feature was rolled out in the United States, Canada and Germany.
Reportedly, Google has estimated to have removed more than half a million metric tons of carbon emissions since the feature was launched in the United States and Canada. This shows the growing adoption of Google Maps.
Further, Google added a widget to Google Maps, which updates information on nearby traffic at the user’s current location.
Additionally, Google introduced a feature to Searches and Maps, which shows “Identifies as LGBTQ+ owned” on the business profiles of sellers belonging to the LGBTQ+ community.
Google is also making efforts to show estimated toll prices for the planned routes on Google Maps to users of both Android and iOS.
All these endeavors will continue to strengthen Google Maps, helping Google drive momentum among its users. This, in turn, is likely to get reflected in the performance of the Google Services segment, which will benefit Alphabet’s overall financial performance.
Google Services generated $62.8 billion revenues (90.2% of total revenues) in second-quarter 2022, up 10.1% from the prior-year quarter’s level.
Moreover, strengthening financial performance will aid GOOGL in winning investors’ confidence in the near term. Shares of GOOGL have been down 24.5% in the year-to-date period, outperforming the Computer and Technology sector’s decline of 30.2%.
Rising Competition
Alphabet faces intense competitive pressure from another technology giant, Apple AAPL, which is witnessing solid momentum among customers on the back of its location-showing services.
Apple, which has gained 0.6% in the year-to-date period, offers its web mapping service named Apple Maps. It provides directions and an estimated arrival time for driving, walking, cycling and public transportation navigation.
Recently, Apple introduced a capability to its Apple Maps app for iOS 16 users, which lets them add multi-stop routing to the app.
Nevertheless, Alphabet’s consistent launch of eco-friendly features to Google Maps is expected to help it gain a competitive advantage over its aforesaid peer.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like ASE Technology ASX and Monolithic Power Systems MPWR, both carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ASE technology has lost 29.2% in the year-to-date period. The long-term earnings growth rate for ASX is currently projected at 23.1%.
Monolithic Power Systems has lost 13.4% in the year-to-date period. The long-term earnings growth rate for MPWR is currently projected at 25%.
Special Report: The Top 5 IPOs for Your Portfolio
Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.
>>See Zacks’ Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report
ASE Technology Holding Co., Ltd. (ASX): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rising Competition Alphabet faces intense competitive pressure from another technology giant, Apple AAPL, which is witnessing solid momentum among customers on the back of its location-showing services. Apple Inc. (AAPL): Free Stock Analysis Report Users in European countries can view the ‘most fuel-efficient’ leaf badge on Google Maps, which shows the app-preferred route to reduce fuel cost and carbon emissions.
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Rising Competition Alphabet faces intense competitive pressure from another technology giant, Apple AAPL, which is witnessing solid momentum among customers on the back of its location-showing services. Apple Inc. (AAPL): Free Stock Analysis Report Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like ASE Technology ASX and Monolithic Power Systems MPWR, both carrying a Zacks Rank #2 (Buy) at present.
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Rising Competition Alphabet faces intense competitive pressure from another technology giant, Apple AAPL, which is witnessing solid momentum among customers on the back of its location-showing services. Apple Inc. (AAPL): Free Stock Analysis Report Alphabet’s GOOGL division Google is consistently working toward adding innovative features to Google Maps.
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Rising Competition Alphabet faces intense competitive pressure from another technology giant, Apple AAPL, which is witnessing solid momentum among customers on the back of its location-showing services. Apple Inc. (AAPL): Free Stock Analysis Report According to 9TO5Google, Google has added a capability to Google Maps, which lets users know the most fuel-efficient route if they specify the vehicle’s engine type, whether it’s gas, petrol, diesel, hybrid or an electric vehicle.
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19439.0
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2022-09-08 00:00:00 UTC
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Apple (AAPL) Stock Sinks As Market Gains: What You Should Know
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AAPL
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https://www.nasdaq.com/articles/apple-aapl-stock-sinks-as-market-gains%3A-what-you-should-know-0
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nan
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nan
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In the latest trading session, Apple (AAPL) closed at $154.45, marking a -0.97% move from the previous day. This change lagged the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the maker of iPhones, iPads and other products had lost 7.85% over the past month. This has was narrower than the Computer and Technology sector's loss of 8.24% and lagged the S&P 500's loss of 3.79% in that time.
Wall Street will be looking for positivity from Apple as it approaches its next earnings report date. The company is expected to report EPS of $1.25, up 0.81% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $88.01 billion, up 5.58% from the year-ago period.
AAPL's full-year Zacks Consensus Estimates are calling for earnings of $6.10 per share and revenue of $392.19 billion. These results would represent year-over-year changes of +8.73% and +7.21%, respectively.
Investors might also notice recent changes to analyst estimates for Apple. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Apple is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Apple currently has a Forward P/E ratio of 25.55. This valuation marks a premium compared to its industry's average Forward P/E of 6.69.
Investors should also note that AAPL has a PEG ratio of 2.02 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer - Mini computers was holding an average PEG ratio of 2.44 at yesterday's closing price.
The Computer - Mini computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 219, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Special Report: The Top 5 IPOs for Your Portfolio
Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.
>>See Zacks’ Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Apple (AAPL) closed at $154.45, marking a -0.97% move from the previous day. AAPL's full-year Zacks Consensus Estimates are calling for earnings of $6.10 per share and revenue of $392.19 billion. Investors should also note that AAPL has a PEG ratio of 2.02 right now.
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In the latest trading session, Apple (AAPL) closed at $154.45, marking a -0.97% move from the previous day. AAPL's full-year Zacks Consensus Estimates are calling for earnings of $6.10 per share and revenue of $392.19 billion. Investors should also note that AAPL has a PEG ratio of 2.02 right now.
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AAPL's full-year Zacks Consensus Estimates are calling for earnings of $6.10 per share and revenue of $392.19 billion. In the latest trading session, Apple (AAPL) closed at $154.45, marking a -0.97% move from the previous day. Investors should also note that AAPL has a PEG ratio of 2.02 right now.
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In the latest trading session, Apple (AAPL) closed at $154.45, marking a -0.97% move from the previous day. Apple Inc. (AAPL): Free Stock Analysis Report AAPL's full-year Zacks Consensus Estimates are calling for earnings of $6.10 per share and revenue of $392.19 billion.
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19440.0
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2022-09-08 00:00:00 UTC
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October 28th Options Now Available For Apple
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AAPL
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https://www.nasdaq.com/articles/october-28th-options-now-available-for-apple
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nan
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nan
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Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the October 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new October 28th contracts and identified one put and one call contract of particular interest.
The put contract at the $149.00 strike price has a current bid of $4.25. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $149.00, but will also collect the premium, putting the cost basis of the shares at $144.75 (before broker commissions). To an investor already interested in purchasing shares of AAPL, that could represent an attractive alternative to paying $156.16/share today.
Because the $149.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.85% return on the cash commitment, or 20.82% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Apple Inc, and highlighting in green where the $149.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $160.00 strike price has a current bid of $5.60. If an investor was to purchase shares of AAPL stock at the current price level of $156.16/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $160.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.05% if the stock gets called away at the October 28th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $160.00 strike highlighted in red:
Considering the fact that the $160.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.59% boost of extra return to the investor, or 26.18% annualized, which we refer to as the YieldBoost.
The implied volatility in the call contract example above is 33%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $156.16) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Nasdaq 100 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $160.00 strike highlighted in red: Considering the fact that the $160.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the October 28th expiration.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $160.00 strike highlighted in red: Considering the fact that the $160.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the October 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new October 28th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAPL's trailing twelve month trading history, with the $160.00 strike highlighted in red: Considering the fact that the $160.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the October 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new October 28th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new October 28th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAPL's trailing twelve month trading history, with the $160.00 strike highlighted in red: Considering the fact that the $160.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the October 28th expiration.
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19441.0
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2022-09-08 00:00:00 UTC
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Apple (AAPL) Expands Portfolio With Watch Series 8 Launch
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AAPL
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https://www.nasdaq.com/articles/apple-aapl-expands-portfolio-with-watch-series-8-launch
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nan
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nan
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Apple AAPL expanded its smartwatch portfolio with the launch of Watch Series 8 and the new Watch SE at Sep 7’s event. The iPhone maker also announced Apple Watch Ultra at the event.
Apple Watch Series 8 features a large, Always-On Retina display and a strong crack-resistant front crystal. The smartwatch promises an 18-hour battery life.
Apple continues to offer health and safety features like the ECG app and fall detection by introducing temperature-sensing capabilities, retrospective ovulation estimates, Crash Detection and international roaming in the new smartwatch.
Apple Watch SE includes Activity tracking, high and low heart rate notifications, Emergency SOS, the new Crash Detection feature and a completely redesigned back case. The Watch SE is available at a more affordable price of $249.
Both Apple Watch Series 8 and Watch SE are powered by watchOS 9, which introduced new and more customizable watch faces like Lunar and Metropolitan, an enhanced Workout app, sleep stages, a first-of-its-kind AFib History feature, and an all-new Medications app.
Apple Inc. Revenue (TTM)
Apple Inc. revenue-ttm | Apple Inc. Quote
Both smartwatches will be available beginning Sep 16.
Apple introduced Watch Ultra, which is built for endurance, exploration and adventure, featuring a 49 mm titanium case and flat sapphire front crystal that offers the biggest and brightest Apple Watch display yet.
Apple Watch Ultra offers up to 36 hours of battery life during normal use. The smartwatch also features a new low-power setting that can extend the battery life to reach up to 60 hours.
Apple Watch Ultra also offers a Wayfinder watch face that is designed specifically for the larger Apple Watch Ultra display and includes a compass built into the dial, with space for up to eight complications. Apple Watch Ultra also offers three new bands, Trail Loop, Alpine Loop, and Ocean Band.
Apple Watch Ultra will be available beginning Sep 23.
Apple’s New Watches to Boost Smartwatch Dominance
Apple dominates the wearable market, which includes smartwatches. Per Markets & Markets, the wearables market is expected to witness a CAGR of 18% between 2021 and 2026 to reach roughly $265.4 billion by 2026.
Apple’s launch of the new smartwatches is expected to boost its dominance in this space. In fiscal third-quarter 2022, Apple Watch’s adoption rate continued to grow rapidly. More than two-thirds of the customers who purchased the Apple Watch during the reported quarter were first-time customers.
Per Counterpoint research data, Apple had 29% market share in second-quarter 2022 ending June. The global smartwatch market’s shipments grew 13% year over year in the second quarter despite macro uncertainties including higher inflation and geopolitical conflicts.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer & Technology sector are Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR, all sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Absolute shares have gained 14.9% in the year-to-date period. The Zacks Consensus Estimate for ABST’s fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 4.4% in the year-to-date period. The Zacks Consensus Estimate for PCTY’s fiscal 2023 earnings has been steady over the past 30 days at $3.58 per share.
Synchronoss shares have lost 39.3% in the year-to-date period. The consensus mark for SNCR’s 2022 earnings has moved 220% higher to 16 cents per share over the past 30 days.
Special Report: The Top 5 IPOs for Your Portfolio
Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.
>>See Zacks’ Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Synchronoss Technologies, Inc. (SNCR): Free Stock Analysis Report
Paylocity Holding Corporation (PCTY): Free Stock Analysis Report
Absolute Software Corporation (ABST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL expanded its smartwatch portfolio with the launch of Watch Series 8 and the new Watch SE at Sep 7’s event. Apple Inc. (AAPL): Free Stock Analysis Report Apple Watch SE includes Activity tracking, high and low heart rate notifications, Emergency SOS, the new Crash Detection feature and a completely redesigned back case.
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Apple AAPL expanded its smartwatch portfolio with the launch of Watch Series 8 and the new Watch SE at Sep 7’s event. Apple Inc. (AAPL): Free Stock Analysis Report The Zacks Consensus Estimate for ABST’s fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
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Apple AAPL expanded its smartwatch portfolio with the launch of Watch Series 8 and the new Watch SE at Sep 7’s event. Apple Inc. (AAPL): Free Stock Analysis Report Apple introduced Watch Ultra, which is built for endurance, exploration and adventure, featuring a 49 mm titanium case and flat sapphire front crystal that offers the biggest and brightest Apple Watch display yet.
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Apple AAPL expanded its smartwatch portfolio with the launch of Watch Series 8 and the new Watch SE at Sep 7’s event. Apple Inc. (AAPL): Free Stock Analysis Report Apple Watch Ultra also offers a Wayfinder watch face that is designed specifically for the larger Apple Watch Ultra display and includes a compass built into the dial, with space for up to eight complications.
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2022-09-08 00:00:00 UTC
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2 Top Undervalued Stocks To Watch In September 2022
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AAPL
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https://www.nasdaq.com/articles/2-top-undervalued-stocks-to-watch-in-september-2022
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2 Undervalued Stocks To Check Out In The Stock Market Today
Undervalued stocks are a great way to make money in the stock market. But what exactly is an undervalued stock? Undervalued stocks are simply stocks that are trading below their intrinsic value. In other words, they are worth more than the current market price. Many factors can contribute to a stock being undervalued, such as poor recent performance, negative analyst recommendations, or simply being out of favor with investors.
However, smart investors know that undervalued stocks can be a great opportunity to buy low and sell high. With a little research, it is possible to find hidden gems in the stock market that are poised for a rebound. So don’t be afraid of undervalued stocks; they just might be the key to making big profits in the stock market today. If you’re keen on finding undervalued stocks in the market right now, here are two to check out.
Undervalued Stocks To Watch Right Now
Adobe Inc. (NASDAQ: ADBE)
Amazon.com Inc. (NASDAQ: AMZN)
Adobe (ADBE Stock)
First, Adobe Inc. (ADBE) is an American multinational computer software company headquartered in San Jose, California. Adobe has historically focused on the creation of multimedia and creativity software products, with a more recent foray towards digital marketing software. Just this week, Adobe announced it will release its 3rd quarter fiscal year 2022 results after the market closes on Thursday, September 15, 2022.
In the meantime, let’s take a look back at the company’s most recent quarterly financial results. In detail, Adobe reported second quarter 2022 earnings per share of $3.36, with revenue of $4.4 billion. This is compared with consensus estimates for the quarter which were earnings of $3.31 per share, and revenue of $4.3 billion. Moreover, revenue increased 14.4% during the same period, in 2021.
Aside from that, Adobe provided an outlook for its third quarter results. Specifically, the company reported its estimated Q3 non-GAAP earnings of $3.33 per share, with revenue of nearly $4.43 billion. Despite these results, shares of ADBE stock are down over 32% so far in 2022. ADBE stock closed Thursday’s trading session at $383.63 per share. As we wait to see the third quarter’s results, do you think ADBE is a good undervalued stock to invest in for 2022?
Source: TD Ameritrade TOS
Amazon.com (AMZN Stock)
Next, Amazon.com Inc. (AMZN) is an American multinational technology company based in Seattle, Washington. In brief, Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. For context, Amazon is one of the Big Four technology companies, along with Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META).
In July, Amazon reported its second quarter 2022 financial results. Diving straight in, the company reported earnings of $0.10 per share, with revenue of $121.1 billion. This is in comparison with analysts’ consensus estimates for Q2 of earnings per share of $0.15, and revenue of $119.5 billion. In addition, Amazon also announced upbeat guidance for the 3rd quarter of 2022. In the letter to shareholders, the company announced it estimates third-quarter revenue in the range of $125.0 billion to $130.0 billion.
Separate from that, in August, Amazon announced they will acquire iRobot. The details of the deal include, that Amazon will buy iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion. In 2022 so far, AMZN stock is still down over 23%. This could present an opportunity for investors to buy AMZN stock at a discount. With this in mind, will you be adding AMZN stock to your watchlist right now?
Source: TD Ameritrade TOS
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For context, Amazon is one of the Big Four technology companies, along with Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META). Many factors can contribute to a stock being undervalued, such as poor recent performance, negative analyst recommendations, or simply being out of favor with investors. Just this week, Adobe announced it will release its 3rd quarter fiscal year 2022 results after the market closes on Thursday, September 15, 2022.
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For context, Amazon is one of the Big Four technology companies, along with Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META). 2 Undervalued Stocks To Check Out In The Stock Market Today Undervalued stocks are a great way to make money in the stock market. Undervalued Stocks To Watch Right Now Adobe Inc. (NASDAQ: ADBE) Amazon.com Inc. (NASDAQ: AMZN) Adobe (ADBE Stock) First, Adobe Inc. (ADBE) is an American multinational computer software company headquartered in San Jose, California.
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For context, Amazon is one of the Big Four technology companies, along with Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META). 2 Undervalued Stocks To Check Out In The Stock Market Today Undervalued stocks are a great way to make money in the stock market. So don’t be afraid of undervalued stocks; they just might be the key to making big profits in the stock market today.
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For context, Amazon is one of the Big Four technology companies, along with Google (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META). Undervalued Stocks To Watch Right Now Adobe Inc. (NASDAQ: ADBE) Amazon.com Inc. (NASDAQ: AMZN) Adobe (ADBE Stock) First, Adobe Inc. (ADBE) is an American multinational computer software company headquartered in San Jose, California. In detail, Adobe reported second quarter 2022 earnings per share of $3.36, with revenue of $4.4 billion.
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2022-09-08 00:00:00 UTC
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Will The Trade Desk Be Worth More Than Alphabet by 2030?
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AAPL
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https://www.nasdaq.com/articles/will-the-trade-desk-be-worth-more-than-alphabet-by-2030
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nan
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Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has crushed many digital advertising platforms over the past two decades. Yet The Trade Desk (NASDAQ: TTD), which operates the world's largest independent demand-side platform (DSP) for digital ads, withstood that competition.
DSPs help marketers buy programmatic (automated) ad space across multiple platforms. They sit on the opposite end of the advertising supply chain as sell-side platforms (SSPs), which help publishers sell their own ad inventories.
Image source: Getty Images.
Google's advertising platform already bundles together a DSP, SSP, and other digital advertising services. But instead of going head-to-head against Google in its core desktop and mobile advertising markets, The Trade Desk has carved out a growing niche by focusing on streaming audio and video platforms.
The secular growth of those streaming media platforms, which accelerated throughout the pandemic as more people stayed at home, boosted The Trade Desk's revenue from $203 million in 2016 to $1.2 billion in 2021, which represented a CAGR (compound annual growth rate) of 43%. The Trade Desk is still tiny compared to Alphabet, but it's also growing a lot faster and attracting advertisers that don't want to tether themselves to Google's sprawling ecosystem. Could it grow significantly larger and eclipse Alphabet's market cap by the end of the decade?
The Trade Desk's long-term plan
The Trade Desk currently serves more than 1,000 customers. It provides ad space across mobile, desktop, and connected TV (CTV) platforms, but it's been generating most of its growth from the CTV market, which consists of ad-supported platforms like Comcast's Peacock, Warner Bros. Discovery's HBO Max, and Disney+. Even Netflix (NASDAQ: NFLX), which had shunned ads for years, plans to launch a cheaper ad-supported tier in the near future.
During The Trade Desk's latest conference call, CEO Jeff Green said Netflix's decision to avoid Google and tap Microsoft's ad tech platform Xandr (which is already partnered with The Trade Desk) to build its upcoming ad-supported tier was a "strong indication" that companies were recognizing the "dangers and limitations of walled gardens."
Google also owns YouTube, the world's largest ad-supported streaming video platform, so it doesn't make sense for most streaming video companies like Disney or Netflix to tether themselves to a major competitor. Green believes that desire to avoid walled gardens will drive the growth of an "open internet" for independent ad platforms like The Trade Desk.
Can The Trade Desk keep growing?
The Trade Desk has grown like a weed since its IPO in 2016, and its stock has more than tripled from its IPO price of $18. But besides the pandemic, which actually generated tailwinds for its CTV business, it hasn't been tested by a major recession yet. Many advertising companies have already reined in their near-term expectations to deal with inflation, rising interest rates, and unpredictable geopolitical tensions, and The Trade Desk probably won't be immune to those headwinds.
For now, analysts expect The Trade Desk's revenue to rise 33% to $1.59 billion this year, grow another 24% to $1.98 billion in 2023, and increase 27% to $2.53 billion in 2024. Those growth rates look healthy, but they might not fully account for a painful recession or intense competition from other independent or bundled DSPs.
Furthermore, Apple's (NASDAQ: AAPL) privacy changes on iOS and Google's decision to stamp out third-party cookies could also cause unexpected problems. However, The Trade Desk is already countering those changes with its new platform Solimar, which insulates advertisers from Apple's changes by accumulating more first-party data for ads, and a newer technology known as Unified ID (UID) 2.0 that eliminates the need for third-party cookies.
Assuming The Trade Desk matches analysts' sales expectations for the next two years and continues to grow at a CAGR of 25% through 2030, it could generate nearly $10 billion in revenue by the final year. But that would still make it an ant compared to Alphabet, which generated a whopping $257.6 billion in revenue last year. So unless Alphabet gets chopped up into tiny pieces by antitrust regulators, it will still be worth a lot more than The Trade Desk.
But it could still be a better growth stock than Alphabet
Yet The Trade Desk could still generate bigger gains than Alphabet over the next eight years. Analysts only expect Alphabet's revenue to grow in the low-teens through 2024, and it will likely maintain those mature growth rates through 2030.
With a market cap of $29.3 billion, The Trade Desk isn't cheap at 18 times this year's sales. Alphabet, which is worth $1.4 trillion, trades at five times this year's sales. But if The Trade Desk generates $10 billion in revenue in 2030 and its price-to-sales ratio cools off to ten, it could still be worth $100 billion -- which would be more than triple its current valuation. It would arguably be much more difficult for Alphabet's stock to triple within the same period.
That's all speculation for now, but I still believe The Trade Desk is a rock-solid growth stock for long-term investors. Just don't expect it to come anywhere close to matching Alphabet's market cap within the next decade.
Find out why The Trade Desk is one of the 10 best stocks to buy now
Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed their ten top stock picks for investors to buy right now. The Trade Desk is on the list -- but there are nine others you may be overlooking.
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*Stock Advisor returns as of August 17, 2022
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun has positions in Alphabet (A shares), Apple, Walt Disney, and Warner Bros. Discovery, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, Netflix, The Trade Desk, and Walt Disney. The Motley Fool recommends Comcast and Warner Bros. Discovery, Inc. and recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, Apple's (NASDAQ: AAPL) privacy changes on iOS and Google's decision to stamp out third-party cookies could also cause unexpected problems. But instead of going head-to-head against Google in its core desktop and mobile advertising markets, The Trade Desk has carved out a growing niche by focusing on streaming audio and video platforms. Many advertising companies have already reined in their near-term expectations to deal with inflation, rising interest rates, and unpredictable geopolitical tensions, and The Trade Desk probably won't be immune to those headwinds.
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Furthermore, Apple's (NASDAQ: AAPL) privacy changes on iOS and Google's decision to stamp out third-party cookies could also cause unexpected problems. Google also owns YouTube, the world's largest ad-supported streaming video platform, so it doesn't make sense for most streaming video companies like Disney or Netflix to tether themselves to a major competitor. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, Netflix, The Trade Desk, and Walt Disney.
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Furthermore, Apple's (NASDAQ: AAPL) privacy changes on iOS and Google's decision to stamp out third-party cookies could also cause unexpected problems. During The Trade Desk's latest conference call, CEO Jeff Green said Netflix's decision to avoid Google and tap Microsoft's ad tech platform Xandr (which is already partnered with The Trade Desk) to build its upcoming ad-supported tier was a "strong indication" that companies were recognizing the "dangers and limitations of walled gardens." But it could still be a better growth stock than Alphabet Yet The Trade Desk could still generate bigger gains than Alphabet over the next eight years.
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Furthermore, Apple's (NASDAQ: AAPL) privacy changes on iOS and Google's decision to stamp out third-party cookies could also cause unexpected problems. Can The Trade Desk keep growing? After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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2022-09-08 00:00:00 UTC
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Apple (AAPL) Unveils 4 iPhone 14 Models at September Event
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AAPL
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https://www.nasdaq.com/articles/apple-aapl-unveils-4-iphone-14-models-at-september-event
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nan
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Apple AAPL unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7.
The company also launched the next-gen Airpods Pro, the Apple Watch Series 8, the new Apple Watch SE, Apple Watch Ultra and updates to Fitness+ at the event.
iPhone 14: iOS 16 and Emergency SOS via satellite
Apple’s 5G-supported iPhone 14 (6.1-inch) and iPhone 14 Plus (6.7-inch) are powered by the A15 Bionic chip with a 5-core GPU and feature an eSIM.
Apple stated that support for 5G on iPhone is now available from more than 250 carrier partners in more than 70 markets globally, with expanded support for standalone networks. Moreover, Apple has removed the SIM tray in the latest models in the United States replacing it with eSIM.
iPhone 14 models will be powered by iOS 16, featuring a reimagined Lock Screen. iOS 16 offers a host of new features. For instance, with Messages, users can now edit or recall recently sent messages, and mark conversations as unread to revisit them later. iCloud Shared Photo Library makes it easier for users to share a collection of photos with family.
Apple Inc. Price and Consensus
Apple Inc. price-consensus-chart | Apple Inc. Quote
iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
The iPhone Pro (6.1-inch) and Pro Max (6.7-inch) models feature Dynamic Island (a new design) and the Always-On display. These models are powered by an A16 Bionic chip.
iPhone 14 Pro introduces a 48MP Main camera, featuring a quad-pixel sensor and Photonic Engine.
Apple has launched iPhone 14 and iPhone 14 Plus in five new colors, midnight, blue, starlight, purple and red. These models will be available beginning Oct 7.
iPhone 14 Pro and iPhone 14 Pro Max will be available in four colors, deep purple, silver, gold, and space black. iPhone 14 Pro and Pro Max will be available beginning Sep 16.
Apple enhanced the safety features of iPhone 14 models with the introduction of Crash Detection and Emergency SOS via satellite. The latter feature will be available to users in the United States and Canada in November, and the service will be free for two years.
Apple Extends Fitness+ to All iPhone Users
Apple Fitness+ users will no longer need an Apple Watch to access Fitness+ features. Apple is expanding Fitness+ to all iPhone users in the 21 countries it is available.
Fitness+ will be fully integrated with the Fitness app coming with iOS 16 and located in the middle tab.
Beginning Sep 12, Fitness+ will introduce the fourth season of Time to Walk, featuring new guests including award-winning actor Regina Hall, Latin Grammy winner Nicky Jam and Emmy Award-winning performer Leslie Jordan.
Apple announced that with iOS 16, all Time to Walk and Time to Run episodes are available in the Fitness app on iPhone with a Fitness+ subscription.
Will New iPhones Boost Apple’s Share Price?
Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
Shares of the iPhone maker have been down 12.2% year to date. However, it has managed to outperform the Zacks Computer & Technology sector’s decline of 30.2%.
The near-term outlook is not enthusiastic, given the headwinds. Apple did not provide revenue guidance for the third quarter of fiscal 2022. Apple expects COVID-induced supply chain disruptions and the industry-wide silicon shortage to hurt its top line by $4-$8 billion. Unfavorable forex is also expected to hurt revenues by 300 basis points (bps).
Moreover, the absence of revenues from Russia is expected to hurt the top line by 150 bps. Apple paused all sales in Russia during the fiscal second quarter (March quarter).
Nevertheless, the new iPhones are expected to boost sales in the first quarter of fiscal 2023. Moreover, the Services portfolio, of which Fitness+ and Apple TV+ are a part, has emerged as Apple’s new cash cow. Apple had more than 860 million paid subscribers across its Services portfolio at the end of the fiscal third quarter.
Zacks Rank & Stocks to Consider
Apple currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer & Technology sector are Absolute Software ABST, Paylocity PCTY and Synchronoss SNCR, all sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Absolute shares have gained 14.9% in the year-to-date period. The Zacks Consensus Estimate for ABST’s fiscal 2023 earnings has moved 487.5% higher over the past 30 days to 47 cents per share.
Paylocity shares have gained 4.4% in the year-to-date period. The Zacks Consensus Estimate for PCTY’s fiscal 2023 earnings has been steady over the past 30 days to $3.58 per share.
Synchronoss shares have lost 39.3% in the year-to-date period. The consensus mark for SNCR’s 2022 earnings has moved 220% higher to 16 cents per share over the past 30 days.
Special Report: The Top 5 IPOs for Your Portfolio
Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.
>>See Zacks’ Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Synchronoss Technologies, Inc. (SNCR): Free Stock Analysis Report
Paylocity Holding Corporation (PCTY): Free Stock Analysis Report
Absolute Software Corporation (ABST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report Apple has been struggling in 2022, primarily due to coronavirus-induced supply-chain disruptions, industry-wide silicon shortage, unfavorable forex and the ongoing Russia-Ukraine conflict.
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Apple AAPL unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report Apple Inc. Price and Consensus Apple Inc. price-consensus-chart | Apple Inc. Quote iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
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Apple AAPL unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report Apple Inc. Price and Consensus Apple Inc. price-consensus-chart | Apple Inc. Quote iPhone 14 and 14 Plus models offer camera upgrades with a 12MP Main camera featuring a larger sensor and larger pixels, a new front TrueDepth camera, an Ultra-Wide camera to capture more of a scene and a Photonic Engine for great low-light performance.
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Apple AAPL unveiled four new iPhone models – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max – at its product launch event on Sep 7. Apple Inc. (AAPL): Free Stock Analysis Report iPhone 14: iOS 16 and Emergency SOS via satellite Apple’s 5G-supported iPhone 14 (6.1-inch) and iPhone 14 Plus (6.7-inch) are powered by the A15 Bionic chip with a 5-core GPU and feature an eSIM.
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19445.0
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2022-09-08 00:00:00 UTC
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Apple lovers in some Asian countries to pay more for iPhone 14
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AAPL
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https://www.nasdaq.com/articles/apple-lovers-in-some-asian-countries-to-pay-more-for-iphone-14
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nan
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nan
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SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year.
Buyers of the basic iPhone 14 in Japan - where the yen has slumped 24% since September - will pay 20% more than they did for the iPhone 13 when it was launched a year ago at 99,800 yen ($692.81).
The iPhone 13 currently costs 107,800 yen in Japan. Earlier this year, Apple hiked the price of the model by nearly a fifth to 117,800 yen after the yen weakened.
In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
Analysts have said Apple should brace for a weakening of demand in China, where the economy has been hurt by a series of COVID-19 lockdowns that have squeezed consumer spending.
Apple's April-June quarterly revenue in Greater China fell 1% after a streak of strong quarters in the region.
The company had previously announced discounts on iPhones in China, where the iPhone 13 is now available at 5,399 yuan.
($1 = 144.0500 yen)
($1 = 6.9560 Chinese yuan renminbi)
Shelling out more for an iPhonehttps://tmsnrt.rs/3cRukfT
(Reporting by Reuters bureaux; writing by Sayantani Ghosh; editing by Jason Neely)
((sayantani.ghosh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Analysts have said Apple should brace for a weakening of demand in China, where the economy has been hurt by a series of COVID-19 lockdowns that have squeezed consumer spending. ($1 = 144.0500 yen) ($1 = 6.9560 Chinese yuan renminbi) Shelling out more for an iPhonehttps://tmsnrt.rs/3cRukfT (Reporting by Reuters bureaux; writing by Sayantani Ghosh; editing by Jason Neely) ((sayantani.ghosh@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Earlier this year, Apple hiked the price of the model by nearly a fifth to 117,800 yen after the yen weakened. In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
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SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Buyers of the basic iPhone 14 in Japan - where the yen has slumped 24% since September - will pay 20% more than they did for the iPhone 13 when it was launched a year ago at 99,800 yen ($692.81). In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
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SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Earlier this year, Apple hiked the price of the model by nearly a fifth to 117,800 yen after the yen weakened. In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
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19446.0
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2022-09-08 00:00:00 UTC
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Should You Invest in the Vanguard Information Technology ETF (VGT)?
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AAPL
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https://www.nasdaq.com/articles/should-you-invest-in-the-vanguard-information-technology-etf-vgt-2
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nan
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nan
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Looking for broad exposure to the Technology - Broad segment of the equity market? You should consider the Vanguard Information Technology ETF (VGT), a passively managed exchange traded fund launched on 01/26/2004.
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.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
Index Details
The fund is sponsored by Vanguard. It has amassed assets over $42.93 billion, making it the largest ETF attempting to match the performance of the Technology - Broad segment of the equity market. VGT seeks to match the performance of the MSCI US Investable Market Information Technology 25/50 Index before fees and expenses.
The MSCI US Investable Market Information Technology 25/50 Index is designed to transition in and out of securities affected by pending updates to the information technology sector.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.10%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.86%.
Sector Exposure and Top Holdings
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 in the Information Technology sector--about 100% of the portfolio.
Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.58% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA).
The top 10 holdings account for about 60.10% of total assets under management.
Performance and Risk
So far this year, VGT has lost about -25.03%, and is down about -18.85% in the last one year (as of 09/08/2022). During this past 52-week period, the fund has traded between $315.97 and $466.10.
The ETF has a beta of 1.14 and standard deviation of 30.41% for the trailing three-year period, making it a medium risk choice in the space. With about 396 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Information Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VGT is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
ARK Innovation ETF (ARKK) tracks N/A and the Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index. ARK Innovation ETF has $7.92 billion in assets, Technology Select Sector SPDR ETF has $40.53 billion. ARKK has an expense ratio of 0.75% and XLK charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vanguard Information Technology ETF (VGT): ETF Research Reports
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
ARK Innovation ETF (ARKK): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.58% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Apple Inc. (AAPL): Free Stock Analysis Report It has amassed assets over $42.93 billion, making it the largest ETF attempting to match the performance of the Technology - Broad segment of the equity market.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.58% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Apple Inc. (AAPL): Free Stock Analysis Report ARK Innovation ETF (ARKK) tracks N/A and the Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.58% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Apple Inc. (AAPL): Free Stock Analysis Report Alternatives Vanguard Information Technology ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Apple Inc. (AAPL) accounts for about 22.58% of total assets, followed by Microsoft Corp. (MSFT) and Nvidia Corp. (NVDA). Apple Inc. (AAPL): Free Stock Analysis Report You should consider the Vanguard Information Technology ETF (VGT), a passively managed exchange traded fund launched on 01/26/2004.
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19447.0
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2022-09-08 00:00:00 UTC
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Should Schwab U.S. LargeCap Growth ETF (SCHG) Be on Your Investing Radar?
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AAPL
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https://www.nasdaq.com/articles/should-schwab-u.s.-largecap-growth-etf-schg-be-on-your-investing-radar-3
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nan
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nan
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If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Schwab U.S. LargeCap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
The fund is sponsored by Charles Schwab. It has amassed assets over $14.53 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
Why Large Cap Growth
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
Costs
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 0.04%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.56%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 64.80% of the portfolio. Telecom and Healthcare round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.97% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN).
The top 10 holdings account for about 56.47% of total assets under management.
Performance and Risk
SCHG seeks to match the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index before fees and expenses. The Dow Jones U.S. Large-Cap Growth Total Stock Market Index is float-adjusted market-capitalization weighted and includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index.
The ETF has lost about -24.49% so far this year and is down about -20.71% in the last one year (as of 09/08/2022). In the past 52-week period, it has traded between $55.73 and $83.40.
The ETF has a beta of 1.10 and standard deviation of 28.12% for the trailing three-year period, making it a medium risk choice in the space. With about 228 holdings, it effectively diversifies company-specific risk.
Alternatives
Schwab U.S. LargeCap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SCHG is an excellent option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $73.56 billion in assets, Invesco QQQ has $164.43 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Schwab U.S. LargeCap Growth ETF (SCHG): ETF Research Reports
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Vanguard Growth ETF (VUG): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.97% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report It has amassed assets over $14.53 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.97% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report Performance and Risk SCHG seeks to match the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index before fees and expenses.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.97% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Schwab U.S. LargeCap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
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Looking at individual holdings, Apple Inc (AAPL) accounts for about 13.97% of total assets, followed by Microsoft Corp (MSFT) and Amazon Com Inc (AMZN). Apple Inc. (AAPL): Free Stock Analysis Report If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Schwab U.S. LargeCap Growth ETF (SCHG), a passively managed exchange traded fund launched on 12/11/2009.
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19448.0
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2022-09-08 00:00:00 UTC
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New Apple iPhone will be available in Russia, trade minister says
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AAPL
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https://www.nasdaq.com/articles/new-apple-iphone-will-be-available-in-russia-trade-minister-says
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nan
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nan
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Sept 8 (Reuters) - Russians will have the chance to buy the new Apple APPL.O iPhone 14 despite the U.S. tech company having left the country thanks to Moscow's parallel import scheme, a senior government official told the RIA Novosti news agency on Thursday.
Russia announced the scheme in March when it authorised retailers to import products from abroad without the trademark owner's permission.
Asked whether the new iPhone, unveiled by Apple on Wednesday, would be imported under the scheme, Trade and Industry Minister Denis Manturov said: "Why not? If consumers want to buy these phones, yes. There will be the opportunity."
Apple halted new product sales in Russia in March, a week after Russia invaded Ukraine, though the iPhone, MacBook and other Apple goods have remained available in Russian stores as retailers sell down their remaining stock of old models and get hold of newly released devices through the import scheme.
Russian mobile network MTS on Thursday morning was already selling the new iPhone 14 models on pre-order. Prices start from 84,990 roubles ($1,398) for the 128GB version.
MTS said delivery could take up to 120 days and it retained the right to cancel orders if it faced difficulties importing the products.
Apple did not immediately respond to a request to comment.
Manturov, who is also a deputy prime minister, said last month that the scheme, which covers Western products ranging from luxury clothes to cars, could reach $16 billion in value this year, equivalent to around 4% of Russia's 2021 imports.
($1 - 60.78 roubles)
(Reporting by Reuters; editing by Jason Neely)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 8 (Reuters) - Russians will have the chance to buy the new Apple APPL.O iPhone 14 despite the U.S. tech company having left the country thanks to Moscow's parallel import scheme, a senior government official told the RIA Novosti news agency on Thursday. Asked whether the new iPhone, unveiled by Apple on Wednesday, would be imported under the scheme, Trade and Industry Minister Denis Manturov said: "Why not? Manturov, who is also a deputy prime minister, said last month that the scheme, which covers Western products ranging from luxury clothes to cars, could reach $16 billion in value this year, equivalent to around 4% of Russia's 2021 imports.
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Russia announced the scheme in March when it authorised retailers to import products from abroad without the trademark owner's permission. Apple halted new product sales in Russia in March, a week after Russia invaded Ukraine, though the iPhone, MacBook and other Apple goods have remained available in Russian stores as retailers sell down their remaining stock of old models and get hold of newly released devices through the import scheme. Russian mobile network MTS on Thursday morning was already selling the new iPhone 14 models on pre-order.
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Sept 8 (Reuters) - Russians will have the chance to buy the new Apple APPL.O iPhone 14 despite the U.S. tech company having left the country thanks to Moscow's parallel import scheme, a senior government official told the RIA Novosti news agency on Thursday. Apple halted new product sales in Russia in March, a week after Russia invaded Ukraine, though the iPhone, MacBook and other Apple goods have remained available in Russian stores as retailers sell down their remaining stock of old models and get hold of newly released devices through the import scheme. ($1 - 60.78 roubles) (Reporting by Reuters; editing by Jason Neely) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Asked whether the new iPhone, unveiled by Apple on Wednesday, would be imported under the scheme, Trade and Industry Minister Denis Manturov said: "Why not? Apple halted new product sales in Russia in March, a week after Russia invaded Ukraine, though the iPhone, MacBook and other Apple goods have remained available in Russian stores as retailers sell down their remaining stock of old models and get hold of newly released devices through the import scheme. Russian mobile network MTS on Thursday morning was already selling the new iPhone 14 models on pre-order.
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19449.0
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2022-09-08 00:00:00 UTC
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Stock Market Dip? 3 Companies to Buy and Hold for the Long Term
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AAPL
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https://www.nasdaq.com/articles/stock-market-dip-3-companies-to-buy-and-hold-for-the-long-term
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nan
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nan
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On the back of a global pandemic, rising inflation, and the efforts to get that inflation under control, the stock market has responded by selling off considerably in 2022. The Nasdaq Composite has fallen about 26% year to date, while the S&P 500 lost 18% of its value over the same period. Just about every industry has been affected to some degree, but often for quite different reasons.
While a dip in the stock market has given many a desire to cut and run, long-term investors know that the beaten-down stocks of reliable companies won't stay down forever. They also know that a market dip offers a great chance for patient investors to buy stocks at bargain prices so they can reap the rewards later.
Let's take a look at three reliable stocks trading at a discount that offer the potential for significant gains in the long term.
1. Disney
Walt Disney's (NYSE: DIS) stock has definitely had a volatile couple of years, trading down about 29% year to date and 39% from a year ago. The steep decline is related, in part, to the ongoing adverse effects from the pandemic as well as uncertainty about the economy and potential recession. Disney did use the situation to make some adjustments (mainly to its theme parks) and add new services (like the Disney+ streaming service) that it expects to benefit from in the years to come. Some evidence of the positive effects of the changes (as well as the easing of concerns about the pandemic) can be seen in its most recent earnings report which noted a 70% year-over-year increase in parks revenue and total streaming subscribers from its three main services (Disney+, Hulu, and ESPN+) of 221.1 million, which exceeds Netflix's total.
Disney's price-to-earnings ratio, which was highly elevated by pandemic-related depressed earnings is returning to more normal levels, suggesting the company is getting its historically strong financials back on a more even keel. For instance, revenue in Disney's latest quarter was up 26% year over year, beating market expectations.
Disney has plenty of promising developments in the pipeline, including gains from price increases across all of its streaming services, an ad-supported streaming tier that could invite new subscribers and increase the company's average rate per user, and a long list of theatrical blockbusters sure to pull in significant earnings at the box office (as well as keeping subscribers interested in its streaming products). A return to expectation-beating revenue growth and a booming streaming business suggest the company (and the stock) has renewed potential to outperform in the coming years.
2. Apple
Apple (NASDAQ: AAPL) has proven itself to be one of the most innovative companies in history, making it a safe bet for patient investors looking to capitalize on those innovations. Investing legend Warren Buffett is certainly enamored of the stock, as Apple is his largest holding through Berkshire Hathaway by a considerable margin. In fact, roughly 41% of Berkshire's portfolio is currently tied up in Apple (895 million shares worth $122 billion as of June 30).
Apple as a stock has proven its resilience in the last year, with its stock falling less than 1% over the past year despite the Nasdaq falling 24.3% in the same period. The company's consistently increasing revenue and net income have primarily fueled its stock's stability. Despite the pandemic and some potential recession-influenced decreases in consumer spending, Apple's net sales rose from $260.2 billion in fiscal 2019 to $365.8 billion in fiscal 2021, a 40.6% jump (Apple's fiscal years end in late September). Net income increased by 71.3% in the same time frame, hitting $94.7 billion in fiscal 2021. The company has continued its growth streak in 2022, reaching a record $83 billion in revenue in the third quarter -- a 2% increase year over year. Apple has shown an ability to consistently grow revenue and earnings by producing a seemingly endless supply of promising product and service launches, making for an excellent long-term stock hold.
3. Warner Bros. Discovery
Warner Bros. Discovery (NASDAQ: WBD) is the result of a merger this year between Discovery and the Warner Media spinoff from AT&T. Since the conclusion of the merger in early April, the stock for this multinational mass media and entertainment conglomerate has fallen roughly 48%. That stock performance might have you wondering why this stock is being featured today.
The stock performance of late is a reflection of the market's response to efforts by CEO David Zaslav's efforts to reduce the $55 billion in debt the newly merged company was saddled with when it launched. The cuts have included the cancellation of a number of international projects, executive layoffs, shutdowns of production on nearly completed films, and millions of dollars in write-offs.
The recent cuts might seem drastic, but Warner Bros. Discovery still has a lucrative content library, popular streaming platforms, and a gaming business. The potential of what it still operates suggests it won't be down forever.
Zaslav's cuts have already allowed Warner Bros. Discovery to reduce its debt by $6 billion in its first five months of operations, an impressive feat considering the short time frame. The company may look like it's slashing its business, but in reality, it's shrinking down to eliminate risks and prioritize profits until it gains better financial footing.
Warner Bros. Discovery's price-to-earnings ratio currently sits at 6.5, a historic low for the company (or its Discovery predecessor). The figure implies that the company's earnings are much more promising than its current stock price, and investors may be needlessly cautious about the company. Warner Bros. Discovery still has a long way to go before gaining Wall Street's trust, but its business is promising, suggesting investors may be able to see significant gains if they're willing to hold long-term.
10 stocks we like better than Walt Disney
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Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Netflix, and Walt Disney. The Motley Fool recommends Warner Bros. Discovery, Inc. and recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple (NASDAQ: AAPL) has proven itself to be one of the most innovative companies in history, making it a safe bet for patient investors looking to capitalize on those innovations. Disney's price-to-earnings ratio, which was highly elevated by pandemic-related depressed earnings is returning to more normal levels, suggesting the company is getting its historically strong financials back on a more even keel. A return to expectation-beating revenue growth and a booming streaming business suggest the company (and the stock) has renewed potential to outperform in the coming years.
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Apple Apple (NASDAQ: AAPL) has proven itself to be one of the most innovative companies in history, making it a safe bet for patient investors looking to capitalize on those innovations. Apple has shown an ability to consistently grow revenue and earnings by producing a seemingly endless supply of promising product and service launches, making for an excellent long-term stock hold. The Motley Fool has positions in and recommends Apple, Netflix, and Walt Disney.
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Apple Apple (NASDAQ: AAPL) has proven itself to be one of the most innovative companies in history, making it a safe bet for patient investors looking to capitalize on those innovations. Disney Walt Disney's (NYSE: DIS) stock has definitely had a volatile couple of years, trading down about 29% year to date and 39% from a year ago. Apple as a stock has proven its resilience in the last year, with its stock falling less than 1% over the past year despite the Nasdaq falling 24.3% in the same period.
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Apple Apple (NASDAQ: AAPL) has proven itself to be one of the most innovative companies in history, making it a safe bet for patient investors looking to capitalize on those innovations. Disney Walt Disney's (NYSE: DIS) stock has definitely had a volatile couple of years, trading down about 29% year to date and 39% from a year ago. Discovery Warner Bros.
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19450.0
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2022-09-08 00:00:00 UTC
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Why Investors Should Love Apple's New Products
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AAPL
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https://www.nasdaq.com/articles/why-investors-should-love-apples-new-products
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nan
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nan
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While there were a number of surprises regarding the details and features of Apple's (NASDAQ: AAPL) new products revealed during the company's big event yesterday, the main products Apple refreshed were largely expected: new iPhones, an upgraded Apple Watch lineup, and next-generation AirPods Pro. With no major surprises, investors may be tempted to think that the event was a letdown. But here's what's critical about the company's latest products: They represent Apple's most important business segments. In other words, the tech giant just refreshed the products that are arguably most important to its business growth -- just in time for the holidays.
Meet Apple's newest products
It was no surprise to see new iPhones at Apple's Wednesday event. September is the tech company's typical month for iPhone launches. The iPhone lineup consisted of four new devices: the 14, 14 Plus, 14 Pro, and 14 Max. The base iPhone 14 model is, of course, the cheapest of the new devices, with a starting price of $799. The 14 Plus, 14 Pro, and 14 Max have starting prices of $899, $999, and $1,099, respectively. The 14 and 14 Plus both sport an A15 Bionic chip with a 5-core graphics processing unit (GPU), while the 14 Pro and 14 Pro Max boast Apple's A16 Bionic, which Apple said in its press release about the device is "the fastest chip ever in a smartphone." Among the many other differences between the two new lower-priced phones and the new Pro iPhones, the Pro phones feature an impressive new camera system.
Image source: Apple.
New Apple Watch devices include the Apple Watch Series 8, Apple Watch SE, and a higher-end Apple Watch, the Apple Watch Ultra. The new flagship Ultra set a new standard for Apple Watch, making it accessible to users requiring features for more extreme fitness activities. The new watch boasts multiday battery life under normal use, including a lower-power setting that can push the device's battery life to 60 hours. The Ultra watch also boasts a bigger, brighter display and a more rugged design. Of course, customers will have to pay up. The Apple Watch Ultra costs $799. This compares to a $249 starting price tag for the Apple Watch SE and a $399 starting price for the Apple Watch Series 8.
Finally, Apple's new AirPods Pro is priced at $249. While the popular device looks the same from the outside, they're far more capable than their predecessors. Apple's next-gen AirPods Pro boasts approximately twice the active noise canceling as the previous model, touch control for media playback and volume adjustments, increased battery life, more ear tip sizes, an upgraded charging case, and more.
Important holiday catalysts
It would be an understatement to say the iPhone is important to Apple. It's vital. iPhone sales accounted for nearly half of the company's revenue in its most recent quarter. So, a fresh lineup of new iPhones will help Apple as it enters the holidays.
But what may be overlooked by some investors is that Apple's "wearables, home, and accessories" business segment recently became the company's second-biggest product segment (note that Apple's services business is the company's second-largest segment, but it is not a product segment). This means Apple Watch and AirPods, which are included in this segment, have morphed into a significant catalyst for the company. Even more, the segment is growing rapidly. Wearables, home, and accessories revenue rose 25% year over year in fiscal 2021.
With so many new products across the company's two most important product segments, Apple could achieve meaningful revenue growth in the coming quarters. Of course, if Apple's recent supply chain bottlenecks are any indication of the challenges the company will face this holiday season, it may ultimately be production, not demand, that will determine the company's sales growth during the upcoming months. Still, a fresh, new product lineup across key categories for Apple increases the odds of meaningful sales growth if its production constraints ease.
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Daniel Sparks has positions in Apple. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While there were a number of surprises regarding the details and features of Apple's (NASDAQ: AAPL) new products revealed during the company's big event yesterday, the main products Apple refreshed were largely expected: new iPhones, an upgraded Apple Watch lineup, and next-generation AirPods Pro. In other words, the tech giant just refreshed the products that are arguably most important to its business growth -- just in time for the holidays. The new flagship Ultra set a new standard for Apple Watch, making it accessible to users requiring features for more extreme fitness activities.
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While there were a number of surprises regarding the details and features of Apple's (NASDAQ: AAPL) new products revealed during the company's big event yesterday, the main products Apple refreshed were largely expected: new iPhones, an upgraded Apple Watch lineup, and next-generation AirPods Pro. New Apple Watch devices include the Apple Watch Series 8, Apple Watch SE, and a higher-end Apple Watch, the Apple Watch Ultra. This compares to a $249 starting price tag for the Apple Watch SE and a $399 starting price for the Apple Watch Series 8.
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While there were a number of surprises regarding the details and features of Apple's (NASDAQ: AAPL) new products revealed during the company's big event yesterday, the main products Apple refreshed were largely expected: new iPhones, an upgraded Apple Watch lineup, and next-generation AirPods Pro. New Apple Watch devices include the Apple Watch Series 8, Apple Watch SE, and a higher-end Apple Watch, the Apple Watch Ultra. But what may be overlooked by some investors is that Apple's "wearables, home, and accessories" business segment recently became the company's second-biggest product segment (note that Apple's services business is the company's second-largest segment, but it is not a product segment).
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While there were a number of surprises regarding the details and features of Apple's (NASDAQ: AAPL) new products revealed during the company's big event yesterday, the main products Apple refreshed were largely expected: new iPhones, an upgraded Apple Watch lineup, and next-generation AirPods Pro. The iPhone lineup consisted of four new devices: the 14, 14 Plus, 14 Pro, and 14 Max. With so many new products across the company's two most important product segments, Apple could achieve meaningful revenue growth in the coming quarters.
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19451.0
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2022-09-08 00:00:00 UTC
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Apple lovers in some Asian countries to pay more for iPhone 14
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AAPL
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https://www.nasdaq.com/articles/apple-lovers-in-some-asian-countries-to-pay-more-for-iphone-14-0
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nan
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nan
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Updates with analyst comment, shares
SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year.
Buyers of the basic iPhone 14 in Japan - where the yen has slumped 24% since September - will pay 20% more than they did for the iPhone 13 when it was launched a year ago at 99,800 yen ($692.81).
The iPhone 13 currently costs 107,800 yen in Japan. Earlier this year, Apple hiked the price of the model by nearly a fifth to 117,800 yen after the yen weakened.
The dollar's strength is the biggest risk to Apple's earnings, Credit Suisse analysts wrote in a note.
"Demand for Apple remains strong in the U.S. and Europe, while Japan is likely under pressure given recent price increases and limited subsidies," they said.
Shares of Apple were trading slightly lower amid a decline in the broader market.
In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
Analysts have said Apple should brace for a weakening of demand in China, where the economy has been hurt by a series of COVID-19 lockdowns that have squeezed consumer spending.
Apple's April-June quarterly revenue in Greater China fell 1% after a streak of strong quarters in the region.
The company had previously announced discounts on iPhones in China, where the iPhone 13 is now available at 5,399 yuan.
($1 = 144.0500 yen)
($1 = 6.9560 Chinese yuan renminbi)
Shelling out more for an iPhonehttps://tmsnrt.rs/3cRukfT
(Reporting by Reuters bureaux; writing by Sayantani Ghosh; editing by Jason Neely and Anil D'Silva)
((sayantani.ghosh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Updates with analyst comment, shares SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. The dollar's strength is the biggest risk to Apple's earnings, Credit Suisse analysts wrote in a note. "Demand for Apple remains strong in the U.S. and Europe, while Japan is likely under pressure given recent price increases and limited subsidies," they said.
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Updates with analyst comment, shares SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency. Apple's April-June quarterly revenue in Greater China fell 1% after a streak of strong quarters in the region.
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Updates with analyst comment, shares SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Buyers of the basic iPhone 14 in Japan - where the yen has slumped 24% since September - will pay 20% more than they did for the iPhone 13 when it was launched a year ago at 99,800 yen ($692.81). In China, though, Apple's third-largest market after the United States, the company priced the iPhone 14 at 5,999 yuan ($862.42) - the same as the iPhone 13 launch price - despite a 7% drop in the currency.
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Updates with analyst comment, shares SINGAPORE, Sept 8 (Reuters) - Apple Inc AAPL.O on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Buyers of the basic iPhone 14 in Japan - where the yen has slumped 24% since September - will pay 20% more than they did for the iPhone 13 when it was launched a year ago at 99,800 yen ($692.81). The iPhone 13 currently costs 107,800 yen in Japan.
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19452.0
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2022-09-08 00:00:00 UTC
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Nasdaq Bear Market: 2 Stocks You'll Wish You Had In Your Portfolio
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AAPL
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https://www.nasdaq.com/articles/nasdaq-bear-market%3A-2-stocks-youll-wish-you-had-in-your-portfolio
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nan
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nan
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The Nasdaq Composite has hit choppy waters this year. Dropping by nearly 26%, it's firmly in bear market territory. While no one likes to see their stocks fall in value, this is also an opportunity to buy shares at an attractive valuation.
However, you still need to do your homework to see which companies have attractive growth valuations. Fortunately, these two pass muster.
Image source: Getty Images.
1. Apple
Apple's (NASDAQ: AAPL) popular offerings include the iPhone, iPad, and Mac. Its lineup has drawn a large following through sleek designs, high functionality, and excellent service.
The stock has taken a rare breather this year, falling by about 13%, partly due to the overall market downturn. Additionally, Apple's fiscal third-quarter sales grew by just 1.9% to $83 billion. The period ended on June 25.
Fortunately, better days seem set to resume shortly. A key growth driver, the iPhone, had sales of $40.7 billion, a 2.7% increase compared to a year ago. While this seems sluggish, it has outperformed other smartphone makers. Better still, Apple seems set to launch the latest version very soon. It's worth noting that the last two generations were a tremendous success.
Apple's price-to-earnings ratio (P/E) has dropped to about 26 times, down from 30 at the start of the year. At the lower valuation, this seems an opportune time to pick up shares ahead of an expected sales growth acceleration.
2. Costco
Costco Wholesale (NASDAQ: COST) sells just about everything you can think of in its warehouses. And it sells its high-quality goods and services at attractive unit prices. The company's value proposition does well in a variety of economic environments. Its stock price has fallen by 9% this year, but that has more to do with the general market sentiment.
To shop at Costco, you need to pay an annual fee. Given its roughly 90% renewal rates and consistently growing memberships, people find it worthwhile. In the third fiscal quarter (ended May 8), the company had 64.4 million paid members, up from 61.7 million at the end of fiscal 2021 (ended Aug. 29, 2021).
It's not merely growing members, either. Costco continues to generate higher operating income, despite higher costs affecting many other retailers. Last quarter, its operating income was $1.8 billion, 7.7% higher than a year ago.
Management continues to steadily expand the number of warehouses. The company previously stated that it expected to have 840 warehouses at the end of the latest fiscal year, up from the 817 it had a year ago.
Costco sells at a P/E of 41, down from nearly 50 at the start of 2022. Although that's double the S&P 500's multiple, Costco should sell for a higher valuation since it has a steadily growing business that attracts members in a variety of economic circumstances.
It's not easy to buy stocks when they're dropping. Apple and Costco shares may drop further should the Nasdaq Composite continue falling. But their long-term prospects remain strong, making this an opportune time to purchase shares in these two companies.
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Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Costco Wholesale. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Apple's (NASDAQ: AAPL) popular offerings include the iPhone, iPad, and Mac. A key growth driver, the iPhone, had sales of $40.7 billion, a 2.7% increase compared to a year ago. At the lower valuation, this seems an opportune time to pick up shares ahead of an expected sales growth acceleration.
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Apple Apple's (NASDAQ: AAPL) popular offerings include the iPhone, iPad, and Mac. Costco Costco Wholesale (NASDAQ: COST) sells just about everything you can think of in its warehouses. In the third fiscal quarter (ended May 8), the company had 64.4 million paid members, up from 61.7 million at the end of fiscal 2021 (ended Aug. 29, 2021).
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Apple Apple's (NASDAQ: AAPL) popular offerings include the iPhone, iPad, and Mac. The company previously stated that it expected to have 840 warehouses at the end of the latest fiscal year, up from the 817 it had a year ago. Although that's double the S&P 500's multiple, Costco should sell for a higher valuation since it has a steadily growing business that attracts members in a variety of economic circumstances.
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Apple Apple's (NASDAQ: AAPL) popular offerings include the iPhone, iPad, and Mac. The company previously stated that it expected to have 840 warehouses at the end of the latest fiscal year, up from the 817 it had a year ago. Although that's double the S&P 500's multiple, Costco should sell for a higher valuation since it has a steadily growing business that attracts members in a variety of economic circumstances.
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19453.0
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2022-09-08 00:00:00 UTC
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Apple ETFs in Focus Post iPhone 14 Launch
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AAPL
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https://www.nasdaq.com/articles/apple-etfs-in-focus-post-iphone-14-launch
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nan
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nan
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At its annual California launch event, Apple AAPL unveiled the iPhone 14 series smartphones with four new models — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, as well as products like Apple Watch Series 8, Apple Watch Ultra and next-gen AirPods Pro.
Given this, investors seeking to tap the bullishness in the tech titan could consider the ETFs having the largest allocation to it. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC, iShares US Technology ETF IYW and iShares Russell Top 200 Growth ETF IWY have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Insights Into the Features of the New iPhone Models
The iPhone 14 series features battery life and camera upgrades over its predecessor. Its four new models are between 6.1 and 6.7 inches in length, meaning they have larger screens than the iPhone 13 and can last all day on a single charge. iPhone 14 and 14 Plus feature an upgraded 12MP camera, while the Pro and Pro Max versions have a 48MP camera.
Out of the four, the 6.1-inch iPhone 14 is the most affordable, with a price tag of $799. The 6.7-inch iPhone 14 Plus starts at $899, while the iPhone 14 Pro and iPhone 14 Pro Max, which also have 6.7-inch displays, cost $999 and $1,099, respectively. The pre-order for these models starts Sep 9, while their sale will begin on Sep 16.
Meanwhile, the wireless earbuds feature a new built-in H2 chip and improved audio driver, promising improved audio capabilities. It is available for $249 and will hit stores on Sep 23. The new AirPods Pro offers better overall connectivity thanks to the H2 chip, while adding better sound via its low-distortion driver and custom amplifier (see: all the Technology ETFs here).
ETFs in Focus
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 24.9% share. Technology Select Sector SPDR Fund has key holdings in software, technology hardware, storage & peripherals, semiconductors & semiconductor equipment and IT services.
Technology Select Sector SPDR Fund is the most popular and heavily traded ETF, with AUM of $40 billion and an average daily volume of 6 million shares. The fund charges 10 bps in fees per year (read: 4 Sector ETFs to Bet Big on Decent U.S. Manufacturing Data).
Vanguard Information Technology ETF (VGT)
Vanguard Information Technology ETF manages about $42.7 billion in its asset base and provides exposure to 375 technology stocks. It currently tracks the MSCI US Investable Market Information Technology 25/50 Index. Here, Apple accounts for a 24.1% share.
Vanguard Information Technology ETF has an expense ratio of 0.10%, while volume is solid at nearly 456,000 shares.
MSCI Information Technology Index ETF (FTEC)
MSCI Information Technology Index ETF is home to 368 technology stocks with AUM of $5.3 billion. It follows the MSCI USA IMI Information Technology Index. Apple accounts for a 24.7% allocation.
MSCI Information Technology Index ETF has an expense ratio of 0.08%, while volume is solid at 185,000 shares a day.
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 148 U.S. electronics, computer software and hardware, and informational technology companies. Apple makes up 20.1% of the assets (read: Apple Posts Record Revenues, Beats on Earnings: ETFs to Buy).
iShares Dow Jones US Technology ETF has AUM of $6.6 billion and charges 39 bps in fees and expenses. Volume is good as it exchanges nearly 351,000 shares a day.
iShares Russell Top 200 Growth ETF (IWY)
iShares Russell Top 200 Growth ETF offers exposure to large U.S. companies that are expected to grow at an above-average rate relative to the market. It tracks the Russell Top 200 Growth Index, holding 111 stocks in its basket. Apple accounts for 15.6% of total assets. iShares Russell Top 200 Growth ETF has key holdings in information technology, consumer discretionary and healthcare with double-digit exposure each.
iShares Russell Top 200 Growth ETF has amassed $4.8 billion in its asset base and trades in an average daily volume of 360,000 shares. It has an expense ratio of 0.20%.
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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
iShares Russell Top 200 Growth ETF (IWY): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At its annual California launch event, Apple AAPL unveiled the iPhone 14 series smartphones with four new models — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, as well as products like Apple Watch Series 8, Apple Watch Ultra and next-gen AirPods Pro. Apple Inc. (AAPL): Free Stock Analysis Report Technology Select Sector SPDR Fund is the most popular and heavily traded ETF, with AUM of $40 billion and an average daily volume of 6 million shares.
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At its annual California launch event, Apple AAPL unveiled the iPhone 14 series smartphones with four new models — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, as well as products like Apple Watch Series 8, Apple Watch Ultra and next-gen AirPods Pro. Apple Inc. (AAPL): Free Stock Analysis Report Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC, iShares US Technology ETF IYW and iShares Russell Top 200 Growth ETF IWY have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy).
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At its annual California launch event, Apple AAPL unveiled the iPhone 14 series smartphones with four new models — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, as well as products like Apple Watch Series 8, Apple Watch Ultra and next-gen AirPods Pro. Apple Inc. (AAPL): Free Stock Analysis Report Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC, iShares US Technology ETF IYW and iShares Russell Top 200 Growth ETF IWY have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy).
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Apple Inc. (AAPL): Free Stock Analysis Report At its annual California launch event, Apple AAPL unveiled the iPhone 14 series smartphones with four new models — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max, as well as products like Apple Watch Series 8, Apple Watch Ultra and next-gen AirPods Pro. Technology Select Sector SPDR Fund XLK, Vanguard Information Technology ETF VGT, MSCI Information Technology Index ETF FTEC, iShares US Technology ETF IYW and iShares Russell Top 200 Growth ETF IWY have Apple as the top firm with a double-digit allocation and carry a Zacks Rank #1 (Strong Buy) or 2 (Buy).
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19454.0
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2022-09-07 00:00:00 UTC
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Apple Launches Premium Apple Watch Ultra
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AAPL
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https://www.nasdaq.com/articles/apple-launches-premium-apple-watch-ultra
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nan
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nan
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(RTTNews) - Tech giant Apple Inc. (AAPL) on Wednesday launched the long-awaited Apple Watch Ultra, a premium, flagship smartwatch priced at $799.
Apple claims that Apple Watch Ultra is built for endurance, exploration, and adventure. Apple Watch Ultra features a 49mm titanium case and flat sapphire front crystal. Apple Watch Ultra touts a battery life of up to 36 hours during normal use. Additionally, a new low-power setting, ideal for multi-day experiences, can extend battery life to reach up to 60 hours. The display has sapphire crystal as well as 2,000 nits of brightness.
Apple Watch Ultra is available to order today, with availability beginning Friday, September 23.
"Inspired by explorers and athletes from around the world, we created an entirely new category of Apple Watch designed for new and extreme environments — it's the most rugged and capable Apple Watch yet," said Jeff Williams, Apple's chief operating officer. "Apple Watch Ultra is a versatile tool that empowers users to push their boundaries with adventure, endurance, and exploration."
The watch features a new Action button in high-contrast international orange is easily customized for instant access to a variety of features, including Workouts, Compass Waypoints, Backtrack, and more.
Apple also unveiled the new Apple Watch Series 8, which now features new cycle tracking features, including ovulation. An updated gyroscope and accelerometer to improve crash detection. The Series 8 will be available for $399 for GPS and $499 with cellular. Apple Watch SE is priced at $249 with GPS and $299 with cellular.
Apple Watch Series 8 and Apple Watch SE are available to order today, with availability beginning Friday, September 16.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Tech giant Apple Inc. (AAPL) on Wednesday launched the long-awaited Apple Watch Ultra, a premium, flagship smartwatch priced at $799. Apple Watch Ultra features a 49mm titanium case and flat sapphire front crystal. Additionally, a new low-power setting, ideal for multi-day experiences, can extend battery life to reach up to 60 hours.
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(RTTNews) - Tech giant Apple Inc. (AAPL) on Wednesday launched the long-awaited Apple Watch Ultra, a premium, flagship smartwatch priced at $799. Apple Watch Ultra features a 49mm titanium case and flat sapphire front crystal. Apple Watch Ultra is available to order today, with availability beginning Friday, September 23.
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(RTTNews) - Tech giant Apple Inc. (AAPL) on Wednesday launched the long-awaited Apple Watch Ultra, a premium, flagship smartwatch priced at $799. "Inspired by explorers and athletes from around the world, we created an entirely new category of Apple Watch designed for new and extreme environments — it's the most rugged and capable Apple Watch yet," said Jeff Williams, Apple's chief operating officer. Apple also unveiled the new Apple Watch Series 8, which now features new cycle tracking features, including ovulation.
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(RTTNews) - Tech giant Apple Inc. (AAPL) on Wednesday launched the long-awaited Apple Watch Ultra, a premium, flagship smartwatch priced at $799. Apple also unveiled the new Apple Watch Series 8, which now features new cycle tracking features, including ovulation. Apple Watch SE is priced at $249 with GPS and $299 with cellular.
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19455.0
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2022-09-07 00:00:00 UTC
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Markets Attempt Turnaround as Apple Holds "Far Out" iPhone 14 Event
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AAPL
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https://www.nasdaq.com/articles/markets-attempt-turnaround-as-apple-holds-far-out-iphone-14-event
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nan
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Stocks were higher in the morning hours on Wednesday, as the major indices attempt to find support following a swift decline over the past several weeks. The Nasdaq is looking to break a seven-day losing streak, which marks the longest such streak dating back to November 2016. Apple AAPL stock was marginally higher ahead of its highly anticipated "Far Out" iPhone 14 launch event. The company’s annual September keynote occasion has become a mainstay for Apple followers over the years.
The event will be hosted at Apple’s Cupertino, California headquarters and will be livestreamed via Apple’s website and social media presence. The invitation for this year’s gathering featured a night sky with a constellation of stars surrounding the Apple logo, in what appears to be a play on long-distance, nighttime photography. The move has garnered speculation that Apple’s release of a new set of iPhones will support major camera upgrades. Of course, Apple likes to maintain a veil of secrecy and has kept details surrounding the release hush-hush.
The rumors swirling around the event note that Apple is expected to debut four new iPhone models, with this most recent release dubbed the iPhone 14. It’s likely that AAPL will discontinue the “mini” model with had a 4.7-inch screen, and will now offer the cellular devices at two sizes – in 6.1-inch and 6.7-inch versions. Each would come in a standard model along with a pricier “Pro” model that sports enhanced capabilities.
It's widely expected that Apple will unveil a new major update to the Apple Watch on Wednesday as well. A new “Pro” model may be introduced at the event that includes a larger screen and sturdier finish. It’s rumored that Apple is also considering a body temperature sensor in the new devices, which could assist with sleep tracking and fertility.
And as it has done in the past, Apple will likely delve deeper into the recent iOS 16 update, the iPhone’s software which the company has been testing over the past several months. But don’t expect anything for the iPad and Mac lines, as Apple typically reserves updates for these products at a separate event later in the year.
AAPL is currently a Zacks Rank #3 (Hold). The tech giant has built an impressive earnings track record, having not missed on estimates in the last several years. Over the last four quarters, AAPL has averaged a 5.67% earnings beat. Shares have fallen about 13% since the beginning of the year.
Image Source: Zacks Investment Research
In addition to the sales generated from the devices mentioned above, Apple’s business contains a Services portfolio that includes revenues from cloud services, the App Store, Apple Music, AppleCare, Apple Pay, and other licensing services that have become a major cash cow. For the current fiscal year, AAPL is expected to show earnings growth of 8.73% to $6.10/share on revenues of $392.19 billion.
Image Source: Zacks Investment Research
Make sure to keep an eye on the stock’s reaction as the event is scheduled to go live at 1 p.m. EST.
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Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple AAPL stock was marginally higher ahead of its highly anticipated "Far Out" iPhone 14 launch event. It’s likely that AAPL will discontinue the “mini” model with had a 4.7-inch screen, and will now offer the cellular devices at two sizes – in 6.1-inch and 6.7-inch versions. AAPL is currently a Zacks Rank #3 (Hold).
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Apple Inc. (AAPL): Free Stock Analysis Report Apple AAPL stock was marginally higher ahead of its highly anticipated "Far Out" iPhone 14 launch event. It’s likely that AAPL will discontinue the “mini” model with had a 4.7-inch screen, and will now offer the cellular devices at two sizes – in 6.1-inch and 6.7-inch versions.
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Apple AAPL stock was marginally higher ahead of its highly anticipated "Far Out" iPhone 14 launch event. Apple Inc. (AAPL): Free Stock Analysis Report It’s likely that AAPL will discontinue the “mini” model with had a 4.7-inch screen, and will now offer the cellular devices at two sizes – in 6.1-inch and 6.7-inch versions.
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Apple Inc. (AAPL): Free Stock Analysis Report Apple AAPL stock was marginally higher ahead of its highly anticipated "Far Out" iPhone 14 launch event. It’s likely that AAPL will discontinue the “mini” model with had a 4.7-inch screen, and will now offer the cellular devices at two sizes – in 6.1-inch and 6.7-inch versions.
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19456.0
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2022-09-07 00:00:00 UTC
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Wall Street rebounds as yields slip, focus on Fed path
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AAPL
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https://www.nasdaq.com/articles/wall-street-rebounds-as-yields-slip-focus-on-fed-path
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nan
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By Sruthi Shankar and Ankika Biswas
Sept 7 (Reuters) - U.S. stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investor focus was squarely on the Federal Reserve's monetary policy tightening plans.
The technology-heavy Nasdaq .IXIC led gains among the main indexes, looking to snap a seven-session losing streak. Apple Inc AAPL.O edged up 0.2% ahead of the release of its new range of iPhone models and Apple Watches.
U.S. stocks have sold off sharply since mid-August after hawkish comments from Fed Chair Jerome Powell were compounded by signs of an economic slowdown in Europe and China and aggressive steps by major central banks to tame inflation.
Data signaling strength in the U.S. economy has prompted traders to bet on a 75-basis-point interest rate hike by the Fed later this month. Fed fund futures implied investors were pricing in a more than 80% chance of such a move. FEDWATCH
The 10-year Treasury yield US10YT=RR slipped from three-month highs hit earlier in the session, boosting shares of rate-sensitive stocks such as Tesla Inc TSLA.O and Microsoft Corp MSFT.O. US/
"I would expect markets to be very volatile ... it's going to be a matter of what we hear from various central bankers this week and some of the incoming economic data," said Shawn Cruz, head trading strategist at TD Ameritrade in Chicago.
"Unless we get a sense that things are going to get dramatically worse on the economic front, you should probably expect 3,900 to be a little bit of a floor for the S&P 500."
Cleveland Federal Reserve Bank President Loretta Mester said the high cost of U.S. rental accommodation has not yet fully filtered through to inflation measures, suggesting inflation may still rise further.
Meanwhile, Richmond Fed President Thomas Barkin said the U.S. central bank must lift interest rates to a level that restrains economic activity and keep them there until policymakers are "convinced" that inflation is subsiding.
Focus will be on Powell's speech on Thursday and U.S. consumer price data next week for clues on the path of monetary policy.
The Fed's "Beige Book", a periodic snapshot of the health of the U.S. economy, will be released at 2:00 p.m. ET for further clues on the central bank's monetary policy tightening plans.
At 12:13 p.m. ET, the Dow Jones Industrial Average .DJI was up 206.61 points, or 0.66%, at 31,351.91, the S&P 500 .SPX was up 32.62 points, or 0.83%, at 3,940.81, and the Nasdaq Composite .IXIC was up 115.95 points, or 1.00%, at 11,660.86.
Ten of the 11 major S&P sectors were trading higher, led by a 2% jump in utilities .SPLRCU, reflecting the defensive positioning by investors due to economic uncertainties.
The energy index .SPNY fell 1.6% as oil prices tumbled almost 4% on demand worries related to looming recession risks. Brent crude LCOc1 fell below $90 a barrel. O/R
Nio Inc NIO.N fell 2.6% after the Chinese electric vehicle maker reported a bigger second-quarter adjusted net loss.
Coupa Software Inc COUP.O jumped 14% after the payment management software firm beat second-quarter estimates for revenue and profit.
Advancing issues outnumbered decliners for a 2.04-to-1 ratio on the NYSE and a 1.74-to-1 ratio on the Nasdaq.
The S&P index recorded four new 52-week highs and 16 new lows, while the Nasdaq recorded nine new highs and 193 new lows.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Anil D'Silva, Maju Samuel and Shounak Dasgupta)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc AAPL.O edged up 0.2% ahead of the release of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - U.S. stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investor focus was squarely on the Federal Reserve's monetary policy tightening plans. U.S. stocks have sold off sharply since mid-August after hawkish comments from Fed Chair Jerome Powell were compounded by signs of an economic slowdown in Europe and China and aggressive steps by major central banks to tame inflation.
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Apple Inc AAPL.O edged up 0.2% ahead of the release of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - U.S. stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investor focus was squarely on the Federal Reserve's monetary policy tightening plans. Cleveland Federal Reserve Bank President Loretta Mester said the high cost of U.S. rental accommodation has not yet fully filtered through to inflation measures, suggesting inflation may still rise further.
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Apple Inc AAPL.O edged up 0.2% ahead of the release of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - U.S. stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investor focus was squarely on the Federal Reserve's monetary policy tightening plans. U.S. stocks have sold off sharply since mid-August after hawkish comments from Fed Chair Jerome Powell were compounded by signs of an economic slowdown in Europe and China and aggressive steps by major central banks to tame inflation.
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Apple Inc AAPL.O edged up 0.2% ahead of the release of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - U.S. stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investor focus was squarely on the Federal Reserve's monetary policy tightening plans. Meanwhile, Richmond Fed President Thomas Barkin said the U.S. central bank must lift interest rates to a level that restrains economic activity and keep them there until policymakers are "convinced" that inflation is subsiding.
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2022-09-07 00:00:00 UTC
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Technology Sector Update for 09/07/2022: SIDU,TWTR,PATH,AAPL
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AAPL
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https://www.nasdaq.com/articles/technology-sector-update-for-09-07-2022%3A-sidutwtrpathaapl
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nan
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nan
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Technology stocks were advancing in afternoon trading, bolstered by a 0.3% gain for sector titan Apple (AAPL) as it unveils its iPhone 14 this afternoon along with a new Apple Watch. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 0.9% and the Philadelphia Semiconductor Index were posting a 1.0% advance.
In company news, Sidus Space (SIDU) soared 28% after the space-as-a-service company Wednesday said it has contracted for the launch of five of its LizzieSat satellites with rocket manufacturer SpaceX beginning in early 2023. The upcoming missions will support Sidus' contracts with NASA and the Mission Helios array of blockchain-based nano-satellites as well as future Sidus customers, the company said without providing financial details of the SpaceX contract.
Twitter (TWTR) rose 5.7% after the presiding judge in the legal fight between the social media company and Elon Musk over the billionaire technoking's bid to walk away from a $44 billion acquisition bid allowed Musk to add a whistleblower complaint to his countersuit but also denied his request to postpone the start of the trial until mid-November. "I am convinced that even four week's delay would risk further harm to Twitter," chancellor Kathaleen McCormick of Delaware's Court of Chancery wrote in her order."
Uipath (PATH) fell over 12% after Wednesday forecasting Q3 and FY23 revenue trailing analyst estimates. The robotic process automation company is projecting revenue for its current Q3 ending Oct. 31 in a range of $243 million to $245 million and between $1.00 billion to $1.01 billion in FY23 revenue compared with the analyst means expecting $269.5 million and $1.09 billion, respectively.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Technology stocks were advancing in afternoon trading, bolstered by a 0.3% gain for sector titan Apple (AAPL) as it unveils its iPhone 14 this afternoon along with a new Apple Watch. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 0.9% and the Philadelphia Semiconductor Index were posting a 1.0% advance. Twitter (TWTR) rose 5.7% after the presiding judge in the legal fight between the social media company and Elon Musk over the billionaire technoking's bid to walk away from a $44 billion acquisition bid allowed Musk to add a whistleblower complaint to his countersuit but also denied his request to postpone the start of the trial until mid-November.
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Technology stocks were advancing in afternoon trading, bolstered by a 0.3% gain for sector titan Apple (AAPL) as it unveils its iPhone 14 this afternoon along with a new Apple Watch. The upcoming missions will support Sidus' contracts with NASA and the Mission Helios array of blockchain-based nano-satellites as well as future Sidus customers, the company said without providing financial details of the SpaceX contract. Twitter (TWTR) rose 5.7% after the presiding judge in the legal fight between the social media company and Elon Musk over the billionaire technoking's bid to walk away from a $44 billion acquisition bid allowed Musk to add a whistleblower complaint to his countersuit but also denied his request to postpone the start of the trial until mid-November.
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Technology stocks were advancing in afternoon trading, bolstered by a 0.3% gain for sector titan Apple (AAPL) as it unveils its iPhone 14 this afternoon along with a new Apple Watch. Twitter (TWTR) rose 5.7% after the presiding judge in the legal fight between the social media company and Elon Musk over the billionaire technoking's bid to walk away from a $44 billion acquisition bid allowed Musk to add a whistleblower complaint to his countersuit but also denied his request to postpone the start of the trial until mid-November. The robotic process automation company is projecting revenue for its current Q3 ending Oct. 31 in a range of $243 million to $245 million and between $1.00 billion to $1.01 billion in FY23 revenue compared with the analyst means expecting $269.5 million and $1.09 billion, respectively.
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Technology stocks were advancing in afternoon trading, bolstered by a 0.3% gain for sector titan Apple (AAPL) as it unveils its iPhone 14 this afternoon along with a new Apple Watch. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 0.9% and the Philadelphia Semiconductor Index were posting a 1.0% advance. In company news, Sidus Space (SIDU) soared 28% after the space-as-a-service company Wednesday said it has contracted for the launch of five of its LizzieSat satellites with rocket manufacturer SpaceX beginning in early 2023.
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19458.0
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2022-09-07 00:00:00 UTC
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7 Stocks to Buy on the Dip — or You’ll Be Kicking Yourself Later!
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AAPL
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https://www.nasdaq.com/articles/7-stocks-to-buy-on-the-dip-or-youll-be-kicking-yourself-later
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It may seem counterintuitive during times of stress and worry, but bear markets provide investors with many great opportunities to find high-quality stocks to buy on the dip.
Consider Warren Buffett, arguably the most successful investor of all time. During the bull market of the past decade, Buffett was harshly and frequently criticized for not buying any stocks or companies even as his holding company, Berkshire Hathaway (NYSE:BRK.B), accumulated a cash hoard that, at its peak, totaled $149 billion.
However, during the bull run, Buffett repeatedly complained that stock prices were overvalued and that he didn’t see any deals to be had. But this year, when the benchmark S&P 500 index suffered its worst first half performance since 1970, Buffett bought more than $50 billion worth of stocks — the most he has purchased since the financial crisis of 2008-09.
Buffett took new positions in companies such as Occidental Petroleum (NYSE:OXY) and Ally Financial (NYSE:ALLY), and beefed up his existing holdings in companies such as Apple (NASDAQ:AAPL), finding high-quality stocks to buy on the dip while prices were low and valuations were cheap.
If there’s one thing Buffett doesn’t want to miss it is an opportunity to buy great stocks that are on sale. Other investors should follow suit and also take advantage of this year’s market downturn. Here are seven stocks that you should buy on the dip. If you don’t, you’ll be kicking yourself later on.
GOOGL Alphabet $108.50
AAPL Apple $155.25
F Ford $15.32
NVDA Nvidia $135.80
NKE Nike $107.75
DIS Disney $109.66
SBUX Starbucks $87.88
Alphabet (GOOGL)
Source: IgorGolovniov / Shutterstock.com
At the end of June, one share of technology giant Alphabet (NASDAQ:GOOGL) cost nearly $1,800.00. Today investors can buy the stock for a little over $105 per share. Two things have made the parent company of search engine Google’s stock more affordable. The first was a 20-for-1 stock split that occurred in July. The second is the fact that GOOGL stock has declined 27% this year as the market has turned south. The end result is that investors can now buy this top-shelf technology stock for $106.27 per share.
Consider also that Alphabet looks to be fairly valued right now, with the stock’s price-earnings ratio sitting at 20, its lowest level in a decade. Add in continued strong earnings and a likely rebound in online advertising at its flagship Google search engine, and buying GOOGL stock at its current levels seems like a no-brainer. The current median price target on the stock among 44 professional analysts who cover the company is $140, versus the stock’s current level of just under $110..
In the past five years, Alphabet’s stock has gained 126%.
Apple (AAPL)
Source: dennizn / Shutterstock.com
Another heavyweight tech stock that is on sale right now is consumer electronics giant Apple (NASDAQ:AAPL). As I mentioned earlier, Warren Buffett has used the downturn of AAPL stock this year to bolster his holdings.
Buffett’s company –Berkshire Hathaway — bought $600 million worth of Apple shares in Q1 when AAPL was trading near $150 a share. The current value of Berkshire Hathaway’s AAPL stock is $141.28 billion. The shares are worth more than any other single stock owned by Berkshire.
AAPL stock has fallen to $155 recently. In 2022, the stock has declined about 15% and looks like a bargain at its current levels. The company’s P/E ratio appears to be fair at 25.7, and Apple is one of the few mega-cap technology stocks that actually pays a dividend, as it currently yields 0.60%.
Among the 37 analysts who cover Apple, the median price target on the stock is $185.00. Apple’s share price has gained 289% in the last five years.
Ford Motor Co. (F)
Source: D K Grove / Shutterstock.com
Ford’s (NYSE:F) stock is down 26% so far this year and trading at just $15 a share. The stock is now 42% below its 52-week high of $25.87 a share. While the share price should be attractive to most retail investors, consider also that Ford’s stock looks woefully undervalued with a current P/E ratio of only 5.22, well below the average P/E among S&P 500 stocks of 19.83. Investors should also like that Ford pays an outsized dividend that currently yields 4%, also much better than the average dividend yield among S&P 500 companies of 1.69%.
If a beaten down stock price, low P/E ratio, and high dividend yield aren’t enticing enough, consider also that Ford is aggressively, and successfully, transforming itself into an electric-vehicle company. In an effort to catch-up to industry leader Tesla (NASDAQ:TSLA), Ford has announced that it will spend $50 billion on its electric vehicle transition through 2026, up from a previous commitment of $30 billion.
Ford has also moved to separate its EV unit from its combustion engine business, a decision that has been applauded by analysts. F stock has gained 32% in the past five years, including a 16% gain over the last 12-months.
Nvidia (NVDA)
Source: Shutterstock
The stocks of microchip and semiconductor makers have been brutalized this year as investors flee from specialty tech securities and head for the relative safety of blue-chip consumer staples. Case in point: Nvidia (NASDAQ:NVDA), whose share price is down 55% so far this year and trading at $136 a share. The stock is 60% below its 52-week high.
Investors who are in it for the long haul should take full advantage of the downturn in NVDA stock and buy its shares hand-over-fist. The California-based company remains a leader in the chip and semiconductor space, and its products are used to power everything from supercomputers to artificial intelligence.
The company’s share price has been knocked lower this year after it was forced to pre-announce earning and lower its guidance due to ongoing supply chain problems and softening consumer demand for its chips that are used to power personal computers and video game consoles. NVDA stock also took a gut punch after the U.S. government restricted the sale of some of its chips to China, citing national security concerns.
But despite these challenges, Nvidia’s long-term outlook is strong. In spite of this year’s plunge, the stock remains up 231% over the past five years, and the median price target on the stock is currently $207.50.
Nike (NKE)
Source: TY Lim / Shutterstock.com
The shares of athletic footwear and apparel brand Nike (NYSE:NKE) have been in investor jail for the better part of a year now. The Oregon-based company’s stock price slump 35% in the past 12-months, sliding down to their current level of $107.75 per share. NKE stock barely budged during the July market rally and it has been trading around the $105 mark since May of this year. Investors have sold off the stock on concerns about its manufacturing base in Southeast Asia, excess supplies in the U.S., and slowing demand within China. However, none of these issues appears to have impacted Nike’s earnings.
At the end of June, the company reported fiscal fourth quarter earnings that trounced analysts’ average expectations, announcing earnings per share of 90 cents compared to the 81 cents that was expected, on average, among analysts. Its revenues totaled $12.23 billion versus the $12.06 billion that was expected.
While its sales have declined in China, Nike has managed to make up the shortfall with increased sales in its home market of the U.S. and elsewhere around the globe. The company continues to expand its digital and online sales channels. The median price target on the stock is $129 a share.
Disney (DIS)
Source: nikkimeel / Shutterstock.com
Speaking of companies that delivered better-than-expected quarterly prints, Walt Disney Co. (NYSE:DIS) just delivered stellar financial results, beating analysts’ average estimates on the top and bottom lines and successfully growing its streaming subscribers. Plus, Disney theme parks, hotels and cruises are back to operating at full capacity for the first time since the Covid-19 pandemic began in 2020, and the company has had several hit movies released in theaters this year, including Doctor Strange in the Multiverse of Madness and Death on the Nile. Yet despite all these successes, DIS stock is trading 40% lower than where it was a year ago at $109.66 per share.
Apparently investors remain reticent about the growing competition in the streaming space, as well as the potential impact that upcoming price hikes could have on Disney+ subscribers. Plus, some analysts have raised red flags about the $33 billion that Disney is spending on content for its streaming platform this year.
And uncertainty looms regarding what this fall and winter will bring regarding Covid-19 outbreaks and the potential for renewed lockdowns that could impact Disney’s theme parks around the world. Worries aside, investors with a long-term horizon might want to buy DIS stock while it’s on sale. The median price target on the stock is $140.
Starbucks (SBUX)
Source: monticello / Shutterstock.com
Seattle-based coffee retailer Starbuck’s stock got kicked down a few rungs this past spring when interim CEO Howard Schultz announced that he was suspending the company’s $20 billion share buyback program, and as several of the company’s workers around the U.S. moved to unionize themselves. All the drama has conspired to send SBUX stock down 25% on the year to its current price of $87.88 a share. However, after months of turmoil and strife, Starbucks looks to be turning a page by announcing the appointment of a new permanent CEO and the realignment of its retail network.
Starbucks just named Laxman Narasimhan as its new leader. He most recently served as CEO of health and hygiene company Reckitt Benckiser (NYSE:RKT), which owns brands such as Lysol and Mucinex. He will join Starbucks in October and learn about the company before assuming the CEO job next April.
Until then, Howard Schultz will remain the interim CEO. Schultz will also remain on Starbucks’ board of directors after Narasimhan succeeds him in the top job. New management could be just the thing to help the ailing Starbucks. Analysts’ median price target on SBUX stock is $91 a share, for 8% potential upside.
On the date of publication, Joel Baglole held long positions in AAPL, GOOGL, NVDA and DIS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post 7 Stocks to Buy on the Dip — or You’ll Be Kicking Yourself Later! appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Buffett took new positions in companies such as Occidental Petroleum (NYSE:OXY) and Ally Financial (NYSE:ALLY), and beefed up his existing holdings in companies such as Apple (NASDAQ:AAPL), finding high-quality stocks to buy on the dip while prices were low and valuations were cheap. GOOGL Alphabet $108.50 AAPL Apple $155.25 F Ford $15.32 NVDA Nvidia $135.80 NKE Nike $107.75 DIS Disney $109.66 SBUX Starbucks $87.88 Alphabet (GOOGL) Source: IgorGolovniov / Shutterstock.com At the end of June, one share of technology giant Alphabet (NASDAQ:GOOGL) cost nearly $1,800.00. Apple (AAPL) Source: dennizn / Shutterstock.com Another heavyweight tech stock that is on sale right now is consumer electronics giant Apple (NASDAQ:AAPL).
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GOOGL Alphabet $108.50 AAPL Apple $155.25 F Ford $15.32 NVDA Nvidia $135.80 NKE Nike $107.75 DIS Disney $109.66 SBUX Starbucks $87.88 Alphabet (GOOGL) Source: IgorGolovniov / Shutterstock.com At the end of June, one share of technology giant Alphabet (NASDAQ:GOOGL) cost nearly $1,800.00. Buffett took new positions in companies such as Occidental Petroleum (NYSE:OXY) and Ally Financial (NYSE:ALLY), and beefed up his existing holdings in companies such as Apple (NASDAQ:AAPL), finding high-quality stocks to buy on the dip while prices were low and valuations were cheap. Apple (AAPL) Source: dennizn / Shutterstock.com Another heavyweight tech stock that is on sale right now is consumer electronics giant Apple (NASDAQ:AAPL).
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Buffett took new positions in companies such as Occidental Petroleum (NYSE:OXY) and Ally Financial (NYSE:ALLY), and beefed up his existing holdings in companies such as Apple (NASDAQ:AAPL), finding high-quality stocks to buy on the dip while prices were low and valuations were cheap. GOOGL Alphabet $108.50 AAPL Apple $155.25 F Ford $15.32 NVDA Nvidia $135.80 NKE Nike $107.75 DIS Disney $109.66 SBUX Starbucks $87.88 Alphabet (GOOGL) Source: IgorGolovniov / Shutterstock.com At the end of June, one share of technology giant Alphabet (NASDAQ:GOOGL) cost nearly $1,800.00. Apple (AAPL) Source: dennizn / Shutterstock.com Another heavyweight tech stock that is on sale right now is consumer electronics giant Apple (NASDAQ:AAPL).
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GOOGL Alphabet $108.50 AAPL Apple $155.25 F Ford $15.32 NVDA Nvidia $135.80 NKE Nike $107.75 DIS Disney $109.66 SBUX Starbucks $87.88 Alphabet (GOOGL) Source: IgorGolovniov / Shutterstock.com At the end of June, one share of technology giant Alphabet (NASDAQ:GOOGL) cost nearly $1,800.00. Buffett’s company –Berkshire Hathaway — bought $600 million worth of Apple shares in Q1 when AAPL was trading near $150 a share. Buffett took new positions in companies such as Occidental Petroleum (NYSE:OXY) and Ally Financial (NYSE:ALLY), and beefed up his existing holdings in companies such as Apple (NASDAQ:AAPL), finding high-quality stocks to buy on the dip while prices were low and valuations were cheap.
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2022-09-07 00:00:00 UTC
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EXCLUSIVE-General Motors targets China's urban rich with luxury imports
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AAPL
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https://www.nasdaq.com/articles/exclusive-general-motors-targets-chinas-urban-rich-with-luxury-imports
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nan
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nan
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By Norihiko Shirouzu
BEIJING, Sept 8 (Reuters) - General Motors has lost its mojo in China.
Sales of its flagship Buick, Cadillac and Chevrolet brands have slumped by a third over the past five years to 1.3 million cars a year as consumers snap up smart EVs made by home-grown firms such as Xpeng 9868.HK, Nio 9866.HK and BYD 1211.HK.
To generate some buzz around its American brands, GM GM.N is planning to target well-heeled consumers in China's megacities with niche, luxury imports, executives at the U.S. automaker told Reuters.
Using a new direct sales platform called Durant Guild, the company will host invitation-only events to showcase possible products, open "experience centers" in urban hubs and potentially stage pop-ups at selected sites, they said.
"Durant Guild is not a volume play, but if we do a good job and the products sell well, it will create a lot of buzz around Cadillac and Chevy and will help how people perceive our products and technology," the head of GM in China, Julian Blissett, told Reuters.
While he declined to name which cars would be sold through Durant Guild, he said think of U.S. premium models currently unavailable in China such as the all-electric GMC Hummer pick-up or sports-utility vehicle (SUV), the hulking gasoline-fuelled Chevrolet Tahoe SUV or the sleek Chevrolet Corvette sports car.
Blissett, a 16-year veteran of the Chinese market, said such "halo cars" would fit nicely into communities of consumers in cities who have started to harbour an interest in performance cars for racing, or SUVs to venture off the beaten track.
"There's a lot more appetite to take more off-road types of vehicles to explore nature, and that wasn't a trend five, 10 years ago," Blissett said in an interview.
Durant Guild, which is named after GM's founder William Durant, will be wholly owned and operated by GM and will launch officially as soon as this month.
To mark the launch, GM is hosting a series of invitation-only events, with the first expected in Shanghai on Friday.
SHIFTING FORTUNES
GM hopes that by using a sales and marketing model akin to ones that worked well for Tesla TSLA.O and Apple AAPL.O in China, it will be able to channel any energy and excitement the imports generate back into GM's existing models in the country.
"That will be a positive impact on our business and will support our growth plans in China," Blissett said.
GM plans to do this without relying on traditional brick-and-mortar dealerships. It was not immediately clear how GM plans to service cars sold through Durant Guild.
Global automakers such GM, Volkswagen VOWG_p.DE and Toyota 7203.T, which have dominated the combustion age in China, are falling steadily behind local players in a booming electric vehicle (EV) market.
Foreign brands including Buick and Chevrolet have dominated in China since the 1990s, typically winning a collective 60% to 70% share of passenger car sales in recent years.
In the first eight months of 2022, however, foreign brands only captured 52.4% of the market.
In a sign of the shifting fortunes, sales by GM's Chinese joint venture with SAIC Motor (SAIC-GM) had fallen 4.6% by the end of August compared with the same period last year, while BYD sales sky-rocketed 267%.
For GM, improving the perception of its brands in China is all the more important as it prepares to unleash a new generation of smart EVs of its own in the country, starting with the Cadillac Lyriq SUV this year.
Felix Weller, head of Durant Guild, said GM had earmarked three new types of consumer it hopes to attract.
First there are the nature lovers interested in glamping, picnicking, trekking and cycling, all while staying close to home in the wake of the pandemic that limited travel options.
Then there are the executive VIPs, successful professionally and busy, while the third group includes young and sporty drivers who are taking performance cars to racing tracks.
A spokesperson said subsequently that there were other communities in China that GM was also interested in wooing through Durant Guild, without giving details.
NO CONFLICT
It was not immediately clear what specific competitive conditions in China's auto marketplace compelled GM to launch a new direct-to-consumer channel to sell specialty vehicles shipped in from North America.
Asked how its Chinese partner has responded to Durant Guild, Blissett said GM had the full support of SAIC 600104.SS for both the idea and intent behind Durant Guild.
"There is no fundamental tension," he said.
The GM China chief also said there had been no push back from Chinese dealers marketing Buick, Cadillac and Chevrolet cars for GM and SAIC, partly because there was no crossover.
"It's a business they don't have to date, so we're not cutting anything from anybody. It's an incremental, additional business," Blissett said.
Asked about Durant Guild, a spokesperson for SAIC said: "The new platform is complementary to SAIC-GM's existing business. It doesn't conflict with anything we do."
Weller said Durant Guild will try to go beyond placing its experience centers inside shopping malls, as Tesla and other EV startups have done, but that strategy was still being finalised.
He said GM had no plans to use a similar direct-to-consumer model for Buick, Chevy and Cadillac cars already on sale in China - or to take the Durant Guild model beyond China.
Chee-Kiang Lim, managing director for China at Detroit-based automotive consultancy Urban Science, said a direct sales model such as Durant Guild was a cost-effective way to market cars and maximise profits - and GM's focus on changing lifestyles among consumers could be a differentiator.
But he said GM should not overlook an even more critical consumer trend, where consumers are increasingly preoccupied with smart, connected features.
"What Chinese consumers want is to extend their digital lifestyles to their cars. Cars from foreign brands designed and engineered overseas are increasingly not meeting these needs," Lim said.
"If Durant can overcome this bias and provide high-tech, personalised features and seamless connectivity to China's digital ecosystems, its odds of success in the China marketplace will be higher."
INSIGHT-Global automakers face electric shock in China
(Reporting by Norihiko Shirouzu in Beijing; Additional reporting by Zoey Zhang in Beijing; Editing by David Clarke)
((Norihiko.Shirouzu@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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GM hopes that by using a sales and marketing model akin to ones that worked well for Tesla TSLA.O and Apple AAPL.O in China, it will be able to channel any energy and excitement the imports generate back into GM's existing models in the country. Using a new direct sales platform called Durant Guild, the company will host invitation-only events to showcase possible products, open "experience centers" in urban hubs and potentially stage pop-ups at selected sites, they said. It was not immediately clear what specific competitive conditions in China's auto marketplace compelled GM to launch a new direct-to-consumer channel to sell specialty vehicles shipped in from North America.
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GM hopes that by using a sales and marketing model akin to ones that worked well for Tesla TSLA.O and Apple AAPL.O in China, it will be able to channel any energy and excitement the imports generate back into GM's existing models in the country. Using a new direct sales platform called Durant Guild, the company will host invitation-only events to showcase possible products, open "experience centers" in urban hubs and potentially stage pop-ups at selected sites, they said. In a sign of the shifting fortunes, sales by GM's Chinese joint venture with SAIC Motor (SAIC-GM) had fallen 4.6% by the end of August compared with the same period last year, while BYD sales sky-rocketed 267%.
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GM hopes that by using a sales and marketing model akin to ones that worked well for Tesla TSLA.O and Apple AAPL.O in China, it will be able to channel any energy and excitement the imports generate back into GM's existing models in the country. The GM China chief also said there had been no push back from Chinese dealers marketing Buick, Cadillac and Chevrolet cars for GM and SAIC, partly because there was no crossover. He said GM had no plans to use a similar direct-to-consumer model for Buick, Chevy and Cadillac cars already on sale in China - or to take the Durant Guild model beyond China.
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GM hopes that by using a sales and marketing model akin to ones that worked well for Tesla TSLA.O and Apple AAPL.O in China, it will be able to channel any energy and excitement the imports generate back into GM's existing models in the country. Blissett, a 16-year veteran of the Chinese market, said such "halo cars" would fit nicely into communities of consumers in cities who have started to harbour an interest in performance cars for racing, or SUVs to venture off the beaten track. It was not immediately clear how GM plans to service cars sold through Durant Guild.
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19460.0
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2022-09-07 00:00:00 UTC
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Apple Launches IPhone 14 Pro And 14 Pro Max
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AAPL
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https://www.nasdaq.com/articles/apple-launches-iphone-14-pro-and-14-pro-max
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nan
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nan
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(RTTNews) - Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its "Far Out" event in Cupertino, California.
The new Apple iPhone 14 Pro and Pro Max feature 6.1-inch and 6.7-inch display, respectively. The models sport a new smaller pill-shaped notch as well as an always-on-display. The notch has moving alerts and notifications around it, integrating the cutout into the phone's UI, which Apple calls the "Dynamic Island."
The flagship devices are powered by A16 Bionic, which Apple touts as the fastest chip ever in a smartphone. The iPhone 14 Pro features a 48MP main camera with a quad-pixel sensor, and Photonic Engine, which enhances image pipeline that dramatically improves low-light photos.
The iPhone 14 Pro will start at $999, while the 14 Pro Max will start at $1,099. Pre-orders begin Friday, September 9, with availability beginning Friday, September 16.
The iPhone 14 Pro will also sport an upgraded Super Retina XDR display, featuring 2,000 nits of brightness. The display's LTPO technology allows it to jump down to a 1Hz refresh rate dynamically, lowering power consumption.
"Our customers count on their iPhone every day, and with iPhone 14 Pro and iPhone 14 Pro Max, we're delivering more advancements than any other iPhone. iPhone 14 Pro introduces a camera system that empowers every user — from the casual user to the professional — to take their best photos and video, and innovative new technologies like the Always-On display and the Dynamic Island, which offers new interactions for notifications and activities," said Greg Joswiak, Apple's senior vice president of Worldwide Marketing. "Groundbreaking safety capabilities bring users even more security, offering help when they need it most. And with the incredibly powerful and efficient A16 Bionic chip and all-day battery life, this is the best iPhone yet."
The iPhone 14 Pro will also feature Emergency SOS and Crash Detection.
Apple also announced the iPhone 14 and 14 Plus models, which is powered by the previous-gen A15 Bionic chipset. The tech giant has not launched Mini version of their iPhone this year.
Apple iPhone 14 and iPhone 14 Plus feature 6.1-inch and 6.7-inch displays, respectively. New 12-megapixel main cameras with a new front camera with autofocus. The standard iPhone 14 model starts at $799, and the 14 Plus starts at $899. Preorders will start September 9th; the standard 14 ships on September 16th, and the 14 Plus arrives later on October 7th.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its "Far Out" event in Cupertino, California. The notch has moving alerts and notifications around it, integrating the cutout into the phone's UI, which Apple calls the "Dynamic Island." The iPhone 14 Pro features a 48MP main camera with a quad-pixel sensor, and Photonic Engine, which enhances image pipeline that dramatically improves low-light photos.
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(RTTNews) - Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its "Far Out" event in Cupertino, California. The new Apple iPhone 14 Pro and Pro Max feature 6.1-inch and 6.7-inch display, respectively. Pre-orders begin Friday, September 9, with availability beginning Friday, September 16.
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(RTTNews) - Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its "Far Out" event in Cupertino, California. "Our customers count on their iPhone every day, and with iPhone 14 Pro and iPhone 14 Pro Max, we're delivering more advancements than any other iPhone. iPhone 14 Pro introduces a camera system that empowers every user — from the casual user to the professional — to take their best photos and video, and innovative new technologies like the Always-On display and the Dynamic Island, which offers new interactions for notifications and activities," said Greg Joswiak, Apple's senior vice president of Worldwide Marketing.
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(RTTNews) - Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its "Far Out" event in Cupertino, California. The new Apple iPhone 14 Pro and Pro Max feature 6.1-inch and 6.7-inch display, respectively. iPhone 14 Pro introduces a camera system that empowers every user — from the casual user to the professional — to take their best photos and video, and innovative new technologies like the Always-On display and the Dynamic Island, which offers new interactions for notifications and activities," said Greg Joswiak, Apple's senior vice president of Worldwide Marketing.
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19461.0
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2022-09-07 00:00:00 UTC
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Why Globalstar Stock Crashed, Then Soared, Today
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AAPL
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https://www.nasdaq.com/articles/why-globalstar-stock-crashed-then-soared-today
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nan
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nan
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What happened
Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. They got the partnership news that had been rumored, but not until toward the end of the Apple event.
Shares of Globalstar went on a roller-coaster ride while investors waited, falling as much as 23% at one point before rocketing more than 40% higher once the news became official.
So what
Talk of an iPhone able to send text messages and make phone calls via a satellite connection has been making the rounds for about a year, and increased chatter ahead of Apple's Wednesday new product event had helped Globalstar shares rocket nearly 60% higher in the past three months.
The companies made it official at the event. In a regulatory filing, Globalstar said that it would partner with Apple to bring limited satellite connectivity to certain Apple products when other terrestrial connections are unavailable.
As part of the partnership, Apple has been provided warrants to acquire up to 2.64% of Globalstar's outstanding stock at a price of $1.01 per share. Apple is under no obligation to buy the stock, but the company also was granted the right to participate in future equity raises. Globalstar also said it intends to abandon its Duplex messaging service to free up bandwidth for the Apple service, which would include abandoning about $175 million in assets and royalties.
Now what
Globalstar said it expects to generate revenue in a range of $185 million to $230 million in 2023, well ahead of the single analyst estimate for $130 million in sales. By 2026, when all of its new satellites are operational, total revenue is expected to grow by about 35% compared to the 2023 forecast, thanks primarily to these new partner relationships.
Satellite internet service has proven to be a tricky business to invest in over the years, but as technology improves, Globalstar is finding more uses for its assets. With a market capitalization of more than $4 billion today and just $136 million in revenue over the past 12 months, Globalstar is in no way a cheap space stock. But the Apple partnership is a reason to get excited, and investors are in a celebratory mood on Wednesday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. Shares of Globalstar went on a roller-coaster ride while investors waited, falling as much as 23% at one point before rocketing more than 40% higher once the news became official. Satellite internet service has proven to be a tricky business to invest in over the years, but as technology improves, Globalstar is finding more uses for its assets.
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What happened Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. So what Talk of an iPhone able to send text messages and make phone calls via a satellite connection has been making the rounds for about a year, and increased chatter ahead of Apple's Wednesday new product event had helped Globalstar shares rocket nearly 60% higher in the past three months. In a regulatory filing, Globalstar said that it would partner with Apple to bring limited satellite connectivity to certain Apple products when other terrestrial connections are unavailable.
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What happened Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. So what Talk of an iPhone able to send text messages and make phone calls via a satellite connection has been making the rounds for about a year, and increased chatter ahead of Apple's Wednesday new product event had helped Globalstar shares rocket nearly 60% higher in the past three months. In a regulatory filing, Globalstar said that it would partner with Apple to bring limited satellite connectivity to certain Apple products when other terrestrial connections are unavailable.
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What happened Globalstar (NYSEMKT: GSAT) investors went into Wednesday hoping to hear Apple (NASDAQ: AAPL) announce it was bringing satellite connectivity to the iPhone using Globalstar satellites. They got the partnership news that had been rumored, but not until toward the end of the Apple event. So what Talk of an iPhone able to send text messages and make phone calls via a satellite connection has been making the rounds for about a year, and increased chatter ahead of Apple's Wednesday new product event had helped Globalstar shares rocket nearly 60% higher in the past three months.
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19462.0
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2022-09-07 00:00:00 UTC
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Apple unveils iPhone 14 with satellite SOS, Ultra Watch for outdoors
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AAPL
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https://www.nasdaq.com/articles/apple-unveils-iphone-14-with-satellite-sos-ultra-watch-for-outdoors
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nan
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nan
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By Stephen Nellis
Sept 7 (Reuters) - Apple Inc AAPL.O introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons.
The outdoor-focused products will test whether Apple's relatively affluent customer base will keep spending in the face of rising inflation.
Prices of the high-end iPhone 14s are the same as last year's iPhone 13 models. But Apple dropped its cheapest option, the iPhone mini, meaning the cheapest model now costs $100 more than last year.
The iPhone 14 will start at $799 and the iPhone Plus at $899 and be available for preorder starting Sept. 9. The iPhone Pro will cost $999 and the iPhone Pro Max $1,099 and be available Sept. 16.
"It's interesting that they decided to essentially maintain pricing despite inflationary pressure," said D.A. Davidson analyst Tom Forte. "The decision or the strategy is Apple believes that it can sustain margins by discontinuing a lower-priced device in the lineup."
Apple said its satellite SOS will work with emergency responders. It also said that in some situations, users will be able to use its FindMy app to share their location via satellite when they have no other connectivity.
Shares in Globalstar Inc GSAT.A jumped 20% on Wednesday after the satellite services firm announced it will be the satellite operator for Apple's emergency SOS service.
Apple will pay for 95% of the approved capital expenditure for the new satellites that would be needed to support the service, but Globalstar said it will still need to raise additional debt to construct and deploy the satellites.
The stock had gained almost 70% from mid-June to Tuesday's close, following speculation of working with Apple.
Other companies are working on similar functions. SpaceX founder Elon Musk said last month it is working with T-Mobile TMUS.O to use its Starlink satellites to connect phones directly to the internet.
Apple's iPhone 14 Plus model will have a larger screen like Apple's iPhone Pro models but an A15 processor chip like the previous iPhone 13.
The Cupertino, California-based company also showed a trio of new Apple Watches, including a new Watch Ultra model aimed at extreme sports and diving and designed to challenge sportswatch specialists such as Garmin GRMN.BN and Polar.
"Apple is competing for a consumer segment that already has high loyalty towards their existing products and vendors, and it will need to prove itself over time," said Runar Bjorhovde, an analyst at Canalys.
The Ultra has a bigger battery to last through events like triathlons and better waterproofing and temperature resistance to operate in outdoor environments, as well as better GPS tracking for sports.
The new Watches include an upgraded budget model called the SE and a Series 8 Watch with crash detection and low-power mode for 36 hours of battery life.
The Series 8 with cellular will start at $499 and the SE will start at $299 with cellular. The Ultra, which includes cellular in its base model, will start at $799 and be available Sept. 23.
Apple said the new Series 8 watch has a temperature sensor that will work in conjunction with its previously released cycle tracking app to retroactively detect ovulation. The company emphasized the privacy approach of its cycle tracking. Privacy and reproductive health data has become a focus for tech companies in the wake of a U.S. Supreme Court decision that ended a constitutional right to abortion in the United States.
Apple said it does not have the key to decrypt health data such as cycle tracking.
Apple also touted that its second-generation AirPods Pro will double the amount of noise cancellation over the original version.
But while accessories like the Apple Watch have driven incremental sales from Apple's existing user base, the iPhone remains the bedrock of its business with 52.4% of sales in its most recent fiscal year.
Apple's stock was up 0.8% after the presentation, lagging the S&P 500's gain of 1.8% for the session.
Apple did not give any hints or a preview of its mixed-reality headset on Wednesday. The device is expected to have cameras that pass-through view of the outside world to the wearer while overlaying digital objects on the physical world. Analysts do not expect the device to go on sale until next year at the earliest.
A rival headset called Project Cambria is in the works from Meta Platforms Inc META.O, which is spending billions of dollars on the project.
Apple picks Globalstar for satellite service on iPhone 14 series
FACTBOX-Apple launches iPhone 14 with emergency satellite messaging, adventure watch
(Reporting by Stephen Nellis in San Francisco; Additional reporting by Nivedita Balu in Bengaluru; Editing by Peter Henderson and Lisa Shumaker)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons. "Apple is competing for a consumer segment that already has high loyalty towards their existing products and vendors, and it will need to prove itself over time," said Runar Bjorhovde, an analyst at Canalys. Apple picks Globalstar for satellite service on iPhone 14 series FACTBOX-Apple launches iPhone 14 with emergency satellite messaging, adventure watch (Reporting by Stephen Nellis in San Francisco; Additional reporting by Nivedita Balu in Bengaluru; Editing by Peter Henderson and Lisa Shumaker) ((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons. Shares in Globalstar Inc GSAT.A jumped 20% on Wednesday after the satellite services firm announced it will be the satellite operator for Apple's emergency SOS service. Apple picks Globalstar for satellite service on iPhone 14 series FACTBOX-Apple launches iPhone 14 with emergency satellite messaging, adventure watch (Reporting by Stephen Nellis in San Francisco; Additional reporting by Nivedita Balu in Bengaluru; Editing by Peter Henderson and Lisa Shumaker) ((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons. Apple's iPhone 14 Plus model will have a larger screen like Apple's iPhone Pro models but an A15 processor chip like the previous iPhone 13. But while accessories like the Apple Watch have driven incremental sales from Apple's existing user base, the iPhone remains the bedrock of its business with 52.4% of sales in its most recent fiscal year.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons. Prices of the high-end iPhone 14s are the same as last year's iPhone 13 models. Shares in Globalstar Inc GSAT.A jumped 20% on Wednesday after the satellite services firm announced it will be the satellite operator for Apple's emergency SOS service.
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19463.0
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2022-09-07 00:00:00 UTC
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Which “Strong Buy” Semiconductor Stock Does Wall Street Love Most?
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AAPL
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https://www.nasdaq.com/articles/which-strong-buy-semiconductor-stock-does-wall-street-love-most
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nan
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nan
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Semiconductor stocks have been dragged lower amid the broader market sell-off. In this piece, we used TipRanks' Comparison Tool to look closely at three discounted semiconductor stocks — AVGO, NVDA, and AAPL — that Wall Street still believes in despite recent negativity.
Semiconductor shortages have been a major cause of concern for most of the pandemic. Such shortages worked their way through most parts of the economy, affecting everything from cars to next-generation video-game consoles.
After the semi shortage could be a glut, as supply gets back up to full speed (or higher than full speed) and demand looks to fade in the early innings of a recession. However, such a semiconductor glut could lead to markdowns and margin erosion in some of the top semiconductor stocks that have been weighed down by seemingly endless headwinds in recent years.
In any case, 2020 and 2021 showed us just how vital the semis are to a proper-functioning world economy. If firms can't get their chips, the supply of many consumer goods falls, adding fuel to price increases.
As the semi boom (and shortage) turns into a bust (and glut), there's no telling how much lower the "chip dip" will go on for. Numerous semiconductor makers see weakness. Indeed, economic recessions tend to be quite unforgiving to the cyclical semi plays.
Looking further out, many secular trends in the tech world are still in play. These trends will outlast the coming recession and associated chip bust. From a longer-term perspective, the chip dip seems more than worth buying. Many Wall Street analysts agree.
Broadcom (NASDAQ: AVGO)
Broadcom is a $202 billion semiconductor behemoth engaged in designing and manufacturing various semiconductor components. The company has been pushing into high-margin software in recent years, thanks in part to strategic acquisitions. Recently, Broadcom bought virtualization software firm VMWare in a deal worth $61 billion.
Many analysts viewed the acquisition favorably, given the modest multiple paid (VMWare stock lost around 53% of its value before Broadcom stepped in). Further, Broadcom has had great success in integrating past software deals, including CA Technologies.
Unlike many tech companies with the urge to merge, Broadcom has been very disciplined in its approach, opting to wait for valuations to come down to reasonable levels before pulling the trigger.
With a growing software presence, Broadcom can become far less cyclical than the semiconductor market. The semiconductor market can be quite cyclical, but software can help hold up the fort. Further, Broadcom's propensity to buy on dips minimizes risks relative to other tech heavyweights that may have been found guilty of chasing.
Recently, Broadcom clocked in a solid third quarter, with per-share earnings of $9.73, above the consensus estimate of $9.56. Revenue also rose 25% year over year to $8.5 billion. Helping fuel the bottom-line beat was strength in Cloud and Data Centers. Though semis face a tough road ahead, Broadcom remains confident for its coming fourth quarter.
At 25.1x trailing earnings, Broadcom stock trades at a slight discount to its peer group. With less-cyclical software offerings to steady the ship, I think AVGO ought to be worth more of a premium in the face of a downturn.
What is AVGO Stock's Price Target?
Wall Street can't get enough of Broadcom, with a "Strong Buy" rating and 12 unanimous Buy ratings. The implied year-ahead upside is also quite high, at 33.3%, with the average Broadcom price forecast coming in at $676.36 per share.
Nvidia (NASDAQ: NVDA)
Nvidia is a graphics-processing unit (GPU) kingpin that's grown to become one of the most exciting semiconductor plays in the tech scene today. Nvidia's total addressable market (TAM) is huge, and it's growing, with a foot in the door of various nascent tech markets, including AI, connected cars, video gaming, and the metaverse.
Though Nvidia is leaving its rivals behind with every product iteration, the stock has become incredibly frothy in recent years. As semiconductor demand goes from boom to bust, Nvidia stock could see its lofty valuation multiple contract further. Despite shedding more than 59% of its value from its peak, Nvidia stock is still up significantly from its pre-pandemic high.
It's not just a slowing market or a recession that could hit Nvidia stock; new rules surrounding exports of leading AI GPUs to China and Russia could weigh on demand. Nvidia stock got pummelled, as government-mandated export limits will surely take a bite out of sales.
Despite the macro challenges, Nvidia continues to be one of the most innovative forces in Silicon Valley. In due time, its abilities will shine through again. In the meantime, the hefty 12.7x sales multiple, the recent quarterly flop (Q2 2023), and recession woes could be an overhang on the former high-flyer.
What is NVDA Stock's Price Target?
Wall Street thinks the dip in NVDA stock is worth buying, with 23 Buys and eight Holds assigned in the past three months. The average NVDA stock price target of $209.60 suggests 51.8% upside potential over the coming year.
Apple (NASDAQ: AAPL)
Apple may not be a semiconductor pure-play, but it's made quite a splash in chips over the past few years with its M-series Silicon. Further, Apple is reportedly looking to in-house many other semiconductor components used in its iPhones. According to Bloomberg, one of Apple's new offices may look to create wireless radios and semiconductors used for Bluetooth and Wi-Fi connectivity.
Cutting firms like Broadcom out of the equation could do wonders for Apple's margins while giving it more control during times when they are significant constraints on the global semiconductor market. Indeed, semi shortages have weighed on Apple's past quarters. As the company looks to lower its dependence on other chip makers, Apple may be the hardware maker its rivals strive to be.
At the end of the day, Apple is all about finding the perfect balance of hardware, software, and services. The company has done a fantastic job of turning the M-series chip into something special. The product is leaving competing chips for dead. As Apple looks to become the maker of its own components, I'd look for similar performance and power-efficiency improvements across the board.
What is AAPL Stock's Price Target?
Wall Street loves Apple, with 22 Buys, four Holds, and just one Sell. The average AAPL stock price target of $183.12 implies 17.1% year-ahead upside potential.
Conclusion: Analysts are Most Bullish on NVDA Stock
Broadcom, Nvidia, and Apple are chip makers that Wall Street continues to pound the table on. Of the three names on the list, analysts expect the most from Nvidia.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this piece, we used TipRanks' Comparison Tool to look closely at three discounted semiconductor stocks — AVGO, NVDA, and AAPL — that Wall Street still believes in despite recent negativity. Apple (NASDAQ: AAPL) Apple may not be a semiconductor pure-play, but it's made quite a splash in chips over the past few years with its M-series Silicon. What is AAPL Stock's Price Target?
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In this piece, we used TipRanks' Comparison Tool to look closely at three discounted semiconductor stocks — AVGO, NVDA, and AAPL — that Wall Street still believes in despite recent negativity. The average AAPL stock price target of $183.12 implies 17.1% year-ahead upside potential. Apple (NASDAQ: AAPL) Apple may not be a semiconductor pure-play, but it's made quite a splash in chips over the past few years with its M-series Silicon.
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Apple (NASDAQ: AAPL) Apple may not be a semiconductor pure-play, but it's made quite a splash in chips over the past few years with its M-series Silicon. In this piece, we used TipRanks' Comparison Tool to look closely at three discounted semiconductor stocks — AVGO, NVDA, and AAPL — that Wall Street still believes in despite recent negativity. What is AAPL Stock's Price Target?
|
In this piece, we used TipRanks' Comparison Tool to look closely at three discounted semiconductor stocks — AVGO, NVDA, and AAPL — that Wall Street still believes in despite recent negativity. Apple (NASDAQ: AAPL) Apple may not be a semiconductor pure-play, but it's made quite a splash in chips over the past few years with its M-series Silicon. What is AAPL Stock's Price Target?
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19464.0
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2022-09-07 00:00:00 UTC
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Wall Street Remains Rangebound
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AAPL
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https://www.nasdaq.com/articles/wall-street-remains-rangebound
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nan
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nan
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Pre-market futures are bobbing and weaving on either side of the zero-line this morning, with a dearth of market direction from earnings reports or economic data, save a new International Trade Balance for July out this morning. In fact, we won’t gain any real traction from scheduled news items until the new Consumer Price Index (CPI) comes out next week, and Q3 earnings season doesn’t begin until early reporters like FedEx FDX release their numbers September 22 — a day after the Fed decides the new interest rate.
The trade balance (deficit) came down to a nine-month low for July: -$70.7 billion, from the -$80.9 billion for June. We’re also well off the all-time crevasse in trade, which came in March of this year: -$107.65 billion. Exports rose +0.2% to $259.3 billion, while Imports dropped -2.9% or $329.9 billion. Our deficit with China fell -$3.9 billion to $33.0 billion.
Speaking of China, the central government there is issuing another shutdown due to the outbreak of the Covid virus. Lending is currently so slow in the country that the People’s Republic is cutting its bank rate -200 basis points (bps), as other countries around the world are busy hiking theirs. Here in the U.S., with another +75 bps hike possible just a couple weeks away, we’re currently seeing a 20-year high in the U.S. dollar — quite the opposite direction China’s yuan finds itself today.
Futures at this hour are mixed, with the Nasdaq +8 points — trying to break a seven-day losing streak, its longest since 2019 — and the Dow and S&P 500 -30 and -2 points, respectively. The 10-year bond is now trading at its highest level since June of 2016, back when Barack Obama was still president.
Later today, we’ll see the new unveiling of the Apple AAPL iPhone 14 at the company’s Far Out event. Analyst expect a couple tweaks to past models for the new version, as well as a pricier Pro phone, but not much in the way of major innovation. The Apple Watch Series 8 is likely also to come out with a larger screen. The smartphone industry has not been strong, aside from sales of the iPhone. That said, with inflation being rolled back across industries to curb inflation, can Apple really expect to stay aggressive in pricing their products? We’ll have to see.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
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Apple Inc. (AAPL): Free Stock Analysis Report
FedEx Corporation (FDX): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Later today, we’ll see the new unveiling of the Apple AAPL iPhone 14 at the company’s Far Out event. Apple Inc. (AAPL): Free Stock Analysis Report In fact, we won’t gain any real traction from scheduled news items until the new Consumer Price Index (CPI) comes out next week, and Q3 earnings season doesn’t begin until early reporters like FedEx FDX release their numbers September 22 — a day after the Fed decides the new interest rate.
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Apple Inc. (AAPL): Free Stock Analysis Report Later today, we’ll see the new unveiling of the Apple AAPL iPhone 14 at the company’s Far Out event. FedEx Corporation (FDX): Free Stock Analysis Report
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Apple Inc. (AAPL): Free Stock Analysis Report Later today, we’ll see the new unveiling of the Apple AAPL iPhone 14 at the company’s Far Out event. In fact, we won’t gain any real traction from scheduled news items until the new Consumer Price Index (CPI) comes out next week, and Q3 earnings season doesn’t begin until early reporters like FedEx FDX release their numbers September 22 — a day after the Fed decides the new interest rate.
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Later today, we’ll see the new unveiling of the Apple AAPL iPhone 14 at the company’s Far Out event. Apple Inc. (AAPL): Free Stock Analysis Report The trade balance (deficit) came down to a nine-month low for July: -$70.7 billion, from the -$80.9 billion for June.
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19465.0
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2022-09-07 00:00:00 UTC
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What Investors Should Expect from Today's Apple Product Launch
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AAPL
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https://www.nasdaq.com/articles/what-investors-should-expect-from-todays-apple-product-launch
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his article isn’t about what products, or changes to existing products, to expect. I leave that area of speculation to those who study such things exclusively. Rather, my area of interest lies in how the market will react to the event, and it is likely to follow a well-worn path that, despite being a repeat of what has happened for several years now, will probably still represent an opportunity for investors.
I have been a contributor here at Nasdaq.com for more than a decade now and there are some stocks that, as a result of that, I have been following closely for a long time. They include big, old tech companies like Microsoft (MSFT), for example, and Intel (INTC), tech darlings like Amazon (AMZN) and Alphabet (GOOG, GOOGL), and also some younger, sexier names like Tesla (TSLA). The biggest of them all, though, the one that almost everyone who comes to these pages seems to have an interest in, is Apple (AAPL).
One of the things I have said often during that time is that those that still look at Apple as a tech stock are getting it wrong. Their massive global market share and the stickiness of their customers’ brand loyalty put them closer to the consumer staples sector than tech. That is also true because they no longer offer truly innovative products or changes to existing products very often, if at all. Before you get worked up if you are an Apple fan, that isn’t a criticism, just an observation. In fact, on the basis of “if it ain’t broke, don’t fix it,” it is actually a good thing.
And yet despite that, the media, and even the market, still seems to want to get worked up about product launches from Apple. There will be one today in which the latest iteration of the iPhone will be revealed, and there will be a lot of people there, looking for a reason to get excited. The slightly better camera and slightly faster processor speeds that have become the norm at these events don’t really cut it anymore, so you can expect to read a lot of coverage over the next few days of what will presumably be seen as the most significant change made by Apple for the iPhone 14: its price.
Most of that coverage will consist of dire warnings that this time, they have gone too far. This time, the iPhone will prove to be too expensive. This time, consumers will rebel. Those opinions will be wrong this time as they have always been so far, but they will nonetheless appear, and will even influence markets.
On the above chart, the blue arrows indicate the last two iPhone product announcements, on November 13, 2020, and September 24, 2021. As you can see, on both occasions AAPL fell for several days after the launch, mainly because of that almost ubiquitous worry about the impact of a higher priced iPhone. That analysis, however, ignores two simple things.
First, for most iPhone users, switching brands is unthinkable. They have become completely dependent of the Apple ecosystem and won’t give up Face Time, Apple Maps, the Weather app, Apple Music, or whatever, even if there are viable alternatives available. Second, the actual selling price of an iPhone matters to very few people. Most buy their phones on installment plans with their wireless service provider, and while a $100 or $200 increase in the price of a phone may sound like a lot, adding a few bucks a month to your phone bill in order to upgrade to the latest and greatest iPhone doesn’t.
So, what investors can expect from today’s Apple product launch is exactly what they have been seeing for a few years. The iPhone 14 will be launched with a few tweaks and a new price. Given the inflation over the last year, that price increase from last year’s model will be significant, and that air of negativity will lead to some selling of AAPL.
Past experience, as well as plain common sense, however, indicates that this will simply be a buying opportunity. Once the phones hit the shelves and it once again becomes clear that iPhone demand has virtually no price elasticity, sales will be stronger than anticipated in the sure-to-be revised lower Wall Street estimates, and the stock will bounce back above where it all started, or at the very least, outperform the market. That is what has happened repeatedly over the last few years, and it is likely to play out again over the next few weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The biggest of them all, though, the one that almost everyone who comes to these pages seems to have an interest in, is Apple (AAPL). As you can see, on both occasions AAPL fell for several days after the launch, mainly because of that almost ubiquitous worry about the impact of a higher priced iPhone. Given the inflation over the last year, that price increase from last year’s model will be significant, and that air of negativity will lead to some selling of AAPL.
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Given the inflation over the last year, that price increase from last year’s model will be significant, and that air of negativity will lead to some selling of AAPL. The biggest of them all, though, the one that almost everyone who comes to these pages seems to have an interest in, is Apple (AAPL). As you can see, on both occasions AAPL fell for several days after the launch, mainly because of that almost ubiquitous worry about the impact of a higher priced iPhone.
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The biggest of them all, though, the one that almost everyone who comes to these pages seems to have an interest in, is Apple (AAPL). As you can see, on both occasions AAPL fell for several days after the launch, mainly because of that almost ubiquitous worry about the impact of a higher priced iPhone. Given the inflation over the last year, that price increase from last year’s model will be significant, and that air of negativity will lead to some selling of AAPL.
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The biggest of them all, though, the one that almost everyone who comes to these pages seems to have an interest in, is Apple (AAPL). As you can see, on both occasions AAPL fell for several days after the launch, mainly because of that almost ubiquitous worry about the impact of a higher priced iPhone. Given the inflation over the last year, that price increase from last year’s model will be significant, and that air of negativity will lead to some selling of AAPL.
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2022-09-07 00:00:00 UTC
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Apple's new iPhones, watches are coming at a tough time for consumers
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AAPL
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https://www.nasdaq.com/articles/apples-new-iphones-watches-are-coming-at-a-tough-time-for-consumers
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nan
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By Stephen Nellis
Sept 7 (Reuters) - Apple Inc AAPL.O on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom.
Analysts expect Apple to announce that the latest iPhones can send emergency messages using satellites at the event titled "Far Out" at its Cupertino, California, headquarters. Beyond that, analysts expect a family of iPhone 14 models with incremental upgrades - slightly better cameras, processor chips and, critically for Apple's bottom line, prices $100 or more higher than last year's models.
To be sure, the world's most valuable listed company will also likely keep some older or less advanced models at lower prices, and to date Apple's relatively affluent fan base has shown more willingness to keep spending despite high inflation. But the new models will be Apple's sales anchor during holiday shopping seasons in Western markets during a turbulent period. "Apple is not immune to economic weakness," Bernstein analyst Toni Sacconaghi wrote in note to clients.
This year's iPhones may have the ability to send emergency messages through a satellite internet connection when WiFi and mobile networks are not available. The messaging functions would likely be rudimentary, and other companies are working on similar functions. SpaceX founder Elon Musk said last month T-Mobile TMUS.O will use its satellites to connect phones directly to the internet.
Bob O'Donnell of TECHnalysis Research said that the peace of mind from being able to send emergency messages could spur Apple users to upgrade their phones for the satellite feature.
"Even though it's not something you do every day, it'll change your perspective on what you do with your phone," he said.
Analysts also expect Apple to show a new range of Apple Watches, including an upgraded budget model called the SE and a Series 8 Watch. They also expect a new high-end watch called the Apple Watch Pro that will likely include new features for athletes, taking aim at rivals such as Garmin Ltd GRMN.BN.
But while accessories like the Apple Watch have driven incremental sales from Apple's existing user base, the iPhone remains the bedrock of its business with 52.4% of sales in its most recent fiscal year. Investors have been watching for Apple's next major product category since the Apple Watch launched in 2015.
Some analysts believe Apple might give a preview of that future by showing a mixed-reality headset on Wednesday. The device is expected to have cameras that pass-through view of the outside world to the wearer while overlaying digital objects on the physical world. Analysts do not expect the device to go on sale until next year at the earliest.
An early preview would be rare for Apple, which keeps its product plans secret until just before devices hit the market. A rival headset called Project Cambria is in the works from Meta Platforms Inc META.O, which is spending billions of dollars on the project.
But in order to have compelling apps for a new headset, Apple might need to give developers time to become familiar with it. "Developing for a new and radically different type of platform is going to take people a lot longer," O'Donnell said.
FACTBOX-What is expected at Apple's 'Far Out' fall event?
(Reporting by Stephen Nellis in San Francisco; Editing by Peter Henderson and Lisa Shumaker)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom. Analysts expect Apple to announce that the latest iPhones can send emergency messages using satellites at the event titled "Far Out" at its Cupertino, California, headquarters. To be sure, the world's most valuable listed company will also likely keep some older or less advanced models at lower prices, and to date Apple's relatively affluent fan base has shown more willingness to keep spending despite high inflation.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom. Bob O'Donnell of TECHnalysis Research said that the peace of mind from being able to send emergency messages could spur Apple users to upgrade their phones for the satellite feature. Analysts also expect Apple to show a new range of Apple Watches, including an upgraded budget model called the SE and a Series 8 Watch.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom. Analysts also expect Apple to show a new range of Apple Watches, including an upgraded budget model called the SE and a Series 8 Watch. But while accessories like the Apple Watch have driven incremental sales from Apple's existing user base, the iPhone remains the bedrock of its business with 52.4% of sales in its most recent fiscal year.
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By Stephen Nellis Sept 7 (Reuters) - Apple Inc AAPL.O on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom. Analysts expect Apple to announce that the latest iPhones can send emergency messages using satellites at the event titled "Far Out" at its Cupertino, California, headquarters. Analysts also expect Apple to show a new range of Apple Watches, including an upgraded budget model called the SE and a Series 8 Watch.
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19467.0
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2022-09-07 00:00:00 UTC
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Netflix looks to control cloud computing costs with AWS - WSJ
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AAPL
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https://www.nasdaq.com/articles/netflix-looks-to-control-cloud-computing-costs-with-aws-wsj
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nan
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Sept 7 (Reuters) - Netflix Inc NFLX.O is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work.
The streaming giant is also hiring more junior staff, paring back its real-estate footprint and reducing the number of copies of data and content it stores around the world, the report said.
The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co DIS.N and Apple Inc AAPL.O, did not immediately respond to a request for comment.
Netflix is trying to grow its subscriber base to as many as 500 million customers globally in the next three years. It lost 970,000 subscribers from April through June and offered a forecast below Wall Street expectations for the current quarter.
In June, Netflix said that it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts to reign in cost. (https://reut.rs/3RrAthC)
According to the report, the California-based company is hiring more junior employees - from interns to recent college graduates - as part of an expanded "emerging talent" recruitment initiative.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)
((tiyashi.datta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co DIS.N and Apple Inc AAPL.O, did not immediately respond to a request for comment. Sept 7 (Reuters) - Netflix Inc NFLX.O is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work. The streaming giant is also hiring more junior staff, paring back its real-estate footprint and reducing the number of copies of data and content it stores around the world, the report said.
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The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co DIS.N and Apple Inc AAPL.O, did not immediately respond to a request for comment. Sept 7 (Reuters) - Netflix Inc NFLX.O is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work. (https://reut.rs/3RrAthC) According to the report, the California-based company is hiring more junior employees - from interns to recent college graduates - as part of an expanded "emerging talent" recruitment initiative.
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The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co DIS.N and Apple Inc AAPL.O, did not immediately respond to a request for comment. Sept 7 (Reuters) - Netflix Inc NFLX.O is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work. (https://reut.rs/3RrAthC) According to the report, the California-based company is hiring more junior employees - from interns to recent college graduates - as part of an expanded "emerging talent" recruitment initiative.
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The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co DIS.N and Apple Inc AAPL.O, did not immediately respond to a request for comment. Sept 7 (Reuters) - Netflix Inc NFLX.O is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work. The streaming giant is also hiring more junior staff, paring back its real-estate footprint and reducing the number of copies of data and content it stores around the world, the report said.
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19468.0
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2022-09-07 00:00:00 UTC
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Wall St steadies as growth stocks climb
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AAPL
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https://www.nasdaq.com/articles/wall-st-steadies-as-growth-stocks-climb
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nan
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nan
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By Sruthi Shankar and Ankika Biswas
Sept 7 (Reuters) - Wall Street's main indexes made cautious gains on Wednesday, with growth stocks in the lead as bond yields eased after a recent rally.
The technology-heavy Nasdaq .IXIC led gains among the main indexes after a seven-session losing streak that was its first since November 2016.
The equities selloff, sparked in August by hawkish comments from Fed Chair Jerome Powell, has continued in recent days amid signs of an economic slowdown in Europe and China as well as actions by major central banks determined to stamp out inflation.
However, data this month highlighted strength in U.S. economy, prompting traders to place bets on a 75 basis point interest rate hike by the Fed later in September. Fed fund futures implied investors were pricing in over an 80% chance of such a move. FEDWATCH
The 10-year Treasury yield US10YT=RR slipped after hitting fresh June highs earlier in the session, boosting shares of rate-sensitive stocks such as Tesla Inc TSLA.O and Microsoft Corp MSFT.O. US/
"I would expect markets to be very volatile ... it's going to be a matter of what we hear from various central bankers this week and some of the incoming economic data," said Shawn Cruz, head of trading strategist at TD Ameritrade in Chicago, Illinois.
"Unless we get a sense that things are going to get dramatically worse on the economic front, you should probably expect 3,900 to be a little bit of a floor for the S&P 500."
The S&P 500 has shed over 9% from its August peak and is trading less than 7% away from its mid-June trough when it made the year's low.
Powell's speech on Thursday as well U.S. consumer price data next week will be parsed for clues on the path of monetary policy.
At 10:12 a.m. ET, the Dow Jones Industrial Average .DJI was up 52.98 points, or 0.17%, at 31,198.28, the S&P 500 .SPX was up 8.02 points, or 0.21%, at 3,916.21, and the Nasdaq Composite .IXIC was up 39.18 points, or 0.34%, at 11,584.09.
Nine of the 11 major S&P sectors were trading higher. The energy index .SPNY fell 2.2% as oil prices tumbled almost 4% on demand worries related to looming recession risks. Brent crude LCOc1 fell below $90 a barrel. O/R
Apple Inc AAPL.O edged up 0.1% ahead of the unveiling of its new range of iPhone models and Apple Watches.
Nio Inc NIO.N fell 1.7% after the Chinese electric vehicle maker reported a bigger second-quarter adjusted net loss, compared with a year earlier.
Coupa Software Inc COUP.O jumped 11.8% after the payment management software firm beat second-quarter estimates for revenue and profit.
Meanwhile, Walmart Inc WMT.N, Target Corp TGT.N and McDonald's Corp MCD.N were among retailers that announced bond offerings in a busy post-Labor Day session.
Advancing issues outnumbered decliners by a 1.21-to-1 ratio on the NYSE and 1.41-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and 15 new lows, while the Nasdaq recorded six new highs and 137 new lows.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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O/R Apple Inc AAPL.O edged up 0.1% ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Wall Street's main indexes made cautious gains on Wednesday, with growth stocks in the lead as bond yields eased after a recent rally. The equities selloff, sparked in August by hawkish comments from Fed Chair Jerome Powell, has continued in recent days amid signs of an economic slowdown in Europe and China as well as actions by major central banks determined to stamp out inflation.
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O/R Apple Inc AAPL.O edged up 0.1% ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Wall Street's main indexes made cautious gains on Wednesday, with growth stocks in the lead as bond yields eased after a recent rally. The S&P index recorded two new 52-week highs and 15 new lows, while the Nasdaq recorded six new highs and 137 new lows.
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O/R Apple Inc AAPL.O edged up 0.1% ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Wall Street's main indexes made cautious gains on Wednesday, with growth stocks in the lead as bond yields eased after a recent rally. The equities selloff, sparked in August by hawkish comments from Fed Chair Jerome Powell, has continued in recent days amid signs of an economic slowdown in Europe and China as well as actions by major central banks determined to stamp out inflation.
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O/R Apple Inc AAPL.O edged up 0.1% ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Wall Street's main indexes made cautious gains on Wednesday, with growth stocks in the lead as bond yields eased after a recent rally. FEDWATCH The 10-year Treasury yield US10YT=RR slipped after hitting fresh June highs earlier in the session, boosting shares of rate-sensitive stocks such as Tesla Inc TSLA.O and Microsoft Corp MSFT.O.
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19469.0
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2022-09-07 00:00:00 UTC
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3 Money-Making Sectors House the Best Stocks to Buy Now
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AAPL
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https://www.nasdaq.com/articles/3-money-making-sectors-house-the-best-stocks-to-buy-now
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Source: NicoElNino / Shutterstock.com
Yes, it’s been a horrendous year for stocks. But some investors are making money hand-over-fist in 2022.
The S&P 500 is down about 15% this year. And thanks to large-cap resilience in names like Apple (AAPL) and Microsoft (MSFT), even that big drop masks the underlying pain. Throw those out, and more than 1,400 stocks have declined at least 50%.
It’s been a rough year for investors.
Yet, even now, some investors are making a lot of money.
No. I’m not talking about investors betting against the market. Forget short-selling. I don’t like betting against American innovation.
Rather, I’m talking about investors taking advantage of Stage-2 breakout stocks.
What Are Stage-2 Breakout Stocks?
You see, there’s always a bull market somewhere. You just have to find it. And the best way to do that? “Stage analysis.”
I’ve discussed this in-depth over the past several days, so I’ll keep my synopsis here brief.
In short, at any given point in time, every stock is either going up, down, or sideways. To that end, a stock is always in one of four unique stages:
Going sideways at a bottom
Going up
Going sideways at a top
Going down.
Using stage analysis, we can figure out which of these four stages a stock is in at any given point in time.
Obviously, the key to scoring consistently big returns is to find stocks on the cusp of entering Stage 2. Those are the ones that are about to break out. And they’re the best stocks to buy now — ahead of their enormous rallies.
We’ve developed a quantitative system to do just that.
It scans the entire U.S. stock market every single week, checks each stock against a set of parameters consistent with a Stage-2 breakout, and returns those that are breaking out every week.
Then, we go through those results with a fine comb and pick out the best of the best.
Yesterday, those stocks did their job. That is, they’re supposed to go up regardless of what the market is doing. Well, yesterday, the market tanked. But one of our breakout stocks was up as much as 10%. Another popped as much as 5%. And yet another shot up as much as 9%.
Our breakout stocks are… well… breaking out, even in a bad market!
And later today, we’re going to introduce a brand-new breakout stock pick to our portfolio.
Natural Gas Is Still on Fire
As noted, we run our stage analysis on the entire U.S. stock market each week to find the best breakouts.
Normally, we run our scans on Monday. But because of the shortened holiday week, we decided to run our scan for this week last night.
It produced some really interesting results. Specifically, we noticed three sectors that are catching fire right now.
The first is the natural gas sector. A handful of the stocks our system flagged as being in “breakout mode” were natural gas stocks.
This makes sense. The Russia-Ukraine war has resulted in a global oil supply shortage. And that shortage has been exacerbated by lacking capacity to refine that oil into usable end products. As a result, natural gas is in very short supply as we head into fall and winter. And that is causing natural gas prices to soar.
Now, if you look at the First Trust Natural Gas ETF (FCG) – is a collection of natural gas stocks – it’s no wonder our system flagged so many natural gas stocks this week.
The whole sector has been in a technical Stage-2 breakout since late 2020. And momentum has not slowed at all in 2022. Indeed, this ETF is currently trading at the midpoint of its uptrend channel. And our technical analysis suggests natural gas stocks could rally another 40% into the end of the year.
Could our newest Breakout Trader pick be from the natural gas sector? Maybe… you’ll have to wait until this afternoon to find out.
Best Stocks to Buy Now: Biotech Is Catching a Bid
Another sector our system has been flagging a lot recently is biotech.
Over the past few weeks, our scan has triggered bullish signals on quite a few biotech stocks every single week.
Why? Likely because the market is shifting from “inflation” fears to “recession” fears. This shift benefits biotech stocks. Lower inflation fears mean lower interest rate forecasts, which means higher valuations for long-duration assets like biotech stocks. Simultaneously, higher recession fears mean higher investor desire for recession-resilient stocks, which means higher demand for biotech stocks. That’s because their drug development pipelines are often recession-resilient. (People need drugs in good and bad economies –maybe even more in bad economies).
Looking at the technical picture for biotech stocks, the breakout is very clear. The SPDR S&P Biotech ETF (XBI) bottomed in June and has soared ever since. Yes, it’s undergone a minor pullback recently. But that pullback is minute relative to the rally, and the ETF remains well within its newly formed uptrend channel.
If this new uptrend persists, biotech stocks could soar another 55% into the end of the year!
We already own some biotech stocks in our Breakout Trader portfolio, and they’re amid some huge breakouts. But could our latest pick also be a biotech stock? Maybe…
Uranium Is Resurging
The last sector that pinged on our radar this past week is the uranium industry. And according to our system, that’s because quite a few uranium stocks are breaking out right now.
The fundamental story here is pretty simple.
The world is shifting toward clean energy. Nuclear power is a very effective form of clean energy. But it has been shunned for years because of safety issues. However, those problems have largely been resolved. And now that the world is the midst of an energy crisis, there’s been a resurgence of interest in nuclear projects.
Case in point: Germany has long tried to steer away from nuclear energy. But when push came to shove this year, the country decided to keep two of its three nuclear reactors online to cushion the blow of a deepening energy crisis.
Another example: Japan was home to the last big nuclear disaster in Fukushima. Since then, the country has shunned nuclear energy. Just two weeks ago, though, Japan announced it will restart idled nuclear plants and look into developing next-generation reactors.
Indeed, the nuclear energy resurgence has arrived. And the sector holds some of the best stocks to buy now.
Price action confirms this. Looking at the Global X Uranium ETF (URA), we see a clear Stage-2 breakout forming. If the uptrend persists, we’re looking at a 20%-plus rally into December.
Could our big new buy to be unveiled this afternoon be a uranium stock? That’s certainly a possibility…
The Final Word on the Best Stocks to Buy Now
The biggest mistake investors make is holding themselves hostage to the market.
There’s a misconception out there that if the stock market is going down, you can’t make money in it.
That couldn’t be further from the truth.
The stock market is a “market of stocks” more than it is a single “stock market.” Just because the market is going down doesn’t mean every stock is, too. In fact, to my knowledge, there has never been a day in Wall Street’s history where every stock went down. Every day, regardless of how much the market drops, there is always a group of stocks that’s rising.
The key to making money when the market is down, then, is to find those stocks.
Free yourself from the chains of a bear market. Stop thinking that you can’t make money this year. And go find the hidden bull markets raging on behind the scenes. That’s where you’ll find the best stocks to buy now.
The best way to do that?
Plug into the quantitative Breakout Trader system that algorithmically finds those hidden bull markets for you.
Make money hand-over-fist, even while the broader markets struggle.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post 3 Money-Making Sectors House the Best Stocks to Buy Now appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And thanks to large-cap resilience in names like Apple (AAPL) and Microsoft (MSFT), even that big drop masks the underlying pain. Natural Gas Is Still on Fire As noted, we run our stage analysis on the entire U.S. stock market each week to find the best breakouts. But when push came to shove this year, the country decided to keep two of its three nuclear reactors online to cushion the blow of a deepening energy crisis.
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And thanks to large-cap resilience in names like Apple (AAPL) and Microsoft (MSFT), even that big drop masks the underlying pain. Lower inflation fears mean lower interest rate forecasts, which means higher valuations for long-duration assets like biotech stocks. Simultaneously, higher recession fears mean higher investor desire for recession-resilient stocks, which means higher demand for biotech stocks.
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And thanks to large-cap resilience in names like Apple (AAPL) and Microsoft (MSFT), even that big drop masks the underlying pain. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: NicoElNino / Shutterstock.com Yes, it’s been a horrendous year for stocks. Now, if you look at the First Trust Natural Gas ETF (FCG) – is a collection of natural gas stocks – it’s no wonder our system flagged so many natural gas stocks this week.
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And thanks to large-cap resilience in names like Apple (AAPL) and Microsoft (MSFT), even that big drop masks the underlying pain. Best Stocks to Buy Now: Biotech Is Catching a Bid Another sector our system has been flagging a lot recently is biotech. If this new uptrend persists, biotech stocks could soar another 55% into the end of the year!
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19470.0
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2022-09-07 00:00:00 UTC
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Warren Buffett Has 74% of Berkshire Hathaway's Portfolio in Just 5 Stocks. Should You?
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AAPL
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https://www.nasdaq.com/articles/warren-buffett-has-74-of-berkshire-hathaways-portfolio-in-just-5-stocks.-should-you
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nan
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Warren Buffett knows how to invest. As chairman and CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), he has generated billions in investment gains for himself and Berkshire shareholders.
Interestingly, a quick review of the Berkshire Hathaway stock portfolio shows a striking lack of diversification. Some 75% of the conglomerate's stock holdings are concentrated in five domestic companies that operate in four economic sectors: Apple, Bank of America, Coca-Cola, Chevron, and American Express.
Given Buffett's track record of savvy investment decisions, you have to wonder why he doesn't spread out his risk more. If Buffett can do well without diversification, can you too?
Buffett on diversification
Buffett has described diversification as "protection against ignorance." And he's not wrong. Diversification is a risk-management strategy. You give yourself exposure to different stocks -- or sectors, asset classes, and geographies -- to ensure that no single one of them can bankrupt you.
There is a trade-off, however. The point of diversification is to offset losses, but you'll also offset some gains in the process.
Buffett isn't one to compromise on gains, probably because he doesn't have to. He has a few factors working in his favor. Sadly, his advantages don't apply to most investors:
Buffett has 80 years of investing experience and an unusual knack for picking good businesses. His nickname, "Oracle of Omaha," says it all.
Berkshire Hathaway has a conservative balance sheet, with $30 billion in cash and cash equivalents, plus another $75 billion in Treasury bills.
Outside of its stock portfolio, Berkshire Hathaway is a majority owner in more than 60 companies.
Why you should diversify
If you had Buffett's skill and funding, you might do alright with concentrated positions in just a few stocks. But it's very likely you don't have Buffett's expertise -- or billions in cash to back you up. In that case, diversification is a must. If you can't absorb catastrophic losses, take steps to prevent them.
You diversify across individual stocks to lessen the risk of each. You invest across multiple industries so that no input shortage or regulation change can sap your portfolio's value. You can also put your money into different economies for protection against a downturn here at home. And you can diversify into other asset classes -- say, cash and bonds -- for insulation against stock market crashes.
How to diversify
As a guideline, look to hold at least 20 individual stocks across different industries plus a percentage of cash or cash equivalents.
Or, for an easier alternative, invest in two or more index exchange-traded funds (ETFs), which help you diversify with less work. This strategy can be as simple or as complicated as you want it to be. A good starting point is a low-fee S&P 500 fund plus a short-term U.S. Treasury ETF. To that, you could add on funds for exposure to U.S. small caps, international developed countries, emerging markets, real estate investment trusts (REITs), alternative assets, and more.
Earn more money another day
Diversification smooths out your investment results and protects against the biggest of losses. Unless your nickname is "Oracle" or something similar, that protection is critical because you won't always make the right choice. When that happens, diversification keeps you in the game to earn more money another day.
10 stocks we like better than Berkshire Hathaway (A shares)
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Catherine Brock has positions in Coca-Cola. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some 75% of the conglomerate's stock holdings are concentrated in five domestic companies that operate in four economic sectors: Apple, Bank of America, Coca-Cola, Chevron, and American Express. Sadly, his advantages don't apply to most investors: Buffett has 80 years of investing experience and an unusual knack for picking good businesses. To that, you could add on funds for exposure to U.S. small caps, international developed countries, emerging markets, real estate investment trusts (REITs), alternative assets, and more.
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As chairman and CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), he has generated billions in investment gains for himself and Berkshire shareholders. American Express is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Buffett on diversification Buffett has described diversification as "protection against ignorance." 10 stocks we like better than Berkshire Hathaway (A shares) When our award-winning analyst team has a stock tip, it can pay to listen. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple.
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Buffett on diversification Buffett has described diversification as "protection against ignorance." Buffett isn't one to compromise on gains, probably because he doesn't have to. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway (B shares).
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19471.0
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2022-09-07 00:00:00 UTC
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Apple vs Microsoft: Which Stock Is the Better Long-Term Investment?
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https://www.nasdaq.com/articles/apple-vs-microsoft%3A-which-stock-is-the-better-long-term-investment
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Tech stocks suffered a rough 2022 after seeing strong gains last year. But some tech companies are good investments whether the stock market is in bear or bull territory. Among these are Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). They were once rivals during the rise of personal computers, but now are following different avenues to success.
The price appreciation of these stocks, even with this-year's downturn, illustrates why Apple and Microsoft are excellent investments. While both hit 52-week lows this year during 2022's tech sell-off, their stocks remain well above prices before the coronavirus pandemic struck in 2020.
Data by YCharts.
In an ideal world, investors can own shares of both companies. But if you had to choose between these two tech heavyweights, a look at each reveals that one emerges as the better long-term investment.
Why Apple is an appealing investment
One reason to invest in Apple is its impressive sales growth. Revenue rose an astounding 33% year over year in the company's fiscal 2021 and 6% in 2020, despite the onset of the pandemic forcing store closures amid widespread lockdowns.
This trend is continuing in 2022. In Apple's fiscal third quarter ended June 25, revenue reached $83 billion, a record for Q3 sales. Through nine months of its fiscal 2022, Apple hit net sales of $304.2 billion, compared to $282.5 billion last year, despite challenging macroeconomic headwinds such as inflation and supply chain constraints.
Apple's revenue growth is due to several reasons, with its hallmark hardware products leading the way. The popularity of Apple products reached record levels in Q3 as the company hit an all-time high in the number of adopted devices.
Among Apple's hardware products, the iPhone stands out. iPhone sales accounted for nearly half of Apple's Q3 revenue. But the company is also growing income from its digital offerings, such as its Apple-TV streaming service. These non-hardware products, grouped under the company's services segment, reached record Q3 revenue of $19.6 billion, up from last year's $17.5 billion.
Thanks in part to the company's streak of stock buybacks, Apple appeals to investors such as Warren Buffett, whose Berkshire Hathaway owns nearly 895 million shares of Apple stock. Apple has repurchased shares of its stock for years, including 143 million shares in Q3, up from Q2's 137 million shares repurchased.
The case for Microsoft
Like Apple, Microsoft is riding a wave of success, despite the pandemic and macroeconomic headwinds such as a strong U.S. dollar. The company wrapped up fiscal year 2022, ended June 30, with $198.3 billion in revenue, up 18% over 2021. In fact, Microsoft's year-over-year revenue growth rate has risen in recent years.
FISCAL YEAR REVENUE YOY GROWTH
2022 $198.3 billion 18%
2021 $168.1 billion 18%
2020 $143.0 billion 14%
2019 $125.8 billion 14%
Data source: Microsoft. YOY = year-over-year.
Microsoft's revenue growth is due to its shift to cloud computing under Satya Nadella, who became CEO in 2014. The company's Microsoft Cloud revenue increased 32% year over year in fiscal 2022.
Microsoft offers an array of cloud-related solutions, from data storage to cloud-based software applications, and has successfully transitioned its ubiquitous Office products to a software-as-a-service (SaaS) subscription model that generates a recurring revenue stream. In fiscal 2022, Office SaaS subscriptions grew 14% among its commercial customers and 15% with consumers.
Microsoft also boasts a strong balance sheet. The company exited its fiscal fourth quarter, ended June 30, with $364.8 billion in total assets, compared to $198.3 billion in total liabilities. Its Q4 cash and equivalents plus short-term investments were an impressive $104.8 billion.
Is Apple or Microsoft the better choice?
While Apple and Microsoft possess many appealing elements, downsides exist. A new tax on stock buybacks could affect both companies' approaches to repurchasing shares.
Apple's reliance on iPhone sales can become a weakness. If the new iPhone 14 fails to maintain the iPhone's popularity with consumers, Apple's revenue will suffer. That's what happened in 2019. When iPhone sales softened that year, total revenue dropped 2% year over year despite sales increases in every other Apple product and service.
Similarly, Microsoft's dominance in the PC market, where its market share is a little over 76%, has become a weak point. As consumers spend more time on mobile devices, the importance of PCs has waned. Microsoft blamed a deteriorating PC market, combined with pandemic-induced production shutdowns in China, for Q4's 2% year-over-year decline in its Windows licensing revenue from PC manufacturers.
But unlike Apple's reliance on the iPhone, Microsoft is a more diversified business. The company's offerings include its expanding Xbox gaming division, which is in the process of acquiring Activision Blizzard, and digital advertising. The latter segment saw a 27% increase in fiscal 2022 revenue and recently acquired Netflix as a customer.
Moreover, Microsoft will benefit from cloud computing industry growth, which is forecast to expand from $706.6 billion last year to $1.3 trillion by 2025. And Microsoft's cloud business isn't a single product line like Apple's iPhone. Cloud computing consists of disparate areas essential to business clients, such as cybersecurity.
As a result, switching costs are high, helping Microsoft retain customers. These factors give Microsoft the edge as the better long-term investment.
10 stocks we like better than Apple
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of August 17, 2022
Robert Izquierdo has positions in Activision Blizzard, Apple, and Microsoft. The Motley Fool has positions in and recommends Activision Blizzard, Apple, Berkshire Hathaway (B shares), and Microsoft. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among these are Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). The popularity of Apple products reached record levels in Q3 as the company hit an all-time high in the number of adopted devices. Microsoft offers an array of cloud-related solutions, from data storage to cloud-based software applications, and has successfully transitioned its ubiquitous Office products to a software-as-a-service (SaaS) subscription model that generates a recurring revenue stream.
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Among these are Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). In Apple's fiscal third quarter ended June 25, revenue reached $83 billion, a record for Q3 sales. The Motley Fool has positions in and recommends Activision Blizzard, Apple, Berkshire Hathaway (B shares), and Microsoft.
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Among these are Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). Thanks in part to the company's streak of stock buybacks, Apple appeals to investors such as Warren Buffett, whose Berkshire Hathaway owns nearly 895 million shares of Apple stock. When iPhone sales softened that year, total revenue dropped 2% year over year despite sales increases in every other Apple product and service.
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Among these are Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). Why Apple is an appealing investment One reason to invest in Apple is its impressive sales growth. Thanks in part to the company's streak of stock buybacks, Apple appeals to investors such as Warren Buffett, whose Berkshire Hathaway owns nearly 895 million shares of Apple stock.
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19472.0
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2022-09-07 00:00:00 UTC
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US STOCKS-Futures edge higher as investors assess Fed path
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-edge-higher-as-investors-assess-fed-path
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures: Dow 0.10%, S&P 0.12%, Nasdaq 0.14%
Sept 7 (Reuters) - U.S. stock index futures edged higher on Wednesday after two sessions of losses as investors assessed the outlook for interest rates amid signs of resilience in the U.S. economy.
The technology-heavy Nasdaq index .IXIC on Tuesday marked its longest losing streak since November 2016, while the benchmark S&P 500 .SPX and the blue-chip Dow .DJI closed at a seven-week low on worries over the prospect of tighter U.S. monetary policy to suppress inflation.
The equities selloff has gained momentum in September after hawkish comments from Federal Reserve Chair Jerome Powell and signs of an economic slowdown in Europe and China.
Powell's speech on Thursday as well U.S. consumer price data next week will be parsed for clues on the path of monetary policy.
Recent data has highlighted momentum in U.S. factory and services activity as well as the labor market, prompting traders to place nearly 75% bets on a 75 basis point interest rate hike by the Fed later in September. FEDWATCH
Apple Inc AAPL.O edged 0.3% higher in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches.
Nio Inc NIO.N fell 4.2% after the Chinese electric vehicle maker reported wider second-quarter adjusted net loss compared with a year earlier.
Coupa Software Inc COUP.O jumped 11.6% after the payment management software firm following beat second-quarter estimates for revenue and profit.
United Airlines Holdings UAL.O inched up 1% after the carrier said it was expecting a small improvement in current-quarter costs and capacity.
At 07:06 a.m. ET, Dow e-minis 1YMcv1 were up 32 points, or 0.1%, S&P 500 e-minis EScv1 were up 4.75 points, or 0.12%, and Nasdaq 100 e-minis NQcv1 were up 16.75 points, or 0.14%.
Meanwhile, Walmart Inc WMT.N, Target Corp TGT.N and McDonald's Corp MCD.N were among retailers that announced bond offerings in a busy post-Labor Day session.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Anil D'Silva)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FEDWATCH Apple Inc AAPL.O edged 0.3% higher in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. The technology-heavy Nasdaq index .IXIC on Tuesday marked its longest losing streak since November 2016, while the benchmark S&P 500 .SPX and the blue-chip Dow .DJI closed at a seven-week low on worries over the prospect of tighter U.S. monetary policy to suppress inflation. The equities selloff has gained momentum in September after hawkish comments from Federal Reserve Chair Jerome Powell and signs of an economic slowdown in Europe and China.
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FEDWATCH Apple Inc AAPL.O edged 0.3% higher in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. Futures: Dow 0.10%, S&P 0.12%, Nasdaq 0.14% Sept 7 (Reuters) - U.S. stock index futures edged higher on Wednesday after two sessions of losses as investors assessed the outlook for interest rates amid signs of resilience in the U.S. economy. Recent data has highlighted momentum in U.S. factory and services activity as well as the labor market, prompting traders to place nearly 75% bets on a 75 basis point interest rate hike by the Fed later in September.
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FEDWATCH Apple Inc AAPL.O edged 0.3% higher in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. Futures: Dow 0.10%, S&P 0.12%, Nasdaq 0.14% Sept 7 (Reuters) - U.S. stock index futures edged higher on Wednesday after two sessions of losses as investors assessed the outlook for interest rates amid signs of resilience in the U.S. economy. Recent data has highlighted momentum in U.S. factory and services activity as well as the labor market, prompting traders to place nearly 75% bets on a 75 basis point interest rate hike by the Fed later in September.
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FEDWATCH Apple Inc AAPL.O edged 0.3% higher in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: Dow 0.10%, S&P 0.12%, Nasdaq 0.14% Sept 7 (Reuters) - U.S. stock index futures edged higher on Wednesday after two sessions of losses as investors assessed the outlook for interest rates amid signs of resilience in the U.S. economy.
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19473.0
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2022-09-07 00:00:00 UTC
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Taiwan exports up in Aug; war in Ukraine, inflation cloud outlook
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AAPL
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https://www.nasdaq.com/articles/taiwan-exports-up-in-aug-war-in-ukraine-inflation-cloud-outlook
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Taiwan August exports +2% y/y vs +9.5% Reuters poll
Exports to China -9.9% y/y (previous month +3.0%)
Finance ministry expects Sept exports -3% to +1% y/y
Outlook clouded by global inflation, war in Ukraine
Adds analyst comment
TAIPEI, Sept 7 (Reuters) - Taiwan's exports eked out growth in August helped by demand for technology products, though shipments to China dropped on economic woes there and the government said the outlook was clouded by inflation, war in Ukraine and Sino-U.S. tensions.
Exports rose 2% in August from a year earlier to $40.34 billion, the Ministry of Finance said on Wednesday, a historic high for the month and up for the 26th consecutive month.
That was, however, much slower than the 14.2% rise recorded in July, and below a forecast for a 9.5% increase in a Reuters poll.
The ministry said technology demand fuelled the growth, but added that consumer spending was gradually slowing due to global inflation pressure and monetary policy tightening, citing "more conservative purchasing intentions by manufacturers".
MasterLink Securities Investment Advisory analyst Anita Hsu said signs of the deterioration of Taiwan's economy were getting clearer and clearer.
"I am afraid that the rest of this year will get worse and worse," she added.
Exports to China, Taiwan's largest trading partner, fell an annual 9.9% to $15.12 billion in August, after a 3% expansion in July, in a demonstration of the economic problems there.
China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves locally disrupted output.
Overall, Taiwan's exports of electronics components in August rose 12% to $17.05 billion, with semiconductor exports jumping 14.3% from a year earlier.
UNCERTAINTIES AHEAD
Many companies expect global chip shortages to last at least for the rest of the year, which will continue to bolster Taiwanese semiconductor firms' order books even as demand for some consumer electronics weakens.
Taiwanese chipmaker United Microelectronics Corp (UMC) 2303.TW on Tuesday reported a 34.9% on-year surge in August sales.
Firms such as TSMC 2330.TWTSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips for auto companies and lower-end consumer goods.
Fitch Ratings said on Wednesday that while external demand for Taiwan's high-tech exports was likely to fall, it should also "stay robust".
The finance ministry warned of uncertainties ahead because of high global inflation, Russia's invasion of Ukraine and the "China-U.S. technology war", even as it expected sustained chip demand.
Ministry official Beatrice Tsai said trade during the busy season, traditionally the months leading up to Christmas, would probably not be as strong as previous years.
August exports to the United States were up 2.3%, much slower than the 24.8% jump recorded the previous month.
Taiwan's August imports rose 3.5% to $37.35 billion, also a record high for the month but worse than economists' expectations of a 7.1% increase, after a jump of 19.4% in June.
Taiwan could see September exports in a range of a 3% contraction to a 1% expansion from a year earlier, the finance ministry said.
(Reporting by Emily Chan and Ben Blanchard; Editing by Ana Nicolaci da Costa and Andrew Heavens)
((ben.blanchard@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Firms such as TSMC 2330.TWTSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips for auto companies and lower-end consumer goods. The ministry said technology demand fuelled the growth, but added that consumer spending was gradually slowing due to global inflation pressure and monetary policy tightening, citing "more conservative purchasing intentions by manufacturers". China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves locally disrupted output.
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Firms such as TSMC 2330.TWTSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips for auto companies and lower-end consumer goods. Taiwan August exports +2% y/y vs +9.5% Reuters poll Exports to China -9.9% y/y (previous month +3.0%) Finance ministry expects Sept exports -3% to +1% y/y Outlook clouded by global inflation, war in Ukraine Adds analyst comment TAIPEI, Sept 7 (Reuters) - Taiwan's exports eked out growth in August helped by demand for technology products, though shipments to China dropped on economic woes there and the government said the outlook was clouded by inflation, war in Ukraine and Sino-U.S. tensions. Overall, Taiwan's exports of electronics components in August rose 12% to $17.05 billion, with semiconductor exports jumping 14.3% from a year earlier.
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Firms such as TSMC 2330.TWTSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips for auto companies and lower-end consumer goods. Taiwan August exports +2% y/y vs +9.5% Reuters poll Exports to China -9.9% y/y (previous month +3.0%) Finance ministry expects Sept exports -3% to +1% y/y Outlook clouded by global inflation, war in Ukraine Adds analyst comment TAIPEI, Sept 7 (Reuters) - Taiwan's exports eked out growth in August helped by demand for technology products, though shipments to China dropped on economic woes there and the government said the outlook was clouded by inflation, war in Ukraine and Sino-U.S. tensions. Exports rose 2% in August from a year earlier to $40.34 billion, the Ministry of Finance said on Wednesday, a historic high for the month and up for the 26th consecutive month.
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Firms such as TSMC 2330.TWTSM.N, the world's largest contract chipmaker, are major suppliers to Apple Inc AAPL.O and other global tech giants, as well as providers of chips for auto companies and lower-end consumer goods. Taiwan August exports +2% y/y vs +9.5% Reuters poll Exports to China -9.9% y/y (previous month +3.0%) Finance ministry expects Sept exports -3% to +1% y/y Outlook clouded by global inflation, war in Ukraine Adds analyst comment TAIPEI, Sept 7 (Reuters) - Taiwan's exports eked out growth in August helped by demand for technology products, though shipments to China dropped on economic woes there and the government said the outlook was clouded by inflation, war in Ukraine and Sino-U.S. tensions. Exports rose 2% in August from a year earlier to $40.34 billion, the Ministry of Finance said on Wednesday, a historic high for the month and up for the 26th consecutive month.
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19474.0
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2022-09-07 00:00:00 UTC
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Pre-Market Most Active for Sep 7, 2022 : TQQQ, SQQQ, NIO, CSX, PATH, AVYA, QQQ, GM, BBBY, AAPL, CCL, XPEV
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AAPL
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https://www.nasdaq.com/articles/pre-market-most-active-for-sep-7-2022-%3A-tqqq-sqqq-nio-csx-path-avya-qqq-gm-bbby-aapl-ccl
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The NASDAQ 100 Pre-Market Indicator is down -4.4 to 12,006.91. The total Pre-Market volume is currently 30,704,675 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro QQQ (TQQQ) is -0.23 at $25.84, with 3,192,580 shares traded. This represents a 21.2% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is +0.45 at $48.74, with 2,691,557 shares traded. This represents a 73.14% increase from its 52 Week Low.
NIO Inc. (NIO) is -0.89 at $16.22, with 2,107,452 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
CSX Corporation (CSX) is unchanged at $31.49, with 1,451,187 shares traded. As reported by Zacks, the current mean recommendation for CSX is in the "buy range".
UiPath, Inc. (PATH) is -2.9936 at $12.60, with 1,246,582 shares traded. As reported by Zacks, the current mean recommendation for PATH is in the "buy range".
Avaya Holdings Corp. (AVYA) is +0.22 at $2.34, with 1,111,266 shares traded. AVYA's current last sale is 93.6% of the target price of $2.5.
Invesco QQQ Trust, Series 1 (QQQ) is -0.85 at $292.20, with 887,549 shares traded. This represents a 8.51% increase from its 52 Week Low.
General Motors Company (GM) is +0.4088 at $39.12, with 702,030 shares traded. As reported by Zacks, the current mean recommendation for GM is in the "buy range".
Bed Bath & Beyond Inc. (BBBY) is -0.21 at $6.83, with 697,815 shares traded. BBBY's current last sale is 195.14% of the target price of $3.5.
Apple Inc. (AAPL) is -0.06 at $154.47, with 508,343 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Carnival Corporation (CCL) is -0.07 at $9.37, with 288,621 shares traded. CCL's current last sale is 69.41% of the target price of $13.5.
XPeng Inc. (XPEV) is -0.34 at $15.56, with 288,517 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -0.06 at $154.47, with 508,343 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". ProShares UltraPro Short QQQ (SQQQ) is +0.45 at $48.74, with 2,691,557 shares traded.
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Apple Inc. (AAPL) is -0.06 at $154.47, with 508,343 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
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Apple Inc. (AAPL) is -0.06 at $154.47, with 508,343 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The total Pre-Market volume is currently 30,704,675 shares traded.
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Apple Inc. (AAPL) is -0.06 at $154.47, with 508,343 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 -4.4 to 12,006.91.
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19475.0
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2022-09-07 00:00:00 UTC
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The Zacks Analyst Blog Highlights NVIDIA, Microsoft, Apple and Alphabet
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AAPL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-nvidia-microsoft-apple-and-alphabet
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nan
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For Immediate Release
Chicago, IL – September 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: NVIDIA NVDA, Microsoft MSFT, Apple AAPL and Alphabet GOOGL.
Here are highlights from Tuesday’s Analyst Blog:
2022's a Bad Year for Big Tech: Should You Hang On?
Technology stocks have been badly hurt by the cooling economy. Initially it was just because of their growth premium that investors dumped them for safer bets. But as we moved through the months, it was apparent that there are bigger concerns than that.
Most of the companies are seeing difficult comps this year, as pandemic-driven investment in technology is cooling down, which was expected, more or less. There is particular weakness in PCs, which had benefited greatly from the stay-home period. Companies that benefited from the surge in PC sales or the at-home economy of the last couple of years, such as NVIDIA could therefore be particularly hard-hit.
And while the supply chain issues affected most companies – not just tech – tech too was affected by them. Based on earnings reports from the last quarter, supply chain issues remain in certain segments. Microsoft is a big tech stock that saw some supply chain impact in the data center.
Inflation is another problem for both consumers and companies. The Fed's control measures, aimed at slowing down the economy, also impact corporate spending, including on technology. For a company like Apple, which sells high-end products, inflation could be a deterrent. Its recent focus on services along with the expansion of its installed base are positives in this respect.
Still, the impact on PCs is likely to be greater than on other technology (like software, which could increase efficiencies for companies). And not all companies are equally impacted by the other concerns mentioned above -- only to the extent that they are exposed to the particular concern.
All of them also don't have the same operating model. Alphabet, for instance, depends on advertisers for the bulk of its revenue. With the economy expected to slow down more substantially next year, its 2023 outlook looks worse than this year, unlike some of the others.
Let's dig into some details:
Apple
Apple's two straight quarters of double-digit revenue declines are in line with the normal seasonality associated with its business. What's concerning is that despite the sharp revenue decline, its operating expenses increased, non-cash expenses increased, and therefore, EBIT fell. Net income before non-recurring items was down more than 20% for the second straight quarter.
Net cash per share, which has declined in every quarter except one since the pandemic first hit, also declined in the last quarter.
Apple grew its long-term debt between 2013 and 2018, but since then debt levels have varied. In the last quarter, it ended with a debt/cap ratio of 67.3%, which is very high for a technology company. Of course, Apple is also a consumer goods provider, given the nature of its products. And to that extent some of the debt may be justified.
Analysts are taking down their estimates on Apple. The 2022 estimate is down a penny since the company last reported. The 2023 estimate is down 11 cents (1.7%). They still expect single-digit increases in both revenue and earnings for the two years.
Microsoft
Microsoft has fared better than Apple in terms of revenues, and continued its trend of revenue growth every other quarter. Its operating expense increases also reflect historical trends. Like Apple however, the increases in opex and non-cash expenses contributed to a lower EBIT in the last quarter.
Microsoft's net cash per share has grown through most of the pandemic-inflicted period, but in 2022, it dropped below 2019 levels.
The company has been lowering its debt steadily over the last several years, and in the last quarter it ended with a debt cap ratio of 23.0%.
Analysts have taken down their estimates of Microsoft earnings. For 2022, the Zacks Consensus Estimate is down 48 cents (4.5%) and for 2023, it is down 38 cents (3.2%).
Alphabet
Alphabet's revenue growth has not been an issue thus far, although last year's sharp pace of growth is flattening out this year. In the last quarter, both operating and non-cash expenses increased faster than revenue, leading to a decline in EBIT.
Net cash per share has been on a general upward trajectory since the pandemic, but has been softening since the December quarter, and more sharply this year.
Alphabet increased its debt more than three-folds in 2020, and debt levels have edged up further since then. But given its size, the debt cap was a mere 5.5% at the end of the last quarter, which is not worth bothering about.
Estimates have moved quite a bit lower after Alphabet's negative surprise in the last quarter. For 2022, the Zacks Consensus Estimate is down 32 cents (5.8%) while for 2023, it's down 70 cents (10.8%).
NVIDIA
NVIDIA has been the tech investors' darling since before the pandemic, and during the pandemic years (2020 and 2021), its revenues kept climbing. But this is one company that seems to be badly affected by the way the economic slowdown has affected technology providers. July 2022 was the first time since January 2019 that its revenue declined. And the outlook points to further weakness through the rest of 2022.
NVIDIA's manufacturing/input costs appear to be on the rise. And that's despite the revenue decline in the last quarter. However, its operating expenses are down. The net result is a reduction in EBIT.
The net cash per share recovered nicely from the pandemic, but the last two quarters have set a negative trend.
Debt levels have increased more than five-fold since the pandemic although the debt cap of 28.9% at the end of the last quarter doesn't look too bad.
Estimates have fallen sharply after NVIDIA management's cautionary remarks. The 2022 estimate went from $5.38 to $3.46 (down 35.7%) while the 2023 estimate went from $6.09 to $4.57 (down 25.0%).
Conclusion
While all of these stocks are trading below their median value over the past year, this should not be read as an obvious signal to buy. The reason is that there remains significant economic uncertainty related to the Fed's policy measures and a recession sometime next year can't be ruled out. It's quite possible that there will be further hits to share prices if the economy takes a notable turn for the worse.
So why do we not recommend a sell either? For all the stocks except NVIDIA, the valuation is at best reasonable. Nobody is going to make much profit by selling at these levels because chances are, you bought higher. Also, it's an absolute certainty that these tech stocks will ultimately regain and exceed their current share prices given their market position, cash flow and the enormous war chests that they have to tide over the bad times. Therefore, it's a good idea to hang on.
In NVIDIA's case, the shares look overvalued after the recent estimate revisions, and chances are, they will be pushed lower. Therefore, it's better to sell them.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
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
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: NVIDIA NVDA, Microsoft MSFT, Apple AAPL and Alphabet GOOGL. Apple Inc. (AAPL): Free Stock Analysis Report The reason is that there remains significant economic uncertainty related to the Fed's policy measures and a recession sometime next year can't be ruled out.
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Stocks recently featured in the blog include: NVIDIA NVDA, Microsoft MSFT, Apple AAPL and Alphabet GOOGL. Apple Inc. (AAPL): Free Stock Analysis Report What's concerning is that despite the sharp revenue decline, its operating expenses increased, non-cash expenses increased, and therefore, EBIT fell.
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Stocks recently featured in the blog include: NVIDIA NVDA, Microsoft MSFT, Apple AAPL and Alphabet GOOGL. Apple Inc. (AAPL): Free Stock Analysis Report Net cash per share, which has declined in every quarter except one since the pandemic first hit, also declined in the last quarter.
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Stocks recently featured in the blog include: NVIDIA NVDA, Microsoft MSFT, Apple AAPL and Alphabet GOOGL. Apple Inc. (AAPL): Free Stock Analysis Report Analysts are taking down their estimates on Apple.
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2022-09-07 00:00:00 UTC
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Here is What to Know Beyond Why Apple Inc. (AAPL) is a Trending Stock
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AAPL
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-apple-inc.-aapl-is-a-trending-stock-1
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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.
Shares of this maker of iPhones, iPads and other products have returned -6.3% over the past month versus the Zacks S&P 500 composite's -5.5% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has lost 6.6% over this period. Now the key question is: Where could the stock be headed in the near term?
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
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Apple is expected to post earnings of $1.25 per share, indicating a change of +0.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days.
The consensus earnings estimate of $6.10 for the current fiscal year indicates a year-over-year change of +8.7%. This estimate has changed +0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.49 indicates a change of +6.3% from what Apple is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Apple, the consensus sales estimate of $88.01 billion for the current quarter points to a year-over-year change of +5.6%. The $392.19 billion and $410.07 billion estimates for the current and next fiscal years indicate changes of +7.2% and +4.6%, respectively.
Last Reported Results and Surprise History
Apple reported revenues of $82.96 billion in the last reported quarter, representing a year-over-year change of +1.9%. EPS of $1.20 for the same period compares with $1.30 a year ago.
Compared to the Zacks Consensus Estimate of $81.99 billion, the reported revenues represent a surprise of +1.19%. The EPS surprise was +5.26%.
Over the last four quarters, Apple surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Apple is graded 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.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Apple Inc. (AAPL): Free Stock Analysis Report We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends.
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Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Apple Inc. (AAPL): Free Stock Analysis Report For the next fiscal year, the consensus earnings estimate of $6.49 indicates a change of +6.3% from what Apple is expected to report a year ago.
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Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Apple Inc. (AAPL): Free Stock Analysis Report Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
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Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. Apple Inc. (AAPL): Free Stock Analysis Report And if earnings estimates go up for a company, the fair value for its stock goes up.
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19477.0
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2022-09-07 00:00:00 UTC
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US STOCKS-Futures signal weak opening for Wall Street
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AAPL
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https://www.nasdaq.com/articles/us-stocks-futures-signal-weak-opening-for-wall-street
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By Sruthi Shankar and Ankika Biswas
Sept 7 (Reuters) - Futures signaled a weak start for Wall Street's main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation.
The technology-heavy Nasdaq index .IXIC marked its seventh straight session of declines on Tuesday - its longest losing streak since November 2016 - while the benchmark S&P 500 .SPX and the blue-chip Dow .DJI closed at a seven-week low.
The equities selloff, sparked by hawkish comments from Fed Chair Jerome Powell in August, has gathered momentum in recent days amid signs of an economic slowdown in Europe and China.
Meanwhile, data this month highlighted momentum in U.S. business activity and labor market, prompting traders to place bets on a 75 basis point interest rate hike by the Fed later this month. Fed fund futures implied investors were pricing in a 75% chance of such a move. FEDWATCH
The 10-year Treasury yield US10YT=RR, the benchmark for global borrowing costs, hit fresh June highs at 3.365%. US/
"What we've been seeing is a much bigger increase at the short-end of the yield curve, but now we're getting a shift in the yield curve higher and those higher interest rates are providing some competition for stocks," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"As long as interest rates continue to rise, we think the equity markets may be struggling going forward."
The S&P 500 has shed over 9% from its August peak and is trading less than 7% away from its mid-June trough when it made the year's low.
Powell's speech on Thursday as well U.S. consumer price data next week will be parsed for clues on the path of monetary policy.
At 08:52 a.m. ET, Dow e-minis 1YMcv1 were down 79 points, or 0.25%, S&P 500 e-minis EScv1 were down 9.75 points, or 0.25%, and Nasdaq 100 e-minis NQcv1 were down 16 points, or 0.13%.
Apple Inc AAPL.O was flat in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches.
Nio Inc NIO.N fell 5.1% after the Chinese electric vehicle maker reported a bigger second-quarter adjusted net loss compared with a year earlier.
Coupa Software Inc COUP.O jumped 9.6% after the payment management software firm beat second-quarter estimates for revenue and profit.
Meanwhile, Walmart Inc WMT.N, Target Corp TGT.N and McDonald's Corp MCD.N were among retailers that announced bond offerings in a busy post-Labor Day session.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Anil D'Silva and Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc AAPL.O was flat in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Futures signaled a weak start for Wall Street's main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. The technology-heavy Nasdaq index .IXIC marked its seventh straight session of declines on Tuesday - its longest losing streak since November 2016 - while the benchmark S&P 500 .SPX and the blue-chip Dow .DJI closed at a seven-week low.
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Apple Inc AAPL.O was flat in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Futures signaled a weak start for Wall Street's main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. US/ "What we've been seeing is a much bigger increase at the short-end of the yield curve, but now we're getting a shift in the yield curve higher and those higher interest rates are providing some competition for stocks," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
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Apple Inc AAPL.O was flat in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Futures signaled a weak start for Wall Street's main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. Meanwhile, data this month highlighted momentum in U.S. business activity and labor market, prompting traders to place bets on a 75 basis point interest rate hike by the Fed later this month.
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Apple Inc AAPL.O was flat in premarket trading ahead of the unveiling of its new range of iPhone models and Apple Watches. By Sruthi Shankar and Ankika Biswas Sept 7 (Reuters) - Futures signaled a weak start for Wall Street's main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. The technology-heavy Nasdaq index .IXIC marked its seventh straight session of declines on Tuesday - its longest losing streak since November 2016 - while the benchmark S&P 500 .SPX and the blue-chip Dow .DJI closed at a seven-week low.
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19478.0
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2022-09-07 00:00:00 UTC
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Here's My Favorite Warren Buffett Stock (It May Surprise You)
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AAPL
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https://www.nasdaq.com/articles/heres-my-favorite-warren-buffett-stock-it-may-surprise-you
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Given Warren Buffett's outstanding investment track record, many investors carefully watch Berkshire Hathaway's (NYSE: BRK.B)(NYSE: BRK.A) investments. The company's quarterly 13-F filing with the Securities and Exchange Commission (SEC) gives investors insight into what the Berkshire chief and his investment lieutenants are bullish on.
A close look at Berkshire Hathaway's portfolio today shows, first and foremost, that Buffett loves Apple (NASDAQ: AAPL). A review of the company's recent 13-F filings reveals that the stock is by far Berkshire's largest holding, accounting for about 42% of the conglomerate's equities portfolio. Other interesting bets can be found, too, including recent purchases of Occidental Petroleum, Ally Financial, Markel, and more.
While all of these companies are great investment ideas, it's none of the names in Berkshire's stock portfolio that has me the most excited. Indeed, some investors may be so busy looking for ideas in Berkshire's portfolio that they are overlooking the best Warren Buffett stock of all: Berkshire Hathaway itself.
Now that this high-quality business is down about 24% from an all-time high achieved earlier this year, investors may want to think carefully about buying shares while it's trading lower. The stock has arguably become too cheap to ignore.
Strong subsidiary operating earnings
While Berkshire's reported net income fluctuates significantly from year to year due to the changing value of the company's portfolio of stocks, investors can easily check on Berkshire's diversified set of subsidiaries by looking at reported operating earnings. For the first six months of 2022, the investment giant generated $16.3 billion in operating earnings, up from $13.7 billion in the year-ago period. Using this figure to calculate annualized operating earnings on a run-rate, basis, the company is generating about $32 billion in annual operating earnings. With a $610 billion market capitalization, the stock trades at just 19 times Berkshire's subsidiary group's annualized run-rate operating earnings.
Of course, if you subtract the value of the company's $338 billion equities portfolio from this market cap, you could say that Berkshire's subsidiary group theoretically trades at just 8.5 times operating earnings.
A robust stock portfolio
But investors shouldn't discount the potential of Berkshire's stock portfolio. Given the Oracle of Omaha's history of strong investment performance, and considering that we're in the middle of a bear market, Berkshire's equity holdings are likely collectively undervalued at the moment. I certainly think Berkshire's largest holding, Apple, is undervalued.
Warren Buffett. Image source: The Motley Fool.
A low-risk business
Finally, there's the fact that when investors buy into Berkshire Hathaway they're essentially buying into a curated selection of high-quality American assets -- not just one stock. This means that there's a much lower risk that something can go terribly wrong with the company.
Considering Berkshire's diversified business of quality subsidiaries, its attractive portfolio of equities, and its cheap valuation (1.3 times book value), I think Berkshire Hathaway is the most attractive Warren Buffett stock today. And, apparently, Buffett agrees that the stock is a buy; Berkshire repurchased about $5 billion worth of its stock this year -- and the investor has explicitly stated that he would not buy back shares unless he thinks they are meaningfully undervalued.
10 stocks we like better than Berkshire Hathaway (A and B shares)
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*Stock Advisor returns as of August 17, 2022
Ally is an advertising partner of The Ascent, a Motley Fool company. Daniel Sparks has positions in Apple and Berkshire Hathaway (B shares). his clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway (B shares), and Markel. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A close look at Berkshire Hathaway's portfolio today shows, first and foremost, that Buffett loves Apple (NASDAQ: AAPL). The company's quarterly 13-F filing with the Securities and Exchange Commission (SEC) gives investors insight into what the Berkshire chief and his investment lieutenants are bullish on. Of course, if you subtract the value of the company's $338 billion equities portfolio from this market cap, you could say that Berkshire's subsidiary group theoretically trades at just 8.5 times operating earnings.
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A close look at Berkshire Hathaway's portfolio today shows, first and foremost, that Buffett loves Apple (NASDAQ: AAPL). Given Warren Buffett's outstanding investment track record, many investors carefully watch Berkshire Hathaway's (NYSE: BRK.B)(NYSE: BRK.A) investments. With a $610 billion market capitalization, the stock trades at just 19 times Berkshire's subsidiary group's annualized run-rate operating earnings.
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A close look at Berkshire Hathaway's portfolio today shows, first and foremost, that Buffett loves Apple (NASDAQ: AAPL). Indeed, some investors may be so busy looking for ideas in Berkshire's portfolio that they are overlooking the best Warren Buffett stock of all: Berkshire Hathaway itself. Strong subsidiary operating earnings While Berkshire's reported net income fluctuates significantly from year to year due to the changing value of the company's portfolio of stocks, investors can easily check on Berkshire's diversified set of subsidiaries by looking at reported operating earnings.
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A close look at Berkshire Hathaway's portfolio today shows, first and foremost, that Buffett loves Apple (NASDAQ: AAPL). Indeed, some investors may be so busy looking for ideas in Berkshire's portfolio that they are overlooking the best Warren Buffett stock of all: Berkshire Hathaway itself. * They just revealed what they believe are the ten best stocks for investors to buy right now… and Berkshire Hathaway (A and B shares) wasn't one of them!
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19479.0
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2022-09-06 00:00:00 UTC
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After Hours Most Active for Sep 6, 2022 : MMM, BAC, INTC, AAPL, CSX, XOM, INFY, UBER, TLT, VST, GOOGL, AMZN
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AAPL
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https://www.nasdaq.com/articles/after-hours-most-active-for-sep-6-2022-%3A-mmm-bac-intc-aapl-csx-xom-infy-uber-tlt-vst-googl
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The NASDAQ 100 After Hours Indicator is down -9.99 to 12,001.32. The total After hours volume is currently 74,263,622 shares traded.
The following are the most active stocks for the after hours session:
3M Company (MMM) is +0.47 at $117.07, with 5,936,464 shares traded., following a 52-week high recorded in today's regular session.
Bank of America Corporation (BAC) is unchanged at $33.06, with 4,033,504 shares traded. As reported by Zacks, the current mean recommendation for BAC is in the "buy range".
Intel Corporation (INTC) is -0.01 at $30.35, with 3,381,909 shares traded., following a 52-week high recorded in today's regular session.
Apple Inc. (AAPL) is -0.13 at $154.40, with 2,845,550 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
CSX Corporation (CSX) is unchanged at $31.49, with 2,743,189 shares traded. As reported by Zacks, the current mean recommendation for CSX is in the "buy range".
Exxon Mobil Corporation (XOM) is unchanged at $94.95, with 2,516,991 shares traded. XOM's current last sale is 94.95% of the target price of $100.
Infosys Limited (INFY) is unchanged at $17.98, with 2,196,619 shares traded. INFY's current last sale is 85.62% of the target price of $21.
Uber Technologies, Inc. (UBER) is unchanged at $28.89, with 1,668,091 shares traded. As reported by Zacks, the current mean recommendation for UBER is in the "buy range".
iShares 20+ Year Treasury Bond ETF (TLT) is -0.14 at $107.35, with 1,542,735 shares traded., following a 52-week high recorded in today's regular session.
Vistra Corp. (VST) is unchanged at $24.34, with 1,501,212 shares traded. As reported by Zacks, the current mean recommendation for VST is in the "strong buy range".
Alphabet Inc. (GOOGL) is +0.04 at $106.85, with 1,400,719 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range".
Amazon.com, Inc. (AMZN) is +0.03 at $126.14, with 1,273,983 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is -0.13 at $154.40, with 2,845,550 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". 3M Company (MMM) is +0.47 at $117.07, with 5,936,464 shares traded., following a 52-week high recorded in today's regular session.
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Apple Inc. (AAPL) is -0.13 at $154.40, with 2,845,550 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". 3M Company (MMM) is +0.47 at $117.07, with 5,936,464 shares traded., following a 52-week high recorded in today's regular session.
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Apple Inc. (AAPL) is -0.13 at $154.40, with 2,845,550 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". CSX Corporation (CSX) is unchanged at $31.49, with 2,743,189 shares traded.
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Apple Inc. (AAPL) is -0.13 at $154.40, with 2,845,550 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". Intel Corporation (INTC) is -0.01 at $30.35, with 3,381,909 shares traded., following a 52-week high recorded in today's regular session.
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19480.0
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2022-09-06 00:00:00 UTC
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Noteworthy ETF Outflows: SPY, AAPL, MSFT, BRK.B
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AAPL
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-spy-aapl-msft-brk.b
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $4.5 billion dollar outflow -- that's a 1.3% decrease week over week (from 918,680,000 to 907,130,000). Among the largest underlying components of SPY, in trading today Apple Inc (Symbol: AAPL) is down about 0.7%, Microsoft Corporation (Symbol: MSFT) is down about 0.7%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up by about 0.1%. For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average:
Looking at the chart above, SPY's low point in its 52 week range is $362.17 per share, with $479.98 as the 52 week high point — that compares with a last trade of $390.56. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of SPY, in trading today Apple Inc (Symbol: AAPL) is down about 0.7%, Microsoft Corporation (Symbol: MSFT) is down about 0.7%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up by about 0.1%. For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $362.17 per share, with $479.98 as the 52 week high point — that compares with a last trade of $390.56. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of SPY, in trading today Apple Inc (Symbol: AAPL) is down about 0.7%, Microsoft Corporation (Symbol: MSFT) is down about 0.7%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up by about 0.1%. For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $362.17 per share, with $479.98 as the 52 week high point — that compares with a last trade of $390.56. 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).
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Among the largest underlying components of SPY, in trading today Apple Inc (Symbol: AAPL) is down about 0.7%, Microsoft Corporation (Symbol: MSFT) is down about 0.7%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $4.5 billion dollar outflow -- that's a 1.3% decrease week over week (from 918,680,000 to 907,130,000). For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $362.17 per share, with $479.98 as the 52 week high point — that compares with a last trade of $390.56.
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Among the largest underlying components of SPY, in trading today Apple Inc (Symbol: AAPL) is down about 0.7%, Microsoft Corporation (Symbol: MSFT) is down about 0.7%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up by about 0.1%. For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $362.17 per share, with $479.98 as the 52 week high point — that compares with a last trade of $390.56. 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).
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19481.0
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2022-09-06 00:00:00 UTC
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Two Places Where Warren Buffett and We Agree
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AAPL
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https://www.nasdaq.com/articles/two-places-where-warren-buffett-and-we-agree
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Dave Gilbert here, Editor of Smart Money.
Warren Buffett’s investing philosophy can be summed up in this famous quote from him:
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
The temptation is to say, “That’s it?” But it is a lot harder to do than it is to say, and who’s to argue with someone who is worth nearly $100 billion?
Just one Class A share of Buffett’s investment holding company, Berkshire Hathaway Inc. (BRK-A), trades for $415,000.
The man clearly knows what he’s doing, so investors follow his every move closely. His annual letters to Berkshire Hathaway shareholders are viewed as masterclasses in investing. His speeches, media appearances, and interactive sessions at shareholder meetings give us additional insight into the thinking of the man called “The Oracle of Omaha.”
So do the quarterly filings of Berkshire Hathaway. These statements to the U.S. Securities and Exchange Commission show the company’s buys and sells from the prior quarter, giving investors a look at the specifics instead of the generalities.
In its most recent report, Berkshire Hathaway increased its holdings in some big-name companies and sold the last of its shares in another.
Eric Fry’s own recent recommendations line up – at least in part – with both of these moves from Buffett.
To me, when one of the world’s greatest investors and our own “guiding star” agree, that means we need to pay attention…
Apple to SHOCK World with Project Titan
The world isn’t prepared for what Apple is about to do… and one of Silicon Valley’s top venture capitalists details the full story. Details here.
Adding Apple, Selling Verizon
The fact that Berkshire Hathaway bought nearly $4 billion worth of stock shares in the second quarter is a sign that Buffet and his partner, Charlie Munger, see at least some value out there. That follows $41 billion spent in the first quarter, which came on the heels of two consecutive years of selling more than buying in 2020 and 2021.
Among the notable companies Berkshire invested in during the second quarter were Apple Inc. (AAPL), Activision Blizzard Inc. (ATVI), Chevron Corp. (CVX), Citigroup Inc. (C), HP Inc. (HPQ), and Occidental Petroleum Corp. (OXY).
Just as interesting was Berkshire Hathaway selling the last of its Verizon Communications Inc. (VZ) shares. Buffett bought his first shares in the global telecommunications company eight years ago in 2014. The stock price itself is down about 15% since then, but adjusted for dividends, it has gained about 25%.
Verizon still pays a big dividend (current yield = 6%), but future growth expectations are low. Analysts estimate earnings will shrink nearly 4% this year and grow just 1.5% next year. Over the next five years, analysts project 3.4% annual earnings growth.
Verizon’s consumer division has struggled, and the wireless market is very competitive as other providers like AT&T Inc. (T) and T-Mobile US Inc. (TMUS) aggressively go after market share in the new world of 5G networks.
This is consistent with Eric Fry’s outlook that we have talked about before here in Smart Money. Eric believes that 5G providers like Verizon and AT&T will become well positioned for growth in the future, but that the better and more immediate opportunity is in companies building the next-generation network. He has mentioned Nokia Corp. (NOK) as an example.
Here’s a sneak peek into what he told his readers in the current issue of Fry’s Investment Report…
The company reported a “surprisingly” strong second-quarter result that featured robust North American demand for 5G infrastructure and technology.
Importantly, Nokia’s two largest divisions, Mobile Networks and Network Infrastructure, produced a combined 14.5% jump in sales year over year. This outstanding performance enabled Nokia to boost its operating profit 16.5% year over year.
Within the overall 5G market, the Nokia team is especially optimistic about the growth potential of the enterprise market – i.e., private networks for businesses and government entities.
Now that a great, big 5G boom is underway, Nokia is finally starting to reap a bounty from its long-term research & development efforts.
Beyond 5G, there’s another interesting trend that Warren Buffet – and Eric Fry – agree on.
And that points to profit potential for those who join in…
When Upside Potential Outweighs Downside Risk
For the first time in July, Americans spent more time watching streaming content than cable television. According to the latest Nielsen report, U.S. viewers watched streaming services like Netflix, YouTube, and Disney Plus with 34.8% of their time, outpacing the 34.4% of time watching cable.
Perhaps that’s why Berkshire Hathaway boosted its investment in Paramount Global (PARA) to 69 million shares worth nearly $2 billion, or roughly 15% of the company.
Regular Smart Money readers may remember that Eric called out Paramount just one month ago as an undervalued stock worth watching…
Paramount has had four major movie releases this year, the biggest by far being Top Gun: Maverick which, following its late-May release, crushed its budget of $170 million by grossing $1.325 billion at the box office.
But whether the rest of the movies Paramount has planned for 2023 and beyond will be just as successful is moot; I believe Paramount has become a compelling and undervalued speculation.
This famous brand is the owner of many other famous brands, like CBS, Nickelodeon, and Showtime. Collectively, these media brands create a formidable competitive moat that surrounds what is fast becoming an impressive citadel of streaming services.
Although many investors view Paramount’s streaming services, Paramount+ and Pluto TV, as also-rans, these also-rans are sprinting ahead of most of the competition.
There’s a lot to like here. And yet, on most metrics, the shares trade at a steep valuation discount to peers like Comcast Corp. (CMCSA) and The Walt Disney Co. (DIS).
Even if that growth materializes more slowly than I anticipate, the stock offers ample downside protection at its current quote.
Eric refers to this kind of setup as “asymmetrical” – meaning the upside potential exceeds the downside risk at current prices. For example, just using general numbers here, you may risk 20% downside for 50% upside, or more.
Warren Buffett doesn’t usually talk about asymmetrical investing, but given what we know about his storied history, I’m confident he would approve. Just see Rule No. 1 – and Rule No. 2.
Eric regularly makes 5G and streaming stock recommendations in Fry’s Investment Report. Get more info here.
Regards,
Dave
P.S.Luke Lango says, “Stage 2 stocks are the holy grail of investing.
Have you ever heard of stage two stocks? According to Luke Lango, they’re the holy grail of investing because they could return as much as 500% in only 21 days and pay you an extra $10,000 or more in recession-proof cash every month. Find out more.
The post Two Places Where Warren Buffett and We Agree appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the notable companies Berkshire invested in during the second quarter were Apple Inc. (AAPL), Activision Blizzard Inc. (ATVI), Chevron Corp. (CVX), Citigroup Inc. (C), HP Inc. (HPQ), and Occidental Petroleum Corp. (OXY). His speeches, media appearances, and interactive sessions at shareholder meetings give us additional insight into the thinking of the man called “The Oracle of Omaha.” So do the quarterly filings of Berkshire Hathaway. Adding Apple, Selling Verizon The fact that Berkshire Hathaway bought nearly $4 billion worth of stock shares in the second quarter is a sign that Buffet and his partner, Charlie Munger, see at least some value out there.
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Among the notable companies Berkshire invested in during the second quarter were Apple Inc. (AAPL), Activision Blizzard Inc. (ATVI), Chevron Corp. (CVX), Citigroup Inc. (C), HP Inc. (HPQ), and Occidental Petroleum Corp. (OXY). Adding Apple, Selling Verizon The fact that Berkshire Hathaway bought nearly $4 billion worth of stock shares in the second quarter is a sign that Buffet and his partner, Charlie Munger, see at least some value out there. Perhaps that’s why Berkshire Hathaway boosted its investment in Paramount Global (PARA) to 69 million shares worth nearly $2 billion, or roughly 15% of the company.
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Among the notable companies Berkshire invested in during the second quarter were Apple Inc. (AAPL), Activision Blizzard Inc. (ATVI), Chevron Corp. (CVX), Citigroup Inc. (C), HP Inc. (HPQ), and Occidental Petroleum Corp. (OXY). Adding Apple, Selling Verizon The fact that Berkshire Hathaway bought nearly $4 billion worth of stock shares in the second quarter is a sign that Buffet and his partner, Charlie Munger, see at least some value out there. Perhaps that’s why Berkshire Hathaway boosted its investment in Paramount Global (PARA) to 69 million shares worth nearly $2 billion, or roughly 15% of the company.
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Among the notable companies Berkshire invested in during the second quarter were Apple Inc. (AAPL), Activision Blizzard Inc. (ATVI), Chevron Corp. (CVX), Citigroup Inc. (C), HP Inc. (HPQ), and Occidental Petroleum Corp. (OXY). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dave Gilbert here, Editor of Smart Money. Warren Buffett’s investing philosophy can be summed up in this famous quote from him: Rule No.
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19482.0
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2022-09-06 00:00:00 UTC
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Meta Platforms' (META) Instagram Fined by Irish Regulators
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AAPL
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https://www.nasdaq.com/articles/meta-platforms-meta-instagram-fined-by-irish-regulators
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nan
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nan
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Meta Platforms’ META Instagram has recently been slapped with a €405 million fine by Ireland’s data regulators for violating the European Union’s (EU) General Data Protection Regulation (GDPR) and failing to protect children’s information.
The Irish data protection commission fined Instagram following a two-year investigation. The investigation followed complaints regarding Instagram’s default settings in the accounts of all users, including children under the age of 18, to public settings. The complaint also included claims that information about children using business accounts on the platform was made publicly available.
The current fine is one of the largest under GDPR and the third largest that the Irish regulator has handed over to META. In March, META was fined €17 million by the Irish regulator following an investigation into a data breach on Facebook. Last year, it was fined €225 million for violating privacy laws on WhatsApp. While the company has accepted the Facebook decision, it is appealing against the WhatsApp ruling.
Similar legal proceedings were brought by the Australian competition watchdog for posting fake celebrity advertisements on its social media platform.
Per Independent, the Australian Competition & Consumer Commission (ACCC) complained that Meta failed to prevent scammers from promoting fake advertisements of celebrities endorsing misleading products.
Meta Platforms, Inc. Price and Consensus
Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote
Meta’s Legal Woes Impacting Share Price Negatively
Meta’s legal woes are ever-increasing and negatively impacting the share price movement. One of the biggest legal threats the company faced was launched by the Russian authorities. Russian prosecutors asked a court to mark Meta as an extremist organization. Instagram is banned in the country since Mar 11.
Geopolitical tensions like the Russia-Ukraine war reduced META’s monthly active users across its family of apps, namely Facebook and Instagram. Also, rising inflation weakened digital advertising revenues. The global economic downturn is currently witnessing a worse phase than what it was a quarter ago. This, in turn, hurt investors’ sentiments around ad-revenue-dependent companies.
Also impacting Meta’s ad-revenue growth are ad targeting-related headwinds created by Apple’s AAPL iOS changes.
Apple’s iOS changes have made ad targeting difficult, which has increased the cost of driving outcomes. Measuring these outcomes is very difficult and Meta expects these factors to hurt advertising growth in the third quarter and throughout 2022.
Shares of Meta Platforms, which currently has a Zacks Rank #5 (Strong Sell), have tumbled 52.4% in the year-to-date period compared with the Zacks Internet – Software industry’s decline of 50.7%.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Intensifying competition for ad dollars and user engagement from the likes of Snap SNAP, Twitter TWTR and TikTok is another persistent headwind. Also, as META is trying to rebuild its e-commerce business, it is facing severe competition from Amazon in this segment.
Snap is benefiting from improving user engagement, particularly in the 13-34-year-old demography, which is expanding its advertiser base. SNAP is also giving competition to META in the metaverse space. It collaborated with Vogue to feature a virtual try-on experience of select pieces from Balenciaga, Dior and Gucci, which will be available for snapchatters, globally.
Even as Meta Platforms is investing aggressively in building the metaverse, Twitter surpassed it as the first social media giant to enter the non-fungible token marketplace by launching a tool to showcase and sell NFTs on its platform.
Rising legal woes, strong competition and geo-political headwinds have impacted revenues in the second quarter of 2022.
Revenues of $28.82 billion beat the Zacks Consensus Estimate by 0.44% but decreased 0.9% year over year. At constant currency (cc), the top line improved 3%.
Although Meta Platforms’ short-term revenue growth looks bleak, it is confident about its long-term prospects. META is pumping resources into developing AI to address solutions for megatrends like a hybrid work environment, which will drive its user base across various platforms like Meta Portal Go.
Investments in AI are also expected to draw higher revenues from Meta’s ad business.
Further, Meta’s investments in AI will allow social feeds in Facebook and Instagram to be more recommended by AI, which will reduce privacy breaches and protect the data of its users.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Twitter, Inc. (TWTR): Free Stock Analysis Report
Snap Inc. (SNAP): Free Stock Analysis Report
Meta Platforms, Inc. (META): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also impacting Meta’s ad-revenue growth are ad targeting-related headwinds created by Apple’s AAPL iOS changes. Apple Inc. (AAPL): Free Stock Analysis Report Similar legal proceedings were brought by the Australian competition watchdog for posting fake celebrity advertisements on its social media platform.
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Also impacting Meta’s ad-revenue growth are ad targeting-related headwinds created by Apple’s AAPL iOS changes. Apple Inc. (AAPL): Free Stock Analysis Report Meta Platforms, Inc. Price and Consensus Meta Platforms, Inc. price-consensus-chart | Meta Platforms, Inc. Quote Meta’s Legal Woes Impacting Share Price Negatively Meta’s legal woes are ever-increasing and negatively impacting the share price movement.
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Also impacting Meta’s ad-revenue growth are ad targeting-related headwinds created by Apple’s AAPL iOS changes. Apple Inc. (AAPL): Free Stock Analysis Report Meta Platforms’ META Instagram has recently been slapped with a €405 million fine by Ireland’s data regulators for violating the European Union’s (EU) General Data Protection Regulation (GDPR) and failing to protect children’s information.
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Also impacting Meta’s ad-revenue growth are ad targeting-related headwinds created by Apple’s AAPL iOS changes. Apple Inc. (AAPL): Free Stock Analysis Report One of the biggest legal threats the company faced was launched by the Russian authorities.
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19483.0
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2022-09-06 00:00:00 UTC
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Invest Like Warren Buffett With These 3 Stocks
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AAPL
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https://www.nasdaq.com/articles/invest-like-warren-buffett-with-these-3-stocks-0
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nan
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nan
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Warren Buffett, commonly referred to as the Oracle of Omaha, comes to many peoples’ minds when thinking of the financial world. He’s a widely-followed individual in the realm, and his track record of excellence within the market is precisely why.
Of course, investors keep close tabs on every move he makes. And in 2022, he’s been on the offensive, obviously seeing opportunities in an otherwise dim market.
Three companies that have seen buying activity from the Oracle of Omaha include Apple AAPL, Occidental Petroleum OXY, and McKesson MCK.
Below is a chart illustrating the share performance of all three companies with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
Let’s take a deeper dive into each company.
Occidental Petroleum
One of Buffett’s most famous buys of 2022, Occidental Petroleum OXY, is an integrated oil and gas company with significant exploration and production exposure. OXY is a Zacks Rank #3 (Hold) with an overall VGM Score of an A.
As expected, analysts have been bullish across all timeframes over the last 60 days, with earnings estimates rising substantially.
Image Source: Zacks Investment Research
OXY’s bottom-line is projected to skyrocket; the Zacks Consensus EPS Estimate for the company’s current fiscal year (FY22) sits at $11.00, penciling in a massive 330% Y/Y uptick.
Image Source: Zacks Investment Research
In addition, OXY has picked up strong momentum as of late, surpassing both bottom and top-line estimates in each of its previous four quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
McKesson
Located in Texas, McKesson MCK is a healthcare services and information technology company operating through two segments: Distribution Solutions and Technology Solutions. MCK is a Zacks Rank #2 (Buy) with an overall VGM Score of a B.
Similar to OXY, analysts have been bullish in their earnings outlook over the last several months, raising estimates significantly.
Image Source: Zacks Investment Research
McKesson has been on a blazing earnings streak – the company has impressively exceeded revenue and earnings estimates in nine of its previous ten prints. Just in its latest release, MCK penciled in a 10% bottom-line beat and a 5% revenue beat.
Image Source: Zacks Investment Research
Further, McKesson shares trade at solid valuation levels, further bolstered by its Style Score of an A for Value.
MCK’s 14.9X forward earnings multiple is nicely below its Zacks Sector average of 20.9X, representing a steep 29% relative discount.
Image Source: Zacks Investment Research
Apple
One of the most popular stocks, Apple AAPL, has revolutionized the mobile phone landscape with its legendary iPhone and has pushed technology to new heights. AAPL is a Zacks Rank #3 (Hold) with an overall VGM Score of a B.
Apple has been the definition of consistency within its quarterly results – AAPL has exceeded revenue and earnings estimates in 19 of its previous 20 quarterly reports.
Just in its latest print, Apple recorded a 5.3% EPS beat and a 1.2% revenue beat.
Image Source: Zacks Investment Research
In addition, Apple is the undisputed king of free cash flow; AAPL is on track to achieve the highest free cash flow of any S&P 500 company in 2022.
Free cash flow was reported at a spectacular $20.8 billion in its latest quarter, good enough for a solid 9.4% uptick from year-ago quarterly free cash flow of $19 billion.
Image Source: Zacks Investment Research
Even in the face of a harsh macroeconomic backdrop, AAPL is still forecasted to grow at an impressive pace – earnings are forecasted to grow 9% in FY22 and an additional 6% in FY23.
Image Source: Zacks Investment Research
Bottom Line
It’s no secret that it’s been rough sailing in the market in 2022. A hawkish Fed has been a primary reason for the rough waters, with geopolitical issues causing a storm of their own.
In rough times, it can be beneficial to see what other high-profile investors have targeted, such as Warren Buffett.
All three stocks above – Occidental Petroleum OXY, Apple AAPL, and McKesson MCK – have seen buying activity from the Oracle of Omaha.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Occidental Petroleum Corporation (OXY): Free Stock Analysis Report
McKesson Corporation (MCK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three companies that have seen buying activity from the Oracle of Omaha include Apple AAPL, Occidental Petroleum OXY, and McKesson MCK. Image Source: Zacks Investment Research Apple One of the most popular stocks, Apple AAPL, has revolutionized the mobile phone landscape with its legendary iPhone and has pushed technology to new heights. AAPL is a Zacks Rank #3 (Hold) with an overall VGM Score of a B. Apple has been the definition of consistency within its quarterly results – AAPL has exceeded revenue and earnings estimates in 19 of its previous 20 quarterly reports.
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Three companies that have seen buying activity from the Oracle of Omaha include Apple AAPL, Occidental Petroleum OXY, and McKesson MCK. All three stocks above – Occidental Petroleum OXY, Apple AAPL, and McKesson MCK – have seen buying activity from the Oracle of Omaha. Image Source: Zacks Investment Research Apple One of the most popular stocks, Apple AAPL, has revolutionized the mobile phone landscape with its legendary iPhone and has pushed technology to new heights.
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Image Source: Zacks Investment Research In addition, Apple is the undisputed king of free cash flow; AAPL is on track to achieve the highest free cash flow of any S&P 500 company in 2022. Three companies that have seen buying activity from the Oracle of Omaha include Apple AAPL, Occidental Petroleum OXY, and McKesson MCK. Image Source: Zacks Investment Research Apple One of the most popular stocks, Apple AAPL, has revolutionized the mobile phone landscape with its legendary iPhone and has pushed technology to new heights.
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All three stocks above – Occidental Petroleum OXY, Apple AAPL, and McKesson MCK – have seen buying activity from the Oracle of Omaha. Three companies that have seen buying activity from the Oracle of Omaha include Apple AAPL, Occidental Petroleum OXY, and McKesson MCK. Image Source: Zacks Investment Research Apple One of the most popular stocks, Apple AAPL, has revolutionized the mobile phone landscape with its legendary iPhone and has pushed technology to new heights.
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19484.0
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2022-09-06 00:00:00 UTC
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Noteworthy Tuesday Option Activity: COST, AAPL, DPZ
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AAPL
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-cost-aapl-dpz
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Costco Wholesale Corp (Symbol: COST), where a total volume of 23,230 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 126.3% of COST's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $500 strike put option expiring September 09, 2022, with 850 contracts trading so far today, representing approximately 85,000 underlying shares of COST. Below is a chart showing COST's trailing twelve month trading history, with the $500 strike highlighted in orange:
Apple Inc (Symbol: AAPL) options are showing a volume of 717,853 contracts thus far today. That number of contracts represents approximately 71.8 million underlying shares, working out to a sizeable 107.2% of AAPL's average daily trading volume over the past month, of 67.0 million shares. Particularly high volume was seen for the $157.50 strike call option expiring September 09, 2022, with 50,523 contracts trading so far today, representing approximately 5.1 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $157.50 strike highlighted in orange:
And Dominos Pizza Inc. (Symbol: DPZ) options are showing a volume of 5,050 contracts thus far today. That number of contracts represents approximately 505,000 underlying shares, working out to a sizeable 101.2% of DPZ's average daily trading volume over the past month, of 498,870 shares. Particularly high volume was seen for the $400 strike call option expiring October 21, 2022, with 1,025 contracts trading so far today, representing approximately 102,500 underlying shares of DPZ. Below is a chart showing DPZ's trailing twelve month trading history, with the $400 strike highlighted in orange:
For the various different available expirations for COST options, AAPL options, or DPZ options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $157.50 strike call option expiring September 09, 2022, with 50,523 contracts trading so far today, representing approximately 5.1 million underlying shares of AAPL. Below is a chart showing COST's trailing twelve month trading history, with the $500 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 717,853 contracts thus far today. That number of contracts represents approximately 71.8 million underlying shares, working out to a sizeable 107.2% of AAPL's average daily trading volume over the past month, of 67.0 million shares.
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Below is a chart showing COST's trailing twelve month trading history, with the $500 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 717,853 contracts thus far today. That number of contracts represents approximately 71.8 million underlying shares, working out to a sizeable 107.2% of AAPL's average daily trading volume over the past month, of 67.0 million shares. Below is a chart showing AAPL's trailing twelve month trading history, with the $157.50 strike highlighted in orange: And Dominos Pizza Inc. (Symbol: DPZ) options are showing a volume of 5,050 contracts thus far today.
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That number of contracts represents approximately 71.8 million underlying shares, working out to a sizeable 107.2% of AAPL's average daily trading volume over the past month, of 67.0 million shares. Particularly high volume was seen for the $157.50 strike call option expiring September 09, 2022, with 50,523 contracts trading so far today, representing approximately 5.1 million underlying shares of AAPL. Below is a chart showing COST's trailing twelve month trading history, with the $500 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 717,853 contracts thus far today.
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Particularly high volume was seen for the $157.50 strike call option expiring September 09, 2022, with 50,523 contracts trading so far today, representing approximately 5.1 million underlying shares of AAPL. Below is a chart showing DPZ's trailing twelve month trading history, with the $400 strike highlighted in orange: For the various different available expirations for COST options, AAPL options, or DPZ options, visit StockOptionsChannel.com. Below is a chart showing COST's trailing twelve month trading history, with the $500 strike highlighted in orange: Apple Inc (Symbol: AAPL) options are showing a volume of 717,853 contracts thus far today.
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19485.0
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2022-09-06 00:00:00 UTC
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Comcast (CMCSA) Paramount JV SkyShowtime Set for Sep 20 Launch
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AAPL
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https://www.nasdaq.com/articles/comcast-cmcsa-paramount-jv-skyshowtime-set-for-sep-20-launch
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nan
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nan
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Comcast CMCSA and Paramount Global joint venture, SkyShowtime, is set for launch on Sep 20 in the Nordic countries of Denmark, Finland, Norway and Sweden. SkyShowtime will replace Paramount+ in these countries.
SkyShowtime will be available for €6,99 in Finland, SEK 79 in Sweden, NOK 79 in Norway, and DKK 69 in Denmark. SkyShowtime will be available in the Nordics through distribution partners including Allente, RiksTV, Ruutu, Sappa, Strim, Telenor, Tele2, Telia, Telmore and YouSee from Nuuday Group, and TV 2 Play.
Later this year, in the fourth quarter, the streaming service will be launched in the Netherlands. Beginning the first quarter of 2023, SkyShowtime will be launched in countries such as Spain, Portugal, Andorra and Central & Eastern Europe.
SkyShowtime to Face Stiff Competition in Europe
The European video streaming market is expected to witness a CAGR of 14.02% between 2022 and 2027, reaching $26.07 billion by 2027, per data from Statista.
SkyShowtime, despite its solid content portfolio, is expected to face stiff competition in the space from the likes of Netflix NFLX, Amazon AMZN as well as local providers like NENT Group (Nordic), IPLA (Poland), Streamz (Belgium) and RTL’s Videoland, Viaplay.
Netflix’s popularity is driven by its focus on creating regional content. According to an Ampere Analysis study, cited by Deadline, Netflix currently produces almost 30% of the content available in Europe locally.
Comcast Corporation Price and Consensus
Comcast Corporation price-consensus-chart | Comcast Corporation Quote
For instance, in the United Kingdom, Netflix is set to hit the 30% mark with the addition of just 408 titles, or by removing 953 non-European titles.
Amazon is also producing more local content. It has exceeded the 30% mark in Germany, Switzerland and Italy, and is approximately at the 27% market in the United Kingdom.
Nevertheless, SkyShowtime promises solid content with thousands of hours of quality entertainment including the exclusive television premieres of first-run theatrical films from Paramount’s studios, Paramount Pictures and Universal Pictures.
Additionally, SkyShowtime will feature new premium scripted series, kids and family content as well as titles from the content library of Universal Pictures, Paramount Pictures, Nickelodeon, DreamWorks Animation, Paramount+, SHOWTIME, Sky Studios and Peacock.
What to Expect from Comcast Shares in 2022?
Comcast shares have underperformed its streaming peers Apple AAPL, Amazon, Disney and Paramount while outperforming Netflix.
Comcast shares are down 29% year to date compared with Apple’s, Amazon’s, Disney’s and Paramount’s decline of 12.3%, 23.5%, 28.2% and 23.4%, respectively. Netflix shares have declined 62.5% year to date.
Comcast is expected to benefit from the growing adoption of the Peacock streaming service. The company is benefiting from a growing wireless subscriber base. Comcast’s plan to transition to DOCSIS 4.0 is noteworthy in this regard. The technology will help this Zacks Rank #3 (Hold) company in expanding much faster and at a lower cost compared to competitors. Recovery in the park and movie business bodes well for Comcast’s profitability. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Comcast Corporation (CMCSA): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comcast shares have underperformed its streaming peers Apple AAPL, Amazon, Disney and Paramount while outperforming Netflix. Apple Inc. (AAPL): Free Stock Analysis Report Comcast CMCSA and Paramount Global joint venture, SkyShowtime, is set for launch on Sep 20 in the Nordic countries of Denmark, Finland, Norway and Sweden.
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Apple Inc. (AAPL): Free Stock Analysis Report Comcast shares have underperformed its streaming peers Apple AAPL, Amazon, Disney and Paramount while outperforming Netflix. Comcast Corporation (CMCSA): Free Stock Analysis Report
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Comcast shares have underperformed its streaming peers Apple AAPL, Amazon, Disney and Paramount while outperforming Netflix. Apple Inc. (AAPL): Free Stock Analysis Report SkyShowtime, despite its solid content portfolio, is expected to face stiff competition in the space from the likes of Netflix NFLX, Amazon AMZN as well as local providers like NENT Group (Nordic), IPLA (Poland), Streamz (Belgium) and RTL’s Videoland, Viaplay.
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Comcast shares have underperformed its streaming peers Apple AAPL, Amazon, Disney and Paramount while outperforming Netflix. Apple Inc. (AAPL): Free Stock Analysis Report Comcast CMCSA and Paramount Global joint venture, SkyShowtime, is set for launch on Sep 20 in the Nordic countries of Denmark, Finland, Norway and Sweden.
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19486.0
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2022-09-06 00:00:00 UTC
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FACTBOX-What is expected at Apple's 'Far Out' fall event?
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AAPL
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https://www.nasdaq.com/articles/factbox-what-is-expected-at-apples-far-out-fall-event
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nan
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nan
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Sept 6 (Reuters) - Apple Inc AAPL.O will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.
The event, "Far Out", will begin at 1700 GMT at the Steve Jobs Theater in Apple's headquarters in Cupertino, California. It is the company's first indoor event since the pandemic.
Based on reports, here are some of the expected announcements:
IPHONE 14
Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.
The "mini" version of the iPhone may be discontinued, according to reports.
Pricing and bundling options for Apple's flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.
"Apple could choose to increase the price of the Pro models and leave the lower end models unchanged," BofA Securities analyst Wamsi Mohan said.
SATELLITE NETWORK CONNECTIVITY
Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches.
The possible feature would allow users to send emergency text messages in situations where they are without a network.
APPLE WATCH
The Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.
The company may also launch a Pro version of the Watch.
AIRPODS PRO 2
The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.
Some reports suggest the case could have a type-C port.
AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?
There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.
"There could be some clues around a new AR/VR product although unlikely to be launched before 2023," BofA Securities' Mohan said.
Here is a list of Apple launches at previous events:
Past Events
Date
Products launched
Worldwide Developer's Conference
June 6, 2022
MacBooks with M2 chip
"Peak Performance"
March 8, 2022
iPhone SE, iPad Air, Mac Studio, Studio Display,
"Unleashed"
Oct. 18, 2021
MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen
"California Streaming"
Sept. 14, 2021
iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7
"Spring Loaded"
April 20, 2021
iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple
(Reporting by Nivedita Balu and Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)
((nivedita.balu@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 6 (Reuters) - Apple Inc AAPL.O will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers. Pricing and bundling options for Apple's flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones. There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.
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Sept 6 (Reuters) - Apple Inc AAPL.O will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers. "Apple could choose to increase the price of the Pro models and leave the lower end models unchanged," BofA Securities analyst Wamsi Mohan said. "There could be some clues around a new AR/VR product although unlikely to be launched before 2023," BofA Securities' Mohan said.
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Sept 6 (Reuters) - Apple Inc AAPL.O will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers. Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches. Here is a list of Apple launches at previous events: Past Events Date Products launched Worldwide Developer's Conference June 6, 2022 MacBooks with M2 chip "Peak Performance" March 8, 2022 iPhone SE, iPad Air, Mac Studio, Studio Display, "Unleashed" Oct. 18, 2021 MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen "California Streaming" Sept. 14, 2021 iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7 "Spring Loaded" April 20, 2021 iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple (Reporting by Nivedita Balu and Eva Mathews in Bengaluru; Editing by Shounak Dasgupta) ((nivedita.balu@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sept 6 (Reuters) - Apple Inc AAPL.O will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers. Apple usually launches new iPhones at the September event. The "mini" version of the iPhone may be discontinued, according to reports.
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19487.0
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2022-09-06 00:00:00 UTC
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US STOCKS-Wall Street ends busy post-summer session in the red
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-busy-post-summer-session-in-the-red
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nan
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nan
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By Carolina Mandl
NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.
A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased.
However, numbers from S&P Global showed the services sector Purchasing Managers' Index fell short of flash estimates for August.
A stronger-than-expected reading on the U.S. services sector fueled expectations that the Federal Reserve will keep raising interest rates to tame inflation.
"The Fed has relegated us to being very data dependent, so every piece of information that comes out investors are going to look not only at the absolute level, but try to infer what that means for when the Fed meets," said Carol Schleif, deputy chief investment officer at BMO Family Office.
"One of the things that is disconcerting to investors is that there's really little to propel markets either up solidly or down solidly," she added.
Concerns over the supply of energy to Europe and how COVID-19 lockdowns will impact China's economy also drove markets down on Tuesday, said Shawn Cruz, head trading strategist at TD Ameritrade. "A lot of uncertainty and volatility is not coming from the U.S.; it's actually coming from overseas."
The tech-heavy Nasdaq .IXIC suffered its seventh consecutive day of losses, its longest losing streak since November 2016.
Rate-sensitive shares of Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O fell about 1% as benchmark U.S. Treasury yields rose to their highest levels since June. Apple Inc AAPL.O, which will launch new iPhones next Wednesday, lost 0.8.
Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool. FEDWATCH
The focus will be on Fed Chair Jerome Powell's speech on Thursday as well U.S. consumer price data next week for clues on the path of monetary policy.
Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
The S&P is down nearly 18% so far this year, while the Nasdaq has shed over 26% as rising interest rates hurt megacap technology and growth stocks.
Among the major S&P sectors, energy .SPNY and communication services .SPLRCL were the worst performers, while defensive utilities .SPLRCU and real estate .SPLRCR rose.
The Dow Jones Industrial Average .DJI fell 173.14 points, or 0.55%, to 31,145.3; the S&P 500 .SPX lost 16.07 points, or 0.41%, to 3,908.19; and the Nasdaq Composite .IXIC dropped 85.96 points, or 0.74%, to 11,544.91.
The CBOE Volatility index .VIX, known as Wall Street's fear gauge, touched a near two-month high of 27.80 before closing at 26.91.
Bed Bath & Beyond Inc BBBY.O tumbled 18.4% after Chief Financial Officer Gustavo Arnal fell to his death from New York's Tribeca skyscraper.
Digital World Acquisition Corp DWAC.O fell 11.4% after Reuters reported the blank-check acquisition firm that had agreed to merge with former U.S. President Donald Trump's social media company failed to secure enough shareholder support for an extension to complete the deal.
Volume on U.S. exchanges was 10.71 billion shares, compared with the 10.46 billion average for the full session over the last 20 trading days.
Declining issues outnumbered advancers on the NYSE by a 2.46-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.
The S&P 500 posted no new 52-week highs and 29 new lows; the Nasdaq Composite recorded 19 new highs and 317 new lows.
(Reporting by Carolina Mandl, in New York, and additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Saumyadeb Chakrabarty, Maju Samuel and Richard Chang)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, lost 0.8. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. Concerns over the supply of energy to Europe and how COVID-19 lockdowns will impact China's economy also drove markets down on Tuesday, said Shawn Cruz, head trading strategist at TD Ameritrade.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, lost 0.8. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. However, numbers from S&P Global showed the services sector Purchasing Managers' Index fell short of flash estimates for August.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, lost 0.8. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, lost 0.8. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool.
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19488.0
|
2022-09-06 00:00:00 UTC
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US STOCKS-Wall Street resumes busy trading season in the red
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-street-resumes-busy-trading-season-in-the-red
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nan
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nan
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By Carolina Mandl
NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.
A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased.
However, numbers from S&P Global showed the services sector Purchasing Managers' Index fell short of flash estimates for August.
A stronger-than-expected reading on the U.S. services sector fueled expectations that the Federal Reserve will keep raising interest rates to tame inflation.
"The Fed has relegated us to being very data dependent, so every piece of information that comes out investors are going to look not only at the absolute level, but try to infer what that means for when the Fed meets," said Carol Schleif, deputy chief investment officer at BMO Family Office.
"One of the things that is disconcerting to investors is that there's really little to propel markets either up solidly or down solidly," she added.
Concerns over the supply of energy to Europe and how COVID-19 lockdowns will impact China's economy also drove markets down on Tuesday, said Shawn Cruz, head trading strategist at TD Ameritrade. "A lot of uncertainty and volatility is not coming from the U.S.; it's actually coming from overseas."
The tech-heavy Nasdaq .IXIC suffered its seventh consecutive day of losses, its longest losing streak since November 2016.
Rate-sensitive shares of Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O fell about 1% as benchmark U.S. Treasury yields rose to their highest levels since June. Apple Inc AAPL.O, which will launch new iPhones next Wednesday, also lost ground.
Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool. FEDWATCH
The focus will be on Fed Chair Jerome Powell's speech on Thursday as well U.S. consumer price data next week for clues on the path of monetary policy.
Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
The S&P is down nearly 18% so far this year, while the Nasdaq has shed over 26% as rising interest rates hurt megacap technology and growth stocks.
Among the major S&P sectors, energy .SPNY and communication services .SPLRCL were among the worst performers, while defensive utilities .SPLRCU and real estate .SPLRCR rose.
According to preliminary data, the S&P 500 .SPX lost 15.57 points, or 0.36%, to end at 3,910.16 points, while the Nasdaq Composite .IXIC lost 84.94 points, or 0.73%, to 11,545.92. The Dow Jones Industrial Average .DJI fell 148.35 points, or 0.47%, to 31,155.72.
The CBOE Volatility index .VIX, known as Wall Street's fear gauge, touched a near two-month high of 27.80.
Bed Bath & Beyond Inc BBBY.O tumbled after Chief Financial Officer Gustavo Arnal fell to his death from New York's Tribeca skyscraper.
(Reporting by Carolina Mandl, in New York, and additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Saumyadeb Chakrabarty, Maju Samuel and Richard Chang)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, also lost ground. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. Concerns over the supply of energy to Europe and how COVID-19 lockdowns will impact China's economy also drove markets down on Tuesday, said Shawn Cruz, head trading strategist at TD Ameritrade.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, also lost ground. However, numbers from S&P Global showed the services sector Purchasing Managers' Index fell short of flash estimates for August. Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, also lost ground. By Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, also lost ground. "The Fed has relegated us to being very data dependent, so every piece of information that comes out investors are going to look not only at the absolute level, but try to infer what that means for when the Fed meets," said Carol Schleif, deputy chief investment officer at BMO Family Office. Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool.
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19489.0
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2022-09-06 00:00:00 UTC
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US STOCKS-Wall St set for gains after recent selloff
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AAPL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-for-gains-after-recent-selloff
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nan
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nan
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By Sruthi Shankar
Sept 6 (Reuters) - Wall Street's main indexes were set for opening gains on Tuesday as investors returned from the Labor Day weekend to pick up beaten-down stocks after a recent selloff on worries about monetary policy tightening.
Markets started September on a weak note as hawkish comments from Federal Reserve policymakers and data signaling momentum in the U.S. economy raised fears of aggressive interest rate hikes to cool inflation.
The benchmark S&P 500 .SPX closed at a six-week low on Friday as worries about the European gas crisis overshadowed relief from the monthly jobs data which pointed a slight easing of wage pressures.
The index is down nearly 18% so far this year while the tech-heavy Nasdaq .IXIC has shed nearly 27% as rising interest rates hurt megacap technology and growth stocks.
Shares of Microsoft Corp MSFT.O, Apple Inc AAPL.O and Tesla Inc TSLA.O gained about 1% each in premarket trading after suffering sharp losses over the past week.
"We're looking at a slight bounce this morning, which I would call a relief rally after Friday's selloff," said Peter Cardillo, chief market economist at Spartan Capital Securities.
"The reasons for the stock market weakness obviously remain global central banks raising rates to fight inflation. However, while stocks are poised to move lower and probably stay volatile, I don't see them actually moving down to June's lows."
Data last week signaled resilience in manufacturing activity and the labor market, suggesting the Fed would need to keep raising interest rates in the coming months.
Traders see a nearly 70% chance of a third 75-basis-point rate hike at the Fed meeting later this month. FEDWATCH
Investors will now focus on the Institute for Supply Management's survey on services sector activity in August, due at 10:00 a.m. ET. U.S. consumer prices data next week also could influence expectations on monetary policy before the Fed meeting later in September.
At 08:47 a.m. ET, Dow e-minis 1YMcv1 were up 194 points, or 0.62%, S&P 500 e-minis EScv1 were up 24 points, or 0.61%, and Nasdaq 100 e-minis NQcv1 were up 64.75 points, or 0.53%.
The CBOE Volatility index .VIX, also known as Wall Street's fear gauge, slipped to 25.7 points.
Bed Bath & Beyond Inc BBBY.O fell 14.7% after Chief Financial Officer Gustavo Arnal fell to his death from New York's Tribeca skyscraper.
Digital World Acquisition Corp DWAC.O tumbled 21.0% after Reuters reported the blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for an extension to complete the deal.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Microsoft Corp MSFT.O, Apple Inc AAPL.O and Tesla Inc TSLA.O gained about 1% each in premarket trading after suffering sharp losses over the past week. By Sruthi Shankar Sept 6 (Reuters) - Wall Street's main indexes were set for opening gains on Tuesday as investors returned from the Labor Day weekend to pick up beaten-down stocks after a recent selloff on worries about monetary policy tightening. Markets started September on a weak note as hawkish comments from Federal Reserve policymakers and data signaling momentum in the U.S. economy raised fears of aggressive interest rate hikes to cool inflation.
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Shares of Microsoft Corp MSFT.O, Apple Inc AAPL.O and Tesla Inc TSLA.O gained about 1% each in premarket trading after suffering sharp losses over the past week. By Sruthi Shankar Sept 6 (Reuters) - Wall Street's main indexes were set for opening gains on Tuesday as investors returned from the Labor Day weekend to pick up beaten-down stocks after a recent selloff on worries about monetary policy tightening. Markets started September on a weak note as hawkish comments from Federal Reserve policymakers and data signaling momentum in the U.S. economy raised fears of aggressive interest rate hikes to cool inflation.
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Shares of Microsoft Corp MSFT.O, Apple Inc AAPL.O and Tesla Inc TSLA.O gained about 1% each in premarket trading after suffering sharp losses over the past week. By Sruthi Shankar Sept 6 (Reuters) - Wall Street's main indexes were set for opening gains on Tuesday as investors returned from the Labor Day weekend to pick up beaten-down stocks after a recent selloff on worries about monetary policy tightening. Markets started September on a weak note as hawkish comments from Federal Reserve policymakers and data signaling momentum in the U.S. economy raised fears of aggressive interest rate hikes to cool inflation.
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Shares of Microsoft Corp MSFT.O, Apple Inc AAPL.O and Tesla Inc TSLA.O gained about 1% each in premarket trading after suffering sharp losses over the past week. Markets started September on a weak note as hawkish comments from Federal Reserve policymakers and data signaling momentum in the U.S. economy raised fears of aggressive interest rate hikes to cool inflation. Data last week signaled resilience in manufacturing activity and the labor market, suggesting the Fed would need to keep raising interest rates in the coming months.
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19490.0
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2022-09-06 00:00:00 UTC
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2022's a Bad Year for Big Tech: Should You Hang On?
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AAPL
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https://www.nasdaq.com/articles/2022s-a-bad-year-for-big-tech%3A-should-you-hang-on
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nan
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nan
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Technology stocks have been badly hurt by the cooling economy. Initially it was just because of their growth premium that investors dumped them for safer bets. But as we moved through the months, it was apparent that there are bigger concerns than that.
Most of the companies are seeing difficult comps this year, as pandemic-driven investment in technology is cooling down, which was expected, more or less. There is particular weakness in PCs, which had benefited greatly from the stay-home period. Companies that benefited from the surge in PC sales or the at-home economy of the last couple of years, such as NVIDIA NVDA could therefore be particularly hard-hit.
And while the supply chain issues affected most companies – not just tech – tech too was affected by them. Based on earnings reports from the last quarter, supply chain issues remain in certain segments. Microsoft MSFT is a big tech stock that saw some supply chain impact in the data center.
Inflation is another problem for both consumers and companies. The Fed’s control measures, aimed at slowing down the economy, also impact corporate spending, including on technology. For a company like Apple AAPL, which sells high-end products, inflation could be a deterrent. Its recent focus on services along with the expansion of its installed base are positives in this respect.
Still, the impact on PCs is likely to be greater than on other technology (like software, which could increase efficiencies for companies). And not all companies are equally impacted by the other concerns mentioned above -- only to the extent that they are exposed to the particular concern.
All of them also don’t have the same operating model. Alphabet GOOGL, for instance, depends on advertisers for the bulk of its revenue. With the economy expected to slow down more substantially next year, its 2023 outlook looks worse than this year, unlike some of the others.
Let’s dig into some details:
Apple
Apple’s two straight quarters of double-digit revenue declines are in line with the normal seasonality associated with its business. What’s concerning is that despite the sharp revenue decline, its operating expenses increased, non-cash expenses increased, and therefore, EBIT fell. Net income before non-recurring items was down more than 20% for the second straight quarter.
Net cash per share, which has declined in every quarter except one since the pandemic first hit, also declined in the last quarter.
Apple grew its long-term debt between 2013 and 2018, but since then debt levels have varied. In the last quarter, it ended with a debt/cap ratio of 67.3%, which is very high for a technology company. Of course, Apple is also a consumer goods provider, given the nature of its products. And to that extent some of the debt may be justified.
Analysts are taking down their estimates on Apple. The 2022 estimate is down a penny since the company last reported. The 2023 estimate is down 11 cents (1.7%). They still expect single-digit increases in both revenue and earnings for the two years.
Microsoft
Microsoft has fared better than Apple in terms of revenues, and continued its trend of revenue growth every other quarter. Its operating expense increases also reflect historical trends. Like Apple however, the increases in opex and non-cash expenses contributed to a lower EBIT in the last quarter.
Microsoft’s net cash per share has grown through most of the pandemic-inflicted period, but in 2022, it dropped below 2019 levels.
The company has been lowering its debt steadily over the last several years, and in the last quarter it ended with a debt cap ratio of 23.0%.
Analysts have taken down their estimates of Microsoft earnings. For 2022, the Zacks Consensus Estimate is down 48 cents (4.5%) and for 2023, it is down 38 cents (3.2%).
Alphabet
Alphabet’s revenue growth has not been an issue thus far, although last year’s sharp pace of growth is flattening out this year. In the last quarter, both operating and non-cash expenses increased faster than revenue, leading to a decline in EBIT.
Net cash per share has been on a general upward trajectory since the pandemic, but has been softening since the December quarter, and more sharply this year.
Alphabet increased its debt more than three-folds in 2020, and debt levels have edged up further since then. But given its size, the debt cap was a mere 5.5% at the end of the last quarter, which is not worth bothering about.
Estimates have moved quite a bit lower after Alphabet’s negative surprise in the last quarter. For 2022, the Zacks Consensus Estimate is down 32 cents (5.8%) while for 2023, it’s down 70 cents (10.8%).
NVIDIA
NVDIA has been the tech investors’ darling since before the pandemic, and during the pandemic years (2020 and 2021), its revenues kept climbing. But this is one company that seems to be badly affected by the way the economic slowdown has affected technology providers. July 2022 was the first time since January 2019 that its revenue declined. And the outlook points to further weakness through the rest of 2022.
NVIDIA’s manufacturing/input costs appear to be on the rise. And that’s despite the revenue decline in the last quarter. However, its operating expenses are down. The net result is a reduction in EBIT.
The net cash per share recovered nicely from the pandemic, but the last two quarters have set a negative trend.
Debt levels have increased more than five-fold since the pandemic although the debt cap of 28.9% at the end of the last quarter doesn’t look too bad.
Estimates have fallen sharply after NVIDIA management’s cautionary remarks. The 2022 estimate went from $5.38 to $3.46 (down 35.7%) while the 2023 estimate went from $6.09 to $4.57 (down 25.0%).
Conclusion
While all of these stocks are trading below their median value over the past year, this should not be read as an obvious signal to buy. The reason is that there remains significant economic uncertainty related to the Fed’s policy measures and a recession sometime next year can’t be ruled out. It’s quite possible that there will be further hits to share prices if the economy takes a notable turn for the worse.
So why do we not recommend a sell either? For all the stocks except NVIDIA, the valuation is at best reasonable. Nobody is going to make much profit by selling at these levels because chances are, you bought higher. Also, it’s an absolute certainty that these tech stocks will ultimately regain and exceed their current share prices given their market position, cash flow and the enormous war chests that they have to tide over the bad times. Therefore, it’s a good idea to hang on.
In NVIDIA’s case, the shares look overvalued after the recent estimate revisions, and chances are, they will be pushed lower. Therefore, it’s better to sell them.
One-Month Price Performance
Image Source: Zacks Investment Research
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a company like Apple AAPL, which sells high-end products, inflation could be a deterrent. Apple Inc. (AAPL): Free Stock Analysis Report Companies that benefited from the surge in PC sales or the at-home economy of the last couple of years, such as NVIDIA NVDA could therefore be particularly hard-hit.
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For a company like Apple AAPL, which sells high-end products, inflation could be a deterrent. Apple Inc. (AAPL): Free Stock Analysis Report What’s concerning is that despite the sharp revenue decline, its operating expenses increased, non-cash expenses increased, and therefore, EBIT fell.
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For a company like Apple AAPL, which sells high-end products, inflation could be a deterrent. Apple Inc. (AAPL): Free Stock Analysis Report Net cash per share, which has declined in every quarter except one since the pandemic first hit, also declined in the last quarter.
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For a company like Apple AAPL, which sells high-end products, inflation could be a deterrent. Apple Inc. (AAPL): Free Stock Analysis Report What’s concerning is that despite the sharp revenue decline, its operating expenses increased, non-cash expenses increased, and therefore, EBIT fell.
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19491.0
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2022-09-06 00:00:00 UTC
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Are Options Traders Betting on a Big Move in Apple (AAPL) Stock?
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AAPL
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https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-apple-aapl-stock-0
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nan
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nan
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Investors in Apple Inc. AAPL need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 9, 2022 $70.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Apple shares, but what is the fundamental picture for the company? Currently, Apple is a Zacks Rank #3 (Hold) in the Computer - Mini computers industry that ranks in the Bottom 12% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while one has dropped the estimate. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.26 per share to $1.25 in that period.
Given the way analysts feel about Apple right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Apple Inc. AAPL need to pay close attention to the stock based on moves in the options market lately. Apple Inc. (AAPL): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Apple Inc. AAPL need to pay close attention to the stock based on moves in the options market lately. Apple Inc. (AAPL): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Apple Inc. AAPL need to pay close attention to the stock based on moves in the options market lately. Apple Inc. (AAPL): Free Stock Analysis Report Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Apple Inc. AAPL need to pay close attention to the stock based on moves in the options market lately. Apple Inc. (AAPL): Free Stock Analysis Report However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
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19492.0
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2022-09-06 00:00:00 UTC
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Brazil orders Apple to suspend iPhone sales without charger
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AAPL
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https://www.nasdaq.com/articles/brazil-orders-apple-to-suspend-iphone-sales-without-charger
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nan
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nan
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Adds Apple's response
SAO PAULO, Sept 6 (Reuters) - Brazil's government on Tuesday ordered Apple Inc AAPL.O to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers.
The Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the cancellation of the sale of the iPhone 12 and newer models, in addition to suspending the sale of any iPhone model that does not come with a power charger.
In the order, published in the country's official gazette, the ministry argued that the iPhone was lacking a essential component in a "deliberate discriminatory practice against consumers".
The authorities rejected Apple's argument that the practice had the purpose of reducing carbon emissions saying that there is no evidence of environmental protection from selling the smartphone without a charger.
The order comes a day before Apple Inc is expected to announce its new iPhone model.
Apple declined to comment on the matter.
($1 = 5.1548 reais)
(Reporting by Peter Frontini; Editing by Steven Grattan and Louise Heavens)
((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds Apple's response SAO PAULO, Sept 6 (Reuters) - Brazil's government on Tuesday ordered Apple Inc AAPL.O to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers. In the order, published in the country's official gazette, the ministry argued that the iPhone was lacking a essential component in a "deliberate discriminatory practice against consumers". The authorities rejected Apple's argument that the practice had the purpose of reducing carbon emissions saying that there is no evidence of environmental protection from selling the smartphone without a charger.
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Adds Apple's response SAO PAULO, Sept 6 (Reuters) - Brazil's government on Tuesday ordered Apple Inc AAPL.O to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers. The Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the cancellation of the sale of the iPhone 12 and newer models, in addition to suspending the sale of any iPhone model that does not come with a power charger. The order comes a day before Apple Inc is expected to announce its new iPhone model.
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Adds Apple's response SAO PAULO, Sept 6 (Reuters) - Brazil's government on Tuesday ordered Apple Inc AAPL.O to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers. The Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the cancellation of the sale of the iPhone 12 and newer models, in addition to suspending the sale of any iPhone model that does not come with a power charger. ($1 = 5.1548 reais) (Reporting by Peter Frontini; Editing by Steven Grattan and Louise Heavens) ((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds Apple's response SAO PAULO, Sept 6 (Reuters) - Brazil's government on Tuesday ordered Apple Inc AAPL.O to stop selling iPhones without a battery charger in the country, claiming that the company provides an incomplete product to consumers. The Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the cancellation of the sale of the iPhone 12 and newer models, in addition to suspending the sale of any iPhone model that does not come with a power charger. In the order, published in the country's official gazette, the ministry argued that the iPhone was lacking a essential component in a "deliberate discriminatory practice against consumers".
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19493.0
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2022-09-06 00:00:00 UTC
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Will the Worldwide Shipments of PC Further Decline in Q3?
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AAPL
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https://www.nasdaq.com/articles/will-the-worldwide-shipments-of-pc-further-decline-in-q3
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nan
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nan
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The pandemic necessitated the use of PC systems, be it for remote work, web-based learning, video conferencing, video gaming, social media, consumer entertainment and streaming, or online shopping.
However, with the reopening of economic activities, the demand for consumer and educational PCs is waning, which is hurting PC sales. Additionally, ongoing component shortages and logistics delays are impacting PC manufacturers’ ability to meet demand.
As a result, worldwide PC shipments have been declining for the past two quarters. According to the data compiled by Gartner, PC vendors shipped 72 million units in the April-June quarter of 2022, 12.6% lower than the year-ago quarter. Another independent research firm, International Data Corporation (“IDC”), revealed that PC sales were down 15.3% year over year to 71.3 million units in the second quarter.
Per IDC, Lenovo, HP, Dell and Apple registered year-over-year declines of 12.1%, 27.6%, 5.3% and 22.5%, respectively, in PC deliveries.
In its third-quarter fiscal 2022 results, HP revealed that total PC units sold were down 7% on a year-over-year basis, resulting in a 3% year-over-year decline in its Personal Systems revenues. Similarly, Apple reported a 10.4% plunge in Mac revenues in the third quarter of fiscal 2022.
Computer - Mini computers Industry 5YR % Return
Computer - Mini computers Industry 5YR % Return
What Lies Ahead for Q3?
As the aforementioned factors persist, we expect PC shipments to sustain their downtrend in the third quarter. Additionally, rising inflation is deteriorating consumers’ spending power, forcing buyers to postpone purchasing plans for PCs.
Furthermore, enterprises may postpone their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. This is likely to negatively impact the demand for commercial PCs in the third quarter.
In July 2022, Gartner lowered its forecast for worlwide IT spending growth rate to 3% from the 4% mentioned earlier. The research firm had stated that the 2022 IT spending growth will be much slower than 2021 due to “spending cutbacks on PCs, tablets and printers by consumers.”
IDC’s most recent forecast for global PC shipments suggests a decline of 12.8% for 2022 to 305.3 million units. The research firm blames inflation and the weakening of the global economy for the disappointing forecast.
Considering the macroeconomic challenges, the declining trend in PC shipments for Lenovo, HP, Dell and Apple is expected to continue in the third quarter. Currently, Lenovo and Apple carry a Zacks Rank #3 (Hold). While HP carries a Zacks Rank #4 (Sell), Dell has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
HP Inc. (HPQ): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Lenovo Group Ltd. (LNVGY): Free Stock Analysis Report
To read this article on Zacks.com click here.
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 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Apple Inc. (AAPL): Free Stock Analysis Report Additionally, rising inflation is deteriorating consumers’ spending power, forcing buyers to postpone purchasing plans for PCs.
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Apple Inc. (AAPL): Free Stock Analysis Report Computer - Mini computers Industry 5YR % Return Computer - Mini computers Industry 5YR % Return What Lies Ahead for Q3?
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In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. Apple Inc. (AAPL): Free Stock Analysis Report The research firm had stated that the 2022 IT spending growth will be much slower than 2021 due to “spending cutbacks on PCs, tablets and printers by consumers.” IDC’s most recent forecast for global PC shipments suggests a decline of 12.8% for 2022 to 305.3 million units.
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Apple Inc. (AAPL): Free Stock Analysis Report In 2020 and 2021, PC manufacturers, including HP Inc. HPQ, Dell Technologies DELL, Apple AAPL and Lenovo LNVGY, benefited from increased demand amid the pandemic-induced remote-working and online-learning wave. The research firm had stated that the 2022 IT spending growth will be much slower than 2021 due to “spending cutbacks on PCs, tablets and printers by consumers.” IDC’s most recent forecast for global PC shipments suggests a decline of 12.8% for 2022 to 305.3 million units.
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19494.0
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2022-09-06 00:00:00 UTC
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TQQQ, TUGN: Big ETF Inflows
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AAPL
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https://www.nasdaq.com/articles/tqqq-tugn%3A-big-etf-inflows
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 21,300,000 units, or a 5.0% increase week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is down about 0.8%, and Microsoft is lower by about 0.7%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the TUGN ETF, which added 300,000 units, for a 37.5% increase in outstanding units.
VIDEO: TQQQ, TUGN: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of TQQQ, in morning trading today Apple is down about 0.8%, and Microsoft is lower by about 0.7%. And on a percentage change basis, the ETF with the biggest increase in inflows was the TUGN ETF, which added 300,000 units, for a 37.5% increase in outstanding units. VIDEO: TQQQ, TUGN: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 21,300,000 units, or a 5.0% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the TUGN ETF, which added 300,000 units, for a 37.5% increase in outstanding units. VIDEO: TQQQ, TUGN: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 21,300,000 units, or a 5.0% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the TUGN ETF, which added 300,000 units, for a 37.5% increase in outstanding units. VIDEO: TQQQ, TUGN: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 21,300,000 units, or a 5.0% increase week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is down about 0.8%, and Microsoft is lower by about 0.7%. And on a percentage change basis, the ETF with the biggest increase in inflows was the TUGN ETF, which added 300,000 units, for a 37.5% increase in outstanding units.
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19495.0
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2022-09-06 00:00:00 UTC
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Wall Street in the red as Fed worries persist
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AAPL
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https://www.nasdaq.com/articles/wall-street-in-the-red-as-fed-worries-persist
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nan
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nan
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By Sruthi Shankar and Carolina Mandl
NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes fell on Tuesday in a volatile session as traders assessed fresh economic data after the U.S. Labor Day holiday.
A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased.
However, numbers from S&P Global showed services sector PMI fell short of flash estimates for August.
A stronger-than-expected reading on the U.S. services sector fueled expectations that the Federal Reserve will keep raising interest rates to tame inflation.
"The Fed has relegated us to being very data dependent, so every piece of information that comes out investors are going to look not only at the absolute level, but try to infer what that means for when the Fed meets," said Carol Schleif, deputy chief investment officer at BMO Family Office.
"One of the things that is disconcerting to investors is that there's really little to propel markets either up solidly or down solidly," she added.
The tech-heavy Nasdaq .IXIC was set for its seventh consecutive day of losses in what could be its longest such losing streak since November 2016.
Rate-sensitive shares of Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O fell over 1% as benchmark U.S. Treasury yields rose to their highest levels since June. Apple Inc AAPL.O, which will launch new iPhones next Wednesday, was down almost 1%.
Traders see a 74% chance of a third 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool. FEDWATCH
The focus will be on Fed Chair Jerome Powell's speech on Thursday as well U.S. consumer price data next week for clues on the path of monetary policy.
Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
The benchmark S&P 500 .SPX closed at a six-week low on Friday as worries about the European gas crisis overshadowed relief from the monthly jobs data, which pointed to a slight easing of wage pressures. The index is down nearly 18% so far this year, while the Nasdaq has shed nearly 26% as rising interest rates hurt megacap technology and growth stocks.
Among the major S&P sectors, consumer discretionary .SPLRCD and communication services .SPLRCL fell the most, while defensive utilities .SPLRCU and real estate .SPLRCR rose.
As of 2:44 p.m. ET, the Dow Jones Industrial Average .DJI fell 160.03 points, or 0.51%, to 31,158.41; the S&P 500 .SPX lost 14.97 points, or 0.38%, at 3,909.29; and the Nasdaq Composite .IXIC dropped 77.97 points, or 0.67%, to 11,552.90.
The CBOE Volatility index .VIX, known as Wall Street's fear gauge, rose to 26.43 points.
Bed Bath & Beyond Inc BBBY.O fell 17.3% after Chief Financial Officer Gustavo Arnal fell to his death from New York's Tribeca skyscraper.
Digital World Acquisition Corp tumbled 15.3% after Reuters reported the blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company failed to secure enough shareholder support for an extension to complete the deal.
Declining issues outnumbered advancers on the NYSE by a 2.47-to-1 ratio; on Nasdaq, a 2.03-to-1 ratio favored decliners.
The S&P 500 posted no new 52-week highs and 27 new lows; the Nasdaq Composite recorded 16 new highs and 282 new lows.
(Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; and Carolina Mandl, in New York Editing by Saumyadeb Chakrabarty, Maju Samuel and Richard Chang)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, was down almost 1%. By Sruthi Shankar and Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes fell on Tuesday in a volatile session as traders assessed fresh economic data after the U.S. Labor Day holiday. FEDWATCH The focus will be on Fed Chair Jerome Powell's speech on Thursday as well U.S. consumer price data next week for clues on the path of monetary policy.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, was down almost 1%. By Sruthi Shankar and Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes fell on Tuesday in a volatile session as traders assessed fresh economic data after the U.S. Labor Day holiday. Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, was down almost 1%. By Sruthi Shankar and Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes fell on Tuesday in a volatile session as traders assessed fresh economic data after the U.S. Labor Day holiday. Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.
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Apple Inc AAPL.O, which will launch new iPhones next Wednesday, was down almost 1%. By Sruthi Shankar and Carolina Mandl NEW YORK, Sept 6 (Reuters) - Wall Street's main indexes fell on Tuesday in a volatile session as traders assessed fresh economic data after the U.S. Labor Day holiday. Traders see a 74% chance of a third 75-basis-point rate hike at the Fed's policy meeting later this month, according to CME's FedWatch Tool.
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19496.0
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2022-09-06 00:00:00 UTC
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3 Dividend-Paying Tech Stocks To Buy in September
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AAPL
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https://www.nasdaq.com/articles/3-dividend-paying-tech-stocks-to-buy-in-september
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nan
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nan
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For many, September means the end of summer and the start of a new school year. For investors, September is another month to find and hold the stocks of great companies. While many stocks in the tech sector don't pay dividends, some do. Finding those companies and making them part of a diversified portfolio can mean both capital appreciation and a steady stream of dividend income.
After recent earnings results, I think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) are three quality businesses and reliable dividend payers that will continue to grow and appreciate over time. Let's dig in to see why.
A shifting focus on services
Everyone knows Apple because of its hardware devices. Its category-defining iPhone, iPad, and Apple Watch still drive sales today. However, in the background, Apple's services revenue is slowly becoming an important part of the business.
Services is a segment of Apple's revenue that encompasses things like AppleCare, advertising, cloud storage, digital content, and payments. In Apple's most recently reported quarter, quarter three of 2022, services revenue grew 12% year over year (YOY) and now represents 24% of overall revenue.
The fact that services revenue now represents almost a quarter of overall revenue is important to Apple's bottom line. Services has a gross margin of 72%, considerably higher than the 35% gross margin for hardware products. Put simply, the more services revenue, the more profitability.
This profitability and Apple's incredible cash flow have allowed it to return billions in capital to its shareholders. In the third quarter, Apple repurchased $21.7 billion of its shares. This continues a long trend, as Apple has reduced its shares outstanding by nearly 22% over the past five years.
Apple's dividend yield is currently 0.58%. While that's nothing to write home about, it's a nice bonus on top of the share repurchases and the capital appreciation seen in the stock price. Over the past five years, Apple stock has outperformed the S&P 500 by over 225%.
Impressive growth led by its cloud business
Considering its size, Microsoft's YOY growth is very impressive. Recently, the company reported its fiscal 2022 results, and every segment of its business saw double-digit revenue growth and strong operating income increases.
SEGMENT
FY2022 REVENUE GROWTH
FY2022 OPERATING INCOME GROWTH
Productivity and Business Processes
18%
22%
Intelligent Cloud
25%
25%
More Personal Computing
10%
8%
Data source: Microsoft. Chart by author.
Of particular note is the strength of the intelligent cloud business, which includes Azure and other cloud services. Intelligent cloud now accounts for 38% of Microsoft's overall revenue and 39% of its total operating income. To illustrate the growth, those metrics in 2021 were 36% and 37%, respectively.
Microsoft's Azure cloud infrastructure has approximately 21% of theglobal marketshare, placing it behind only Amazon's 34%. Considering the cloud infrastructure market size is estimated to expand at a compound annual growth rate (CAGR) of 18% through 2028, Microsoft should see continued growth in this segment simply from the expanding market size.
Much like Apple, Microsoft has been repurchasing shares, but at a much slower pace. Over the past five years, shares outstanding has only decreased by 3.3%. Over that same time frame, Microsoft's stock price is up 275%, compared to 75% for the S&P 500. This market-beating performance is aided by Microsoft's dividend, which currently yields a modest 0.97%.
Diversification to weather headwinds
When chipmaker Nvidia reported earnings recently, the headline numbers were all about the slowing revenue, especially in its gaming segment, which saw sales decrease 33% YOY and 44% sequentially. Considering gaming accounts for 30% of revenue, this decrease was significant.
However, this is a case where investors would be wise to zoom out. Yes, gaming has hit a short-term bump in the road due to macroeconomic factors, but if we think about gaming as an industry, it's hard not to be bullish.
The gaming market is estimated to grow at a 12% CAGR between 2020 and 2025, with an increase in total market size of $126 billion. Despite the recent results, in the long run, Nvidia should be fine serving an industry with expected growth ahead.
Additionally, the gaming results obscured some fantastic gains in other segments. Nvidia's automotive segment's revenue increased 45%, and data center revenue grew 61%. Combined, these two segments account for 60% of overall revenue. This illustrates the strength of Nvidia's business. Despite being in a cyclical industry, the company's diversification of revenue streams helps it weather short-term challenges in certain segments, as we saw with gaming recently.
Of the three stocks discussed here, Nvidia's 0.12% yield is the lowest by far. However, investors are still getting strong growth and a balance sheet that positions the company to continue paying and increasing the dividend over time. Nvidia has generated $6.6 billion in free cash flow and seen its stock return 224% over the past five years.
Why should investors buy now?
You can find stocks with better dividend yields, but often, those companies are slow, steady growers that don't provide much in capital appreciation. With these three companies, investors get impressive long-term growth with a modest dividend that I consider the icing on the cake.
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 August 17, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeff Santoro has positions in Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After recent earnings results, I think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) are three quality businesses and reliable dividend payers that will continue to grow and appreciate over time. Finding those companies and making them part of a diversified portfolio can mean both capital appreciation and a steady stream of dividend income. Recently, the company reported its fiscal 2022 results, and every segment of its business saw double-digit revenue growth and strong operating income increases.
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After recent earnings results, I think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) are three quality businesses and reliable dividend payers that will continue to grow and appreciate over time. In Apple's most recently reported quarter, quarter three of 2022, services revenue grew 12% year over year (YOY) and now represents 24% of overall revenue. Recently, the company reported its fiscal 2022 results, and every segment of its business saw double-digit revenue growth and strong operating income increases.
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After recent earnings results, I think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) are three quality businesses and reliable dividend payers that will continue to grow and appreciate over time. In Apple's most recently reported quarter, quarter three of 2022, services revenue grew 12% year over year (YOY) and now represents 24% of overall revenue. Considering the cloud infrastructure market size is estimated to expand at a compound annual growth rate (CAGR) of 18% through 2028, Microsoft should see continued growth in this segment simply from the expanding market size.
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After recent earnings results, I think Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) are three quality businesses and reliable dividend payers that will continue to grow and appreciate over time. In Apple's most recently reported quarter, quarter three of 2022, services revenue grew 12% year over year (YOY) and now represents 24% of overall revenue. Recently, the company reported its fiscal 2022 results, and every segment of its business saw double-digit revenue growth and strong operating income increases.
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19497.0
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2022-09-06 00:00:00 UTC
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China's nuclear outlook is sunny and windy
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AAPL
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https://www.nasdaq.com/articles/chinas-nuclear-outlook-is-sunny-and-windy
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nan
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nan
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Reuters
Reuters
HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. Unfortunately building plants in arid regions will be tricky. China's path to better atomic energy runs through solar and wind farms. Sichuan relies on dams for a whopping 80% of its power and exports surplus to other areas, especially industrial centres on the coast. But the relationship is one-way; inadequate transmission lines and immature spot markets prevent other provinces from selling electricity back to Sichuan in a pinch. This summer's record heatwave, which evaporated reservoirs and pushed up electricity demand as households cranked up air conditioners, exposed the vulnerability of this arrangement. The power crunch, which has started to ease, disrupted the local operations of $26 billion Tianqi Lithium, Apple supplier Foxconn, Toyota Motor and others. Officials in Shanghai, home to factories for Tesla and other automakers, even lobbied for special access, according https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Ftesla-asks-chinese-government-help-103926337.html&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=0DmXV5FXQGkowAPJzroqDvuVYEkV12Ii9S6Wc3HiHa8%3D&reserved=0 to Bloomberg. Chinese energy officials have vowed to speed up nuclear development, among other things. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. That's 28% of the modeled energy mix, versus 21% and 17% for wind and solar respectively. That would be a boon for companies like CGN Power and China National Nuclear Power, but there’s a hitch. There is widespread public opposition to more plants following Japan's 2011 Fukushima accident; authorities have unofficially banned building reactors inland. Last year, the country's 54 coastal reactors generated just 52 GW, or 5% of the total. Officials are setting their sights on 70 GW by 2025. Anything more ambitious may be a stretch: the 2018 study, for instance, estimated over half of capacity would have to come from installations in the hinterlands. Unfortunately many of these regions are under mounting water stress, and some traditional reactor designs need 1 billion gallons of water https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmonarchpartnership.co.uk%2Fnuclear-power-water-consumption%2F&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658558573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=BLmLXgFkw9nQuePf4au1%2B%2Bh7iAx5WHpW0z6mAzF88hY%3D&reserved=0 per day. Monday’s 6.8 magnitude earthquake in Sichuan, the strongest in nearly a decade, highlights another huge risk. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies. In December, CNNC launched an experimental "pebble bed" reactor that uses gas instead of water; the government recently tested a thorium reactor that uses molten salt for coolant. It’s still early days, but the payoff could be immense.
Follow @mak_robyn on Twitter
CONTEXT NEWS
An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28. Power for ordinary industrial and commercial users has been restored while that for large industrial users will be gradually restored, except for highly energy-intensive industries.
The National Energy Administration has started to adjust its power development plans for 2021-2025 in response, Reuters reported. The agency said it will accelerate the construction of new hydropower stations as well as the approval of nuclear plants and power transmission projects.
(Editing by Pete Sweeney and Thomas Shum)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The power crunch, which has started to ease, disrupted the local operations of $26 billion Tianqi Lithium, Apple supplier Foxconn, Toyota Motor and others. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies.
|
HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. That would be a boon for companies like CGN Power and China National Nuclear Power, but there’s a hitch. An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28.
|
HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies.
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HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. Unfortunately many of these regions are under mounting water stress, and some traditional reactor designs need 1 billion gallons of water https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmonarchpartnership.co.uk%2Fnuclear-power-water-consumption%2F&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658558573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=BLmLXgFkw9nQuePf4au1%2B%2Bh7iAx5WHpW0z6mAzF88hY%3D&reserved=0 per day. An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28.
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19498.0
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2022-09-06 00:00:00 UTC
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Better Buy: AMZN vs. AAPL
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AAPL
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https://www.nasdaq.com/articles/better-buy%3A-amzn-vs.-aapl
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nan
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nan
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Investing often comes down to choices. Frequently, that means buying one stock over another since most of us have limited resources.
While Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have done very well over the years, the recent bear market means this is a good chance to evaluate whether this represents a good buying opportunity.
In the battle between these two titans, which one comes out ahead?
Image source: Getty Images.
Amazon
Amazon has grown from initially selling books online to offering just about everything imaginable by focusing on what the customer wants. Shareholders have been handsomely rewarded as the stock has gone from a split-adjusted price of under $1 in 1997 to over $127. However, the share price has fallen by about 24% this year after the company reported disappointing results.
Contending with higher costs, Amazon saw its second-quarter operating income fall to $3.3 billion, less than half the $7.7 billion in the year-ago period. However, after ramping up staffing and capacity to meet higher demand, management has promised to focus on productivity. And people still turn to Amazon for its quick delivery and low prices. With a Prime subscription, you even get a streaming service.
I have an even better cause for optimism. The company's Amazon Web Services (AWS) unit continues to grow sales quickly. The cloud computing division has about a 33% market share, making it the leader in this fast-growing space.
Better still, due to the major commitment required for data centers, the barriers to entry remain high. Its two competitors are Microsoft's Azure and Alphabet. In the most recent quarter, AWS' sales grew by 33.3%. The business's operating margin was 29%, up from last year's 28.3%, and it's much higher than the North American and international businesses.
With the stock price down, this seems like an opportune time to purchase shares. With the shares trading at a price-to-sales ratio of 2.7, that's more reasonable than the 3.6 multiple there were at in April.
Apple
Apple has built a large and loyal following by offering "cool" products. These include the iPhone, Mac, iPad, AirPods, and Apple Watch. It has also made shareholders happy with the price going from a split-adjusted pennies to over $155 over the last 25 years.
Due in part to the overall equity market sell-off, the stock has fallen by more than 12% in 2022, however.
Apple also didn't overwhelm investors with recent results. Its fiscal third-quarter sales grew by only 1.9% to $83 billion, and operating income dropped by 4.4% to $23.1 billion. This covered the period that ended on June 25. But the weaker sales and profitability should prove an aberration.
The iPhone, which made up 49% of the quarter's sales, grew by 2.8% to $40.7 billion. That is likely to accelerate as Apple is reported to be readying the imminent launch of its latest version. It remains a popular product, garnering a strong market share in the U.S. and abroad.
There's also the company's fast-growing services business, which saw a 12.1% top-line increase in the most recent quarter. This includes the App Store, advertising, and tech support.
The stock sells at a P/S ratio of 6.6, down from nearly eight earlier this year.
Bottom line
So which stock offers better prospects? It's a close call, but I give the edge to Amazon. Apple relies on the iPhone for nearly half of its sales, and a weak reaction, although seemingly unlikely, presents a risk. Amazon has a strong and growing AWS business while its other businesses should rebound as the company focuses on improving profitability.
10 stocks we like better than Amazon
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 Amazon wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 17, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, 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.
|
While Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have done very well over the years, the recent bear market means this is a good chance to evaluate whether this represents a good buying opportunity. The company's Amazon Web Services (AWS) unit continues to grow sales quickly. Better still, due to the major commitment required for data centers, the barriers to entry remain high.
|
While Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have done very well over the years, the recent bear market means this is a good chance to evaluate whether this represents a good buying opportunity. The company's Amazon Web Services (AWS) unit continues to grow sales quickly. In the most recent quarter, AWS' sales grew by 33.3%.
|
While Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have done very well over the years, the recent bear market means this is a good chance to evaluate whether this represents a good buying opportunity. See the 10 stocks *Stock Advisor returns as of August 17, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Microsoft.
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While Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have done very well over the years, the recent bear market means this is a good chance to evaluate whether this represents a good buying opportunity. However, the share price has fallen by about 24% this year after the company reported disappointing results. That's right -- they think these 10 stocks are even better buys.
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19499.0
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2022-09-06 00:00:00 UTC
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China's nuclear outlook is sunny and windy
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AAPL
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https://www.nasdaq.com/articles/chinas-nuclear-outlook-is-sunny-and-windy-0
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nan
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nan
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Reuters
Reuters
HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. Unfortunately building plants in arid regions will be tricky. China's path to better atomic energy runs through solar and wind farms. Sichuan relies on dams for a whopping 80% of its power and exports surplus to other areas, especially industrial centres on the coast. But the relationship is one-way; inadequate transmission lines and immature spot markets prevent other provinces from selling electricity back to Sichuan in a pinch. This summer's record heatwave, which evaporated reservoirs and pushed up electricity demand as households cranked up air conditioners, exposed the vulnerability of this arrangement. The power crunch, which has started to ease, disrupted the local operations of $26 billion Tianqi Lithium, Apple supplier Foxconn, Toyota Motor and others. Officials in Shanghai, home to factories for Tesla and other automakers, even lobbied for special access, according https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Ftesla-asks-chinese-government-help-103926337.html&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=0DmXV5FXQGkowAPJzroqDvuVYEkV12Ii9S6Wc3HiHa8%3D&reserved=0 to Bloomberg. Chinese energy officials have vowed to speed up nuclear development, among other things. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. That's 28% of the modeled energy mix, versus 21% and 17% for wind and solar respectively. That would be a boon for companies like CGN Power and China National Nuclear Power, but there’s a hitch. There is widespread public opposition to more plants following Japan's 2011 Fukushima accident; authorities have unofficially banned building reactors inland. Last year, the country's 54 coastal reactors generated just 52 GW, or 5% of the total. Officials are setting their sights on 70 GW by 2025. Anything more ambitious may be a stretch: the 2018 study, for instance, estimated over half of capacity would have to come from installations in the hinterlands. Unfortunately many of these regions are under mounting water stress, and some traditional reactor designs need 1 billion gallons of water https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmonarchpartnership.co.uk%2Fnuclear-power-water-consumption%2F&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658558573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=BLmLXgFkw9nQuePf4au1%2B%2Bh7iAx5WHpW0z6mAzF88hY%3D&reserved=0 per day. Monday’s 6.8 magnitude earthquake in Sichuan, the strongest in nearly a decade, highlights another huge risk. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies. In December, CNNC launched an experimental "pebble bed" reactor that uses gas instead of water; the government recently tested a thorium reactor that uses molten salt for coolant. It’s still early days, but the payoff could be immense.
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CONTEXT NEWS
An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28. Power for ordinary industrial and commercial users has been restored while that for large industrial users will be gradually restored, except for highly energy-intensive industries.
The National Energy Administration has started to adjust its power development plans for 2021-2025 in response, Reuters reported. The agency said it will accelerate the construction of new hydropower stations as well as the approval of nuclear plants and power transmission projects.
(Editing by Pete Sweeney and Thomas Shum)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The power crunch, which has started to ease, disrupted the local operations of $26 billion Tianqi Lithium, Apple supplier Foxconn, Toyota Motor and others. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies.
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HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. That would be a boon for companies like CGN Power and China National Nuclear Power, but there’s a hitch. An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28.
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HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. A much-cited 2018 study https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1674927817301181&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658402307%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=9eL4%2FAUdSD7tjw8T1zWmspQx7vwkiwC0Si%2FeSdQSOok%3D&reserved=0 by researchers affiliated with the state economic planning agency forecast that for the country to meet its net-zero carbon emissions goal by 2050, atomic energy capacity will need to reach 554 gigawatts. A more realistic way to boost clean energy without slipping back into fossil fuels is to expand wind and solar capacity now, while pushing harder to roll out safer and less water-intensive nuclear technologies.
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HONG KONG (Reuters Breakingviews) - Sichuan’s hydropower crisis has some officials calling for accelerated nuclear reactor construction. Unfortunately many of these regions are under mounting water stress, and some traditional reactor designs need 1 billion gallons of water https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmonarchpartnership.co.uk%2Fnuclear-power-water-consumption%2F&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7Cca6d1176eaae45f006e708da8faa3da5%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637980258658558573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=BLmLXgFkw9nQuePf4au1%2B%2Bh7iAx5WHpW0z6mAzF88hY%3D&reserved=0 per day. An electricity shortage in China's southwestern province of Sichuan has started to ease, according to state media on Aug. 28.
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